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Jan 30, 2015
The retail price of 95-grade petrol in South Africa will drop by 93c/ℓ or 8.3% from next Wednesday, while wholesale diesel price will decrease by 9.9%, the government said on Friday. Petrol will now cost R10.31 (nearly $1) a litre while the new wholesale diesel price...
Jan 30, 2015
South African generator set (genset) designer and manufacturer Diesel Electric Services (DES), has contracted a permanent, high-pressure gas connection that would allow it to test natural gas-powered engines with greater flexibility. The connection would give DES...
Jan 30, 2015
Commenting in his capacity as chairperson of the Presidential Infrastructure Championing Initiative (PICI), President Jacob Zuma this week provided an update on the progress of several cross-border and regional infastructure projects championed by the heads-of-State...
Jan 30, 2015
Food affordability improved in nearly 75% of countries from September to November 2014, largely owing to a 2.8% decline in global food prices, which are forecast to fall further still. This is according to the results of the Economist Intelligence Unit’s (EIU’s)...
Jan 30, 2015
Ghana's new oilfields are on schedule to start production next year as development has passed the half-way stage, lead operator Tullow Oil said on Thursday. The offshore Tweneboa, Enyenra and Ntomme (TEN) project, which will have a peak production capacity of 80 000...
Jan 30, 2015
US energy firm Chevron will shut down its 100 000 bl/d South African oil refinery in Cape Town from February 13 to March 31 for routine maintenance and safety inspections, the company said on Friday. "Chevron has made contingency plans to mitigate potential...
Jan 30, 2015
EXPLORATION Much research is being conducted in South Africa to establish a gas policy, including a Gas Utilisation Master Plan
The South African gas sector is likely to see an increase in mergers and acquisitions among gas producers in 2015, especially during the early part of the year, as the industry adjusts to deal with the effects of the dropping oil price, says North-West University...
Jan 30, 2015
TESTING WATERS Farmers situated next to officially identified hydraulic fracturing, or fracking, operations need to conduct baseline analysis of their drinking water before fracking starts
Nonprofit organisation for cancer prevention the Cancer Association of South Africa (CANSA) has advised farmers situated next to officially identified hydraulic fracturing, or fracking, operations in the Karoo, in the Eastern Cape, to finance professional baseline...
Jan 30, 2015
Jan 30, 2015
Jan 30, 2015
Jan 30, 2015
 
 
 
Jan 30, 2015
IMRAAN PATEL Using hydrogen as an energy carrier, combined with fuel cell technology, has attracted considerable interest from government, international bodies and commercial companies worldwide
As part of government's response to the global challenge of energy security, its hydrogen and fuel cell technologies programme - Hydrogen South Africa (HySA) - and the Council for Scientific and Industrial Research’s (CSIR’s) Batteries Research Centre, aim to develop...
Jan 30, 2015
GAS PRODUCT The gas industry produces industrial products, like gas condensates and urea fertiliser, which increase the investment return and attractiveness of gas projects
The once-promising notion that gas was soon to become a game- changer in Africa seems unlikely to happen in the near future, owing to the negative impact of the low oil price on the industry, says growth consulting firm Frost & Sullivan. “A preliminary assessment of...
Jan 30, 2015
CHANGE IS IMMINENT The Minerals and Petroleum Resources Development Act amendments will have a significant effect on South Africa’s oil and gas industry
South Africa is regarded as having significant potential as a bankable oil and gas investment destination, with leading hydrocarbon majors and independents, including oil giants Exxon Mobil, Shell, Eni, Total, Anadarko and Chevron, already in the country,” says...
Jan 30, 2015
SHALE ROCK DRILLING, TEXAS Hydraulic fracturing, which is now prominent in South Africa, is expected to start within 12 to 18 months
The possibility of successful gas projects will depend on the emergence of willing investors to fund the costs of exploratory drilling.  An increase in appetite from private investors could encourage an increase in private participation in the South African gas...
Jan 30, 2015
Considering culture differences is critical when trying to localise company machine tools and company divisions to suite different regions, states engineering and machine tools manufacturer Fatek marketing manager Matt Yen.
Jan 29, 2015
Foreign direct investment (FDI) inflows to Africa fell by 3% to around $55-billion in 2014, amid an 8% fall in global inflows to an estimated $1.26-trillion, from $1.36-trillion in 2013. In its Global Investment Trends Monitor, the United Nations Conference on Trade...
Jan 29, 2015
Jan 29, 2015
Law firm Norton Rose Fulbright South Africa director Lizel Oberholzer says the referral back to the National Assembly of the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill, may potentially result in changes, unrelated to the substantive...
Jan 29, 2015
Article contains comments
Angola's oil-dependent economy is set to slow this year, key infrastructure projects will be shelved and swathes of social spending are facing the chop as a global crude price slump takes its toll on Africa's second-biggest producer. Angola's cabinet last week sent a...
Jan 29, 2015
Oil producer Soco International has reduced its 2015 capital expenditure budget by more than 60% versus last year and will focus on projects in Vietnam and Africa, the company said. It also cut its production guidance for this year to reflect weaker output from some...
 
