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Topic - Oil And Gas Industry
Apr 18, 2014
RODNEY YOUNG Being local provides absolute control over the quality of our output and the level of our customer service
Lifting and hoisting specialist company Kelmeg Lifting Services (KLS) reports that it has prioritised the development of its range of existing products, in an effort to supply the market with its best possible offering.
Apr 07, 2014
Advisory firm PricewaterhouseCoopers (PwC) on Monday reported that Australia’s oil and gas industry was lagging its global counterparts in critical capabilities, but noted that a renewed focus on upstream activity, including the adoption of lean manufacturing...
Apr 07, 2014
Colin Barnett
Western Australian premier Colin Barnett on Monday reprimanded the oil and gas industry for taking its relationships with the state and federal governments for granted. Speaking at the first day of the Australian Petroleum Production and Exploration Association...
Apr 07, 2014
Despite the numerous challenges facing the Australian oil and gas industry, the sector would remain one of the economy’s shining lights, Australian Petroleum Production and Exploration Association (Appea) chairperson Rob Cole said on Monday. Speaking at the Appea...
Apr 02, 2014
Cape Town-based CNC machinery manufacturer Uni-Cam SA has staked its claim at the Oil & Gas Africa 2014 expo to display its new range of Computer Numerical Control cutting machines, including several new heavy-duty industrial routers. The show takes place from 2 to 4...
Mar 28, 2014
The National Council of Provinces (NCOP) on Thursday approved the Minerals and Petroleum Resources Development Act (MPRDA) Amendment Bill, clearing it to be signed into law by President Jacob Zuma. The controversial Bill which had been creating concerns in the mining...
Mar 27, 2014
As Nigeria’s economy continues to post promising growth figures, the State’s ability to maintain economic momentum will rely on its ability to diversify its economy away from a hefty reliance on its burgeoning oil and gas sector. “As soon as an economy focuses...
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 13, 2014
Mar 12, 2014
Mar 07, 2014
Feb 28, 2014
The Australian oil and gas industry has welcomed Environmental Minister Greg Hunt’s endorsement of streamlined approvals processes for offshore oil and gas operations that maintained existing high environmental safeguards. Hunt had endorsed making the National...
Feb 28, 2014
INNOVATIVE DESIGN Cape Town has been voted as the World Design Capital for 201
The biggest growth potential or geographical dispersion of economic activity in the Western Cape lies in the Cape metropolitan area, and the adjacent Cape Winelands district, where 85% of the real value is generated through production, states the Western Cape...
Feb 24, 2014
The Department of Trade and Industry (DTI) is heading to Pemba, in Mozambique, to promote South Africa’s oil and gas industry and attract trade and investment. The DTI explained in a statement that the outward investment mission, from February 24 to 28, aimed to...
Feb 24, 2014
Last week, the Portfolio Committee on Energy held a stakeholder engagement; the discussion was to assess the upstream sector in the oil and gas industry. Chairperson of the Committee, Mr Sisa Njikelana, said the purpose of the stakeholder engagement was to create a...
Feb 21, 2014
Players in the oil and gas industry have warned of increasing impatience over the continued uncertainty surrounding the Mineral and Petroleum Resources Development Amendment (MPRDA) Bill. Parliament’s Portfolio Committee on Mineral Resources this week delayed its...
Feb 20, 2014
The UK’s oil and gas industry supports some 440,000 jobs across the UK and with business confidence and investment in the industry growing, an estimated 20,000 more jobs will be created in the North Sea alone this year, making the skills shortage in the thriving...
Feb 20, 2014
DCD Marine Cape Town, one of the most established and experienced oil and gas upstream service providers in South Africa, is ‘on a roll’ with a number of projects already underway this year for the oil and gas sector.  With the commencement of three large...
Feb 20, 2014
The Northern Territory government would launch an inquiry into the merits of hydraulic fracturing, or fracking, in the state, as well as its potential effects on the environment. The territory’s Environmental Minister Peter Chandler said that fracking could be the...
Feb 13, 2014
As one of the most established and experienced oil and gas upstream service providers in South Africa, DCD Marine Cape Town has earned its reputation as a safe, reliable and internationally competitive shipyard. Since its inception in 1903, the company has worked...
Feb 06, 2014
Since becoming part of Renttech South Africa in 2011, Kelmeg Lifting Services has enjoyed a strong growth trajectory, with manufacturing output increasing by 40%. This is according to Rodney Young, Factory Manager at KLS, who was appointed at the time of the...
Jan 17, 2014
The Shah Deniz consortium announced the final investment decision for the Stage 2 development of the Shah Deniz gasfield in December 2013.
Dec 16, 2013
As Australia’s resources sector shifts from construction into operations and as major oil and gas projects come become operational, a new industry response on skills development is needed to avoid an undersupply of critical skills. This is one of the key findings...
Dec 11, 2013
TSX-listed specialty chemicals producer Western Lithium Corp on Tuesday announced that it had received all significant permits and approvals necessary to start construction of a hectatone organoclay manufacturing plant, in Fernley, Nevada. Western Lithium aimed at...
