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Po Valley sells Italy operations subsidiary to Saffron Energy

By: Megan van Wyngaardt     23rd January 2018 Perth-based Po Valley on Tuesday signed a binding share sale and purchase agreement with Aim-listed Saffron Energy, under which the latter would acquire onshore and offshore oil and gas production, development and exploration assets in northern Italy held by Po Valley Operations (PVO). Subject to... 

S Africa may lose out to other African gas sectors

By: Victor Moolman     19th January 2018 Several major international independent power producers and power generation developers are interested in South Africa’s gas-to-power programme (GPP), for which direction in the form of request for quotations and request for proposals from the Department of Energy (DoE) is keenly awaited.... 

Cloud Peak to export US coal to new power plants in Japan

By: Reuters     17th January 2018 US miner Cloud Peak Energy said on Tuesday it will export coal from a Montana mine for 30 to 40 months to two new power plants in Japan with shipments that could start late next year. The coal from Montana's Spring Creek Mine will be carried by rail to Vancouver and then sent by ship for... 

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... 

A new era of batteries spells trouble for gas in America

By: Bloomberg     12th January 2018 California, the state that helped birth the global boom in battery-toting electric vehicles, is trying to spark a similar transformation for utilities. And that spells trouble for power plants all across the U.S. that run on natural gas. The California Public Utilities Commission approved an... 

World's top commodity engine roars to record with Xi at helm

By: Bloomberg     12th January 2018 China continues to gobble up the world’s commodities, setting new records for consumption of everything from crude oil to soybeans. In a year of flux marked by industrial capacity cuts, environmental curbs and financial deleveraging, demand for raw materials has continued to grow in the world’s... 

Queensland LNG exports surpass prior records in 2017

By: Natasha Odendaal     12th January 2018 Queensland has achieved record liquefied natural gas (LNG) exports in the year to December 2017, Queensland Resources Council CEO Ian Macfarlane said on Friday. During 2017, Queensland exported 20.2-million tonnes of LNG, an increase of 2.7-million tonnes on the exports reported in 2016. 

Commodities forge record-setting rally as BP to miners surge

By: Reuters     4th January 2018 Commodities are forging a record-setting run of gains that straddles the end of 2017 and the start of the new year as crude oil notches multiyear highs and investors bet that booming global manufacturing output will help to sustain rising demand for raw materials. The Bloomberg Commodity Index,... 

Algeria's Sonatrach signs $500 mln deal with BP, Statoil

By: Reuters     20th December 2017 Algerian state-owned energy company Sonatrach has signed an agreement with BP and Statoil to produce an additional 11 billion cubic metres (bcm) of natural gas from its Tiguentourine gas field, Sonatrach's CEO said on Wednesday. The field produces 9 bcm per year, but more investment is needed to... 

India’s national oil, gas firms likely to get higher prices for gas from ‘difficult’ projects

By: Ajoy K Das     14th December 2017 India’s Petroleum and Natural Gas Ministry has forwarded a proposal for approval of the Union Cabinet that will more than double the price of natural gas produced by national oil, gas exploration and production (E&Ps) companies from fields categorised as “difficult”. However, contrary to demands... 

World's No 1 miner sees bigger role for carbon-capture systems

By: Bloomberg     7th December 2017 BHP Billiton, the world’s biggest mining company, said wider use of systems that trap carbon emissions will be needed to meet international climate goals, even as investments in the technology stall. “We have knowledge of geology, markets and economics, so there’s probably something we can bring... 

South Africa must prepare for oil and gas supply gap

By: Robyn Wilkinson     1st December 2017 South Africa needs to bridge the growing supply and demand gap in its oil and gas sector, says global research and consultancy group Wood Mackenzie research associate Jon Lawrence. 

Idle power capacity rises in India as coal, natural gas shortages spread

By: Ajoy K Das     30th November 2017 India is facing a sharp rise in idle power generation capacity triggered by shortages of coal and natural gas feedstock. According to information collated from government data, as much as 11 500 MW of thermal power generation capacity across 36 power plants were lying idle for want of coal. 

