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Oil & Gas
 
OIL PIPELINE

Panel advises federal government to approve C$7.9bn Northern Gateway pipeline – with conditions Restricted

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A federal joint review panel for the proposed Enbridge Northern Gateway project on Thursday recommended that, subject to 209 required conditions, the federal Canadian government approve the Northern Gateway pipeline project. The pipeline would...
20th December 2013
 
 
SHALE GAS

Petronas subsidiary now Sasol’s new partner in Canada shale gas assets Restricted

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Energy and chemicals group Sasol has decided not to exercise its right of first refusal to match a C$1.5-billion bid from Progress Energy for part of Talisman Energy’s Montney acreage in Canada. In terms of Sasol’s existing agreement with...
17th December 2013
 
 
AUSTRALIA SKILLS

Australia's demand for skills shifts from construction workers to specialists Restricted

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As Australia’s resources sector shifts from construction into operations and as major oil and gas projects come become operational, a new industry response on skills development is needed to avoid an undersupply of critical skills. This is one of...
16th December 2013
 
 
LIQUEFIED NATURAL GAS

Chevron raises cost estimate for Gorgon to $54bn Restricted

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US energy major Chevron has raised the price tag of the Gorgon liquefied natural gas (LNG) project by $2-billion to about $54-billion. Earlier this year, the project, which is jointly owned by Chevron, ExxonMobil, Shell, Osaka Gas, Tokyo Gas and...
12th December 2013
 
 
OIL AND GAS

Woodside expects Leviathan decision by 2014 Restricted

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Oil and gas major Woodside said on Tuesday that it expected to see a final decision on its Leviathan project, in Israel, in the first half of 2014. During 2013, Woodside’s capital expenditure decreased from an expected $2.3-billion to only...
10th December 2013
 
 
M&A

Alpha Natural Resources agrees to sell Mercellus JV interest Restricted

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Coal producer Alpha Natural Resources’ NYSE-listed stock rose by a dollar apiece after announcing on Monday that it had agreed to sell its 50% interest in the Alpha Shale Resources joint venture (JV) to JV partner Rice Energy for $300-million in...
9th December 2013
 
 
SHALE GAS

First phase of shale gas exploration launched in Eastern Cape Restricted

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The Eastern Cape Department of Economic Development, Environmental Affairs and Tourism (DEDEAT) has launched the two-year, R16-million, first phase of shale gas exploration across four of its district municipalities. The department stated that...
9th December 2013
 
 
CAPITAL RAISING

LNG hopes to raise A$15.3m for Magnolia development Restricted

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Natural gas developer Liquefied Natural Gas (LNG) on Monday announced that it would raise between A$15.3-million and A$16.2-million to fund the development of its Magnolia project, in the US. LNG would place about 45-million new fully paid...
9th December 2013
 
 
 
 
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