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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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Macron's climate summit draws pledges to make coal a risky bet

By: Bloomberg     Updated 1 hour 21 minutes ago Some of the world’s biggest investors turned their backs on US President Donald Trump’s plan to revive the coal industry, pledging to divest from fossil fuels at a conference organised by French President Emmanuel Macron. The One Planet Summit in Paris was designed to galvanise support for the... 

Canada to create overseas mining watchdog early in 2018

By: Reuters     Updated 3 hours ago Ottawa plans early next year to create an independent office to oversee Canadian mining, oil and gas companies' activities abroad, a government spokesman said on Tuesday, a move that environmental and human rights groups have long demanded. The office would have both an "advisory and robust... 

Unimin to buy shale sand supplier Fairmount in cash-and-stock deal

By: Reuters     Updated 6 hours ago Fairmount Santrol Holdings said on Tuesday it would sell itself to Unimin in a cash-and-stock deal to create one of the largest suppliers of sand for use in hydraulic fracturing to shale oil and gas producers. The deal, which is expected to close by the middle of next year, will create a company... 

Kosmos Energy to plug offshore Mauritania well

By: Reuters     12th December 2017 Kosmos Energy said it would plug one of its exploration wells offshore Mauritania after it failed to find significant amount of oil and gas. Evaluation of logs and samples collected during drillingand wireline operations suggests the Campanian reservoir objective was water-bearing with some... 

India’s GAIL earmarks $940m for pipeline expansion

By: Ajoy K Das     12th December 2017 Indian oil and gas infrastructure major GAIL India has announced a three-year capital investment of $940-million to add 2 500 km to its existing gas pipeline network across the country. On Monday, government owned GAIL announced that contracts had been awarded for construction of a 520 km... 

Survey Says: More Oil Producers Moving Toward a Risk-based Approach for Asset Life Extension

     12th December 2017 Producers have discovered that a risk-based inspection approach can cut costs if it’s implemented properly, says an OGIQ survey. Now, it’s a matter of increasing the adoption rate. By Anne-Marie Walters 

AWE shares rise on fresh offer from Chinese group

By: Mariaan Webb     8th December 2017 Shares in Australian oil and gas company AWE rose 10% on Friday after State-owned China Energy Reserve and Chemical Group made a fresh offer of $0.73 a share in cash. The offer is A$0.02 higher than the proposal two weeks ago, which the AWE board has brushed off as too low. 

Total, Sonangol sign new project pipeline agreements

By: Schalk Burger     5th December 2017 Oil and gas multinational Total and Angola State-owned oil company Sonangol have signed various agreements to jointly develop new upstream and downstream projects. Total chairperson and CEO Patrick Pouyanné on Monday held an audience with Angolan President João Lourenço and Sonangol chairperson... 

Exxon eyes Egypt's offshore oil and gas – sources

By: Reuters     4th December 2017 Exxon Mobil is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals' success in the country and boost its reserves, officials and industry sources said. Officials from the world's largest listed oil producer recently held talks with Egypt's petroleum ministry to... 

Second Norway-South Africa Science Week to stimulate oceans science and economy 

By: Schalk Burger     1st December 2017 The second Norway-South Africa Science Week will provide a platform for scientists, researchers, civil servants and business people from both countries to share best practices and policies to promote the sustainable use of ocean resources. Norwegian ambassador to South Africa, Botswana,... 

Arrow and QCLNG announce major gas deal

By: Mariaan Webb     1st December 2017 Multinational oil and gas major Shell and its joint venture (JV) partner PetroChina have approved a major gas supply deal that will bring to market Arrow Energy’s significant gas reserves in the Surat basin of Queensland. The JV partners have approved a 27-year deal between Arrow and Queensland... 

Container supplier sees opportunities despite market slump

By: Nica Schreuder     1st December 2017 The chemicals, power generation, oil and gas, and petrochemicals sectors have created a significant demand for tanktainers, says container industry provider Container World. Tanktainers, or tank containers, are intermodal containers used to transport liquids, gases and powders as bulk cargo. 

A$4.8m for projects to boost innovation in resources sector

     30th November 2017 Eight projects that will boost cross-industry innovation, collaboration and sustainability in the resources sector will receive A$4.8-million in funding through the Australian government’s industry growth centres initiative, acting Industry, Innovation and Science Minister Michaelia Cash... 

