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Energy News

Total to hold talks with Algeria over Anadarko assets

By: Reuters     29th May 2019 Total will meet Algerian authorities for talks over its plans to buy Anadarko's assets in the country and is not worried by media reports that Algiers would block the deal, CE Patrick Pouyanne said on Wednesday. "We will meet Algerian authorities very soon," Pouyanne told shareholders at the... 

Renergen raises $10m in Australia IPO for South Africa gas project 

By: Marleny Arnoldi     29th May 2019 JSE-listed Renergen has raised $10-million in its secondary listing on Australia’s stock exchange, the emerging liquid helium and liquid natural gas (LNG) producer announced on Wednesday. The company, which is developing South Africa’s first commercial LNG project, said it had raised $10-million... 

Tanzania and Zambia to build $1.5bn oil pipeline between their countries

By: African News Agency      29th May 2019 An oil pipeline running from Tanzania’s commercial capital Dar Es Salaam to the Zambian mining city of Ndola, about 1 349 km away, and costing $1.5-billion, is to be built by both countries to transport refined products between the neighbouring states. Tanzania Energy Minister Medard Kalemani... 

South African solar tracker receives international certification

By: Simone Liedtke     29th May 2019 Solar tracking system manufacturer PiA Solar is now the first, in both the southern hemisphere and in Africa, to qualify for the international design standard IEC 62817 certification. In order to qualify for the certification PiA Solar built a climate test chamber in Port Elizabeth, where... 

South African solar tracker receives international certification

South African energy companies expanding into Angola

By: Tasneem Bulbulia     24th May 2019 Angola, with its lucrative opportunities and reformed business environment, will be hosting a strong delegation of South African companies during the upcoming Angola Oil & Gas Conference, which will be held in Luanda from June 4 to 6, the African Energy Chamber (AEC) announced in a statement this... 

New VSD software offers energy savings

By: Cameron Mackay     24th May 2019 Electrical and energy solutions provider Zest WEG Group is deploying a new plug-and-play variable speed drive (VSD) software solution that achieves automatic energy savings when used with any standard electric motor. The solution was developed by WEG Group software engineers in Brazil. 

New VSD software offers energy savings
LIGHTEN THE LOAD While there are a variety of different sized motors that will have different efficiencies, energy savings increase exponentially as the load decreases

New Port of Ngqura liquid bulk facility to serve South African and African markets

By: Schalk Burger     24th May 2019 A new liquid bulk handling facility at the deep-water Port of Ngqura, in the Eastern Cape, will be built to assist with the predicted future growth of petroleum product consumption in Africa. The terminal – for which civil construction is scheduled to start in July – will serve as a strategic... 

New Port of Ngqura liquid bulk facility to serve South African and African markets

BP bosses get public grilling on climate from largest investors

By: Bloomberg     22nd May 2019 BP lined the road leading to its annual shareholder gathering in Scotland’s oil capital with hoardings touting investments in renewable energy. Inside the meeting, there was a fierce debate on whether the energy major was telling the truth. On Tuesday, investors large and small grilled BP’s... 

LSE says, hello, Africa! Come list with us

By: Bloomberg     22nd May 2019 It’s not often that the LSE comes to Africa looking for listings. Traditionally companies based on the continent have to make a strong case to have their stock traded on one the world’s biggest bourses. But this week, officials are on roadshow in a bid to boost the LSE’s 115 African listings. The... 

Sasol to accelerate $2bn asset disposal plan as capex on US project leaps by another $1.3bn 

By: Terence Creamer     22nd May 2019 Energy and chemicals group Sasol, which announced another large increase in the capital cost of its Lake Charles Chemicals Project (LCCP) being built in the US, will accelerate its $2-billion noncore asset disposal programme and will used the proceeds to deleverage its balance sheet. Joint... 

Sasol to accelerate $2bn asset disposal plan as capex on US project leaps by another $1.3bn
Photo by Creamer Media
Joint presidents and CEOs Bongani Nqwababa and Stephen Cornell

PetroConnect calls for fuel industry collaboration

By: Simone Liedtke     21st May 2019 With the South African energy sector undergoing significant change, particularly with the introduction of the Liquid Petroleum Sector Codes currently under way, PetroConnect directors Mark Harper and Sbonelo Mbatha have called on the fuel industry to “see transformation as an opportunity and not... 

PetroConnect calls for fuel industry collaboration
Photo by Creamer Media's Dylan Slater
PetroConnect director Mark Harper

Zimbabwe hikes diesel, petrol prices by up to 47% – energy regulator

By: Reuters     21st May 2019 Zimbabwe's energy regulator on Tuesday announced that prices of diesel and petrol had been increased by up to 47% effective immediately, a day after the central bank said oil firms would now buy dollars to import fuel on the interbank market. The latest price increase had been expected and... 

