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Oil & Gas News

Nigeria's Bodo community claims win over Shell after latest UK court ruling

By: Reuters     24th May 2018 A British judge ruled on Thursday that Nigeria's Bodo community, which has been involved in a protracted legal battle with Shell over the clean-up of two 2008 oil spills, should retain the option of litigation for another year. Lawyers for Bodo had accused Shell of trying to kill off the legal... 

Shell's oil spill dispute with Nigeria's Bodo villagers back in UK court

By: Reuters     23rd May 2018 Lawyers for the Bodo community in Nigeria's oil-producing Niger Delta, which was devastated by two major oil spills a decade ago, went to court in London on Tuesday to fend off what they said was an attempt by Shell to kill off their litigation. The Bodo oil spills have been the subject of years... 

Angola cuts tax rates for development of marginal oilfields

By: Reuters     22nd May 2018 Angola has halved headline tax rates for marginal oil fields as part of a series of laws to drive investment and reverse declining output in Africa's second largest crude producer. The series of presidential decrees, published in the Official Gazette on Friday and made available by the oil... 

Renergen, SAB tap into gas to reduce carbon emissions with landmark transaction

By: Simone Liedtke     21st May 2018 Natural gas development company Renergen has signed an offtake agreement with Anheuser-Busch InBev (AB InBev)subsidiary South African Breweries (SAB) for the supply of liquefied natural gas (LNG) to power its delivery trucks. The agreement sees the initial roll out of compressed natural gas to a... 

Renergen, SAB tap into gas to reduce carbon emissions with landmark transaction
Renergen CEO Stefano Marani

M&R hopes to convince ATON of commercial merits of Aveng tie-up

By: Terence Creamer     18th May 2018 Murray & Roberts (M&R) CEO Henry Laas says he will make every effort to convince its largest shareholder ATON – the German family-owned business, which owns 39% of the company and which has made a firm offer to acquire majority control of the South African engineering and construction group – of... 

M&R hopes to convince ATON of commercial merits of Aveng tie-up
Photo by Creamer Media
M&R CEO Henry Laas

Radebe sees energy contributing $25bn to South Africa’s $100bn investment target

By: Terence Creamer     16th May 2018 Energy Minister Jeff Radebe says one-quarter, or $25-billion, of South Africa's newly announced five-year investment target of $100-billion could be met through investments in new energy projects, including a possible new greenfield crude oil refinery and a gas pipeline linking South Africa to... 

Radebe sees energy contributing $25bn to South Africa’s $100bn investment target
Photo by Dylan Slater
Energy Minister Jeff Radebe

Nigeria gives more oil purchase deals to local firms as vote looms

By: Reuters     16th May 2018 State oil firm NNPC has awarded 50 companies with contracts to buy Nigerian crude and more than half of them are local firms, foreign and Nigerian trading sources said. Of the total, 32 were local companies, doubling the number of awards to Nigerian firms compared to 2017. 

Transnet to review tenders, expand petrochemicals capacity at East London port

By: Marleny Arnoldi     14th May 2018 More than 100 attendees representing 97 companies have shown a keen interest in the Port of East London’s plans to recommission an existing tank in the port for handling of liquid bulk and to introduce a liquid bulk terminal through a 25-year port concession awarded to a private entity, says... 

Transnet to review tenders, expand petrochemicals capacity at East London port
East London port manager Sharon Sijako

R11.6bn in fines and merger conditions secured since 2010, Patel reports

By: Terence Creamer     10th May 2018 Economic Development Minister Ebrahim Patel reports that R11.6-billion has been mobilised as a result of cartel settlements and conditions placed on firms that have pursued mergers and acquisitions in South Africa since 2010, with commitments worth a further R11-bilion have been secured in... 

R11.6bn in fines and merger conditions secured since 2010, Patel reports
Photo by Creamer Media
Economic Development Minister Ebrahim Patel

African fuel giant Vivo Energy attains secondary listing on JSE

By: Marleny Arnoldi     10th May 2018 Downstream petroleum company Vivo Energy on Thursday attained a secondary listing on the main board of the JSE.  

Radebe links IRP certainty to Ramaphosa’s $100bn investment drive

By: Terence Creamer     10th May 2018 The long awaited update to South Africa’s Integrated Resource Plan (IRP) will be presented to Cabinet for its approval on August 15, Energy Minister Jeff Radebe confirmed on Thursday, adding that the document would provide much-needed certainty for investors in the electricity sector. The... 

Radebe links IRP certainty to Ramaphosa’s $100bn investment drive
Photo by Dylan Slater
Energy Minister Jeff Radebe

Total South Africa seeks to grow lubricants, retail fuel businesses

By: Shirley le Guern     9th May 2018 Total South Africa is looking to grow both its lubricants and retail fuel business as well as restart the offshore oil exploration that it put on hold in 2014, CEO Pierre-Yves Sachet said after a visit to its bulk fuel and lubricant plants in Durban. He said that a R70-million investment in its... 