A$4.8m for projects to boost innovation in resources sector

     30th November 2017 Eight projects that will boost cross-industry innovation, collaboration and sustainability in the resources sector will receive A$4.8-million in funding through the Australian government’s industry growth centres initiative, acting Industry, Innovation and Science Minister Michaelia Cash... 

Alberta creates C$40m worker support fund as coal phase-out deadlines loom

By: Henry Lazenby     11th November 2017 The Alberta provincial government has announced a C$40-million worker transition fund to provide income support for employees transitioning from working in the fossil-fuel-rich Western Canadian province’s thermal coal mines and coal-fired power plants, to new jobs or retirement. The new Coal... 

Caterpillar selected to help install solar PV system for Otjikoto

     10th November 2017 Gold producer B2Gold has selected capital equipment giant Caterpillar (Cat) and global industrial company Barloworld to install a solar photovoltaic (PV) system at Otjikoto mine, Namibia, which will provide 7 MW of solar power to the mine. “For many years, B2Gold has relied on dependable,... 

Santos names Narrabri among its five core assets

By: Esmarie Swanepoel     9th November 2017 Oil and gas major Santos has reclassified the Narrabri project, in New South Wales, as a core project in the company’s new transform-build-grow strategy. MD and CEO Kevin Gallagher said at an investor day on Thursday that Santos had simplified the business to focus on five core, long-life... 

Enbridge Q3 earnings disappoint

By: Henry Lazenby     2nd November 2017 Canadian oil and gas pipeline infrastructure operator Enbridge has reported an adjusted third-quarter profit of C$632-million, or C$0.39 a share, missing the average Bay Street analyst forecast calling for earnings of C$0.43 a share. The Calgary, Alberta-based company reported net profit for the... 

Australia's project pipeline strong despite end of mining boom

By: Esmarie Swanepoel     1st November 2017 Australia’s resources sector continues to contribute to investment in the Australian economy, despite the apparent end to the so-called mining boom. Advisory firm Deloitte Access Economics this week reported that the total value of projects in its Investment Monitor database rose by... 

Wheatstone ships first LNG

By: Esmarie Swanepoel     1st November 2017 US oil major Chevron has shipped the first liquefied natural gas (LNG) from the Wheatstone project, in Western Australia, to customers in Japan. “The first shipment of LNG from the Wheatstone project signifies our commitment to be a safe and reliable long-term supplier of cleaner-burning natural... 

APA completes Orbost buy

By: Esmarie Swanepoel     1st November 2017 Australian energy company Cooper Energy has completed the sale of the Orbost gas plant to fellow-listed APA Group. The two companies in June this year struck an agreement under which APA would spend some A$270-million to purchase and upgrade the Orbost gas processing plant, to process natural... 

Supply of coalbed methane being investigated

     27th October 2017 Independent clean energy company NuEnergy Gas has signed a memorandum of understanding (MoU) with Pertamina Gas to investigate the supply of coalbed methane (CBM) from its Tanjung Enim production sharing contract (PSC) for distribution to Pertamina Gas consumers in Sumatra, in western Indonesia.... 

Coal miner pushing to further productivity, cost efficiency

     27th October 2017 In 2018, mining company Sasol Mining will have renewed focus on its business improvement programme to improve productivity and cost efficiency, states integrated chemicals and energy company Sasol in its Integrated Report, published June 30. Sasol notes that its mining business unit is... 

Appea concerned about talk of Cooper basin resource ban

By: Esmarie Swanepoel     26th October 2017 The Australian Petroleum Production and Exploration Association (Appea) has again warned the Queensland government that prohibiting gas exploration and development in parts of the Cooper basin would destroy jobs and investment and drive up energy costs for households and businesses. Appea... 

Queensland’s APLNG directs more gas to domestic market

By: Esmarie Swanepoel     26th October 2017 The Australian Pacific liquefied natural gas (APLNG) project, offshore Queensland, will supply an additional 41 PJ of natural gas to the Australian domestic market, operator Origin Energy reported on Thursday. The new contract increased the APLNG project’s total domestic contracted supply... 

