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Oil and Gas News

Full reopening of mining from June 1 – President Ramaphosa

By: Martin Creamer     24th May 2020 Subject to strict Covid-19 protocols, mining will be allowed to reopen fully from June 1, President Cyril Ramaphosa said on Sunday. In his address on South Africa’s response to the coronavirus pandemic, the President announced that South Africa would advance to level 3 from June 1, with an... 

Leon lists measures to attract mining investment in these challenging times  

By: Martin Creamer     22nd May 2020 South Africa should consider appointing an independent minerals regulator to speed up minerals licensing, Herbert Smith Freehills Africa co-chair Peter Leon said during a webinar this week. Responding to Patrick Leyden, who moderated the webinar entitled re-imagining the sub-Saharan mining... 

Leon lists measures to attract mining investment in these challenging times
Herbert Smith Freehills Africa Co-Chair Peter Leon spoke at a webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Mining becoming significant corporate buyer of renewable energy ­– ICMM 

By: Martin Creamer     21st May 2020 The mining industry has started to become a significant corporate buyer of renewable energy in regions where these technologies have become reliable and cost-competitive compared with fossil fuel-based electricity, says the International Council on Mining and Metals (ICMM). These regions include... 

Mining becoming significant corporate buyer of renewable energy ­– ICMM
Wind turbines at Gold Fields’ Agnew gold mine in Western Australia.

Strike enters into infrastructure deal for West Erregulla

By: Esmarie Iannucci     21st May 2020 ASX-listed Strike Energy has partnered with gas infrastructure provider Australian Gas Infrastructure Group (AGIG) to build, own and operate a 50 TJ/d gas plant for Strike’s Phase 1 West Erregulla development, in Western in Western Australia. Strike on Thursday said that the project would... 

Gazetted Covid guideline restates much of what mining has already adopted 

By: Martin Creamer     20th May 2020 The newly gazetted guideline to prevent, mitigate and manage the Covid-19 pandemic on mines is largely a restatement of what has already been adopted by the mining industry. Most of the requirements of the code of practice (COP) mandated in the gazette already form part of the standard operating... 

Gazetted Covid guideline restates much of what mining has already adopted
ENSafrica executive consultant Willem le Roux

Covid prevention a must at mines – gazette 

By: Martin Creamer     20th May 2020 Covid-19 prevention, mitigation and management programmes must be established at mines using the guideline gazetted by Chief Inspector of Mines David Msiza on Tuesday. The gazette notice states that this guideline provides minimum requirements for the compilation of a code of practice to prevent... 

Covid prevention a must at mines – gazette
Photo by Creamer Media
Chief Inspector of Mines David Msiza

Mandatory code of Covid mining practice gazetted 

By: Martin Creamer     19th May 2020 South Africa's guidelines for a mandatory Code of Practice (COP) to mitigate and manage the Covid-19 pandemic in the mining industry have been gazetted. Failure by employers to prepare and implement a mine's COP in line with the guidelines would constitute a criminal offence and a breach of the... 

Mandatory code of Covid mining practice gazetted
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

Byron Energy raises cash

By: Esmarie Iannucci     19th May 2020 Oil and natural gas explorer Byron Energy has raised A$16-million through a share placement, with the company hoping to raise a further A$4-million through a share purchase plan (SPP). Byron will place around 123.1-million shares, at a price of 13c each, in two tranches. 

Ecuador to restart mining activity after pause due to pandemic

By: Reuters     19th May 2020 Ecuador will progressively restart mining activity this week after the government approved new security protocols for mineral transport and the return of workers to the mines amid the coronavirus pandemic, an official said over the weekend. Mining activity in the Andean nation fell by 60% since... 

Pitt urges more oil and gas development

By: Esmarie Iannucci     19th May 2020 Federal Resources, Water and Northern Australia Minister Keith Pitt has called for continued investment in the Australian oil and gas sector, despite the price volatility. Speaking in Queensland, Pitt this week said that despite the recent, short-term global oil and gas prices volatility,... 

Pitt urges more oil and gas development

Glencore Coal donating food to Mpumalanga communities

By: Martin Creamer     18th May 2020 Glencore group company Glencore Coal had, at the time of Mining Weekly going to press, distributed more than 1 250 food parcels worth over R658 000 to the communities of Mpumalanga, as part of its ongoing response to the Covid-19 pandemic. Last month, the London- and Johannesburg-listed Glencore... 

Glencore Coal donating food to Mpumalanga communities
Glencore Coal's food parcels for distribution to vulnerable communities.

Renewables embrace lifts Namibia’s energy optimism

By: Martin Creamer     18th May 2020 With the recently introduced reforms in Namibia’s renewable energy sector and the growing presence and entry of international oil companies into the hydrocarbons sector, Namibia Mines and Energy Minister Tom Alweendo on Friday expressed optimism about the country’s energy future. Namibia, which... 

Renewables embrace lifts Namibia’s energy optimism
Namibia Mines and Energy Minister Tom Alweendo

Australian LNG exports stay strong

By: Esmarie Iannucci     15th May 2020 Australian liquefied natural gas (LNG) exports in April continued apace, despite the global surplus of LNG and a slowdown in economic activity as a result of the Covid-19 pandemic, energy advisory EnergyQuest has found. In its latest report, EnergyQuest noted that in April, Australian LNG... 

