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Topic - Energy Giant
Sep 26, 2014
Efforts by the Kenya government to increase energy generation by 5 000 MW over the next three years received a major boost following the award of a $2-billion contract to build a coal power plant in Lamu.  Despite allegations of irregular tendering process, the...
May 09, 2014
DAVID HITCHMAN GAC Angola is working closely with GAC Shipping South Africa to reduce any shipment delays
Global provider of integrated shipping, logistics and marine services Gulf Agency Company (GAC) is aiming to increase its involvement in Angola’s oil and gas sectors. GAC Angola GM Michael Sturesson tells Engineering News that several major upstream projects are...
Feb 13, 2014
A subsidiary of energy giant Santos has signed a deal with ASX-listed New Guinea Energy (NGE) to acquire a 50% interest in a petroleum prospecting licence, in Papua New Guinea, for $40-million. Under the sales agreement, Santos has agreed to fund NGE subsidiary...
Jul 26, 2013
Canada is expecting a boom in oil production from its prolific Alberta oil sands deposits; however, production from the world’s third-largest proven oil reserves, after Saudi Arabia and Venezuela, is hampered by a lack of sufficient transport to markets, resulting in...
Jul 05, 2013
Energy giant BP South Africa would invest R105-million over the next six years in a youth development programme aimed at bridging “the gap between high school and university”. The specially designed Targeting Talent programme would provide holistic talent development...
Jun 26, 2013
Canada’s Conservative federal government will, in future, require existing and new pipeline companies to have at least $1-billion financial capability on hand to cover any spills on Canadian soil. Natural Resources Minister Joe Oliver made the announcement in...
Jun 01, 2013
The recently elected Liberal government of British Columbia (BC), under the leadership of Premier Christy Clark, has rejected the $5.5-billion Northern Gateway pipeline project on environmental concerns. Energy giant Enbridge’s pipeline project, which entailed the...
May 21, 2013
The Sasol Pension Fund, in a 50:50 partnership with developers Alchemy Properties, will, this month, start construction on a ten-storey, 67 000 m2 office building at 2 Katherine Street, in Sandton. Once completed in the second half of 2016, it would be leased to...
Jan 24, 2013
Nov 06, 2012
Oct 25, 2012
Jun 06, 2012
Feb 07, 2012
The market capitalisation of Western Australia-listed companies, which comprise the Deloitte Western Australia Index, increased by 9.6% in January to a close of A$168.9-billion, the advisory firm reported on Tuesday. Deloitte noted that the Australian market...
Jan 24, 2012
Peabody Energy, the world’s biggest private-sector coal miner, on Tuesday posted a 5% quarter-on-quarter rise in earnings for the quarter ended December, as a jump in costs and charges related to its MacArthur Coal acquisition ate into profits. For the full year,...
May 03, 2011
US energy giant Chevron was seeking approval from the Australian federal government to increase the scope of its Gorgon project, in Western Australia. Chevron, on behalf of the Gorgon joint venture, was seeking to expand the project’s capacity from a three train to...
Apr 21, 2011
South Africa’s Cabinet endorsed the Department of Mineral Resources’ (DMR’s) decision to declare a moratorium on natural-gas drilling in the Karoo region, government spokesperson Jimmy Manyi said on Thursday. The Cabinet also appointed a task team to investigate the...
Apr 21, 2011
South Africa’s Cabinet endorsed the Department of Mineral Resources’ (DMR’s) decision to declare a moratorium on natural-gas drilling in the Karoo region, government spokesperson Jimmy Manyi said on Thursday. The Cabinet also appointed a task team to investigate the...
Apr 05, 2011
Treasure the Karoo Action Group (TKAG), an organisation established to promote the environmentally sustainable development of the Karoo, on Tuesday submitted its written objection to energy giant Shell’s application to use hydraulic fracturing (‘fracking’) in its...
Apr 05, 2011
Treasure the Karoo Action Group (TKAG), an organisation established to promote the environmentally sustainable development of the Karoo, on Tuesday submitted its written objection to energy giant Shell’s application to use hydraulic fracturing (‘fracking’) in its...
Jan 31, 2011
Energy giant Shell said on Monday that all concerns raised over the envisaged shale gas exploration activities in South Africa’s Karoo basin would be taken “very seriously” and would be integrated into the environmental management plan (EMP). Shell communications...
Jan 17, 2011
Energy giant Shell has appointed an independent consultancy to compile an environmental management programme for its shale gas exploration activities in South Africa’s Karoo basin. Shell submitted an application to the Petroleum Agency of South Africa (Pasa) for...
