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Energy News

Africa needs to embrace all forms of energy, says Van Loggerenberg

By: Mamaili Mamaila     15th March 2019 There is huge demand for electricity in Africa, with about 600-million people on the continent who have no access to electricity. 

Uganda probes refinery over alleged smuggling of gold

By: Reuters     14th March 2019 Ugandan authorities said on Wednesday they are investigating the country's biggest gold refinery over recent imports of an estimated 7.4 tonnes of gold, worth some $300-million. Ugandan state-run media has reported the gold could have originated from Venezuela, which has been selling gold to prop... 

'No tomorrow' for many unless consumption falls – UN

By: Reuters     13th March 2019 Global exploitation of natural resources – from water, sand and timber to oil, coal and gemstones – has more than tripled in 50 years, the United Nations (UN) said on Tuesday, warning of devastating environmental impacts unless demand is reduced. Surging consumption of natural resources –... 

CEF's challenges exposed in Parliament 

By: Kim Cloete     12th March 2019 Parliament’s Portfolio Committee on Energy has accused the Central Energy Fund (CEF) of moving far too slowly to transform, following a litany of problems in the beleaguered group. Committee chairperson Fikile Majola on Tuessday accused the CEF management and board of directors of merely "marking... 

Transnet to raise pipeline tariff by 10.95%

By: Simone Liedtke     11th March 2019 The National Energy Regulator of South Africa has granted freight logistics group Transnet a 7.69% increase in its allowable revenue to R5.68-billion for 2019/20, which translates to a 10.95% increase in pipeline tariffs. Should Energy Minister Jeff Radebe decide to use the pipeline tariff as a... 

Eskom struggles and tariff hikes strengthen case for distributed generation – SAWEA study

By: Simone Liedtke     11th March 2019 Commissioned against the backdrop of volatility and uncertainty in the electricity landscape, a new study by the South African Wind Energy Association (SAWEA) has highlighted the role that distributed generation renewable energy (DG-RE) could play in the South African electricity market. The... 

Petrochemicals and jet fuel to underpin oil growth as gasoline slows 

By: Terence Creamer     11th March 2019 Petrochemicals and jet fuel have emerged as key drivers of oil growth, with the International Energy Agency’s (IEA’s) latest market forecast indicating that the two sectors will account for more that 30% of global growth in the coming five years, as gasoline demand slows as a result of efficiency... 

Petrochemicals and jet fuel to underpin oil growth as gasoline slows

Novo Energy launches R130m gas compression facility in eMalahleni  

By: Marleny Arnoldi     8th March 2019 Energy solutions company Novo Energy on Friday launched a R130-million large-scale natural gas compression facility at the Highveld industrial park, in eMalahleni, Mpumalanga. The facility provides cleaner, more reliable and cost-effective energy, compared with coal and other petroleum products. 

Novo Energy launches R130m gas compression facility in eMalahleni

Electricity tariff increases will have severe economic ramifications for South Africa

By: Simone Liedtke     8th March 2019 The decision by the National Energy Regulator of South Africa (Nersa) to grant State-owned Eskom an effective tariff increase of 13.82% for 2019/20, has been met with hostile reactions, with various parties condemning the decision, saying that it will have severe ramifications for the South... 

Electricity tariff increases will have severe economic ramifications for South Africa

Energy outlook sees GDP doubling by 2040

8th March 2019 With the world’s gross domestic product (GDP) likely to double by 2040 driven by increasing prosperity in fast-growing developing economies, multinational oil and gas company BP states that in the evolving energy transition scenario, this improvement in living standards causes energy demand to... 

Waipec focuses more on sub-Saharan Africa

By: Thabi Madiba     8th March 2019 The third West African International Petroleum Exhibition and Conference (Waipec) was a success, bringing sub-Saharan African companies together to learn from one another about best practices to move the industry forward and how to survive in the competitive landscape, says Petroleum Technology... 

Waipec focuses more  on sub-Saharan Africa
BANK ANTHONY OKOROAFOR Gas should be an opportunity to create a viable economy and a vibrant way of growing Nigeria’s gross domestic product

Companies sign share purchase agreement worth $350-million

8th March 2019 Energy producer Chevron, a wholly-owned subsidiary of Chevron Corporation, has announced that it has signed a share purchase agreement with petroleum products marketer and refiner Petrobras America (Petrobras) to acquire all the outstanding shares and equity interests of refinery company Pasadena... 

Companies sign share purchase agreement  worth $350-million
CHEVRON OIL REFINERY A refinery with a capacity to process about 110 000 bbl/d of light crude

Gas discovery potential indicator of more local resources

By: Thabi Madiba     8th March 2019 A significant gas condensate discovery, made by petroleum company Total South Africa, shows there are potentially more petroleum resources available in South Africa, which will definitely create more exploration interest, says Total South Africa exploration and production MD Adewale Fayemi. This... 

