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 George Tan
Giant gold miner Barrick Gold Tanzania has announced will soon be setting up a mining college in Moshi Municipality, Kilimanjaro region.
The centre will provide training to both artisanal miners and students coming fresh from colleges of engineering.
Plans are for the institution to become a mining vocational training centre that would also be engaged in upgrading mining curriculums for use in other mining schools in Tanzania and beyond.
Barrick Tanzania Public Relation and Communications Manager, Teweli Teweli revealed about this plan Tuesday in Dar es Salaam while addressing engineering students who had shortly arrived from Zambia where they had attended a special familiarisation tour on mining activities.
....click the link to read more
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Saturday 12 April, 2008 06:02 AM |
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Clipped to the Drawing Board by Tony Elmasri
Sasol, the world’s leading producer of synthetic fuels from coal and natural gas , says it has become the first company worldwide to receive international approval for its 100% synthetic jet fuel produced by its proprietary Coal to Liquids (CTL) process. Sanctioned by global aviation fuel specification authorities Sasol CTL will be the first fully syntheticaly engineered fuel to be approved for use in commercial airliners. This marks a significant development in the adoption of clean burning alternative fuels for the aviation industry; engine-out emissions of Sasol’s jet fuel are lower than those from jet fuel derived from crude oil due to its limited sulphur content. Approval of Sasol’s CTL fuel for commercial aviation is also a milestone in the effort to secure domestic energy supply for South Africa and other countries with significant domestic coal and natural gas reserves; Sasol’s transformative technology will allow these countries to monetize natural resources and increase energy security.
....click the link to read more
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Friday 11 April, 2008 06:06 AM |
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Clipped to the Drawing Board by John William
A bitter debate over what to do about the ailing state oil monopoly has dominated national politics in Mexico in recent weeks, tapping strong emotions on both sides and resurrecting the political fortunes of the leftist leader who narrowly lost the 2006 presidential election.
Re engineering the oil company, Petroleos Mexicanos, or Pemex, is perhaps the greatest challenge facing the administration of
President Felipe Calderon, a conservative economist who won the disputed 2006 election by a hair's breadth.
....click this link to read more
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Thursday 10 April, 2008 10:00 PM |
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Clipped to the Drawing Board by John William
THE massive tripling in coking coal prices secured by Australian miners for 2008/09 is being called a temporary "spike" caused by the Queensland floods, and analysts are expecting prices to fall back significantly next year.
However, 2009/10 prices are still likely to be around double last year's price, setting up the industry for several more years of windfall revenues.
The world's largest engineering steel producer, Arcelor Mittal, has reportedly agreed to a $US305 a tonne contract price with major producer BHP Billiton, up from $US98 a tonne last year.
On top of that, South Korea's Posco has confirmed it has agreed on a price of around $US300 a tonne, putting pressure on Japanese steel mills to follow suit.
The price-spike has eclipsed the previous record high of $US125 a tonne, which was set in 2005/06.
....click the link to read more
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Wednesday 9 April, 2008 06:27 PM |
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Clipped to the Drawing Board by Barot Casha
Australian-based clean coal engineering energy technology developer, GTL Energy, has been selected by a North American energy consortium to provide its coal beneficiation technology to the proposed $1.4 billion South Heart coal-to-synthetic gas project in North Dakota. Under a Memorandum of Understanding, project partners, Great Northern Power Development (GNPD) and Allied Syngas Corp, said GTLE’s beneficiation technology had been chosen from a worldwide review of coal beneficiation technologies to upgrade the low-quality lignite reserves at South Heart.
The GTLE engineering technology is critical to transforming the local low grade coal into low moisture high grade briquette feedstock for use in the joint venture’s proposed $1.4 billion plant at South Heart in southwest North Dakota, to produce synthetic natural gas by 2013. The commitment validates Adelaide-based GTLE’s proprietary technology which has been developed in the US since installation of its pilot plant facilities in Colorado.
....click the link to read more
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Tuesday 8 April, 2008 11:03 PM |
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Clipped to the Drawing Board by Adam Crighton
With energy prices soaring and oil-company ranks graying, petroleum-engineering graduates have become a hot commodity.
As a result, students are swelling the ranks of college engineering programs, positioning themselves for energy-industry jobs with salaries that make tenure-track professors envious. Top-ranking petroleum-engineering graduates this year can expect starting pay of $80,000 to $110,000, plus signing bonuses and other perks.
....click the link to read more
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Monday 7 April, 2008 06:09 PM |
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Clipped to the Drawing Board by Administrator
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OSLO (Thomson Financial) - Acergy said it has been awarded a pair of contracts by StatoilHydro for subsea engineering work at the Gjoa and Morvin licenses in the North Sea, worth a combined 60 mln usd. ....click the link to read more
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Sunday 30 March, 2008 06:03 AM |
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Clipped to the Drawing Board by Administrator
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March 17 (Bloomberg) -- Royal Dutch Shell Plc, Europe's largest oil company by market value, replaced 124 percent of the oil and natural gas it pumped last year with new discoveries.
So why is oil trading at $110 plus per barrel ??? ....click the links to read more
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Tuesday 18 March, 2008 10:04 AM |
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Clipped to the Drawing Board by Administrator
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THE world’s largest aluminium producer, Rusal , was this weekend putting the finishing touches to $4.5 billion (£2.3 billion) fundraising that should allow it to buy a 20% stake in Norilsk Nickel.
