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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... →
Mozambique expansion key for gas supplier
By: Darren Parker 10th April 2020 JSE-listed gas supplier Afrox has committed a R75-million capital investment to establish and develop a new regional branch in Pemba and an on-site store in Palma, both in Mozambique, over the next few years. Afrox Mozambique currently has no presence in the northern region of the country, which... →
Weekly Coal Index Report
8th April 2020 African Source Markets produces weekly commodity indices for standardised grades of coal. African Source Markets has given permission to Mining Weekly to publish these proprietary indices together with a brief market commentary, historical pricing and prevailing forward curve. →
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... →
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... →
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... →
ACCC calls for more gas exploration
By: Esmarie Iannucci 18th February 2020 The Australian Competition and Consumer Commission (ACCC) has called on Australia’s southern state to allow gas exploration in a bid to secure supply. “Southern states risk facing a shortfall in the medium term unless there is more exploration and development in the south, or new infrastructure... →
Woodside suffers under Kitimat impairment
By: Esmarie Iannucci 13th February 2020 Oil and gas major Woodside Energy has seen a significant drop in its full year net profits after tax after recording a $720-million non-cash impairment for the Kitimat liquefied natural gas (LNG) asset, in Canada. The ASX-listed major on Thursday told shareholders that the net profit after tax... →
BHP approves Scarborough feasibility
By: Esmarie Iannucci 13th February 2020 Diversified major BHP on Thursday announced a decision to progress the Scarborough gas development, offshore Western Australia, into the feasibility study phase. BHP in 2016 sold a 50% stake in the undeveloped Scarborugh gas field to Australian oil and gas major Woodside Energy for an initial... →
Oil Search disappointed in P'nyang delay
By: Esmarie Iannucci 4th February 2020 Oil and gas producer Oil Search has expressed its disappointment after the Papua New Guinea (PNG) government halted talks with partner ExxonMobil on a potential A$20-billion expansion of liquefied natural gas (LNG) operations in the region. PNG Prime Minister James Marape said in a statement... →
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