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India plans incentives for oil, natural gas E&P investors

By: Ajoy K Das     24th June 2019 The Indian government is planning to frame an incentive policy for oil and natural gas exploration and production (E&P) companies. The new policy will incorporate some of the financial incentives discontinued earlier, and the sops extended to E&P companies, even if they fail to bring exploratory... 

ONGC to outsource discovered small oil, gas fields while retaining ownership

By: Ajoy K Das     24th June 2019 In a bid to circumvent government plans to take away its discovered small fields (DSFs), national oil and natural gas exploration and production (E&P) major ONGC has decided to auction such assets under production enhancement contracts, while retaining ownership with itself. Company sources said... 

Angolan government authorises cooperatives to exploit diamonds

By: Rebecca Campbell     21st June 2019 In Angola, 77 cooperatives have been authorised to explore and mine for diamonds, stated an official announcement at the end of last month. The authorisations were issued by the State-owned Endiama diamond mining company. (Endiama is an acronym; the full name of the company, translated into... 

Athabasca Minerals signs agreement with First Nation

By: Tasneem Bulbulia     19th June 2019 Canadian mineral explorer Athabasca Minerals Inc (AMI) has signed a ten-year aggregates management agreement with the Montana First Nation (MFN) for the processing and sale of aggregates from MFN’s 185 acre Colchester property located near Ponoka, Alberta. The scope of the agreement includes... 

Santos eyes solar power in South Australia

By: Esmarie Iannucci     19th June 2019 Oil and gas major Santos will introduce solar panels to help power its Port Bonython processing plant, in South Australia. The ASX-listed company told shareholders that the 2.12MW ground-mounted solar photovoltaic system would generate more than 2 GWh of emissions-free energy a year, which... 

Trudeau approves Trans Mountain pipeline expansion

By: Bloomberg     19th June 2019 Prime Minister Justin Trudeau’s government decided Tuesday to proceed with the construction of a major crude oil pipeline, saying the project has met strict requirements on safety and consultation with Canadian indigenous groups. Trudeau’s Cabinet approved the expansion of Trans Mountain, a... 

Non-disclosure of dam safety risks could prompt big investors to pull out 

By: Reuters     17th June 2019 Investors with a combined $12.5-trillion in assets, including the Swedish National Pension Funds and the Church of England, could review their stakes in resource companies that use storage dams if they do not release information to assess safety risks. The safety of dams used to store mining... 

Blue Sky sees first-mover advantage in Argentina uranium, vanadium market

By: Nadine James     14th June 2019 TSX-listed Blue Sky Uranium CEO Niko Cacos tells Mining Weekly Online the uranium market is in the early stages of a longer-term rising price trend. Blue Sky, which owns the Amarillo Grande uranium/vanadium project (AGP), in Rio Negro, Argentina, expects to take advantage as uranium prices... 

Erratic weather boosts energy demand, denting climate goals – BP 

By: Reuters     11th June 2019 Extreme temperatures around the globe drove a sharp acceleration in energy demand and carbon emissions last year, oil giant BP said on Tuesday, issuing a stark warning that the world risks losing the battle against climate change. And while 2018 saw another sharp pick up in renewable power such... 

Senegal's justice ministry calls for inquiry into energy contracts

By: Reuters     11th June 2019 Senegal's justice ministry asked prosecutors on Monday to launch an inquiry into the country's energy contracts after a report alleged that the President's brother was involved in fraud related to two offshore gas blocks being developed by BP. After the publication of the investigation by the BBC... 

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