Sep 13, 2010
Energy giant Shell is confident of finding shale gas in South Africa, CEO Peter Voser said on Monday. The company has been granted permits to explore for the fuel by Petroleum Agency SA, along with oil and gas company Falcon. Sasol and Anglo American have also...
Jun 25, 2010
From finger-pointing at the Copenhagen climate summit to a flurry of new project approvals, 2010 started with a bang for the Canadian oil sands industry. Fast forward six months later, and the question on the lips of investors and pundits alike is: What implications...
Apr 01, 2009
Danish energy giant, Dong Energy, and the Danish Embassy in South Africa on Wednesday signed an agreement that would see the embassy assist the company to enter the Clean Development Mechanism (CDM) market in South Africa. The embassy would help Dong to identify...
Apr 02, 2008
African oil company Oando said on Wednesday that its transaction with energy giant Shell that would see it buying reserves off Nigeria's shoreline had been revised. It first announced the deal on February 25, which would see it buying a 49,81% interest in...
Feb 28, 2008
French energy giant Areva said on Thursday that it had signed a contract worth some €80-million (around R20,6-million) with aluminium producer Rio Tinto Alcan, to build a power supply system for its new smelter in Port Elizabeth. Under this contract, the...
Jul 20, 2007
Petrochemical giant BP and biodiesel producer D1 Oils, which is listed on London's Alternative Investment Market, have announced plans to establish a global joint venture based on the planting of Jatropha curcas trees.
Oct 27, 2006
United States-based energy group giant AES is at the initial stages of re-establishing itself in the Southern African energy sector.
Aug 11, 2006
State-owned electricity utility, Eskom, is currently investigating the possibility of using hydrogen to generate electricity, as part of its resource diversification strategy.
Oct 28, 2005
South Africa’s fuel and energy giant Sasol is largely at the mercy of the global oil price.
Apr 21, 2004
Process technology developed by the UK energy giant BP will be employed by petrochemical group Sasol at Secunda, where a new polypropylene production plant is to be built.
Mar 26, 2004
Black empowerment group Kagiso Ventures Private Equity and international energy giant Areva have acquired shares in leading local engineering group Alstom SA.
Mar 09, 2004
South African energy giant Sasol said yesterday it was expecting to make savings of R1-billion during this year, as part of an effort to reduce the effect of negative macrovariables.
Feb 13, 2004
Leading local black economic empowerment group Alstom SA, a large player in energy and transport infrastructure in southern Africa, continues to grow, owing to its ability to meet the requirements of the diverse range of sectors it serves and its adaptability to...
Feb 06, 2004
A $250 000 pilot project demonstrating how solar energy can play a role in the reconstruction of rural communities has been launched in Angola.
Jun 06, 2003
A South African consortium, led by development finance institution the Industrial Development Corporation (IDC), is hoping to conclude a deal to set up a R37,5-million oil and gas joint venture in Nigeria during the course of June.
Mar 12, 2003
European power stations are showing increased interest in burning olive waste, with Greece and Tunisia grabbing a large slice of the green power business, an Italian olive oil industry official said yesterday.
Sep 20, 2002
Swiss-based industrial engineering group ABB fell to fresh lows on Wednesday, after it announced the sale of its metering business to Germany's Ruhrgas for $244-million to help cut its mountainous debts.
Aug 26, 2002
China's top oil and gas company China National Petroleum Corp (CNPC) said last week it has been awarded a $230-million contract to build twin 520km oil and gas pipelines in Libya.
Aug 23, 2002
The South African gas industry’s current turnover of R1-billion a year is set to nearly double with the arrival of natural gas from Mozambique in 2004.
Aug 02, 2002
Just imagine if Eskom had been privatised two years ago and US energy giant Enron had acquired and restructured large parts of the electricity supply business in South Africa.
May 16, 2002
The world’s largest publicly traded oil company, Exxon Mobil, announced a new oil discovery by its Nigerian unit bearing a test rate of 5 000 barrels per day.
Feb 07, 2002
South African gold producers cheered a rocketing gold price and the promise of fatter profits on Wednesday, but they saw no immediate impact on production plans in the world's biggest gold mining country.
Nov 27, 2001
Mining and energy giant BHP Billiton has announced the closure of its Palmiet Ferrochrome operation, located in Krugersdorp, South Africa, effective immediately.
Aug 30, 2001
Italian energy giant Eni has started work on a $3-billion offshore Angola deepwater oil plant, in which it has a 20% stake.
Aug 23, 2001
An official of Royal Dutch/Shell has reported that the company is studying the possibility of making a smokeless energy brick for cooking in African villages to reduce firewood consumption.
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