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Oil & Gas News

Afrox anticipates higher interim earnings

By: Anine Kilian     18th August 2017 Higher sales volumes and improved operational efficiencies have contributed to an expected 20% to 32% year-on-year rise in JSE-listed Afrox’s earnings per share (EPS) for the six months to June 30. EPS are likely to be between 93c and 103c, compared with 77.8c in the first six months of 2016. 

Still much uncertainty as LPG stakeholders grapple with market inquiry findings

By: Mia Breytenbach     18th August 2017 In the findings and recommendations of the first-ever market inquiry into the local liquefied petroleum gas (LPG) industry, the Competition Commission urges public and private organisations to improve performance in the sector, yet much uncertainty remains in the wake of the report’s publication.... 

Still much uncertainty as LPG stakeholders grapple with market inquiry findings

Industrial gas supplier showcases commitment to craft beer market 

     17th August 2017 Industrial gas supplier Air Products hosted media at Johannesburg-based restaurant and microbrewery Mad Giant in June, where it showcased its support for South Africa’s bourgeoning craft beer industry. David Oliveira tells us more. 

Industrial gas supplier showcases commitment to craft beer market
Industrial gas supplier showcases commitment to craft beer market

Erin Energy starts drilling at Oyo-9 well

By: Creamer Media Reporter      14th August 2017 Oil and gas exploration and production company Erin Energy Corporation has started drilling of the Oyo-9 well, offshore Nigeria. The well is being drilled with the Pacific Bora sixth-generation drilling rig and is expected to take about 62 days to complete. 

Britain's Tullow launches oil, gas exploration in Zambia

By: Reuters     11th August 2017 British company Tullow Oil on Friday started exploring for oil and gas in Zambia, Africa's No.2 copper producer, as the country pushes to diversify its economy and reduce its reliance on the industrial metal. Copper mining earns Zambia more than 70% of its foreign exchange but the southern... 

Eni, Anadarko to build LNG terminals in Mozambique

By: Reuters     11th August 2017 Italy's Eni and US oil and gas firm Anadarko signed agreements with the Mozambique government on Thursday to build two liquefied natural gas terminals in the southern African country. The terminals will be built in Cabo Delgado province, where Mozambique has made massive gas discoveries that... 

Rust-prevention sealing system ideal for corrosive environments

By: Nadine James     11th August 2017 Engineering components manufacturer Bearing Man Group’s (BMG’s) range of sealing products includes the Rust-Anode cold galvanisation system, designed for rust prevention in diverse industries, says BMG seals business unit manager Marc Gravett. He explains that Rust-Anode is the first active cold... 

Rust-prevention  sealing system ideal for corrosive environments
MULTIPURPOSE PRODUCT Rust-Anode is perfect for applications where an anti-corrosion seal would be beneficial

TITAN vacuum furnace purchased to support aerospace industry

     11th August 2017 With a focus on pursuing additional market sectors, such as the aerospace industry, last month, heat-treating company Diamond Heat Treat purchased a TITAN H6 vacuum furnace with six-bar gas quenching to expand its capabilities. The TITAN H6 vacuum furnace is one of industrial vacuum and... 

TITAN vacuum furnace purchased to support aerospace industry
Photo by Bloomberg
PURSUING INDUSTRIES Diamond Heat Treat will use the TITAN vacuum furnace to pursue the aerospace industry

Macozoma concerned South Africa may miss out on big electric-vehicle opportunity 

By: Terence Creamer     8th August 2017 Leading business personality Saki Macozoma has expressed concern that South Africa is not fully aligning its economic and industrialisation plans to areas of future demand, including in the area of electric vehicles (EVs). Speaking at the launch of a new book authored by political commentator... 

Macozoma concerned South Africa may miss out on big electric-vehicle opportunity
Photo by Duane Daws
Saki Macozoma

Trump administration's Africa policy in focus at Agoa trade talks

By: Reuters     8th August 2017 With the Trump administration's trade agenda focused on reining in China and renegotiating the North American Free Trade Agreement, Africa has barely appeared on the radar screen. That could change this week as President Donald Trump's top trade negotiator and other senior US officials head to... 

Nigeria to permanently seize former oil minister's $37.5m property

By: Reuters     8th August 2017 Nigeria has been told by a court it can permanently seize a $37.5-million apartment block owned by a former oil minister who is wanted for money laundering. The property belongs to former petroleum minister Diezani Alison-Madueke, who was in office between 2011 and 2015. It had previously been... 

Sunrise Energy's R1bn LPG storage facility to boost energy security, downstream competition

By: Anine Kilian     7th August 2017 Sunrise Energy's R1.02-billion open-access liquefied petroleum gas (LPG) import and storage terminal, in Saldanha Bay, in the Western Cape, will enable the import of LPG in large quantities, boosting regional energy security and increasing downstream competition. The facility, which is Africa's... 

