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Oil and Gas News

Proudly South African anti-cable theft technology already deployed on 12 sites

By: Martin Creamer     30th September 2019 It has been said that entering the Elvey Security Technologies headquarters in the Greenstone Hill Office Park, in Modderfontein, Edenvale, is like boarding USS Enterprise on a Star Trek movie set. All the futuristic trappings are evident in this Hudaco company’s Pentagon demonstration room,... 

BP/Santos JV handed new acreage

By: Esmarie Iannucci     27th September 2019 A joint venture (JV) between Australian oil and gas major Santos, and global player BP has been awarded new acreage on trend with the Dorado discovery, offshore Western Australia. Santos will operate the new permit in the Northern Carnarvon Basin, which lies to the west of the recent Dorado, Roc... 

BP/Santos JV handed new acreage

Oil set for worst week since July as Saudis restore production

By: , Bloomberg     27th September 2019 Oil is heading for the biggest weekly loss since July on indications Saudi Arabia is restoring lost crude production quicker-than-expected after attacks on its key energy infrastructure. Futures slid as much as 0.6% in New York on Friday. The kingdom is about a week ahead of its repair schedule... 

First glimpse into Mining Indaba 2020 programme 

By: Martin Creamer     26th September 2019 The twenty-sixth Investing in African Mining Indaba – scheduled to take place in Cape Town from February 3 to 6 next year – will offer delegates new insight into issues facing Africa’s resources sector. “We’re building on the success of the 2019 Mining Indaba in terms of the high level of... 

First glimpse into Mining Indaba 2020 programme
Investing in African Mining Indaba.

LNG drives NT exports to record high

By: Esmarie Iannucci     26th September 2019 Liquefied natural gas (LNG) production has helped to set international trade records in the Northern Territory in 2019, with A$8.1-billion of trade undertaken. The state government noted that the A$8.1-billion achieved in the 2019 financial year was a 111.5% increase on the year prior and driven... 

APLNG supplies more gas to the east coast

By: Esmarie Iannucci     26th September 2019 ASX-listed Origin Energy has struck a supply agreement with the Australia Pacific Liquefied Natural Gas (APLNG) project to purchase 61 PJ of gas over a two year period, to support the east coast gas market. Under the terms of the agreements, gas supply to Origin will start in January 2020 and... 

Barossa moves closer to FID

By: Esmarie Iannucci     26th September 2019 Oil and gas major Santos on Thursday reported that the Barossa joint venture is one step closer to a positive final investment decision, following the award of a gas export pipeline contract. The gas export pipeline will tie the Barossa gasfield, some 300 km north of Darwin, into the existing... 

Green hydrogen proposed for buses in South Africa 

By: Martin Creamer     25th September 2019 Twenty of 125 buses operated by the Gautrain Management Agency (GMA) and currently fuelled by diesel may be switched to green hydrogen. Critical to the mandate of the GMA, established in 2006 under the GMA Act, is to ensure that the rapid-rail Gautrain passenger transport system operates in a... 

Green hydrogen proposed for buses in South Africa
The many valid reasons why the world is turning to hydrogen.

BHP approached Anglo American chief Mark Cutifani for CEO role

By: , Bloomberg     25th September 2019 BHP Group has talked to Anglo American CEO Mark Cutifani about running for the top job at the company, according to people familiar with the matter. BHP made the approaches earlier this year and again more recently, said the people, who asked not to be identified as the process is confidential.... 

BHP approached Anglo American chief Mark Cutifani for CEO role
Photo by Bloomberg
Anglo American CEO Mark Cutifani

EPA picks start date for Chevron's CO2 injection plant

By: Esmarie Iannucci     25th September 2019 The Western Australian Environmental Protection Authority (EPA) has recommended a compliance start date for US energy major Chevron’s carbon dioxide (CO2) injection system, at its Gorgon gas development, on Barrow Island. Chevron in August this year announced the safe start-up of the CO2... 

Eight energy firms dropped from Canada's main equity index

By: Reuters     24th September 2019 Eight Canadian energy companies were booted out of the S&P/TSX Composite Index on Monday because their market capitalisation has dropped below minimum requirements, the latest sign of difficulties facing the country's oil and gas sector. Analysts said the rebalancing of Canada's flagship index... 

Nopsema in the right at Great Australian Bight

By: Esmarie Iannucci     20th September 2019 An independent audit by Australia’s Chief Scientist Dr Alan Finkel has found the National Offshore Petroleum Safety and Environmental Management Authority (Nopsema) was applying stringent environmental regulation in considering applications for oil exploration in the Great Australian Bight. The... 

Nopsema in the right at Great Australian Bight

Hydrogen filling stations set for South Africa

20th September 2019 Norwegian energy equipment and solutions company Nel Hydrogen has been pioneering the development of filling stations for vehicles equipped with hydrogen fuel cells (HFCs). Nel Hydrogen is represented by technology and solutions provider RTS Africa Engineering, a division of the RTS Africa Group,... 

