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Apr 26, 2016
The World Bank does not expect the recent rise in platinum prices to be sustained for the full year, with its latest ‘Commodity Markets Outlook’ report forecasting a 10% year-on-year price decline in 2016. The report, released on April 26, notes that precious metals...
Apr 25, 2016
Securing its first project in Tanzania, privately owned gas-driven power plant specialist Clarke Energy has won a contract to supply one of GE’s high-efficiency Jenbacher gas engines to Bakhresa Group flagship company Said Salim Bakhresa for a combined heat and power...
Apr 25, 2016
President Jacob Zuma
South Africa is a reliable partner committed to an equitable economic partnership with Iran on a win-win basis, President Jacob Zuma said on Sunday. South Africa had categorically condemned the imposition of unilateral sanctions against Iran and applauded the recent...
Apr 22, 2016
SacOil CEO Thabo Kgogo
JSE- and Aim-listed oil and gas company SacOil and Nigerian oil firm Energy Equity Resources (EER) have signed of a memorandum of understanding to explore oil and gas opportunities in Nigeria. SacOil announced on Friday that it had officiated the planned joint...
Apr 22, 2016
Royal Dutch Shell is working on selling out of its onshore assets in Gabon, according to two sources familiar with the matter, seeking to refocus its African presence. Bids are due in June for the fields, which one source estimated could be worth around $700-million....
Apr 22, 2016
INVESTMENT NEED Mozambique is in the process of revitalising its economy, focusing on priority areas, such as agriculture, energy and infrastructure
The African Development Bank Group (AfDB) has affirmed its commitment to continue supporting the growing Mozambique economy, particularly regarding the country’s energy, agriculture and infrastructure sectors. Leading a team of senior staff to Maputo earlier this...
Apr 22, 2016
Electrical power generation, alternators and drive systems manufacturer Leroy Somer alternators, available in Southern Africa from power generator supplier Vert Energy, ensure dependable electricity production in diverse industries, including the telecommunications...
Apr 22, 2016
While energy storage may seem like a viable option for standby power initiatives during grid failure, several issues first need to resolved for it to be implemented, South African National Energy Development Institute’s Renewable Energy Centre of Research and...
Apr 22, 2016
Apr 21, 2016
Apr 18, 2016
Apr 18, 2016
 
 
 
Apr 15, 2016
Italy's Eni plans to invest about €20-billion ($22.5-billion) in Africa over the next fours, mostly in oil and gas, the company's Chief Executive Officer Claudio Descalzi said on Friday. "That represents about 60% of our investments" (over that period) he said in a...
Apr 15, 2016
Falling commodity prices have pushed several African countries back into the embrace of the International Monetary Fund (IMF), which has an opportunity to push for reforms and inject transparency into opaque economies. Top of the list is Angola, Africa's second...
Apr 15, 2016
The African nation of Gabon wants to rejoin Organization of the Petroleum Exporting Countries (Opec) after more than two decades, two Opec sources said, becoming the second former member in a year to seek a return to the oil exporters' group just as it is taking the...
Apr 15, 2016
Specialised oil and gas equipment supplier Energas Technologies aims to meet the increasing demand for operational quality in the local natural gas market through its RMG 5020 gas pressure regulator from Honeywell by April. Energas Technologies product engineer...
Apr 15, 2016
Current market conditions and trends within the power sector have enabled heat exchanger supplier Kelvion to focus on supplying replacement heat exchange equipment and maintenance products within the existing power plant installed base as well as focusing on...
Apr 14, 2016
Oil prices fell on Thursday as Opec warned of slowing demand and Russia hinted that there might only be a loose agreement with little commitments at the upcoming exporter meeting to rein in ballooning oversupply. Meanwhile, Goldman Sachs said that productivity gains...
Apr 13, 2016
Article contains comments
Apr 12, 2016
Sabine Dall’Omo
The Department of Energy (DoE) says development of South Africa’s gas industry could be anchored on the demand from its imminent gas-to-power programme. That makes Gas-to-Power a milestone not just for power generation, but also for South African industry to access...
Apr 11, 2016
Small business owners should brace themselves for the impact of higher electricity tariffs, which affects profits and ultimately the spending power of consumers, said First National Bank Head of Business Value Sanjeev Orie.    He noted that the tariff increase,...
Apr 11, 2016
The April 2016 roundup covers activities across South Africa for March 2016 and includes details of a North Gauteng High Court Judge’s dismissal of a court application to postpone the 9.4% electricity tariff increase, which the National Energy Regulator of South...
 
