Latest Oil Gas Exploration And Production News

Helios Energy is making tangible progress restarting production at its Presidio Oil Project in Texas, while strategically enhancing its US-based technical leadership to support future growth.

Buru Energy revises its Rafael Gas Project development plan, prioritising drilling the Rafael B appraisal well in mid-2026 and delaying the Final Investment Decision by six months, while maintaining first production for late 2027.

Tamboran Resources has reported a record-breaking 60-day initial production flow rate of 6.8 million cubic feet per day from its Shenandoah South 2H sidetrack well in the Beetaloo Basin, underscoring its progress toward commercial gas supply for Northern Australia.

Lakes Blue Energy has secured all regulatory approvals to begin drilling the Wombat-5 well in Gippsland, aiming to tap a significant gas resource with potential to ease Victoria’s looming supply crunch.

Po Valley Energy appoints its largest shareholder Kevin Bailey AM as Executive Chair and CEO, aiming to accelerate natural gas production growth in Italy amid strong financial footing.

Finder Energy has successfully raised $6 million through a placement led by major shareholder Longreach Capital, aiming to accelerate its Kuda Tasi and Jahal offshore oil development towards a Final Investment Decision.

Emperor Energy secures independent validation of its Judith Gas Field resources, boosting unrisked prospective volumes to 1.86 trillion cubic feet and setting sights on a mid-2026 appraisal well to advance development.

Finder Energy has opened a new office in Dili to support its KTJ oil fields project, signalling a strategic push to embed local operations and partnerships in Timor-Leste.

Condor Energy has launched a comprehensive market and commercialisation study for its 1 trillion cubic feet Piedra Redonda gas discovery offshore Peru, aiming to chart a clear path toward development and partnerships.

Strike Energy unveils a strategic pivot focusing on gas-fired power and upstream gas projects to underpin Western Australia’s energy transition and deliver shareholder value.

Finder Energy has fast-tracked the development of its Kuda Tasi and Jahal oil fields in Timor-Leste through a strategic alliance with SLB, targeting initial production of up to 40,000 barrels per day. The company’s diversified portfolio and tight capital structure position it for multiple catalysts in the second half of 2025.

Lakes Blue Energy NL has secured $6.5 million through a fully underwritten placement to fund drilling at its Wombat Gas Field in Victoria, aiming to address looming gas supply shortages on Australia's east coast.