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OIL & GAS

Beach hits record production in full year

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ASX-listed Beach Energy has reported record full-year production during the year ended June, along with record full year sales. During the year ended June, Beach produced 9.6-million barrels of oil equivalent, a 20% increase on the previous...
29th July 2014
 
 
OIL & GAS

LNG buys Canada project from Anadarko subsidiary

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ASX-listed Liquefied Natural Gas (LNG) would spend $11-million to acquire the Bear Head LNG project, in Canada, from a subsidiary of Anadarko Petroleum Corporation. The Bear Head project includes 225 acres comprising industrial-zoned land and...
28th July 2014
 
 
OIL & GAS

Minister launches drill operation for first S African offshore deep-water well

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Mineral Resources Minister Advocate Ngoako Ramatlhodi on Thursday officially launched the drill operation for South Africa’s first offshore deep-water well, south of Mossel Bay. The well, which would be operated by petroleum company Total, gave...
24th July 2014
 
 
DIVERSIFIED MINER

Freeport-McMoRan reports improved Q2 revenues

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Grasberg, Indonesia US diversified miner Freeport-McMoRan on Wednesday reported improved revenues for the three months ended June 30, as the company’s diversification into oil and gas exploration and production was paying off. The Phoenix, Arizona-based global...
23rd July 2014
 
 
CORPORATE ACTIVITY

Antares shareholders vote to keep board

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The shareholders of ASX-listed Antares Energy on Wednesday threw their support behind the company’s board, subverting a call from shareholder Lone Star Value Management to replace the current board. In May, Lone Star, which owns a 6%...
23rd July 2014
 
 
SHALE ENERGY

Anti-fracking lobby seeks new moratorium, keeps legal powder dry

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Anti-fracking lobby group Treasure the Karoo Action Group (TKAG) and social rights group AfriForum hand delivered a letter to President Jacob Zuma this week calling on him to declare a fresh moratorium on hydraulic fracturing in South Africa, or...
22nd July 2014
 
 
OIL & GAS

Oil Search ups full-year output

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Full year production at ASX-listed Oil Search has exceeded expectations following a strong June quarter, the miner reported on Tuesday. Production in the fourth quarter reached 1.77-million barrels of oil equivalent, taking the full year...
22nd July 2014
 
 
ENERGY

Joemat-Pettersson reaffirms plan to expand role of gas, nuclear in SA mix

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Energy Minister Tina Joemat-Pettersson Energy Minister Tina Joemat-Pettersson placed significant emphasis on the development of gas, including shale gas, and nuclear in her inaugural Energy Budget Vote to lawmakers in Cape Town on Monday. In an address framed by President Jacob...
21st July 2014
 
 
 
 
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