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Pioneer reports caesium resource at Dome

By: Esmarie Swanepoel     22nd March 2017 The Sinclair caesium zone, within the Dome lithium-caesium-tantalum project, in Western Australia, has been estimated to host some 10 500 t of caesium ore with a grade of 17.1% caesium oxide. Owner Pioneer Resources has told shareholders that the mineral resource was defined following 22 reverse... 

Ecosse appoints new MD

By: Creamer Media Reporter      15th March 2017 Subsea technology company Ecosse Subsea Systems (ESS) has appointed Mark Gillespie as MD to strengthen the management team and introduce the new skills required to accelerate to the “next level of growth” over the next five years. The move will allow ESS founder and chairperson Mike Wilson to... 

Russia's Evraz meets forecasts with 7% rise in 2016 core earnings

By: Reuters     1st March 2017 Russia's No.2 steelmaker Evraz said on Wednesday its core earnings rose 7% in 2016, benefiting from a rebound in steel prices and an improving domestic economy. The company's earnings before interest, taxation, depreciation and amortisation (Ebitda) totalled $1.54-billion, up from $1.44-billion... 

Ninth Africa Energy Indaba shows growth, pointing to the energy opportunity in Africa 28th February 2017

     28th February 2017 The ninth annual Africa Energy Indaba delivered a successful week of strategic engagements, an exhibition and networking functions. The debates and discussions provided opportunity to African and national energy players in attendance that were seeking new opportunities to unlock energy access... 

Former Sasol CEO Constable joins Rio Tinto board

By: Esmarie Swanepoel     10th February 2017 Mining major Rio Tinto has appointed three new independent nonexecutive directors to its board. Former Sasol CEO David Constable and former Centrica CEO Sam Laidlaw have been appointed with immediate effect, while Royal Dutch Shell CFO Simon Henry will join the board in July. 

Trump’s latest executive orders may be burdensome for oil

By: Bloomberg     1st February 2017 Oil-services giant Halliburton told employees to stay put. An oil trade group is concerned by the proposed border tax. Another global oil company is reconsidering whether to place a crude trader in Houston. And universities that train energy workers across the country estimated that hundreds of... 

Indian oil companies look towards national Budget for incentives

By: Ajoy K Das     24th January 2017 India’s oil and gas industry is banking on the forthcoming national Budget to offer a series of tax incentives to ensure that the domestic industry is able to capture the benefits of global developments. The domestic oil and gas industry and representative associations have placed their Budget... 

Wood Mackenzie sees uptick in oil and gas industry this year

By: Megan van Wyngaardt     11th January 2017 The global investment cycle will show the first signs of growth in 2017, since 2014, as confidence the oil and gas sector will start to return, with exploration and production spend set to rise by 3% to $450-billion. This, analysis firm Wood Mackenzie said on Wednesday, would also result in a... 

Non-sparking maintenance tools from RS Components increases safety in potentially explosive environments

     13th December 2016 Extensive range of tools for maintenance engineers from EGA Master helps meet preventative safety needs in a variety of industrial sectors including oil and gas and many other applications. RS Components (RS), the trading brand of Electrocomponents plc, the global distributor for engineers, has... 

Kenya to pilot oil production from June

By: John Muchira     2nd December 2016 Kenya has unveiled an Early Oil Pilot Scheme in terms of which it will produce 2 000 bbl/d of crude oil from June next year. Ministry of Energy and Petroleum principal secretary Andrew Kamau says "the Early Oil Pilot Scheme is not a money making operation", explaining: "We are simply proving our... 

Australian Treasurer announces petroleum tax review as revenues decline

By: Esmarie Swanepoel     30th November 2016 Federal Treasurer Scott Morrison has announced a review into the operation of the Petroleum Resources Rent Tax (PRRT), crude oil excise and associated commonwealth royalties. The launch of the review comes only days after a report from the Australian National Audit Office revealed that the... 

BMI expects soft oil price recovery in 2017

By: Anine Kilian     18th November 2016 While the global outlook for oil is relatively bullish going into next year, there will be a soft oil price recovery, according to BMI oil and gas head Chris Haines. Speaking during a webinar session focused on the global oil and gas industry on Thursday, Haines noted that BMI expected to see... 

Survival of steel construction industry top priority

By: Simone Liedtke     18th November 2016 This year, the Southern African Institute of Steel Construction’s (Saisc’s) focus has been on ensuring that steelwork is sourced locally to save the local steel industry. 