Gas discovery potential indicator of more local resources
GAME CHANGER Brulpadda was drilled in a challenging deep-water environment

Growth boosts fuel distributor

By: Thabi Madiba     8th March 2019 The 100-million litres supplied to logistics, construction and mining companies in 2017 compared to the 151-million supplied in 2018, shows a significant growth of 51%, which fuel distributor Advent Oil MD Lebo Mbethe hopes will serve as a catalyst for the business in 2019. She attributes this... 

Growth boosts  fuel distributor
GROWTH IN NUMBERS Hunger for taking up new changes in a demanding market will catalyse growth for Advent Oil

Congo lost $617m dispute before approving oil concession

By: Bloomberg     7th March 2019 An international court ordered the Democratic Republic of Congo to pay DIG Oil of South Africa $617-million for failing to honor two oil contracts, weeks before outgoing President Joseph Kabila finally approved one of the deals. The previously undisclosed ruling is the latest twist in an 11-year... 

African fuel retailer Vivo Energy posts higher profit, volumes

By: Reuters     6th March 2019 African fuel retailer Vivo Energy Plc reported a 2% rise in 2018 gross profit on higher volumes and forecast low to mid double-digit%age volume growth for the current year despite tough market conditions in Morocco. The company, which distributes and markets Shell-branded fuels and lubricants in... 

Chemicals sector crucial for South Africa's industrialisation

By: Schalk Burger     6th March 2019 As one of 18 sectors identified by a Presidential working group as being crucial to accelerating gross domestic product (GDP) growth in South Africa, the chemicals sector has a foundational role to play in supporting the growth of the country's industrial sectors. The chemicals sector has a 12... 

Zimbabwe allows mines, others to import own fuel as shortages bite

By: Reuters     6th March 2019 Zimbabwe on Tuesday allowed mining companies and other businesses to import their own fuel following shortages that have gripped the economy in the last six months due to a severe dollar crunch, a cabinet minister said. Supplies of fuel in the southern African nation have been intermittent since... 

Afrox FY18 HEPS fall amid adverse operating environment 

By: Simone Liedtke     6th March 2019 Adverse movements in JSE-listed African Oxygen’s (Afrox’s) operating environment resulted in the company’s headline earnings per share (HEPS) for the year ended December 31, 2018, decreasing by 23% year-on-year to 154.9c. Basic earnings per share (EPS) decreased by 29% to 144.8c, while diluted... 

Afrox FY18 HEPS fall amid adverse operating environment
Afrox CFO Matthias Vogt speaks to Engineering News Online about the company's results and challenges for FY18. Video & Editing: Creamer Media's Nicholas Boyd.

Sanderson increases its shareholding in Kibo to 23.3%

By: Simone Liedtke     5th March 2019 Africa-focused Kibo Energy on Tuesday signed a binding term sheet with Sanderson Capital Partners for the conversion of the latter’s 2.5% equity interest in Kibo’s 100%-owned Tanzanian subsidiary, Mbeya Development, to ordinary shares in Kibo. Kibo will issue just over 126.4-million new ordinary... 

Afrox appoints John Panikar as chairperson

By: Simone Liedtke     5th March 2019 JSE-listed African Oxygen (Afrox) chairperson Bernd Eulitz has resigned, with effect from April 1. John Panikar will assume the role of chairperson of the board and member of the Nominations, Governance and Management of Resources Committee, following Eulitz’s resignation. 

Libya's biggest oilfield restarts, adding hurdle to Opec cuts

By: Bloomberg     5th March 2019 Libya’s biggest oil field resumed production, adding another complication to Opec’s effort to trim a global supply glut.  Sharara resumed production and is expected to reach 80,000 barrels in one day, according to people with knowledge of the matter who asked not to be identified because they... 

Renergen announces increased methane, helium reserves at Tetra4 

By: Simone Liedtke     4th March 2019 Integrated alternative and renewable energy business Renergen’s subsidiary, Tetra4, now has a total proven methane net gas reserve of 40.76-billion cubic feet and a proven helium net gas reserve of 1.01-billion cubic feet, following an updated independent reserve review undertaken by MHA... 

Petrol and diesel increase will have negative effect on economy – trade union UASA

By: African News Agency      4th March 2019 Trade union the United Association of South Africa (UASA) on Monday said the 74 cents per litre of petrol increase and almost R1 per litre of diesel increase that workers will pay as from Wednesday, combined with the increase in toll gate fees that came into effect on Friday, will have a negative... 

Petrol and diesel increase will have negative effect on economy – trade union UASA

Big fuel price increase on Wednesday

By: News24Wire      4th March 2019 South African motorists will be paying 74 cents more per litre of petrol and between 91 and 93 cents more per litre of diesel from midnight on Tuesday. The fuel price announcement for March was made by Minister of Energy, Jeff Radebe, on Monday morning. 