Sunrise Energy's R1bn LPG storage facility to boost energy security, downstream competition

Uganda, Tanzania start work on construction of $3.5bn oil pipeline

By: Reuters     7th August 2017 The leaders of Tanzania and Uganda laid a foundation stone on Saturday for the construction of a $3.55-billion-crude export pipeline that would pump Ugandan oil for international markets. The 1,445 km-project - set for completion by 2020 - will stretch from landlocked Uganda's western region,... 

Legal and policy certainty required if gas economy is to be realised

By: Mia Breytenbach     4th August 2017 Key factors that will influence the establishment of a gas economy in South Africa include the passing of the amended Mineral and Petroleum Resources Development Act (MPRDA) and greater clarity regarding the expected and stated imports of liquefied natural gas (LNG), says South African Oil and... 

Legal and policy certainty required if gas economy is to be realised
Photo by Reuters
INDUSTRIAL ROLEMODEL Liquefied petroleum gas industry could play a strategic role in the establishment of a gas economy as key lessons can be learnt from this industry 

Nigeria's State oil company signs deals with Chevron, Shell

By: Reuters     3rd August 2017 Nigeria's state oil company said on Thursday it had signed agreements with Chevron and Shell to boost crude production and reserves. The Nigerian National Petroleum Corporation (NNPC) said a joint venture agreement with Chevron Nigeria Limited would see the development of proven and probable... 

BP's West Africa partner Kosmos to list in London by end-September

By: Reuters     2nd August 2017 Kosmos Energy, which is exploring for gas offshore Senegal and Mauritania with oil major BP, will list on the LSE by the end of September in a bid to attract more European investors, it said on Wednesday. Kosmos, which has been listed in New York since 2011, announced a major gas find in... 

DBSA committed to funding infrastructure projects throughout SADC

By: Anine Kilian     1st August 2017 With low levels of electrification hindering economic growth and development in sub-Saharan Africa – where 78% of the population is reliant on biomass as their main energy source – $57-trillion will be required until 2030 to fund the continent’s infrastructure and energy projects, according to... 

Collaboration key to developing gas projects in SADC region 

By: Anine Kilian     1st August 2017 The successful execution and implementation of energy projects in the Southern African Development Community (SADC) region, such as the Mozambique–South Africa gas pipeline project, depends on adequate collaboration between SADC member states and the owner-operators of the project, according to... 

Kubayi refutes CEF board suspension report 

By: Creamer Media Reporter      1st August 2017 Energy Minister Mmamoloko Kubayi on Tuesday refuted a media report stating that she had suspended the Central Energy Fund (CEF) board. The Minister confirmed, however, that board members had been handed letters in July 26 requesting “an explanation on concerns”. No details were provided, however,... 

Kubayi refutes CEF board suspension report
Energy Minister Mmamoloko Kubayi

Aveng ends talks to sell steel arm, settles QCLNG project dispute

By: Reuters     31st July 2017 South African construction group Aveng said on Monday it has ended talks on the sale of its Aveng Trident Steel business due to a failure to reach agreement on price. Work for South Africa's construction industry has slowed sharply as government contracts stall and weak commodity prices hit... 

Halliburton to pay $29.2m to settle US charges tied to Angola

By: Reuters     28th July 2017 Oil giant Halliburton Co will pay $29.2-million to settle civil charges it violated federal anti-bribery rules related to books, record-keeping and internal accounting controls while doing business in Angola, US regulators said Thursday. The Securities and Exchange Commission said Halliburton's... 

Gas-to-power a more favourable alternative energy source

By: Nica Schreuder     28th July 2017 The nuclear procurement programme was rejected in the High Court earlier this year and opens the way for greater advocacy around the gas-to-power programme, says oil and gas specialist Lizel Oberholzer. “The focus on nuclear energy generation has come at the cost of the development of other... 

Gas-to-power a more favourable alternative energy source
LIZEL OBERHOLZER The importation of LNG remains the biggest opportunity for growth in the gas sector, says Oberholzer

Shale gas still a power resource option

By: Nica Schreuder     28th July 2017 Global leading engineering, consulting and construction company Black & Veatch sub-Saharan Africa business development director Webb Meko says successful exploration for shale gas could make up for South Africa’s lack of natural gas as a power resource. “Concerns about the possible detrimental... 

Shale gas still a power resource option
Photo by Reuters
PICTURESQUE POTENTIAL A large amount of untapped shale gas in the Karoo basin provides both opportunities and challenges for South Africa’s gas economy

Nigeria says has rescued oil firm staff kidnapped by suspected Boko Haram militants

By: Reuters     27th July 2017 Nigeria's military has rescued all members of an oil survey team kidnapped by suspected Boko Haram militants, it said in a statement on Wednesday, after they were taken in the country's conflict-ridden northeast. Earlier on Wednesday, the Nigerian National Petroleum Corporation (NNPC) said... 

