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Energy News

Oil holds near five-month high

By: Bloomberg     9th April 2019 Oil in New York held near the highest level since late October as an escalation of geopolitical tensions in Libya and Iran fanned concerns over supplies. West Texas Intermediate futures were little changed, after gaining 3.7% over the previous two sessions. Libya’s eastern-based warlord Khalifa... 

Cost of decarbonising global energy system falls sharply, new report shows 

By: Terence Creamer     9th April 2019 Rapidly falling renewable-energy costs, together with emerging opportunities to electrify other energy end-uses such as transportation and heating, are continuing to reduce the investment premium associated with placing the world on a more climate-friendly path, a new international report... 

Cost of decarbonising global energy system falls sharply, new report shows

Glencore announces finalisation of Astron acquisition

By: Creamer Media Reporter      9th April 2019 Glencore South Africa Oil Investments on Monday announced the close of its acquisition of 75% of Astron Energy in South Africa and 100% of Astron Botswana – the two businesses previously owned and operated by Chevron South Africa. Glencore said it was looking forward to working with the Astron... 

Glencore announces finalisation of Astron acquisition

Globeleq, Aurora Power Solutions to build PV projects in Zambia

By: Simone Liedtke     8th April 2019 Independent power producer Globeleq and renewable energy company Sola Group’s Aurora Power Solutions have been awarded two 20 MW solar photovoltaic projects, in Zambia. These projects form part of the Get Fit Zambia programme, through which the government aims to procure 200 MW of renewable... 

Globeleq, Aurora Power Solutions to build PV projects in Zambia

Get Fit Zambia successfully awards six solar PV projects

By: Simone Liedtke     5th April 2019 Get Fit Zambia, which was designed to assist the Zambian government in the implementation of its Refit Strategy, on Friday announced that six solar photovoltaic independent power producer projects, totalling 120 MW, have been awarded. Get Fit Zambia aims to procure 200 MW of renewable energy... 

SRK outlines environmental considerations for Brulpadda gas extraction

By: Marleny Arnoldi     5th April 2019 SRK Consulting environmental assessment practitioner Sue Reuther says although news of the large Brulpadda gas find off South Africa’s southern coast holds economic potential, the project could take ten years to reach production and all environmental risks would first need to be considered for... 

Sapia granted extended exemption for what is normally cartel conduct

By: Marleny Arnoldi     5th April 2019 The Competition Commission has extended the petroleum industry’s exemption of industry activities to June 30, following an application by the South African Petroleum Industry Association (Sapia). Ordinarily, the activities of Sapia members would be considered cartel conduct, says the commission.  

Oando sells 25% stake in Nigerian gas company to private equity firm Helios

By: Reuters     5th April 2019 Oando has sold its 25% stake in Nigerian gas and power company Axxela to majority investor Helios Investment partners for an undisclosed amount, Axxela said on Thursday. The private equity firm now owns 100% of Axxela following Oando's divestment, the gas company said. 

IPPs and distributed energy solutions drive innovation

5th April 2019 While the obligation to deliver safe, reliable power to customers through aging assets is paramount, utilities face a rapidly evolving market as independent power producers (IPPs) and distributed generation solutions drive innovation and investment, says engineering, procurement and construction... 

IPPs and distributed  energy solutions  drive innovation
SOLAR POWER Distributed energy resources are forcing utilities to find ways to distribute electricity in a sustainable and efficient manner or risk losing customers

Digital tech can improve client and project interaction

By: Cameron Mackay     5th April 2019 Professional services firm WSP is finding more opportunities to use emerging digital technologies in delivering engineering and infrastructure projects globally, points out WSP in Africa MD Mathieu du Plooy. This involves the managing of information and data, designing and collaboration efforts... 

Digital tech can improve client and project interaction
MATHIEU DU PLOOY WSP’s focus on the African continent is more sector-based than geographical. We will follow the countries where the need is pressing

Demand for utility-scale battery solutions increasing

By: Thabi Madiba     5th April 2019 Advancements in energy storage technology are starting to reflect in the rise of utility-scale battery solutions, which could revolutionise the ability of intermittent renewables to have higher penetration into the grid, says solar energy company SOLA Future Energy CEO Dr Dom Wills. The company... 

Demand for utility-scale battery solutions increasing
ROBBEN ISLAND BATTERY ROOM SOLA stores excess solar power in lithium-ion batteries and deploys it as the sun sets, resulting in an overall reduction of the diesel used to operate generators

Energy storage a viable solution to load-shedding

By: Thabi Madiba     5th April 2019 Amid State-owned power utility Eskom’s announcement of there being a high risk of rotational load-shedding, which will be implemented only if absolutely necessary, power management company Eaton South Africa MD Seydou Kane says energy storage solutions can play an important role in creating more... 

