R/€ = 16.26 Change: -0.06
R/$ = 14.41 Change: -0.09
Au 1316.81 $/oz Change: 0.08
Pt 858.64 $/oz Change: 8.42


Crux project, Australia

By: Sheila Barradas     22nd March 2019 The Crux project is being developed to supply backfill gas to the Prelude floating liquefied natural gas facility. 

African Energy Chamber calls for oil and gas industry collaboration

By: African News Agency      21st March 2019 The chief executive and chairman of the African Energy Chamber (, NJ Ayuk, has called for more industry collaboration on key issues pertaining to Nigeria’s oil and gas industry. Ayuk made the call for strengthened cooperation as he led an industry delegation to Nigeria this... 

Omnia expects positive full-year revenue growth but lower earnings

By: Tasneem Bulbulia     20th March 2019 In line with its stated strategy to become a more diversified and balanced business with exposure to global markets, Omnia Holdings has realised positive revenue growth in the 2019 financial year, to date. This included revenue growth in new markets owing to a focus on global expansion based on... 

NT Parliament passes amended petroleum legislation

By: Esmarie Iannucci     20th March 2019 Amendments to the Northern Territory’s petroleum legislation has passed through Parliament, enacting the government’s commitment to implement the 135 recommendations from the Scientific Inquiry into Hydraulic Fracturing. “Our government is making sure that as the Territory’s onshore gas industry... 

Iron-ore tops the charts in WA

By: Esmarie Iannucci     20th March 2019 Iron-ore contributed A$61.7-billion in earnings to Western Australia during 2017-18, with the sector accounting for more than half of all mineral and petroleum sales. Resources Minister Bill Johnston on Wednesday told delegates at the Global Iron & Steel Forecast that a record 826-million tonnes... 

Opec+ affirms commitment to oil cuts, defers decision to extend

By: Bloomberg     18th March 2019 Saudi Arabia led fellow members of the Opec+ coalition to reaffirm their commitment to output cuts, but conceded they should defer until June the decision on whether to extend the curbs. A committee of the most influential members in the 24-nation alliance, which includes Russia, Iraq and the... 

A look at Angola’s new oil-licensing strategy (2019 – 2025) Adriano Rioja Ciprian

15th March 2019 In yet another landmark reform for its hydrocarbons sector, Angola released in February 2019 a new Presidential Decree detailing the country’s oil licensing strategy for the next six years. Published in February 2019, Presidential Decree No. 52/19 is a continuation of the Lourenço... 

Tribunal approves Glencore, Chevron merger, with conditions

By: Marleny Arnoldi     15th March 2019 The Competition Tribunal on Friday approved a merger involving Glencore South Africa Oil Investment (Glencore SA Oil) and Chevron South Africa (Chevron SA). The transaction involves Glencore SA Oil acquiring 75% of the issued share capital of Chevron SA, from Off The Shelf Investments.  

CIMIC JV wins Woodside work

By: Esmarie Iannucci     15th March 2019 Project house Cimic has been awarded a new contract from Australian oil and gas major at its Karratha gas plant, which will generate revenue of some A$190-million. Cimic subsidiary UGL, as part of a joint venture with services provider Cape, will provide brownfields implementation services at... 

WA joins anti-flaring initiative

By: Esmarie Iannucci     13th March 2019 Western Australia has become the first Australian signatory to the World Bank’s Zero Routine Flaring by 2030 initiative. Western Australian Minister for Mines and Petroleum, Bill Johnston on Wednesday told delegates at the AOG conference that the commitment would be reinforced by strengthening... 

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