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Press Office - WorleyParsons

WorleyParsons

WorleyParsons delivers projects, provides expertise in engineering, procurement and construction and offers a wide range of consulting and advisory services. We cover the full lifecycle, from creating new assets to sustaining and enhancing operating assets, in the power, hydrocarbons, mineral, metals and chemicals sectors. Our resources and energy are focused on responding to and meeting the needs of our customers over the long term and thereby creating value for our shareholders.

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Radebe hints at possible Saudi investment to boost South Africa's oil refining capacity

By: Kim Cloete     7th November 2018 Energy Minister Jeff Radebe has called for a collaborative approach to attract investment in oil refining hubs throughout the continent and has hinted that Saudi Arabian investment in refining capacity in South Africa may soon become a reality. “In South Africa we believe the time has come for an... 

Thermaspray brings 360° coating solutions with the introduction of Laser Cladding technology

7th November 2018 Thermaspray proudly introduces laser cladding technology in a bid to offer customers a 360° coating product and service solution. “As one of South Africa’s leading surface engineering specialists, we boast an extensive range of coating and welding solutions including thermal spray coatings,... 

Oil, gas outlook positive amid tough conditions, says PwC review

By: Kim Cloete     7th November 2018 The outlook for Africa’s oil and gas industry is positive, despite tough economic conditions and far fewer discoveries over the past year, PwC’s yearly 'Africa Oil & Gas Review' shows. The review indicates how the industry has responded in the wake of the recovery of the oil price to close to... 

Encana to acquire shale oil producer Newfield for $5.5bn

By: Bloomberg     1st November 2018 After years of slimming down its oil and gas holdings, Canada’s Encana is reversing course with a $5.5-billion acquisition of a US shale producer in what will be the company’s biggest-ever deal. Encana agreed to purchase Newfield Exploration, which will give it positions in the Stack and Scoop... 

Petrobras to sell stake in Africa unit to Vitol-led group for $1.5bn

By: Reuters     1st November 2018 Brazil's Petroleo Brasileiro SA will sell its 50% stake in a Nigerian oil and gas exploration venture to a consortium led by top oil trader Vitol for $1.53-billion, the latest step in the state-controlled oil company's debt reduction drive, according to a securities filing on Wednesday. The other... 

Santos continues Southern Amadeus farm-in

By: Esmarie Iannucci     31st October 2018 Oil and gas major Santos has informed fellow listed Central Petroleum that it would proceed with Stage 3 of the Southern Amadeus farm-in, after completing seismic works as part of the Stage 2 farm-in. Following the Stage 3 investment, Santos’ share in the EP112 permit will increase to 70%.  

ELB and NOVATEC forms partnership to combine innovation and new technologies into engineered solutions

By: Creamer Media Reporter      30th October 2018 ELB Engineering Services (Pty) Ltd (ELB) is pleased to announce a partnership agreement between ELB and NOVATEC New Technologies (NOVATEC), based in Labin, Croatia. NOVATEC is a computer engineering, process automation and system integration company and active in the South African market since... 

India extends Vedanta’s contract for Rajasthan oil, gas fields

By: Ajoy K Das     30th October 2018 The Indian government has granted a ten-year extension to Vedanta’s contract for exploration and production at the Barmer oil and gas block in the central state of Rajasthan, possibly signalling the end of litigation between the company and government. "The government, acting through the... 

EGA partners with Emirates Environmental Group to open new recycling centres in schools

26th October 2018 EGA will also plant 150 trees as part of the initiative Centres aimed at increasing awareness of recycling amongst students 

Ramaphosa declares end to 'investment strike' and unveils R290bn in commitments  

By: Terence Creamer     26th October 2018 President Cyril Ramaphosa declared an end to South Africa's proverbial 'investment strike', when he unveiled firm investment commitments of R290-billion across a diverse range of sectors, from mining and energy to infrastructure and manufacturing, at a well attended and vibrant investment... 

Mining still booming in Oz - ABS

By: Esmarie Iannucci     26th October 2018 The Australian economy reached over A$1.8-trillion in 2017/18, reflecting a 2.8% increase, new data by the Australian Bureau of Statistics (ABS) said. “Australia has now recorded its 27th consecutive year of economic growth and is performing above the 10 year average growth of 2.6%,” said ABS... 

Automatic shut-off valves improve plant safety

By: Paige Müller     26th October 2018 Valves, steam and combustion system solution provider Heaton Valves Africa (HVA), states that its extensive range of German-made Albrecht-Automatik safety shut-off systems and components, significantly improve combustion system operational safety in the industries it serves. HVA combustion... 

