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Oil & Gas News

Sasol narrows immediate asset-disposal focus to ‘top ten’ list 

By: Terence Creamer     Updated 6 hours ago Chemicals and energy group Sasol has developed a list of ten major assets that will be prioritised for sale in the coming weeks and months as it moves to streamline the business into what is being termed ‘Sasol 2.0’, while also raising proceeds to help it reduce a $9.5-billion debt burden. In... 

Mantashe starts oil supply arrangements as some shortage from Astron is expected

By: Marleny Arnoldi     3rd July 2020 Mineral Resources and Energy Minister Gwede Mantashe says his deparment will soon convene meetings with oil companies to ensure alternative supply arrangements are put in place, considering some fuel shortages are expected from Astron Energy's Milnerton refinery. Mantashe notes in a statement... 

Sasol confirms Rompco pipeline sale ‘well advanced’ as asset disposal process kicks into gear 

By: Terence Creamer     1st July 2020 Chemicals and energy group Sasol confirmed on July 1 that the sale of its equity interest in the Republic of Mozambique Pipeline Investment Company (Rompco) and the Central Termica de Ressano Garcia gas-fired power plant, also in Mozambique, were well advanced, along with partnering discussions... 

 Sasol confirms Rompco pipeline sale ‘well advanced’ as asset disposal process kicks into gear

South Africa adopts new LPG pricing formula

By: Marleny Arnoldi     1st July 2020 The Department of Mineral Resources and Energy has switched to a new formula for calculating official domestic liquefied petroleum gas (LPG) prices. The formula is linked to global energy and commodity price reporting agency Argus’ calculations of freight and logistics costs.  

Oando celebrates construction start of Nigerian gas pipeline project

By: Tasneem Bulbulia     1st July 2020 JSE-listed Oando attended as a consortium partner at the flag-off ceremony for the construction of the $2.8-billion, 40-inch and 614 km Ajaokuta-Kaduna-Kano (KKK) gas pipeline project, in Nigeria, by President Muhammadu Buhari on June 30. The AKK pipeline project, championed by two consortia... 

Sasol’s asset sale programme advances with bids due for pipeline

By: Bloomberg     29th June 2020 Sasol expects binding bids within weeks for its stake in a natural gas pipeline running from Mozambique to South Africa, as the company accelerates asset sales to pay off debt, according to people familiar with the process. The bidding round underway for the Rompco 865 km gas pipeline stake... 

Insurgents stage 'very violent' attack close to gas projects in Mozambique

By: Reuters     29th June 2020 Suspected Islamist insurgents attacked a town in the north of Mozambique near billion-dollar gas projects managed by Total and Exxon Mobil early on Saturday morning, a police and a security source told Reuters. The police source said the attack, the latest on the strategically important town of... 

Transnet, Hawks' joint efforts lead to arrest of petroleum, rail equipment thieves

By: Tasneem Bulbulia     25th June 2020 South African rail, port and pipeline company Transnet has welcomed arrests made in connection with the theft of petroleum products and rail equipment. These arrest were achieved through a join security operation between the company and the Directorate for Priority Crime Investigation (Hawks),... 

Nigerians bid to sue Shell in UK over oil spill pollution

By: Bloomberg     23rd June 2020 Thousands of Nigerians are asking British judges to give them permission to sue Royal Dutch Shell Plc in London over environmental damage caused by oil spills 3,000 miles away in Africa. Lawyers for residents of the crude-rich Niger Delta believe a landmark UK Supreme Court ruling last year... 

Advantages of biodiesel highlighted

19th June 2020 Women-owned biodiesel distributor EcoDiesel believes that the solution to South Africa’s current need for an alternative energy source that is efficient, recycles waste and takes care of the environment, is biodiesel. “Crude reserves, global price volatility and environmental impact issues have... 

Advantages of biodiesel highlighted
TRUCK IT EcoDiesel is making the environment and cost saving benefits of locally manufactured biodiesel better known in South Africa

Tlou gets green light for 2 MW plant

By: Marleny Arnoldi     18th June 2020 ASX- and Aim-listed Tlou Energy has been granted a 15-year electricity generation licence by the Botswana Energy Regulatory Authority. The licence is for 2 MW of coal-bed methane, gas and solar power generation at the company’s Lesedi project.  

IEA makes case for $3-trillion global clean-energy stimulus plan  

By: Terence Creamer     18th June 2020 The International Energy Agency (IEA) released a ‘Sustainable Recovery Plan’ on June 18 that outlines the case for a $3-trillion global clean-energy stimulus plan over the coming three years to help repair the economic and employment damage caused by the Covid-19 pandemic. Produced in... 

