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Oil and Gas News

Alcoa secures more gas in WA

By: Esmarie Iannucci     30th September 2020 Aluminum producer Alcoa has inked three new gas sales and purchase agreements that would supply 198 PJ of gas to its alumina refineries in Western Australia, starting from 2024. The company this week said that the agreements with Warrego Energy, ExxonMobil and Chevron, coupled with existing gas... 

IPC approves Narrabri plans

By: Esmarie Iannucci     30th September 2020 The New South Wales Independent Planning Commission (IPC) has approved the A$3.6-billion Narrabri coal seam gas project, being punted by oil and gas major Santos. Santos has sought development consent for up to 850 gas wells and associated infrastructure across the 95 000 ha project area,... 

IPC approves Narrabri plans

Warrego signs gas offtake agreement with Alcoa

By: Marleny Arnoldi     28th September 2020 ASX-listed Warrego Energy has signed a gas sales agreement with one of Western Australia’s leading gas buyers, Alcoa, for the long term supply of 155 PJ of natural gas from the West Erregulla gas field. The agreement will become effective from January 1, 2024.  

Australia trims resources revenue outlook on weaker coal, LNG exports

By: Reuters     28th September 2020 Australia has pared its forecasts for mining and energy export revenue this year, as liquefied natural gas (LNG) and metallurgical coal earnings are forecast to be slightly weaker than earlier expected. Total earnings from mining and energy exports are forecast to fall 12% in the year to June... 

Green hydrogen economy growing rapidly – Hatch 

By: Martin Creamer     25th September 2020 At Glencore’s Raglan Mine, in Canada, a closed loop, microgrid system converts excess wind power to hydrogen, which is then stored in tanks. During periods of low wind power, a fuel cell produces electricity from the stored hydrogen, and within the facility are also innovations such as a battery... 

Green hydrogen economy growing rapidly – Hatch
Photo by Raglan Mine
Glencore's Raglan Mine in Canada.

Gas industry to help with green plans

By: Esmarie Iannucci     25th September 2020 A new report developed by Australia’s gas industry bodies has demonstrated the pivotal role that gas and gas infrastructure would play in Australia’s low carbon energy future. The Gas Vision 2050 report outlines a roadmap to decarbonising the natural gas sector to help meet Australia’s emissions... 

Qld allows more gas exploration

By: Esmarie Iannucci     23rd September 2020 The Queensland Resources Council (QRC) has welcomed the release of more than 3 000 km2 of land in parts of the south west and central Queensland for gas exploration. Manufacturing Minister Glenn Butcher said Senex Energy, Comet Ridge, State Gas and Denison Gas had won tenders to explore areas... 

Green hydrogen study integrating SADC ahead of trillion dollar market emergence  

By: Martin Creamer     23rd September 2020 A German-funded project to develop a green hydrogen atlas across Southern Africa is integrating the Southern African Development Community (SADF) region ahead of the projected opening up of a trillion dollar market going into the future. Funded €5.7-million by the Germany Federal Ministry of... 

Green hydrogen study integrating SADC ahead of trillion dollar market emergence
Sasscol executive director Dr Jane Olwoch interviewed by Engineering News & Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Nersa says Eskom must be buyer of IPP power arising from new determination 

By: Terence Creamer     22nd September 2020 The National Energy Regulator of South Africa (Nersa) says that Eskom should remain the buyer of the electricity produced by independent power producers (IPPs) and procured by the Department of Mineral Resources and Energy (DMRE) in line with a new Section 34 Ministerial determination for 11 813... 

Nersa says Eskom must be buyer of IPP power arising from new determination

Council for Geoscience starts deep drilling in Karoo basin 

By: Marleny Arnoldi     22nd September 2020 The Council for Geoscience (CGS) on September 21 launched Phase 2 of the Karoo Deep Drilling and Geo-environmental Base Programme (KDD), in Beaufort West. The council, as mandated by the Department of Minerals and Energy, in 2016 initiated the research programme to investigate the resource... 

