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Energy News

High pressure clean-in-place pump now available

     24th March 2017 Peristaltic hose pump provider Brubin Pumps – a division of pumping solution provider Letaba Pumps – has set the benchmark in developing a solution for easier and better clean-in-place (CIP) pumps, says Brubin GM Hannes Liebenberg. 

Pumps range included in offering to cater for demand

By: Simone Liedtke     24th March 2017 Technical solutions provider Bearing Man Group (BMG) is strategising to enhance its fluid technology services to meet growing market demand in diverse industries, including the pumps industry. 

Pumps range included in offering to cater for demand
PNEUMATIC GREASE TRANSFER About 180 kg of grease is being pumped and used daily at Richards Bay Minerals

China's Sinopec buys first major refinery in Africa from Chevron

By: Reuters     22nd March 2017 China's Sinopec will pay almost $1-billion for a 75% stake in Chevron Corp's South African assets and its subsidiary in Botswana to secure its first major refinery in Africa, the companies announced on Wednesday. China Petroleum and Chemical Corp, or Sinopec, Asia's largest oil refiner, said the... 

Algerian State energy firm Sonatrach replaces CEO

By: Reuters     20th March 2017 Algerian state energy firm Sonatrach has replaced CE Amine Mazouzi after less than two years in the job, naming Abdelmoumen Ould Kadour to replace him, the energy ministry said on Monday. A statement from the ministry gave no reason for the change. Ould Kadour is an engineer who graduated from... 

Sunrise Energy secures two international deals for LPG terminal

By: Creamer Media Reporter      20th March 2017 Sunrise Energy has secured two commercial contracts with international traders and their South African joint venture partners for the sourcing and importation of liquefied petroleum gas (LPG) through its new import and storage facility in the Western Cape. The R1.2-billion open-access Sunrise... 

Nigerian court overturns seizure of oilfield from Shell and Eni

By: Reuters     17th March 2017 A Nigerian court on Friday overturned a request by Nigeria's financial crimes agency to seize an oilfield from Royal Dutch Shell and Eni. In January, a court had ordered the seizure of the OPL 245 oil block and transfer of operations to the federal government on the request of the Economic and... 

China's Sinopec nears deal to buy Chevron's South African oil assets – sources

By: Reuters     17th March 2017 China Petroleum and Chemical Corp (Sinopec) is nearing an agreement to buy a majority stake in Chevron Corp's South African assets, which are estimated at $1-billion, two people familiar with the transaction said. The sources said that Sinopec, Asia's largest oil refiner, was the last bidder... 

Amid challenges, power sector offers massive opportunities

By: Nadine James     17th March 2017 Although the power and electricity sector in Africa faces massive challenges, it also offers massive opportunities, says Power & Electricity World Africa (PEWA) event organiser Terrapinn.  

Amid challenges, power sector offers massive opportunities
MOMENT IN THE SUN Africa’s largest power and electricity event offers innovative, cost-effective means of tackling Africa’s power challenges

First continuous hydrothermal liquefaction production plant launched at NWU

By: David Oliveira     17th March 2017 South Africa’s first continuous hydrothermal liquefaction plant was launched at North-West University (NWU) earlier this month, which will result in the production of bio-oils, bio-char, biochemicals and biogas. The plant is one of the outputs of the Department of Science and Technology- and the... 

Lack of reliable power supply hinders Africa’s growth – trade commission

By: Nadine James     17th March 2017 Despite an uptick in planned power-generation projects, it is still fair to say that Africa lacks reliable power supply, which has prevented the continent’s economies from developing in line with their potential, says Austrian Trade Commission Advantage Austria.  “The effects of the lack of... 

Lack of reliable power supply hinders Africa’s growth – trade commission
JOHANNES BRUNNER There is significant interest in Africa in terms of the opportunities available for companies in renewable-energy and energy-storage

UK Minister forecasts major nuclear expansion over next 20 years

By: Keith Campbell     17th March 2017 It is estimated that, over the next 20 years, more than £930-billion will be invested in expanding civil nuclear energy capacity worldwide. This was affirmed by UK Secretary of State for International Trade Dr Liam Fox in his keynote address at the Civil Nuclear Showcase 2017 in London, at the... 

Sasol officially launches 2017 GTC Championship

By: Megan van Wyngaardt     16th March 2017 The Sasol GTC Championship team on Thursday welcomed newest team member Robert Wolk, who will be behind the wheel of the team’s BMW GTC racer. Thirty-one-year-old Wolk replaces Hennie Groenewald, who stepped down to start a new business venture in Cape Town. Wolk has been racing since the age of... 

Sasol officially launches 2017 GTC Championship

Peugeot's Tavares and Anglo American's Cutifani to join Total board

By: Reuters     16th March 2017 French oil and gas company Total plans to appoint Mark Cutifani, CE of mining group Anglo American, and Carlos Tavares, chairperson of French carmaker Peugeot, as independent directors. Cutifani will bring his knowledge of industry and the raw materials sector to the board, while Total will also... 

