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BP signs up for PNG LNG

By: Esmarie Swanepoel     17th August 2018 The joint venture partners of the Papua New Guinea liquefied natural gas (PNG LNG) project have entered into a mid-term LNG sales and purchase agreement with BP Singapore. Under the terms of the agreement, BP will be supplied with around 0.45-million tonnes of LNG a year over an initial... 

Origin swings to profit

By: Esmarie Swanepoel     16th August 2018 Energy major Origin Energy has swung into profit for the financial year ended June, following a full year of operations from both the liquefied natural gas (LNG) trains at its Australia Pacific LNG operation, as well as higher commodity prices. Statutory profit for the full year to June was... 

Woodside posts A$541m half-year profit

By: Esmarie Swanepoel     15th August 2018 Oil and gas producer Woodside has reported an interim net profit after tax of A$541-million for the six months to June, with operating cash flows for the period up by 25% on the first half of 2017. Woodside said on Wednesday that the increased operating cash flows was driven by higher production... 

Santos expands drilling in Cooper basin

By: Esmarie Swanepoel     13th August 2018 Oil and gas major Santos has started operation of a fourth rig in the Cooper Basin, as part of a drive to produce more natural gas to supply the east coast domestic market. The company on Monday said that the rig will drill eight wells by the end of this year, starting with the Big Lake field,... 

Lithium and copper tipped as major Australian export drivers

By: Esmarie Swanepoel     13th August 2018 The Reserve Bank of Australia (RBA) has tipped lithium and copper to be the major drivers for commodity exports in Australia, in the next few years. In its August Statement on Monetary Policy, the RBA noted that mineral exploration and mining activity for commodities used in the rechargeable... 

Billionaire's huge Nigerian oil refinery likely delayed until 2022 – sources

By: Reuters     10th August 2018 A huge oil refinery being built in Nigeria by Africa's richest man is unlikely to start production until 2022, two years later than the target date, sources with direct knowledge of the matter said. The 650 000 bbl/d refinery near Lagos, set to be Africa's biggest, is expected to boost Nigeria's... 

Do-it-yourself works for Pratley as it turns 70

By: Schalk Burger     10th August 2018 Full control over raw-material sources, production and packaging, as well as the in-house expertise that this stimulates, enables the Pratley group of companies to develop innovative products, ensure quality control and grow, says Pratley CEO Kim Pratley. The company, which produces a well-known... 

JRA reopens expanded asphalt plant to better meet city’s infrastructure needs

By: Simone Liedtke     8th August 2018 As part of its commitment to bringing real change to communities, the Johannesburg Road Agency (JRA) on Wednesday relaunched its asphalt plant, in Ophirton, Johannesburg. The plant, which was first built in 1965, had to be refurbished to ensure it meets air quality requirements. 

Santos taps possible PNG LNG source

By: Esmarie Swanepoel     8th August 2018 Australian oil and gas major Santos on Wednesday reported that drilling at its Barikewa-3 well, in Papua New Guinea (PNG), has confirmed that there was significant natural gas resource close to the PNG liquefied natural gas (LNG) project infrastructure, which could still be developed. The well... 

Tanzania wants to build pipeline to pump gas to Uganda

By: Reuters     6th August 2018 Tanzania wants to build a pipeline to pump natural gas to neighbouring Uganda, another step in the two countries' bid to expand energy cooperation. State-run Tanzania Petroleum Development Corporation (TPDC) said on Monday that the pipeline would start from its capital Dar es Salaam, then pass... 

Ichthys liquefied natural gas project, Australia

By: Sheila Barradas     3rd August 2018 The first offshore production well has started. 

Gas industry pushes for further easing of restrictions to boost supply

By: Esmarie Swanepoel     2nd August 2018 The resources industry has called for a further easing of restrictions on the gas industry to ensure the development of more supply, according to the Australian Competition and Consumer Commission’s (ACCC’s) latest Gas Market Inquiry report. The ACCC said on Thursday that while conditions on the... 

Resources continue to drive Australian exports

By: Esmarie Swanepoel     2nd August 2018 New data from the Australian Bureau of Statistics (ABS) has shown that the resources sector is still driving the economy. The ABS on Thursday reported that Australia’s exports of goods and services surpassed A$400-billion for the first time in 2017/18, owing mainly to growth in resources... 

