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Energy News

Solidarity attributes PetroSA retrenchments to mismanagement, poor political will

By: Donna Slater     25th January 2022 Trade union Solidarity claims that mismanagement and a lack of political will at South African national oil company PetroSA are the main reasons for a second retrenchment process instituted within 12 months of a previous process at the company.

According to Solidarity, the State-owned enterprise... 

Shell’s South African partner warns against halting oil search

By: Bloomberg     25th January 2022 Shell’s South African partner dismissed fears that seismic surveys for offshore oil and gas could endanger marine life and warned that halting searches could leave the country entirely dependent on crude imports. There is no evidence that seismic testing has “had any biologically significant... 

Natural gas, electricity price volatility and inflation the result of natural gas crisis

By: Schalk Burger     24th January 2022 Natural gas and electricity prices have spiked to record highs, most notably in Europe and some major Asian markets, causing potentially significant economic impacts and volatility in gas and electricity markets, driven by turmoil in natural gas markets, says intergovernmental organisation... 

IEA executive director Dr Fatih Birol
Photo by Bloomberg
IEA executive director Dr Fatih Birol

South African groups take court action to block seismic search

By: Bloomberg     23rd January 2022 South African groups are taking court action to block a seismic survey, used to find oil and gas resources, that’s planned off the country’s west coast. Environmental organizations and communities have increased efforts in recent months to stop the activity that they say is harmful to marine... 

Giant Dangote oil refinery to begin production in third quarter

By: Bloomberg     23rd January 2022 Nigeria’s giant new Dangote oil refinery will start processing crude in the third quarter of this year. Mechanical work on the refinery is complete and “hopefully before the end of third quarter we should be in the market,” Aliko Dangote, Africa’s richest man, said in a briefing at the plant site... 

Nigerian VP calls for natural gas to be accepted as a transition fuel

By: Darren Parker     21st January 2022 Nigerian Vice President Yemi Osinbajo has called for natural gas – which Africa has in abundance – to be accepted by the rest of the globe as a transitional fuel. In his address to the Davos Agenda 2022 – hosted by the World Economic Forum – on January 21, Osinbajo reminded world leaders that,... 

A photo of Nigerian VP Yemi Osinbajo
Photo by Bloomberg
Nigerian VP Yemi Osinbajo

Treasury extends deadline for comment on new tax proposals

By: Darren Parker     21st January 2022 The National Treasury has provided deadline extensions for public comment on three discussion documents that were published on December 15. Owing to the comment period falling partially over the holiday period when many businesses were closed and, consequently, numerous requests for extension... 

Treasury gazettes renewable energy premium notice

By: Darren Parker     21st January 2022 Finance Minister Enoch Godongwana has published a notice regarding the renewable energy premium in the Government Gazette. The purpose of the notice is to facilitate Section 6(2) of the Carbon Tax Act, which makes provision for taxpayers conducting electricity generation activities to offset the... 

Shell appeals $2bn judgment in Nigeria pollution case

By: Bloomberg     21st January 2022 A Nigerian court will hear Royal Dutch Shell Plc’s appeal to overturn an almost $2 billion award against the company for allegedly spilling oil in the West African country. The energy giant is challenging a November 2020 judgment in favor of community members claiming a leak from a company... 

SA’s aggressive decarbonisation strategy to start

By: Claire O'Reilly     21st January 2022 South Africa is planning to source 41% of its total energy supply from renewable energy –including solar photovoltaic (PV), wind, hydropower and concentrating solar thermal power components – by 2030, which energy solutions provider Energy Partners Intelligence head of business development Tygue... 

Integrated solution offers less reliance on national grid

By: Claire O'Reilly     21st January 2022 South Africa-based renewable-energy solutions company Solareff has designed and installed an integrated solar photovoltaic (PV), diesel generator and battery energy storage system (BESS), with an engineered energy management system (EMS), for a retail developer on the West Rand. 

Picture of the PV panels on the roof of a retail development on the westrand
SUNNY SOLUTIONS Now about 30% of the electricity load is generated from solar energy for a retail developer on the West Rand, generated from these photovoltaic panels

Firms and households tap rooftop power as load-shedding risk lingers

By: Natasha Odendaal     21st January 2022 Improving technologies, which reduce deployment costs, as well as lower tariffs and thousands of hours of sunshine every year, along with the continued challenges of State-owned power utility Eskom’s load-shedding, will likely drive more citizens and businesses to adopt solar photovoltaic (PV)... 

Engineering News and Mining Weekly cover image

Renewable alternatives critical to support Mpumalanga’s decarbonisation drive  

By: Tasneem Bulbulia     20th January 2022 The transformation and decarbonisation of the South African energy system is gathering momentum; however, a regional plan is required for the coal mining region of Mpumalanga, to prevent considerable economic and socioeconomic losses and ensure a just transition, and a push for renewable energy... 

