R/€ = 19.30 Change: 0.03
R/$ = 16.29 Change: 0.04
Au 1952.55 $/oz Change: -1.38
Pt 937.42 $/oz Change: -4.36


Foot on the Gas – Developers of Matola LNG terminal intensify talks with potential customers to reach 2023 supply date 

9th September 2020 The front-end engineering design phase for a proposed greenfield liquefied natural gas (LNG) import terminal at the Port of Matola, in the Mozambican capital of Maputo, is underway and the developers of the project are now intensifying discussions with potential energy and industrial off-takers... 

South32 and Trilogy pick Newmont VP for Ambler job

By: Creamer Media Reporter      25th August 2020 Ramzi Fawaz has been appointed president and CEO of Ambler Metals, joint venture partners South32 and Trilogy Metals announced on Tuesday. Fawaz joins Ambler, which is exploring and developing the Upper Kobuk Mineral Projects in Alaska, from Newmont, where he was senior VP projects until October... 

Volco Power notes readiness to supply LNG to South African industry

By: Tasneem Bulbulia     25th August 2020 The global and local natural gas and liquefied natural gas (LNG) industries are changing and the global influx of supply, lower prices and environmental benefits of natural gas are driving consumers to convert from other fossil fuels, says natural gas solutions provider Volco Power. The company... 

Falling oil price hits Oil Search

By: Esmarie Iannucci     25th August 2020 ASX-listed Oil Search has reported a 264% fall in net profits after tax for the first half of 2020, as oil prices tumbled amid the Covid-19 pandemic. The company on Tuesday reported a net loss after tax of $266.2-million, compared with a net profit of $161.9-million in the first half of 2019,... 

Mozambique, Total agree to ‘Joint Task Force’ to help secure mega LNG project 

By: Terence Creamer     24th August 2020 French energy major Total, which is leading the development of the $20-billion liquefied natural gas (LNG) megaproject in northern Mozambique, announced on Monday that it had signed a new security-related memorandum of understanding (MoU) with the government of the Southern African country.... 

Alaska liquefied natural gas project, US

By: Sheila Barradas     21st August 2020 Alaska Gasline Development Corporation plans to build a facility that will produce liquefied natural gas for export. 

Santos swings to a loss

By: Esmarie Iannucci     20th August 2020 Oil and gas giant Santos has reported a 48% fall in underlying profits for the six months ended June, with the company swinging to a net loss after tax. The company has reported a net loss of A$289-million, down from a net profit after tax of A$388-million in the previous corresponding period,... 

Oil prices hit Origin

By: Esmarie Iannucci     20th August 2020 Falling oil and liquefied natural gas (LNG) prices has seen ASX-listed Origin Energy report a significant fall in profits and earnings for the full year ended June. The company has reported statutory profits of A$83-million for the 12 months ended June, compared with the A$1.21-billion in the... 

WA moves to secure local gas supply

By: Esmarie Iannucci     18th August 2020 The Australian Petroleum Production and Exploration Association (Appea) has blasted the Western Australian government’s decision to revise policy in order to secure domestic gas supply. The state government this week unveiled the changes to the Western Australian Domestic Gas Policy, preventing... 

Beach avoids writedowns

By: Esmarie Iannucci     17th August 2020 Oil and gas producer Beach Energy has reported lower production and revenue for the full year ended June, compared with the 2019 financial year. The ASX-listed company on Monday reported that oil and gas production for the full yea reached 26.7-million barrels of oil equivalent, down from the... 

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