Energy

Buru said Sproule ERCE, with an effective date of 31 August 2026, estimated 2P reserves at Rafael of 15.25 MMboe, comprising 65.7 billion cubic feet of sales gas, 98.5 kilotonnes of LPG and 2.9 million stock tank barrels of condensate. Proved (1P) reserves are …

The actuator was built in the Basque Country in three modular sections, which will be reassembled on the quayside, launched and towed to Carnegie's berth at BiMEP. The company describes the project as an 80 kilowatt rated scaled demonstrator.

Total production in the quarter was 121.5 thousand barrels of oil equivalent, down from 138.1 thousand barrels in the previous quarter. The company said Brent crude averaged about US$96 per barrel for the quarter and about US$125 per barrel over the first three weeks …

NuEnergy holds a 45 per cent interest in the Tanjung Enim production sharing contract, which covers 249.1 square kilometres and is operated by Dart Energy. The first Plan of Development covers 33 square kilometres. Construction began in August 2026, and the company said early …

The company said Fredon was awarded several packages of work at the National Security Office Precinct, with Lendlease as the client. The packages total $134 million, made up of $101 million in mechanical works and $33 million in high voltage infrastructure works. Work is …

Cash receipts from customers were $32.5 million, up 12 per cent on the previous quarter. Net operating cash flow was an outflow of $0.4 million ($392,000), which the company attributed mainly to working capital needed for new contracts at its Brockman Engineering business. Investing …

According to the report, deconstruction, packing and shipment preparation continued through the quarter. On 10 August 2026 the parties extended the scheduled delivery date to accommodate vessel scheduling, and on 27 September 2026 a letter agreement amended payment terms, producing a US$10m payment to …