Latest Oil And Gas News

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.

Horizon Oil has finalized amendments to its senior debt facility with Macquarie Bank, enabling the acquisition of significant gas assets in Thailand that will add approximately 2,000 barrels of oil equivalent per day to its production.

Finder Energy Holdings has had its trading suspension lifted following a significant announcement about a development alliance and accelerated project planning for its Kuda Tasi and Jahal assets.

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.

Santos Limited has received a compelling non-binding proposal from the XRG Consortium to acquire the company at a significant premium, prompting the board to engage in due diligence and negotiations. This move could reshape the Australian energy landscape if finalized.

Tivan Limited has reported exceptional fluorite assay results from its Sandover Project, with grades reaching up to 91.4% CaF2 and a mineralised strike length now extending to 7 kilometres. The company is advancing towards a maiden drilling campaign scheduled for October 2025.

Kinetiko Energy has completed a $2.2 million placement, supported by directors and major shareholders, to advance its gas exploration and production testing in South Africa’s Mpumalanga Province. Initial production test results are expected in July 2025.

Patriot Battery Metals has confirmed pollucite as the primary caesium host mineral at its Shaakichiuwaanaan Property, revealing significant caesium mineralization at the Vega and Rigel zones. The company plans to include caesium in its next Mineral Resource update and is exploring its potential as a valuable by-product alongside lithium, tantalum, and gallium.

Finder Energy has spotlighted its Kuda Tasi and Jahal oil development opportunity at the APAC Energy Capital Assembly, revealing a robust resource base and a streamlined development strategy promising rapid returns.

Anson Resources has announced its first JORC-compliant lithium resource estimate for the Green River Project in Utah, revealing significant lithium-brine volumes and plans to expand via historic well re-entry.

Omega Oil and Gas has extinguished a 3% royalty on its Queensland liquids production by paying TAG Oil US$1 million, clearing the way for greater commercial flexibility following promising flow tests at Canyon-1H.

AXP Energy has launched its first gas-to-power bitcoin mining operation at its Pathfinder field in Colorado, producing hydrocarbons from a new formation and planning rapid US expansion.