Energy storage a viable solution to load-shedding
SEYDOU KANE Energy storage solutions provide not only flexibility but also cost savings, should they be integrated into a company’s power grid

Interest in hydrogen storage increasing

By: Thabi Madiba     5th April 2019 Interest in hydrogen energy storage continues to grow, owing to the very large storage capacity that liquid organic hydrogen carrier (LOHC) technology offers, compared with other technologies. Currently, most hydrogen is stored as a cryogenic liquid or is compressed under high pressure, which are... 

Uptick in demand for water-sector consulting

By: Cameron Mackay     5th April 2019 Despite subdued demand for consulting engineering services in South Africa, engineering consulting firm SRK Consulting South Africa has noted an increase in demand for the group’s water-sector consulting services. “As the country faces a backlog in water infrastructure maintenance, it must also... 

Uptick in demand for water-sector consulting
THE MATZIKAMMA MUNICIPALITY The Matzikamma municipality coastline was deemed suitable for land-based aquaculture farming

Strong renewable energy capacity growth continues

By: Simone Liedtke     4th April 2019 The decade-long trend of strong growth in renewable energy capacity continued in 2018 with global additions of 171 GW, according to data released by the International Renewable Energy Agency this week. The year-on-year increase of 7.9% was bolstered by new additions from solar and wind energy,... 

Strong renewable energy capacity growth continues

Nigeria to build seaports to ease gridlock on Lagos's shore

By: Bloomberg     4th April 2019 Nigeria is building a new deep-sea port and considering two additional facilities to ease congestion in the main harbors of the commercial capital, Lagos, which currently handle about 80% of all shipping traffic in Africa’s biggest oil producer. A new facility is already under construction in the... 

Oil nears $70 as Opec tightens supply, hopes for trade deal grow

By: Bloomberg     3rd April 2019 Oil rose near $70 a barrel in London, a level last breached in November, as global crude supplies tightened while hopes for an end to the US-China trade impasse lifted financial markets. Brent crude’s rapid recovery this year -- with the biggest quarterly gain in almost a decade -- is a victory... 

Nigeria's Oando aims to raise fresh capital, cut debt – CEO

By: Reuters     3rd April 2019 Nigerian oil company Oando aims to raise fresh capital over the next two years and repay debt used to acquire Conoco Phillips' Nigerian assets, its chief executive Adewale Tinubu told Reuters. Oando has transformed itself in the past few years from a fuel retailer to oil producer and now competes... 

Exxon weighs sale of Nigerian oil and gas fields for up to $3bn

By: Reuters     2nd April 2019 Exxon Mobil recently held talks on the sale of a suite of oil and gas fields in Nigeria as the company focuses on new developments in US shale and Guyana, industry and banking sources told Reuters. The potential disposals are expected to include stakes in onshore and offshore fields and could... 

Total starts production at Kaombo Sul in Angola

By: Tasneem Bulbulia     2nd April 2019 Energy group Total has started production at Kaombo Sul, the second floating production storage and offloading (FPSO) unit of the Kaombo project, located on Block 32, 260 km off the coast of Luanda, Angola, in water depths ranging from 1 400 m to 2 000 m. Kaombo Sul, which was brought on line... 

Total starts production at Kaombo Sul in Angola
Kaombo Sul

NDB, DBSA sign loan agreement for renewable energy projects in South Africa 

By: Simone Liedtke     1st April 2019 The New Development Bank (NDB) and the Development Bank of Southern Africa (DBSA) have signed a $300-million loan agreement for the Greenhouse Gas Emissions Reduction and Energy Sector Development project. The NDB will provide the loan to the DBSA without a sovereign guarantee. 

Brace for another massive fuel price hike – AA

By: News24Wire      29th March 2019 Motorists should brace for another massive fuel price hike next week, the Automobile Association (AA) warned on Friday. Given the latest data from the Central Energy Fund (CEF), the AA expects petrol to increase by a total of R1.28 a litre, diesel by 77 cents a litre, and illuminating paraffin by... 

 Brace for another massive fuel price hike – AA

April fuel price increase to impact workers 

By: African News Agency      28th March 2019 The expected sharp increase of about R1,35/litre in fuel price is likely to see workers struggle financially in April, trade union Uasa said on Thursday.  The fuel price in South Africa is already around R14.62 per litre, meaning basic commodities and transport are becoming expensive. 

 April fuel price increase to impact workers

CSIR engineers warn of increasing electricity prices, advise on load-shedding mitigation measures

By: Simone Liedtke     28th March 2019 While load-shedding is expected to continue plaguing South Africa for at least the next six months, Council for Scientific and Industrial Research (CSIR) energy systems senior engineer Joanne Calitz has also warned consumers to expect electricity prices to increase by about another 36% by 2021.... 

