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APLNG pushes Origin production

By: Esmarie Swanepoel With the start of shipments from the Australia Pacific liquefied natural gas (APLNG) project in January, producer Origin Energy on Friday reported a 12% increase in production for the three months to March, compared with the previous quarter. Origin reported production of 60.9 PJe during the... 

Companies bought to enhance training offering

Training, supply and management group Workforce Holdings announced in January that it had acquired the various operating companies comprising outsourcing solutions providers Quyn Outsource Solutions. Workforce has predominantly placed staff in nontechnical positions and adding Quyn to its service... 

Companies bought to  enhance training offering
Photo by Bloomberg
SKILLS OFFERING EXPANDED Quyn Outsource Solutions’s e provision of technical skills to clients across a range of industries represents diversification for Workforce

Hydrogeological investigation studies enviro impact of fracking

By: Ilan Solomons South Africa’s groundwater resources play a significant role in the domestic water supply and are often the sole source of water available to local municipalities and farmers in the arid Karoo basin. The possible existence of large reserves of shale gas within the Karoo Supergroup, which covers... 

Hydrogeological investigation studies enviro impact of fracking
TESTING THE WATERS The project entails drilling a 3.5 km vertical borehole in the Beaufort West area to gather information on the deep Karoo Supergroup stratigraphy and hydrogeology

Mineworkers empowered

By: Kimberley Smuts If workers in the mining, energy and construction industries want to improve their financial situation, it is important that they take advantage of the financial literacy programmes currently being rolled out by financial assistance provider Mineworkers Investment Trust (MIT), which supports... 

Mineworkers empowered
Photo by Bloomberg
INVESTING FOR THE FUTURE The Mineworkers Investment Trust's financial literacy training started in Mpumalanga as a pilot study in June 2015 with more training expected to take place this year

Society aims to integrate more students into mining sector

By: Kimberley Smuts The University of Witwatersrand's Students Mining Engineering Society (SMES) aims to increase the integration of mining engineering graduates into the mining industry this year, as well as to encourage mining engineering students to have an opinion on mining-related issues in South Africa. SMES... 

Society aims to integrate more students into mining sector
FORTUNE MSIBI Mining engineering students face the challenge of a lack of available jobs in the sector, as a result of South Africa’s financial crisis

India to hit the road to woo investors for oil, gas

By: Ajoy K Das India will commence with road shows in the next month to woo domestic and foreign investors to participate in the auctions of marginal oil and gas fields across the country. An inter-Ministerial group led by the Petroleum and Natural Gas Ministry was expected to meet early next week to finalise... 

Beach sees 5% revenue drop despite production, sales increase

By: Esmarie Swanepoel Oil and gas producer Beach Energy has reported a 5% drop in revenue for the three months to March 31, despite an increase in production and sales volumes. On the back of a 9% decrease in oil prices between December and March, Beach’s revenue fell from A$126.4-million to A$119.7-million. 

An oil province off South Australia would be beneficial – Appea

By: Esmarie Swanepoel The Australian Petroleum Production & Exploration Association (Appea) on Thursday told a Senate hearing that the development of an oil province in the Great Australian Bight would deliver benefits to both South Australia and Australia as a whole. A Senate committee was tasked in February to... 

Sherritt widens headline loss as low oil, metals prices hurt Q1 financials

By: Henry Lazenby Diversified miner Sherritt International has reported a 79% wider adjusted loss year-on-year in the first quarter, as nickel, cobalt and oil prices have plunged during the period. Excluding special items of about C$79.1-million, Toronto-based Sherritt recorded an adjusted loss of... 

Beach taps into more cost savings following merger

By: Esmarie Swanepoel Australian oil and gas producer Beach Energy has revealed annual cost savings of up to A$40-million for the 2017 financial year, following an earlier merger with Drillsearch Energy. However, the ASX-listed company has warned that further job cuts were to be expected. 

Teck reports surprise profit as steelmaking coal, zinc prices turn north

By: Henry Lazenby Canada’s largest diversified miner Teck Resources has reported a surprise profit for the three months ended March 31, reporting headline earnings attributable to shareholders of $18-million, or $0.03 a share, compared with a forecast loss of $0.03 a share. Vancouver-based Teck, the largest... 

Consol swings to Q1 loss owing to lower prices, revenues

By: Henry Lazenby US fossil fuels producer Consol Energy has swung to a first-quarter loss as lower realised prices for its natural gas and coal products drove down revenues. For the first quarter ended March 31, NYSE-listed Consol reported a net lost $97.6-million, or $0.43 a share, compared with a profit of... 

