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New draft Mining Charter better than ‘disaster’ it is replacing – Mohale

By: Nadine James 22nd June 2018 The latest draft of the third Mining Charter is not perfect, but it is better than the “disaster” it is replacing, Business Leadership South Africa CEO Bonang Mohale told attendees at the African Mining Network event on Thursday evening. He explained that the previous draft, which was... →

AEMO sees no gas supply gaps to 2030

By: Esmarie Swanepoel 22nd June 2018 The latest Gas Statement of Opportunities (GSOO) by the Australian Energy Market Operator (AEMO) has found that market intervention, new supply and lower demand have avoided a potential energy shortfall. The AEMO in late 2017, warned of a substantial shortfall in gas for the east coast of... →

Petroleum conference renewed for a third year

By: Paige Müller 15th June 2018 The West African International Petroleum Exhibition and Conference (Waipec) will be renewed for a third consecutive year, following an overwhelmingly successful reception from regional and international participants at this year’s second annual conference in Lagos, Nigeria. Petroleum Technology... →

Italy top court rejects appeal to stymie Shell, Eni corruption trial

By: Reuters 14th June 2018 Italy's Supreme Court threw out an appeal from Shell and four former Shell managers to stymie a trial on alleged corruption in Nigeria, which also sees Eni's chief on the bench, legal sources said on Wednesday. The long-running graft case revolves around the 2011 purchase by Eni and Shell of... →

UD+ single-filter technology from Atlas Copco redefines filtration standards

14th June 2018 The UD+ advanced filter technology which combines Atlas Copco’s 2-in-1 nautilus concept, delivers a 40% lower pressure drop, removes contamination in compressed air down to 0.01 ppm, reduces maintenance costs and offers numerous environmental advantages. The patent-pending UD+ single cartridge... →

PetroSA's GTL refinery could run out of natural gas in two years

By: Reuters 12th June 2018 South Africa's flagship gas-to-liquids (GTL) refinery at Mossel Bay could run out of natural gas within two years when offshore reserves dry up, a senior energy official said on Tuesday. The Mossel Bay GTL plant, one of the world's largest, is operated by State-owned national oil and gas company... →

No let up on calls for flow-through model to boost exploration

By: Martin Creamer 7th June 2018 The failure to raise risk capital for greenfields exploration in South Africa was highlighted at this week’s Junior Indaba, where there was no let up on calls for the adoption of a proven Canada-type flow-through share scheme, and ongoing criticism of the unintended consequences of South Africa’s... →

Trilogy reports maiden cobalt resource estimate for Alaska project

By: Anine Kilian 6th June 2018 Alaska-focused mineral explorer Trilogy Metals on Monday reported a maiden 77-million-pound cobalt resource for its Bornite project. The resource estimate used assay data from drill holes completed by the company between 2011 and 2013 and re-sampled historic holes drilled in the 1960s and 1970s. →

Nigeria's Bodo community claims win over Shell after latest UK court ruling

By: Reuters 24th May 2018 A British judge ruled on Thursday that Nigeria's Bodo community, which has been involved in a protracted legal battle with Shell over the clean-up of two 2008 oil spills, should retain the option of litigation for another year. Lawyers for Bodo had accused Shell of trying to kill off the legal... →

Shell's oil spill dispute with Nigeria's Bodo villagers back in UK court

By: Reuters 23rd May 2018 Lawyers for the Bodo community in Nigeria's oil-producing Niger Delta, which was devastated by two major oil spills a decade ago, went to court in London on Tuesday to fend off what they said was an attempt by Shell to kill off their litigation. The Bodo oil spills have been the subject of years... →

Avesoro to update New Liberty reserve estimate in Q3

By: Simone Liedtke 17th May 2018 Avesoro Resources will update the market with an increased resource and reserve estimate for its New Liberty mine, in Liberia, in the third quarter. This follows the completion of a 19 500 m 55-hole infill drilling programme undertaken in the first quarter of the year. The programme was aimed at... →

