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Energy News

Company appointed as EPC contractor for Virginia gas project

By: Mc'Kyla Nortje     13th December 2019 Engineering consultant EPCM Bonisana, a subsidiary of EPCM Holdings, has been appointed as the engineering, procurement and construction (EPC) contractor for emerging liquefied natural gas (LNG) and helium producer Renergen’s Virginia gas project, in South Africa.  EPCM Bonisana is responsible... 

Science, innovation investment crucial to Africa’s development

By: Mamaili Mamaila     13th December 2019 Africa still does not realise the potential and opportunity that science and innovation hold for its development, says South Africa’s International Relations and Cooperation Minister Naledi Pandor. 

Science, innovation investment crucial to Africa’s development
Photo by Creamer Media's Dylan Slater
NALEDI PANDOR The time has come for Africa to be serious about investing more in research, development and innovation

Private-sector investment a key driver of growth  

By: Mamaili Mamaila     13th December 2019 Ahead of the 2019 South African Investment Conference, JSE-listed and diversified mining company Exxaro hosted a media tour, which started at The conneXXion – its head office in Centurion, Gauteng.  

Private-sector investment  a key driver of growth
InvestSA CEO Yunus Hoosen discusses the importance of domestic investments. Camerawork: Creamer Media’s Kutlwano Matlala. Editing: Creamer Media’s Nicholas Boyd. Recorded: 31.10.2019

Diversified miner announces R20-billion investment drive 

By: Mamaili Mamaila     13th December 2019 JSE-listed diversified mining company Exxaro officially announced its commitment of R20-billion towards President Cyril Ramaphosa’s investment drive for South Africa at the 2019 South African Investment Conference, which took place in Johannesburg, last month. 

Diversified miner announces R20-billion investment drive
Exxaro CEO Mxolisi Mgojo discussed the company’s investments ahead of the 2019 South African Investment Conference. Camerawork: Creamer Media’s Kutlwano Matlala. Editing: Creamer Media’s Nicholas Boyd. Recorded: 31.10.2019

Blackouts weighing heavily on business cycle - SACCI

By: African News Agency      11th December 2019 South Africa's rotational blackouts are placing the country's prospects of economic recovery under severe pressure and weighing heavily on businesses, the South African Chamber of Commerce and Industry (SACCI) has said.  "We have received many complaints from businesses in the retail and other... 

DBSA concludes $81.3m loan facility for Mozambique power utility

By: Simone Liedtke     9th December 2019 Mozambique’s national utility Electricidade de Mocambique (EDM) has received a senior loan debt facility of $81.3-million from the Development Bank of Southern Africa (DBSA) for the rehabilitation and upgrade of the country’s energy supply network. This financing support is in line with... 

Britain's Tullow Oil shares plunge over 50% as CEO resigns

By: Reuters     9th December 2019 Tullow Oil shares more than halved on Monday as CEO Paul McDade stepped down and the energy company scrapped its dividend after failing to meet production targets due to weak performance by flagship assets in Ghana. The company has been plagued by technical problems at its Jubilee field in Ghana... 

Opec+ agrees to redistribute oil cuts under Saudi pressure

By: Bloomberg     6th December 2019 Opec+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia, which has long carried an outsized share of the burden. The group, which pumps more than half the world’s oil, agreed in Vienna on Friday to reduce its output target by 500... 

Growth of 6.6% for portable generators anticipated by 2022

6th December 2019 The global market for portable generators was valued at $3.14-million in 2015, and the size of the portable generators market is anticipated to grow at a compound yearly growth rate of 6.6% to reach $4.91-million by 2022, according to a report published by global market research firm Allied... 

Company introduces new natural gas generator series

6th December 2019 Diesel and alternative fuel engines supplier Cummins will debut the HSK78G natural gas generator series during Middle East Electricity that is taking place from March 5 to 7, 2020 at the Dubai World Trade Centre. The series offers a total package of gas generator capabilities and innovative gas... 

Company introduces new natural gas generator series
Photo by Creamer Media's Dylan Slater
ENGINE ADJUSTMENTS The efficiency of the HSK78G is maintained by automatic engine adjustments, which account for fuel quality changes and quick load-step performance

Company provides solutions for sectioned refinery shutdown

6th December 2019 Generator and compressor rental company Rand Air’s oil-free compressors, portable generators and nitrogen generators ensure ‘well-oiled’ refinery shutdowns, says Rand Air Durban area manager Rudi de Vry. In June, South Africa’s largest refinery completed a month-long shutdown, during which... 

Local sugar industry critical, master plan being developed

By: Tracy Hancock     6th December 2019 The local sugar industry is in decline and could be described as “being in the intensive care unit”, says South African Sugar Association (SASA) executive director Trix Trikam. Subsequently, SASA is discussing the development of a sugar industry master plan with government and downstream users... 

