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Oil & Gas

Jeffrey Currie
Goldman's Currie says China recovery 'A-OK', commodities to jump
22nd February 2023 By: Bloomberg

Commodities are poised to rally in 2023 as China recovers, US inflation proves to be benign, and Russian oil production contracts, according to Goldman Sachs Group’s Jeff Currie. “The real core of... 


Image shows a Santos operation at night
Higher oil price drives Santos to new heights
22nd February 2023 By: Esmarie Iannucci

Oil and gas major Santos has reported record underlying earnings for the full year ended December, with underlying profits increasing by 160% to $2.46-billion. Net profits after tax for the year... 


Suncor names Kruger CEO amid Elliott pressure, safety overhaul
22nd February 2023 By: Bloomberg

Suncor Energy named Rich Kruger as its new CEO, ending a seven-month search that started after a string of worker deaths and pressure from activist investor Elliott Investment Management drove out... 


IEA executive director Dr Fatih Birol
IEA warns on continuing high methane gas emissions from the global energy sector
21st February 2023 By: Rebecca Campbell

The International Energy Agency (IEA) has warned that emissions of methane remained “stubbornly high”. It did so in its “Global Methane Tracker 2023” report, published on Tuesday.   Methane is a... 


Anglo American Platinum CEO Natascha Viljoen (left) and FD Craig Miller at the results presentation.
South Africa’s hydrogen corridor will create 14 000 jobs, says Anglo Platinum CEO
20th February 2023 By: Martin Creamer

South Africa’s hydrogen corridor, which has been declared a strategic project, will create 14 000 jobs and consume 63 000 oz of platinum, Anglo American Platinum CEO Natascha Viljoen told Mining... 


An image of an oil tanker
G20 watchdog says commodity market concentration poses threat to wider economy
20th February 2023 By: Reuters

The pandemic and war in Ukraine highlighted weaknesses in commodity markets where a 'significant' concentration of firms, banks, exchanges and clearing houses threatens to transmit losses to the... 


Strong performance from Unki, Zimbabwe.
Anglo Platinum makes R131bn socioeconomic contribution, records best-ever safety year
20th February 2023 By: Martin Creamer

The contribution of platinum group metals (PGMs) company Anglo American Platinum to society in 2022 totalled R131-billion, made up mainly of taxes and royalties at R19-billion, salaries and wages... 


Rinehart retains throne in Aus
17th February 2023 By: Esmarie Iannucci

Mining magnates Gina Rinehart and Andrew Forrest has taken out the top spots of Australia’s 50 richest on the 2023 Forbes list. The collective wealth of Australia’s 50 richest soared by 70% to... 


BP advances renewable fuels plan in WA
17th February 2023 By: Esmarie Iannucci

Energy major BP has marked a milestone at its planned renewable fuels project in Kwinana, Western Australia, with the company now progressing with engineering plans. The Kwinana Renewable Fuels... 


MinRes takes majority share of Norwest
17th February 2023 By: Esmarie Iannucci

ASX-listed Mineral Resources (MinRes) has taken a majority interest in takeover target Norwest Energy, after gaining a 53.86% share in the company. As a result of MinRes’ interest in the company... 


Suncor mulling options to replace supply from key oil sands mine
16th February 2023 By: Reuters

Canada's Suncor Energy on Wednesday said it is weighing options for replacing around 200 000 bbl/d of raw bitumen supply from its largest oil sands mine, which is set to run out by the mid-2030s.... 


Origin confirms consortium talks still ongoing
16th February 2023 By: Esmarie Iannucci

ASX-listed Origin Energy on Thursday confirmed that it was still in talks with a consortium over a potential takeover offer. The company in November last year received a A$9 a share non-binding... 


End looms for hold-out Warrego shareholders
16th February 2023 By: Esmarie Iannucci

Suitor Hancock Energy has gained an 83% foothold in takeover target Warrego Energy, with the Warrego board now unanimously recommending that shareholders accept the offer before it closes on... 


Glencore CEO Gary Nagle.
Growing need for critical raw materials highlighted by US, EU policies – Glencore
15th February 2023 By: Martin Creamer

Recent government policies, such as the US's Inflation Reduction Act and the European Union’s proposed Green Deal Industrial Plan, demonstrate the growing need for critical raw materials through to... 


Strike unveils Warrego windfall
15th February 2023 By: Esmarie Iannucci

ASX-listed Strike Energy on Wednesday revealed that it would realise A$136-million in proceeds from the sale of its interest in takeover target Warrego Energy to suitor Hancock Energy. Strike... 


Prime Minister Narendra Modi is intent on making India a global green hydrogen hub.
Green hydrogen moves by China, India boosting outlook for platinum group metals
14th February 2023 By: Martin Creamer

The firm embrace of the new green hydrogen and hydrogen fuel cell future by China and India is a huge twin boost for Southern Africa’s great platinum group metals (PGMs) endowment, Mining Weekly... 