Progress made to deliver value-based company strategy

By: Paige Müller     26th October 2018 Integrated chemical and energy company Sasol’s 2018 financial year – which came to a close in June of this year – has proven positive in terms of realising the company’s strategy. “The company has made significant strides in bettering its organisational culture and advancing opportunities in its... 

Emerson’s New Compact, Hygienic Transmitters Meet Food And Beverage Industry Challenges

25th October 2018 The Rosemount™ 326/327 line of pressure, level and temperature instruments offers food and beverage facilities the opportunity to improve efficiency, safety, product quality and consistency. Emerson today unveiled a new line of transmitters designed specifically for hygienic applications in the... 

Govt banking on policy certainty to revive mining industry 

By: African News Agency      24th October 2018 South Africa's government is banking on recent reforms and policy certainty to revive the mining industry after production  fell by 1.7% in the first eight months of 2018 compared with an increase of 4.5% in the same period last year, Finance Minister Tito Mboweni said on Wednesday. In his maiden... 

India receives $822m investment commitment in first round of oil, gas block auction

By: Ajoy K Das     24th October 2018 India has received an investment commitment of $822-million in oil and gas exploration through agreements with successful bidders of 55 oil and gas blocks at the recently concluded maiden auction under Open Acreage Licensing Policy (OALP). Of the 55 blocks, Anil Agarwal-controlled Vedanta bagged... 

Resilient captains steer M&D Construction Group through economic turmoil

By: Creamer Media Reporter      23rd October 2018 M&D Construction Group, a leading South African Level 1 Broad-Based Black Economic Empowerment infrastructure specialist, continues to focus on recruiting and developing the leaders it needs to ensure future sustainability. Importantly, these leaders have to be able to navigate an increasingly... 

Euro Steel

23rd October 2018 Part of AFMETCO Group of Companies, Euro Steel has evolved into one of South Africa’s largest stainless steel, special steels, aluminium and other corrosion-resistant materials distributors and exporters. The company operates predominantly in all major cities in South Africa, but also has... 

Saoga upbeat about prospects for the gas industry in South Africa

By: Kim Cloete     19th October 2018 The South African Oil & Gas Alliance (Saoga) believes there are catalytic opportunities for developing the gas industry in South Africa, which have been buoyed by a renewed focus on attracting investment to the country. The two major opportunities will be the massive gas finds in neighbouring... 

Santos revenue jumps on higher oil price, volume growth

By: Esmarie Iannucci     18th October 2018 Oil and gas major Santos has reported a 6% increase in production during the third quarter ended September, while sales revenue increased by 10%. “Santos’ third-quarter results serve to highlight the benefits of a cash generative core asset portfolio and our low-cost, disciplined operating... 

BHP iron-ore output up, FY copper guidance trimmed

By: Esmarie Iannucci     17th October 2018 Diversified giant BHP has reported increases in copper and iron-ore production during the three months to September, while petroleum and coal production fell. Iron-ore production for the three months to September was up by 10% on the previous corresponding period, to 61-million tonnes of ore,... 

Wits Business School Addresses the Energy Sector Skills Shortage

By: Creamer Media Reporter      15th October 2018 The energy landscape in Africa is changing dramatically.  Opportunities abound for investments, partnerships and other initiatives in the sector, particularly in oil and gas and renewable energy. The World Bank's Africa Energy project portfolio currently carries 48 projects totalling US$3... 

Engineering firm acquires valve test bench

By: Donald Makhafola     12th October 2018 Mpumalanga-based wholly black-owned mechanical engineering company Brimis Engineering will procure a pressure relief valve test bench by the end of this month to test more than 90% of all installed safety valves currently in use in South Africa.  Global valve test and repair equipment supplier... 

Evicted Kenyans demand compensation after mining firm exits

By: Reuters     11th October 2018 Nathaniel Tumo was astounded when an excavator arrived at his farm in western Kenya four years ago and started digging for minerals, almost bringing down his house. "They started blasting a few metres away and the stones fell on my house," said Tumo, 62, his breath laboured from living alongside... 

Petrochemicals becoming largest driver of global oil demand – IEA

By: Simone Liedtke     5th October 2018 Petrochemicals are becoming the largest drivers of global oil demand, ahead of cars, planes and trucks, a study undertaken by the International Energy Agency (IEA) has revealed. Petrochemicals, which are components derived from oil and gas that are used in all sorts of daily products such as... 

