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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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Santos redeems notes

By: Esmarie Swanepoel     Updated 1 hour 2 minutes ago Oil and gas major Santos will redeem its €1-billion subordinate notes issued in 2010, in line with a strategic focus to reduce debt and costs, and on prudent capital management. The notes to be redeemed are Santos’ most expensive debt instrument, and replacing it with more efficient long-term... 

BHP makes board changes

By: Esmarie Swanepoel     Updated 1 hour 4 minutes ago Mining major BHP has appointed Terry Bowen and John Mogford to the board as independent non-executive directors, effective from October 1. Bowen has more than 25 years experience across a range of sectors, and was the finance director of Wesfarmers for the past eight years. 

Ghana, Equatorial Guinea presidents to sign LNG deal

By: Reuters     22nd August 2017 Ghana's President Nana Akufo-Addo plans to sign an agreement to import liquefied natural gas (LNG) from Equatorial Guinea during his three-day visit to the Gulf of Guinea petroleum producer due to begin on Monday, his office said. Though an oil and gas producer in its own right since its flagship... 

Mozambique to set up independent fund to invest mineral sales income

By: Reuters     22nd August 2017 Mozambique's government plans to set up a sovereign investment fund where taxes paid on sales of the country's minerals will be used to finance development projects, State-run AIM news agency said on Monday quoting the finance minister. Minister of Economy and Finance Adriano Maleiane said the... 

Australia warns multinationals over tax as Chevron drops appeal

By: Esmarie Swanepoel     21st August 2017 US oil and gas major Chevron has withdrawn its High Court appeal over a A$340-million bill from the Australian Taxation Office (ATO). The withdrawal means that the Full Federal Court decision of April is now final. 

Funds to go for BHP's jugular if miner doesn't deliver goods

By: Bloomberg     21st August 2017 BHP Billiton’s truce with activist investors led by billionaire Paul Singer won’t last long if the world’s biggest mining company doesn’t pump up returns and deliver on strategic reform in the wake of its expected bumper profit report this week. The naming in June of BHP’s youngest director Ken... 

Turkish firms set for $64bn spending spree to leave home

By: Bloomberg     21st August 2017 Robert Yuksel Yildirim had barely been at the family’s construction-materials business a year before the company won its first international contract. Now, it’s a conglomerate with interests in mining, ports and chemicals across 28 countries. Twenty four years after the deal to import coal... 

WorleyParsons developing black enterprises 

By: Martin Creamer     21st August 2017 Project delivery and engineering consultancy WorleyParsons RSA is answering South Africa’s call for broader economic participation and transformation. The local company, which is part of the Australian Securities Exchange-listed WorleyParsons engineering group that serves the resources and energy... 

Fracking jobs prove elusive for coal miners looking to switch

By: Bloomberg     18th August 2017 Robert Dennis has mined coal in West Virginia for 10 years but a recent evening found him in a classroom at his local community college. He came to learn about opportunities in fracking, a drilling technique used to produce natural gas — the very fuel that is threatening coal’s future. “I know... 

Ferguson calls on NT govt to reconsider fracking stance

By: Esmarie Swanepoel     18th August 2017 The Australian Petroleum Production & Exploration Association (Appea) has called on the Northern Territory government to reconsider its stance on hydraulic fracturing (fracking), saying an onshore gas industry in the region could deliver new sources of stable, long-term revenue for the Territory... 

Alkoxylation plant project, China

By: Sheila Barradas     18th August 2017 The new production unit will modernise and expand Sasol’s current alkoxylation capacity, research and development facility and technical support capability, in Nanjing. 

Origin widens losses in FY17

By: Esmarie Swanepoel     16th August 2017 Oil and gas producer Origin Energy has widened its statutory loss for the 2017 financial year, from A$628-million reported at the end of 2016, to A$2.22-billion. The company earlier warned of a A$1.2-billion post tax impairment on the second half of the 2017 financial year, driven by a... 

Pullback in US fracking sand use pressures producers

By: Reuters     16th August 2017 US shale oil companies are pulling back on the amount of sand they use to hydraulically fracture new wells, responding to rising prices of the material that are driving up costs. Investors worry a slowdown in sand use, combined with new mining capacity coming online, could lead to a glut of the... 

