News Articles

Oil & Gas 07 Nov 2025

Dorado ‘will be developed’: Carnarvon

Carnarvon Energy has once again voiced its disappointment at joint venture partner Santos over the stalled Dorado oil project off WA but remains confident the project will one day be built.

Oil & Gas 29 Oct 2025

Details cloudy on Strike-Hancock gas plan

Strike Energy and Hancock Prospecting are continuing work towards a final investment decision at the West Erregulla gas project, but the project's final form remains unclear.

Oil & Gas 22 Jul 2025

Carnarvon tips $88m into Strike for major stake

Carnarvon Energy will become the biggest shareholder in Perth gas play Strike Energy but despite this support, Strike's share price fell sharply today after a project update.

Oil & Gas 17 Mar 2025

Dorado delay prompts $125m cash splash

Dorado oil project minority owner Carnarvon Energy plans to hand cash back to shareholders, after the project's majority owner Santos deferred a final investment decision over the field.

Render of the Narrogin biorefinery proposal.

Energy 10 Mar 2025

Setback for Narrogin biorefinery

Approvals for a $200 million biorefinery in the Wheatbelt backed by the state government have been terminated.

Santos managing director Kevin Gallagher

Oil & Gas 21 Jan 2025

Santos defers Dorado again

Santos has again deferred a final investment decision at the Dorado joint venture project off the Western Australian coast, with no timeline given for a revised investment decision.

Bulls N' Bears 16 Aug 2024

Buru casts new leadership eyes across Canning Basin oil well

Hot on the heels of kicking off the oil well pad construction at the Rafael Shallow 1 project in Western Australia's Canning Basin earlier this week, Buru Energy has named David Maxwell as the company's new chairman. Maxwell will replace retiring chairman and founding shareholder Eric Streitberg, who is regarded as an industry stalwart after compiling a 50-year career.

Oil & Gas 29 Apr 2024

Dorado JV pushing for 2024 investment call

Carnarvon Energy hopes a final investment decision will be made on the Dorado oil project by the end of 2024, as the Santos-led joint venture explores cost reduction at the field.

Oil & Gas 26 Apr 2024

Lower base salary for new Carnarvon CEO

Carnarvon Energy's new chief executive Philip Huizenga will take a salary 20 per cent lower than his predecessor in the role, as the company rebuilds from a board overhaul last year.

Appointments 28 Mar 2024

Board Moves March 28, 2024

Our board moves wrap includes Michael McCormack, Don Lindsay, Ian Cockerill, Jeremy King, Mark Hohnen, Robert Black, Gavin Ryan, William Foster, Geoff Newman, Matt Freedman, Mark Connelly, Suzie Foreman, Jon McLoughlin, Nicole Duncan, Peter Sullivan, Rebecca Hayward, Gillian Swaby, Nick Cernotta, Susan Park, Mark Bolton, and Robert Klug.

Oil & Gas 21 Feb 2024

Santos reports 42pc profit drop

Oil and gas producer Santos recorded a 42 per cent fall in underlying profit in 2023 off a 24 per cent reduction in sales revenue, reflecting lower received prices and less production volume.

Appointments 18 Dec 2023

Board Moves December 18, 2023

Dr Simon Dominy will be resigning as the UK-based non-executive director of Artemis Resources on 9 January 2024.

Oil & Gas 18 Dec 2023

Shareholders overhaul Carnarvon board

The board of Carnarvon Energy has been overhauled by major shareholders, less than a week after the company put out a succession plan to guide the appointment of new directors.

Mining 12 Dec 2023

Carnarvon Energy directors to step down

Carnarvon Energy chair William Foster and director Gavin Ryan will step down from their roles next year, as part of the company's succession and renewal focus.

Oil & Gas 30 Aug 2023

Carnarvon vents at Santos over Dorado delays

Carnarvon Energy management has used the company's annual report to vent “personal frustration” over Dorado JV partner Santos' delay in announcing a final investment decision.

Deals 27 Jul 2023

Carnarvon’s $218m Taiwan sale approved

The Australian Foreign Investment Review Board has given developer Carnarvon Energy the all clear to offload a portion of its Dorado field project to Taiwan's national oil and gas enterprise.

Oil & Gas 10 Jul 2023

Carnarvon waits to clear foreign investment hurdle

Carnarvon Energy is waiting on approval from the Foreign Investment Review Board to sell a slice of its Dorado project to Taiwan's national oil and gas enterprise.

Oil & Gas 22 Feb 2023

Carnarvon sells Dorado stake

Carnarvon Energy has agreed to sell a 10 per cent stake in the Dorado gas field and neighbouring fields in a deal worth up to $US146 million.

Oil & Gas 17 Aug 2022

Blowout risks halt Dorado decision

Carnarvon Energy shares fell sharply after the explorer and joint venture partner Santos put a final investment decision for a significant WA oil development on ice.

Oil & Gas 05 Apr 2022

Santos secures licence for Dorado oil find

A major new oil project off Western Australia is a significant step for fuel security at a time of intense international volatility, the government says.

Oil & Gas 28 Mar 2022

Carnarvon seeks $70m for Dorado

Carnarvon Energy is chasing institutional backing to support its Dorado oil discovery last week, earning newcomer Barrenjoey Markets its second WA deal.

Oil & Gas 23 Mar 2022

Santos, Carnarvon in major oil find

Santos and its junior exploration partner Carnarvon Energy have struck a discovery believed to host 43 million barrels of oil east of Western Australia's Dorado field.

Appointments 04 Mar 2022

Board Moves March 4, 2022

Our board moves wrap includes Benjamin Donovan, Gavan Sproule, and Thomson Naude.

Bulls N' Bears 27 Jan 2022

Oil and gas industry pivots to hydrogen and clean energy

With the green energy revolution and particularly hydrogen gathering momentum at the same time that oil prices are enjoying a resurgence, many traditional oil and gas firms are conflicted in terms of priorities. The storage and sale of hydrogen is best undertaken by oil and gas firms and whilst many are attempting to dip their toe in the water, others are once again fixated on the burgeoning oil and gas price.