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BC introduces new two-tier tax on income from LNG facilities

By: Henry Lazenby The province of British Columbia this week introduced its much-anticipated legislation for a new two-tier tax on net income from liquefied natural gas (LNG) facilities. The legislation, which was originally announced in the provincial budget in February, introduced a two-tier income tax that... 

Diminishing gas continues to stifle PetroSA’s GTL output 

By: Terence Creamer South Africa’s national oil company PetroSA produced 14% less refined product in 2013/14 than budgeted, owing to diminishing gas feedstock. The State-owned group also warned that that inadequate feedstock would remain a constraint on its future performance. The company produces 5.8-million... 

Diminishing gas continues to stifle PetroSA’s GTL output

Niko Resources’ stock tumbles after Indian govt announces new gas price

By: Henry Lazenby Calgary-based Niko Resources, which has oil and gas exploration operations across Southeast Asia, on Monday said it was currently evaluating the impact of the Indian government’s new domestic gas pricing policy on its assets in the country. The company’s TSX-listed stock on Monday fell by more... 

Australia urged to remove gas supply barriers as prices are set to rise

By: Esmarie Swanepoel The Australian Petroleum Production & Exploration Association (Appea) on Monday welcomed recommendations that the Australian government should remove inappropriate barriers to gas production and should minimise the regulatory burdens on the gas producers. Appea was responding to a report from... 

Santos quarterly output hits 7-year high

By: Esmarie Swanepoel Oil and gas major Santos has reported its highest quarter production in seven years during the period ended September, with the ramp-up of the Papua New Guinea liquefied natural gas (PNG LNG) project driving production. During the quarter under review, Santos production increased to 14-million... 

Woodside upgrades 2014 production guidance

By: Esmarie Swanepoel Oil and gas major Woodside on Thursday upwardly revised its production expectations for 2014 on the back of a 7.2% increase in production. The company has increased its production expectations from the initial forecast of between 89-million and 94-million barrels of oil equivalent, to between... 

Woodside signs another farm-in offshore Africa

By: Esmarie Swanepoel Australian oil and gas major Woodside has finalised a farm-in agreement with majors Noble Energy and Glencore over the Tilapia production sharing contract (PSC), off the coast of Cameroon. Under the agreement, Woodside would acquire a 30% non-operating interest in the 3 875 km2 block, which is... 

US Oil Sands orders long-lead items for Utah oil sands project

By: Henry Lazenby TSX-V-listed US Oil Sands has committed about $17.9-million in orders for all of the major equipment components required to build its flagship PR Spring oil sands project, in Utah. The Calgary-based firm on Thursday said, with the long-lead items now on order, engineering and site construction... 

US Oil Sands orders long-lead items for Utah oil sands project

Karoon chair calls for shareholders to have confidence in plan

By: Esmarie Swanepoel The chairperson of ASX-listed Karoon Gas, Robert Hosking, on Friday urged shareholders to vote against a board restructure proposed by shareholder Pegasus. Pegasus, which manages a 2.4% stake in Karoon on behalf of an unnamed third party, was proposing the removal of independent director Geoff... 

Karoon chair calls for shareholders to have confidence in plan

Jacka approves Nigerian oil project

By: Esmarie Swanepoel ASX-listed Jacka Resources and its joint venture (JV) partners have committed to the $220-million Phase 1 development of the Aje Cenomanian oil reservoir, offshore Nigeria. Jacka’s share of the funding would be A$14.7-million, and the company told shareholders on Thursday that it was currently... 

Jacka approves Nigerian oil project

India awards oil and gas blocks to national majors

By: Ajoy K Das Two of India’s largest oil exploration and production (E&P) majors, ONGC Limited and Oil India Limited (OIL), are likely to be awarded new oil and gas blocks in the north-eastern provinces of the country through a preferential "government dispensation" route. Considering the challenges of the... 

