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Energy News

Zambia energy regulator hikes fuel price for retail consumers

By: Reuters     17th October 2017 Zambia announced an increase in the retail price of fuel on Tuesday, citing rising international oil prices and depreciation of the kwacha. The pump price of petrol would be increased to 12.97 kwacha per litre from 11.67 kwacha, while that of diesel would rise to 11.09 kwacha per litre from 9.87... 

Renergen interim losses widen

By: Anine Kilian     17th October 2017 JSE-listed alternative energy company Renergen expects to report a loss a share and headline loss a share of between 19.85c and 22.39c for the six months ended August 31. This reflects a 56% to 76% widening on the 12.73c loss a share and headline loss a share for the first half of the prior... 

Iraqi forces capture North Oil Co. from Kurdish forces; no disruption to oil production

By: Reuters     16th October 2017 Iraqi on Monday forces captured the headquarters for the North Oil Company, northwest of Kirkuk, and a nearby refinery from Kurdish forces, without fighting, an Iraqi oil official said. Iraq forces moved into the premises of Iraqi state-owned North Oil after taking the nearby K1 airbase, the... 

DA to report minister Brown to public protector and ethics committee over Eskom contract

By: African News Agency      16th October 2017 The Democratic Alliance (DA) will ask Public Protector Busisiwe Mkhwebane to investigate Public Enterprises Minister Lynne Brown for any role she played in awarding lucrative oil contracts worth R1.2-million from Eskom “to her lover and close business associate” despite their lack of expertise in... 

Event drives partnerships at the highest levels

By: Robyn Wilkinson     13th October 2017 This year’s South Africa-Italy Summit/Indaba will advance the work of the previous three years’ events in building a community of business and governmental leaders from South Africa and Italy that will seek to reinforce strategic business relationships and actively explore new opportunities for... 

Event drives partnerships  at the highest levels
COMMITMENT TO COLLABORATION Nico de Kock, Phindile Baleni and Paolo Borzatta signed an agreement of collaboration between Gauteng and Italy at the launch of the South Africa-Italy Summit/Indaba

SA weighs market opportunities as utility-scale battery storage prospects improve

By: Mia Breytenbach     13th October 2017 Following the release of an energy storage techno-economic study ‘The South Africa Energy Storage Technology and Market Assessment’, advocating that South Africa requires market preparation to take advantage of growth opportunities in the stationary and mobility value chains of energy storage,... 

SA weighs market opportunities as utility-scale  battery storage prospects improve

Tullow buys 90% stakes in four onshore blocks in Côte d'Ivoire

By: Reuters     12th October 2017 Tullow Oil said it on Thursday it had bought 90% stakes in four onshore blocks in Côte d'Ivoire while state oil company Petroci holds the remaining 10%. The four blocks cover 5 035 km2 and are located on the coast, mostly to the west of Abidjan. 

Oil rises on tighter market, but doubts swirl on sustainability

By: Reuters     11th October 2017 Oil prices rose for a third day on Wednesday as Opec said the market was gradually tightening after years of oversupply, but the 2018 outlook was less certain. Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $56.80 per barrel at 1129 GMT, up 19 cents. Brent... 

Energy Minister Kubayi denies her secondment of Zulu to fuel fund was illegal

By: African News Agency      10th October 2017 Energy Minister Mmamoloko Kubayi on Tuesday told MPs she had no doubt about the legality of her secondment of former director general Thabane Zulu to the Strategic Fuel Fund as its acting chief executive officer, but stopped short of assuring them it had been approved by the board of the entity.... 

Public comments on gas exploration to close soon

By: African News Agency      10th October 2017 The South African public has at least eight days left to comment on the environmental authorization that the department of mineral resources (DMR) recently granted to Rhino Oil and Gas Exploration South Africa (Rhino) for natural gas exploration across four provinces. The area affected by these... 

Brazil revives African ties, eyes expanding market

By: Reuters     10th October 2017 Agricultural powerhouse Brazil aims to revive ties with Africa after a lull and sees a vast export market for food and manufactured goods in a continent whose population is surging, its foreign minister said. Brazil's presence in Africa surged during the government of former President Luiz Inacio... 

Sonangol aims to slash oil production costs with board revamp

By: Reuters     9th October 2017 Angola's State oil company Sonangol is aiming to slash breakeven costs on new oil production to as low as $20/bl $30/bl and make its contracts more attractive to investors and oil and gas companies, the company's chief Isabel dos Santos told Reuters. On the sidelines of the FT Africa Summit in... 

Angola's State oil firm saves $1.7bn after spending cuts

By: Reuters     9th October 2017 Angola's State-owned oil company Sonangol said on Friday it had saved $1.7-billion thanks to spending cuts since 2014 in response to lower crude prices. Oil companies across the world have made steep cuts to their annual capital expenditure over the last three years to cope with a slump in oil... 

