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Oil & Gas News

Few resource-rich countries properly manage their natural resources – report

By: Reuters     28th June 2017 More than 80% of the world's major mining, oil and gas-producing countries fail to adequately govern the way they extract and manage natural resources, according to an index that tracks accountability and corruption. Eritrea was the worst performer in the annual index released by the New... 

Tullow cuts debt, raises profit under new CEO but weak oil prices weigh

By: Reuters     28th June 2017 Africa-focused oil explorer Tullow Oil reduced debt in the first half of the year and reported a rise in gross profit under new CEO Paul McDade but a recent drop in oil prices means the company's bottom line remains under threat. Tullow has been under pressure to lower its mounting debt pile,... 

Libya's oil production rises above 900 000 bbl/d – sources

By: Reuters     27th June 2017 Libya's oil production stands at about 935 000 bbl/d this week after touching as high as 950 000 bbl/d late last week, Libyan oil sources said on Tuesday. The National Oil Corporation (NOC), which is targeting one-million barrels a day by the end of July, received a boost this month when it... 

Shell Nigeria considering investment in gas project in Niger Delta

By: Reuters     20th June 2017 Shell is considering whether to invest in a gas project in Nigeria's southern Niger Delta energy hub, the managing director of the local unit said on Tuesday. Nigeria has the world's ninth largest proven gas reserves, at 187-trillion cubic feet (tcf). 

Municipality reduces GHG by using buses

By: Simone Liedtke     16th June 2017 The City of Johannesburg metropolitan municipality aims to achieve 25% less greenhouse-gas (GHG) emissions, an operational cost efficiency with gas at R7/l for bus equivalents, and over three phases create more supply chain opportunities using its ‘green’ Metrobus fleet. 

Erin Energy targets Oyo-9 drilling completion by year-end

By: Megan van Wyngaardt     12th June 2017 The start of drilling operations at dual-listed Erin Energy’s Oyo-9 development well, in Nigeria, are planned for July, with a targeted completion date before year-end. This follows the signing of a $15-million drilling contract with Pacific Drilling, in March, for the use of its sixth-generation... 

Petredec, Bidvest to develop 22 600 t LPG storage facility 

By: Megan van Wyngaardt     9th June 2017 Liquefied petroleum gas (LPG) logistics company Petredec has entered into an agreement with bulk liquid storage operator Bidvest Tank Terminals to develop a new 22 600 t facility for the import and storage of LPG at Bidvest’s site, in Richards Bay. The completed facility will be the region’s... 

Experts see radical changes ahead in the oil and gas industry

By: Kim Cloete     8th June 2017 Climate change policies, green investment and changes in consumer behaviour are beginning to bite and are expected to have a major impact on oil consumption throughout the world, a special seminar on the future of oil and gas has heard. “The collapse in the price of oil and the failure of the... 

Afrox appoints new CFO

By: Creamer Media Reporter      8th June 2017 JSE-listed African Oxygen (Afrox) has appointed Matthias Vogt CFO and executive director, effective August 1. He will succeed Dorian Devers, who will step down as CFO on July 31. 

Only two board members left at beleaguered PetroSA – report

By: News24Wire      7th June 2017 The Central Energy Fund declined to comment on Wednesday on a report that four of the six remaining board members of PetroSA tendered their resignations. BusinessLive reported that the resignations of now interim board chairperson Wilfred Ngubane, Thami Hlongwa, Johlene Ntwane and Banothile... 

Sunrise discharges first LPG shipment through Saldanha Bay terminal

By: Samantha Herbst     2nd June 2017 One of two international traders – and their local joint venture partners – who have commercial agreements in place with South Africa-based energy infrastructure company Sunrise Energy on Thursday discharged 2 450 t of liquefied petroleum gas (LPG) through Sunrise’s Saldanha Bay terminal, in the... 

Sunrise discharges first LPG shipment through Saldanha Bay terminal

Italy's Eni signs LNG deal in Mozambique, raising hopes of gas boom

By: Reuters     2nd June 2017 Italian energy company Eni signed an $8-billion deal on Thursday to develop a gas field off the coast of Mozambique, the first of a series of projects that could transform the poor African nation into a major energy supplier to Asia. Developing the Coral South field, discovered in May 2012 and... 

Sasol faces up to air quality challenges of new standards

By: Natasha Odendaal     31st May 2017 As Sasol works to transition its plant operations to meet the new air quality minimum emissions standards requirements, “credible, viable solutions” to its two biggest air quality challenges remain out of reach and the group plans to apply to have the compliance deadline postponed by five years.... 

Sasol faces up to air quality challenges of new standards

UCT to host oil, gas webinar

By: Anine Kilian     30th May 2017 The University of Cape Town will host a two-hour webinar on the future of oil and gas in South Africa on June 7. This webinar will take a 10- to 25-year view on the future of oil and gas in South Africa and the broader Southern African region. It will ask critical questions about the way forward. 

