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Oil and Gas News

New hydrogen investment by PGMs-linked venture fund bodes well for South Africa 

By: Martin Creamer     1st December 2020 A new investment in hydrogen, made by the sustainability-focused AP Ventures, bodes well for South Africa. AP Ventures, an independent venture capital fund that invests in early-stage companies that use platinum group metals (PGMs), has invested €5-million equity in HPNow, which has introduced a... 

Glencore’s takeover of Orsted LNG effective

By: Marleny Arnoldi     1st December 2020 Diversified miner Glencore on December 1 completed the acquisition of Danish multinational power company Orsted’s liquefied natural gas (LNG) business. Under the terms of the transaction, Glencore’s oil division has taken over a number of LNG supply contracts, as well as the right to use... 

Glencore’s takeover of Orsted LNG effective
Photo by Bloomberg
LNG carrier

Qld invests heavily in jobs, hydrogen and mining

By: Esmarie Iannucci     1st December 2020 The Queensland resources sector has committed to working with the state government to support economic recovery post the Covid-19 pandemic, as the government released its 2020-21 Budget. Treasurer and Minister for Investment Cameron Dick on Tuesday revealed Queensland would be the only state,... 

INPEX moves away from Fifo

By: Esmarie Iannucci     1st December 2020 Japanese liquefied natural gas (LNG) producer INPEX has reportedly announced plans to halt fly-in, fly out (Fifo) operations in both the Northern Territory and Western Australia, requiring its workforce to move to those states by 2023. INPEX VP of corporate coordination, Bill Towsend, was... 

Shell LNG to power BHP ships

By: Esmarie Iannucci     1st December 2020 Diversified miner BHP has tapped energy major Shell to supply first liquefied natural gas (LNG) for five LNG-fuelled Newcastlemax bulk carriers, which will transport iron-ore between Western Australia and China from 2022. “The LNG bunkering contract marks a significant step in how BHP is working... 

Santos sets production and emissions targets

By: Esmarie Iannucci     1st December 2020 Oil and gas major Santos has increased its production guidance for 2020, lowered its cost guidance for the year, and have set a net-zero emissions target for 2040. At an investor day in Sydney, the ASX-listed Santos increased its production guidance from the previous 83-million to 88-million... 

Santos sets production and emissions targets

ExxonMobil nixes Bass Strait sale – reports

By: Mariaan Webb     27th November 2020 Oil and gas major ExxonMobil has called off the multibillion-dollar sale of its stake in the Bass Strait oil and gas fields, off the coast of Victoria, after failing to attract attractive enough offers. The company told its workforce on Friday that it had decided to retain the assets, following... 

 ExxonMobil nixes Bass Strait sale – reports

Steadily growing order books helps M&R weather remaining pandemic impacts 

By: Marleny Arnoldi     26th November 2020 While still recovering from a R622-million Covid-19 impact on its business in the 2020 financial year, JSE-listed construction group Murry & Roberts (M&R) says its R60.5-billion order book will help in its upward trajectory following the pandemic. The company had reported an order book of... 

Palladium-dominant Waterberg project's advance is primary objective –­ PTM 

By: Martin Creamer     26th November 2020 The advancement of the palladium-dominant Waterberg Project to a development and construction decision is the primary business objective of Platinum Group Metals (PTM), for which construction funding and concentrate offtake arrangements are being pursued. The Toronto- and New York-listed company,... 

Palladium-dominant Waterberg project's advance is primary objective –­ PTM
Platinum Group Metals CEO Michael Jones.

Anglo praised for blazing decarbonised mining trail with hydrogen truck project  

By: Martin Creamer     25th November 2020 The electrolyser that will generate renewable hydrogen for the world’s largest hydrogen fuel cell electric vehicle project has been delivered to site by Nel Hydrogen Electrolyser AS, as part of the joint partnership with ENGIE and Anglo American, announced last year. ENGIE is providing the... 

Anglo praised for blazing decarbonised mining trail with hydrogen truck project
Nel Hydrogen Electrolyser Senior Vice President Business Development David Bow interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

APA invests A$460m in WA pipeline

By: Esmarie Iannucci     25th November 2020 Energy infrastructure provider APA on Wednesday announced a A$460-million investment to construct a 580-km pipeline in Western Australia to connect the emerging gas fields in the Perth basin to the Goldfields region, to form an interconnected gas grid. “Having developed an interconnected gas... 

APA invests A$460m in WA pipeline

These days, the smart money is staying away from Arctic drilling

By: Bloomberg     25th November 2020 The Trump administration is racing against legal deadlines and a merciless regulatory calendar in its last-ditch effort to sell drilling rights in the Arctic National Wildlife Refuge before President-elect Joe Biden is sworn in at noon on January 20. Even if the White House succeeds in clearing... 

These days, the smart money is staying away from Arctic drilling

African green hydrogen can provide important economic impetus – BMBF 

By: Martin Creamer     24th November 2020 The establishment of an African hydrogen economy based on renewable energy can provide important impetus in the Southern African region and offer new perspectives, especially to young people. That is the view of German Federal Ministry of Education and Research (BMBF) Energy and Green Hydrogen... 

