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Topic

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 Swanepoel     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 Swanepoel     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... 

WorleyParsons developing black enterprises 

By: Martin Creamer     21st August 2017 Project delivery and engineering consultancy WorleyParsons RSA is answering South Africa’s call for broader economic participation and transformation. The local company, which is part of the Australian Securities Exchange-listed WorleyParsons engineering group that serves the resources and energy... 

Interest returning to Africa in response to commodities resurgence

     11th August 2017 Interest in Africa’s mineral potential is returning and there is a growing confidence in the future of the resources sector in Africa and in Africa–Australia relations, says organiser of the Africa Down Under (ADU) conference, Australian magazine publisher, Paydirt Media.  

Sluggish growth to see Indian national oil companies under stricter oversight

By: Ajoy K Das     19th July 2017 Responding to sluggish growth in domestic oil and natural gas production, the Indian government has brought national oil companies (NOCs) under stricter oversight, including daily reporting of production data from each field operated by these companies. The NOCs also have to submit to government... 

Trump said to tout coal projects, nuclear aid in 'Energy week'

By: Bloomberg     30th June 2017 President Donald Trump is set to announce he is lifting an Obama-era policy that curtailed the financing of coal-fired power plants overseas, as he seeks to propel American " energy dominance" and reorients the US government away from fighting climate change. Trump also will describe a series of... 

Stricter monitoring for Indian oil and gas companies

By: Ajoy K Das     6th June 2017 The Indian government has announced the appointment of two ‘super’ committees to monitor the operations of national oil and gas exploration and production (E&P) companies. The committees, which will be above the level of the national oil companies’ boards, will be able to force State-owned... 

Earth observation satellites starting to bring benefits to mining sector

By: Keith Campbell     2nd June 2017 At last month’s International Symposium on Remote Sensing of the Environment, held at the Council for Scientific and Industrial Research (CSIR), in Pretoria, one of the very many topics addressed was the use of remote sensing, particularly from earth observation (EO) satellites, to support the... 

Earth observation satellites starting to bring benefits to mining sector

By: Keith Campbell     2nd June 2017 At last month’s International Symposium on Remote Sensing of the Environment, held at the Council for Scientific and Industrial Research (CSIR) in Pretoria, one of the very many topics addressed was the use of remote sensing, particularly from Earth observation (EO) satellites, to support the... 

Bidding said to open soon for oil and gas exploration under India’s new OALP

By: Ajoy K Das     9th May 2017 India is likely to offer 26 unexplored oil and gas fields to domestic and international exploration and production (E&P) majors to kick-start the government’s newly unveiled Open Acreage Licensing Policy (OALP). Prospective investors have been allowed access to geological data of these oil and... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can be no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012, that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, compared with India’s 7.6%,... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can he no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012 that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, as against India’s 7.6%, the... 

Greater demand for credible, local testing spurs growth

By: Johane Turkstra     24th March 2017 Local environmental laboratory X-Lab Earth Science plans to expand its support for air-quality testing companies servicing the mining and minerals industry as demand grows for accredited data analysis in this sector. X-Lab MD Quentin Hurt attributes the increasing demand for its services to... 

Kinder Morgan: by shareholders, for shareholders

By: Creamer Media Reporter      16th February 2017 Abdul Davids – Head of Research, Kagiso Asset Management In the late 1990s, the emergence of commercial hydraulic fracturing and horizontal drilling for shale (collectively known as fracking) transformed the US energy landscape. These technologies enabled access to previously unreachable,... 

MGX stock spikes on successful lithium extraction from oil wastewater

By: Henry Lazenby     4th January 2017 The Canadian Securities Exchange-listed stock of lithium brines project developer MGX Minerals on Tuesday rallied more than 40% after the company announced it has successfully extracted lithium from heavy oil wastewater. The company owns a patent pending process for the extraction of lithium and... 

Latin American miners expected to persist with cost-cutting and disinvestment strategies

By: Henry Lazenby     16th December 2016 The end of the commodities supercycle continues to have a dampening effect on several South American economies, especially those that previously relied on high hydrocarbons prices to achieve high rates of growth. As well as hitting government earnings and rates of economic expansion, the... 

Latin American miners expected to persist with cost-cutting and disinvestment strategies

By: Henry Lazenby     16th December 2016 The end of the commodities super cycle continues to have a dampening effect on several South American economies, especially those that previously relied on high hydrocarbons prices to achieve high rates of growth. As well as hitting government earnings and rates of economic expansion, the... 

MGX inks lithium brine accord with Sturgeon Lake oil & gas operator

By: Henry Lazenby     8th December 2016 Western Canada-focused project developer MGX Minerals has acquired rights to sample and analyse brine waters emitted from the Sturgeon Lake oilfield, in north-western Alberta for metallic mineralisation, the company reported Thursday. Under the agreement, MGX will be able to undertake water... 

