Australia Oil And Gas

Hydrix (ASX:HYD) completed the preliminary design review and delivered its first benchtop integration system to defence contractor NIOA.

The Group of Seven (G7) alliance announced an emergency plan to release 100 million barrels of crude oil and fuel products from strategic stockpiles.

Ampol (ASX:ALD) has entered into an agreement to acquire 100% of Fast Cities Australia, known as Evie Networks, for $225 million.

Eastern Gas (ASX:EGA) has signed an indicative non-binding term sheet with RiverFort Global Capital for a proposed R&D loan facility of up to $10 million.

Bounty Oil & Gas (ASX:BUY) has agreed to acquire PetroQuest Liberia Deep Water and secured $3.6 million in placement commitments.

Jade Gas (ASX:JGH) has launched an exploration initiative targeting deeper gas-bearing horizons beneath the shallow coal seams at its flagship TTCBM Project.

The federal Opposition has unveiled a proposal to halve the fuel excise if crude oil reaches US$100 a barrel over a two-week rolling average.

Central Petroleum (ASX:CTP) increased its 2026 financial year sales revenue by 3% to $44.7 million.

Omega Oil & Gas (ASX:OMA) has secured preferred tenderer status for a 1,138km2 petroleum land release area in Southern Queensland.

AXP Energy (ASX:AXP) recorded a production rate of approximately 55 barrels of oil equivalent per day during a controlled 10-day flow test at its Charlie #1 well.

Santos (ASX:STO) executed a 10-year LNG supply deal with POSCO Steel and a 20-year non-binding agreement to purchase 1 million tonnes annually from Canada's proposed Ksi Lisims LNG project.

Reserve Bank of Australia Assistant Governor Sarah Hunter warned that crude oil reaching US$102 a barrel increases inflation risks above the target range of 2% to 3%.