http://www.miningweekly.com
R/€ = 15.99 Change: 0.10
R/$ = 14.01 Change: 0.20
Au 1221.51 $/oz Change: 6.02
Pt 845.50 $/oz Change: 3.71
 

Oil and Gas News

Kinder Morgan cleans up Trans Mountain spill as high noon looms

By: Henry Lazenby     29th May 2018 Canadian pipeline operator Kinder Morgan reported on Sunday that it is clearing medium crude blend from the Darfield pump station along the existing Trans Mountain pipeline, near Barriere, British Columbia, after oil spilled early on Sunday morning. Trans Mountain, owned by Kinder Morgan, said in... 

Maatla on track for coal project take-off

By: Melissa Zisengwe     25th May 2018 Coal and energy company Maatla Energy remains on track to start site establishment and construction activities later this year, and production in 2019 at the company’s Mmamabula coal mine, in Botswana. Following the approval of an environmental-impact assessment (EIA) last month, Maatla... 

Maatla on track for coal project take-off
Photo by Bloomberg
SIGNIFICANT RESOURCE The Mmamabula coal mine contains more than 90-million tonnes of high-grade thermal coal

Gamsberg producing by mid-year – Vedanta

By: Martin Creamer     23rd May 2018 The Gamsberg zinc project in South Africa’s Northern Cape is on track with production expected by the middle of this year, the London-listed, India-rooted Vedanta Resources said on Wednesday, when it reported higher revenue and profits and lifted its dividend yield for the year to 6%. Current... 

Gamsberg producing by mid-year – Vedanta
Photo by Dylan Slater
Vedanta chairperson Anil Agarwal

Woodside outlines plans for expanded Scarborough

By: Esmarie Iannucci     23rd May 2018 Australian oil and gas producer Woodside has increased the forecast capital investment to develop its Scarborough gas field from the previous estimate of between $8.5-billion and $9.5-billion to $11-billion. CEO Peter Coleman told an investor briefing on Wednesday that the increase in expected... 

Santos spurns Harbour offer, says own strategy offers more value

By: Esmarie Iannucci     23rd May 2018 Oil and gas major Santos has rejected the takeover offer from suitor Harbour Energy, telling shareholders on Wednesday that its own strategy would deliver more shareholder value. Harbour earlier this week increased its cash bid for Santos from $4.98 a share previously offered to $5.21 a share. 

Santos spurns Harbour offer, says own strategy offers more value

Oil pipeline plot thickens as British Columbia files Alberta suit over ‘tariff-like’ Act

By: Henry Lazenby     23rd May 2018 A significant disruption in the supply of gasoline, diesel and crude oil from Alberta to British Columbia would cause British Columbia “irreparable harm” and could “injure human health and safety in remote communities”, the provincial government argued in a statement of claim filed in Alberta's... 

Oil pipeline plot thickens as British Columbia files Alberta suit over ‘tariff-like’ Act

NT looks to US for shale gas inspiration

By: Esmarie Iannucci     21st May 2018 The Northern Territory government’s Primary Industry and Resource Minister Ken Vowles will be visiting the US as part of a government delegation to investigate global shale gas production. The territory government in April this year announced that it would lift a moratorium on fracking, after... 

Santos receives sweetened bid from Harbour

By: Esmarie Iannucci     21st May 2018 US-based suitor Harbor Energy has increased its cash bid for oil and gas major Santos, from $4.98 a share previously offered to $5.21 a share. The revised proposal, announced on Monday, is conditional on Santos undertaking additional hedging of oil-linked production in 2018 of about 30%, as well... 

Santos receives sweetened bid from Harbour

India reverses decision to privatise small, ageing oil and gas fields

By: Ajoy K Das     17th May 2018 Reversing its earlier decision to privatise small, ageing or underperforming oil and gas fields held by national exploration and production (E&P) companies, the Indian government has now directed companies to submit time-bound action plans to boost production from these assets. Earlier this year,... 

Harbour tweaks offer for Santos

By: Esmarie Iannucci     17th May 2018 Takeover target Santos has received a revised offer from suitor Harbour Energy Australia. While the offer price has not been revised from the previous $4.98 a share, the revised proposal included a number of significant changes to the transaction structure, including a US dollar cash offer with... 

Victoria opens new blocks for oil and gas exploration

By: Esmarie Iannucci     17th May 2018 The Victorian government has released five new oil and gas exploration blocks in the offshore Otway Basin, to assist in developing long-term natural gas supply. The areas being released are near major existing producing gas fields, established infrastructure and underground gas storage,... 

IFR legacy well test reports better-than-expected results

By: Creamer Media Reporter      17th May 2018 Calgary-based oil and gas company International Frontier Resources (IFR) has reported the first production from the successful workover of a legacy well at Tonalli Energia’s Tecolutla project – a joint venture between the company and Mexican petrochemical leader Grupo IDESA. “Rates from the TEC-2... 

Radebe sees energy contributing $25bn to South Africa’s $100bn investment target

By: Terence Creamer     16th May 2018 Energy Minister Jeff Radebe says one-quarter, or $25-billion, of South Africa's newly announced five-year investment target of $100-billion could be met through investments in new energy projects, including a possible new greenfield crude oil refinery and a gas pipeline linking South Africa to... 

