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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 lodges application, EIS for NSW gas project

By: Esmarie Swanepoel     1st February 2017 Oil and gas major Santos has submitted a development application and environmental-impact statement (EIS) for its Narrabri gas project to the New South Wales government. Santos MD and CEO Kevin Gallagher said on Wednesday that the company had spent time producing a comprehensive EIS so the local... 

Trump’s latest executive orders may be burdensome for oil

By: Bloomberg     1st February 2017 Oil-services giant Halliburton told employees to stay put. An oil trade group is concerned by the proposed border tax. Another global oil company is reconsidering whether to place a crude trader in Houston. And universities that train energy workers across the country estimated that hundreds of... 

APLNG, Otway basin projects drive Origin production and revenue

By: Esmarie Swanepoel     31st January 2017 Oil and gas major Origin Energy reported 47% year-on-year and an 8% quarter-on-quarter production increases during the three months to December 31, helped by strong production from the  Australian Pacific liquefied natural gas (APLNG) and its Otway basin projects. Quarterly production increased... 

Legislation to unlock South Africa’s unrealised gas potential Gas offers game-changing opportunity to reinvent growth 

     27th January 2017 “South Africa presents a strong case for the development of an integrated gas industry - covering the exploration, production and beneficiation of gas - with huge potential for energy supply diversification, broader industrialisation and job creation,” says Khwezi Tiya, Head, Oil and Gas South... 

Acquisition boosts prospects for top steam and boiler suppliers

     27th January 2017 Two reputable and successful South African companies operating in the local industrial and commercial steam power market have joined forces to work together growing their businesses to better serve the market’s needs. Cape Town-based Energy Partners – Steam & Combustion, a member of the listed... 

Burner management systems market anticipates 5.5% growth by 2024

     27th January 2017 The global market for burner management systems (BMS) is projected to be worth $7.39-billion by 2024, expanding at a compound annual growth rate (CAGR) of 5.5% in that period, explains market research service provider Transparency Market Research (TMR). 

Geoscience BC gets C$10m boost, publishes its largest geophysical survey

By: Henry Lazenby     26th January 2017 The British Columbia government has made C$10-million in funding available over two years to further support its work encouraging mineral, coal, and oil and gas exploration investment in the province, Premier Christy Clark announced this week at the Association for Mineral Exploration’s Roundup... 

Origin denies claims of compliance cover-up

By: Esmarie Swanepoel     25th January 2017 Energy major Origin Energy has denied allegations of covering up regulatory breaches and has said it will “vigorously” defend the court claims made by a former employee. Former Origin compliance manager Sally McDow has filed legal action in the Federal Court claiming that Origin’s former CEO,... 

Egypt risks no interest in gold tender as Centamin won’t bid

By: Bloomberg     23rd January 2017 Egypt is at risk of getting no participation in its first exploration tender in gold since 2009 after Centamin, which operates the nation’s only active gold mine, Sukari, and two other companies in the country said they won’t bid. Terms being offered “result in an effective tax rate that is by... 

Trump aides said to prepare list of early energy changes

By: Bloomberg     21st January 2017 Donald Trump’s advisers have prepared a short list of energy and environmental policy changes he can take now that he has been sworn in as president, including steps to limit the role that climate change plays in government decisions and speed the review of cross-border pipelines. The list of... 

Santos hits new production and sales records

By: Esmarie Swanepoel     20th January 2017 Oil and gas major Santos reported record production and sales volumes for 2016, which MD and CEO Kevin Gallagher on Friday described as a “year of significant change” for the Australia-based company. The ASX-listed company produced a record 61.6-million barrels of oil equivalent in the year... 

S African manufacturer of steel tube and pipes commissions new mill

By: Victor Moolman     20th January 2017 The new capital expenditure (capex) project to replace two older mills with one new mill at steel tube and pipe manufacturer Robor’s plant, in Elandsfontein, in Johannesburg, will be concluded in early 2017 with the installation of a fully automated mill capable of producing 60 000 t/y of pipe at... 

Condition-based maintenance – new approaches to extend the life of HVAC equipment

     19th January 2017 HVAC is a long-term investment: chillers are big-ticket items that are meant to last the lifetime of a building – about 25-30 years – in fact a recent demolition of one of the first four star hotels in Dubai led to the retirement of three YORK® YT Chillers after nearly 34 years of service. These... 

