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India extends Vedanta’s contract for Rajasthan oil, gas fields

By: Ajoy K Das     30th October 2018 The Indian government has granted a ten-year extension to Vedanta’s contract for exploration and production at the Barmer oil and gas block in the central state of Rajasthan, possibly signalling the end of litigation between the company and government. "The government, acting through the... 

Saudi miner Ma'aden actively looking for overseas investments - CEO

By: Reuters     26th October 2018 Saudi Arabian Mining Co (Ma'aden), the Gulf's largest miner, is actively looking for investment opportunities overseas that would complement and strengthen its business inside the kingdom, the company's CEO said on Thursday. Ma'aden, which mines gold and copper and has in recent years expanded... 

Lake Charles on track and within budget

By: Halima Frost     26th October 2018 Next year will be a defining year for petrochemicals and chemicals company Sasol, with the start-up of its Lake Charles Chemical Project (LCCP), in the US, which is earmarked as a catalyst for transforming Sasol’s earnings profile. In its 2018 annual results, Sasol announced that it had achieved... 

BHP iron-ore output up, FY copper guidance trimmed

By: Esmarie Iannucci     17th October 2018 Diversified giant BHP has reported increases in copper and iron-ore production during the three months to September, while petroleum and coal production fell. Iron-ore production for the three months to September was up by 10% on the previous corresponding period, to 61-million tonnes of ore,... 

North Africa’s overreliance on hydrocarbons under the spotlight at Uneca-convened meeting

By: Nadine James     5th October 2018 The United Nations Economic Commission for Africa (Uneca) office in North Africa initiated an expert group meeting in Morocco last week, to tackle North Africa’s overreliance on hydrocarbons and its policy environment under the theme: “Quality of institutions and structural transformation:... 

Consulting firm optimises project delivery

28th September 2018 Independent advisory and consulting arm of engineering service company WorleyParsons and networking sponsor of this year’s Joburg Indaba, Advisian, is optimising project delivery across Africa. Advisian provides solutions for clients in the hydrocarbons, minerals and metals, chemicals, and... 

ADVISIAN appoints Mervyn Stevens to Mining & Mineral Processing lead role.

By: Creamer Media Reporter      20th September 2018 Advisian, the independent consulting business of WorleyParsons, has appointed Mervyn Stevens as Managing Consultant, Mining & Mineral Processing, Europe, Middle East and Africa (EMEA). Mervyn has specialist expertise in design, commissioning, process optimization, mine production management and... 

Congo mining revenues triple in H1; oil revenues fall by a third

By: Reuters     10th September 2018 Democratic Republic of Congo's revenues from its mining sector nearly tripled in the first half of 2018 over the same period last year to $864.61-million, the finance ministry said. Revenues from the hydrocarbons sector, however, declined by a third to $67.75-million, the ministry said in a... 

Advisian, WorleyParsons’ consulting business optimises project delivery

By: Creamer Media Reporter      31st August 2018 Advisian, the independent advisory and consulting arm of WorleyParsons, is leading the way in optimising project delivery across Africa. Adam Boughton, Sectors Director for EMEA, elaborates on how Advisian is helping its customers change their game, by providing solutions to their critical... 

John Ratcliffe displays wide range of products at Electra Mining

23rd August 2018 Since 1973, filtration and safety equipment supplier John Ratcliffe has focused on providing clients with a range of quality filtration, exhaust and safety equipment. Some of these products will be exhibited at this year’s Electra Mining Africa trade show and include the HJS sintered-metal... 

ALCORE gets global licence for technology

By: Esmarie Iannucci     8th August 2018 ASX-listed Australian Bauxite has told shareholders that its ALCORE subsidiary would have the global licence rights for bauxite refining using the ALCORE technology. The global licence will allow ALCORE to build multiple plants in any location to meet the growing demand for aluminium fluoride... 

India to shift to revenue sharing contracts at oilfields auction next month

By: Ajoy K Das     30th July 2018 KIndia will usher in a shift to revenue-sharing contracts and scrap production sharing contracts (PSCs) when the government auctions 60 discovered small oilfields next month. The government will put up for auction 22 fields owned by national oil exploration and production (E&P) major ONGC, five... 

