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Oil & Gas News

Energas supplies gas gensets to power new residential development

By: Tasneem Bulbulia     25th October 2021 Specialised equipment supplier to the oil and gas industries Energas Technologies is supplying three gas generators to a new residential development. Amid the ongoing energy crisis in South Africa, Energas says it has seen a growing appetite for gas-to-power solutions as property developers are... 

Sakhumnotho acquires 26% stake in Refinex, SA Tank Terminals

By: Schalk Burger     21st October 2021 Investment management company Sakhumnotho has acquired a 26% stake in the privately owned petrochemicals company Refinex and bulk liquid storage company South African Tank Terminals (SATT). This signifies the arrival of an important new player in the energy market, Sakhumnotho said. 

S&P comments on ‘slightly weaker’ outlook for Sasol

By: Simone Liedtke     19th October 2021 Improvements in petrochemicals company Sasol’s leverage and credit metrics has led to S&P Global Ratings adjusting its outlook on the business profile as “slightly weaker” owing to having underperformed against the agency’s expectations. While this poorer-than-expected performance is largely... 

Renergen, Argonon agreement to potentially establish helium spot market 

By: Simone Liedtke     17th October 2021 South African natural gas and helium producer Renergen has inked a helium forward sale agreement with helium trading company Argonon Helium US for 100 000 units over 19 years, with each unit representing a thousand standard cubic feet (mcf) of helium at 99.999% purity and in liquid form. Argonon... 

Overhead view of Renergen's Virginia gas project, in outh Africa's Free State
Renergen's Virginia gas project

Need for training in LNG sector recognised

By: Halima Frost     15th October 2021 With liquefied natural gas (LNG) expected to grow exponentially over the next five years, owing to the global drive to greener power generation, diverse consulting service provider Synergy Oil & Gas Consulting & Training senior energy manager Ismaeel Fataar says now is the time to upskill workers... 

A large ocean bearing vessel with LNG Gas from Mozambique and other parts of the world to South Africa.
KEEPING AFLOAT In order for South Africa to keep abreast with international standards, its LPG workers must be trained correctly

Eskom aiming to secure concessional funding for R400bn just energy transition project pipeline 

By: Terence Creamer     14th October 2021 State-owned electricity producer Eskom has identified a pipeline of ‘just energy transition’ projects valued at about R400-billion that it will seek to fund using concessional finance raised from international financiers that have committed to supporting decarbonisation initiatives in developing... 

Photo of Eskom's rock-man statue at Megawatt Park

Eni to exit South Africa offshore oil block amid tech challenges

By: Bloomberg     14th October 2021 Eni is pulling out of plans to explore for oil with Sasol in a large block off South Africa’s southeast coast due to concerns over the technical challenges of drilling in deep waters, according to two people familiar with the decision. The people asked not to be identified as the matter is private. 

Kosmos, GNPC to buy Occidental’s Ghana assets for $750m

By: Bloomberg     14th October 2021 Kosmos Energy and Ghana National Petroleum Corp agreed to buy Occidental Petroleum Corp’s oil assets in the West African country for a combined $750-million. Kosmos will pay $550-million while GNPC will pay $200-million for the Houston-based company’s interests in the Jubilee and TEN offshore... 

IEA warns of more energy market volatility as transition investment lags 

By: Terence Creamer     13th October 2021 There is a looming risk of more turbulence ahead for energy markets, the International Energy Agency (IEA) warns in its latest World Energy Outlook publication. “The world is not investing enough to meet its future energy needs, and uncertainties over policies and demand trajectories create a... 

IEA executive director Dr Fatih Birol
IEA executive director Dr Fatih Birol

Headwinds mounting for world economy into final stretch of 2021

By: Bloomberg     4th October 2021 The global economy is entering the final quarter of 2021 with a mounting number of headwinds threatening to slow the recovery from the pandemic recession and prove policy makers’ benign views on inflation wrong. The spreading delta variant continues to disrupt schools and workplaces. US lawmakers... 

