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Total’s acquisition of Engie LNG portfolio closes

By: Marleny Arnoldi     13th July 2018 Petroleum giant Total’s acquisition of Engie’s portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.5-billion, has closed.  

Hurting for buyers, US coal miners are learning to love India

By: Bloomberg     12th July 2018 The big bright spot for US coal miners is located halfway around the world. India almost tripled its imports of the rock from America in the first quarter from a year earlier, helping fuel its fast-growing economy and making it the largest foreign buyer of US coal, according to the US Energy... 

Indian govt likely to backtrack on splitting GAIL

By: Ajoy K Das     29th June 2018 In an apparent reversal of its earlier plans, the Indian government is toying with a proposal to create more independent verticals within gas infrastructure major, GAIL India, instead of splitting the company. According to indications available, the government is to accede to demands of GAIL and... 

Radebe says labour cannot be 'left behind' in energy transition 

By: Terence Creamer     29th June 2018 Energy Minister Jeff Radebe urged business to support government in ensuring that South Africa’s energy transition is a “just” one for labour, especially those operating in the coal-mining sector. In an engagement on Friday with business leaders in Johannesburg, following a meeting of the energy... 

IEA sees gas demand growth of 1.6% a year, China to become largest importer

By: Esmarie Swanepoel     27th June 2018 A new report by the International Energy Agency (IEA) has shown that global gas demand will grow at an average rate of 1.6% a year, reaching just more than 4.1-trillion cubic metres in 2023. This forecast compares with demand of 3.74-tillion cubic metres in 2017, the IEA noted in its ‘Gas 2018’... 

South Africa to align energy plans with SADC gas master plan

By: Terence Creamer     26th June 2018 Energy Minister Jeff Radebe has promised greater alignment between South Africa’s energy plans, included the new Integrated Resource Plan (IRP) for electricity, with a regional gas master plan, which is currently under development within the the 16-country Southern African Development Community... 

AEMO sees no gas supply gaps to 2030

By: Esmarie Swanepoel     22nd June 2018 The latest Gas Statement of Opportunities (GSOO) by the Australian Energy Market Operator (AEMO) has found that market intervention, new supply and lower demand have avoided a potential energy shortfall. The AEMO in late 2017, warned of a substantial shortfall in gas for the east coast of... 

China continues to encourage foreign mining investment

By: Rebecca Campbell     22nd June 2018 In early April the People’s Republic of China established a new Ministry, that of Natural Resources (MNR). The creation of the new Ministry was part of a programme to restructure the country’s State Council (Cabinet). The MNR took over all the responsibilities of the previous (and now... 

China continues to encourage foreign mining investment

By: Rebecca Campbell     22nd June 2018 In early April the People’s Republic of China established a new Ministry, that of Natural Resources (MNR). The creation of the new Ministry was part of a programme to restructure the country’s State Council (Cabinet). The MNR took over all the responsibilities of the previous (and now... 

Indonesia may finalise new mining law by month-end

By: Nadine James     22nd June 2018 News of a new Indonesian mining law first emerged in 2016, and the draft legislation has been revised several times since, US-based international law firm Bryan Cave Leighton Paisner partner and foreign legal consultant Marius Toime noted in a legal opinion last month. Some of the country’s major... 

Coal is being squeezed out of power by cheap renewables

By: Bloomberg     21st June 2018 Coal will be increasingly squeezed out of the power generation market over the next three decades as the cost of renewables plunges and technology improves the flexibility of grids globally. That’s the conclusion of a report by Bloomberg New Energy Finance, which estimated some $11.5-trillion of... 

BHP offers August loading LNG cargo from Australia export plant - sources

By: Reuters     19th June 2018 Global mining and resources company BHP is offering to sell a liquefied natural gas (LNG) cargo from its North West Shelf export plant in Australia, two trade sources said on Tuesday. The cargo will load over the August 15 to 17 period and is offered on a free-on-board basis, they said. 

Second LNG train at Wheatstone starts up

By: Esmarie Swanepoel     15th June 2018 Liquefied natural gas (LNG) production from the second train at the Wheatstone project, near Onslow in Western Australia, has started. US major Chevron said on Friday that the Wheatstone project is expected to produce 8.9-million tonnes a year of LNG over an estimated 30-year mine life, adding... 