Japanese multinational shows interest in plastic-to-hydrogen tech development

By: Marleny Arnoldi     18th January 2022 Plastics-to-hydrogen company Hydrogen Utopia International (HUI) has signed a letter of intent (LoI) with Japanese multinational Mitsubishi Heavy Industries whereby the latter will review HIU’s technology and explore commercial opportunities for developing more advanced facilities. HUI is... 

Green ammonia team aims for bankable project proposal within 18 months  

By: Marleny Arnoldi     18th January 2022 Since announcing plans to build a green ammonia export plant in Nelson Mandela Bay, the partners behind the project Hive Hydrogen, Built Africa and Afrox subsidiary Linde have witnessed a great deal of interest in this first-of-its-kind undertaking. The R75-billion project heralds a new area for... 

Hive Hydrogen South Africa chairperson Thulani Gcabashe
Hive Hydrogen South Africa chairperson Thulani Gcabashe

African energy at point of transition to uncertain destination

By: Tasneem Bulbulia     18th January 2022 Buffeted by a historic recession in 2020, sub-Saharan Africa's energy sector and economy experienced a challenging 2021, exacerbated by Covid-19-related complications. Now, the region's economies are rebounding and, spurred by the global energy transition, governments are decarbonising across the... 

Industrial gas consumers ‘staring down barrel of gun’ as big July hike looms 

By: Terence Creamer     17th January 2022 A court application to have the energy regulator’s 2021 approval of Sasol Gas’s maximum gas prices set aside as irrational is but the latest clash in what has been a long-running saga over the way domestic gas prices are set in a market bereft of competition. This time, however, the stakes for... 

IGUA-SA executive officer Jaco Human
IGUA-SA executive officer Jaco Human

Vivo Energy CFO Doug Lafferty resigns to join Aston Martin

By: Tasneem Bulbulia     14th January 2022 JSE-listed African fuel and lubricants retailer Vivo Energy CFO Doug Lafferty has resigned to take up the position of CFO at Aston Martin Lagonda Group. He will, however, remain a director of Vivo Energy until he leaves, which will be no later than July 31. 

Mantashe says DMRE committed to pursuing energy mix that ensures security of supply

By: Tasneem Bulbulia     14th January 2022 The Department of Mineral Resources and Energy (DMRE) will continue to pursue an energy mix that will ensure security of supply, while remaining cognisant of the country’s international commitments to respond to climate change, Mineral Resources and Energy Minister Gwede Mantashe said during a... 

Another seismic survey is heading to SA waters, this time from Australia

By: News24Wire      13th January 2022 Just as the Amazon Warrior, a vessel that was to conduct a seismic survey off the Wild Coast on behalf of Shell, left South Africa, attention is now focused on another planned survey, this time off the West Coast. In December, the Makhanda High Court granted an interim interdict to halt Shell’s... 

Indian Ocean

Southern African bloc extends Mozambique troop deployment

By: Reuters     12th January 2022 Southern African countries agreed at a summit on Wednesday to extend their troop deployment in Mozambique to help the government fight an Islamic State-linked insurgency, a communique said. The countries, linked in the Southern African Development Community, agreed in June to send troops to help... 

Opinion: The ocean economy is integral to the revival of the Eastern Cape's habitability

12th January 2022 With its immense resource wealth and potential to boost economic growth, employment and innovation, the ocean in the Eastern Cape could become the new economic frontier, writes Nelson Mandela University Infrastructure Development & Engagement Unit associate Bongani Mankewu. 

Bongani Mankewu

Opinion: Shell prevented from proceeding with seismic survey offshore of South Africa’s Eastern Cape province

10th January 2022 In this opinion piece, law firm Herbert Smith Freehills partner and Africa co-chairperson Peter Leon, senior associate Ernst Muller and associate Mandy Hattingh write about the High Court's decision to grant local communities an urgent interim injunction prohibiting Shell from conducting any... 

Herbert Smith Freehills partner Peter Leon
Photo by Creamer Media
Herbert Smith Freehills partner Peter Leon

Goldman bullish on commodities, seeing years-long supercycle

By: Bloomberg     7th January 2022 Goldman Sachs Group is “extremely bullish” on commodities, amid a supercycle that has the potential to last for a decade, according to Jeff Currie, the bank’s global head of commodities research. The new year has started against a backdrop that includes record dislocations in energy, metals and... 

Clean energy and climate change on South Africa's radar   

7th January 2022 Mining Weekly Editor Martin Creamer discusses decarbonisation as an opportunity to create quality employment; South Africa's need to transition to clean energy without creating job losses and ghost towns in areas where fossil fuels provide the overwhelming economic support; and South Africa's... 