Big fuel price increase on Wednesday

Vivo Energy completes transaction with Engen

By: Tasneem Bulbulia     1st March 2019 Vivo Energy has completed a transaction with Engen Holdings, that will result in Vivo adding 230 Engen-branded service stations to its portfolio. Vivo now owns 2 000 services stations across 23 African markets, including eight markets – – Gabon, Malawi, Mozambique, Reunion, Rwanda, Tanzania,... 

Dutch prosecutors target Shell over Nigeria oil deal

By: Reuters     1st March 2019 Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over its $1.3-billion acquisition of Nigerian offshore oilfield OPL 245 in 2011. Shell said in a statement on its website that it had been informed by the Dutch Public Prosecutor's Office (DPP) that it had nearly concluded... 

Total to resume drilling at South Africa discovery in December – partner

By: Reuters     28th February 2019 France's Total and partners will resume drilling at the Brulpadda prospect offshore South Africa in December, a minority partner in the field said on Wednesday. Brulpadda, in Block 11B/12B, is a gas condensate discovery that could hold total resources of 1 billion barrels of oil equivalent, Total... 

Kibo to potentially acquire five peaking power sites totalling 25.85 MW

By: Simone Liedtke     27th February 2019 MAST Energy Developments (MED), Kibo Energy’s 60%-owned subsidiary, has signed a binding conditional agreement for the exclusive right to undertake due diligence and negotiate the potential acquisition of five peaking power sites totalling 25.85 MW. Under the terms of the agreement, MED has... 

US government agency’s backing of Tetra4 takes project ‘to next level’ – Renergen CEO  

By: Simone Liedtke     27th February 2019 Integrated alternative and renewable energy business Renergen on Wednesday announced that the US government’s development finance institution, the Overseas Private Investment Corporation (OPIC), had approved a $40-million loan facility in favour of Tetra4’s Virginia gasfield project. Tetra4 is a... 

Fuel price cap research still in progress, says director general 

By: News24Wire      26th February 2019 Deputy director general for petroleum and petroleum products regulation at the Department of Energy, Tseliso Maqubela, said on Tuesday that research into the feasibility of a fuel price cap was not yet finished. On the sidelines of a meeting of Parliament's oversight committee on energy, Maqubela... 

 Fuel price cap research still in progress, says director general

Energy minister's remarks point to upcoming fuel price hike

By: News24Wire      26th February 2019 Minister of Energy Jeff Radebe told Parliament's oversight committee on energy on Tuesday that difficulties beyond the government's control look set to inform the fuel price announcement due at the end of the week. His remarks strongly point towards a fuel price hike for motorists. The final fuel... 

 Energy minister's remarks point to upcoming fuel price hike
Minister of Energy Jeff Radebe

Renergen’s Tetra4 signs LNG supply deal with Black Knight

By: Simone Liedtke     26th February 2019 Integrated alternative and renewable energy business Renergen’s Tetra4 subsidiary has secured an agreement with fuel products distributor Black Knight Group for the sale of liquefied natural gas (LNG). Black Knight has, in recent years, developed a logistics division to provide holistic fuel... 

Sasol to accelerate portfolio ‘simplification’ as review of 100 assets nears completion  

By: Terence Creamer     25th February 2019 Chemicals and energy group Sasol confirmed on Monday that its asset review was at an advanced stage and indicated that it would, in the coming months, accelerate efforts to simplify its portfolio. The group has indicated previously that it expects to realise more than $1-billion from the disposal... 

Sasol to accelerate portfolio ‘simplification’ as review of 100 assets nears completion
Sasol joint CEO Bongani Nqwababa on why 2019 is a 'defining year' for the group. Camera Work & Editing: Darlene Creamer. Recorded: 25.2.2019

Sasol half-year profit rises

By: Reuters     25th February 2019 South African petrochemicals group Sasol on Monday reported an 18% jump in half-year profit on the back of higher crude oil prices, a weaker rand to the dollar and higher margins in its speciality chemicals unit. Core headline earnings per share (HEPS) rose to R21.45 ($1.54) for the six months... 

Sasol half-year profit rises

Water deal crucial for Kenya oil project might slip into Q3 – Tullow

By: Reuters     22nd February 2019 A deal with local Kenyan authorities that would allow Tullow Oil to pump water to pressurise oil wells, crucial for a final green light for the country's only oil project, may be delayed to the third quarter, a Tullow executive said on Friday. Tullow, with partners Total and Africa Oil, is... 

Construction gets under way at new Ngqura liquid bulk terminal

By: Tasneem Bulbulia     22nd February 2019 Oiltanking Grindrod Calulo (OTGC) and the Transnet National Ports Authority (TNPA) on Thursday turned the first sod at the site of the Port of Ngqura’s future liquid bulk tank farm and main access road. This comes ahead of the planned decommissioning and rehabilitation of the existing liquid bulk... 

 

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