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Greece, China woes trigger fresh rout, led by oil, copper

By: Reuters     Updated 2 hours 5 minutes ago Commodities prices dropped to their lowest in nearly three months on Monday, dragged lower by a fresh rout in oil and copper as Greece's rejection of debt bailout terms and China's stock market woes unleashed a fresh round of selling. Gold eked out small gains, one of only five commodities to... 

White Rivers clinches deal with gas developer Windfall

By: Megan van Wyngaardt South Africa-focused mineral explorer and developer White Rivers Exploration (WRE) has signed a memorandum of understanding (MoU) with Windfall Energy to facilitate the joint exploration and development of WRE’s Heilbron and Kroonstad gas assets in the Witwatersrand basin. Under the Terms of the... 

White Rivers clinches deal with gas developer Windfall

AGL to sell Hunter Valley CSG project, other noncore assets

By: Esmarie Swanepoel Energy major AGL Energy has warned of about A$435-million in after-tax asset impairments for the 2015 financial year as it divests of its noncore assets. The company told shareholders on Monday that the decision to divest of its noncore assets followed a comprehensive review of its upstream gas... 

Strata-X Energy appoints Greg Hancock nonexecutive director

By: Creamer Media Reporter TSX-V- and ASX-listed Strata-X Energy has appointment Greg Hancock as a nonexecutive director effective immediately, following the resignation of Don Schurman on Wednesday. Strata-X president Tim Hoops said on Thursday that Hancock’s extensive knowledge of corporate finance and capital markets in... 

Mozambique in good shape but must control state firms – IMF 

By: Reuters Strong economic growth in Mozambique is supported by major investments in the coal mining and natural gas sectors but stricter control over state-run firms is necessary, the International Monetary Fund said on Thursday. "Mozambique's continued strong growth performance and low inflation are... 

Mozambique in good shape but must control state firms – IMF

Glencore is latest firm talking with Iran over future oil business

By: Reuters Global mining and commodity trading firm Glencore met with Iranian officials in Tehran to discuss possible business deals should economic sanctions be lifted, industry sources said on Thursday. Iran is negotiating with the US and five other big powers - Britain, China, France, Germany and Russia... 

New WA regulations ensure strong oversight for shale and tight gas industry – Minister  

By: Esmarie Swanepoel The Australian Petroleum Production and Exploration Association (Appea) on Thursday welcomed the introduction of new resource management regulations in Western Australia, saying it should enhance community confidence in local oil and gas activities. New regulations for the petroleum and... 

Woodside advances Browse LNG project 

By: Esmarie Swanepoel Oil and gas major Woodside has entered into the front-end engineering and design (FEED) phase for its Browse floating liquefied natural gas (FLNG) project, off the coast of Western Australia. CEO Peter Coleman said entering the FEED phase was a significant step towards developing the Browse... 

Work with govt to simplify mining policy – Rossouw

By: Martin Creamer The time had come for the private sector to start making it clear that it wished to work with government to simplify mining policy and collaborate towards less regulation and greater implementation. “Step up and get involved in providing meaningful information and honest comment,” thought leader... 

Work with govt to simplify mining policy – Rossouw
Photo by Duane Daws
Mike Rossouw

Cheniere moving ahead with condensate export terminal in Texas

By: Reuters Cheniere Energy Inc is moving ahead with a $550-million export terminal in Texas that will ship processed condensate to international markets, a top executive said on Monday. In addition, the terminal will be able to export any type of domestic oil if the decades-old US crude export ban is ever... 

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok

By: Martin Creamer The time had come for government and business to find ways and means of working together to end South Africa’s current economic stagflation crisis, United Nations Commission for Africa (UNCA) mineral value chain lead consultant, anti-apartheid struggle veteran and former African National Congress... 

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok
ANC MP Ben Turok

Alberta/Canadian crude oil backwardation an investor opportunity

By: Sashnee Moodley The Alberta/Canadian crude market is the only one in the world currently in backwardation, presenting opportunities for investors, Auspice Capital Advisors has pointed out in a research note. 

Alberta/Canadian crude oil backwardation an investor opportunity

Sundance Energy to buy NSE’s US and Australia assets

By: Ilan Solomons ASX-listed energy explorer Sundance Energy announced on Monday that it had entered into an agreement to buy A$24-million worth of assets from oil and gas explorer New Standard Energy (NSE) in the US and South Australia. The agreement was subject to approval by NSE’s shareholders and other... 

Sundance Energy to buy NSE’s US and Australia assets
Cooper basin PEL 570

India exploring options to incentivise marginal oil and gas block uptake

By: Ajoy K Das India’s Oil and Natural Gas Ministry is examining options of offering incentives to woo investors for marginal oil and gas blocks, a number of which are not finding takers in eastern and north-eastern regions of the country. A Ministry official said it was exploring the viability and legality of... 

Origin Energy expects Sinopec to fulfil LNG sales contract

By: Creamer Media Reporter Australian energy firm Origin Energy expects Sinopec to fulfil its obligations to buy liquefied natural gas (LNG) from the Australia Pacific LNG joint venture (JV) project, the ASX-listed company said on Monday. Origin responded to speculation that the Chinese buyer might not want all the gas it... 

Project work worth $200bn to be available in Moz coal sector in next 20 years

By: Ilan Solomons Engineering design and project management consultancy company RSV ENCO Consulting strategic development executive Rowan Karstel says significant opportunities exist for companies to profit from Mozambique’s resource sector. “The province of Tete alone has inferred total coal reserves of about... 

