Latest Oil And Gas News

Xstate Resources has received pre-approval to acquire a 51% stake in the Diona project, setting the stage for drilling operations and ASX trading resumption by late September.

Cleanaway Waste Management posted a 14.6% rise in underlying EBIT to $411.8 million for FY25, driven by solid waste services growth and strategic acquisitions. However, the Board exercised discretion to reduce executive short-term incentives by 30% due to safety performance issues including three fatalities.

Pilot Energy has received a $3.9 million Petroleum Resource Rent Tax refund linked to decommissioning activities at the Cliff Head Oil Field, reinforcing its shift toward clean energy projects.

Strike Energy has reported a significant downgrade in its Walyering gas field reserves following FY25 production data, alongside plans to drill a new exploration well in early 2026 to address potential supply shortfalls.

Bass Oil reported steady oil production in July alongside progress in acquiring the Vanessa gas field and advancing deep coal commercialisation efforts.

Ampol Limited has announced a fully franked ordinary dividend of AUD 0.40 per share for the six months ending June 2025, signaling steady returns for shareholders.

Lowell Resources Fund (ASX, LRT) reported a stellar FY2025 with net assets soaring 72.5% to $72.3 million and profits jumping over 1400%, driven by strong gold and precious metals exposure.

Xstate Resources has secured over $2 million from more than 300 new investors in its Re-compliance Prospectus offer, positioning itself for a potential return to ASX trading by early September.

Otto Energy’s 2025 reserves statement reveals a 10% decline in proved reserves, balanced by strong cash reserves and steady production across key US Gulf Coast assets.

Noble Helium has launched a rigorously vetted five-hole drilling campaign targeting a 225.5 BCF helium resource in Tanzania’s North Rukwa Project, aiming for near-term cash flow with reduced costs and enhanced geological insight.

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.

AXP Energy has raised A$2.7 million through a two-tranche placement to expand its innovative gas-to-power-bitcoin mining operations and accelerate oil and gas drilling activities in Oklahoma.