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Coal expected to remain dominant source of power in the coming decade - Fitch Solutions

By: Simone Liedtke 10th June 2021 Coal is expected to remain the dominant source of power for most of Southeast Asia and Australia in the coming decade, at least, and Fitch Solutions Country Risk and Industry Research says that will support the mining of coal and coal trade in the region. Coal currently remains the most practical... →

Strandline puts LNG in place for Coburn

By: Esmarie Iannucci 27th April 2021 Mineral sands developer Strandline Resources has finalised a liquefied natural gas (LNG) supply agreement for its Coburn project, in Western Australia. The ASX-listed company on Tuesday announced that it had inked a ten-year LNG supply agreement with a joint venture (JV) between energy major... →

New Woodside boss faces existential threats, outgoing CEO says

By: Reuters 16th April 2021 Woodside Petroleum's outgoing boss said on Friday his replacement will face two company-defining challenges: replacing its ageing assets and managing the transition to cleaner energy. Australia's top independent gas producer is betting its future on the $11-billion Scarborough gas project, with... →

Rolling renewables auctions follow in wake of ‘emergency’ procurement

By: Terence Creamer 2nd April 2021 Mineral Resources and Energy Minister Gwede Mantashe released the names of the eight preferred bidders – including three powership projects – selected as part of government’s 2 000-MW ‘emergency’ procurement programme and also launched the much-anticipated fifth bid window (BW5) for the... →

WoodMac expects M&A uptick in 2021

By: Esmarie Iannucci 16th December 2020 Australia is expected to headline merger and acquisition (M&A) activities in the liquefied natural gas (LNG) sector in 2021, advisory firm Wood Mackenzie (WoodMac) has predicted. WoodMac Asia Pacific vice chairperson Gavin Thompson noted that M&A activity is expected to resume over the next 12... →

South32 and Trilogy pick Newmont VP for Ambler job

By: Creamer Media Reporter 25th August 2020 Ramzi Fawaz has been appointed president and CEO of Ambler Metals, joint venture partners South32 and Trilogy Metals announced on Tuesday. Fawaz joins Ambler, which is exploring and developing the Upper Kobuk Mineral Projects in Alaska, from Newmont, where he was senior VP projects until October... →

Falling oil price hits Oil Search

By: Esmarie Iannucci 25th August 2020 ASX-listed Oil Search has reported a 264% fall in net profits after tax for the first half of 2020, as oil prices tumbled amid the Covid-19 pandemic. The company on Tuesday reported a net loss after tax of $266.2-million, compared with a net profit of $161.9-million in the first half of 2019,... →

Mozambique, Total agree to ‘Joint Task Force’ to help secure mega LNG project

By: Terence Creamer 24th August 2020 French energy major Total, which is leading the development of the $20-billion liquefied natural gas (LNG) megaproject in northern Mozambique, announced on Monday that it had signed a new security-related memorandum of understanding (MoU) with the government of the Southern African country.... →

Santos swings to a loss

By: Esmarie Iannucci 20th August 2020 Oil and gas giant Santos has reported a 48% fall in underlying profits for the six months ended June, with the company swinging to a net loss after tax. The company has reported a net loss of A$289-million, down from a net profit after tax of A$388-million in the previous corresponding period,... →

Oil prices hit Origin

By: Esmarie Iannucci 20th August 2020 Falling oil and liquefied natural gas (LNG) prices has seen ASX-listed Origin Energy report a significant fall in profits and earnings for the full year ended June. The company has reported statutory profits of A$83-million for the 12 months ended June, compared with the A$1.21-billion in the... →

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