Rising US output holding back Opec’s efforts to cut global supply

By: Anine Kilian     26th May 2017 Fast-rising US shale output continues to hamper efforts by the Organisation of the Petroleum Exporting Countries (Opec) to cut oil supply to boost prices. IHS Markit senior director Bhushan Bahree noted in a statement on Friday that the US’s crude oil production is expected to rise by more 900... 

Gas safety highlighted during summit as energy demand grows

By: Dylan Slater     26th May 2017 Using gas safely as a form of energy was highlighted during the Gas Safety and Compliance Summit, held in February, at the Royal Elephant Hotel and Conference Centre in Eldoraigne, and hosted by the Southern African Gas Association (Saga).  

IDC approves R218m loan for development of Free State natural gas project 

By: Terence Creamer     24th May 2017 South Africa’s State-owned Industrial Development Corporation (IDC) has approved R218-million in loan finance to support the further development of a natural gas resource in the Free State through the creation of a 107-km pipeline network and associated gas processing facilities. The funding,... 

IDC approves R218m loan for development of Free State natural gas project
Photo by Duane Daws
Renergen CEO Stefano Marani

Puma Energy sponsors South Africa’s Flying Lions aerobatic team 

     24th May 2017 International oil company Puma Energy recently announced, at Rand Airport in Germiston, east of Johannesburg, that it was sponsoring the Flying Lions aerobatic team. Keith Campbell reports. 

Puma Energy sponsors South Africa’s Flying Lions aerobatic team
Puma Energy sponsors South Africa’s Flying Lions aerobatic team

IPP Office to be incorporated into overhauled Central Energy Fund 

By: Terence Creamer     19th May 2017 South Africa’s highly respected Independent Power Producer (IPP) Office, which has overseen nearly R200-billion-worth of renewable-energy investment since 2011, is to be incorporated into the Central Energy Fund (CEF), which itself is to be overhauled. Energy Minister Mmamoloko Kubayi announced... 

IPP Office to be incorporated into overhauled Central Energy Fund
DoE director-general Thabane Zulu seconded to SFF as acting CEO

Deal opens way for new liquid bulk handling facility at the Port of Ngqura

By: Irma Venter     19th May 2017 Transnet National Ports Authority (TNPA) and Oiltanking Grindrod Calulo (OTGC) in May signed an agreement in Port Elizabeth that will see OTGC plan, fund, construct, maintain and operate a new liquid bulk handling facility at the Port of Ngqura, in the Eastern Cape. The facility’s concept... 

World record set after large oil rig lifted and shipped in one piece

By: Dylan Slater     19th May 2017 North Sea oil rig the Brent Delta platform, belonging to oil company Shell UK, was recently successfully lifted off of its three-legged structure in the Brent oilfield, about 180 km off the coast of the Shetland Islands last month, setting a world record for the heaviest single-piece lift at sea.  

World record set after large oil rig lifted and shipped in one piece
BRENT DELTA The large and ageing oil rig arrives at the Able Seaton Port to be recycled

Cement and concrete affected by faltering construction industry

By: Tasneem Bulbulia     12th May 2017 The construction industry in South Africa – which is tied directly to the state of cement and concrete – is stuttering, but there is scope to improve, says chemicals solutions provider Chryso Southern Africa (Chryso) CEO Norman Seymore. It has been widely reported that the construction industry... 

Cement and concrete affected by faltering construction industry
Photo by Bloomberg
NOTHING CONCRETE A lack of major infrastructure projects in South Africa is negatively affecting the construction industry, thereby hindering the state of cement and concrete

Eastern Cape sets sights on becoming Africa’s leading fuel bunkering centre

By: Mia Breytenbach     12th May 2017 Following the successful introduction of a deep-sea bunkering service off the coast of  Port Elizabeth, in the Eastern Cape, the province has set itself the target of being the leading bunkering stopover in Africa, states Eastern Cape MEC for Rural Development and Agrarian Reform Mlibo... 

Eastern Cape sets sights on becoming Africa’s leading fuel bunkering centre
Photo by Duane Daws
TARGETING OPPORTUNITIES The Eastern Cape province is targeting liquid fuels, bunkering services and biofuels, gas-to-power generation and a commercial and industrial gas industry

Afrox CFO resigns

     9th May 2017 Dorian Devers has resigned as CFO of JSE-listed African Oxygen (Afrox), effective July 31. He is relocating to New Zealand to pursue opportunities outside Linde Group. 

PetroSA denies business rescue allegations

By: Megan van Wyngaardt     8th May 2017 State-owned oil and gas company PetroSA on Monday refuted claims that it had asked its holding company, the Central Energy Fund, to place it under business rescue, stating that it was not in “financial distress”. It said media reports last week about the alleged request were “inaccurate and... 

