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Oil and Gas News

Filtration company facilitates required high quality for fuel

By: Tasneem Bulbulia     29th June 2018 With clean, uncontaminated fuel being the key to optimal fuel system performance and longevity for modern diesel engines used in the mining industry, filtration designer and manufacturer Cummins Filtration is ensuring that its products and services cater to this. This entails the proper... 

Company poised to capitalise on burgeoning grease market

By: Tasneem Bulbulia     29th June 2018 Lubricants specialist FUCHS Lubricants South Africa (FUCHS SA) expects that the demand for high-quality greases will grow “significantly” in all spheres of the market, and is, therefore, equipped to meet and exceed the mining market’s requirements for this through its newly commissioned grease... 

Company poised to capitalise on burgeoning grease market
ENHANCHED CAPABILITIES FUCHS SA’s newly-commissioned grease manufacturing plant will allow the company to increase its production of speciality greases

India permits oil exploration agencies to go beyond contracted geographical area

By: Ajoy K Das     28th June 2018 In a bid to offer explorers the option of maximizing production, India’s Petroleum and Natural Gas Ministry has permitted oil and natural gas exploration projects to extend operations beyond geographically demarcated contract areas in instances where discoveries are contiguous and stretch beyond... 

Radebe initiates bilaterals with Moz and Namibia on cross-border gas prospects

By: Terence Creamer     27th June 2018 Energy Minister Jeff Radebe initiated bilateral discussions with Mozambique this week regarding the further development of the cross-border gas infrastructure linking South Africa’s energy and chemicals sectors to Mozambique’s vast natural gas resource. Well over 100-trillion cubic feet (tcf) of... 

Radebe initiates bilaterals with Moz and Namibia on cross-border gas prospects
Ministers Jeff Radebe and Gugile Nkwinti with SADC deputy executive secretary Dr Thembinkosi Mhlongo

IEA sees gas demand growth of 1.6% a year, China to become largest importer

By: Esmarie Iannucci     27th June 2018 A new report by the International Energy Agency (IEA) has shown that global gas demand will grow at an average rate of 1.6% a year, reaching just more than 4.1-trillion cubic metres in 2023. This forecast compares with demand of 3.74-tillion cubic metres in 2017, the IEA noted in its ‘Gas 2018’... 

IEA sees gas demand growth of 1.6% a year, China to become largest importer

South Africa to align energy plans with SADC gas master plan

By: Terence Creamer     26th June 2018 Energy Minister Jeff Radebe has promised greater alignment between South Africa’s energy plans, included the new Integrated Resource Plan (IRP) for electricity, with a regional gas master plan, which is currently under development within the the 16-country Southern African Development Community... 

South Africa to align energy plans with SADC gas master plan
Photo by Dylan Slater
Energy Minister Jeff Radebe

New gas pipeline opened in Queensland

By: Esmarie Iannucci     26th June 2018 The resources industry has welcomed the completion of the 50-km Reedy Creek Wallumbilla pipeline, which connects Australia Pacific Liquefied Natural Gas’ (APLNG’s) Reedy Creek processing facility with the Wallumbilla gas supply hub in Queensland’s Surat basin. The Australian Petroleum Production... 

Jindal Steel South Africa units file for business protection

By: Bloomberg     26th June 2018 South African units of Jindal Steel & Power filed for a local form of bankruptcy protection known as business rescue this month. Jindal Mining SA, Jindal Africa Investments and Eastern Solid Fuels filed notice of the voluntary proceedings on June 12, according to documents posted on Jindal... 

AEMO sees no gas supply gaps to 2030

By: Esmarie Iannucci     22nd June 2018 The latest Gas Statement of Opportunities (GSOO) by the Australian Energy Market Operator (AEMO) has found that market intervention, new supply and lower demand have avoided a potential energy shortfall. The AEMO in late 2017, warned of a substantial shortfall in gas for the east coast of... 

AEMO sees no gas supply gaps to 2030

China continues to encourage foreign mining investment

By: Rebecca Campbell     22nd June 2018 In early April the People’s Republic of China established a new Ministry, that of Natural Resources (MNR). The creation of the new Ministry was part of a programme to restructure the country’s State Council (Cabinet). The MNR took over all the responsibilities of the previous (and now... 

China continues to encourage foreign mining investment

Indonesia may finalise new mining law by month-end

By: Nadine James     22nd June 2018 News of a new Indonesian mining law first emerged in 2016, and the draft legislation has been revised several times since, US-based international law firm Bryan Cave Leighton Paisner partner and foreign legal consultant Marius Toime noted in a legal opinion last month. Some of the country’s major... 

Senex and Jemena strike deal to fast-track project for east coast gas supply

By: Esmarie Iannucci     18th June 2018 ASX-listed Senex Energy has struck an agreement with infrastructure operator Jemena to partner on the accelerated development of Project Atlas, in Queensland, to deliver first gas to the domestic market by late 2019. Under the agreement, Jemena will build, own and operate a gas processing... 

