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Molewa gazettes financial provisioning regulation amendments

By: Marleny Arnoldi     20th April 2018 Environmental Affairs Minister Dr Edna Molewa on Friday gazetted, for implementation, an amendment to the Financial Provisioning Regulations (FPR) for prospecting, exploration, mining or production operations.  

RBPlat receives government approval for Maseve acquisition

By: Simone Liedtke     20th April 2018 South Africa’s Department of Mineral Resources (DMR) has been granted consent in terms of Section 11 of the Mineral and Petroleum Resources Development Act for the transfer of the entire issued share capital of Maseve Investments 11, the holding company of the Maseve mine, in Rustenburg, to Royal... 

India seeks consultants to frame regulations for gas trading hub

By: Ajoy K Das     20th April 2018 With the Indian government aiming to set up a natural gas trading hub in the country, sector regulator the Petroleum and Natural Gas Regulatory Board (PNGRB) is seeking to appoint a consultant to help determine a regulatory mechanism for such a trading exchange. “In  order to further boost the... 

Trump's latest plan for saving coal comes from the Cold War

By: Bloomberg     20th April 2018 Months into the Korean War, President Harry Truman capped wages and imposed price controls on the steel industry, seizing authority under a newly passed law to take action in the name of national defense. Now, more than a half century later, Trump administration officials are considering using... 

Miners warn new NT royalty proposal to hurt investment

By: Esmarie Swanepoel     20th April 2018 The resources sector has warned the Northern Territory government that adjustments to its royalty system could hamper investment in the region. Northern Territory Treasurer Nicole Manison on Friday announced the introduction of a hybrid royalty scheme as part of the territory government’s plans... 

North Field expansion onshore facilities project, Qatar

By: Sheila Barradas     20th April 2018 Qatargas is developing the largest single nonassociated gasfield in the world. 

Oanda awarded EPC contract for Nigeria’s AKK pipeline

By: Anine Kilian     19th April 2018 JSE-listed Oando together with Oilserv have been awarded the engineering, procurement, construction (EPC) mandate for the Ajaokuta – Abuja portion of the $727-million Ajaokuta-Kaduna-Kano (AKK) pipeline system by the Nigerian National Petroleum Corporation (NNPC). The contract award follows an... 

BHP cuts guidance at Olympic Dam and Pilbara iron-ore ops

By: Esmarie Swanepoel     19th April 2018 Mining giant BHP has reduced its full-year production expectations for its Pilbara iron-ore operations, as well as the Olympic Dam mine, in South Australia. The miner on Thursday reported a 6% drop in iron-ore production during the three months to March, compared with the previous quarter,... 

Woodside plans Pluto LNG expansion

By: Esmarie Swanepoel     18th April 2018 Australian oil and gas major Woodside Petroleum has flagged plans to accelerate the development of the Scarborough gas field through an expansion of the Pluto liquefied natural gas (LNG) project. Woodside in March acquired ExxonMobil’s interest in the Scarborough gas field, taking its interest... 

CSIR developing water treatment, biodegradable plastic solutions

By: Anine Kilian     17th April 2018 Most of the plastics used in South Africa are nonbiodegradable, especially in the packaging industry, and end up in landfills, posing environmental threats and health concerns, Council for Scientific and Industrial Research (CSIR) polymer modification group leader Dr Avashnee Chetty says.... 

Industry urges quick gas ramp up as Northern Territory gives fracking green light

By: Esmarie Swanepoel     17th April 2018 The Northern Territory government will lift a near two-year moratorium on fracking, accepting all 135 recommendations made by a recent independent inquiry. Chief Minister Michael Gunner said on Tuesday that the implementation of the recommendations in the inquiry report would begin, noting that... 

Coal India earmarks corpus for CBM foray

By: Ajoy K Das     17th April 2018 State-owned Coal India Limited (CIL) has earmarked $462-million for its foray into exploration and production of coal-bed methane (CBM), following government’s announcement that it will relax rules to allow the company to exploit the resource. Though plans are yet to be finalised, sources have... 

AfriForum, TKAG welcome Shell’s indication to withdraw from shale gas exploration

By: Anine Kilian     16th April 2018 AfriForum and the Treasure THE Karoo Action Group (TKAG) view Shell South Africa’s indication of its intention to withdraw from shale gas exploration in the Karoo as a major victory for those who care about the environment, TKAG said in a statement on Monday. The Herald last week reported that... 

