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Energy News

Gambia presidency says blocks claimed by African Petroleum open for bids

By: Reuters     21st August 2017 African Petroleum's rights to explore in two offshore Gambian oil blocks have expired and are currently "open for licensing", presidential spokeswoman Amie Bojang said on Monday. The Oslo-listed firm's CEO met with President Adama Barrow last month after oil officials in the West African nation... 

Infrastructure initiative garners support from nine African presidents

By: Natasha Odendaal     21st August 2017 Spearheaded by South Africa’s President Jacob Zuma, the Presidential Infrastructure Champion Initiative (PICI), aimed at accelerating regional trade and unlocking the economic potential of the continent, now has nine African presidents on board, with ten projects in the spotlight as Africa... 

Infrastructure initiative garners support from nine African presidents

Sasol review may result in sale or closure of assets, but no ‘fire sale’ 

By: Terence Creamer     21st August 2017 Chemicals and energy group Sasol has announced that an asset-review process is under way that could result in the sale, closure or growth of certain assets. However, the JSE-listed company has also stressed that there will be no “fire sale”. Joint president and CEO Bongani Nqwababa reports that... 

Sasol review may result in sale or closure of assets, but no ‘fire sale’
Sasol joint president and CEO Bongani Nqwababa speaks to Terence Creamer about the group's results, asset review, tax shock and strategic outlook. Camera Work & Editing: Nicholas Boyd & Duane Daws. Recorded: 21.8.2017

Sasol turns to courts after Sars slaps it with tax bills worth R12.8bn 

By: Terence Creamer     21st August 2017 JSE-listed energy and chemicals group Sasol will approach the Supreme Court of Appeal (SCA) to resolve a tax dispute with the South African Revenue Service (Sars), which has slapped it with assessments for outstanding tax liabilities and penalties worth R12.8-billion. The company made a... 

Sasol turns to courts after Sars slaps it with tax bills worth R12.8bn
Sasol CFO Paul Victor on the group's tax dispute with the South African Revenue Service. Camera Work & Editing: Nicholas Boyd. Recorded: 21.8.2017

Sasol FY earnings fall 15%

By: Reuters     21st August 2017 South African petro-chemicals group Sasol reported a 15% drop in full-year headline earnings on Monday, hit by a stronger rand, a provision for tax litigation and labour action. Headline earnings per share (HEPS), the main profit gauge in South Africa which strips out certain one-off items, fell... 

Sasol FY earnings fall 15%

Afrox anticipates higher interim earnings

By: Anine Kilian     18th August 2017 Higher sales volumes and improved operational efficiencies have contributed to an expected 20% to 32% year-on-year rise in JSE-listed Afrox’s earnings per share (EPS) for the six months to June 30. EPS are likely to be between 93c and 103c, compared with 77.8c in the first six months of 2016. 

African conference strives to boost bioenergy industries

     18th August 2017 Global conference organiser Centre for Management Technology (CMT) notes that its Biomass Trade & Bioenergy Africa conference will be held at the Radisson Blu Hotel in Sandton on September 28 and 29. CMT hopes that the conference will further development of the African biomass and bioenergy... 

African conference  strives to boost  bioenergy industries
GORGE FARM The commercial vegetable farm in Naivasha, Kenya, hosts a biogas plant as part of a larger renewable energy project - the Gorge Farm Energy Park

Biofuels company launches franchise solution

     18th August 2017 Cape Town-based biofuel company Biogreen Diesel will start franchising its ‘Biodiesel & Research model’, to aid in the expansion of the industry and simultaneously increase awareness of biofuels in the region. The company, having made the announcement in June on its website, says it felt it had... 

Biofuels company launches franchise solution
Photo by Bloomberg
GREASY GOODNESS Biogreen Diesel uses a locally developed jet reactor, to convert waste oil into an environment-friendly fuel that can be blended with, or substituted for, diesel

Carbon capture tech will recycle ferroalloys sector’s emissions

     18th August 2017 South African green-technology company Swayana is collaborating with US-based carbon recycling company LanzaTech to introduce its proprietary carbon capture technology to South Africa. Swayana, a level 2 broad-based black economic-empowerment company established in 2016, uses carbon-footprint... 