CSIRO starts gas monitoring in NT

By: Esmarie Swanepoel     1st August 2018 The Australian Petroleum Production and Exploration Association (Appea) has welcomed an announcement by the Northern Territory government that the Commonwealth Scientific and Industrial Research Organisation (CSIRO) has started work to monitor landscape methane concentrations in the Beetaloo... 

APLNG supports Origin earnings

By: Esmarie Swanepoel     31st July 2018 The Australia Pacific liquefied natural gas (APLGN) project has driven production and revenues for ASX-listed Origin Energy during the three months to June. “APLNG continues to perform well and is making an increasingly important contribution to Origin,” CEO Frank Calabria said on Tuesday. 

India to shift to revenue sharing contracts at oilfields auction next month

By: Ajoy K Das     30th July 2018 KIndia will usher in a shift to revenue-sharing contracts and scrap production sharing contracts (PSCs) when the government auctions 60 discovered small oilfields next month. The government will put up for auction 22 fields owned by national oil exploration and production (E&P) major ONGC, five... 

Natural gas vital for S Africa’s energy security

By: Melissa Zisengwe     27th July 2018 The energy sector’s global and inclusive forum for engagement, the Energy Council, believes that South Africa’s Gas-to-Power programme is vital to ensuring energy security for the country. Consequently, the Energy Council regularly engages with the Department of Energy (DoE) to see how the... 

Price of electricity affects local gas-to-power projects

By: Melissa Zisengwe     27th July 2018 One of the biggest challenges of implementing gas-to-power projects in South Africa is the volatility of the natural gas price, compared with that of electricity, says consultancy firm WSP Africa generation and power regional director Martin Mkhabela. This volatility is caused by the pricing... 

Europe to become 'massive' buyer of US LNG, Trump says

By: Bloomberg     25th July 2018 Europe will build more terminals to import US liquefied natural gas, the head of the European Commission told US President Donald Trump during a meeting aimed at averting a transatlantic trade war. “They want very much to do that, and we have plenty of it,” Trump said, referring to the US shale... 

The natural gas revolution in South Africa: A changing energy landscape

By: Creamer Media Reporter      24th July 2018 Recent on- and off-shore discoveries of globally significant quantities of natural gas in Southern Africa – including trillions of cubic metres of natural gas in the Rovuma Basin off the Mozambique coast, the biggest global find of natural gas in decades – represent a new dawn for the region’s... 

Egypt hikes gas prices by up to 75% in IMF-backed austerity plan

By: Reuters     23rd July 2018 Egypt said on Saturday it was raising the price of natural gas for home and commercial use by up to 75%, the latest move in an IMF-backed austerity programme that has left many Egyptians struggling to make ends meet. The increases follow hikes to fuel, electricity and public transport prices that... 

PNG LNG signs mid-term offtake

By: Esmarie Swanepoel     20th July 2018 The Papua New Guinea liquefied natural gas (PNGG LNG) project partners have entered into a mid-term LNG sale and purchase agreement with Hong Kong-based PetroChina International Corporation. Under the agreement, the PNG LNG project will supply some 0.45-million tonnes of LNG a year over a... 

Uranium tariffs threaten nuclear plants Trump is trying to save

By: Bloomberg     20th July 2018 The Trump administration’s decision to consider tariffs on uranium imports may raise the cost of fuel for nuclear reactors and undermine a separate initiative to shore up struggling electricity generators. The Commerce Department said Wednesday it will probe whether uranium imports “threaten to... 

Commodity contagion spreads as raw material crash threatens calm

By: Bloomberg     19th July 2018 Don’t be fooled by the relative calm across financial markets: The inputs in the global supply chain are flashing warning signs. Commodities have tumbled into correction territory Thursday, sliding again in the face of the resurgent dollar and lingering global trade tensions. Among the recent... 

Woodside production on the up

By: Esmarie Swanepoel     19th July 2018 ASX-listed Woodside Petroleum has reported increased production with the start of the second liquefied natural gas (LNG) train from the Chevron-operated Wheatstone operation. Production during the three months to June reached 22-million barrels of oil equivalent, up from the 20.7-million barrels... 

