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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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Appea warns on new oil and gas taxes

By: Esmarie Swanepoel     27th April 2017 New research by advisory firm Wood Mackenzie (Woodmac) has warned that any additional taxes on the Australian oil and gas industry could inflict significant damages. Undertaken on behalf of the Australian Petroleum Production & Exploration Association (Appea), the report confirms that the new... 

Australia puts gas export controls in place

By: Esmarie Swanepoel     27th April 2017 The Australian Petroleum Production and Exploration Association (Appea) has warned that the gas export controls announced by the federal government were short-term, and posed the risk of exacerbating tight market conditions unless accompanied by genuine reforms. The federal government on... 

Mining giants race to fill board leadership gaps

By: Reuters     26th April 2017 Three of the world's biggest miners are hunting for new leaders for their boards at a time when the industry faces questions from investors about its conventional diversified business operations and strategies for growth. BHP Billiton, Rio Tinto and Anglo American, whose chairpersons have all... 

BHP cuts coking coal, copper guidance, narrows iron-ore range

By: Esmarie Swanepoel     26th April 2017 Diversified major BHP Billiton on Wednesday lowered its metallurgical coal and copper production targets, narrowed its iron-ore guidance and said that it plans to sell some noncore US shale gas acreage. The mining major reduced its metallurgical coal production guidance for the 2017 financial... 

FCX stock rises on interim Indonesia export deal despite earnings miss

By: Henry Lazenby     26th April 2017 The NYSE-listed stock of US-based diversified miner Freeport-McMoRan (FCX) on Tuesday closed 7.11% higher despite the miner reporting earnings below analyst forecasts, as investors were pleased with the company reporting resumed copper concentrate exports from Indonesia following a three-month... 

Zambia said to near mine company stake sale to Israeli investor

By: Bloomberg     25th April 2017 Zambia, Africa’s second-biggest copper producer, is close to selling a stake in ZCCM Investments Holdings, a State controlled mine holding company, for more than $100-million, according to three people familiar with the matter. Sapir Capital, an Israeli private equity company that’s invested in... 

Indian govt reserves right to call for joint development of oil and gas blocks under OALP

By: Ajoy K Das     25th April 2017 The Indian government has reserved the right to call for the joint development of oil and gas fields to be auctioned under the newly unveiled Open Acreage Licensing Policy (OALP). In a draft contractor agreement, which is signed between a successful bidder and government, a provision for the... 

See the new 3D software system that revolutionises fluid transfer next month in Johannesburg

     24th April 2017 Meet Jamie van Schoor who has introduced to Africa PumpSim, which allows engineers to build a pipe and pump network that simulates pressures and flows… all in a virtual world. INDUTEC 2017 will offer visitors the chance to sample first hand an exciting new 3D modelling programme that plans all... 

CIG uncertain about local outlook, but sees growth potential in Africa

By: Megan van Wyngaardt     24th April 2017 Pan-African infrastructure group Consolidated Infrastructure Group (CIG) on Monday posted revenue growth of 29% to R2.7-billion for the six months to February 28, owing to its strategy to expand across Africa’s energy markets. The company further reported a 20% year-on-year increase in its... 

Food, beverage supply chain under focus at SAPICS 2017 conference

     24th April 2017 Food production is the world’s largest manufacturing sector, and in Africa it is second only to the oil and gas industry – based on the combined revenue of the 111 largest African agro-food companies. Potential for further growth is substantial, but it relies on efficient and innovative supply... 

Chevron’s A$340m tax bill appeal in Australia dismissed

By: Esmarie Swanepoel     24th April 2017 The federal government has welcomed a Full Federal Court decision to dismiss oil and gas giant Chevron’s appeal of a A$340-million Australian Taxation Office (ATO) bill. The court dismissed Chevron’s appeal against an ATO ruling that the US giant had used an intra-company loan as a means to shift... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can be no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012, that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, compared with India’s 7.6%,... 

Bunkers improve product quality

     21st April 2017 Dutch axial control valve manufacturers Mokveld Valves BV has recently commissioned two new test bunkers for testing critical, high quality valve systems – used in process control applications for the oil and gas industries – thereby improving the quality and safety of the system. Mokveld, whose... 