Trump's coal gambit may yield political points, not mining jobs

By: Bloomberg     14th June 2018 The Trump administration’s plan for reviving coal power plants is unlikely to resurrect mining jobs but may boost the president’s support among crucial Rust Belt voters before the midterm elections that will determine which party controls Congress. President Donald Trump has asked Energy... 

Coal royalties give Queensland Budget surplus a boost

By: Esmarie Swanepoel     12th June 2018 A record contribution from coal royalties has assisted the Queensland government in delivering a surplus of A$1.5-billion for the 2017/18 financial year – three times more than what was predicted in the mid-year fiscal and economic review forecast in December. “The Queensland economy continues... 

Victoria seeks to unlock more affordable gas for residents

By: Esmarie Swanepoel     8th June 2018 The Victorian government is hoping to unlock more gas supply to provide residents in the state with greater access to affordable gas. The state government on Friday announced that the Victorian Gas Programme (VGP) will be encouraging new commercial offshore gas exploration through the release of... 

MMEC conference outlook indicative of state of mining industry

By: Melissa Zisengwe     8th June 2018 The increase in international participation at the sixth edition of the Mozambique Mining, Energy and Natural Gas Conference (MMEC) reflected the state of the Mozambique mining industry, which is an emerging market, says event organiser AME Trade. The conference was held in Maputo on April 25 and... 

GLNG ships milestone cargo

7th June 2018 The Gladstone liquefied natural gas (GLNG) project has shipped its 200th LNG cargo from Curtis Island to Korea. “For the next two decades, the International Energy Agency expects natural gas to grow more than any other energy type, to a market share of more than a quarter of all global energy... 

Resources, oil & gas sectors drive Australian GDP growth in Q1

By: Esmarie Swanepoel     7th June 2018 The resources and oil and gas sectors have continued to drive the Australian economy during the March quarter, with the Australian Bureau of Statistics (ABS) revealing that the sectors were the main drivers to a 1% increase in Australia’s gross domestic product (GDP) during the period. The... 

AIE selects Port Kembla for A$300m LNG import terminal

By: Esmarie Swanepoel     5th June 2018 The Australian Industrial Energy (AIE) consortium has selected Port Kembla, in New South Wales, as the site for the first A$300-million liquefied natural gas (LNG) import terminal. The proposed terminal will have the ability to supply more than 100 PJ/y of LNG, sufficient to meet over 70% of... 

South Africa to release new-look renewables bid window in November

By: Terence Creamer     1st June 2018 Energy Minister Jeff Radebe announced on Friday that South Africa would launch a fifth Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) bid window in November with the aim of procuring a further 1 800 MW of renewable energy from independent power producers (IPPs).... 

Oil and gas industry contributing greatly to economy - Appea

By: Esmarie Swanepoel     1st June 2018 Australia’s oil and gas industry contributed some A$27-billion to the country’s economy in 2016/17, new data from the Australian Petroleum Production & Exploration Association (Appea) reported this week. “The economic footprint of the oil and gas industry goes far beyond its production wells and... 

Santos announces A$400m Gladstone LNG investment

By: Esmarie Swanepoel     31st May 2018 Oil and gas major Santos and its joint venture partners in the Gladstone liquefied natural gas (GLNG) project, will invest more than A$400-million on the 137-well Arcadia gas project, in the Bowen basin. Santos said on Thursday that the A$400-million Arcadia investment was in addition to the... 

GAIL India seeks to maintain its gas pipeline business

By: Ajoy K Das     29th May 2018 Indian government-owned natural gas importer and infrastructure provider GAIL India has agreed, in principle, to unbundle its gas marketing and pipeline operational business, but only after a domestic gas trading hub has been established and a trading market has developed to an optimal level.... 

Mining’s share of total project work in Queensland falling

By: Esmarie Swanepoel     24th May 2018 While the Queensland Major Projects Pipeline Report has shown a 58% increase in major project work during 2017/18, private sector investment, particularly in the mining sector, is falling. The report, compiled by the Queensland Major Contractors Association, Construction Skills Queensland and... 

Woodside outlines plans for expanded Scarborough

By: Esmarie Swanepoel     23rd May 2018 Australian oil and gas producer Woodside has increased the forecast capital investment to develop its Scarborough gas field from the previous estimate of between $8.5-billion and $9.5-billion to $11-billion. CEO Peter Coleman told an investor briefing on Wednesday that the increase in expected... 

