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Energy News

Petrol price hike announced

By: News24Wire      30th September 2016 The Department of Energy announced on Friday that as from Wednesday October 5 the retail price of petrol (93 octane) will increase by 44 cents a litre and that of 95 octane by 43c a litre. The wholesale price of diesel (0.05% sulphur and 0.005% sulphur) will increase by 23c a litre, while the... 

Mozambique minister's sacking will not affect gas project decision – Eni

By: Reuters     30th September 2016 The sacking of Mozambique's energy minister will not affect Italian oil firm Eni's final investment decision on an offshore gas project there, Eni CE Claudio Descalzi said on Friday. Energy Minister Pedro Couto was sacked by the president on Thursday, a month before Eni is due to finalise its... 

Company adds new manufacturing facility

     30th September 2016 Engineering designs, manufacturer and services solutions provider Weir Group opened its new Weir Gabbioneta manufacturing facility in Milan, Italy, earlier this year, which will allow the company to expand its product range for downstream oil and gas, petrochemical and power generation customers.... 

Company adds new  manufacturing facility
SERVICE SOLUTIONS PROVIDER New facility, Weir Gabbioneta customers globally now have access to decades of engineering expertise supported by the most advanced manufacturing facilities

Mozambique's Energy Minister sacked ahead of huge gas deals

By: Reuters     29th September 2016 Mozambique Energy Minister Pedro Couto has been sacked, the Presidency said on Thursday, a month before Italy's Eni is due to finalise an offshore gas project worth tens of billions of dollars. No reason was given for the dismissal of Couto, who had held the energy portfolio since January 2015. 

Competition Commission extends LPG market inquiry completion date

By: Megan van Wyngaardt     29th September 2016 The Competition Commission has amended the completion date for the liquefied petroleum gas (LPG) market inquiry to December 20, to allow sufficient time for it to finalise its report outlining the findings. In August 2014, the commission issued the terms of reference for the market inquiry,... 

Eni asks banks for billions to finance Mozambique gas project

By: Reuters     27th September 2016 Italian oil firm Eni has approached banks for billions of dollars to finance a huge offshore gas development in Mozambique, a significant step in getting a long-delayed project off the ground, the company and sources said. Eni confirmed it met bankers in London last week about project financing... 

McConnell Dowell recognised for Thai gas pipeline

By: Megan van Wyngaardt     27th September 2016 Construction company Aveng’s McConnell Dowell subsidiary received top honours for excellence in project execution at the International Pipe Line & Offshore Contractors Association Awards held in Paris, France, earlier this month. The company was recognised for its fourth transmission pipeline... 

McConnell Dowell recognised for Thai gas pipeline

Saudis, Iran dash hopes for Opec oil deal in Algeria

By: Reuters     27th September 2016 Saudi Arabia and Iran on Tuesday dashed hopes that Opec oil producers could clinch an output-limiting deal in Algeria this week as sources within the exporter group said the differences between the kingdom and Tehran remained too wide. "This is a consultative meeting ... We will consult with... 

Coega positions itself as energy mix hub

By: Nadine James     23rd September 2016 A growing number of manufacturing opportunities have been created and sustained through the approach of diversifying the energy mix in the Eastern Cape, which has seen the development of several energy investment projects worth more than R3.5-billion. The Coega Industrial Development Zone (IDZ)... 

Coega positions itself  as energy mix hub
GREEN SHOOTS OF GROWTH Special economic zones have managed to attract foreign and local investment in a lackluster economic environment

Ghana could be Africa's number four oil producer by 2020 – report

By: Reuters     22nd September 2016 Ghana could become the fourth biggest oil producer in sub-Saharan Africa by 2020 once two new offshore fields come on stream, to push total output above 240 000 bl/d, pan-African bank Ecobank said on Wednesday. The West African country produces around 103 000 bl/d ranking it ninth, far behind... 

Ipsa delists from Aim

By: Natasha Odendaal     16th September 2016 After failing to conclude an acquisition or acquisitions constituting a reverse takeover within the allotted Aim-dictated six-month deadline, embattled independent power group Ipsa on Friday reported that its Aim-quoted shares would be delisted. The JSE-listed group in February concluded the sale... 

Commercial bamboo production may have biofuel potential  

By: Dylan Slater     16th September 2016 According to Africa-focused bamboo technology company Afribam, growing bamboo commercially could create biofuel possibilities for commercial power generation and serve to sequestrate a percentage of carbon emitted by the same power generation facilities.  

Commercial bamboo production may have  biofuel potential
Bamboo specialist Adrian Sutton tells Engineering News about the opportunities of commercially growing bamboo. Camerawork and Editing: Nicholas Boyd.

Gas will be integral to energy mix in the future – Eskom

By: Anine Kilian     15th September 2016 South Africa’s decision to introduce a carbon tax by 2020 will impact coal mines in an already declining coal market, Eskom renewables research manager Kubeshnie Bhugwadin said on Thursday. Addressing an audience at a gas workshop hosted by the Fossil Fuel Foundation, she pointed out that the... 

