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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... 

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,... 

SNC-Lavalin signs multiyear agreement with Chevron

By: Anine Kilian     16th November 2017 Project management company SNC-Lavalin has inked a multiyear agreement with oil producer Chevron South Africa’s crude oil refinery in Cape Town, which will run until August 31, 2020.     As per the agreement, SNC-Lavalin’s scope of work includes the mechanical maintenance services of various... 

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... 

Nkwe resumes trading on the ASX

By: Esmarie Swanepoel     16th November 2017 South Africa-focused Nkwe Platinum has resumed trading on the ASX after nearly a year, following the lifting of a Section 47 notice on its Garatau project, in Limpopo. The South African Department of Mineral Resources (DMR) issued the Section 47 notice in October last year, threatening to... 

Ghana opens talks with Exxon on deepwater drilling contract

By: Reuters     14th November 2017 Ghana has opened talks with Exxon Mobil Corp to allow the US oil firm to undertake deepwater exploration off its coast, a deputy energy minister said on Monday. "The negotiations are ongoing according to our current laws ... so far so good," Mohamed Amin Adam told Reuters on the sidelines of an... 

Argentina seeks to overtake Chile in South America lithium race

By: Reuters     14th November 2017 The giant pools of turquoise water in the mountainous deserts of northwest Argentina shimmer in the sunlight like oases and for lithium miners like Australia's Orocobre, that is exactly what they are. The mid-cap miner is one of several lithium producers stepping up investment in Argentina amid... 

Tullow Oil raises FY production guidance on Ghana fields

By: Reuters     13th November 2017 Tullow Oil raised its production guidance on Wednesday, aided by higher output from its TEN and Jubilee fields in Ghana. The company now expects full-year West Africa net oil production, including production-equivalent insurance payments, to come in at 85 000 bbl/d to 89 000 bbl/d, compared 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... 

Gas company secures onshore petroleum production right

By: Mia Breytenbach     10th November 2017 The Petroleum Agency of South Africa has granted integrated alternative and renewable-energy business Renergen’s Tetra4 subsidiary environmental authorisation for its Free State natural gas development. The authorisation, the processing of which has taken more than two years, with multiple rounds... 

South African manufacturing declines, but could recuperate in new year

By: Megan van Wyngaardt     9th November 2017 Difficult trading conditions in the country are reflected in Statistics South Africa’s latest manufacturing numbers, with production having decreased by 1.6% year-on-year in September. However, Nedbank analysts said in a release that the latest set of production figures suggests that the economic... 

Tullow Oil raises FY production guidance on Ghana fields

By: Reuters     8th November 2017 Tullow Oil Plc raised its production guidance on Wednesday, aided by higher output from its TEN and Jubilee fields in Ghana. The company now expects full-year West Africa net oil production, including production-equivalent insurance payments, to come in at 85 000 bbl/d to 89 000 bbl/d compared... 

Gas industry frustrated by NT fracking inquiry delay

By: Esmarie Swanepoel     8th November 2017 The Australian Petroleum Production and Exploration Association (Appea) has warned that a three-month delay in the independent inquiry into hydraulic fracturing (fracking) in the Northern Territory would impact on investment in onshore gas projects over the next year. The Scientific Inquiry into... 

Engen Driver Wellness 2017 travels to Springfontein

     6th November 2017 Engen Petroleum is launching their annual Driver Wellness programme in Springfontien on November 17th. Truck drivers are invited to receive free voluntary health screenings at the Springfontein Truck Stop, situated on the N1 Highway from 07:00 – 15:00 as part of Engen’s Driver Wellness... 

Driver Wellness visits Kokstad

     6th November 2017 Engen Petroleum is taking their annual Driver Wellness programme to Kokstad in the KwaZulu Natal, offering free health screenings for truck drivers passing through Kokstad.   As part of this initiative, all truck drivers are invited to receive voluntary health screenings at Engen Kokstad Truck... 

Free State natural gas project, South Africa

By: Sheila Barradas     3rd November 2017 The Petroleum Agency of South Africa has granted the project environmental authorisation. 

WA govt gets more applications for EIS funds

By: Esmarie Swanepoel     2nd November 2017 The Western Australian government has received 52 submissions, including six from prospectors, for Round 16 of its Exploration Incentive Scheme (EIS), which will be awarded in early December. Mines and Petroleum Minister Bill Johnston said on Thursday that the applications for Round 16 of the EIS... 

Indian petcoke ban to boost coal imports amid already tight market

By: Reuters     1st November 2017 A ban on petroleum coke around the Indian capital of New Delhi starting from Wednesday will require the country to raise its imports of coal to replace the fuel, just as Asia is heading into the tightest market conditions for coal in years. India's annual demand for petroleum coke, an energy... 

SA Hippo Flameproof Submersible Slurry Pump Goes To Houston.

     1st November 2017 TARGA RESOURCES, with its headquarters in Houston, Texas, is a leading provider of midstream services in North America and is primarily engaged in the business of gathering, compressing, treating, processing gas, crude oil and the selling of refined petroleum products. At the TARGA RESOURCES’... 

Renergen reports modest interim results

By: Anine Kilian     31st October 2017 JSE-listed alternative and renewable energy business Renergen’s revenue increased by 179% to R1.4-million in the half-year ended August 31, bolstered by a higher diesel price following a weaker rand and higher oil prices in the period under review. The company’s cost of sales increased by 381% to... 

Appea asks NT to lift fracking moratorium

By: Esmarie Swanepoel     30th October 2017 The Australian Petroleum Production and Exploration Association (Appea) has again called on the Northern Territory government to lift a moratorium on hydraulic fracturing (fracking), after an independent economic analysis found that shale gas development in the territory could deliver a number of... 