World Bank does not see platinum rally being sustained

By: Terence Creamer The World Bank does not expect the recent rise in platinum prices to be sustained for the full year, with its latest ‘Commodity Markets Outlook’ report forecasting a 10% year-on-year price decline in 2016. The report, released on April 26, notes that precious metals prices increased by 6% in the... 

World Bank does not see platinum rally being sustained

Freeport loss doubles as low prices bite

By: Henry Lazenby US diversified miner Freeport McMoRan has booked a $3.8-billion write-down of the carrying value of its oil and gas properties, on the back of lower West Texas Intermediate prices. The company reported a net loss attributable to common stock totalling $4.2-billion, or $3.35 a share, for... 

Market slowdown sinks Precision Drilling’s Q1 performance

By: Henry Lazenby A marked decline in business activity during the quarter ended March 31 has pushed North American oil and gas industry services provider Precision Drilling’s earnings into negative territory, forcing it to suspend its dividend. The Calgary, Alberta-based company on Monday reported that activity... 

Santos lifts Q1 output, revenue flat in low price environment

By: Esmarie Swanepoel Australian oil and gas major Santos on Friday reported an 11% increase in production during the first quarter of 2016, compared with the previous corresponding period. The ASX-listed company reported that total production for the three months to March reached 15.6-million barrels of oil... 

Producers welcome east coast gas inquiry report, green groups concerned

By: Esmarie Swanepoel While the Australian Petroleum Production and Exploration Association (Appea) has welcomed the recommendations made by the Australian Competition and Consumer Commission (ACCC) in its East Coast Gas Inquiry, greens groups have labelled the report as “confused”. The ACCC on Friday released a... 

Producers welcome east coast gas inquiry report, green groups concerned

Woodside output and sales fall

By: Esmarie Swanepoel Australian oil and gas producer Woodside has reported lower production and sales revenue in the three months ended March, as the North West Shelf asset, in Western Australia, delivered lowered oil volumes. Volumes decreased from the Vincent field owing to field decline, and at the Balnaves... 

Oil Search reports record quarter

By: Esmarie Swanepoel Oil and gas major Oil Search on Tuesday reported record production for the March quarter, as its Papua New Guinea liquefied natural gas (PNG LNG) operation delivered above expectations. Total production during the quarter reached 7.72-million barrels of oil equivalent, up 3% on the previous... 

Magnolia LNG gets regulatory approval

By: Esmarie Swanepoel A subsidiary of ASX-listed Liquefied Natural Gas (LNG), Magnolia LNG has received regulatory approval to start production and export of natural gas from its operations in Louisiana, in the US. The Federal Energy Regulatory Commission has authorised Magnolia to construct and operate its... 

Denham Capital seeks upside advantage during downturn

By: Simon Rees With most metals reaching a bottom, and many of the ‘zombie juniors’ finally laid to rest, opportunities for private-equity companies to find value and upside potential in the mining space have continued to grow. Seeking to tap into these opportunities, private equity firm Denham Capital was... 

Denham Capital seeks upside advantage during downturn

Sunbird announces transaction to sell assets to South African consortium

By: Esmarie Swanepoel South Africa-focused Sunbird Energy has signed a conditional agreement with a South African consortium to divest of its noncash assets for A$8.5-million. The assets include a 74% interest in the Mopane, Springbok Flats and Springbok Flat West coal-bed methane projects, as well as its 76%... 

Sunbird announces transaction to sell assets to South African consortium

Queensland bans underground coal gasification over environmental risks

By: Esmarie Swanepoel The Queensland government on Monday banned underground coal gasification (UCG) over fears of its environmental impact. State Development and Natural Resources and Mines Minister Dr Anthony Lynham said that legislation to ban the UCG process would be introduced before the end of the year. 

Queensland bans underground coal gasification over environmental risks

Energy sector gets ARC funding

By: Esmarie Swanepoel The competitiveness of Australia’s oil and gas sector has been given a boost with federal funding for research. The Australian Research Council (ARC) on Monday announced that it would spend A$4.9-million and A$4.5-million respectively to fund the ARC Research Hub for Offshore Floating Facilities... 

Woodside keen to follow Qld LNG producers’ maintenance coordination lead

By: Esmarie Swanepoel Australian oil and gas producer Woodside would look at greater cooperation between liquefied natural gas (LNG) operators in Western Australia and the Northern Territory, after the Australian Competition and Consumer Commission (ACCC) this week authorised LNG operators on the east coast to... 