Zambia shortlists five firms for majority stake in oil refinery

By: Reuters     16th April 2018 Zambia has short-listed five companies including Britain's Glencore Energy and Sahara Energy Resources to buy a majority stake in its only oil refinery, a state-owned firm said on Monday. The government-owned Industrial Development Corporation (IDC) has said it wants a strong strategic equity... 

First ‘Resources for Future Generations’ conference to be held in Vancouver

By: Henry Lazenby     13th April 2018 The Resources for Future Generations conference (RFG2018) is scheduled to make its debut on the Canadian resource conference circuit between June 16 and 21, in Vancouver, and is shaping up to be an event unlike the myriad of competing forums held in Canada throughout the year. RFG2018 chairperson... 

Arc 1

     13th April 2018 High-quality welding and cutting products and services supplier Arc 1 is focused on supporting the fabrication industry in Southern Africa. Based in Elandsfontein, Germiston, the company intends to be the supplier of choice for those fabrication customers wanting to procure high-quality welding... 

Commission’s LPG Market Inquiry recommendation yields positive outcomes

By: Simone Liedtke     12th April 2018 The Competition Commission has accepted the withdrawal of a complaint by propellants supplier Puregas against liquefied petroleum gas (LPG) manufacturer and supplier Shell Downstream for unfair business practices, after Puregas was able to secure a supply agreement on favourable terms.   In... 

Glencore is losing billionaire allies to Trump's sanctions

By: Bloomberg     12th April 2018 The reach and power of US sanctions are hemming in the world’s largest commodity trader. In just four months, Glencore chief Ivan Glasenberg has lost two of his closest business allies as President Donald Trump’s aggressive foreign policy hits home, forcing him to cut ties with billionaires Oleg... 

Coal India to scout for global CBM technology, production partner

By: Ajoy K Das     12th April 2018 With India’s Cabinet Committee for Economic Affairs (CCEA) on Wednesday liberalising rules for coalbed methane (CBM), Coal India Limited (CIL) will shortly start scouting for global technology and production partners to extract the gas from coal blocks that it holds. While detailed search plans... 

Engen and football partners SuperSport United inspires youth in Cape Town

     12th April 2018 Engen, South Africa’s leading petroleum brand*, and partners SuperSport United continue to inspire youth at grassroots level by hosting a coaching clinic for local children at Belgravia High School, Athlone, Cape Town on Friday 13 April 2018. The coaching clinic starts at 11h00 at the school. 

PTM warns of liquidity constraints ahead of completion of stage two of Maseve transaction

By: Marleny Arnoldi     12th April 2018 Project developer Platinum Group Metals (PTM) has warned that its liquidity will be constrained until the second stage of the sale of its Maseve mine to Royal Bafokeng Platinum (RBPlat) is completed.  

TNPA presents strategy to improve transformation at Island View Precinct

By: Shirley le Guern     12th April 2018 A major shake-up within the Island View Precinct (IVP) in the port of Durban is expected after Transnet National Ports Authority (TNPA) began engaging tenants ahead of the implementation of its new IVP strategy this week. At a press conference following initial engagements with leaseholders and... 

India proposes bringing LNG terminals within the PNGRB regulatory framework

By: Ajoy K Das     11th April 2018 India’s upstream oil and gas sector regulator, Petroleum and Natural Gas Regulatory Board (PNGRB), has proposed to bring all new liquefied natural gas (LNG) storage and regasification projects under its regulatory framework. The regulator’s draft 'Petroleum and Natural Gas Regulatory Board... 

Feb manufacturing output disappoints on firmer rand, bottlenecks

By: Reuters     10th April 2018 South Africa's manufacturing output came in below expectations in February following a run of five months of robust growth, with analysts pointing to a stronger rand and various bottlenecks, including the cost of doing business. Manufacturing output rose 0.6% year-on-year in February, well below... 

Mantashe to engage further on 'once empowered, always empowered' ruling

By: African News Agency      10th April 2018 South African Mineral Resources Minister Gwede Mantashe on Tuesday said that his department would be engaging further with the mining industry about the contested "once empowered, always empowered" ruling. Last week, the North Gauteng High Court granted a declaratory order on the "once empowered... 

Energas introduces new Mokveld Typhoon Valve System

     9th April 2018 After more than a decade of development and testing in diverse applications, Mokveld’s Typhoon Valve System is now ready for commercial use. The technology is also now available locally through Mokveld’s distributor in South Africa, Energas Technologies, a leading supplier of high-end and... 

