Interesting engineering news and general interest to get you through the week. » Latest Engineering News » Mining, Oil & GasMining, Oil & Gas Where would we be without the benefits that mining, oil and gas have provided us. This is an important sector, providing energy to keep our society going.
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Clipped to the Drawing Board by John Chadwick
BHP Billiton has adopted VULCAN for the Olympic
Dam Expansion project (ODX) in South Australia’s far
north. This project will be the largest open pit mining
operation in Australia, rivalling BHP Billiton’s giant
Escondida copper mine in northern Chile, which also
uses VULCAN.
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Wednesday 1 August, 2007 09:26 AM |
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Clipped to the Drawing Board by John Chadwick
Det Norske Veritas Thursday, June 07, 2007
The world's biggest floating production storage offloading unit (FPSO) is being built at Shanghai Waigaoqiao to DNV rules and is an important example of offshore competency.
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Tuesday 31 July, 2007 11:00 AM |
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Clipped to the Drawing Board by John Chadwick
Water availability is becoming a constraint on copper production in a number of key regions. To address this AMIRA has created P902A to develop a commercially efficient process for the dry separation of copper-bearing material from barren gangue.
Substantial advances have been made in dry separation of other materials most notably coal and some of these processes appear capable of being adapted to treat copper ores. To choose the most suitable target for a development program, AMIRA assessed three known technologies:
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Sunday 29 July, 2007 12:16 PM |
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Clipped to the Drawing Board by John Chadwick
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South African gold miners Harmony and DRDGold have requested the Competition Tribunal to impose a fine of R1,48-billion - the equivalent of eight percent on Arcelor Mittal Steel South Africa’s R18,5-billion turnover for the year ended December 31, 2003 - after having ruled earlier this year that the company was guilty of charging excessive prices on the flat-steel it sold to domestic customers.
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Sunday 29 July, 2007 12:12 PM |
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Clipped to the Drawing Board by John Chadwick
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Oil and gas explorer Santos Ltd is on track to meet its full-year production guidance after a record first half , but sales revenue was trimmed by a stronger Australian dollar.
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Friday 27 July, 2007 08:08 AM |
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Clipped to the Drawing Board by John Chadwick
BHP Billiton produced record quantities of natural gas in 2006-07.
Output was 355.69 billion cubic feet of gas, 1 per cent higher than in 2005-06, mainly because of record production on the North West Shelf.
In the three months to June, the group's petroleum division produced 14.46 million barrels of oil equivalent, down 1 per cent on the corresponding period and taking full-year output to 56.72 million barrels, unchanged from a year earlier.
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Wednesday 25 July, 2007 11:39 AM |
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Clipped to the Drawing Board by John Chadwick
Zimbabwe's gold producers are operating below 20% of capacity while some have suspended operations over a deepening economic crisis and electricity cuts, the mining chamber said on Friday.
The news came after President Robert Mugabe on Wednesday threatened to seize and nationalise mines, especially gold producers he accused of smuggling the metal outside the country and stashing foreign currency earnings abroad as part of a campaign to undermine his government.
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Sunday 22 July, 2007 08:35 AM |
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Clipped to the Drawing Board by John Chadwick
RIO TINTO, the world's third largest mining company , says iron ore production has hit a record to meet strong demand for the steelmaking raw material.
Iron ore output rose 11 per cent to 37.1 million tonnes in the three months to June 30, the London-based company said in a statement. Refined copper output gained 20 per cent and aluminium increased 5 per cent.
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Thursday 19 July, 2007 11:02 AM |
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Clipped to the Drawing Board by John Chadwick
16/07/2007 - Though the US is still the world's leading oil consumer, its might in the global petroleum business is dwindling.
Developing countries are locking up a bigger share of the world's oil and gas resources to profit from high prices and fuel industrial growth. Some experts view the shift as an emerging threat to the US economy, while others see benefits for consumers, saying an expanding list of suppliers diminishes the impact of any single disruption.
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Tuesday 17 July, 2007 09:41 AM |
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Clipped to the Drawing Board by John Chadwick
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13/07/2007 - Engineering and construction group Clough Ltd expects to post a loss in the 2006/07 financial year after writing off $110 million in disputed contracts.
Clough said on Thursday it would write off $110 million against the disputed G1 oil and gas contract with ONGC in India, and the BassGas contract with Origin Energy in Victoria.
The engineering group said the writedown was in response to recent actions taken by the clients on the G1 and BassGas projects that rendered the outcome of each project uncertain. Despite the current climate for Oil & Gas, life can be tough - !!!!!!
