Mining, 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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A changing world, and maybe a way to engineer change ---- BHP Billiton has broken with its iron ore rivals Rio Tinto and Brazil's CVRD, calling for the commodity to be traded in a more transparent market like that seen for thermal coal rather than in the "outdated" benchmark pricing system. |
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Friday 2 November, 2007 03:14 AM |
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An interesting turn of events - what goes up - must come down - except where oil is concerned and the exploration engineers are squeezed even further to find more as ---- Oil Prices Rise to Record Above $96 a Barrel After Surprise Drop in US Supplies as there is a recommendation for a Memo Mr President: get tough on the black-gold cowboys. Because the Oil market is out of our control, says Opec and countries such as China raises fuel prices amid shortages |
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Thursday 1 November, 2007 05:02 PM |
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Oil and gas engineers are feverishly working on new ways to extract the potential liquid gold which lies under -- For centuries the Northwest passage linking the Atlantic and the Pacific was little more than a myth that tempted only the most daring polar explorers. |
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Wednesday 31 October, 2007 09:09 PM |
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The rising price oil makes this engineering technology much more competitive on the world stage-- Some 5%, or 7 500 bbl/d, within a larger approximately 30 000-bl/d, or 20%, brownfield expansion planned for Sasol's Secunda complex, in Mpumalanga, is likely to arise from the deployment of a world-first technology able to convert coal fines into high-value liquid fuels. |
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Monday 29 October, 2007 09:03 PM |
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I guess that as we live in a free market economy, these sorts of fluctuations will occur - however, oil only seems to go one way ----- get those engineers out there exploring for more black gold
DUBAI: The Saudi finance minister , Ibrahim al-Assaf, said Sunday that the increase in the price of oil, which topped $90 a barrel last week, was the result of speculation and geopolitics - not a market imbalance - but that oil-exporting countries were ready to meet any emergency needs. |
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Sunday 28 October, 2007 10:00 PM |
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Lightweight and easy to work with - engineers love aluminium and so do lots of others THE aluminium industry is set for a scramble for market share after Rio Tinto employees yesterday celebrated the completion of its $US38 billion purchase of Alcan in Brisbane and Montreal.
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Saturday 27 October, 2007 10:01 AM |
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Just got to keep those machines churning over and the Mining Engineers have a grin from ear to ear BHP Billiton , the world's biggest miner , said on Tuesday it was churning out as much copper, iron ore, coal and other mineral commodities as it could to keep up with global demand. |
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Wednesday 24 October, 2007 10:02 AM |
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You have to love politics. The answer has immense repercussions for the energy industry. If it is a lake, there are no obligations by countries that flank it to grant permits to foreign vessels or drilling companies. But if it is sea, there are international treaties obliging those countries to an array of permits.
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Friday 19 October, 2007 11:48 PM |
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Life wasn't ment to be easy - not in this industry at least It's said that God's joke was to locate the world's valuable natural resources in the most inhospitable environments. |
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Friday 19 October, 2007 12:15 PM |
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A lot of big money going around at the moment in this industry
CVRD of Brazil has declared it plans to be bigger in mining than BHP Billiton within five years, after revealing plans to spend an industry record $US11 billion ($12.2 billion) on growth projects next year. |
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Thursday 18 October, 2007 12:02 AM |
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Ratchet up another notch an the cost scale SINGAPORE (Reuters) - Crude and vegetable oils surged to record highs on Tuesday, while gold hit a 28-year peak, supported by concerns about rising tensions in the Middle East and a struggling dollar. |
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Tuesday 16 October, 2007 12:16 PM |
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Needs must and business to business partnerships make unusual bedfellows -- In July, the Turkmen and Chinese governments signed two agreements providing for the exploration and development of gas fields in Turkmenistan and the long-term export of gas by pipeline from Turkmenistan to China. |
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Tuesday 16 October, 2007 06:07 AM |
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The easy bits are done - it starts getting a lot harder, the deeper you go - the yellow metal still has value JOHANNESBURG: South Africa's gold companies, already mining at the world's deepest depths, are looking to plumb even deeper veins in a new gold rush spurred by record prices.
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Monday 15 October, 2007 04:08 AM |
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Where there's a will, there's way - and if there's a dollar to be made, it makes it all the more of a reason to do it - we've done the easy paces - now it's the hard yards FOR 25 years energy executives were tantalised by vast quantities of natural gas in one of the world's least hospitable places - 145 kilometres off Norway's northern coast, beneath the Arctic Ocean. |
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Sunday 14 October, 2007 12:12 AM |
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Who said what goes up - must come down ? I'm tempted to rush out and fill my tank - Oil prices have reached another record - surging past $84 a barrel for the first time. |
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Saturday 13 October, 2007 09:00 AM |
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It's early days yet - but how does it go - the journey of 1000 miles starts with the first step
CHEVRON and its joint-venture partners in the Gorgon gas project , ExxonMobil and Shell, have welcomed the Federal Government's decision to grant environmental approval for the mammoth development. |
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Friday 12 October, 2007 02:07 PM |
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PetroChina has discovered another major gasfield in western Xinjiang, a source from the company's Tarim unit confirmed Wednesday. |
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Thursday 11 October, 2007 12:59 PM |
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Always strong in this industry - the innovation factory has kicked in again --
South Africa is endowed with 32-billion tons of coal reserves, which are rated as economically extractable, and a further 160-billion tons of coal resources, which are judged uneconomic. Until fairly recently, there was little prospect of exploiting this enormous pent-up energy potential. |
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Sunday 7 October, 2007 12:03 PM |
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It's a moving target - and it keeps everyone guessing - plenty of engineering activity in mining !! Spot prices for gold and iron ore have shot up on the back of China's construction boom, challenging the tradition of price benchmarking
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Sunday 7 October, 2007 04:08 AM |
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just dig it out and sell it - whatever it is Iron ore hopeful Fortescue Metals Group has continued its impressive run, with its shares punching through the $50 mark, without the company having shipped a single tonne of ore. |
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Saturday 6 October, 2007 02:09 AM |
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Crisis, what crisis - nothing which can't be sorted out over a few glasses of vodka (better make that bottles of vodka) MOSCOW (AFP) - Russia on Wednesday allayed European fears of a potential gas supply crisis due to a payment row with Ukraine after the government in Kiev sent a minister to Moscow and pledged to settle the dispute. |
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Friday 5 October, 2007 04:03 PM |
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