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Mar 30, 2015
Côte d’Ivoire argued in an international tribunal on Sunday that allowing Ghana to continue oil exploration in a disputed offshore area pending a ruling on their border line would do irreparable damage to its economy and energy policy. The two West African neighbours...
Mar 27, 2015
Article contains comments
The petrol price will increase by R1.62/ℓ next week, while diesel would increase by R1.24/ℓ, the Department of Energy (DoE) revealed on Friday. The DoE said the adjustment was based on local and international factors.
Mar 27, 2015
The agricultural sector has a key role to play in a green economy, which incorporates both an environmental and social dimension, notes Council for Scientific and Industrial Research (CSIR) senior researcher and/or leader of the Agricultural Green Economy Project Dr...
Mar 27, 2015
The long-term outlook for Nigeria is a country that has the potential to be very strong. So affirmed International Monetary Fund (IMF) Nigeria Mission Chief and Senior Resident Representative Dr Gene Leon on recently. "But we are starting from a point of huge...
Mar 27, 2015
Article contains comments
CARBON EVALUATION Carbon management is key in assisting South Africa to reach its contribution to climate change mitigation goals and the 34% reduction in carbon emissions
Considering National Treasury’s confirmation last month that carbon tax would be introduced in 2016, with a draft Carbon Tax Bill to be introduced later this year to allow for more public comment, industry needs carbon tax experts to assist it in managing carbon tax,...
Mar 27, 2015
JSE-listed packaging company Mpact’s basic underlying earnings a share, for the year ended December 31, increased by 15.3% to 269.2c, while revenue increased by 11.9% year-on-year to R8.6-billion, owing to a drop in the oil price, capital expenditure investments and...
Mar 27, 2015
The National Energy Regulator of South Africa (Nersa) earlier this month approved a 6.9% increase in Transnet’s petroleum pipeline tariffs for the period from April 1, 2015, to April 4, 2016.
Mar 24, 2015
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In a recent State of the System update, Eskom indicated that its gas turbine stations Ankerlig and Gourikwa used 148-million litres of diesel in power generation in November 2014. The turbines use diesel fuel in a gasified form. The National Energy Regulatory of...
Mar 24, 2015
Article contains comments
Mar 23, 2015
Mar 23, 2015
Mar 20, 2015
 
 
 
Mar 20, 2015
The fifth Petro.t.ex exhibition and conference, which is supported by the 20 petroleum corporations that are members of the South African Petroleum Industry Association (Sapia), will take place at Gallagher Convention Centre, in Midrand, from May 20 to 22, as part of...
Mar 20, 2015
OIL DEPENDENT With oil serving as the marginal production cost and price-setter for many chemicals, a decline in the oil price typically leads to lower product prices
The recent decline in global oil prices is not only prompting supply chains to destock their petrochemical inventories but is also sowing the seeds for better economic conditions, lower petrochemical prices and improved global petrochemical demand, says information...
Mar 20, 2015
GUY LUNDY Industry needs to work more closely with research institutions and universities to encourage and support local research and development
International executive search firm Odgers Berndtson describes the current state of the South African chemicals and petrochemicals industry as stagnant, if not diminishing, says energy, consumer and technology specialist for sub-Saharan Africa Guy Lundy, a partner in...
Mar 19, 2015
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Sunbird Energy executive chairperson Kerwin Rana
State-owned electricity utility Eskom has confirmed that it will enter into commercial negotiations with Sunbird Energy and PetroSA for the supply of indigenous natural gas from the Ibhubesi field, off South Africa’s west coast, to the diesel-sapping Ankerlig power...
Mar 18, 2015
While oil-producing countries have been hammered by plunging oil prices, it is a great opportunity for countries to get rid of subsidies on oil, says Vitol Group president and CEO Ian Taylor. The head of the multinational Dutch-owned trading company told the African...
Mar 18, 2015
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ASX-listed gas developer Sunbird Energy on Wednesday announced the execution of a gas sales term sheet with South African power utility Eskom, over its planned Ibhubesi development, off the country’s West Coast. Under the term sheet executed with Eskom, the planned...
Mar 17, 2015
A $9-billion oil refinery, expected to be the largest and most complex refinery in Africa, is to come on stream in Lagos, Nigeria, by the third quarter of 2017. The oil refinery is expected to unlock value for Nigeria and help slash reliance on international markets...
Mar 17, 2015
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South Africa's mining minister said on Monday he expected to start issuing shale exploration licences later this year. "At the moment we are going through the consultation process (with stakeholders such as communities)," Ngoako Ramatlhodi told Reuters on the...
Mar 16, 2015
The Department of Energy (DoE) has allocated R398-million to deploy an equal number of high- and low-pressure solar water heaters (SWHs) in the 2015/16 financial year, Energy Minister Tina Joemat-Pettersson has revealed in a Parliamentary reply. The DoE, which...
Mar 16, 2015
Paul Baloyi
Industrial energy group enX aims to increase its broad-based black economic-empowerment (BBBEE) shareholding from 2% to 26.5% in an equity capital raising valued at about R211-million. The company, which changed its name from Austro Group in January, announced on...
 
