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Jul 31, 2015
The petrol price will come down by 51c as of next week, said the Department of Energy on Friday. According to the department, the price of Diesel 0.05% Sulphur will decrease by 75 cents while that of Diesel 0.005% Sulphur will decrease by 73c.
Jul 31, 2015
A “record” $700-million in guarantees has been secured from the World Bank for Ghana’s Sankofa gas project to advance the West African nation’s energy transformation. The World Bank approved a $500-million International Development Association payment guarantee to...
Jul 29, 2015
Not only were new oil and gas (O&G) discoveries in East Africa a catalyst for investment into road, rail and pipeline infrastructure, but they also contributed to the region’s economic growth, with growth of 5.5% projected for this year and an estimated 6% to 7% for...
Jul 29, 2015
South Africa-focused Sunbird Energy on Wednesday confirmed that it had received a takeover offer from South African power infrastructure company Glendal Power. The company told shareholders that a trading halt had been necessitated on July 27, after the company...
Jul 29, 2015
Zambia has increased imports of finished petroleum products to prevent a fuel shortage as its only oil refinery is expected to persistently break down, its energy minister said on Tuesday. Zambia's 24 000 bl/d Indeni refinery was shut on July 14 after it was fed...
Jul 28, 2015
The Portfolio Committee on Energy on Tuesday welcomed the resignation of PetroSA chairperson Nonhlanhla Jiyane, but maintained that the entire PetroSA board should resign and be reconstituted, following months of financial mismanagement. Jiyane’s resignation had...
Jul 27, 2015
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The sharp decline in commodity prices is, on balance, negative for the outlook for the South African rand, new bank research shows, with lower oil prices being more than offset by lower mineral and metals prices. Standard Bank head of South African research Walter de...
Jul 27, 2015
Jul 27, 2015
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Jul 23, 2015
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Jul 22, 2015
Jul 22, 2015
 
 
 
Jul 22, 2015
Jul 22, 2015
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The South African Nuclear Energy Corporation (Necsa) told the Parliamentary Portfolio Committee on Energy on Wednesday that it is ready for South Africa’s proposed programme to build a number of new nuclear power plants (NPP). It can do so using its existing...
Jul 21, 2015
The Industrial Development Corporation (IDC) has put its two biomass pellet manufacturing plants up for sale. Potential buyers, who would be subject to a confidentiality agreement, were invited last week to submit their offers for the IDC’s 100 000 t/y Coega-based...
Jul 15, 2015
One-time restructuring costs dragged JSE-listed Afrox’s earnings for the first half of 2015. In a trading update on Wednesday, the company said it expected to report 28% to 39% lower earnings per share (EPS) and 15% to 25% lower headline earnings per share (HEPS) for...
Jul 15, 2015
South Africa is looking forward to resuming trade with Iran, including oil imports, once sanctions are lifted following a nuclear deal between Tehran and six majors powers, the foreign minister said on Wednesday. Iran was once the biggest oil supplier to South Africa...
Jul 15, 2015
Kenya will sign a $350-million loan with six commercial banks on Wednesday to help finance a refined products pipeline between Mombasa and Nairobi, the Kenya Pipeline Company (KPC) has told local newspapers. The State-run company awarded construction of the 450-km...
Jul 15, 2015
Marking a key step in the advancement of the flagship project to development stage, Aim-listed Edenville Energy has confirmed that the Tanzanian Ministry of Energy and Minerals (MEM) and power generation, transmission and distribution body Tanesco has started the...
Jul 13, 2015
The global oil market should be more balanced next year as China and the developing world increase oil consumption while supply of shale oil from North America and other regions grows more slowly, Opec said on Monday. In its monthly report, the Organisation of the...
Jul 10, 2015
Madagascar will pass long-delayed mining and petroleum bills in October when the national assembly returns from a recess, the country's resources minister said, a step seen as vital to boost flagging exploration in the mineral-rich Indian Ocean island. One of...
Jul 09, 2015
IMPROVING ENERGY EFFICIENCY The metals industry is looking for ways to reduce its energy needs and reduce its carbon dioxide footprint
Energy costs comprise a material portion of steel production costs and, in addition to using energy to melt and shape steel, auxiliary plants – such as those used for gas cleaning – also contribute significantly to energy consumption, says metallurgical processing...
 
 
 
 
Jul 09, 2015
When a halving of oil prices left a gaping hole in Angola's finances this year, it became clear sub-Saharan Africa's third largest economy needed help fast - and President Jose Eduardo dos Santos knew exactly where to turn. But the multi-billion dollar loans he...
Jul 08, 2015
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The Competition Commission has filed an application with the Constitutional Court for leave to appeal a June decision by the Competition Appeal Court (CAC) to uphold Sasol Chemical Indutries’ (SCI’s) appeal against a Competition Tribunal finding that resulted in a...
Jul 08, 2015
Mozambique could become one of the largest exporters of liquefied natural gas (LNG) in the next decade, if it moves to exploit the large offshore natural gas discoveries made in the country since 2010, research firm Frost & Sullivan said on Wednesday. In 2014, the...
Jul 08, 2015
Chevron South Africa, which operates in the country under the Caltex brand, has this week confirmed the resignation of chairperson Nobuzwe Mbuyisa, who would now take on a new role with another unnamed organisation. This came a month after Mbuysia was succeeded as...
Jul 08, 2015
State-run Ghana Gas Company has shut down its Atuabo gas processing plant due to an unexpected disruption of gas supplies from the offshore Jubilee field operated by Tullow Oil, the plant's director said on Tuesday. George Yankey told Reuters that Tullow had informed...
Jul 07, 2015
Advisors to Nigerian President Muhammadu Buhari have recommended a root and branch overhaul of Africa's biggest oil industry and increased borrowing to help pay off $20-billion of government arrears, a reform proposal document shows. Buhari, who won a shock election...
Jul 06, 2015
South Africa-focused mineral explorer and developer White Rivers Exploration (WRE) has signed a memorandum of understanding (MoU) with Windfall Energy to facilitate the joint exploration and development of WRE’s Heilbron and Kroonstad gas assets in the Witwatersrand...
Jul 06, 2015
Tanzania's parliament on Sunday approved a legal and regulatory framework for developing its nascent hydrocarbons industry, after days of contentious debate. East Africa has become a new oil and gas frontier after a string of discoveries that producers hope to...
Jul 06, 2015
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Most commodity prices suffered falls on Monday, compounding worries about oversupply, after Greece rejected terms for a bailout and top consumer China unleashed emergency measures over the weekend to prevent a full-blown stock market crash. Brent crude fell below $60...
Jul 03, 2015
South Africa’s second-largest oil refinery, Engen Refinery (Enref), is set to undergo a thirty-day planned maintenance outage from July 9 as part of an ongoing maintenance programme to ensure that the facility, which delivers a significant portion of South Africa’s...
 
