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Oil, gas outlook positive amid tough conditions, says PwC review

By: Kim Cloete     7th November 2018 The outlook for Africa’s oil and gas industry is positive, despite tough economic conditions and far fewer discoveries over the past year, PwC’s yearly 'Africa Oil & Gas Review' shows. The review indicates how the industry has responded in the wake of the recovery of the oil price to close to... 

ITE's emerging market hit takes shine off Mining Indaba deal

By: Reuters     3rd October 2018 Exhibition organiser ITE said it would buy Mining Indaba, the world's largest mining investment conference, from Euromoney, but added that the fall in the Russian rouble, Brazilian real and Turkish lira would hurt 2019 results. The warning took the shine off the Mining Indaba deal, which analysts... 

Tullow Oil optimistic about prospects in Africa

By: Kim Cloete     2nd October 2018 Oil and gas exploration and production company Tullow Oil has outlined its sharper and deeper focus on Africa, with upbeat outlooks for its projects in both West and East Africa.   Despite a shift to cleaner energy and alternative energy sources, Tullow Oil also believes there will be strong... 

PetroSA says it is committed to ethical leadership

By: Kim Cloete     1st October 2018 PetroSA has told international and local players in the energy space that it is committed to ethical leadership and prudent business management. “What has become pronounced is the issue of ethics in State-owned entities (SoE) and more broadly in government and elsewhere. National oil companies... 

Affordability of energy must be prioritised – Radebe 

By: African News Agency      5th September 2018 South Africa's Energy Minister Jeff Radebe has urged the prioritisation of energy affordability in order to attract investment. During his keynote address at the Africa oil and power conference held at the Cape Town International Convention Centre he said it was imperative in order to create jobs. 

Tullow Oil picks Australia's Worley Parsons for Kenya contract

By: Reuters     29th May 2018 Tullow Oil has awarded an engineering design contract for oil production in its northern Kenyan blocs to Australia's Worley Parsons, a Kenyan petroleum ministry official told Reuters on Tuesday. Kenya this month moved a step closer to full production at the blocs when the local government and the... 

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.  

Framework continues to form sector foundation

By: Simone Liedtke     16th February 2018 The economic opportunity represented by the continent’s need for energy makes the African energy industry an attractive prospect for foreign investment, says law firm Norton Rose Fulbright director Lizel Oberholzer. 

Reducing costs in the oil and gas industry: how mechanical pipe systems can help oil companies streamline operations

8th January 2018 Arrie Nel, Territory Manager at Victaulic   PwC’s “Africa Oil and Gas Review” for 2017, which was released in November, highlights how the global industry is still adjusting to the realities of a $50 to $60 per barrel oil price landscape. On the continent, other challenges that are specific to... 

Clean-fuel delay to crimp SA’s access to latest vehicle technology

By: Irma Venter     10th November 2017 The delay in the introduction of clean fuels in South Africa will halt the flow of new vehicle technology to South Africa, warns the National Association of Automobile Manufacturers of South Africa (Naamsa). “With the widespread introduction of new technology, including new four-way... 

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... 

Naamsa questions ‘illogical’ carbon tax as clean fuels legislation stalls

By: Irma Venter     30th October 2017 The delay in the introduction of clean fuels in South Africa will halt the flow of new vehicle technology to South Africa, warns the National Association of Automobile Manufacturers of South Africa (Naamsa). “With the widespread introduction of new technology, including new four-way... 

US Energy Secretary defends its stance on nuclear and clean coal

By: Kim Cloete     26th October 2017 US Energy Secretary Rick Perry has defended the US government’s suggested pivot towards clean coal and nuclear energy, saying nuclear and coal producers had been discriminated against in the Obama era. “Basically, we’re saying the government is going to be fair to nuclear and coal . . . no... 

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... 

Importing refined fuels quicker and more financially viable for Africa

By: Robyn Wilkinson     8th September 2017 Rather than focusing time and finances on establishing new oil refineries, African countries should enhance their focus on a niche market strength that will enable them to become competitive in a global market, accepting that the import and storage of refined fuels is a quicker and more... 

Two pipelines test economics of East Africa’s oil developments

By: Bloomberg     7th April 2017 A decade after its first big oil find, East Africa’s emergence as a crude exporter has been hindered by security and cost concerns that left the region building two pipelines instead of one. Uganda and Kenya are developing two new basins and originally agreed to build one line to connect the... 

Tullow Oil reports more exploration success in Kenya

By: John Muchira     27th January 2017 British company Tullow Oil has discovered more crude oil in Kenya, igniting confidence that the East African country's recoverable reserves could top one-billion barrels. Barely a few months before the country embarks on small-scale crude production, Tullow Oil has announced the discovery of more... 

Oil & Gas Basin Opens in Kenya

8th August 2014 Murmurs that Kenya is about to become a major petroleum province have now reached a dull roar. On June 24, 2014 Africa Oil announced it has made a major gas discovery (six million cubic feet per day) at the Sala-1 well on Block 9 onshore Kenya, significantly de-risking the “string of pearls” play... 

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