R/€ = 16.96 Change: -0.15
R/$ = 15.83 Change: -0.08
Au 1848.31 $/oz Change: -10.16
Pt 944.50 $/oz Change: -2.49


Two Energy Africa investors vow to block Petronas

13th September 2002 Investors with more than the 4% of shares needed to block a takeover of Energy Africa vowed on Wednesday to reject a 1,6-billion ($151-million) offer by Malaysia's state-owned Petronas. 

Oil cartel not sticking to quotas – report

13th September 2002 OPEC countries bound by production quotas lifted their output in August by 20 000 barrels per day (bpd) to produce 1,68-million bpd more than the official ceiling, the West's energy watchdog said on Wednesday. 

SA oil explorer warns on takeover bid

12th September 2002 Energy Africa stepped up its battle with majority shareholder Petronas yesterday, by running a full-page newspaper advertisement urging minorities to wait before accepting a R1,6-billion ($150,9-million) takeover offer. 

World Bank sticks by Chad-Cameroon pipeline

12th September 2002 The World Bank's senior management is standing by a project to build an oil pipeline between Chad and Cameroon, despite an internal report suggesting the project was harming the environment and failing to meet other objectives. 

New oil strike in Equitorial Guinea

11th September 2002 Oil producer Amerada Hess said on Monday it had found oil in its latest appraisal well off Equatorial Guinea, allowing it to increase its estimates for the size of the Elon Field. 

Natref refinery to resume next week

11th September 2002 South African petrochemicals group Sasol said on Monday its Natref refinery would re-open next week, with an expanded capacity of 105 000 barrels a day, but would not reach this new output level for some time. 

Petchem giant to list in New York next year

10th September 2002 Petrochemicals giant, Sasol, has confirmed its position as the biggest single investor in the southern African region. 

New ultra-deep oil well found in Angola

9th September 2002 British oil giant BP said last week it had discovered oil in an ultra-deep water exploration license offshore in Angola. 

SA to host global petroleum gathering

9th September 2002 South Africa has been awarded the bid to host the world’s biggest, most prestigious meeting in the oil industry in 2005. 

SA oil explorer spurns Malaysian bid

9th September 2002 Oil firm Energy Africa last week rebuffed a R2-billion ($189-million) offer to minority shareholders from Petronas, but the Malaysian group nevertheless went ahead and raised its stake to 65,3%. 

Possible contract for 'pig'-manufacturer

6th September 2002 After several discussions with interested parties, Johannesburg-based company Protea Pipeline Services is well-positioned to supply pigs to Sasol’s Temane Gas project in Mozambique. 

Moz pipeline is ahead of schedule

5th September 2002 Weaving its way through former landmine infested areas, construction of Mozambique's first natural gas pipeline is ahead of schedule, South African synthetic fuel producer Sasol said on Tuesday. 

Oil major awards $400m Nigeria oilfield contracts

5th September 2002 The Nigerian unit of ExxonMobil said it had awarded contracts worth more than $400-million for the development of the Yoho shallow offshore oilfield. 

Saudi says too early to decide OPEC output action

4th September 2002 OPEC power Saudi Arabia was keeping tight-lipped on Monday on cartel output strategy amid a chorus of opposition to any relaxation in tough output curbs. 

Oil flows exceed expectation at Gabon field

4th September 2002 Petrochemicals giant, Sasol Petroleum International, has announced the successful completion of its development drilling in the Etame Field offshore southern Gabon. 

Oil giant kicks off $1,2bn Nigeria project

2nd September 2002 Exxon Mobil, the world's largest publicly traded oil company, on Thursday, said it started work on a $1,2-billion oil project offshore Nigeria. 

Shetlands, Angola create novel oil alliance

28th August 2002 Community groups from the Shetland Islands off Scotland set up a novel partnership with Angola on Monday to show the war-racked African nation how to tap big oil for prosperity rather than conflict. 

Chinese group to build oil, gas pipelines in Libya

26th August 2002 China's top oil and gas company China National Petroleum Corp (CNPC) said last week it has been awarded a $230-million contract to build twin 520km oil and gas pipelines in Libya. 

50 years of experience in supplier market

23rd August 2002 Suppliers of instrumentation and control products, Gauteng-based N&Z instrumentation and control, have been supplying products to Southern African companies for more than 50 years. 

Network to be converted for 2004 arrival of natural gas

By: Irma Venter     23rd August 2002 Johannesburg gas distribution company Egoli Gas will spend between R57-million to R94-million to convert its gas reticulation network for the introduction of natural gas by 2004. 

