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Energy News

Kibo mulls renewables cogeneration opportunities 

By: Simone Liedtke     24th June 2019 In line with its strategy of incorporating long-term renewable energy solutions into its existing coal power projects, Africa-focused Kibo Energy has signed a collaboration agreement with ESS Tech to develop suitable baseload electricity storage solutions. Having recognised the increasing need to... 

Nigerian court adjourns Oando case against securities regulator to 22 July

By: Reuters     24th June 2019 A federal court in Lagos on Monday adjourned until 22 July a case brought by local oil firm Oando to halt management changes the country's securities and exchange commission is trying to enforce. The SEC's action followed an investigation in which it allegedly found evidence of financial... 

Perdekraal East Wind Farm turbine foundations completed ahead of schedule

By: Simone Liedtke     24th June 2019 The developers of the Perdekraal East Wind Farm, in the Western Cape, last week completed the project’s 48 wind turbine foundations – three weeks ahead of schedule and still within budget. The first of the foundations was poured in November 2018. 

Perdekraal East Wind Farm turbine foundations completed ahead of schedule

MAST successfully closes Bordersley flexible power site acquisition

By: Tasneem Bulbulia     21st June 2019 Dual-listed Kibo Energy’s 60%-owned subsidiary, MAST Energy Developments (MED), has completed its acquisition of Bordersley Power, a special purpose vehicle (SPV) that will hold a 5 MW gas-fuelled power generation plant targeting commercial commissioning at the end of the first quarter of 2020.... 

Vivo Energy in joint venture to accelerate growth of KFC franchise in East Africa

By: African News Agency      20th June 2019 Vivo Energy said on Thursday it had agreed to form a joint venture with Kuku Foods East Africa Holdings, the owner of KFC franchises in East Africa, to accelerate the growth of its current franchise portfolio of 30 restaurants in Kenya, Uganda and Rwanda. Vivo Energy, the pan-African retailer and... 

Mozambique gas riches near as $25bn LNG plant approved

By: Bloomberg     19th June 2019 Anadarko Petroleum approved a $25-billion liquefied natural gas (LNG) project in Mozambique that could help transform the economy of one of the world’s poorest countries. CEO Al Walker signed off on what he called the biggest ever foreign investment in Africa. Anadarko sees potential for... 

Mozambique gas riches near as $25bn LNG plant approved

Aviation technology leaders reaffirm their determination to cut industry’s CO2 emissions

By: Rebecca Campbell     18th June 2019 At the 2019 Paris Air Show on Tuesday, the Chief Technology Officers (CTOs) of seven of the world’s major aerospace companies issued a joint statement on their joint and cooperative commitment to reduce carbon dioxide (CO2) emissions by the aviation industry. The companies were, in alphabetical... 

Aviation technology leaders reaffirm their determination to cut industry’s CO2 emissions

Good news for SA motorists! Huge 91c fuel price drop – AA

By: News24Wire      14th June 2019 Retreating oil prices have painted a rosier picture for South African fuel users than has been the case for much of 2019.  This is according to the Automobile Association which was commenting on unaudited mid-month fuel price data released by the Central Energy Fund. At this stage of the month,... 

Good news for SA motorists! Huge 91c fuel price drop – AA

Oil set for weekly drop as tanker attacks can't dispel trade woes

By: Bloomberg     14th June 2019 Oil headed for a weekly decline as the tanker attacks in the Middle East provided only a relatively small boost to prices that have been hammered by a deepening trade war and swelling US stockpiles. Futures in New York were steady after rising 2.2% Thursday. The White House blamed Iran for the... 

Hydrogen offers pathway for lowering hard-to-abate carbon emissions – IEA 

By: Terence Creamer     14th June 2019 Hydrogen and hydrogen-based fuels could help facilitate the decarbonisation of a range of sectors where the pathway for achieving meaningful emission reductions is currently uncertain or difficult, a new global study argues. Released by the International Energy Agency (IEA) at a meeting of G20... 

Hydrogen offers pathway for lowering hard-to-abate carbon emissions – IEA

Port of Ngqura liquid bulk tank farm commissioning on track

By: Marleny Arnoldi     13th June 2019 Transnet National Ports Authority (TNPA) and Oil Tanking Grindrod Calulo Holdings say they are on track with developments at the Port of Ngqura, in Nelson Mandela Bay, with the commissioning of the new liquid bulk tank farm planned towards the end of 2020. TNPA says environmental search and... 

Port of Ngqura liquid bulk tank farm commissioning on track
The 20 ha Port of Ngqura Tank Farm site has been cleared of vegetation in preparation for bulk earthworks. Platform preparation has started in the centre of the site. TNPA has already completed the main access road from the N2.

Storage presents African utilities with opportunities to rekindle investor appeal

By: Simone Liedtke     12th June 2019 The advent of renewable energy and new storage technologies presents Africa’s utilities with an opportunity to increase capacity and efficiency, while rekindling their appeal to investors, Standard Bank said on Wednesday. The “clear and rapid” evolution in Africa’s energy and energy... 

