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Higher oil prices drive Woodside revenues

By: Esmarie Iannucci     21st October 2021 ASX-listed Woodside Petroleum has reported a 19% increase in sales revenue for the third quarter ended September, compared with the previous quarter, despite a 2% fall in production. The company on Thursday reported that production in the three months to September reached 22.2-million barrels of... 

Santos posts record revenues

By: Esmarie Iannucci     21st October 2021 Oil and gas major Santos has reported record sales revenue and free cash flows for the three months to September. Production during the three months under review was down 3% on the previous quarter, to 21.9-million barrels of oil equivalent, while sales volumes declined by 8% on the June quarter... 

Energy transition holds greatest promise for growth, job creation and development 

By: Schalk Burger     19th October 2021 A transition away from fossil fuel-based electricity to renewable-based electricity in South Africa can contribute significantly to job creation, growth and increased availability of electricity to support other commercial activities, four investment and energy specialists noted during a... 

‘Unleash American shale’ to end energy crisis

By: Bloomberg     15th October 2021 The largest US natural gas driller is using the global energy crisis to renew his call for more investment in domestic infrastructure such as pipelines, which he says will enable increased exports and ease shortages. US gas drillers could increase supplies by about 20% if not for pipeline and... 

Need for training in LNG sector recognised

By: Halima Frost     15th October 2021 With liquefied natural gas (LNG) expected to grow exponentially over the next five years, owing to the global drive to greener power generation, diverse consulting service provider Synergy Oil & Gas Consulting & Training senior energy manager Ismaeel Fataar says now is the time to upskill workers... 

China power crunch could clear Aus coal - Woodmac

8th October 2021 Power supply issues in China could force Chinese authorities to allow custom clearance of stranded Australian thermal coal, analyst Wood Mackenzie (Woodmac) said on Friday. Large-scale power restrictions were observed in the last two weeks of September in China on a scale not seen in the last... 

Risk Mitigation Independent Power Producer Procurement Programme, South Africa – update

By: Sheila Barradas     8th October 2021 One of the preferred bidders participating in the Risk Mitigation Independent Power Producer Procurement Programme has confirmed that government has delayed the deadline of financial close to the end of January 2022. 

100 MW power generation threshold: Everything you need to know about the new regulations

6th October 2021 With recent changes to energy regulations in South Africa, corporates can now generate up to 100 MW of power without the need for a generation license, and the regulations also allow for other relaxations in regard to wheeling of electricity that will facilitate the achievement of Net Zero... 

Strandline awards mining services contract at Coburn

By: Esmarie Iannucci     4th October 2021 Minerals sands developer Strandline Resources has inked a long-term mining services agreement with contractor Mine Site Construction Services (MSCS). The scope of the mining services agreement includes conventional open pit dry mining of ore at a rate of 23.4-million tonnes a year, overburden... 

BP, Eni seek to raise $2 billion for Angola joint venture

By: Reuters     1st October 2021 BP and Eni are seeking to raise up to $2-billion for their emerging oil and gas joint venture in Angola as both firms attempt to reduce their own debt to help build up renewables businesses, banking and industry sources said. BP and Eni announced in May that they had entered into talks to merge... 

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