Photo of Martin Creamer
Clean energy and climate change on South Africa's radar

US to become largest LNG exporter, China largest importer in 2022 – IHS Markit

By: Schalk Burger     6th January 2022 The US will become the world's top exporter and China the top importer of liquefied natural gas (LNG) in 2022, says NYSE-listed market research and analysis company IHS Markit in its 'LNG Trade in 2021: Runaway Recovery'  report. The report finds that the US, which was the third-largest LNG... 

Tullow CEO signals oil’s heady days over with spending clampdown

By: Bloomberg     6th January 2022 Oil explorers have flown high and crashed back to earth over the past decade, and Rahul Dhir knows both parts of the journey better than anyone. He made his name 15 years ago with the multibillion-dollar initial public offering of a company that made a huge crude discovery in India. Dhir is now... 

Shell’s seismic vessel leaving South Africa after court loss

By: Bloomberg     5th January 2022 The vessel hired by Royal Dutch Shell to look for potential oil- and gasfields is on course to leave South African waters after community groups won a court case to temporarily halt the activity. A judge on December 28 granted local activists an interim interdict blocking any seismic surveys... 

EU proposal to label natural gas as green energy good for Africa, says African Energy Chamber

By: Schalk Burger     4th January 2022 African energy sector organisation the African Energy Chamber has welcomed a European Union (EU) proposal to label natural gas as a green energy source, as well as the EU's support for an inclusive energy transition. The chamber noted in a statement this week that Africa had to industrialise to... 

Fuel prices will be cut on Wednesday

By: News24Wire      4th January 2022 Consumers are getting some relief early in the new year with fuel prices set to fall on Wednesday. The Central Energy Fund (CEF) announced on Monday that the retail price of petrol (93) will be cut by 71 cents a litre, while 95 will decrease by 68c. The wholesale price of diesel (0.05% sulphur)... 

Petrol Pumps

Algeria's Sonatrach to invest $39 billion in 2022 to 2026, CEO says

By: Reuters     3rd January 2022 Algeria will invest $39-billion in its energy sector from 2022 to 2026 to maintain its hydrocarbon output, Sonatrach's CEO Tewfiq Hakkar told state TV ALG24. Of the $39-billion investment, $6-billion will be invested in 2022, Hakkar said. 

Zambia hikes fuel prices after removing subsidies on petroleum products

By: Reuters     17th December 2021 Zambia has increased the price of fuel after removing subsidies on petroleum products to reflect the correct price of the commodity, the energy regulator said on Thursday. The pump price of petrol was increased to 21.16 kwacha ($1.29) per litre from 17.62 per litre while diesel price rose to... 

DMRE releases Gas Masterplan base case report

By: Donna Slater     15th December 2021 The Department of Mineral Resources and Energy (DMRE) has released the Gas Masterplan base case report for public comment. The Gas Masterplan, once developed, will serve as a policy instrument, providing a roadmap for taking strategic, political and institutional decisions, which will guide... 

Sasol confirms major downward revision to Secunda’s output amid ongoing coal problems 

By: Terence Creamer     14th December 2021 Chemicals and energy group Sasol has announced a significant downward revision to its 2022 production forecast from its Secunda operations in Mpumalanga, owing to ongoing coal production problems. The JSE-listed company told shareholders on Tuesday that output from Secunda would be between... 

Sasol Secunda
Sasol Secunda

Godongwana calls for gasoline-price reforms

By: Bloomberg     12th December 2021 Finance Minister Enoch Godongwana called for changes to the way the fuel price is calculated, after the cost of gasoline rose to a record this month. Regulated fuel prices, which include a levy used to finance a fund to compensate those involved in road accidents and other taxes, have jumped 40%... 

Renewable-energy projects create economic, power growth

By: Theresa Bhowan-Rajah     10th December 2021 Renewable power generation company Lekela Power says its projects have grown from the 80 MW produced from wind farms in Noupoort, in the Northern Cape of South Africa, in 2016, to more than 1 GW. “In South Africa, through the various rounds of the Renewable Energy Independent Power Producer... 

wind turbine at Noupoort wind farm in the Nothern cape
BEST OF THE BEST Lekela Power has invested in five projects of up to 620 MW of generation through wind farms across the country

'Special apartheid': Mantashe accuses anti-Shell lobby of 'oppressing' development  

By: News24Wire      9th December 2021 Mineral Resources and Energy Minister Gwede Mantashe has condemned "unrelenting attacks" on oil and gas development in South Africa, which appear designed to thwart economic growth and deepen unemployment in the country. "Africa deserves an equal chance to develop its economies on the strength of... 

Mineral Resources and Energy Minister Gwede Mantashe
Mineral Resources and Energy Minister Gwede Mantashe
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