R/€ = 16.39 Change: -0.01
R/$ = 14.50 Change: -0.01
Au 1313.16 $/oz Change: 0.80
Pt 844.00 $/oz Change: -21.74


India offers fresh incentives to oil, gas E&P companies

By: Ajoy K Das     25th February 2019 n a bid to increase domestic output and fuel investments in the sector, the Indian government has approved offering marketing and pricing freedom to oil and natural gas exploration and production (E&P) companies for their yet-to-be developed assets. In addition, the government has offered a... 

BHP approves $696m for Gulf of Mexico expansion

By: Esmarie Iannucci     13th February 2019 Mining major BHP on Wednesday approved $696-million in funding to develop the Atlantis Phase 3 project, in the Gulf of Mexico, after project partner BP in January approved a $1.3-billion expansion of the project. The Atlantis Phase 3 development will include the construction of a new subsea... 

CIL lines up capex for renewed thrust on developing CBM assets

By: Ajoy K Das     12th February 2019 Seizing an opportunity offered by recently relaxed rules, State-run miner Coal India Limited (CIL) has lined up a corpus of around $422-million to kick-start its sputtering coalbed methane (CBM) projects. The renewed thrust of getting the CBM projects off the ground would be initiated by Bharat... 

India receives 145 bids for 25 small oil, natural gas fields at auction

By: Ajoy K Das     31st January 2019 The second round of auction of 25 discovered small fields (DSF) in the Indian oil and natural gas sector has received 145 bids from 39 investors, including six foreign companies, the sector regulator has reported. The Directorate General for Hydrocarbons (DGH) states that domestic oil and natural... 

Exxaro will present coal investment proposition at Indaba

By: Paige Müller     25th January 2019 South African coal and heavy minerals mining company Exxaro Resources will present its coal investment proposition at this year’s Investing in African Mining Indaba. On February 5, Exxaro representatives will present on the main stage at the twenty-fifth annual Investing in African Mining Indaba. 

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:... 

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