Latest Oil And Gas News

Otto Energy has announced the resignation of its Acting CEO, Phil Trajanovich, after a year in the role. The board is now actively seeking a permanent replacement to lead the company forward.

Otto Energy has secured a final Australian Taxation Office ruling clarifying the tax treatment of its recent $0.008 per share distribution, splitting it between a return of capital and a dividend.

Brookside Energy announces an on-market share buy-back of up to 4.8 million shares, aiming to return capital and support its growth strategy amid evolving market conditions.

The ACCC has approved Cleanaway’s acquisition of Contract Resources, finding no significant threat to competition in Australia’s industrial and waste management sectors. The decision highlights the resilience of competition, especially in the oil and gas services market.

Xstate Resources has launched a $2-3 million capital raising with a priority offer to existing shareholders, coinciding with a shareholder meeting to approve a key acquisition.

Australian Oil Company Limited has resolved a significant financial dispute with former director Gary Jeffery, involving loan forgiveness and a substantial share issuance that strengthens its balance sheet and refocuses management on growth.

Pilot Energy has issued $600,000 in convertible notes under a previously approved $1.8 million facility with Discovery Investments, correcting a minor contractual reference without altering terms.

Tlou Energy has admitted to a late filing of a key director interest notice for its former Managing Director, prompting an ASX inquiry into its compliance processes. The company vows to tighten internal controls following the breach.

SciDev Limited has secured $21.5 million in new contracts and renewals across oil & gas, mining, and PFAS remediation sectors, boosting its FY26 revenue guidance to $120-$140 million.

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.

Santos Limited has entered a process deed granting XRG Consortium exclusive rights to pursue a potential A$8.89 per share cash takeover offer, setting the stage for a pivotal chapter in the oil and gas sector.

Xstate Resources Limited has announced a re-compliance capital raising to fund its acquisition of a 51% interest in the Diona Project in Queensland and the drilling of the Diona-1 well, aiming to resume ASX trading.