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Revitalised demand growth to buttress molybdenum prices

By: Reuters     4th April 2018 Healthy demand for molybdenum rich stainless steel, especially from the oil and gas industry, plus sluggish supply growth are expected to keep the price of this minor metal riding high. Molybdenum prices at nearly $13/lb are at their highest since 2014, having more than doubled since December 2015. 

BP outlines the prospects for global energy demand

By: Kim Cloete     13th March 2018 India is rapidly emerging as the world’s largest growth market for energy, says BP West Africa head of origination John Goodridge. He told the annual African Refiners & Distributors (ARA) conference, in Cape Town, that while growth in energy demand in China was tapering off, demand in India would... 

BHP to open data rooms for US shale fields, deals may be announced before year-end

By: Mariaan Webb     20th February 2018 Mining giant BHP will open the data rooms for its onshore US assets next month, the group said on Tuesday, as it confirmed that deals may be announced before the end of this year. Under pressure from activist investors, including Elliott Management, to get out of the shale business that it... 

Beaufort West municipality to be handed fresh water resource – Zwane

By: African News Agency      5th February 2018 Mineral Resources Minister Mosebenzi Zwane announced on Monday that his department would be handing over the newly-discovered fresh water resource in Beaufort West to the municipality. Last year, the Council for Geoscience (CGS), a statutory science council under the Department of Mineral... 

The growing importance of Gas in the Africa Mix, latest market trends

1st February 2018 The 3rd Africa Gas Forum will be taking place on Monday, 19th February 2018 at the Sandton Convention Centre, Johannesburg, South Africa, and is affiliated to African Energy Indaba (AEI) as an official side event. With African economic growth in 2018 making a recovery after a difficult year,... 

CGS discovers fresh water resource in Beaufort West 

By: African News Agency      13th December 2017 An unprecedented discovery of a fresh water resource has been found in Beaufort West, Western Cape, the Department of Mineral Resources said on Tuesday.  According to the department, the resource was discovered by the Council for Geoscience (CGS), a statutory science council reporting to the... 

Game Changers

By: Terence Creamer     24th November 2017 Without doubt, the problems at Eskom, together with the ongoing debate over nuclear, are making it extremely difficult for South Africans to pay proper attention to some of the game-changing shifts under way in global energy markets – ones that have real and far-reaching implications for this... 

BHP facing uncertain future as shareholders push for change

By: Esmarie Swanepoel     17th November 2017 Ratings agencies and analysts have raised concerns about the future of mining major BHP in the wake of actions taken by so-called activist shareholders. The mining giant’s second-largest holder of its London-listed shares, fund manager Elliot Associates & Elliot International, has been picking at... 

Solar to power ahead as it emerges as ‘cheapest’ source of generation

By: Terence Creamer     14th November 2017 The World Energy Outlook 2017, released by the International Energy Agency (IEA) in London on Tuesday, presents a base case scenario that foresees the world’s growing energy needs being met increasingly by renewables and natural gas over the coming 25 years, as “coal strikes out” and nuclear’s... 

Appea asks NT to lift fracking moratorium

By: Esmarie Swanepoel     30th October 2017 The Australian Petroleum Production and Exploration Association (Appea) has again called on the Northern Territory government to lift a moratorium on hydraulic fracturing (fracking), after an independent economic analysis found that shale gas development in the territory could deliver a number of... 

US Energy Secretary defends its stance on nuclear and clean coal

By: Kim Cloete     26th October 2017 US Energy Secretary Rick Perry has defended the US government’s suggested pivot towards clean coal and nuclear energy, saying nuclear and coal producers had been discriminated against in the Obama era. “Basically, we’re saying the government is going to be fair to nuclear and coal . . . no... 

Renewables’ share of global energy market to rise, system stability central

By: Anine Kilian     14th September 2017 The world’s energy system will decarbonise over the next three decades, says advisory services and risk management company DNV GL Africa business manager Robert O’Keefe. Unpacking DNV GL’s ‘Energy Transition Outlook 2017’ report at the Nordic Energy Days conference, in Pretoria, on Thursday, he... 

