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Oil and Gas News

Senex completes $87.5m sale of Cooper Basin to Beach Energy

By: Donna Slater     1st March 2021 ASX-listed natural gas producer Senex Energy has completed the $87.5-million sale of its south Australian Cooper Basin business to Beach Energy, satisfying the condition for payment of a special 0.5 c apiece dividend to shareholders, in addition to the 0.5 c a piece distribution for the 2021... 

Weekly Coal Index Report

1st March 2021 Even as US coal production continues to slide, and domestic consumption is cut, it emerged that the United States was the major beneficiary of China’s ban on Australian coal imports from the fourth quarter of 2020. This was arguably more for coking coal than thermal coal, but it’s interesting to... 

Weekly Coal Index Report

Company reduces environmental risk through greener blasts

26th February 2021 For over three decades, chemicals manufacturer Omnia Holdings’ subsidiary Bulk Mining Explosives (BME) has been incorporating used oil in its emulsion explosives, making blasting greener and reducing environmental risk. Consequently, the company is the leading consumer of used oil in the... 

Implats pursuing renewables, green hydrogen, exploration, carbon neutrality  

By: Martin Creamer     25th February 2021 Platinum group metals (PGMs) mining and marketing company Implats is pursuing green hydrogen, greenfield exploration and carbon neutrality, the company made clear during question time after presenting a stellar set of high-dividend-yielding interim financial results on Thursday, which cut debt by... 

Implats pursuing renewables, green hydrogen, exploration, carbon neutrality
Impala Platinum's Shaft 16 in Rustenburg

Test mine study under way for Fourth Industrial Revolution try-outs  

By: Martin Creamer     24th February 2021 A feasibility study is under way on a mine selected for the testing of Fourth Industrial Revolution (4IR) technologies ahead of their implementation, Minerals Council South Africa senior executive modernisation and safety Sietse van der Woude said on Wednesday. Van der Woude was answering... 

Test mine study under way for Fourth Industrial Revolution try-outs
Joburg Indaba Modernisation in Mining virtual event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Keystone XL’s death sparks rush to ship oil-sands crude by rail

By: Bloomberg     24th February 2021 US President Joe Biden’s decision to cancel the Keystone XL pipeline is sparking renewed interest in shipping Canadian oil-sands crude by rail, and that comes with its own environmental risks. Cenovus Energy and Imperial Oil have increasingly turned to trains to move their crude, with oil... 

Investment in industry key - Appea

By: Esmarie Iannucci     24th February 2021 The Australian Petroleum Production and Exploration Association (Appea) has called on the incoming state government to attract investment in the resources sector, ahead of the March elections in Western Australia. Appea on Wednesday urged the incoming state government to focus on the investment... 

Supercharged commodity boom: Definitely. Supercycle? Not exactly

By: Bloomberg     23rd February 2021 A surge in commodity prices has Wall Street banks gearing up for the arrival of a new supercycle, but underlying dynamics suggest it isn’t going to be a repeat of the epic China-led boom at the start of this century. Copper heading for new all-time highs, surging agricultural markets and oil... 

Supercharged commodity boom: Definitely. Supercycle? Not exactly

Green hydrogen to be produced from solar power at platinum mine  

By: Martin Creamer     22nd February 2021 Although platinum group metals (PGMs) mining and marketing company Anglo American Platinum will be starting with a 75 MW solar photovoltaic powered plant at its Mogalakwena mine, planned is an eventual 320 MW of solar power generation, the excess from which will be used to produce green hydrogen.... 

Green hydrogen to be produced from solar power at platinum mine
Anglo American Platinum CEO Natascha Viljoen interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Oil Search starts FEED in Alaska

By: Esmarie Iannucci     22nd February 2021 ASX-listed Oil Search has announced front-end engineering design (FEED) for Phase 1 of its Pikka project, in Alaska. The Phase 1 project would include a single drill site and an 80 000 bbl/d production facility, where first oil is planned for 2025. 

Global decarbonisation rapidly upping demand for Anglo Platinum products 

By: Martin Creamer     22nd February 2021 Platinum group metals mining and marketing company Anglo American Platinum said on Monday that it was poised to deliver next phase of value for its stakeholders as decarbonisation efforts increase the long-term demand for its metals. “We are grounded in our purpose to re-imagine mining to improve... 

Global decarbonisation rapidly upping demand for Anglo Platinum products
Anglo American Platinum's Mogalakwena platinum mine in Limpopo.

Sasol abandons rights issue as it secures $3.3bn from asset disposals 

By: Terence Creamer     22nd February 2021 Chemicals and energy group Sasol confirmed on Monday that it would no longer pursue a rights issue in light of progress made, through assets sales and cost savings, to shore up its debt-laden balance sheet. In a recorded results presentation, president and CEO Fleetwood Grobler said that the... 

