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Mantashe: SA must oppose 'investment killing' foreign-funded lobby

By: News24Wire      25th January 2022 South Africa must oppose a foreign-funded anti-development agenda if it has any chance at growing its extractive industries for the benefit of the economy, Mineral Resources and Energy Minister Gwede Mantashe has said. Speaking at the North West provincial mining and energy investment conference... 

McKinsey pegs the price tag of a livable climate at $9.2tr a year

By: Bloomberg     25th January 2022 A new analysis from McKinsey & Co. estimates that the investment, in new infrastructure and systems, needed to meet international climate goals could be $9.2-trillion a year through 2050. That’s at least $3.5-trillion more a year than the world is currently laying out for both low-carbon and... 

Gas key to just energy transition

By: Halima Frost     21st January 2022 In October industry body South African Oil & Gas Alliance hosted a webinar on ‘The Role of Gas in the Just Energy Transition’ which was attended by both upstream and downstream service providers and investors. The webinar included sessions by State-owned power utility Eskom, and State-owned oil... 

South Africans duty-bound to do all they can to go green as fast as possible

By: Martin Creamer     21st January 2022 Climate change is real. It has impact. It causes catastrophe. All human beings living on planet earth are affected and our grandchildren stand to be devastated if we don't change. South Africans must do the right thing. We have the sun and wind, and we must use it in a widespread way to phase out... 

Forum reviews gas industry’s progress

21st January 2022 Representatives from the gas producing nations platform The Gas Exporting Countries Forum (GECF) and the United Nations Educational, Scientific and Cultural Organization (Unesco) met last month to review progress on a memorandum of understanding (MoU) inked in December 2020. The GECF-Unesco MoU... 

Woodside sales spike, along with revenue

By: Esmarie Iannucci     20th January 2022 Oil and gas producer Woodside Energy has reported an 86% increase in sales revenue during the fourth quarter ended December, compared with the previous quarter, with revenues reaching A$2.85-billion. The ASX-listed company said that the average realised price increased by 53% in the same period,... 

Woodside inks LNG HoA in the US

By: Esmarie Iannucci     19th January 2022 Oil and gas producer Woodside Energy has struck a heads of agreement (HoA) with US based Commonwealth LNG for the potential supply of liquefied natural gas (LNG from the proposed Commonwealth LNG development in Louisiana. The HaA contemplates the purchase of 2-million tonnes a year of LNG over a... 

BHP revives appetite for deals with biggest rivals in sights

By: Bloomberg     18th January 2022 After sitting dormant for more than a decade, BHP Group -- once mining’s most aggressive dealmaker -- is positioning itself for a return to large-scale M&A. BHP has expanded its dealmaking team, including in London, and is interested in pursuing a transformational deal, according to people... 

Woodside advances US hydrogen project

By: Esmarie Iannucci     18th January 2022 Oil and gas major Woodside Energy has entered front-end engineering design (FEED) on a hydrogen project, awarding a FEED engineering services contract to Kellogg, Brown & Root LLC (KBR) in December, for its proposed H2OK project in Oklahoma. H2OK is a liquid hydrogen production facility proposed... 

Hydrogen economy can support new manufacturing, energy security for developing economies

By: Schalk Burger     17th January 2022 Green hydrogen could disrupt global trade and bilateral energy relations, reshaping the positioning of States, with new hydrogen exporters and users emerging, says renewable energy intergovernmental organisation the International Renewable Energy Agency (Irena). “It is green hydrogen that will... 

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