Australian LNG exports stay strong

Australian Parliament passes hydrogen legislation

By: Esmarie Iannucci     15th May 2020 The Australian Parliament this week passed the Offshore Petroleum and Greenhouse Gas Storage (OPGGS) Amendment Bills amending the OPGGS Act 2006, which could pave the way for a new hydrogen industry in Australia. The Amendment Bills were now awaiting royal assent. “As Australia emerges from the... 

Australian Parliament passes hydrogen legislation

Sasol to mull adding pipeline, Qatar plant to disposal plan

By: Bloomberg     15th May 2020 Sasol is considering additional divestments, including the potential sale of stakes in an African gas pipeline and a Middle Eastern plant, as it explores ways to reduce its $10-billion debt pile, people with knowledge of the matter said. South Africa’s biggest company by revenue is working with... 

Power station switch from coal to hydrogen sets new global example 

By: Martin Creamer     14th May 2020 The transitioning of a US power station from coal to renewable hydrogen is leading the way in a world urgently in need of meaningful action to combat climate change. The ground-breaking transition by Intermountain Power Agency of Utah, is being facilitated by Mitsubishi Hitachi Power Systems,... 

Power station switch from coal to hydrogen sets new global example
Photo by MHPS
Renewable hydrogen stored underground.

More gas doled out at Atlas

By: Esmarie Iannucci     14th May 2020 ASX-listed Senex Energy has inked a domestic gas sales agreement with power generator CleanCo Queensland for 2.55 PJ of natural gas from its Atlas project, starting in January next year. The gas will be supplied at the Wallumbilla gas hub, in Queensland, at a fixed price in line with the... 

Queensland releases gas exploration acreage

By: Esmarie Iannucci     14th May 2020 The Queensland government has made more than 6 700 km2 of land available for gas exploration and a new explorer looking to supply Australian-only gas users. Mines Minister Dr Anthony Lynham on Thursday announced 12 prospective parcels of land were now open to tender across Queensland’s resource... 

Queensland releases gas exploration acreage

Hydrogen gaining increasing levels of interest – AP Ventures 

By: Martin Creamer     13th May 2020 Hydrogen and the applications that it can enable are gaining increasing levels of interest and traction, says AP Ventures LLP. “We’re very optimistic about the role that fuel cells and hydrogen will play in decarbonising key sectors of the economy,” says AP Ventures in a written response to... 

Hydrogen gaining increasing levels of interest – AP Ventures
Photo by Bloomberg
Platinum-using hydrogen fuel cell.

Global trade set to slump 27% in Q2, report warns

By: Terence Creamer     13th May 2020 Global trade is projected to record a quarter-on-quarter slump of 27% in the second quarter of 2020 as a result of the Covid-19 pandemic, after falling by three percent in the first quarter, a new report by the Committee for the Coordination of Statistical Activities (CCSA) warns. The report,... 

Global trade set to slump 27% in Q2, report warns

World’s top mining companies committed to climate change solutions – ICMM 

By: Martin Creamer     13th May 2020 Twenty seven of the world's leading mining and metals companies and 36 associations are committed to climate change solutions through their membership of the International Council on Mining and Metals (ICMM), Mining Weekly can today report. The ICMM is an international organisation dedicated to a... 

World’s top mining companies committed to climate change solutions – ICMM
International Council on Mining and Metals CEO Tom Butler

CEF denies nine ‘requests’ for support amount to a bailout 

By: Terence Creamer     12th May 2020 South Africa’s State-owned Central Energy Fund (CEF) has outlined an extensive list of support measures – including access to a portion of the fuel levy and carbon-tax proceeds – which it argued on Tuesday would help extricate the group from a “precarious financial position”, precipitated by... 

CEF denies nine ‘requests’ for support amount to a bailout
Photo by Creamer Media
The PetroSA refinery in Mossel Bay

CEF fills all vacant CEO positions for group companies

By: Donna Slater     11th May 2020 Having not had permanent CEOs since 2014, the Central Energy Fund (CEF) has now filled the position of group CEO, as well as all vacant CEO positions at its group companies, in particular at the Strategic Fuel Fund (SFF), the Petroleum Agency of South Africa (Pasa) and national oil company... 

BP mulls green hydrogen in Australia

By: Esmarie Iannucci     8th May 2020 Energy major BP Australia has been awarded A$1.71-million in funding from the Australian Renewable Energy Agency (ARENA) to assess the feasibility of building a renewable hydrogen and ammonia production facility in Geraldton, Western Australia. BP is undertaking a A$4.42-million feasibility... 

Appea report calls for investor certainty

By: Esmarie Iannucci     8th May 2020 A new report undertaken by advisory firm Wood Mackenzie (WoodMac) on behalf of the Australian Petroleum Production and Exploration Association (Appea) has found that Australia’s upstream oil and gas industry needs long-term regulatory stability to create attractive investment opportunities for... 

