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US Justice Dept demands details from Glencore on intermediary firms – sources

By: Reuters     23rd October 2018 The US Department of Justice is seeking documents from Glencore about intermediary companies that the commodities firm has worked with in the Democratic Republic of Congo, Venezuela and Nigeria, sources familiar with the matter said. The investigation is not directed at Glencore's own activities... 

Glencore CEO said to tell investors he'll retire in 3 to 5 years  

By: Bloomberg     22nd October 2018 Ivan Glasenberg, who built Glencore into a dominant force in commodities trading and became the face of the industry, told investors he plans to retire in three to five years, according to people familiar with the matter. Glasenberg discussed his succession plan in recent meetings and said he has... 

Sub-Saharan Africa's big economies yet to recover

By: Reuters     19th October 2018 Sub-Saharan Africa's economic recovery will progress slowly into next year, as the continent's biggest drivers struggle to move into higher gear despite a healthier global economy, a Reuters poll found on Friday. Commodity prices have improved and the global economy is in good shape, but Nigeria... 

Sales and production soar at Woodside

By: Esmarie Iannucci     18th October 2018 Australia’s Woodside Petroleum has seen an increase in both production and sales revenues for the third quarter, as its Wheatstone liquefied natural gas (LNG) project continued to contribute strongly to operations. “Production at Wheatstone LNG continued ahead of plan, underpinning a 13.8% rise... 

Nigeria State oil company denies existence of $3.5bn fuel subsidy fund

By: Reuters     17th October 2018 Nigeria's State oil company on Wednesday denied parliament's accusation that it had a $3.5-billion fund to surreptitiously subsidise imports of gasoline. The upper house Senate said on Tuesday it would investigate the fund it said the Nigerian National Petroleum Corporation (NNPC) was using... 

Wits Business School Addresses the Energy Sector Skills Shortage

By: Creamer Media Reporter      15th October 2018 The energy landscape in Africa is changing dramatically.  Opportunities abound for investments, partnerships and other initiatives in the sector, particularly in oil and gas and renewable energy. The World Bank's Africa Energy project portfolio currently carries 48 projects totalling US$3... 

China swoops in on Canadian oil that's $50 below US crude

By: Bloomberg     11th October 2018 Chinese oil buyers are making a beeline for a bargain across the Pacific. With Canadian oil over 60% cheaper than US benchmark West Texas Intermediate and global marker Brent, China’s refiners are being lured to the heavy, sludgy crude. That’s because – apart from being a source of fuel – it’s... 

Blockchain tech coming to commodities, Masters tells LME

By: Bloomberg     10th October 2018 The blockchain is coming to commodity markets, Blythe Masters told guests at the London Metal Exchange annual dinner during LME Week. The virtual ledger technology underlying cryptocurrencies such as Bitcoin promises greater confidentiality, fewer paper exchanges, better provenance and a boost in... 

Africa needs to invest more in infrastructure to meet Agenda 2063 goals

By: Marleny Arnoldi     9th October 2018 For Africa to reach its Agenda 2063 goals, the necessary infrastructure needs to be in place, especially to support Africa’s accelerated integration and growth, technological transformation, trade and development. This will include high-speed railway networks, roads, shipping lines, sea and air... 

IEA urges Opec to open the taps as oil market enters 'red zone'

By: Bloomberg     9th October 2018 The International Energy Agency made a direct appeal to Opec and other major oil producers to boost output, warning that prices are inflicting damage on the global economy. “We should all see the risky situation, the oil markets are entering the red zone,” IEA executive director Fatih Birol said... 

Mozambique signs oil exploration agreements with Exxon, Rosneft

By: Reuters     9th October 2018 The Mozambican government said on Monday it had signed oil exploration agreements with US energy firm Exxon Mobil and Russia's Rosneft. Mozambique's National Petroleum Institute, an energy regulator in the southern African country, said the government was preparing to sign similar agreements with... 

