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East Africa remains oil and gas exploration hot spot

By: David D‘ Oliveira     Updated 7 hours ago East Africa is still an oil and gas exploration hotspot on the continent, with significant finds in Uganda, Tanzania and, more recently, in Kenya, says environmental, health, safety, risk and social consulting services provider Environmental Resources Management (ERM). ERM sub-Saharan Africa MD... 

Gas industry stakeholders highlight sector benefits, challenges

By: David D‘ Oliveira     Updated 7 hours ago The development of a gas industry in South Africa could result in gross domestic product (GDP) growth of between 3% and 9.6%, which could contribute significantly to South Africa’s fiscus, stated oil and gas major Shell South Africa upstream manager Niall Kramer at the Joburg Indaba last month.... 

Gas industry  stakeholders  highlight sector  benefits, challenges
Photo by Duane Daws
NIALL KRAMER The development of a gas industry in South Africa could result in gross domestic product growth of between 3% and 9.6%

Natural gas a big GHG contributor

By: David D‘ Oliveira     Updated 7 hours ago As indicated in President Jacob Zuma’s June State of the Nation Address, South Africa is serious about integrating natural gas into the country’s energy mix. This, however, could have unexamined consequences on South Africa’s contribution to global warming, as is the case in the shale gas-centric... 

Natural gas a big GHG contributor
Photo by Bloomberg
SHALE GAS FACILITY Studies have shown that many natural gas wells in the US have methane gas leakages of more than 9%

A$1.2bn Persephone investment approved - Woodside

By: Esmarie Swanepoel ASX-listed Woodside and its joint venture (JV) partners in the North West Shelf project have approved the development of the Persephone project, offshore Australia. The project, which would require a total investment of A$1.2-billion, would involve a twowell, 7 km subsea tieback from the... 

Woodside adds more acreage in Africa

By: Esmarie Swanepoel Australian oil and gas major Woodside has again increased its foothold in Africa, announcing on Wednesday that it had entered into a contract for a reconnaissance licence offshore Morocco. The company told shareholders that it had entered into an exclusive contract with the national oil company... 

Ineos plans $1bn investment in UK shale gas

By: Reuters Swiss chemicals group Ineos announced on Thursday plans to invest $1-billion in shale gas exploration in Britain as efforts to emulate the US shale boom ramp up. The potential investment, which is subject to the company winning all the government exploration and development licences it has bid... 

Ineos plans $1bn investment in UK shale gas

TransCanada sees crude-by-rail investment even if Keystone built

By: Reuters TransCanada is in talks to get into the crude-by-rail business and will probably do so even if its long-delayed Keystone XL pipeline gets its US permits next year, its chief executive said on Wednesday. While Canada’s number-two pipeline operator has not yet signed any definitive agreements, it... 

New South Wales releases more details of CSG overhaul

By: Esmarie Swanepoel The New South Wales government has released more details regarding its proposed new gas plan, revealing this week that the Office of Coal Seam Gas (OCSG), within the Division of Resources and Energy, would be responsible for assessment of all coal seam gas (CSG) exploration applications. Last... 

US House passes Keystone bill 

By: Reuters The Republican-led US House of Representatives approved the Keystone XL pipeline on Friday, but a similar measure struggled to get enough support in the Senate and President Barack Obama indicated he might use his veto if the bill does get through Congress. The legislation, approved by 252 votes... 

US House passes Keystone bill

Public get a vote on GLNG expansion

By: Esmarie Swanepoel The Queensland Coordinator-General has released the draft environmental impact statement (EIS) of the proposed expansion of the Gladstone liquefied natural gas (GLNG) project for public comment. The $18.50-billion GLNG project, being developed by Australian major Santos and its joint venture... 

Metgasco hopes for Ministerial liaison

By: Esmarie Swanepoel ASX-listed Metgasco has told shareholders that it would seek a meeting with New South Wales Resources and Energy Minister Anthony Roberts, after the state government’s announcement that it would reform its coal seam gas (CSG) industry. Earlier this year, Metgasco turned to the Supreme Court... 

Australia to regain coal-export crown by 2030  

By: Esmarie Swanepoel An overnight report released by the International Energy Agency (IEA) has revealed that Australia would play a major role in meeting the world’s growing energy demands, specifically in coal and uranium. In its ‘World Energy Outlook 2014’, the IEA predicted that world primary energy demand would... 

Australia to regain coal-export crown by 2030

Oil and gas Australia’s highest value-add industry – report  

By: Esmarie Swanepoel A new report by PwC has identified the Australian oil and gas sector as one of the country’s highest value-adding industries. The report, commissioned by the Australian Petroleum Production & Exploration Association (Appea), revealed that for every dollar of production, the oil and gas sector... 

New South Wales unveils coal seam gas plan

By: Esmarie Swanepoel The New South Wales government on Thursday announced plans to pause, reset and restart gas exploration in the state, implementing a strategic framework to deliver a well-regulated coal seam gas (CSG) industry. Resources and Energy Minister Anthony Roberts noted that the freeze on assessing new... 

New South Wales unveils coal seam gas plan

Sasol pursuing flexible US cracker funding plan to leave GTL headroom 

By: Terence Creamer In a reversal of traditional foreign-investment flows, an African company is poised to make the largest-ever capital investment into the southern US State of Louisiana, with a second, even bigger, investment under investigation. JSE-listed energy and chemicals group Sasol is poised to invest... 

Sasol pursuing flexible US cracker funding plan to leave GTL headroom
The existing Lake Charles facility where Sasol already has a 455 000 t/y operational ethane cracker

LNG exports help to lower emissions while driving economic growth  

By: Esmarie Swanepoel The Australian Petroleum Production & Exploration Association (Appea) has welcomed a report by advisory firm Deloitte Access Economics, that shows international action on climate change must recognise the link between carbon emissions and economic output. The report, titled ‘Emissions metrics:... 

