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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 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... 

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