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Thirty companies form alliance to help curb plastic waste

By: Marleny Arnoldi     16th January 2019 Thirty companies have joined forces to establish the Alliance to End Plastic Waste (AEPW), which aims to advance solutions to reduce and eliminate plastic waste from the environment, especially the ocean. The alliance is a nonprofit organisation that involves companies from across the global... 

There’s a tiny plastic enemy threatening the planet’s oceans

By: Bloomberg     11th January 2019 Environmentalists have identified another threat to the planet. It’s called a nurdle. Nurdles are tiny pellets of plastic resin no bigger than a pencil eraser that manufacturers transform into packaging, plastic straws, water bottles and other typical targets of environmental action. 

enX records increased Ebit, undertakes key investment

By: Tasneem Bulbulia     29th October 2018 Diversified industrial group enX achieved an increase in adjusted earnings before interest and taxes (Ebit) to R815-million for the financial year ended August 31, compared with an Ebit of R736-million in the prior financial year. enX has three business segments – enX Industrial Equipment (EIE),... 

BP signs up for PNG LNG

By: Esmarie Iannucci     17th August 2018 The joint venture partners of the Papua New Guinea liquefied natural gas (PNG LNG) project have entered into a mid-term LNG sales and purchase agreement with BP Singapore. Under the terms of the agreement, BP will be supplied with around 0.45-million tonnes of LNG a year over an initial... 

Liza oilfield development project, Guyana

By: Sheila Barradas     17th August 2018 Development drilling for the first 17 production wells of the project has started. 

Gas industry pushes for further easing of restrictions to boost supply

By: Esmarie Iannucci     2nd August 2018 The resources industry has called for a further easing of restrictions on the gas industry to ensure the development of more supply, according to the Australian Competition and Consumer Commission’s (ACCC’s) latest Gas Market Inquiry report. The ACCC said on Thursday that while conditions on the... 

PNG LNG signs mid-term offtake

By: Esmarie Iannucci     20th July 2018 The Papua New Guinea liquefied natural gas (PNGG LNG) project partners have entered into a mid-term LNG sale and purchase agreement with Hong Kong-based PetroChina International Corporation. Under the agreement, the PNG LNG project will supply some 0.45-million tonnes of LNG a year over a... 

Scarborough gasfield development, Australia

By: Sheila Barradas     1st June 2018 Woodside has increased the forecast capital investment to develop its Scarborough gasfield. 

Total, Sonangol agree to increased activity in Angola

By: Marleny Arnoldi     29th May 2018 During a recent official visit to France by Angola President João Lourenço and a delegation of Angolan businesspersons, petrochemicals giant Total chairperson and CEO Patrick Pouyanné and Angolan petroleum parastatal Sonangol chairperson Carlos Saturnino signed several agreements to cover the... 

Woodside outlines plans for expanded Scarborough

By: Esmarie Iannucci     23rd May 2018 Australian oil and gas producer Woodside has increased the forecast capital investment to develop its Scarborough gas field from the previous estimate of between $8.5-billion and $9.5-billion to $11-billion. CEO Peter Coleman told an investor briefing on Wednesday that the increase in expected... 

Refocused enX delivers pleasing half-year results; well-positioned for future growth

15th May 2018   Revenue increases to R3.6bn from R2.4bn EBIT improves to R354.4m from R257.1m Profit before tax grows to R182.7m from R175.2m Balance sheet strengthened, and debt maturity profile extended Group well positioned for future growth Diversified JSE-listed industrial group enX today announced... 

enX subsidiaries post satisfactory performance in six months to February 28

By: Simone Liedtke     14th May 2018 Diversified industrial group enX’s Eqstra Industrial Equipment (EIE) and Eqstra Fleet Management and Logistics (EFML) operations performed satisfactorily in the six months to February 28, enX reported on Monday. Group revenue for the six-month period ended February 28, increased to R3.6-billion,... 

PNG LNG delivering economic promises - Oil Search

By: Esmarie Iannucci     14th May 2018 ASX-listed Oil Search has maintained that the Papua New Guinea liquefied natural gas (PNG LNG) project has been beneficial to the region, despite reports suggesting otherwise. Social justice advocates Jubilee Australia has claimed that the PNG LNG project has caused increased violence in PNG as... 

