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Davies outlines agricultural benefits from new EU trade deal

By: Terence Creamer     17th June 2016 South Africa is “satisfied” that the recently signed Economic Partnership Agreement with the European Union (EU) will lead to improved market access for some additional South African agricultural products, Trade and Industry Minister Dr Rob Davies said at the weekend, reporting that Cabinet had,... 

Queensland LNG exports surpass that of Russia

By: Creamer Media Reporter      2nd June 2016 Australia’s liquefied natural gas (LNG) exports have increased by 53.2% quarter-on-quarter to 10.1-million tonnes in the three months ended March, as production from Queensland’s projects ramped up faster than expected. For the first time, Queensland’s LNG exports have surpassed that of Russia,... 

AWE sells its interest in the Bulu PSC

By: Esmarie Swanepoel     5th May 2016 ASX-listed AWE has continued with its strategy of divesting of its non-core assets, announcing on Thursday the sale of its 42.5% interest in the Bulu production sharing contract (PSC) for A$27.5-million in cash. The Bulu PSC is located offshore east Java and included the undeveloped Lengo gas... 

Producers welcome east coast gas inquiry report, green groups concerned

By: Esmarie Swanepoel     22nd April 2016 While the Australian Petroleum Production and Exploration Association (Appea) has welcomed the recommendations made by the Australian Competition and Consumer Commission (ACCC) in its East Coast Gas Inquiry, greens groups have labelled the report as “confused”. The ACCC on Friday released a... 

Telkom plays down role in new megacable

By: News24Wire      20th April 2016 Local telecoms company Telkom says it hasn’t financially committed to a new African undersea cable despite signing a memorandum of understanding on the project. On Monday, Hong Kong ICT firm PCCW released a statement saying that it along with Telkom, MTN, Saudi Telecom Company (STC) and Telecom... 

Woodside keen to follow Qld LNG producers’ maintenance coordination lead

By: Esmarie Swanepoel     15th April 2016 Australian oil and gas producer Woodside would look at greater cooperation between liquefied natural gas (LNG) operators in Western Australia and the Northern Territory, after the Australian Competition and Consumer Commission (ACCC) this week authorised LNG operators on the east coast to... 

Barnett defends WA’s gas reservation policy

By: Esmarie Swanepoel     12th April 2016 Western Australian Premier Colin Barnett has defended the state’s gas reservation policy, saying a similar approach in different states could assist with the development of coal seam gas (CSG) resources. Speaking at the opening of the 18th liquefied natural gas (LNG) conference, in Perth, on... 

Science department, offshore oil industry set up joint research forum

By: Keith Campbell     12th February 2016 The South African Marine Research and Exploration Forum (Samref) was recently launched by Science and Technology Minister Naledi Pandor. The Forum is a joint initiative of the Department of Science and Technology (DST) and the Offshore Petroleum Association of South Africa (Opasa). The launching... 

Report confirms leading role of gas in Australia’s energy mix

By: Esmarie Swanepoel     8th February 2016 The Australian Pipeline and Gas Association (APGA) has welcomed the findings from a new report by the Department of Industry, Innovation and Science, which reveal that natural gas is the largest provider of stationary energy in Australia. In the ‘Energy In Australia 2015’ report, the Office of... 

Krishnapatnam Port marks a new milestone with Hanjin's First Service Call

     5th February 2016 Hanjin Shipping India Pvt Ltd, the South Korean shipping conglomerate, made its maiden call at KPCT on 1st February, 2016. Vessel MV Hanjin Florida had exchanged 553 TEU out of which 109 TEU are imports and 444 TEU are exports. Krishnapatnam Port Container Terminal, whose volume during Apr’15 -... 

Premier energy event a must for energy businesses

By: Nadine James     5th February 2016 Africa Energy Indaba (AEI) MD Liz Hart says the value of attending the eighth yearly AEI is that industry stakeholders will meet the right people who can decide on energy transactions and implement them.  

Challenging macroeconomic backdrop prompts PotashCorp to shutter New Brunswick ops

By: Henry Lazenby     19th January 2016 Canada’s largest potash producer Potash Corporation of Saskatchewan on Tuesday announced that it would immediately close its Picadilly, New Brunswick potash operations, citing a challenging macroeconomic backdrop. The suspension would make between 420 and 430 jobs redundant, with only a core crew... 

