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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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Surcotec’s thermal spray coating solutions has the Western Cape marine market covered

     26th May 2017 The marine industry is a notoriously harsh environment for equipment, parts and components due to accelerated corrosion in a seawater atmosphere and severe operating conditions. Leading thermal spray company, Surcotec, in partnership with Thermaspray, offers a range of high quality thermal spray... 

Long-serving Sanral engineering exec looks back as he prepares to step down

By: Irma Venter     26th May 2017 When Koos Smit studied civil engineering on a public service bursary at the University of Pretoria in the 1970s, the plan was that he would qualify and build dams and pipelines.However, an oversupply of engineers at the Department of Water Affairs saw him sign up at National Roads. He remained at... 

From Yukon to Patagonia, gold explorers stir after sleep

By: Bloomberg     19th May 2017 From Canada’s Yukon to southern Patagonia, outbreaks of gold-rush fever are popping up as bullion markets stage a tentative recovery. The number of holes drilled at gold deposits has been rising steadily for more than a year, according to S&P Global Market Intelligence. 

India, Japan to push for One Belt, One Road counter at AfDB conference 

By: Ajoy K Das     19th May 2017 India will unleash its highest level of economic diplomacy at next week’s African Development Bank (AfDB) conference in the western city of Ahmedabad, with the aim of setting quantifiable targets of international economic and trade cooperation between the continents in a bid to counter China’s... 

Stefanutti Stocks’ FY earnings drop as settlement with govt plays out

By: Megan van Wyngaardt     18th May 2017 Construction company Stefanutti Stocks has swung to an operating loss of R106-million for the financial year ended February 28, compared with a profit of R392-million the year before, “reflecting the challenging trading environment”. Contract revenue from operations decreased by R611-million to... 

Nigeria's NNPC finalising $6bn worth of oil-for-product swaps

By: Reuters     18th May 2017 Nigeria's state oil company is in the final stage of signing $6-billion worth of deals to exchange more than 300 000 bbl/d of crude oil for imported gasoline and diesel, sources with direct knowledge of the process told Reuters. The contracts, which come three months later than expected, include... 

Canavan takes aim at ‘ridiculous’ gas exploration moratoriums

By: Esmarie Swanepoel     15th May 2017 Federal Resources Minister Matt Canavan has committed to work with state and territory governments in an effort to lift “ridiculous” moratoriums on gas exploration. Speaking at the Australian Petroleum Production & Exploration Association (Appea) conference in Perth on Monday, Canavan said the... 

Robust pump delivers water on dry days

     12th May 2017 Pump manufacturer Franklin Electric has developed a rugged, high-output solar-powered pumping system which solves the challenges presented by harsh and remote environments, providing pumping power on dry days when water is needed most. 

TransCanada reports bumper Q1 earnings

By: Henry Lazenby     5th May 2017 Pipeline operator TransCanada has more than doubled its first-quarter profit, boosted higher by a 35% jump in revenues, the company announced Friday. The Calgary-based company said that higher contributions from its US and Mexican natural gas pipelines and higher earnings from Western Power... 

Sanral’s chief engineer on retirement, career highlights and tolling 

By: Irma Venter     5th May 2017 When Koos Smit studied civil engineering on a public service bursary at the University of Pretoria in the 1970s, the plan was that he would qualify and build dams and pipelines. However, an oversupply of engineers at the Department of Water Affairs saw him sign up at National Roads. 

Ichthys liquefied natural gas project, Australia

By: Sheila Barradas     5th May 2017 The start of the Ichthys liquefied natural gas project has been delayed. 

East Coast faces a policy crisis, not gas crisis – Santos

By: Esmarie Swanepoel     4th May 2017 Oil and gas major Santos on Thursday said that the Australian East Coast was not faced with a gas crisis, but rather a policy crisis. Speaking at the company’s annual general meeting on Thursday, chairperson Peter Coates told shareholders that there was an “absolute shortage of uniform... 

