R/€ = 17.8736 Change: -0.0546
R/$ = 17.1457 Change: -0.0730
Au 1779.30 $/oz Change: 10.88
Pt 1046.73 $/oz Change: 9.13


Suncor Energy forecasts higher spend in 2023

By: Reuters     30th November 2022 Canada's Suncor Energy on Tuesday forecast higher capital expenditure for 2023 as the energy company counters high inflation, rising interest rates and geopolitical unrest. Rising costs and shortages of labor and materials have troubled the oil and gas industry this year, and many suspect the... 

WA unlikely to be affected by Santos gas leak

By: Esmarie Iannucci     30th November 2022 The gas leak and subsequent shut-down of the John Brooks platform, offshore Western Australia, is not expected to impact gas supply to the state. Oil and gas major Santos this week announced the temporary shut-down of the platform, which is the main platform supplying the Varanus Island... 

Fortescue appoints Woodside heavyweight as CEO

By: Esmarie Iannucci     29th November 2022 Iron-ore major Fortescue Metals has appointed oil and gas major Woodside’s executive VP for Australian operations, Fiona Hick, as its new CEO effective from February next year. Woodside on Tuesday announced the resignation of Hick, with CEO Meg O’Neill praising her ‘significant contributions’ to... 

Santos reports gas leak and gas sales

By: Esmarie Iannucci     29th November 2022 Oil and gas major Santos has temporarily shut down the Jon Brookes platform, offshore Western Australia, after identifying a gas leak in a subsea flange. The company said on Tuesday that the observation of the leak occurred during routine activities on the normally un-staffed facility. The... 

Woodside answers Europe's energy call

By: Esmarie Iannucci     28th November 2022 Oil and gas major Woodside has expanded its liquified natural gas (LNG) trade to include Europe, with the ASX-listed company delivering gas from the North West Shelf to Uniper Global Commodities SE in Rotterdam. The cargo of approximately 75 000 t of LNG, or 100-million cubic meters of natural... 

Trudeau faces tough choices in countering US green incentives

By: Bloomberg     25th November 2022 Prime Minister Justin Trudeau has difficult choices ahead as his government races to respond to the massive green-technology incentives in the US Inflation Reduction Act. Industries from automobile manufacturing to oil and gas production are warning that Canada must invest more to match its... 

Capabilities of local industry rewarded

By: Cameron Mackay     25th November 2022 The 2022 Steel Awards – presented by industry body the Southern African Institute for Steel Construction (SAISC) last month – honoured the capabilities of the local steel construction industry. “Category winners and runners-up projects have shown once again that the South African steel industry... 

Woodside commits another A$65m to community support

By: Esmarie Iannucci     24th November 2022 Oil and gas major Woodside has committed up to A$65-million in funding over the next five years to support community development in regional Western Australia. CEO Meg O’Neill said the social contribution would include new opportunities as well as extending current partnerships in the... 

Beneficial ownership registry, extractive industries transparency can benefit South Africa

By: Schalk Burger     23rd November 2022 Establishing a beneficial ownership registry in South Africa will help to improve financial transparency, the transparency of value chains and provide information for companies and the public about companies and who owns and controls them. These were some of the benefits highlighted in two new... 

Qld calls for comment on critical minerals

By: Esmarie Iannucci     22nd November 2022 The Queensland government has released a discussion paper on boosting critical mineral exploration in the state, and speeding up approvals. “Queensland has vast reserves of the critical minerals we need to implement our Energy and Jobs Plan, reducing emissions and creating good jobs,” Resources... 

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