R/€ = 17.13 Change: 0.01
R/$ = 15.10 Change: 0.01
Au 1834.70 $/oz Change: 3.68
Pt 1034.00 $/oz Change: -2.00


SA oil sector worried about future profitability

5th March 2003 The South African oil industry earned operating profits of R5,687-billion in 2001, says the latest South African Petroleum Association (Sapia) report published yesterday. 

IST contract with Kuwait oil-company extended

5th March 2003 Pretoria-based asset management solutions provider MST, which was acquired by the IST Group in December 2002, has had its contract to assist the Kuwait National Petroleum Company (KNPC) with the rollout of a new integrated asset management system initiative extended, to provide KNPC with data... 

War will force Kuwait to cut back oil output

5th March 2003 Kuwait said it would close as much as a third of its oil output if war erupts in Iraq, underlining concerns that more than just Iraqi supplies will be stopped during a conflict. 

Chad oilfield due onstream ahead of plan mid-2003

3rd March 2003 An oilfield being developed in Chad by an ExxonMobil Corporation-led group will come onstream six months ahead of schedule in mid-2003, the company said on Friday. 

Oil refinery backs supplier empowerment

28th February 2003 Black economic empowerment (BEE) has been taken a step further at Engen’s Durban oil refinery thanks to two of its service providers joining forces to form BRG5M. 

Oil explorers announce well extension in E Guinea

27th February 2003 Independent oil company Amerada Hess Corporation said an appraisal well extended an earlier discovery in its prolific holdings offshore Equatorial Guinea. 

Nigerian firms allocated 24 marginal oilfields

26th February 2003 Nigeria allocated 24 marginal oilfields to indigenous firms on Monday, under its plan to encourage local expertise in the country's mainstay industry. 

Pipe firm confident of beating gasline targets

By: Zonika Botha     21st February 2003 Steel-pipe manufacturer Hall Longmore, a wholly-owned subsidiary of Murray & Roberts, is well on track to deliver 197 km of 660-mm-diameter double submerged arc welding (DSAW) pipe, valued at R235-million, for Sasol’s 865-km natural-gas pipeline from the Temane gasfield in Mozambique to... 

$3bn Angola oil project begins

21st February 2003 US oil major Exxon Mobil unit, Esso Exploration Angola, this week started construction of a $3-billion offshore project expected to recover nearly a billion barrels of oil, the firm said. 

Moz-SA gasline nears halfway mark

20th February 2003 Construction of the $1,2-billion Sasol Natural Gas Project (SNGP) is on schedule and the 865km-long pipeline between Secunda in South Africa and Vilanculos in Mozambique is set to cross the national border between the two countries early in March, Sasol said yesterday. 

Nigerian government meets oil strike leaders

20th February 2003 Nigeria's Department of Petroleum Resources (DPR) began talks yesterday with union leaders on ending a strike by its senior staff who monitor oil loadings, officials said. 

Opec to prevent oil shortage in case of war – Attiyah

20th February 2003 The Organisation of Petroleum Exporting Countries (Opec) will act quickly to avoid oil market shortages in case of a war in Iraq, Opec president Abdullah al-Attiyah said in a television interview broadcast on Tuesday. 

Nigeria seeks immediate end to oil strike

20th February 2003 The Nigerian government called leaders of striking oil workers to urgent talks yesterday, but insisted they first call off the action before any negotiations. 

Nigeria oil exports continue at start of strike

18th February 2003 A strike by senior Nigerian oil workers came into force yesterday and quickly won the support of blue-collar workers, but showed no immediate effect on export loadings, oil industry officials said. 

Sasol plays down impact of new pricing scheme

17th February 2003 South African fuel producer Sasol said on Friday a new fuel price scheme to be introduced in April could hurt earnings, but only by between 2% and 3% in the next financial year. 

Nigeria oil union says set for total strike today

17th February 2003 The world oil markets faced a turbulent week ahead as Nigeria's white-collar oil union PENGASSAN said on Sunday it had fully mobilised for a "total" indefinite strike targeted at exports. 

Angola to host oil, gas summit

14th February 2003 The seventh edition of the African Oil and Gas, Trade and Finance Conference and Showcase is to be held in Angola and will be jointly organised by a team combining both international and local expertise. 

Unleaded-fuel issues highlighted

By: Zonika Botha     14th February 2003 South Africa is set to join the likes of the US, Europe and Asia when it totally eliminates the use of leaded fuel by January 1, 2006. 

Middle East tension could boost African oil, lubricants

14th February 2003 The oil industry is set to become one of the boosts to African development in the twentyfirst century. 