 
 
 
Apr 08, 2016
Henry Laas
Murray & Roberts’ wholly owned subsidiary Clough has been awarded a hook-up services contract on the Ichthys liquefied natural gas (LNG) project floating, production, storage and offloading (FPSO) facility, by Daewoo Shipbuilding & Marine Engineering. The Ichthys...
Apr 08, 2016
The Climate Investment Funds’ Clean Technology Fund (CTF) has approved a $29.65-million concessional loan to Kenya to cofinance up to two geothermal projects to increase the country’s power capacity, particularly drawing on untapped geothermal resources in the Rift...
Apr 08, 2016
Alternative energy and storage systems are being used to make various portions of African industrial supply chains more effective and resilient, as well as control energy costs and production disruptions, says electrical equipment specialist firm Eaton alternative...
Apr 08, 2016
INTEGRAL PLANT COMPONENTS Shell and tube heat exchangers are particularly prevalent in Rankine cycle power generation with regeneration, as used in most modern power stations
Local manufacturer and maintenance service provider of utility-scale pulverised coal steam generators, Steinmüller Africa, is now offering turnkey solutions for both shell and tube heat exchangers; both the header-type and the tubesheet-type are offered. These heat...
Apr 08, 2016
Having completed more than a 100 installations of its locally produced lithium iron phosphate (LiFePO4) Freedom Lite range of batteries across Southern Africa, Johannesburg-based energy solutions provider Freedom Won aims to enhance its production capacity amid...
Apr 08, 2016
STORAGE VOLUME INCREASED Cenergy Solutions ANG systems allow facilities and vehicles to store significantly more natural gas at lower pressures
Cylinders and conversion kits providers Cenergy Solutions is working with compressed natural gas fuel station ReFuel, at CleanWorld’s biomethane plant, to store as much as four times more natural gas at low pressures with its adsorbent natural gas storage system....
Apr 07, 2016
Apr 06, 2016
A federal judge in the US state of Louisiana has granted final approval to an estimated $20bn settlement over the 2010 BP oil spill in the Gulf of Mexico, resolving years of litigation over what caused one of the biggest ever environmental disasters. The settlement,...
Apr 05, 2016
Executives from major oil and gas companies and strategic partners have joined together with the OPEC Fund for International Development (OFID) and the World Petroleum Council (WPC) to launch an "Oil and Gas Industry Energy Access Platform (EAP)." Designed within the...
Apr 04, 2016
Oil company Chevron South Africa has appointed Victor Bester as GM of its Cape Town Refinery, in Milnerton. Commenting on his appointment, Bester said that fuel security and skills development remained top priorities for the country and that Chevron South Africa’s...
 
 
 