CSIR engineers warn of increasing electricity prices, advise on load-shedding mitigation measures

$30bn investment push into Africa’s downstream oil industry sparks optimism

By: Kim Cloete     28th March 2019 Africa’s demand for energy, which is far higher than that of other regions in the world, is expected to be very positive for the African oil downstream industry, which has seen a $30-billion investment push in logistics, distribution, storage terminals, import facilities and retail marketing in... 

Radebe refutes allegations on South Sudan refinery 

By: African News Agency      28th March 2019 Energy Minister Jeff Radebe said on Thursday his plans for potential South African involvement in an oil venture in South Sudan were above board and aimed at securing access to cheaper crude oil and curbing the local fuel price. "As government we would want to get to a situation in which the... 

 Radebe refutes allegations on South Sudan refinery
Energy Minister Jeff Radebe

Sahara Energy CEO calls for swift unified standards for petroleum trade in Africa

By: Kim Cloete     27th March 2019 Sahara Energy CEO Tope Shonubi has called for more momentum to adopt unified standards for petroleum trade across Africa to replace the current fragmented African market. A "lack of unitisation, inefficiencies, scale and different specifications brings about chaos", he told delegates at the... 

Vitol analyst explains slide in global oil demand

By: Kim Cloete     27th March 2019 Global oil demand has weakened significantly over the past few months, largely due to slowing economic momentum across most markets, says energy and commodities company Vitol analyst Simon Warren. He told delegates at the annual conference of the African Refiners and Distributors Association... 

Astron Energy signals commitment to growing its Cape Town refinery, service stations

By: Kim Cloete     26th March 2019 Standalone South African energy company Astron Energy is upbeat about investing in both its Cape Town refinery, as well as its Caltex-branded service stations over the next few years. “Investment in South Africa has positive potential. South Africa has the highest fuel consumption in sub-Saharan... 

Global emissions hit record as energy demand boosts fuel use  

By: Bloomberg     26th March 2019 Carbon emissions from fossil-fuel use hit a record last year after energy demand grew at its fastest pace in a decade, reflecting higher oil consumption in the US and more coal burning in China and India. Those findings from the International Energy Agency mark a setback for the effort to rein in... 

Drilling oil in one of fastest ocean currents tests Total

By: Bloomberg     26th March 2019 Total’s discovery of South Africa’s first oil in deep water could prove to be a bonanza for a country lacking crude reserves of its own and prompt a rush from other majors. That’s if they’re able to solve the engineering challenges of operating in one of the fastest ocean currents in the world.... 

Drilling oil in one of fastest ocean currents tests Total

Kibo provides update on four key projects

By: Simone Liedtke     25th March 2019 JSE- and Aim-listed Kibo Energy on Monday confirmed that it is developing four key projects – two thermal coal power projects, in Botswana and Mozambique; a UK-focused flexible energy portfolio; and an advanced coal-to-power project, in Tanzania – in parallel. The projects fall in line with the... 

Sacci, SBI urge govt to do more to resolve Eskom’s troubles  

By: Simone Liedtke     25th March 2019 The recent round of rolling blackouts plaguing South Africa, and uncertainty about the longer-term power supply situation in South Africa are having a devastating impact on business, says South African Chamber of Commerce and Industry (Sacci) CEO Alan Mukoki. Although Eskom does not expect to... 

Transnet in talks with Kenya for deal to operate Lamu port

By: Bloomberg     25th March 2019 Kenya is in talks with Transnet of South Africa to operate a seaport that the East African nation is developing to partly use for planned exports of oil. The state-owned South African logistics company is leading a group of companies that are pitching to provide the equipment for the initial... 

Intellidex cuts South African growth forecast as load-shedding woes continue  

By: Tasneem Bulbulia     22nd March 2019 Capital markets research firm Intellidex has cut its growth forecast for South Africa’s economy for this year further to 1%, from the previous estimate of 1.2%. In a statement on Friday, it highlighted a strong risk scenario of negative full-year growth, as a result of load-shedding. 

Kibo progresses Benga power plant development

By: Tasneem Bulbulia     22nd March 2019 Kibo Energy has noted progress with the development of its Benga power plant project, in Mozambique. A definitive feasibility study (DFS) has been completed ahead of schedule and the final review is in progress. 

Sasol donates $250 000 to those hit by tropical cyclone Idai

By: African News Agency      22nd March 2019 Sasol on Thrsday committed to donate $250 000, or about R3.56-million, for the relief and support of communities that have been severely affected by the tropical cyclone Idai in Beira and Dondo in Sofala province of Mozambique. This will also be provided to other impacted areas in Inhambane... 

 

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