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Mar 03, 2015
Mar 03, 2015
Oil prices would probably need to rise to about $75 to $85 a barrel from around $60 currently for Tullow Oil and Africa Oil to go ahead with their Kenyan project, the chief executive of Africa Oil said. CEO Keith Hill told the Reuters Africa Investment Summit he was...
Mar 02, 2015
Unconventional gas explorer Challenger Energy expects to hear by the third or second quarter of this year whether its subsidiary, Bundu Gas and Oil Exploration, will be allowed to explore for shale gas in South Africa’s Karoo basin. The ASX-listed company confirmed...
Mar 02, 2015
Subscribe to Engineering News and Mining Weekly for two years, but only pay for the first year.  The weekly editions of Engineering News and Mining Weekly will be posted to your preferred postal address and also gain access to:
Feb 27, 2015
Eskom power stations
While State-owned power utility Eskom was unable to cut off electricity supply to some of its neighbouring trade partners, it was able to reduce energy exports by 10% when load shedding was implemented locally. The Department of Public Enterprise explained that Eskom...
Feb 27, 2015
Article contains comments
Gas has the potential to account for more than 40% of the electricity generated in sub-Saharan Africa (SSA) from 2020 onwards, a new report by McKinsey & Company shows, adding that, by 2040, gas-fired capacity could be responsible for more than 700 terawatt-hours in...
Feb 27, 2015
OFF-SHORE GAS The CCCI is encouraging industrial clients to incorporate liquid natural gas infrastructure for industrial-scale power generation in the Western Cape
Industrial forum the Cape Chamber of Commerce and Industry (CCCI) is working closely with provincial and city representatives to incorporate liquid natural gas (LNG) infrastructure for industrial-scale power generation in the Western Cape.
Feb 26, 2015
Clough CEO Kevin Gallagher
Engineering and construction group Murray & Roberts (M&R) has signalled its intention to accelerate the internationalisation of its Australia-based oil and gas unit, Clough – a strategy underpinned by a dramatic tapering off of greenfield liquefied natural gas (LNG)...
Feb 26, 2015
Feb 26, 2015
Feb 26, 2015
Article contains comments
Feb 25, 2015
 
 
 
Feb 25, 2015
Article contains comments
Petrochemicals group Sasol has signed a long-term agreement with French multinational Air Liquide for the supply of large quantities of industrial gases to Sasol Secunda. The deal would see Air Liquide invest about €200-million on the construction of what it says is...
Feb 25, 2015
Uganda is offering six petroleum blocks in its first competitive licensing round for oil exploration in the Albertine Graben area, a region where oil has already been discovered, the Energy and Mineral Development Ministry said on Tuesday. Investor interest in the...
Feb 23, 2015
Moderate growth across all Wilson Bayly Holmes-Ovcon (WBHO) business segments has resulted in an 11%, or R14.7-billion, increase in revenue from continuing operations in the six months ended December 31, the JSE-listed construction company reported on Monday. The...
Feb 20, 2015
Article contains comments
IPP Office head Karen Breytenbach
The South African government's Independent Power Producer (IPP) Office will release a request for information (RFI) in March for possible domestic gas-to-power projects, as a precursor to a possible 3 000 MW tender that should arise before year-end. IPP Office head...
Feb 20, 2015
Article contains comments
Koeberg nuclear station
A judgment on the ongoing battle between parastatal Eskom and Toshiba’s Westinghouse Electric Company over a R4.3-billion steam generator contract was imminent, as High Court Judge Zeenat Carelse deliberated over the arguments presented during a three-day hearing...
Feb 20, 2015
Experts have suggested that government deploy an independent task team that will consider alternative energy-saving methods, such as switching to daylight saving in South Africa, to mitigate the disruption caused by the current load-shedding system implemented by...
Feb 20, 2015
JOE ANDREW, NOOR KAPDI AND ELLIOTT PORTNOY Dentons will create jobs, support a transformation in the legal services industry and transfer an international skill-set that can contribute towards the local economy
Global law firm Dentons is opening its second office in South Africa and makes Dentons the first global law firm to be broad-based black economic-empowerment level 1 qualified in South Africa. “Our expansion in South Africa underscores our commitment to bring clients...
Feb 19, 2015
Article contains comments
Africa had the potential to be one of the biggest providers of energy in the world, but was still seen as a “good for nothing” continent, particularly with regard to US investment, World Energy Council (WEC) Africa vice-chairperson Bonang Mohale said on Wednesday....
Feb 19, 2015
Italy's Eni expects to make a final investment decision (FID) on its Mozambique floating liquefied natural gas (LNG) project by around the middle of 2015, CFO Massimo Mondazzi said on Wednesday. "Coral will be one of the major FIDs this year," he added, referring to...
Feb 18, 2015
Petrochemicals group Sasol has amended its “progressive” dividend policy, which sees dividends improved or maintained in line with the company’s earnings, in light of a low oil price environment and current macroeconomic conditions. “The revised policy is based on a...
 
