http://www.miningweekly.com
R/€ = 14.57 Change: -0.06
R/$ = 13.37 Change: -0.02
Au 1264.61 $/oz Change: -2.39
Pt 942.50 $/oz Change: -5.00
 

Oil and Gas News

Review finds petroleum resources rent tax sufficient

By: Esmarie Swanepoel     28th April 2017 The Australian oil and gas industry has welcomed an independent review into the operation of the petroleum resources rent tax (PRRT), which concluded that the Australian community is not being short changed by the current royalty and tax system. Federal Treasurer Scott Morrison in November last... 

Collaboration key to build pipeline of opportunities on global scale

     28th April 2017 Québec-based carbon-capture technology developer CO2 Solutions president and CEO Evan Price expects its collaboration with global consulting and engineering firm Hatch to be central to the success of its Valorisation Carbone Québec (VCQ) project and instrumental in building the company’s... 

Collaboration key to build pipeline of opportunities on global scale
CLEAN TECH The Valorisation Carbone Québec project aims to demonstrate carbon dioxide capture and beneficial reuse at the large-scale industrial facilities of Québec’s main industries, namely manufacturing and mining

Consulting engineering’s viability proportional to mining’s growth

By: Nadine James     28th April 2017 The consulting engineering industry’s sustainability and growth are largely dependent on and proportional to the mining industry’s sustainability and growth respectively, says industry body Consulting Engineers South Africa (Cesa). Cesa CEO Christopher Campbell notes that the success or decline... 

Consulting engineering’s viability proportional to mining’s growth
CHRISTOPHER CAMPBELL The current impasse between South Africa’s government and its mining industry needs to be resolved

Optimisation tools up probability of success

     28th April 2017 In today’s world of constrained capital, engineering, procurement and construction consultant WorleyParsons notes that clients in the mining sector are seeking ways to improve returns while reducing their exposure to risk, particularly those companies who need to make strategic decisions on... 

Optimisation tools up probability of success
AIDING DEVELOPMENT Advisian acts as lenders’ independent technical and environmental adviser for nonrecourse project finance, export credit agency finance and structured trade commodity finance

Oil discoveries and new projects fall to historic low in 2016 – report

By: Henry Lazenby     27th April 2017 New analysis by the International Energy Agency (IEA) has found that worldwide oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, trends that could continue this year. The... 

Oil discoveries and new projects fall to historic low in 2016 – report

Angola in full compliance with Opec output cuts – oil minister

By: Reuters     27th April 2017 Angolan oil minister José Maria Botelho de Vasconcelos said on Thursday his country was more than fully complying with Opec production cuts, and that he believed a deal to curb output would be extended beyond June. "Yes I think so," de Vasconcelos said at an industry event in Paris when asked... 

Angola in full compliance with Opec output cuts – oil minister

Appea warns on new oil and gas taxes

By: Esmarie Swanepoel     27th April 2017 New research by advisory firm Wood Mackenzie (Woodmac) has warned that any additional taxes on the Australian oil and gas industry could inflict significant damages. Undertaken on behalf of the Australian Petroleum Production & Exploration Association (Appea), the report confirms that the new... 

Australia puts gas export controls in place

By: Esmarie Swanepoel     27th April 2017 The Australian Petroleum Production and Exploration Association (Appea) has warned that the gas export controls announced by the federal government were short-term, and posed the risk of exacerbating tight market conditions unless accompanied by genuine reforms. The federal government on... 

Australia puts gas export controls in place
Photo by Bloomberg
Australia PM Malcolm Turnbull

Sherritt narrows Q1 headline loss

By: Henry Lazenby     27th April 2017 Canadian diversified miner Sherritt International has increased headline earnings in the March quarter as significantly higher nickel, cobalt and oil prices boosted the bottom line. The Toronto-based company reported a loss, adjusted for special items, totalling C$82.7-million, or C$0.25 a share... 

FCX stock rises on interim Indonesia export deal despite earnings miss

By: Henry Lazenby     26th April 2017 The NYSE-listed stock of US-based diversified miner Freeport-McMoRan (FCX) on Tuesday closed 7.11% higher despite the miner reporting earnings below analyst forecasts, as investors were pleased with the company reporting resumed copper concentrate exports from Indonesia following a three-month... 

FCX stock rises on interim Indonesia export deal despite earnings miss
Photo by Reuters
Freeport has taken actions to adjust its cost structure, reduce its workforce and slow significant investments in its underground development projects and new smelter at Grasberg, Indonesia

Indian govt reserves right to call for joint development of oil and gas blocks under OALP

By: Ajoy K Das     25th April 2017 The Indian government has reserved the right to call for the joint development of oil and gas fields to be auctioned under the newly unveiled Open Acreage Licensing Policy (OALP). In a draft contractor agreement, which is signed between a successful bidder and government, a provision for the... 

