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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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Africa has opportunity to supply more gas to China

By: Marleny Arnoldi     Updated 4 hours ago Gas demand is expected to overtake coal demand globally by 2030, says Standard Bank Southern Africa oil and gas head Paul Eardley-Taylor. Speaking at Africa Gas Forum, on Monday, he stated that global energy demand was increasing by 1.3% a year, while gas demand was increasing at between 1.7% and... 

Africa must have clear plan for using its gas reserves

By: Marleny Arnoldi     Updated 5 hours ago It is vital that Africa has a clear and cohesive vision in place for how it plans to use its gas reserves, says New Partnership for Africa's Development Business Foundation senior project manager John Rocha. Speaking at the Africa Gas Forum, on Monday, he pointed out that African countries have... 

AECOM hones regional focus with integration of its Middle East and African operations

By: Creamer Media Reporter      Updated 5 hours ago “We are incredibly proud to be involved in some of the biggest infrastructure projects across Africa, including the $1.5 billion Tema Port Expansion Project for Meridian Port Services in Ghana,” said Joe Ndala, AECOM’s Managing Director of South Africa and Chief Financial Officer for the African... 

Reatile acquires 37.54% stake in Pragma Holdings

15th February 2019 The Reatile Group, an investment holding company, has acquired a 37.54% stake in Pragma, one of SA’s leading enterprise asset and facilities management companies. This move enhances Pragma’s potential international growth, while accelerating the organisation’s transformation agenda. “I’ve been... 

NT moves to clarify offshore oil, gas industry’s nuclear waste obligations

By: Esmarie Iannucci     15th February 2019 The Northern Territory has passed the Nuclear Waste Transport Storage and Disposal (Prohibition) Amendment Bill, providing the offshore oil and gas industry with a blueprint of their obligations around the management of nuclear waste. The nuclear waste covered by the Bill included naturally... 

The world still doesn’t have enough places to plug in cars

By: Bloomberg     15th February 2019 Even in the biggest electric vehicle markets, a driver venturing too far from home can have a hard time finding a place to recharge. Try your luck on California’s Pacific Coast Highway. The roughly 600-mile route between San Diego and San Francisco has dramatic sea cliffs, off-the-grid retreats,... 

As renewables soar, BP sees China hitting brakes on energy growth

By: Reuters     14th February 2019 Global demand for renewable power will soar at an unprecedented pace over the coming decades, BP said in a benchmark report on Thursday, while China’s energy growth is seen sharply decelerating as its economic expansion slows. Still, China is set to remain the largest energy consumer by a long... 

India hands over national oil company assets to private investors

By: Ajoy K Das     14th February 2019 Finally overruling strident opposition, the Indian government has approved taking away smaller discovered oil and natural gas blocks of its national oil exploration and production (E&P) majors and allocating them to private investors through auctions. The move, criticised by a section in... 

Aker Energy eyes IPO after submitting Ghana oilfield plan in March

By: Reuters     14th February 2019 Norwegian oil company Aker said on Thursday that its exploration start-up in Ghana will submit development plans to Ghanaian authorities in March and the parent will then decide whether to sell stakes via an initial public offering or other means. The subsidiary, Aker Energy, plans to develop the... 

Total Announces Ground-breaking Oil Discovery 175km Off the Southern Coast of South Africa

By: Creamer Media Reporter      13th February 2019 The recent gas condensate discovery by Total South Africa, 175km off the southern coast of South Africa, has set the stage for a significant contribution to the nation’s economic development as it will assist in reducing dependency on imports of oil and gas, notwithstanding the considerable... 

Beach more than doubles H1 revenues

By: Esmarie Iannucci     13th February 2019 Oil and gas producer Beach Energy has reported a 147% increase in sales revenue for the first half of 2019, and a 199% increase in underlying net profits after tax. The ASX-listed company on Wednesday announced that sales revenue for the six months to December had reached A$955-million as... 

First US coal plant in years opens where no options exist

By: Bloomberg     11th February 2019 One way to boost coal in the US: Find a spot near a mine with no access to oil or natural gas pipelines, where it’s not particularly windy and it’s dark much of the year. That’s how the first coal-fired plant to open in the US since 2015 bucked the trend in an industry that’s seen scores of... 