Total South Africa seeks to grow lubricants, retail fuel businesses

Transnet, Sapia sign MoU to strengthen liquid fuels supply chain

By: Simone Liedtke     8th May 2018 State-owned Transnet and the South African Petroleum Industry Association (Sapia) have signed a memorandum of understanding (MoU) to collaborate to strengthen the liquid fuels supply chain and ensure security of supply in South Africa.  Through this MoU, both parties will focus on transforming... 

Economist predicts growth for African countries

By: Marleny Arnoldi     4th May 2018 The tide has turned for many African countries in terms of growth, says Citibank Africa economist David Cowan.  

Petroleum product suppliers settle information sharing complaint

By: Marleny Arnoldi     4th May 2018 South African petroleum product suppliers have, under a settlement agreement with the Competition Tribunal, agreed to change how they share information.  

Uganda presents growth opportunities for companies

By: Tasneem Bulbulia     4th May 2018 Owing to the type of foreign direct investment prevalent in the country, the working climate in Uganda is becoming more competitive, which presents a number of opportunities for companies, says integrated infrastructure delivery company AECOM Uganda MD Bridget Ssamula. “The biggest opportunities... 

Uganda presents growth  opportunities for companies
BRIDGET SSAMULA The biggest opportunities for Uganda lie in the oil and gas sector

Hydraulics service centre available for most industries

4th May 2018 Engineering components supplier BMG’s Regional Service Centre (RSC), in Port Elizabeth, offers critical solution services to diverse sectors, including the automotive industry, power and petrochemical plants, manufacturing, marine, agriculture and general engineering. “Through the consolidation... 

Hydraulics service centre available for most industries
REGIONAL SERVICE CENTRE BMG’s Regional Service Centre focuses on the optimum performance and extended service life of every hydraulic system.

South African fuel prices to increase in May

By: African News Agency      27th April 2018 Petrol, both 95 and 93, are expected to increase by 49c a litre in May, while diesel is expected to increase by between 58c/ℓ and 59c/ℓ, Energy Minister, Jeff Radebe said. On Thursday, Radebe announced the adjustment of fuel prices for May 2018 based on current local and international factors... 

 South African fuel prices to increase in May

New gensets introduced at Middle East Electricity

27th April 2018 Engine manufacturer Cummins has introduced the C450 D5, which is part of its QSG12 series diesel generator sets (gensets) for the commercial and industrial markets, at the Middle East Electricity (MEE) 2018 in Dubai, which was held from March 6 to 8 at the Dubai World Trade Centre, in Dubai. The... 

Egypt aims for $10bn foreign investment in oil, gas in 2018/19

By: Reuters     23rd April 2018 Egypt aims for foreign investment in the oil and gas sector to reach about $10-billion in the 2018/19 fiscal year that begins in July, Petroleum Minister Tarek El Molla said on Sunday. Molla said he expected foreign investments to total the same amount for the current fiscal year, marking a 25%... 

Agreement opens way for R1.8bn oil services hub at Saldanha port

By: Terence Creamer     23rd April 2018 A private port terminal operator has been selected to build and operate South Africa’s first offshore supply base (OSSB) at the Port of Saldanha, in the Western Cape. The facility, which will involve investments of R1.8-billion over the coming five years, will provide services to offshore oil and... 

Agreement opens way for R1.8bn oil services hub at Saldanha port
Port of Saldanha

Company offers customisable electrical distribution solution

By: Jessica Oosthuizen     20th April 2018 Transformer supplier Trafo Power Solutions is offering dry-type mini substations as a complete and customisable electrical distribution solution for several applications. “Mini substations generally include oil transformers, but Trafo Power Solutions is now able to design and deliver dry-type... 

Company offers customisable electrical distribution solution
MADE-TO-ORDER Well proven dry-type technology is being used in Trafo Power Solutions’ customised dry-type mini substations

EVs not yet a market force to disrupt oil demand growth

By: Anine Kilian     19th April 2018 Short-term oil demand is still growing strong and will continue to do so through the end of 2020, a trend taking place despite the market’s increasing focus on electric vehicles (EVs) and the forecasted future plateau in oil demand, according to a new report from IHS Markit’s oil and gas team.... 

Oanda awarded EPC contract for Nigeria’s AKK pipeline

By: Anine Kilian     19th April 2018 JSE-listed Oando together with Oilserv have been awarded the engineering, procurement, construction (EPC) mandate for the Ajaokuta – Abuja portion of the $727-million Ajaokuta-Kaduna-Kano (AKK) pipeline system by the Nigerian National Petroleum Corporation (NNPC). The contract award follows an... 

