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Mining Weekly | Topic | Latest News - LNG

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Higher oil prices drive Woodside revenues

By: Esmarie Iannucci 21st October 2021 ASX-listed Woodside Petroleum has reported a 19% increase in sales revenue for the third quarter ended September, compared with the previous quarter, despite a 2% fall in production. The company on Thursday reported that production in the three months to September reached 22.2-million barrels of... →

Santos posts record revenues

By: Esmarie Iannucci 21st October 2021 Oil and gas major Santos has reported record sales revenue and free cash flows for the three months to September. Production during the three months under review was down 3% on the previous quarter, to 21.9-million barrels of oil equivalent, while sales volumes declined by 8% on the June quarter... →

‘Unleash American shale’ to end energy crisis

By: Bloomberg 15th October 2021 The largest US natural gas driller is using the global energy crisis to renew his call for more investment in domestic infrastructure such as pipelines, which he says will enable increased exports and ease shortages. US gas drillers could increase supplies by about 20% if not for pipeline and... →

Need for training in LNG sector recognised

By: Halima Frost 15th October 2021 With liquefied natural gas (LNG) expected to grow exponentially over the next five years, owing to the global drive to greener power generation, diverse consulting service provider Synergy Oil & Gas Consulting & Training senior energy manager Ismaeel Fataar says now is the time to upskill workers... →

China power crunch could clear Aus coal - Woodmac

8th October 2021 Power supply issues in China could force Chinese authorities to allow custom clearance of stranded Australian thermal coal, analyst Wood Mackenzie (Woodmac) said on Friday. Large-scale power restrictions were observed in the last two weeks of September in China on a scale not seen in the last... →

100 MW power generation threshold: Everything you need to know about the new regulations

6th October 2021 With recent changes to energy regulations in South Africa, corporates can now generate up to 100 MW of power without the need for a generation license, and the regulations also allow for other relaxations in regard to wheeling of electricity that will facilitate the achievement of Net Zero... →

Strandline awards mining services contract at Coburn

By: Esmarie Iannucci 4th October 2021 Minerals sands developer Strandline Resources has inked a long-term mining services agreement with contractor Mine Site Construction Services (MSCS). The scope of the mining services agreement includes conventional open pit dry mining of ore at a rate of 23.4-million tonnes a year, overburden... →

Australia to issue credits for carbon capture

By: Reuters 1st October 2021 Australia set rules on Friday for the issue of carbon credits for projects to capture and store (CCS) the pollutant, aiming to spur more such projects and help meet the nation's target to cut planet-warming emissions. The conservative government views CCS as essential to the future use of gas... →

Govt establishes CCUS fund

By: Esmarie Iannucci 30th September 2021 The Australia government has committed A$250-million in funding to a new program that will turbocharge the development of commercial-scale carbon capture, use and storage (CCUS) projects and hubs across Australia and create up to 1 500 jobs. The CCUS Hubs and Technologies Program will operate... →

Australian resource exports set for record heights

By: Esmarie Iannucci 30th September 2021 New data from the Office of the Chief Economist has predicted that Australia’s resources and energy exports will earn a record A$349-billion for 2021-22. This forecasted earning was up from the A$310-billion reported in 2020-21, and will be driven by a strong recovery for coal and despite lower... →

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