Sasol abandons rights issue as it secures $3.3bn from asset disposals
Photo by Creamer Media's Donna Slater
Sasol CEO Fleetwood Grobler

Senex pays first dividend

By: Esmarie Iannucci     22nd February 2021 ASX-listed Senex Energy has started dividend distribution on the back of the successful delivery of its A$400-million Surat basin natural gas development project, which saw revenue and earnings soar in the first half of 2021. Natural gas production in the first half of 2021 was up 271% to 8 PJ,... 

Woodside inks LNG offtake

By: Esmarie Iannucci     19th February 2021 Energy major Woodside has inked a sale and purchase agreement with RWE Supply & Trading GmbH to supply liquefied natural gas (LNG), starting in 2025. Under the seven-year agreement, Woodside would supply some 0.84-million tonnes a year, with the SPA not subject to final investment decision... 

Sibanye assessing on-site green hydrogen generation to power fuel cell mobility  

By: Martin Creamer     18th February 2021 Platinum group metals (PGM) producer Sibanye-Stillwater is assessing the generation of green hydrogen on its mine sites to power PGM-catalysed hydrogen fuel cell mobility, it said on Thursday, when the Johannesburg- and New York-listed company foresaw good exposure for itself to the hydrogen... 

Sibanye assessing on-site green hydrogen generation to power fuel cell mobility
Sibanye-Stillwater results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Santos profits fall by 153%

By: Esmarie Iannucci     18th February 2021 Oil and gas major Santos has reported a 153% decline in profits after tax for the 2020 financial year, with the company swinging to a net loss of $357-million. Santos on Thursday reported record annual production of 89-million barrels of oil equivalent for the full 2020, along with sales volumes... 

Woodside swings to a loss

By: Esmarie Iannucci     18th February 2021 Despite reporting record full year production for 2020, oil and gas producer Woodside has announced a net loss after tax of $4.02-billion on the back of non-cash impairments and ‘onerous’ contract provisions. Woodside on Thursday announced that production for the full year was up 12%, to... 

Glencore ready to support transition to low-carbon economy – Glasenberg 

By: Martin Creamer     16th February 2021 Diversified mining and marketing company Glencore is ready to support the transition to a low-carbon economy, CEO Ivan Glasenberg said on Tuesday when the company reported finishing 2020 with earnings before interest tax depreciation and amortisation (Ebitda) of $11.6-billion, Covid-19... 

Glencore ready to support transition to low-carbon economy – Glasenberg
Glencore CEO Ivan Glasenberg

Sufficient gas to meet east coast demand, for now - ACCC

By: Esmarie Iannucci     16th February 2021 The Australian Competition and Consumer Commission (ACCC) has released its latest Gas inquiry 2017-2025 Interim Report which has confirmed that there is currently no shortfall in the domestic gas market. The report noted that domestic gas prices fell significantly during the past year, driven in... 

Santos warns of bigger impairment

By: Esmarie Iannucci     16th February 2021 Oil and gas major Santos has warned of further impairments of some $139-million for its 2020 financial results, in addition to the $756-million of expected impairments due to lower oil price assumptions included in the company’s half-year results. The ASX-listed company told shareholders that a... 

Beach's new find welcomed

By: Esmarie Iannucci     15th February 2021 Federal Resources Minister Keith Pitt has welcomed an announcement by ASX-listed Beach Energy of exploration success at its Enterprise gas field in the Victorian Otway basin. Beach on Monday announced A net 2P undeveloped reserve of 21-million barrels of oil equivalent for the Enterprise gas... 

Beach's new find welcomed

PGMs-linked hydrogen production on way with local electrolysers, 12J funding  

By: Martin Creamer     15th February 2021 South African company Hydrox Holdings of Randburg is developing an advanced alkaline electrolyser to supply what it describes as “huge hydrogen demand”. The zero gap system will be the first locally produced electrolyser for South Africa and Africa, Hydrox states in a media release to Mining Weekly. 

PGMs-linked hydrogen production on way with local electrolysers, 12J funding
Photo by Creamer Media
Hydrox Holdings CEO Corrie de Jager

Appea confirms climate commitments

12th February 2021 The Australian oil and gas sector has reaffirmed its commitment to meeting emissions reduction targets consistent with the objectives of the Paris Agreement, while maintaining affordable, secure energy supplies to consumers and industries that provide jobs and economic growth. Releasing the... 

Altona refinery closes

By: Esmarie Iannucci     11th February 2021 Federal Energy and Emissions Reduction Minister Angus Taylor has labelled energy major ExxonMobil’s decision to close its Altona refinery, in Victoria, as "extremely disappointing". The company this week announced plans to close Australia’s smallest refinery, following an extensive review of the... 

Red Sky completes Beach buy

By: Esmarie Iannucci     11th February 2021 ASX-listed Red Sky Energy has completed the acquisition of the Killanoola petroleum retention licence, in South Australia, from fellow-listed Beach Energy. The two companies in November last year struck an agreement under which Red Sky would acquire the retention licence for A$1, and would take... 