Oil pipeline plot thickens as British Columbia files Alberta suit over ‘tariff-like’ Act

By: Henry Lazenby     23rd May 2018 A significant disruption in the supply of gasoline, diesel and crude oil from Alberta to British Columbia would cause British Columbia “irreparable harm” and could “injure human health and safety in remote communities”, the provincial government argued in a statement of claim filed in Alberta's... 

IFR legacy well test reports better-than-expected results

By: Creamer Media Reporter      17th May 2018 Calgary-based oil and gas company International Frontier Resources (IFR) has reported the first production from the successful workover of a legacy well at Tonalli Energia’s Tecolutla project – a joint venture between the company and Mexican petrochemical leader Grupo IDESA. “Rates from the TEC-2... 

Trump said to mull 2015 grid emergency law to save coal plants

By: Bloomberg     16th May 2018 The Trump administration is weighing a broad array of strategies for keeping coal and nuclear power plants online as a matter of national security, with options ranging from invoking a 68-year-old law to a three-year-old one, according to a senior Energy Department official. Members of the... 

Radebe sees energy contributing $25bn to South Africa’s $100bn investment target

By: Terence Creamer     16th May 2018 Energy Minister Jeff Radebe says one-quarter, or $25-billion, of South Africa's newly announced five-year investment target of $100-billion could be met through investments in new energy projects, including a possible new greenfield crude oil refinery and a gas pipeline linking South Africa to... 

Norway postpones decision on carbon capture plant, drops Yara

By: Reuters     15th May 2018 Norway postponed a final decision on whether to go ahead with a project to develop Europe's first industrial carbon capture and offshore storage (CCS) project, after dropping one of its participants, Yara International . The government said on Tuesday that fertiliser maker Yara's site, one of... 

Interconnected Carnarvon basin will get more LNG to market – Chevron

By: Esmarie Swanepoel     15th May 2018 US oil and gas major Chevron has called for greater cooperation between industry players and the government to unlock future value in the Carnarvon basin, offshore Western Australia. Speaking at the Australian Petroleum Production and Exploration Association (Appea) conference, in Adelaide,... 

Australia East Coast gas prices seen rising as cheap gas supply dwindles

By: Esmarie Swanepoel     15th May 2018 Australia’s East Coast gas prices are forecast to rise up to 30% to between A$10/GJ and A$13/GJ by the mid-2020s, as cheap gas supply continues to decline, advisory firm Wood Mackenzie has reported. Speaking at the Australian Petroleum Production and Exploration Association (Appea) conference,... 

Barrick, Goldcorp to convert Pueblo Viejo power plant to natural gas

By: Henry Lazenby     14th May 2018 Barrick Gold and Goldcorp’s Pueblo Viejo Dominicana Corporation (PVDC), in the Dominican Republic, will convert the Quisqueya I power generation facility from heavy fuel oil (HFO) to natural gas, with the expectation of saving about $54/oz of gold produced over the remaining life of the... 

LNG exports put Australia oil and gas in trade surplus

By: Esmarie Swanepoel     14th May 2018 The Australian oil and gas industry recorded a trade surplus for the first time in 13 years in 2016/17, new data from the Australian Petroleum Production and Exploration Association (Appea) has shown. Appea on Monday reported that owing to a 35% increase in the value of liquefied natural gas... 

PNG LNG delivering economic promises - Oil Search

By: Esmarie Swanepoel     14th May 2018 ASX-listed Oil Search has maintained that the Papua New Guinea liquefied natural gas (PNG LNG) project has been beneficial to the region, despite reports suggesting otherwise. Social justice advocates Jubilee Australia has claimed that the PNG LNG project has caused increased violence in PNG as... 

Resources sector to inject nearly A$6bn into WA economy

By: Esmarie Swanepoel     10th May 2018 The resources sector is forecast to inject some A$5.9-billion into Western Australia’s economy in 2018/19, with the sector continuing to be a major driver in the state’s economy. The mining industry contributed some A$5-billion, or 17%, of Western Australia’s total revenues during 2017, the... 

US exit of Iran nuclear deal places new risks on $4bn India gas project

By: Ajoy K Das     10th May 2018 US President Donald Trump’s tearing up the multilateral nuclear deal with Iran has thrown a new spanner in works of India’s protracted plans to develop Farzad B offshore gasfields along the Persian Gulf coast. The consortium of Indian companies, led by national exploration and production (E&P)... 

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