BP, Eni seek to raise $2 billion for Angola joint venture

By: Reuters     1st October 2021 BP and Eni are seeking to raise up to $2-billion for their emerging oil and gas joint venture in Angola as both firms attempt to reduce their own debt to help build up renewables businesses, banking and industry sources said. BP and Eni announced in May that they had entered into talks to merge... 

Production site acquisition finalised

1st October 2021 Multinational industrial gas company Air Liquide’s acquisition of integrated chemicals and energy company Sasol’s 16 Air Separation Units (ASUs) in Secunda, Mpumalanga has now been finalised. The plan to acquire the ASUs was first announced on July 29 last year, subject to approvals. Engineering... 

A photo of seven air separation units and a pylon in the background
BIGGEST OXYGEN PRODUCTION SITE GLOBALLY The initial investment amounts to about R8-billion and comprises 16 air separation units that will now be operated by Air Liquide Large Industries South Africa Air

New drone tech improves inspection capabilities

By: Darren Parker     1st October 2021 Work-at-height company Skyriders has added the Zenith robotic inspection device –a new vertical inspection technology – to its portfolio of services. The winch-operated pan-tilt-zoom camera drone increases the accuracy and efficiency of repeat inspections in vertical downhole applications such as... 

A photo of the fully assembled Zenith robotic inspection device including camera, controller and tripod
DOWN-HOLE DREAM Skyriders first used the Zenith robotic inspection device in June for internal inspections on large petrochemicals tanks

Carbon tax ineffective against major emitters

By: Darren Parker     1st October 2021 South Africa’s “laughably weak and ineffective” carbon tax regime is no disincentive to carbon-intensive businesses, such as integrated chemicals and energy company Sasol, environmental activist organisation Greenpeace Africa climate and energy campaigner Thandile Chinyavanhu tells Engineering... 

A photo of a Sasol plant emitting pollution into the air while crops and flowers grow in the foreground
Photo by Reuters
PINING FOR CHANGE Greenpeace Africa ponders whether a just transition is possible while major emitters continue to be granted large-scale carbon tax allowances

More equipment donated in the fight against Covid-19

1st October 2021 Integrated chemicals and energy company Sasol has donated mobile clinics, vaccine carriers, laptops, specialised World Health Organisation-approved medical refrigerators and freezers, as well as temperature loggers to the provincial health departments in Gauteng, Mpumalanga and the Free State to... 

A photo of a healthworker’s hands filling out a form at a table with Covid-19 vaccinations lined up in the foreground
SPREADING THE CURE Sasol is supporting Government’s vaccination rollout strategy by donating essential equipment and resources

Sasol triples 2030 decarbonisation target, makes net-zero by 2050 pledge 

By: Terence Creamer     22nd September 2021 Chemicals and energy group Sasol has announced a material acceleration of its decarbonisation plans, confirming that it will reduce greenhouse gas (GHG) emissions by 30% by 2030 rather than by the much-criticised 10% level to which it initially committed. CEO Fleetwood Grobler has also pledged... 

Sasol CEO Fleetwood Grobler
Photo by Creamer Media's Donna Slater
Sasol CEO Fleetwood Grobler

PetroSA mulls geothermal as way to offset ‘decommissioning liability monster’ 

By: Terence Creamer     17th September 2021 Embattled State-owned gas-to-liquids refiner PetroSA is considering plans to harness geothermal energy from its mature or depleted gas wells to produce electricity and delay decommissioning. Addressing a conference in Cape Town this week, Central Energy Fund (CEF) CEO Dr Ishmael Poolo reported... 

PetroSA refinery in Mossel Bay
Photo by Creamer Media
PetroSA refinery in Mossel Bay

Refrigeration system to cut energy costs available

By: Halima Frost     17th September 2021 With South African retailers looking for ways of recovering from the latest lockdown, as well as the looting and vandalism, an opportunity to decrease costs on the system that comprises the bulk of their energy spend, which is refrigeration, has arisen. “All food retailers rely on refrigeration... 