Radebe sees energy contributing $25bn to South Africa’s $100bn investment target
Photo by Dylan Slater
Energy Minister Jeff Radebe

Short spell of mining hope dashed – Lorimer

By: Martin Creamer     16th May 2018 The short spell of hope for South Africa’s beleaguered mining sector, which burst forth with the election of Cyril Ramaphosa as President, has been dashed, Shadow Mineral Resources Minister James Lorimer said during the mineral resources budget debate. Applying the ‘learning nothing and... 

Short spell of mining hope dashed – Lorimer
Shadow Mineral Resources Minister James Lorimer

No deal yet for Santos shareholder

By: Esmarie Iannucci     16th May 2018 Shanghai-listed ENN Ecological Holdings on Wednesday refuted claims that it had reached an agreement with Santos suitor Harbour Energy over its 10.31% shareholding in the takeover target. ENN has advised Santos that the media speculation around its dealings with Harbour had been inaccurate,... 

Interconnected Carnarvon basin will get more LNG to market – Chevron

By: Esmarie Iannucci     15th May 2018 US oil and gas major Chevron has called for greater cooperation between industry players and the government to unlock future value in the Carnarvon basin, offshore Western Australia. Speaking at the Australian Petroleum Production and Exploration Association (Appea) conference, in Adelaide,... 

Australia East Coast gas prices seen rising as cheap gas supply dwindles

By: Esmarie Iannucci     15th May 2018 Australia’s East Coast gas prices are forecast to rise up to 30% to between A$10/GJ and A$13/GJ by the mid-2020s, as cheap gas supply continues to decline, advisory firm Wood Mackenzie has reported. Speaking at the Australian Petroleum Production and Exploration Association (Appea) conference,... 

Australia East Coast gas prices seen rising as cheap gas supply dwindles

Santos shrugs off ENN speculation

By: Esmarie Iannucci     15th May 2018 Oil and gas major Santos has urged shareholders not to take any action in relation to the Harbour Energy takeover offer, after media speculation emerged shareholders in the company had accepted the offer. Reports on Tuesday suggested that Santos shareholder ENN Ecological Holdings, which holds a... 

Rey buys Lennard Shelf, looks for partners

By: Esmarie Iannucci     14th May 2018 ASX-listed junior Rey Resources has signed an agreement with fellow-listed Key Petroleum and Indigo Oil to acquire the Lennard Shelf blocks, in Western Australia. Lennard Shelf constitutes one exploration permit, one retention lease and one production licence covering some 1 145 km2 of land... 

LNG exports put Australia oil and gas in trade surplus

By: Esmarie Iannucci     14th May 2018 The Australian oil and gas industry recorded a trade surplus for the first time in 13 years in 2016/17, new data from the Australian Petroleum Production and Exploration Association (Appea) has shown. Appea on Monday reported that owing to a 35% increase in the value of liquefied natural gas... 

LNG exports put Australia oil and gas in trade surplus

PNG LNG delivering economic promises - Oil Search

By: Esmarie Iannucci     14th May 2018 ASX-listed Oil Search has maintained that the Papua New Guinea liquefied natural gas (PNG LNG) project has been beneficial to the region, despite reports suggesting otherwise. Social justice advocates Jubilee Australia has claimed that the PNG LNG project has caused increased violence in PNG as... 

More agile Sherritt focused on building ‘cycle-proof’ balance sheet

By: Henry Lazenby     11th May 2018 Canadian diversified miner Sherritt International is focused on further strengthening its balance sheet, with a view to building a “cycle-proof” balance sheet as Class I nickel and cobalt prices rise, president and CEO David Pathe tells Mining Weekly Online. Building on from the late... 

More agile Sherritt focused on building ‘cycle-proof’ balance sheet
Photo by Reuters
Nickel ore

Higher metals prices prop up BC mining industry in 2017 – PwC

By: Creamer Media Reporter      10th May 2018 British Columbia's mining industry remained upbeat in 2017, as prices for most metals and minerals produced in the province continued to steadily recover from multiyear lows. Although most commodity prices remain below the record highs seen in 2011, the recent increases are part of an upward... 

Radebe links IRP certainty to Ramaphosa’s $100bn investment drive

By: Terence Creamer     10th May 2018 The long awaited update to South Africa’s Integrated Resource Plan (IRP) will be presented to Cabinet for its approval on August 15, Energy Minister Jeff Radebe confirmed on Thursday, adding that the document would provide much-needed certainty for investors in the electricity sector. The... 

Radebe links IRP certainty to Ramaphosa’s $100bn investment drive
Photo by Dylan Slater
Energy Minister Jeff Radebe

Gold industry running risk of becoming irrelevant – Bristow

By: Martin Creamer     10th May 2018 The gold mining industry is running the risk of becoming irrelevant to the investment community. “It hasn’t delivered much value for a long time,” Randgold Resources CEO Dr Mark Bristow commented to Mining Weekly Online during an interview to mark the company’s presentation of first-quarter... 

