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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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Molewa gazettes financial provisioning regulation amendments

By: Marleny Arnoldi     20th April 2018 Environmental Affairs Minister Dr Edna Molewa on Friday gazetted, for implementation, an amendment to the Financial Provisioning Regulations (FPR) for prospecting, exploration, mining or production operations.  

EVs not yet a market force to disrupt oil demand growth

By: Anine Kilian     19th April 2018 Short-term oil demand is still growing strong and will continue to do so through the end of 2020, a trend taking place despite the market’s increasing focus on electric vehicles (EVs) and the forecasted future plateau in oil demand, according to a new report from IHS Markit’s oil and gas team.... 

Santos production falls in Q1

By: Esmarie Swanepoel     19th April 2018 Planned maintenance has seen oil and gas major Santos’ first-quarter production decline by 1.2-million barrels of oil equivalent, compared with the previous quarter, to 13.8-million barrels of oil equivalent. The ASX-listed major told shareholders on Wednesday that planned maintenance in Moomba... 

Woodside plans Pluto LNG expansion

By: Esmarie Swanepoel     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... 

Industry urges quick gas ramp up as Northern Territory gives fracking green light

By: Esmarie Swanepoel     17th April 2018 The Northern Territory government will lift a near two-year moratorium on fracking, accepting all 135 recommendations made by a recent independent inquiry. Chief Minister Michael Gunner said on Tuesday that the implementation of the recommendations in the inquiry report would begin, noting that... 

AfriForum, TKAG welcome Shell’s indication to withdraw from shale gas exploration

By: Anine Kilian     16th April 2018 AfriForum and the Treasure THE Karoo Action Group (TKAG) view Shell South Africa’s indication of its intention to withdraw from shale gas exploration in the Karoo as a major victory for those who care about the environment, TKAG said in a statement on Monday. The Herald last week reported that... 

Rand-Air ‘amps up’ to meet increased demand from customers with major investment in generator fleet

     16th April 2018 Consistent and reliable electrical power supply is an absolute necessity for the smooth functioning of all sectors of industry and modern society today. Over the past few years in South Africa, there has however been growing uncertainty about the reliability of regular AC mains supply. This has... 

South Africa set to play significant role in Congo potash project 

By: Martin Creamer     16th April 2018 South Africa is likely to play a significant role in the development and construction of the large new potash mine and processing plant that is being planned in the Republic of Congo (RoC) at an expected capital cost of $2-billion. Potentially one of the lowest operational cost potash projects in... 

New Zealand bans new permits for offshore oil and gas exploration

By: Esmarie Swanepoel     13th April 2018 The New Zealand government has announced that no new future offshore oil or gas exploration permits would be granted, in a bid to address climate change. “All three of the parties in this government are agreed that we must take this step as part of our package of measures to tackle climate... 

International Frontier partnership spuds first hole at Mexican Tecolutla block

By: Henry Lazenby     13th April 2018 Calgary-based oil and gas developer International Frontier Resources (IFR) announced on Thursday that the first evaluation well, TEC-10, has been spudded at its onshore Tecolutla block, in Mexico, which it is developing in partnership with Mexican joint venture (JV) partner Tonalli Energia. The... 

SA firm’s high-capacity air hoists making inroads into global oil and gas, marine sectors

By: Schalk Burger     13th April 2018 Industrial pneumatic equipment manufacturer ATS 2000 is reporting significant demand for its high-capacity air hoists in the international oil and gas market and for industrial and marine applications, says ATS 2000 MD Glenton Rebello. The company has manufactured four 60 t air hoists at its... 

Hail, Ghasha and Dalma sour gasfields megaproject, United Arab Emirates

By: Sheila Barradas     13th April 2018 The megaproject will tap into Abu Dhabi’s Upper Jurassic Arab formation, which is estimated to hold multiple trillions of cubic metres of recoverable gas. 

India proposes bringing LNG terminals within the PNGRB regulatory framework

By: Ajoy K Das     11th April 2018 India’s upstream oil and gas sector regulator, Petroleum and Natural Gas Regulatory Board (PNGRB), has proposed to bring all new liquefied natural gas (LNG) storage and regasification projects under its regulatory framework. The regulator’s draft 'Petroleum and Natural Gas Regulatory Board... 