Local sugar industry critical, master plan being developed
SWEET ESCAPE To ensure sustainable development of the sugarcane sector, there needs to be diversification into sugar ethanol fuel and other cane-derived products

Opec, allies prepare to deepen oil output cuts

By: Reuters     5th December 2019 Opec and its allies led by Russia were moving closer on Thursday to agreeing to deeper oil supply cuts next year to support crude prices and prevent a glut, sources from Opec and its allied producers said. The Organization of the Petroleum Exporting Countries (Opec) meets on Thursday in Vienna... 

Promoters of Maputo and Richards Bay LNG terminals insist projects can be complementary 

By: Terence Creamer     4th December 2019 The promoters of liquefied natural gas (LNG) import terminals at Maputo, in Mozambique, and Richards Bay, in South Africa, insist that the two proposed projects can be complimentary rather than competitive as there is sufficient existing demand and growth potential in the region to support both... 

Promoters of Maputo and Richards Bay LNG terminals insist projects can be complementary

SA petrol price to rise by 22 cents, retail paraffin cost to dip 24 cents effective Wednesday

By: African News Agency      3rd December 2019 The retail price of both grades of petrol sold in South Africa will rise by 22 cents a litre from Wednesday while the wholesale price of diesel will dip by as much as 15.95 cents, a statement from the mineral resources and energy department said on Tuesday. The department said the retail prices... 

SA petrol price to rise by 22 cents, retail paraffin cost to dip 24 cents effective Wednesday

Petredec adds Oilco business to its portfolio

By: Marleny Arnoldi     2nd December 2019 Energy distributor Petredec has acquired the wholesale and logistics divisions of independent Shell-branded fuels and lubricants distributor Oilco, which is based in KwaZulu-Natal. Oilco has several depot operations between Durban and Empangeni.  

Renergen strikes first gas at flagship Virginia project 

By: Simone Liedtke     2nd December 2019 Emerging domestic natural gas and helium producer Renergen over the weekend recorded short-term venting of pressurised gas in the drilling mud while still in the Karoo Formation, prior to intersecting the targeted sandstone deposit at its Virgina gas project. Drilling out of the casing shoe... 

Renergen strikes first gas at flagship Virginia project
Photo by Creamer Media's Dylan Slater
The drill site at Renergen's Virginia gas project, in the Free State

Sasol scores ‘own goal’ as climate pressure mounts in South Africa

By: Bloomberg     29th November 2019 Sasol, South Africa’s second-biggest polluter, angered some of its investors by refusing to put a resolution on its response to climate change to shareholders and could face legal challenges if it continues to refuse votes on the issue. Sasol dismissed a request by some investors, including Old... 

Portable analysis kit provides reliable filtration solution

29th November 2019 The Fleetguar FK36000 portable fuel cleanliness analysis kit is a reliable solution for testing fuel cleanliness in the field, according to air filter media supplier Cummins Filtration mining sales manager Tinus Naude. Testing can identify dirty fuel, and more importantly the source of the... 

FirstRand commits to disclosing fossil fuel exposure

By: Bloomberg     28th November 2019 FirstRand, Africa’s biggest bank by market value, has committed to disclosing its fossil fuel-related assets and lending but said it can’t meet a deadline requested by some investors. A resolution to produce that information by October next year wasn’t passed at the Johannesburg-based company’s... 

M&R sees 2020 as ‘a year of consolidation’ 

By: Simone Liedtke     28th November 2019 Following several acquisitions in the prior financial year, the 2020 financial year will be “a year of consolidation for all three business platforms”, with the focus on growing the order book and on successful project delivery, multinational engineering and construction services provider Murray... 

Total, Gigajoule deal brings $350m Maputo LNG import terminal a step closer

By: Terence Creamer     27th November 2019 International oil major Total and Southern African gas infrastructure developer Gigajoule signed a joint development agreement (JDA) on Wednesday for the importation of liquified natural gas (LNG), through the Matola harbour, in Maputo, Mozambique, from the end of 2022 onwards. The import project... 

 Total, Gigajoule deal brings $350m Maputo LNG import terminal a step closer
Photo by Gigajoule
An artist impression of an LNG vessel with Maputo's Katembe bridge in the background

Sasol pledges climate action

By: Bloomberg     27th November 2019 Sasol, South Africa’s second-biggest producer of greenhouse gases after State-owned Eskom Holdings, pledged more clarity on plans to reduce its impact on the environment. The company, which together with Eskom also produces pollutants such as sulfur dioxide and particulate emissions, said its... 

Total’s Mozambique LNG project gets $400m loan from AfDB

By: Bloomberg     26th November 2019 Total SA’s giant Mozambique gas project will get a $400-million loan from the African Development Bank (AfDB), adding to its list of backers as the East African nation works to establish a fuel-export industry. The AfDB joins a global syndicate of commercial banks, development finance... 

Ncondezi restructuring shareholder loan

By: Tasneem Bulbulia     26th November 2019 Aim-listed Ncondezi Energy is at an advanced stage of finalising the shareholder loan restructuring, which is expected to provide additional time to explore future refinancing options, CEO Hanno Pengilly said in a statement on Tuesday. Management is concentrating on further de-risking the 300 MW... 