The move will be a significant step towards the creation of a Russian metals and mining group on the scale of industry majors such as BHP Billiton and Vale. Norilsk is the world’s largest producer of nickel. ....click the link to read more
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Monday 17 March, 2008 06:02 AM |
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Clipped to the Drawing Board by John William
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Doom-laden forecasts that world oil supplies are poised to fall off the edge of a cliff are wide of the mark, according to leading oil industry experts who gave warning that human factors, not geology, will drive the oil market. ....click the link to read more
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Monday 21 January, 2008 06:28 AM |
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Clipped to the Drawing Board by Administrator
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IN the tussle over relative value between BHP Billiton and Rio Tinto , commodity futures markets are backing the takeover target. ...click the link to read more
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Sunday 20 January, 2008 02:01 PM |
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Clipped to the Drawing Board by Administrator
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SOFIA, Bulgaria — Russia strengthened its grip on Europe’s energy supplies on Friday as it signed a major gas deal with Bulgaria that analysts said would further undermine the European Union’s attempts to diversify its energy sources. ...click the link to read more
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Sunday 20 January, 2008 04:36 AM |
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Clipped to the Drawing Board by Bob Smith
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The uranium industry says Britain's expansion of nuclear power will bolster Australia's role as a supplier.
The British government has invited companies to construct new nuclear power stations to meet its climate-change goals and will not set a limit on how many are built. ....click the links to read more
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Monday 14 January, 2008 02:03 PM |
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Clipped to the Drawing Board by Tony Elmasri
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The Taca Taca copper-gold porphyry deposit, owned by Canada's Global Copper, has been explored previously by several mining companies - including BHP - but engineers never developed the mine.Seeking to further shore up its defenses against takeover by BHP, Rio Tinto has agreed to spend up to $US203 million ($260.7 million) to gain control of the Taca Taca deposit in Argentina. Rio can earn a 75 per cent interest in Taca Taca after paying Global Copper $US83 million over three years, completing 25,000 metres of drilling and taking responsibility for the first $US120 million of development funding.
...click the links to read more
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Saturday 12 January, 2008 02:03 AM |
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Clipped to the Drawing Board by jackson Browne
RIO TINTO has revealed plans to ship at least 9 million tonnes of iron ore a year via a new $US315 million ($358 million) fleet of three giant vessels to help lock in low long-term freight rates.
Rio is also currently waiting for clarification or otherwise of the BHP takeover offer.
...click the link to read more
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Tuesday 8 January, 2008 04:23 PM |
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Clipped to the Drawing Board by Tony Elmasri
Rio yesterday approved the development of the Eagle nickel project in the United States, 24 hours after it pledged to spend $US793 million ($928 million) on an expansion of the Kestrel coal mine in Queensland.
The company has approved its second major development in two days and flagged plans to sell more iron ore into the spot market as its steps up its defense against predator BHP Billiton Ltd.
Meanwhile, the Chinese Government has reportedly sanctioned large state-owned corporations to look at three strategies to thwart BHP Billiton's proposed offer for Rio Tinto.
....click the links to read more
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Wednesday 2 January, 2008 06:03 AM |
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Clipped to the Drawing Board by Sean
Walking the tightrope between business and politics has become even more difficult for Royal Dutch Shell as it weighs up its Iran options. Huge gas reserves beckon in Iran's vast South Pars gas field but the opportunity needs to be balanced against the strong political opposition from the US. The opportunities will not be on offer indefinitely as rivals are keenly courting Tehran
Company insiders say Shell is "still 12 months away from a decision"and are currently drawing up a final investment plan, as labor and equipment costs in the industry soar making accurate costing impossible
Shell also risks upsetting Washington, where the Bush administration is putting pressure on companies not to do business with Iran because of its nuclear program Pushing back the decision until the end of 2008 has the advantage of it being after the US elections in November, when a new president might tone down the rhetoric against Tehran but this needs to be balanced against rivals coming into the picture and undercutting
...click the link to read more
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Sunday 30 December, 2007 02:04 PM |
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Clipped to the Drawing Board by Ali Hamoud
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As oil prices again ride the "cost per barrel" roller coaster then inevitable the economics of supply and demand should decide the final resting place of oil (at any given point in time) - However the supply-demand formula has one key element - "supply" - but what happens if the supply is rapidly diminishing - many analysts have concluded that the world has passed the critical Peak Oil point, others dispute the findings and preach an alternative creed ....click the link to read more
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Monday 17 December, 2007 10:07 PM |
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Clipped to the Drawing Board by Rose Shah
Petrochemicals giant Sasol has advised that there is significant progress being made to improve operations at the Oryx plant gas-to-liquids joint venture, in Qatar
Technical and engineering difficulties where encounterded in the first part of this year due to higher-than-expected levels of fine material being produced in the Fischer-Tropsch process.
...click the links to read more
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Sunday 16 December, 2007 10:08 PM |
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Clipped to the Drawing Board by Sean
Canadian and English researchers have reported the results of a chemical engineering study for a new method of producing methane gas from old oil wells.
The system involves feeding fertilizer into the wells and this then takes advantage of the natural process which occurs when microbes slowly degrade oil into methane, the chief ingredient in natural gas.
....click the link to read more
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Friday 14 December, 2007 06:02 AM |
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Clipped to the Drawing Board by Peter Wu
Such is the strength of demand for commodities in China that analysts dismiss the US recession as registering only a blip on the "Richter Scale" of activity within the commodities market.
Internal analysis by Rio Tinto, the worlds second largest miner shows that China has accounted for between 60 to 90 percent of global demand growth for iron ore, copper and aluminum since 2000.
The report notes that only about 1.5 per cent of Chinese steel production is directly exported to the US
...click the link to read more
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Monday 10 December, 2007 02:03 PM |
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