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Invictus raises cash for Zim drilling

By: Esmarie Iannucci     23rd May 2022 Upstream oil and gas company Invictus Energy will raise A$12-million through a share placement to sophisticated and institutional investors. Under the placement, the ASX-listed company will issue more than 60-million shares, at a price of 20c each under its existing placement capacity. The... 

Appea welcomes Albanese at the helm

By: Esmarie Iannucci     23rd May 2022 The oil and gas industry has congratulated Labor’s federal election win over the weekend, with Anthony Albanese emerging as Australia’s new Prime Minister. The Australian Petroleum Production & Exploration Association’s (Appea’s) acting CEO, Damian Dwyer said that the industry was looking... 

Finnish Industry ready for end of Russian natural gas imports

By: Bloomberg     20th May 2022 As Finland braces for an expected halt in natural gas flows from its top supplier Russia, some of the largest industrial users are getting ready. There’s a “real risk” the taps will be turned off as soon as Friday, according to estimates by importer Gasum Oy, which has refused to pay in rubles.... 

Woodside's 'crown jewel' Scarborough gas lures buyers to fill Russia gap

By: Reuters     20th May 2022 Woodside Petroleum has received strong interest from companies for a stake in the Scarborough natural gas project it is developing off Western Australia in the wake of the Ukraine conflict, CEO Meg O'Neill said on Friday. Woodside is set to become 100% owner of the $5.7 billion Scarborough... 

FFI backs the EU's renewable plan

By: Esmarie Iannucci     20th May 2022 Green energy developer Fortescue Future Industries (FFI) has welcomed the European Commission REPowerEU plan to rapidly reduce dependence on Russian fossil fuels and tackle the climate crisis. The European Commission earlier this week presented the REPowerEU plan in response to the global... 

BHP unveils distribution plans and Woodside changes names

By: Esmarie Iannucci     20th May 2022 Diversified miner BHP on Friday announced it would pay shareholders an in specie dividend in the form of Woodside Petroleum shares in connection with the merger of BHP’s oil and gas portfolio with Woodside. The shareholders of Woodside on Thursday approved the merger, which would create the... 

Changes coming to BHP board

By: Esmarie Iannucci     20th May 2022 Major BHP has announced the retirement of Malcolm Broomhead and John Mogford as non-executive directors at the conclusion of the 2022 annual general meeting (AGM). Broomhead has been a director of BHP since March 2010 and in 2021 the board requested Broomhead seek re-election at the 2021 AGM for... 

JSE enters new era as it builds seamless digital marketplace 

By: Natasha Odendaal     20th May 2022 The JSE is entering a new era as it leverages its wholly owned venture JSE Private Placements (JPP) to build a future-fit capital market delivering a seamless digital marketplace that matches private debt and equity issuers with investors. The JSE, which has been working on the development of the... 

Growing demand for fire solutions in food industry

By: Halima Frost     20th May 2022 Fire risk management company ASP Fire has noted a steady increase in its percentage of food industry-related revenue, owing to the insurance industry placing stricter fire safety requirements on clients. The increase in revenue has also been driven because of word-of-mouth referrals and ASP... 

Valves technology meets necessary standards

By: Sabrina Jardim     20th May 2022 Industrial valves specialist Brimis Engineering uses a safety valve testing machine from machining manufacturer Ventil to test and certify critical application safety valves, in line with the pressure equipment regulations as stipulated in the Occupational Health and Safety Act. The machine has a... 

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