Hydrogen filling stations set for South Africa
PUMP UP THE ... RTS Africa is introducing a hydrogen pump to the South African fuel cell market

Cabinet considers, but fails to approve, IRP update  

By: Terence Creamer     19th September 2019 While Cabinet considered the much-anticipated update to South Africa’s Integrated Resource Plan for electricity at its meeting on Wednesday, Minister in The Presidency Jackson Mthembu said discussions had not yet been concluded. Mthembu attributed the extension of Cabinet-level deliberations on... 

Cabinet considers, but fails to approve, IRP update
Minister in the Presidency Jackson Mthembu

GLNG handed Roma East

By: Esmarie Iannucci     19th September 2019 The A$750-million Roma East natural gas project has been declared fully operational, and has been handed over to the Gladstone liquefied natural gas (GLNG) project operators. First gas from the Roma East field flowed in February this year. 

‘Time of essence’ for finalisation of South Africa's gas-to-power plan

By: Terence Creamer     18th September 2019 The acting head of the Independent Power Producer Office (IPPO), Advocate Sandra Coetzee, says “time is of the essence” for finalising South Africa’s gas-to-power (GTP) plans in light of the prospect of possible electricity supply shortages arising from the underperformance of Eskom’s coal fleet.... 

‘Time of essence’ for finalisation of South Africa's gas-to-power plan
Advocate Sandra Coetzee

South Africa approaching gas supply cliff edge, industrial users warn 

By: Terence Creamer     18th September 2019 The Industrial Gas Users Association of Southern Africa (IGUA-SA) warned on Wednesday that South Africa is in the midst of a gas supply crunch, which will worsen dramatically from 2025 onwards in line with depleting production from Sasol’s Pande and Temane gasfields, in southern Mozambique. The... 

South Africa approaching gas supply cliff edge, industrial users warn

Exxon puts Australia ops back on block amid global sell off

By: , Bloomberg     18th September 2019 Exxon Mobil is again trying to sell its oil and gas operations in southeast Australia as part of a move to shed assets and boost shareholder returns. The US supermajor “will be testing market interest” for global assets, including what it operates in Australia, the company said in an emailed... 

India keen to up Australian LNG imports, but seeks to renegotiate contracts

By: Ajoy K Das     18th September 2019 ndia is keen to ship in higher volumes of liquefied natural gas (LNG) from Australia, but at the same time, the country has indicated that higher imports will be dependent on renegotiating existing long-term contracts to better reflect the fall in spot LNG prices. At a recent... 

Woodside urges lower emissions

By: Esmarie Iannucci     18th September 2019 The CEO and MD of Australian oil and gas major Woodside, Peter Coleman, has urged the natural as sector to demonstrate that it was part of a lower-carbon future, and a viable alternative to coal. “We may feel superior that our product, as the cleanest burning fossil fuel, can displace coal,... 

Renergen redeems A$500 000 of convertible notes

By: Creamer Media Reporter      17th September 2019 Emerging natural gas and helium producer Renergen, which is listed on the JSE and the ASX, has redeemed A$500 000 of convertible notes issued in December 2018. The notes had an interest rate of 15% a year and were convertible into shares at an equivalent price of A$0.074 a share. 

Strata-X looking for Serowe funding

By: Esmarie Iannucci     16th September 2019 Dual-listed Strata-X Energy has inked a non-disclosure agreement (NDA) with the Botswana Development Corporation (BDC) to develop a multi-staged $10-million financing strategy for the Serowe coal-bed methane project, in Botswana. The NDA will allow the BDC to review the Serowe project and... 

Oil jumps the most ever after attack cuts Saudi Arabian supplies

By: , Bloomberg     16th September 2019 Global oil prices surged the most on record after a strike on a Saudi Arabian oil facility removed about 5% of global supplies, an attack the US has blamed on Iran. In an extraordinary start to trading, London’s Brent futures jumped almost $12 a barrel in the seconds after the open on Monday,... 

Oil jumps the most ever after attack cuts Saudi Arabian supplies

Looks like hydrogen economy could happen – CPM  

By: Martin Creamer     13th September 2019 Hydrogen energy has been like science fiction since the post-World War II period. Many have dreamed about being able to replace oil and natural gas with hydrogen, but limiting factors have been been the cost of production and safety issues. Now, widespread sun and wind power use as well as liquid... 

Looks like hydrogen economy could happen – CPM
New York-based CPM MD Jeffrey Christian spells out hydrogen’s prospects to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd.

Senex completes Roma North infrastructure sale

By: Esmarie Iannucci     13th September 2019 Oil and gas producer Senex Energy has completed the A$50-million sale of its Roma North processing facility and pipeline to energy infrastructure operator Jemena. The two companies in June this year struck an agreement under which Jemena will take ownership of the facility and pipeline on the... 

Indian govt likely to approve national gas trading hub within next two months

By: Ajoy K Das     12th September 2019 The Indian government is expected to approve a national gas trading hub within the next two months. Sources say that sector regulator, the Petroleum and Natural Gas Regulatory Board, has finalised draft rules for operation of the gas trading hub and that they will be forwarded to the union... 