$690m impairment warning from Santos

By: Esmarie Swanepoel     15th August 2017 Oil and gas major Santos has warned of a $690-million non-cash impairment charge for the half-year ended June. The company on Tuesday told shareholders that the impairment resulted from changes to the carrying value of its assets, brought on by changing oil prices, exchange rates, discount... 

Erin Energy starts drilling at Oyo-9 well

By: Creamer Media Reporter      14th August 2017 Oil and gas exploration and production company Erin Energy Corporation has started drilling of the Oyo-9 well, offshore Nigeria. The well is being drilled with the Pacific Bora sixth-generation drilling rig and is expected to take about 62 days to complete. 

Santos to redirect gas to Pelican Point power station

By: Esmarie Swanepoel     14th August 2017 Oil and gas producer Santos reported on Monday that it had signed an agreement to redirect gas to the Pelican Point power station, to support South Australia’s energy needs. Starting in January next year, Santos will supply 15 PJ of electricity to the power station, through a mix of gas from the... 

Canada's MGX Minerals sets out to lead way from oil to petrolithium

By: Reuters     12th August 2017 A small Canadian miner has set out to lead the way into petrolithium production, combining oil for conventional vehicles with lithium for electric vehicles (EV) produced from oilfield waste water. Shares in MGX Minerals have doubled this year as investors seek exposure to the predicted electric... 

Britain's Tullow launches oil, gas exploration in Zambia

By: Reuters     11th August 2017 British company Tullow Oil on Friday started exploring for oil and gas in Zambia, Africa's No.2 copper producer, as the country pushes to diversify its economy and reduce its reliance on the industrial metal. Copper mining earns Zambia more than 70% of its foreign exchange but the southern... 

Eni, Anadarko to build LNG terminals in Mozambique

By: Reuters     11th August 2017 Italy's Eni and US oil and gas firm Anadarko signed agreements with the Mozambique government on Thursday to build two liquefied natural gas terminals in the southern African country. The terminals will be built in Cabo Delgado province, where Mozambique has made massive gas discoveries that... 

Oil and gas companies falling victim to cyberattacks

By: Schalk Burger     11th August 2017 Information technology-based cyberattacks are being used to disrupt oil and gas companies or hold them to ransom, while subversion of legitimate software allows criminals to steal from and defraud them, says global cybersecurity firm Kaspersky Lab Critical Infrastructure Protection business... 

Booming end-user industries and adoption of premium footwear will drive new growth opportunities, finds Frost & Sullivan’s Visionary Science team

     10th August 2017 The Western European protective footwear market continues to pick up pace, driven by technology advancements and end-user preference for comfortable, aesthetically appealing, ergonomically designed, lightweight footwear that offer mandated protection levels. Iberia will be a hotspot while... 

Prospex seeks to tap into Romania’s hydrocarbon potential with gas acquisition

By: Mariaan Webb     10th August 2017 Aim-quoted investment firm Prospex Oil & Gas has acquired a foothold in Romania’s oil and gas industry with the acquisition of an interest in the EIV-1 Suceava concession. Prospex bought 50% of the concession, which is located in north-east Romania, for €750 000 and entered into a joint operating... 

M&R says Australia maintenance contract a signal of future strategic intent

By: Terence Creamer     10th August 2017 The oil and gas unit of Murray & Roberts (M&R) has been awarded a five-year contract to perform maintenance services at a liquid ammonia plant and a technical ammonium nitrate (TAN) plant on the Burrup Peninsula, in Western Australia. Norway’s Yara International, which owns the facilities,... 

Origin Energy warns of A$1.2bn impairments

By: Esmarie Swanepoel     10th August 2017 Oil and gas producer Origin Energy has warned of a A$1.2-billion post tax impairment for the second half of the 2017 financial year. The company told shareholders on Thursday that it expected an impairment charge on the Australia Pacific liquefied natural gas (APLGN) project, which would result... 

Chicago Pneumatic provides vital illumination for oil and gas project in Kuwait

     10th August 2017 Chicago Pneumatic has secured a major sale of its tough and efficient light towers in Kuwait after its authorised distributor General Transportation & Equipment Company (GTE) placed an order for 100 CPLT V15 metal halide models. The light towers will provide crucial illumination for an oil and... 