South Africa lacks funding for capital-intensive mining, needs to encourage foreign investment

By: Martin Creamer     27th July 2018 The South African mining industry is huge and contributes immensely to the balance of payments through exportation, but it could never have got off the ground without foreign investment. Even when South Africa’s savings was considerably bigger than it is now and even before banks stepped back... 

Going Beyond 67 Minutes

By: Creamer Media Reporter      19th July 2018 Embracing the spirit of Nelson Mandela’s legacy is more than a 67-minute project on Mandela Day for WorleyParsons. It forms an integral component of the project delivery company’s daily corporate philosophy, from contributing to its own communities, to delivering customer projects that make a... 

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... 

Regency Mines contributes $2m to own 47% of US met coal JV

By: Marleny Arnoldi     6th June 2018 Aim-listed hydrocarbons and base metals miner Regency Mines has deposited $2-million in escrow, pending completion of the joint venture (JV) funding with privately-owned mining company Legacy Hill, which will see Regency owning 47% of Mining Equity Trust (MET) – a new Delaware-incorporated... 

Guinea retains mining minister in Cabinet reshuffle

By: Bloomberg     28th May 2018 Guinea’s President Alpha Conde appointed a new 33-member Cabinet in which Abdoulaye Magassouba was retained as mines and geology minister, according to a decree read on the West African country’s state-owned broadcaster on Saturday. Mamady Camara, who was Guinea’s ambassador to South Africa, was... 

Lemur Concludes Concession Agreement with the Government of Madagascar for the Imaloto Power Project

22nd May 2018 Bushveld Minerals, the AIM-listed integrated vanadium producer with additional investments in coal, power and tin, is pleased to provide the following update in respect of Lemur Holdings Limited ("Lemur"), Bushveld's coal and energy subsidiary that is developing an integrated thermal coal mining... 

Vale confirms reduced Moz production forecast for 2018 as bad weather takes toll

By: Rebecca Campbell     18th May 2018 Vale Mozambique, the predominantly (but not wholly) owned subsidiary of Brazilian mining group Vale, still has to consolidate its coal producing process at its Moatize mine in Mozambique’s Tete province, to be able to achieve its full export capacity. This was stated by Vale Mozambique CEO Mário... 

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,... 

International Frontier partnership spuds first hole at Mexican Tecolutla block

By: Henry Lazenby     13th April 2018 Calgary-based oil and gas developer International Frontier Resources (IFR) announced on Thursday that the first evaluation well, TEC-10, has been spudded at its onshore Tecolutla block, in Mexico, which it is developing in partnership with Mexican joint venture (JV) partner Tonalli Energia. The... 

Coal India to scout for global CBM technology, production partner

By: Ajoy K Das     12th April 2018 With India’s Cabinet Committee for Economic Affairs (CCEA) on Wednesday liberalising rules for coalbed methane (CBM), Coal India Limited (CIL) will shortly start scouting for global technology and production partners to extract the gas from coal blocks that it holds. While detailed search plans... 

India extends last date of auction bids for oil and gas fields

By: Ajoy K Das     28th March 2018 Expecting greater response from international oil and gas exploration and production (E&P) majors, the Indian government has extended by a month the last date for submission of bids for 55 oil and gas blocks under the newly framed Open Acreage Licensing Policy (OALP). Government officials said... 

Erin Energy widens loss despite higher oil price lifting revenue

By: Simone Liedtke     16th March 2018 Oil and gas exploration and production company Erin Energy has widened its net loss to $151.9-million, or $0.71 a share, in 2017, from $142.4-million, or $0.67 a share in 2016. The loss comes despite a 30% increase in revenue to $101.2-million and lower exploration and production expenses. The... 

ONGC blames policies for Krishna-Godavari delay

By: Ajoy K Das     27th February 2018 India’s national exploration and production (E&P) major, ONGC has said that it would miss the June 2019 deadline to start production from its deep-water Krishna-Godavari (KG) oil and gas block on the east coast. In a regulatory filing, ONGC cited changes in government policy as the reason for... 

BHP Billiton expects drilling of first new Trion well to begin in October

By: Reuters     16th February 2018 Drilling of the first new exploration well in BHP Billiton's deepwater Trion project will begin in October, part of a plan approved by Mexican regulators on Thursday that also revised downward the project's estimated oil and gas resources. Australian mining and oil giant BHP Billiton won the... 