Grindrod concludes sale of Unicorn Bunker Services

By: Simone Liedtke     18th April 2018 Grindrod has finalised the sale of its bunker division, Unicorn Bunker Services, for an undisclosed amount. Unicorn Bunker Services, which employs 110 people, was first established in 2006 and operates three modern bunker tankers in the ports of Durban and Cape Town under contract to BP, Engen... 

AfriForum, TKAG welcome Shell’s indication to withdraw from shale gas exploration

By: Anine Kilian     16th April 2018 AfriForum and the Treasure THE Karoo Action Group (TKAG) view Shell South Africa’s indication of its intention to withdraw from shale gas exploration in the Karoo as a major victory for those who care about the environment, TKAG said in a statement on Monday. The Herald last week reported that... 

Zambia shortlists five firms for majority stake in oil refinery

By: Reuters     16th April 2018 Zambia has short-listed five companies including Britain's Glencore Energy and Sahara Energy Resources to buy a majority stake in its only oil refinery, a state-owned firm said on Monday. The government-owned Industrial Development Corporation (IDC) has said it wants a strong strategic equity... 

Costs, downtime impede pressure vessel testing

By: Paige Müller     13th April 2018 Potential downtime and cost considerations are preventing industries from conducting essential pressure vessel testing, says air compression products distributor Tru Compressor Solutions product specialist and sales director Phillip Botha. “Air compressors and pressure vessels are used in... 

Costs, downtime impede pressure vessel testing
PHILLIP BOTHA In the current South African economic climate, companies are still extremely price sensitive

Afrox secures contract to supply medical gases to State healthcare facilities

By: Simone Liedtke     11th April 2018 JSE-listed African Oxygen (Afrox) has been awarded a contract to supply medical gases to government hospitals and clinics across all provinces. 

Afrox secures contract to supply medical gases to State healthcare facilities
JSE-listed African Oxygen (Afrox) has been awarded a contract to supply medical gases to government hospitals and clinics across all provinces

Nigeria awards two of three gas pipeline deals

By: Reuters     6th April 2018 The Nigerian National Petroleum Corporation (NNPC) said on Friday it had awarded two of three gas pipeline contracts which in total will be worth more than $2.8-billion. One contract for a roughly 200 km (124.27 miles) stretch of the 614 km Ajaokuta-Kaduna-Kano pipeline and stations was awarded... 

Ghana to review corporate tax exemptions for resources sector

By: Reuters     5th April 2018 Ghana plans to review its process for granting corporate tax exemptions to mining and oil companies as part of measures to eliminate fraud and boost revenues, its vice president said on Wednesday. Mahamudu Bawumia said tax exemptions claimed by some resources companies were not transparent, and... 

Oando commissions new office building in Lagos

By: Anine Kilian     5th April 2018 Dual-listed Oando has officially commissioned its new office building, the Wings Office Complex, in Lagos, Nigeria. The complex, which was commissioned by State and Petroleum Minister Ibe Kachickwu,  comprises two 12-storey towers with 27 000 m2 of lettable office space, a three-level car park,... 

BP's coastal bunker barge now operational at Port of Richards Bay

By: Marleny Arnoldi     29th March 2018 South Africa’s first coastal bunker barge Amber II is now operational at Transnet National Ports Authority’s (TNPA) Port of Richards Bay, serving as a floating storage and fuel replacement vessel for petrochemicals company BP’s customer vessels at the port.  

BP's coastal bunker barge now operational at Port of Richards Bay
BP's Amber II operational at Port of Richards Bay

Congo's 2017 mining revenue up 36% while oil revenue doubles

By: Reuters     26th March 2018 Democratic Republic of Congo's 2017 mining sector revenue rose 35.6% to $822.2-million while revenue from the oil and gas sector jumped by 103% to $203.9-million, finance ministry data showed. Mining revenue in the fourth quarter more than doubled helped by higher prices for key exports such as... 

Gabon to revise hydrocarbons law to attract investment – oil ministry

By: Reuters     23rd March 2018 Gabon plans to revise its hydrocarbons law to attract new investment, the oil ministry said on Thursday. Under the current legal framework, the Gabonese state holds a minimum 20% stake in oil projects. The state oil company has the right to a stake of up to 15%. 

Genel might starting drilling in Somaliland in 2019 – CEO

By: Reuters     22nd March 2018 Kurdistan-focused Genel Energy might start drilling in Somaliland next year, Chief Executive Murat Ozgul said on Thursday, as the group reported 2017 results broadly in line with expectations. "For the long term, I really like (our) Somaliland exploration assets. It's giving me a sense of... 

Africa’s downstream oil industry holds promise

By: Kim Cloete     14th March 2018 The downstream market is dynamic in Africa and continues to evolve and become more transparent throughout the supply chain, says African energy specialist CITAC Africa executive director Gary Still. He told the annual African Refiners & Distributors Association (ARA) conference, in Cape Town, on... 

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