Court ruling on ‘once empowered, always empowered’ principle brings certainty to the mining industry

By: Simone Liedtke     6th April 2018 The High Court’s judgment earlier this week in support of the ‘once empowered, always empowered’ principle will provide clarity for the mining industry, which will contribute to greater investor confidence, says law firm Webber Wentzel. The High Court on Wednesday ruled that mining right holders... 

Nigeria awards two of three gas pipeline deals

By: Reuters     6th April 2018 The Nigerian National Petroleum Corporation (NNPC) said on Friday it had awarded two of three gas pipeline contracts which in total will be worth more than $2.8-billion. One contract for a roughly 200 km (124.27 miles) stretch of the 614 km Ajaokuta-Kaduna-Kano pipeline and stations was awarded... 

First phase of PTM’s Maseve sales transaction completed

By: Simone Liedtke     6th April 2018 TSX-listed Platinum Group Metals (PTM) has completed the sale of its Maseve concentrator plant, near Rustenburg, in South Africa’s North West province, as well as the sale of certain surface rights to Royal Bafokeng Platinum (RBPlat). PTM and RBPlat in November 2017 executed definitive agreements... 

Queensland awards Santos exploration rights near Injune

By: Esmarie Swanepoel     6th April 2018 Oil and gas major Santos and its Gladstone liquefied natural gas (GLNG) partners have been granted the rights to explore for gas near Injune, in Queensland. Queensland Mines Minister Dr Anthony Lynham said Santos and its joint venture (JV) partners Total, Petronas, Kogas and Australia Pacific... 

Commissioning under way on Kenya’s new multipurpose pipeline

By: John Muchira     6th April 2018 Kenya was last week set to commission a multipurpose pipeline from the coastal city of Mombasa to the capital, Nairobi, in a major milestone in its quest to enhance efficiency in the transport of petroleum products. Construction of the $470-million pipeline, implemented by the Kenya Pipeline... 

Angola seeks to further expand its diamond sector against a backdrop of rising output

By: Rebecca Campbell     6th April 2018 Angola’s diamond exports in January brought in the second highest price per carat ($136.24) for monthly sales since October 2016, the Portuguese news agency Lusa has reported. The highest price per carat ($138.60) for monthly sales in this period was achieved in November last year.  

Crude flexibility project, United Arab Emirates

By: Sheila Barradas     6th April 2018 Abu Dhabi National Oil Company plans to introduce crude processing flexibility at its Ruwais oil refinery, in Abu Dhabi. 

Oando commissions new office building in Lagos

By: Anine Kilian     5th April 2018 Dual-listed Oando has officially commissioned its new office building, the Wings Office Complex, in Lagos, Nigeria. The complex, which was commissioned by State and Petroleum Minister Ibe Kachickwu,  comprises two 12-storey towers with 27 000 m2 of lettable office space, a three-level car park,... 

CAPP urges feds to ensure Canadian oil, gas benefit from growing global energy demand

By: Henry Lazenby     4th April 2018 Despite surging demand globally for all forms of energy, Canada’s oil and natural gas industry is at risk as the cumulative effect of federal and provincial policies and regulations are fast thinning the country’s market opportunity by thwarting industry growth, competitiveness and market access,... 

Engen’s Youth Development Programme shortlisted for the 2018 Sport Industry Awards

By: Creamer Media Reporter      4th April 2018 Sport Industry Group brings the sport industry together through a series of world-class events, industry-leading editorial content and a genuinely unparalleled network of influential figures from across the international sporting landscape. They focus on three key pillars: Share, Connect and... 

Fluor Awarded Front-End Engineering and Design and Project Management Consultancy Contract for Phosphoric Acid Production Facility in Egypt

By: Creamer Media Reporter      4th April 2018 IRVING, Texas & CAIRO--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that it was awarded the front-end engineering design (FEED) contract by Egypt’s state energy firm Enppi for the offsites and utilities portion of the main plant complex and support services for the Waphco... 

Senex granted approvals for project to supply gas-strapped east coast

By: Esmarie Swanepoel     29th March 2018 The Queensland government has granted ASX-listed Senex Energy a petroleum lease and preliminary environmental approvals to develop Project Atlas, to supply gas to the domestic market. Natural Resources, Mines and Energy Minister Dr Anthony Lynham said the grant of Senex’s petroleum lease in the... 

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