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South Korea scores partial win in WTO ruling on US steel pipe duties

By: Reuters     15th November 2017 South Korea won a partial victory on Tuesday when a World Trade Organization panel ruled on its legal challenge to US anti-dumping duties on steel pipe used in the oil industry, but Seoul lost most of the arguments it had made. The WTO dispute panel faulted the US Department of Commerce for the... 

Global oil exploration dips to 60-year low

By: Natasha Odendaal     1st November 2017 With exploration activity waning, global oil and gas exploration has reached an historic low, according to the latest PwC Africa oil and gas review 2017, which highlights just three new major discoveries in Africa during 2016 and the first half of 2017, compared with 11 in 2015. In 2016, there... 

Company mitigates refinery industry challenges

By: Marleny Arnoldi     27th October 2017 Amid the weak demand and low prices that have hampered strategic decision-making and stalled planning for the oil and gas industry globally, specialised engineering company RTS Africa Engineering says improved technologies facilitating the understanding of process variables allow for cautious... 

Oil prices still struggling but huge potential ahead for Africa

By: Kim Cloete     26th October 2017 Experts from UK-based Standard Chartered Bank expect the oil price will remain in the $45/bl to $60/bl-plus range. “We are in a lower for a longer cycle,” Standard Chartered Bank global head of energy and natural resources Peter Gaw told delegates at the Africa Oil Week, in Cape Town. 

Chevron cans $400m Great Australian Bight drilling plan

By: Esmarie Swanepoel     13th October 2017 US oil and gas major Chevron will abandon its $400-million exploration programme in the Great Australian Bight, saying drilling in the region could not compete for capital in Chevron’s global portfolio, given the low oil price environment. “We appreciate the strong support from governments,... 

Product range to expand to construction industry

By: Simone Liedtke     13th October 2017 Owing to the risk posed by utility pipes, and electrical lines and cables in the ground, industrial product supplier Actum Industrial – part of the Actum Group – is targeting the construction, municipal, and oil and gas industry with its Ridgid range of tooling equipment – such as the SR-20 and... 

Consortia, skills, logistics key factors for South Africa to make its mark in Africa

By: Natasha Odendaal     14th September 2017 Consortia, skills and logistics have become the most critical elements in ensuring South Africa’s input in a growing Africa, delegates at the Southern African Metals and Engineering Indaba heard on Thursday. Within a rapidly changing landscape, South Africa urgently needs to start planning... 

PetroSA upbeat about gas exploration

By: Kim Cloete     12th September 2017 Despite a slowdown in exploration and an underinvested industry, South Africa still holds great prospects for exploration in gas, believes PetroSA chief geophysicist Peter Dekker. He told delegates at the South African Geophysical Association (Saga) conference, in Somerset West, that there were... 

High-quality weld preparation for oil and gas industry

     8th September 2017 Orbital cutting and bevelling machines for high-purity piping from international weld preparation products supplier EH Wachs are now available in South Africa from industrial equipment supplier Dowson & Dobson Industrial, a division of Actum Industrial, to serve the unique needs of the oil and... 

Prospex seeks to tap into Romania’s hydrocarbon potential with gas acquisition

By: Mariaan Webb     10th August 2017 Aim-quoted investment firm Prospex Oil & Gas has acquired a foothold in Romania’s oil and gas industry with the acquisition of an interest in the EIV-1 Suceava concession. Prospex bought 50% of the concession, which is located in north-east Romania, for €750 000 and entered into a joint operating... 

Trump America-first pipeline plan draws ire of American oil

By: Bloomberg     21st July 2017 Donald Trump’s allies in the oil industry are warning the president that his bid to boost US steelmakers could backfire against their efforts to achieve his goal of "American energy dominance." The intense lobbying effort comes as the Commerce Department faces a Sunday deadline to give the... 

Fast, affordable power key for oil and gas producers

     14th July 2017 Given the financial constraints facing the oil and gas industry, the ability to rapidly access affordable power generation that does not tie up capital could be what is needed to jump-start exploration and development activities across Africa, says energy solutions provider APR Energy regional... 

World energy investment drops for second consecutive year

By: Creamer Media Reporter      11th July 2017 Global energy investment fell by 12% in 2016, the second consecutive year of decline, as increased spending on energy efficiency and electricity networks was more than offset by a continued drop in upstream oil and gas spending, according to the International Energy Agency's (IEA’s) latest ‘World... 

Clean energy’s global investment share grew to record 43% in 2016 

By: Terence Creamer     11th July 2017 The share of clean-energy spending rose to a record 43% of total energy-related investment in 2016, the International Energy Agency’s (IEA’s) yearly World Energy Investment report shows. Global energy investment fell by 12% to $1.7-trillion last year, the second consecutive year of decline.... 