Woodside keen to follow Qld LNG producers’ maintenance coordination lead

FAR raises A$60m for exploration

By: Esmarie Swanepoel ASX-listed oil and gas explorer FAR has completed a A$60-million raising. The company placed about 705.8-million shares to institutional and sophisticated investors, priced at 8.5c a share. The pricing represented a 6.6% discount to FAR’s last closing price on April 12 and an 11.2% discount to... 

Ichthys closer to completion - Inpex

By: Esmarie Swanepoel Construction of the A$10-billion Ichthys liquefied natural gas (LNG) project, offshore Western Australia, was some 81% complete, and the project was on track for first LNG production in the third quarter of 2017. Energy major Inpex Corporation’s project manager for the Ichthys project, Louis... 

GLNG reaches another milestone

By: Esmarie Swanepoel The $18.5-billion Gladstone liquefied natural gas (GLNG) project, in Queensland, on Friday loaded its twenty-fifth LNG cargo for export. The GLNG project shipped its first LNG cargo in October last year, after production from its first LNG train started in September. 

Middle East, North Africa on mining periphery despite hosting 30% of the world’s minerals

By: Ilan Solomons Despite having more than 30% of global mineral reserves, the Middle East and North Africa (MENA) region severely lacks exploration and resource development investment. The region’s mining industry is facing several challenges such as social and environmental pressure from communities living near... 

Middle East, North Africa on mining periphery despite hosting 30% of the world’s minerals

NT keen to make progress with fracking regulations

By: Esmarie Swanepoel The Northern Territory government was hoping to introduce hydraulic fracturing (fracking) recommendations made in a 2015 independent inquiry into regulation. Speaking on the sidelines of the 18th liquefied natural gas (LNG) conference, in Perth, Northern Territory deputy Chief Minister Peter... 

NT keen to make progress with fracking regulations

Unconventional gas key to Australian economy – Minister

By: Esmarie Swanepoel Federal Resources and Energy Minister Josh Frydenberg said on Wednesday that unconventional gas extraction was an important part of Australia’s economy. Speaking on the sidelines of the 18th liquefied natural gas (LNG) conference, in Perth, on Wednesday, Frydenberg noted that about 40% of gas... 

Unconventional gas key to Australian economy – Minister

Lithium Americas aligns with key strategic market movers

By: Henry Lazenby Mere weeks after forming a 50/50 joint venture (JV) with global chemicals company Sociedad Química y Minera de Chile (SQM) to develop the significant Cauchari-Olaroz lithium project in Jujuy, Argentina, Canadian project developer Lithium Americas (LAC) has signed a nonexclusive memorandum of... 

Lithium Americas aligns with key strategic market movers

No room for complacency in capturing resources investment – Australia PM

By: Esmarie Swanepoel Australian Prime Minister Malcolm Turnbull has acknowledged that the Australian government needed to do more to provide a secure and attractive investment environment for global resources companies. Opening the eighteenth liquefied natural gas (LNG) conference, in Perth, on Tuesday, Turnbull... 

No room for complacency in capturing resources investment – Australia PM

Australia needs competitive offering for LNG projects – CEOs

By: Esmarie Swanepoel Oil and gas majors Chevron and Royal Dutch Shell have called for more competitive conditions to ensure that Australia remained at the forefront of the liquefied natural gas (LNG) industry. Chevron CEO John Watson said on Tuesday that Australia’s LNG industry was facing stiff competition from a... 

Barnett defends WA’s gas reservation policy

By: Esmarie Swanepoel Western Australian Premier Colin Barnett has defended the state’s gas reservation policy, saying a similar approach in different states could assist with the development of coal seam gas (CSG) resources. Speaking at the opening of the 18th liquefied natural gas (LNG) conference, in Perth, on... 

China's LNG demand dependent on policy environment

By: Esmarie Swanepoel A new report from the Department of Industry, Innovation and Science has revealed that China’s demand for imported liquefied natural gas (LNG) could increase to 38% by 2030, depending on the government’s policy changes. “China faces major challenges as it seeks to rebalance its economy from... 

Browse delay an economic decision - Coleman

By: Esmarie Swanepoel Australian oil and gas major Woodside CEO and MD Peter Coleman said on Tuesday that the decision to shelve the Browse liquefied natural gas (LNG) project earlier this year, was simply an economic one. “Of course there was some social licence to operate things that we were aware of and were of a... 

Browse delay an economic decision - Coleman
Woodside CEO and MD Peter Coleman

Woodside extends partnership with Kogas

By: Esmarie Swanepoel Australian oil and gas major Woodside Energy has extended its partnership with Korea Gas Corporation (Kogas), signing a memorandum of understanding (MoU) on Monday. The MoU renewed a partnership that has been in place since 2011, and promoted further cooperation between the two companies on a... 

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