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Adcorp reports FY earnings up 17%, despite labour law changes

By: Anine Kilian     25th May 2016 Despite changes made to South African labour laws in the past financial year, diversified workforce management and business process outsourcing company Adcorp saw a 17% increase in group revenues increased by 17% to R15.6-billion for the year ended February 29. The group also saw a slight... 

Archer studies shared rail solution for Leigh Creek project

By: Mariaan Webb     24th May 2016 ASX-listed explorer Archer Exploration has signed a heads of agreement with Bowmans Intermodal to assess the feasibility of developing and sharing rail infrastructure at Leigh Creek, in South Australia. Archer reported on Tuesday that the proposed shared rail facility would be located adjacent... 

Proposal to extend ‘water trigger’ to shale, tight gas unnecessary, says Appea

By: Samantha Herbst     24th May 2016 Australia’s Labor government on Tuesday moved to extend the contentious ‘water trigger’ legislation to shale and tight gas projects. Introduced in 2013, the water trigger legislation was an amendment to the Environmental Protection and Biodiversity Conservation Act, which sought to protect water... 

Dependable power supply a top priority in shipping

     13th May 2016 Electric power generation and electromechanical power transmission specialist Vert Energy MD Grant Robertson notes that reliable power supply is a top priority in shipping. Therefore, Vert Energy has tailored its capability to assist vessel owners – not only with routine maintenance programmes,... 

New risk-based inspection launched

     13th May 2016 Integrity, compliance and specialist risk consulting services group Lloyd’s Register announced in March the launch of a new Risk-based Inspection (RBI) service which combines hull integrity management with vessel classification (Class) to help minimise costs for operators of floating offshore... 

Oil & Gas Africa 2016 Conference – Focus on Logistics

     12th May 2016 The world’s oil and gas industry is probably experiencing its most tumultuous period since the infamous oil crisis of 1973. However, instead of severe oil shortages and sky-high prices, current market turmoil is due to the inverse - Middle East wells pumping at maximum capacity with concomitant... 

Aus resources sector receives A$100m exploration boost

By: Esmarie Swanepoel     4th May 2016 The Australian resources sector has welcomed the federal government’s 2016/17 Budget, which saw Treasurer Scott Morrison assigning A$100-million to Geoscience Australia to boost the productivity and competitiveness of the minerals sector. Resources and Energy Minister Josh Frydenberg said the... 

An oil province off South Australia would be beneficial – Appea

By: Esmarie Swanepoel     28th April 2016 The Australian Petroleum Production & Exploration Association (Appea) on Thursday told a Senate hearing that the development of an oil province in the Great Australian Bight would deliver benefits to both South Australia and Australia as a whole. A Senate committee was tasked in February to... 

Ensuring future growth and sustainability in challenging times: EBH Namibia puts strategic stabilisation plan into action

     20th April 2016 Like all stakeholders in the international oil and gas industry, leading ship repair company, Elgin Brown & Hamer (EBH) Namibia, has been closely tracking the sliding oil price since it dropped to below US$ 80 per barrel in late 2014. In anticipation of the ‘lag effect’ of the sustained low oil... 

Iqarus acquires Exmed to expand health provision capability into world’s remote and difficult operating environments

     19th April 2016 Offshore and onshore healthcare and medical solutions company Iqarus has acquired Exmed, a leader in remote medical support, equipment and clinical education, as it further progresses its global growth strategy. Exmed’s customers include prominent international government and humanitarian... 

Middle East, North Africa on mining periphery despite hosting 30% of the world’s minerals 

By: Ilan Solomons     15th April 2016 Despite hosting more than 30% of global mineral reserves, the Middle East and North Africa (MENA) region severely lacks exploration and resource development investment. The region’s mining industry is facing several challenges, such as social and environmental pressure from communities living... 

Sioux All-Electric Pressure Washer Improvements

     13th April 2016 Sioux Corporation continues to improve their line of industry leading all-electric pressure washers and steam cleaners by obtaining additional certifications. Sioux’s explosion-proof pressure washers and steam cleaners are now approved for Class I, Division 1, Group C and D, and Class II,... 

