R/€ = 19.2181 Change: 0.0043
R/$ = 17.9670 Change: -0.0011
Au 2321.96 $/oz Change: 0.00
Pt 996.20 $/oz Change: 0.55

Oil and Gas News

Australia's east faces immediate gas shortage amid cold snap, outage

By: Reuters     21st June 2024 Australia's east is facing a gas shortage after a cold snap drove up demand for heating and power while supply dipped due to an extended outage at the region's main gas plant, the energy market operator said. To help boost supply, the market operator has asked gas producers in Queensland state,... 

Canada oil sands group removes online content over federal anti-greenwashing rules

By: Reuters     21st June 2024 he Pathways Alliance, a group of Canada's biggest oil sands producers, has removed all content about environmental goals from its website and social media pages, citing "significant uncertainty" over the federal government's anti-greenwashing legislation. Bill C-59, which only needs royal assent... 

Canada oil sands group removes online content over federal anti-greenwashing rules

Fraud cops investigating ex-Glencore staff plan to press charges

By: Bloomberg     18th June 2024 British prosecutors investigating former Glencore employees over bribery allegations said they plan to bring long-awaited criminal charges. More than 18 months after first revealing that as many as 11 ex-staffers were under investigation, the Serious Fraud Office told a London judge on Monday... 

Fraud cops investigating ex-Glencore staff plan to press charges

Reserve Bank concern about decline of public markets welcome development – Miller  

By: Martin Creamer     12th June 2024 The concern that South Africa’s Reserve Bank expressed last week on the state of this country’s public markets is seen as a welcome development by AmaranthCX director and public market promoter Paul Miller. Everything the Johannesburg Stock Exchange (JSE) has done has not been enough to change... 

AmaranthCX director Paul Miller.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Kinetiko secures A$4.9m

By: Tasneem Bulbulia     12th June 2024 ASX-listed Kinetiko Energy’s renounceable pro-rata entitlement offer to eligible shareholders, announced in May, closed on June 11 and raised about A$4.9-million (before costs), with strong support from major shareholders and directors. The company is developing an energy transition solution for... 

Civil society coalition emphasises need for accountability, transparency, equity to achieve a ‘fair’ just transition

By: Schalk Burger     10th June 2024 A coalition of civil society organisations from Indonesia, Senegal, South Africa and Vietnam on June 10 launched their ‘Principles for a Fair Just Energy Transition Partnership (JETP)’, which emphasises the integral need for accountability, transparency and equity in climate finance.... 

A coal-fired power station

New Zealand to introduce bill to reverse oil and gas exploration ban

By: Reuters     10th June 2024 w Zealand's government said on Sunday it would introduce legislation to remove a controversial ban on offshore petroleum exploration to attract investment to the country's oil and gas sector. The bill would end the ban, in place since 2018, on exploration outside onshore Taranaki, an energy-rich... 

Canada's oil sands CEOs push back against proposed oil and gas emissions cap

By: Reuters     7th June 2024 Canada's biggest oil sands producers support a paying a tax on carbon but see a proposed federal oil and gas emissions cap as unnecessary legislation, the companies' CEOs told lawmakers in Ottawa on Thursday. Executives from Suncor Energy, Imperial Oil, Cenovus Energy, Enbridge and Shell... 

Canada's oil sands CEOs push back against proposed oil and gas emissions cap

Investment in clean energy to reach $2tr this year, outpacing investment in fossil fuels

By: Bloomberg     6th June 2024 Investment in clean energy technologies will climb to $2-trillion this year, almost double the amount spent on fossil fuels, according to the International Energy Agency (IEA). Two-thirds of the record $3-trillion invested in energy sources in 2024 will be devoted to sectors such as renewables,... 

A wind turbine and a fossil fuel-powered plant

Former Anglo exec joins Woodside board

By: Creamer Media Reporter      3rd June 2024 Australian energy major Woodside has appointed Tony O’Neill as a nonexecutive director with effect from June 3. "We continually review our board composition to ensure that Woodside's board is best placed to support Woodside's global operations and strategic growth opportunities,” said... 

