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Stanfra Trading launches first South African-made 100 mm quarter-turn segmented ball valve

By: Donna Slater 11th September 2020 Launched on September 10 during the Electra Mining Africa 2020 Connect virtual event, machining manufacturer Stanfra Trading showcased its new fully South African 100 mm quarter-turn ball valve. Stanfra Trading CEO Francois Marais states that this type of valve is the first to be produced in... →

Weartech

28th August 2020 Founded in 1984, Weartech has established a highly-respected reputation as a trusted specialist supplier of welding, thermal spray and other specialty products. Weartech offers a comprehensive range of products for the use in wear, corrosion and hard-facing applications as well as maintenance... →

Appea urges changes to boost oil and gas sector

By: Esmarie Iannucci 25th August 2020 The Australian Petroleum Production and Exploration Association (Appea) has urged the federal government to extend the Junior Minerals Exploration Incentive (JMEI) to the oil and gas sector. In its pre-Budget submission, Appea also recommended four other reforms, including making salary costs... →

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,... →

Senex's higher production drives increased revenue

By: Esmarie Iannucci 24th August 2020 ASX-listed Senex Energy has reported increased production and sales revenue for the full year ended June as the company completed it’s A$400-million Surat Basin gas development projects. Production for the full year was up 73% on the previous financial year, to 2.1-million barrels of oil... →

Erdogan unveils Turkey’s biggest ever natural gas discovery

By: Bloomberg 21st August 2020 President Recep Tayyip Erdogan said Turkey has found 320 billion cubic meters of natural gas in the Black Sea, its biggest ever energy discovery, and hopes to begin production by 2023. The Fatih drilling ship located the deposit in the so-called Tuna-1 field, Erdogan said Friday in a... →

FS Containers

21st August 2020 Established over 30 years ago, FS Containers is a fourth-generation family business specialising in providing a wide variety of container solutions throughout South Africa and the rest of Africa. Johannesburg-based FS Containers sells, rents and converts 3m, 6 m and 12 m shipping containers. Its... →

Senegal increases interest in Sangomar

By: Esmarie Iannucci 20th August 2020 The government of Senegal has increased its stake in the Sangomar offshore and Sangomar deep offshore (RSSD) exploitation area from 10% to 18%. ASX-listed FAR said on Thursday that the state oil company Petrosen’s decision to increase its stake in the RSSD project had reduced its own stake in... →

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,... →

FS Containers

20th August 2020 Established over 30 years ago, FS Containers is a fourth-generation family business specialising in providing a wide variety of container solutions throughout South Africa and the rest of Africa. →

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