AWE receives non-binding proposal from Chinese group

By: Natasha Odendaal     30th November 2017 ASX-listed AWE has received an unsolicited, non-binding, indicative and conditional buy-out proposal from the Australian subsidiary of State-owned China Energy Reserve and Chemical Group (CERCG). CERCG Australia offered to acquire 100% of AWE for $0.71 a share, subject to a number of conditions,... 

Mining players employing strategic moves 

     29th November 2017 South32 has okayed a R4.3-billion project at Klipspruit and is looking to set up its energy coal business as a standalone entity, while De Beers has placed its Voerspoed diamond mine on the market and BHP Billiton has committed to exiting its US onshore oil and gas. Mining Weekly editor Martin... 

Indian oil refineries exploring possibility of importing Venezuelan crude

By: Ajoy K Das     29th November 2017 Close on the heels of an offer from Venezuelan national oil company, Petreos de Venezuela SA (PDVSA), to repay its debt in kind, Indian government-owned and -operated oil marketing companies (OMCs) are relooking at the operational viability of using Venezuelan crude as feedstock. Sources say that... 

India’s plan to privatise 15 oil and gas blocks runs into opposition

By: Ajoy K Das     28th November 2017 National exploration and production (E&P) major ONGC is opposing the Indian government’s plans to offer private investors a controlling interest in 15 oil and natural gas blocks held by government-owned entities. Senior ONGC technologists and officials have taken up the issue with the Prime... 

Mossel Bay slipway refurbishment, South Africa

By: Sheila Barradas     24th November 2017 Transnet National Ports Authority is refurbishing Mossel Bay's 500 t slipway and slideslip facility. 

Africa specialist punts local presence as key to capitalising as infrastructure spend set to boom

By: Megan van Wyngaardt     23rd November 2017 Through innovation in the energy sphere, Africa is slowly starting to overcome historical blockages that have prevented the continent from achieving economic growth and creating sustainable jobs, according to energy consultancy Africa House director Duncan Bonnett. Speaking at a PowerGen and... 

China tells Myanmar military it wants closer ties

By: Reuters     23rd November 2017 China wants closer ties with Myanmar’s military to help protect regional peace and security, a senior Chinese general told the visiting head of the southeast Asian country’s army. China and Myanmar have had close diplomatic and economic ties for years, including increasingly in the strategically... 

TransCanada’s Keystone XL pipeline clears key hurdle despite oil leak incident

By: Henry Lazenby     21st November 2017 Oil and gas pipelines operator TransCanada is reviewing a decision by the Nebraska Public Service Commission (PSC) approving an alternative route for the proposed Keystone XL (KXL) pipeline project through the state. "As a result of today's decision, we will conduct a careful review of the PSC’s... 

Mining contributes A$55bn to Qld economy in 2016/17

By: Mia Breytenbach     21st November 2017 The resources sector continues to drive employment and investment in Queensland, having contributed A$55.1-billion to the state’s economy in 2016/17 and supported the equivalent of 282 633 full-time jobs. This is according to the Queensland Resources Council’s (QRC’s) eighth yearly economic... 

Indian oil firms shift focus to Israel from Iran amid changing geopolitics

By: Ajoy K Das     20th November 2017 Changing geopolitical alignments and receding investment prospects in Iran are prompting a consortium of Indian oil companies to push for domestic energy security through wider exploration and production projects in Israel and Latin American countries. With the $5-billion investment offer to... 

Siemens to cut 6 900 jobs to tackle flailing turbines business

By: Reuters     17th November 2017 Siemens will cut about 6 900 jobs, or close to 2% of its global workforce, mainly at its power and gas division, which has been hit by the rapid growth of renewables. Most of the cuts, about 6 100, will be made before 2020 at Siemens's Power and Gas division, which once thrived on supplying large... 

BHP facing uncertain future as shareholders push for change

By: Esmarie Swanepoel     17th November 2017 Ratings agencies and analysts have raised concerns about the future of mining major BHP in the wake of actions taken by so-called activist shareholders. The mining giant’s second-largest holder of its London-listed shares, fund manager Elliot Associates & Elliot International, has been picking at... 

