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Oil & Gas News

DA consulting lawyers on legality of energy blueprint

By: African News Agency      Updated 5 hours ago The Democratic Alliance said on Monday it was taking legal advice on the approval of government’s new Integrated Resource Plan (IRP), which envisions nuclear procurement. Democratic Alliance energy spokesperson, Gavin Davis, said the apparently rushed approval of the policy blueprint with no... 

Zuma promises ‘seamless’ ANC transition at energy indaba that sidesteps IRP debate

By: Terence Creamer     7th December 2017 President Jacob Zuma used his address at the Energy Indaba, taking place in Johannesburg this week, to assure business and investors that the upcoming African National Congress (ANC) elective conference would be “orderly and peaceful”, while promising a “seamless” handover to the new ANC... 

Zuma promises ‘seamless’ ANC transition at energy indaba that sidesteps IRP debate
President Jacob Zuma and Energy Minister David Mahlobo

Total, Sonangol sign new project pipeline agreements

By: Schalk Burger     5th December 2017 Oil and gas multinational Total and Angola State-owned oil company Sonangol have signed various agreements to jointly develop new upstream and downstream projects. Total chairperson and CEO Patrick Pouyanné on Monday held an audience with Angolan President João Lourenço and Sonangol chairperson... 

Vivo to gain 300 stations in 9 African countries in Engen share transaction

By: Schalk Burger     5th December 2017 Petroleum and energy company Vivo Energy, which represents oil multinational Shell’s brand of fuels and lubricants in Africa, will gain 300 service stations across nine African countries after it agreed to buys shares in oil multinational Engen International Holdings from Engen Holdings in... 

Exxon eyes Egypt's offshore oil and gas – sources

By: Reuters     4th December 2017 Exxon Mobil is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals' success in the country and boost its reserves, officials and industry sources said. Officials from the world's largest listed oil producer recently held talks with Egypt's petroleum ministry to... 

Second Norway-South Africa Science Week to stimulate oceans science and economy 

By: Schalk Burger     1st December 2017 The second Norway-South Africa Science Week will provide a platform for scientists, researchers, civil servants and business people from both countries to share best practices and policies to promote the sustainable use of ocean resources. Norwegian ambassador to South Africa, Botswana,... 

Second Norway-South Africa Science Week to stimulate oceans science and economy
Norway Ambassador to South Africa, Botswana, Madagascar and Nambiia Trine Skymoen discusses the upcoming Norway-South Africa science week. Video and editing: Nicholas Boyd.

Opec, allies set to agree oil cut extension to end of 2018

By: Reuters     30th November 2017 Opec and non-Opec oil producers look poised to agree on Thursday to extend output cuts until the end of 2018 to finish clearing a global glut of crude while signaling they could exit the deal earlier if the market overheats. Non-Opec Russia, which this year reduced production significantly with... 

Withdrawal of entire MPRDA only constitutionally acceptable solution – Leon

By: Martin Creamer     28th November 2017 The process of reconsidering the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill has generated a new range of procedural missteps and failed to address any of the substantive problems in the Bill, leaving the entire withdrawal of the Bill as the only constitutionally... 

Withdrawal of entire MPRDA only constitutionally acceptable solution – Leon
Photo by Duane Daws
Herbert Smith Freehills Africa co-chair and partner Peter Leon.

Oil slips on US drilling but Opec cuts support market

By: Reuters     27th November 2017 Oil prices slipped on Monday, with US crude easing from two-year highs on prospects of higher output but losses were limited before an OPEC meeting that is expected to extend output limits. Brent crude oil LCOc1 was down 25 cents at $63.61 a barrel by 1110 GMT. US light crude was 45 cents lower... 

IMF credit to Chad delayed over Glencore oil debt

By: Reuters     24th November 2017 Chad's stalled talks with Glencore on restructuring more than $1 billion in debt due to the trading firm has delayed the release of IMF funds for the struggling central African country until at least early next year, sources familiar with the matter said. The International Monetary Fund has said... 

