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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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New AfDB, OpenOil report shows gaps in extractive resources management

By: Natasha Odendaal     20th October 2017 The African Development Bank (AfDB) and Berlin-based financial analysis firm OpenOil are hoping to trigger a new debate within Africa’s oil and gas and mining sectors with the publication of a jointly produced report on how African governments use financial models to manage projects. In an effort... 

Mexico expects to hold a third oil and gas auction in 2018

By: Reuters     20th October 2017 Mexico's oil regulator will likely add another auction in 2018 featuring conventional onshore oil and gas blocks, the head of the National Hydrocarbons Commission (CNH) said on Thursday, potentially teeing up a third tender in an election year. The bid terms will be announced later this year or... 

Company expands African footprint to pursue major projects

By: Robyn Wilkinson     20th October 2017 Despite slowing economic growth, political challenges and associated declining investor confidence in many parts of Africa, global project management consultancy Turner & Townsend continues to strengthen its network on the continent as it pursues major projects in mining, oil and gas,... 

South African court revokes shale gas regulations – AgriSA

By: Reuters     19th October 2017 South Africa's High Court has quashed regulations governing proposed shale gas fracking, farmers lobby AgriSA said on Thursday after taking the government to court to stop fracking in the Eastern Cape province. The ruling marks the latest setback to South Africa's shale gas ambitions after a... 

Santos upgrades full-year expectations

By: Esmarie Swanepoel     19th October 2017 Oil and gas major Santos has increased its full-year production expectations following another stellar quarter of production. Santos on Thursday upgraded its 2017 sales volume guidance from between 77-million and 82-million barrels of oil equivalent, to between 79-million and 82-million barrels... 

Woodside reports higher revenue in Sept quarter

By: Esmarie Swanepoel     19th October 2017 Australian oil and gas producer Woodside Petroleum has reported increases in sales volumes and revenues for the three months to September, compared with the previous quarter. Oil and gas production for the three months to September reached 20.3-million barrels of oil equivalent, which was down... 

BHP told bending to activists poses risks for debt investors

By: Bloomberg     19th October 2017 BHP Billiton’s new chairman Ken MacKenzie is grappling with a simmering campaign by activist shareholders -- moving too far to appease them could risk unsettling debt investors who own the world’s biggest miner’s $24-billion of bonds. The campaign by funds including billionaire Paul Singer’s... 

China's CEFC eyes big league with Rosneft oil offtake deal

By: Reuters     18th October 2017 As part of its recent $9.1-billion investment in Russian oil giant Rosneft, little-known CEFC China Energy will have access to up to 260 000 bbl/d of Russian oil - giving it the sort of market clout to potentially challenge dominant Western oil traders like Vitol. For China, the world's top crude... 

Iraqi forces capture North Oil Co. from Kurdish forces; no disruption to oil production

By: Reuters     16th October 2017 Iraqi on Monday forces captured the headquarters for the North Oil Company, northwest of Kirkuk, and a nearby refinery from Kurdish forces, without fighting, an Iraqi oil official said. Iraq forces moved into the premises of Iraqi state-owned North Oil after taking the nearby K1 airbase, the... 

Rockwell Automation Demonstrates Commitment to Houston

     16th October 2017 Weeks after the devastation from Hurricane Harvey and Irma, leaders at Rockwell Automation are confidently moving forward with plans to host the annual Automation Fair event in Houston. “Our hearts go out to the greater Houston community and all who have been affected by the recent hurricanes,”... 

Chevron cans $400m Great Australian Bight drilling plan

By: Esmarie Swanepoel     13th October 2017 US oil and gas major Chevron will abandon its $400-million exploration programme in the Great Australian Bight, saying drilling in the region could not compete for capital in Chevron’s global portfolio, given the low oil price environment. “We appreciate the strong support from governments,... 

Product range to expand to construction industry

By: Simone Liedtke     13th October 2017 Owing to the risk posed by utility pipes, and electrical lines and cables in the ground, industrial product supplier Actum Industrial – part of the Actum Group – is targeting the construction, municipal, and oil and gas industry with its Ridgid range of tooling equipment – such as the SR-20 and... 

Partnership creates complete truck stop service concept

By: Schalk Burger     13th October 2017 A partnership between local truck and trailer service Laser Fast, oil and gas multinational ExxonMobil, its local distributor CentLube and tyre multinational Michelin Tyre Company has resulted in the creation of a complete heavy-duty vehicle service and fuel and driver rest stop in Meyerton,... 

