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Oct 01, 2014
Private equity investors are increasingly becoming more active in Africa’s bid to narrow the $90-billion a year infrastructure funding gap constraining the continent’s growth. This was according to a survey by the Southern African Venture Capital and Private Equity...
Sep 29, 2014
An updated independent assessment of the prospective resources of dual-listed Camac Energy’s offshore Nigerian leases has increased the estimated recoverable resources from 537-million barrels of oil to 2.37-billion barrels of oil in four of its top exploration...
Sep 29, 2014
Following his resignation as FD of mining major Anglo American Platinum (Amplats) on Monday, Bongani Nqwababa has been appointed executive director and CFO designate of petrochemicals group Sasol. Pursuant to his appointment as CFO designate, he had also stepped down...
Sep 29, 2014
A new State-owned ethylene factory due to start production in Alexandria next year could save Egypt about $500-million on annual imports and allow it to begin exporting petrochemicals to Western Europe and Africa, its chairman said. The factory, operated by Egyptian...
Sep 26, 2014
The retail price of 95-grade petrol in South Africa will drop by 5c or 0.4% a litre from next Wednesday, while wholesale diesel will decrease by 1%, the Department of Energy said on Friday. Petrol will cost R13.61 a litre while the wholesale diesel price will be set...
Sep 26, 2014
Sydney-listed energy group Challenger Energy says it is encouraged by recent indications of a “growing appreciation of the importance” of South Africa’s nascent shale gas industry and its potential beneficial impact to the broader economy, adding that momentum...
Sep 26, 2014
The Competition Commission has made a call for submissions in terms of its enquiry into the liquefied petroleum gas (LPG) industry, giving stakeholders until October 31 to submit their comments. The aims and rationale of the three-phase market inquiry – of which the...
Sep 26, 2014
Libya's oil output has risen further, pushing world oil prices lower, defying the chaos of more fighting between the factions that divide the country and a government driven from the capital. Crude output has reached 925 000 barrels per day (bpd), a spokesperson for...
Sep 26, 2014
Sep 25, 2014
Sep 23, 2014
Sep 23, 2014
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Sep 19, 2014
Article contains comments
Zukie Siyotula, Wandile Mseleku and Govert Rietema.
African investment management firm Thebe Investment Corporation has acquired a 15% stake in Burgan Cape Terminals, which was, last year, awarded a 20-year contract by Transnet National Ports Authority (TNPA) to develop and manage fuel storage and distribution...
Sep 19, 2014
For two years, Italy-based industrial research and development company Sunchem have been working on producing jet fuel using a tobacco crop project in Marble Hall, Limpopo, which has proved to be successful in the small-scale trials, says Sunchem SA MD Joost van...
Sep 19, 2014
Cape Town-based industrial boilers designer and manufacturer John Thompson developed the MicroGen watertube boiler – launched this year – to cater for increasing demand for small, medium-pressure power boilers that are particularly suited to applications in fibrous...
Sep 19, 2014
Development financier the Eastern Cape Development Corporation (ECDC) signed a cooperation agreement with Argentina-based consortium A & G International in July, which will lead to the production of 25 000 ha of soybeans and other grains for biofuels, human...
Sep 19, 2014
Although a fledgling industry, biofuels in South Africa looks promising, owing to the high volumes of waste being produced that need to be managed and South Africa’s electricity constraints, says power technology, systems and solutions, equipment  and aftermarket...
Sep 18, 2014
Article contains comments
Desmond Tutu
Archbishop Emeritus Desmond Tutu on Thursday called on delegates attending the upcoming United Nations climate summit in New York to take the first tangible steps to move humanity beyond the fossil fuel era. "We are on the cusp of a global transition to a new safe...
Sep 17, 2014
Lafarge Africa, Finland's Wartsila and the World Bank's IFC have agreed to build a 220 MW gas-fired power plant in Nigeria to boost electricity supplies, they said on Wednesday. The trio said in a statement their plan was to help fast-track increased power supplies...
Sep 16, 2014
France's Total SA, Europe's second largest oil company, has put one of its offshore Nigerian oilfields up for sale again, the company said, after a 2012 deal with Sinopec Corp failed. Total has hired BNP Paribas to find buyers for its Usan deepwater oilfield located...
Sep 16, 2014
A subsidiary of global engineering and construction company and power equipment supplier Foster Wheeler has been awarded the engineering, procurement and construction management (EPCM) contract for the electrical expansion and fuel gas superheater project aimed at...
Sep 15, 2014
Tanzania has signed an agreement with French oil producer Maurel et Prom and Wentworth Resources for the supply of gas aimed at doubling the country's power generation capacity to 3 000 MW by 2016. Oslo Stock Exchange and London AIM-listed Wentworth Resources said in...
 