Growing domestic demand at heart of plan to create a million manufacturing jobs 

By: Terence Creamer     24th November 2017 The Manufacturing Circle released a plan on Friday outlining how South Africa could create a million jobs over a ten-year period through pursuing a series of reforms designed at stimulating demand for South African manufactured products and improving the investment climate. The 48-page document,... 

Growing domestic demand at heart of plan to create a million manufacturing jobs
Photo by Duane Daws
Trade and Industry Minister Dr Rob Davies and Manufacturing Circle chairperson André de Ruyter

Company expands diesel supply to include buses

By: Tasneem Bulbulia     24th November 2017 Wholesale prices fuel supplier Next Grace Investments is providing a valuable diesel supply solutions for clients in the bus and truck industry. During the Gauteng Bus Indaba and Strategic Planning Workshop, held in September at the Nasrec Expo Centre, in Johannesburg, Next Grace Investments... 

Company expands diesel supply to include buses
PARKING THE BUS Next Grace Investments’ depots enables buses and trucks to refuel and park at the facilities, while drivers have access to food and shower facilities

Sasol’s new strategy shuns GTL as specialty chemicals emerge as key growth driver

By: Terence Creamer     23rd November 2017 Chemicals and energy group Sasol is preparing to sell several assets, including its Canadian shale gas assets, following an overhaul of its corporate strategy, which eschews any further greenfield gas-to-liquids (GTL) investments in favour of smaller acquisitions and projects of between... 

Sasol’s new strategy shuns GTL as specialty chemicals emerge as key growth driver
Photo by Duane Daws
Sasol joint CEOs Bongani Nqwababa and Stephen Cornell

South Africa eyes Brics partners to build new $10bn refinery 

By: Reuters     21st November 2017 South Africa is looking to the national oil companies of its Brics partners to help build a new 400 000 bbl/d refinery that will be structured by senior debt and equity, Energy Minister David Mahlobo told Parliament on Tuesday. The idea of building a refinery in Africa's most industrialised... 

South Africa eyes Brics partners to build new $10bn refinery
Photo by Duane Daws
Energy Minister David Mahlobo

Sasol shareholders approve new R21bn BEE structure

By: Megan van Wyngaardt     17th November 2017 Sasol Khanyisa, a R21-billion broad-based black economic empowerment (BBBEE) ownership structure, has been granted formal approval by Sasol shareholders. “We are delighted with this outcome as it marks a significant milestone in Sasol’s transformation journey. Sasol Khanyisa will be implemented... 

SNC-Lavalin signs multiyear agreement with Chevron

By: Anine Kilian     16th November 2017 Project management company SNC-Lavalin has inked a multiyear agreement with oil producer Chevron South Africa’s crude oil refinery in Cape Town, which will run until August 31, 2020.     As per the agreement, SNC-Lavalin’s scope of work includes the mechanical maintenance services of various... 

Shell, AfriForum, TKAG to discuss Karoo fracking 

By: Megan van Wyngaardt     15th November 2017 Shell South Africa country chairperson Hloniphizwe Mtolo will meet with civil rights and environmental protection organisations AfriForum and Treasure the Karoo Action Group (TKAG) to discuss environmental, legal and economic concerns over fracking. The groups received an official commitment from... 

Isabel dos Santos dismissed as chair of Angola's Sonangol – Presidency

By: Reuters     15th November 2017 Angolan President Joao Lourenco has dismissed Isabel dos Santos as chair of the country's State oil company Sonangol, the President's spokesperson said on Wednesday. Dos Santos will be replaced by Carlos Saturnino, a former Sonangol executive who was most recently secretary of state for oil. 

Solidarity ranks SOEs, lambastes 'cadre merry-go-round'

By: Anine Kilian     14th November 2017 Trade union Solidarity has ranked South African Airways (SAA) as the most poorly managed State-owned enterprise (SOE) in the country. Speaking at the launch of its latest report ‘South African State Institutions and the Value for Tax Money’, on Wednesday, Solidarity CEO Dirk Hermann said SAA... 