Vision Blue helping world to achieve green dream with high-return prospects for investors  

By: Martin Creamer     10th February 2021 The world’s energy transition away from fossil fuels is a phenomenon that is not dependent on any assumptions about gross domestic product (GDP) growth or countries urbanising or industrialising. It is a phenomenon driven by international consensus that the carbon footprint of the world has to be... 

Vision Blue helping world to achieve green dream with high-return prospects for investors
Sir Mick Davis interviewed by Mining Weekly’s Martin Creamer about Vision Blue Resources. Video: Darlene Creamer.

Platinum group metals outlook: constrained supply, very strong demand growth – WPIC  

By: Martin Creamer     8th February 2021 The outlook for platinum group metals (PGMs) is one of constrained supply and very strong demand growth. “You’ve got the entire PGMs suite that is short and that certainly will translate into tight markets,” World Platinum Investment Council (WPIC) Director of Research Trevor Raymond told Mining... 

Platinum group metals outlook: constrained supply, very strong demand growth – WPIC
World Platinum Investment Council Director of Research Trevor Raymond interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Opinion: Sustainable energy - a fascinating dynamic for the resources sector  

5th February 2021 In this opinion piece, written to coincide with the yearly Investing in African Mining Indaba,  Absa Corporate and Investment Banking natural resources and energy head Shirley Webber writes about the key sustainability trends the financial services industry will be monitoring this year. Issues... 

Glencore reports higher zinc, silver output but lower ferrochrome and copper production 

By: Marleny Arnoldi     3rd February 2021 Global miner Glencore says its mining assets performed well in difficult circumstances during 2020, with year-on-year increases in zinc, gold and silver production. Glencore says Covid-19 and the related mandatory suspensions and restrictions impacted on ferrochrome production in South Africa,... 

Glencore reports higher zinc, silver output but lower ferrochrome and copper production
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

New explorer gets Surat acreage

3rd February 2021 The Queensland government has appointed first-time explorer AusGasCo CSG as the preferred tenderer to explore for gas on two blocks in the Bowen and Surat basins. “Not only are we are doing all we can to get more gas in the market, but we are welcoming first time junior explorers to help bring... 

Shale investor Dan Wilks takes active stake in NexTier Oilfield Solutions

By: Reuters     2nd February 2021 Shale investor Dan Wilks on Monday reported a 5.13% active stake in NexTier Oilfield Solutions , saying the shares of the US provider of hydraulic fracturing services are "undervalued" and that he may push for a sale or other alternatives. The billionaire Wilks brothers have been acquiring... 

Appea urges more reforms

By: Esmarie Iannucci     2nd February 2021 The Australian Petroleum Production and Exploration Association (Appea) has urged the Australian government to embrace measures for long-term business investment that will ensure sustained job creation and economic growth for Australia. In its pre-Budget submission, Appea made a number of... 

State backs Woodside/NWS plans

By: Esmarie Iannucci     29th January 2021 Oil and gas major Woodside and the North West Shelf (NWS) project participants have struck an agreement with the Western Australian government that would enable the supply of feed gas from Pluto to be processed at the NWS’s Karratha gas plant (KGP). The agreement with the state government... 

Biden’s early climate blitz goes faster, further than expected

By: Bloomberg     28th January 2021 Oil and gas companies knew they would face a fight with President Joe Biden, who had campaigned on tackling climate change. Nobody expected fossil fuel to come under such an immediate attack. Biden didn’t quietly sidetrack the Keystone XL pipeline with legal maneuvers. The new president yanked... 

Biden’s early climate blitz goes faster, further than expected
John Kerry, special presidential envoy for climate, during a news conference at the White House on Wednesday.

Third consecutive year of coal export decline from Richards Bay Coal Terminal  

By: Martin Creamer     27th January 2021 Coal exports from South Africa’s Richards Bay Coal Terminal (RBCT) last year declined for the third consecutive year, with the 70.2-million tons exported to mainly Asia and single-digit percentages to Africa and Europe, taking exports back to what they were in 2013. In 2020, two-million fewer... 

Third consecutive year of coal export decline from Richards Bay Coal Terminal
Richards Bay Coal Terminal’s presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Beach readies for Waitsia Stage 2

By: Esmarie Iannucci     27th January 2021 Energy major Beach Energy has reported an 8% fall in production for the December quarter, compared with the three months to September, as operations were impacted by maintenance at the Otway gas plant during November. Production in the December quarter reached 6.2-million barrels of oil... 

Oil Search has solid quarter

By: Esmarie Iannucci     27th January 2021 ASX-listed Oil Search has reported a solid quarter of production during the three months to December, with its Papua New Guinea (PNG) liquefied natural gas (LNG) project delivering record annual production. Total production for the fourth quarter ended December reached 7.06-million barrels of... 

Senex continues to grow

By: Esmarie Iannucci     22nd January 2021 ASX-listed Senex Energy has reported a 16% increase in production and a 26% increase in sales revenue for the quarter ended December, as the ramp-up of its Atlas operation, in the Surat basin, continues. Quarterly production reached 4.3 PJ during the three months to December, up 16% on the... 

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