Latest Oil Gas Exploration And Production News

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Whitebark Energy is progressing plans to drill the Rickerscote prospect in South Australia's Officer Basin, targeting hydrogen, helium, and hydrocarbons, while appointing a seasoned COO to lead growth.
Maxwell Dee
Maxwell Dee
31 July 2025
Finder Energy has fast-tracked development of its Kuda Tasi and Jahal oil fields in Timor-Leste, targeting initial production rates of up to 40,000 barrels per day through a strategic alliance with SLB. The company’s tight capital structure and multiple exploration prospects position it for significant catalysts in the second half of 2025.
Maxwell Dee
Maxwell Dee
31 July 2025
Blue Energy Limited has been awarded two significant Potential Commercial Areas in Queensland, boosting its contingent gas resources, while facing temporary suspension of pilot wells due to mechanical issues. The company is advancing regulatory approvals and exploring capital raising to support its growth.
Maxwell Dee
Maxwell Dee
31 July 2025
Melbana Energy has commenced continuous oil production from its Amistad-2 well in Cuba, building a significant crude inventory while preparing for further drilling. The company maintains a solid cash position as it markets its Australian offshore assets.
Maxwell Dee
Maxwell Dee
31 July 2025
Santos has marked a significant milestone in its Pikka phase 1 project with the safe arrival of critical processing modules in Alaska, pushing the project close to completion and setting the stage for increased production by 2027.
Maxwell Dee
Maxwell Dee
31 July 2025
Beetaloo Energy Australia Limited has completed a $35 million capital raise and successfully finished hydraulic stimulation of its Carpentaria-5H well, setting the stage for production expected in 2026. Traditional Owner consent and strong liquidity underpin the company’s next development phase.
Maxwell Dee
Maxwell Dee
31 July 2025
Conrad Asia Energy has advanced its position in Indonesia’s natural gas sector with a major gas sales agreement and increased ownership in the Duyung PSC. The company also completed a A$9 million capital raise to fund upcoming development milestones.
Maxwell Dee
Maxwell Dee
31 July 2025
Po Valley Energy reports steady gas production from its Podere Maiar-1 field and progresses permitting for new wells in Italy, supported by robust cash reserves and ongoing stakeholder engagement.
Maxwell Dee
Maxwell Dee
31 July 2025
Beach Energy reported a 9% rise in FY25 production to 19.7 million barrels of oil equivalent and a 13% increase in sales revenue to $2 billion, driven by strong basin performances and the Waitsia LNG project. However, a significant $674 million impairment charge due to lower commodity prices and reserves revision at Beharra Springs tempers the upbeat results.
Maxwell Dee
Maxwell Dee
31 July 2025
Australis Oil & Gas reported a dip in Q2 sales volumes and revenue due to operational challenges but maintained positive cash flow and reduced debt. The company is actively seeking a funding partner to unlock the potential of its Tuscaloosa Marine Shale assets.
Maxwell Dee
Maxwell Dee
30 July 2025
Central Petroleum Limited has announced an on-market share buy-back program of up to 10% of its issued shares, supported by robust cash flows from new multi-year gas sale contracts and existing reserves.
Maxwell Dee
Maxwell Dee
30 July 2025
Lion Energy has made steady progress on its Port of Brisbane Green Hydrogen Project while moving closer to securing funding for a key drilling operation in Indonesia’s East Seram PSC.
Maxwell Dee
Maxwell Dee
29 July 2025