Project work worth $200bn to be available in Moz coal sector in next 20 years
ROWAN KARSTEL One of the biggest challenges facing mining companies in Mozambique is ensuring that effective logistics programmes are put in place

Registration opens for August coal gasification conference

By: Zandile Mavuso Early registrations are open for delegates for the South African Underground Coal Gasification Association (SAUCGA) conference to take place on August 24 at the Graceland Hotel in Secunda in which the association aims to discuss the unlocking of unmineable coal reserves in Southern Africa. 

Freeport-McMoRan Oil & Gas files for IPO of up to $100m

By: Reuters Freeport-McMoRan Oil & Gas, a unit of US-based Freeport-McMoRan, on Tuesday filed documents with the US Securities and Exchange Commission for an initial public offering of up to $100-million. The oil and gas unit said it intends to apply for a listing of its "Class A" common shares on the New... 

Appea urges WA to avoid additional costs on LNG projects

By: Creamer Media Reporter The Australian Petroleum Production and Exploration Association (Appea) on Tuesday urged the Western Australian government to avoid imposing additional cost and complexity on liquefied natural gas (LNG) projects. This comes as the government confirmed that the state’s domestic gas reservation... 

Cape Town refinery completes maintenance, safety inspection

By: Dylan Stewart Multinational energy corporation Chevron completed a month-and-a-half-long,  

Oil and gas giant highlights benefits of proper lubrication

Multinational oil and gas corporation ExxonMobil in March took part in the Mining Summit 2015, held in Johannesburg, highlighting the importance of proper lubrication at mine sites. 

Glencore sees slight coal undersupply

By: Martin Creamer Mining and marketing giant Glencore sees a slight undersupply of coal on the horizon. Speaking on video to Creamer Media’s senior staff writer Zandile Mavuso at Glencore’s donation of a new R75-million state-of-the-art school to South Africa’s Department of Basic Education, Glencore CEO Ivan... 

Glencore sees slight coal undersupply
Photo by Daune Daws
At Glencore R75-million school donation are (from left) principal AS Mahlangu; Glencore Coal South Africa CEO Clinton Ephron; Glencore CEO Ivan Glasenberg; Basic Education Minister Angie Motshekga, Education MEC Reginah Mhaule, Emalahleni Mayor Salome Sithole, School Governing Body chairperson DP Maimela; District Basic Education Director Jerry Mabena.

Feds move forward with implementing Canada/Quebec Offshore Accord

By: Henry Lazenby The Conservative Canadian federal government has tabled a ‘Notice of Ways and Means Motion’ to introduce a Bill to implement the Canada–Quebec Offshore Accord, representing an important milestone for responsible resource development in the Gulf of St Lawrence. Natural Resources Minister Greg... 

Feds move forward with implementing Canada/Quebec Offshore Accord

Jobless mining engineering graduates plead for look in

By: Martin Creamer Jobless mining engineering graduates are pleading for inclusion in South Africa’s mining industry in preparation for the sector’s inevitable upturn in the future. Speaking to Creamer Media’s Mining Weekly Online in a video interview on the sidelines of the Junior Indaba in Johannesburg, Society... 

Jobless mining engineering graduates plead for look in
Photo by Creamer Media
Smangaliso Musawenkosi (left) and Martin Creamer

Antifracking group slams DMR for ‘inadequate’ shale gas regulations 

By: Natalie Greve Despite an ongoing two-year strategic environmental assessment (SEA) into domestic hydraulic fracturing (fracking) by the Department of Environmental Affairs and claims from the environmental community that the consultation process around the formulation of fracking legislation was indequate, the... 

Antifracking group slams DMR for ‘inadequate’ shale gas regulations

Australian industry body welcomes US report on fracking

By: Esmarie Swanepoel The Australian Petroleum Production & Exploration Association (Appea) has welcomed a report by the US Environmental Protection Agency (EPA), which stated that hydraulic fracturing, or fracking, posed minimal risk to groundwater resources. Taking into account some 950 sources of information,... 

Woodside CEO urges industry to highlight benefits of gas

By: Esmarie Swanepoel The CEO of oil and gas major Woodside Energy, Peter Coleman, has urged participants in the gas and liquefied natural gas (LNG) sector to take greater pains in casting aspersion on fossil fuels. Speaking in Paris, Coleman noted that, aside from a price differential, burning coal for power... 

Central Petroleum in A$45m Northern Territory deal with Santos

By: Esmarie Swanepoel ASX-listed Central Petroleum would acquire a 50% interest in the Mereenie oil and gas field, in the Northern Territory, for A$45-million. Under the terms of the agreement, Central would also free-carry Santos under a A$10-million works programme prior to the development of the proposed Northern... 

ACCC calls for public help in East Coast gas inquiry

By: Esmarie Swanepoel The Australian Competition and Consumer Commission (ACCC) has called for submissions on its inquiry into the East Coast gas market. The ACCC East Coast Gas inquiry would consider the competitiveness of wholesale gas prices and the structure of the upstream, processing, transportation, storage... 

Ibhubesi gas supply deal with Eskom expected before year-end

By: Martin Creamer The ASX-listed Sunbird Energy, which is developing the Ibhubesi natural gas project offshore of the Western Cape, expects to sign a gas supply agreement with State power utility Eskom before the end of this year and to bring on a volume of gas earlier than originally planned. Speaking on the... 

Ibhubesi gas supply deal with Eskom expected before year-end

Woodside puts on its cowboy boots

By: Esmarie Swanepoel Australian oil and gas major Woodside was considering a joint venture with New York-listed Sempra Energy to develop the proposed Port Arthur liquefaction project, in Texas. Sempra has signed a memorandum of understanding (MoU) with Woodside, to start discussions and assessment for the potential... 

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