Reatile acquires 37.54% stake in Pragma Holdings

By: Tasneem Bulbulia     8th February 2019 Investment holding company Reatile Group has acquired a 37.54% stake in enterprise asset and facilities management company Pragma; thereby enhancing Pragma’s potential international growth, while accelerating the organisation’s transformation agenda. Pragma CEO and founder Adriaan Scheeres... 

Total makes significant discovery off South Africa’s southern coast

By: Nadine James     7th February 2019 Petroleum company Total has made a significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, the company announced on Thursday. Located 175 km off the southern coast of South Africa, the Brulpadda well encountered 57 m of net gas condensate... 

Lesedi to assist Mozal in its aluminium expansion project

By: Kim Cloete     7th February 2019 South African engineering, procurement and construction (EPC) company Lesedi has recently been awarded a contract to assist South32’s Mozal aluminum plant in its expansion project. The $38-million AP3XLE energy efficiency project was approved in the third quarter of 2017 and started the rollout... 

Centrica, Tokyo Gas sign deal to buy LNG from Mozambique

By: Reuters     5th February 2019 British energy supplier Centrica and Tokyo Gas have agreed to jointly buy 2.6-million tonnes of liquefied natural gas (LNG) a year from Mozambique LNG Company, the firms said on Tuesday. Centrica LNG Company, a subsidiary of Centrica, and the Japanese energy company said the LNG would be... 

Mining green shoots sprouting – Minerals Council 

By: Martin Creamer     4th February 2019 Green shoots are sprouting in South Africa’s mining sector, which is readying for new take off, Minerals Council South Africa CEO Roger Baxter said on Monday. In a briefing on the State of the Mining Nation on the sidelines of the opening day of the Investing in African Mining Indaba, Baxter told... 

Anadarko signs long-term deal with CNOOC for Mozambique gas

By: Reuters     1st February 2019 Anadarko Petroleum Corp said on Friday a long-term agreement had been signed with the trading division of China's state-owned offshore oil and gas producer CNOOC to supply liquefied natural gas (LNG) from Mozambique. The deal will bring it one step closer to making a final investment decision for... 

Anadarko wants armoured vehicles for Mozambique gas project

By: Bloomberg     1st February 2019 Anadarko Petroleum Corp wants a fleet of at least six vehicles with armor heavy enough to stop AK-47 bullets at its natural-gas project in Mozambique. And it needs them soon. The company called for expressions of interest from potential suppliers of so-called B6 specification vehicles, and also... 

Aurora takes an axe to Molopo valuation

By: Esmarie Iannucci     1st February 2019 Aurora Funds Management has again downgraded the valuation of its shareholding in ASX-listed Molopo Energy, following that company’s quarterly results for December. Aurora in September of last year announced that the fair value of its holding in Molopo had been reduced from 3.6c a share to 2.6c... 

India receives 145 bids for 25 small oil, natural gas fields at auction

By: Ajoy K Das     31st January 2019 The second round of auction of 25 discovered small fields (DSF) in the Indian oil and natural gas sector has received 145 bids from 39 investors, including six foreign companies, the sector regulator has reported. The Directorate General for Hydrocarbons (DGH) states that domestic oil and natural... 

Beach hikes FY production guidance after strong first half

By: Esmarie Iannucci     31st January 2019 Australian oil and gas major Beach Energy has revised its full year production expectations for 2019, after a better-than-expected first half. The ASX-listed company is expecting full-year production to reach between 28-million and 29-million barrels of oil equivalent, up from the previous... 

India to look at mining agreements during Argentine President's visit

By: Ajoy K Das     30th January 2019 India is preparing the groundwork to sign a slew of bilateral agreements with Argentina encompassing nuclear energy, and the mining of copper, lithium and cobalt during the visit of Argentine President Mauricio Marci, next month. The Argentine President will be leading a high-level business... 

Group Five says pursues counter claims in aborted Kpone power project

By: African News Agency      30th January 2019 Construction engineering company Group Five said on Wednesday its legal team was still pursuing its contractual rights and entitlements for payment, including the recovery of damages and other claims, against Cenpower Generation Company over what it called the unlawful termination of the Kpone... 

Xstate teams up with Hillcrest in North American hunt

By: Esmarie Iannucci     29th January 2019 ASX-listed Xstate Resources has struck a deal with TSX-listed Hillcrest Petroleum to jointly hunt for oil and gas acquisitions onshore Canada and the US. Xstate told shareholders that the alliance will be the primary investment vehicle for material investments by either party in the North... 

