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Oil & Gas

Suncor Energy beats Q3 profit estimates on higher production, raises dividend
13th November 2024 By: Reuters

Canada's Suncor Energy raised its quarterly dividend on Tuesday after the integrated oil and gas firm beat estimates for third-quarter profit, as it benefited from higher oil production and demand... 


COP29 is being held in Azerbaijan this month
Global CO2 emissions to hit record high in 2024, report says
13th November 2024 By: Reuters

Global carbon dioxide emissions, including those from burning fossil fuels, are set to hit a record high this year, pulling the world further off course from averting more destructive climate... 


US sets stage for second oil and gas auction in Alaska refuge
US sets stage for second oil and gas auction in Alaska refuge
7th November 2024 By: Reuters

The Biden administration took a key step toward holding a required sale of oil and gas leases in an Alaska wildlife refuge with the publication of a final environmental review, the Interior... 


Commodity prices fall after Donald Trump elected US President
6th November 2024 By: Reuters

Commodities from oil and gas to metals and grains dropped on Wednesday as the dollar rallied and victory for Republican Donald Trump in the US presidential election stoked concerns about tariffs... 


Republican Presidential nominee and former US President Donald Trump takes the stage with his wife Melania, his son Eric, and his daughter-in-law Lara, following early results from the 2024 US Presidential election in Palm Beach County Convention Center, in West Palm Beach, Florida.
Commodities under pressure on likely Trump win in US Presidential race
6th November 2024 By: Reuters

Commodities from oil to metals and grains slid on Wednesday as the dollar strengthened, with investors increasingly pricing in that Donald Trump will win the US Presidential election. Trump has... 


underground mining machines
Minerals Council notes easing of mining input cost increases in September
5th November 2024 By: Darren Parker

The Minerals Council South Africa’s index for mining input costs showed continued easing in September, with a year-on-year increase of 3.6%, down from 5.2% in August. This downward trend is... 


Canada proposes sharp cut in oil and gas sector emissions by 2030
5th November 2024 By: Reuters

The Canadian government on Monday released draft regulations that would cap emissions of greenhouse gases from the oil and gas sector by 35% from 2019 levels, slightly less than initially... 


pouring asphalt
AECI to sell Much Asphalt for R1.1bn
4th November 2024 By: Darren Parker

JSE-listed AECI has announced the signing of a share purchase agreement with a consortium involving Old Mutual Private Equity (OMPE) and Sphere Investments to sell its entire ownership stake in... 


Canada to unveil long-awaited plan for emissions cap on oil and gas sector
Canada to unveil long-awaited plan for emissions cap on oil and gas sector
4th November 2024 By: Reuters

Canada will on Monday unveil the details of its long-awaited plan to cap emissions of greenhouse gases from the oil and gas sector, an idea that the energy industry and some provinces strongly... 


Rinehart's Hancock buys gas assets from MinRes for A$1bn
Rinehart's Hancock buys gas assets from MinRes for A$1bn
31st October 2024 By: Mariaan Webb

ASX-listed Mineral Resources (MinRes) on Thursday announced a A$1.1-billion agreement with Hancock Prospecting concerning its oil and gas exploration assets. The binding sale-and-purchase... 


Major LNG producer challenged on clean claims in landmark case
Major LNG producer challenged on clean claims in landmark case
29th October 2024 By: Bloomberg

One of the world’s first legal challenges over corporate greenwashing kicked off in an Australian court, with an activist shareholder group claiming natural gas producer Santos Ltd. misled... 


Strong call for FCEVs to be advanced as an immediate-term necessity.
Platinum association highlights advantages of quicker fuel cell electric vehicle deployment
28th October 2024 By: Martin Creamer

The International Platinum Group Metals Association (IPA) is calling on policymakers to urgently drive forward the deployment of fuel cell electric vehicles (FCEVs), alongside battery electric... 


Elliott sees more upside at Suncor, almost doubles stake to nearly $3bn
Elliott sees more upside at Suncor, almost doubles stake to nearly $3bn
23rd October 2024 By: Reuters

Two years after first pressing for changes at Canada's Suncor Energy, Elliott Investment Management is so convinced that ongoing improvements will yield a higher share price that it has nearly... 


Sasol logo
Sasol's performance lags in Q1 owing to chemical market, coal quality issues
22nd October 2024 By: Marleny Arnoldi

JSE-listed petrochemicals group Sasol has reported a mixed production and sales performance for the three months ended September 30, with the company having been impacted on by the stronger rand,... 


A Sasol sign at its Secunda operations
Sasol’s gas supply and volatile oil raise sustainability risks
18th October 2024 By: Bloomberg

Sasol’s declining gas reserves and its susceptibility to volatile oil prices is drawing scrutiny over the sustainability of the business and its plans to reduce emissions. The South African fuel... 


Santos forecasts 2024 output at top end of forecast, Pikka first oil production may start early
Santos forecasts 2024 output at top end of forecast, Pikka first oil production may start early
17th October 2024 By: Reuters

Australia's second-largest oil and gas producer Santos estimated its full-year production to be at the top half of its forecast range on Thursday, and said its Pikka project could start oil... 


Woodside to delist from London exchange
Woodside to delist from London exchange
16th October 2024 By: Creamer Media Reporter

Australian oil and gas major Woodside has announced its decision to delist from the LSE, attributing the move to low trading volumes and a goal to lower administrative costs. The company has... 


