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Energy News

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... 

Tanzania to start talks for $30bn LNG project in April

By: Bloomberg     22nd March 2019 Tanzania plans to negotiate terms for developing a $30 billion liquefied natural gas project with companies between April and September, the Energy Ministry said. The talks are aimed at reaching a so-called Host Government Agreement, the pact that governs the rights and obligations of parties... 

African Energy Chamber calls for oil and gas industry collaboration

By: African News Agency      21st March 2019 The chief executive and chairman of the African Energy Chamber (EnergyChamber.org), NJ Ayuk, has called for more industry collaboration on key issues pertaining to Nigeria’s oil and gas industry. Ayuk made the call for strengthened cooperation as he led an industry delegation to Nigeria this... 

Rovuma could propel Mozambique to top LNG producer globally – Standard Bank

By: Marleny Arnoldi     20th March 2019 An independent macroeconomic study undertaken by Standard Bank has found that the first phase of Area 4 concession’s Rovuma liquefied natural gas (LNG) project, in Mozambique, has the potential to deliver 15.2-million tonnes of LNG a year. The project is expected to attract between $27-billion... 

Rovuma could propel Mozambique to top LNG producer globally – Standard Bank
Standard Bank Southern Africa oil and gas head Paul Eardley-Taylor

Novo Energy launches R130m gas compression facility 

20th March 2019 Energy solutions company Novo Energy earlier this month launched a R130-million large-scale natural gas compression facility, in Mpumalanga. Marleny Arnoldi tells us more. 

Novo Energy launches R130m gas compression facility
Novo Energy launches R130m gas compression facility

Public-Private Growth Initiative identifies 18 ‘priority projects’ to unlock growth  

By: Terence Creamer     18th March 2019 The Public-Private Growth Initiative (PPGI), an evolving sector-based collaboration between government and business, has earmarked 18 projects across various sectors of the South African economy for priority implementation in the coming months. Minister in the Presidency Dr Nkosazana Dlamini-Zuma... 

Public-Private Growth Initiative identifies 18 ‘priority projects’ to unlock growth
Minister in The Presidency Dr Nkosazana Dlamini-Zuma speaks, while Dr Johan van Zyl, Mpumi Mpofu and Roelf Meyer listen

Opec+ affirms commitment to oil cuts, defers decision to extend

By: Bloomberg     18th March 2019 Saudi Arabia led fellow members of the Opec+ coalition to reaffirm their commitment to output cuts, but conceded they should defer until June the decision on whether to extend the curbs. A committee of the most influential members in the 24-nation alliance, which includes Russia, Iraq and the... 

Tribunal approves Glencore, Chevron merger, with conditions

By: Marleny Arnoldi     15th March 2019 The Competition Tribunal on Friday approved a merger involving Glencore South Africa Oil Investment (Glencore SA Oil) and Chevron South Africa (Chevron SA). The transaction involves Glencore SA Oil acquiring 75% of the issued share capital of Chevron SA, from Off The Shelf Investments.  

Levies to add to expected fuel price hike in April – AA 

By: News24Wire      15th March 2019 South African consumers should brace for a possible increase in the basic fuel price in April of 98 cents per litre for petrol, 70 cents per litre for diesel and 63 cents per litre for illuminating paraffin, the Automobile Association (AA) said in a statement on Friday. The AA warned that the... 

 Levies to add to expected fuel price hike in April – AA

Egyptian business giving great importance to South Africa

By: Rebecca Campbell     15th March 2019 The Federation of Egyptian Industries (FEI) was in full support of the policy of Egyptian President Abdel Fattah el-Sisi to strengthen the country’s relations with the rest of Africa. “As a business community, we will endorse our Government’s role in Africa,” affirmed FEI African Cooperation... 

Egyptian business giving great importance to South Africa
Photo by Egyptian Petrochemical Company
An Egyptian petrochemical plant

Concurrent events to unfold at PEWA

15th March 2019 The Power & Electricity World Africa (PEWA) event brings innovators, disrupters and change agents together to talk and engage in business pertaining to power and electricity. 

Concurrent events to unfold at PEWA
PEWA Event transforming business around the world

PEWA to focus on women and youth participation in energy

By: Mamaili Mamaila     15th March 2019 The Power & Electricity World Africa (PEWA) conference will focus on innovation, investment, and women and youth participation in energy as it welcomes forty African countries for its twenty-second edition this year. 

PEWA to focus on women and youth participation in energy
ELECTRIFYING AFRICA Event organiser aims to host 8000 attendees at the 2019 Power and Electricity World Africa conference

Equipment supplier to spread its wings outside South Africa

By: Mamaili Mamaila     15th March 2019 Industrial equipment supplier Vermeer will attend The Solar Show Africa 2019 which is combined with the 2019 Power and Electricity World Africa (PEWA) conference at the Sandton Convention Centre on March 26 and 27, 2019. 

Equipment supplier to spread its wings outside South Africa
SITES ON AFRICA Vermeer aims to penetrate the renewable-energy market in Africa

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. 

Africa needs to embrace all forms of energy, says Van Loggerenberg
MARLEZE VAN LOGGERENBERG We need to embrace LNG as one of the renewables that can make a difference globally

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... 

 

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