Why there’s still room for oil to go higher

Metgasco, through the result of the independent certification of contingent resources, has certified 36.4 billion cubic feet (Bcf) of gross 2C contingent resources in the Odin Field in the Cooper Basin.  ERC Equipoise independently certified the

Bass Oil has secured funding to complete the Cooper Basin acquisition, which will see the company acquire four tenements in the Basin from Cooper Energy. The transaction was conditional on a capital raising to fund the

Buru Energy has reported that the 20-inch surface conductor at the Rafael 1 well, in Western Australia, was successfully set at 130 metres measured depth, and the well has been drilled ahead to section depth of

Leigh Creek Energy (LCK) has been awarded petroleum exploration licence 676 in key South Australian Cooper Basin oil and gas acreage. South Australian Minister of Energy and Mining Dan van Holst Pellekaan awarded the petroleum exploration license

Norwest Energy has reported that the immediate section to 3097m at the Lockyer Deep-1 well was cased and cemented for the Western Australian project. Drilling beyond the casing show commenced on Saturday, with the well set

Cooper Energy has hit record full-year production, sales volume and revenue following the commencement of the Sole gas sales agreements (GSAs) and improving performance at the Orbost gas processing plant (OGPP). Outlined in the company’s 2021

Buru Energy has advised that the Ensign 963 drilling rig is currently being rigged up at the Rafael-1 well location after being moved the Currajong-1 well in the Canning Basin, Western Australia. The operation is on

Woodside has confirmed it is in discussions with BHP about a potential merger involving BHP’s entire petroleum business. The company advised that it continuously reviews the composition of its asset portfolio and opportunities to create and

Triangle Energy has extended the cut off date for the sale and purchase agreement with Key Petroleum to acquire its 50 per cent interest in production licence L7(R1) and its combined 86.94 per cent interest in

Bennett Resources is proposing to undertake an unconventional exploration drilling and hydraulic fracture stimulation program within petroleum exploration permit EP 371 in the Canning Basin, Western Australia. The proposed Valhalla gas exploration and appraisal program area

Comet Ridge has advised it is waiting for word from the New South Wales Government for the intentions on the renewal of PEL 6 and PEL 427 after the Future of Gas Statement was published last

Galilee Energy managing director David King has described the second quarter as a busy quarter of activity, with the company reaching a significant milestone at its Glenaras gas project . “We reached a milestone with the

Leigh Creek Energy (LCK) has acquired the generators required for the upstream commercialisation of the Leigh Creek Energy project (LCEP) in South Australia. The company has secured the Siemens power generators from Drivetrain Australia to supply

Central Petroleum and its joint venture partner are running a competitive tender process to select an infrastructure provider to deliver the gas processing facilities required to support the Range gas project, Queensland. A number of proposals

Strike Energy has commenced the 140km Maior 2D seismic program over the South Erregulla project, Western Australia. The seismic campaign, which is designed to define the final well location for the South Erregulla-1 (SE1), which is set

Tamboran Resources and Santos have completed drilling the vertical hole and build section of the Tanumbrini 2H (T2H) well in the Beetaloo Basin, Northern Territory. The joint venture spud the well on May 11, 2021, with