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Oil and Gas News

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

By: Bloomberg     Updated 1 hour 19 minutes ago 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... 

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

Australia fossil fuels should face new climate levy, experts say

By: Bloomberg     14th February 2024 Producers and consumers of fossil fuels in Australia, one of the world’s coal and gas powerhouses, should pay a new climate levy under efforts to accelerate a transition to a greener economy, according to two former government advisers. The charge would impact more than 100 businesses and be... 

Australia fossil fuels should face new climate levy, experts say

Power aggregators seen as key accelerators of South African mining’s energy transition  

By: Martin Creamer     13th February 2024 Many energy projects selling to one buyer, who in turn sells to many mines – this procurement model is seen as a key financial tool to accelerate the energy transition of South Africa’s mining industry. “We think the aggregator model can really accelerate the requirements of the mines to get... 

Nedbank CIB) Energy Finance Co-Head Amith Singh.
Nedbank CIB Energy Finance Co-Head Amith Singh interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Strike Energy plunges as much as 31% due to problems at gas well

By: Bloomberg     13th February 2024 Australian oil and gas producer Strike Energy lost almost a third of its value at one point on Tuesday as the company’s shares plunged due to problems at a key gas well. The South Erregulla-3 well unexpectedly failed to flow and was observed to be substantially overbalanced, Strike said in an... 

Alberta’s Premier Smith sees US LNG export pause as opportunity

By: Reuters     9th February 2024 President Joe Biden’s decision to pause approval of new liquefied natural gas export licences is an opportunity for Canada as the country prepares to start exporting the fuel, Alberta’s Premier said. “I note, with interest, that the Americans may be pausing on their LNG export,” Danielle Smith,... 

Woodside, Santos scrap talks on A$80bn merger

By: Reuters     7th February 2024 Australia's Woodside Energy and Santos said on Wednesday they had ended talks to create a possible A$80-billionglobal oil and gas giant, and Santos flagged it would look for other ways to bolster its value. Woodside, which is more than twice as large as Santos by revenue and market... 

Woodside, Santos scrap talks on A$80bn merger

South Africa’s mining industry now 39% black-owned, Mining Indaba hears 

By: Martin Creamer     5th February 2024 In 2004, the year South Africa’s far-reaching Mining Charter was first introduced, black ownership in South Africa’s globally recognised mining industry stood at a negligible 2%. This has now leapt nearly 20 times higher to approximately 39%, South Africa President Cyril Ramaphosa highlighted in... 

President Cyril Ramaphosa at the Mining Indaba.
President Cyril Ramaphosa at the Mining Indaba.

Shell new country chair reaffirms commitment to mining 

5th February 2024 Mining Weekly talks to newly appointed Shell Downstream South Africa country chair for South Africa Aluwani Museisi on the first day of the Investing in African Mining Indaba. Museisi succeeds Hloniphizwe Mtolo, who served Shell South Africa over the last nine years. 

Shell new country chair reaffirms commitment to mining

Shell committed to support sustainable mining 

By: Tracy Hancock     5th February 2024 Oil and gas company Shell is showcasing and recommitting its support to sustainable mining through its products and solutions that help customers achieve their performance and profitability objectives with minimal impact on the environment, says Shell service manager Mpho Mokwena in a video... 

Shell committed to support sustainable mining

Biden’s natural gas export project freeze is a 'mistake', Exxon CFO says

By: Mariaan Webb     5th February 2024 The Biden administration’s decision to halt new natural gas-export licences is a “mistake” that will slow efforts to reduce climate-damaging emissions, according to Exxon Mobil. “Reducing production of LNG actually harms the world achieving net zero sooner rather than later,” CFO Kathy Mikells... 

Santos and Barossa JV partners invest in Aboriginal communities

By: Creamer Media Reporter      1st February 2024 Oil and gas major Santos and its joint venture (JV) partners in the Barossa gas project on Thursday announced they would invest up to A$10-million in Northern Territory coastal Aboriginal communities and homelands as the development phase of the project progresses. Investments would be aimed at... 

Global mining commits to nature-positive future 

By: Martin Creamer     18th January 2024 Global mining and metals companies have committed at Davos to take urgent action to support a nature-positive future by 2030 that promotes the health, diversity and resilience of species, ecosystems and natural processes. International Council of Metals and Minerals (ICMM) members have pledged... 

ICMM CEO Rohitesh Dhawan
ICMM CEO Rohitesh Dhawan

Busy week for DMRE as it hosts IPP bidders conferences and IRP workshop  

By: Terence Creamer     15th January 2024 The Department of Mineral Resources and Energy (DMRE) and the Independent Power Producer Office (IPPO) have a busy week ahead, with three virtual bidders conferences to be hosted over Wednesday and Thursday, and with the department also schedule to host a public workshop on the draft 2023 edition... 

