Latest Oil And Gas News

Buru Energy is progressing steadily on its Rafael Project, aiming for commercial agreements in early 2025 and production by late 2027, while implementing significant cost reductions to sharpen its financial position.

Carnarvon Energy and its partners have deferred key milestones in the Dorado Phase 1 liquids development, pushing back the Final Investment Decision and FPSO purchase. Despite the delay, the Joint Venture remains confident and plans further exploration drilling in 2026.

Horizon Oil has successfully completed the WM29 well and commenced drilling WM30 in the Mereenie Development Program, aiming to boost gas production and meet new Northern Territory gas sales commitments.

Helios Energy has engaged Houston-based W.D. Von Gonten Engineering to apply advanced geological and engineering expertise to its flagship Presidio Project in West Texas, signalling a strategic push to unlock its full potential.