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Origin cuts APLNG costs for 2021

By: Esmarie Iannucci 6th April 2020 Energy major Origin Energy has announced plans to cut between A$300-million to A$400-million in upstream capital expenditure at the Australia Pacific liquefied natural gas (APLNG) project for 2021. The reduction will be driven by reduced development activity as well as lower exploration and... →

Resources a key part to recovery - Minister

By: Esmarie Iannucci 1st April 2020 Federal Resources Minister Keith Pitt said that the federal and state and territory governments were working to ensure that critical resources projects kept operating during the Covid-19 pandemic. “The Australian resources sector is a key part of the Australian economy. The commodities... →

Vedanta CEO Venkatakrishnan resigns

By: Reuters 27th March 2020 Diversified miner Vedanta said on Friday CEO S Venkatakrishnan has resigned due to personal reasons, less than two years after he took the helm. Sunil Duggal, current head of Vedanta unit Hindustan Zinc, will take over as interim CEO. Venkatakrishnan, who was previously CEO of South African... →

Covid-19 to further weaken US coal demand in an already diminishing market

By: Marleny Arnoldi 27th March 2020 US domestic demand for thermal coal will fall during the second quarter of the year as individual states shut down much of the industrial economy to try and stem the spread of Covid-19. This is according to Moody’s Investors Service, which states that, in broader terms, the global economy will... →

Lawyers question whether Nersa’s concurrence timeline truly reflects power-shortfall urgency

By: Terence Creamer 24th March 2020 Project finance and energy specialists from a leading domestic law firm have questioned whether the timetable outlined by the National Energy Regulator of South Africa (Nersa) for providing its concurrence with two Ministerial determinations for new power generation “truly reflects the urgency of... →

Woodside cuts 900 staff - AWU

By: Esmarie Iannucci 24th March 2020 The Australian Worker’s Union (AWU) has lashed out at oil and gas major Woodside, claiming that it had stood down 500 of its workers both at the Karratha gas plant and at the Pluto liquefied natural gas (LNG) project “without a word of explanation or a dollar of compensation”. The AWU said that... →

Oil and gas producers in for tough times - Woodmac

By: Esmarie Iannucci 23rd March 2020 The upstream oil and gas sector was facing unprecedented uncertainty with the massive fall in the oil price and the uncertain market environment brought on by Covid-19, industry analyst Wood Mackenzie (Woodmac) has reported. In a research note, Woodmac noted that the upstream oil and gas sector’s... →

Pennsylvania coal mines must shut down, governor orders

By: Bloomberg 20th March 2020 Coal miners including Consol Energy and Contura Energy must shutter their operations in Pennsylvania after the governor ordered “non-life-sustaining” businesses to close. The order took effect Thursday night, according to a statement from Governor Tom Wolf. Pennsylvania is the latest state to... →

Australian exports going strong, Covid-19 impact still looming

By: Esmarie Iannucci 18th March 2020 New data from the Office of the Chief Economist has shown that Australia’s resource and energy export earnings are forecast to set a record of A$299-billion in 2019-20, an increase of A$18-billion from 2018-19, while the effects of the COVID-19 virus would likely be felt by the resources sector... →

Miners join forces on hydrogen to decarbonise operations

By: Esmarie Iannucci 18th March 2020 Mining majors BHP, Fortescue Anglo American and consulting engineering group Hatch have formed a Green Hydrogen Consortium to jointly accelerate decarbonisation within their global operations. The goal of the consortium is to identify opportunities to develop green hydrogen technologies for the... →

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