LNG-focused energy aspirant plans June listing on AltX

By: Terence Creamer     25th April 2017 A black-empowered energy company, with a specific focus on liquefied natural gas (LNG), intends listing as a special purpose acquisition company on the JSE’s AltX board in June. African Energy Partners Limited (AEP) will seek to raise up to R500-million to help fund its first “viable... 

Newmont reveals Ahafo underground mine, mill expansion plans to lift output 50%

By: Henry Lazenby     21st April 2017 US-based gold major Newmont Mining has announced investment plans to the value of $380-million for a new underground mine and a 50% plant expansion at the Ahafo mine, in Ghana. The Subika underground mine is projected to produce 1.8-million ounces of gold over an 11-year mine life, and features... 

Governments worldwide could save $1tr by adopting procurement best practices – McKinsey 

By: Terence Creamer     19th April 2017 Governments worldwide could reduce their current purchasing bill by 15%, or a combined $1-trillion, if they were to adopt best-practice procurement disciplines, a new study by the McKinsey Center for Government (MCG) claims. The study, titled ‘Government Productivity: Unlocking the $3.5-trillion... 

Queensland’s Lynham pitches pipelines funding proposal to federal govt

By: Esmarie Swanepoel     18th April 2017 The Queensland government has placed a proposal before the federal government seeking funding for new gas pipelines in exchange for Queensland gas resources. Natural Resources and Mines Minister Dr Anthony Lynham over the weekend said that the package of initiatives was aimed at tackling the... 

Fire damage to Western Cape agri sector nearly R200m

By: Megan van Wyngaardt     12th April 2017 The Western Cape Department of Agriculture says that, based on questionnaires distributed to farmers in the region, around R192.3-million in fire damage has been reported in the Hessequa and George regions. “We received feedback from 79 farms. The data shows that infrastructure, crops, livestock,... 

Two pipelines test economics of East Africa’s oil developments

By: Bloomberg     7th April 2017 A decade after its first big oil find, East Africa’s emergence as a crude exporter has been hindered by security and cost concerns that left the region building two pipelines instead of one. Uganda and Kenya are developing two new basins and originally agreed to build one line to connect the... 

Safeguard Against Costly Condensation

     5th April 2017 In today’s manufacturing environment, compressed air is an essential power source and therefore its quality requirements are vital. Even when meeting operational requirements, air moving through pipelines can lay down more moisture through condensation than what is acceptable, causing costly... 

Keystone pipeline Gulf Coast expansion project, Canada and the US

By: Sheila Barradas     31st March 2017 US President Donald Trump has issued a Presidential Permit, approving the construction of TransCanada’s long-delayed Kyestone Guld expansion pipeline. 

Trump wastes no time to approve TransCanada’s Keystone XL pipeline

By: Henry Lazenby     24th March 2017 US President Donald Trump on Friday issued a Presidential Permit, approving the construction of TransCanada’s long-delayed $8-billion Keystone XL (KXL) pipeline. “TransCanada will finally be allowed to complete this long overdue project with efficiency and with speed. We're working out the final... 

Company offers joints for plastic content in auto manufacturing

     24th March 2017 Germany-based mechanical engineering company Haag + Zeissler says the automotive industry is planning to increase the present plastic content in electric vehicles by around 25% to enable a necessary saving in vehicle weight.  

TransCanada to push ahead with C$1.4bn North Montney gas pipeline earlier than expected

By: Henry Lazenby     21st March 2017 Pipeline operator TransCanada has filed a variance application with the National Energy Board to proceed with construction of the North Montney Mainline Project (NMMP) ahead of schedule. The Calgary, Alberta-based oil and gas transporter has already been granted the required federal and... 

South Africa asks World Bank to review ease-of-doing-business position in light of InvestSA initiative 

By: Terence Creamer     17th March 2017 The South African government has officially launched a new investment facilitation service, dubbed InvestSA, which it claims will dramatically reduce red tape for foreign and domestic businesses seeking to pursue greenfield or brownfield projects in the country. The service, which has both... 

Kusile power plant project, South Africa

By: Sheila Barradas     17th March 2017 The Kusile power station’s Unit 1 has reached its full 800 MW load-generating capacity after initial synchronisation on December 26. 