Buru's plans for Rafael worry environmentalists
14th February 2023 By: Esmarie Iannucci

ASX-listed Buru Energy has come under fire from an environmental group over its plans to develop the Rafael conventional gas and condensate discovery, in the Canning Basin. Buru this week... 


Image shows Santos workers at site
Nopsema backs Dorado development
14th February 2023 By: Esmarie Iannucci

The National Offshore Petroleum Safety and Environmental Management Authority (Nopsema) has accepted oil and gas major Santos' offshore project proposal (OPP) for the Dorado development. Santos... 


Santos flags impairment charges
14th February 2023 By: Esmarie Iannucci

Energy major Santos on Tuesday flagged a $328-million impairment charge over its production and exploration assets, while releasing its annual reserve and resource statement. Santos expects to... 


Webber Wentzel highlights funding opportunity for mining companies that are doing the right thing.
Sustainable mining companies can gain from sustainable finance trends – Webber Wentzel
13th February 2023 By: Martin Creamer

Mining companies that can demonstrate responsible and sustainable mining practices can set themselves up to take advantage of the current environmental social governance (ESG) and sustainable... 


Beach posts mixed bag as Waitsia costs surge
13th February 2023 By: Esmarie Iannucci

ASX-listed Beach Energy has reported some mixed results for its half-year ended December, days after announcing a cost blow-out at the Waitsia Stage 2 project. Beach on Monday reported that sales... 


Senex warns on market intervention
13th February 2023 By: Esmarie Iannucci

Gas producer Senex Energy has called on the federal government to re-think intervention plans, warning that it could drive away investment in the Australian gas sector and could risk electricity... 


New frontiers of renewable energy, green hydrogen and electric vehicles have potential to grow the economy significantly.
Just energy transition could spur R1.5-trillion green investment – Cliffe Dekker Hofmeyr
10th February 2023 By: Martin Creamer

Through the just energy transition investment plan, R1.5-trillion could be invested in South Africa over the next five years in new frontiers of renewable energy, green hydrogen and electric... 


Chevron invests A$38m in Australian CCS
10th February 2023 By: Esmarie Iannucci

US energy major Chevron this week announced that it would contribute some A$38-million to carbon capture and storage (CCS) research projects in Western Australia and Victoria, advancing knowledge... 


Santos inks VPA with Narrabir shire
10th February 2023 By: Esmarie Iannucci

Oil and gas major Santos has finalised a voluntary planning agreement (VPA) worth A$14.5-mllion with the Narrabri Shire Council, enshrining that the Narrabri community will significantly benefit... 


Helium One appoints new CEO
9th February 2023 By: Tasneem Bulbulia

Aim-listed Helium One Global, a primary helium explorer in Tanzania, has announced that CEO David Minchin would step down with immediate effect, to pursue other challenges. The company has... 


Shell services manager Mpho Mokwena
Shell driven to powering progress in mining
9th February 2023 By: Simone Liedtke

Petroleum business company Shell is recommitting itself to the African mining industry with its solutions and products geared towards sustaining the mining industry through the provision of... 


King calls for input into ADGSM
9th February 2023 By: Esmarie Iannucci

The federal government is calling for feedback on reforms to the Australian Domestic Gas Security Mechanism (ADGSM) that will ensure Australia has enough gas to meet domestic demand while... 


Hancock urges Warrego hold-outs to accept offer
9th February 2023 By: Esmarie Iannucci

Suitor Hancock Energy has urged the remaining shareholders in takeover target Warrego Energy to accept the 36c a share cash offer, after fellow-suitor Strike Energy this week ceded the battle.... 


Mineral exports buoy Australian economy
9th February 2023 By: Esmarie Iannucci

The Minerals Council of Australia (MCA) has welcomed the latest trade data for 2022, saying it highlighted the contribution of the resources sector to the Australian economy. “With a record high... 


Image shows an LNG plant
Oil and gas producers calls for changes to Code of Conduct
9th February 2023 By: Esmarie Iannucci

Australian oil and gas producers have called on the government to change the direction of the proposed mandatory code of conduct to allow investment in new supply to avoid shortfalls and put... 


Santos restart John Brookes
9th February 2023 By: Esmarie Iannucci

Oil and gas major Santos has resumed production at the John Brookes platform, offshore Western Australia, with the company saying ramp-up to full rates was expected in the coming days. Santos in... 


Image shows the ASX building
Strike accepts Hancock offer for Warrego
8th February 2023 By: Esmarie Iannucci

ASX-listed Strike Energy on Wednesday abandoned its takeover plans for fellow-listed Warrego Energy, and has instead accepted the takeover offer made by Hancock Energy for its shareholding in that... 


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