 
 
 
Feb 17, 2015
Article contains comments
A preliminary report by the World Wide Fund for Nature-South Africa (WWF-SA) has described shale gas as a marginal resource that remains reliant on a high gas or oil price and reasonable tax incentives, and may not provide as “cheap” a source of domestic energy as...
Feb 17, 2015
Oil and gas explorers have to rethink their capital expenditure (capex) budgets on exploration activity across the African continent in the wake of the significant drop in the global oil price, advisory firm PwC said on Tuesday. “Oil and gas explorers will be...
Feb 17, 2015
Algeria plans to double its petrol and diesel output when three new oil refineries start production in 2018, the head of refining department at state energy firm Sonatrach said on Monday. "We are currently producing nine-million tonnes of diesel and four-million...
Feb 16, 2015
Egypt has agreed preliminary deals with Kuwaiti companies for the establishment of petrochemical projects worth $6.8-billion, the government said on Sunday. Prime Minister Ibrahim Mahlab signed memorandums of understanding with Kuwaiti companies involving projects...
Feb 13, 2015
The World Bank has set aside more than $1-billion in risk financing to back the use of flared gas from oil fields across Africa to generate power, a senior official said on Friday. About two thirds of people do not have electricity in sub-Saharan Africa and the...
Feb 13, 2015
CONTINENT-WIDE COOPERATION African energy leaders need to discuss the implications of low oil prices on gas developments and on the diversity of the continent’s energy mix
Organisers of the 2015 Africa Energy Indaba expect more than 2 000 visitors to attend the conference, a 20% increase, compared with the attendance figures of last year’s event, which, in turn, registered a year-on-year increase in attendance of 23% from 2013 to 2014.
Feb 13, 2015
Oil prices can bounce back to $65, $70 a barrel, with the price already strengthening in February to above $50 a barrel, says Econometrix director and chief economist Dr Azar Jammine. He says collapsing oil prices have seen the cost of domestic fuel come down by...
Feb 12, 2015
Kenya's state-run National Oil Corporation will raise $2 billion to take stakes in oil blocks on behalf of the government once they near commercial production, it said on Wednesday. Kenya estimates its crude oil reserves to be about 1 billion barrels and the...
Feb 11, 2015
Global CEO Jean-Pascal Tricoire
Global energy management and automation specialist Schneider Electric says its newly inaugurated factory and office campus in Midrand, north of Johannesburg, has positioned it for both growth in the region and to meet the South African government’s growing demand for...
Feb 10, 2015
South Africa’s electricity shortages are likely to lop a full percentage point off the country’s 2015 gross domestic product (GDP) growth. But Standard Bank chief economist Goolam Ballim expects lower fuel prices will help stimulate household spending during the...
 
 
 
 
Feb 10, 2015
Cameroon's finance ministry will seek to raise $1.5-billion from banks to refinance the state refinery and fund other development projects, according to two presidential decrees seen by Reuters on Monday. The decrees, signed by President Paul Biya, authorise the...
Feb 10, 2015
Burgan Cape Terminals’ development and construction of an independently owned and operated liquid fuels storage and distribution facility in the Port of Cape Town has been deemed a strategic Operation Phakisa project. Operation Phakisa, officially launched in October...
Feb 09, 2015
To further “optimise its top management structure”, JSE-listed Sasol has appointed Bongani Nqwababa its new CFO, while sustainability and human resources portfolio executive director Nolitha Fakude will be directly accountable for the strategy and sustainability...
Feb 06, 2015
Article contains comments
JSE-listed Sasol expects to report an increase of between 3% and 9% in headline earnings per share (HEPS) and an increase of between 51% and 57% in earnings per share (EPS) for the six months ended December 31. Excluding the impact of notable one-off items, net...
Feb 06, 2015
Nigeria's state oil company said on Thursday that a forensic audit conducted by PriceWaterhouseCoopers has cleared it of the allegation that it failed to remit $20-billion owed to the state. President Goodluck Jonathan ordered an audit of the national energy company...
Feb 06, 2015
The heat generated during copper production extraction processes can be harnessed and transferred back into the system using heat exchangers, resulting in significant energy savings and unparalleled yield, says evaporative water cooling specialist Industrial Water...
Feb 06, 2015
ON-SITE OIL REMEDIATION Ergofito Aqua organically turns oil deposits on land and water into organic matter by attacking hydrocarbons and converting them into humus
The Ergofito Aqua oil remediator, manufactured locally by Cape Town-based bioproducts company Ergofito, is selling better internationally than it is locally, the company tells Engineering News.
Feb 06, 2015
Integrated energy and chemical company Sasol is building its new corporate office in Sandton that is designed to replicate the company’s logo and is scheduled for completion in 2016.
Feb 06, 2015
PAYING THE COSTS Shell has agreed to pay an out-of-court settlement of £55-million to compensate a Niger Delta community for two oil spills that occurred in 2008
Oil giant Shell early last month agreed to pay an out-of-court settlement of £55-million to compensate a Niger Delta community for two oil spills that occurred in August and December 2008, destroying thousands of livelihoods in the Bodo area, in the south of Nigeria.
Feb 05, 2015
 
 
 
 
Feb 05, 2015
Delays in the development of potential oil and gas projects owing to the sharp downturn in oil and gas prices could potentially lead to a cutback in reforms and regulatory processes and cause the urgency to create an attractive investment destination for oil and gas...
Feb 05, 2015
Article contains comments
Shortly after having taken the reins of the national solar water heater (SWH) programme from State-owned power utility Eskom, the Department of Energy (DoE) on Thursday announced its plans to revitalise the stalled industry. Eskom exited the SWH rebate programme,...
Feb 05, 2015
Nigeria has more than halved capital expenditure to less than 10% of 2015 spending, axing badly needed infrastructure investment due to the collapse in the price of oil, the country's main source of revenue, according to the full budget submitted to parliament. Even...
Feb 03, 2015
South African energy and chemicals group Sasol insists that it has “stress tested” the $8.9-billion ethane cracker and derivatives complex it is currently building in the US against a number of parameters and that the project’s economics remain “robust, even under...
Feb 02, 2015
Construction company Group Five expects its headline earnings per share (HEPS) for the six months ended December 31 to be between 40% and 50% lower than the comparative period the year before, owing to a disappointing performance from its engineering and construction...
 
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