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Energy News

Anadarko board to consider Occidental bid as Chevron unmoved

By: Bloomberg     29th April 2019 Anadarko Petroleum plans to resume talks about a potential $38-billion takeover by Occidental Petroleum, a move that threatens to scupper a previously agreed deal with Chevron Corp. In a unanimous decision, Anadarko’s board of directors determined the Occidental bid "could reasonably be expected... 

EDF puts energy-challenged Africa at the centre of its 2030 development strategy

By: Simone Liedtke     29th April 2019 Africa is at the heart of French energy solutions provider EDF’s ambition to triple its activity outside of Europe, as well as to double its renewable energy capacity globally, by 2030; however, there are various challenges facing the continent, and the company aims to help address these through... 

EDF puts energy-challenged Africa at the centre of its 2030 development strategy
EDF senior VP for Africa Valérie Levkov

Libya's NOC says it strongly condemns militarisation of energy infrastructure

By: Reuters     29th April 2019 Libya's National Oil Corporation (NOC) condemned the militarisation of the country's energy infrastructure, following a number of incidents in the past week involving the capture of an airfield, the attempted requisition of tug boats, and use of oil terminals by warships and other military... 

Ncondezi Energy JDA entering final phase

By: Tasneem Bulbulia     29th April 2019 Ncondezi Energy has entered into the final phase of negotiations with its strategic partners, China Machinery Engineering Corporation and General Electric South Africa, to sign a binding joint development agreement (JDA) for the company’s integrated 300 MW power and coal mine project in Tete,... 

Hefty rise in petrol price for May

By: African News Agency      29th April 2019 The price of both grades of petrol - 93 octane and 95 octane unleaded and lead replacement petrol - will increase by 54c/l with effect from midnight on Tuesday, the energy department has announced. Diesel 0.05 percent sulphur will increase by 1c/l, while the price of diesel 0.005 percent sulphur... 

Hefty rise in petrol price for May

Energy businesses not yet geared for cybersecurity – Inmarsat Enterprise

By: Marleny Arnoldi     26th April 2019 Energy businesses are exposing themselves to security risks by failing to address weaknesses in their cybersecurity defenses, says Inmarsat Enterprise. “Businesses in the energy sector recognise that their approaches to cybersecurity must be strengthened, but are not yet taking the practical... 

Nigeria revives plan to double oil output, triple refining

By: Bloomberg     26th April 2019 Nigeria plans to almost double oil production and triple its refining capacity within six years, reviving previous pledges that turned out to be too ambitious. The OPEC member is looking to pump 4 million barrels a day by 2025 and increase refining capacity to 1.5-million barrels daily, Maikanti... 

Company launched natural gas gensets at electricity show in Dubai

By: Halima Frost     26th April 2019 Global power leader Cummins launched its latest global offering – the HSK78G gas generator series – at the Middle East Electricity show, held at the Dubai World Trade Centre, in the United Arb Emirates (UAE) last month. Cummins, also a sponsor of the event, displayed the new series at its stand... 

Company launched natural gas gensets at electricity show in Dubai
NEXT GEN GEN Cummins launched the HSK78G gas generator series last month

Generator supplier helps combat load-shedding impact

By: Halima Frost     26th April 2019 With inconsistent power supply being an ongoing issue for companies in South Africa, electrical products supplier and local manufacturer Zest WEG Group offers synchronised generator sets (gensets) to the industry, which allow for continuous power supply, negating the start-up and shutdown dangers... 

Generator supplier helps combat load-shedding impact
HOT HOT HOT The Doosan generator is one of the long term - mid range - solutions Zest WEG offers

Company making inroads into embedded generation generators

By: Halima Frost     26th April 2019 The global trend of moving towards decentralised embedded generation has encouraged power solutions manufacturer Himoinsa to work with its research and development (R&D) teams to enable its generator sets, or gensets, to feed excess power back into the grid. Himoinsa has conducted R&D on this... 

Company making inroads into embedded generation generators
DUCKS IN A ROW If installed and maintained correctly, a genset can minimise operational costs on site

Firm plans to deploy 400 natural-gas refuelling sites across SA

By: Schalk Burger     26th April 2019 Natural-gas distributor Delta Natural Gas (DNG) Energy is rolling out 400 natural gas refuelling sites across South Africa for the taxi and freight industries, which will provide an immediate cost reduction of 25% for these industries and reduce their carbon emissions, says DNG Energy CEO... 

Stable oil price drives investment in burgeoning African oil, gas sector

By: Nadine James     25th April 2019 Africa is likely to experience continued oil and gas investment over the next three to five years as the stabilisation of crude prices above $60/bl, coupled with the continent’s rapidly expanding population, lure oil producers to one of the last remaining energy investment frontiers, Standard... 