Busy week for DMRE as it hosts IPP bidders conferences and IRP workshop

Norway Parliament votes in favour of seabed mining, as expected

By: Reuters     10th January 2024 Norway's Parliament on Tuesday voted in favour of allowing Arctic seabed mineral exploration, in line with a deal reached between the government and key opposition parties last month, overcoming objections from environmental campaigners. The decision comes as Norway hopes to become the first... 

Norway Parliament votes in favour of seabed mining, as expected

Russian billionaire Abramovich loses legal challenge against EU sanctions

By: Reuters     20th December 2023 Russian billionaire Roman Abramovich on Wednesday lost a legal challenge to overturn sanctions imposed on him by the European Union in the wake of Russia's invasion of Ukraine, after an EU court upheld the restrictions. After President Vladimir Putin ordered Russian troops into Ukraine in... 

Santos, Toho Gas to collaborate on producing carbon-neutral e-methane in the Cooper Basin

By: Creamer Media Reporter      19th December 2023 Australian oil and gas exploration and production company Santos has signed an agreement with Japanese gas utility company Toho Gas to investigate the potential for producing carbon-neutral e-methane in South Australia’s Cooper Basin. The collaboration supports Santos Energy Solutions' low-carbon... 

Woodside signs MoU with Japanese firms to collaborate on carbon capture studies

By: Creamer Media Reporter      19th December 2023 Australia-headquartered Woodside Energy has signed a nonbinding memorandum of understanding (MoU) with four Japanese companies to enable studies of a potential carbon capture and storage (CCS) value chain between Japan and Australia. Under the terms of the MoU, Woodside with Sumitomo Corporation,... 

An office with Woodside's logo

EU adopts 12th package of sanctions against Russia

By: Reuters     18th December 2023 The European Union (EU) Council has adopted a twelfth package of sanctions against Russia, the European Commission said in a statement on Monday, after Austria gave its final approval over the weekend. The package focuses on a Russian-origin diamond import ban as well as imposing additional... 

US frackers are back to haunt Opec’s price strategy

By: Bloomberg     17th December 2023 Opec’s one-time nemesis — US shale — is rearing its head just months after the sector was all but written off as a threat to the cartel’s sway over worldwide oil markets. Drillers from the Permian Basin in West Texas to the Bakken Shale of North Dakota have ramped up oil production well beyond... 

Shale gas production

COP28 ends with deal on transition away from fossil fuels

By: Bloomberg     13th December 2023 The COP28 climate talks in Dubai ended in a deal that saw a commitment to transition away from all fossil fuels for the first time. The president of this year’s UN-sponsored summit, the UAE’s Sultan Al Jaber, brokered an agreement that was strong enough for the US and European Union on the need... 

COP28 president Dr Sultan Al Jaber
COP28 president Dr Sultan Al Jaber

Woodside and Santos in talks to form $5bn Australian oil giant

By: Reuters     7th December 2023 Australia's Woodside Energy and Santos said on Thursday they were in preliminary talks to create an A$80-billion global oil and gas giant, as consolidation among international energy firms intensifies. Combining two of Australia's largest oil and gas producers would be the largest corporate deal... 

Woodside and Santos in talks to form $5bn Australian oil giant

Woodside and Mexico Pacific sign LNG supply deal

By: Creamer Media Reporter      6th December 2023 Australia’s Woodside has signed a sales and purchase agreement with Mexico Pacific to purchase 1.3-million tonnes a year, equivalent to about 18 cargoes a year, of liquefied natural gas (LNG) for 20 years. The agreement, Woodside says, is consistent with its strategic objective of building... 

TotalEnergies takes steps to broaden methane emission reductions in the oil, gas sector

By: Tasneem Bulbulia     5th December 2023 TotalEnergies has announced the signing of three cooperation agreements with national oil and gas companies – Petrobras in Brazil, SOCAR in Azerbaijan and Sonangol in Angola – to carry out methane detection and measurement campaigns using the Airborne Ultralight Spectrometer for Environmental... 

An image showing the TotalEnergies logo
Photo by Reuters
TotalEnergies has announced the signing of three cooperation agreements with national oil and gas companies to carry out methane detection and measurement campaigns

African Rainbow Minerals provides R20-million for Wits University research 

By: Martin Creamer     23rd November 2023 Diversified mining company African Rainbow Minerals (ARM) is supporting postdoctoral research into water, energy and digitalisation at the University of the Witwatersrand (Wits) in Johannesburg. The investment is firmly located within the university’s mining precinct and dovetails with the... 

ARM founder and executive chairperson Dr Patrice Motsepe and Wits ARM Building.
ARM founder and executive chairperson Dr Patrice Motsepe and Wits ARM Building.

