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Bayu-Undan infill development, East Timor – update

By: Sheila Barradas 17th September 2021 Santos has signed a memorandum of understanding as operator of the Bayu-Undan Joint Venture, with the Timor-Leste regulator Autoridade Nacional do Petróleo e Minerais to progress carbon capture and storage in the Timor Sea. →

Karratha urea plant project, Australia – update

By: Sheila Barradas 16th September 2021 The Western Australian Environmental Protection Authority has approved plans by Perdaman to build and operate a urea plant. →

SEZs remain attractive, but embracing broader scope as energy, technology change economy

By: Schalk Burger 15th September 2021 The 12 special economic zones (SEZs) in South Africa remain relatively attractive destinations owing to the financial and non-financial incentives and support services they offer to specific industrial segments. However, they are also developing additional services and offerings to meet demand... →

FirstRand to end funding for new coal mines, power plants

By: Reuters 15th September 2021 South Africa's FirstRand will end funding for new coal-fired power stations and coal mines and has lowered the cap on its coal exposure as part of moves to reach net-zero emissions by 2050, it said on Wednesday. South Africa's banks are the biggest on the continent, with the likes of FirstRand... →

BHP spent just half-a-day's profit looking for copper last year

By: Bloomberg 15th September 2021 Copper might be BHP Group’s most prized metal, but the world’s biggest mining company spent little more than it earned in an average 12-hour period last year exploring for new deposits. The company spent just $53-million looking for the metal last year, when it posted record profit of... →

Teck Resources weighs sale, spinoff of $8bn coal unit

By: Bloomberg 15th September 2021 Teck Resources is exploring options for its metallurgical coal business, including a sale or spinoff that could value the unit at as much as $8-billion, people with knowledge of the matter said. The Canadian miner is working with an adviser as it studies strategic alternatives for the business,... →

Govt calls for comment on GHG storage

By: Esmarie Iannucci 15th September 2021 The federal government has called for public input on the five potential areas for the 2021 offshore greenhouse gas (GHG) storage acreage release. Minister for Resources and Water Keith Pitt said the acreage release provides opportunities for companies to explore for sites which have the... →

Trudeau pledges to cut Canada's oil emissions even as country keeps pumping more

By: Bloomberg 14th September 2021 Prime Minister Justin Trudeau's promise to reduce Canada's oil sector emissions starting in 2025 looks unlikely to slow the growth of crude production, environmental activists and oil companies say, raising questions about how effectively the pledge will help meet the country's goals to slow... →

Santos signs up for CCS in the Timor Sea

By: Esmarie Iannucci 14th September 2021 Oil and gas major Santos has inked a memorandum of understanding (MoU), as operator of the Bayu-Undan joint venture (JV), with the Timor-Leste regulator Autoridade Nacional do Petróleo e Minerais (ANPM) to progress carbon capture and storage (CCS) in the Timor Sea. The MoU details the areas the... →

Woodside signs hydrogen partnership agreement in South Korea

By: Esmarie Iannucci 10th September 2021 Oil and gas major Woodside will be the only foreign direct investor participating in the establishment of the HyStation company, which aims to construct and operate hydrogen refuelling stations to service public transport bus fleets in South Korea. Woodside will be joining South Korean... →