Higher prices drive Santos revenue

By: Esmarie Swanepoel     19th July 2018 Oil and gas major Santos has reported a 16% increase in sales revenue for the first half of 2018, compared with the previous corresponding period, on the back of stronger commodity prices and higher oil sales. Santos on Thursday reported that production during the first half of the year declined... 

Total’s acquisition of Engie LNG portfolio closes

By: Marleny Arnoldi     13th July 2018 Petroleum giant Total’s acquisition of Engie’s portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.5-billion, has closed.  

Mozambique moves closer to becoming LNG producer

By: Bloomberg     13th July 2018 Mozambique moved a few steps closer to becoming a player on the fast-growing global market for liquefied natural gas, eight years after the first major deep-water discovery there. The development of hydrocarbon resources is crucial for the southern African country, which has struggled this year... 

Temane gas-fired power plant, Mozambique

By: Sheila Barradas     13th July 2018 Electricidade de Moçambique and Sasol New Energy Holdings plan to supply low-cost, reliable power through the construction of a 400 MW gas-fired power plant in Inhambane. 

Hurting for buyers, US coal miners are learning to love India

By: Bloomberg     12th July 2018 The big bright spot for US coal miners is located halfway around the world. India almost tripled its imports of the rock from America in the first quarter from a year earlier, helping fuel its fast-growing economy and making it the largest foreign buyer of US coal, according to the US Energy... 

Indian govt likely to backtrack on splitting GAIL

By: Ajoy K Das     29th June 2018 In an apparent reversal of its earlier plans, the Indian government is toying with a proposal to create more independent verticals within gas infrastructure major, GAIL India, instead of splitting the company. According to indications available, the government is to accede to demands of GAIL and... 

Radebe says labour cannot be 'left behind' in energy transition 

By: Terence Creamer     29th June 2018 Energy Minister Jeff Radebe urged business to support government in ensuring that South Africa’s energy transition is a “just” one for labour, especially those operating in the coal-mining sector. In an engagement on Friday with business leaders in Johannesburg, following a meeting of the energy... 

Cleaner, safer fuel on display at expo

By: Halima Frost     29th June 2018 Natural gas supplier CNG Holdings hopes to educate the private sector and original-equipment manufacturers about the benefits of alternative fuels during the TruckX Expo, to be held at the Kyalami International Grand Prix Circuit and Conference Centre on July 11 and 12. “Compressed natural gas... 

Port Kembla liquefied natural gas import terminal, Australia

By: Sheila Barradas     29th June 2018 Australian Industrial Energy plans to build a liquefied natural gas import terminal with the ability to supply more than 100 PJ/y of natural gas. 

South Africa calls for expanded Brics cooperation on energy transition

By: Terence Creamer     28th June 2018 South Africa is proposing that the Brics bloc of Brazil, Russia, India, China and South Africa extends the scope of its energy cooperation beyond that of energy savings and energy efficiency to include a range of other issues, arising as a result of the “global energy transition”. In an address... 

BM Foods Leads Innovation In ‘Green’ Refrigeration Technique

27th June 2018 BM Foods, holding company of the much-loved South African food brand, Mediterranean Delicacies, is the first food manufacturing company in the South African market to use a CO2 driven refrigeration system in their new, state of the art Cape Town factory. The benefits of using CO2 is that it... 

IEA sees gas demand growth of 1.6% a year, China to become largest importer

By: Esmarie Swanepoel     27th June 2018 A new report by the International Energy Agency (IEA) has shown that global gas demand will grow at an average rate of 1.6% a year, reaching just more than 4.1-trillion cubic metres in 2023. This forecast compares with demand of 3.74-tillion cubic metres in 2017, the IEA noted in its ‘Gas 2018’... 

AEP to acquire East African energy firm

By: Marleny Arnoldi     26th June 2018 Clean energy company AEP Energy Africa has entered into a purchase agreement with First Independent Power, in Kenya, and Global Power Generation Sociedad Anónima to acquire 100% of East African company IberAfrica Power for $61-million, or R835-million. IberAfrica owns and operates the 103 MW... 

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