EnerMech Acquires Electrical & Instrumentation Specialist In Largest Deal To Date

     18th January 2017 Engineering services specialist EnerMech has made its first entry in to the electrical and instrumentation (E&I) sector with the acquisition of EPS Group in Australia and the Americas. EPS Group employs 250 staff in Sydney, Melbourne, Brisbane, Darwin, Houston and Louisiana, and has annual... 

One Month To Go To Africa Energy Indaba With Exciting Side Events January 2017

     16th January 2017 Energy is a prerequisite for sustainable economic growth in Africa and has been at the forefront of discussions on Africa reaching and maximising its growth potential. Without reliable and continuous access to energy, Africa’s most vulnerable remain disempowered and disenfranchised. Africa’s... 

Wood Mackenzie sees uptick in oil and gas industry this year

By: Megan van Wyngaardt     11th January 2017 The global investment cycle will show the first signs of growth in 2017, since 2014, as confidence the oil and gas sector will start to return, with exploration and production spend set to rise by 3% to $450-billion. This, analysis firm Wood Mackenzie said on Wednesday, would also result in a... 

Tullow sells stake in Uganda project to Total in $900m deal

By: Megan van Wyngaardt     10th January 2017 Africa-focused independent oil company Tullow Oil will sell a 21.75% interest in the Lake Albert oil project, in Uganda, to Total for $900-million. Tullow will, however, retain an 11.76% interest in the upstream and pipeline operations, which will reduce to 10% when the Uganda government formally... 

Potash Ridge banks first tranche of convertible security funding

By: Henry Lazenby     5th January 2017 Near-term fertiliser producer Potash Ridge has closed the first tranche of a convertible security financing announced last month, bolstering the balance sheet by about $2.64-million. The Toronto-based company said it will use the funds of the up to $11.8-million financing to advance its... 

New Year heralds several senior management employments

By: Henry Lazenby     4th January 2017 Early 2017 corporate activity saw a slew of senior management appointments being made by miners. TSX- and NYSE-listed Tahoe Resources has appointed former Goldcorp president and CEO Chuck Jeannes to the board effective January 1. 

Scotiabank Commodity Index set to end 2016 on high note

By: Henry Lazenby     21st December 2016 The Bank of Nova Scotia expects its benchmark Scotiabank Commodity Price Index to finish the year up 25%, with all sub-indices showing positive performance, the third largest Canadian banking group said Tuesday. The oil and gas index rose 55% in the year-to-November after both oil and natural gas... 

Lithium asset consolidation proceeds unabated

By: Henry Lazenby     20th December 2016 Asset consolidation is continuing in the junior lithium space, with several companies announcing deals in the past week. Wealth Minerals announced Monday that its Chilean subsidiary has entered a letter of intent dated December 12, with arm’s length vendors giving it the exclusive right and... 

Karoon draged into Petrobas battle

By: Esmarie Swanepoel     16th December 2016 The Brazilian Federal Court of Accounts has suspended major Petrobas from further divesting its assets, except for five projects deemed in the final stages of negotiations, including the Baúna and Tartaruga Verde fields, which ASX-listed Karoon Gas is in negotiations to buy. Karoon, which has... 

Santos sets cap to raise A$1.5bn

By: Esmarie Swanepoel     16th December 2016 Oil and gas major Santos has successfully completed the institutional placement component of it’s A$1.5-billion capital raise. Some 256-million new shares, priced at $4.06 a share, will be issued under the institutional placement, raising A$1.04-billion. 

Bioplastics development project, Thailand

By: Sheila Barradas     15th December 2016 The project proposes to build a world-class polylactic polymerisation plant, with a capacity of 75 000 t/y. 

South Pars 11 project, Iran

By: Sheila Barradas     15th December 2016 The project involves the development of Phase 11 of South Pars, the world’s largest gasfield. 

Global base metals, US coal and steel prices stabilising – Moody's

By: Henry Lazenby     14th December 2016 The 2017 outlooks for the global base metals, US steel and US coal industries remain stable for the next 12 to 18 months, according to Moody's Investors Service. In a report released Tuesday, the ratings agency said that weak macroeconomic indicators would limit upside movement in the base metals... 