Council for Geoscience starts deep drilling in Karoo basin

Senex awarded additional acreage

By: Donna Slater     21st September 2020 The Queensland government has awarded ASX-listed oil and gas company Senex Energy preferred tenderer status for a 486 km2 natural gas exploration block, PLR2020-1-9, located on trend between the Scotia and Meridian gas fields in the Bowen basin. This was done as part of the Queensland... 

Glencore admits deal to buy South African strategic crude oil reserves was invalid

By: Marleny Arnoldi     17th September 2020 The Strategic Fuel Fund (SFF) has reached an in-principle agreement with diversified miner Glencore to reverse the 2015 sale of South Africa's strategic crude oil reserves. Glencore has agreed that the sale of the three-million barrels of oil was invalid, after first challenging the matter with... 

Morrison unveils gas plans

By: Esmarie Iannucci     15th September 2020 The federal government has announced plans to re-set the east coast gas market and create a more competitive and transparent gas hub by unlocking gas supply, delivering an efficient pipeline and transportation market, and empowering gas customers. Prime Minister Scott Morrison on Tuesday... 

Morrison unveils gas plans
Photo by Bloomberg
Australian Prime Minister Scott Morrison

Platinum’s new sweeter spot elicits multiplicity of optimistic analyst views 

By: Martin Creamer     14th September 2020 The new sweeter spot that platinum group metals has entered drew a multiplicity of mainly optimistic viewpoints from analysts attending the virtual PGM Industry Day. Chaired by business development manager Rand Merchant Bank Henk de Hoop, the viewpoints were provided by Standard Chartered Bank... 

Platinum’s new sweeter spot elicits multiplicity of optimistic analyst views
Photo by Creamer Media
(From left top) Simon Kendall, Patrick Mann, Mandi Dungwa. (From left bottom) Henk de Hoop, Suki Cooper.

Platinum group metals patenting their way into battery EV space 

By: Martin Creamer     14th September 2020 Platinum Group Metals CEO R Michael Jones does not let grass grow under his feet. His parting shot to moderator Bernard Swanepoel at the virtual 2020 PGMs Industry Day last Wednesday was that platinum was on its way into battery electric vehicles as a battery metal. “If you're a great EV... 

Platinum group metals patenting their way into battery EV space
Platinum Group Metals CEO R Michael Jones

Hydrogen, platinum fund sets up shop in South Africa with dollars to invest 

By: Martin Creamer     11th September 2020 London-headquartered AP Ventures, an independent venture capital fund focussed on investing in early-stage companies that use or enable the use of platinum group metals (PGMs), has established a presence in South Africa. AP Ventures founding partner Kevin Eggers told this week’s virtual 2020 PGMs... 

Hydrogen, platinum fund sets up shop in South Africa with dollars to invest
Photo by Creamer Media
Top from left, Anton Berlin, Tim Schlick, Kevin Eggers. Bottom from left Benny Oeyen, Matthias Dohrn, Trevor Raymond.

Watch out lithium, platinum's eyeing your battery space, says PTM 

By: Martin Creamer     10th September 2020 Electric vehicles (EVs) are synonymous with lithium and fuel cell electric vehicles (FCEV) are synonymous with platinum group metals (PGMs), but will the twain meet? They certainly will if Toronto- and New York-listed Platinum Group Metals (PTM) CEO R Michael Jones has anything to do with it.... 

Watch out lithium, platinum's eyeing your battery space, says PTM
Photo by Creamer Media
Sandra du Toit and R Michael Jones (top) and Bernard Swanepoel (below).

IEA says green hydrogen is ‘ready for big time’ and lists Africa as key production site 

By: Terence Creamer     10th September 2020 Africa has been listed, in a new International Energy Agency (IEA) report, as one of the locations that could emerge as dominant in the production of green hydrogen, which the agency says is required to extend the decarbonisation reach of renewable electricity to industries where the direct use... 

IEA says green hydrogen is ‘ready for big time’ and lists Africa as key production site
IEA executive director Dr Fatih Birol

Renergen revises Virginia drilling programme

By: Tasneem Bulbulia     10th September 2020 Emerging domestic natural gas and helium producer Renergen has revised the drilling programme at its Virginia gas project, in the Free State. The first well in the programme, using a percussion rig, was unable to reach the casing point at the base of the Karoo sedimentary section after the bottom... 

