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Tullow Oil hit by payment delay, but sees higher output

By: Reuters     16th January 2019 A delay in receiving payment from the sale of a stake in Ugandan oilfields caused Tullow Oil to miss cash flow and debt forecasts on Wednesday, although the firm said it expected to receive the money soon and also forecast higher production. The Africa-focused company said it expected production... 

Trapped Indian miners presumed dead

By: Ajoy K Das     15th January 2019 After more than a month, 15 illegal miners trapped in a coal mine in the north-eastern Indian state of Meghalaya are presumed to be dead even though the Supreme Court monitoring rescue operations said that “hunt must continue as miracles do happen”. On December 13, 15 miners were trapped 370 ft... 

Electric forklifts for fast-growing drinks producer

15th January 2019 Multi-national beverage manufacturer, Kingsley Beverages, has become the first largescale company in South Africa to make the switch from internal combustion-engine forklifts to more productive and efficient electric machines from Linde. With a fleet of more than 80 forklifts the company has... 

Argentina set to join global mining transparency initiative

By: Reuters     15th January 2019 Resource-rich Argentina is expected to join the international transparency standard for managing oil, gas and mineral resources, the Extractive Industries Transparency Initiative (EITI) said on Monday, which could make it more attractive for investors. The global initiative, launched by... 

BP awaits BHP decision on Atlantis spend

By: Esmarie Iannucci     9th January 2019 Energy giant BP has approved a $1.3-billion expansion of its Atlantis field, in the Gulf of Mexico. The Atlantis Phase 3 development will include the construction of a new subsea production system from eight new wells that will be tied into the current plantform, off the US coast. 

If you can't pipe it, refine it: Alberta seeks oil glut solution

By: Bloomberg     7th January 2019 What’s worse: Too much oil, or too much gasoline? The government of Alberta, weighing the potential of a new refinery for the province, may be on its way to finding out. In 2018, surging crude production in the Canadian province ran into limited space on export pipelines, creating bottlenecks and... 

Total starts production at Nigeria's deepwater Egina oilfield

By: Reuters     4th January 2019 Total SA said on Wednesday it had started production from the Egina oilfield off Nigeria's coast, part of a shift by the French energy firm towards deepwater oil and gas projects to its drive cashflow. Output from Egina, which is located in waters about 1 600 m deep, is expected to plateau at... 

Petrobras to focus on core business, spat with govt to be resolved soon -officials

By: Reuters     4th January 2019 Brazilian officials on Thursday predicted a quick resolution to a dispute with Petroleo Brasileiro SA over offshore oil blocks and doubled down on pledges to steer the state-run firm toward its core businesses like oil exploration. At the swearing-in ceremony for new CEO Roberto Castello Branco,... 

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... 

HAZLETON PUMPS introduces the SA HIPPO submersible slurry pump on-site mechanical seal replacement system.

By: Creamer Media Reporter      6th November 2018 The HIPPO Submersible pump range has been successfully in use since 1984 and HAZLETON PUMPS decided to re-design this range of pumps in order that the mechanical seals can be replaced on-site by the user without having to remove the shaft, bearings, the electrical stator winding or the pump... 

Petrobras to sell stake in Africa unit to Vitol-led group for $1.5bn

By: Reuters     1st November 2018 Brazil's Petroleo Brasileiro SA will sell its 50% stake in a Nigerian oil and gas exploration venture to a consortium led by top oil trader Vitol for $1.53-billion, the latest step in the state-controlled oil company's debt reduction drive, according to a securities filing on Wednesday. The other... 

Nigeria's NNPC signs crude-for-product swap deal with BP

By: Reuters     1st November 2018 Nigeria's state oil firm NNPC said it had signed a crude-for-product swap deal with oil major BP. In its brief statement on Twitter late on Wednesday, NNPC said more details would be provided later. BP and NNPC did not immediately respond to requests for comment on Thursday. 

TBCSA welcomes R294 billion investment into SA economy

30th October 2018 The Tourism Business Council of South Africa (TBCSA) welcomes the announcement of investment commitments totalling R294 billion at the recently-concluded inaugural Investment Conference hosted by President Cyril Ramaphosa in Sandton. TBCSA believes that the commitments, once converted into live... 

Atlas Copco WEDA 50+ and 60+ pumps take dewatering solutions to the next level

30th October 2018 Atlas Copco has solidified its place at the forefront of the pumps industry with the introduction of WEDA 50+ and 60+ dewatering pumps. These pumps have been designed to provide customers with enhanced levels of performance alongside improved efficiency, hassle-free maintenance as well as... 

Offgrid firm BBOXX targets two new African markets with EDF – CEO

By: Reuters     30th October 2018 UK-based off-grid power company BBOXX is looking to enter two new African markets in partnership with France's EDF Group next year as it capitalises on growing interest in the sector from large energy companies, its chief executive said on Monday. The two companies announced last week that the... 

Saudi miner Ma'aden actively looking for overseas investments - CEO

By: Reuters     26th October 2018 Saudi Arabian Mining Co (Ma'aden), the Gulf's largest miner, is actively looking for investment opportunities overseas that would complement and strengthen its business inside the kingdom, the company's CEO said on Thursday. Ma'aden, which mines gold and copper and has in recent years expanded... 

Volvo launches new 95 t rigid hauler for coal, bulk commodities industries

By: Schalk Burger     26th October 2018 Earthmoving equipment manufacturer Volvo Construction Equipment on Thursday launched a new 95 t rigid hauler for the coal and bulk commodities industries in Southern Africa. Its local partner, construction equipment company Babcock Equipment, would provide the support and services for the... 

Automatic shut-off valves improve plant safety

By: Paige Müller     26th October 2018 Valves, steam and combustion system solution provider Heaton Valves Africa (HVA), states that its extensive range of German-made Albrecht-Automatik safety shut-off systems and components, significantly improve combustion system operational safety in the industries it serves. HVA combustion... 

Sasol poised to improve operational performance in 2019

26th October 2018 Integrated chemicals and energy company Sasol reported that it is well positioned to continue improved operational performance in the 2019 financial year despite electricity supply interruptions, as its sales volumes increased by 1% for its performance chemicals business owing to robust market... 

New genset aims to transform the power base of Africa’s telecoms towers

By: Natasha Odendaal     26th October 2018 Microturbine generator sets (genset) designer, developer, engineer and manufacturer Bladon Micro Turbine has developed a microturbine genset specifically designed for the global telecoms tower market. The Coventry-based group’s first commercial product, the 12kW Bladon MTG12, aims to dominate the... 

MMP announces shortlist of three in rock-drill innovation challenge 

By: Irma Venter     25th October 2018 The Mandela Mining Precinct (MMP) has announced the three winners of phase 1 of its Isidingo Drill open innovation challenge. They are Novatek, HPE and Fermel. Fermel is a Gauteng-based manufacturer of mechanised machinery for underground hardrock and flameproof mining operations. 

Hands off Brazil's niobium: Bolsonaro sees China as threat to utopian vision

By: Reuters     25th October 2018 Jair Bolsonaro, the far-right candidate favored to win Brazil's Presidential election this Sunday, has a vision for his nation's economy: niobium. This mineral is used as an additive to steel to make the metal stronger and lighter. Niobium is in high demand by automakers, aerospace companies and... 

Modern Water signs AMBC collaboration for Africa

24th October 2018 Modern Water plc, the owner of leading technologies for water and wastewater treatment and for the monitoring of water quality, has entered into a collaboration agreement with WEC Projects (Pty) Ltd, a leading South African EPC (engineering, procurement & construction) contractor which... 

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.  

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