Six juniors to scope South Africa’s onshore hydrocarbon potential  

By: Marleny Arnoldi     26th November 2019 The Petroleum Agency of South Africa (Pasa) has awarded hydrocarbon exploration licences totalling 30 132 km2 to six junior mining companies in a bid to help resolve the country’s energy crisis. There has been very little hydrocarbon exploration activity onshore in South Africa when compared... 

Hulisani narrows interim losses

By: Tasneem Bulbulia     26th November 2019 JSE-listed energy investment company Hulisani has narrowed its loss for the six months ended August 31 to R6.9-million, compared with a loss of R10.2-million in the six months ended August 31, 2018. Revenue for the period increased by R1.7-million year-on-year to R25.4-million, largely as a... 

Renergen breaks ground at flagship gas project 

By: Simone Liedtke     26th November 2019 Emerging natural gas producer Renergen on Tuesday marked the start of the pipeline construction at its flagship Virginia gas project, in the Free State. Phase 1 of the Virginia project is expected to start producing liquefied natural gas (LNG) and liquid helium by 2021. This will be followed by... 

Renergen breaks ground at flagship gas project
Photo by Creamer Media's Dylan Slater
(Left to right) Renergen CEO Stefano Marani, DMRE technical support chief director Xolile Mbonambi, Petroleum Agency South Africa acting CEO Lindiwe Mekwe, Renergen CFO Fulu Ravele and Renergen COO Nick Mitchell at the groundbreaking event at the Virginia gas project

Tanzania secures $1bn syndicated loan from TDB bank for infrastructure

By: Reuters     26th November 2019 Tanzania has received a $1-billion syndicated loan arranged by the Trade and Development Bank for infrastructure projects and is seeking an additional $500-million from the regional lender, the presidency said. The government said in 2016 it had agreed a $7.6-billion loan from China's... 

Sasol warns of lower interim earnings

By: Marleny Arnoldi     25th November 2019 JSE- and NYSE-listed Sasol expects its headline earnings per share (HEPS) for the six months to end December 31, to be at least 20%, or R4.65, lower than the HEPS of R23.25 reported for the six months ended December 31, 2018. The company on Monday said its earnings per share (EPS) should be about... 

Moz needs stronger governance, institutional framework, says IMF

By: Marleny Arnoldi     22nd November 2019 As substantial investments to explore Mozambique’s vast natural gas reserves begin in earnest next year, the country is poised to become a significant exporter of liquefied natural gas (LNG). “LNG can be a game changer for economic transformation, development and inclusive growth, potentially... 

Thresholds on private power generation impeding agribusinesses

By: Tasneem Bulbulia     22nd November 2019 While the current regulations on private embedded energy generation have aided many agricultural operations in cutting their energy costs significantly, the imposed threshold on small-scale embedded generation (SSEG) is excluding many larger agribusinesses from meaningfully using renewable... 

Optimising processes for consumer convenience

22nd November 2019 With the intent of growing and expanding its retail business footprint, integrated chemicals and energy company Sasol is adapting its processes to best suit consumer needs. 

Optimising processes for consumer convenience
Photo by Sasol
BEACON OF LIGHT Sasol retailers aim to create a personalised and digitally connected platform for the consumer

Company continues to aim for balanced debt maturity profile

22nd November 2019 Integrated chemicals and petrochemicals major Sasol continues to actively manage its balance sheet with the objective of maintaining a robust liquidity position and a balanced debt maturity profile. 

Company continues to aim for balanced debt maturity profile
FLEETWOOD GROBLER The new Sasol president, chief executive officer and executive director as effective November 1, 2019

Rope access ensures optimal maintenance of petrochem tanks

By: Theresa Bhowan     22nd November 2019 The highly explosive nature of the petrochemicals environment requires trained personnel, and often the scope of the work involves a work-at-height and or confined space element, which puts rope-access specialist Skyriders in the frame with its capabilities in performing maintenance and repair... 

Rope access ensures optimal maintenance of petrochem tanks
UP, UP AND AWAY Skyriders’ projects and safety team assesses the task at hand and determines the type of equipment needed to carry out the task safely

Retail expansion an attainable goal

By: Theresa Bhowan     22nd November 2019 Listed as an overarching strategic focus, Sasol’s Retail division forms an integral part of the Sasol Groups’ investment strategy. Sasol Energy Retail and Corporate Affairs VP Mohamed Carrim, says that the organisation aims to substantially grow its market share in the foreseeable future as it... 

Retail expansion an attainable goal
Photo by Sasol
FILL ‘ER UP Sasol has 409 Sasol Convenience Centres nationally each consisting of a forecourt, a convenience store, and a bakery

Planets aligning for SA firms as huge Mozambique gas projects get moving

By: Terence Creamer     22nd November 2019 South Africans have yet to grasp both the scale of the gas resources uncovered in neighbouring Mozambique and the size of the business and energy opportunities these discoveries present. With yet more exploration rounds to come, some 150-trillion cubic feet (Tcf) of gas has already been... 

Planets aligning for SA firms as huge Mozambique gas projects get moving
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