Stable oil price drives investment in burgeoning African oil, gas sector
DELE KUTI

ExxonMobil acquires more exploration acreage off Namibian coast

By: Nadine James     25th April 2019 US oil giant ExxonMobil will increase its exploration acreage in Namibia by about 28 000 km2 following the signing of an agreement with the Namibian government and State-owned National Petroleum Corporation of Namibia (Namcor) for blocks 1710 and 1810, and farm-in agreements for blocks 1711 and... 

South Sudan invites investment in agriculture, mining, oil

By: Marleny Arnoldi     24th April 2019 Since its official independence from Sudan in 2011, South Sudan has ripened the environment for investment in the country, which was apparent when the country’s Ministers on Wednesday met with South African investors and businesspersons during a roadshow, in Sandton, to discuss investment... 

Renergen publishes prospectus for proposed ASX listing

By: Creamer Media Reporter      24th April 2019 AltX-listed alternative and renewable energy business Renergen has, ahead of its planned listing on the ASX in May, announced a further increase in reserves at its subsidiary Tetra4’s Virginia project, in South Africa’s Free State province. The company, which on Wednesday published its prospectus... 

Occidental makes Anadarko bid, seeks to derail Chevron deal

By: Bloomberg     24th April 2019 Occidental Petroleum is starting a bidding war for Anadarko Petroleum, making a $38-billion counteroffer in attempt to break up the proposed takeover by Chevron. Occidental said Wednesday it’s offering $76 a share in cash and stock, a premium of about 20% over Chevron’s April 12 agreement to buy... 

Bank report points to transport being next decarbonisation frontier 

By: Terence Creamer     24th April 2019 Newly released research by international banking group HSBC outlines a scenario for reducing transport emissions by 76% by 2040 through combining technology and regulation in a way that results in electricity, hydrogen and biofuels replacing oil as the primary fuel feedstock across transport... 

Bank report points to transport being next decarbonisation frontier

Sonangol plans to downsize to focus on core business

By: Reuters     23rd April 2019 Angola's State oil company Sonangol plans to divest 52 joint ventures, reduce staff and focus on its core business, part of an ongoing reorganisation and package of reforms designed to lure back investors, its chairman said on Friday. "We are going to sell, close or put out of our group a lot... 

Renewable energy solves current sector woes

By: Mamaili Mamaila     19th April 2019 Renewable energy provides solutions for the challenges associated with power generation, as the price of photovoltaics and wind energy technologies have gone down owing to the increase in the efficiency of the technologies, says Stellenbosch University Centre for Renewable and Sustainable Energy... 

Renewable energy solves current sector woes
SUSTAINABLE ENERGY SOLUTIONS Stellenbosch University’s Centre for Renewable and Sustainable Energy Solutions is facilitating and coordinating cutting-edge research and development in the power sector

Fuel prices a sore thumb for businesses, consumers

By: News24Wire      18th April 2019 Higher fuel prices have contributed largely to the increase in March inflation, and industry has warned of the effects it is having on business profitability. Stats SA on Wednesday released March inflation figures, which increased to 4.5% compared to 4.1% reported in February. Transport costs... 

Fuel prices a sore thumb for businesses, consumers

Sasol reports stabilisation in synfuels output  

By: Terence Creamer     18th April 2019 Chemicals and energy group Sasol reports that output at its Secunda Synfuels Operations (SSO) stabilised in the third quarter, following the total shutdown of the West factory during the first half of its 2019 financial year, which had negatively affected production. In a note to shareholders,... 

Sasol reports stabilisation in synfuels output

Ncondezi receives shareholder loan conversion notice

By: Simone Liedtke     18th April 2019 Aim-listed Ncondezi Energy has received a shareholder loan conversion notice for 764 165 shares from lenders to be converted at a conversion price of 10p a share. Admission of these shares on Aim is expected to take place on April 26. 

Nigeria has no intention of cutting fuel subsidy at this time

By: Reuters     18th April 2019 Nigeria has no intention of removing subsidies on petroleum products, its finance minister said on Wednesday after the International Monetary Fund (IMF) advised the country to eliminate them to protect public finances. Africa's top oil producer and biggest economy heavily subsidises gasoline and... 

Nigeria court orders arrests over Shell, Eni Malabu oil deal

By: Bloomberg     18th April 2019 A court in Nigeria ordered the arrest of two former ministers and others allegedly connected with illegal payments leading to the 2011 acquisition of what is considered one of the biggest oil fields in the West African country. Former Justice Minister and Attorney General Mohammed Adoke, ex-Oil... 

Kibo appoints Wimmer as adviser for African project financing

By: Tasneem Bulbulia     17th April 2019 Kibo Energy has signed a corporate finance engagement letter with Wimmer Financial, which will advise Kibo on and manage all aspects related to the structuring and provision of a project finance corporate credit line facility of up to $900-million which could form part of a broader funding... 