India awards oil and gas blocks to national majors

Arrow Energy receives enviro nod for Bowen CSG pipeline

By: Esmarie Swanepoel The Queensland Resources Council (QRC) on Wednesday welcomed the federal government’s approval of the Arrow Bowen pipeline’s environmental impact assessment. The proposed Arrow Bowen pipeline is a buried high-pressure steel pipeline to transport coal seam gas (CSG) from the Bowen basin to a gas... 

Arrow Energy receives enviro nod for Bowen CSG pipeline

Frost & Sullivan sees spend on automation and control systems increasing

By: Zandile Mavuso The emergence of new industry techniques, such as hydraulic fracturing, or fracking, for the supply of gas and the discovery of oil in sub-Saharan Africa is set to increase capital spending on automation and control systems (ACS), says global growth consulting firm Frost & Sullivan. 

Eden to merge UK assets with JV partner UKOG

By: Esmarie Swanepoel ASX-listed Eden Energy is considering merging its UK gas and petroleum assets with its UK joint venture (JV) partners, owned by UK Onshore Gas (UKOG). Eden said on Wednesday that it would transfer its 13 petroleum and development licences in England and Wales, to UKOG. Post the merger, UKOG... 

Eden to merge UK assets with JV partner UKOG

Coal seam gas a viable option for NSW, chief scientist report finds

By: Esmarie Swanepoel The New South Wales chief scientist and engineer has found that coal seam gas (CSG) was a viable option for the state, despite the perceived risks. In her report, which took about 19 months to complete, Professor Mary O'Kane pointed out that many of the technical challenges and risks posed by... 

Coal seam gas a viable option for NSW, chief scientist report finds

Encana Corp strikes $7.1bn deal to buy US explorer Athlon Energy

By: Henry Lazenby Canada's second-largest natural gas producer Encana Corp on Monday revealed that it had struck a $7.1-billion deal that would see it acquire Texas-based Athlon Energy and gain a foothold in the most prolific oil-producing region in North America. Calgary-based Encana’s TSX-listed stock on Monday... 

Encana Corp strikes $7.1bn deal to buy US explorer Athlon Energy

Australian energy group bullish on SA govt’s stance on shale exploration

By: Natalie Greve Sydney-listed energy group Challenger Energy says it is encouraged by recent indications of a “growing appreciation of the importance” of South Africa’s nascent shale gas industry and its potential beneficial impact to the broader economy, adding that momentum continues to build towards the... 

Australian energy group bullish on SA govt’s stance on shale exploration

BHP signs petroleum expertise exchange in Mexico

Mining giant BHP Billiton has executed a memorandum of understanding with Petroleos Mexicanos (Pemex) to exchange oil and gas deep-water expertise. BHP’s deep-water drilling rig arrived in the Gulf of Mexico in May this year, allowing the miner to rapidly deploy the technology. 

BHP signs petroleum expertise exchange in Mexico

NSW extends petroleum exploration licence freeze

By: Esmarie Swanepoel The New South Wales government on Thursday announced that it would extend the freeze on petroleum exploration licence applications (PELAs) by at least a year. In March this year, the state government announced that out would freeze all PELAs and audit existing petroleum exploration licences as... 

NSW extends petroleum exploration licence freeze

Energy Green Paper wins praise for competitiveness, transparency focus

By: Esmarie Swanepoel The Australian gas industry on Tuesday welcomed the federal government’s release of the Energy Green Paper, saying it recognised the importance of natural gas. Industry Minister Ian Macfarlane said the Energy Green Paper sets a framework for the development of a coherent and comprehensive... 

Energy Green Paper wins praise for competitiveness, transparency focus

AWE-Origin onshore gas find may be WA’s largest since 1960s

By: Esmarie Swanepoel The share price of ASX-listed oil and gas company AWE increased by nearly 15% on Thursday after the company announced a major onshore gas discovery in Western Australia. The company said that a gross contingent resource of between 65-billion cubic feet and 1 170-billion cubic feet had been... 

