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Topic - Oil And Gas Exploration
Mar 30, 2016
Explorer Emerald Resources would suspend share trading at the end of March as the company shifted its focus from US oil and gas exploration to gold exploration. ASX-listed Emerald on Wednesday announced that it had signed a farm-in and joint venture (JV) agreement...
Mar 09, 2016
A new report has found that the collapse in global oil prices over the past 12 months is now officially decimating oil and gas exploration activity in Australia – the lifeblood of feedstock for existing and future oil and gas projects. And despite gas and petroleum...
Mar 08, 2016
Economic Development Minister Ebrahim Patel
With the expansive development of infrastructure keeping South Africa above the recessionary threshold, Economic Development Minister Ebrahim Patel on Tuesday said more major projects would be announced soon as government aimed to maintain the “extraordinary...
Mar 08, 2016
Mining giant BHP Billiton’s new president of operations for its Minerals Australia division, Mike Henry, has been cautious to predict the fallout of the company’s recent restructuring on employee numbers. BHP on Tuesday axed 290 jobs from its Mount Arthur coal mine,...
Feb 26, 2016
The South African government’s planned R9.2-billion investment to develop Saldanha Bay into a world-class hub for Southern Africa offshore oil and gas drilling will create substantial opportunities for companies operating in the sector. As such, the Oil & Gas Africa...
Feb 17, 2016
The current low oil price environment will become the “new normal” with no end in sight in the downward trend; however, oil-importing African countries were not benefiting on the back of contracted budgets and unstable currencies. This emerged on Wednesday during a...
Feb 12, 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...
Feb 12, 2016
JOHN THOMSON The focus on training at the CIS will provide useful networking platforms for employers, government, training organisations and other stakeholders
Having identified the lack of training opportunities as a rising concern in the oil industry, the biennial Cape Industries Showcase (CIS), scheduled to take place from July 13 to 15 at the Cape Town International Convention Centre, will focus on skills development...
Feb 09, 2016
Feb 03, 2016
Jan 29, 2016
Jan 11, 2016
Dec 03, 2015
India’s Finance Ministry has shot down a proposal for free pricing on natural gas on the grounds that the domestic market is not yet ready for such a regime. The decision has effectively derailed the Oil and Natural Gas Ministry’s move to partially dismantle the...
Dec 01, 2015
A policy blueprint drawn up by India's Department of Public Enterprises (DPE) has proposed that cash-rich public sector companies set up joint ventures (JVs) in capital scarce African nations, particularly in the natural resources, infrastructure and allied...
Nov 23, 2015
The Indian government has called upon domestic mineral and mining companies to step up the acquisition of overseas assets, again showing up strategic differences between public and private companies. Addressing representatives from the sector, India’s junior Steel...
Nov 18, 2015
Foreign and domestic oil and gas exploration and production (E&P) majors operating in India have sought concessions on taxes applicable to the production of crude oil, in view of the global slump in prices. In a communication to the Petroleum and Natural Gas...
Oct 30, 2015
With the current oil price hovering at $50/bl, governments will come under increasing pressure to entice investors not to put their oil and gas exploration and production projects on hold, says Martin Kavanagh, partner in global law firm Herbert Smith Freehills,...
Oct 28, 2015
Indian oil and gas exploration and production (E&P) major ONGC will invest an additional $400-million in two coal-bed methane (CBM) blocks to allow for production to start next year. An official involved in the project said ONGC had decided to increase its capital...
Oct 19, 2015
The Department of Environmental Affairs has issued an environmental authorisation for Shell South Africa Upstream BV’s proposed exploration drilling in the Orange Basin Deep Water Licence Area, off South Africa’s west coast. This gives Shell permission to drill up to...
Oct 16, 2015
Linear and rotary position sensors company Alliance Sensors Group (ASG) announced its partnership in May with electronics distributor Component Distributors to distribute the group’s in-cylinder linear variable inductive transducer (LVIT) position sensors in North...
Oct 12, 2015
While the pipeline of infrastructure projects promised under government’s National Development Plan remains largely elusive, the country’s housing and human settlements sector is emerging as a key market pillar of the consulting engineering sector, providing around...
Oct 07, 2015
Ahead of the India–Africa Forum Summit to be held in Delhi later this month, the Indian government has directed national oil companies to start implementing a roadmap for increased investments in oil and gas assets on the African continent. Oil diplomacy, aimed at...
Oct 05, 2015
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
Sep 18, 2015
LIZEL OBERHOLZER A balance needs to be struck between the creation of an investor-friendly environment and securing appropriate benefits for South Africa
President Jacob Zuma held a report-back meeting on government’s Operation Phakisa initiative, which focused on the maritime and oil and gas sectors, in Pretoria, last month.
Aug 31, 2015
A consortium of Indian oil and gas exploration and production (E&P) companies, led by ONGC Videsh, has submitted a revised development plan for the Faizad-B gasfield in Iran. While details of the new development plan were not readily available, a senior ONGC Videsh...
