R/€ = 18.42 Change: 0.02
R/$ = 16.27 Change: 0.01
Au 1792.60 $/oz Change: -9.55
Pt 955.49 $/oz Change: -15.63


New oil strike off Angola

4th August 2003 Norwegian energy group Statoil said on Friday that more oil had been found in ExxonMobil operated block 15 off Angola. 

From waste to energy

By: zeena isaacs     1st August 2003 Research body develops a biogas process for use in rural areas 

Earthlife prepares case against first PBMR

By: Martin Czernowalow     1st August 2003 To comply with new government regulations, the National Petroleum Refiners of South Africa (Natref) refinery, in Sasolburg, is required to upgrade and modify its processes to produce low-sulphur diesel and unleaded petrol. 

Energy Africa seeks growth through exploration

By: Martin Czernowalow     1st August 2003 South African oil company Energy Africa’s exploration and appraisal programme has potential to contribute to significant further growth in the company within the coming months, chairperson Datoc Idris Mansor said at the company’s annual general meeting, in Cape Town, this week. 

Oil groups to raise E Guinea field’s capacity

1st August 2003 Participants in the offshore Zafiro oilfield in Equatorial Guinea have boosted production capacity by 37%, to 300 000 barrels per day (bpd), US energy producers said. 

Petroleum product sales improving

31st July 2003 The South African Petroleum Industry Association (Sapia) reports that overall sales of petroleum products in 2003 are performing better than in recent years. 

Chad-Cameroon oil line flowing

30th July 2003 A Chad-to-Cameroon oil pipeline, the first oil duct to ever be partly financed by the World Bank, began flowing last week its operator said on Monday. 

SA firm in two new oil exploration deals

29th July 2003 Oil and gas exploration and production group Energy Africa announced yesterday the signature of petroleum exploration agreements in respect of the St Louis Block offshore Senegal and blocks 16/12b and 16/13d on the UK continental shelf. 

BP in Angola ultra deepwater oil find

29th July 2003 Oil major BP yesterday announced it had struck oil at the Saturno field in Block 31 in ultra-deepwaters off Angola. 

Offshore Australia well hits oil- BHP Billiton

24th July 2003 The world's largest diversified miner, BHP Billiton, said yesterday its Ravensworth-1 exploration well offshore Western Australia had made a "small to medium" oil discovery. 

Cape group pursues 800 MW gas turbine power plant

By: Jill Stanford     18th July 2003 Desmond van Dieman Investment Holdings, a consortium of West Coast entrepreneurs, is leading a venture to build a R3,5-billion combined cycle gas turbine (CCGT) power plant in the Saldanha area. 

$700m methanol plant project advances

By: Martin Czernowalow     18th July 2003 South Africa’s national oil and gas agency PetroSA, through its joint venture with Transworld Exploration, as well as three other international companies, have agreed to jointly develop a floating large-scale fuel-grade methanol plant. 

Chad-Cameroon oil pipeline due online

16th July 2003 Oil from impoverished Chad should have begun flowing through a pipeline to Cameroon yesterday as part of a project led by US giant ExxonMobil, officials in Cameroon said. 

ChevronTexaco agrees Nigeria deepwater partners

16th July 2003 Oil major ChevronTexaco has reached agreement on its partners in a large Nigerian deepwater oil block, the company said on Monday. 

New offshore field production

16th July 2003 New offshore field production in Nigeria French oil major Total said yesterday it was starting production at its Amenam/Kpono oilfield offshore Nigeria. 

BOC reviews stake in Afrox health unit

15th July 2003 British industrial gases supplier BOC Group, which saw first-half profits fall in May, said yesterday it was considering "changing its shareholding" in African unit Afrox Healthcare. 

Contract awarded for Nigeria gas project

14th July 2003 Global resources group Technip-Coflexip has been awarded, by the NNPC-Mobil joint venture, a contract for the East Area – the additional oil recovery project. 

Algeria trims oil exports

14th July 2003 Algeria cut crude exports by about 100 000 barrels a day in July, but remains well above its official quota, market sources said on Friday. 

Impoverished Chad starts pumping oil

11th July 2003 Impoverished Chad said on Wednesday it had begun pumping oil from a project led by US giant ExxonMobil that it hopes will revolutionise a subsistence economy of small farms and wandering cattle herds. 

Major western Egypt gas field discovered

9th July 2003 Independent oil and gas driller Apache on Monday announced one of its largest-ever wildcat discoveries, a gas field in Egypt's western desert it said may establish the region as a major production zone. 