Santos awards Barossa contracts

By: Esmarie Iannucci     18th June 2018 Oil and gas major Santos has awarded three major engineering contracts on the front-end engineering and design (FEED) phase of its Barossa offshore project. Santos on Monday said that separate engineering contracts for the proposed floating production storage and offloading facility (FPSO) have... 

Second LNG train at Wheatstone starts up

By: Esmarie Iannucci     15th June 2018 Liquefied natural gas (LNG) production from the second train at the Wheatstone project, near Onslow in Western Australia, has started. US major Chevron said on Friday that the Wheatstone project is expected to produce 8.9-million tonnes a year of LNG over an estimated 30-year mine life, adding... 

Second LNG train at Wheatstone starts up

A$13bn takeover bid for APA Group

By: Esmarie Iannucci     14th June 2018 Energy infrastructure business APA Group has received a near A$13-billion takeover offer from a consortium led by CK Infrastructure Holdings. The indicative and non-binding proposal was offering APA shareholders A$11 in cash for each stapled security, and permitted a distribution of no more... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins

By: Martin Creamer     12th June 2018 South Africa has succeeded in creating a meticulous set of mineral reporting codes that continue to gain international recognition. The South African Mineral Reporting Codes (Samcodes), which protect investors, are currently so highly regarded that in October South Africa will host a large... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins
Photo by Dylan Slater
Samcodes standards committee chairperson Matt Mullins (left) and Mining Weekly Online's Martin Creamer

NT shale gas reference group established

By: Esmarie Iannucci     11th June 2018 The Northern Territory government has established an Onshore Shale Gas Community and Business Reference Group as part of its efforts to reform the shale gas industry in the region. The reference group was one of the recommendations delivered by a Scientific Inquiry into Hydraulic Fracturing in... 

Suncor production well-positioned for the remainder of the year

By: Simone Liedtke     8th June 2018 Energy company Suncor produced, on average, about 636 000 bbl/d of oil equivalent so far in the second quarter. This follows the completion of major planned turnaround activities and strong production from growth projects. 

Victoria seeks to unlock more affordable gas for residents

By: Esmarie Iannucci     8th June 2018 The Victorian government is hoping to unlock more gas supply to provide residents in the state with greater access to affordable gas. The state government on Friday announced that the Victorian Gas Programme (VGP) will be encouraging new commercial offshore gas exploration through the release of... 

Venezuelan oil crisis threatens to turn ONGC Videsh asset

By: Ajoy K Das     8th June 2018 India’s ONGC Videsh’s, the overseas arm of national oil exploration and production (E&P) major ONGC Limited, hopes of recovering $450-million of past dues has receded into uncertainty. ONGC Videsh holds a 40% stake in San Cristobel oilfields, in Venezuela, but is yet to receive a dividend payout... 

MMEC conference outlook indicative of state of mining industry

By: Melissa Zisengwe     8th June 2018 The increase in international participation at the sixth edition of the Mozambique Mining, Energy and Natural Gas Conference (MMEC) reflected the state of the Mozambique mining industry, which is an emerging market, says event organiser AME Trade. The conference was held in Maputo on April 25 and... 

MMEC conference  outlook indicative of  state of mining industry
SIXTH EDITION The Mozambique Mining, Energy and Natural Gas Conference was held in Maputo on April 25 and 26

No let up on calls for flow-through model to boost exploration

By: Martin Creamer     7th June 2018 The failure to raise risk capital for greenfields exploration in South Africa was highlighted at this week’s Junior Indaba, where there was no let up on calls for the adoption of a proven Canada-type flow-through share scheme, and ongoing criticism of the unintended consequences of South Africa’s... 

No let up on calls for flow-through model to boost exploration
Photo by Wynand van der Merwe
JSE business development manager Patrycja Kula-Verster

GLNG ships milestone cargo

7th June 2018 The Gladstone liquefied natural gas (GLNG) project has shipped its 200th LNG cargo from Curtis Island to Korea. “For the next two decades, the International Energy Agency expects natural gas to grow more than any other energy type, to a market share of more than a quarter of all global energy... 

Resources, oil & gas sectors drive Australian GDP growth in Q1

By: Esmarie Iannucci     7th June 2018 The resources and oil and gas sectors have continued to drive the Australian economy during the March quarter, with the Australian Bureau of Statistics (ABS) revealing that the sectors were the main drivers to a 1% increase in Australia’s gross domestic product (GDP) during the period. The... 

Resources, oil & gas sectors drive Australian GDP growth in Q1

Congo mining revenues triple in Q1; oil revenues down 11%

By: Reuters     6th June 2018 Democratic Republic of Congo's (DRC's) revenues from its mining sector tripled year-on-year in the first quarter of 2018 to $397.86-million, finance ministry data showed. Revenues from the oil and gas sector dropped 10.87 percent year-on-year in the first quarter to $29.45-million, according to... 