Production restarted at PNG LNG

By: Esmarie Iannucci     30th April 2018 The second train of the Papua New Guinea liquefied natural gas (PNG LNG) project has restarted production and exports, following an earthquake in February. Production has been gradually increasing since the Hides gas conditioning plant and one LNG train was restarted earlier this month. 

Woodside plans Pluto LNG expansion

By: Esmarie Iannucci     18th April 2018 Australian oil and gas major Woodside Petroleum has flagged plans to accelerate the development of the Scarborough gas field through an expansion of the Pluto liquefied natural gas (LNG) project. Woodside in March acquired ExxonMobil’s interest in the Scarborough gas field, taking its interest... 

ExxonMobil restarts quake-hit PNG LNG ops ahead of schedule

By: Esmarie Iannucci     13th April 2018 The Papua New Guinea liquefied natural gas (PNG LNG) project has restarted production ahead of schedule, following the 7.5 magnitude earthquake in the country’s highlands in February. Project operator ExxonMobil reported on Friday that one train was currently operating at the LNG plant near Port... 

Global industry leaders to address World Petrochemical Conference

9th March 2018 Global chemicals, refining, and oil industry leaders and experts will be among those to address the World Petrochemical Conference (WPC) 2018 taking place at the Hilton Americas Hotel in Houston, in the US from March 19 to 23. The thirty-third annual WPC will welcome more than 80 speakers and 1... 

Miners report some infrastructure damage after Papua quake

By: Reuters     27th February 2018 Miners in northwest Papua New Guinea reported some damage to infrastructure following a powerful magnitude 7.5 earthquake on the weekend, as projects in the resource-rich region assess the impact on their operations. Barrick Gold said a power station that supplies its Porgera gold mine had been... 

Major quake cuts communications, halts oil and gas operations in Papua New Guinea

By: Reuters     26th February 2018 At least one company began evacuating non-essential personnel after a powerful 7.5 magnitude earthquake hit Papua New Guinea's energy-rich interior on Monday, causing landslides, damaging buildings and closing oil and gas operations. The tremor hit in the rugged, heavily forested Southern... 

Woodside buys ExxonMobil’s Scarborough field stake, announces A$2.5bn share sale

By: Mariaan Webb     14th February 2018 Australian oil and gas producer Woodside on Wednesday announced that it had entered into a binding agreement to buy ExxonMobil’s share of the Scarborough gas field, in the Carnavon basin as part of a A$2.5-billion share sale. The transaction involves an additional 50% interest in WA-1-R, which... 

Nigeria passes major oil reform bill after 17 year struggle

By: Reuters     19th January 2018 Nigeria has moved closer to turning an oil industry bill into law after a 17 year struggle to complete the legislation which aims to increase transparency and stimulate growth in the country's oil industry. Nigeria' lower house of parliament has passed a version of the bill which is the same as... 

Nigeria lawmakers look into recovering $21bn revenues from oil groups

By: Reuters     19th January 2018 Nigerian lawmakers ordered an investigation on Thursday into whether the government could recover $21-billion in revenues from international oil companies. Oil minister Emmanuel Ibe Kachikwu said in December the government had failed to enforce a legal provision entitling it to a greater share of... 

Nigeria moves closer to turning long-awaited oil bill into law

By: Reuters     18th January 2018 Nigeria moved closer to turning the first part of a long-awaited oil industry bill into law after the lower house passed the same version of the legislation approved by the Senate last year, a lawmaker in the House of Representatives said on Thursday. It is the first time both houses have... 

Energy-saving guide promotes sustainable mindset industry

By: Nica Schreuder     10th November 2017 International oil and gas company ExxonMobil has recently launched an energy- saving guide for the plastics industry to demonstrate to major companies in plastics how they can better manage their energy consumption. The guide, launched last month, is a practical approach designed to help with... 

Complete heavy-vehicle service station concept created through partnership 

2nd November 2017 Oil and gas multinational ExxonMobil and tyre multinational Michelin Tyre Company, teamed up with local truck service and wheel alignment enterprise Laser Fast to create a truck stop where the vehicles are checked, serviced and wheels aligned while drivers rest. Schalk Burger has the story. 