At the heart of long haul

16th May 2018 Blurb: Shell Rimula believes that driver health and education lie at the fore in the prevention of road accidents for truck drivers As an advocate of driver wellness and health, Shell Rimula is committed to promoting road safety and education amongst both private and professional drivers. →

Norway postpones decision on carbon capture plant, drops Yara

By: Reuters 15th May 2018 Norway postponed a final decision on whether to go ahead with a project to develop Europe's first industrial carbon capture and offshore storage (CCS) project, after dropping one of its participants, Yara International . The government said on Tuesday that fertiliser maker Yara's site, one of... →

Some inroads made after ten years of the Industrial Policy Action Plan - Davies

By: Kim Cloete 15th May 2018 Ramping up production in the automotive sector, resuscitating the ailing tooling industry and boosting the clothing, textiles, leather and footwear industries are among successes the government has listed in its review of ten years of the Industrial Policy Action Plan (Ipap). Despite a... →

Equatorial Guinea may strip Ophir of LNG project due to finance delays

By: Reuters 14th May 2018 Equatorial Guinea will force Ophir Energy out of the company's flagship liquefied natural gas (LNG) project and may scrap it entirely unless long-delayed financing deals worth $1.2-billion are presented to the government by December. The ultimatum is a blow to UK-listed Ophir, which has set aside... →

Wheel of industrial safety has turned too far

By: Terry Mackenzie-hoy 11th May 2018 There is no hotter topic than safety matters on mines and industrial plants. It has become a religion. Like all religions, it causes some unintended problems. When I was young, I worked for a number of years on various mines and industrial plants. (I did this to get money to pay my university... →

Alligin and Vorlich satellite fields development, Europe

By: Sheila Barradas 11th May 2018 BP and Shell plan to tie-back Alligin, a two-well development, to BP's Glen Lyon floating, production, storage an offloading vessel. →

African fuel giant Vivo Energy attains secondary listing on JSE

By: Marleny Arnoldi 10th May 2018 Downstream petroleum company Vivo Energy on Thursday attained a secondary listing on the main board of the JSE. →

Careful process consideration, augmentation delays Elandsfontein phosphate mine

By: Marleny Arnoldi 9th May 2018 Investment company African Rainbow Capital on Wednesday announced delays to its 25%-owned Elandsfontein phosphate mine. →

Total South Africa seeks to grow lubricants, retail fuel businesses

By: Shirley le Guern 9th May 2018 Total South Africa is looking to grow both its lubricants and retail fuel business as well as restart the offshore oil exploration that it put on hold in 2014, CEO Pierre-Yves Sachet said after a visit to its bulk fuel and lubricant plants in Durban. He said that a R70-million investment in its... →

Shell sells out of Canadian Natural position for C$4.3bn

By: Henry Lazenby 8th May 2018 British–Dutch multinational oil and gas company Royal Dutch Shell has agreed to sell its entire stake in Calgary, Alberta-based company Canadian Natural Resources in a deal valued at about C$4.3-billion. Shell has reached agreement with underwriters Goldman Sachs & Co, RBC Capital Markets,... →

Petroleum product suppliers settle information sharing complaint

By: Marleny Arnoldi 4th May 2018 South African petroleum product suppliers have, under a settlement agreement with the Competition Tribunal, agreed to change how they share information. →

Vivo Energy, Vitol's Africa venture, floats with £2bn valuation

By: Reuters 4th May 2018 Vivo Energy launched on the London Stock Exchange on Friday with a valuation of nearly £2-billion ($2.7-billion), the largest London IPO of the year. The initial offer price for the just under 30 percent of the company floated was set at 165p a share and the shares advanced to 169.50p in... →

BP said to tap Morgan Stanley as it weighs buying BHP assets

By: Bloomberg 4th May 2018 BP is weighing an acquisition of some of BHP Billiton’s energy assets as the British oil major seeks more US shale, according to people familiar with the matter. The London-based company is working with Morgan Stanley to advise on the plans, said the people, asking not to be identified as the... →

