Latest Oil And Gas News

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Santos Limited has received a compelling non-binding proposal from the XRG Consortium to acquire the company at a significant premium, prompting the board to engage in due diligence and negotiations. This move could reshape the Australian energy landscape if finalized.
Maxwell Dee
Maxwell Dee
16 June 2025
Xstate Resources has disposed of its 20% stake in the Austrian Anshof project, eliminating liabilities and streamlining its portfolio ahead of a planned ASX re-listing and development of its Diona project in Queensland.
Maxwell Dee
Maxwell Dee
4 June 2025
Santos Limited’s 2024 Annual Report reveals a 5% drop in production and a 9% decline in sales revenue, yet highlights significant progress in carbon capture and storage and emissions reduction targets.
Maxwell Dee
Maxwell Dee
19 Feb 2025
Bass Oil Limited reported a 2.9% increase in total sales revenue for January 2025, driven by steady daily production and notable gains in both the Cooper Basin and Indonesian operations. The company is advancing gas appraisal efforts that could unlock significant new resources.
Maxwell Dee
Maxwell Dee
17 Feb 2025
Triangle Energy reports a missed payment from Pilot Energy related to the Cliff Head project sale, while Pilot continues funding operational costs amid capital raise talks.
Maxwell Dee
Maxwell Dee
17 Feb 2025
88 Energy Limited has struck a pivotal farmout agreement with Burgundy Xploration LLC, unlocking up to US$39 million in funding for Project Phoenix’s horizontal well program and extended flow testing, setting the stage for a potential production decision in 2026.
Maxwell Dee
Maxwell Dee
17 Feb 2025
Invictus Energy has secured Environmental and Social Impact Assessment approval for pilot gas production at its Cabora Bassa Project, unlocking the path to commercial gas extraction and power generation in Zimbabwe.
Maxwell Dee
Maxwell Dee
17 Feb 2025
Whitebark Energy Limited has issued a supplementary bidder's statement updating its $3 million capital raising and correcting share valuation details in its ongoing takeover offer for King Energy Limited.
Maxwell Dee
Maxwell Dee
14 Feb 2025
Advent Energy, in which MEC Resources holds a significant stake, is pursuing a judicial review against the federal government's refusal to extend the PEP-11 offshore petroleum permit. This legal move could reshape the future of the project and its stakeholders.
Maxwell Dee
Maxwell Dee
13 Feb 2025
Advent Energy, with BPH Energy as a significant stakeholder, has launched a judicial review against the Federal Government’s refusal to extend the PEP-11 offshore petroleum permit, seeking to overturn the decision and force reconsideration.
Maxwell Dee
Maxwell Dee
13 Feb 2025
Xstate Resources has divested its 25% stake in the Crest Jinn assets in Alberta, Canada, opting for a modest royalty interest as it refocuses amid geopolitical and operational uncertainties.
Victor Sage
Victor Sage
7 Feb 2025
Brookside Energy has initiated drilling preparations for the Bruins Well in the prolific SWISH Play, aiming to boost production and increase its working interest to around 70%. This marks the first of three wells planned in its 2025 program, with strong production forecasts underpinning growth ambitions.
Maxwell Dee
Maxwell Dee
6 Feb 2025