 Chrystia Freeland
Canada green taxonomy unlikely to include new natural gas sites
10th October 2024 By: Bloomberg

Canada has provided more clarity on what it considers to be homegrown green investments — with new natural gas projects unlikely to make the cut. On Wednesday, Finance Minister Chrystia Freeland... 


Nicky Oppenheimer
Recycle like there’s no tomorrow, big screen at Oppenheimer event urges attendees
9th October 2024 By: Martin Creamer

Recycle like there’s no tomorrow were the urging words flashed across the large screen at the thirteenth Oppenheimer Research Conference, where long-time former diamond mining luminary Nicky... 


Chevron to sell assets worth $6.5bn to Canadian Natural Resources
7th October 2024 By: Reuters

Chevron is selling its assets in Athabasca Oil Sands and Duvernay Shale to Canadian Natural Resources for $6.5-billion, the oil giant said on Monday as it puts in motion its divestiture plan. The... 


Tellurian shareholders back proposed $1.2bn Woodside deal
4th October 2024 By: Reuters

Tellurian shareholders have voted in favor of the US LNG developer's proposed $1.2-billion acquisition by Australian energy producer Woodside Energy Group, the company said on Friday. Shares rose... 


Eskom chairperson Dr Mteto Nyati
South Africa needs to transition to renewable energy, Eskom chair tells Joburg Indaba
2nd October 2024 By: Martin Creamer

South Africa needs to transition into renewable energy in a way that continues to protect the country’s energy availability, Eskom chairperson Dr Mteto Nyati told the Joburg Indaba on Wednesday.... 


Sasol CEO Simon Baloyi presents a slide on the gas cliff during a briefing at Megawatt Park, while Eskom CEO Dan Marokane and Electricity and Energy Minister Dr Kgosientsho Ramokgopa (seated at far right) listen.
Sasol and Eskom to explore demand anchors for LNG as part of effort to avert ‘gas cliff’
20th September 2024 By: Terence Creamer

Eskom and Sasol have signed a memorandum of understanding (MoU) to jointly explore the potential to introduce liquified natural gas (LNG) to replace natural gas imports from southern Mozambique,... 


Renergen plant resumes LNG production after completing scheduled maintenance
20th September 2024 By: Schalk Burger

Liquefied natural gas (LNG) and helium company Renergen says its LNG Virginia plant, in the Free State, has resumed LNG production after yearly maintenance of the entire plant and the notified... 


Dr Philipp Walter, Executive VP Business Line Hydrogen Systems, Global Business Unit Heraeus Precious Metals.
Platinum group metals can play essential decarb role beyond hydrogen ­– Heraeus
17th September 2024 By: Martin Creamer

Platinum group metal (PGM) catalysis can play an essential decarbonising role beyond hydrogen generation, where its use in proton exchange membrane (PEM) technology for water electrolysis and fuel... 


Mukhtar Babayev
COP29 leaders unveil climate funding and energy storage goals
17th September 2024 By: Reuters

Less than two months ahead of the COP29 United Nations Climate Summit, the Azerbaijani leadership laid out its plans on Tuesday for what it hoped to achieve, as countries continue to wrestle with... 


Development Bank of Southern Africa Chief Economist Zeph Nhleko.
Development finance institutions are key architects of hydrogen economy – Nhleko
9th September 2024 By: Martin Creamer

Development finance institutions (DFIs) are more than just financial supporters of the hydrogen economy, they are important architects of its future, Development Bank of Southern Africa (DBSA)... 


The Pluto LNG plant
Woodside raises $2bn in bonds amid rising investor worries over capex plans
6th September 2024 By: Reuters

Australia's Woodside Energy raised $2-billion in the US bond market, it said on Friday, driving it shares lower on growing worries over the oil and gas producer's capital expenditure plans. The... 


Sherry Duhe
Santos CFO change throws spotlight on top job succession
5th September 2024 By: Reuters

Australian energy giant Santos has appointed former Woodside and Newcrest senior executive Sherry Duhe as its finance chief, the company said on Thursday amid rising market speculation about a... 


Ecuador starts to shut down oil drilling on nature reserve
29th August 2024 By: Reuters

The Ecuadorean government on Wednesday began the process of shuttering oil wells in the 43-ITT block, located on a vast nature reserve, after voters last year backed a referendum to end drilling in... 


Woodside Energy earnings set to dip as investors eye strategic deals
Woodside Energy earnings set to dip as investors eye strategic deals
26th August 2024 By: Bloomberg

Woodside Energy, Australia's top independent gas producer, is on track to post a drop in interim earnings on Tuesday, with investors focusing on its deal-making strategy after the collapse of a... 


Santos operations in Australia
Australia's Santos misses profit view on production costs, lower prices
21st August 2024 By: Reuters

Australian oil and gas explorer Santos posted a bigger-than-expected fall in first-half profit on Wednesday, dented by lower realised prices and higher production costs amid weak demand from top... 


Woodside gets environmental go-ahead for Scarborough project; key green group backs down
Woodside gets environmental go-ahead for Scarborough project; key green group backs down
19th August 2024 By: Reuters

Woodside's $12.5-billion Scarborough gas project in Western Australia has all primary environmental approvals in place, the firm said on Monday, after a green group agreed to dismiss its challenge... 


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