Carbon capture tech will recycle ferroalloys sector’s emissions
IMMITATION GAME LanzaTech’s Chinese facility will produce fuel grade ethanol from captured steelmaking off-gas and Swayana hopes to implement this strategy in South Africa

Organisation lobbies government to kick-start biogas market

By: Nadine James     18th August 2017 The Southern African Biogas Industry Association (Sabia) is liaising with national government departments to create an enabling environment for the biogas industry, thereby establishing a viable biogas market. Sabia chairperson Jason Gifford explains that the organisation’s working groups are in... 

Organisation lobbies  government to kick-start  biogas market
AGRICULTURAL BENEFITS A booming biogas industry will create jobs and ensure greater job security within the agricultural sector

Still much uncertainty as LPG stakeholders grapple with market inquiry findings

By: Mia Breytenbach     18th August 2017 In the findings and recommendations of the first-ever market inquiry into the local liquefied petroleum gas (LPG) industry, the Competition Commission urges public and private organisations to improve performance in the sector, yet much uncertainty remains in the wake of the report’s publication.... 

Still much uncertainty as LPG stakeholders grapple with market inquiry findings

Wind body aims to use mentoring scheme to support gender transformation

By: Mia Breytenbach     18th August 2017 The South African Wind Energy Association (Sawea) has launched a programme to connect leading women in the energy sector with senior students at South African universities and young professionals currently entering the energy sector. The WindAc Africa Mentoring Programme seeks to promote the... 

Wind body aims to use mentoring scheme to support gender transformation
GROWING ENERGY The WindAc Africa Mentoring Programme moves to specifically grow future energy leaders within the wind sector

Industrial gas supplier showcases commitment to craft beer market 

     17th August 2017 Industrial gas supplier Air Products hosted media at Johannesburg-based restaurant and microbrewery Mad Giant in June, where it showcased its support for South Africa’s bourgeoning craft beer industry. David Oliveira tells us more. 

Industrial gas supplier showcases commitment to craft beer market
Industrial gas supplier showcases commitment to craft beer market

Erin Energy starts drilling at Oyo-9 well

By: Creamer Media Reporter      14th August 2017 Oil and gas exploration and production company Erin Energy Corporation has started drilling of the Oyo-9 well, offshore Nigeria. The well is being drilled with the Pacific Bora sixth-generation drilling rig and is expected to take about 62 days to complete. 

Egypt to reduce imports of LNG to 80 cargoes in 2017/18 year

By: Reuters     14th August 2017 Egypt is planning to import 80 cargoes of liquefied natural gas during the 2017/18 financial year that began in July, Petroleum Minister Tarek El Molla told Reuters on Sunday, down from the 118 cargoes imported last year. Egypt has been trying to speed up the development of recent gas discoveries... 

Britain's Tullow launches oil, gas exploration in Zambia

By: Reuters     11th August 2017 British company Tullow Oil on Friday started exploring for oil and gas in Zambia, Africa's No.2 copper producer, as the country pushes to diversify its economy and reduce its reliance on the industrial metal. Copper mining earns Zambia more than 70% of its foreign exchange but the southern... 

Eni, Anadarko to build LNG terminals in Mozambique

By: Reuters     11th August 2017 Italy's Eni and US oil and gas firm Anadarko signed agreements with the Mozambique government on Thursday to build two liquefied natural gas terminals in the southern African country. The terminals will be built in Cabo Delgado province, where Mozambique has made massive gas discoveries that... 

Local manufacturer looks to bridge skills gap

By: Nadine James     11th August 2017 Sealing products manufacturer Klinger Mzansi has opened its training academy, which offers a learnership programme, joint integrity training as well as an introductory course on all of the company’s products. Klinger sales and marketing director Phillip Herbst notes that the academy opened on... 