African green hydrogen can provide important economic impetus – BMBF
Federal Research Minister Anja Karliczek and Innovation Commissioner ‘Green Hydrogen‘ Dr Stefan Kaufmann: Small bottle, huge effect. Sufficient energy to supply a refrigerator for a day – 48 litres of hydrogen are bound in this 80 ml liquid, referred to as liquid organic hydrogen carrier or LOHC. Dr Kaufmann was in South Africa earlier this month. © BMBF/Hans-Joachim Rickel

Narrabri gets environmental approval

By: Esmarie Iannucci     24th November 2020 Federal Environment Minister Sussan Ley has given environmental approval for oil and gas major Santos’ Narrabri gas project, in the Gunnedah basin, subject to a number of conditions. The approval conditions include an early warning system that would include ongoing bore monitoring and modeling... 

Oil and gas continues to drive economy - report

By: Esmarie Iannucci     23rd November 2020 Australia’s oil and gas industry still has a significant role to play in the country’s economic recovery following Covid-19, a new report by advisory firm Ernst & Young (EY) shows. Commissioned by the Australian Petroleum Production and Exploration Association (Appea), the EY report notes that... 

Aus fighting to stay on top - Taylor

By: Esmarie Iannucci     23rd November 2020 The Australian government has reiterated its commitment to maintaining Australia’s position as the top liquefied natural gas (LNG) exporter in the world. Speaking at the Australian Financial Review’s Energy and Climate summit, federal Energy and Emissions Reduction Minister Angus Taylor said the... 

Australia's project pipeline grows despite Covid

By: Esmarie Iannucci     23rd November 2020 The number of resources and energy major development projects has increased by 19% over the last 12 months, new data from the Office of the Chief Economist has shown. There are currently 335 major projects in the development pipeline, with the value of the projects in the pipeline increasing by... 

Australia's project pipeline grows despite Covid

Senex raises concerns around potential reservation

By: Esmarie Iannucci     19th November 2020 Government intervention into the domestic gas sector could have dire consequences, energy producer Senex Energy has warned. Chairperson Trevor Bourne told shareholders at the company’s annual general meeting on Thursday said that while sensible reforms could improve the efficiency of the gas... 

Upstream transactions in Asia Pacific lagging - WoodMac

19th November 2020 New research by global advisory Wood Mackenzie (WoodMac) has shown that 2020 is likely to be the quietest year for upstream transactions in the Asia Pacific region since the beginning of the 21st century. As of mid-November, only $426-million of assets have changed hands this year, down over... 

Upstream transactions in Asia Pacific lagging - WoodMac

Oil Search refocuses on Alaska

By: Esmarie Iannucci     19th November 2020 ASX-listed Oil Search has announced a renewed focus on its Alaskan projects as part of its response to the changing market environment, with first oil at the Pikka project targeted for 2025. MD Dr Keiran Wulff told investors on Thursday that the challenges posed by the Covid-19 pandemic and oil... 

Oil Search refocuses on Alaska

Anglo’s investment commitment to South Africa up R15bn  

By: Martin Creamer     18th November 2020 Anglo American is on track to exceed its original investment commitment to South Africa, despite Covid-19 impacts, Mining Weekly can report. At this year’s SA Investment Conference, the London- and Johannesburg-listed diamond, platinum group metals and iron-ore mining company increased its total... 

Anglo’s investment commitment to South Africa up R15bn
Anglo American CEO Mark Cutifani

Keystone XL gets Indigenous investment with hopes to woo Biden

By: Bloomberg     18th November 2020 Keystone XL is receiving an investment from Canadian indigenous groups in a deal that TC Energy hopes will help save its embattled oil pipeline project from being scrapped by US President-elect Joe Biden. Natural Law Energy, a group of five first nations in Alberta and Saskatchewan, will make an... 

Keystone XL gets Indigenous investment with hopes to woo Biden

Britain to ban new petrol cars and vans by 2030 on road to net zero emissions

By: Reuters     18th November 2020 Britain will move up a ban on new petrol and diesel cars and vans to 2030 and is eyeing 250 000 new jobs as part of a green industrial revolution, Prime Minister Boris Johnson said as he tries to meet Britain's net zero emissions climate target. Johnson is seeking to show his government is on... 

Platinum investment demand rockets on risk and hydrogen – WPIC

By: Martin Creamer     18th November 2020 Platinum investment demand rocketed 291% in the three months to September 30, World Platinum Investment Council (WPIC) reported on Wednesday, when it forecast a third consecutive annual platinum deficit next year on an initial projected 2021 deficit of 224 000 oz. The high third-quarter (Q3)... 

Platinum investment demand rockets on risk and hydrogen – WPIC
Paul Wilson

Minister blasts gas report

By: Esmarie Iannucci     17th November 2020 Federal Energy and Emissions Minister Angus Taylor has bashed research by the Gattan Institute, which questioned a gas-led economic recovery. The Gattan Institute argued that despite government promises and promotions, the east coast of Australia was faced with ‘inexorably more expensive gas’,... 

