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Water deal crucial for Kenya oil project might slip into Q3 – Tullow

By: Reuters     Updated 3 hours ago A deal with local Kenyan authorities that would allow Tullow Oil to pump water to pressurise oil wells, crucial for a final green light for the country's only oil project, may be delayed to the third quarter, a Tullow executive said on Friday. Tullow, with partners Total and Africa Oil, is... 

Unregistered HVAC practitioners still a threat to industry – Saracca

By: Cameron Mackay     22nd February 2019 Despite improvement in the number of people who are obtaining training and qualifications to become registered refrigeration gas practitioners, the number of air conditioner installers without an authorised refrigeration gas practitioner registration licence, or with a fraudulent certification,... 

Kenya’s retail sector diversifying amid a changing market

By: Creamer Media Reporter      21st February 2019 Kenya’s retail sector is diversifying with the entry of new players and international brands into the market. This is despite the retail sector growing at a “lethargic rate” compared to economic growth in the East African hub in 2018. The retail sector has been impacted by increases in taxes and... 

BHP half-year underlying profit down 8% to $3.7bn

By: Esmarie Iannucci     19th February 2019 Diversified major BHP reported an 8% decrease in half-year underlying profit and said its earnings from its copper division fell sharply in the six months. Underlying attributable profit fell from $4.1-billion in the half-year ended December 2017, to $3.7-billion in the half-year ended December... 

There’s liquidity in gas

18th February 2019 Mozambique is no stranger to mega-projects with large foreign direct investments dating back to the 90’s. Mozambique, through its National Oil Company, has again partnered with International Oil Companies for the development of gas resources discovered in offshore Mozambique. RMB’s Oil and Gas... 

Reatile acquires 37.54% stake in Pragma Holdings

15th February 2019 The Reatile Group, an investment holding company, has acquired a 37.54% stake in Pragma, one of SA’s leading enterprise asset and facilities management companies. This move enhances Pragma’s potential international growth, while accelerating the organisation’s transformation agenda. “I’ve been... 

Re-evaluation of SA’s mineral beneficiation strategy urged amid slow progress

By: Paige Müller     15th February 2019 Amid slow progress in realising South Africa’s mineral beneficiation strategy – as set out in the Department of Mineral Resources (DMR) 2011 policy document – mining industry participants, analysts and experts are re-evaluating the feasibility of mineral beneficiation as a growth trajectory path.... 

As renewables soar, BP sees China hitting brakes on energy growth

By: Reuters     14th February 2019 Global demand for renewable power will soar at an unprecedented pace over the coming decades, BP said in a benchmark report on Thursday, while China’s energy growth is seen sharply decelerating as its economic expansion slows. Still, China is set to remain the largest energy consumer by a long... 

Aker Energy eyes IPO after submitting Ghana oilfield plan in March

By: Reuters     14th February 2019 Norwegian oil company Aker said on Thursday that its exploration start-up in Ghana will submit development plans to Ghanaian authorities in March and the parent will then decide whether to sell stakes via an initial public offering or other means. The subsidiary, Aker Energy, plans to develop the... 

Carnarvon raises A$50m

By: Esmarie Iannucci     14th February 2019 ASX-listed Carnarvon Petroleum will raise A$50-million through a placement to institutional and sophisticated investors to fund appraisal and exploration activities in the North West Shelf. The company will issue some 151.6-million new shares, at an issue price of 33c a share to sophisticated... 

BHP approves $696m for Gulf of Mexico expansion

By: Esmarie Iannucci     13th February 2019 Mining major BHP on Wednesday approved $696-million in funding to develop the Atlantis Phase 3 project, in the Gulf of Mexico, after project partner BP in January approved a $1.3-billion expansion of the project. The Atlantis Phase 3 development will include the construction of a new subsea... 

CIL lines up capex for renewed thrust on developing CBM assets

By: Ajoy K Das     12th February 2019 Seizing an opportunity offered by recently relaxed rules, State-run miner Coal India Limited (CIL) has lined up a corpus of around $422-million to kick-start its sputtering coalbed methane (CBM) projects. The renewed thrust of getting the CBM projects off the ground would be initiated by Bharat... 

