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Oil & Gas
 
OIL & GAS

India’s ONGC starts JV talks with Mexican Pemex

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The overseas exploration arm of Indian major ONGC Limited, ONGC Videsh Limited (OVL), has started negotiations with Petroleos Mexicanos (Pemex), Mexico’s national oil company for a stake in oil and gas assets in central and Latin America....
17th September 2014
 
 
GAS

Sunbird secures A$25m to advance Ibhubesi development

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Pan-African investment company Vandasia Investments will acquire a 43.9% interest in Southern African gas explorer and developer Sunbird Energy for about A$25-million. The investment company would acquire an initial 20.37-million Sunbird shares...
9th September 2014
 
 
M&A

Drillsearch extends offer for Ambassador

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ASX-listed Drillsearch Energy has extended its takeover offer for fellow-listed Ambassador Oil & Gas until September 15. The Drillsearch offer is now the only takeover option available to Ambassador shareholders, after a competing bid by New...
9th September 2014
 
 
ENERGY & CHEMICALS

Sasol repositions itself for gas-based future Video Available

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Sasol Southern African operations VP Bernard Klingenberg South African energy and chemicals group Sasol has “strategically repositioned” itself over the past three years to focus on gas-based opportunities in Southern Africa and North America, having moved away from coal-to-liquids opportunities in...
8th September 2014
 
 
CORPORATE RESTRUCTURING

Sasol expects R4bn in restructuring savings, sans ‘forced’ job cuts Video Available

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Sasol CEO David Constable Sasol CEO David Constable announced on Monday that the group expected to deliver sustainable savings of more than R4-billion a year from 2016 as a result of a far-reaching business performance enhancement programme. The savings figure was a...
8th September 2014
 
 
Mozambique

Mining, taxation – and honey

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The Mozambican Government believes that the changes to the country's mining taxation code which have recently been approved by the Assembly of the Republic (Parliament) will significantly increase the revenues of the State. The estimation is that...
5th September 2014
 
 
OIL & GAS

Linc gets interest in US oil assets

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Singapore-listed Linc Energy has received unsolicited expressions of interest for its US oil assets. The company told shareholders this week that it had started a formal process to work with the parties that had expressed an interest in the Umiat...
4th September 2014
 
 
OIL & GAS

Challenger advancing shale gas farm-in talks in S Africa

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ASX-listed Challenger Energy was in advanced discussions regarding a possible farm-in agreement over its Cranemere shale gas project, in South Africa. “We are working on a compelling partnership,” Challenger MD Robert Willes told Mining...
4th September 2014
 
 
 
 
 
 
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Sasol repositions itself for gas-based future Video
Sasol expects R4bn in restructuring savings,... Video
Mining should adopt oil, gas geological... Video
Sasol eyeing northern Mozambique gas... Video
Camac Energy lists on JSE, provides exposure to... Video
JSE targets January launch date for first coal... Video
Industry worried about govt’s oil and gas... Video
Sunbird's Ibhubesi licence transfer approved Video
End port, rail coal mismatch to gain India... Video