 
 
 
Sep 15, 2014
Egypt said on Sunday it expected to receive around $425-million in funding from the Islamic Development Bank to develop an oil refinery in Assiut and an airport in the Red Sea resort of Sharm el-Sheikh. The first agreement is for $198-million earmarked for the...
Sep 12, 2014
Africa-focused investment group Heirs Holdings chairperson Tony Elumelu has outlined the company’s ambition to generate at least one-quarter of Nigeria’s power consumption needs in the next five years, building on its existing energy interests in the country, which...
Sep 12, 2014
The proposed carbon offset trading scheme, currently being considered by National Treasury, has the potential to be aligned to the carbon budgeting approach set out in the National Climate Change Response Paper (NCCRP) if the right foundation is put in place, a...
Sep 12, 2014
The South African Women in Energy Network (Sawien) launched its first annual South African Women in Energy Awards in Gauteng last month to celebrate women and validate their hard work in advancing the energy landscape.
Sep 11, 2014
Egypt has signed a $500-million loan with the World Bank to provide natural gas to Egyptian households, the government said in a statement on Thursday. The loan will help fund a Petroleum Ministry plan to connect 850 000 Egyptians, particularly in largely rural Upper...
Sep 11, 2014
Encouraged by the industrial and tourism potential of Port Elizabeth and driven by its partnership with gas company Air Products, liquefied petroleum gas (LPG) supplier and distributer Reatile Gaz on Thursday officially opened a new LPG depot and cylinder filling...
Sep 11, 2014
Sep 10, 2014
Gas provider African Oxygen (Afrox) has retained its key contract to supply energy group Sasol with compressed gases until December 31, 2020. With the yearly value of compressed gas sales to Sasol currently at R26-million, this five-year contract extension was...
Sep 10, 2014
Independent African upstream oil and gas company SacOil has inked a deal to acquire Cyprus-based exploration and production company Mena International Petroleum (MIP) from Mena International Petroleum Holdings (Mena) – a wholly-owned subsidiary of Toronto-listed Mena...
Sep 09, 2014
Article contains comments
Preliminary economic and technical evaluations of mineral exploration and development company Kibo Mining’s Rukwa Coal to Power project, in Tanzania, have confirmed the Rukwa mine as a suitable fuel source for a 300 MW mine-mouth coal-fired power station. Kibo said...
 
 
 
 
Sep 09, 2014
South Africa wants to resume oil imports from Iran, once its biggest supplier, and hopes to resolve "sanction issues" that have blocked purchases within the next three months, its deputy foreign minister said on Tuesday. South Africa bought around 68 000 barrels of...
Sep 09, 2014
Article contains comments
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 for $5-million within...
Sep 08, 2014
Tanzania's tax authority has scrapped plans to review mining and gas contracts, after its announcement of the move last week rattled investors in the east African country's rich gold and natural gas resources. The Tanzania Revenue Authority (TRA) said last week it...
Sep 08, 2014
Article contains comments
Sep 08, 2014
Australia-based oil and gas-focused engineering and construction company Clough, a subsidiary of Murray & Roberts, on Monday announced that the Clough AMEC joint venture had been awarded the front-end engineering design (FEED) contract for coal seam gas (CSG) company...
Sep 08, 2014
Sep 08, 2014
Oil and gas exploration and production company Camac Energy’s wholly-owned subsidiary Camac Petroleum has entered into a five-year $100-million credit facility to enable it to further expand and develop its Nigerian offshore assets, including the Oyo field, the...
Sep 08, 2014
South Africa's Engen refinery will resume operations later this week after a one-and-a-half month maintenance, a company spokesman said on Monday. The 120 000 barrels-per-day (bpd) refinery in Durban on the east coast of South Africa is shut for routine maintenance...
Sep 08, 2014
David Constable
South African energy and chemicals group Sasol reported a 13% rise in earnings attributable to shareholders to R29.6-billion for the year ended June 30, 2014, despite write-downs of R7.6-billion during the period. The group, which reported an operating profit of...
Sep 05, 2014
Aerosud programme aimed at empowering lower-paid employees To quality as a broad-based black economic empowered (BBBEE) company in terms of the BBBEE Amendment Act, 2013, Aerosud is placing the focus on putting suitable mechanisms in place to enable its lower-paid...
 
 
 
 
Sep 05, 2014
Aerosud, South Africa’s leading aeromechanical parts manufacturer, has restructured its operations as part of a strategy aimed at ensuring continued strong growth. The restructure, put into effect in June, is directed at strategically positioning and financially...
Sep 05, 2014
HIGHLIGHTING OIL INDUSTRY Africa Oil Week will feature recent industry trends and critical issues
A weeklong conference, aimed at uniting and networking between major role-players in the global oil industry, will run from November 3 to 7 at the Cape Town International Convention Centre.
Sep 05, 2014
DRYING OIL The vacuum dehydrator is fully automated, allowing for ‘one-touch’ operation
Contaminated oil stored in a static hydraulic 2 000 ℓ tank was purified completely using wear control company Filter Focus’ vacuum dehydrator.
Sep 05, 2014
DRIVING DEMAND South African diesel vehicle sales have shown positive growth over the past few years
An increasing local demand for diesel vehicles is pushing further development of diesel fuels to become more environment-friendly while increasing engine power, reports petroleum industry company BP.
Sep 05, 2014
INCREASING CAPACITY The facility will help countries around the world meet increasingly strict regulatory requirements and higher performance standards for lubricants
US-based oil refiner Chevron Corporation started commercial production of premium base oils from a newly constructed manufacturing facility at the company’s refinery in Pascagoula, near Mississippi, in July.
 
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