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Oil and Gas News

Mantashe outlines case for gas

29th November 2019 Mineral Resources and Energy Minister Gwede Mantashe urged investors to invest in, and help develop, South Africa’s gas industry. Addressing delegates on the opening day of Africa Oil Week in Cape Town earlier this month, Mantashe referred to South Africa’s recently approved Integrated Resource... 

IRP’s approach to LNG surprising

29th November 2019 The South African Oil and Gas Alliance (SAOGA) cautiously welcomed the certainty and direction provided by the recently released Integrated Resource Plan (IRP), but noted the lower than expected role of gas in South Africa’s envisaged energy mix, SAOGA executive director Niall Kramer stated.... 

Partnership promotes pipeline tech

29th November 2019 Pressurised pipeline isolation, hot tapping and plugging services provider STATS Group has signed an exclusive partnership with oil and gas diversified product supplier Safari Oil & Gas in the Kingdom of Saudi Arabia.   

India’s domestic gas trading hub likely to be operationalised in March

By: Ajoy K Das     28th November 2019 India’s protracted efforts to set up a domestic natural gas hub are expected to come to fruition in March 2020, when a national gas trading exchange is expected to become operational. The Indian Energy Exchange – the nationwide automated platform for physical delivery of electricity – will set up... 

Oil and gas producers invest in training

By: Esmarie Iannucci     27th November 2019 The Australian Petroleum Production and Exploration Association (Appea) has announced a A$400 000 investment by Australia’s oil and gas industry to support the Western Australian government’s liquefied natural gas (LNG) jobs taskforce. The funds would go towards an industry-led initiative to... 

Six juniors to scope South Africa’s onshore hydrocarbon potential  

By: Marleny Arnoldi     26th November 2019 The Petroleum Agency of South Africa (Pasa) has awarded hydrocarbon exploration licences totalling 30 132 km2 to six junior mining companies in a bid to help resolve the country’s energy crisis. There has been very little hydrocarbon exploration activity onshore in South Africa when compared... 

Australia establishes hydrogen fund

By: Esmarie Iannucci     25th November 2019 The Australian government has launched a funding package focused on growing an innovative, safe and competitive hydrogen industry in Australia. In addition to the A$13.4-million already provided to implement and coordinate the National Hydrogen Strategy, the government will reserve A$370-million... 

Australia establishes hydrogen fund

R400m deal furthers dream of supporting fleet of local vessels

By: Tracy Hancock     22nd November 2019 Mnambithi Group subsidiary Nduna Maritime and petrochemicals company Sasol have entered into a R400-million enterprise and supplier development funding agreement for South Africa’s first locally owned maritime vessel. The landmark event boosts South Africa’s maritime capabilities edging it closer... 

R400m deal furthers dream of supporting fleet of local vessels
ALL HANDS ON DECK South Africa’s rapidly expanding offshore oil and gas activities require a supporting fleet of vessels

Oil and gas production grows amid evolving SADC energy demands

By: Tracy Hancock     22nd November 2019 Petrochemicals company Sasol’s Upstream business unit, comprising Mining and Exploration & Production International (E&PI), contributed 2% to the group’s earnings before interest, taxes, depreciation and amortisation for the year ended June 30, 2019, according to Sasol’s integrated report for the... 

Oil and gas production grows amid evolving SADC energy demands
MOVEMENTS IN MOZAMBIQUE The drilling of an exploration well is expected soon in Mozambique, where Sasol has signed exploration and production concession contracts on two new blocks

Gas vital to energy mix, but policy certainty needed

By: Tracy Hancock     22nd November 2019 Gas is a desirable and integral part of South Africa’s future energy mix, but the country’s significant reliance on coal is not going to dissipate with the “flick of a switch”, says industry body South African Oil and Gas Alliance (Saoga) executive director Niall Kramer. There is pressure from... 

Gas vital to energy mix, but policy certainty needed
ACKNOWLEDGE INEXPERIENCE South Africa needs to realise that it has never had an upstream industry of scale and should heed the example of Norway, which was in a similar position to South Africa in the 1960s

Indian energy import dependency rises despite industrial output declines

By: Ajoy K Das     21st November 2019 The Indian energy market is showing dichotomous trends with falling industrial output in line with lower demand for oil and natural gas, but import dependency on imported fossil fuels rising at the same time. Government data shows that Indian oil and natural gas demand declined 1.4% in April to... 

Opec’s flaring political crises add new risk for oil supplies

By: , Bloomberg     21st November 2019 The Organisation of Petroleum Exporting Companies (Opec) may have no appetite to cut oil production deeper when it meets next month, but flaring political crises across the group are once again threatening supply. Unrest erupted in Iraq and Iran this month – two of the Middle East’s biggest... 

Solar reducing electricity costs, lowering diesel use   

By: Martin Creamer     20th November 2019 Solar power is playing a major role in reducing daytime electricity bills and lowering diesel use in off-grid diesel consuming areas, says SunRanch.Solar, whose clients are benefiting from below grid power costs and major diesel savings. “We reduce people’s daytime power costs by 60% to 70%,”... 

