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Pt 950.00 $/oz Change: -4.50


LNG-focused energy firm pursuing ‘diversified’ African investment pipeline

By: Terence Creamer     26th April 2017 Black-empowered energy company African Energy Partners (AEP), which plans to list as a special purpose acquisition company on the JSE’s AltX board on June 1, to raise up to R500-million to pursue liquefied natural gas (LNG) prospects in Africa, reports that its investment pipeline includes a... 

LNG-focused energy aspirant plans June listing on AltX

By: Terence Creamer     25th April 2017 A black-empowered energy company, with a specific focus on liquefied natural gas (LNG), intends listing as a special purpose acquisition company on the JSE’s AltX board in June. African Energy Partners Limited (AEP) will seek to raise up to R500-million to help fund its first “viable... 

Cross-border power to boost African economies

By: Robyn Wilkinson     21st April 2017 With the announcement of an ambitious power project to connect Cape Town and Cairo within the next three years by regional orhganisation the Eastern Africa Power Pool, the opportunities for reliable cross-border electricity generation are once again in the spotlight, says power generation... 

Gas still the answer – Appea

By: Esmarie Swanepoel     20th April 2017 The Australian Petroleum Production and Exploration Association (Appea) has slammed a new report by the Climate Council that claimed more gas production will result in higher electricity prices and pollution. In its report 'Pollution and Price: the Cost of Investing in Gas', the Climate Council... 

Indian LNG demand to take a dip in the short term

By: Ajoy K Das     19th April 2017 Indian demand for imported liquefied natural gas (LNG) is expected to dip sharply after the government pulled the plug on a scheme supplying subsidised natural gas to power generating plants. Halting the supply of subsidised LNG is expected to shave off at least two-million tons from 22-million... 

Darwin LNG expansion to be studied

By: Esmarie Swanepoel     19th April 2017 The owners of the 3.6-million-tonne-a-year Darwin liquefied natural gas (LNG) project, in the Northern Territory, are studying the potential expansion of the project through the introduction of a second LNG train. The Northern Territory government has announced that it will contribute A$250 000... 

Moz plant illustrates rapid commissioning potential of gas engines

By: Dylan Slater     14th April 2017 Electricity generation using gas as a fuel has great potential to meet the growing needs of many African countries, especially with a peaking-plant application, according to Cape Town-based engineering firm MTU South Africa, a subsidiary of UK-based engines, propulsion systems and distributed... 

Stronger iron-ore, coal prices push Australia’s export earnings higher

By: Esmarie Swanepoel     7th April 2017 The value of Australia’s resources and energy export earnings for 2016/17 has been upwardly revised by A$12-billion since December last year, to A$215-billion. The Office of the Chief Economist said on Friday that the upward revision largely reflected the unexpected increase in iron-ore prices,... 

Shell Australia moves to help ease domestic gas supply constraints

By: Esmarie Swanepoel     6th April 2017 The Australian Petroleum Production and Exploration Association (Appea) has welcomed news from major Shell Australia that its QGC joint venture (JV) has signed two new gas sales agreements with domestic customers, saying that it was a clear demonstration that the Queensland gas industry was doing... 

WA mineral, petroleum sales up by $3.4bn in 2016

By: Esmarie Swanepoel     6th April 2017 Western Australia’s mineral and petroleum industry reported sales of A$94.8-billion in 2016, an increase of A$3.4-billion on 2015 sales. The improvement from last year is largely on the back of increases from the major commodities, including iron-ore, gold and certain petroleum products. 

Chevron calls end of LNG mega project after $88Bn spree

By: Bloomberg     21st March 2017 Chevron Corp. has signaled the end of major new liquefied natural gas (LNG) projects in Western Australia and is unlikely to sanction an expansion of its Gorgon and Wheatstone export developments as it focuses on boosting returns from $88-billion of investment. The climate for developing large... 

TransCanada to push ahead with C$1.4bn North Montney gas pipeline earlier than expected

By: Henry Lazenby     21st March 2017 Pipeline operator TransCanada has filed a variance application with the National Energy Board to proceed with construction of the North Montney Mainline Project (NMMP) ahead of schedule. The Calgary, Alberta-based oil and gas transporter has already been granted the required federal and... 