SacOil to acquire local fuels wholesaler

By: Samantha Herbst     27th July 2017 JSE-listed SacOil is in talks to acquire a South African fuels wholesaler that owns and operates a substantial fleet of heavy-duty tankers, the company announced Thursday. The wholesaler sells fuel products, namely diesel, petrol and paraffin, on a bulk basis to its customers operating within... 

Tullow Oil stays in red as weak oil prices drag down asset values

By: Reuters     26th July 2017 Tullow Oil reported a deeper-than-expected operating loss for the first half as lower oil price expectations forced it to book hefty impairment charges, but the market welcomed news it had raised a cost-saving target by $150-million. London-listed Tullow, whose main operations are in Africa,... 

Sasol expects FY earnings to fall as much as 21%

By: Reuters     25th July 2017 South African petrochemicals group Sasol said on Tuesday it expected its full-year headline earnings to fall as much as 21%, hit by lower oil prices and a stronger rand currency. Sasol said headline earnings per share for the year to end June are expected to decrease by between 11% and 21% from... 

Opec moves to cap Nigerian oil output, boost compliance

By: Reuters     24th July 2017 Opec moved on Monday to cap Nigerian oil output and called on several members to boost compliance with production cuts to help clear excessive global stocks and support flagging prices. Opec has agreed with several non-Opec producers led by Russia to cut oil output by a combined 1.8-million... 

New model for estimating risk proves effective in case studies

     21st July 2017 Massachusetts-based business school MIT Sloan School of Management have presented new research about a new model that estimates risks and extends gate review analysis beyond “go” and “no go” options. “Today, most technical development projects go through a phase-gate process, with each gate... 

New model for estimating risk proves effective in case studies
Photo by Bloomberg
CASE STUDY Researchers at MIT showed how their gate decision analysis method works with a case study at producer of oil and natural gas BP, in Houston

Over halfway into the year, steel outshines oil markets

By: Reuters     19th July 2017 Over halfway into 2017, China's steel market has been the best performer among key Asian commodities because of cuts in low-grade steel production capacity that have reduced supply as demand has remained surprisingly strong. However, oil markets have been the worst performer despite a pledge by... 

Pipeline expansion project completed in February

     14th July 2017 In February, high-end and specialised equipment supplier Energas Technologies announced that it had completed a commission to design and supply a mobile heater skid to a budgeted $210-million pipeline expansion project. The project was commissioned by engineering firm VGI Consulting Africa, on... 

Pipeline expansion project  completed in February
UNDER PRESSURE The new line was filled and pressurised from atmospheric pressure to a line pack pressure of 116 Bar

MPRDA, LNG import clarity key to establishment of gas economy

By: Mia Breytenbach     11th July 2017 Key factors that will influence the establishment of a gas economy in South Africa include the passing of the amended Mineral and Petroleum Resources Development Act (MPRDA), while greater clarity is also needed around the anticipated and stated imports of liquefied natural gas (LNG), says South... 

Nepad Special Fund contributors call for increased contribution for Africa’s infrastructure development

By: Creamer Media Reporter      10th July 2017 While contributions to the New Partnership for Africa’s Development’s (Nepad’s) Infrastructure Project Preparation Facility (IPPF) Special Fund reached some $90.5-million during the first half of this year, donor contributors have urged other countries to contribute to the fund to support... 

Commissioning activities under way at pipeline

By: Simone Liedtke     7th July 2017 Packaging company Nampak Glass in May commissioned a 1-km-long, high-pressure underground gas pipeline that was constructed by multidisciplinary corporation Saiyl. 

Commissioning activities under way at pipeline
NAMPAK STATION This underground pipeline ties into the newly constructed Nampak Pressure Reduction Station in Germiston

Need for accurate designs of dosing systems 

By: Simone Liedtke     7th July 2017 The designs for dosing systems in the gas and fumes industries have to be accurate to ensure safety, says chemical dosing and pumping applications supplier Packaged Metering and Pumping Solutions (PMPS) technical director David O’Neill. 

Need for accurate designs of dosing systems
Packaged Metering and Pumping Solutions’ David O’Neill talks about the company’s strategies with regards to the fracking process. Camerawork and Editing: Nicholas Boyd.

New-generation Sentient hand-held unit for gas detection

     7th July 2017 The new generation Ingress Protection 68 rated Sentient handheld unit is widely regarded as the most cost effective, sophisticated and low maintenance gas detection device in the mining industry today. 

New-generation Sentient hand-held unit for  gas detection
GAS DETECTION SYSTEMS This instrument was developed by Booyco Electronics, specifically to improve safety in any confined spaces

Thermometer designed and tested for industry use

     7th July 2017 Handheld-products supplier Fluke - represented locally by distribution service provider Comtest - has launched the Fluke 64 MAX IR thermometer with internal memory, unattended monitoring, improved accuracy, increased battery life, as well as the precision needed to do the job accurately. 

Thermometer  designed and tested  for industry use
THERMOMETER APPLICATIONS Applications include the industrial maintenance, the electrical as well as the heating, ventilation and air conditioning industries
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