Xolobeni judgment continues to confound 

By: Martin Creamer     11th February 2019 Mining must take place with a strong focus on the interests of those who live in mining areas, says Mineral Resources Minister Gwede Mantashe, a standpoint that supports the notion that a mining right and a land right can co-exist, without pleasing one party at the expense of the other.  But the... 

Reatile acquires 37.54% stake in Pragma Holdings

By: Tasneem Bulbulia     8th February 2019 Investment holding company Reatile Group has acquired a 37.54% stake in enterprise asset and facilities management company Pragma; thereby enhancing Pragma’s potential international growth, while accelerating the organisation’s transformation agenda. Pragma CEO and founder Adriaan Scheeres... 

Company launches fluids for electric and hybrid vehicles

8th February 2019 Petroleum refinery company Total consolidated its position as key player in electric mobility by launching an innovative line of fluids for electric and hybrid vehicles. Launched in December last year, these products have been specially developed to meet the cooling and lubrication needs of the... 

€120m funding for rehabilitation of Malawi’s longest road

By: Marcel Chimwala     8th February 2019 The European Union has agreed to €120-million for rehabilitation of stretches of the M1 road in Malawi, the longest in the country, which runs from the northern to the southern borders. The funds comprise a €80-million loan and a €40-million grant, which the European Investment Bank will make... 

Total makes significant discovery off South Africa’s southern coast

By: Nadine James     7th February 2019 Petroleum company Total has made a significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, the company announced on Thursday. Located 175 km off the southern coast of South Africa, the Brulpadda well encountered 57 m of net gas condensate... 

Total Makes Significant Discovery And Opens A New Petroleum Province Offshore South Africa

7th February 2019 Total has made a significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, 175 kilometers off the southern coast of South Africa. The Brulpadda well encountered 57 meters of net gas condensate pay in Lower Cretaceous reservoirs. Following... 

Policy and Regulatory Framework for South Africa’s Mining Industry - Looking ahead

By: Creamer Media Reporter      7th February 2019 There’s never been a more pertinent time to reflect on the current landscape of the mining industry in South Africa than now. The year 2018 was an eventful year for the mining industry. The year saw the election of Cyril Ramaphosa as the new President of the ruling African National Congress (ANC)... 

Ethiopia finalising mining industry reforms – minister

By: Reuters     6th February 2019 Ethiopia will finalise reforms for its underdeveloped mining and oil sectors within the next two months as it seeks to encourage more foreign investors, its mines and petroleum minister said on Tuesday. The country has already cut taxes for mining companies in recent years but the government... 

Energy megaprojects on South Africa's radar as utility falters

By: Bloomberg     5th February 2019 South Africa is looking to spend-billions of rand to secure energy from megaprojects on the continent at a time when state power utility Eskom is broke and struggling to supply enough electricity. The government has signaled a willingness to buy 5 000 MW of power from a planned $18-billion... 

Lily mine could start recruiting new employees in March

By: African News Agency      5th February 2019 Siyakhula Sonke Empowerment Corporation (SSC), the new owners of the ill-fated Lily Mine in Mpumalanga, said on Tuesday that it would soon resume operations after the process of recruiting new employees started early this year. Tuesday marked the third anniversary of an accident at Lily Mine in... 

Centrica, Tokyo Gas sign deal to buy LNG from Mozambique

By: Reuters     5th February 2019 British energy supplier Centrica and Tokyo Gas have agreed to jointly buy 2.6-million tonnes of liquefied natural gas (LNG) a year from Mozambique LNG Company, the firms said on Tuesday. Centrica LNG Company, a subsidiary of Centrica, and the Japanese energy company said the LNG would be... 

Minerals Council reports mining industry’s 2018 successes

By: Tasneem Bulbulia     4th February 2019 South Africa’s mining industry contributed R356-billion to the country’s gross domestic product (GDP) in 2018, an increase on the R335-billion contribution in 2017, the Minerals Council South Africa ‘Facts and Figures 2018 Pocketbook’ shows. The pocketbook, which was released on Monday during a... 

Anadarko signs long-term deal with CNOOC for Mozambique gas

By: Reuters     1st February 2019 Anadarko Petroleum Corp said on Friday a long-term agreement had been signed with the trading division of China's state-owned offshore oil and gas producer CNOOC to supply liquefied natural gas (LNG) from Mozambique. The deal will bring it one step closer to making a final investment decision for... 