Solar reducing electricity costs, lowering diesel use
SunRanch.Solar talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd

Narrabri needed - WoodMac

By: Esmarie Iannucci     20th November 2019 New research by advisory Wood Mackenzie (WoodMac) has highlighted the need for additional liquefied natural gas (LNG) resources in Australia, stating that the proposed Narrabri project, in New South Wales, could assist with a looming shortage. While Narrabri has stalled since its discovery in... 

CN Rail strike begins in threat to Canadian oil, potash cargo

By: , Bloomberg     20th November 2019 About 3 200 workers at Canadian National Railway Co went on strike at midnight Tuesday, threatening to crimp shipments of oil, potash and grain across the country. Conductors and yard operators at Canada’s largest railway walked off the job after failing to reach an agreement with the company... 

Woodside sets its sights on higher output, reserves

By: Esmarie Iannucci     19th November 2019 Oil and gas major Woodside is hoping to increase production by more than 6% between 2019 and 2028, while also working to triple its reserves. For 2019, Woodside has narrowed its production guidance to between 89-million and 91-million barrels of oil equivalent. 

Woodside and BHP agree on toll deal

By: Esmarie Iannucci     18th November 2019 Oil and gas major Woodside on Monday said that it had agreed a tolling price with mining major BHP for processing gas from the Scarborough offshore field at the Pluto liquefied natural gas facility, in Western Australia. The toll is based on BHP maintaining no more than a 25% interest in... 

Fuel for rockets, Zeppelins points toward green heat solution 

By: , Bloomberg     18th November 2019 It’s the most nettlesome problem in the quest to ditch fossil fuels: how can you get thousand-degree heat used in factory furnaces without pumping billions of tons of greenhouse gases into the atmosphere? Heat-intensive processes like steelmaking and oil refineries are the starting point for... 

Fuel for rockets, Zeppelins points toward green heat solution
The Enel Fusina hydrogen plant near Venice, Italy.

Russia is making more money from Opec+ deal than Saudi Arabia

By: , Bloomberg     15th November 2019 Russia has earned more money this year from the Opec+ deal than Saudi Arabia, underscoring how the kingdom has carried a greater share of the burden of production cuts. Saudi Arabia on average has cut production almost ten times deeper than Russia since the countries joined forces at the end of... 

Karoon completes retail placement

By: Esmarie Iannucci     15th November 2019 ASX-listed Karoon Energy has completed the retail component of it’s A$284-million capital raise. The retail entitlement offer closed on November 12, raising A$109-million, priced at 93c a share. 

Australia poised to benefit from global energy constraints

By: Esmarie Iannucci     14th November 2019 Australian Resources Minster Matt Canavan on Thursday said that the latest World Energy Outlook had reinforced opportunities for Australia to strengthen its role as a growing, reliable and competitive supplier of high quality coal and gas to Asia, including the fast-growing Indian economy. The... 

India proposes free natural gas pricing regime

By: Ajoy K Das     13th November 2019 The Indian government has started work on implementing a free pricing regime for domestically produced natural gas, which could be freely traded at exchanges. The move is in line with recommendations of government policy advisory body, the National Institute for Transformation of India... 

Investment case for LNG imports into South Africa to be completed by year-end  

By: Terence Creamer     11th November 2019 State-owned logistics group Transnet says the investment case for the import of liquefied natural gas (LNG) into South Africa will be completed by year-end and that the solution will be aligned with the anticipated drop-off in gas imports from Mozambique from 2023 onwards. The study is being... 

Investment case for LNG imports into South Africa to be completed by year-end
State-owned logistics group Transnet says the investment case for the import of liquefied natural gas into South Africa will be completed by year-end, Transnet chief business development officer Gert de Beer says. Camera Work: Kutlwano Matlala. Editing: Nicholas Boyd. 11.11.2019

BHP sees bright future for petroleum

By: Esmarie Iannucci     11th November 2019 Diversified miner BHP on Monday told investors in Sydney that its petroleum portfolio would deliver ‘strong returns and contribute significant value’ to the company, over the next several decades. BHP’s president for operations petroleum, Geraldine Slattery said that sanctioned and well-advanced... 

BHP sees bright future for petroleum

Scarborough resource volumes up by more than 50%

By: Esmarie Iannucci     8th November 2019 Oil and gas major Woodside has reported a 52% increase in the resource volume at the Scarborough field, from 7.3-trillion cubic feet to 11.1-trillion cubic feet. Woodside holds a 75% interest in the Greater Scarborough project, which covers the Scarborough, Thebe and Jupiter fields. 

Scarborough resource volumes up by more than 50%

Hydrogen pilot plant production starts in Vic

By: Esmarie Iannucci     7th November 2019 Construction has started on a hydrogen energy supply chain (HESC) pilot project, in Victoria. Brown coal from the Latrobe Valley will be turned into hydrogen gas as part of the world-first HESC pilot. The hydrogen gas will then be transported to Port of Hastings where it will be liquified and... 