Nov 26, 2013
Health, safety and environmental factors rank as the greatest risks facing the oil and gas industries, a study by EY has shown. The report, titled ‘Business Pulse; Exploring the dual perspectives of the top 10 risks and opportunities in 2013 and Beyond’, surveyed...
Nov 08, 2013
All credit for industrial valve manufacturer, supplier and exporter Gunric Valves’ valve designs goes to joint MD Gunter Schmikal, who is all at once the company’s chief executive, designer and research and development department.
Nov 08, 2013
Many would-be exporters must have envied Gunric Valves for the speed with which it gained acceptance in the world market when it entered it in 1995 offering its own home-grown version of a triple eccentric metal seated butterfly valve, says joint MD Gunter Schmikal.
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 28, 2013
Government’s efforts to boost the West Coast's economically viability will receive a leg up when President Jacob Zuma launches the Saldanha Bay industrial development zone (IDZ), in the Western Cape, on Thursday. Over the next 25 years, this IDZ was expected to add...
Oct 18, 2013
Investing in minerals-focused junior companies is not for everyone, and is often left to highly sophisticated investors and speculators; however, some investors include juniors in their portfolios for the sake of diversification. While some investors favour precious...
Oct 17, 2013
Having fewer junior firms in British Columbia’s mining sector could help to breathe new life into an ailing industry segment, a group of 15 senior executives told a study commissioned by the British Columbia Securities Commission (BCSC). The report compiled by...
Oct 10, 2013
Stakeholder discussion will debate how dynamic shifts in GEO technology can future-proof the Oil & Gas industry’s data and operational challenges Island GIS, a leading independent GIS (Geographic Information Systems) consultancy and provider of innovative and...
Sep 13, 2013
EASY ACCESS Barriers to entry in the rope access industry are relatively low, which, ironically, is a major industry challenge
South Africa’s rope access industry is growing, owing to the high demand for jobs that require cost-effective means of doing work at height, says rope access specialists Skyriders Access Specialists marketing manager Mike Zinn. “The rope access industry can be...
Aug 30, 2013
LOCAL SKILLS NEEDThe percentage of the African gas and oil workforces comprising expatriates increased from 10% to 25%, while only South Africa had expatriate figures of below 10% in all skills categories
The gas industry is grappling with the pressure of a challenging economic and political environment on the African continent, fuelled by poor infrastructure, corruption, an uncertain regulatory framework and a lack of skills. This is according to audit, tax and...
Aug 27, 2013
Tony Davis, a 54-year-old construction worker in central Arkansas, said he welcomed the boom in natural gas drilling that brought jobs and new businesses to his hometown starting about a decade ago. But that was before the earth shook. In 2010 and 2011, the quiet...
Jun 19, 2013
PwC Africa oil and gas advisory leader Chris Bredenhann
A regional effort was needed to overcome the disconnect between Africa’s gas and oil production and its refining capacity, PricewaterhouseCoopers (PwC) Africa oil and gas advisory leader Chris Bredenhann said on Wednesday. Citing South Africa’s Project Mthombo...
May 10, 2013
Global engineering and technology corporation Metso states that its corporate initiative to increase the number of its valves, certified to the most stringent environmental emissions standards, is on track. In 2012, numerous Neles metal-seated and Jamesbury...
May 09, 2013
The results speak for themselves: The latest survey taken in 2013 confirms the high reliability of the variable speed planetary gearbox “Vorecon” from Voith
Apr 26, 2013
Vessel and semi-submersible rig maintenance and modifications are characterised by tight deadlines and strict project schedules. Any unwarranted delays in the repair programme can result in serious negative knock-on effects for the client. Companies cite financial...
Feb 13, 2013
Exclusive interview with Jan Martin Witte, Senior Project Manager at KfW Entwicklungsbank, who will address the Finance and Economics track at the upcoming African Utility Week on “The GET FiT renewable energy alternative funding mechanism”
Jan 31, 2013
Despite the distorting effects of some large transactions in the fourth quarter of 2012, the outlook for activity in the global oil and gas industry remained healthy for 2013, advisory firm Ernst & Young’s Global Oil and Gas Transactions Review indicated. With an...
Jan 18, 2013
With the rise of China and India in the East, the global demand for energy is set to increase significantly, with the International Energy Agency (IEA) estimating that a capital investment of some $620-billion dollars a year will be required in the oil and gas sector...
Jan 15, 2013
SKF launches the SKF Machine Condition Indicator, a low-cost vibration and temperature monitoring device designed for rotating machinery with constant operating conditions
Dec 17, 2012
The Australian oil and gas industry has welcomed the government’s announcement that it would amend the Petroleum Resources Rent Tax (PRRT), with the Australian Petroleum Production and Exploration Association (Appea) saying the amendments would provide clarity in...
Dec 11, 2012
Australia’s oil and gas sector could deliver some A$19-billion in corporate taxes, under a bullish investment scenario, the Australian Petroleum Production and Exploration Association (Appea) reported on Tuesday, warning, however, that the benefits could only be...
Nov 19, 2012
Trade and Industry Minister Dr Rob Davies on Monday opened a 60-day public consultation period for the designation of an industrial development zone (IDZ) at Saldanha Bay, in the Western Cape. The project had been driven primarily by the Western Cape Investment and...
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