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Oil and Gas News

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.

More gas exploration acreage made available in Qld

By: Esmarie Iannucci     8th June 2020 The Queensland government will open a further 1 500 km2 of land in the south-west for gas exploration. Mines Minister Dr Anthony Lynham said five parcels were to be released for tender on June 18 around Moonie and Injune in the resource-rich Surat and Bowen Basins. 

Qld fixes gas royalty

By: Esmarie Iannucci     8th June 2020 Queensland on Monday announced a new gas royalty regime which should assist in providing investor certainty and to help ongoing investment in the state. Treasurer and Minister for Infrastructure and Planning Cameron Dick said that the new volume-based model would support affordable supply for... 

Hydrogen projects eager for funding

By: Esmarie Iannucci     8th June 2020 Renewable hydrogen projects worth more than a combined A$3-billion are vying for funding from the Australian Renewable Energy Agency (Arena) to build the first commercial scale hydrogen projects in Australia. Federal Energy and Emissions Reduction Minister Angus Taylor noted that applications... 

Hydrogen projects eager for funding

Giant spill in Russia offers a glimpse of the Arctic’s future

By: Bloomberg     8th June 2020 Investigators have determined that the leakage of of 20 000 t of diesel (about 150 000 barrels) from a reservoir at a power plant in Russia’s Far North was caused by damage from thawing permafrost—just the latest sign of the catastrophic effects climate change is having in the Arctic. “Entire... 

Giant spill in Russia offers a glimpse of the Arctic’s future

Covid, diesel, substitution nudging platinum into sweeter spot 

By: Martin Creamer     4th June 2020 Depressed platinum is being nudged into a sweeter spot by a combination of the Covid-19 pandemic, new focus on diesel vehicles, trickling substitution of platinum for palladium and worsening supply constraints, Mining Weekly can report. Covid-19 funding demands are delaying the planned rollout of... 

Well positioned to weather storm – Standard Bank

By: Martin Creamer     4th June 2020 The Standard Bank is well positioned to weather the Covid-19 storm and remains determined to emerge from this crisis as a stronger Africa-focused financial services group, Standard Bank Group FD Dr Arno Daehnke said on Thursday. The capital and liquidity levels of Africa’s biggest lender by... 

Well positioned to weather storm – Standard Bank
Standard Bank building.

Oil slips with Opec+ discord and US demand data sowing doubt

By: Bloomberg     4th June 2020 Oil retreated from a three-month high as Opec+ unity was threatened by a long-running feud over complying with production cutbacks, while U.S. data cast doubt on the strength of the demand recovery. Futures in New York fell around 2% to below $37/bl after closing at the highest since March 6.... 

Narrabri under threat from new legislation

By: Esmarie Iannucci     4th June 2020 The Australian Petroleum Production and Exploration Association (Appea) is lamenting the passing of the Coal Seam Gas (CSG) Moratorium Bill through the New South Wales Legislative Assembly late on Wednesday. Appea CEO Andrew McConville said on Thursday that if the Bill was implemented, it would... 

Narrabri under threat from new legislation

Mozambique streaks ahead with new e-government cadastre advance 

By: Martin Creamer     3rd June 2020 While South Africa is still trundling along laboriously with a minerals cadastre system fraught with shortcomings, Mozambique has rocketed to the highest firmament of e-government licence processing, Mining Weekly can report. Mozambique first led the pack 17 years ago when, ironically, it latched... 

Mozambique streaks ahead with new e-government cadastre advance
Mozambique mining cadastre portal.

Aus/US ink petroleum agreement

By: Esmarie Iannucci     3rd June 2020 The Australian government on Wednesday said that the formal inking of the US/Australia Strategic Petroleum Reserve Lease Agreement was part of the government’s actions to shore up fuel security in Australia and to enhance its ability to withstand global shocks. The agreement will allow Australia... 

Australian oil and gas production rise in 2019 - Appea

By: Esmarie Iannucci     2nd June 2020 New data by the Australian Petroleum Production and Exploration Association (Appea) has shown that natural gas production in Australia increased by 11% in 2019, compared with 2018, and more than doubled over the past five years. Conventional gas production in 2019 reached 3.5-billion cubic feet,... 

Magubane appointed new chair of governance-impaired SFF

By: Terence Creamer     2nd June 2020 Respected former Department of Energy director-general Nelisiwe Magubane has been appointed as the new chairperson of the Strategic Fuel Fund (SFF), the governance-impaired subsidiary of the State-owned Central Energy Fund (CEF). Magubane, who is also executive chairperson of Matleng Energy... 

Magubane appointed new chair of governance-impaired SFF
Photo by Creamer Media
Nelisiwe Magubane

Minister urges mines to test without fear of mine closure 

By: Martin Creamer     29th May 2020 Mineral Resources and Energy Minister Gwede Mantashe on Friday urged mines to test for Covid-19 to the full extent without fearing mine closure. The Minister was responding to a media question on the steps the Department of Mineral Resources and Energy (DMRE) was taking to end the backlog of... 