AWE-Origin onshore gas find may be WA’s largest since 1960s

Resources Watch

By: Creamer Media Reporter Sasol repositions itself for gas-based future. Gov, business and labour grapple with hostile labour climate at Nov summit. And, Sasol expects R4bn in restructuring savings, without ‘forced’ job cuts. 

Resources Watch

India’s ONGC starts JV talks with Mexico's Pemex

By: Ajoy K Das The overseas exploration arm of Indian major ONGC Limited, ONGC Videsh Limited (OVL), has started negotiations with Petroleos Mexicanos (Pemex), Mexico’s national oil company for a stake in oil and gas assets in central and Latin America. According to a senior ONGC official, the OVL-Pemex talks... 

India’s ONGC starts JV talks with Mexico's Pemex

Sunbird secures A$25m to advance Ibhubesi development 

By: Creamer Media Reporter Pan-African investment company Vandasia Investments will acquire a 43.9% interest in Southern African gas explorer and developer Sunbird Energy for about A$25-million. The investment company would acquire an initial 20.37-million Sunbird shares for $5-million within ten business days. 

Sunbird secures A$25m to advance Ibhubesi development

Drillsearch extends offer for Ambassador

By: Esmarie Swanepoel ASX-listed Drillsearch Energy has extended its takeover offer for fellow-listed Ambassador Oil & Gas until September 15. The Drillsearch offer is now the only takeover option available to Ambassador shareholders, after a competing bid by New York-listed Magnum Hunter closed on September 5. 

Drillsearch extends offer for Ambassador

Sasol repositions itself for gas-based future 

By: Terence Creamer South African energy and chemicals group Sasol has “strategically repositioned” itself over the past three years to focus on gas-based opportunities in Southern Africa and North America, having moved away from coal-to-liquids opportunities in China, Indonesia, India and South Africa. The... 

Sasol repositions itself for gas-based future
Photo by Duane Daws
Bernard Klingenberg

Sasol expects R4bn in restructuring savings, sans ‘forced’ job cuts

By: Terence Creamer Sasol CEO David Constable announced on Monday that the group expected to deliver sustainable savings of more than R4-billion a year from 2016 as a result of a far-reaching business performance enhancement programme. The savings figure was a material improvement on the R3-billion initially... 

Sasol expects R4bn in restructuring savings, sans ‘forced’ job cuts
Photo by Duane Daws
David Constable

Mining, taxation – and honey

By: Keith Campbell The Mozambican Government believes that the changes to the country's mining taxation code which have recently been approved by the Assembly of the Republic (Parliament) will significantly increase the revenues of the State. The estimation is that the amount of the increase will be in the region... 

Linc gets interest in US oil assets

By: Esmarie Swanepoel Singapore-listed Linc Energy has received unsolicited expressions of interest for its US oil assets. The company told shareholders this week that it had started a formal process to work with the parties that had expressed an interest in the Umiat and Wyoming conventional oil assets to determine... 

Linc gets interest in US oil assets

Challenger advancing shale gas farm-in talks in S Africa 

By: Esmarie Swanepoel ASX-listed Challenger Energy was in advanced discussions regarding a possible farm-in agreement over its Cranemere shale gas project, in South Africa. “We are working on a compelling partnership,” Challenger MD Robert Willes told Mining Weekly Online on the sidelines of Paydirt’s Africa... 

Challenger advancing shale gas farm-in talks in S Africa

Smart governments encourage foreign investment – Glasenberg

By: Martin Creamer Smart governments encouraged foreign investment and ensured that they did not make it too difficult or impossible for companies to invest, Glencore CEO Ivan Glasenberg said on Wednesday. Glencore – which employs 42 500 people at its South African operations, 20 300 of them in coal and 22 200 in... 

Smart governments encourage foreign investment – Glasenberg
Photo by Duane Daws
Ivan Glasenberg and Martin Creamer
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