IEA makes case for $3-trillion global clean-energy stimulus plan

Renergen, Total South Africa ink LNG distribution agreement 

By: Simone Liedtke     18th June 2020 Emerging domestic natural gas and helium producer Renergen and Total South Africa have signed an agreement for the joint marketing and distribution of liquefied natural gas (LNG) through Total’s service stations. The first route targeted under the agreement will be the N3 between Johannesburg and... 

Renergen, Total South Africa ink LNG distribution agreement
Renergen's Virginia gas project, in the FreeState.

Tlou Energy releases share offering to raise A$3m 

By: Donna Slater     15th June 2020 Botswana-based energy company Tlou Energy has released a partially underwritten entitlement offer of up to 75-million new offer shares at a price of A$0.04 apiece to raise A$3-million. Tlou generates electricity in Botswana for supply into the local and regional power markets and is developing... 

Fuel availability is improving, says Sapia

By: Simone Liedtke     15th June 2020 The South African Petroleum Industry Association (Sapia) says diesel and petrol stock availability in the country is improving. Since the lowering of the lockdown alert levels for Covid-19 and recent price changes, Sapia members are building stock as product imports have arrived at the Durban... 

Fuel availability is improving, says Sapia

Engen opens acquired barge for use by other stakeholders to improve trade

By: Marleny Arnoldi     11th June 2020 Petrochemicals company Engen has acquired the services of a 2 000 metric tonnes (MT) barge, for the bunkering of gasoil – 10 parts per million and 500 parts per million – at the ports of Walvis Bay and Lüderitz, Namibia. Additionally, this helps enhance bunkering supply in Namibia, as Engen will... 

Engen opens acquired barge for use by other stakeholders to improve trade
Barge MT Sarah

Cabinet approves rationalisation plan for CEF’s oil and gas units

By: Terence Creamer     11th June 2020 Cabinet has approved appointment of a professional restructuring company that specialises in mergers to investigate the most viable model for a single ‘National Petroleum Company’. The approval follows a briefing this week relating to ongoing work to rationalise the oil and gas subsidiaries of... 

Cabinet approves rationalisation plan for CEF’s oil and gas units
Photo by Creamer Media's Donna Slater
In May, Mineral Resources and Energy Minister Gwede Mantashe told lawmakers the CEF companies would be restructured

Gas market suffers from uncertainties, but demand growth expected in China, India

By: Marleny Arnoldi     10th June 2020 The International Energy Agency (IEA) says natural gas markets will this year experience its biggest demand shock ever, as Covid-19 had hit at a time when gas demand had already been decreasing. Gas consumption is expected to fall by 4% this year, under the successive impacts of lower heating... 

Gas market suffers from uncertainties, but demand growth expected in China, India

Total joins Getting to Zero Coalition

By: Marleny Arnoldi     8th June 2020 Global petrochemicals company Total has joined the Getting to Zero Coalition to support the maritime industry’s decarbonation agenda. Total will be collaborating with companies across the maritime, energy, infrastructure and finance sectors to help achieve the target set by the International... 

DMRE welcomes new female energy sector business leaders

By: Donna Slater     5th June 2020 Mineral Resources and Energy Minister Gwede Mantashe has welcomed the recent appointments of a number of women to senior executive positions in the energy sector. According to the Department of Mineral Resources and Energy (DMRE), the appointment of women to leadership roles, specifically in the... 

Oil slips with Opec+ discord and US demand data sowing doubt

By: Bloomberg     4th June 2020 Oil retreated from a three-month high as Opec+ unity was threatened by a long-running feud over complying with production cutbacks, while U.S. data cast doubt on the strength of the demand recovery. Futures in New York fell around 2% to below $37/bl after closing at the highest since March 6.... 

Responsible sourcing of critical minerals in focus as energy transition drives up demand

By: Terence Creamer     3rd June 2020 The accelerating pace and scale of the global clean-energy transition is poised to dramatically increase demand for critical energy minerals and metals, from aluminium to zirconium, with implications not only for the resources sector, but for geopolitics. The future energy system will be far more... 

Responsible sourcing of critical minerals in focus as energy transition drives up demand

BP Southern Africa appoints supply chain expert as CEO  

By: Marleny Arnoldi     2nd June 2020 Petrochemicals company BP Southern Africa (BPSA) has appointed Taelo Mojapelo CEO, effective June 1. She succeeds Priscillah Mabelane, who resigned to pursue another opportunity.  

BP Southern Africa appoints supply chain expert as CEO
BPSA CEO Taelo Mojapelo

Sasol appoints Mabelane to lead energy business as Radebe retires

By: Terence Creamer     2nd June 2020 Chemicals and energy group Sasol has appointed Priscillah Mabelane as the new executive vice president of its energy business, replacing Maurice Radebe, who will retire from Sasol on September 30 after 16 years with the group. Mabelane’s appointment is effective from September 1 and she will also... 

