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Oil and Gas News

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... 

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... 

Platinum-linked green hydrogen set to be world’s ‘new oil’, Forbes article highlights  

By: Martin Creamer     10th April 2024 There's no climate solution without hydrogen. It’s the missing piece of the clean energy puzzle, says a global CEO-led initiative that brings together leading companies with a united vision. This initiative has ballooned to 150 multinationals companies from its modest 13-leader 2017 launch at the... 

Hydrogen economy, platinum group metals go together.
Photo by Inforgraphic: Heraeus Precious Metals
Hydrogen economy, platinum group metals go together.

Proxy advisor CGI Glass Lewis recommends Woodside Energy chairman's ouster

By: Reuters     5th April 2024 Proxy advisor CGI Glass Lewis has asked shareholders of Australia's Woodside Energy to vote against the re-election of chairman Richard Goyder and against the company's climate strategy at the annual general meeting later this month. Glass Lewis noted that activist investor Australasian Centre... 

Role of gas in SA’s future energy mix under intense scrutiny

By: Darren Parker     5th April 2024 Given South Africa’s ongoing energy crisis, there remains much debate around whether gas should be included in the future energy mix and, if so, how much. Advocates argue that the fossil fuel is a necessity and a step up from coal – since it produces fewer carbon emissions when burned – but many... 

gas pipes leading to gas terminal
GAS CLIFF Until local gas resources come on stream, an impending gas shortage undermines South Africa’s near-term future dependence on it

Senegal's new president announces oil, gas and mining sector audit

By: Reuters     4th April 2024 Senegal will conduct an audit of the oil, gas and mining sectors, newly elected President Bassirou Diomaye Faye told the nation in a televised speech on Wednesday, while also reassuring investors they were welcome in the country. Faye defeated the ruling coalition's candidate in a March election... 

Senegal's newly elected President Bassirou Diomaye Faye
Photo by Reuters
Senegal's newly elected President Bassirou Diomaye Faye

Sasol streamlines its executive committee’s portfolios

By: Schalk Burger     3rd April 2024 JSE-listed energy and chemicals company Sasol has streamlined the portfolios of the members of its group executive committee, with effect from April 1. This involves changes to important functions and executive responsibilities of the directors. As previously announced, Simon Baloyi has succeeded... 

Sasol president and CEO Simon Baloyi
Sasol president and CEO Simon Baloyi

Enviro groups approach High Court over TotalEnergies Cape coast drilling plans

By: Marleny Arnoldi     26th March 2024 Environmental organisations The Green Connection (TGC) and Natural Justice have submitted an application in the High Court against the environmental authorisation granted to TotalEnergies Exploration and Production South Africa (Teepsa) for exploratory drilling in Blocks 5, 6 and 7 on the Cape... 

Oil and gas rig

Kinetiko’s deepest core hole to date reveals promising results

By: Darren Parker     26th March 2024 ASX-listed Kinetiko Energy, which is conducting onshore gas exploration in Mpumalanga, South Africa, has completed its deepest core hole to date. “Following our previous announcement indicating further exploration success in Block ER270 . . . 270-08C reached a terminal depth (TD) of 745 m when we... 

Woodside completes sale of 10% Scarborough interest

By: Creamer Media Reporter      26th March 2024 Oil and gas major Woodside Energy has completed the sale of a 10% nonoperating participating interest in the Scarborough joint venture (JV) to LJ Scarborough (LNG Japan). The company in August established a strategic relationship with LNG Japan that involved three elements: equity in the... 

Woodside completes sale of 10% Scarborough interest

Gas industry undergoes shift amid depleting supply

By: Nadine Ramdass     22nd March 2024 The South African gas industry is experiencing pressure as gas supply from energy company Sasol’s Pande and Temane gas fields, in Mozambique, is expected to decline from 2026, while liquified natural gas (LNG) might be too expensive for the local market given international pricing and demand,... 

An image of the Rompco pipeline facilities
CHANGING LANDSCAPE Liquid natural gas imports through Matola in Mozambique and connecting to the ROMPCO pipeline remains the most viable option to replace current gas supplies in mid-2026

Zimbabwean gas project spurs regional interest

By: Nadine Ramdass     22nd March 2024 Following the discovery of the Mukuyu gas field in the Cabora Bassa basin, in northern Zimbabwe, oil and gas explorer Invictus Energy is confident further discoveries will be made in the basin. The company aims to tap into the growing demand for energy in Zimbabwe and neighbouring countries, and... 

