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TKAG wants Karoo exploration delayed until conclusion of enviro assessment

By: Natasha Odendaal The Treasure the Karoo Action Group (TKAG) on Friday called on government to delay publishing final regulations and issuing rights for shale gas exploration in the Karoo, until a 24-month strategic environmental assessment (SEA) has been concluded. TKAG CEO Jonathan Deal said in an open letter... 

QCLNG declared operational, APA deal approved

By: Esmarie Swanepoel Natural gas major BG Group has taken operational control of Train 1 of the Queensland Curtis liquefied natural gas (QCLNG) project, after the project reached commercial completion. The transfer of operational control of Train 1 marked the start of commercial operations at QCLNG, and followed... 

Emerson assisting in efforts to achieve digital oilfields

By: Zandile Mavuso Manufacturing and technology company Emerson South Africa (SA) is working with oil and gas companies to envision, plan and execute strategies to help them strive towards achieving digital oilfields. 

Chamber reveals plan to get South Africa’s ‘great mining industry’ back on front foot

By: Martin Creamer The Chamber of Mines of South Africa on Wednesday revealed a strategic plan to get South Africa’s “great mining industry” back on the front foot. Speaking at the well-attended 125th annual general meeting (AGM) of the historic organisation, chamber president Mike Teke – who was re-elected for a... 

Chamber reveals plan to get South Africa’s ‘great mining industry’ back on front foot
Photo by Duane Daws
Chamber president Mike Teke (right) having a word with his vice-president Graham Briggs.

Botswana looking to diversify economy though energy developments

By: Megan van Wyngaardt Botswana Oil (BOL), which was established in October, has, together with the Botswana government, called for expressions of interest (EoI) for an in-house technical adviser to assist in the development of the landlocked country’s oil and gas sector. BOL was tasked with ensuring the security of... 

Botswana looking to diversify economy though energy developments

LNG raises A$174m for Magnolia, Bear Head, eyes third N American project

By: Esmarie Swanepoel ASX-listed Liquefied Natural Gas (LNG) has placed some 40-million fully paid ordinary shares to raise A$174-million to fund its Magnolia and Bear Head LNG projects, in North America, and to potentially fund the acquisition of a third project in the area. The shares would be placed to... 

Chevron exec urges Australia to claw back competitiveness in LNG

By: Esmarie Swanepoel Australia’s lack of competitiveness could hinder the second wave of investment into the liquefied natural gas (LNG) sector, Chevron Australia MD Roy Krzywosinski warned on Wednesday. Speaking at the Australian Petroleum Production & Exploration Association (Appea) conference, in Melbourne,... 

Chevron exec urges Australia to claw back competitiveness in LNG
Photo by Appea
Chevron Australia MD Roy Krzywosinski

Movement on gas IPP programme, as coal deadline is extended

By: Terence Creamer The Department of Energy (DoE) released a request for information (RFI) for gas-fired electricity generation on Tuesday, the outcome of which would guide the design of a 3 126 MW ‘Gas to Power Procurement Programme’. Energy Minister Tina Joemat-Pettersson said that a request for proposals should... 

Movement on gas IPP programme, as coal deadline is extended

Shell-BG deal may be end point rather than harbinger – Russell

By: Reuters There is a widespread assumption that weak commodity prices are likely to spark a wave of merger and acquisition activity as stronger companies seek to buy assets on the cheap. The $70 billion buyout of BG by larger rival Royal Dutch Shell is generally viewed by investors and analysts as the... 

Shell-BG deal may be end point rather than harbinger – Russell

LNG to contribute A$55bn to Australia’s GDP by 2020 – report

By: Esmarie Swanepoel Australia’s liquefied natural gas (LNG) industry has the potential to contribute more than A$55-billion to the country’s gross domestic product by 2020, but the country will have to improve international competitiveness, remove regulatory constraints and introduce a more flexible labour regime to... 

Energy firm expects to explore Karoo in parallel with shale-gas risk assessment 

By: Terence Creamer ASX-listed Challenger Energy, whose subsidiary Bundu Gas and Oil Exploration is aiming to explore for shale gas in South Africa’s Karoo, says its expects to be in a position to pursue its exploration programme in parallel with government's two-year strategic environmental assessment (SEA) of... 

Energy firm expects to explore Karoo in parallel with shale-gas risk assessment

Meaning of SA’s two-year shale gas risk assessment explored 

By: Creamer Media Reporter Creamer Media's Tracy Hancock speaks to Engineering News editor Terence Creamer about South Africa's two-year shale gas risk assessment. 

Meaning of SA’s two-year shale gas risk assessment explored

QCLNG project officially launched

By: Esmarie Swanepoel he $20.4-billion Queensland Curtis liquefied natural gas (QCLNG) project was officially launched on Friday, after starting first production in December last year. Since first production, 16 LNG cargoes have been shipped from QCLNG as commissioning and performance testing of the plant was... 

Qld seeks to attract new exploration in Cooper, Eromanga and Surat basins

By: Esmarie Swanepoel The Queensland government on Thursday released 11 000 km2 of potentially petroleum- and gas-rich exploration area in the state’s far south-western corner. Minister for State Development, Natural Resources and Mines Dr Anthony Lynham said that most of the land being made available was in the... 

Qld seeks to attract new exploration in Cooper, Eromanga and Surat basins

SA set to allow shale gas exploration to proceed despite 24-month risk assessment 

By: Terence Creamer The South African government has formally launched a R12.5-million, 24-month strategic environmental assessment (SEA) of shale gas mining in the Karoo in an effort to understand the potential environmental risks of exploiting probable, but as yet unexplored, unconventional gas resources in the... 