Oil lobby calls for closer teamwork to enhance Alberta’s crude competitiveness

By: Henry Lazenby     5th July 2017 The Canadian Association of Petroleum Producers (CAPP) is calling for increased collaboration between industry and government to increase the global competitiveness of Alberta’s oil patch. More than 24 000 new jobs could be created for Albertans, with provincial economic growth estimated to add... 

Agri SA says will not support fracking as set out under current legislation  

By: Anine Kilian     5th July 2017 Agricultural industry association Agri SA says it cannot support government’s continued pursuit of hydraulic fracturing (fracking). Addressing media at a briefing in Centurion, on Wednesday, Agri SA president Johannes Möller said there were still uncertainties with respect to water supply and... 

WA to publish five-year schedule for petroleum exploration

By: Esmarie Swanepoel     23rd June 2017 The Western Australian government has announced plans to introduce a strategic five-year release of petroleum exploration areas across the Canning and Perth basins, in the hopes of minimising environmental, cultural and land use constraints. “The five-year approach provides greater transparency... 

NT releases economic development framework

By: Esmarie Swanepoel     20th June 2017 The oil and gas industry has welcomed the Northern Territory government’s release of its Economic Developemnt Framework, with the Australian Petroleum Production & Exploration Association (Appea) saying it recognised the vital role that natural gas will play as one of the region’s major growth... 

Exploration to restart in Great Australian Bight as Norway’s Statoil takes over BP permits

By: Esmarie Swanepoel     9th June 2017 Norway’s Statoil has inked a swap agreement with petroleum major BP, and will now start exploration in the Great Australian Bight. BP in October shelved plans to explore the Bight, following a review of the company’s upstream strategy. The company said at the time that the Bight project would... 

Experts see radical changes ahead in the oil and gas industry

By: Kim Cloete     8th June 2017 Climate change policies, green investment and changes in consumer behaviour are beginning to bite and are expected to have a major impact on oil consumption throughout the world, a special seminar on the future of oil and gas has heard. “The collapse in the price of oil and the failure of the... 

Full range of corrosion control products available in Southern Africa

     2nd June 2017 Corrosion control product supplier JST International’s (JST’s) cathodic protection and impressed current cathodic protection systems and corrosion resistant pipe supports product ranges have been expanded to include the full range of corrosion control coatings and wrappings in Southern Africa. 

Canada publishes rules to reduce oil and gas sector methane emissions, air pollution

By: Henry Lazenby     26th May 2017 Canada has introduced new rules aimed at reducing methane emissions and cutting air pollution from its significant oil and gas industry, a move that met with mixed reaction from the industry itself. Minister of Environment and Climate Change Catherine McKenna introduced the new regulation on... 

Erin Energy appoints new chairperson, CEO

By: Anine Kilian     18th May 2017 JSE-listed Erin Energy on Thursday announced that it has elected Frank Ingriselli to succeed John Hoffmeister as chairperson. Ingriselli, who is CEO of Blackhawk Energy, has more than 36 years of experience in the energy industry, with wide ranging oil and natural gas exploration and production... 

Senate inquiry into Bight fizzles

By: Esmarie Swanepoel     12th May 2017 A Senate inquiry into oil and gas exploration in the Great Australian Bight has failed to deliver conclusive results, with committee members failing to reach a consensus or make a formal recommendation to the government. While the Greens senator remained opposed to any oil and gas exploration in... 

Savannah Resources nears completion of mineral sands scoping study 

By: Megan van Wyngaardt     5th May 2017 Aim-listed exploration and development company Savannah Resources is nearing completion of a scoping study at its Mutamba heavy mineral sands project, in Mozambique. CEO David Archer on Friday told Mining Weekly Online that the company was now “moving things forward at a pace that [our joint... 

Review finds petroleum resources rent tax sufficient

By: Esmarie Swanepoel     28th April 2017 The Australian oil and gas industry has welcomed an independent review into the operation of the petroleum resources rent tax (PRRT), which concluded that the Australian community is not being short changed by the current royalty and tax system. Federal Treasurer Scott Morrison in November last... 

Appea warns on new oil and gas taxes

By: Esmarie Swanepoel     27th April 2017 New research by advisory firm Wood Mackenzie (Woodmac) has warned that any additional taxes on the Australian oil and gas industry could inflict significant damages. Undertaken on behalf of the Australian Petroleum Production & Exploration Association (Appea), the report confirms that the new... 

Food, beverage supply chain under focus at SAPICS 2017 conference

     24th April 2017 Food production is the world’s largest manufacturing sector, and in Africa it is second only to the oil and gas industry – based on the combined revenue of the 111 largest African agro-food companies. Potential for further growth is substantial, but it relies on efficient and innovative supply... 

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... 

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... 

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