Gold industry running risk of becoming irrelevant – Bristow
Photo by Creamer Media
Randgold Resources CEO Dr Mark Bristow

US exit of Iran nuclear deal places new risks on $4bn India gas project

By: Ajoy K Das     10th May 2018 US President Donald Trump’s tearing up the multilateral nuclear deal with Iran has thrown a new spanner in works of India’s protracted plans to develop Farzad B offshore gasfields along the Persian Gulf coast. The consortium of Indian companies, led by national exploration and production (E&P)... 

US exit of Iran nuclear deal places new risks on $4bn India gas project

Pipeline impasse to cost Canada C$15.8bn this year 

By: Henry Lazenby     10th May 2018 Canada can expect to incur up to C$15.8-billion in lost revenues this year because of pipeline capacity bottlenecks in the country, and fervent opposition to building new pipelines that can open new markets for the domestic industry. A new report by Canadian independent policy think tank, the... 

Aurora takes issue with transfer of Molopo’s Orient project

By: Esmarie Iannucci     9th May 2018 Suitor Aurora Funds Management has raised concerns with the Australian Securities and Investment Commission and the Australian Securities Exchange over recent actions from takeover target Molopo Energy. Molopo this week informed shareholders that the company had taken full ownership of the... 

Shell sells out of Canadian Natural position for C$4.3bn

By: Henry Lazenby     8th May 2018 British–Dutch multinational oil and gas company Royal Dutch Shell has agreed to sell its entire stake in Calgary, Alberta-based company Canadian Natural Resources in a deal valued at about C$4.3-billion. Shell has reached agreement with underwriters Goldman Sachs & Co, RBC Capital Markets,... 

Shell sells out of Canadian Natural position for C$4.3bn

Govt lends approvals assistance to offshore Transborders LNG project

By: Esmarie Iannucci     8th May 2018 The federal government has granted special project status to the A$1.6-billion offshore gas project being developed by unlisted Transborders Energy. Perth-based Transborders Energy is planning a floating liquefied natural gas (FLNG) project, which is expected to increase Australia’s LNG exports... 

Govt lends approvals assistance to offshore Transborders LNG project

Taxpayers federation to seek intervenor status in pipeline, carbon tax lawsuits

By: Henry Lazenby     8th May 2018 The Canadian Taxpayers Federation (CTF) will seek standing as an intervenor in two upcoming court reference cases launched by the governments of British Columbia and Saskatchewan. In British Columbia, the provincial government is asking the courts if they have the power to regulate oil shipments,... 

IFR JV hits Tecolutla TEC-10 target in Mexico

By: Henry Lazenby     7th May 2018 Calgary-based oil and gas explorer International Frontier Resources (IFR) announced on Monday that its joint venture Tonalli Energia has reached the intended depth for its first evaluation well on its onshore Tecolutla block TEC-10 well. In partnership with Mexican petrochemical leader Grupo... 

Qatar steps in to buy Rosneft stake after China deal collapses

By: Bloomberg     7th May 2018 Qatar emerged as a major shareholder in Rosneft on Friday after a $9-billion deal to sell a stake in Russia’s State-run oil producer to China’s troubled CEFC Energy collapsed. Qatar Investment Authority stepped in after the sellers – a consortium of QIA itself and mining giant Glencore – told... 

BP said to tap Morgan Stanley as it weighs buying BHP assets

By: Bloomberg     4th May 2018 BP is weighing an acquisition of some of BHP Billiton’s energy assets as the British oil major seeks more US shale, according to people familiar with the matter. The London-based company is working with Morgan Stanley to advise on the plans, said the people, asking not to be identified as the... 

Canadian feds to intervene in BC reference question

By: Henry Lazenby     4th May 2018 Ottawa announced on Thursday that it will intervene in the constitutional reference case filed by the government of British Columbia under the British Columbia Constitutional Questions Act. “We are confident in Parliament’s jurisdiction and will intervene on the question in order to defend our... 

Canadian feds to intervene in BC reference question

Zimbabwe to sign $700m coal-bed methane deal this month

By: Bloomberg     3rd May 2018 Zimbabwe’s government plans to sign a $700-million deal with an investor that will develop a coal-bed methane site, Mines Minister Winston Chitando said. The accord comes as new President Emmerson Mnangagwa, who took office in November, courts foreign investment to rebuild an economy that halved... 

Foreign bidders give India’s maiden open acreage oil, gas block auction a miss

By: Ajoy K Das     3rd May 2018 International oil and gas exploration and production (E&P) majors have stayed away from the first round of India’s oil and gas fields auction. According to the sector regulator, Directorate General of Hydrocarbons (DGH), 110 bids have been received for 55 onshore and offshore oil and gas blocks,... 

AERA report sees further growth in Australia’s gas sector

By: Esmarie Iannucci     3rd May 2018 The latest assessment of Australia’s energy resources has found that the country contains nearly 600 times its total primary domestic energy consumption in the form of economic demonstrated resources (EDRs). “Australia has in excess of 3.5-million petajoules of EDRs, like coal, gas oil and... 

AERA report sees further growth in Australia’s gas sector

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
Free daily email newsletter Register Now
Register Close