Fuel cell frenzy as cars, plants deploy platinum to protect environment

By: Martin Creamer 26th April 2018 Hyundai has just launched its new Nexo fuel cell car in South Korea, pre-orders for which exceeded expectations, Honda last month launched the new 2018 Clarity fuel cell car, Doosan Fuel Cell America has cut the ribbon on three 460 kW fuel cells at the Waterbury Pollution Control Authority in... →

Gold Fields lowers South Deep’s FY guidance after below-expectation Q1 performance

By: Marleny Arnoldi 25th April 2018 A below expectation performance at its South Deep mine, in Johannesburg, contributed to a 1% year-on-year and a 10% quarter-on-quarter decrease in Gold Fields’ output for the quarter ended March 31. Production for the quarter was 490 000 oz. →

Africa pursuing diversified energy investments to deliver power

By: Jessica Oosthuizen 20th April 2018 Africa has an abundance of energy resources that can be brought online rapidly and cost effectively, says engineering, procurement and construction services provider Black & Veatch sub-Saharan Africa business development director Webb Meko. With governments realising that no single technology... →

Phoenix Global PEA lifts Idaho-based Empire mine output 16%

By: Henry Lazenby 19th April 2018 A preliminary economic assessment (PE) of LSE-quoted project developer Phoenix Global Mining’s historic Empire mine, in Idaho, has outlined a 16% improved production scenario over previous estimates, taking only the openpit copper oxide resource into consideration. The PEA shows an average copper... →

Another hydrogen boost for platinum fuel cells

By: Simone Liedtke 18th April 2018 The introduction of platinum-using fuel cells has received another boost with the latest success in hydrogen compression announced by Anglo American Platinum (Amplats) on Wednesday. Last week, Amplats revealed plans for a fuel cell dozer, which makes use of hydrogen in liquid, to make a 2019... →

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... →

SA firm’s high-capacity air hoists making inroads into global oil and gas, marine sectors

By: Schalk Burger 13th April 2018 Industrial pneumatic equipment manufacturer ATS 2000 is reporting significant demand for its high-capacity air hoists in the international oil and gas market and for industrial and marine applications, says ATS 2000 MD Glenton Rebello. The company has manufactured four 60 t air hoists at its... →

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... →

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... →

Vivo Energy plans to list on LSE, JSE

By: Simone Liedtke 10th April 2018 Vivo Energy, which is a retailer of Shell-branded fuels and lubricants in Africa, plans to proceed with an initial public offering (IPO) and to apply for admission of its shares to the LSE and the JSE. Admission is expected to occur in May. →

NT resources projects to benefit from govt investment

By: Esmarie Swanepoel 6th April 2018 Major resource projects in the Northern Territory are set to benefit from more investment by the state government. The territory government announced plans to invest an additional A$2.44-million over the next two years, to attract and deliver new projects to boost the region’s economy, and to... →

Gabon to revise hydrocarbons law to attract investment – oil ministry

By: Reuters 23rd March 2018 Gabon plans to revise its hydrocarbons law to attract new investment, the oil ministry said on Thursday. Under the current legal framework, the Gabonese state holds a minimum 20% stake in oil projects. The state oil company has the right to a stake of up to 15%. →

Women at Glencore oil trading unit earn 28% less than men

By: Bloomberg 23rd March 2018 Women working in oil trading at Glencore earn 28% less pay on average than men and receive bonuses that were 57% lower. The income disparity, disclosed by the second-biggest independent oil trader under UK government-mandated pay gap reporting, underscores the lack of women in senior roles at... →

BC govt unveils tax incentives to induce Kitimat LNG development

By: Henry Lazenby 22nd March 2018 The British Columbia minority government on Thursday unveiled several measures to entice natural gas development in Kitimat, where LNG Canada is working towards a development decision on a new C$40-billion terminal that will process and ship liquefied natural gas (LNG) to Asian markets.... →

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