Latest Oil And Gas Development News

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Finder Energy has secured half of the development capital for its KTJ oil project in Timor-Leste through a farmin deal with TIMOR GAP and accelerated engineering work with SLB, targeting first oil by the end of 2027.
Maxwell Dee
Maxwell Dee
28 Oct 2025
Bridgeport Energy reports stable petroleum reserves of 4.1 million barrels of oil equivalent and 4.9 million barrels of contingent resources as of July 2025, underpinning its ongoing production and future gas development plans.
Maxwell Dee
Maxwell Dee
16 Sept 2025
AXP Energy has secured 1,400 acres of oil and gas leases in Kay County, Oklahoma, setting the stage for rapid drilling and expansion of its gas-to-power-bitcoin mining operations. The company aims to leverage proven stacked pay zones and a favorable regulatory environment to scale production and innovative energy uses.
Maxwell Dee
Maxwell Dee
12 Aug 2025
Helios Energy has made significant strides in transitioning from exploration to production at its Presidio Project in Texas, supported by a $2.6 million capital raise and strategic U.S. hires. Early oil recovery and positive engagement with partners underscore its growing momentum.
Maxwell Dee
Maxwell Dee
31 July 2025
Brookside Energy has identified two promising sub-plays within its SWISH Area of Interest in Oklahoma’s Anadarko Basin, targeting the Simpson Group sands and Caney Shale formations with modern drilling techniques.
Maxwell Dee
Maxwell Dee
17 June 2025
Carnarvon Energy reports a robust cash balance of A$187 million amid delays in the Dorado project development following Santos' decision to pause FPSO acquisition. The renewal of Bedout Basin exploration permits offers a pathway to future drilling in 2026.
Maxwell Dee
Maxwell Dee
28 Jan 2025
Key Petroleum Limited progresses Potential Commercial Area applications for ATPs 920 and 924 in Queensland’s Cooper Eromanga Basin, supported by a recent capital raise despite a constrained cash balance.
Victor Sage
Victor Sage
24 Jan 2025