North East Gas Interconnector pipeline project, Australia

By: Sheila Barradas     15th January 2016 The project involves the construction of 622 km, 14" pipeline between Tennant Creek, in the Northern Territory, and Mount Isa. 

Limited prospects for price recovery in Australia’s export commodities – govt economist

By: Esmarie Swanepoel     4th January 2016 Australia’s resources and energy commodity export earnings are forecast to decline by 4% in 2015/16 to A$166-billion, owing to weaker commodity prices. Department of Industry, Innovation and Science chief economist Mark Cully said in the December issue of the Resources and Energy Quarterly that... 

Hillgrove signs up for South Australian copper strategy

By: Esmarie Swanepoel     8th December 2015 Copper miner Hillgrove Resources has inked a formal partnership with the South Australian government, which would see the company relocating its corporate office from Sydney to Adelaide. The move was in recognition of the low mining tax and cost environment offered by South Australia. 

Appea to compile unconventional gas report

By: Esmarie Swanepoel     4th December 2015 The Australian Petroleum Production & Exploration Association (Appea) has been tasked by the Council of Australian Government (COAG) Energy Council to produce an annual unconventional gas activities report. Appea CEO Malcolm Roberts said on Friday that the report would be a convenient source of... 

Australia no longer second-most attractive region for upstream petroleum investment

By: Esmarie Swanepoel     3rd December 2015 The Australian Petroleum Production and Exploration Association (Appea) has called for consistent regulatory policies across Australia, after Canada surpassed Australia as the second-most attractive region for upstream petroleum investment. The Fraser Institute’s ninth yearly Global Petroleum... 

Deloitte identifies mining issues for 2016

     3rd December 2015 A new report by advisory firm Deloitte has identified the top global issues facing the mining industry in 2016, with operational excellence and innovation topping the list. In its 'Tracking the Trends 2016' report, Deloitte also identified China’s slowing growth, stakeholder dialogue, mining... 

Despite slowing growth, China to remain key growth market for metals

By: Henry Lazenby     17th November 2015 As commodity prices touched fresh decade-lows in recent months, a look at the global macroeconomic situation reveals that, despite China being a significant part of the commodity price slump, it will remain a critically important growth market for metals for decades to come. Addressing an... 

Jemena selected to build A$800m NT gas pipeline

By: Esmarie Swanepoel     17th November 2015 The Northern Territory government has selected Jemena Northern Gas Pipeline to build and operate the North East Gas Interconnector (NEGI) pipeline to connect the state’s gas resources to eastern gas markets. The 622 km pipeline, which will run between Tennant Creek and Mount Isa, in Queensland,... 

East Coast gas supply uncertain, despite large-scale LNG projects

By: Esmarie Swanepoel     17th September 2015 Early indications from the Australian Competition and Consumer Commission’s (ACCCs) inquiry into the East Coast gas market has indicated that the arrival of major liquefied natural gas (LNG) projects has likely upended the market permanently. The ACCC East Coast gas inquiry would consider the... 

Company delivers oil refinery control systems

     4th September 2015 Japanese electrical engineering and software company Yokogawa China has received an order from Chinese oil and gas company PetroChina Yunnan Petrochemical to deliver control systems for an oil refinery that is being built in China’s Yunnan province. The first stage of the project includes... 

Shale, tight gas could boost NT economy by A$22bn

By: Esmarie Swanepoel     26th August 2015 The development of shale and tight gas resources in the Northern Territory could add a combined A$22.4-billion to the state’s economy over 20 years and create an additional 6 300 jobs by 2040, a new report has revealed. The report, compiled by advisory firm Deloitte Access Economics and... 

Beach shifts focus to Aus east coast

By: Esmarie Swanepoel     12th August 2015 Following a strategic review, Australian oil and gas producer Beach Energy has taken the decision to focus its efforts on Australia’s east coast, flagging the sale of its international assets. The company in June announced its exit from Romania and, earlier this week, entered into a sales... 

Funding a challenge for Rambler, weaker loonie a boon

By: Henry Lazenby     10th August 2015 Outside of dealing with the negative copper market, the biggest challenge for East Coast-focused Rambler Metals & Mining in general was to secure working capital financing, CEO and president Norman Williams told Mining Weekly Online in a recent interview. Rambler had been advancing discussions... 

