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Energy News

Small ships are next big thing for this $150bn market

By: , Bloomberg     9th October 2019 Giant ocean-going tankers built the liquefied natural gas (LNG) industry into a $150-billion-a-year business. The next expansion opportunity may come from ships a seventh of the normal size. Fifty-five years after the first commercial LNG tanker sailed from Algeria, this segment of the gas... 

Business confidence recovers from 34-year low in Sept – Sacci 

By: Reuters     9th October 2019 South African business confidence improved in September, recovering from a 34-year low in the previous month as exports and vehicle sales increased while economic activity picked-up, a survey showed on Wednesday. The South African Chamber of Commerce and Industry's (Sacci) monthly business... 

China grants rare crude import licenses to Glencore's JV, local firm

By: Reuters     8th October 2019 China's commerce ministry granted crude oil import licences to two Zhejiang-based petroleum companies in eastern China, including a trading joint venture partly held by commodities trader Glencore. Zhejiang Petroleum Trading Co and Zhejiang Petroleum & Chemical Co will receive the so-called... 

Exxon awards contract for Africa’s biggest-ever private project

By: , Bloomberg     8th October 2019 Exxon Mobil awarded a JGC Corp-led group a contract to develop its Mozambique liquefied natural gas (LNG) project, which is set to be the biggest ever private investment in Africa. JGC will be joined by Fluor and TechnipFMC to develop the Rovuma LNG project, Exxon senior VP for LNG Peter Clarke... 

Resgen to provide Ledjadja with additional $2.5m in working capital

By: Tasneem Bulbulia     8th October 2019 ASX- and JSE-listed Resource Generation (Resgen) has received conditional approval from its lender, Noble Group, to provide additional working capital to its partly owned subsidiary, Ledjadja Coal, to cover the subsidiary’s projected financial needs through to February 28, 2020. Resgen will... 

Mozambique says Exxon to approve giant LNG project

By: , Bloomberg     7th October 2019 Mozambique’s government said Exxon Mobil Corporation will sign off on an initial investment decision for a liquefied natural gas project that could cost as much as $33-billion to build – the biggest ever in Africa. A ceremony marking the decision will take place October 8 in Maputo, the capital... 

Former German company now South African owned

By: Simone Liedtke     4th October 2019 Composite insulators and related products manufacturer Pfisterer has completed its rebranding initiative and is now known as Vexila. The rebranding follows after Pfisterer, which was solely owned by the German group Pfisterer, decided to exit the South African market owing to a strategic... 

Former German company now South African owned
Vexila CEO Gary Whalley

Fuel pumps supplied to revamped filling station

By: Darren Parker     4th October 2019 Local fuel pump manufacturer and supplier Prowalco Tatsuno completed the refurbishment of a filling station, in Pretoria, for private owner and developer Marius Smith last month. The project is worth about R6-million. 

Fuel pumps supplied to revamped filling station
FUEL-FILLING SUPPLY The Icon 1000 series’ state-of-the-art technology keeps the fuel flowing

Local pumps manufacturing industry under pressure

By: Darren Parker     4th October 2019 A need to upskill industry newcomers, increasing labour costs and decreasing foundry capacity continue to place the local pump manufacturing industry under pressure, says industry association South African Pump Cluster chairperson Howard Jones. “Greater incentives need to be made available to... 

Local pumps manufacturing industry under pressure
A HOT MESS South Africa’s pump manufacturing industry is dying owing to high energy costs, high labour costs, an underskilled workforce and increased international competition.

Nigeria says will cut output to conform to OPEC pact

By: Reuters     1st October 2019 Nigeria will make cuts to its crude oil output to comply with OPEC output targets, Mele Kolo Kyari of the Nigerian National Petroleum Company (NNPC) said on Tuesday. Nigeria's September crude oil and condensate output was 2.1-million to 2.2-million barrels per day (bpd), the director of its state... 

IPO for South African fuel giant Engen planned for 2020

By: , Bloomberg     1st October 2019 Petroliam Nasional and its South African partners plan to conduct an initial public offering in their fuel retailer Engen to fund the upgrade of a refinery in the coastal city of Durban and to expand its network of gas stations. A yet to be decided amount of shares in the company, which is South... 

Oil major Total closes purchase of Anadarko's Mozambique LNG asset

By: Reuters     30th September 2019 French oil major Total has completed the acquisition of Anadarko's 26.5% stake in Mozambique's liquefied natural gas project for $3.9-billion, Total said on Monday, in a deal expected to raise much-needed revenue for Mozambique. "Mozambique LNG is a one of a kind asset that perfectly fits with... 

Oil major Total closes purchase of Anadarko's Mozambique LNG asset

Oil set for worst week since July as Saudis restore production

By: , Bloomberg     27th September 2019 Oil is heading for the biggest weekly loss since July on indications Saudi Arabia is restoring lost crude production quicker-than-expected after attacks on its key energy infrastructure. Futures slid as much as 0.6% in New York on Friday. The kingdom is about a week ahead of its repair schedule... 