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Sunday 15 July, 2007 11:58 AM |
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Clipped to the Drawing Board by Administrator
Iraq's northern autonomous Kurdish government on Friday said it's
planning to offer 40 new oil blocks to foreign companies in a sign that
it said, reflects its confidence Iraq is close to reaching a final deal
on the country's long-delayed hydrocarbons law.
It's all about oil - let's not get into the politics - what do you think ?
If it wasn't there , would the US be there ?
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Monday 2 July, 2007 11:55 AM |
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Clipped to the Drawing Board by Administrator
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MAJOR mining
houses are stalking the former Brett Kebble companies, Randgold &
Exploration (R&E) and JCI, ready to pounce as soon as a merger
between the two theft-ridden companies is complete.
This emerged after a fiery meeting on Friday at R&E,
where angry shareholders almost succeeded in booting the chairman,
Investec’s David Nurek, out of the company.
Speaking after the meeting, Peter Gray, CEO of both
R&E and JCI, said that “low-key talks” were being held with a
number of mining houses keen to buy the mining company that will emerge
when the remnants of Kebble’s two firms are stitched together.
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Tuesday 13 March, 2007 05:17 PM |
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Clipped to the Drawing Board by Administrator
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Cyclones off the coast of
Western Australia forced the shutdown on Thursday of almost
half the country's oil production as well as a major iron ore
export terminal, with more closures seen as two storms approach
oil fields.
At least 180,600 barrels per day (bpd) of offshore oil
production was shut in. Australia produced about 418,000
barrels of oil per day in 2006, according to government
figures.
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Thursday 8 March, 2007 04:01 PM |
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Clipped to the Drawing Board by Administrator
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Soaring commodity prices and acquisitions helped
mining group Xstrata, the world's fourth-largest copper producer,
double its net income in 2006.
Copper prices surged by more than 80% last year, boosted by demand
from rapidly expanding economies such as China, the company said. Zinc
prices more than doubled during the same period.
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Wednesday 7 March, 2007 03:31 PM |
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Clipped to the Drawing Board by Administrator
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The future of coal-fired
power plants is seen so tied up by legal challenges from green
groups, that it could slow, or even thwart, plans to use
America's abundant coal supplies to generate its growing
electricity needs. The recent decision by Texas utility TXU Corp. (TXU.N: Quote, Profile , Research) to
scrap eight of 11 planned coal-fired plants to gain
environmental support for its leveraged buyout, has thrown the
growth prospects of the coal-mining industry into doubt.
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Monday 5 March, 2007 01:51 PM |
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Clipped to the Drawing Board by Administrator
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Singapore Power Ltd. plans to join
Babcock & Brown Ltd. in a A$9 billion ($7 billion) bid for Alinta
Ltd., Australia's biggest energy transmission company, said three
people familiar with the transaction.
Singapore Power and Sydney-based Babcock may submit their
offer for Perth-based Alinta on March 12, said the people, asking
not to be identified before an official announcement. Banks were
invited to lend state-run Singapore Power's half of the bid
amount, they said. Babcock will get loans for its portion in
Australia. Alinta shares jumped 4.5 percent.
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Monday 5 March, 2007 01:48 PM |
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Clipped to the Drawing Board by Administrator
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Oil prices dropped Monday amid continued declines in Asian markets and concerns about the world's economic outlook.
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Monday 5 March, 2007 01:41 PM |
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Clipped to the Drawing Board by Administrator
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While oil shale is found in many places worldwide, by far the largest
deposits in the world are found in the United States in the Green River Formation,
which covers portions of Colorado, Utah, and Wyoming. Estimates of the
oil resource in place within the Green River Formation range from 1.2
to 1.8 trillion barrels. Not all resources in place are recoverable;
however, even a moderate estimate of 800 billion barrels
of recoverable oil from oil shale in the Green River Formation is three
times greater than the proven oil reserves of Saudi Arabia
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Wednesday 28 February, 2007 02:34 PM |
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Clipped to the Drawing Board by Administrator
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There are four oil
fields in the world which produce over one million barrels per day.
Ghawar, which produces 4.5 million barrels per day, Cantarell in Mexico,
which produces nearly 2 million barrels per day, Burgan in Kuwait which produces
1.7 million barrels per day and Da Qing in China which produces 1 million barrels
per day. Ghawar is, therefore, extremely important to the world's economy
and well being. Today the world produces 82.5 million barrels per day
which means that Ghawar produces 5.5 percent of the world's daily production.
Should it decline, there would be major problems. As Ghawar goes, so goes
Saudi Arabia.
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Wednesday 28 February, 2007 02:22 PM |
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