Local manufacturer looks to bridge skills gap
KLINGER TRAINING ACADEMY The trainees have access to a fully equipped workshop, and gain both practical and theoretical knowledge

Rust-prevention sealing system ideal for corrosive environments

By: Nadine James     11th August 2017 Engineering components manufacturer Bearing Man Group’s (BMG’s) range of sealing products includes the Rust-Anode cold galvanisation system, designed for rust prevention in diverse industries, says BMG seals business unit manager Marc Gravett. He explains that Rust-Anode is the first active cold... 

Rust-prevention  sealing system ideal for corrosive environments
MULTIPURPOSE PRODUCT Rust-Anode is perfect for applications where an anti-corrosion seal would be beneficial

TITAN vacuum furnace purchased to support aerospace industry

     11th August 2017 With a focus on pursuing additional market sectors, such as the aerospace industry, last month, heat-treating company Diamond Heat Treat purchased a TITAN H6 vacuum furnace with six-bar gas quenching to expand its capabilities. The TITAN H6 vacuum furnace is one of industrial vacuum and... 

TITAN vacuum furnace purchased to support aerospace industry
Photo by Bloomberg
PURSUING INDUSTRIES Diamond Heat Treat will use the TITAN vacuum furnace to pursue the aerospace industry

Macozoma concerned South Africa may miss out on big electric-vehicle opportunity 

By: Terence Creamer     8th August 2017 Leading business personality Saki Macozoma has expressed concern that South Africa is not fully aligning its economic and industrialisation plans to areas of future demand, including in the area of electric vehicles (EVs). Speaking at the launch of a new book authored by political commentator... 

Macozoma concerned South Africa may miss out on big electric-vehicle opportunity
Photo by Duane Daws
Saki Macozoma

Trump administration's Africa policy in focus at Agoa trade talks

By: Reuters     8th August 2017 With the Trump administration's trade agenda focused on reining in China and renegotiating the North American Free Trade Agreement, Africa has barely appeared on the radar screen. That could change this week as President Donald Trump's top trade negotiator and other senior US officials head to... 

Nigeria to permanently seize former oil minister's $37.5m property

By: Reuters     8th August 2017 Nigeria has been told by a court it can permanently seize a $37.5-million apartment block owned by a former oil minister who is wanted for money laundering. The property belongs to former petroleum minister Diezani Alison-Madueke, who was in office between 2011 and 2015. It had previously been... 

Sunrise Energy's R1bn LPG storage facility to boost energy security, downstream competition

By: Anine Kilian     7th August 2017 Sunrise Energy's R1.02-billion open-access liquefied petroleum gas (LPG) import and storage terminal, in Saldanha Bay, in the Western Cape, will enable the import of LPG in large quantities, boosting regional energy security and increasing downstream competition. The facility, which is Africa's... 

Sunrise Energy's R1bn LPG storage facility to boost energy security, downstream competition

Uganda, Tanzania start work on construction of $3.5bn oil pipeline

By: Reuters     7th August 2017 The leaders of Tanzania and Uganda laid a foundation stone on Saturday for the construction of a $3.55-billion-crude export pipeline that would pump Ugandan oil for international markets. The 1,445 km-project - set for completion by 2020 - will stretch from landlocked Uganda's western region,... 

Gunvor offers Equatorial Guinea funding help in bid for LNG

By: Reuters     4th August 2017 Gunvor has offered to help Equatorial Guinea with financing as the Swiss commodity trader looks to edge out rivals bidding for supply from Africa's first deepwater floating liquefied natural gas (FLNG) plant. Gunvor, Vitol and Royal Dutch Shell have been shortlisted for an LNG off-take deal from... 

Legal and policy certainty required if gas economy is to be realised

By: Mia Breytenbach     4th August 2017 Key factors that will influence the establishment of a gas economy in South Africa include the passing of the amended Mineral and Petroleum Resources Development Act (MPRDA) and greater clarity regarding the expected and stated imports of liquefied natural gas (LNG), says South African Oil and... 