Appea report calls for investor certainty

DMRE to test market appetite for 2 500 MW of small nuclear reactors  

By: Terence Creamer     7th May 2020 The Department of Mineral Resources and Energy (DMRE) told lawmakers on May 7 that the development of a roadmap for a 2 500 MW nuclear new build programme would commence soon and that the market would be tested for “robust funding options”. A request for information would be issued to assess... 

DMRE to test market appetite for 2 500 MW of small nuclear reactors
Mineral Resources and Energy Minister Gwede Mantashe

In US shale bust, frack-sand miners are the new coal companies

By: Reuters     7th May 2020 Three years ago, companies selling frack sand to oil producers were booming, opening multi-million dollar mines, buying rivals and selling shares in what was the hottest niche in oilfield services. But the shale bust in early March has turned the frack sand mining business into the new coal. As... 

Greenvale weighs diversification at Alpha

By: Esmarie Iannucci     7th May 2020 ASX-listed Greenvale Energy on Thursday told shareholders that it will undertake an alternative exploration programme at its Alpha oil shale deposit, in Queensland, with the aim of diversifying production from the asset. Greenvale said a preliminary review of opencut mining and processing... 

Govt calls for comments on petroleum acreage

By: Esmarie Iannucci     5th May 2020 The Federal government has opened public consultation on potential areas for the 2020 offshore petroleum exploration acreage release. Minister for Resources, Water and Northern Australia Keith Pitt said 49 areas have been nominated by the oil and gas industry offshore from Western Australia,... 

Australian government establishes A$300m hydrogen fund

By: Esmarie Iannucci     4th May 2020 The Australian government has announced the establishment of a A$300-million Advancing Hydrogen Fund that will finance projects focused on growing a clean, innovative and competitive hydrogen industry in Australia. The fund will back projects that align with priorities under the National... 

Australian government establishes A$300m hydrogen fund

Woodside predicts two year low oil price

By: Esmarie Iannucci     1st May 2020 Oil and gas major Woodside has warned shareholders that the low oil price environment could persist for the next two years. Speaking during the company’s annual general meeting, CEO Peter Coleman noted that the oil and gas industry had been confronted not only by the challenges presented by the... 

Woodside predicts two year low oil price

Oil Search raises A$80m in entitlement offer

By: Esmarie Iannucci     1st May 2020 Oil and gas major Oil Search has completed the retail component of it’s A$400-million entitlement offer, raising an initial A$80-million. Oil Search last month announced plans for a A$1.1-billion raising, consisting of underwritten institutional placement to raise an initial A$760-million, and... 

Hedge fund pushes Teck to abandon oil, replace CEO Lindsay

By: Bloomberg     30th April 2020 Teck Resources has been targeted by a hedge fund shareholder that’s pushing the underperforming Canadian miner to divest its energy and coal businesses and consider replacing long-standing CEO Don Lindsay. Tribeca Investment Partners said making those changes and pivoting to a pure base metals... 

Hedge fund pushes Teck to abandon oil, replace CEO Lindsay
Teck CEO Don Lindsay

Glencore well positioned to navigate Covid challenges – Glasenberg 

By: Martin Creamer     30th April 2020 Diversified mining and marketing company Glencore is well positioned to navigate the current challenges presented by the Covid-19 pandemic, Glencore CEO Ivan Glasenberg said on Thursday, when the London- and Johannesburg-listed company reported first-quarter production and provided a general... 

Glencore well positioned to navigate Covid challenges – Glasenberg
Photo by Blooomberg
Ivan Glasenberg

Morale high as Covid-masked South African miners get back to work 

By: Martin Creamer     28th April 2020 Morale is reportedly high as Covid-masked and physically distanced South African mineworkers get back to mining underground for companies that have gone the extra mile to ensure that they have been fully remunerated and host communities generously funded during the national lockdown. In a... 

Morale high as Covid-masked South African miners get back to work
Mineworkers with personal protective equipment.

Australia's CSIRO finds fracking is safe for the environment

By: Esmarie Iannucci     28th April 2020 A three year scientific study by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) into the air, water and soil impacts of hydraulic fracturing has found little to no impacts on air quality, soils, groundwater and waterways. The study also found current water treatment... 

Australia's CSIRO finds fracking is safe for the environment

Opencast mines may return to 100% of capacity from May 1 – Patel

By: Martin Creamer     27th April 2020 Opencast mines are permitted to return in phases to 100% operation from May 1 but underground mines must continue at 50% of production capacity, Trade and Industry Minister Ebrahim Patel said on Saturday. Speaking during a media briefing covered by Mining Weekly on South Africa’s easing from the... 

Opencast mines may return to 100% of capacity from May 1 – Patel
Openast mines like this one may return to 100% production capacity.

Learning curve still too steep to define ‘best practice’ mining response

By: Martin Creamer     27th April 2020 The rapidly evolving Covid-19 crisis learning curve is still too steep to conclusively define what a ‘best practice’ response looks like from the mining industry, says the International Council on Mining and Metals (ICMM), which is facilitating a rapid exchange of information and knowledge to... 

Learning curve still too steep to define ‘best practice’ mining response
ICMM CEO Tom Butler
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