Pumps offer safe bolting solutions to industries

By: Thabi Madiba     5th October 2018 With several drill ready prospects and potential for more discoveries in the oil and gas industry, hydraulic tools and bolting equipment manufacturer and supplier Hi-Force states that the South African market is constantly in need of new technologies and solutions to support growth. The TPA and... 

Economic stimulus and recovery plan

By: Riaan de Lange     5th October 2018 It is said that there are only three kinds of people in the world: those who can count and those who cannot. The stimulus and recovery plan has sevral broad parts: implementation of growth-enhancing economic reforms, reprioritisation of public spending to support job creation, the establishment... 

Company ensures safety and quality in its offering

By: Zandile Mavuso     5th October 2018 Investment into quality work apparel could lead to higher productivity and can prove to be beneficial to companies as it lasts longer and provides more protection for the workforce, says work apparel manufacturer and supplier Sweet Orr. Sweet Orr places continued emphasis on innovation, research... 

We are rooting out State capture, corruption to save and create jobs - Ramaphosa 

By: African News Agency      4th October 2018 President Cyril Ramaphosa on Thursday said his government was determined to eliminate the capture of the State and its organs through corruption which he said was one of the greatest barriers to investment and job creation in South Africa. "One of the greatest barriers to investment, growth and... 

Tullow Oil optimistic about prospects in Africa

By: Kim Cloete     2nd October 2018 Oil and gas exploration and production company Tullow Oil has outlined its sharper and deeper focus on Africa, with upbeat outlooks for its projects in both West and East Africa.   Despite a shift to cleaner energy and alternative energy sources, Tullow Oil also believes there will be strong... 

Chinese delegation to study South Africa’s mineral codes

By: Martin Creamer     2nd October 2018 South Africa’s meticulous set of mineral reporting codes has succeeded in attracting a high-ranking Chinese delegation from the Mineral Resources and Reserves Evaluation Centre of the Ministry of Land and Natural Resources (MRREC) in Beijing. South Africa’s Samcodes Standards Committee (SSC) will... 

PetroSA says it is committed to ethical leadership

By: Kim Cloete     1st October 2018 PetroSA has told international and local players in the energy space that it is committed to ethical leadership and prudent business management. “What has become pronounced is the issue of ethics in State-owned entities (SoE) and more broadly in government and elsewhere. National oil companies... 

Law firms see benefits of gazetted Mining Charter 3, MPRDA amendment Bill removal

By: Simone Liedtke     28th September 2018 To effect the necessary changes that are needed for South Africa’s economy to grow, government and industry will, moving forward, have to focus on economic assessments, instead of policy development, says law firm Webber Wentzel partner and mining sector head Jonathan Veeran. Following the... 

Venezuela, Iran uncertainties push back ONGC Videsh listing plans

By: Ajoy K Das     28th September 2018 Uncertainties over its assets in Venezuela and Iranian projects will push back the listing of ONGC Videsh. The wholly owned overseas investment arm of Indian national oil exploration and production (E&P) major, ONGC Limited has maintained that with its ventures in Venezuela and Iran in a limbo,... 

Company minimising height-access difficulties

By: Thabi Madiba     28th September 2018 Rope access specialist RopeCrew Industrial Abseiling has positioned itself as a viable alternative for those wanting to opt to use rope access as a viable method of accessing areas at height, instead of scaffolding, which is limited and costly. RopeCrew MD Gerrie du Plessis states that rope... 

Half of South Africa's stimulus plan to come from spending shift – Nene

By: Reuters     27th September 2018 South Africa's shifting budget priorities will provide roughly half of the R50-billion ($3.5-billion) in stimulus spending it plans to make by the end of its fiscal year in March, Finance Minister Nhlanhla Nene told Reuters. The rest of the fund would come from internal development finance... 

Santos aims to double production by 2025

By: Creamer Media Reporter      26th September 2018 Australian oil and gas major Santos on Wednesday outlined its plans to grow production to more than 100-million barrels of oil equivalent (mmboe) by 2025, almost doubling current levels of production. MD and CEO Kevin Gallagher said the successful delivery of the ‘transform-build-grow’ strategy... 

Queensland fires up for gas supply challenge

By: Creamer Media Reporter      26th September 2018 More explorers are on the hunt across Queensland for gas for the hungry Australian market. Natural Resources, Mines and Energy Minister Dr Anthony Lynham on Tuesday announced that four companies would soon start exploring more than 6 600 km2 for more gas for local use, as well as export dollars. 

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