Franco-Nevada stocks rise as revenue ratchets up; on the prowl for new precious metals, oil & gas deals

By: Henry Lazenby     9th August 2017 The NYSE-listed stock of royalty and streaming company Franco-Nevada on Wednesday gained nearly 5% following the company on Tuesday reporting increased revenues and profit for the three months ended June. The Toronto-based company that does not operate mines, develop projects or conduct... 

Income investors run for cover as dependable UK dividends in jeopardy

By: Reuters     9th August 2017 Attractively high dividend payouts by companies listed on Britain's stock market could be in danger. The sectors currently delivering the biggest dividends -- those that have kept yield-hungry investors in the UK market -- are showing signs of strain. 

Sunrise Energy's R1bn LPG storage facility to boost energy security, downstream competition

By: Anine Kilian     7th August 2017 Sunrise Energy's R1.02-billion open-access liquefied petroleum gas (LPG) import and storage terminal, in Saldanha Bay, in the Western Cape, will enable the import of LPG in large quantities, boosting regional energy security and increasing downstream competition. The facility, which is Africa's... 

Legal and policy certainty required if gas economy is to be realised

By: Mia Breytenbach     4th August 2017 Key factors that will influence the establishment of a gas economy in South Africa include the passing of the amended Mineral and Petroleum Resources Development Act (MPRDA) and greater clarity regarding the expected and stated imports of liquefied natural gas (LNG), says South African Oil and... 

Now is the time to build a new oil refinery

By: Kelvin Kemm     4th August 2017 The more I look at large projects all over the world, the more I am convinced that they all relied on inspired leadership and a significant element of inspired risk taking. It is well known that, if you put your money into an investment, the financial return is least for the lowest risk. The... 

BP's West Africa partner Kosmos to list in London by end-September

By: Reuters     2nd August 2017 Kosmos Energy, which is exploring for gas offshore Senegal and Mauritania with oil major BP, will list on the LSE by the end of September in a bid to attract more European investors, it said on Wednesday. Kosmos, which has been listed in New York since 2011, announced a major gas find in... 

Localisation in infrastructure development in SADC critical for industrialisation

By: Anine Kilian     1st August 2017 Localisation in infrastructure development across the Southern African Development Community (SADC) region is critical for industrialisation, according to African Integration and Industry chief director Nigel Gwynne-Evans, who spoke at the SADC Industrialisation Week in Johannesburg on Tuesday.... 

Origin reports substantially higher production and sales revenue

By: Esmarie Swanepoel     31st July 2017 Oil and gas producer Origin Energy on Monday reported a 12% quarter-on-quarter production increase and said its full-year production surged by 40%. During the fourth quarter, ended June, Origin produced 89.2 PJe, compared with the 79.7 PJe produced in the third quarter, while full-year production... 

Karoon hunts for JV opportunities in Brazil

By: Esmarie Swanepoel     31st July 2017 ASX-listed Karoon Gas has struck a deal with German oil and gas company DEA Deutsche Erdoel to hunt for oil and gas assets offshore Brazil. “This agreement is significant in the context of realising Karoon’s strategic ambitions to acquire meaningful oil production in Brazil. Having such a... 

APLNG hits another milestone

By: Esmarie Swanepoel     28th July 2017 Australian oil and gas resources major Origin Energy on Friday reported that it had completed the 90-day operational phase of the two-train project finance lenders' test at the Australia Pacific liquefied natural gas (APLNG) project, in Queensland. Origin noted that all other elements of the... 

BMI AIR introduces the BOGE range of air compressor, technologies

     28th July 2017 Mining and Industrial machinery supplier BMI Group’s subsidiary BMI Air has been appointed as the Southern Africa distributor for BOGE compressed air systems and related technologies. “The BOGE compressed air range, from Germany, will complement our existing range of air and industrial products... 

Gas-to-power a more favourable alternative energy source

By: Nica Schreuder     28th July 2017 The nuclear procurement programme was rejected in the High Court earlier this year and opens the way for greater advocacy around the gas-to-power programme, says oil and gas specialist Lizel Oberholzer. “The focus on nuclear energy generation has come at the cost of the development of other... 

Investment in gas economy tough if risk exceeds appetite

By: Nica Schreuder     28th July 2017 Gas infrastructure for electricity generation requires key investors to get involved in this capital-intensive endeavour but if the perception among investors is that of risk exceeding reward, investment is unlikely to emerge, says oil and gas equipment supplier Energas Technologies project... 

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