A large solar installation on a clients roof installed by EP Refrigeration, which is grid-tied and decreases the clients reliance on grid power
LIGHT WORK Adding a solar installation to a company's refrigeration unit deceases the cost of running the unit off grid power alone

Angola’s modest oil output goal reveals a truth on global supply

By: Bloomberg     10th September 2021 Want proof of how hard it is for some oil-producing countries to lift supply? Look no further than the west African nation of Angola. State Secretary for Petroleum and Gas Jose Barroso said Thursday that the country aims to keep production above 1.1-million barrels a day in the coming years. 

World's largest plant capturing carbon from air starts in Iceland

By: Reuters     8th September 2021 The world's largest plant that sucks carbon dioxide directly from the air and deposits it underground is due to start operating on Wednesday, the company behind the nascent green technology said. Swiss start-up Climeworks, which specialises in capturing carbon dioxide directly from the air, has... 

Sasol, CEF partner on gas development in South Africa

By: Marleny Arnoldi     7th September 2021 Petrochemicals company Sasol and the Central Energy Fund (CEF) have signed a memorandum of understanding (MoU) to collaborate on the development of gas solutions in South Africa. This agreement brings together two of the country’s pioneers in the gas industry that possess deep experience in... 

Mubadala Petroleum, Eni sign MoU to cooperate on energy transition

By: Reuters     7th September 2021 Abu Dhabi's Mubadala Petroleum and Italy's Eni have signed a memorandum of understanding (MoU) to identify opportunities for cooperation in the energy transition sector, including in hydrogen and carbon capture, storage and use, Mubadala Petroleum said on Tuesday. "The scope of the cooperation... 

Extractives sector moves to turn the tide on corruption

By: Creamer Media Reporter      7th September 2021 Governments, business and civil society are uniting in the fight against corruption in the extractives sector, demonstrating support and commitment for beneficial ownership transparency. The Extractive Industries Transparency Initiative (EITI) reports that anonymous ownership of companies can be... 

A photo of an openpit mining operation

Sasol, UCT confirm progress on catalysts that convert hydrogen, CO2 into green jet fuel 

By: Terence Creamer     6th September 2021 Energy and chemicals group Sasol, which aims to become a leader in South Africa’s promising green hydrogen industry, reports that research advancements have been achieved that are supportive of the conversion of hydrogen and carbon dioxide (CO2) into green jet fuel and chemicals. Made in... 

Photo of research under way at Sasol Research & Technology

Company highlights importance of adequate lighting in oil refineries

By: Anna Moross     3rd September 2021 Lighting manufacturer BEKA Schréder emphasises the importance of using correct lighting in oil refineries to ensure productivity and avoid injury.  

An image of the BEKA Schréder LEDNOVA product
LEDNOVA The LEDNOVA is designed for applications where a robust, performing luminaire is needed

Caltex to be rebranded

3rd September 2021 All petroleum brand Caltex-branded service stations in South Africa and Botswana are to be rebranded Astron Energy in one of the most significant and exciting events in the local fuel industry for almost three decades. 

An image of a Caltex retail site
CALTEX RETAIL SITE Petroleum product supplier Astron Energy is South Africa’s second largest petroleum network with over 850 Caltex-branded service stations in South Africa

Investment required in local oil refineries

By: Anna Moross     3rd September 2021 Oil refineries lack the ability to provide sufficient base lubricants and are unable to keep up with the local demand from local lubricant blenders. 

An image of David Coughlan, the Oilflow director
DAVID COUGHLAN Oil refineries refine base oil to make petrol and diesel, and several by-products such as lubricant base oils

Opec+ sees 2021 oil deficit, 2022 surplus as supply revived

By: Bloomberg     31st August 2021 Opec and its allies expect global oil markets will continue to tighten this year even as they revive output, but then flip into surplus again in 2022. The data -- to be presented to the group’s Joint Technical Committee on Tuesday -- ought to reassure the Organization of Petroleum Exporting... 

