R/€ = 13.71 Change: -0.03
R/$ = 12.97 Change: -0.08
Au 1254.69 $/oz Change: -2.38
Pt 1028.00 $/oz Change: 0.00


South Aus Energy Minister decries PM’s comments on renewables, coal 

By: Esmarie Swanepoel     3rd February 2017 South Australia’s state Energy Minister Tom Koutsantonis has lashed out at Prime Minister Malcolm Turnbull’s clean coal aspirations, saying his statements have no basis in reality. Turnbull earlier this week advocated the use of clean coal technology in Australia, saying the current... 

Senex raises A$55m as it pursues east coast gas opportunities

By: Esmarie Swanepoel     3rd February 2017 The Queensland government has welcomed the A$45.9-million investment from energy investor EIG Global Energy Partners into ASX-listed Senex Energy. Senex this week announced that it has raised A$55-million through a share placement to EIG and other institutional and sophisticated investors. 

Santos lodges application, EIS for NSW gas project

By: Esmarie Swanepoel     1st February 2017 Oil and gas major Santos has submitted a development application and environmental-impact statement (EIS) for its Narrabri gas project to the New South Wales government. Santos MD and CEO Kevin Gallagher said on Wednesday that the company had spent time producing a comprehensive EIS so the local... 

Liquid Sea submarine cable project, South Africa to the Middle East

By: Sheila Barradas     9th December 2016 The new submarine cable will directly connect all countries along the east coast of Africa and provide new connectivity for the Middle East and Europe.  

Coordinated planning approach ‘imperative’ to Australia’s energy future - AEMO

By: Esmarie Swanepoel     8th December 2016 The Australian Energy Market Operator (AEMO) has again highlighted the need for urgent policy reform to secure the nation’s energy future. In its latest National Gas Forecasting Report (NGFR), the AEMO warned of uncertainties and challenges, which will complicate gas demand forecasts for eastern... 

Victoria needs more gas – EnergyQuest

     5th December 2016 New data from energy market analyst EnergyQuest has revealed that Victoria will need substantially more gas to provide long-term electricity supply. In its latest 'EnergyQuarterly', EnergyQuest noted on Monday that the state had less than a decade to get its gas supply in order, after data... 

SA needs to get out of its petrochemicals cul-de-sac

     2nd December 2016 In this article, Dr Rod Crompton makes the case of more refinery capacity in South Africa, which could provide competitively priced transport fuels and feedstocks for petrochemical factories that can compete with Sasol 

Australian LNG export hits 22-month high

By: Esmarie Swanepoel     14th November 2016 Australia’s monthly liquefied natural gas (LNG) exports have climbed to record highs during October, with values reaching A$1.75-billion, energy market analyst EnergyQuest has revealed. This was the best performance in 22 months. 

Savannah establishes initial resource at Mutamba, now eyes scoping study

By: Megan van Wyngaardt     8th November 2016 Aim-listed Savannah Resources has declared an initial resource estimation of 3.5-billion tonnes at 3.8% total heavy minerals for two of the four deposits at its Mutamba project, in Mozambique. Of this resource estimate, 81-million tonnes comprised ilmenite, 2.2-million tonnes contains rutile and... 

SAP opens new co-innovation lab to bolster relevant innovation 

By: Natasha Odendaal     26th October 2016 South Africa has become home to enterprise application software firm SAP’s seventh Co-Innovation Lab, or ‘Coil’, aimed at promoting innovative, locally relevant solutions through the unification of different ideas, tools and technology. The new lab, ceremoniously opened in Sandton, on Wednesday,... 

Australia pipeline king fights questions on monopoly prices

By: Bloomberg     21st October 2016 After a decade of unrivaled expansion, Australia’s largest gas-pipeline owner is facing growing pains. Complaints from industrial gas users, frustrated by supply shortages and hefty price spikes following the start of Queensland’s liquefied natural gas export plants, sparked a regulatory review... 

Coal, iron-ore price spikes to boost Australia’s commodity export earnings

By: Esmarie Swanepoel     7th October 2016 Australia’s resources and energy commodity export earnings are forecast to increase to A$176-billion in 2016/17, up 12% from an estimated A$157-billion in 2015/16. In its latest Resources and Energy Quarterly, the Department of Industry, Innovation and Science shows that spikes in metallurgical... 

Gas will help get right balance in energy mix, says government 

By: Kim Cloete     4th October 2016 The Department of Energy (DoE) says it is committed to finding the right balance between different sources of energy with liquefied natural gas (LNG)-to-power a vital part of the mix.   DoE director-general Thabane Zulu told the South Africa: Gas Options conference that while gas and renewables... 

ACCC urges gas development in NT

By: Esmarie Swanepoel     16th September 2016 The Australian Competition and Consumer Commission (ACCC) has urged the Northern Territory government to duly consider its onshore gas development strategy. ACCC chairperson Rod Sims said at the South East Asia Australia Offshore & Onshore Conference that the Northern Territory had the... 

APLNG gains greater access to eastern market

By: Esmarie Swanepoel     6th September 2016 Australia Pacific Liquefied Natural Gas (APLNG) has signed a 20-year gas transportation agreement with infrastructure provider APA Group, which will give it greater access to the domestic east coast gas market. Under the terms of the agreement, APA will build an A$80-million, 50 km bidirectional... 

Floating dry dock could lead to further docking opportunities in Durban

By: Shirley le Guern     5th September 2016 Dormac Marine’s R300-million investment in its Dormac Dock 1 floating dry dock will position the Dormac shipyard as a centre of excellence for the ship repair industry and serve as a stimulus for additional investment and docking opportunities in Durban, said Trade and Industry Minister Dr Rob... 

Healthy oceans essential for combating poverty

By: African News Agency      2nd September 2016 Addressing an African ministerial conference, the head of the United Nations agricultural agency on Thursday stressed the need to mitigate the impacts of climate change and illegal fishing on oceans and coastal communities as fisheries and aquaculture emerge as driving forces behind the... 

Santos flags $1bn Gladstone LNG charge on gas supply

By: Bloomberg     15th August 2016 antos will take a $1.05-billion writedown on its Gladstone LNG project due to rising prices for third-party gas supplies and slower-than-expected ramp up of its own equity output to feed the export project. The non-cash charge on the liquefied natural gas (LNG) development in Queensland, which... 

Wollongong Coal awards coal haulage contract

By: Megan van Wyngaardt     15th August 2016 ASX-listed Wollongong Coal has awarded a 800 000 t/y run-of-mine coal haulage contract to rail freight company Aurizon. Aurizon will transport coal from Wollongong’s Wongawilli colliery, in New South Wales, to the Port Kembla coal terminal on the east coast of the state. The contract will run... 

Transformer refurbishment benefits port terminal

     29th July 2016 Medium to low voltage transformers are the final, crucial link in transmitting power from the National Grid to the functional equipment, so the impact on a business of a transformer failure can be very significant. Sulzer was recently contracted to complete a refurbishment after the client was... 

Australian LNG exports surge 18% to 3.6Mt in June – report

By: Creamer Media Reporter      12th July 2016 Combined exports from Australia’s three liquefied natural gas (LNG) hubs surged 18.5% in June as the country’s LNG plants continued to add to global energy supplies. Total June output climbed to 3.6-million tonnes – an increase of 560 000 t over the May total – with strong contributions from... 

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... 

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