Former Rolls-Royce managers plead guilty to US bribery charges

By: Bloomberg     17th November 2017 Two former Rolls-Royce  executives pleaded guilty to US charges that they orchestrated international bribes at the engine maker for more than a decade. The cases, also involving three other individuals, focus on efforts to secure a $145-million contract to power a gas pipeline from Kazakhstan to... 

Construction company awarded R10m residential development contract

By: Simone Liedtke     17th November 2017 Construction company Motheo Infrastructure Contractors will use equipment – such as motor graders, 30 t excavators, compaction equipment and tipper trucks – to the value of about R10-million for its infrastructure contract at the South Hills integrated residential development in Johannesburg,... 

ONGC remains committed to Venezuelan oil project

By: Ajoy K Das     16th November 2017 Despite a default in sovereign debt by Venezuela, Indian oil and gas major ONGC has clarified in a statement that it will continue implementation of the San Cristobel oilfield project, in the politically and economically embattled Latin American country. ONGC said this week that the November 2016... 

Santos denies takeover rumours

By: Esmarie Swanepoel     16th November 2017 Oil and gas major Santos on Thursday refuted claims that it was engaged in takeover talks with Harbour Energy. The company told shareholders that it had received a confidential, nonbinding conditional and indicative proposal from Harbour Energy in August, to acquire all the shares in Santos for... 

Shell, AfriForum, TKAG to discuss Karoo fracking 

By: Megan van Wyngaardt     15th November 2017 Shell South Africa country chairperson Hloniphizwe Mtolo will meet with civil rights and environmental protection organisations AfriForum and Treasure the Karoo Action Group (TKAG) to discuss environmental, legal and economic concerns over fracking. The groups received an official commitment from... 

South Korea scores partial win in WTO ruling on US steel pipe duties

By: Reuters     15th November 2017 South Korea won a partial victory on Tuesday when a World Trade Organization panel ruled on its legal challenge to US anti-dumping duties on steel pipe used in the oil industry, but Seoul lost most of the arguments it had made. The WTO dispute panel faulted the US Department of Commerce for the... 

AWE launches A$48m capital raise

By: Esmarie Swanepoel     15th November 2017 Oil and gas explorer and producer AWE is hoping to raise about A$48-million through an institutional share placement and a share purchase plan (SPP). The ASX-listed company on Wednesday announced that it would issue 76.9-million shares, at a price of 50c each to institutional investors, to raise... 

Solar to power ahead as it emerges as ‘cheapest’ source of generation

By: Terence Creamer     14th November 2017 The World Energy Outlook 2017, released by the International Energy Agency (IEA) in London on Tuesday, presents a base case scenario that foresees the world’s growing energy needs being met increasingly by renewables and natural gas over the coming 25 years, as “coal strikes out” and nuclear’s... 

South Sudan seeks outside help as it aims to power up

By: John Muchira     10th November 2017 South Sudan is pleading for foreign funding and investment in the energy sector to light the country which remains in the dark. Despite being endowed with vast oil and gas reserves and massive potential to generate electricity from hydro, solar and wind sources, the country entirely depends on... 

Energy-saving guide promotes sustainable mindset industry

By: Nica Schreuder     10th November 2017 International oil and gas company ExxonMobil has recently launched an energy- saving guide for the plastics industry to demonstrate to major companies in plastics how they can better manage their energy consumption. The guide, launched last month, is a practical approach designed to help with... 

400 emergency shutdown valves supplied to Oman petrochemicals project

     10th November 2017 Industrial product supplier Metso supplied 400 industry-leading Neles emergency shutdown (ESD) valves for an ethylene cracker as part of the new Liwa Plastics Industrial Complex (LPIC) project in Oman. The new complex will process light ends produced in State-owned oil company Oman Oil Refineries... 

Petrochemicals product supplier launches ball valve

     10th November 2017 Last month, multinational oil and gas product supplier Schlumberger announced the release of the GROVE IST integrated seat technology ball valve. The company, which has an Angolan office that services the Democratic Republic of Congo, Gabon, Kenya, Mozambique, Namibia, South Africa, Tanzania, and... 

Santos names Narrabri among its five core assets

By: Esmarie Swanepoel     9th November 2017 Oil and gas major Santos has reclassified the Narrabri project, in New South Wales, as a core project in the company’s new transform-build-grow strategy. MD and CEO Kevin Gallagher said at an investor day on Thursday that Santos had simplified the business to focus on five core, long-life... 

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