De Beers has weak first half, looks forward to H2

By: Megan van Wyngaardt     24th July 2015 Diamond mining giant De Beers on Friday said that, despite a challenging first half, it still achieved a solid operating performance. However, its underlying earnings before interest and taxes (Ebit) decreased by 25% to $576-million for the six months ended June, compared with $765-million in the... 

Luxury vehicle brand appoints local model to showcase new products

     24th July 2015 Italian luxury vehicle manufacturer Maserati has appointed top South African model Genevieve Morton to present its model range in the company’s 2015 brochures and to feature in a worldwide social media campaign. 

NSN Link will interconnect Nordic and British energy markets with the world's longest subsea power link incorporating Nexans' HVDC cable technology

     14th July 2015 • Power interconnection beneath the North Sea will enable Norway and UK to share up to 1400 MW of green energy from 2021 onwards • Statnett SF and National Grid has awarded Nexans a contract valued at around Euros 340 million to deliver the subsea cable on the Norwegian side The NSN Link under... 

Commonwealth Games to attract R25bn to Durban economy 

By: Megan van Wyngaardt     13th July 2015 If Durban wins the bid to host the 2022 Commonwealth Games, the city’s economy could expect an inflow of about R25-billion, with positive knock-on effects from 220 000 visitors extending way beyond the East Coast, bid committee CEO Mark Alexander says. However, professional services firm Deloitte... 

Gas reservation detrimental to market dynamics, BHP tells East Coast inquiry

By: Esmarie Swanepoel     8th July 2015 Diversified miner BHP Billiton has warned that a gas reservation policy in the East Coast of Australia could be detrimental to market dynamics. In a submission to the Australian Competition and Consumer Commission (ACCC), BHP acknowledged that there were significant changes under way in the East... 

Central Petroleum in A$45m Northern Territory deal with Santos

By: Esmarie Swanepoel     5th June 2015 ASX-listed Central Petroleum would acquire a 50% interest in the Mereenie oil and gas field, in the Northern Territory, for A$45-million. Under the terms of the agreement, Central would also free-carry Santos under a A$10-million works programme prior to the development of the proposed Northern... 

ACCC calls for public help in East Coast gas inquiry

By: Esmarie Swanepoel     5th June 2015 The Australian Competition and Consumer Commission (ACCC) has called for submissions on its inquiry into the East Coast gas market. The ACCC East Coast Gas inquiry would consider the competitiveness of wholesale gas prices and the structure of the upstream, processing, transportation, storage... 

Softening exchange rate breathing new life into Australian gold sector as prices edge up

By: Esmarie Swanepoel     5th June 2015 The prices of some of Australia’s largest export commodities have fallen dramatically in the last year, dumping the country’s iron-ore and coal sectors into unprecedented doldrums. On the west coast of Australia, the iron-ore sector has been subjected to infighting, with Australian-owned... 

APA settles BG pipeline acquisition at $4.5bn

By: Esmarie Swanepoel     4th June 2015 ASX-listed gas infrastructure group APA Group on Wednesday completed the $4.6-billion buy of the Queensland Curtis liquefied natural gas (QCLNG) pipeline from project developer BG Group. The pipeline was renamed the Wallumbilla Gladstone pipeline. 

EnergyQuest slams AEMO gas forecast, warns of major east coast shortage

By: Megan van Wyngaardt     1st June 2015 The east coast of Australia is facing a 133 PJ gas shortfall by 2019, energy economics group EnergyQuest said over the weekend, slamming the Australian Energy Market Operator’s (AEMO’s) latest 2015 Gas Statement of Opportunities (GSOO) forecast. EnergyQuest said the GSOO painted an... 

Block Island wind farm, US

By: Sheila Barradas     24th April 2015 The Block Island wind farm will be the first offshore development in the US. 

Appea calls for gas investment to alleviate pricing pressures

By: Esmarie Swanepoel     13th April 2015 The Australian Petroleum Production & Exploration Association (Appea) said on Monday that the Australian Energy Market Operator’s ‘2015 Gas Statement of Opportunities (GSOO)’ report highlighted the need for more investment in gas projects. The GSOO report, which was published on Monday,... 

BassGas JV gets new wells

By: Esmarie Swanepoel     16th March 2015 The first of the two new production wells at the BassGas joint venture (JV), in Victoria, has been spudded, operator Origin Energy reported on Monday. The Yolla 5 and Yolla 6 wells were being drilled as part of Stage 2 of the BassGas mid-life enhancement project, which would extend the... 

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