Anadarko wants armoured vehicles for Mozambique gas project

By: Bloomberg     1st February 2019 Anadarko Petroleum Corp wants a fleet of at least six vehicles with armor heavy enough to stop AK-47 bullets at its natural-gas project in Mozambique. And it needs them soon. The company called for expressions of interest from potential suppliers of so-called B6 specification vehicles, and also... 

Hydrogen energy facility, New Zealand

By: Sheila Barradas     1st February 2019 The project entails the construction of the first hydrogen production and refuelling facility at the Ports of Auckland's Waitematã port. 

PGM-using patents abound – CPM  

By: Martin Creamer     31st January 2019 Viable patents that involve the use of platinum group metals (PGMs) should be commercialised so that PGMs become less dependent on the automotive market, says CPM Group MD and founder Jeffrey Christian. CPM’s current projections, which are similar to those in the automotive and electricity supply... 

JOGMEC establishes Johannesburg Office as a base for natural resource development in Africa

30th January 2019 The Japan Oil, Gas and Metals National Corporation (JOGMEC) will be setting up an office in Johannesburg, South Africa on February 1, 2019, bringing the number of international JOGMEC offices to 14. “Recognising the immense potential which Africa has in supplying the world with natural resources,... 

Jogmec to establish Johannesburg office as African base to meet Japan's natural resource needs

By: Simone Liedtke     29th January 2019 The Japan Oil, Gas and Metals National Corporation (Jogmec) will open an office in Johannesburg on February 1. This brings the number of international Jogmec offices to 14. 

Xstate teams up with Hillcrest in North American hunt

By: Esmarie Iannucci     29th January 2019 ASX-listed Xstate Resources has struck a deal with TSX-listed Hillcrest Petroleum to jointly hunt for oil and gas acquisitions onshore Canada and the US. Xstate told shareholders that the alliance will be the primary investment vehicle for material investments by either party in the North... 

Boost for international miners as India's thermal coal imports jump

By: Reuters     28th January 2019 India's 2018 thermal coal imports rose at the fastest pace in four years, according to two industry sources, despite moves by Prime Minister Narendra Modi's government to cut imports in a bid to reduce its trade deficit. Coal is among the top five commodities imported by India, one of the... 

SSC Group receives Ministerial consent for the Vantage Goldfields takeover

By: Tasneem Bulbulia     25th January 2019 Siyakhula Sonke Empowerment Corporation’s (SSC) transfer of Vantage Goldfields and its assets, the Lily and Barbrook Mines, near Barberton, in Mpumalanga, to black-owned subsidiary Flaming Silver Trading 373, has become unconditional, the company announced in a statement on Thursday. SSC and... 

Comperj Complex e-house, Brazil

By: Sheila Barradas     25th January 2019 Kerui Metodo Construção e Montagem aims to provide an e-house solution for the construction of a natural-gas processing unit. 

Miners welcome Labour’s A$1bn hydrogen strategy

By: Esmarie Iannucci     23rd January 2019 The resources sector has welcomed the federal opposition’s A$1-billion hydrogen strategy, to fund hydrogen research and commercial development. Labour’s plan will see A$1-billion in funding from the Clean Energy Finance Corporation go towards supporting clean hydrogen development, with up to... 

Africa's position as the world's hottest oil and gas frontier to be entrenched this year

By: African News Agency      22nd January 2019 The year ahead will be key for the advancement of new exploration and production development projects from West to East Africa in the hydrocarbons market, entrenching the continent’s position as the word’s hottest oil and gas frontier, the African Energy Chamber (AEC) has said. The year however... 

Egypt to invest $9bn in refineries' upgrade over four years – Minister

By: Reuters     21st January 2019 Egypt plans to upgrade six oil refineries at a cost of about $9-billion over four years to increase domestic production to 41-million tonnes a year, the petroleum minister said. "We are trying to secure crude oil supplies for Egyptian refineries to increase local production of refined products,"... 

IEA sees oil demand growth defying economic slowdown for now

By: Bloomberg     18th January 2019 Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the International Energy Agency. “We have seen prices fall very significantly since the peak at the beginning of October, and that is... 

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