South Africa has insufficient skills for development of a shale gas industry

By: Anine Kilian     1st September 2017 There are insufficient skills in South Africa to support the development of a shale gas industry, South African National Energy Association secretary general Dave Wright said at a national shale gas conference, in Port Elizabeth, on Friday. He noted that the country had a small and limited... 

Government certainty needed for successful shale gas exploration in South Africa

By: Anine Kilian     1st September 2017 Government must make a clear-cut decision on whether or not to proceed with shale gas exploration in the Karoo, University of Cape Town Institute of Marine and Environmental Law's Professor Jan Glazewski said on Friday. Speaking to Engineering News Online on the sidelines of a national shale gas... 

Policy limits South African gas economy

By: Marleny Arnoldi     1st September 2017 Policy and legislation on natural gas are currently bottlenecked in South Africa, which creates limits to South Africa’s gas economy growth, says growth strategy company Frost & Sullivan.  

Report indicates more research needed before fracking in the Karoo is allowed

By: Anine Kilian     31st August 2017 It is vital that all matters related to the development of a shale gas industry be carefully analysed and evaluated before South Africa considers exploiting shale gas, says University of Cape Town senior researcher Professor Cyril O’Connor. “It is well known that the exploitation of shale gas may... 

Gas vital to South Africa’s energy mix

By: Anine Kilian     31st August 2017 All countries face energy challenges and must manage this by improving energy security and economic development, without compromising sustainable development, Department of Science and Technology (DST) director-general Dr Phil Mjwara said on Thursday. He pointed out that sub-Saharan Africa was... 

Science sector’s action on shale gas to be deliberated at conference

By: Anine Kilian     28th August 2017 A science action plan to help steer the South African shale gas industry will be considered at a national shale gas conference to be hosted by the Academy of Science of South Africa (ASSAf), in partnership with the Department of Science and Technology, in Port Elizabeth, later this week. The... 

BHP announces US shale exit, profit jumps to $5.8bn

By: Esmarie Swanepoel     22nd August 2017 Mining major BHP has heeded investors’ calls to exit its shale gas business, announcing on Tuesday that it would sell the US onshore assets that it had bought for $20-bilion five years ago. BHP, which has come under pressure from activist shareholders over its US shale investment, said it had... 

Legal and policy certainty required if gas economy is to be realised

By: Mia Breytenbach     4th August 2017 Key factors that will influence the establishment of a gas economy in South Africa include the passing of the amended Mineral and Petroleum Resources Development Act (MPRDA) and greater clarity regarding the expected and stated imports of liquefied natural gas (LNG), says South African Oil and... 

Shale gas still a power resource option

By: Nica Schreuder     28th July 2017 Global leading engineering, consulting and construction company Black & Veatch sub-Saharan Africa business development director Webb Meko says successful exploration for shale gas could make up for South Africa’s lack of natural gas as a power resource. “Concerns about the possible detrimental... 

Gas-to-power a more favourable alternative energy source

By: Nica Schreuder     28th July 2017 The nuclear procurement programme was rejected in the High Court earlier this year and opens the way for greater advocacy around the gas-to-power programme, says oil and gas specialist Lizel Oberholzer. “The focus on nuclear energy generation has come at the cost of the development of other... 

Investment in gas economy tough if risk exceeds appetite

By: Nica Schreuder     28th July 2017 Gas infrastructure for electricity generation requires key investors to get involved in this capital-intensive endeavour but if the perception among investors is that of risk exceeding reward, investment is unlikely to emerge, says oil and gas equipment supplier Energas Technologies project... 

Interim report into NT fracking released

By: Esmarie Swanepoel     17th July 2017 Communities in the Northern Territory are “overwhelmingly” against hydraulic fracturing (fracking), says the independent inquiry body appointed last year to investigate the environmental, social and economic risks and impacts of fracking. The inquiry, which started in December, concluded its... 

MPRDA, LNG import clarity key to establishment of gas economy

By: Mia Breytenbach     11th July 2017 Key factors that will influence the establishment of a gas economy in South Africa include the passing of the amended Mineral and Petroleum Resources Development Act (MPRDA), while greater clarity is also needed around the anticipated and stated imports of liquefied natural gas (LNG), says South... 

