R/€ = 13.85 Change: 0.05
R/$ = 13.06 Change: -0.03
Au 1237.60 $/oz Change: -0.91
Pt 1006.00 $/oz Change: 4.00


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... 

Australia iron-ore ports clearing ahead of cyclone - authority

By: Reuters     27th January 2017 A tropical low in the Indian Ocean off Australia was forecast on Friday to intensify to cyclone strength within 24 hours, disrupting shipping from the world's biggest iron ore export terminals and threatening offshore production of liquefied natural gas (LNG). The Pilbara Ports Authority said in... 

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... 

Indian oil companies look towards national Budget for incentives

By: Ajoy K Das     24th January 2017 India’s oil and gas industry is banking on the forthcoming national Budget to offer a series of tax incentives to ensure that the domestic industry is able to capture the benefits of global developments. The domestic oil and gas industry and representative associations have placed their Budget... 

SA can save billions by building gas turbines first, then PV-solar and wind

     24th January 2017 Dawid Serfontein, Associate Professor in the School of Mechanical and Nuclear Engineering, North-West University. This is a response to the Fin 24 article Koko unpacks Eskom’s renewable costs, but experts disagree (17 Jan.). I am impressed with the dramatic reductions in the prices of PV-solar,... 

Santos hits new production and sales records

By: Esmarie Swanepoel     20th January 2017 Oil and gas major Santos reported record production and sales volumes for 2016, which MD and CEO Kevin Gallagher on Friday described as a “year of significant change” for the Australia-based company. The ASX-listed company produced a record 61.6-million barrels of oil equivalent in the year... 

PSE liquefied natural gas storage and fuelling terminal project, US

By: Sheila Barradas     20th January 2017 The project involves the engineering, procurement, fabrication and construction of a multipurpose liquefied natural gas storage and fuelling terminal. 

Woodside CEO sees no need for M&A, plenty of growth in pipeline

By: Reuters     19th January 2017 Woodside Petroleum CEO Peter Coleman said there's little need for more mergers and acquisitions by Australia's biggest independent oil and gas producer as it works on developing a handful of new projects at home and abroad. The company, seen as short on growth, has had to rely on a few deals to... 

EnerMech Acquires Electrical & Instrumentation Specialist In Largest Deal To Date

     18th January 2017 Engineering services specialist EnerMech has made its first entry in to the electrical and instrumentation (E&I) sector with the acquisition of EPS Group in Australia and the Americas. EPS Group employs 250 staff in Sydney, Melbourne, Brisbane, Darwin, Houston and Louisiana, and has annual... 

African Utility Week returns to Cape Town in May and showcases how community scale projects are the continent’s energy future

     18th January 2017 Expo and conference to focus on major industry trends “The power and energy landscape in Africa is undergoing significant change” says Evan Schiff, African Utility Week event director, adding that current trends include “the availability of private investment for power and energy projects, the... 

Coal and gas help to boost Qld exports by A$1.6bn

By: Esmarie Swanepoel     10th January 2017 Queensland’s overseas merchandise exports in the 12 months to November have increased by A$1.6-billion, on the back of significant increases in the value of hard coking coal and liquefied natural gas (LNG) exports. Acting Treasurer Bill Byrne said on Tuesday that the increase represented a 12.4%... 

Record resource and energy export earnings forecast for Australia

By: Esmarie Swanepoel     9th January 2017 Australia expects its resource and energy export earnings to increase by 30% to a record A$204-billion in 2016/17 on the back of higher export volumes and earnings as the mining boom continues to transition from the construction phase to the production phase. In its latest ‘Resources and Energy... 

Gorgon liquefied natural gas project, Australia

By: Sheila Barradas     15th December 2016 The Gorgon liquefied natural gas project has started domestic gas supplies to the Western Australian market. 

Liquefied natural gas regasification terminal, Côte d'Ivoire

By: Sheila Barradas     15th December 2016 The project involves the construction and operation of a liquefied natural gas regasification terminal, with a capacity of three-million tons a year.  

New gas projects will be economical – Aurecon  

By: Victor Moolman     15th December 2016 With two major gas-to-power projects under way in the country, consulting company Aurecon believes that the two, possibly three, gas power stations associated with the projects can be economical as existing infrastructure can be used to support them. 

Prelude floating liquefied natural gas project, Australia

By: Sheila Barradas     15th December 2016 JGC Corporation has received an order for the construction management and completion support services for the project. 

Boost for Western Australia as Gorgon starts supplying first customers

By: Esmarie Swanepoel     9th December 2016 The $54-billion Gorgon liquefied natural gas (LNG) project, on Barrow Island off the coast of Western Australia, has started domestic gas supplies to the Western Australian market. US energy major Chevron on Friday reported that an initial 150 TJ/d of gas was being supplied to foundation... 

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... 

Continued gas development needed to keep WA market well supplied

By: Esmarie Swanepoel     8th December 2016 Western Australia’s domestic gas market is expected to be well supplied over the next ten years, if gas reserves continue to be developed. “Growth in domestic gas demand is forecast to be a marginal 0.1% over the outlook period, as there are only a handful of large gas consumers that are expected... 

Oil & Gas Experts to Meet in Maputo in January

     7th December 2016 The Infra-Gas Projects Mozambique Summit will take place on the 31 January 2017 at the Radisson Blu Maputo Conference Centre. The event will be officially opened by Confederação das Associações Económicas de Moçambique, Ministério de Recursos Minerais e Energia and Ministério da Indústria e... 

Gas technology group makes case for flexibility as South Africa mulls power road map 

By: Terence Creamer     7th December 2016 Leading gas-engine technology provider Wärtsilä has started making the case for greater flexibility within South Africa's evolving electricity supply industry, as well as within the gas-to-power subsector itself, as the country seeks comment on its future electricity road map. The Finnish group,... 

Origin to divest of upstream business, IPO planned for midcap explorer and producer

By: Esmarie Swanepoel     6th December 2016 Australian energy major Origin Energy has unveiled plans to focus on its energy market business by spinning out its conventional upstream business. The company told shareholders on Tuesday that the new company, which would be subject to an initial public offering (IPO), would include the Otway... 

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