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Can Canada's oil-rich Alberta capture a low-carbon future?

By: Bloomberg     7th May 2021 At a research site in rural Alberta, carbon dioxide is injected deep into the ground. Using remote sensors, scientists monitor its movement to ensure the planet-heating gas does not migrate upwards. "Basically, think of ultrasound on bodies – we're doing ultrasound on the earth," said Don... 

Nedbank makes pioneering ‘zero fossil-fuel exposure by 2045’ pledge 

By: Terence Creamer     22nd April 2021 South Africa’s Nedbank Group released an ambitious new energy policy on April 22, containing a commitment to reduce its exposure to all fossil fuels to zero by 2045, as well as a pledge to halt all new thermal coal-mine financing by January 1, 2025. Simultaneously, Nedbank said it would scale up... 

Hall Longmore launches fusion bonded epoxy pipe coatings for the local market

By: Donna Slater     19th March 2021 Steel pipe manufacturer Hall Longmore is looking to attract a key domestic market segment with its newly launched dual layer fusion bonded epoxy (FBE) coatings. MD Kennith van Rooyen tells Engineering News the company, which is based in Wadeville, Gauteng, recently commissioned a dual spray... 

IEA says oil demand likely to rise until 2026

By: Marleny Arnoldi     17th March 2021 Based on the current policy settings, global oil demand is set to rise every year to 2026, says the International Energy Agency (IEA). Although world oil markets have rebounded from the massive demand shock triggered by Covid-19, they still face a high degree of uncertainty that is testing the... 

Shell strikes $926m deal to sell oil assets in Egyptian desert

By: Bloomberg     9th March 2021 Cairn Energy reshuffled its portfolio, selling $460-million of assets in the UK North Sea and buying projects in Egypt’s Western Desert from Royal Dutch Shell. Both deals, announced Tuesday and seen completing in the second half of 2021, follow a pickup in oil and gas acquisitions after 2020’s... 

Leasing, investment at Saldanha Bay IDZ are going well

By: Marleny Arnoldi     26th February 2021 The Department of Trade, Industry and Competition (DTIC) says the Saldanha Bay Industrial Development Zone (SBIDZ) has attracted more than R21-billion of private investment to date. These investments are at different stages of development; two of them, with private investment valued at... 

Paramount Maritime puts to sea new Sentinel vessel to deter oil pirates in West Africa

By: Donna Slater     12th February 2021 Industrial maritime company Paramount Maritime's subsidiary Nautic Africa has launched its new flagship 35 m Sentinel vessel, the second of the new enhanced class, and ultimately destined for a customer in the Gulf of Guinea where it will be used for international oil company related... 

Biden poised to freeze oil and coal leasing on federal land

By: Bloomberg     22nd January 2021 President Joe Biden is poised to suspend the sale of oil and gas leases on federal land, which accounts for about a tenth of US supplies, according to four people familiar with the matter. The moratorium, which would also freeze coal leasing, is set to be unveiled along with a raft of other... 

Want a fuel cell, you need platinum – analysts 

By: Martin Creamer     18th January 2021 If you want a fuel cell, you need platinum, is one of the multiplicity of points Bernstein investment company makes in a major work just released, which shows growing and ongoing demand for platinum group metals (PGMs) and provides ample reason why metals and mining matter more than ever. In the... 

Northern Dynasty to pursue Pebble appeal with vigour - CEO

By: Creamer Media Reporter      17th December 2020 Northern Dynasty, the Canadian company that owns the contentious Pebble project, in Alaska’s Bristol Bay, will in January submit its request for an appeal of the US Army Corps of Engineers’ (USACE’s) negative record of decision (RoD). The company said on Thursday it would argue that the USACE’s... 

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