Wacker Neuson improves earnings in Q3 2016 despite challenging environment

     15th November 2016 Leading international light and compact equipment manufacturer, the Wacker Neuson Group, saw revenue and earnings for the third quarter of 2016 increase relative to the previous year. Viewed over a nine-month period, revenue remained at the prior-year level, balancing out the drop in earnings... 

Central Energy Fund grilled by lawmakers on controversial fuel stock sale

By: Kim Cloete     8th November 2016 The management and board of the Central Energy Fund (CEF) have been grilled by Parliament’s Portfolio Committee on Energy, particularly on its controversial sale of 10-million barrels of crude oil reserves. The CEF has, however, been unable to come up with many answers. The main point of... 

South Atlantic cable to offer cost, connectivity benefits

By: Schalk Burger     4th November 2016 The $130-million South Atlantic Cable System (SACS) will reduce latency between Africa and South America from 300 ms to 63 ms once it is completed in mid-2018, says Angola Cables CEO Antonio Nunes. The cable system, which traverses 6 500 km of the Atlantic between Fortaleza, Brazil, and Sangano,... 

Oil, gas activity in sub-Saharan Africa nosedives

By: Megan van Wyngaardt     2nd November 2016 As oil prices continue to plunge, capital investment budgets in the oil and gas industry in sub-Saharan Africa for the next five years have also been cut by $100-billion, Wood Mackenzie's latest report on upstream activity in the region reveals. Deepwater suffered the biggest capital expenditure... 

Port projects tweaked to suit market

     26th October 2016 Transnet National Ports Authority said it had built flexibility into the tender specifications for Operation Phakisa new build projects at its ports in order to meet the current economic climate. Speaking at the African Ports Evolution 2016 Conference in Durban last week, Ricky Bhikraj, Executive... 

Ingersoll Rand Material Handling and Fluid Management Solutions for Offshore and Onshore Oilfield Environments at ADIPEC

     26th October 2016 Ingersoll Rand will showcase its safety and durability focused material handling and fluid management solutions for oil and gas operations at the stand number 12430 in Hall 12 of the Abu Dhabi International Petroleum Exhibition and Conference, the world’s leading oil and gas exhibition and... 

South Atlantic submarine cable system to dramatically lower latency between Africa, South America

By: Schalk Burger     21st October 2016 The $130-million South Atlantic Cable System (SACS) will reduce latency between Africa and South America from 300 ms to 63 ms once it is completed in mid-2018, says Angola Cables CEO Antonio Nunes. The cable system, which traverses 6 500 km of the Atlantic between Fortaleza, Brazil, and Sangano,... 

Robotic tank floor eliminates risks

By: Robyn Wilkinson     21st October 2016 Oil, gas and petrochemicals services provider A.Hak Industrial Services (A.Hak) will introduce a Robotic online storage tank floor inspection service in South Africa before the end of this year. This new technology eliminates the need for storage tanks to be decommissioned for lengthy periods for... 

Bolted joint integrity software to support tool range

     14th October 2016 In order to support its extensive range of hydraulic bolt tightening tools, UK hydraulic tools supplier Hi-Force launched Boltright Pro – an innovative bolted joint integrity software programme – in August. The software is designed to assist engineers by providing accurate bolt load calculations... 

BP shelves plans to drill in Great Australian Bight

By: Esmarie Swanepoel     11th October 2016 Oil major BP will not progress to exploration in the Great Australian Bight, offshore South Australia, following a review of the company’s upstream strategy. BP said in a statement on Tuesday that the Great Australian Bight project would not be able to compete for capital investment with other... 

Ocean Resources in hot pursuit of REE, scandium-enriched deepsea muds

By: Henry Lazenby     5th October 2016 An experienced exploration team is keen to get equipment back out on the water and into the deep sea floor about 5 km below the ocean surface in the offshore Cook Islands exclusive economic zone, to look for rare earth elements (REEs) and scandium. Headed by marine mining veteran Ron Rose, who... 

Appea blasts greens report on fracking

By: Esmarie Swanepoel     22nd September 2016 The Australian Petroleum Production and Exploration Association (Appea) has slammed a report released by the Western Rivers Alliance, which warned of the alleged dangers of unconventional oil and gas extraction in the Channel Country in outback Australia. The report highlights a number of risks... 

Industrial Ethernet switches for reliable communication in harsh environments

     7th September 2016 • Scalance XP-200 in low-profile design with high IP65/67 degree of protection • Extended temperature range from -40 °C to +70 °C • Gigabit-capability and Power-over-Ethernet with a total power of 120 W • Particularly suitable for the oil and gas industry, rail and road vehicles With its new... 