Greenpeace lauds demise of leaded petrol

By: Marleny Arnoldi     30th August 2021 The United Nations Environment Programme has announced the official end of leaded petrol, as of August 30. Environmental organisation Greenpeace Africa says this global achievement comes after a refinery in Algeria phased out of the toxic additive. The refinery was the last in the world to use... 

Hydrogen a suitable greener alternative

By: Nadine Ramdass     27th August 2021 South Africa’s Gas Act defines “gas” as natural gas (CH4) and hydrogen (H2). Hydrogen will, in the future, be a suitable substitute for natural gas to support decarbonisation, says South African Oil and Gas Alliance (SAOGA) Gas Economy Leadership Group chairperson Craig Morkel. However, the... 

An image of South African Oil and Gas Alliance (SAOGA) Gas Economy Leadership Group's chairperson Craig Morkel
CRAIG MORKEL Imported LNG can start developing gas market

Fully developed legislation needed

By: Nadine Ramdass     27th August 2021 The legislation has not caught up with where the gas industry needs it to be, says gas producer Renergen CEO and MD Stefano Marani. Technical aspects that are critical to companies’ decision-making have not yet been addressed, with industries in the gas sector consequently unable to develop to... 

An image of gas extraction at Renergen's Virginia Gas project
GAS EXTRACTION Renergen is the only onshore petroleum rights holder in South Africa

Rare helium supply opportunity unlocked

By: Nadine Ramdass     27th August 2021 While the South African helium market is small, helium is sought after in the international market, which has created a good opportunity for dual-listed helium, liquid natural gas (LNG) and compressed natural gas producer Renergen’s Virginia gas project, in the Free State. Helium is found at a... 

An image of extraction at Renergen's Virginia Gas Project
VIRGINIA GAS PROJECT Average helium found in the Free State is 3.4%

Mining sector's contribution to Egypt's GDP to rise to 5% by 2025

By: Simone Liedtke     26th August 2021 The recent implementation of landmark legislation and regulatory reforms in Egypt is expected to result in the country attracting greater investment in infrastructure and human capital development. That, in turn, will pave the way for the country to tap into its significant deposits of metals and... 

Development, governance key to resolving Mozambique insurgency

By: Schalk Burger     20th August 2021 The insurgency in the northern Mozambican province of Cabo Delgado is rooted in poverty, unemployment, underdevelopment, poor government and governance, and porous borders contributing to human trafficking, drug smuggling and poaching. While a regional multinational force has been deployed, the... 

Sasol’s new 2030 and 2050 decarbonisation targets to be ‘substantially higher’ 

By: Terence Creamer     16th August 2021 South Africa’s carbon-heavy fuels and chemicals group Sasol is poised to announce a “substantially higher” target for the reduction of its greenhouse-gas emissions following an intensive period of financial and organisational restructuring during its 2021 financial year. The JSE-listed group took... 

Photo of Sasol CEO Fleetwood Grobler
Photo by Creamer Media's Donna Slater
Sasol CEO Fleetwood Grobler

Shell to pay $110m to end 30-year Nigeria oil spill case

By: Bloomberg     12th August 2021 Royal Dutch Shell’s Nigerian unit agreed to pay a community in the West African country more than $110-million to resolve a long-running dispute over an oil spill that occurred more than 50 years ago. The Anglo-Dutch energy giant will pay the Ejama-Ebubu people 45.7-billion naira ($110.9-million)... 

Sasol expects full-year earnings to more than double

By: Donna Slater     6th August 2021 Chemicals and energy company Sasol reports that its earnings a share for the financial year ended June 30, are expected to be between R12 and R18, compared with the loss a share of R148.49 reported for the 2020 financial year. Sasol’s headline earnings per share (HEPS) are also expected to be... 

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