Antofagasta CEO Hernández to retire

By: Henry Lazenby     8th April 2016 Chile-focused copper miner Antofagasta on Friday announced that Diego Hernández would retire and immediately start a process to hand over the reins to Antofagasta Minerals CEO Iván Arriagada. The LSE-listed company advised that copper industry veteran Hernández would stay on as an adviser to the... 

L’Estrange replaces Marmion as WA Mines Minister

By: Esmarie Swanepoel     29th March 2016 A reshuffle of the Western Australian Cabinet has seen Bill Marmion being replaced by Sean L’Estrange as Minister for Mines and Petroleum. Marmion has now been appointed as Minister for State Development, a role previously held by Premier Colin Barnett, while Barnett for his part has now taken... 

Nigerian mining earmarked for growth, but GDP contribution in last five years a measly 0.15%

By: Ilan Solomons     4th March 2016 Nigeria’s attempt to revitalise its solid minerals sector as part of a broad strategy to lessen its dependence on oil and gas is yet to produce substantial results, with the sector contributing less than 0.15% to the country’s gross domestic product (GDP) in the past five years. The mining of... 

KZN provincial govt establishes Maritime Institute

By: Shirley le Guern     29th February 2016 To support and drive policy change and operational effectiveness in the local industry, the KwaZulu-Natal provincial government is establishing a maritime institute, said provincial Economic development, Tourism and Environmental affairs MEC Michael Mabuyakhulu at the inaugural Durban Maritime... 

Australia’s focus is on boosting competitiveness in oil price slump – Minister

By: Esmarie Swanepoel     29th February 2016 Resources and Energy Minister Josh Frydenberg on Monday stated that a focus on boosting Australia’s competitiveness would ensure that the country’s oil and gas industry survived the current price slump. In an opinion piece published in the Australian Financial Review, the Minister noted that oil... 

Kay to start early as Beach Energy CEO

By: Mariaan Webb     23rd February 2016 ASX-listed Beach Energy’s new CEO, Matthew Kay, would start earlier than previously reported, chairperson Glenn Davis announced on Tuesday. Kay, who joins Beach from Oil Search, would start on May 2, instead of the previously announced appointment date of July 17, after his commitments changed,... 

Santos posts A$2.7bn loss on impairments, low oil price

By: Mariaan Webb     19th February 2016 Asset writedowns of A$2.8-billion after tax have plunged Australian oil and gas producer Santos into a full-year loss of A$2.7-billion. The impairment charges were primarily a reflection of the current oil price environment and related predominately to the company’s Cooper basin, Gladstone... 

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... 

Logistics Sector Joins Cape Industries Showcase

     9th February 2016 Two world-class distribution, materials handling and storage expos have been added to the Cape Industries Showcase taking place from 13 to 15 July 2016 at the Cape Town International Convention Centre. The Cape Logistics Expo and the Temperature Controlled Storage and Distribution Expo join the... 

Tanzania LNG project makes progress

     8th February 2016 Tanzania has opened 2016 as a serious contender to Mozambique Gas reserves, and the banter of 2015, pitting the two countries together in a race to come on stream first. Recent Tanzania market developments include: 

IDZs and policy implementation key to energy-sector development

By: Nadine James     5th February 2016 The continuous progression of South Africa’s industrial development zones (IDZs) and special economic zones (SEZs) as well as the implementation of associated legislation are crucial for the sustainable growth of the energy sector, says supply-chain specialist Bidvest Panalpina Logistics (BPL)... 

New partnership expected to enhance maritime group’s service offering

By: Mia Breytenbach     5th February 2016 Turnkey ship repair solutions provider DCD Marine Cape Town has enhanced its engineering capacity through a strategic partnership with engineering firm 6Sigma Naval Architects and OffShore Engineering. 6Sigma, established in 2012, provides specialist engineering services for shipbuilding and... 

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... 

‘Frack mining’ mooted as a future mining innovation

By: Ilan Solomons     29th January 2016 Miners currently face many challenges, from low commodity prices to the exhaustion of accessible high-quality orebodies and high development costs. However, by drawing on the oil and gas industry’s process of hydraulic fracturing, or fracking, miners may have new ways to tackle those problems... 

