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Topic - Oil And Gas Exploration
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...
Jan 19, 2015
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Nov 14, 2014
Nov 04, 2014
Oct 15, 2014
Oct 03, 2014
Oct 03, 2014
South Africa is currently exploring ways to extract greater economic value from the so-called ‘oceans economy’ as part of the broader ‘Operation Phakisa’, which is being initiated in an effort to find ways to kick-start sluggish gross domestic product (GDP) growth...
Sep 08, 2014
Oil and gas exploration and production company Camac Energy’s wholly-owned subsidiary Camac Petroleum has entered into a five-year $100-million credit facility to enable it to further expand and develop its Nigerian offshore assets, including the Oyo field, the...
Aug 27, 2014
Interest in oil and gas exploration off South Africa’s coast has, in the past four years, accelerated to such an extent that nearly all the country’s offshore exploration blocks are under licence or under application for exploration by independent companies,...
Aug 11, 2014
JSE- and NYSE-listed Camac Energy on Monday announced that its $270-million private placement with the South African Public Investment Corporation (PIC) has been completed. Last year, Camac entered into a definitive agreement with the PIC for the equity investment...
Jul 23, 2014
Grasberg, Indonesia
US diversified miner Freeport-McMoRan on Wednesday reported improved revenues for the three months ended June 30, as the company’s diversification into oil and gas exploration and production was paying off. The Phoenix, Arizona-based global miner said revenues were...
Jul 21, 2014
Energy Minister Tina Joemat-Pettersson
Energy Minister Tina Joemat-Pettersson placed significant emphasis on the development of gas, including shale gas, and nuclear in her inaugural Energy Budget Vote to lawmakers in Cape Town on Monday. In an address framed by President Jacob Zuma’s State of the Nation...
Jul 21, 2014
President Jacob Zuma on Saturday announced plans to explore parts of the ocean to find economic potential that could contribute to the country's gross domestic product. "Four priority sectors have been selected as new growth areas in the ocean economy, with the...
Jun 26, 2014
A one-day conference focusing on opportunities in the Sub-Saharan African oil and gas industry will take place alongside next week’s Oil & Gas Africa 2014 expo, on 2 July 2014 at the Cape Town International Convention Centre. Oil & Gas Africa is a component...
Jun 20, 2014
The South Australian government would invest some A$40-million in the resources sector, State Treasurer Tom Koutsantonis announced this week. Over the next three years A$32.2-million would be spent on a new State Drill Core library and A$4-million has been...
May 30, 2014
Indian oil and gas exploration and production (E&P) major ONGC Limited will be investing $1.1-billion over the next three years to rejuvenate its ageing Mumbai High offshore reserves on the Arabian Sea. The third phase redevelopment of Mumbai High offshore blocks...
May 09, 2014
DURBAN AERIAL VIEW Elgin Brown & Hamer South Africa offers a full in-house service in all aspects of ship repair
Ship repair company Elgin Brown & Hamer South Africa (EBH SA), a division of heavy engineering group DCD Marine, says it is well positioned to service Southern Africa’s burgeoning offshore oil and gas sector and the increasing number of large cargo vessels that...
May 08, 2014
As Camac Energy progresses its interests in Nigeria, Ghana and Kenya, the dual-listed group plans to implement the drilling of its first offshore exploration well in Gambia in 2016. Frontier exploration activities are also continuing offshore Gambia on Blocks A2 and...
May 08, 2014
Johannesburg- and New York-listed Camac Energy has been given the go-ahead to evaluate, over the next nine months, the economic feasibility of developing three discovered oil and gas fields, 15 km to 35 km offshore Ghana. The Africa-focused independent oil and gas...
May 02, 2014
American oil and gas exploration and development company Anadarko, which confirmed a halt to its exploration spending in South Africa as a result of legislative uncertainties, says it will work with the South African government to gain clarity on its new petroleum...
May 02, 2014
Nigeria-focused oil and gas exploration and production company Oando Energy Resources (OER) on Friday announced that the outside date for the completion of its acquisition of multinational energy corporation ConocoPhillips’ Nigerian upstream oil and gas business had...