Expect more oil price volatility over the coming months – Vitol

By: Kim Cloete     15th March 2017 A continuing massive stock overhang could contribute to more volatility in the oil price over the coming months, says energy and commodities company Vitol global analyst Simon Warren. He told delegates at the yearly conference of the African Refiners Association (ARA), in Cape Town, that despite... 

Refiners commit to producing clean fuels 

By: Kim Cloete     15th March 2017 Although Africa’s oil refining industry will need significant investments to adapt to the move by industry and the automotive sector to cleaner fuels, companies say they are committed to the change. “The impact will touch all sides of the industry, starting with refining and marketing. It will... 

South Africa's Engen to ship gasoil to Singapore in rare move – sources

By: Reuters     15th March 2017 South African petroleum company Engen is set to export a gasoil cargo to Singapore, according to trade sources and shipping data. The company has provisionally booked the Torm Horizon to transport 35 000 t of gasoil to Singapore from Durban, shipping fixtures showed. 

Egypt replaces heads of state oil and gas companies

By: Reuters     15th March 2017 Egyptian Oil Minister Tarek al-Molla has replaced the heads of state oil company EGPC and state gas company EGAS, the Ministry of Petroleum said in a statement on Tuesday. Abed Ezz el-Regal will replace Tarek al-Hadidi, appointed in April 2016, as head of EGPC while Osama Al Bakly will take over... 

Bleeding at South Africa’s State-owned oil company continues, MPs told 

By: African News Agency      14th March 2017 State-owned oil company PetroSA is set to suffer a projected devaluation of assets of R1.1-billion this financial year in addition to the R14.5-billion impairment it suffered in the 2014/15 financial year, MPs heard on Tuesday. Briefing parliament’s portfolio committee on energy, PetroSA board... 

Bleeding at South Africa’s State-owned oil company continues, MPs told

Forging market for automotive application to be valued at $56-billion by 2022

     10th March 2017 Market research company Zion Market Research has published a new report highlighting that the global steel forging market for automotive applications was valued at $41.77-billion in 2016 and is expected to reach $56-billion in 2022, growing at a compound annual growth rate (CAGR) of 5.1% between... 

Forging market for automotive application to be valued at $56-billion by 2022
Photo by Duane Daws
INCREASED DRIVE Increasing cars sales are expected to drive the European automotive and automotive components market within the forecast period

Oil still main energy source in 2035 – petroleum company

     10th March 2017 Petroleum company British Petroleum’s (BP’s) 2017 Energy Outlook notes that oil, gas and coal will remain the main sources of energy for powering the world economy, accounting for more than 75% of total energy supply in 2035, compared with 86% in 2015.  According to the outlook, which was... 

Oil still main energy source  in 2035 – petroleum company
NEW KID IN TOWN Petrochemicals will take over as the main source of growth for oil demand by the early 2030s

Rope access company continues maintenance for petrochemicals giant

By: Nadine James     10th March 2017 Rope access solutions provider Skyriders Access Specialists is continuing maintenance work at a petrochemicals company, in Mpumalanga, as part of a five-year service contract that extends  to 2019. Skyriders marketing manager Mike Zinn says the company is providing maintenance solutions for the... 

Rope access company continues maintenance for petrochemicals giant
HIGH STAKES Finding appropriately skilled personnel able to conduct maintenance procedure for Skyriders clients is a challenge

Software provider renews refinery service agreement

By: Nadine James     10th March 2017 Process and operations control management specialist BluESP has renewed its yearly service agreement with a local refinery following the client’s decision to maintain its relationship with the company to ensure that the benefits achieved using BluESP’s advance process control (APC) technology... 

Software provider renews refinery service agreement
Photo by Duane Daws
OPERATIONS REFINED The technology has improved the refinery's processes, increasing throughput and reducing the overall carbon footprint

Trial castings successfully completed at foundry

By: Simone Liedtke     10th March 2017 Engineering solutions provider Weir Minerals successfully completed trial castings on new materials for the business’s Trio product range at its Heavy Bay Foundry, in Port Elizabeth, last month. 

Trial castings successfully completed  at foundry
RAPID PROTOTYPING Investments in the rapid prototyping process have enabled the foundry to make new patterns to manufacture parts

Exxon to buy stake in gas block offshore Mozambique for $2.8bn

By: Reuters     9th March 2017 Exxon Mobil Corp said on Thursday it would buy a 25% stake in a natural gas-rich block, offshore Mozambique, from Italy's Eni for $2.8-billion in cash. The offshore gas reserves discovered by Eni in Mozambique are large enough to need a giant liquefied natural gas (LNG) export plant. 

Australia's FAR says Senegal oilfield could start earlier than expected

By: Reuters     9th March 2017 Australia's FAR, a partner in an oilfield off Senegal, on Thursday said the project could start producing before 2021, earlier than previously touted, and at a higher rate than flagged before. Operator Cairn Energy and FAR released updates this week following drilling on their latest well, SNE-5,... 

