Latest Oil And Gas News

Condor Energy has identified a promising new hydrocarbon prospect, Raya West, adjacent to its existing Raya Prospect offshore Peru, significantly enhancing its exploration portfolio with advanced seismic analysis confirming multiple stacked oil-bearing intervals.

Finder Energy Holdings has outlined ambitious plans to reach a Final Investment Decision by mid-2026 for its KTJ oil development, aiming for first oil production by late 2027 and unlocking over US$1 billion in gross revenues.

New Hope Corporation reported a 7.1% rise in quarterly saleable coal production and a 15.5% jump in underlying EBITDA, driven by operational improvements and easing logistics. The company declared a fully franked dividend and set a cautiously optimistic FY26 production target amid ongoing challenges.

Winchester Energy has commenced production from its Varn JVU-5 well in Texas, marking a significant step in its waterflood project with an initial oil output of 25 barrels per day.

AXP Energy reports encouraging early oil and gas flowback at its Charlie #1 well in Oklahoma, marking a key milestone in its Mississippi Lime development program.

Central Petroleum has agreed to sell its Northern Territory sub-salt exploration permits to Georgina Energy, gaining a 25% equity stake in the helium-focused explorer. The deal refocuses Central on conventional oil and gas while offering shareholders exposure to emerging helium and hydrogen prospects.

Omega Oil and Gas has inked a binding Letter of Intent with Helmerich & Payne for a cutting-edge drilling rig to spearhead its expansive 2026/27 Taroom Trough appraisal program, aiming to unlock significant unconventional gas and liquids resources.

Sparc Technologies teams up with Dulux Australia to apply their graphene-enhanced ecosparc® coating on the heritage-listed Cape Jaffa Lighthouse, marking a key step in commercialising advanced protective coatings.

Greenvale Energy Ltd has had its trading suspension lifted immediately following the release of a capital raise announcement, signaling renewed market activity for the energy company.

Metal Powder Works has secured a strategic partnership with Hardchrome Engineering, expecting USD 1-2 million in sales over the next year from innovative bronze alloy powders for laser cladding applications.

Greenvale Energy Ltd has voluntarily suspended its shares on the ASX to finalize a capital raising, with trading expected to resume following an imminent announcement.

Woodside Energy Group unveiled an ambitious growth strategy at its 2025 Capital Markets Day, targeting a net operating cash flow of around US$9 billion by the early 2030s, driven by key LNG and ammonia projects.