 
 
 
Jul 03, 2015
Pan-African multinational energy corporation Oando has appointed Dr Tanimu Yakubu Muhammad to its board, effective immediately, following the resignation of nonexecutive director Nana Appiah-Korang. Appiah-Korang tendered her resignation owing to increasing demands...
Jul 03, 2015
Nigeria's Transcorp plans to spend $1.575-billion from 2016 to 2018 to raise its power generation capacity to 2 500 megawatts (MW) from 610 MW now, the company said on Thursday. Transcorp, which also has interest in hotels, oil and gas, said it expected the...
Jul 03, 2015
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Strong economic growth in Mozambique is supported by major investments in the coal mining and natural gas sectors but stricter control over state-run firms is necessary, the International Monetary Fund said on Thursday. "Mozambique's continued strong growth...
Jul 02, 2015
DEPENDABLE SUPPLIER Tswelopele Engineering has established itself as a supplier of voltage regulators, surge arresters and auto-reclosers
Black-owned engineering specialist Tswelopele Engineering is taking part in Power-Gen Africa (PGA) “to enter new markets and to reach potential solution seekers in all of Africa,” says company CEO Bongane Madondo. PGA, which Madondo describes as a product-awareness...
Jul 02, 2015
ENERGY-EFFICIENT PETROCHEMICALS Engen supplies energy-saving hydraulic fluids and synthetic lubricants to the industrial sectors and provides products for petrol and diesel engines
Responding to the energy sector’s need to reduce energy consumption, African energy multinational Engen will be exhibiting new energy-saving hydraulic fluids and synthetic lubricants, which will soon be introduced into the company’s product offering, at this year’s...
Jul 02, 2015
KEY SUPPORT BASE Howden supports its installed base of equipment through comprehensive maintenance contracts, spares supply and repair services
Boiler and cooling fan, airheater and gas cleaning equipment manufacturer and supplier Howden Africa will be participating in this year’s PowerGen Africa (PGA) event to emphasise its aftermarket capabilities and customer support services for African utilities,...
Jun 30, 2015
Integrated energy solutions group Oando will sell a 60% economic interest, as well as 51% of the voting rights, in its downstream businesses to HV Investments II (HVI) for $276-million. HVI was a joint venture between Africa-focused investment firm Helios Investment...
Jun 29, 2015
Jun 29, 2015
Oil major Chevron on Monday said it would not appeal the Western Cape Department of Environmental Affairs and Development Planning’s (DEA&DP’s) decision to approve the construction of a new independent liquid fuel storage and distribution facility in Cape Town. The...
Jun 29, 2015
Article contains comments
Renewable energy’s contribution to South Africa’s energy mix and the challenges and opportunities in the broader Southern African energy sector will be key topics of discussion at the upcoming Spain–South Africa Investment Forum. The forum, which would be hosted by...
 
 
 
 
Jun 26, 2015
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Petrol will cost between R13.34 a litre at the coast and R13.77 a litre in Gauteng from next Wednesday if you're using 95 octane, the Department of Energy (DoE) announced on Friday. Petrol (93 ULP and LRP) will increase by 44c/ℓ and Petrol (95 ULP and LRP) will...
Jun 26, 2015
Article contains comments
Spring Lights Gas CEO Nkosinathi Solomon
Spring Lights Gas (SLG), one of the two largest piped gas suppliers to KwaZulu-Natal industry, will commission a new compressed natural gas (CNG) plant in the south of Durban by year-end. Newly appointed CEO Nkosinathi Solomon on Thursday revealed that construction...
Jun 25, 2015
FUEL RETAIL Africa’s fuel demand is forecast to increase by 50% in the next ten years, driven by economic developments happening on the continent
The profitability of the fuel retail industry has increased steadily before and after the global recession, while prospects remain robust for the industry throughout Africa, says Barclays Africa local division Absa fuel industry business development manager James...
Jun 25, 2015
Article contains comments
Tsholofelo Molefe
Shedding yet another member of its executive management team, energy utility Eskom said on Thursday that it and FD Tsholofelo Molefe had “mutually agreed to part ways on an amicable basis”. “Both parties believe that the agreement to separate is in the best interest...
Jun 25, 2015
Based on unaudited daily fuel price data released by the Central Energy Fund, fuel price increases are set to continue in July, the Automobile Association (AA) said on Thursday. It expects the price of petrol to increase by between 43 cents and 46c cents a litre,...
 
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