Latest Regional Refining News

Buru Energy has boosted its Ungani oil field’s 2C Contingent Resources by around 200%, lifting recoverable oil estimates to 660,000 barrels while exploring new, lower-cost production and local refining options.

Viva Energy’s 1H26 EBITDA surged to an estimated $770-$780 million, more than doubling from 1H25, driven by elevated refining margins amid Middle East supply disruptions and robust retail and commercial sales.

Nico Resources has completed preparations for a key infill drilling campaign at its Wingellina nickel-cobalt project, aiming to upgrade resource classifications and refine metallurgical understanding. The company also inked a strategic MOU with Pure Battery Technologies to explore regional refining opportunities amid a turbulent nickel price environment.

Ampol Limited showcased resilience in 2025 with strong refining margins supported by government payments and robust retail growth, while awaiting ACCC approval for its EG Australia acquisition promising significant synergies.

Elevra Lithium delivered a strong March 2026 quarter with record revenues, operational improvements at North American Lithium, and progress on multiple growth fronts, supported by a robust cash position.

Noronex Limited’s initial drilling at the Powerline Copper Project in Namibia reveals a promising copper-silver mineralised horizon, validating its geological model and prompting further exploration.

Viva Energy’s half-year results reveal strong momentum in its Convenience & Mobility segment and ongoing refinery enhancements, despite a challenging start to 2025. The Group’s strategic acquisitions and store expansions underpin a cautiously optimistic outlook.