Platinum has potential to be three-times-bigger $35bn-a-year industry – Minerals Council  

By: Martin Creamer     9th September 2020 Instead of being the $11-billion-a -year type industry that it is today, the platinum business has the potential to be a $35-billion-a-year industry by 2050, Minerals Council South Africa CEO Roger Baxter said on Wednesday. Baxter made this statement in response to a question put to him during a... 

Platinum has potential to be three-times-bigger $35bn-a-year industry – Minerals Council
Minerals Council South Africa CEO Roger Baxter address to PGM Day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Global trading platform key to unlocking competitiveness of green hydrogen 

By: Terence Creamer     9th September 2020 International cooperation will be key to unlocking the competitive production of green hydrogen as global trade will be required to link those countries, such as South Africa, that are best suited to producing the energy carrier, using a combination of low-cost renewable energy, water and... 

Global trading platform key to unlocking competitiveness of green hydrogen

Promoting hydrogen economy should be No1 priority – RBPlat’s Phiri 

By: Martin Creamer     9th September 2020 Promoting the hydrogen economy should be South Africa’s number one priority, Royal Bafokeng Platinum CEO Steve Phiri said on Wednesday. Speaking during a panel discussion on the current state of the platinum group metals industry at the virtual 2020 PGMs Industry Day, Phiri said that this... 

Promoting hydrogen economy should be No1 priority – RBPlat’s Phiri
Photo by Creamer Media
Steve Phiri, Andries Rossouw (from left top) and Natascha Viljoen, Nico Muller (from left bottom)

Sasol gives insight into its automation, digital journey

By: Simone Liedtke     9th September 2020 Implementing a digital transformation strategy is a “must”, rather than an option, and is driven by both external and internal forces, petrochemicals company Sasol Chemicals digital lead Oratile Sematle said on September 8. Speaking during an automation-themed webinar as part of this year’s... 

Sasol gives insight into its automation, digital journey

Natural gas is the rich world’s new coal

By: Bloomberg     9th September 2020 Even the cleanest fossil fuel is losing its appeal to rich nations. Just a few years ago, natural gas was hailed as vital for the transition toward an economy that runs on renewable energy. But sentiment is changing and the fuel is going the same way as coal, its dirtier sibling shunned by... 

Natural gas is the rich world’s new coal
Demonstrators protest against the Atlantic Coast pipeline in front of the US Supreme Court in Washington, D.C.

Fort Hills partners to restart second train

By: Mariaan Webb     9th September 2020 The Fort Hills oil sands mine, in northern Alberta, will restart the second primary extraction train, ramping up production to about 120 000 bbl/d by the end of the year, majority owner Suncor Energy announced on Tuesday. The second train at the Fort Hills joint venture with total and Teck... 

Fort Hills partners to restart second train
The Fort Hills ore preparation plant.

Prize potentially large in platinum fuel cell and hydrogen growth – prof   

By: Martin Creamer     8th September 2020 Significant growth in fuel cells and hydrogen is now almost certain and the prize for South Africa remains potentially large. That is the view of E4tech director Professor Dr David Hart of Switzerland, expressed in an address to a fuel cell webinar hosted by Nedbank CIB on Tuesday. (Also watch... 

Prize potentially large in platinum fuel cell and hydrogen growth – prof
Nedbank CIB fuel cell webinar covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Woodside signs Sangomar deal

By: Esmarie Iannucci     7th September 2020 Oil and gas producer Woodside has struck a binding sale and purchase agreement to acquire joint venture partner Capricorn Senegal’s entire participating interest in the Sangomar offshore and Sangomar deep offshore (RSSD) project, in Senegal. The binding transaction followed Woodside’s exercise... 

NWS needs more input - Woodmac

By: Esmarie Iannucci     7th September 2020 Advisory firm Wood Mackenzie (Woodmac) has estimated that the North West Shelf (NWS) liquefied natural gas (LNG) project, offshore Western Australia, would have nearly 40% of spare capacity by 2027. Woodmac has estimated that the NWS project would have up to seven-million tonnes a year of spare... 