An image of the Mukuyu well site
PROJECT GASSED UP Invictus Energy has made two discoveries of gas in the Cabora Bassa basin of Zimbabwe

Energy investor Reatile gears up for LNG importation as gas shortage looms

By: Marleny Arnoldi     15th March 2024 In light of the looming natural gas supply constraints from mid-2026, investment company Reatile Group is actively engaging Sasol on mitigating the gap between 2026 and the eventual arrival of liquid natural gas (LNG) from Reatile’s indirectly-owned import facility. Reatile, through a 30% stake... 

LNG infrastructure

Energy industry’s methane emissions near record despite pledges

By: Bloomberg     13th March 2024 Global methane emissions from fossil fuels held near a record high last year, the International Energy Agency (IEA) said in its annual 'Methane Tracker' report, renewing concerns that governments and industry aren’t doing enough to stem releases of the devastating greenhouse gas. While the... 

Methane emissions in the oil and gas industry

China’s commodities imports surge but demand may yet disappoint

By: Bloomberg     7th March 2024 China’s raw materials purchases surged in the first two months of the year, as importers took advantage of weaker prices for some commodities and prepared for more stimulus from Beijing to lift demand. Imports of most industrial commodities handily beat their levels of a year ago, when the... 

China’s commodities imports surge but demand may yet disappoint

Disappointing results from world’s top miners highlight market challenges, Tickmill says

By: Darren Parker     26th February 2024 The underwhelming results from two of the largest global multinational mining and commodity companies Anglo American and Glencore, which both released their 2023 financial and preliminary results last week, underscore the formidable challenges facing the commodity mining industry, trading company... 

screens showing commodity stock exchanges

Woodside to sell $1.4bn stake in key gas project to Jera

By: Bloomberg     23rd February 2024 Woodside Energy Group to a $1.4-billion deal to sell a 15.1% stake in its flagship Scarborough liquefied natural gas project to Jera Co., Japan’s biggest power producer, as consumers aim to secure long-term supply. The accord includes a $740-million purchase price and reimbursement for... 

Woodside to sell $1.4bn stake in key gas project to Jera

Renergen resumes LNG deliveries

By: Simone Liedtke     15th February 2024 Liquefied natural gas (LNG) deliveries from the Virginia project, in the Free State, have restarted following a planned maintenance outage, gas producer Renergen confirmed on February 15. The delays suffered during the planned maintenance outage were primarily owing to the scheduled maintenance... 

Renergen's Virginia gas project
Renergen's Virginia gas project

Woodside flags $1.2bn charge against asset bought under BHP merger

By: Reuters     15th February 2024 Woodside Energy, Australia's largest energy firm, flagged a non-cash post tax-asset impairment of around $1.2-billion from its Shenzi oil and gas field in its 2023 fiscal earnings, sending its shares down to close at a two-month low on Thursday. Woodside had acquired the Shenzi deepwater oil and... 

Woodside flags $1.2bn charge against asset bought under BHP merger

Hydrogen cars come into sharp new focus as global climate politics takes turn for better 

By: Martin Creamer     14th February 2024 For the first time, luxury vehicle manufacturer BMW has a fleet of hydrogen-fuelled cars on South Africa’s roads, supported by a green hydrogen refuelling infrastructure set up at its Midrand campus in Johannesburg. The outcome of BMW, Anglo American Platinum (Amplats) and Sasol finding common... 

The BMW iX5 Hydrogen passenger car being refuelled with green hydrogen.
BMW, Anglo American Platinum, Sasol talk to Mining Weekly’s Martin Creamer on the new BMW iX5 Hydrogen taking to South Africa’s streets. Video: Darlene Creamer.

Risk of stranded LNG assets is 'real', Canada’s Wilkinson says

By: Bloomberg     14th February 2024 The US decision to pause approvals of new licenses to export liquefied natural gas is welcome, and there are “real” risks that some infrastructure will end up stranded, Canada’s Energy Minister said. The Administration of US President Joe Biden is “doing the right thing” and is following on the... 

Energy Minister Jonathan Wilkinson
Energy Minister Jonathan Wilkinson
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