Current mining ‘boom’ very different to last one – CRU

By: Martin Creamer     6th June 2018 A return of capital expenditure (capex) and inorganic sources of growth are seen as a key corporate priority for 2018 and beyond, CRU Group senior consultant Aleksander Popovic said on Wednesday. The provider of marketing intelligence to mining told the Junior Indaba that the company’s... 

Current mining ‘boom’ very different to last one – CRU
Photo by Dylan Slater
CRU Group senior consultant Aleksander Popovic

BHP is said to get shale bids valuing unit at up to $9bn

By: Bloomberg     6th June 2018 BHP Billiton has received first-round bids for its US shale portfolio from oil majors including BP and Chevron, valuing the unit at $7-billion to $9-billion, people familiar with the matter said. Royal Dutch Shell, partnering with private equity firm Blackstone Group, also submitted a bid for the... 

BHP is said to get shale bids valuing unit at up to $9bn

Rwanda says mineral export earnings rose to $373m last year

By: Reuters     5th June 2018 Earnings from Rwanda's mineral exports more than doubled to $373-million last year from the previous 12 months, supported by a rebound in global prices of commodities, a top official said. After meeting sector players in the capital Kigali on Tuesday, Francis Gatare, chief executive at Rwanda... 

AIE selects Port Kembla for A$300m LNG import terminal

By: Esmarie Iannucci     5th June 2018 The Australian Industrial Energy (AIE) consortium has selected Port Kembla, in New South Wales, as the site for the first A$300-million liquefied natural gas (LNG) import terminal. The proposed terminal will have the ability to supply more than 100 PJ/y of LNG, sufficient to meet over 70% of... 

Govt foots gas plant refurbishment bill

By: Esmarie Iannucci     5th June 2018 The federal government will award privately held Australian Gasfields A$2-million in funding to bring forward the refurbishment and restart of the Eromanga and Gilmore gas plants, in south west Queensland, by a year. The funding will come from the government’s A$26-million Gas Acceleration... 

Oil and gas industry contributing greatly to economy - Appea

By: Esmarie Iannucci     1st June 2018 Australia’s oil and gas industry contributed some A$27-billion to the country’s economy in 2016/17, new data from the Australian Petroleum Production & Exploration Association (Appea) reported this week. “The economic footprint of the oil and gas industry goes far beyond its production wells and... 

Oil & gas, mining industries anxious about top brass succession planning

By: Henry Lazenby     31st May 2018 There is real anxiety in the oil and gas and mining industries regarding the lack of aptitude to replace an ageing top-level management talent pool, Stephen Diotte, partner and head of leadership services for Odgers Berndtson tells Mining Weekly Online. He recently joined the executive search... 

Oil & gas, mining industries anxious about top brass succession planning

Private equity firm makes A$530m cash bid for Sino Gas

By: Esmarie Iannucci     31st May 2018 ASX-listed Sino Gas & Energy has received a A$530-million cash offer from private equity firm Lone Star, which the Sino board has unanimously recommended. Lone Star is offering Sino shareholders 25c a share in cash for their holdings in the ASX-listed company, which was a 19% premium to the... 

Santos announces A$400m Gladstone LNG investment

By: Esmarie Iannucci     31st May 2018 Oil and gas major Santos and its joint venture partners in the Gladstone liquefied natural gas (GLNG) project, will invest more than A$400-million on the 137-well Arcadia gas project, in the Bowen basin. Santos said on Thursday that the A$400-million Arcadia investment was in addition to the... 

Santos announces A$400m Gladstone LNG investment

Ottawa buys Kinder Morgan pipeline, expansion project for C$4.5bn

By: Henry Lazenby     29th May 2018 Ottawa announced on Tuesday that it has reached agreement with pipeline builder and operator Kinder Morgan to buy the existing Trans Mountain pipeline and associated controversial expansion project for C$4.5-billion, in the clearest-yet government signal that the oil expansion project is of... 

Ottawa buys Kinder Morgan pipeline, expansion project for C$4.5bn
Photo by Reuters
Canada's Finance Minister Bill Morneau speaks while Mining Minster Jim Carr listens during a news conference in Ottawa

Tullow Oil picks Australia's Worley Parsons for Kenya contract

By: Reuters     29th May 2018 Tullow Oil has awarded an engineering design contract for oil production in its northern Kenyan blocs to Australia's Worley Parsons, a Kenyan petroleum ministry official told Reuters on Tuesday. Kenya this month moved a step closer to full production at the blocs when the local government and the... 

GAIL India seeks to maintain its gas pipeline business

By: Ajoy K Das     29th May 2018 Indian government-owned natural gas importer and infrastructure provider GAIL India has agreed, in principle, to unbundle its gas marketing and pipeline operational business, but only after a domestic gas trading hub has been established and a trading market has developed to an optimal level.... 

Brazil deal to end truckers' strike rattles Petrobras investors

By: Reuters     29th May 2018 Petrobras shares plunged 15% on Monday after Brazil's government offered new fuel subsidies and softened the oil producer's pricing policy in a bid to settle a truckers' strike that has wreaked havoc on Latin America's largest economy. As a result of tax cuts and subsidies announced by President... 

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