Non-sparking maintenance tools from RS Components increases safety in potentially explosive environments

     13th December 2016 Extensive range of tools for maintenance engineers from EGA Master helps meet preventative safety needs in a variety of industrial sectors including oil and gas and many other applications. RS Components (RS), the trading brand of Electrocomponents plc, the global distributor for engineers, has... 

South Sudan in talks with India to revive closed oil blocks

By: Ajoy K Das     12th December 2016 The government of South Sudan has initiated talks with India to revive oil blocks closed in the wake of a civil war in 2013. During preliminary discussions between government representatives of the two countries, South Sudan offered compensation to ONGC Videsh, the overseas arm of India’s oil and... 

Stabilising WTI price prompts oil sands companies to dust off deferred projects

By: Henry Lazenby     10th December 2016 A 17% rise in West Texas Intermediate pricing since the start of the year has prompted two Canadian oil sands companies to revive deferred projects. TSX- and NYSE-listed Cenovus Energy on Thursday announced that it would proceed in the first half of 2017 with the Phase G expansion of its... 

Electric vehicles’ share of market to grow rapidly, says IHS Markit

By: Irma Venter     9th December 2016 Electric vehicles (EVs) could make up 15% to 35% of worldwide new vehicle sales in 2040, says IHS Markit, a specialist in critical information, analytics and solutions. The findings are part of a new research project, ‘Reinventing the Wheel’, that the company will conduct over the first half of... 

Sasol turns focus to oil in Moz after shoring up gas for proposed power plant

By: Terence Creamer     9th December 2016 South African energy and chemicals group Sasol has completed drilling two gas wells in southern Mozambique and has since turned its attention to the development of two commercial oil reservoirs, located in close proximity to its producing gas fields in Temane and Pande. Under the terms of the... 

MGX inks lithium brine accord with Sturgeon Lake oil & gas operator

By: Henry Lazenby     8th December 2016 Western Canada-focused project developer MGX Minerals has acquired rights to sample and analyse brine waters emitted from the Sturgeon Lake oilfield, in north-western Alberta for metallic mineralisation, the company reported Thursday. Under the agreement, MGX will be able to undertake water... 

Work starts on Exploring for the Future programme

By: Esmarie Swanepoel     8th December 2016 The Association of Mining and Exploration Companies (AMEC) has welcomed the federal government’s implementation of the A$100-million Exploring for the Future programme, which seeks to boost the productivity and competitiveness of the minerals sector. Resources and Northern Australia Minister... 

Santos unveils plan to rid itself of noncore assets, slash debt by $1.5bn

By: Esmarie Swanepoel     8th December 2016 Oil and gas major Santos has revealed plans to spin off its noncore assets into a standalone low-cost business as it targets a $1.5-billion debt reduction by the end of 2019. The assets to be spun out include those in Indonesia, Vietnam, Malaysia and Bangladesh, as well as in the Narrabri and... 

Oil & Gas Experts to Meet in Maputo in January

     7th December 2016 The Infra-Gas Projects Mozambique Summit will take place on the 31 January 2017 at the Radisson Blu Maputo Conference Centre. The event will be officially opened by Confederação das Associações Económicas de Moçambique, Ministério de Recursos Minerais e Energia and Ministério da Indústria e... 

SNC-Lavalin clinches $100m oil and gas deal

By: Megan van Wyngaardt     7th December 2016 TSX-listed SNC-Lavalin has been awarded a $100-million ten-year build-own-operate (BOO) oil and gas service contract for the engineering, procurement and construction (EPC) and the operations of multiple gas-compression and dehydration facilities in the US’s Permian basin, in Texas. SNC-Lavalin... 

NT's oil and gas exploration soars

By: Esmarie Swanepoel     7th December 2016 The Northern Territory government has celebrated the 47% increase in oil and gas exploration in the state, which has grown to its highest rate in 18 months. Companies spent a total of A$34.8-million on oil and gas exploration, marking the first significant upturn in exploration since the global... 

Explorer sues Victoria govt for A$2.7bn over fracking ban

By: Esmarie Swanepoel     7th December 2016 Oil and gas explorer Lake Oil has launched a A$2.7-billion legal claim against the Victorian government, after the state government announced plans to ban hydraulic fracturing (fracking). “The unjust and unlawful actions of the Victorian government, and its proposed Bill to ban onshore... 

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