 
Apr 04, 2016
Bushveld CEO Fortune Mojapelo
Aim-listed Bushveld Minerals’ newly established 84%-owned subsidiary Bushveld Energy and US-based UniEnergy Technologies (UET) have teamed up to develop market opportunities for vanadium-redox flow batteries (VRFB). A new memorandum of understanding (MoU) inked...
Apr 01, 2016
Inflation has shot up to its highest level since the 2008 economic downturn and South Africa should brace itself for further increases, especially in the agriculture sector, said Econometrix chief economist Azar Jammine on Friday. Speaking at a BMI Building Research...
Apr 01, 2016
Article contains comments
Despite extensive talks on possibly routing an oil pipeline through Kenya, Total Uganda has decided to run the pipeline through Tanzania. “As a company, our position remains that we are going through Tanga. I understand there are issues being discussed but our...
Apr 01, 2016
GREEN BUILDING Success of green technologies depends on all parties being well informed about their application and benefits
Cost consultants and quantity surveyors can play a pivotal role in helping new building projects and decision-makers to make green building decisions during construction, says University of Pretoria Department of Construction Economics quantity surveying programme...
Apr 01, 2016
The development of shale gas projects in South Africa was halted with the 2011 issuing of a moratorium on the issuing of shale gas exploration licences within the central Karoo, which has subsequently been lifted.
Apr 01, 2016
JSE- and Aim-listed oil and gas company SacOil signed a cooperation agreement with the China Petroleum Pipeline Bureau (CPPB) last month for the possible construction of a gas processing facility near the Rovuma basin, in Mozambique, as well as a 2 600-km-long,...
Apr 01, 2016
Dual-listed oil and gas company SacOil’s Mena International Petroleum subsidiary reached its Phase 2 production target of 1 000 bbl/d in February this year at its wholly-owned Lagia onshore oil field in Sinai, Egypt. The first phase production target of 400 bbl/d was...
Mar 31, 2016
Newly established energy company Hulisani will list on the main board of the Johannesburg Stock Exchange (JSE) in April to take advantage of investor demand for energy assets in South Africa and greater sub-Saharan Africa. Hulisani’s investment strategy was to pursue...
Mar 30, 2016
Alan Winde
Leveraging the Western Cape’s reputation as the “digital gateway to Africa” and a growing platform for new entrepreneurs, provincial Economic Opportunities Minister Alan Winde on Wednesday recommitted his department to further promoting job creation in an effort to...
Mar 30, 2016
Article contains comments
Solar panel installation at Growthpoint’s Airport Industria property near the Cape Town International Airport
JSE-listed real estate investment trust (Reit) Growthpoint Properties has embarked on its two largest rooftop solar installations, each with a capacity of nearly 1.2 MW, on the rooftops of the Northgate Mall, in Johannesburg, and the Brooklyn Mall, in Pretoria....
 
 
 
 
Mar 30, 2016
The Competition Commission has once again delayed the conclusion of a liquefied petroleum gas (LPG) market inquiry by another six months. The conclusion of the inquiry, which had initially been scheduled to start in June 2014 and conclude by October 2015, had first...
Mar 29, 2016
The National Energy Regulator of South Africa (Nersa) has set the allowable revenue for State-owned entity Transnet’s petroleum pipeline system at 23.03% for the period spanning April 6, 2016, to April 4, 2017, it announced in a statement on Tuesday. Transnet had...
Mar 25, 2016
STRUGGLING MARKET Tongaat Hulett’s various sugar operations’ revenue totalled R5-billion up until September
Agriculture, agroprocessing and sugar producer Tongaat Hulett has noted a 5.7% decline in half-year revenue, generating an operating profit for the 2015/16 sugar season. The sugar season, which runs from April 1 to March 31 yearly has been beleaguered by drought...
Mar 25, 2016
DETREMENTAL DROUGHT The end of the current drought will ensure crop production is restored fully
The ethanol industry in South Africa remains lacklustre, owing to various issues, including low Brent crude oil prices, the persisting drought in the sugar cane-producing regions and the lack of policy implementation, says Ethanol Producers Association of Southern...
Mar 25, 2016
Article contains comments
WORK SCOPE Aveng Grinaker-LTA is responsible for the construction activities required to get the formation ready for the laying of sleepers and track
The structures and earthworks for State-owned power utility Eskom’s Majuba rail project, in Mpumalanga, are 98% and 96% complete respectively, with 55% of formation ready for track laying, construction and engineering group Aveng Grinaker-LTA said earlier this month....
 
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