R/€ = 13.46 Change: -13.33
R/$ = 12.42 Change: -12.29
Au 1253.60 $/oz Change: 5.33
Pt 968.50 $/oz Change: 4.00

Press Office - 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.


India's oil, gas companies seek minimum floor price for natural gas

By: Ajoy K Das     24th March 2017 Oil and gas exploration and production (E&P) companies in India are seeking to have the natural gas pricing regime revised to allow for the setting of a minimum rate, as a sustained fall in prices is fast eroding the economic viability of operations. The E&P companies, in a communication with the... 

Proponents see glistening future in seabed mining, but environmentalists fret

By: Megan van Wyngaardt     24th March 2017 With the current known mineral deposits on land increasingly being depleted globally, necessitating greater exploration, interest in deep-sea minerals is growing as mining companies look for future sources to exploit. “The ocean is where future resources exist,” India Council of Scientific and... 

Local supply company expands product offering

By: Simone Liedtke     24th March 2017 Designer and supplier of process equipment Zonke Engineering has added several pump types to its existing product range. 

Opportunities from the Indian Ocean Rim

By: Riaan de Lange     24th March 2017 Indian Ocean Rim Association Well, this certainly is a blast from the past. It was a long time ago. I had just joined the then South African Chamber of Business (Sacob) – on March 1, 1995 – and, within a few days, I was jetting off to Mauritius. I thought that I had hit the big time, and yes, the... 

RS Components offers 800 new Bahco tools for thousands of applications

     23rd March 2017 New tools offer specific tailored capabilities for multiple different and demanding industries RS Components (RS), the trading brand of Electrocomponents plc, the global distributor for engineers, has added over 800 products to its Bahco tool range. 

Canadian royalties, streaming firm Franco-Nevada reports rising revenues as it looks to diversify

By: Henry Lazenby     23rd March 2017 Canadian gold royalties and streaming firm Franco-Nevada Corp has recorded a 37.6% increase in revenue for 2016, boosted by record ounces delivered and soaring sales. The company, which derives income from 107 producing royalties and streams, achieved a 30.9% increase in gold-equivalent ounces... 

Russia's Alrosa expects 6% fall in first-quarter diamond sales

By: Reuters     22nd March 2017 Russian diamond miner Alrosa expects its first-quarter sales to be down 6% at $1.25-billion compared with a year ago, the state-controlled company said in a presentation for its investor day on Wednesday. Alrosa, the world's largest producer of rough diamonds, plans to increase diamond output to... 

Most rugged multi-gas detector yet sets new safety benchmark

     22nd March 2017 The new MSA ALTAIR® 4XR multi-gas detector provides real-time event notification using Bluetooth connectivity. This sets a new technological benchmark for advanced features, boosting health and safety for workers operating in hazardous or dangerous environments. The latest multi-gas detector from... 

Pioneer reports caesium resource at Dome

By: Esmarie Swanepoel     22nd March 2017 The Sinclair caesium zone, within the Dome lithium-caesium-tantalum project, in Western Australia, has been estimated to host some 10 500 t of caesium ore with a grade of 17.1% caesium oxide. Owner Pioneer Resources has told shareholders that the mineral resource was defined following 22 reverse... 

India, Iran gas deal not expected before third quarter

By: Ajoy K Das     22nd March 2017 Any definitive agreement between India and Iran on the development of the Farzad B offshore gasfields, in the Persian Gulf, seems unlikely before the third quarter of this year. Despite India’s ONGC Videsh having submitted a curtailed $3-billion development plan to the Iranian national oil... 

Qld welcomes further investment in Surat basin

By: Esmarie Swanepoel     21st March 2017 The Queensland government has welcomed an announcement by oil and gas major Shell that the QGC joint venture (JV) would drill an additional 161 wells to expand operations in the Surat basin. Shell Australia on Tuesday said that the move would enable further supply to both domestic customers and... 

TransCanada to push ahead with C$1.4bn North Montney gas pipeline earlier than expected

By: Henry Lazenby     21st March 2017 Pipeline operator TransCanada has filed a variance application with the National Energy Board to proceed with construction of the North Montney Mainline Project (NMMP) ahead of schedule. The Calgary, Alberta-based oil and gas transporter has already been granted the required federal and... 

Algerian State energy firm Sonatrach replaces CEO

By: Reuters     20th March 2017 Algerian state energy firm Sonatrach has replaced CE Amine Mazouzi after less than two years in the job, naming Abdelmoumen Ould Kadour to replace him, the energy ministry said on Monday. A statement from the ministry gave no reason for the change. Ould Kadour is an engineer who graduated from... 

