Proactive Australia‘s latest segment explores the oil and gas sector’s outlook for 2025, highlighting its ongoing role in the global economy.
Despite the push for greener technologies, oil and gas remain crucial for industries like transportation, power generation and petrochemicals, driven further by rising energy demands from sectors such as artificial intelligence.
Australia’s energy sector, a major exporter of oil, gas and coal, offers stable returns through ASX-listed companies.
Key updates from notable players include:
Buru Energy Ltd (ASX:BRU, OTC:BRNGF) focused on advancing the Rafael Project, streamlining operations by reducing its Canning Basin footprint, and progressing divestment plans for its subsidiaries. Commercial agreements are anticipated by early 2025.
Brookside Energy Ltd (ASX:BRK, OTC:RDFEF) prioritised inventory growth and selective drilling in the Anadarko Basin of Oklahoma, planning three horizontal wells in 2025. The company aims to ensure operational and financial resilience amid market challenges.
Empire Energy Group Ltd (ASX:EEG, OTC:EEGUF)drilled and cased the Carpentaria-5H well in the Beetaloo Basin and enhanced liquidity …