Fuel price cap still being investigated, energy department says  

By: News24Wire      17th April 2019 The Department of Energy is still researching the feasibility of implementing a fuel price cap, and the outcome will be announced in due course, a spokesperson said on Wednesday. The possibility of a hard price ceiling on 93 unleaded fuel was mooted by Energy Minister Jeff Radebe in mid-October... 

Fuel price cap still being investigated, energy department says

Sapref’s new R50m reactor to enable better low-sulphur diesel production

By: Nadine James     17th April 2019 The South African Petroleum Refinery’s (Sapref’s) new R50-million reactor arrived at the Durban port earlier this week. The 242 t, 31-m-long reactor will enable Sapref, which is a joint venture between Shell Refining South Africa and BP Southern Africa, to produce “better, low-sulphur diesel”,... 

Sapref’s new R50m reactor to enable better low-sulphur diesel production
UMKHOMA REACTOR

RBR welcomes Chevron’s reported plan for Mozambique LNG project

By: Tasneem Bulbulia     15th April 2019 RBR Group expects to benefit from Chevron Corporation’s plans to proceed with the proposed Area 1 liquefied natural gas (LNG) project, in Mozambique. It was announced last week that Chevron would acquire Anadarko Petroleum Corporation, which is the operator of the Area 1 LNG project, for... 

Activists push South African pension funds to tally climate costs  

By: Bloomberg     15th April 2019 Pension funds in South Africa have a legal obligation to account for the financial effects of climate change on their investments, according to two groups lobbying money managers to pay closer attention to the issue. Shareholder activists Just Share and environmental law organisation ClientEarth... 

Brulpadda field unlikely to support a globally competitive chemicals industry, more exploration needed – experts

By: Marleny Arnoldi     12th April 2019 Energy veterans Stephen Clark and Wikus van Niekerk, with Jim Petrie and Dave Wright, have unpacked finer details of Total’s Brulpadda gasfield discovery, estimating its likely size, potential development and broader impact on South Africa’s hydrocarbon fuel security. Total entered into the... 

Brulpadda field unlikely to support a globally competitive chemicals industry, more exploration needed – experts
Brulpadda drilling rig

Mantashe urges continued investment in clean coal tech   

By: Tasneem Bulbulia     12th April 2019 Mineral Resources Minister Gwede Mantashe on Friday commended Sasol for the “good work” it was doing and the opening of its new Impumelelo Colliery. He said it was notable that the opening of the mine came at a time when coal is under siege and that it should counter the narrative that coal is... 

Mantashe urges continued investment in clean coal tech
Sasol executive director and joint president and CEO Stephen Cornell provides details of the new Impumelelo colliery. Video and editing: Nicholas Boyd.

Seplat, NNPC to raise $700m for gas plant due in 2020

By: Bloomberg     12th April 2019 Seplat Petroleum Development and Nigeria’s State oil company will raise $700-million for a joint gas project scheduled to start production next year as the government steps up plans to reduce the country’s reliance on oil. The project, known as Assa North-Ohaji South, is one of seven to boost gas... 

Chevron to acquire Anadarko for $33bn in stock, cash

By: Bloomberg     12th April 2019 Chevron Corp will acquire Anadarko Petroleum Corp for $65 a share, the company said in a statement. Anadarko shareholders will receive 0.3869 shares of Chevron and $16.25 in cash for each Anadarko share. Chevron will issue 200-million shares and pay $8-billion in cash. The company will also... 

Electrical heat tracing viable safety precaution

12th April 2019 With the maintenance at particular temperatures during transportation of various products – such as containers and tanks carrying oil and bitumen acids – having become a critical part of realising quality and insurance guarantees, electrical heat tracing (EHT) has emerged as a vital component for... 

Electrical heat tracing viable safety precaution
SAFETY FIRST The EHT cabling generates heat over the surface of the container, which in turn heats up the product inside the container

IEA says oil market tightening, but global demand may falter

By: Bloomberg     11th April 2019 Global oil markets are tightening as Opec supply falls, the International Energy Agency said, while warning it could lower demand forecasts because of economic threats. Crude inventories are set to decline for the rest of the year as Saudi Arabia and its partners curb production, while exports... 

Sasol names Sipho Nkosi as next chairperson

By: Bloomberg     11th April 2019 Sasol appointed Sipho Nkosi to its board and said the former coal-industry executive will become chairperson in November when Dr Mandla Gantsho steps down. The change of leadership comes during a vital year for Sasol, as the South African fuel and chemical manufacturer nears completion on its... 

Sasol names Sipho Nkosi as next chairperson
Photo by Creamer Media
Sipho Nkosi

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... 

 

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