Davies launches new ship-repair facility in Durban

By: Anine Kilian     2nd September 2016 The ship and boat manufacturing industry in South Africa has a great opportunity to supply and service sub-Saharan Africa with working vessels as required by State agencies for various activities, Trade and Industry Minister Dr Rob Davies said on Friday. Speaking at the naming ceremony of the new... 

African industry urged to use oil downturn to address regulatory uncertainty

By: Schalk Burger     2nd September 2016 Though the depressed global oil price has led to reduced activity in the oil and gas sector across Africa, the industry should improve skill levels and governments should improve regulatory frameworks and licence systems to prepare for when price and activity increases, says PwC Africa Oil and... 

Ghana oil refinery showing signs of profitability

     2nd September 2016 Recent reports demonstrate that Tema Oil Refinery (TOR) – Ghana’s only oil refinery –  has begun showing signs of profitability after seven years of stagnation. The refinery posted a profit of $800 000 from its operations from February 16 to April 20, a development described by market... 

Nigeria, Spain to strengthen bilateral trade relationship

     2nd September 2016 Nigeria and Spain, last month expressed their readiness to strengthen their bilateral trade relationship for mutual benefit across the spectrum in the oil and gas industry. State-owned oil development corporation Nigerian National Petroleum Corporation (NNPC) group MD Dr Maikanti Kachalla Baru... 

Supply of LNG increasing despite economic downturn

By: Kimberley Smuts     26th August 2016 Although there has been a global slowdown in economic activity, global liquefied natural gas (LNG) supply has increased, owing to a surge in supply projects approved before the drop in the price of gas in 2014, says KPMG energy economist Dr Requier Wait. “On the demand side, gas-fired power... 

Africa offers many oil, gas opportunities – PwC

By: Anine Kilian     22nd August 2016 Now is an opportune time for governments in Africa wanting to attract oil and gas investors to reform their regulatory, fiscal and licensing systems, says PwC Africa oil & gas advisory leader Chris Bredenhann. Speaking at the launch of PwC’s ‘Africa Oil & Gas Review 2016’ in Rosebank, on Monday,... 

Cape Town on track to be the start-up capital of Africa, says Wesgro

By: Kim Cloete     18th August 2016 Cape Town is pushing beyond its tourist image with a drive to be seen as the start-up capital in Africa. “We’re incredibly excited about Cape Town becoming a destination for young people around the world. Cape Town has become Africa’s largest start-up scene,” Wesgro CEO Tim Harris told delegates... 

Revolutionary gold-mining machine making progress – AngloGold 

By: Martin Creamer     15th August 2016 The innovative Mark IV high-technology machine that AngloGold Ashanti is developing to improve the economics of gold mining in South Africa’s low-height, hard-rock reef is continuing to make progress, AngloGold COO South Africa Chris Sheppard said on Monday. Speaking at Monday’s presentation of... 

Agreement with union marks pivotal milestone in stabilisation process to ensure future sustainability for EBH Namibia

     28th July 2016 Ship repair company Elgin Brown & Hamer Namibia has announced that it has secured an agreement with the Mining, Metal, Maritime & Construction (MMMC) union, resulting in the company withdrawing its intention to embark on unilateral retrenchments. “We are extremely pleased to have concluded an... 

Agreement with union marks pivotal milestone in stabilisation process to ensure future sustainability for EBH Namibia

     27th July 2016 Ship repair company Elgin Brown & Hamer Namibia has announced that it has secured an agreement with the Mining, Metal, Maritime & Construction (MMMC) union, resulting in the company withdrawing its intention to embark on unilateral retrenchments. “We are extremely pleased to have concluded an... 

Queensland to release new land for exploration

By: Megan van Wyngaardt     20th July 2016 Queensland Natural Resources and Mines Minister Dr Anthony Lynham plan to release 826 km2 of land for minerals, coal, petroleum and natural gas exploration over the next 12 months. The seven areas range from Cloncurry in the north-west, through the Bowen basin in central Queensland, to near Surat... 

Belmet And 3c Metal Formalise A Shareholding Relationship

     19th July 2016 Following a long history of successful collaboration and joint ventures between Belmet and 3C Metal, the French-based head office of 3C Metal has officially taken the decision to invest in a shareholding percentage of Belmet Namibia and Belmet South Africa. The shareholding agreement is effective... 

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