Legal and policy certainty required if gas economy is to be realised
Photo by Reuters
INDUSTRIAL ROLEMODEL Liquefied petroleum gas industry could play a strategic role in the establishment of a gas economy as key lessons can be learnt from this industry 

Nigeria's State oil company signs deals with Chevron, Shell

By: Reuters     3rd August 2017 Nigeria's state oil company said on Thursday it had signed agreements with Chevron and Shell to boost crude production and reserves. The Nigerian National Petroleum Corporation (NNPC) said a joint venture agreement with Chevron Nigeria Limited would see the development of proven and probable... 

BP's West Africa partner Kosmos to list in London by end-September

By: Reuters     2nd August 2017 Kosmos Energy, which is exploring for gas offshore Senegal and Mauritania with oil major BP, will list on the LSE by the end of September in a bid to attract more European investors, it said on Wednesday. Kosmos, which has been listed in New York since 2011, announced a major gas find in... 

Zambia’s offgrid homes to be equipped with pay-to-own solar home systems

By: Natasha Odendaal     2nd August 2017 Energy and financial services firm Fenix International is working to deploy pay-to-own solar home systems in Zambia leveraging telecommunications giant MTN’s mobile money platform. In partnership with the Swedish Embassy in Zambia, which committed nearly $3-million to the project up to 2020,... 

Localisation in infrastructure development in SADC critical for industrialisation

By: Anine Kilian     1st August 2017 Localisation in infrastructure development across the Southern African Development Community (SADC) region is critical for industrialisation, according to African Integration and Industry chief director Nigel Gwynne-Evans, who spoke at the SADC Industrialisation Week in Johannesburg on Tuesday.... 

DBSA committed to funding infrastructure projects throughout SADC

By: Anine Kilian     1st August 2017 With low levels of electrification hindering economic growth and development in sub-Saharan Africa – where 78% of the population is reliant on biomass as their main energy source – $57-trillion will be required until 2030 to fund the continent’s infrastructure and energy projects, according to... 

Collaboration key to developing gas projects in SADC region 

By: Anine Kilian     1st August 2017 The successful execution and implementation of energy projects in the Southern African Development Community (SADC) region, such as the Mozambique–South Africa gas pipeline project, depends on adequate collaboration between SADC member states and the owner-operators of the project, according to... 

Kubayi refutes CEF board suspension report 

By: Creamer Media Reporter      1st August 2017 Energy Minister Mmamoloko Kubayi on Tuesday refuted a media report stating that she had suspended the Central Energy Fund (CEF) board. The Minister confirmed, however, that board members had been handed letters in July 26 requesting “an explanation on concerns”. No details were provided, however,... 

Kubayi refutes CEF board suspension report
Energy Minister Mmamoloko Kubayi

Aveng ends talks to sell steel arm, settles QCLNG project dispute

By: Reuters     31st July 2017 South African construction group Aveng said on Monday it has ended talks on the sale of its Aveng Trident Steel business due to a failure to reach agreement on price. Work for South Africa's construction industry has slowed sharply as government contracts stall and weak commodity prices hit... 

Halliburton to pay $29.2m to settle US charges tied to Angola

By: Reuters     28th July 2017 Oil giant Halliburton Co will pay $29.2-million to settle civil charges it violated federal anti-bribery rules related to books, record-keeping and internal accounting controls while doing business in Angola, US regulators said Thursday. The Securities and Exchange Commission said Halliburton's... 

AfDB in $2bn project finance pact

By: Mia Breytenbach     28th July 2017 The African Development Bank (AfDB) and the Islamic Development Bank (IsDB) have signed a landmark agreement to strengthen their partnership at country level and jointly contribute to $2-billion over the next three years to finance projects in agriculture, food security, renewable energy, small... 

AfDB in $2bn project finance pact
Photo by Duane Daws
JOINT CONTRIBUTION The banks’ contribution will finance projects in areas, such as agriculture, food security, renewable energy, small and medium enterprises and human development
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