Olifants River Water Resources Development Project – Phase 2, South Africa

By: Sheila Barradas     17th March 2017 Phase 2B of the Olifants River Water Resources Development Project is under review with the DWS. 

Fortress Income Fund launches R650 million Louwlardia development

     16th March 2017 The JSE listed Fortress Income Fund has officially launched the Louwlardia Logistics Park, a R650 million A Grade logistics facility that is under development alongside the N1 in Centurion.   Speaking at the launch,  executive director Andrew Teixeira said that Louwlardia was part of the 1... 

Canadian crude index outperforms WTI, as oil sags and natural gas rallies

By: Henry Lazenby     11th March 2017 While crude oil was in a tight range in January and February, the price of crude oil has risen since the election of US President Donald Trump last November. That was until early March, when the West Texas Intermediate (WTI) benchmark corrected and this week dipped below the psychologically... 

Basil Read maintains steady turnover in FY16

By: Megan van Wyngaardt     10th March 2017 Basil Read on Friday posted steady turnover at just over the R5-billion mark for the year ended December 31. This was, however, lower than the R5.5-billion turnover in 2015, mainly as a result of eliminating loss-making businesses and projects. 

Narrabri gas project, Australia

By: Sheila Barradas     10th March 2017 Santos NSW is proposing to develop natural gas from coal seams in the Gunnedah basin. 

Big River Steel officially opens North America’s latest steel complex

     6th March 2017 On March 1, 2017, the American steel producer Big River Steel (BRS) officially opened its new steelmaking plant in Osceola in the U.S. State of Arkansas. Numerous guests from the steel industry, politics and economy attended the grand opening, among them Asa Hutchinson, Governor of the State of... 

Big River Steel officially opens North America’s latest steel complex

     2nd March 2017 On March 1, 2017, the American steel producer Big River Steel officially opened its new steelmaking plant in Osceola in the U.S. State of Arkansas. Numerous guests from the steel industry, politics and economy attended the grand opening, among them Asa Hutchinson, Governor of the State of... 

Nersa increases petroleum pipeline tariffs by 0.30%

By: Megan van Wyngaardt     28th February 2017 The National Energy Regulator of South Africa (Nersa) has increased petroleum pipeline tariffs by 0.30%, allowing Transnet Pipelines to realise a 1.43% year-on-year increase in allowable revenue (AR) for 2017/18. If Energy Minister Tina Joemat-Petterson decides to use the pipeline tariff as a... 

CRG acquires concentrator circuit

By: Megan van Wyngaardt     27th February 2017 Central Rand Gold (CRG) has placed an order for a 60 000 t/m concentrator circuit to upgrade the gold grade of mine waste dumps materials before further metallurgical processing. The circuit will comprise four centrifugal concentrators, two scrubbers, a high-speed agitator, a dewatering screen,... 

On-The-Air (17/02/2017) 

By: Martin Creamer     17th February 2017 Billions of rands are being earmarked for a big new coal expansion in Mpumalanga  

New US President may benefit the resources sector

By: Henry Lazenby     17th February 2017 While Donald Trump is likely to lower US corporate taxes, bringing US dollars back into the country and rebuilding American infrastructure through a massive $1-trillion spending programme, the new President is coming in at the “US midnight”, Euro Pacific Capital founder and CEO Peter Schiff says.... 

Efforts to salvage wind-tower plant shut in wake of Eskom’s refusal to sign new IPP contracts

By: Terence Creamer     17th February 2017 The Industrial Development Corporation (IDC) is hoping to salvage the domestic manufacturing capability established to produce wind-tower sections in the Eastern Cape that was set up in response to government’s demand for higher levels of local content in the renewable-energy sector. However, it... 

Global energy council ponders gas-related realities

     17th February 2017 In recent years, the gas market has undergone several changes - the discovery of new deposits, the evolution of gas transport techniques and the new gas pipelines are all elements that deeply modify this market, notes international energy organisation World Energy Council (WEC). The council notes... 

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