Oil and mining giants detail road map to reduce carbon by half

By: Bloomberg     25th April 2017 A group of companies and nonprofit agencies that includes energy giants Royal Dutch Shell and BHP Billiton said global greenhouse gas emissions could be cut in half by 2040 without impeding economic development, in part by converting grids to use mostly renewable power. The declining costs of... 

Chevron’s A$340m tax bill appeal in Australia dismissed

By: Esmarie Swanepoel     24th April 2017 The federal government has welcomed a Full Federal Court decision to dismiss oil and gas giant Chevron’s appeal of a A$340-million Australian Taxation Office (ATO) bill. The court dismissed Chevron’s appeal against an ATO ruling that the US giant had used an intra-company loan as a means to shift... 

Chevron’s A$340m tax bill appeal in Australia dismissed

DMR to brief Western Cape communities on shale gas development

By: Megan van Wyngaardt     21st April 2017 Mineral Resources Deputy Minister Godfrey Oliphant will on Tuesday host an information-sharing session with interested and affected communities and organisations in the Western Cape on the potential of shale gas development through hydraulic fracturing, or fracking. The Deputy Minister will... 

India’s ONGC to start gas production from Arabian sea this month

By: Ajoy K Das     20th April 2017 India’s national exploration and production (E&P) major, ONGC Limited, will start natural gas production from its Daman offshore fields in the Arabian sea later this month, ending a spell of stagnating domestic production. According to company officials, once production stabilises by next month,... 

Gas still the answer – Appea

By: Esmarie Swanepoel     20th April 2017 The Australian Petroleum Production and Exploration Association (Appea) has slammed a new report by the Climate Council that claimed more gas production will result in higher electricity prices and pollution. In its report 'Pollution and Price: the Cost of Investing in Gas', the Climate Council... 

Woodside production declines after wet weather

By: Esmarie Swanepoel     20th April 2017 ASX-listed oil and gas producer Woodside has reported a decline in production during the three months to March, on the back of wet weather conditions. The company on Thursday noted that production during the first quarter reached 21.4-million barrels of oil equivalent, which was down from the... 

Santos sees lower production in March quarter

By: Esmarie Swanepoel     20th April 2017 Despite lower production and sales volumes in the first quarter ended March, oil and gas major Santos has been able to lower costs. During the three months to March, production reduced by 2% on the previous quarter, to 14.8-million barrels of oil equivalent, while sales volumes were down by 15%,... 

Indian LNG demand to take a dip in the short term

By: Ajoy K Das     19th April 2017 Indian demand for imported liquefied natural gas (LNG) is expected to dip sharply after the government pulled the plug on a scheme supplying subsidised natural gas to power generating plants. Halting the supply of subsidised LNG is expected to shave off at least two-million tons from 22-million... 

Darwin LNG expansion to be studied

By: Esmarie Swanepoel     19th April 2017 The owners of the 3.6-million-tonne-a-year Darwin liquefied natural gas (LNG) project, in the Northern Territory, are studying the potential expansion of the project through the introduction of a second LNG train. The Northern Territory government has announced that it will contribute A$250 000... 

Darwin LNG expansion to be studied

Queensland’s Lynham pitches pipelines funding proposal to federal govt

By: Esmarie Swanepoel     18th April 2017 The Queensland government has placed a proposal before the federal government seeking funding for new gas pipelines in exchange for Queensland gas resources. Natural Resources and Mines Minister Dr Anthony Lynham over the weekend said that the package of initiatives was aimed at tackling the... 

Queensland’s Lynham pitches pipelines funding proposal to federal govt

Gas pipeline to Libya's Wafa oilfield closed – NOC source

By: Reuters     17th April 2017 An armed group has again blocked gas pipelines from Libya's Wafa oilfield to a local power plant and the Mellitah gas export terminal on the coast, a source from state energy firm NOC said on Friday. The NOC earlier this week lifted a force majeure on Wafa and said its pipelines were open after... 

Australis raises A$100m for US shale buy

By: Esmarie Swanepoel     13th April 2017 ASX-listed Australis Oil and Gas has raised A$100-million to fund the acquisition of US shale assets. Following shareholder approval, the company placed some 434.7-million new shares at 23c each, to raise the capital. 

Scotiabank’s commodity price index gains 2.2% in February

By: Creamer Media Reporter      13th April 2017 The Scotiabank Commodity Price Index gained 2.2% month-over-month in February as industrial commodities continue to benefit from healthy demand on the back of a stronger global economic outlook, while supply-side idiosyncrasies continue to provide opportunity for differentiation, the banking... 

Sasol finalises currency hedges worth $4bn

By: Terence Creamer     11th April 2017 Energy and chemicals group Sasol reported on Tuesday that it had finalised currency hedges with a total notional amount of $4-billion for its 2018 financial year. The hedges represent about 70% of its expected net rand/US dollar exposure for the period, which runs until June 30, 2018. The... 