Oil climbs as Opec signal on output curbs overshadows trade risk

By: Bloomberg     21st May 2019 Oil rose for a second day on signs Opec and its allies will extend production cuts beyond June, while a steadily deteriorating US-China trade relationship kept prices from pushing higher. Futures in New York extended their gains after closing up 0.5% on Monday. Saudi Energy Minister Khalid... 

Zimbabwe to subsidise public transport as inflation jumps

By: Bloomberg     21st May 2019 Zimbabwe will subsidise public transport and cut fuel duties by more than half as it tries to ease the impact of rampant inflation on its poorest citizens, according to Finance Secretary George Guvamatanga. The support will cost about $8-million a month, Guvamatanga said by phone on Monday. “A... 

DTI to support South African companies participating in Africa Oil Week

By: Tasneem Bulbulia     20th May 2019 The Department of Trade and Industry (DTI) will, for the first time, showcase 15 to 20 local companies in the South African National Pavilion at the Africa Oil Week, which will be held in Cape Town from November 4 to 8.   With the event focused on Africa’s upstream oil and gas sector, the DTI... 

Nigeria's economic growth slows in Q1 as oil sector shrinks

By: Reuters     20th May 2019 Growth in Nigeria's fragile economy slowed to 2.01% in the first quarter as the country's dominant oil sector shrank, the National Bureau of Statistics said on Monday. The annual pace dropped from the previous quarter's 2.38%, when activity was likely to have been boosted by state spending in the... 

Load-shedding’s impact on first-quarter GDP ‘more muted’ than thought – Intellidex

By: Simone Liedtke     17th May 2019 Based off high-frequency data, the impact of record load-shedding during the first quarter of this year is “more muted than previous estimates would suggest”, financial consultant Intellidex said on Friday. The company explained that it could account for about R300-million per stage per day so... 

Municipal electricity tariff increase yet to be approved, says Salga

By: Simone Liedtke     17th May 2019 The South African Local Government Association on Friday said the municipal electricity tariff for the 2019/20 financial year is yet to be approved. The association said that, contrary to information in the public domain about a more than 15% increase in municipal electricity tariffs, as a result... 

Greenpeace welcomes move to license SSEG projects

By: Simone Liedtke     17th May 2019 Greenpeace Africa political adviser Happy Khambule says rooftop solar is a “no-brainer” and has welcomed the move by Energy Minister Jeff Radebe “to finally make sure that the country can go ahead with the installation of rooftop solar”. The Minister earlier this week instructed the National... 

Minor petrol, diesel price increase at month end – AA

By: News24Wire      15th May 2019 Fuel data for May 2019 "is showing a listless fuel price picture", reports the Automobile Association, quoting unaudited mid-month fuel price data released by the Central Energy Fund. The AA says: "The overall picture is of little change. The Rand has slipped marginally by thirteen cents against... 

Minor petrol, diesel price increase at month end – AA

Mnangagwa gets rid of Energy Minister amid power cuts, fuel crisis

By: African News Agency      15th May 2019 President Emmerson Mnangagwa on Tuesday night dropped energy and power development minister, Joram Gumbo, amid crippling fuel shortages and power cuts that have rocked Zimbabwe. Gumbo was has been moved to the less prominent portfolio of minister of state for presidential affairs. 

East African company Société Pétrolière expands LPG business

By: Simone Liedtke     14th May 2019 East African Société Pétrolière (SP) has, through the installation of eight liquified petroleum gas (LPG) storage and cylinder filling plants, doubled Rwanda’s LPG storage and filling capacity. Each of these facilities has a storage capacity of 20 m3 and is capable of filling about 1 000 bottles... 

Global energy investment out of step with security of supply, climate needs  

By: Terence Creamer     14th May 2019 A new report on global energy investment in 2018 points to an ongoing misalignment between approved expenditure on new fuel and power projects and meeting the twin goals security of supply and decarbonisation. The International Energy Agency’s (IEA’s) ‘World Energy Investment 2019’ report,... 

Global energy investment out of step with security of supply, climate needs
IEA executive director Fatih Birol

UCT GSB professor joins prestigious global initiative to end energy poverty

By: Simone Liedtke     13th May 2019 University of Cape Town Graduate School of Business Professor Anton Eberhard has been appointed to the Global Commission to End Energy Poverty – a new initiative which aims to accelerate access to electricity to millions of under-serviced homes and businesses quickly and cost-effectively. The... 

Ten startups selected in #Africa4Future challenge

By: Simone Liedtke     13th May 2019 Ten technology startup companies were selected, from 314 entries, in the second season of the #Africa4Future challenge. The companies – whose representatives met with experts, investors and other stakeholders at an innovator’s summit in Cape Town – presented innovative proposals to tackle some of... 

South Africa urged to use seasonal advantage to secure lower LNG prices from Mozambique 

By: Terence Creamer     13th May 2019 South Africa is failing to fully grasp the energy and economic significance of the impending development of the enormous gas reserves discovered in northern Mozambique since 2010, Standard Bank oil and gas specialist Paul Eardley-Taylor argues. Between 150- to 200-trillion cubic feet of gas has... 