Energas introduces new Mokveld Typhoon Valve System

     9th April 2018 After more than a decade of development and testing in diverse applications, Mokveld’s Typhoon Valve System is now ready for commercial use. The technology is also now available locally through Mokveld’s distributor in South Africa, Energas Technologies, a leading supplier of high-end and... 

Norway unions, employers agree wage deal, averting strike

By: Reuters     9th April 2018 Norway's private-sector trade unions reached a deal on Sunday with employers over wages, pensions and other compensation, averting the outbreak of major strikes, a state-appointed mediator said after five days of negotiations. Almost 35 000 employees had been scheduled to go on strike if no... 

SMEC Develops Master Plan for an Oil and Gas Industrial Park in Uganda

     9th April 2018 Global consulting engineering firm SMEC, part of the Surbana Jurong Group, was engaged by the Ministry of Energy and Mineral Development of Uganda to develop a Master Plan for an Oil and Gas Industrial Park in Kabaale, western Uganda. As a result of the discovery of oil in the region, and the... 

Queensland awards Santos exploration rights near Injune

By: Esmarie Swanepoel     6th April 2018 Oil and gas major Santos and its Gladstone liquefied natural gas (GLNG) partners have been granted the rights to explore for gas near Injune, in Queensland. Queensland Mines Minister Dr Anthony Lynham said Santos and its joint venture (JV) partners Total, Petronas, Kogas and Australia Pacific... 

Commissioning under way on Kenya’s new multipurpose pipeline

By: John Muchira     6th April 2018 Kenya was last week set to commission a multipurpose pipeline from the coastal city of Mombasa to the capital, Nairobi, in a major milestone in its quest to enhance efficiency in the transport of petroleum products. Construction of the $470-million pipeline, implemented by the Kenya Pipeline... 

Efficiency certification achieved for new project

     6th April 2018 Multidisciplinary engineering consultancy WSP Africa has achieved an EDGE Preliminary Certification for the new Balwin Properties residential apartments project - The Polo Fields; setting a benchmark for sustainable residential developments of the future in the country, and the continent. The... 

IoT security spending set to increase in 2018

By: Schalk Burger     6th April 2018 Research and advisory multinational Gartner forecasts that worldwide spending on Internet of Things (IoT) security will reach $1.5-billion in 2018, a 28% increase from 2017’s spending of $1.2-billion. Spending on IoT security is increasing, and a survey has revealed that one in five organisations... 

Angola seeks to further expand its diamond sector against a backdrop of rising output

By: Rebecca Campbell     6th April 2018 Angola’s diamond exports in January brought in the second highest price per carat ($136.24) for monthly sales since October 2016, the Portuguese news agency Lusa has reported. The highest price per carat ($138.60) for monthly sales in this period was achieved in November last year.  

Gold price seen 'moving north' as world fails to replace output

By: Bloomberg     5th April 2018 Bullion prices are set to rise because there’s been a lack of exploration and the global industry isn’t replacing the reserves it’s been mining, according to Stephen Letwin, CEO at Iamgold. “Gold has a much higher probability of moving north as opposed to south,” Letwin said in an interview at... 

CAPP urges feds to ensure Canadian oil, gas benefit from growing global energy demand

By: Henry Lazenby     4th April 2018 Despite surging demand globally for all forms of energy, Canada’s oil and natural gas industry is at risk as the cumulative effect of federal and provincial policies and regulations are fast thinning the country’s market opportunity by thwarting industry growth, competitiveness and market access,... 

Revitalised demand growth to buttress molybdenum prices

By: Reuters     4th April 2018 Healthy demand for molybdenum rich stainless steel, especially from the oil and gas industry, plus sluggish supply growth are expected to keep the price of this minor metal riding high. Molybdenum prices at nearly $13/lb are at their highest since 2014, having more than doubled since December 2015. 

Santos shares jump on A$13.5bn bid from Harbour Energy

By: Esmarie Swanepoel     3rd April 2018 Energy investor Harbour Energy has made a A$13.5-billion offer for oil and gas major Santos, offering shareholders $4.98 a share, or A$6.50 equivalent. Harbour has previously made three unsolicited offers for Santos, the last of which was priced at A$6.37 a share. 