Chevron field in Angola starts oil production – Sonangol

By: Reuters     8th March 2017 The Chevron operated Mafumeira Sul field in Angola began oil production in October 2016 and will start supplying gas for export in the second quarter of this year, state energy firm Sonangol said on Wednesday. The Mafumeira Sul project has the capacity to produce 150 000 bbl of oil and... 

Sacoil buys majority stake in Afric Oil

By: African News Agency      6th March 2017 Sacoil, the South African based independent African oil and gas company, said on Monday that it had acquired a 71% interest in Afric Oil Group, one of the largest independent fuel distributors in South Africa. Following completion, Sacoil’s portfolio will consist of operated production activities... 

Titans of oil world meet in Houston after two-year price war

By: Reuters     6th March 2017 The biggest names in the oil world come together this week for the largest industry gathering since the end of a two-year price war that pitted Middle East exporters against the firms that drove the shale energy revolution in the United States. When Opec in November joined with several non-Opec... 

Industrial effluent recovery a sustainable water solution

By: Robyn Wilkinson     3rd March 2017 With the Department of Water Affairs’ National Water Week Awareness campaign – taking place from March 17 to 23 – celebrating twenty years of water delivery for social and economic development, water treatment specialist Proxa is looking to the future of water in South Africa by developing... 

Nigerian lawmakers to investigate $17bn subsidies received by State oil firm

By: Reuters     2nd March 2017 Nigeria's upper house of parliament will investigate allegations the state oil company illegally inflated funds it collected from an official subsidy scheme to 5.1-trillion naira ($17-billion) between 2006 and 2015, lawmakers said on Wednesday. The Senate's decision to launch an investigation... 

Nearly £1-trillion to be invested in nuclear energy globally over 20 years 

By: Keith Campbell     1st March 2017 It is estimated that, over the next 20 years, more than £930-billion will be invested in expanding civil nuclear energy capacity worldwide. This was affirmed by UK Secretary of State for International Trade Dr Liam Fox in his keynote address at the Civil Nuclear Showcase 2017 in London, on... 

Nearly £1-trillion to be invested in nuclear energy globally over 20 years
Photo by UK Government
UK Secretary of State for International Trade Dr Liam Fox

Nersa increases petroleum pipeline tariffs by 0.30%

By: Megan van Wyngaardt     28th February 2017 The National Energy Regulator of South Africa (Nersa) has increased petroleum pipeline tariffs by 0.30%, allowing Transnet Pipelines to realise a 1.43% year-on-year increase in allowable revenue (AR) for 2017/18. If Energy Minister Tina Joemat-Petterson decides to use the pipeline tariff as a... 

Nigerian court to rule on March 13 on Shell, ENI dispute with authorities

By: Reuters     28th February 2017 A Nigerian court will rule on March 13 on a request by Royal Dutch Shell and Italy's Eni to lift the temporary seizing of a long-disputed oilfield, a judge said on Monday. The court last month ordered the temporary seizing of assets and the transfer of operations of the OPL 245 field owned by... 

Nigeria's economy contracted by 1.5% in 2016 on lower oil prices

By: Reuters     28th February 2017 Nigeria's gross domestic product fell by 1.5% in 2016 due to lower oil revenues, the National Bureau of Statistics said on Tuesday, for its first annual contraction in 25 years. Africa's largest economy slid into recession in the second quarter of 2016 as a slump in crude prices hammered the Opec... 

Sasol says relations with Moz in ‘good space’ as new oil-find notice is issued 

By: Terence Creamer     27th February 2017 Sasol joint president and CEO Stephen Cornell has described the group’s relations with the Mozambique government as being in a “good space”, despite the country’s current fiscal difficulties, as well as periodic criticism that the country is not benefiting fully from the South African energy and... 

Sasol says relations with Moz in ‘good space’ as new oil-find notice is issued
Drilling in Mozambique

Stronger rand flagged by Sasol as a key earnings risk for second half

By: Terence Creamer     27th February 2017 Fuels and chemicals group Sasol has cautioned that ongoing rand/dollar volatility could pose an earnings risk for the second half its 2017 financial year, but reports that hedges are already in place to protect it from any downward oil price pressures. The JSE-listed group reported a 38% fall in... 

Stronger rand flagged by Sasol as a key earnings risk for second half
Photo by Duane Daws
Sasol joint presidents and CEOs Bongani Nqwababa and Stephen Cornell

Erin Energy CEO resigns

By: Megan van Wyngaardt     23rd February 2017 Segun Omidele has resigned as CEO of dual-listed oil and gas company Erin Energy Corporation, with immediate effect. His departure is expected in the coming weeks, during which time he will assist in the orderly transition of his duties and responsibilities to interim CEO Jean-Michel Malek, who... 

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