Australia mulls a west-to-east gas pipeline to shore up east coast supply

By: Esmarie Swanepoel     30th October 2017 The federal government has commissioned a prefeasibility study (PFS) into to evaluate the potential of constructing a gas pipeline from Western Australian to the east coast gas market. Federal Environment and Energy Minister Josh Frydenberg said on Monday that the findings from the study might... 

SA Hippo Sucessfully Exhibited At The Cim Memo 2017 In Saskatoon

     27th October 2017 The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) was founded in 1898 and it is the leading technical society of professionals in the Canadian Minerals, Metals, Materials and Energy Industries consisting of 10 Technical Societies and over 35 Branches. The members of this... 

Brent oil holds near two-year high as Saudi Prince backs Opec cuts

By: Bloomberg     27th October 2017 Brent oil held gains near the highest level in more than two years as Saudi Arabia’s Crown Prince Mohammed bin Salman backed the extension of Opec-led output cuts. Futures were little changed near $60 a barrel in London, up 2.6% for the week. The prince said Thursday that “of course” he wanted to... 

The Fourth Industrial Revolution is upon us and South African industry must adapt

By: Keith Campbell     27th October 2017 The Fourth Industrial Revolution, or Industry 4.0, is now under way. And there is no way that South African industry can avoid or escape it. Industry 4.0 embraces mobile connectivity, artificial intelligence, Big Data, the Internet of Things (IoT), next-generation robotics, additive manufacturing... 

Initiatives aim to reduce carbon footprint and production costs

By: Simone Liedtke     27th October 2017 Current initiatives in the global synthetic fuels (synfuels) industry are focussing on using coal feedstock more efficiently to reduce operational and capital costs of production, states chemicals process engineering company Holland and Hausberger CEO Dr Brendon Hausberger. 

CTL beneficial as a synfuel

By: Marleny Arnoldi     27th October 2017 Depending on market forces and subsequent regulations, coal-to-liquids (CTL) as a fuel alternative could be beneficial for the synfuels industry, especially for companies that diversify outside of conversion processes to include other capabilities, says synfuel company Synfuels Americas.  

Financial results exhibit value-based growth

     27th October 2017 In the 2017 financial year, energy and chemicals company Sasol’s results portrayed value-based growth on a robust foundation owing to a strong business performance across most of the value chain. 

The Fourth Industrial Revolution is upon us and SA industry must adapt

By: Keith Campbell     27th October 2017 The Fourth Industrial Revolution, or Industry 4.0, is now underway. And there is no way that South African industry can avoid or escape it. Industry 4.0 embraces mobile connectivity, artificial intelligence, “big data”, the Internet of Things (IoT), next-generation robotics, additive... 

Gigaba’s maiden MTBPS receives mixed reviews

By: Sane Dhlamini     26th October 2017 Finance Minister Malusi Gigaba’s maiden Medium-Term Budget Policy Statement (MTBPS) has received mixed reactions, with many organisations calling out its lack of attention to detail. Gigaba MTBPS was delayed by Economic Freedom Fighters MPs who objected to him delivering the budget on the basis... 

Appea concerned about talk of Cooper basin resource ban

By: Esmarie Swanepoel     26th October 2017 The Australian Petroleum Production and Exploration Association (Appea) has again warned the Queensland government that prohibiting gas exploration and development in parts of the Cooper basin would destroy jobs and investment and drive up energy costs for households and businesses. Appea... 

Nigeria's gasoline price cap hurting industry, costing economy

By: Reuters     26th October 2017 Nigeria must remove its gasoline price cap to prevent shortages, enable investment and keep the government from using valuable resources to import fuel, delegates at the OTL Expo in Lagos said on Wednesday. Gasoline is a highly charged subject in Nigeria, Africa's largest oil exporter. President... 

US to strengthen energy partnerships in Africa, says US Energy Secretary

By: Kim Cloete     25th October 2017 US Energy Secretary Rick Perry says his government is committed to strengthening its energy partnerships with African countries, but has called for a clear and transparent regulatory environment. “There is no more important message that governing bodies can send to both the US government and the... 

Uganda expects up to $20bn oil sector investment in next 3 to 4 years

By: Reuters     25th October 2017 Uganda expects investments of $15-billion to $20-billion in its oil industry in the next three to four years, Ernest Rubondo, executive director of Uganda's petroleum authority, told a conference in Cape Town. 

Govt eager to get mining parties back to the table – Gigaba

By: Natasha Odendaal     25th October 2017 With the implementation of the revised – and heavily contested – Mining Charter Three postponed to December, Finance Minister Malusi Gigaba on Wednesday said it was critical that the current impasse in the mining sector be resolved. Earlier this year, the Department of Mineral Resources (DMR)... 

Nigeria's new 650 000 bbl/d Dangote refinery seen online end 2019

By: Reuters     24th October 2017 A new 650 000 bbl/d refinery being built by Africa's richest man in Nigeria is expected to come onstream by the end of 2019, Nigeria's Minister of State for Petroleum Resources Emmanuel Ibe Kachikwu said on Tuesday. Kachikwu said Africa's biggest economy was also close to finalising the process... 

Renergen secures onshore petroleum production right in South Africa; will locally produce LNG

By: Mia Breytenbach     24th October 2017 The Petroleum Agency of South Africa has granted integrated alternative and renewable energy business Renergen’s Tetra4 subsidiary environmental authorisation for its Free State natural gas development. The authorisation, the processing of which has taken more than two years and has involved... 

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