India boosts drive for greater CBM extraction

By: Ajoy K Das     20th March 2017 Tweaking the rules of the current administrative regime, India’s Coal Ministry has permitted Coal India Limited (CIL) and its wholly-owned subsidiaries to extract coal bed methane (CBM) under existing coal block mining leases. The liberalisation of the rules would permit CIL to fast-track its... 

Nigerian court overturns seizure of oilfield from Shell and Eni

By: Reuters     17th March 2017 A Nigerian court on Friday overturned a request by Nigeria's financial crimes agency to seize an oilfield from Royal Dutch Shell and Eni. In January, a court had ordered the seizure of the OPL 245 oil block and transfer of operations to the federal government on the request of the Economic and... 

Appea welcomes South Australia govt’s support for gas exploration projects

By: Esmarie Swanepoel     17th March 2017 The Australian Petroleum Production and Exploration Association (Appea) has welcomed the South Australian government’s commitment to invest A$24-million to help fund five gas exploration and development projects as part of its Plan for Accelerating Exploration (Pace). South Australia Resource... 

Peugeot's Tavares and Anglo American's Cutifani to join Total board

By: Reuters     16th March 2017 French oil and gas company Total plans to appoint Mark Cutifani, CE of mining group Anglo American, and Carlos Tavares, chairperson of French carmaker Peugeot, as independent directors. Cutifani will bring his knowledge of industry and the raw materials sector to the board, while Total will also... 

Ecosse appoints new MD

By: Creamer Media Reporter      15th March 2017 Subsea technology company Ecosse Subsea Systems (ESS) has appointed Mark Gillespie as MD to strengthen the management team and introduce the new skills required to accelerate to the “next level of growth” over the next five years. The move will allow ESS founder and chairperson Mike Wilson to... 

Egypt replaces heads of state oil and gas companies

By: Reuters     15th March 2017 Egyptian Oil Minister Tarek al-Molla has replaced the heads of state oil company EGPC and state gas company EGAS, the Ministry of Petroleum said in a statement on Tuesday. Abed Ezz el-Regal will replace Tarek al-Hadidi, appointed in April 2016, as head of EGPC while Osama Al Bakly will take over... 

Parker Hannifin Celebrates 100 Years

     14th March 2017 After a Century of Growth and Innovation, Entrepreneurial Spirit of Founder Art Parker Lives On at This Global Engineering Powerhouse Parker Hannifin Corporation, the global leader in motion and control technologies, today is celebrating the 100th anniversary of its founding on March 13, 1917 and... 

Canadian industrial capacity rises on mining, quarrying gains

By: Reuters     10th March 2017 Canada's industrial capacity rose to its highest level in two years in the fourth quarter, lifted by gains in the mining and quarrying sector and a rebound in construction, data from Statistics Canada showed on Thursday. Capacity utilisation increased to 82.2% in the final three months of 2016... 

Mexico eyes US market for Trion project's crude, natural gas

By: Reuters     10th March 2017 A pipeline network with spare capacity could allow Mexico to export oil and gas from its flagship offshore Trion project to the United States, the head of Mexico's oil regulator said on Thursday.The deep water Trion development, with prospective reserves of almost 500 million barrels of oil, was... 

Laas sees German group’s interest in M&R as ‘an opportunity, not a threat’

By: Irma Venter     10th March 2017 Murray & Roberts (M&R) CEO Henry Laas views ATM Holding’s acquisition of a 25.5% shareholding in M&R, as “an opportunity, not a threat”. “I’m pretty relaxed about what is happening.” 

Royal Dutch Shell sells all but 10% of Canadian oil sands assets

By: Henry Lazenby     9th March 2017 Oil and gas major Royal Dutch Shell has agreed to sell 50% of its share in the Athabasca Oil Sands Project (AOSP), in Alberta, to oil sands major Canadian Natural Gas for $7.2-billion. Shell late on Wednesday said it would remain as operator of AOSP’s Scotford upgrader and Quest carbon capture... 

Exxon to buy stake in gas block offshore Mozambique for $2.8bn

By: Reuters     9th March 2017 Exxon Mobil Corp said on Thursday it would buy a 25% stake in a natural gas-rich block, offshore Mozambique, from Italy's Eni for $2.8-billion in cash. The offshore gas reserves discovered by Eni in Mozambique are large enough to need a giant liquefied natural gas (LNG) export plant. 

