Queensland Archives - Oil & Gas 360

Comet Ridge acquires Santos stake, takes 100% control of Mahalo Gas Hub

August 24, 2026

(World Oil) – Comet Ridge has completed the acquisition of Santos’ 42.86% interest in the Mahalo Gas Project, giving the company 100% ownership and operatorship of the broader Mahalo Gas Hub in Queensland. The transaction follows an agreement announced in December 2025 and amended in May 2026. Comet Ridge paid Santos A$24.42 million in cash and issued 83.78 million Comet Ridge shares as

Taroom: Australia’s new oil play

April 17, 2026

(By Oil & Gas 360) – Queensland’s Taroom Trough is quickly emerging as one of the most closely watched new oil developments in the developed world, not just for its resource potential, but for how aggressively it is being positioned for development. After decades without a major new onshore oil province, Australia may be on the verge of bringing a new

Queensland opens up Australia’s first major new oil province in 50 years

February 10, 2026

(Oil Price) – The Queensland government has appointed its preferred tenderers to explore for oil and gas in the Taroom Trough, in a move to potentially open Australia’s first new major hydrocarbon province since the 1970s. The Queensland government announced on Tuesday it is awarding exploration rights to Omega TN Pty Ltd, Tri-Star Stonecroft Pty Ltd, and Drillsearch Energy Pty Ltd to drill

Queensland

Comet Ridge acquires Santos stake, takes 100% control of Mahalo Gas Hub

Taroom: Australia’s new oil play

Queensland opens up Australia’s first major new oil province in 50 years

Premium Content