 
 
 
Mar 16, 2015
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Royal Dutch Shell is pulling back from its shale projects in South Africa due to lower energy prices although it is still seeking an exploration license for the onshore Karoo Basin, its country manager said on Monday. A more than halving of crude oil prices since...
Mar 13, 2015
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President Jacob Zuma on Friday officially launched the Presidency and Government Energy Saving Campaign, but, apart from reflecting on energy-savings gains made during his administration and appealing for energy use austerity, he remained vague on the campaign’s...
Mar 13, 2015
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Absa Capital economist Peter Worthington
Absa Capital economist Peter Worthington remains optimistic that the South African consumer could still benefit to the tune of R12-billion over the course of 2015 as a result of lower fuel prices, notwithstanding the recent weaking in the rand against the US dollar,...
Mar 13, 2015
The National Energy Regulator of South Africa (Nersa) on Thursday approved a 6.9% increase in Transnet’s petroleum pipeline tariffs for the period from April 1, 2015, to April 4, 2016.
Mar 13, 2015
Nuclear power plant (NPP) projects are, everywhere, politically important, complex and long-term programmes, World Nuclear University (WNU) lecturer Milt Caplan pointed out at the recent WNU One-Day Course at the University of Pretoria. "Nuclear decisions are always...
Mar 13, 2015
Worldwide, the nuclear industry would benefit if it was possible to develop closer cooperation between national regulatory authorities and between them and the industry itself, as is the case with the aviation industry. This was affirmed by World Nuclear University...
Mar 13, 2015
As the requirements of reliability and the extended life span of plastic pipes across industry are increasing, the Southern African Plastic Pipe Manufacturers’ Association (Sappma) is inviting companies to submit high-density polyethylene (HDPE) pipe samples by April...
Mar 12, 2015
Shrinking crude exports from Venezuela to its neighbors has allowed African oil producers to gain a foothold among Latin American buyers, according to traders and data, and sales to one of the world's few regions with strong demand will keep growing. Only months ago,...
Mar 10, 2015
African oil explorers will keep drilling in select locations such as onshore east Africa and less complex projects off the West African coast even with oil at $60 a barrel, executives and analysts told Reuters. But they warned that African governments with reserves...
Mar 10, 2015
A consolidation of coal mining and power generation technical reports on the Rukwa coal-to-power project (RCCP), in Tanzania, into an integrated prefeasibility study (IPFS) report has shown the project to be “robust” at key consolidated financial, technical and...
 
 
 
 
Mar 10, 2015
Project developers General Electric (GE) and Endeavor Energy have, along with energy partners Eranove and Sage Petroleum, agreed to a supply term sheet with petroleum giant Shell and have entered into exclusive sale and purchase agreement (SPA) negotiations regarding...
Mar 09, 2015
Article contains comments
Secunda (pictured) and Sasolburg have about 400 MW of additional near-term power capacity
Energy and chemicals group Sasol is working with the Eskom War Room on a possible public–private partnership (PPP) to build a floating liquefied natural gas (LNG) facility along the South African coast, which would facilitate the importation of gas to be used by both...
Mar 09, 2015
South African petrochemicals company Sasol reported a 6% rise in first-half earnings on Monday after higher sales and chemical prices helped offset the impact of falling oil prices. The company said headline earnings per share rose to R32, the middle of the range it...
Mar 09, 2015
BP has made a second large gas discovery off Egypt as part of a concession estimated to contain more than five-trillion cubic feet, the energy company announced on Monday. BP Egypt's Atoll-1 is a deepwater exploration well located around 80 km north of Egypt's...
Mar 09, 2015
Article contains comments
Egypt has set the price of shale gas expected to be extracted from a recent concession to foreign firms at $5.45 per million British thermal units (mmBtu), an official at the oil ministry said on Monday. Egypt signed its first contract to extract gas by hydraulic...
Mar 09, 2015
Sasol CEO David Constable
Energy and chemicals group Sasol aims to save between R13-billion and R22-billion from “capital portfolio phasing and reductions” over the coming 30 months as part of a larger R30-billion to R50-billion cash-conservation programme launched in response to an...
Mar 09, 2015
Article contains comments
A lower oil price should give companies operating in Africa a lift but industry is not banking on it as a long-term elixir. "In time a lower oil price will probably help the economy in Africa, because it is a key input cost ... But that is not the panacea," Nick...
Mar 06, 2015
British oil company BP expects to invest around $12-billion with its partners as part of a finalised West Nile Delta concession deal to develop 5 trillion cubic feet of gas resources and 55-million barrels of condensates. The supply deal will help Egypt as it tackles...
Mar 06, 2015
Article contains comments
Amid an ongoing delay in the promulgation of the Final Position Paper on Biofuels by the Department of Energy (DoE), prospective biodiesel producers have cautioned that continued legislative uncertainty could cripple the fledgling industry. The ‘Regulations regarding...
Mar 06, 2015
Article contains comments
South Africa has to secure the future of the local petroleum industry through policy protection, to prevent the market from being flooded by clean fuels imports. The deferment of a clean fuels policy last year had opened a gap for importers and the urgency to...
 
 
 
 
Mar 05, 2015
South Africa’s national oil company PetroSA, through its subisidiary PetroSA Ghana, has secured a seven-year $150-million reserve-based lending credit facility with a consortium of banks. PetroSA CFO Lindiwe Bakoro said the company was pleased to close this...
Mar 05, 2015
The $200-million ‘loop line 1’ project to expand the capacity of the gas pipeline from Mozambique to South Africa has been completed, the Republic of Mozambique Pipeline Investments Company (Rompco) has confirmed. Rompco is the gas transport joint venture set up in...
Mar 05, 2015
Although the low oil price, security threats and political vulnerabilities remain worrying factors for Nigeria’s fiscal outlook, the International Monetary Fund (IMF) has commended the country’s authorities for making progress in promoting economic diversification,...
Mar 05, 2015
Topping the list of political risks facing emerging market investors is the increasing instability in already-fragile oil-producing countries such as Iran, Iraq, Libya, Russia and Venezuela as a consequence of the low oil price, Aon Risk Solutions’ 2015 Political...
Mar 05, 2015
Africa-focused Tullow Oil's exploration budget will never return to a peak target of $1-billion, although spending could double from current levels starting next year, its CEO told Reuters. African drilling projects are among the most expensive in the world and many...
 
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