Trump rushes environmental regulations that could handcuff Biden

By: Bloomberg     16th November 2020 The Trump administration is rushing to issue permits, finalise major environmental regulations and even sell the rights to drill for oil in Alaskan wilderness before Inauguration Day in a push that could complicate Joe Biden’s climate and conservation agenda. The 11th-hour regulatory race... 

Trump rushes environmental regulations that could handcuff Biden

Iridium breakthrough a boost for green hydrogen economy, PGMs mining  

By: Martin Creamer     16th November 2020 The amount of iridium required to electrolyse green hydrogen has been drastically reduced, a breakthrough that is a significant boost for the upcoming green hydrogen economy as well as South African platinum group metals (PGMs) mining. Heraeus Precious Metals has achieved a material thrifting... 

Iridium breakthrough a boost for green hydrogen economy, PGMs mining
Heraeus Precious Metals Executive Vice President Philipp Walter interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Hydrogen worth billions to Aus

By: Esmarie Iannucci     16th November 2020 Australia’s hydrogen industry could generate some A$11-billion a year in gross domestic product by 2050, and could create some 8 000 new jobs in that timeframe, federal Energy and Emissions Reduction Minister Angus Taylor said on Monday. Speaking at the Australian Hydrogen conference, Taylor... 

Australia's gas-recovery questioned

By: Esmarie Iannucci     16th November 2020 New research by independent researcher Grattan Institute has questioned whether the Australian government’s push for a gas-led recovery from the Covid-19 pandemic was feasible, arguing that gas would become an increasingly expensive energy source. “The Prime Minister has talked up a gas-fired... 

Australia's gas-recovery questioned

Govt gas intervention a last measure - Taylor

By: Esmarie Iannucci     13th November 2020 Federal Energy and Emissions Reduction Minister, Angus Taylor, this week said that the government would only consider intervening in the domestic gas market if was left with no other option. Taylor said at a Ministerial Gas Roundtable on Thursday that gas had a significant role to play in... 

Govt gas intervention a last measure - Taylor

Port Kembla lease secured

By: Esmarie Iannucci     13th November 2020 Andrew Forrest’s Squadron Energy has taken another step in the development of the Port Kembla gas terminal (PKGT) after inking a 25-year lease with New South Wales Port. Australian Industrial Energy (AIE), which is part of Squadron Energy, will immediately start a site handover process, paving... 

IEA cuts oil-demand outlook as vaccines won’t rescue market soon

By: Bloomberg     12th November 2020 The International Energy Agency (IEA) cut forecasts for global oil demand amid new lockdown measures and cautioned that the vaccine breakthrough won’t quickly revive markets. While crude prices rallied to a 10-week high above $45 this week on news of Pfizer Inc.’s progress, fuel use won’t... 

China's LNG demand remains strong - EnergyQuest

By: Esmarie Iannucci     12th November 2020 Despite mounting political and trade tensions between Australia and China, Australia’s liquefied natural gas (LNG) shipments to the Asian giant have remained unaffected, data from energy advisory EnergyQuest has shown. EnergyQuest has reported that in the first ten months of 2020, Australia... 

China's LNG demand remains strong - EnergyQuest

2026 production target set for Scarborough

By: Esmarie Iannucci     11th November 2020 First production from the Scarborough gas field has been targeted for 2026, Australian oil and gas producer Woodside said on Wednesday. Speaking at an investor briefing, CEO Peter Coleman said that the deferral in March this year of final investment decisions on Scarborough and Pluto Train 2... 

FAR sells Senegal stake

By: Esmarie Iannucci     11th November 2020 ASX-listed FAR on Wednesday announced a $45-million transaction with Indian major ONGC Videsh Vankorneft for its 15% interest in the Rufisque offshore, Sangomar offshore and Sangomar deep offshore (RSSD) contract area, offshore Senegal. In addition to taking FAR’s 15% interest in the the project... 

Jemena planning A$5bn gas investment

By: Esmarie Iannucci     11th November 2020 Energy infrastructure developer Jemena has unveiled plans for a A$5-billion investment that could see more gas production from the Northern Territory. The company this week announced that it had has inked a binding memorandum of understanding (MoU) with Tamboran Resources, which holds premium... 

Jemena planning A$5bn gas investment

Platinum-linked green hydrogen economy right for Africa, says project manager  

By: Martin Creamer     10th November 2020 The long value chain of green hydrogen economy has the potential to create a multiplicity of jobs and open up the market for investment possibilities for the Southern African region into what is expected to become a multi-trillion-dollar global decarbonisation market. Forschungszentrum Jülich... 

Platinum-linked green hydrogen economy right for Africa, says project manager
Mining Weekly’s Martin Creamer is given update on platinum-linked green hydrogen. Video: Darlene Creamer.

Beach digs up new gas

By: Esmarie Iannucci     10th November 2020 The share price of oil and gas producer Beach Energy soared on Tuesday with the announcement of a gas discovery in the Victorian Otway basin at its exploration well Enterprise 1. The company told shareholders that the well was successfully drilled to a total depth of 4 974 m measured depth and... 

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