Storage presents African utilities with opportunities to rekindle investor appeal
Standard Bank power and infrastructure head Stephen Barnes

Oil demand signals are flashing red as price dives toward $50

By: Bloomberg     12th June 2019 Oil demand is shriveling as the trade war between the US and China trips up the global economy. Estimates for March and April are pointing to year-on-year declines in regions that account for almost half of global oil demand, according to Morgan Stanley. Indicators including the profit from... 

Commission finds Eskom failed to comply with BBBEE Act 

By: Simone Liedtke     12th June 2019 The Broad-Based Black Economic Empowerment (BBBEE) Commission has found that State-owned Eskom failed to comply with the BBBEE Act in awarding a tender for the Duvha power station to a Chinese-owned entity. The tender was awarded to Dongfang Electric Corporation, an entity with 0% black ownership... 

Erratic weather boosts energy demand, denting climate goals – BP 

By: Reuters     11th June 2019 Extreme temperatures around the globe drove a sharp acceleration in energy demand and carbon emissions last year, oil giant BP said on Tuesday, issuing a stark warning that the world risks losing the battle against climate change. And while 2018 saw another sharp pick up in renewable power such... 

Senegal's justice ministry calls for inquiry into energy contracts

By: Reuters     11th June 2019 Senegal's justice ministry asked prosecutors on Monday to launch an inquiry into the country's energy contracts after a report alleged that the President's brother was involved in fraud related to two offshore gas blocks being developed by BP. After the publication of the investigation by the BBC... 

Renergen dual listing to provide benefit of Australian research, understanding 

By: Simone Liedtke     10th June 2019 Emerging liquid helium and liquid natural gas (LNG) producer Renergen’s recent listing on the ASX will benefit the company by giving it access to Australian research and industry understanding, CEO Stefano Marani tells Engineering News Online. Renergen, which is also listed on the JSE’s AltX,... 

Renergen dual listing to provide benefit of Australian research, understanding
Renergen CEO Stefani Marani discusses the company’s recent ASX-listing and the company’s Virginia gas project with Engineering News Online. Video & Editing: Creamer Media’s Darlene Creamer 10.6.2019

Environmental organisations take Highveld pollution matter to court 

By: Marleny Arnoldi     10th June 2019 Environmental justice group groundWork and community organisation Vukani Environment Justice Movement in Action have launched “landmark litigation”, demanding that government clean up the air in the Mpumalanga Highveld. GroundWork and Vukani on June 7 served papers to the High Court, asking that... 

Environmental organisations take Highveld pollution matter to court

Nigeria's securities regulator suspends Oando's annual shareholder meeting

By: Reuters     10th June 2019 Nigeria's securities regulator has ordered the suspension of Oando's annual shareholder meeting due to be held on June 11, the Securities and Exchange Commission (SEC) said on Monday. The regulator said the suspension was due to ongoing litigation after it set up an interim management team and... 

Russia’s latest great game in Africa: energy

By: African News Agency      10th June 2019 Vladimir Putin has made no secret of his intention to return Russia to its previous glory as a world power by all means available to him, not least of which has been military aggression such as in Crimea. But on the African continent, where Russia has no colonial hangover like Europe or the... 

Asia demand to prop up growth in the global gas industry

By: Tasneem Bulbulia     7th June 2019 Global demand for natural gas is set to keep growing over the next five years, driven by strong consumption in fast-growing Asian economies and supported by the continued development of the international gas trade, the International Energy Agency (IEA) says. Demand for natural gas grew by 4.6% in... 

Sasol secures $1.8bn for Lake Charles project 

By: Marleny Arnoldi     7th June 2019 JSE-listed petrochemicals company Sasol announced on Friday that its subsidiary Sasol Financing USA had entered into new US dollar-denominated senior unsecured credit facilities, comprising a $1.6-billion term loan facility and a $150-million revolving credit facility. The facilities have a... 

Sasol secures $1.8bn for Lake Charles project
Sasol's Lake Charles Chemical Project

Kibo marks progress at Benga project

By: Tasneem Bulbulia     7th June 2019 Africa-focused Kibo Energy is continuing to advance the development of its Benga power plant project, in Mozambique. The company has completed an independent base case financial model and initial findings have demonstrated the economic robustness and viability of Benga under a base case... 

Renergen trades at up to A$1.02 apiece on first day on ASX

By: Marleny Arnoldi     6th June 2019 On its first day of listing on the ASX on Thursday, AltX-listed Renergen had more than 290 000 shares traded, at an official listing price of A$0.80 apiece. “On day one, we saw the price trade up to A$1.02 at the close, or up 27.5% from [the] listing [price], with encouraging volume in total... 

