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Oil and Gas News

Minerals Council regrets delay of 2018 Mining Charter review 

By: Martin Creamer     Updated 2 hours 24 minutes ago Minerals Council South Africa on Monday expressed regret that the finalisation of the review of the contested elements of the 2018 Mining Charter had been delayed following a judgement of the full bench of the High Court in Pretoria ordering that a number of other parties be joined to the action.... 

Santos unveils salty plans for Narrabri

By: Esmarie Iannucci     6th July 2020 Oil and gas major Santos has inked a memorandum of understanding (MoU) with Natural Soda to use salt removed from produced water as part of the Narrabri gas project, in New South Wales. . The two companies have been working together for more than 12 months on a commercially-viable model that... 

Santos unveils salty plans for Narrabri

Sasol gives up licence to seek offshore gas in Mozambique

By: Reuters     5th July 2020 South African petrochemicals giant Sasol has opted to give up its licence to explore for gas off the Mozambique coast, the company said on Sunday. "Sasol will return Block 16/19 in its entirety to the Government of Mozambique. To this end, a withdrawal notification has already been sent to the... 

Sasol narrows immediate asset-disposal focus to ‘top ten’ list 

By: Terence Creamer     3rd July 2020 Chemicals and energy group Sasol has developed a list of ten major assets that will be prioritised for sale in the coming weeks and months as it moves to streamline the business into what is being termed ‘Sasol 2.0’, while also raising proceeds to help it reduce a $9.5-billion debt burden. In... 

Sasol narrows immediate asset-disposal focus to ‘top ten’ list
Photo by Creamer Media
Sasol CFO Paul Victor

Australian gas prices among lowest in Asia

3rd July 2020 New data by the International Gas Union (IGU) has shown that Australia’s average natural gas prices remained among the lowest in Asia. In its 2020 Wholesale Gas Price Survey, IGU showed that average wholesale gas price in Australia last year was around 40% less than the average wholesale price... 

Hydrogen-powered aviation preparing for takeoff – study 

By: Martin Creamer     2nd July 2020 Hydrogen as an energy source will play a key role in transforming aviation into a zero-carbon/climate-neutral system over the next few decades, an independent study states in estimating that the first short-range hydrogen-powered demonstrator could be developed by 2028 if sufficient investments... 

Hydrogen-powered aviation preparing for takeoff – study
Strong steps being taken to clean up the skies by using hydrogen to power aircraft.

Petroleum exploration approved in S Australia

By: Esmarie Iannucci     2nd July 2020 The South Australian government this week announced the successful bids for five new petroleum exploration licenses. The five licenses have a guaranteed work programme valued at a combined A$58.85-million over the next five years, Energy and Mining Minister Dan von Holst Pellekaan said. 

Oil Search cuts jobs and costs

By: Esmarie Iannucci     1st July 2020 ASX-listed Oil Search on Wednesday announced structural changes in the wake of Covid-19 and the falling oil prices, which will result in a 34% decline in staff numbers. The company told shareholders that full time employees will be reduced from 1 649 as of March, to 1 222, with a further 137... 

Platinum group metals in pole position to benefit from global decarbonisation thrust  

By: Martin Creamer     1st July 2020 Platinum group metals are in pole position to benefit from the fast-growing global decarbonisation momentum, Mining Weekly can today report. A multiplicity of global announcements are emerging daily that inextricably link platinum-catalysed hydrogen fuel cells as well as platinum-catalysed... 

Platinum group metals in pole position to benefit from global decarbonisation thrust
AP Ventures founding partner Kevin Eggers interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Whitebark raises cash for Wizard Lake

By: Esmarie Iannucci     30th June 2020 Oil and gas junior Whitebark Energy will raise up to A$3-million in a partially underwritten entitlement offer to fund maintenance and workovers cost at the Wizard Lake project, in Canada, as well as the acquisition of land mineral leases and for working capital. The ASX-listed company will... 

Sasol’s asset sale programme advances with bids due for pipeline

By: Bloomberg     29th June 2020 Sasol expects binding bids within weeks for its stake in a natural gas pipeline running from Mozambique to South Africa, as the company accelerates asset sales to pay off debt, according to people familiar with the process. The bidding round underway for the Rompco 865 km gas pipeline stake... 

SA Inc must act now to take ownership of battery metals value chain – Bushveld 

By: Martin Creamer     26th June 2020 Bold action is needed by South Africa Inc to take ownership of the significant potential share of the global battery metals market open to it, says Bushveld Minerals CEO Fortune Mojapelo. Speaking to Mining Weekly following this week’s presentation by the company of solid 2019 financial results... 

SA Inc must act now to take ownership of battery metals value chain – Bushveld
Wind and sun are producing clean electricity that vanadium flow batteries can store.

A buyer’s guide to Sasol’s $5bn asset sale process

By: Bloomberg     25th June 2020 Sasol has accelerated an asset disposal program that could eliminate more than half of the company’s debt. The South African company is trying to raise cash amid cost overruns and lower oil prices. The process could be done in a year and take in as much as $5 billion, which would help prevent a... 

