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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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M&R homes in on US construction acquisition

By: Terence Creamer     24th August 2017 Restructured engineering and construction group Murray & Roberts (M&R), which offers project lifecycle services in selected natural resources markets globally, is actively pursuing a US acquisition, which it hopes to consummate during the company’s 2018 financial year. CEO Henry Laas tells... 

Regency completes partial sale of UK oil and exploration project

By: Creamer Media Reporter      24th August 2017 Aim-listed Regency Mines has completed the sale of a 1.9% interest in Horse Hill Developments (HHDL), the special purpose vehicle owning an oil and gas licences in southern England. Regency sold the 19 shares in HHDL to UK Oil and Gas Investments (UKOG) for £323 000 in cash and shares. UKOG now... 

Santos narrows losses in interim period

By: Esmarie Swanepoel     24th August 2017 Australian oil and gas major Santos has narrowed its net loss for the six months ended June from the $1.1-billion loss reported in the first half of 2016 to a loss of $506-million in the first half of 2017. The net loss includes an impairment charge of $689-million, which resulted from changes... 

M&R reports ‘low’ order book of R26.9bn, but says outlook more promising

By: Terence Creamer     23rd August 2017 JSE-listed engineering and construction group Murray & Roberts (M&R) said on Wednesday that its “low” order book of R26.9-billion was reflective of tough conditions in the natural resources markets it serves internationally. However, the company described the near- and medium-term outlook as... 

Higher prices, output lift Vedanta’s Q1 revenue, Ebitda

By: Anine Kilian     23rd August 2017 Higher commodity prices and production volumes contributed to a significant year-on-year increase in diversified miner Vedanta Resources’ revenue and earnings before interest, taxes, depreciation and amortisation (Ebitda) for the quarter ended June 30. Revenues rose by 32% year-on-year to... 

Santos redeems notes

By: Esmarie Swanepoel     23rd August 2017 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 appoints new directors, King steps down

By: Esmarie Swanepoel     23rd August 2017 Mining major BHP on Wednesday announced the appointment of two new board members, Terry Bowen and John Mogford, after Malcolm Brinded and Grant King decided to stand down. The mining company, which is under pressure from shareholders over its oil and gas investments, said King would not stand... 

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. 

India, Iran talks on Farzad B gasfields near breaking point 

By: Ajoy K Das     16th August 2017 The protracted negotiations between India and Iran on the Farzad B gasfields have come to a halt following a hardening of stance by both countries. No top level talks between officials of India and Iran have been held since the expiry of the last deadline of February, but official written... 

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... 

$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... 

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... 

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... 

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... 

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.... 

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... 

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... 

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... 

SacOil to acquire local fuels wholesaler

By: Samantha Herbst     27th July 2017 JSE-listed SacOil is in talks to acquire a South African fuels wholesaler that owns and operates a substantial fleet of heavy-duty tankers, the company announced Thursday. The wholesaler sells fuel products, namely diesel, petrol and paraffin, on a bulk basis to its customers operating within... 

Beach Energy unveils expanded capital programme

By: Esmarie Swanepoel     27th July 2017 Oil and gas producer Beach Energy on Thursday announced the launch of a multi-year capital spend programme, designed to appraise undeveloped reserves and prospective resource potential in the Cooper basin. The company told shareholders that in 2018, some A$220-million to A$260-million would be... 

SNC-Lavalin awarded contract on Fine Ash Dam 6 project at Sasol Secunda

     26th July 2017 Sasol Group Technology has awarded global professional services and project management company SNC-Lavalin a contract to provide structural, mechanical, electrical, instrumentation and piping construction services on the Fine Ash Dam 6 project at Sasol Secunda. This will comprise the installation... 

India's Vedanta Q1 consolidated profit doubles

By: Reuters     25th July 2017 Vedanta, the Indian unit of diversified energy group Vedanta Resources, reported a doubling of quarterly consolidated profit on Tuesday, as higher zinc prices helped the company to reap improved margins. Consolidated profit came in at 15.25-billion rupees in the quarter ended June 30, with... 

Trump America-first pipeline plan draws ire of American oil

By: Bloomberg     21st July 2017 Donald Trump’s allies in the oil industry are warning the president that his bid to boost US steelmakers could backfire against their efforts to achieve his goal of "American energy dominance." The intense lobbying effort comes as the Commerce Department faces a Sunday deadline to give the... 

AR Controls acquires leading valve manufacturer

     21st July 2017 Valve and actuator technology manufacturer and supplier AR Controls of Vanderbijlpark has announced that it has acquired IncoValve and Controls. The latter will be established as a leading producer for a range of industries. IncoValve and Controls has worked closely with AR Controls to combine... 

Industrial cybersecurity resilience in focus as attacks increase

By: Schalk Burger     21st July 2017 Effective industrial cybersecurity protection improves the resilience of industries, defends investments in automation and control systems and becomes an asset to manage industrial systems, risks and business continuity, a range of industrial cybersecurity specialists explain. The increased... 

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