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... 

Onshore gas production Africa: ‘We’ve walked the road many still fear to tread’ Renergen COO

15th June 2017 South Africa’s sole onshore natural gas project Tetra4 owner Renergen has just secured $17m of government funding. Chief Operating Officer Nick Mitchell will reveal more about this landmark project at the Oil & Gas Africa Conference in Cape Town next month Thirteen gas wells make up the Tetra4... 

Trump 'has a point' on China's cheap aluminium, Glencore CEO says

By: Bloomberg     2nd June 2017 Donald Trump “has a point” in criticising China’s trade in aluminium and steel as cheap power has effectively been a subsidy to Chinese producers, said Glencore chief Ivan Glasenberg. Trump should be pragmatic in dealing with China, given that it imports a lot of US goods, said Glasenberg... 

BHP CEO tells investors options for US shale under review

By: Bloomberg     29th May 2017 BHP Billiton is assuring shareholders that it’s exploring numerous options for its contentious US shale unit amid pressure from activist investor Elliott Management to carry out a wider review of petroleum operations. In a series of meetings in Australia last week, CEO Andrew Mackenzie stressed... 

Origin takes up bigger piece of Beetaloo

By: Esmarie Swanepoel     5th May 2017 Australian oil and gas producer Origin Energy has increased its shareholding in the Beetaloo joint venture (JV), after acquiring a further 35% stake from partner Sasol Petroleum Australia. Located some 500 km from Darwin, in the Northern Territory, the three Beetaloo JV permits cover more than... 

DMR to brief Western Cape communities on shale gas development

By: Megan van Wyngaardt     21st April 2017 Mineral Resources Deputy Minister Godfrey Oliphant will on Tuesday host an information-sharing session with interested and affected communities and organisations in the Western Cape on the potential of shale gas development through hydraulic fracturing, or fracking. The Deputy Minister will... 

Challenger welcomes reports of South Africa's plans to proceed with Karoo shale gas development

By: Esmarie Swanepoel     3rd April 2017 Junior unconventional gas explorer Challenger Energy has welcomed reports from the South African media that the South African government will proceed with shale gas development. The country’s Mineral Resources Minister Mosebenzi Zwane was reportedly quoted as saying that, based on the balance of... 

Govt gives green light for shale gas fracking in Karoo

By: News24Wire      30th March 2017 The government has given the go-ahead for shale gas development in the Karoo region, Mineral Resources Minister Mosebenzi Zwane said on Thursday. He revealed this during a community engagement on shale gas development in Richmond, in the Northern Cape. 

Opinion: Billions can be saved by building gas turbines ahead of solar and wind 

24th January 2017 In this opinion piece, Professor Dawid Serfontein enters the debate on the costs and benefits of South Africa’s renewable-energy fleet, responds to recent media articles on the matter and makes the case for a revision to the sequence in which new generation technologies are added to the... 

SA can save billions by building gas turbines first, then PV-solar and wind

24th January 2017 Dawid Serfontein, Associate Professor in the School of Mechanical and Nuclear Engineering, North-West University. This is a response to the Fin 24 article Koko unpacks Eskom’s renewable costs, but experts disagree (17 Jan.). I am impressed with the dramatic reductions in the prices of PV-solar,... 

Opinion: South Africa at an electricity crossroads 

23rd January 2017 In this commentary, independent economic consultant Rob Jeffrey cautions that a future electricity mix which relies heavily on wind and limits the contribution of coal could undermine South Africa’s plans for addressing unemployment and poverty 

New gas projects will be economical – Aurecon  

By: Victor Moolman     15th December 2016 With two major gas-to-power projects under way in the country, consulting company Aurecon believes that the two, possibly three, gas power stations associated with the projects can be economical as existing infrastructure can be used to support them. 

Further tweaks possible as India's marginal oil and gas block bids fall short of expectations

By: Ajoy K Das     14th November 2016 In a rearguard action, the Indian government is considering further tweaks and changes to the ongoing auction of 67 marginal oil- and gasfields – a week before the extended deadline of November 21. While no official information is available on the number of bids or valuations received for these... 

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