Partnership deploys waste recycling tech

By: Cameron Mackay     27th September 2019 Energy equipment and waste disposal solutions provider Bio-Dynamic Fuel (BDF) is focusing on partnering with food service and retail businesses to deploy the company’s waste disposal and renewable-energy solutions on a national level. The company’s technology entails converting used cooking oil... 

Partnership deploys waste recycling tech
OIL’S WELL THAT ENDS WELL The deployment will focus on the company’s developed B-Tech 40 ℓ processor and chemical mix, which converts used cooking oil into biofuel

More painful petrol, diesel price hikes ahead

By: News24Wire      26th September 2019 All hope of a fuel price cut in October is likely lost, according to the latest data from the Central Energy Fund. A strong rand rally at the start of September initially put the petrol price on track for a cut in the first week of October. But then an attack on a major oil facility in Saudi... 

 More painful petrol, diesel price hikes ahead

SA SME Fund, Masisizane Fund partner to create black fuel franchise owners

By: Creamer Media Reporter      26th September 2019 Investment vehicle, the SA SME Fund has partnered with nonprofit initiative Masisizane Fund to create a R70-million fund – the Masisizane Franchise Fund – to invest in black-owned fuel station dealerships. The fund is expected to create long-term wealth and economic opportunities for black... 

Ships set to burn raw crude oil to beat new clean fuel rules 

By: , Bloomberg     26th September 2019 For almost three years, the oil industry has been puzzling over how to supply merchant ships with fuel that will meet tough new environmental standards. Turns out part of the solution was sitting in the ground and under ocean floors all the while: crude oil. Oil from off the U.K.’s coast, which... 

Kibo, Shumba reorganise Botswana coal IPP arrangements

By: Tasneem Bulbulia     25th September 2019 Multi-asset, Africa-focused Kibo Energy has signed a binding heads of agreement with energy development company Shumba Energy and various subsidiaries of each party to reorganise the arrangements for  the Mabesekwa coal independent power project (MCIPP) and its associated coal asset in Botswana.   

Public, private sectors urged to double yearly investments in renewables 

By: Simone Liedtke     23rd September 2019 Public and private sector leaders are being urged to double yearly investments in renewable energy to keep the world well below the 2 °C increase in global temperatures, says a new report by the International Renewable Energy Agency. The report was published ahead of the United Nations Climate... 

Nigerian state oil company says refinery revamps set for January

By: Reuters     23rd September 2019 Full restoration work on all three of Nigeria's state-owned refineries will begin in January, the Nigerian National Petroleum Corporation (NNPC) said in a statement on Saturday. NNPC chief Mele Kyari said the company "will do everything possible between October and December" to make the projects... 

No immediate risk to supply of crude oil to South Africa 

By: Tasneem Bulbulia     20th September 2019 Following the drone attacks on two of Saudi Aramco’s oil facilities in Saudi Arabia recently, South African Petroleum Industry Association (Sapia) executive director Avhapfani Tshifularo told Engineering News Online on Friday that there is no immediate risk to supply of crude oil to South... 

No immediate risk to supply of crude oil to South Africa

SAWEA disappointed at Cabinet’s failure to approve IRP update 

By: Simone Liedtke     20th September 2019 Following another delay in the release of the 2019 Integrated Resource Plan (IRP) update, the South African Wind Energy Association on Friday reminded key stakeholders of “the role that renewable energy plays in the country’s future development” and the achievement of the National Development... 

Integrating circular-economy approach to waste oil holds promise

By: Schalk Burger     20th September 2019 Moving towards a more circular economy - which is based on the principle of using, recycling, and reusing in an (almost) closed loop - could deliver opportunities including reduced pressures on the environment, enhanced security of supply of raw materials, increased competitiveness, innovation,... 

Minerals Council calls for delay in Carbon Tax implementation 

By: Simone Liedtke     19th September 2019 The Minerals Council South Africa has called for the implementation of the carbon tax to be delayed until all enabling regulations, and a legislative regime providing for a carbon budget, are in place. It believes the timing of the implementation of the carbon tax “presents a major challenge”,... 

Minerals Council calls for delay in Carbon Tax implementation
CEO Roger Baxter

FRA to act against illegal wholesale diesel trade 

By: Mamaili Mamaila     19th September 2019 The illegal trade of wholesale diesel to retail customers has had dire consequences for the fuel retail industry, Fuel Retail Association (FRA) CEO Reggie Sibiya said on Thursday. “It is a serious problem. This thing is like cancer [and it] is killing our businesses,” he said during the second... 