Bladon’s new microturbine genset to power up telecoms towers

By: Natasha Odendaal     9th October 2018 UK-based engineering pioneer Bladon Micro Turbine has launched its first commercial product, the Bladon MTG12 – a 12 kW (15 kVA) microturbine generator set (genset) dedicated to powering global telecoms towers. The microturbine genset manufacturer aims to dominate the telecoms tower market where... 

IMF cuts world economic growth forecasts as import tariffs, emerging market issues bite

By: Reuters     9th October 2018 The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2018 and 2019, saying that trade policy tensions and the imposition of import tariffs were taking a toll on commerce while emerging markets struggle with tighter financial conditions and capital outflows. The... 

Atlas Copco’s DrillAir compressor technology – why have two when one will do!

5th October 2018 Atlas Copco’s rugged and flexible DrillAir compressor range has been scientifically designed around pressure and flow to offer a superior quality compressed air solution for a wide range of high capacity drilling applications. The DrillAir range which includes the XATS 1200, XAVS 1000, V900,... 

Marine waste a pressing issue, but few solutions in sight 

By: Dylan Slater     5th October 2018 Plastics have become the “ubiquitous workhorse material” of the modern economy, combining unrivalled functional properties with low cost, and its use has increased twenty-fold in the past half-century, according to circular economy advocacy charity The Ellen MacArthur Foundation.  

Marine waste a pressing issue, but few solutions in sight

By: Dylan Slater     5th October 2018 Plastics have become the “ubiquitous workhorse material” of the modern economy, combining unrivalled functional properties with low cost, and its use has increased twenty-fold in the past half-century, according to circular economy advocacy charity The Ellen MacArthur Foundation.  

Fresh blow for emerging markets as rising oil hits importers

By: Bloomberg     4th October 2018 For years, higher oil prices have stoked gains in emerging-market currencies. But now, Brent crude’s rally to a four-year high is beginning to hurt them. Crude-oil futures rose above $85 a barrel this week for the first time since 2014 as concern about shrinking Iranian exports outweighed higher... 

Coal reaching $100/t in Europe boosts greener alternatives

By: Bloomberg     4th October 2018 Coal’s push to $100/t in Europe may benefit the greenest energy providers more than it does for miners. Companies that provide alternatives ranging from renewable power plants to natural gas turbines are expecting a lift after the commodity reached a five-year high. Far from spurring a revival... 

Shell LNG, trade deal no help to stalled Trans Mountain pipeline

By: Bloomberg     4th October 2018 Royal Dutch Shell’s commitment to invest in the largest private-sector project in Canada’s history and a new trade deal with the US and Mexico show the country is open for business again. But neither are likely to help Trans Mountain, the troubled oil pipeline project that has epitomized the... 

BHP sees major copper demand boost from China's widening belt and road

By: Reuters     4th October 2018 China's overseas expansion will spread over land that is home to more than half the world's population, potentially boosting copper use by 1.6-million tonnes, or roughly 7% of annual demand, major miner BHP said on Thursday. BHP has analysed the impact of China's Belt and Road Initiative (BRI),... 

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... 

Uganda to join transparency programme as it seeks mining investors

By: Bloomberg     2nd October 2018 Uganda plans to join a program aimed at rooting out corruption in resource industries as the East African nation seeks to reassure potential investors that it isn’t involved in “conflict minerals.” The Cabinet has already endorsed the plan to join the Extractive Industries Transparency Initiative... 

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... 

Govt to finalise biofuels regulatory framework by March 2019

By: Kim Cloete     1st October 2018 The government plans to finalise the long-awaited biofuel blending regulatory framework and have it approved by Cabinet before the end of March 2019, while the Department of Energy (DoE) is also focusing sharply on the development of gas-to-power opportunities. This was revealed in a speech read... 

NitraLife's nitrogen generation helps cut fabrication costs locally and in Africa

1st October 2018 In a breakthrough for the leading South African manufacturer of nitrogen generators, NitraLife, the company is proud to announce that it has exported a NitraCut nitrogen generator into Africa. To date, this is the first generator of this type to be exported pan-Africa. First Cut, South Africa's... 

