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Greens apply for drilling ban in Great Australian Bight

By: Esmarie Swanepoel     15th September 2016 The Australian Petroleum Production and Exploration Association (Appea) has warned that banning oil and gas exploration in the Great Australian Bight could potentially increase Australia’s reliance on imported oil and deprive South Australia of much-needed new investment and jobs while delivering... 

Rising unrest in Venezuela dims India's hopes of recovering dues

By: Ajoy K Das     7th September 2016 India’s hopes of recovering an estimated $600-million to $700-million from Venezuela on behalf of its oil industry have dimmed following the social and economic unrest in the Latin American country. Even India's proposal to offset the dues against oil imports from that country has not received... 

Exploration investment tumbles in June quarter

By: Esmarie Swanepoel     5th September 2016 The Australian Petroleum Production and Exploration Association (Appea) has said that the latest data by the Australian Bureau of Statistics (ABS), into exploration expenditure, was an ‘urgent’ wake-up call for both government and the industry. The ABS on Monday revealed that total mineral... 

Indo-Russia Summit expected to fast-track mining, hydrocarbon collaboration projects

By: Ajoy K Das     26th August 2016 The forthcoming yearly Indo-Russia Summit, in October, is expected to lay down the framework for scaling up bilateral engagements in the mining, energy and hydrocarbon sectors, wherein mega marquee investments have already been put on the anvil. While the bilateral agreements up for discussion... 

Hydrocarbon policy requires private Indian CBM firms to apply for new licences

By: Ajoy K Das     12th August 2016 In a blow to existing private companies operating coal blocks exclusively for coalbed methane (CBM), they would have to seek fresh licences from the Indian government under the newly unveiled Hydrocarbon Exploration and Licensing Policy (Help). In a clarification to a Parliamentary committee, the... 

India likely to tweak model revenue sharing contracts before next oil, gas auctions

By: Ajoy K Das     28th June 2016 The Indian government is ready to tweak the model revenue sharing contract between it and oil and gas exploration (E&P) companies, before putting up more blocks for auction under the newly unveiled Hydrocarbon Exploration Licensing Policy (HELP) next year. According to an official in the... 

TMK’s Seversky Tube Works orders from SMS group heat treatment line for tubes

     9th June 2016 TMK’s subsidiary Seversky Tube Works, located in Polevskoy, Russia, has placed an order with SMS group www.sms-group.com for a heat treatment line for tubes and pipes. The plant produces seamless and welded pipe and tube mainly for oil and gas. With the installation of this line, TMK - one of the... 

Incentives must remain crucial part of SA’s industrial policy arsenal

By: Duane Newman     3rd June 2016 I was heartened to hear Trade and Industry Minister Dr Rob Davies confirming the importance of investment incentives when he unveiled the latest iteration of government’s Industrial Policy Action Plan (Ipap) earlier this month. 

Oil and gas discoveries at 64-year low as price slump hits exploration budgets

By: Creamer Media Reporter      24th May 2016 Conventional oil and gas discoveries outside North America have fallen to the lowest level since 1952, with recoverable resources of only 12-billion barrels of oil equivalent having been discovered in 2015. Analysis from NYSE-listed IHS, which was published on Tuesday, showed that the volume of... 

Emerald takes a new direction with Cambodia gold JV

By: Esmarie Swanepoel     30th March 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 with fellow-listed Renaissance... 

Oil-Gas Exploration Rates Hit Decade Record Lows On Back Of Oil Price Collapse

     9th March 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 annual production hitting... 

S Africa’s ‘R1bn a day’ infrastructure spend to be maintained 

By: Natasha Odendaal     8th March 2016 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 spending” undertaken in “tough times”.... 

New BHP Australia operations boss not expecting mass job losses

By: Esmarie Swanepoel     8th March 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, in New South Wales, as the... 

Oil conference to explore Saldanha Bay IDZ opportunities

By: David Oliveira     26th February 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 (OGAF) 2016 expo forms an... 

$60/bl oil price the ‘new normal’, but Africa is not benefiting

By: Natasha Odendaal     17th February 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 panel discussion at the Africa... 