FRA to act against illegal wholesale diesel trade
Photo by Creamer Media's Mamaili Mamaila
FRA CEO Reggie Sibiya

National action ‘critical’ in combatting climate change, says Momoniat 

By: Simone Liedtke     19th September 2019 Appropriate action to help transition the South African economy onto a low-carbon growth path, as articulated in the National Development Plan, is needed, says National Treasury deputy-director general Dr Ismail Momoniat. Speaking at a Carbon Tax Colloquium hosted by the South African National... 

National action ‘critical’ in combatting climate change, says Momoniat
Photo by Creamer Media's Simone Liedtke
National Treasury deputy-director general Dr Ismail Momoniat

South Africa calls for dialogue after attack on Saudi oil facilities

By: News24Wire      19th September 2019 The escalation of conflict in the Middle East has prompted the South African government to call for dialogue to avoid rising tensions. This relates to an attack on two key Saudi Arabian oil facilities on Saturday. The attack has already taken its toll on the rand and has led to a rise in oil... 

South Africa calls for dialogue after attack on Saudi oil facilities

‘Time of essence’ for finalisation of South Africa's gas-to-power plan

By: Terence Creamer     18th September 2019 The acting head of the Independent Power Producer Office (IPPO), Advocate Sandra Coetzee, says “time is of the essence” for finalising South Africa’s gas-to-power (GTP) plans in light of the prospect of possible electricity supply shortages arising from the underperformance of Eskom’s coal fleet.... 

‘Time of essence’ for finalisation of South Africa's gas-to-power plan
Advocate Sandra Coetzee

South Africa approaching gas supply cliff edge, industrial users warn 

By: Terence Creamer     18th September 2019 The Industrial Gas Users Association of Southern Africa (IGUA-SA) warned on Wednesday that South Africa is in the midst of a gas supply crunch, which will worsen dramatically from 2025 onwards in line with depleting production from Sasol’s Pande and Temane gasfields, in southern Mozambique. The... 

South Africa approaching gas supply cliff edge, industrial users warn

Sasol is said to plan sale of its South African coal mining unit

By: , Bloomberg     18th September 2019 Sasol is planning to sell its South African coal-mining business, according to people familiar with the matter. The company will begin a formal sales process in the coming weeks, said the people, who asked not to be identified as the information isn’t public yet. The mining business had turnover... 

Sasol is said to plan sale of its South African coal mining unit

Recent attacks on Saudi Arabia’s oil highlight region’s risks – S&P

By: Simone Liedtke     17th September 2019 Although high inventory levels could limit the impact of the September 14 attacks on Saudi Arabia’s oil infrastructure, S&P Global Ratings on Tuesday said the event highlighted the region’s high geopolitical risks and the risks to spare capacity. The attack on national oil company Saudi Aramco's... 

Vitol and Mozambique's State oil firm form trading joint venture

By: Reuters     17th September 2019 Global energy trader Vitol and Mozambique's state oil firm, ENH, have launched a trading joint venture called ENH Energy Trading, Vitol said on Tuesday, to focus on liquefied natural gas (LNG), liquefied petroleum gas and condensate. The new entity will be incorporated and based in Singapore. 

SA petrol price still expected to decrease in October – AA

By: News24Wire      17th September 2019 An attack on a major oil facility in Saudi Arabia means that a predicted drop in the petrol price for October will be lower than anticipated, according to the Automobile Association. It now expects the price of a litre of 95 octane petrol to drop by 5 cents, and a litre of 93 octane by 20 cents... 

 SA petrol price still expected to decrease in October – AA

Renergen redeems A$500 000 of convertible notes

By: Creamer Media Reporter      17th September 2019 Emerging natural gas and helium producer Renergen, which is listed on the JSE and the ASX, has redeemed A$500 000 of convertible notes issued in December 2018. The notes had an interest rate of 15% a year and were convertible into shares at an equivalent price of A$0.074 a share. 

Tanzania plans to extend its gas pipeline network

By: Reuters     16th September 2019 Tanzania said on Monday it planned to construct a 30-km pipeline to extend the country's natural gas supply network from the capital Dar es Salaam to the nearby town of Bagamoyo to provide cheaper energy for factories and households there. The country has been eager to expand supplies of natural... 

G5 Sahel heads of State extend support to Desert to Power initiative

By: Tasneem Bulbulia     16th September 2019 The G5 Sahel heads of State, at a Summit in Ouagadougou, Burkina Faso, last week, gave strong support to Desert to Power, an African Development Bank- (AfDB-) led initiative. The summit, "Harnessing solar energy for the socioeconomic development of the G5 Sahel countries" came on the heels of a... 

SA was on track for a petrol price cut – then kamikaze drones struck Saudi oil plants 

By: News24Wire      16th September 2019 A record spike in the oil price – which jumped 20% at the start of trading on Monday – has probably dashed all hopes of a South African fuel price cut in October. On Saturday, ten drones struck two Saudi oil facilities – which affected half of that country’s oil output, or 5% of the world’s oil... 

 SA was on track for a petrol price cut – then kamikaze drones struck Saudi oil plants
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