Tony O'Neill
Tony O'Neill

OPEC+ extends deep oil production cuts into 2025

By: Reuters     3rd June 2024 OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival US production. Brent crude oil prices have been trading near $80/bl in recent days, below what many OPEC+... 

Nel spin-off company Cavendish Hydrogen applies for listing in Norway

By: Marleny Arnoldi     31st May 2024 Cavendish Hydrogen, which is being spun out of Norwegian fuel cell company Nel’s fuelling division, has applied for its shares to be listed on the Oslo Stock Exchange. The spin-off and listing are still subject to satisfaction of certain conditions, including approval by the stock exchange and... 

Hydrogen symbol

Australian natural gas industry seeks policy repairs to boost investment

By: Reuters     24th May 2024 Australia's natural gas industry executives are seeking more measures to restore an investment environment they say has been damaged by a series of state interventions to boost domestic supply and curb soaring energy prices. While most executives at the Australian Energy Producers Conference in... 

Latest cadastre agreement excites South Africa’s Junior Indaba panel  

By: Martin Creamer     21st May 2024 There were expressions of excitement at the South Africa’s Junior Indaba on Tuesday when attendees at the important mining event learnt of the signing of the service-level agreement (SLA) for South Africa's long-awaited mining cadastral system, a key tool for orderly mineral exploration... 

Opening Junior Indaba panel (from left) Lili Nupen, Tseliso Maqubela, Errol Smart, Mosa Mabuza, Bernard Swanepoel.
Junior Indaba covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Energy’s conflict-fuelled swings aren’t over, Woodside CEO says

By: Bloomberg     21st May 2024 Energy markets will continue to be impacted by the Russian invasion of Ukraine and the Israel-Hamas conflict, according to Woodside Energy Group, Australia’s largest oil and gas producer “The fallout has been massive, and the volatility is not over,” CEO Meg O’Neill said in a text of a speech to... 

Energy’s conflict-fuelled swings aren’t over, Woodside CEO says

Australia gas producers endorse govt strategy, warn of shortages this decade

By: Reuters     20th May 2024 Australia's energy producers endorsed a government strategy to boost natural gas development, but warned the country still faces new gas supply shortfalls this decade while markets remain volatile due to global conflicts. Meg O'Neill, chair of the Australian Energy Producers, said the group... 

Strong support for QPM’s A$19m placement

By: Creamer Media Reporter      16th May 2024 ASX-listed Queensland Pacific Metals (QPM) has successfully completed a A$0.38-a-share placement raising A$19.1-million to drive growth initiatives. The placement, QPM said on Thursday, was oversubscribed and strongly supported by new institutional and sophisticated investors.  

Wildfire has moved closer to Canadian oil city, says local authority

By: Reuters     15th May 2024 A large wildfire threatening the major Canadian oil sands city of Fort McMurray moved closer overnight and weather conditions were unfavorable, the local authority said on Wednesday. The fire was just 5.5 km away from the city's landfill, compared with 7.5 km late on Tuesday, the Regional... 

Wildfire has moved closer to Canadian oil city, says local authority

Santos to sack 200 employees as project approvals slow

By: Reuters     15th May 2024 Santos, Australia's No. 2 independent gas producer, on Wednesday said it will remove around 200 roles in Western Australia, Northern Territory, and Timor-Leste unit due to sluggish project approvals and delayed growth activities. Santos conducted a review of certain business units over the... 

Santos to sack 200 employees as project approvals slow

Kinetiko thrilled with successful onshore gas-to-power demonstration in South Africa

By: Creamer Media Reporter      14th May 2024 ASX-listed Kinetiko Energy has successfully demonstrated that it can produce gas-to-power (GtP) from an onshore natural gas resource at its Amersfoort project, in Mpumalanga, South Africa. The company is focused on developing an energy transition solution for South Africa focused on... 

