Latest News

Beetaloo first gas a major milestone for the Territory and Australia

02/09/2026 Posted by Rachel

Australian Energy Producers Media release, 1 September 2026

First gas from the Beetaloo Basin today marks a major milestone for Australia’s energy security and the Northern Territory economy.

The start of production from Tamboran’s Shenandoah South development is the culmination of years of exploration, investment and rigorous assessment and provides a glimpse of what larger-scale development of the basin could deliver.

Australian Energy Producers Chief Executive Samantha McCulloch said the Beetaloo was a globally significant resource that had the potential to attract billions of dollars of investment, create thousands of jobs and generate new opportunities for local businesses, contractors and regional communities.

Amplitude Energy Spud Juliet-1, offshore Victoria

02/09/2026 Posted by Rachel

On August 24, Amplitude Energy announced they had commenced drilling Juliet-1 in Victoria waters, targeting 48.8 Bcf prospective gas resource with an 84% success probability. The well, in joint venture with O.G. Energy, aims to evaluate gas quality and potential development, with results expected in 20-25 days.

Juliet-1 is an exploration well located in permit VIC/L24 within Commonwealth waters, adjacent to the existing Casino, Henry, Netherby (CHN) pipeline.

The Juliet prospect is supported by high Waarre C reservoir amplitudes, and a clear ‘flat spot’ at approximately 2,300m True Vertical Depth Sub-Sea (TVDSS) implying gas-water contact, both of which contribute to a probability of geological success of 84% (as reported by Amplitude Energy).

Gold Hydrogen Announce Ramsay 2 Flow Test Results

02/09/2026 Posted by Rachel

Following up on the announcement last month of success at Ramsay 1, Gold Hydrogen have announced the flow test results from Ramsay 2, the second well being tested as part of their 2026 campaign.

Ramsay 2 is reported to have delivered up to 20% helium purity, matching the impressive 19% previously achieved at Ramsay 1. Ramsay 2 achieved raw gas rates up to 128 million standard cubic feet per day and helium rates up to 24.3 million, with performance limited only by pump capacity not the reservoir.

AAPG Distinguished Lecture Series Access

02/09/2026 Posted by Rachel

The Distinguished Lecture (DL) Series is an AAPG program led by subject matter experts from industry-leading companies and universities who present abstracts and lead discussions on timely geological findings, discoveries, new trends, and more. The series is available to watch on-demand, but you can also request that a distinguished lecturer present as a guest at your school or university.

PESA members are allowed to register for the AAPG DL recorded public sessions and are allowed to schedule a live virtual talk with Q&A or an in-person session (in-person requests must meet criteria).

Omega Announce the results of Taroom Trough Appraisal Well

02/09/2026 Posted by Rachel

Omega oil and gas have announced the results of their appraisal well Canyon-3 in the eastern Taroom Trough. Reporting to market on 24 August, Omega advised that results have exceeded expectations and provided strong evidence for a large-scale oil and gas province in the basin.

Highlighted results:

Results from Canyon-3, the first well in Omega’s extensive 2026/27 drilling program, have exceeded expectations and provided strong evidence for a large scale, internationally significant, oil and gas province in the eastern Taroom Trough

Canyon-3 reached a total depth of 3,792.

Australia’s Exploration Disconnect: Why Higher Oil Prices No Longer DriveInvestment

02/09/2026 Posted by Rachel

Elio Lanzilli is a senior petroleum geoscientist with over 25 years of experience across exploration, appraisal and development in numerous Asia–Pacific geological provinces, including the North West Shelf, Bonaparte Basin, Cooper Basin, Indonesia and PNG. With a PhD in sedimentology and sequence stratigraphy, his career began mapping the PNG foreland—an experience that shaped his practical, field‑driven approach to subsurface problem‑solving.

He recently completed his tenure as PNG Exploration Manager at Santos and is now establishing LZRG, a subsurface advisory practice aimed at supporting operators in exploration risk and opportunity.

Australia’s Energy Commodity Resources 2026 now available

21/08/2026 Posted by Rachel

On August 10 2026, it was announced that Australia's Energy Commodity Resources 2026 was now available. Geoscience Australia’s latest edition of the Australia’s Energy Commodity Resources (AECR) publication confirms Australia’s position as a reliable, competitive and globally significant energy supplier, while highlighting the nation’s growing role in the clean energy transition.

Delivering a comprehensive assessment of the nation’s non-renewable energy resources as at the end of 2024, AECR 2026 reports that energy commodity exports generated $180 billion in export earnings in 2023–24 – around 27% of Australia’s total export earnings.

Australia ranked as the eighth highest primary energy producer across the globe, accounting for 2.7% of global energy commodity production in 2024.

Ikon Science unites Petrosys Group and Omnira Software under Ikon Science brand

21/08/2026 Posted by Rachel

Houston, TX –August 6, 2026 – Ikon Science today announced that Petrosys Group and Omnira Software have united under the Ikon Science brand, giving customers access to one of the industry’s most comprehensive software portfolios for the upstream energy sector.

The combined organization brings together complementary expertise spanning geoscience, subsurface data management, mapping, drilling workflows, reserves management, and asset development and optimization. Customers now have access to end-to-end solutions that support better decision-making and help maximize the value of their energy assets, backed by trusted technical expertise across the upstream lifecycle.

Francisco Morillo, CEO, Ikon Science, said: “Bringing together Ikon Science, Petrosys Group, and Omnira Software marks an important milestone in our evolution.

Novel research approach to evaluate Helium prospectivity in basement–basin systems

13/08/2026 Posted by Rachel

The MIG (Metal Isotope Group) from Adelaide University recently published an article: “In-situ Rb–Sr dating of crystalline basement beneath the Amadeus Basin, Australia: Implications for radiogenic helium generation, migration, and extreme ⁴He accumulation”.

This work focuses on evaluating the timing of the different geological events that affected the basement underlying the Amadeus Basin using laser-based analytical techniques and integrating these results into the "system events chart" for helium (He) and hydrogen (H) generation, migration, and accumulation.

The Amadeus Basin hosts one of the world’s most extreme helium-rich systems globally (~9% He), representing a rare endmember dominated by highly radiogenic helium (⁴He: ~97%), with very low ³He/⁴He ratios (~0.03 Ra). Unli

Macallum New Energy Limited Announce recent progress

12/08/2026 Posted by Rachel

On July 15, Macallum New Energy Limited (ASX:MNE) shared with the market an update on their seismic processing of data acquired during the Barberton 3D seismic survey within exploration permit EP-494 in the onshore North Perth Basin.

Completed in May 2026, the Barberton 3D seismic survey acquired 117km2 of new 3D seismic data over two Jurassic aged gas leads, Yarra and Gadee, previously identified on existing 2D seismic data. Velseis in Brisbane are processing the survey data, with final products due in August.

MNE report that results from an interim fast-track data volume are positive, with the survey meeting its primary objective to provide a more complete subsurface image of the Yarra and Gadee gas leads.