South Africa urged to use seasonal advantage to secure lower LNG prices from Mozambique

Anadarko says to supply Mozambique LNG to Japan's JERA, Taiwan's CPC 

By: Reuters     13th May 2019 Anadarko Petroleum said on Monday that a unit it jointly owns which markets gas from Mozambique has signed a long-term deal to supply liquefied natural gas to Japan's JERA and Taiwan's CPC. This is its first long-term deal to be announced since the US independent energy group said late last week... 

Anadarko says to supply Mozambique LNG to Japan's JERA, Taiwan's CPC

Industry not fully maximising benefits presented by ISO 50001

By: Jessica Oosthuizen     10th May 2019 South African industries have not yet fully maximised the enormous benefits that the ISO 50001 standard presents for them, says National Cleaner Production Centre South Africa (NCPC-SA) project manager Ngoanathari Maja. ISO 50001 provides a framework for managing energy performance and... 

Industry not fully maximising benefits presented by ISO 50001
Photo by Getty Images
CURBING EMISSIONS ISO 50001 helps companies reduce their environmental impact to meet emissions reduction targets

Company is driving acceptance of central plant optimisation

By: Jessica Oosthuizen     10th May 2019 Central plant optimisation (CPO) is at this point relatively new to the South African market and not widely accepted, but multinational diversified technology and industrial leader Johnson Controls, together with its specialisation partner multidiscipline solutions provider ITD Group, is driving... 

Company is driving acceptance of central plant optimisation
Photo by Bloomberg
CHILLER SYSTEM Central plant optimisation software can constantly and consistently maximise the efficiency and performance of an entire central chilled water plant

Solution assists in energy optimisation

By: Jessica Oosthuizen     10th May 2019 Energy management multinational Schneider Electric’s digital energy management system EcoStruxure Power can help organisations to improve their efficiency and uptime. The system assists clients in ensuring that power is available, operational costs are optimised and maintenance is performed on... 

Solution assists in energy optimisation
Photo by Bloomberg
BUILDING SOLUTIONS EcoStruxure Power enables building owners and managers to track energy use and the potential for energy savings

Vivo performs well in Q1 on the back of added Engen business

By: Marleny Arnoldi     7th May 2019 African fuel retailer Vivo Energy had a “strong start” to this year, with volumes for the first quarter having increased by 7% year-on-year to 2.4-billion litres. CEO Christian Chammas said in a statement on Tuesday that volume growth had resulted from good underlying growth in Vivo’s existing... 

Agri SA launches court proceedings against granting of shale gas exploration rights

By: Simone Liedtke     7th May 2019 Agricultural organisation Agri SA has launched court proceedings in the Pretoria High Court against the granting of environmental authorisations and explorations rights for shale gas to Africa-focused oil and gas exploration and development company Rhino Oil and Gas. Although the authorized... 

Anadarko accepts Occidental bid; Chevron may now respond

By: Bloomberg     7th May 2019 Anadarko Petroleum’s board has declared Occidental Petroleum’s sweetened $38-billion takeover “superior,” giving Chevron until May 10 to either boost its offer or walk away from the oil industry’s biggest deal in at least four years. The announcement by Anadarko, which had rebuffed several prior... 

Total to buy Anadarko’s Africa assets for $8.8bn if Occidental bid succeeds 

By: Simone Liedtke     6th May 2019 French integrated oil and gas company Total has reached a binding agreement with Occidental Petroleum to acquire Anadarko’s assets in Africa for $8.8-billion in the event of the successful completion of Occidental’s takeover bid for Anadarko. The transaction hinges on Occidental entering into and... 

Total to buy Anadarko’s Africa assets for $8.8bn if Occidental bid succeeds

Top oil buyers rue global chaos bringing back seller's market

By: Bloomberg     6th May 2019 The world’s biggest oil buyers are being forced to go on the defensive once again. US President Donald Trump’s sanctions on Iran and Venezuela, the Opec+ coalition’s output curbs, and disruptions from Nigeria to Libya are all handing crude sellers the upper hand in negotiations. With refiners in... 

South Sudan says agrees oil exploration deal with South Africa

By: Reuters     6th May 2019 South Sudan and South Africa will sign a production sharing agreement for an untapped exploration block in the East African country, whose production has been hampered by civil war, South Sudan's petroleum ministry said on Monday. The Exploration Production Sharing Agreement for Block B2 will be... 

Eni to focus on saving African forests to offset CO2 emissions

By: Bloomberg     3rd May 2019 Eni's plan to offset emissions from its oil and gas operations will focus on working with African communities to prevent deforestation. The project is part of the Italian energy giant’s goal of removing the equivalent of 20-million tons a year of carbon dioxide (CO2) from the atmosphere by 2030.... 

 

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