Internship academy launches young professionals platform

     5th May 2017 In response to the youth unemployment epidemic on the African continent, internship facilitators  Africa Internship Academy (AIA), will be launching its Young Energy and Power Professionals (YEPP) platform at the 2017 African Utility Week, which takes place at the  Cape Town International... 

Internship academy launches young professionals platform
NURTURING POTENTIAL The launch intends to establish a network of graduates attempting to solve Africa’s power and energy issues

Largest private IPP in Ghana on course for 2017 completion

By: Mia Breytenbach     5th May 2017 Ghanaian independent power producer Cenpower Generation Company’s Kpone Independent Power Plant (KIPP), which is expected to become a critical baseload component in meeting Ghana’s growing electricity demand, is expected to be commissioned before the end of 2017. Cenpower Generation Company’s... 

Largest private IPP in Ghana on course for 2017 completion
Photo by Cenpower Generation Company
BASELOAD COMPONENT The Kpone Independent Power Plant is a combined-cycle gas turbine power plant with a planned capacity of 340 MW and a multiple fuel operating capability

Platinum sponsor returns to African Utility Week

     5th May 2017 Conference and trade exhibition African Utility Week has welcomed back a long-standing supporter - global energy giant Shell. The oil company will again be a platinum sponsor at the conference and exhibition from May 16 to 18, in Cape Town. 

Oiltanking Grindrod Calulo, TNPA sign liquid bulk agreement

By: Irma Venter     4th May 2017 Transnet National Ports Authority (TNPA) and Oiltanking Grindrod Calulo (OTGC) on Thursday signed an agreement in Port Elizabeth that will see OTGC plan, fund, construct, maintain and operate a new liquid bulk handling facility at the Port of Ngqura, in the Eastern Cape. The facility’s concept... 

Oiltanking Grindrod Calulo, TNPA sign liquid bulk agreement
Photo by Duane Daws
The Port of Ngqura

Fuel price to rise next week

By: African News Agency      27th April 2017 The Department of Energy has confirmed that the price of petrol in Gauteng will increase by 49c per litre on May 3. This is due to the international product prices of petrol increasing during the recent period, as well as the rand having depreciated against the US dollar. 

Fuel price to rise next week

LNG-focused energy firm pursuing ‘diversified’ African investment pipeline

By: Terence Creamer     26th April 2017 Black-empowered energy company African Energy Partners (AEP), which plans to list as a special purpose acquisition company on the JSE’s AltX board on June 1, to raise up to R500-million to pursue liquefied natural gas (LNG) prospects in Africa, reports that its investment pipeline includes a... 

LNG-focused energy firm pursuing ‘diversified’ African investment pipeline
AEP CEO Edwin Kikonyogo

LPG industry urged to act on non-binding market inquiry findings 

By: Terence Creamer     24th April 2017 South Africa’s Competition Commission has made far-reaching, yet non-binding, recommendations for dealing with prevailing “market distortions” in the domestic liquid petroleum gas (LPG) sector following its first-ever market inquiry, which took nearly three years to complete. The report... 

LPG industry urged to act on non-binding market inquiry findings
Photo by Duane Daws
Commissioner Tembinkosi Bonakele and Minister Ebrahim Patel

DMR to brief Western Cape communities on shale gas development

By: Megan van Wyngaardt     21st April 2017 Mineral Resources Deputy Minister Godfrey Oliphant will on Tuesday host an information-sharing session with interested and affected communities and organisations in the Western Cape on the potential of shale gas development through hydraulic fracturing, or fracking. The Deputy Minister will... 

Bunkers improve product quality

     21st April 2017 Dutch axial control valve manufacturers Mokveld Valves BV has recently commissioned two new test bunkers for testing critical, high quality valve systems – used in process control applications for the oil and gas industries – thereby improving the quality and safety of the system. Mokveld, whose... 

Pressure, temperature transmitter launched for downhole applications

     21st April 2017 Last month, US-based Emerson Automation Solutions introduced the Paine 328-12-0010 pressure and temperature data logger and digital transmitter for process measurement and data logging in downhole drilling applications. The company notes that downhole drilling operators need to measure pressure... 

Pressure, temperature transmitter launched for downhole applications
PAINE 328-12-0010 It measures pressure and temperature with full-scale accuracy of about 0.05% and is able to withstand operating temperatures from -40 °C to 175 °C

Sasol finalises currency hedges worth $4bn

By: Terence Creamer     11th April 2017 Energy and chemicals group Sasol reported on Tuesday that it had finalised currency hedges with a total notional amount of $4-billion for its 2018 financial year. The hedges represent about 70% of its expected net rand/US dollar exposure for the period, which runs until June 30, 2018. The... 

Sasol finalises currency hedges worth $4bn

Govt gives green light for shale gas fracking in Karoo

By: News24Wire      30th March 2017 The government has given the go-ahead for shale gas development in the Karoo region, Mineral Resources Minister Mosebenzi Zwane said on Thursday. He revealed this during a community engagement on shale gas development in Richmond, in the Northern Cape. 

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