Analytics helps firms identify pattern deviation to improve cybersecurity

By: Schalk Burger     13th October 2017 Smart analytics and artificial intelligence (AI) can pinpoint pattern deviations and help companies to make informed decisions on where cybersecurity weak points are, as well as how to address them, says information technology (IT) multinational Wipro Cybersecurity and Risk Services-Africa... 

Angola grants gold exploration concession as it seeks to diversify economy

By: Keith Campbell     13th October 2017 A public/private partnership (PPP) has been granted a concession to prospect for gold in the Angolan province of Cabinda, the Macauhub news agency has reported. The PPP is named Mongo Mongo Mineração Limitada (Mongo Mongo Mining Limited). Its shareholders are the State-owned Empresa Nacional de... 

Gamsberg zinc prestrip close to halfway mark – Vedanta

By: Martin Creamer     10th October 2017 The prestripping of waste rock at the Gamsberg zinc mine project in the Northern Cape is close to the halfway mark, Vedanta Resources reported on Tuesday, when its interim CEO Kuldip Kaura described as “strong” the quarterly production performances of the London-listed, India-rooted mining... 

Public comments on gas exploration to close soon

By: African News Agency      10th October 2017 The South African public has at least eight days left to comment on the environmental authorization that the department of mineral resources (DMR) recently granted to Rhino Oil and Gas Exploration South Africa (Rhino) for natural gas exploration across four provinces. The area affected by these... 

Elliott tours BHP investors in renewed push for radical shake-up – sources

By: Reuters     10th October 2017 Activist investor Elliott has embarked on an international tour of BHP Billiton's biggest shareholders as it presses ahead with its campaign to force a radical shake-up of the FTSE 100 mining giant, sources familiar with the matter told Reuters. Representatives from Elliott have in the last month... 

Sonangol aims to slash oil production costs with board revamp

By: Reuters     9th October 2017 Angola's State oil company Sonangol is aiming to slash breakeven costs on new oil production to as low as $20/bl $30/bl and make its contracts more attractive to investors and oil and gas companies, the company's chief Isabel dos Santos told Reuters. On the sidelines of the FT Africa Summit in... 

BHP Billiton evacuates Shenzi, Neptune platforms ahead of Nate

By: Reuters     7th October 2017 BHP Billiton has completed the evacuation of its Shenzi and Neptune deepwater oil and gas platforms in the Gulf of Mexico ahead of Tropical Storm Nate, the firm said on Friday. "Personnel will remain onshore until the storm has passed," it said in a statement. 

Po Valley reorganises Italian oil and gas assets into Aim-listed Saffron

By: Esmarie Swanepoel     6th October 2017 Gas producer Po Valley Energy has announced a re-organisation of its Italian oil and gas assets into a larger Aim-listed company. The restructure would see Po Valley’s Aim-listed subsidiary Saffron Energy become the three-way host vehicle for its own Italian energy assets, as well as the three... 

TransCanada snuffs out Energy East, Eastern Mainline projects

By: Henry Lazenby     6th October 2017 TransCanada has pulled the plug on the Energy East and Eastern Mainline pipeline projects, the oil and gas infrastructure major revealed on Thursday. The TSX- and NYSE-listed oil and gas company said it will inform the National Energy Board (NEB) that it will no longer be proceeding with its... 

Eaton aiming to grow share in African utility market

By: Schalk Burger     6th October 2017 Electrical components and systems company Eaton aims to grow in the utility, commercial buildings and mining sectors in Africa by replicating the success of its power quality business, says Eaton Africa Sales Director Malvin Naicker. Eaton is focused on providing high-quality technical support... 

Liquid Fuels 2017: A review of South Africa's liquid fuels sector (PDF Report)

     5th October 2017 Creamer Media’s Liquid Fuels 2017 report examines these issues in the context of South Africa’s business environment, including South Africa’s refining capacity; the proposed introduction of Clean Fuels 2 specifications; the development of the country’s biofuels industry; fuel pricing; the... 

Manufacturing sector bore brunt of industrial cyberattacks in first half of 2017

By: Schalk Burger     4th October 2017 The manufacturing sector emerged as the hardest hit by cyberattacks during the first half of 2017 as the target of one in every three attacks on industrial control system (ICS) computers, global cybersecurity firm Kaspersky Lab said on Wednesday. The Threat Landscape for Industrial Automation... 