Gas seen playing key role in Africa’s decentralised power landscape

By: Schalk Burger     30th March 2018 Africa is aiming to raise its installed power generation capacity by 250 GW by 2030. Liquefied natural gas (LNG) can serve as a baseload energy source and gas-powered generation assets can be built modularly and scaled up as use increases, says modular infrastructure, engineering services and gas... 

India extends last date of auction bids for oil and gas fields

By: Ajoy K Das     28th March 2018 Expecting greater response from international oil and gas exploration and production (E&P) majors, the Indian government has extended by a month the last date for submission of bids for 55 oil and gas blocks under the newly framed Open Acreage Licensing Policy (OALP). Government officials said... 

Construction set to begin on ‘flagship’ 40 MW Moz solar project

By: Terence Creamer     28th March 2018 Oslo-listed renewable-energy developer Scatec Solar, which has its African regional hub in Cape Town, South Africa, expects to begin constructing a 40 MW solar photovoltaic (PV) project in Mozambique in the coming weeks after the project reached financial close in early March. GM and VP for... 

Congo's 2017 mining revenue up 36% while oil revenue doubles

By: Reuters     26th March 2018 Democratic Republic of Congo's 2017 mining sector revenue rose 35.6% to $822.2-million while revenue from the oil and gas sector jumped by 103% to $203.9-million, finance ministry data showed. Mining revenue in the fourth quarter more than doubled helped by higher prices for key exports such as... 

IoT security spending set to increase in 2018

By: Schalk Burger     23rd March 2018 Research and advisory multinational Gartner forecasts that worldwide spending on Internet of Things (IoT) security will reach $1.5-billion in 2018, a 28% increase from 2017’s spending of $1.2-billion. Spending on IoT security is increasing, and a survey has revealed that one in five organisations... 

Retrofits improve pump systems performance

By: Donald Makhafola     23rd March 2018 South Africa-based global pump supplier Sulzer is considering innovative ways to assist its clients to save time, decrease costs and mitigate carbon emissions while also working on complying with national environmental, health and safety regulations, says Sulzer retrofit segment manager Richard... 

Norway optimistic Ramaphosa will restore predictability to business environment

By: Terence Creamer     22nd March 2018 The Norwegian government is optimistic that the new South African government, led by President Cyril Ramaphosa, will promote a more stable and predictable business environment that is conducive to higher levels of trade and investment between the two countries. Deputy Foreign Affairs Minister... 

Nopsema approves Barossa-Caldita plans

By: Esmarie Swanepoel     21st March 2018 The Barossa-Caldita offshore project has taken a major step forward with Australia’s offshore petroleum regulator approving the project proposal. Oil and gas major Santos on Wednesday reported that the National Offshore Petroleum Safety and Environment Management Authority (Nopsema) had assess... 

Marijuana is the new gold as former Canada miners go to pot

By: Bloomberg     19th March 2018 Turns out, it may be easier to strike gold by growing green. Just ask Jay Wilgar, a former wind power developer who started a medical marijuana company with friend Travis Kanellos after hatching the idea while lifting weights at a gym. When they began looking at ways to take their startup... 

Port of Mossel Bay positioned to be a catalyst for economic development of the Garden Route

     19th March 2018 Despite being the smallest of the commercial ports along the South Africa coast, the Port of Mossel Bay is an important contributor to the economy of the Garden Route and Southern Cape says Nico Walters, General Manager: Strategy at Transnet National Ports Authority (TNPA). Delivering his keynote... 

Erin Energy widens loss despite higher oil price lifting revenue

By: Simone Liedtke     16th March 2018 Oil and gas exploration and production company Erin Energy has widened its net loss to $151.9-million, or $0.71 a share, in 2017, from $142.4-million, or $0.67 a share in 2016. The loss comes despite a 30% increase in revenue to $101.2-million and lower exploration and production expenses. The... 

M&R awarded R3.8bn in underground mining contracts

By: Marleny Arnoldi     16th March 2018 Engineering and construction group Murray & Roberts (M&R) on Friday announced that it had been awarded new underground mining projects in North America and Australasia to the value of R3.8-billion.  

Increased demand for user-friendly measuring equipment

By: Paige Müller     16th March 2018 Optimass Coriolis mass flowmeters supplied by industrial process instrumentation manufacturer and supplier KROHNE, now all include Entrained Gas Management (EGM’s) algorithm technology. The EGM algorithm has greatly improved flowmeter capabilities, says KROHNE national sales manager Clayton... 

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