R1-million test pipeline completed

By: Irma Venter     23rd August 2002 Gauteng-based company Pipeline Erectors has been awarded a R1-million contract by Sasol Technologies (Sastech) to construct the first kilometre of Sasol’s $549-million 865-km natural gas pipeline between Temane in Mozambique and Secunda in South Africa. 

New gas regulations being compiled

By: Irma Venter     23rd August 2002 The South African Fuel Gas Association (Safga), an organisation founded nearly two years ago with the objective of becoming an umbrella body to meet the Department of Labour’s requirement that the gas industry become self-regulating, is currently focussing its efforts on compiling new gas... 

Gas-detection facilities for hotel chain

23rd August 2002 Cape Town-based gas safety product company Suregas, has been chosen by the Legacy Hotels and Resort to install gas detection facilities into its hotels on the continent. 

Safety product is to generate R20m a year

23rd August 2002 Following three years of research and development, Afrox has launched two new generation oxygen breathing units which are carried by miners in high-risk underground mines. 

Ultrahigh-purity production facility now commissioned

23rd August 2002 The speciality gas business of Afrox is still expanding, the latest addition being the production of ultra high-purity (UHP) ammonia (NH3), which to the layman means 99,9999 % pure, or as reported in the gas industry - six-nines. 

Membrane system to be commissioned

23rd August 2002 Manufacturer and supplier of speciality gases and equipment Air Products will be commissioning a new membrane hydrogen-recovery system that it supplied to National Petroleum Refiners of South Africa’s (Natref’s) Sasolburg refinery, to provide additional hydrogen required in the... 

Line pipe producer increases productivity

By: Irma Venter     23rd August 2002 Local pipe manufacturer Hall Longmore, a Murray & Roberts company, is supplying line pipe for the 205 km South African section of Sasol’s natural gas project, which will bring the gas from Temane in Mozambique. 

New range of welding gases is launched

By: Irma Venter     23rd August 2002 Manufacturer and supplier of speciality gases and equipment Air Products South Africa, launched its new premier welding range Maxx Gases in Johannesburg, Gauteng, at the beginning of the month. 

Local LPG market experiencing growth

By: Irma Venter     23rd August 2002 The liquefied petroleum gas (LPG) market in South Africa is steadily growing and the country currently uses 400 000 tons of LPG a year. 

SA-linked company wins a contract down under

By: Irma Venter     23rd August 2002 Construction group Aveng has announced that its Australian company McConnell Dowell has been awarded new contracts to the value of about R580-million. 

China liquefied natural gas deal is announced

23rd August 2002 Resources-giant BHP Billiton has been advised through Australian diplomatic channels that the North West Shelf (NWS) venture in Western Australia, in which it has a 17% share, has been selected as the preferred liquefied natural gas (LNG) supplier to phase one of the Guangdong LNG terminal and... 

Gas industry's turnover set to double, Kudu gas project pullout not a crisis

By: Helene Le Roux     23rd August 2002 The South African gas industry’s current turnover of R1-billion a year is set to nearly double with the arrival of natural gas from Mozambique in 2004. 

Moz gas project 25% complete

By: Helene Le Roux     23rd August 2002 South African petrochemical giant Sasol, has completed a quarter of its $1,2-billion project that will bring natural gas from Temane in Mozambique, to its Secunda operations in the Mpumalanga Province. 

Gas industry makes call for skills

22nd August 2002 A call for trainers and instructors in industry to be better qualified was amplified by a Department of Minerals and Energy Affairs report showing that 257 workers had died and 4 772 were injured in all industrial accidents in South Africa last year. 

US firm plans $30m oil search in new Ghana block

22nd August 2002 Houston-based Vanco Energy Company said it plans to invest $30-million to explore for oil in its newly-acquired block in deep waters off the West African country of Ghana. 

US major strikes oil next to Nigerian Bonga

21st August 2002 US oil giant ChevronTexaco said on Monday test drilling had confirmed "substantial amount of net oil sand" in its Nigeria deepwater block OPL213 Aparo. 

US firm's Angola crude output still down on pipeline leak

19th August 2002 US oil major ChevronTexaco is still losing 12 000 barrels per day (bpd) of Angolan crude production after a pipeline leak in mid-June, a company official has said. 

Gas pipeline haulage contract awarded

16th August 2002 Earlier this month it was announced that transportation firm Cargo Africa Overborder (CAOB), a division of Cargo Africa and part of Imperial Logistics and Transport, has won the line haul contract for the transport of specialised, coated steel pipes for use in the construction of the Sasol... 

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