Turnbull, east coast gas providers agree plan to ensure cheaper, reliable energy

By: Esmarie Swanepoel     16th March 2017 Prime Minister Malcolm Turnbull has met with east coast gas providers to formulate a plan to help deliver cheaper and more reliable energy. A series of measures have been developed and all participants have agreed to ongoing work to deliver on the targets that have been set out. 

Laing O’Rourke withdraws employees from Ichthys LNG project amid contract dispute

By: Esmarie Swanepoel     15th March 2017 More than 600 workers have reportedly been dismissed from the 8.9-million-tonne-a-year Ichthys liquefied natural gas (LNG) project as a dispute between contractors arose. Laing O’Rourke, which has been constructing four cryogenic tanks on the project on behalf of contractor JKC Australia LNG... 

Turnbull concerned by impending Australia gas supply cliff

By: Esmarie Swanepoel     9th March 2017 Australian Prime Minster Malcolm Turnbull on Thursday said warnings of potential shortfalls in gas were “very concerning”, and called on the CEOs of east coast gas companies to address the threat to customers. Turnbull’s comments come after the Australian Energy Market Operator (AEMO) released a... 

Armour to start supply of gas to APLNG by June

By: Megan van Wyngaardt     6th March 2017 ASX-listed Armour Energy has entered into a connection agreement with APA Group, giving the company access to the Roma-Brisbane pipeline at Wallumbilla, which will allow it to supply gas to Australia Pacific Liquefied Natural Gas (APLNG). Under a ten-year contract with APA, a key gas transport... 

Miners pushing Australian growth – ABS

By: Esmarie Swanepoel     1st March 2017 New data by the Australian Bureau of Statistics (ABS) has confirmed that strong liquefied natural gas (LNG) exports played a key role in driving Australia’s economic growth of 1.1% in the December 2016 quarter, the Australian Petroleum Production and Exploration Association (Appea) has said. The... 

Appea warns of gas supply shortfall from 2019

By: Esmarie Swanepoel     28th February 2017 Australia urgently needs more gas supply and more gas suppliers to head off a supply shortfall forecast for 2019, the Australian Petroleum Production and Exploration Association (Appea) has said. CEO Dr Malcolm Roberts said on Tuesday that a new report by the Australian Industry Group (Ai Group)... 

Murray & Roberts posts H1 loss

By: Anine Kilian     22nd February 2017 JSE-listed Murray & Roberts (M&R) on Wednesday reported an attributable loss of R60-million for the six months ended December 31. Revenue and profit from continuing operations were R10.7-billion and R119-million respectively for the period. 

Woodside boosts profits, expected output

By: Esmarie Swanepoel     22nd February 2017 Oil and gas producer Woodside Petroleum has reported a significant upswing in profits for the full 2016, as the company exceeded its production targets and reduced its operating costs. Net profit for the 2016 financial year reached $868-million, compared with the $26-million reported for 2015. 

Santos reports massive loss on GLNG impairment, lower oil prices

By: Esmarie Swanepoel     17th February 2017 Oil and gas major Santos has recorded a net loss of more than $1-billion for 2016, on the back of a $1.1-billion impairment charge on its Gladstone liquefied natural gas (GLGN) asset and lower oil prices. Excluding impairments and other significant items, the company reported an underlying profit... 

Global energy council ponders gas-related realities

     17th February 2017 In recent years, the gas market has undergone several changes - the discovery of new deposits, the evolution of gas transport techniques and the new gas pipelines are all elements that deeply modify this market, notes international energy organisation World Energy Council (WEC). The council notes... 

Origin widens H1 loss on $1.4bn impairment

By: Esmarie Swanepoel     16th February 2017 Oil and gas major Origin Energy has widened its pre-tax loss to $1.6-billion for the six months to December 31, compared with a loss of $154-million in the previous corresponding period, after incurring a $1.4-billion impairment. Revenue for the half-year increased to $6-billion, from the... 

AFRICA GAS FORUM seeks to unlock new business opportunities for African investors

     15th February 2017 Will the nascent gas industry become South Africa’s new money-spinner? With a bleak outlook emanating out of last week’s #MiningIndaba, investors would be forgiven for losing their stomach for the mining sector and its troubles. Questions are being raised about whether South Africa’s gas sector,... 