Science department, offshore oil industry set up joint research forum

By: Keith Campbell     12th February 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 Africa (Opasa). The launching... 

Skills development and blue economy prioritised at CIS 2016

By: Simon Sonnekus     12th February 2016 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 and training in the sector. 

OGAF Showcase for Oil & Gas Sector In SA

     9th February 2016 The Government’s planned investment of R9.2 billion to develop Saldanha Bay into a world-class hub for southern African offshore oil and gas drilling will create substantial opportunities for companies operating in the sector. The Oil & Gas Africa 2016 expo forms an effective services showcase... 

Renaissance finds partner for Cambondian project

By: Esmarie Swanepoel     3rd February 2016 ASX-listed junior Emerald Resources has entered into a memorandum of understanding (MoU) with fellow-listed Renaissance Minerals to earn a possible 51% interest in the Okvau gold project, in Cambodia. Under the terms of the agreement, Emerald would sole fund a definitive feasibility study on... 

DST and offshore oil industry set up new joint research forum

By: Keith Campbell     29th January 2016 The South African Marine Research and Exploration Forum (Samref) was launched on Friday 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 Africa (Opasa). The launching... 

India ratchets up diplomatic push to secure Iranian gas assets

By: Ajoy K Das     11th January 2016 ndia has initiated a diplomatic push to ensure its toe-hold in the Farzad-B Iranian gas field and to avoid retendering for the Persian Gulf asset. The diplomatic initiative to back ONGC Videsh Limited’s bid to develop the estimated 12.8-trillion cubic foot Farzad-B gas reserve was launched last... 

India shoots down free pricing regime for natural gas

By: Ajoy K Das     3rd December 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 current administered pricing... 

India proposes African investment sojourn for govt companies

By: Ajoy K Das     1st December 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 technology sectors. The note prepared... 

Foreign acquisition divides Indian private and public sector companies

By: Ajoy K Das     23rd November 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 and Mines Minister Vishnu Deo... 

E&P companies in India seek change in crude oil, gas production levy

By: Ajoy K Das     18th November 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 Ministry, E&P majors ONGC Limited,... 

Low oil price puts governments under pressure

By: Kim Cloete     30th October 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, which recently announced the... 

India’s ONGC to start coal-bed methane production next year

By: Ajoy K Das     28th October 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 expenditure on the Bokaro and... 

Shell gets nod to drill wells in SA's Orange basin 

By: News24Wire      19th October 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 two offshore exploration... 

Fluid sensor systems provider announces new distributor

     16th October 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 America. ASG’s LVIT in-cylinder... 

Housing emerging as key market for S African engineering sector

By: Natalie Greve     12th October 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 11% of the industry’s earnings... 

India to focus on oil diplomacy at India–Africa Summit Forum

By: Ajoy K Das     7th October 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 gaining greater access to oil... 

Creamer Media publishes Liquid Fuels 2015: A review of South Africa's liquid fuels sector research report

     5th October 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 environmental considerations, with a... 

Operation Phakisa is positive, but challenges remain

By: Sashnee Moodley     18th September 2015 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. 

Indian consortium submits fresh development plan for Iran gas block

By: Ajoy K Das     31st August 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 official indicated that it was... 

Resources Watch  

By: Creamer Media Reporter      27th August 2015 This week: Exxaro sets its sights on coal to revive its earnings. AngloGold harvesting its short-life mines. And, legislative changes to be supportive of offshore oil and gas drilling, says President Zuma. 

Waterfall Estate secures slice of key HQ market 

By: Creamer Media Reporter      20th August 2015 Providing capital growth fund Attacq with a 15-year project pipeline, the Waterfall City mixed-use development, in Midrand, has attracted a suite of corporates looking to consolidate their satellite centres into a single Gauteng foothold.  

Steel institute to increase presence in Africa

By: Bruce Montiea     14th August 2015 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 current trying economic... 

Weld-cladding services benefit petrochemicals industry

By: Bruce Montiea     14th August 2015 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 the most robust and durable form... 

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