Well testing ahead of gas flow to the generator

Green energy presenting South Africa with massive reindustrialisation chance – Nedbank  

By: Martin Creamer     13th May 2024 Green electrons and green molecules are presenting South Africa with a massive opportunity to reindustrialise, Nedbank CIB head of infrastructure, energy and telecommunications Mike Peo told the Green Hydrogen Roundtable on Monday. “We have an opportunity for South Africa to completely... 

From left, CHIETA CEO Yersen Pillay, Higher Education and Training Department DDG Zukile Mvalo, and Nedbank CIB Head of Infrastructure, Energy and Telecommunications Mike Peo.
Green Hydrogen Roundtable covered by Mining Weekly's Martin Creamer. Video: Creamer Media's Shadwyn Dickinson.

Australia backs long-term gas exploration despite 2050 climate goals

By: Reuters     9th May 2024 Australia's resources minister said on Thursday she backs the long-term exploration of potential natural gas projects, setting up a potential clash with opposition lawmakers and some in the incumbent Labor Party that oppose its use. Australia, one of the world's largest producers of liquefied... 

Australia backs long-term gas exploration despite 2050 climate goals

Big Oil finds more to love in deepwater exploration fields

By: Reuters     6th May 2024 As Big Oil returns this week to the industry's annual showcase for offshore energy projects and equipment in Houston, deepwater discoveries off Guyana, Namibia and the US Gulf Coast will take the spotlight. Offshore exploration had dimmed after the US shale boom ushered in new and cheaper-to-tap... 

Renergen successfully producing liquid helium at Virginia project

By: Simone Liedtke     6th May 2024 ASX- and JSE-listed gas producer Renergen is now able to liquify helium in batches from its wells at the Virginia gas project, in South Africa’s Free State province. Since April 2, the original-equipment manufacturer (OEM) that supplied the equipment had brought the helium cold box to the... 

Canadian Natural Resources considering major expansion of Horizon oil sands mine

By: Reuters     3rd May 2024 Canada's largest oil and gas producer Canadian Natural Resources is looking at opportunities to significantly increase bitumen output at its main oil sands mine, the company said on Thursday. President Scott Stauth said the company is considering a 195 000 barrel-per-day (bpd) expansion at its... 

Glencore’s Rustenburg ferrochrome smelter remains idled 

By: Martin Creamer     30th April 2024 Pending an improved price and cost environment, Glencore said in its first-quarter 2024 production report on Tuesday that its Rustenburg ferrochrome smelter in South Africa’s North West province would remain idled. The London- and Johannesburg-listed diversified mining and marketing company... 

Glencore CEO Gary Nagle
Glencore CEO Gary Nagle

Woodside investors vote down climate plan, rebuking Australia's top gas producer

By: Reuters     24th April 2024 Shareholders rejected Woodside Energy's climate plan on Wednesday, marking a symbolic victory for activists who have called for Australia's biggest gas producer to stop new fossil fuel projects, but its chairman survived a push to oust him. Following a lengthy campaign by activists, 58% of the... 

Woodside investors vote down climate plan, rebuking Australia's top gas producer

Invictus partners with Zim-focused gold miner to investigate gas supply to Eureka mine

By: Marleny Arnoldi     23rd April 2024 ASX-listed Invictus Energy has signed a memorandum of understanding (MoU) that could lead to a maiden gas offtake agreement with Dallaglio Investments, involving the supply of gas to the Eureka gold mine, in Zimbabwe. Invictus will supply natural gas from the Cabora Bassa project, in Zimbabwe,... 

Gas tanks

New green hydrogen trading base uplifting platinum group metals demand outlook 

By: Martin Creamer     23rd April 2024 The green hydrogen sector now has a digital platform on which users can buy and sell green hydrogen by the click of a button, it was announced on Tuesday.  Euronext-listed Lhyfe, the French group devoted to energy transition, has begun taking of orders for green hydrogen in Europe and... 

