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Energy News

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... 

Sasol appoints Ngonyama Capital as market maker for empowerment shares

By: Marleny Arnoldi     21st February 2019 Petrochemicals giant Sasol on Thursday announced the appointment of Ngonyama Capital to provide market making services for Sasol’s black economic empowerment ordinary (Solbe1) shares. Ngonyama’s appointment is expected to enhance the value proposition of Solbe1 shares and increase liquidity of... 

Nigeria hits oil majors with billions in back taxes 

By: Reuters     21st February 2019 Nigeria has ordered foreign oil and gas companies to pay nearly $20-billion in taxes it says are owed to local states, industry and government sources said, in a move that could deter investment in Africa's largest economy. In a letter sent to the companies earlier this year via a debt-collection... 

There is scope for more IPPs in Africa, South Africa – SAPP CEO

By: Tasneem Bulbulia     20th February 2019 There is a need to increase electricity trading to deal with imbalances in the electricity sector, South African Power Pool (SAPP) CEO Stephen Dehwa said at a South African Independent Power Producers Association (Saippa) seminar on Wednesday. To ensure that there was adequate energy at any given... 

M&R expects significant improvement in interim HEPS

By: Nadine James     19th February 2019 JSE-listed engineering group Murray & Roberts (M&R) expects a significant improvement in total earnings per share (EPS) and headline earnings per share (HEPS) for the six months ended December 31. Basic EPS for the period are expected to increase by between 57% and 75% year-on-year to between 44c... 

Clough set to acquire Saulsbury’s oil and gas unit, EPC portfolio

By: Nadine James     19th February 2019 Murray & Roberts (M&R) subsidiary Clough will acquire Houston-based engineering, procurement and construction (EPC) contractor Saulsbury’s Gulf Coast downstream and chemical business unit, as well as its EPC portfolio, for $5.2-million.  In the statement issued on Tuesday, M&R CE Henry Laas... 

Africa has opportunity to supply more gas to China

By: Marleny Arnoldi     18th February 2019 Gas demand is expected to overtake coal demand globally by 2030, says Standard Bank Southern Africa oil and gas head Paul Eardley-Taylor. Speaking at Africa Gas Forum, on Monday, he stated that global energy demand was increasing by 1.3% a year, while gas demand was increasing at between 1.7% and... 

Africa must have clear plan for using its gas reserves

By: Marleny Arnoldi     18th February 2019 It is vital that Africa has a clear and cohesive vision in place for how it plans to use its gas reserves, says New Partnership for Africa's Development Business Foundation senior project manager John Rocha. Speaking at the Africa Gas Forum, on Monday, he pointed out that African countries have... 

Event set to dissect the future of African energy

By: Paige Müller     15th February 2019 The eleventh edition of the Africa Energy Indaba – which will take place at the Sandton Convention Centre, in Johannesburg, from February 19 to 20 this year – will focus on the future prospects and direction of energy on the African continent from an energy provision and investment point of view.... 

Event set to dissect the future of African energy
Photo by Duane Daws
AFRICA’S ENERGY FUTURE The Africa Energy Indaba will take place at the Sandton Convention Centre, in Johannesburg, from February 19 and 20 this year

Continent’s energy demands increase

15th February 2019 Africa’s demand for energy is steadily increasing and solutions to meet this growth have become a major concern amongst the energy sector leaders of the continent. Key factors contributing to this soaring energy demand are Africa’s ever-growing population and the continent’s accelerating economic... 

Continent’s energy  demands increase
Photo by Duane Daws
DEMAND SPIKE Africa is still undergoing rapid urbanisation, further contributing to its economic development and energy consumption demands

Equatorial Guinea praised for improved business environment

15th February 2019 Continental industry association the African Energy Chamber welcomes the improvement of Equatorial Guinea’s business environment through the establishment of an all inclusive model for setting up businesses in the country. “The implementation of Equatorial Guinea’s one-stop shop allows companies... 

Equatorial Guinea  praised for improved  business environment
Photo by Bloomberg
OBIANG NGUEMA MBASOGO Obiang Nguema Mbasogo has been personally advocating for stronger reforms to Equatorial Guinea’s business environment over the past few years

What to expect from 2019 Africa Energy Indaba

15th February 2019 The Africa Energy Indaba Conference is the definitive energy conference for Africa providing an annual programme that shapes energy policy for the African continent. Key issues that impact the African energy sector will be discussed and debated at the event, based on the outcomes of the 2018... 

What to expect from 2019 Africa Energy Indaba
ADEQUATE GENERATION The Africa Energy Indaba Conference will discuss, debate and seek solutions to enable adequate energy generation across the continent.

Renewables ensure cleaner national energy

By: Paige Müller     15th February 2019 The wide-scale adoption of renewable energy projects throughout South Africa will result in a more cost-effective and cleaner national energy supply, says renewable-energy development and management company G7 Renewable Energies. “About 20 years ago, the renewables debate was about environmental... 