Solidarity ranks SOEs, lambastes 'cadre merry-go-round'

Ghana opens talks with Exxon on deepwater drilling contract

By: Reuters     14th November 2017 Ghana has opened talks with Exxon Mobil Corp to allow the US oil firm to undertake deepwater exploration off its coast, a deputy energy minister said on Monday. "The negotiations are ongoing according to our current laws ... so far so good," Mohamed Amin Adam told Reuters on the sidelines of an... 

Tullow Oil raises FY production guidance on Ghana fields

By: Reuters     13th November 2017 Tullow Oil raised its production guidance on Wednesday, aided by higher output from its TEN and Jubilee fields in Ghana. The company now expects full-year West Africa net oil production, including production-equivalent insurance payments, to come in at 85 000 bbl/d to 89 000 bbl/d, compared with... 

400 emergency shutdown valves supplied to Oman petrochemicals project

     10th November 2017 Industrial product supplier Metso supplied 400 industry-leading Neles emergency shutdown (ESD) valves for an ethylene cracker as part of the new Liwa Plastics Industrial Complex (LPIC) project in Oman. The new complex will process light ends produced in State-owned oil company Oman Oil Refineries... 

400 emergency shutdown valves supplied to Oman petrochemicals project
SOHAR REFINERY Orpic is undertaking strategic growth projects including the Sohar Refinery Improvement Project and the Liwa Plastics Industrial Complex

Petrochemicals product supplier launches ball valve

     10th November 2017 Last month, multinational oil and gas product supplier Schlumberger announced the release of the GROVE IST integrated seat technology ball valve. The company, which has an Angolan office that services the Democratic Republic of Congo, Gabon, Kenya, Mozambique, Namibia, South Africa, Tanzania, and... 

Gas company secures onshore petroleum production right

By: Mia Breytenbach     10th November 2017 The Petroleum Agency of South Africa has granted integrated alternative and renewable-energy business Renergen’s Tetra4 subsidiary environmental authorisation for its Free State natural gas development. The authorisation, the processing of which has taken more than two years, with multiple rounds... 

Gas company secures onshore petroleum production right
PRODUCTION EXPANSION While Tetra4 already produces compressed natural gas, new expansions will include the liquefaction of the gas – the first in South Africa

Global oil exploration dips to 60-year low

By: Natasha Odendaal     1st November 2017 With exploration activity waning, global oil and gas exploration has reached an historic low, according to the latest PwC Africa oil and gas review 2017, which highlights just three new major discoveries in Africa during 2016 and the first half of 2017, compared with 11 in 2015. In 2016, there... 

Global oil exploration dips to 60-year low

Renergen reports modest interim results

By: Anine Kilian     31st October 2017 JSE-listed alternative and renewable energy business Renergen’s revenue increased by 179% to R1.4-million in the half-year ended August 31, bolstered by a higher diesel price following a weaker rand and higher oil prices in the period under review. The company’s cost of sales increased by 381% to... 

Financial results exhibit value-based growth

     27th October 2017 In the 2017 financial year, energy and chemicals company Sasol’s results portrayed value-based growth on a robust foundation owing to a strong business performance across most of the value chain. 

Financial results exhibit value-based growth
STRONG PERFORMANCE The company’s strong cost performance was achieved by the sustainable delivery of its Business Performance Enhancement Programme and Response Plan

Company mitigates refinery industry challenges

By: Marleny Arnoldi     27th October 2017 Amid the weak demand and low prices that have hampered strategic decision-making and stalled planning for the oil and gas industry globally, specialised engineering company RTS Africa Engineering says improved technologies facilitating the understanding of process variables allow for cautious... 

Company mitigates refinery industry challenges
MEASURING HYDROGEN The Hy-Optima 2700 series hydrogen analysers uses a solid-state, non-consumable sensor that is configured to operate in process gas streams

Continued volatility impacts on energy and chemicals company

     27th October 2017 Continued volatility in the macroeconomic environment, particularly the stronger rand and low oil price, has adversely impacted energy and chemicals company Sasol’s financial performance, says Sasol CFO Paul Victor. 