Mar 26, 2014
Independent oil and gas exploration and production company Camac Energy on Wednesday announced that the Parliament of Ghana had ratified an agreement, between the government of Ghana, Camac Energy Ghana, the Ghana National Petroleum Corporation (GNPC), Base Energy...
Mar 24, 2014
As a result of the growing global interest in the concept of the blue economy and the use of oceans to unlock potential, South Africa is developing a blue economy strategy, the Department of Environmental Affairs (DEA) said last week. As part of this process,...
Mar 21, 2014
In his State of the Nation Address last month, President Jacob Zuma reiterated government’s belief that hydraulic fracturing (fracking) would be a game changer for the South African economy, while Mineral Resources Minister Susan Shabangu announced in January that...
Mar 17, 2014
Independent oil and gas exploration and production company Camac Energy reported a net loss of $15.9-million, or $0.04 a basic and diluted share, for the full year ended December 31, 2013, on the back of lower crude oil sales. The loss came as the New York-listed...
Feb 24, 2014
Feb 24, 2014
Interest in oil and gas exploration, both offshore and onshore, in South Africa is set to spike over the next five years, with improvements in technology and a need for an alternative to the unstable Middle East providing more opportunities locally, says Petroleum...
Feb 11, 2014
Namibian power utility Nampower and Zambian private power utility Copperbelt Energy Corporation (CEC), last week signed a joint development agreement and a power export agreement for the Kudu power project, in Namibia. Kudu would be the first large power station to...
Jan 21, 2014
ASX-listed junior Heemskirk Consolidated has signed a sales agreement with Marquis Alliance Energy Group to sell its Lethbridge mineral plant, in Canada, for C$12-million. The company said on Tuesday that the sale was in line with its strategy to focus on the...
Nov 21, 2013
India’s Petroleum and Natural Gas Ministry, which was planning to auction oil and gas blocks in January 2014, was working to offer environmental and security clearances for these blocks prior to inviting bids. Given that exploration work on some 75 oil and gas...
Nov 20, 2013
A Chinese-owned liquefied natural gas (LNG) distributor on Tuesday revealed plans to build, own and operate two LNG liquefaction plants in Western Canada, strategically located to service the on-road trucking market and other high-horsepower applications, including...
Nov 06, 2013
Creamer Media’s 2013 Liquid Fuels electronic research report examines South Africa’s liquid fuels market, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel...
Oct 31, 2013
Saldanha Bay LPG terminal
The launch of the Saldanha Bay industrial development zone (IDZ) by President Jacob Zuma on Thursday signalled a new era for the development of an oil and gas servicing and repair hub in the Western Cape. The newly established IDZ was strategically located to serve...
Oct 23, 2013
Indian major Coal India Limited (CIL) was unlikely to secure the rights to coal bed methane (CBM) extractions on any of its tenement areas. According to a decision taken by the Petroleum and Natural Gas Ministry, if CIL were to enter CBM development, the company...
Sep 06, 2013
Mechanical-seals manufacturer AESSEALS is supplying four seals, worth R500 000, to concessionaire for oil and gas exploration on the subsoil and continental shelf of Angola, Sonangol. AESSEAL MD Rob Waites tells Engineering News that the company first started working...
Sep 03, 2013
Water and Environmental Affairs Minister Edna Molewa on Tuesday announced that companies wanting to use hydraulic fracturing, or fracking, to explore for shale gas in the Karoo would require a water use licence. The Minister gazetted a notice of intent to declare...
Mar 22, 2013
A recently developed membrane that is used to separate waste from water could become key in the treatment of pollutants ranging from acid mine drainage to oil-containing wastewater, as well as in processes ranging from desalination to kidney dialysis. The technology,...
Jan 30, 2013
Mining magnate Gina Rinehart was trying her hand at oil and gas exploration, by investing some A$4.25-million into ASX-listed Lakes Oil. Lakes Oil reported this week that it had issued notes worth A$6.3-million, which included A$4.25-million from a wholly owned...
Jun 01, 2012
Malawi’s Geological Survey Department (GSD) says investigations continue to unveil increased potential for the discovery of hydrocarbons in Lake Malawi and the lower Shire valley.
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