Woodside still upbeat on Sangomar

By: Esmarie Iannucci     25th June 2020 Australian oil and gas major Woodside maintains that its Sangomar development, offshore Senegal, is on track for first oil in 2023. The company this week responded to media reports stating that Senegal had been forced to delay its first oil and gas projects by up to two years on the back of the... 

FAR's stake in Sangomar facing headwinds

By: Esmarie Iannucci     24th June 2020 Africa-focused FAR on Wednesday told shareholders that it was continuing to investigate selling off a part of its 15% interest in the Rufisque, Sangomar and Sangomar Deep (RSSD) joint venture (JV), offshore Senegal, while also looking to cut corporate costs further. FAR on Wednesday told... 

Chevron inks gas deal with Nickel West

By: Esmarie Iannucci     24th June 2020 US energy major Chevron has struck a domestic gas sales agreement with mining major BHP’s Nickel West division for the delivery of natural gas from the Chevron-operated Wheatstone domestic gas facility. Starting in July, Chevron would supply BHP Nickel West with a total of 22 Petajoules (PJ) of... 

Nigerians bid to sue Shell in UK over oil spill pollution

By: Bloomberg     23rd June 2020 Thousands of Nigerians are asking British judges to give them permission to sue Royal Dutch Shell Plc in London over environmental damage caused by oil spills 3,000 miles away in Africa. Lawyers for residents of the crude-rich Niger Delta believe a landmark UK Supreme Court ruling last year... 

Covid-19 is an important catalyst for hydrogen economy’s take-off – AP Ventures  

By: Martin Creamer     22nd June 2020 Despite being a global pandemic with hugely negative health consequences, Covid-19  is an important catalyst for the take-off of the hydrogen economy, in which platinum plays a fundamental role. “There’s an opportunity now to capitalise on a new wave on interest in hydrogen,” says AP Ventures LLP... 

Covid-19 is an important catalyst for hydrogen economy’s take-off – AP Ventures
AP Ventures founding partner Kevin Eggers speaks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Glencore says will cooperate with investigation by Swiss

By: Martin Creamer     20th June 2020 Diversified mining company Glencore stated at the weekend that it would cooperate with an investigation opened into it by the office of the attorney general of Switzerland. Glencore stated in a release to Mining Weekly that it had been informed by the office of the attorney general that it had... 

Glencore says will cooperate with investigation by Swiss
Photo by Bloomberg
Glencore head office.

Woodside potential buyer of NWS stake - Woodmac

By: Esmarie Iannucci     19th June 2020 Oil and gas major Woodside on Friday said the company would ‘consider’ making an offer for US energy giant Chevron’s 16.67% stake in the North West Shelf asset, offshore Western Australia. Reports emerged this week that Chevron was seeking to sell out of the North West Shelf asset, Australia’s... 

Woodside potential buyer of NWS stake - Woodmac

Victorian onshore gas production green lit

By: Esmarie Iannucci     19th June 2020 The Petroleum Legislation Amendment Bill 2020 was passed through the Victorian Legislative Council this week, paving the way for a restart of the onshore conventional gas industry. The onshore conventional gas restart follows three years of detailed scientific investigations by the Victorian Gas... 

Tlou gets green light for 2 MW plant

By: Marleny Arnoldi     18th June 2020 ASX- and Aim-listed Tlou Energy has been granted a 15-year electricity generation licence by the Botswana Energy Regulatory Authority. The licence is for 2 MW of coal-bed methane, gas and solar power generation at the company’s Lesedi project.  

APLNG to buy Armour’s 10% interest in Murrunga block

By: Simone Liedtke     18th June 2020 Armour Energy has entered into a sale and purchase agreement with Australia Pacific Liquefied Natural Gas (LNG), or APLNG, for the sale of its 10% interest in petroleum lease 1084, known as the Murrunga block, in the Surat basin of Queensland, for $4-million. Under the terms of the agreement,... 

Chevron to start sale process for North West Shelf LNG stake

By: Bloomberg     18th June 2020 Chevron. will start a sales process for its interest in the North West Shelf project in Australia, one of the nation’s first liquefied natural gas export ventures, after receiving a number of approaches from potential buyers. The US energy major has been looking to make cutbacks as the industry... 

Chevron to start sale process for North West Shelf LNG stake

Santos inks gas deal with Gold Fields

By: Esmarie Iannucci     16th June 2020 Oil and gas major Santos has inked a new gas supply agreement with gold miner Gold Fields over its three gold mines in Western Australia. Under the terms of the agreement, Santos would supply some 5.5 PJ of natural gas from its Varanus Island gas plant over a three-year period, starting in July... 