International Plastics Pipes Bodies Issue Advisory For Substandard Pipe Used In Oil, Gas And Other Fields

24th January 2019 The Southern African Plastic Pipe Manufacturers Association (SAPPMA) has added its voice to a recent warning about substandard high-density polyethylene (HDPE) pipes that do not comply with relevant product standards, issued by the Plastics Pipe Institute, Inc. (PPI) - the major North American... 

Santos books Q4 revenue of A$1bn

By: Esmarie Iannucci     24th January 2019 Oil and gas major Santos has reported record sales revenue for the three months to December, on the back of a 6% increase in production. Sales revenue during the December quarter reached more than A$1-billion, up 7% on the previous quarter, with Santos also reporting record quarterly liquefied... 

GETI provides insights into talent environment for energy sectors

By: Tasneem Bulbulia     22nd January 2019 The third annual Global Energy Talent Index (GETI), the world’s largest energy recruitment and employment trends report, was released on Tuesday, and offered insights into five industry subsectors – oil and gas, renewables, power, nuclear and petrochemicals. The report, compiled by Airswift and... 

Africa's position as the world's hottest oil and gas frontier to be entrenched this year

By: African News Agency      22nd January 2019 The year ahead will be key for the advancement of new exploration and production development projects from West to East Africa in the hydrocarbons market, entrenching the continent’s position as the word’s hottest oil and gas frontier, the African Energy Chamber (AEC) has said. The year however... 

Gas flows from Van Gogh

By: Esmarie Iannucci     22nd January 2019 Oil and gas major Santos has produced first oil from its Van Gogh infill project, in the Exmouth Basin, offshore Western Australia, marking the completion of the two-well programme that is expected to increase production from the field. The Van Gogh field is one of three subsea field... 

SA has good policies but lacks implementation – Trade and Industry official

By: African News Agency      18th January 2019 South Africa has some of the best economic policies in the world but fails when it comes to implementing them, a senior government official said on Friday. The deputy director-general of special economic zones and economic transformation at the department of trade and industry Sipho Zikode also... 

UGL wins A$200m in service contracts

By: Esmarie Iannucci     18th January 2019 Project house CIMIC Group was expecting to generate revenue of around A$200-million from a range of new maintenance and service contracts in the Australian oil and gas sector. CIMIC on Friday reported that its subsidiary UGL had secured a maintenance and turnaround services contract with US... 

Roadshow highlights motion control products to industry

By: Halima Frost     18th January 2019 Electrical solutions provider Magnet Group hosted a roadshow with about five of power management company Eaton’s technicians in October to highlight Eaton’s DILM range of contractors, circuit breakers and overload relays to Magnet clients and end-users. The roadshow, which visited the Durban,... 

Woodside Q4 revenue jumps 43%

By: Esmarie Iannucci     17th January 2019 Australian oil and gas major Woodside has reported a 43% increase in sales revenue for the fourth quarter of 2018, compared with the previous corresponding period, and a 10% increase in production. Woodside on Thursday reported that production during the three months to December had reached... 

Woodside awards Scarborough contracts ahead of FID next year

By: Esmarie Iannucci     16th January 2019 Australian oil and gas major Woodside is pushing ahead with the development of its $11-billion Scarborough gas project, announcing four contract awards for front-end engineering design activities. CEO Peter Coleman said the award of the contracts would support the project schedule and Woodside’s... 

Mnangagwa seeks cash in Russia as Zimbabwe descends into chaos

By: Bloomberg     15th January 2019 Zimbabwean President Emmerson Mnangagwa said he’s seeking loans from Russia on a visit to Moscow as protests erupted across his country Monday, leaving 24 people injured and five possibly dead. “I can’t say that we want this much or that much,” he said in an interview with the state-run Russian... 

Santos extends Beach/Senex agreements

By: Esmarie Iannucci     10th January 2019 Australian oil and gas major Santos has extended its gas processing agreement with ASX-listed Beach Energy and Senex Energy. The gas processing agreement extensions are expected to result in the production of up to 18 TJ of sales gas per day, or 20 PJ over the three-year term. 

Qld LNG exports reach new heights

By: Esmarie Iannucci     8th January 2019 Liquefied natural gas (LNG) exports through the Port of Gladstone reached a record 20.58-million tonnes in 2018, the Queensland Resources Council (QRC) has revealed, reaffirming the sector’s importance to the Queensland economy. QRC CEO Ian Macfarlane said the data released by Gladstone Ports... 

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