Continued volatility  impacts on energy and  chemicals company
Photo by Bloomberg
RECORD PRODUCTION Sasol showed great resilience and character through delivering record production volumes at Secunda Synfuels

CTL beneficial as a synfuel

By: Marleny Arnoldi     27th October 2017 Depending on market forces and subsequent regulations, coal-to-liquids (CTL) as a fuel alternative could be beneficial for the synfuels industry, especially for companies that diversify outside of conversion processes to include other capabilities, says synfuel company Synfuels Americas.  

CTL beneficial  as a synfuel
JUDD SWIFT The cost of cleaner resources and technology makes conversion unreasonable for developing economies

First synthetic Blue Crude plant to start operation in 2020

     27th October 2017 The mass production of the environment-friendly synthetic crude oil substitute Blue Crude will become a reality from 2020, says research and development company Sunfire.  

First synthetic Blue Crude plant to start operation in 2020
GOING BLUE Refineries can use Blue Crude as a raw material for waxes, and petrol, diesel, kerosene and even rocket fuel

Initiatives aim to reduce carbon footprint and production costs

By: Simone Liedtke     27th October 2017 Current initiatives in the global synthetic fuels (synfuels) industry are focussing on using coal feedstock more efficiently to reduce operational and capital costs of production, states chemicals process engineering company Holland and Hausberger CEO Dr Brendon Hausberger. 

Initiatives aim to  reduce carbon footprint and production costs
GENERAL PUBLIC PERCEPTION The general public perception is that coal is a dirty and undesirable environment-costly option

Sasol mitigates material matters issues in 2017

     27th October 2017 To mitigate material matters that could substantially affect its ability to create value in the short, medium or long term, as a result of not being able to execute its strategy and the impact thereof on its ability to stay competitive, petrochemicals giant Sasol has outlined a five-step process... 

Sasol mitigates material matters issues in 2017
MANAGING MATTERS Sasol reviews and monitors material matters through stakeholder inclusiveness always keeping a sustainability context in mind

Oil prices still struggling but huge potential ahead for Africa

By: Kim Cloete     26th October 2017 Experts from UK-based Standard Chartered Bank expect the oil price will remain in the $45/bl to $60/bl-plus range. “We are in a lower for a longer cycle,” Standard Chartered Bank global head of energy and natural resources Peter Gaw told delegates at the Africa Oil Week, in Cape Town. 

US to strengthen energy partnerships in Africa, says US Energy Secretary

By: Kim Cloete     25th October 2017 US Energy Secretary Rick Perry says his government is committed to strengthening its energy partnerships with African countries, but has called for a clear and transparent regulatory environment. “There is no more important message that governing bodies can send to both the US government and the... 

US to strengthen energy partnerships in Africa, says US Energy Secretary
US Energy Secretary Rick Perry

New AfDB, OpenOil report shows gaps in extractive resources management

By: Natasha Odendaal     20th October 2017 The African Development Bank (AfDB) and Berlin-based financial analysis firm OpenOil are hoping to trigger a new debate within Africa’s oil and gas and mining sectors with the publication of a jointly produced report on how African governments use financial models to manage projects. In an effort... 

Local gas company trials diesel dual-fuel kits on long-haul trucks

By: Mia Breytenbach     20th October 2017 As fleet operators increasingly aim to enhance fuel efficiency and reduce costs, natural gas company Tetra4, a subsidiary of JSE-listed energy company Renergen, has started trialling diesel dual-fuel (DDF) kits on two European brands of trucks to establish the advantages of natural gas as a fuel... 

Local gas company trials diesel dual-fuel kits on long-haul trucks
SAVINGS PURSUIT Indicative results can play a role in the development of an alternative cost-saving methodology for fleet owners and in pursuing and encouraging fleet optimisation
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