Minister urges mines to test without fear of mine closure
Photo by Creamer Media's Donna Slater
Gwede Mantashe

South Africa’s biggest emitters to be exposed to public scrutiny 

By: Martin Creamer     29th May 2020 South Africa’s emission levels are as high as those of the eight-times-larger UK economy, EDS Systems business development head Eckart Zollner pointed out on Friday, when he also drew attention to the mounting pressure on South Africa’s biggest polluters to curb their greenhouse-gas (GHG)... 

South Africa’s biggest emitters to be exposed to public scrutiny
Eskom's coal-fired Duvha power station.

Conversation on getting economy back on track post-Covid has begun   

By: Martin Creamer     28th May 2020 The conversation has begun on getting the South African economy back on track with the necessary structural reforms post-Covid, Minerals Council South Africa CEO Roger Baxter said on Wednesday. Speaking at question time during a virtual media conference following the council’s annual general... 

Conversation on getting economy back on track post-Covid has begun
Minerals Council’s virtual media conference covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Santos and ConocoPhillips adjust deal

By: Esmarie Iannucci     28th May 2020 Oil and gas major Santos has reworked its agreement with New York listed ConocoPhillips over that company’s northern Australian business, which includes its share in the Darwin liquefied natural gas (LGN) project, and the Bayu-Undan, Barossa and Poseidon assets. The total consideration for the... 

Strike's gas project gets state backing

By: Esmarie Iannucci     28th May 2020 The Western Australian government has awarded ASX-listed Strike Energy Lead Agency Status for its West Erregulla gas project. Under the Lead Agency Framework, the Department of Jobs, Tourism, Science and Innovation will provide the West Erregulla project with case-management for government... 

Strike's gas project gets state backing

Mahalo gets EPBC approval

By: Esmarie Iannucci     27th May 2020 The Australian government has granted approval to the Mahalo gas project, near Gladstone, under the Environment Protection and Biodiversity Conservation Act (EPBC). Project developer Comet Ridge on Wednesday said that the EPBC approval was the first of two environmental steps required for the... 

Taylor urges more gas for Australian domestic market

By: Esmarie Iannucci     27th May 2020 Federal Energy and Emissions Reduction Minister Angus Taylor has called on the state and territory governments to unlock more gas for the domestic market. Quoting the latest official electricity data, Taylor noted that gas fired electricity generation accounted for 21% of Australia’s total... 

Taylor urges more gas for Australian domestic market

Senex adjusts production, sets more gas for domestic market

By: Esmarie Iannucci     26th May 2020 ASX-listed Senex Energy on Tuesday said that it has reached an agreement with Gladstone Liquefied Natural Gas (GLNG) to re-direct around 1 PJ of natural gas from the Roma North project to the domestic market. Senex told shareholders that the company would market the natural gas, along with... 

South Africa’s potential to export green hydrogen boosted   

By: Martin Creamer     26th May 2020 South Africa, which has been examining its competitiveness as a potential supplier of green hydrogen to Japan, is also being courted by Europe as a potential supplier in a world that is taking steps to decarbonise, Mining Weekly can report. Clean hydrogen is enjoying unprecedented political and... 

South Africa’s potential to export green hydrogen boosted
Japan, Europe, California creating demand for production of green hydrogen in South Africa.

M&R says order book remains healthy, despite delayed projects

By: Marleny Arnoldi     25th May 2020 JSE-listed engineering and construction group Murray & Roberts (M&R) says few of its projects have continued with little or no disruption as a result of Covid-19-related suspensions and restrictions. As a result, the company is reasonably certain that its earnings per share (EPS) for the... 

Warrego raises A$15m

By: Esmarie Iannucci     25th May 2020 ASX-listed Warrego Energy will raise A$15-million through a two tranche share placement to institutional and sophisticated investors to fund drilling at its West Erregulla assets, in Western Australia. The first tranche will consist of 94.9-million shares will be issued under the company’s... 

Santos and Denison start gas exploration in Qld

By: Esmarie Iannucci     25th May 2020 Oil and gas major Santos and junior Denison Gas will start exploring for new gas resources in Queensland. Mines Minister Dr Anthony Lynham said Santos would seek new gas between Chinchilla and Roma and Denison Gas would start exploring for gas near Emerald.  

NT gets serious about post-Covid economy

By: Esmarie Iannucci     25th May 2020 The Australian Petroleum Production and Exploration Association (Appea) has welcomed the formation of the Territory Economic Restructuring Commission in the Northern Territory. Chief Minister Michael Gunner said that the Territory Economic Restructuring Commission would be tasked with helping to... 

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