Tanzanian President splits energy and mining in ministry shake-up

By: Reuters     9th October 2017 Tanzanian President John Magufuli split the energy and minerals ministry in two and appointed heads for the new ministries on Saturday, five months after sacking the previous minister. Two presidential committees had recommended the move to tighten supervision of natural resources in Tanzania,... 

Glencore to acquire Chevron’s South Africa, Botswana assets for $973m

By: Anine Kilian     6th October 2017 JSE-listed Glencore has entered into an agreement with Off The Shelf Investments Fifty Six (OTS) to acquire a 75% interest in Chevron South Africa, as well as a 100% interest in Chevron Botswana, for an aggregate consideration of $973-million. The assets comprise the interests of the Chevron... 

Glencore to acquire Chevron’s South Africa, Botswana assets for $973m

Work apparel company sees further growth in sales

By: Simone Liedtke     6th October 2017 Since the beginning of the year, industrial supplier and solutions provider Total Blasting – a subsidiary of Total Product Solutions Group – has sold more than 50 sets of water blast and water jet personal protective equipment (PPE) and the company foresees this number steadily growing at a... 

Work apparel company sees further growth in sales
SPECIAL DESIGN The personal protective equipment was designed to not restrict operator movement and flexibility

‘Virtual’ gas network expands offering to firms within 300 km of Joburg

By: Dylan Slater     6th October 2017 Through a rapidly expanding gas distribution network, gas supplier Virtual Gas Network is presenting the energy industry with lower energy costs and improved profitability, while also enabling energy producers and consumers to move towards meeting cleaner emissions targets.  

‘Virtual’ gas network expands offering to firms within 300 km of Joburg
VIRTUAL NETWORK The ‘virtual’ distribution network is an innovative road-based delivery system of compressed-gas tube-trailer modules each storing compressed gas for distribution to customers

Sale of South Africa’s strategic fuel stocks heads to court

By: African News Agency      5th October 2017 The question of whether South Africa can access strategic fuel stocks sold way below market price in a controversial deal made in late 2015 will be answered by a court of law, Strategic Fuel Fund (SFF) acting chief executive Thabani Zulu said on Wednesday. Speaking to journalists on the sidelines... 

Transnet upgrades fuel pipeline from Durban to Johannesburg

By: African News Agency      5th October 2017 Transnet’s has commissioned its upgraded 55 km multiproduct pipeline, which will enable it to move four petroleum products from Durban to Johannesburg. When the 24-inch trunk-line was first commissioned in 2012 it transported only diesel. 

Petrol price to increase by 29c a litre in October

By: Reuters     2nd October 2017 The retail price of petrol in South Africa will increase by 2.1% from Wednesday, while the price of wholesale diesel will rise by 3.6%, the energy department said on Monday. The price of petrol will rise by 29c to R14.01 a litre in the commercial hub of Gauteng province, while diesel will go up... 

Petrol price to increase by 29c a litre in October

SacOil acquires Belton Park for up to R220m

By: Anine Kilian     2nd October 2017 Independent oil and gas company SacOil will acquire the assets and operations of independent fuel wholesaler and distributor Belton Park for up to R220-million. Belton Park owns a substantial fleet of heavy-duty tankers that distribute over 20-million litres of fuel products a month to a... 

Opinion: Minister Kubayi’s Renewable Energy Plan: Does it signify progress or regression?

     29th September 2017 In this opinion piece, Sener regional MD Siyabonga Mbanjwa expresses the hope that both the current moratorium on new renewable-energy projects and the proposed 77c/kWh tariff cap will be reconsidered during industry consultations.  

Opinion: Minister Kubayi’s Renewable Energy Plan: Does it signify progress or regression?
Sener regional MD Siyabonga Mbanjwa

Turbine installations at wind project completed ahead of schedule

By: Mia Breytenbach     29th September 2017 Khobab Wind Farm, in the Northern Cape has completed all 61 wind turbine installations, ahead of schedule this month. Further, Khobab, together with its adjacent wind farm, the Loeriesfontein Wind Farm, in the Hantam municipality, in the Northern Cape province, have achieved more than two-million... 

Turbine installations at wind project completed ahead of schedule
SOARING CONSTRUCTION The 100-m-tall Siemens wind turbines, which allow for optimum energy production, take between one and three days to construct, assuming favourable weather

International bodies sign agreement to promote sustainable energy

By: Ilan Solomons     29th September 2017 The United Nations Industrial Development Organization (Unido) and the World Energy Council (WEC) have signed a joint declaration to support the global dissemination of sustainable energy solutions. Under the new partnership, Unido and the WEC have committed to develop the leadership skills and... 

International bodies sign agreement  to promote sustainable energy
Photo by Duane Daws
CHRISTOPH FREI Energy leaders of tomorrow will need to rely on different skill sets from the energy leaders of the past

Nigeria to diversify power supply, then focus on repairs

By: Reuters     28th September 2017 Nigeria is focused on diversifying power supply and ensuring its stability before pouring money into a creaking transmission system, a government minister told Reuters. Minister of Information Lai Mohammed said that while Nigeria had already increased power generation to the point that its... 