Allianz Risk Barometer 2016: Businesses face changing risk landscape.

     21st January 2016 Fierce competition and cyber incidents rank as major new threats. Top business risks for Africa and Middle East are appearing for the first time with macroeconomic developments, market developments and changes in legislation and regulation leading the way  Globally Business interruption (BI)... 

Beach appoints new CEO

By: Esmarie Swanepoel     12th January 2016 Oil and gas major Beach Energy has appointed Matthew Kay as CEO, effective from July 17. Kay, which is currently the executive GM of strategy and commercial at ASX-listed Oil Search, would replace acting CEO Neil Gibbins. 

Rising oil price inevitable, says UK advisory firm

By: Natasha Odendaal     5th January 2016 As the oil and gas industry continues to face a myriad of headwinds going into the new year, UK-based boutique advisory firm SP Angel believes 2016 will mark a transitional 12 months for the industry with a rising oil price. SP Angel, which is currently finalising its oil price outlook and... 

Foreign oil and gas explorers object to Kenya tax proposal

By: John Muchira     11th December 2015 Foreign companies exploring for oil and gas in Kenya have opposed the planned introduction a 5% tax on the sale and acquisition of exploration blocks. The companies contend that a clause in the Petroleum (Exploration Development and Production) Bill 2015 that seeks to introduce a 5% capital gain... 

Guyana grants First Bauxite mining licence extension

By: Creamer Media Reporter      9th December 2015 Toronto-headquartered First Bauxite has been given at least a two-year extension to the construction starting date for its Bonasika ceramic proppant project, in Guyana. The TSX-V-listed company reported on Tuesday that the Guyana government had extended the construction commencement date under... 

Oil and gas deal activity to pick up – survey

By: Esmarie Swanepoel     4th December 2015 More than two-thirds of global oil and gas executives expect to pursue an acquisition in the next 12 months, a recent survey by advisory firm EY has found. In its Oil & Gas Capital Confidence Barometer, EY noted that this represented a 10 percentage point increase from deal expectations reported... 

Australia no longer second-most attractive region for upstream petroleum investment

By: Esmarie Swanepoel     3rd December 2015 The Australian Petroleum Production and Exploration Association (Appea) has called for consistent regulatory policies across Australia, after Canada surpassed Australia as the second-most attractive region for upstream petroleum investment. The Fraser Institute’s ninth yearly Global Petroleum... 

TNPA presses ahead with MDS, defers Durban dig-out port development

By: Shirley le Guern     30th November 2015 The tide has turned for South African ports and the Transnet National Ports Authority (TNPA) is pressing ahead with its investment under Transnet’s Market Demand Strategy (MDS) notwithstanding poor economic growth. TNPA CEO Richard Vallihu told a TNPA business-to-business gathering in Durban on... 

QRC’s Roche urges politicians to defend gas industry

By: Esmarie Swanepoel     24th November 2015 The Queensland Resources Council (QRC) has called on Australian politicians to stand up for the oil and gas industry against unrelenting attacks from environmental groups. Speaking at the Queensland Gas Conference, QRC CEO Michael Roche said this week that the A$70-billion Queensland gas sector... 

Offshore oil & gas training centre aims to attract more SA citizens

     20th November 2015 Cape Town-based chemicals industry training centre AOOG company coordinator Nicole Smithdorf would like more South Africans to enrol for training at the centre, as he predicts an end to the current oil slump in 2016, leaving the industry in need of trained personnel to work on offshore platforms.... 

NT publishes oil and gas development strategy

By: Esmarie Swanepoel     19th November 2015 The Northern Territory government has released a new oil and gas development strategy aimed at guiding the industry’s future. Chief Minister Adam Giles said on Wednesday that the strategy would set government on the right track to regulate this developing industry. 

AngloGold increasingly ‘upbeat’ on new improving mining technology

By: Martin Creamer     9th November 2015 The new South African mining technology that AngloGold Ashanti is developing in its Tau Tona gold mine, is expected to produce 13 000 oz of gold this year compared with 3 000 oz last year. “That’s the uptick we’re seeing in technology,” AngloGold Ashanti CEO Srinivasan Venkatakrishnan (Venkat)... 

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