Shell launches diluent for North American market

By: David Oliveira     28th October 2016 At this year’s MINExpo International, which took place last month in Las Vegas, in the US, global petrochemicals group Shell launched its ShellSol 2046NA solvents extraction diluent tailored for the North American market. Shell global business development manager Monica Karamagi explains that... 

Chesapeake Energy declares ‘propageddon’ with record shale frack

By: Bloomberg     21st October 2016 The era of the monster frack has arrived in North America, and Chesapeake Energy Corp. is singing its praises. Chesapeake said Thursday at an analyst conference that it set a new record for fracking by pumping more than 25 000 t of sand down one Louisiana natural gas well, a process the shale... 

iX Engineers – an Enterprise Development success story

     19th September 2016 An active participant in the transformation of South Africa, project delivery and engineering consultancy WorleyParsons RSA has demonstrated that Enterprise Development can be successful, as attested to by the creation of iX Engineers (Pty) Ltd, a 53% black-owned consulting engineering company... 

International Frontier formalises partnership with Mexican govt over Tecolutla JV

By: Henry Lazenby     27th August 2016 TSX-V-listed International Frontier Resources (IFR) announced Friday that Tonalli Energia met all the terms and conditions and signed a license contract with the Mexico Comision Nacional de Hidrocarburos (CNH) for the Onshore Oil and Gas Development Block 24 (Tecolutla), granting Tonalli the... 

Hi-Force’s answer to joint integrity

     26th August 2016 In support of its range of hydraulic bolt tightening tools, UK-based hydraulic tool manufacturer Hi-Force recently launched Boltright Pro – an innovative, bolt joint integrity software program designed to assist engineers. 

Hydrocarbon policy requires private Indian CBM firms to apply for new licences

By: Ajoy K Das     12th August 2016 In a blow to existing private companies operating coal blocks exclusively for coalbed methane (CBM), they would have to seek fresh licences from the Indian government under the newly unveiled Hydrocarbon Exploration and Licensing Policy (Help). In a clarification to a Parliamentary committee, the... 

Peruvian mining volumes continue to grow as new president takes helm

By: Simon Rees     15th June 2016 The Peruvian mining industry is expected to spur renewed growth in the country as output grows, prices stabilise and revive, several speakers told a recent Peruvian-Canadian Chamber of Commerce economic outlook seminar. The recent Peruvian election was so close that the winner Pedro Pablo... 

Advisian engages with clients to create greater value

     31st May 2016 The South African operation of WorleyParsons’ global consulting business, Advisian, has experienced notable growth since its launch less than a year ago with its initial office of five members expanding to close to 100 in an effort to service the needs of clients and deliver expert strategic and... 

Mozambique seeks to handle commodity price falls and secret debt crisis

By: Keith Campbell     27th May 2016 A Mozambican government minister has called on mining companies working in the country to focus on the future as it battles though the current economic downturn. Justice Minister Isaque Chande urged them to plan and execute structural measures to secure their investments. He was speaking at a... 

Up your game on sustainability, challenges Manuel

By: Kim Cloete     16th May 2016 Former Finance Minister Trevor Manuel has criticised both governments and companies for failing to live up to their commitments on sustainable development and has called for better laws and greater enforcement of those laws. He was speaking at the first ever Sustainable Brands Conference to be... 

Deal opens way for commercialisation of Free State gas deposit, helium plant investment

By: Terence Creamer     4th May 2016 A contract signed on Wednesday between alternative energy company Renergen, JSE-listed Afrox and The Linde Group, of Germany, is expected to open the way for a €13-million investment into the commercialisation of a Free State natural gas resource and the creation of a large-scale helium... 

India to hit the road to woo investors for oil, gas

By: Ajoy K Das     28th April 2016 India will commence with road shows in the next month to woo domestic and foreign investors to participate in the auctions of marginal oil and gas fields across the country. An inter-Ministerial group led by the Petroleum and Natural Gas Ministry was expected to meet early next week to finalise... 

Fossil Fuel Foundation establishing professional development centre

By: Mia Breytenbach     5th February 2016 The Fossil Fuel Foundation (FFF) has embarked on the development of a formal educational and training section, the Professional Development Centre, which seeks to provide for the needs of new players to the coal, carbon and related industries as well as update existing industry players on... 

India to approve new oil, gas E&P policy within two months

By: Ajoy K Das     15th December 2015 India’s apex federal economic decision making body, the Cabinet Committee for Economic Affairs (CCEA), was expected to approve a new policy within the next two months, putting in play an open acreage licensing policy (OALP) and subsequently offering 46 oil and gas blocks up for auction. The new... 

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