Sasol appoints Mabelane to lead energy business as Radebe retires
Priscillah Mabelane

Magubane appointed new chair of governance-impaired SFF

By: Terence Creamer     2nd June 2020 Respected former Department of Energy director-general Nelisiwe Magubane has been appointed as the new chairperson of the Strategic Fuel Fund (SFF), the governance-impaired subsidiary of the State-owned Central Energy Fund (CEF). Magubane, who is also executive chairperson of Matleng Energy... 

Magubane appointed new chair of governance-impaired SFF
Photo by Creamer Media
Nelisiwe Magubane

Renergen remains on track to execute Virginia gas project

By: Simone Liedtke     1st June 2020 The 2020 reporting period has arguably been emerging liquefied natural gas (LNG) and helium producer Renergen’s busiest to date, with major milestones including a successfully completed initial public offering on the ASX, which raised A$10-million for the company, ensuring that the company... 

Pipeline construction at Renergen's Virginia project to resume

By: Simone Liedtke     28th May 2020 Engineering consultant EPCM Bonisana, a subsidiary of EPCM Holdings, plans to remobilise on June 1 for the restart of construction of the pipeline at emerging domestic natural gas and helium producer Renergen’s Virgina gas project, in the Free State. “This is a great result, not only for Renergen... 

Pandemic-induced slump in global energy investment risks locking in obsolete technologies 

By: Terence Creamer     27th May 2020 The Covid-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge by $400-billion in 2020, a new International Energy Agency (IEA) report shows. Describing the slump as “unparalleled” and “staggering” in both scale and swiftness, the... 

Pandemic-induced slump in global energy investment risks locking in obsolete technologies
IEA executive director Dr Fatih Birol

DMRE to fast-track mining rights, capital projects to help save jobs 

By: Marleny Arnoldi     26th May 2020 To help create jobs in what will remain a challenging macroeconomic environment for the foreseeable future, the Department of Mineral Resources and Energy (DMRE) says it will fast-track its capital expenditure (capex) projects planned for the next five years. If an allocated R25-billion can be... 

NOCs to slash over a quarter of exploration budgets on average this year

By: Tasneem Bulbulia     21st May 2020 National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average this year, says global consultancy Wood Mackenzie. The analysis is based on announcements and tracking well plans of 11 top spending NOC explorers. 

Cargill’s natural ester fluid production line complete

By: Simone Liedtke     19th May 2020 Cargill Bioindustrial South Africa’s natural ester fluid production line in Isando, Gauteng, is complete, following the recent approval of an Eskom tender.  Cargill will be the only local producer to own and manage the production of biodegradable, natural ester fluids, called FR3, replacing... 

Total pulls out of deal to buy Anadarko’s Ghana assets

By: Marleny Arnoldi     18th May 2020 Petrochemicals company Total has decided to not proceed with the acquisition of hydrocarbon exploration company Anadarko Petroleum Corporation’s assets in Ghana. Total's decision was based on the "extraordinary market environment" and the lack of visibility about the group's prospects, as well... 

Global trade set to slump 27% in Q2, report warns

By: Terence Creamer     13th May 2020 Global trade is projected to record a quarter-on-quarter slump of 27% in the second quarter of 2020 as a result of the Covid-19 pandemic, after falling by three percent in the first quarter, a new report by the Committee for the Coordination of Statistical Activities (CCSA) warns. The report,... 

Global trade set to slump 27% in Q2, report warns

Drilling of first inclined well to start at Renergen’s Virginia gas project

By: Simone Liedtke     13th May 2020 Emerging domestic natural gas and helium producer Renergen has signed a contract with hydraulic exploration drilling rig manufacturer Bohrmeister Technik to start the drilling of the first inclined well for the delivery of gas to Phase 1 of Renergen’s Virginia gas project, in the Free State.... 

CEF fills all vacant CEO positions for group companies

By: Donna Slater     11th May 2020 Having not had permanent CEOs since 2014, the Central Energy Fund (CEF) has now filled the position of group CEO, as well as all vacant CEO positions at its group companies, in particular at the Strategic Fuel Fund (SFF), the Petroleum Agency of South Africa (Pasa) and national oil company... 

Global oil production to see considerable cuts – IHS Markit

By: Tasneem Bulbulia     8th May 2020 The second quarter of this year will see the largest volume of liquids production cuts, including shut-in production, in the history of the oil industry, the latest assessment on oil markets by London-based global information provider IHS Markit’s Crude Oil Market Service shows. IHS Markit now... 

International oil, gas industry in unchartered waters – Norton Rose Fulbright

By: Donna Slater     6th May 2020 The oil and gas industry is experiencing a “truly historic moment”, with prices having dropped below zero for a barrel of oil and liquefied natural gas (LNG) shipments likely to be halted in the near future, says law firm Norton Rose Fullbright US oil and gas practice head Julie Mayo. She... 

International oil, gas industry in unchartered waters – Norton Rose Fulbright
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