Blue Chip Lubricants opens plant, seals empowerment deal as it aims for fifth of the market 

By: Irma Venter     28th September 2017 Blue Chip Lubricants (BCL) has completed the construction of a new blending plant in Johannesburg, which it hopes will help the company to secure a fifth of the lubricants market in South Africa. The company will be aided in this ambition by the sale of 51% of the business to black-owned firm... 

Blue Chip Lubricants opens plant, seals empowerment deal as it aims for fifth of the market
Lutramart director Sandile Koza chats to Engineering News Online about the benefits of the new Johannesburg-based blending plant

Karoo shale gas deposits seen less than earlier estimates

By: Reuters     28th September 2017 South Africa's Karoo basin probably has a thirtieth of the shale gas deposits that some estimates had suggested, deflating expectations of an energy bonanza, a study published on Thursday said. The findings by the South African Journal of Science have been published shortly before the expected... 

Fuel retailers need to consider rapidly changing industry dynamics

By: Natasha Odendaal     27th September 2017 A new approach to sustaining the fuel retail industry is required as technology and new trends are set to disrupt the way retailers operate, Absa franchise Africa head Dumisani Bengu said on Wednesday. Speaking at the Fuel Retailers Association Conference, held on the sidelines of the... 

Construction firm chases oil taxes, royalties in $1bn Congo debt row

By: Reuters     27th September 2017 Construction firm Commisimpex has gone to a French court in its fight with the Congo Republic over what it says are more than $1-billion in unpaid bills, the latest step in a decades-old saga that has weighed on the nation's economy. Commisimpex, which worked on construction and public works... 

Government pension fund won't be used to bail out State firms – Gigaba

By: Reuters     26th September 2017 South Africa is not planning to raid the government pension fund to bail out struggling State firms, Finance Minister Malusi Gigaba said on Tuesday. Gigaba also denied reports that he told a Cosatu union meeting that indebted State-owned entities needed R100-billion ($7.50-billion) to survive. 

Government pension fund won't be used to bail out State firms – Gigaba
Photo by Duane Daws
Finance Minister Malusi Gigaba

redT sells energy storage units in Botswana

By: Anine Kilian     26th September 2017 Energy storage technology company redT energy has sold fourteen 40 kWh energy storage units to remote critical communications infrastructure sites across Botswana. The locations currently have no connection to the grid and will use 11 kW of solar panels per site as the sole form of generation.... 

BHP, world's largest miner, says 2017 is 'tipping point' for electric cars

By: Reuters     26th September 2017 This year looks set to be the "tipping point" for electric cars, Arnoud Balhuizen, chief commercial officer at global miner BHP said on Tuesday, with the impact for raw materials producers to be felt first in the metals market, and only later in oil. "In September 2016 we published a blog and we... 

Egypt expects IPO of state-owned ENPPI in Q1 2018 – minister

By: Reuters     25th September 2017 Egypt expects an initial public offering of state-owned oil company ENPPI during the first quarter of 2018, Investment Minister Sahar Nasr told Reuters on Monday, later than initially anticipated. The minority share offering in oil company ENPPI will be the first in an Egyptian state-owned... 

Egypt expects IPO of state-owned ENPPI in Q1 2018  – minister

Court draws ocean border favouring Ghana in Ivory Coast dispute

By: Reuters     25th September 2017 The International Tribunal for the Law of the Sea on Saturday drew an ocean boundary that appeared to favour Ghana in a dispute with its neighbour Ivory Coast, ruling that Accra had not violated Ivorian rights in drilling for oil. The decade-old row between the two West African neighbours has... 

Court draws ocean border favouring Ghana in Ivory Coast dispute

Opec says winning battle to curb oil glut

By: Reuters     22nd September 2017 Output cuts by Opec and other oil producers are clearing a supply glut that has weighed on crude prices for three years, ministers said at a meeting on Friday to review the pact that expires in March 2018. The Organization of the Petroleum Exporting Countries, Russia and several other producers... 

Nigeria unlikely to cut fuel sulphur level anytime soon – Rainoil

By: Reuters     22nd September 2017 Nigeria's efforts to cut sulphur levels in its fuel imports are unlikely to succeed this year, the head of a major Nigerian downstream company told the Platts refining conference in Brussels. The government has delayed its target to slash allowed sulphur on imports to 50 parts per million (ppm)... 

Cooling vest reduces industrial heat stress

By: Marleny Arnoldi     22nd September 2017 Staff exposed to hot environments, in combination with doing arduous work and wearing multi-layered protective clothing, such as firefighters, may suffer thermal physiological strain, says water jet cutting company Total Blasting, which is the South African distributing agent for Sweden-based... 

Cooling vest reduces  industrial heat stress
JUST CHILL TST Sweden’s cooling vest consists of nontoxic, nonflammable compound blends of salts, which are known to be an effective ingredient for temperature regulation
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