Origin warns of A$1.9bn impairment

By: Esmarie Swanepoel     15th February 2017 Oil and gas major Origin Energy has warned of a A$1.9-billion post-tax impairment charge for the 2017 financial year. The company told shareholders that its Australia Pacific liquefied natural gas (APLNG) joint venture recognised an impairment charge on its assets, with Origin expected to reflect... 

Canadian Zinc, NTPC to evaluate LNG power generation for Prairie Creek

By: Henry Lazenby     14th February 2017 Junior project developer Canadian Zinc has inked a memorandum of understanding (MoU) with the Northwest Territories Power Corporation (NTPC) to assess electricity supply options for the Prairie Creek zinc/lead/silver mine. Under the terms of the MoU, NTPC has agreed to work with Canadian Zinc to... 

Petroleum tax review threatens oil, gas developments – Appea

By: Esmarie Swanepoel     10th February 2017 The Australian Petroleum Production and Exploration Association (Appea) has again warned that Australia’s capacity to find and develop oil and gas resources could be at stake as the federal Treasury reviews the petroleum resource rent tax (PRRT). The Federal government in November 2016 announced... 

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. 

Driftwood liquefied natural gas terminal project, US

By: Sheila Barradas     3rd February 2017 The project aims to build a liquefied natural gas (LNG) facility with an export capacity of 26-million tonnes of LNG a year. 

Ichthys liquefied natural gas project, Australia

By: Sheila Barradas     3rd February 2017 Inpex has brushed off concerns about delays to the project, following the termination of a construction and commissioning contract of the combined-cycle power plant project, in Darwin. 

Importance of gas in global energy arena set to increase

By: Simone Liedtke     3rd February 2017 In the medium term, the importance of gas in the global energy mix is set to increase, owing to the growth in global liquefied natural gas (LNG) supply and a more flexible global market, says advisory firm KPMG energy economist Dr Requier Wait. 

Technology and environmental issues favouring LNG

By: Simone Liedtke     3rd February 2017 With preferred bidders for the gas-to-power projects scheduled to be announced by government at the end of next month, the Southern African Gas Association (Saga) believes that there is a sense of urgency and willingness to adapt to using liquefied natural gas (LNG). 

LNG investment falls as projects are completed - Deloitte

By: Esmarie Swanepoel     2nd February 2017 As investment in Australia's liquefied natural gas (LNG) sector falls to its lowest level since 2009, LNG exports are tipped to increase on the back of the completion of the Gorgon, Prelude and Ichthys developments this year. Advisory firm Deloitte Access Economics reported this week that the... 

Legislation to unlock South Africa’s unrealised gas potential Gas offers game-changing opportunity to reinvent growth 

     27th January 2017 “South Africa presents a strong case for the development of an integrated gas industry - covering the exploration, production and beneficiation of gas - with huge potential for energy supply diversification, broader industrialisation and job creation,” says Khwezi Tiya, Head, Oil and Gas South... 

Inpex sticks to Ichthys start-up date despite power project blow

By: Esmarie Swanepoel     27th January 2017 Energy major Inpex has brushed off concerns about delays at its 8.9-million-tonne-a-year Ichthys liquefied natural gas (LNG) project, after project house UGL terminated its construction and commissioning contract of the combined cycle power plant (CCPP), in Darwin. The termination of the... 

Probolinggo liquefied natural gas terminal conversion project, Indonesia

By: Sheila Barradas     27th January 2017 The project involves the development of a new 2.4-million-tonne a year liquefied natural gas terminal. 

Queensland tests gas reservation policy with release of new acreage

By: Esmarie Swanepoel     25th January 2017 The Queensland government will release 58 km2 of land for gas exploration, but with the condition that any gas produced has to be used in Australia. Natural Resources and Mines Minister Dr Anthony Lynham said on Wednesday that the pilot exploration project in the state’s coal seam gas- (CSG-)... 

Opinion: Billions can be saved by building gas turbines ahead of solar and wind 

     24th January 2017 In this opinion piece, Professor Dawid Serfontein enters the debate on the costs and benefits of South Africa’s renewable-energy fleet, responds to recent media articles on the matter and makes the case for a revision to the sequence in which new generation technologies are added to the... 

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