Latest Oil And Gas News

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IPB Petroleum Limited has secured a crucial two-year extension on its WA-424-P permit in the Browse Basin, enabling continued exploration and development of its Gwydion asset while maintaining a solid cash position of AUD 1.487 million.
Maxwell Dee
Maxwell Dee
30 Apr 2025
ADX Energy reported a 13% rise in Austrian production and a 15% increase in sales revenue for Q1 2025, while Welchau-1 well testing remains suspended pending legal review. The company also secured a key Italian gas exploration permit, positioning for growth across Europe.
Maxwell Dee
Maxwell Dee
30 Apr 2025
ADX Energy Ltd reported a solid cash balance of A$6.67 million at the end of Q1 2025, despite significant investment in exploration activities and ongoing loan repayments. The company’s quarterly cash flow highlights its commitment to advancing projects while managing financial stability.
Maxwell Dee
Maxwell Dee
30 Apr 2025
Bounty Oil and Gas NL reported steady progress in Queensland oil production and development, increasing reserves to 313,000 barrels, while pursuing a Federal Court review of the PEP 11 offshore permit refusal. The company also completed a modest $231,000 entitlement offer to support ongoing exploration and development.
Maxwell Dee
Maxwell Dee
30 Apr 2025
Arizona Lithium advances its Prairie Project with a pioneering commercial development plan for lithium brine extraction, regulatory approvals, and a $1.3 million capital raise to fund initial production.
Maxwell Dee
Maxwell Dee
30 Apr 2025
Woodside Energy has inked a pivotal long-term agreement with bp to supply up to 640 billion cubic feet of natural gas for its Louisiana LNG project starting in 2029, marking a significant step in the project's development and environmental commitments.
Maxwell Dee
Maxwell Dee
30 Apr 2025
Helios Energy has confirmed significant contingent resources at its Presidio Project in West Texas, supported by new technical partnerships and a strengthened leadership team. The company raised $4.3 million to advance its development plans amid a shifting US energy landscape.
Maxwell Dee
Maxwell Dee
30 Apr 2025
Gold Hydrogen Limited is gearing up for a pivotal 2025 drilling campaign at its Ramsay Project, aiming to further appraise significant natural hydrogen and helium accumulations confirmed in prior exploration. The company also bolsters its technical team and launches a new InvestorHub to deepen stakeholder engagement.
Maxwell Dee
Maxwell Dee
30 Apr 2025
Gas2Grid Limited moves closer to securing a new service contract in the Philippines while appealing a significant legal claim in France, all under the pressure of an impending ASX suspension deadline.
Maxwell Dee
Maxwell Dee
30 Apr 2025
Hartshead Resources has submitted a revised development plan for its Anning and Somerville gas fields, featuring a superior export route via CalEnergy's Saturn Banks pipeline. Supported by a strong cash position and committed partners, the company is exploring innovative funding to optimise project economics.
Maxwell Dee
Maxwell Dee
30 Apr 2025
Aurora Labs has completed the design and initial testing of its AU4 40kg thrust micro gas turbine, marking a significant step in UAV propulsion technology. The company is now focusing on scaling production and deepening defence sector partnerships following strong international engagement.
Victor Sage
Victor Sage
30 Apr 2025
Santos Limited’s 2024 Annual Report reveals a 5% drop in production and a 9% decline in sales revenue, yet highlights significant progress in carbon capture and storage projects and emissions reduction targets.
Maxwell Dee
Maxwell Dee
30 Apr 2025