Renergen appoints drilling contractor for Virginia gas project

By: Tasneem Bulbulia     11th September 2019 Emerging liquefied natural gas (LNG) and helium producer Renergen has appointed Bohrmeister Technik as drilling contractor to undertake the drilling of a horizontal well in the prospective sandstone contained within its Virginia gas project’s production area, in the Free State. Bohrmeister is a... 

Master Drilling remains focused on regional growth strategy  

By: Marleny Arnoldi     10th September 2019 JSE-listed drilling solutions company Master Drilling’s acquisition of Atlantis Group helped to boost its revenue and regional operations in the six months ended June 30. CEO Danie Pretorius on Tuesday said the company has remained committed to diversifying its presence across geographies,... 

Master Drilling remains focused on regional growth strategy
Master Drilling CEO discusses the market conditions in the six months ended June 30 and the company's commodity focuses. Video done by Kutlwano Matlala; editing done by Nicholas Boyd.

Bell to launch South African-made small truck in Las Vegas in 2020 

By: Irma Venter     9th September 2019 Capital equipment manufacturer Bell Equipment (Bell) will in March launch a new addition to its product portfolio in Las Vegas, in the US. Bell CEO Leon Goosen said on Monday that the “small truck of less than 30 t gross vehicle mass" would be manufactured at Bell’s Richards Bay plant, in... 

Bell to launch South African-made small truck in Las Vegas in 2020
Leon Goosen

Kibo receives preliminary approval to proceed with UK power plant project

By: Simone Liedtke     9th September 2019 Africa-focused Kibo Energy has received a preliminary notice to proceed with the construction and commissioning of its 5 MW gas-fueled power generation plant at Bordersley Power, in the UK. The notice was issued by the company’s 60%-owned subsidiary, Mast Energy Developments (MED), which is the... 

Cooper Energy finds new gasfield

By: Esmarie Iannucci     9th September 2019 The share price of ASX-listed Cooper Energy remained elevated on Monday following news of the discovery of a new gas field in the Otway Basin, offshore Victoria. Cooper Energy at the end of last week reporting that drilling had identified a new gas field within the Warre C formation reservoir,... 

Cooper Energy finds new gasfield

PNG LNG project back on track

By: Esmarie Iannucci     4th September 2019 The Papua New Guinea liquefied natural gas (PNG LNG) project owners have been cleared to continue with the project after the PNG government endorsed the gas agreement signed with the previous government. The PNG government at the end of August created some uncertainty after Minister for... 

Aus/Timor-Leste boundaries positive for oil and gas majors

By: Esmarie Iannucci     2nd September 2019 Oil and gas major Santos ahs welcomed the announcement of permanent maritime boundaries between Australia and Timor-Leste. Advisory firm Wood Mackenzie noted that the Maritime Boundary Treaty removed several hurdles for the Sunrise and Buffalo gas projects, defining the border and formalising... 

M&R order book nears R60bn with another R10bn added since July 

By: Terence Creamer     29th August 2019 Engineering and construction group Murray & Roberts (M&R) has added a further R10-billion to its order book, which stood at R46.8-billion at the end of July, and CEO Henry Laas believes the backlog could rise even further in the months ahead. At the end of July 2018, the group’s order book stood... 

M&R order book nears R60bn with another R10bn added since July
Photo by Creamer Media
M&R CEO Henry Laas

‘Green’ energy's advance fast becoming irreversible – Isondo 

By: Martin Creamer     29th August 2019 The energy systems of the world are going ‘green’ in a process that is fast becoming irreversible, says Isondo Precious Metals CEO Vinay Somera, who adds that hydrogen is emerging as the main storage medium for energy generated from the sun, wind and other renewable sources. The storing of wind... 

‘Green’ energy's advance fast becoming irreversible – Isondo
Photo by Creamer Media
Isondo Precious Metals CEO Vinay Somera

India’s oil marketer-refiner plans new LNG terminal linked to Mozambique project

By: Ajoy K Das     29th August 2019 India’s oil refiner-marketer, Bharat Petroleum Corporation Limited (BPCL), is planning to construct a liquefied natural gas (LNG) terminal alongside the Krishnapatnam port on the south-eastern coastline of Andhra Pradesh state. The company has announced that the floating storage regasification... 

Tullow Oil says Uganda stake sale to Total, CNOOC called off

By: Reuters     29th August 2019 Tullow Oil's sale of a stake in its planned 230 000 bl/d project in Uganda to France's Total and China's CNOOC has been called off due to a tax dispute with the Ugandan authorities, Tullow said on Thursday. The London-listed firm had previously sold about two thirds of the project to CNOOC and... 

India offers little-explored oil, gas blocks for auction

By: Ajoy K Das     29th August 2019 The Indian government has put seven new oil and natural gas blocks up for bidding and subsequent grant of exploration licence under its new policy. According to a statement issued by the Directorate General for Hydrocarbons (DGH), five blocks are in the little-explored Vindhyan sedimentary basin,... 

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