Relief for Cape Town as mining indaba proceeds despite water shortage

By: African News Agency      9th February 2018 The acute water shortage in South Africa’s tourism capital Cape Town almost cost it crucial revenue when the organisers of an annual international mining conference considered scrapping this year's event in the city. But the Investing in African Mining Indaba went ahead this week despite strict... 

Leeway proposed for exploration projects in existing oil and gas fields

By: Ajoy K Das     31st January 2018 The Indian government is likely to permit existing oil and gas field operators to undertake new exploration projects within their existing licensing area even as it goes ahead to woo new investors through auction of 55 discovered oil and gas fields. In a leeway to be offered by the Directorate of... 

Consultancy to partner with black entrants as they acquire Tier 1 coal assets

By: Martin Creamer     26th January 2018 Project delivery and engineering consultancy WorleyParsons RSA is once again answering the call for transformation and broader economic participation of previously disadvantaged South Africans. The company’s latest initiative is black entrepreneur development in coal, which will be its key focus... 

Consultancy to partner with black entrants as they acquire Tier 1 coal assets 

By: Martin Creamer     26th January 2018 Project delivery and engineering consultancy WorleyParsons RSA is once again answering the call for transformation and broader economic participation of previously disadvantaged South Africans. The company’s latest initiative is black entrepreneur development in coal, which will be its key focus... 

India resumes oil and gas block auctions after eight-year hiatus

By: Ajoy K Das     17th January 2018 India will on Thursday hold its first oil and gas auction in eight years, with 55 blocks up for grabs. The auction will also mark the first time that such assets will be allocated under the newly framed Open Acreage Licensing Program (OALP). 

IFR gains Mexican drilling permit

By: Henry Lazenby     13th January 2018 The TSX-V-listed equity of oil and gas explorer International Frontier Resources (IFR) has gained about two-thirds this week after it announced on Thursday that it has received a drilling permit for its Tecolutla onshore oil and gas block, which it is developing with its Mexican joint venture... 

India’s plan to privatise 15 oil and gas blocks runs into opposition

By: Ajoy K Das     28th November 2017 National exploration and production (E&P) major ONGC is opposing the Indian government’s plans to offer private investors a controlling interest in 15 oil and natural gas blocks held by government-owned entities. Senior ONGC technologists and officials have taken up the issue with the Prime... 

Waitsia reserves increased by 78%

By: Esmarie Iannucci     14th November 2017 An independent review of the Waitsia gas field, in Western Australia, has increased the 2P reserves by some 78%, ASX-listed AWE reported on Tuesday. The review by Perth-based RISC Operations estimated a gross 2P reserve of 811 PJ, with AWE telling shareholders that the increase reflected the... 

Oil prices still struggling but huge potential ahead for Africa

By: Kim Cloete     26th October 2017 Experts from UK-based Standard Chartered Bank expect the oil price will remain in the $45/bl to $60/bl-plus range. “We are in a lower for a longer cycle,” Standard Chartered Bank global head of energy and natural resources Peter Gaw told delegates at the Africa Oil Week, in Cape Town. 

Chevron cans $400m Great Australian Bight drilling plan

By: Esmarie Iannucci     13th October 2017 US oil and gas major Chevron will abandon its $400-million exploration programme in the Great Australian Bight, saying drilling in the region could not compete for capital in Chevron’s global portfolio, given the low oil price environment. “We appreciate the strong support from governments,... 

Tanzanian mining sector facing tough times

13th October 2017 The Tanzanian mining sector has been hardest hit by regulatory changes in the country, with investors in other sectors also adopting a more cautious stance, which will present headwinds to growth in the long term, says research firm BMI Research. A recent dispute between the Tanzanian government... 

PetroSA upbeat about gas exploration

By: Kim Cloete     12th September 2017 Despite a slowdown in exploration and an underinvested industry, South Africa still holds great prospects for exploration in gas, believes PetroSA chief geophysicist Peter Dekker. He told delegates at the South African Geophysical Association (Saga) conference, in Somerset West, that there were... 

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