LNG exports feel Covid impact in May - EnergyQuest

By: Esmarie Iannucci     15th June 2020 The Covid-19 pandemic started to impact liquefied natural gas (LNG) exports from Australia during the month of May, with exports down by seven cargoes, compared with April. Energy advisory EnergyQuest noted in its May report that shipments from Australian LNG projects reached 6.4-million tonnes... 

Aus looking for domestic fuel storage opportunities

By: Esmarie Iannucci     15th June 2020 The federal government has opened a request for information (RFI) process to identify opportunities to increase Australia’s domestic fuel storage capacity in an effort to boost domestic fuel security and ease pressure on refineries. Federal Energy Minister Angus Taylor said that RFIs are being... 

Australia facing stiff LNG competition

By: Esmarie Iannucci     12th June 2020 Australia could be facing increasing competition in the global supply of natural gas, the Australian Petroleum Production and Exploration Association (Appea) said this week. Pointing to a new report by the International Energy Agency (IEA), which showed that the global demand for natural gas is... 

Narrabri approval a step closer

By: Esmarie Iannucci     12th June 2020 Oil and gas major Santos has received approval from the New South Wales Department of Planning for its proposed Narrabri gas project. The report will now go to the New South Wales Independent Planning Commission (IPC), which is conducting public hearings and will make a final determination... 

ICMM members record 287 fatalities in 2019

By: Martin Creamer     11th June 2020 The International Council on Mining and Metals (ICMM) on Thursday released the 2019 safety data of its company members, who reported 287 occupational fatalities, a marked increase from the 50 fatalities recorded in 2018 and 51 fatalities recorded in 2017. ICMM said in a media release to Mining... 

ICMM members record 287 fatalities in 2019
ICMM CEO Tom Butler

Cabinet approves rationalisation plan for CEF’s oil and gas units

By: Terence Creamer     11th June 2020 Cabinet has approved appointment of a professional restructuring company that specialises in mergers to investigate the most viable model for a single ‘National Petroleum Company’. The approval follows a briefing this week relating to ongoing work to rationalise the oil and gas subsidiaries of... 

Cabinet approves rationalisation plan for CEF’s oil and gas units
Photo by Creamer Media's Donna Slater
In May, Mineral Resources and Energy Minister Gwede Mantashe told lawmakers the CEF companies would be restructured

CSG producers funding medical services in Qld

By: Esmarie Iannucci     11th June 2020 Coal seam gas (CSG) industry participants in Queensland have committed to a further five-year funding for an aeromedical rescue service that has operated in southern Queensland since 2011. Mines Minister Dr Anthony Lynham today congratulated CSG proponents Santos, Shell, Origin and Arrow Energy... 

Global mining forum IGF puts forward sweeping employment reforms 

By: Martin Creamer     10th June 2020 The Intergovernmental Forum on Mining Minerals Metals and Sustainable Development (IGF) on Wednesday put forward sweeping mining employment reforms in response to the Covid-19 pandemic, which has, it states, exposed weak points in the global labour market. IGF emerged from the 2002 World Summit... 

Global mining forum IGF puts forward sweeping employment reforms
Photo by Bloomberg
Sweeping mining reforms advocated in response to Covid-19.

Kazakhstan delays planned listings of large State companies

By: Reuters     10th June 2020 Kazakhstan has put off until 2021 to 2023 the planned listings of large state-owned companies, including oil and gas champion KazMunayGaz, the Central Asian nation's government said on Wednesday. The list of companies whose initial public offerings will be delayed "due to high volatility in... 

Weekly Coal Index heralds vital new era of African pricing transparency  

By: Martin Creamer     10th June 2020 Coal remains the dominant primary energy source for the production of electricity in South Africa. Even with high allocations for renewable energy in the latest Integrated Resource Plan (IRP) 2019, as well as the prospect of coal-plant decommissioning over the coming ten years, coal is still... 

Weekly Coal Index heralds vital new era of African pricing transparency
African Source Markets CEO Bevan Jones

Senex completes Surat basin development

By: Esmarie Iannucci     10th June 2020 ASX-listed Senex Energy has completed it’s A$400-million Surat Basin natural gas development project. The project consisted of an 80 well drilling campaign, down from the originally planned 110 wells, and in conjunction with its infrastructure partner Jemena, built and commissioned natural gas... 

Mahalo ticks another environmental box

By: Esmarie Iannucci     9th June 2020 The Mahalo gas project, in Queensland, has been granted environmental approval by the state government. Project developer Comet Ridge on Tuesday said that the latest environmental report was the second of two environmental steps required to allow the Mahalo project to move forward, and followed... 

Air will be cleaner when it leaves car engine than when it enters it – Hyundai 

By: Martin Creamer     9th June 2020 Air will be cleaner when it leaves the engine of a new hydrogen fuel cell electric car than when it enters the engine of the car, Hyundai states in a double-page advertisement in the latest edition of The Economist. This ultra-clean-air automotive advance comes against the backdrop of government... 

Air will be cleaner when it leaves car engine than when it enters it – Hyundai
Platinum and hydrogen going hand-in-glove.
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