Canadian oil group discovers big Nigeria reserve

9th July 2003 Nexen, Canada's No. 4 oil explorer and producer, said on Monday two of its recent discoveries off Nigeria had large recoverable reserves, including one with at least 300-million barrels. 

Oil prices watch as Nigeria strike continues

8th July 2003 US oil prices slipped on Monday in catch-up play with the London market, but held above $30 a barrel as a general strike in Nigeria entered a second week, threatening crude exports from the Opec member. 

Gauteng plans to convert 5 000 vehicles to LPG

By: Deborah Spicer     4th July 2003 The Gauteng provincial government announced last month that phase one of a plan to make its 5 000 government-owned cars more environment-friendly had begun with the retrofitting of 210 vehicles with technology that allows petrol-engined vehicles to run on liquefied petroleum gas (LPG). 

Surge in IT spend forecast

By: Martin Czernowalow     4th July 2003 Companies operating in South Africa will increase their spend on information technology (IT) services by R12-billion between now and 2007. 

SA firm mulls Nigerian oil exploration

By: Deborah Spicer     4th July 2003 A local firm may become involved in Nigerian oil exploration if a deal with the licence holders of an oil-producing block and Exxoteq – the South African subsidiary of Exxoteq Corporation of the United Arab Emirates (UAE) – is concluded, discloses Exxoteq MD Gerhard Brink. 

Indonesia says Opec likely to keep output unchanged

4th July 2003 Indonesia said yesterday the Opec producers' cartel was likely to leave official crude production limits unchanged when it meets at the end of July if oil prices stayed at current levels. 

Asian refiners see no immediate effect from Nigeria

4th July 2003 Asian oil refiners and traders said a Nigerian union's threat to shut down the country's oil exports was unlikely to leave the region short of crude, but it could cause logistical headaches. 

Energy agency says high oil price hurting economy

3rd July 2003 The head of the West's energy watchdog, the International Energy Agency (IEA), said yesterday that current high oil prices were partly to blame for sluggish world economic growth. 

Nigeria gears up for big energy showcase

2nd July 2003 World events such as the Iraqi invasion, the Sars virus and market jitters that forced the postponement of the Powergen Electrotex Nigeria Exhibition and Conference earlier in the year has been a blessing in disguise, says John Thomson of South African Organisers Exhibition Management Services... 

Oil prices ease after big jump

2nd July 2003 World oil prices eased yesterday after a sharp jump the day before as a tropical storm in the Gulf of Mexico passed off without harm to oil and gas output. 

BHPB in new Gulf of Mexico oil strike

1st July 2003 Australian resource giant BHP Billiton yesterday announced that it had made an oil discovery at its second exploratory well on the Chinook prospect in the ultra-deepwater Gulf of Mexico. 

Nigeria oil strike starts

1st July 2003 World oil prices rose yesterday following a nationwide strike in Nigeria, which could threaten crude supplies from the world's eighth-biggest exporter. 

PetroSA on BEE roadshow

By: Martin Czernowalow     1st July 2003 South Africa’s national oil company, PetroSA, yesterday began a series of roadshows to inform interested parties of its plans to sell a 9% share in its Sable Mining Lease project, located south-west of Mossel Bay. 

Competition action against Afrox withdrawn, but new case possible

By: Deborah Spicer     27th June 2003 A complaint against African Oxygen (Afrox) which had been submitted to the Competition Tribunal in January was withdrawn this month as a result of the questionable legal standing of the complainant. 

Bids invited for big West Coast gas line study

By: Martin Czernowalow     26th June 2003 South Africa’s national petroleum corporation, PetroSA, has announced its intention to prequalify tenderers to perform a full environmental-impact assessment (EIA) for a proposed West Coast gas pipeline. 

Canadian oil firm in Alaskan foray

25th June 2003 Talisman Energy launched its first foray into Alaskan oil exploration on Monday with a deal to join TotalFinaElf in drilling in the National Petroleum Reserve Area of the North Slope. 

Shell urges 'finger pointing' of Nigerian crude

25th June 2003 Shell Nigeria, which says it is losing substantial volumes of Nigerian crude to thieves, is seeking certification or "finger printing" of Nigerian blends for easy tracking, officials said yesterday. 

Statoil buys BP gas stakes in Algeria

24th June 2003 Statoil ASA, Norway's biggest energy firm, said yesterday it had agreed to buy gas assets in Algeria from BP for $740-million to keep growth going as its North Sea base matures. 

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