Renergen trades at up to A$1.02 apiece on first day on ASX
Photo by Creamer Media
Renergen CEO Stefano Marani

Oil giants' chemical lifeline threatened by plastic-trash crisis

By: Bloomberg     6th June 2019 As the world strives to wean itself off fossil fuels, oil companies have been turning to plastic as the key to their future. Now even that’s looking overly optimistic. The global crackdown on plastic trash threatens to take a big chunk out of demand growth just as oil companies like Saudi Aramco... 

Senegal President says truth of BP gas deal will be established

By: Reuters     6th June 2019 Senegalese President Macky Sall said on Wednesday the government would find out the truth after a report alleged his brother Aliou Sall had been involved in fraud related to two major offshore gas blocks operated by BP. Making his first comments since the BBC published its report on Monday, the... 

Nigeria's oil thieves roar back as militants kept in check

By: Bloomberg     5th June 2019 Just as Nigeria gets to grips with militants who brought the nation’s oil industry to its knees a few years ago, another group of longstanding foes are slowly making a comeback: thieves. Saboteurs including thieves caused an 80% increase in the number of spills in 2018, Royal Dutch Shell, the... 

Companies lag in climate-related disclosures – G20 Task Force

By: Reuters     5th June 2019 Companies are failing to disclose sufficient detail about how exposed they are to the potential risks of climate change, a global task force said in a report on Wednesday. Many investors have called on companies to provide better communication on how climate change could impact their businesses,... 

Companies lag in climate-related disclosures – G20 Task Force

Mantashe on fuel prices: SA could have a reprieve in July 

By: News24Wire      5th June 2019 There could be a reprieve from fuel price hikes in July, Minister of Mineral Resources and energy Gwede Mantashe has said. Recent fuel price hikes are due to "local and international factors" including the carbon tax levy, effective from June 1, 2019. However, he said, "Going forward, the... 

 Mantashe on fuel prices: SA could have a reprieve in July
Mineral Resources Minister Gwede Mantashe

ANC says ten sectors to be prioritised under ‘re-imagined industrial strategy’  

By: Terence Creamer     4th June 2019 The African National Congress (ANC) has unveiled what it describes as a “re-imagined industrial strategy” as part of a broader five-year programme of action agreed at the party’s three-day lekgotla, which concluded in Gauteng on Tuesday. In a statement released following the gathering, the ANC... 

ANC says ten sectors to be prioritised under ‘re-imagined industrial strategy’

Efora reports ‘disappointing’ full-year results

By: Nadine James     3rd June 2019 A below-par performance from its key business, Afric Oil, resulted in “disappointing” financial results for JSE-listed oil and gas company Efora Energy for the year ended February 28. The company on Monday reported a net loss of R579.9-million, a loss per share of 69.91c and a headline loss a... 

Second Lake Charles facility reaches beneficial operation

By: Nadine James     3rd June 2019 Petrochemicals company Sasol on Monday said the new ethylene oxide/ ethylene glycol (EO/EG) production facility at its Lake Charles Chemicals Project (LCCP), in Louisiana, in the US, had reached beneficial operation. The EO/EG unit is the second of seven LCCP production facilities to come on stream. 

Nigeria financial watchdog sets up interim management team at oil firm Oando – statement

By: Reuters     3rd June 2019 Nigeria's Securities and Exchange Commission (SEC) has set up an interim management team to oversee local oil company Oando, the financial watchdog said on Sunday. It said in a statement the team would conduct an extraordinary general meeting on or before July 1 to appoint new directors. 

Startups strive to recycle emissions for 'new carbon economy'

By: Reuters     31st May 2019 Jennifer Holmgren, CE of carbon recycling firm LanzaTech, explained modestly how the Chicago-based startup had cut multimillion-dollar deals on four continents, including in China, aimed at helping curb climate change and air pollution. At the Jingtang Steel Mill in Heibei province, the company... 

Richards Bay storage facility to bolster reliability of LPG supply

By: Tasneem Bulbulia     31st May 2019 Bulk liquid storage operator Bidvest Tank Terminals’ (BTT’s) R1-billion mounded liquefied petroleum gas (LPG) storage facility in Richards Bay, KwaZulu-Natal, is set to house the largest tanks in the world and is expected to greatly enhance LPG supply in Southern Africa once completed, the... 

Richards Bay storage facility to bolster reliability of LPG supply

Company advances health and safety in petrochemicals industry

31st May 2019 Cold-cutting techniques developed by demolition contractor Jet Demolition have introduced a new benchmark for health and safety in the petrochemicals industry - a highly volatile and hazardous work environment. 

Industry generally welcomes Gwede Mantashe as Minerals and Energy Minister 

By: Simone Liedtke     30th May 2019 In a move that has, so far, generally been welcomed by the mining industry, President Cyril Ramaphosa has appointed Gwede Mantashe as the Mineral Resources and Energy Minister. This, law firm Herbert Smith Freehills director Patrick Leyden says, follows on the back of Mantashe having made... 

Industry generally welcomes Gwede Mantashe as Minerals and Energy Minister
Mineral Resources and Energy Minister Gwede Mantashe
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