Brookfield submits new $10.6bn proposal for Origin Energy

By: Reuters     23rd November 2023 Origin Energy, Australia's biggest energy retailer, said on Thursday it had received a revised $10.6-billion takeover bid from a Brookfield-led consortium that would allow institutional investors to remain invested in parts of the company. A meeting in Sydney to vote on the original bid on... 

Brookfield's consortium partner EIG Partners would take on Origin's integrated gas business, which includes the 27.5% stake in Australia Pacific LNG (pictured).
Brookfield's consortium partner EIG Partners would take on Origin's integrated gas business, which includes the 27.5% stake in Australia Pacific LNG (pictured).

There are already more clean-energy than fossil-fuel jobs and gap is set to widen 

By: Terence Creamer     15th November 2023 More people work in the energy sector today than in 2019, almost exclusively because of the growth in clean-energy sectors, which have employed more workers than fossil fuels since 2021, a new International Energy Agency (IEA) study shows. The ‘World Energy Employment 2023’ report states that... 

Rooftop and small-scale installations account for about two-thirds of the four-million jobs in the PV sector
Rooftop and small-scale installations account for about two-thirds of the four-million jobs in the PV sector

Renewables now critical part of metal mining thinking, says Sibanye-Stillwater 

By: Martin Creamer     14th November 2023 Renewables have become a critical part of metal mining thinking, the Sibanye-Stillwater Battery Metals Investor Day 2023 audience heard on Tuesday. “If you look at electricity, renewables are expected to account for between 80% and 90% of global power generation. So, renewables have become a very... 

Sibanye-Stillwater CEO Neal Froneman.
Sibanye-Stillwater Battery Metals Investor Day covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Bill outlines broad ‘energy value chain’ mandate for State petroleum company  

By: Terence Creamer     14th November 2023 Mineral Resources and Energy Minister Gwede Mantashe has released a draft Bill for public comment outlining the establishment of the South African National Petroleum Company (SANPC), which the proposed legislation defines as the “State’s energy champion and facilitator of energy infrastructure... 

Mineral Resources and Energy Minister Gwede Mantashe
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

Europe warns methane polluters as bloc pushes to slash emissions

By: Bloomberg     14th November 2023 The European Union (EU)  aims to slash methane emissions by clinching a deal that could have global ramifications if major energy importers are targeted over leaks of one of the most potent greenhouse gases. Negotiators from parliament and member states will enter what is likely to be the final... 

Anglo American's Moranbah coal mine and power plant

Tullow signs $400m debt facility deal with Glencore

By: Reuters     13th November 2023 Tullow Oil said on Monday it had entered into a $400 million five-year debt facility deal with Glencore, which would help manage its senior notes maturing through 2026. The facility, with Glencore Energy UK, will be available to draw for 18 months and allow Tullow to address all its outstanding... 

Oil, gas development activism lambasted

By: Nadine Ramdass     10th November 2023 Lengthy and costly litigation is stymying significant progress in exploration and development of oil and gas deposits in South Africa, according to Mineral Resources and Energy Minister Gwede Mantashe who spoke at the third yearly Southern Africa Oil and Gas Conference, held at the Cape Town... 

An image of Mineral Resources and Energy Minister Gwede Mantashe
Photo by Donna Slater
GWEDE MANTASHE The SADC region was endowed with vast oil and gas deposits

Sustainable gas development needed for South Africa

By: Nadine Ramdass     10th November 2023 Accelerated exploration in the oil and gas sector is critical for South Africa to boost economic development, help meet climate change targets by offering less carbon-intensive fossil fuels, and ensure energy security, says Mineral Resources and Energy Deputy Minister Dr Nobuhle Nkabane. At the... 

An image of Mineral Resources and Energy Deputy Minister Dr Nobuhle Nkabane.
NOBUHLE NKABANE Responsible development of oil and gas resources is crucial to improve energy access in sub-Saharan Africa

Health, safety measures boost productivity

By: Nadine Ramdass     10th November 2023 In the oil and gas sector, prioritising the health and safety of workers is crucial, particularly considering that operating in onshore and offshore environments presents unique health challenges that need to be addressed effectively. Experienced workers being affected by various health... 

An image of workers on site at an oil rig
RISKY MEASURES Onshore and offshore environments presents unique health challenges

Solar power generation poised to save Harmony Gold R3.6bn 

By: Martin Creamer     7th November 2023 Gold-mining company Harmony estimates that it will achieve total cumulative net present value savings of R3.6-billion from its three solar power projects, one of them already generating 30 MW of clean, green energy. To reduce its carbon footprint, the JSE-listed Harmony, headed by CEO Peter... 

Harmony's Great Noligwa gold mine.
Harmony's Great Noligwa gold mine.
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