MICROMINE Russia is proud to sponsor the finalists at the 2017 Case-In International Engineering Championships.

     8th March 2017 MICROMINE Russia announced they would be sponsoring an additional place at this year’s Case-In International Engineering Championships. The purpose of the Championship is to identify and support the most promising students in the fields of mining, electric power, exploration, metallurgy and oil... 

Stakeholder engagement key to African development success

By: Henry Lazenby     7th March 2017 Capital for development ebbs and flows with global economic cycles, pushing to the fore the need for long-term regulatory security when it comes to multinational miners developing projects in Africa, said Ashanti Gold CEO and director Tim McCutcheon during a panel discussion on Africa’s mining... 

Commission approves sale of M&R’s infrastructure and building platform

By: Megan van Wyngaardt     6th March 2017 The Competition Commission has approved the sale of Murray and Roberts’ (M&R’s) infrastructure and building (I&B) platform to Firefly Investments 319, without conditions. M&R has undergone a significant restructuring in recent years that will result in it exiting the general building and civil... 

Sacoil buys majority stake in Afric Oil

By: African News Agency      6th March 2017 Sacoil, the South African based independent African oil and gas company, said on Monday that it had acquired a 71% interest in Afric Oil Group, one of the largest independent fuel distributors in South Africa. Following completion, Sacoil’s portfolio will consist of operated production activities... 

MGX expands petro-lithium land-holdings in Alberta, Utah

By: Henry Lazenby     3rd March 2017 Lithium-focused junior MGX Minerals has significantly expanded its petro-lithium land-holdings in North America by claim staking, expanding its portfolio in Alberta and Utah. The Vancouver-based miner, which operates lithium, magnesium and silicon projects throughout British Columbia and Alberta,... 

Russia's Evraz meets forecasts with 7% rise in 2016 core earnings

By: Reuters     1st March 2017 Russia's No.2 steelmaker Evraz said on Wednesday its core earnings rose 7% in 2016, benefiting from a rebound in steel prices and an improving domestic economy. The company's earnings before interest, taxation, depreciation and amortisation (Ebitda) totalled $1.54-billion, up from $1.44-billion... 

Miners pushing Australian growth – ABS

By: Esmarie Swanepoel     1st March 2017 New data by the Australian Bureau of Statistics (ABS) has confirmed that strong liquefied natural gas (LNG) exports played a key role in driving Australia’s economic growth of 1.1% in the December 2016 quarter, the Australian Petroleum Production and Exploration Association (Appea) has said. The... 

One-off items impact AECI’s top-line performance in FY16

By: Anine Kilian     28th February 2017 JSE-listed AECI on Tuesday said its core operating segments, explosives and specialty chemicals, have delivered “commendable” performances in 2016, despite a difficult domestic and global trading environment. Group revenue grew by 1% year-on-year to R18.6-billion for the 12 months to December 31,... 

Ninth Africa Energy Indaba shows growth, pointing to the energy opportunity in Africa 28th February 2017

     28th February 2017 The ninth annual Africa Energy Indaba delivered a successful week of strategic engagements, an exhibition and networking functions. The debates and discussions provided opportunity to African and national energy players in attendance that were seeking new opportunities to unlock energy access... 

Sasol says relations with Moz in ‘good space’ as new oil-find notice is issued 

By: Terence Creamer     27th February 2017 Sasol joint president and CEO Stephen Cornell has described the group’s relations with the Mozambique government as being in a “good space”, despite the country’s current fiscal difficulties, as well as periodic criticism that the country is not benefiting fully from the South African energy and... 

Anglo American to appoint Nolitha Fakude to the board

By: Natasha Odendaal     27th February 2017 Anglo American has appointed Nolitha Fakude as nonexecutive director, effective April 24. The appointment, which is subject to shareholder approval, will follow the conclusion of Anglo American’s annual general meeting. 

Ecosse Subsea Systems Chart Growth Path With Commercial Appointment

     24th February 2017 Ecosse Subsea Systems has strengthened its management team with the appointment of Iain Middleton to the newly created role of commercial manager.   The subsea and engineering technology company said the move would allow commercial director Keith McDermott to continue to pursue new business... 

Industrial automation firm to host two-day ‘automation university’ in May

By: Dylan Slater     24th February 2017 Industrial automation and information company Rockwell Automation will host a comprehensive two-day training programme – its Automation University – at Emperors Palace, in Gauteng, from May 17 to 18.  

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