South Africa accounts for 59% of outbound M&A activity in sub-Saharan Africa

By: Megan van Wyngaardt     20th April 2017 The value of announced merger and acquisition (M&A) transactions, with any sub-Saharan African involvement, reached $10.1-billion during the first quarter of 2017, the highest opening quarter total in six years, research firm Thomson Reuters Africa has found. In its sub-Saharan African deals... 

Woodside production declines after wet weather

By: Esmarie Swanepoel     20th April 2017 ASX-listed oil and gas producer Woodside has reported a decline in production during the three months to March, on the back of wet weather conditions. The company on Thursday noted that production during the first quarter reached 21.4-million barrels of oil equivalent, which was down from the... 

Santos sees lower production in March quarter

By: Esmarie Swanepoel     20th April 2017 Despite lower production and sales volumes in the first quarter ended March, oil and gas major Santos has been able to lower costs. During the three months to March, production reduced by 2% on the previous quarter, to 14.8-million barrels of oil equivalent, while sales volumes were down by 15%,... 

Recent political shifts in South Africa could impact on continent’s M&A activity – Baker McKenzie index

By: Megan van Wyngaardt     19th April 2017 Political turbulence and economic uncertainty are becoming the new normal for deal makers; however, the impact on global mergers and acquisitions (M&A) activity has not been as steep as many expected, multinational law firm Baker McKenzie's Cross-Border M&A Index has shown. It noted that while... 

SIDENOR places order with SMS group for modernization of bar mill in Basauri

     19th April 2017 The Spanish company SIDENOR ACEROS ESPECIALES, S.L. has placed an order with SMS group www.sms-group.com for the modernization of its bar mill in Basauri. The goals of the modernization are to achieve a more effective rolling process and an improvement in material properties. The SMS group scope... 

HFO plant’s commissioning process under way

By: Nadine James     14th April 2017 Specialised oil and gas equipment supplier Energas Technologies started the commissioning process last month for the heavy fuel oil (HFO) storage facility it specifically designed for multidisciplinary engineering firm DRA Global. Energas’s scope for the project included the fabrication,... 

Australis raises A$100m for US shale buy

By: Esmarie Swanepoel     13th April 2017 ASX-listed Australis Oil and Gas has raised A$100-million to fund the acquisition of US shale assets. Following shareholder approval, the company placed some 434.7-million new shares at 23c each, to raise the capital. 

BHP says DLC restructure to destroy $1.3bn in value, waste franking credits

By: Megan van Wyngaardt     12th April 2017 The proposal by BHP Billiton’s activist shareholder Elliott Advisors that the company scrap its dual-listed company (DLC) structure in favour of a primary listing in London and a secondary listing in Sydney, could destroy at least $1.3-billion in value, to save less than $2.5-million a year, the... 

Billionaire Agarwal creates BHP-style Indian resources major

By: Bloomberg     12th April 2017 Anil Agarwal has sealed the merger of his mining and energy businesses in India, creating a BHP Billiton-like resources conglomerate, even as a recent investment in Anglo American Plc raises questions about how far the-billionaire’s ambitions stretch. Vedanta combined with unit Cairn India on... 

Shell says it knew some payments for Nigeria oilfield would go to Malabu

By: Reuters     11th April 2017 Royal Dutch Shell has said it knew that some of the payments it made to Nigeria for the rights to an oilfield would go to Malabu Oil and Gas, a company associated with a former Nigerian oil minister and convicted money launderer. Shell spokesperson Andy Norman said the group had known the... 

Australia says changes to BHP Billiton corporate structure must fit national interest

By: Reuters     11th April 2017 Any significant changes to the corporate structure of Anglo-Australian miner BHP Billiton would need to be consistent with a "national interest" test under the law, the Australian government said on Tuesday. Activist shareholder Elliott Advisors on Monday proposed BHP Billiton scrap its... 

New MD of Engen Mauritius has an impressive African track record

     11th April 2017 Ivorian-born Adama Soro arrived in Mauritius in 2016 to take the helm as the new Managing Director of Engen on the island. Having previously been assigned to head up Engen Rwanda (2008-2011), before taking over as MD of Engen Gabon (2011-2016), Soro has valuable experience in the distribution and... 

Santos pays down $250m in debt

By: Esmarie Swanepoel     11th April 2017 Oil and gas major Santos has repaid $250-million of its $1.2-billion export credit agency- (ECA-) supported uncovered syndicated facility, which was scheduled to mature in 2019. The ASX-listed company told shareholders on Tuesday that the early repayment would result in gross interest savings of... 