Weg W22xd Flameproof Motors Fully Ex Certified

     2nd October 2017 The WEG W22Xd flameproof motor, available from Zest WEG Group, meets worldwide standards for use in hazardous applications including the mining, chemical and oil and gas sectors. The W22Xd motor is certified in line with European ATEX and International IECEx standards. ATEX/IECEx certified, WEG... 

SacOil acquires Belton Park for up to R220m

By: Anine Kilian     2nd October 2017 Independent oil and gas company SacOil will acquire the assets and operations of independent fuel wholesaler and distributor Belton Park for up to R220-million. Belton Park owns a substantial fleet of heavy-duty tankers that distribute over 20-million litres of fuel products a month to a... 

Beach raises first A$201m for Lattice buy

By: Esmarie Swanepoel     2nd October 2017 Oil and gas major Beach Energy has raised about A$201-million of its A$301-million target through an institutional entitlement offer to partially fund the acquisition of Lattice Energy from fellow-listed Origin Energy. Beach CEO Matt Kay told shareholders on Monday that the company was pleased... 

Opinion: Minister Kubayi’s Renewable Energy Plan: Does it signify progress or regression?

     29th September 2017 In this opinion piece, Sener regional MD Siyabonga Mbanjwa expresses the hope that both the current moratorium on new renewable-energy projects and the proposed 77c/kWh tariff cap will be reconsidered during industry consultations.  

RopeCrew

By: Zandile Mavuso     29th September 2017 Vertical safety systems company RopeCrew is a highly experienced and dynamic rope access company that offers industrial and offshore rope access services and work at height training. 

Karoo shale gas deposits seen less than earlier estimates

By: Reuters     28th September 2017 South Africa's Karoo basin probably has a thirtieth of the shale gas deposits that some estimates had suggested, deflating expectations of an energy bonanza, a study published on Thursday said. The findings by the South African Journal of Science have been published shortly before the expected... 

Beach buys Origin’s Lattice for A$1.58bn

By: Esmarie Swanepoel     28th September 2017 Australian oil and gas producer Origin Energy has struck a deal with fellow listed Beach Energy to divest of its conventional upstream oil and gas subsidiary Lattice Energy for A$1.58-billion. Beach told shareholders on Thursday that the acquisition of Lattice would be a transformational... 

Looming east coast shortage sparks war of words over Australian gas

By: Esmarie Swanepoel     27th September 2017 The Victorian and New South Wales state governments have hit back at claims made by Premier Malcolm Turnbull that the state governments are failing to develop available gas resources, exacerbating the looming gas shortage faced by the Australian east coast. Turnbull this week urged the New South... 

Nigeria unlikely to cut fuel sulphur level anytime soon – Rainoil

By: Reuters     22nd September 2017 Nigeria's efforts to cut sulphur levels in its fuel imports are unlikely to succeed this year, the head of a major Nigerian downstream company told the Platts refining conference in Brussels. The government has delayed its target to slash allowed sulphur on imports to 50 parts per million (ppm)... 

Strike reaches new gas deal with Orica

By: Esmarie Swanepoel     22nd September 2017 Independent oil and gas company Strike Energy has struck a new gas sales agreement with Orica International to supply up to 64 PJ of gas from the Southern Cooper Basin gas project. The new gas sales agreement replaces a 2014 agreement for the supply of up to 250 PJ of gas, with the gas to be... 

Cooling vest reduces industrial heat stress

By: Marleny Arnoldi     22nd September 2017 Staff exposed to hot environments, in combination with doing arduous work and wearing multi-layered protective clothing, such as firefighters, may suffer thermal physiological strain, says water jet cutting company Total Blasting, which is the South African distributing agent for Sweden-based... 

Encha appoints new chief technology officer

By: Samantha Herbst     18th September 2017 Information and communication technology professional Andy Brauer is the new chief technology officer of investment company Encha – an appointment in line with the company’s strategy to attract partners who are subject-matter domain experts with relevant industry-specific experience and... 

Freeport seen facing more battles over world's top gold mine

By: Bloomberg     18th September 2017 The landmark deal that forced Freeport-McMoRan to cede controlling interest in the world’s biggest gold mine and second-largest copper mine to Indonesia may not be the final outcome as both sides prepare for a politically charged fight over the price of the asset and how it will be run, according... 

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