One rare thing to watch for in US coal earnings: A profit

By: Bloomberg     24th October 2017 After years of bleeding cash and a painful string of bankruptcies, US coal miners are poised to do something rare – enjoy an earnings season. Boosted by higher global coal prices and a more conservative approach to mining, Peabody Energy kicks off the industry’s reporting cycle Wednesday and is... 

Woodside reports higher revenue in Sept quarter

By: Esmarie Swanepoel     19th October 2017 Australian oil and gas producer Woodside Petroleum has reported increases in sales volumes and revenues for the three months to September, compared with the previous quarter. Oil and gas production for the three months to September reached 20.3-million barrels of oil equivalent, which was down... 

America's miners are digging for hotter coals as old plants shut

By: Bloomberg     18th October 2017 Early next year, three massive coal-fired power plants in Texas will close for good. And their absence will be felt 1,000 miles away in the coal pits of Wyoming and Montana. There, in the energy-rich Powder River Basin, miners have for decades carved out coal that’s cheap but packs less heat than... 

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,... 

Development plan for gasfield submitted for approval

     13th October 2017 Oil and gas company Aminex has submitted a development plan for the Ntorya field, located onshore in the Ruvuma basin, in Tanzania, to the Tanzania Petroleum Development Corporation (TPDC) for approval. 

Wheatstone marks milestone with first LNG production

By: Esmarie Swanepoel     9th October 2017 The $34-billion Wheatstone liquefied natural gas (LNG) project, in Western Australia, has produced its first product, with first shipments targeted in the coming weeks. "First LNG production is a significant milestone and is a credit to our partners, contractors and the many thousands of people... 

TransCanada snuffs out Energy East, Eastern Mainline projects

By: Henry Lazenby     6th October 2017 TransCanada has pulled the plug on the Energy East and Eastern Mainline pipeline projects, the oil and gas infrastructure major revealed on Thursday. The TSX- and NYSE-listed oil and gas company said it will inform the National Energy Board (NEB) that it will no longer be proceeding with its... 

Western Australia’s resources sales up 19% to A$105bn

By: Esmarie Swanepoel     29th September 2017 The Western Australian resources sector has again exceeded the A$100-billion mark in the 2017 financial year, with the state recording resources sales of A$105-billion. This was up 19% on the 2015/16 overall sales value, the Department of Mines, Industry Regulation and Safety reported on Friday. 

Appea calls for clarity on Pristine Rivers legislation

By: Esmarie Swanepoel     29th September 2017 The Australian Petroleum Production and Exploration Association (Appea) has called on the Queensland government to clarify its position on natural gas development in the Cooper basin, after reports emerged that the government could be considering environmental legislation to protect rivers.... 

Looming east coast shortage sparks war of words over Australian gas

By: Esmarie Swanepoel     27th September 2017 The Victorian and New South Wales state governments have hit back at claims made by Premier Malcolm Turnbull that the state governments are failing to develop available gas resources, exacerbating the looming gas shortage faced by the Australian east coast. Turnbull this week urged the New South... 

Here's one commodity rally that may end up being short-lived

By: Bloomberg     27th September 2017 Is it finally time to get excited about nitrogen fertiliser? Since the end of June, prices for the world’s most commonly used crop nutrient have soared 60 percent in the US – rebounding from the lowest levels in more than a decade. There have been similar moves in Brazil, India and the Middle... 

Gas shortfall forecast for Australia’s east coast in 2018

By: Esmarie Swanepoel     26th September 2017 An interim report by the Australian Competition and Consumer Commission (ACCC) has predicted a substantial shortfall in gas for the east coast by 2018. “The interim report projects a supply shortfall in the east coast gas market of up to 55 petajoules (PJ) in 2018, which could be as high as 108... 

Minerals processing business bullish about future, despite industry challenges

By: Nica Schreuder     22nd September 2017 Based on substantial growth over the past 12 years, mining and industrial services provider Fraser Alexander’s minerals processing business intends to double its revenue within the next three to five years, says Fraser Alexander minerals processing GM Jaco Scholtz. “We are particularly proud of... 

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