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Mitsubishi says it may sell stakes in Australia thermal coal mines

By: Reuters     22nd March 2017 Japanese trading company Mitsubishi Corp may sell stakes in Australia thermal coal mines as it presses on with a switch to core assets such as coking coal after slumping to its first-ever annual loss last year, a spokesman said on Wednesday. The Nikkei business daily reported earlier on... 

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... 

Exxon to buy stake in gas block offshore Mozambique for $2.8bn

By: Reuters     9th March 2017 Exxon Mobil Corp said on Thursday it would buy a 25% stake in a natural gas-rich block, offshore Mozambique, from Italy's Eni for $2.8-billion in cash. The offshore gas reserves discovered by Eni in Mozambique are large enough to need a giant liquefied natural gas (LNG) export plant. 

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... 

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%... 

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