Renewables ensure cleaner national energy
Photo by Duane Daws
AFFORDABLE ENERGY For the first time, South Africa is seeing a real opportunity to buck the trend of ever-increasing electricity tariffs

Renewable grids present investment opportunity

By: Paige Müller     15th February 2019 The recent trend towards the development of renewable energy, including those based on smart grids and microgrids in Africa, has encouraged the establishment of a new renewable energy equity fund. With the Africa Energy Indaba set to take place from February 19 to 20 at the Sandton Convention... 

Renewable grids present investment opportunity
Photo by Bloomberg
GAS ON THE RISE There has been and increase in the development of gas-fired power stations throughout Africa

Technical workshops to address energy efficiency

By: Paige Müller     15th February 2019 The Department of Trade and Industry’s National Cleaner Production Centre South Africa (NCPC-SA) programme states that it will host technical workshops at this year’s Africa Energy Indaba. NCPC-SA communication manager Julie Wells tells Engineering News that the organisation plans on “a strong... 

Technical workshops to address energy efficiency
Photo by Bloomberg
MITIGATING EMISSIONS NCPC-SA’s South African Industrial Energy Efficiency (IEE) project has mitigating about 3.7-million tonnes of greenhouse gas emissions

As renewables soar, BP sees China hitting brakes on energy growth

By: Reuters     14th February 2019 Global demand for renewable power will soar at an unprecedented pace over the coming decades, BP said in a benchmark report on Thursday, while China’s energy growth is seen sharply decelerating as its economic expansion slows. Still, China is set to remain the largest energy consumer by a long... 

Aker Energy eyes IPO after submitting Ghana oilfield plan in March

By: Reuters     14th February 2019 Norwegian oil company Aker said on Thursday that its exploration start-up in Ghana will submit development plans to Ghanaian authorities in March and the parent will then decide whether to sell stakes via an initial public offering or other means. The subsidiary, Aker Energy, plans to develop the... 

Sasol achieves beneficial operation of first Lake Charles production unit

By: Simone Liedtke     13th February 2019 Local chemicals and energy company Sasol on Wednesday announced that its new linear low-density polyethylene unit, in Lake Charles, in the US, officially achieved beneficial operations on February 13. This is the first of the seven Lake Charles chemicals project (LCCP) production units to come on... 

Enel starts construction of 140 MW Eastern Cape wind farm

By: Simone Liedtke     12th February 2019 Italy’s Enel, through its renewable subsidiary Enel Green Power RSA (EGP RSA), has started construction of its 140 MW Nxuba wind farm in the Amatole district, making it the group’s third wind project in the Eastern Cape province. The construction of Nxuba, which is expected to be completed by... 

South Sudan to return to pre-war oil production levels by mid-2020 – Minister

By: Reuters     11th February 2019 South Sudan will return to producing more than 350 000 bbl/d of crude by the middle of 2020, up from current levels of just over 140 000 bbl/d currently, the country's oil minister said on Sunday. Production is expected to rise to 270 000 bbl/d by the end of 2019, Oil Minister Ezekiel Lul... 

Sasol expects higher H1 earnings, but warns of Lake Charles cost increase

By: Nadine James     8th February 2019 Chemicals and energy company Sasol expects to report earnings per share (EPS) and headline earnings per share (HEPS) of between R23.71 and R24.16 and between R22.97 and R23.68, respectively, for the six months ended December 31. This means EPS is expected to increase by between 110% and 114%... 

Reatile acquires 37.54% stake in Pragma Holdings

By: Tasneem Bulbulia     8th February 2019 Investment holding company Reatile Group has acquired a 37.54% stake in enterprise asset and facilities management company Pragma; thereby enhancing Pragma’s potential international growth, while accelerating the organisation’s transformation agenda. Pragma CEO and founder Adriaan Scheeres... 

Collaboration to ensure better understanding of emission standards

8th February 2019 Oils and lubricants company Shell collaborates with a number of original equipment manufacturer (OEM) transport operators to understand the future vision of emission standards set by the manufacturers and various legislation, as well as taking into consideration the challenges that transport... 

Collaboration to ensure better understanding of emission standards
FUEL ECONOMY The field trials showed that lubricant selection had a significant impact on fuel economy in real-world driving conditions.

Total makes significant discovery off South Africa’s southern coast

By: Nadine James     7th February 2019 Petroleum company Total has made a significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, the company announced on Thursday. Located 175 km off the southern coast of South Africa, the Brulpadda well encountered 57 m of net gas condensate... 

Total makes significant discovery off South Africa’s southern coast
Photo by Odfjell
Brulpadda drilling rig

Energy megaprojects on South Africa's radar as utility falters

By: Bloomberg     5th February 2019 South Africa is looking to spend-billions of rand to secure energy from megaprojects on the continent at a time when state power utility Eskom is broke and struggling to supply enough electricity. The government has signaled a willingness to buy 5 000 MW of power from a planned $18-billion... 

Centrica, Tokyo Gas sign deal to buy LNG from Mozambique

By: Reuters     5th February 2019 British energy supplier Centrica and Tokyo Gas have agreed to jointly buy 2.6-million tonnes of liquefied natural gas (LNG) a year from Mozambique LNG Company, the firms said on Tuesday. Centrica LNG Company, a subsidiary of Centrica, and the Japanese energy company said the LNG would be... 

 

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