Pressure equipment for petrochem industry

By: Marleny Arnoldi     27th October 2017 Gas equipment supplier Energas Technologies says it will be beneficial being a local distributor and service provider for Italy-based specialised equipment manufacturer VRV, to local refineries and petrochemicals companies in particular.  

Proper lubrication directly correlates with safety

27th October 2017 Lubrication can have a big impact on the safety of wind turbine operations by reducing operational safety risk at an operation during equipment servicing and maintenance, says oil company ExxonMobil Europe, Africa and Middle East (EAME) SHC brand adviser Rainer Lange. He explains that, inspecting... 

Partnership creates complete truck stop service concept

By: Schalk Burger     13th October 2017 A partnership between local truck and trailer service Laser Fast, oil and gas multinational ExxonMobil, its local distributor CentLube and tyre multinational Michelin Tyre Company has resulted in the creation of a complete heavy-duty vehicle service and fuel and driver rest stop in Meyerton,... 

Statoil acquires an interest in two South African exploration licences

By: Anine Kilian     7th September 2017 Norwegian multinational oil and gas company Statoil has acquired an interest into two South African oil and gas exploration licences. It has bought a 35% interest in exploration right 12/3/252 Transkei-Algoa from ExxonMobil Exploration and Production South Africa. The licence covers about 45 000... 

Upstream oil industry continuing on the road to recovery – Woodmac

By: Esmarie Iannucci     11th July 2017 New data by advisory firm Wood Mackenzie (Woodmac) has shown that the number of upstream oil projects reaching final investment decision (FID) in 2017 could double to 25, compared with only 12 last year. In its latest report ‘A big year for FIDs: 2017 marks a turning point’, Woodmac points out... 

Thunder Horse South oilfield expansion project, US

By: Sheila Barradas     17th March 2017 The project was brought on line in December 2016. 

ExxonMobil Develops New Lubricant for Refrigeration Compressors

8th February 2017 Mobil SHCTM Gargoyle 80 POE designed for compressors that use carbon dioxide as a refrigerant gas Reduction of two percent electricity consumption compared with a conventional polyol ester-based oil Mobil SHC Gargoyle 80 POE meets growing need for applications cooled by natural refrigerant gases... 

Mexico’s latest energy auction confirms significant international interest in domestic market

By: Henry Lazenby     12th December 2016 Last week's auction of deepwater oil blocks as part of Mexico’ energy reform process was well received by the international market, confirming government’s momentum since 2013 to break State-owned oil firm Pemex’s then 76-year monopoly on the oil sector. On December 5, Mexico’s government awarded... 

Santos signs on for PNG exploration

By: Esmarie Iannucci     17th November 2016 Oil and gas major Santos has signed agreements to farm in a 20% stake in a petroleum prospecting licence in Papua New Guinea (PNG). The interest will be acquired from Oil Search and ExxonMobil, and will give Santos participation in the recently spudded Muruk 1 exploration well, which is... 

Woodside buys BHP gas assets

By: Esmarie Iannucci     5th September 2016 Australian oil and gas major Woodside will acquire half of mining giant BHP Billiton’s Scarborough gas assets, offshore Western Australia. The two companies on Monday announced the signing of a sale and purchase agreement under which Woodside would pay BHP $250-milion and a contingent payment of... 

Exxon’s $2.5bn bid for PNG’s InterOil tops Oil Search

By: Bloomberg     18th July 2016 Exxon Mobil is doubling down on Papua New Guinea, topping a rival offer for InterOil, a gas explorer focused on the Southeast Asian nation. The energy giant’s offer values InterOil at $2.5-billion, including debt, beating an earlier bid from Oil Search and Total SA. Exxon already runs Papua New... 

ConXtech Announces Membership in Fiatech™ Consortium of Capital Project Stakeholders

12th July 2016 ConXtech, manufacturer of the modular, prefabricated ConX® structural steel building system, announces it is now a member of Fiatech™. Fiatech is a global nonprofit consortium of industry stakeholders chartered with identifying, developing and adopting new technologies and practices that can... 

The Mozambique Mining, Oil and Gas and Energy 2016 event gains momentum

4th April 2016 Interest in the fifth bi-annual international strategic conference on Mozambique Mining, Oil & Gas, and Energy sector (MMEC) is growing at a rapid rate.  

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