Petrol party turns sour with expected 51c price hike

By: News24Wire      15th September 2016 The recent period of fuel price reductions is set for a reversal as the weakening rand and stronger international petroleum prices combine to cause pain at the pumps. This is according to the Automobile Association (AA), which was commenting on unaudited mid-month fuel price data released by the... 

Petrol party turns sour with expected 51c price hike

Engen Refinery to undergo 21-day maintenance shutdown

     15th September 2016 South Africa’s second largest oil refinery Engen Refinery will undergo a planned 21-day maintenance shutdown, starting on September 19. “The planned outage will primarily focus on essential plant maintenance and inspection activities, as well as process regeneration activities,” says Engen... 

Engen Refinery to undergo 21-day maintenance shutdown

Linde CEO, CFO leave after Praxair talks collapse

By: Reuters     14th September 2016 German industrial gases group Linde's top two executives are leaving the company, Linde announced on Tuesday, raising the possibility that abandoned merger talks with US rival Praxair could come back onto the agenda. The German company had sought to create a $60-billion-plus industrial gases... 

Opec points to larger 2017 oil surplus as rivals keep pumping

By: Reuters     13th September 2016 Opec raised its forecast of oil supplies from non-member countries in 2017 as new fields come online and US shale drillers prove more resilient than expected to cheap crude, pointing to a larger surplus in the market next year. Demand for crude from the Organization of the Petroleum Exporting... 

Qatar considers joining Exxon's Mozambique gas move

By: Reuters     12th September 2016 Qatar Petroleum is interested in the Mozambique gas business of Italian energy group Eni and could opt to join Exxon Mobil in buying a multibillion-dollar stake, sources familiar with the matter said. State-controlled Eni is looking to reduce a 50% stake in its giant Mozambique gas acreage as... 

Sasol insists gearing will fall rapidly once Louisiana project enters production

By: Terence Creamer     12th September 2016 Energy and chemicals group Sasol expects its capital expenditure (capex) to rise to R75-billion in 2017 and its balance sheet gearing to increase to between 25% and 35%, following the upward revision to the budget of the Lake Charles Chemical Project (LCCP), in the US, to $11-billion, from an... 

Sasol insists gearing will fall rapidly once Louisiana project enters production
Photo by Duane Daws
Sasol joint presidents and CEOs Bongani Nqwababa and Stephen Cornell

Linde, Praxair end $60bn merger talks

By: Reuters     12th September 2016 German industrial gases group Linde and US peer Praxair have ended merger talks that would have created a market leader with a value of more than $60-billion, they said on Monday, sending Linde's shares tumbling. The two companies had been in early-stage talks amid consolidation in the industrial... 

Sasol’s gearing to increase as 2017 capex forecast rises to R75bn

By: Terence Creamer     12th September 2016 Energy and chemicals group Sasol expects its capital expenditure (capex) to rise to R75-billion in 2017 and its balance sheet gearing to increase to between 25% and 35%, following the upward revision to the budget of the Lake Charles Chemical Project (LCCP), in the US, to $11-billion, from an... 

Sasol’s gearing to increase as 2017 capex forecast rises to R75bn

South Africa needs to make clean-fuel call as deadline looms 

     9th September 2016 Creamer Media’s Samantha Herbst talks to Engineering News editor Terence Creamer about the delay in upgrading the country’s refineries for the supply of cleaner fuel. 

South Africa needs to make clean-fuel call as deadline looms
South Africa needs to make clean-fuel call as deadline looms

Afrox secures LPG deals worth R1bn

By: Megan van Wyngaardt     9th September 2016 Local welding and gas solutions provider Afrox on Friday reported that it had signed additional deals within the liquefied petroleum gas (LPG) sector totalling R1.1-billion. The first contract will see the company provide LPG to major Lesotho distributor Gordon Enterprises over a ten-year period,... 

Afrox secures LPG deals worth  R1bn

EWN&S Enterprises

By: Zandile Mavuso     9th September 2016 Established in Nigel in 1976, EWN&S Enterprises has been suppliers of industrial gases, liquefied petroleum gas (LPG), welding equipment and consumables and safety wear to various industries in Gauteng ever since. 

EWN&S Enterprises

Afrox posts higher H1 earnings on back of restructuring, clinches various contracts

By: Megan van Wyngaardt     8th September 2016 Owing to the completion of its restructuring process during the last year, JSE-listed Afrox reported a 7.6% increase in earnings before interest, taxes, depreciation and amortisation to R523-million for the six months to June 30. Headline earnings a share were up 10.4% to 76.5c apiece. 

Afrox posts higher H1 earnings on back of restructuring, clinches various contracts

World Bank advises Zambia to stop power and fuel subsidies

By: African News Agency      6th September 2016 The World Bank has advised the Zambian government to cut its expenditure bill by dropping a fuel and power subsidy programme which gobbles nearly $600-million in public funds from the treasury annually. In its latest country-focused cost-cutting advisory report, the global financial institution... 