Melbana extends Metgasco offer

By: Esmarie Iannucci     7th November 2019 ASX-listed Melbana Energy has extended the takeover period on its offer for fellow listed Metgasco from November 15 until December 13. Melbana earlier this year launched an all-script conditional takeover offer for Metgasco, under which it offered four of its own shares for every one Metgasco... 

US encourages African countries to import its LNG

By: Kim Cloete     6th November 2019 The US is encouraging African countries to consider importing its abundant supplies of liquefied natural gas (LNG), as it expects its production to more than double within the next few years. US Department of Energy assistant secretary Steven Winberg this week said African countries should... 

Call for greater urgency as South Africa approaches gas ‘supply cliff’ 

By: Terence Creamer     4th November 2019 South Africa is being urged to accelerate its response to a looming natural gas “supply cliff”, which could arise in the coming four to five years unless alternative sources of supply are found to offset “tapering” imports from southern Mozambique. South Africa remains highly dependent on Sasol’s... 

Call for greater urgency as South Africa approaches gas ‘supply cliff’
South Africa remains highly dependent on Sasol’s Pande and Temane production areas

Indian Cabinet to take up splitting of GAIL India next month

By: Ajoy K Das     30th October 2019 India’s Union Cabinet of Ministers is likely to consider splitting up operations of natural gas marketing and infrastructure major, GAIL India, but the sale of its pipeline business to a strategic investor has been put on the backburner for at least two years. The Petroleum and Natural Gas... 

Anglo implementing ‘green’ worker transport in Chile 

By: Martin Creamer     29th October 2019 In the context of efforts to have more sustainable and efficient operations and to reduce emissions of greenhouse gasses, Anglo American is implementing electromobility for the transport of its workers to and from work in Chile. Once fully implemented, the potential of this project is to prevent... 

Anglo implementing ‘green’ worker transport in Chile
Hydrogen fuel cell car being refuelled.

Sasol mulling several gas supply options as it seeks to reduce carbon footprint   

By: Terence Creamer     28th October 2019 Chemicals and energy group Sasol is investigating several gas-supply alternatives for its coal-heavy South African operations as it seeks ways to reduce its carbon footprint. The JSE-listed group is simultaneously working on a ‘sustainability roadmap’, which will have a strong focus on lowering... 

Sasol mulling several gas supply options as it seeks to reduce carbon footprint
Chemicals and energy group Sasol is investigating several gas-supply alternatives for its coal-heavy South African operations as it seeks ways to reduce its carbon footprint. The JSE-listed group is simultaneously working on a ‘sustainability roadmap’, which will have a strong focus on lowering its greenhouse gas (GHG) emissions. Video and editing: Darlene Creamer 28.10.2019

Beach makes discovery in Perth basin

By: Esmarie Iannucci     28th October 2019 The share price of ASX-listed Beach Energy jumped Monday on the announcement of a new conventional gas discovery in the Perth Basin. The new discovery was made at the Beharra Springs Deep-1, in which Beach holds a 50% interest. 

Karoon raises initial A$175m

By: Esmarie Iannucci     25th October 2019 ASX-listed Karoon Gas has partially completed it’s a$284-million capital raise, with both the institutional placement and the non-renounceable entitlement offer closing significantly oversubscribed. The institutional component of the placement raised A$67-million while the 1-for1.06 pro rata... 

SA mining urged to reform, embrace technology to overcome current challenges

By: Simone Liedtke     25th October 2019 As a primary sector in South Africa’s struggling economy, government and industry must collaborate on policy and overcome a myriad of challenges to stimulate the South African mining sector and drive long-term investment. At the Joburg Indaba 2019, held earlier this month at Inanda Club, in... 

SA mining urged to reform, embrace technology to overcome current challenges

Mid-2020 debut for world’s largest hydrogen mine haul truck – Anglo 

By: Martin Creamer     24th October 2019 The first motion of the world’s largest hydrogen-powered mine haul truck is scheduled for mid-2020, with testing continuing at Anglo American Platinum’s Mogalakwena mine until the end of the year. This climate-positive development by London- and Johannesburg-listed Anglo American will be open to... 

Mid-2020 debut for world’s largest hydrogen mine haul truck – Anglo
Photo by Anglo American
Graphic of solar panels providing electricity for hydrogen-powered haul trucks.

Nigeria bid to boost mining gets help from West Africa gold rush

By: , Bloomberg     24th October 2019 Nigeria’s efforts to persuade investors that it could become a mining destination for metals is receiving a boost from a small Canadian company joining a rush for gold in West Africa. The western tip of the continent is seen as a new frontier as gold miners face a dearth of new discoveries globally. 

Karoon sets A$284m raising target

By: Esmarie Iannucci     23rd October 2019 ASX-listed Karoon Energy will raise A$284-million through a fully underwritten equity raising to complete the funding to acquire the the Baúna oil field, in the Santos basin, offshore Brazil, and to support future growth initiatives. The equity raise will comprise a A$67-million institutional... 

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