R/€ = 17.48 Change: 0.05
R/$ = 14.92 Change: 0.02
Au 1750.56 $/oz Change: -3.73
Pt 987.00 $/oz Change: 3.75


Cybersecurity becoming part of industrial practices as digital applications and risks multiply

By: Schalk Burger     24th September 2021 As industrial facilities and systems become increasingly connected to capitalise on digital capabilities, countering cybersecurity risks is becoming part of industrial best practices and digital technologies are being subjected to the same rigorous safety and security standards as other... 

Arctic oil and gas exploration is booming despite climate fears

By: Bloomberg     23rd September 2021 Oil and gas companies are being bankrolled by some of the biggest names in finance to tap the Arctic’s vast natural wealth even as warnings grow about the melting ice cap due to man-made global warming. Gazprom, ConocoPhillips and TotalEnergies are among energy firms expanding their fossil-fuel... 

Fortescue makes new appointment as focus shifts

By: Esmarie Iannucci     23rd September 2021 Iron-ore major Fortescue Metals on Thursday announced a number of executive appointments as the company started its transition from a pure play iron-ore producer to a green renewables and resources company. Dino Otranto has been appointed COO of iron-ore at Fortescue, joining the company from... 

Securing smart devices in OT environments

21st September 2021 By Joe Robertson, Director of Information Security and EMEA CISO at Fortinet The Industrial Internet of Things (IIoT) is all about connecting people, processes, and assets. Traditionally, devices in OT environments have been isolated or connected directly to an industrial control system. IIoT... 

Shell divests of Permian assets

By: Esmarie Iannucci     21st September 2021 Oil and gas major Shell has struck a $9.5-billion agreement to sell its Permian business to ConocoPhillips, subject to regulatory approvals. Shell’s Permian business includes ownership in approximately 225 000 acres with current production of around 175 thousand barrels equivalent per day. 

Qld gas set to power the economy - report

By: Esmarie Iannucci     20th September 2021 An independent report commissioned by the Australian Petroleum Production and Exploration Association (Appea) has found that fully unleashing Queensland’s gas industry potential could result in a further A$30-billion in investment producing 7 000 PJ of production capacity in the Queensland oil... 

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. 

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... 

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