Big oil capex cuts may lead to supply deficit by 2025 – Wood Mackenzie

By: Terence Creamer     5th September 2016 An analysis of global oil markets conducted by Wood Mackenzie indicates that, following a period of structural oversupply, markets are “rebalancing” in a way that will support a steady recovery in prices to around $60/bl by the end of 2017. More startlingly, however, the energy and commodity... 

Big oil capex cuts may lead to supply deficit by 2025 – Wood Mackenzie

High-tech ‘cyber’ drill rig makes presence felt in Mozambique bush

By: Terence Creamer     5th September 2016 In stark contrast to its rugged surroundings in the Temane bush and not far from the picturesque Mozambican coastal town of Vilanculos, one of the highest-technology drill rigs yet to be deployed in Africa rises out of the orange-brown earth and towers over the surrounding bush. The rig – known... 

High-tech ‘cyber’ drill rig makes presence felt in Mozambique bush
Photo by Sasol
The SMP-105 drill rig in action

Lingering clean-fuels uncertainty could ‘wipe out’ South Africa’s refineries 

By: Terence Creamer     2nd September 2016 South African Petroleum Industry Association (Sapia) chairperson Maurice Radebe has appealed for “decisive action” to resolve the prevailing policy uncertainty on cleaner fuels and how the $4.9-billion cost of upgrading the country’s existing refineries to produce such fuels will be recovered.... 

Lingering clean-fuels uncertainty could ‘wipe out’ South Africa’s refineries
Photo by Duane Daws
Sapia chairperson Maurice Radebe

Petrol price drop to bring consumer relief

By: Megan van Wyngaardt     2nd September 2016 South African consumers can expect some relief in September, with the fuel price for 93 and 95 unleaded petrol falling by 18c/ℓ, and the diesel price dropping by 48c/ℓ. The fall is attributable to the strengthening of the rand against the dollar, which has cushioned the fuel price by about 22c/ℓ. 

African industry urged to use oil downturn to address regulatory uncertainty

By: Schalk Burger     2nd September 2016 Though the depressed global oil price has led to reduced activity in the oil and gas sector across Africa, the industry should improve skill levels and governments should improve regulatory frameworks and licence systems to prepare for when price and activity increases, says PwC Africa Oil and... 

Company science and engineering programme celebrates graduates

     2nd September 2016 More than 100 science and engineering university graduates and participants in petrochemicals and chemicals company Sasol’s education programmes were recognised on July 7 for successfully completing their respective degree courses from undergraduate to doctorate level. The graduates had... 

Company science and engineering programme celebrates graduates
Photo by Duane Daws
SASOLBURG PLANT The Sasol Inzalo Foundation has enabled 105 black, and predominantly female students to graduate in the past year

Egyptian petrochemicals complex expected 2021

     2nd September 2016 Egyptian petrochemicals company Carbon Holding's proposed Tahrir Petrochemicals Complex is to be located within the Ain Sokhna industrial zone, near the Gulf of Suez. Major contracts for the project have been awarded, with the construction work expected to start later this year and commissioning... 

Egyptian petrochemicals complex expected 2021
SUNRISE INDUSTRY While the oil industry in other parts of the globe is stagnating the World Bank believes there is still potential in Africa's oil industry

Ghana oil refinery showing signs of profitability

     2nd September 2016 Recent reports demonstrate that Tema Oil Refinery (TOR) – Ghana’s only oil refinery –  has begun showing signs of profitability after seven years of stagnation. The refinery posted a profit of $800 000 from its operations from February 16 to April 20, a development described by market... 

Ghana oil  refinery showing signs of profitability
REFINERY IS FINE AGAIN The Ghanaian refinery has recovered from its seven year stagnation and is showing progress

Industry challenges blunt investment in oil and gas sector

     2nd September 2016 Demand for oil and gas from markets in Africa remains high but low crude prices combined with poor physical infrastructure, inadequate logistical solutions and onerous government regulations have blunted investment in oil and gas field development, says independent oil and gas company SacOil... 

Industry challenges blunt investment in oil and gas sector
THABO KGOGO 57% of Africa’s export earnings are derived from hydrocarbons

Newest firefighting technology delivered to South Africa

By: Nadine James     2nd September 2016 Fire protection technology provider DoseTech is promoting the concept of firefighting trailer-mounted (FTM) units to the sub-Saharan Africa oil industry, and has concluded the delivery of the first system to the South African market. Further, the company is in discussions with a South African... 

Newest firefighting technology  delivered to South Africa
GERMAN ENGINEERING The FTM units are manufactured by DoseTech partner and German fire-safety product manufacturer FireDos

Nigeria, Spain to strengthen bilateral trade relationship

     2nd September 2016 Nigeria and Spain, last month expressed their readiness to strengthen their bilateral trade relationship for mutual benefit across the spectrum in the oil and gas industry. State-owned oil development corporation Nigerian National Petroleum Corporation (NNPC) group MD Dr Maikanti Kachalla Baru... 

Nigeria, Spain to strengthen bilateral trade relationship
OIL ON TAP Two Nigerian refineries and a pipeline were brought back online to address the country's petrol shortage
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