Aug 27, 2015
Aug 20, 2015
Aug 14, 2015
BETTER BUILDING PRACTICES Saisc offers training courses to improve the workmanship of its members
Steel construction industry promoter  the Southern African Institute of Steel Construction (Saisc) believes its renewed strategic focus involving increasing its presence in the rest of the African continent will help the local steel construction industry survive the...
Aug 14, 2015
EFFECTIVE CLADDING Hydra-Arc considers weld cladding to be the most robust and durable form of cladding
Stakeholders in the petrochemicals industry are reaping the benefits of using welding specialist Hydra-Arc’s method of weld cladding, as it enables vessels to contain corrosive material. Hydra-Arc engineer Ewan Huisamen tells Engineering News that weld cladding is...
Aug 13, 2015
Aug 12, 2015
India will put nine oil and gas blocks up for auction before the end of the current fiscal year and will transition from production-sharing contracts (PSCs) to revenue-sharing agreements (RSAs) with successful bidders. According to a senior government official, the...
Aug 05, 2015
The uncertain regulatory framework for oil and gas exploration and development in South Africa was likely to result in delays to the development of offshore and unconventional “frontier” projects, particularly in light of the depressed pricing environment, PWC’s...
Jul 31, 2015
OPERATOR SAFETY NO.1 The Slogging Hammer is significantly safer than the traditional method of using a wrench and sledgehammer to remove nuts and bolts
Nuts and bolts loosening, tightening and torqueing solutions developer Slogging International’s Slogging Hammer is currently undergoing on-site trials at a railway project for a West African oil and gas exploration company. If these trials prove to be successful,...
Jul 22, 2015
Aimed at leveraging South Africa’s strategic location and extensive coastline, Operation Phakisa will place at its centre the accelerated growth of the country’s marine transport and manufacturing (MTM) sector, which government believes can contribute up to...
Jul 16, 2015
Indian oil and gas exploration and production (E&P) majors were banking on some “smart diplomacy” and a “consortium approach” to re-enter Iran in the face of increased global competition, post a nuclear deal and the lifting of sanctions. According to an official...
Jul 07, 2015
Ingeborg McNicoll, a Partner with Environmental Resources Management leading marine environmental services and specialising in the oil and gas sector has transferred to ERM Sub-Saharan Africa and will be based in Cape Town. As ERM’s global marine leader she brings 30...
Jul 03, 2015
TSX-V- and ASX-listed Strata-X Energy has appointment Greg Hancock as a nonexecutive director effective immediately, following the resignation of Don Schurman on Wednesday. Strata-X president Tim Hoops said on Thursday that Hancock’s extensive knowledge of corporate...
Jun 19, 2015
Erin Energy Corporation announced today it has commenced production from the Oyo-7 well (“Oyo-7”) located in OML 120 offshore Nigeria. Erin Energy is the operator of the Oyo field and has a 100% interest in the block. Oyo-7 was drilled to a total depth of...
Jun 08, 2015
South Africa’s oceans have the potential to unlock the country’s economic development opportunities, said Environmental Affairs deputy Minister Barbara Thomson. “We thus need to develop a proactive approach to understand our oceans capacity and role to ensure...
Mar 12, 2015
Skills development in the maritime sector, to support growth in South Africa’s “blue economy”, will be the focus when the Department of Higher Education and Training convenes a panel of experts to advise it on education, skills development, research and innovation in...
Mar 04, 2015
TSX-listed Oando Energy Resources (OER) announced a $238-million prepayment of certain loan facilities, which it used for the $1.5-billion acquisition of the ConocoPhillips Nigerian Oil & Gas Business in July 2014. The company, which is focused on oil and gas...
Mar 03, 2015
India is likely to shift to a new oil and gas exploration and production licensing regime as the auction process adopted fails to live up to expectations. The New Exploration and Licensing Policy’s (NELP's) tenth round would be the last under which the government...
Mar 02, 2015
Dual-listed Randgold Resources has appointed Safiatou Francoise Ba-N'Daw as an independent nonexecutive director with effect from March 1. Ba-N’Daw was educated in Côte d’Ivoire, France and the US and she holds an MBA from Harvard University.
Feb 27, 2015
Tenders are being prepared for the Saldanha oil-services hub roll-out in the deep-water Port of Saldanha.
Feb 10, 2015
Burgan Cape Terminals’ development and construction of an independently owned and operated liquid fuels storage and distribution facility in the Port of Cape Town has been deemed a strategic Operation Phakisa project. Operation Phakisa, officially launched in October...
Jan 30, 2015
GAS PRODUCT The gas industry produces industrial products, like gas condensates and urea fertiliser, which increase the investment return and attractiveness of gas projects
The once-promising notion that gas was soon to become a game- changer in Africa seems unlikely to happen in the near future, owing to the negative impact of the low oil price on the industry, says growth consulting firm Frost & Sullivan. “A preliminary assessment of...
Jan 26, 2015
Tenders are being prepared for two major oil-services infrastructure projects, collectively valued at around R10-billion, for the deep-water Port of Saldanha, on South Africa’s west coast. The developments are being packaged as build, own, operate and transfer...
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