 
 
 
Jan 28, 2015
Thabo Kgogo
Dual-listed oil and gas company SacOil has completed Phase 1 of the field development operations at the Lagia oilfield in Sinai, Egypt. The South African-based independent company, through its subsidiary Mena International Petroleum Company, also completed hydraulic...
Jan 28, 2015
Article contains comments
Energy and chemicals group Sasol will delay making a final investment decision on a proposed 96 000 bl/d gas-to-liquids (GTL) plant in the US state of Louisiana, as the group announces plans to cut costs in response to lower international oil prices. Sasol on...
Jan 28, 2015
Yinson Holdings, Malaysia's oil and gas services firm, said on Wednesday it secured a $2.54-billion floating production, storage and offloading (FPSO) vessel charter contract for oil and gas support operations in Ghana. Yinson said it won the contract, for a firm...
Jan 27, 2015
Article contains comments
Port of Saldanha
The establishment of a customs control area (CCA), or free port, within the newly designated Saldanha Bay Industrial Development Zone (SBIDZ) is being held up as a major drawcard for potential oil and gas services investors into the 330 ha site, situated alongside...
Jan 26, 2015
Article contains comments
Tenders are being prepared for two major oil-services infrastructure projects, collectively valued at around R10-billion, for the deep-water Port of Saldanha, on South Africa’s west coast. The developments are being packaged as build, own, operate and transfer...
Jan 26, 2015
Tanzania's Energy and Minerals Minister Sospeter Muhongo resigned on Saturday amid a graft scandal that has rocked the gas-rich country and led Western donors to delay aid, though he called himself "incorruptible" and denied wrongdoing. Muhongo became the third...
Jan 23, 2015
The risk of load shedding would be heightened next month as State-owned power utility Eskom takes half of the Koeberg power station’s capacity off line for general maintenance. An Eskom spokesperson told Engineering News Online on Friday that, while the grid was...
Jan 23, 2015
UN climate chief Christiana Figueres
The current low oil price is both good and bad for the renewable energy sector, United Nations (UN) climate chief Christiana Figueres said on Thursday at the World Economic Forum in Davos, Switzerland. Crude oil prices have fallen by around 60% since June, triggered...
Jan 23, 2015
MASS ADOPTION SolarPlus’s goal is to implement its systems at 200 000 homes within a ten-year period
As part of its aim to become a renewable-energy utility, solar energy solutions provider SolarPlus Energy Investments has launched the SolarPlus residential long-term solution, a complete solar water heating (SWH) system installed free and provided at a fixed monthly...
Jan 23, 2015
SUSTAINABLE SUPPLY The facility comprises 2 000 solar panels covering a surface area of 4 000 m2 and produces approximately 843 MWh/y
Property group Hyprop Investments launched a new solar photovoltaic (PV) system, valued at about R8-million, at its Clearwater Mall, in Gauteng, in December. “Clearwater Mall is the first property of Hyprop to which we applied a solar PV system of this magnitude,”...
 