Lhyfe Founder and CEO Matthieu Guesné.
Lhyfe Founder and CEO Matthieu Guesné on video.

Australian pension major votes against Woodside chair, climate plan ahead of AGM

By: Reuters     22nd April 2024 Australia's third-largest pension fund has voted against the re-election of Woodside Energy chair Richard Goyder and the firm's climate action plan in a rebuke to the company's campaign to win shareholder support for its emissions plan. Aware Super, which manages A$170-billion, said in a... 

Australian pension major votes against Woodside chair, climate plan ahead of AGM

QPM shifts focus to gas and energy, curtails TECH spending

By: Creamer Media Reporter      22nd April 2024 Mining and energy group Queensland Pacific Metals (QPM) has unveiled a strategic overhaul aimed at accelerating growth and advancement of its gas and energy assets. The ASX-listed company has chosen to priorities the expansion and enrichment of its Moranbah gas project, in the Bowen Basin. 

QPM shifts focus to gas and energy, curtails TECH spending

G7 still looking at frozen Russian assets to help Ukraine, foreign ministers say

By: Reuters     19th April 2024 The Group of Seven (G7) major powers are continuing to look at ways to use frozen Russian sovereign assets to help fund support for Ukraine, G7 foreign ministers said on Friday. "As requested by Leaders, we will continue our work and update ahead of the (G7) Apulia Summit (in June) on all... 

Kyiv, Ukraine

Santos posts fall in quarterly revenue on lower production, volumes

By: Reuters     18th April 2024 Australian oil and gas producer Santos said on Thursday its first-quarter revenue fell about 14%, hurt by lower production across its product portfolio and a decline in volumes in recent months. Severe weather events and planned maintenance activities hurt production, while sales revenue was hit... 

Santos posts fall in quarterly revenue on lower production, volumes

Minerals Council South Africa setting out to boost local demand for green hydrogen 

By: Martin Creamer     17th April 2024 Minerals Council South Africa is focused on increasing the domestic demand for green hydrogen, which it sees as contributing to the kickstarting of the hydrogen economy in South Africa. “The applications that we’re looking at are stationary as well as mobility applications of using hydrogen... 

From left, Dr Rebecca Maserumule, Sietse van der Woude, Zanele Mavusa Mbatha
From left, Dr Rebecca Maserumule, Sietse van der Woude, Zanele Mavusa Mbatha.

Canada unions brace for 2025 labour crunch in oil sands maintenance season

By: Reuters     17th April 2024 Annual maintenance on Canada's oil sands plants is forecast to cause no more disruption than usual this year, but trade union officials are warning of a labour crunch during Alberta's 2025 turnaround season as construction takes off on two new industrial projects. Every year producers in Alberta... 

Woodside under climate pressure from Australia's pension body

By: Bloomberg     12th April 2024 Some of Australia’s top pension funds have been advised to oppose Woodside Energy Group’s climate strategy, potentially adding pressure on the energy producer over its approach to emissions. The Australian Council of Superannuation Investors, a group which represents funds holding about... 

Woodside under climate pressure from Australia's pension body

South Africa well placed to benefit from huge green hydrogen outlook, attendees hear  

By: Martin Creamer     11th April 2024 Green hydrogen has a massive potential future and South Africa is very well positioned to produce it, attendees of the Hydrogen Economy Discussion heard on Thursday. Most of the 90-million tonnes of hydrogen produced currently through the likes of South Africa’s Sasol and others is grey. 

Ministerial Advisor and Presidency Green Hydrogen Lead Masopha Moshoeshoe.
Hydrogen Economy Discussion covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Santos shareholders re-elect Keith Spence as chair

By: Reuters     11th April 2024 Australia's Santos re-elected Keith Spence as its chair after a majority of shareholders voted in his favour despite unrest over the oil company's inadequate response to climate woes, results of the annual general meeting showed on Thursday. Nearly 94% of shareholders voted for a resolution to... 

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