Free State natural gas project, South Africa

By: Sheila Barradas     28th September 2018 The project entails the construction of a 52 km gas gathering pipeline and cryogenic liquefaction processing facilities. 

Kusile power plant project, South Africa

By: Sheila Barradas     28th September 2018 The remaining Kusile units are progressing well. 

IBAS Group

28th September 2018 South Africa based IBAS Group has grown to be one of the most consistent service providers in the demanding industrial access and related value-add sector. Founded 23 years ago to provide innovative solutions to energy and chemicals group Sasol’s Secunda and Sasolburg plants, Wouter Booysen, a... 

Biozin production plant, Norway

By: Sheila Barradas     28th September 2018 Biozin Holding is building a plant that will convert biomass to liquid biocrude. 

Efora Energy seeks strategic partner to jointly own, operate Lagia oilfield in Egypt

By: Marleny Arnoldi     27th September 2018 JSE-listed Efora Energy has decided it is best to seek a strategic partner to accelerate the development of its Lagia oilfield, in Egypt, following a strategic review of the project. The company will also consider reducing its interest in Lagia, as part of a partnership agreement.  

Opec will balance oil markets, but spare capacity limited – Nigerian official

By: Reuters     26th September 2018 The Organization of the Petroleum Exporting Countries (Opec) will act to balance the market after oil prices hit their highest in four years, but its options may be limited by available spare capacity, a Nigerian oil industry official said on Wednesday. "It's obvious that if you have high prices... 

Goldman backs commodities as trade war fury now met with shrugs

By: Bloomberg     21st September 2018 Commodity bull Goldman Sachs Group says raw materials are poised to gain into the end of the year as investors have now become used to trade-war tensions, growth in top economies remains strong, and consumers who’d put off purchases in recent months start buying again. Copper jumped. “This week... 

Atlas Copco launches latest high-efficiency oil-injected screw compressor

20th September 2018 The GA 90+-160 (VSD+) oil-injected screw compressors, the latest air compressor range in Atlas Copco’s smart AIR solutions portfolio, are designed for reduced energy consumption and ease of installation and service. The range features state-of-the-art compression elements with Smart Injection... 

PSV brings on board two key partnerships to drive strategy going forward

By: Marleny Arnoldi     19th September 2018 AltX-listed industrial holding company PSV Holdings has finalised an equity transaction with Regis Holdings and concluded a broad-based black economic empowerment (BBBEE) partnership with Beryl Holdings Partners. Regis is a Mauritanian-headquartered investment holding company, and Beryl... 

Atlas Copco launches latest high-efficiency oil-injected screw compressor

19th September 2018 The GA 90+-160 (VSD+) oil-injected screw compressors, the latest air compressor range in Atlas Copco’s smart AIR solutions portfolio, are designed for reduced energy consumption and ease of installation and service. The range features state-of-the-art compression elements with Smart Injection... 

Italy judge set to give first ruling in Nigeria oil graft case

By: Reuters     18th September 2018 Oil majors Shell and Eni will be carefully monitoring a first ruling this week by a Milan judge in one of the energy industry's biggest corruption scandals for clues to what might be round the corner for them. The two companies are embroiled in a long-running graft case revolving around the... 

New Botswana coal mine development under way – Minergy

By: Martin Creamer     18th September 2018 Work is under way on the new Masama coal mine, which Botswana Stock Exchange-listed Minergy expects to commission in January, ahead of its primary listing on London’s Alternative Investment Market (Aim) in the first half of next year. The 390-million-tonne Masama, located in the Mmamabula... 

Top miner sees US-China trade tensions limiting global growth

By: Bloomberg     18th September 2018 Rising US-China trade tensions threaten to curb consumer purchasing power, crimp productivity growth and limit global economic expansion, according to the world’s biggest mining company. The confrontation between the world’s top two economies, “along with an increasingly unpredictable policy... 

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