German oil air lubrication system introduced locally

14th February 2003 Specialist in bearings, seals, power transmission components, gear products and belting, Bearing Man, has launched a new oil air lubrication system from Germany that has been installed in a number of local rolling mills. 

BHP Billiton returns positive drill results from Mexico programme

11th February 2003 The world’s largest diversified miner, BHP Billiton, has announced the results of appraisal well GC 743-5 (Atlantis-6) and approved full funding for the development of the Atlantis field. 

Gas giant’s new customer strategy

By: Martin Zhuwakinyu     7th February 2003 Efforts initiated during the last five years to reposition welding and gases giant Afrox as a world-class customer-oriented supplier are already bearing fruit, with sales to local and overseas industrial customers growing significantly. 

Gas safety market set to expand on introduction of natural gas

By: nkolola halwindi     7th February 2003 With natural gas due to come on line, companies need to realise the importance of taking serious measures to avoid potential gas disasters, charges Set Point analytics division MD Robbie Frank. 

Firm emphasises critical role of shielding gases in welding

By: nkolola halwindi     7th February 2003 New architectural designs and techniques are highlighting the critical role shielding gases play in welding processes used during building construction, according to welding gases, consumables and equipment supplier Afrox. 

R71-million Joburg gas conversion project starts

By: nkolola halwindi     7th February 2003 Gas distribution company Egoli Gas has begun the sectorisation of network reticulation to facilitate the conversion process from coal gas distribution to natural gas distribution in Johannesburg. 

Largest OxyDep installation in the world awaits March commissioning

By: nkolola halwindi     7th February 2003 Next month will herald a momentous occasion for Air Products South Africa’s wastewater treatment technology. 

Kudu gasfield decision later this year

By: nkolola halwindi     7th February 2003 Cape Town-based Energy Africa, which now owns a 40% share in the Kudu gas field project following Shell Exploration and Production Namibia’s withdrawal from the project mid last year, will decide whether to go ahead with the project this year. 

Project to supply 36 different gas mixtures to PE plant completed

7th February 2003 The depth of technical expertise at industrial gases specialist Air Liquide was demonstrated when the company was asked to provide a turnkey gas supply and reticulation solution to the Struandale coating plant of international catalytic converter manufacturer, Engelhard Catalytic Converters, in... 

Firm gains genset experience in Mozambique

By: nkolola halwindi     7th February 2003 With the rapid progress on local petrochemical giant Sasol’s reported $1,2-billion project to bring natural gas from Mozambique to South Africa, it seems the local interest in gas as a viable source of energy is on the up. 

SA lucrative destination for oil, gas exploration

7th February 2003 South Africa is receiving an increasing amount of interest from both local and international explorers for oil and gas. 

Butane storage project finished

7th February 2003 Speciality gas supplier Puregas completed another bulk butane installation, states public relations manager Gundi R 

Gas-fired burners prove their worth

7th February 2003 A recently-completed project at the Sappi Tugela paper mill plant in Kwazulu-Natal included the installation of two gas-fired Saacke burners firing a 30 000 kg/h steam boiler. 

Qatar and Nigeria plants due for 2006 fin year completion

7th February 2003 High-tech company Sasol Synfuels International (SSI) has been developing and implementing international ventures based on Sasol’s unique Fischer-Tropsch synthesis technology, most notably the Sasol slurry phase distillate (SPD) process for gas-to-liquid (GTL) conversion. 

$675m gas-to-liquids plant contract awarded

7th February 2003 South African petrochemicals group Sasol, along with its partner Qatar Petroleum (QP), has awarded a $675-million engineering, procurement and construction (EPC) contract to Technip-Coflexip, of Italy, for construction of what is described as the world’s largest and most advanced natural... 

Talisman’s Sudan sale delayed again

3rd February 2003 Talisman Energy said last week the $758-million sale of its stake in Sudan's major oil project to India's national oil company would not be completed this week as planned, marking the second time the deal has been pushed back. 

New Algerian oil find announced

31st January 2003 An oil discovery in Algeria was announced on Wednesday by Anadarko Petroleum, Algerian State-owned firm Sonatrach and partners Maersk Oil and ENI/Lasmo Oil (Algeria). 

Oil and gas industry attractive option for pipe manufacturer

By: vanessa vasques     24th January 2003 Last year has seen leading steel pipe manufacturer Hall Longmore, a Murray &?Roberts company, move more towards supplying specialised pipes for the oil and gas industry. 

2002 a boom year for pipe and tube industry

By: vanessa vasques     24th January 2003 Last year was a good year for the pipe and tube market in South Africa, mostly as a result of a boom in the mining industry, especially the platinum mining industry. 

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