R/€ = 19.06 Change: -0.05
R/$ = 16.89 Change: -0.05
Au 1804.49 $/oz Change: -8.28
Pt 837.14 $/oz Change: -14.49


Santos unveils salty plans for Narrabri

By: Esmarie Iannucci     6th July 2020 Oil and gas major Santos has inked a memorandum of understanding (MoU) with Natural Soda to use salt removed from produced water as part of the Narrabri gas project, in New South Wales. . The two companies have been working together for more than 12 months on a commercially-viable model that... 

Shell, IBM team up to accelerate digitalisation in the mining industry

By: Natasha Odendaal     3rd July 2020 Oil and gas major Shell and NYSE-listed IBM have joined forces to introduce a new business-to-business digital mining services marketplace platform to offer field-tested technology and digital solutions that can help mining companies improve safety, mine planning, operational efficiency and... 

Hydrogen-powered aviation preparing for takeoff – study 

By: Martin Creamer     2nd July 2020 Hydrogen as an energy source will play a key role in transforming aviation into a zero-carbon/climate-neutral system over the next few decades, an independent study states in estimating that the first short-range hydrogen-powered demonstrator could be developed by 2028 if sufficient investments... 

Petroleum exploration approved in S Australia

By: Esmarie Iannucci     2nd July 2020 The South Australian government this week announced the successful bids for five new petroleum exploration licenses. The five licenses have a guaranteed work programme valued at a combined A$58.85-million over the next five years, Energy and Mining Minister Dan von Holst Pellekaan said. 

Mining jobs safe in Queensland

25th June 2020 Despite the impacts of the Covid-19 pandemic, the Queensland resources sector has maintained its place as one of the largest employers in the region, with only a 1% drop in direct jobs during the May quarter. Queensland Resources Council (QRC) CEO Ian Macfarlane said that the latest data from... 

Santos inks gas deal with Gold Fields

By: Esmarie Iannucci     16th June 2020 Oil and gas major Santos has inked a new gas supply agreement with gold miner Gold Fields over its three gold mines in Western Australia. Under the terms of the agreement, Santos would supply some 5.5 PJ of natural gas from its Varanus Island gas plant over a three-year period, starting in July... 

Australia facing stiff LNG competition

By: Esmarie Iannucci     12th June 2020 Australia could be facing increasing competition in the global supply of natural gas, the Australian Petroleum Production and Exploration Association (Appea) said this week. Pointing to a new report by the International Energy Agency (IEA), which showed that the global demand for natural gas is... 

Coal snags $31m in US stimulus loans for small business

By: Bloomberg     6th May 2020 Stimulus loans meant to help small businesses hurt by the coronavirus pandemic are being doled out to coal companies, stoking criticism from environmentalists that the Trump administration is using the aid to help a preferred industry that was already in financial trouble. The US Small Business... 

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... 

Oil Search raises A$80m in entitlement offer

By: Esmarie Iannucci     1st May 2020 Oil and gas major Oil Search has completed the retail component of it’s A$400-million entitlement offer, raising an initial A$80-million. Oil Search last month announced plans for a A$1.1-billion raising, consisting of underwritten institutional placement to raise an initial A$760-million, and... 

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