Tap Oil starts production at Thai project

By: Esmarie Swanepoel Junior Tap Oil has reported the first production from its flagship Manora oil development in the northern gulf of Thailand, returning the company to producer status. Production from two wells was progressively being ramped up from an initial combined rate of 2 200 barrels a day to peak at 15 000... 

Far makes another discovery offshore Senegal

By: Esmarie Swanepoel Africa-focused oil and gas explorer Far has announced a second oil discovery offshore Senegal. The well is located at a depth of 1 100 m, is around 100 km offshore, and has a targeted total depth of around 3 000 m. 

Struggling miners see silver lining in FX, cheaper oil

By: Reuters Global mining companies stung by slumping commodity prices are looking forward to a modest consolation prize - weaker local currencies and falling oil prices that will help trim their costs. Metal prices have plunged to multi-year lows as the US dollar strengthened against a basket of... 

Concerted policy push required to unlock Australia’s energy reserves

By: Esmarie Swanepoel The Business Council of Australia on Monday called for concerted policy action to unlock the country’s energy reserves and to allow Australia to compete with other energy-rich nations in supplying world demand. “Governments, the community and business need to work collaboratively to achieve a... 

Concerted policy push required to unlock Australia’s energy reserves

India hopes for 75% increase in natural gas production

By: Ajoy K Das Striking a glimmer midst overall gloom of energy shortage across the country, India’s Petroleum Ministry has forecast an estimated 75% increase in natural gas production over the next five years to between 163-million and 175-million standard cubic metres a day, up from 100-million cubic metres a... 

Fracking inquiry puts South Australia’s ‘hard-earned’ reputation at risk – Appea 

By: Esmarie Swanepoel The Australian Petroleum Production & Exploration Association (Appea) on Friday warned that the Liberal Party was risking damaging investor confidence in South Australia, with its recent calls for a Parliamentary inquiry into hydraulic fracturing, or fracking. The plea was expected to be tabled... 

Fracking inquiry puts South Australia’s ‘hard-earned’ reputation at risk – Appea

Baseload coal bidding to begin this year, cogen to follow 

By: Terence Creamer The bidding process for the long awaited ‘baseload coal’ independent power producer (IPP) procurement programme is expected to begin this month, followed by a bidding process in early 2015 for cogeneration. Speaking at a South African National Energy Association dialogue this week, National... 

Baseload coal bidding to begin this year, cogen to follow
Photo by Duane Daws
National Treasury senior project advisor Karen Breytenbach

Shell seeks clarity from Pasa, DMR on processing of shale-gas applications 

By: Terence Creamer Energy group Shell confirmed on Wednesday that the company had received notification from the Petroleum Agency South Africa (Pasa) that its applications for three exploration rights in the Karoo, which had been submitted in 2009, were being processed. But Shell South Africa Marketing chairperson... 

Shell seeks clarity from Pasa, DMR on processing of shale-gas applications
Photo by Duane Daws
Shell South Africa Marketing chairperson Bonang Mohale

Shell says SA could recoup LNG terminal costs within four years 

By: Terence Creamer Energy multinational Shell says South Africa would be able to recoup the capital costs associated with a liquefied natural gas (LNG) import terminal within three to four years by using the gas to replace diesel at Eskom’s open-cycle gas-turbines (OCGT) in the Western Cape. The electricity utility... 

Shell says SA could recoup LNG terminal costs within four years
Photo by Duane Daws
Shell LNG business development manager John Shoobridge

Queensland’s Douglas Shire Council opposes coal seam gas

By: Esmarie Swanepoel The Douglas Shire Council, in far north Queensland, has thrown its support behind an anti-fracking lobbying group to oppose coal seam gas (CSG) mining in the region. An ordinary council meeting on Wednesday passed a resolution for the Douglas Shire to be a “Lock the Gate” supportive shire, with... 

India’s ONGC to commence exploratory drilling in Cambay

By: Ajoy K Das Bringing one of its oldest assets back in focus, Indian oil exploration and production (E&P) major ONGC Limited would start a new exploration drive at Cambay Basin in the western coastal province of Gujarat. ONGC has decided to drill 103 new exploratory wells in the upper northern reaches of... 

Glencore's Q3 ferrochrome, coal, oil, copper production up

By: Martin Creamer The South Africa-centred ferrochrome production of diversified miner Glencore lifted in the third quarter, as did its global coal, oil and copper production. The London-, Hong Kong- and now also Johannesburg-listed global mining and marketing company, headed by CEO Ivan Glasenberg, said that its... 

Glencore's Q3 ferrochrome, coal, oil, copper production up
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

Falcon Oil & Gas steps closer to obtaining S Africa shale drilling licence  

By: Henry Lazenby The Petroleum Agency of South Africa (Pasa) has notified TSX-V- and Aim-listed energy explorer Falcon Oil & Gas of its  decision to proceed with the processing of the company's application for a shale gas exploration licence in South Africa's Karoo basin. Falcon said in a statement on Monday the... 

APLNG still on track for mid-2015 production

By: Esmarie Swanepoel The $24.7-billion Australia Pacific liquefied natural gas (APLNG) was on track to produce its first LNG by mid-2015, project developer Origin Energy’s LNG CEO, David Baldwin, said on Thursday. Full production from both trains were expected by the end of 2016. 

Sherritt International posts Q3 loss, cuts into workforce

By: Henry Lazenby TSX-listed nickel and cobalt producer Sherritt International will cut its salaried workforce by 10%, excluding employees at its Ambatovy nickel and cobalt mine, in Madagascar, as part of its company-wide restructuring process. Sherritt, which had started a process to sell its Toronto head-office... 

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