SA set to allow shale gas exploration to proceed despite 24-month risk assessment

Koolan Island gets new lease on life - Mt Gibson

By: Esmarie Swanepoel Junior iron-ore miner Mount Gibson Iron is considering a logistics base to service the offshore oil and gas industry at its Koolan Island property. The ASX-listed company reported on Tuesday that it had entered into an agreement with logistics provider Qube Holdings, providing a framework to... 

Big deals expected when Chinese premier visits South America 

By: Reuters Chinese Premier Li Keqiang will visit South America next week on a four-nation tour, the Foreign Ministry said on Monday, a part of the world where China has deep business ties but traditionally only limited political influence. Li will travel to Brazil, Colombia, Peru and Chile on the May 18 to... 

Deloitte WA Index closes April higher on stronger commodity prices

Stronger commodity prices boosted advisory firm Deloitte’s Western Australian Index during April, with the market capitalisation of the state’s listed resource companies increasing by 1.7% at the end of the month, to A$131-billion. Deloitte stated on Friday that the majority of commodities... 

NDP's Alberta win drags TSX to one-month low

By: Reuters Canada's main stock index dropped about 1% on Wednesday, hitting a one-month low, as the victory of the New Democratic Party (NDP) in oil-rich Alberta's provincial election hit energy shares. The left-wing NDP beat the Progressive Conservatives in a crushing win that ended the centre-right... 

Strike action hinders Sherritt's Ambatovy project from finding stride

By: Henry Lazenby Strike actions involving a portion of Sherritt International’s workforce at the Ambatovy mine and, subsequently, at the Ambatovy plant, in Madagascar, was hindering the operation’s ramp-up to commercial production. For April, finished nickel output was 1 244 t, or 3 110 t on a 100% basis, about... 

US pressures start to mount for scandal-hit Petrobras

By: Simon Rees The pressures embattled oil giant Petrobras might face in the US have started to crystallise, with important implications not just for the company but also for its suppliers, contractors and individual executives. The released its long-delayed but audited financial results on April 22, which... 

US pressures start to mount for scandal-hit Petrobras

South32 set to hit ground running after 98% BHP 'yes' vote 

By: Martin Creamer The demerging South32 mining company, which is set to hit the ground running after receiving an overwhelming 98.05% yes vote from BHP Billiton shareholders on Wednesday, is at an advanced stage of planning a global shared service centre in South Africa, which will create 200 new quality jobs.... 

South32 set to hit ground running after 98% BHP 'yes' vote
Photo by Bloomberg
Andrew Mackenzie

Production up at Glencore’s South African coal mines

By: Martin Creamer Production from Glencore’s South African thermal coal mines was 10% higher in the three months to end March. The London-, Hong Kong- and Johannesburg-listed diversified mining and marketing company, headed by CEO Ivan Glasenberg, said on Tuesday that the ramp up of its newly commissioned... 

Production up at Glencore’s South African coal mines
Photo by Duane Daws
Ivan Glasenberg

Santos hopes to lower costs by 10%

By: Esmarie Swanepoel Oil and gas major Santos this week told shareholders that it was hoping to cut production costs by 10% this year by driving efficiencies and eliminating costs across the business. In response to the falling oil prices, Santos in December lowered its capital expenditure from $2.7-billion to... 

CEL could start shale gas programme by mid-year

By: Megan van Wyngaardt If the required legislative framework is in place by mid-year, ASX-listed shale gas developer Challenger Energy Limited (CEL) could potentially be awarded a licence and start its work programme for shale-gas exploration in the Karoo, through its subsidiary Bundu, in the third quarter of this... 

CEL could start shale gas programme by mid-year

Petrobras, Vale underperform in quiet market

By: Reuters Brazilian corporates including Petrobras and Vale extended losses on Tuesday, as investors sought to lock in profits after the recent rally in Latin American credits. "As far as we understand, people are just hitting bids and getting out of stuff that had rallied a lot," said a corporate bond... 

South32 weakness hidden – Investec

By: Martin Creamer Good overall third-quarter production performance by BHP Billiton hid the weaker performance of most of the assets that make up South32, Investec Securities mining analyst Hunter Hillcoat says. BHP Billiton intends simplifying its portfolio by demerging the South32 metals and mining company,... 

South32 weakness hidden – Investec
Photo by Duane Daws
Graham Kerr

Consol Energy reports 32% slide in Q1 earnings as prices fall

By: Henry Lazenby NYSE-listed fossil fuels producer Consol Energy has reported a 32% year-over-year drop in first-quarter earnings as improved output was offset by falling prices for its coal and oil and gas products. The Pittsburgh-based company on Tuesday reported net income fir the three months ended March 31... 

Glencore spends $114m on corporate social initiatives 

By: Martin Creamer Diversified mining and marketing company Glencore spent $114-million on corporate social initiatives last year, representing 2.2% of group profit before tax, the company said on Tuesday. The 181 000-employee, 50-country Glencore, headed by CEO Ivan Glasenberg, said the investment helped to meet... 

Glencore spends $114m on corporate social initiatives
Photo by Duane Daws
Ivan Glasenberg

Beach Energy revises FY guidance on lower March quarter output

By: Esmarie Swanepoel ASX-listed Beach Energy has reported declines in production and sales during the quarter ended March, with natural oil field declines and weather delays affecting output. Beach told shareholders on Tuesday that production for the quarter declined by 11% on the previous quarter, to 2.1-million... 

UAE's Dubal Holding looks into buying stakes in energy projects

By: Reuters Dubal Holding, the holding company for Dubai's stake in Emirates Global Aluminium and other assets, is considering possible acquisitions in local and international energy projects, it said on Monday. The firm was looking for equity interests related to coal, solar, gas, and other alternative... 

UAE's Dubal Holding looks into buying stakes in energy projects
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