Costs, risks outweigh the benefits of changes proposed by Elliott – BHP

By: Natasha Odendaal     10th April 2017 Mining giant BHP Billiton on Monday said any potential benefits of implementing a proposal tabled by minority shareholders Elliott Associates and Elliott International would be significantly overshadowed by the costs and associated risks of the suggested changes. The fund manager earlier on... 

Eni, Shell deny wrongdoing in Nigeria after allegations of improper payment

By: Reuters     10th April 2017 Oil majors Royal Dutch Shell and Eni reiterated on Monday that neither they nor their personnel had been involved in any wrongdoing in Nigeria, including improper payments to Nigerian officials. The comments follow media reports alleging how hundreds of millions of dollars from the two companies... 

Grace Chileshe Will Share Her View On The Impact Of The Internet Of Things (Iot) On Asset Management Processes In The Oil & Gas Industry At This Year’s Saama Conference

     7th April 2017 Grace Chileshe (Retail Reliability Engineer Secondment and Maximo Super User at BP South Africa) has specific interest in two things: technology and asset management. Thus, when she was offered the opportunity to submit an abstract for a paper at the SAAMA conference, she did not hesitate. She is... 

Joburg to host automation conference next month

By: Schalk Burger     7th April 2017 The industrial automation multinational Rockwell Automation’s Automation University conference will develop and hone local automation skills and expertise in industries, says Rockwell Automation Sub-Saharan Africa control systems and software business manager Christo Buys. The two-day conference,... 

Local company partners with global software solutions major

By: Mia Breytenbach     7th April 2017 Provider of integrated project cost management software solutions Ares Project Management LLC, subsidiary of Ares Holding Company, and South Africa-based, multi-layered consulting company Infracon Consulting launched their strategic partnership last month. The aim of this partnership is to serve... 

Scaw expands chain-making capacity with R110m investment in automated plant

By: Terence Creamer     6th April 2017 Specialist steel products manufacturer Scaw Metals has invested R110-million to expand and modernise the production of large-diameter chain and masterlink components at its McKinnon Chain factory in Vereeniging, in southern Gauteng. Large-diameter chains are used in various industries for lifting... 

Smooth Speed Regulation With High Precision Easy With Hengstler

     6th April 2017 The new Hengstler Acuro® AX73 is a class leading optical encoder that offers smooth speed regulation with high levels of precision. Its compact dimensions make it suitable for installation in areas where there are space constraints.  Available from the official Hengstler distributor for southern... 

FAR raises A$80m for African exploration

By: Esmarie Swanepoel     6th April 2017 Oil and gas explorer FAR will raise some A$80-million through a fully-underwritten share placement to institutional and sophisticated investors to fund its exploration and development work in offshore Senegal, as well as the anticipated acquisition of a block in Gambia. The company will place... 

The Changing Face Of Valve Manufacturing In South Africa

     31st March 2017 “Manufacturing in South Africa in the current climate is not for the faint hearted. Material costs are high – skills at all levels are scarce – labour laws and health and safety regulations are stringent and restrictive – and the volatility of the Rand makes long term planning a challenging... 

Appea welcomes Senate committee’s rejection of Great Australian Bight Protection Bill

By: Esmarie Swanepoel     30th March 2017 The Australian Petroleum Production and Exploration Association (Appea) has welcomed the Senate committee’s rejection of a Bill seeking a ban on oil and gas activities in the Great Australian Bight. The Environment and Communications Legislation Committee on Thursday released its report on the... 

After crippling cost overruns, Toshiba's Westinghouse files for bankruptcy

By: Reuters     29th March 2017 Toshiba Corp's US nuclear unit Westinghouse filed for Chapter 11 protection from creditors on Wednesday, just three months after huge cost overruns were flagged, as the Japanese parent seeks to limit losses that threaten its future. Bankruptcy will allow Pittsburgh-based Westinghouse, once... 

Erin Energy enters farm-out agreement over two oil blocks in The Gambia

By: Megan van Wyngaardt     27th March 2017 Dual-listed Erin Energy Corporation has entered into a definitive farm-out agreement with ASX-listed oil and gas company FAR, which will acquire an 80% interest and operatorship of Erin’s offshore A2 and A5 blocks in The Gambia. Erin Energy will retain a 20% working interest in both blocks. 

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