NWS needs more input - Woodmac

EPA approves Waitsia gas project

By: Esmarie Iannucci     7th September 2020 The Western Australian Environmental Protection Authority (EPA) has recommended the Waitsia Gas project Stage 2 for environmental approval, subject to strict conditions. Producer AWE Perth, under Mitsui E&P Australia, is hoping to construct and operate a conventional gas facility about 16 km... 

Sasol seeks carbon-utilisation solutions for South African operations 

By: Terence Creamer     4th September 2020 Energy and chemicals group Sasol has initiated a process through which it aims to identify potential partners for the development and demonstration of technologies that can utilise the carbon dioxide (CO2) produced at its South African operations as part of a broader strategy to lower its... 

Sasol seeks carbon-utilisation solutions for South African operations

Lagging platinum being actively promoted – Implats  

By: Martin Creamer     3rd September 2020 Demand for platinum, the price laggard of the high-flying platinum group metals basket, is being actively promoted on several fronts, Implats reported on Thursday. Following the company’s presentation of stellar cash-generating and dividend-yielding financial results, which featured a gross... 

Lagging platinum being actively promoted – Implats
Implats virtual results presentation covered by Mining Weekly’s Martin Creamer. Video: Kelly Creamer and Darlene Creamer.

Chevron delays Gorgon Train 2 restart

By: Esmarie Iannucci     3rd September 2020 US oil and gas major Chevron on Wednesday said that it would need additional time to complete repairs of propane heat exchangers on the second train at its Gorgon liquefied natural gas (LNG) project at Barrow Island. Weld quality issues were discovered during scheduled maintenance in July this... 

Nigeria says can tap mineral wealth despite Covid-19, unrest

By: Reuters     2nd September 2020 Nigeria aims to have 50 mines in operation by 2023 and can make up for time lost because of the impact of Covid-19 on development of the nascent sector, the country's mining minister said in an interview. Africa's largest oil producer is banking on mining to diversify its income and revive its... 

South Africa’s green revolution gathering momentum 

2nd September 2020 The Covid-19 pandemic has presented countries around the world with immense challenges, as the impact of the virus has affected every aspect of everyday life as we know it, write Dr Cosmas Chiteme, Dr Rebecca Maserumule and Prof Dmitri Bessarabov. (Chiteme and Maserumule are senior managers at... 

South Africa’s green revolution gathering momentum
Hydrogen fuel and containerised fuel cell installations at One Military Hospital in Pretoria.

Sasol Lake Charles project remains shut after Hurricane Laura

By: Simone Liedtke     31st August 2020 Petrochemicals company Sasol says manufacturing facilities at its Lake Charles Chemicals Complex, in the US, remain shut down as a result of Hurricane Laura. The group last week activated its inclement weather protocols at the complex, in preparation for Hurricane Laura, which made landfall near... 

New oil and gas exploration acreage released

By: Esmarie Iannucci     27th August 2020 The federal government has released 42 areas in Commonwealth waters off Western Australia, Victoria, Northern Territory and the Territory of Ashmore and Cartier Islands for its 2020 Offshore Petroleum Exploration Acreage release. Approximately 100 000 km2 of acreage has been made available for... 

New oil and gas exploration acreage released

M&R retreats into a loss amid R622m Covid-19 hit 

By: Terence Creamer     26th August 2020 Engineering and construction group Murray & Roberts (M&R) estimates that the Covid-19 pandemic had a R622-million negative impact on its results for the 2020 financial year, during which the company retreated into a lossmaking position. The JSE-listed group reported a loss before interest and tax... 

M&R retreats into a loss amid R622m Covid-19 hit

Appea urges changes to boost oil and gas sector

By: Esmarie Iannucci     25th August 2020 The Australian Petroleum Production and Exploration Association (Appea) has urged the federal government to extend the Junior Minerals Exploration Incentive (JMEI) to the oil and gas sector. In its pre-Budget submission, Appea also recommended four other reforms, including making salary costs... 

Appea urges changes to boost oil and gas sector
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