Sasol finalises currency hedges worth $4bn

Singer's BHP gambit shines light on little-known oil giant

By: Bloomberg     11th April 2017 The usual suspects have planted their flags along the dusty byways of the Permian Basin, declaring where they’ve staked claims. There are names like Royal Dutch Shell, Anadarko Petroleum, Pioneer Natural Resources. And, on signs fronting a barbed-wire fence, BHP Billiton. For the world’s largest... 

Santos pays down $250m in debt

By: Esmarie Swanepoel     11th April 2017 Oil and gas major Santos has repaid $250-million of its $1.2-billion export credit agency- (ECA-) supported uncovered syndicated facility, which was scheduled to mature in 2019. The ASX-listed company told shareholders on Tuesday that the early repayment would result in gross interest savings of... 

Eni, Shell deny wrongdoing in Nigeria after allegations of improper payment

By: Reuters     10th April 2017 Oil majors Royal Dutch Shell and Eni reiterated on Monday that neither they nor their personnel had been involved in any wrongdoing in Nigeria, including improper payments to Nigerian officials. The comments follow media reports alleging how hundreds of millions of dollars from the two companies... 

India's ONGC sees its gas output hitting 5-yr high in fiscal 2018 - sources

By: Reuters     7th April 2017 India's Oil and Natural Gas Corp expects its natural gas production to reach a five-year high in the current fiscal year following the start-up in coming weeks of a long-delayed project in the Arabian Sea, two senior company executives said. State-owned ONGC, which accounts for about two-thirds... 

Shell Australia moves to help ease domestic gas supply constraints

By: Esmarie Swanepoel     6th April 2017 The Australian Petroleum Production and Exploration Association (Appea) has welcomed news from major Shell Australia that its QGC joint venture (JV) has signed two new gas sales agreements with domestic customers, saying that it was a clear demonstration that the Queensland gas industry was doing... 

FAR raises A$80m for African exploration

By: Esmarie Swanepoel     6th April 2017 Oil and gas explorer FAR will raise some A$80-million through a fully-underwritten share placement to institutional and sophisticated investors to fund its exploration and development work in offshore Senegal, as well as the anticipated acquisition of a block in Gambia. The company will place... 

Challenger welcomes reports of South Africa's plans to proceed with Karoo shale gas development

By: Esmarie Swanepoel     3rd April 2017 Junior unconventional gas explorer Challenger Energy has welcomed reports from the South African media that the South African government will proceed with shale gas development. The country’s Mineral Resources Minister Mosebenzi Zwane was reportedly quoted as saying that, based on the balance of... 

Angola aims to attract major mining investor, develop local ones

By: Keith Campbell     31st March 2017 The copper/cobalt belt, known as the Central African Copperbelt, already well-known and exploited in Zambia and the Democratic Republic of Congo, also extends into Angola. This has been determined by surveying activities carried out under Angola’s National Geology Plan (known by the Portuguese... 

Floating accommodation for oil, mining projects

     31st March 2017 UK-based accommodation provider Bibby Maritime believes its floating accommodation barges could be an efficient solution for the housing of mineworkers in the future, as the units are comfortable, cost effective and can be moored alongside any berth or quay, making them ideal for projects in... 

Floating accommodation for oil, mining projects
THE CHALLENGE The barge offers en-suite accommodation for up to 670 workers

Govt gives green light for shale gas fracking in Karoo

By: News24Wire      30th March 2017 The government has given the go-ahead for shale gas development in the Karoo region, Mineral Resources Minister Mosebenzi Zwane said on Thursday. He revealed this during a community engagement on shale gas development in Richmond, in the Northern Cape. 

Appea welcomes Senate committee’s rejection of Great Australian Bight Protection Bill

By: Esmarie Swanepoel     30th March 2017 The Australian Petroleum Production and Exploration Association (Appea) has welcomed the Senate committee’s rejection of a Bill seeking a ban on oil and gas activities in the Great Australian Bight. The Environment and Communications Legislation Committee on Thursday released its report on the... 

Appea welcomes Senate committee’s rejection of Great Australian Bight Protection Bill

Karoon to restart acquisition process for Petrobas’s Baúna, Tartaruga Verde fields

By: Esmarie Swanepoel     30th March 2017 ASX-listed Karoon Gas Australia will reinitiate the process to acquire Petrobas’s Baúna and Tartaruga Verde fields after the current sales agreement was withdrawn. Karoon in October 2016 confirmed the award of the right to negotiate a final agreement with Petrobas over the Baúna and Tartaruga... 

Leigh Creek raises funds for ISG demo facility

By: Esmarie Swanepoel     30th March 2017 ASX-listed Leigh Creek Energy has announced a A$21.85-million capital raise to fund its precommercial in-situ gasification (ISG) demonstration facility at its Leigh Creek project, in South Australia. The company on Thursday told shareholders that it would place some 150-million shares at a price... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Press Office

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Close