http://www.miningweekly.com

Global Mining News in real time

Oil and Gas News

APLNG still on track for mid-2015 production

By: Esmarie Swanepoel The $24.7-billion Australia Pacific liquefied natural gas (APLNG) was on track to produce its first LNG by mid-2015, project developer Origin Energy’s LNG CEO, David Baldwin, said on Thursday. Full production from both trains were expected by the end of 2016. 

Sherritt International posts Q3 loss, cuts into workforce

By: Henry Lazenby TSX-listed nickel and cobalt producer Sherritt International will cut its salaried workforce by 10%, excluding employees at its Ambatovy nickel and cobalt mine, in Madagascar, as part of its company-wide restructuring process. Sherritt, which had started a process to sell its Toronto head-office... 

QCLNG on track to deliver first LNG in December

By: Esmarie Swanepoel Liquefied natural gas (LNG) major BG Group reported this week that the Queensland Curtis LNG (QCLNG) project was on track for shipment in December. “The QCLNG project is on target to export its first LNG cargo by the end of the year, which will add volumes and flexibility to the company’s global... 

Anadarko raises output target, says Q3 profit up on asset sales

By: Henry Lazenby US independent oil and gas company Anadarko Petroleum Corp on Tuesday reported a sharply higher profit for the quarter ended September 30, owing to higher output at its Wattenberg field in Colorado and asset sale proceeds. Oil and gas companies, including Anadarko, have been selling assets with... 

Consol to create MLP for thermal coal assets

By: Henry Lazenby US-based coal and natural gas producer Consol Energy on Tuesday announced plans to create a master limited partnership (MLP) for its thermal coal assets by year-end. The Pittsburgh-based company said in a telephone call with analysts that it hoped to announce an MLP by the end of the year, saying... 

Karoo fracking could start by mid-2016 

By: Sapa The first exploratory drill head could be biting its way down through Karoo rock in search of shale gas by as early as mid-2016, according to the Mineral Resources department. Speaking to Sapa after briefing MPs on shale gas exploration licences, deputy director general for mineral policy Mosa... 

Karoo fracking could start by mid-2016

Petroleum agency moves to process pending shale-gas applications 

By: Terence Creamer The Petroleum Agency South Africa (Pasa) has confirmed on Monday that it would proceed with the processing of pending shale-gas applications received prior to February 1, 2011. The applicants affected include Shell South Africa Upstream, Falcon Oil and Gas and Challenger Energy’s Bundu Oil and... 

Petroleum agency moves to process pending shale-gas applications
Photo by Duane Daws
Challenger Energy MD Robert Willes

Pasa to process Karoo shale gas exploration application

By: Natalie Greve The Petroleum Agency of South Africa (Pasa) has advised unconventional gas explorer Challenger Energy’s Bundu Gas and Oil Exploration subsidiary that a decision has been taken to proceed with processing Bundu’s application for a shale gas exploration right in South Africa’s Karoo basin.... 

Pasa to process Karoo shale gas exploration application

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... 

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

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

Latest News

more

Latest Videos

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
R/€ = 13.83Change: -0.12
R/$ = 11.04Change: -0.17
Au 1172.85 $/ozChange: 3.68
Pt 1231.00 $/ozChange: -0.50