 
 
 
Jan 23, 2015
Jan 23, 2015
UNTAPPED POTENTIAL There is significant scope to look at the localisation of the total solar supply chain
Although there are a number of solar energy projects supplying State-owned power utility Eskom and the economy with energy, including a number still under implementation and development, the industry is still in an embryonic state, explains professional services firm...
Jan 23, 2015
AGGRESSIVE TAKE-OFF Powermode’s average monthly installations have increased from about seven to more than 15 installations, for this month
Since power protection and management solutions provider Powermode forecast a significant demand increase for solar photovoltaic (PV) rooftop solutions for local industry in August last year, the company registered “serious” growth in the solar PV market. “Powermode...
Jan 23, 2015
POPULAR DEMAND The Victron EasySolar 1600 solution generates sufficient power to run the critical components of a home for up to 48 hours
Alternate energy products distributor Enerjetic expects a 30% to 35% increase in demand for the Nobel solar water heater  (SWH) and Victron Energy photovoltaic (PV) solutions this year, as a result of unstable electricity supply significantly driving solar energy...
Jan 23, 2015
TECHNICAL NECESSITY Professional technical partners can provide advisory services for solar projects to reduce technical, quality and contractual issues
Common problems faced by local solar photovoltaic (PV) projects and Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) projects, such as technical and contractual issues, can easily be resolved through the assistance of technical advisory...
Jan 22, 2015
Article contains comments
Opec defended on Wednesday its decision not to intervene to halt the oil price collapse, shrugging off warnings by top energy firms that the cartel's policy could lead to a huge supply shortage as investments dry up. The strain the halving of oil prices since June is...
Jan 21, 2015
Article contains comments
South Africa’s energy crisis will be thrust into a “broader spotlight” as global energy leaders meet at the Africa Energy Indaba from  February 17 to 18, in Sandton, to discuss the continent’s energy future. The country was under mounting pressure to attract...
Jan 20, 2015
WEC secretary general Christoph Frei
Energy and commodity price volatility and uncertainty remained at the top of the list of concerns confronting global and African energy leaders canvassed for the World Energy Council’s (WEC’s) 2015 World Energy Issues Monitor. More than 1 000 energy executives and...
Jan 20, 2015
Article contains comments
Financially strained State-owned power utility Eskom has scrapped much criticised plans to send three executives to the World Economic Forum’s (WEF’s) 2015 meeting in Switzerland this week. The utility said its executives would no longer attend the yearly Davos...
Jan 19, 2015
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
 
 
 
 
Jan 16, 2015
President Jacob Zuma
President Jacob Zuma has referred the Mineral And Petroleum Resources Development Act (MPRDA) Amendment Bill back to The National Assembly on Friday. The President was of the view that the Bill, which was passed by Parliament last year and referred to Zuma for assent...
Jan 16, 2015
Global oil and gas group Shell has opened a gas-to-liquid (GTL) base-oil hub, in Jebel Ali, in the United Arab Emirates, which it believes will accelerate the distribution of GTL to end-users, enabling the base oil to be quickly manufactured into finished products....
Jan 16, 2015
Ghana's government is reviewing its 2015 budget estimates given a fall in the global crude oil price, which could have a negative impact on the current account balance and foreign exchange reserves, Finance Minister Seth Terkper said on Friday. The West African...
Jan 15, 2015
Following the fulfilment of the conditions precedent to its debt financing agreements, Cenpower has reached financial close on the $900-million financing required for the construction and development of its Kpone independent power producer (IPP) project, in Ghana....
Jan 15, 2015
Africa-focused oil and gas explorer Tullow Oil has written off $2.3-billion in relation to exploration work and some of its assets in 2014 and reduced its 2015 investment programme for a second time, the company said on Thursday. The London-listed company, which is...
 
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