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Oil & Gas

Crude oil
Oil hits 3-month low as US, Iran reach peace deal to reopen Strait of Hormuz
15th June 2026 By: Reuters

Oil prices slipped to a three-month low on Monday after US President Donald Trump and Iran's deputy foreign minister said they had reached an initial deal to end the war and to resume traffic... 


Oil rig
Shares and bonds surge, oil slides on Iran deal
15th June 2026 By: Reuters

Share markets and bonds rallied hard on Monday and oil prices tumbled 5% as a framework peace deal between the US and Iran promised to ease inflationary pressures globally and lessen the need for... 


An oil rig
Goldman lowers 2027 Brent oil forecast on supply growth, demand risks
12th June 2026 By: Reuters

Goldman Sachs on Thursday lowered its 2027 average Brent oil price forecast to $80/bbl, citing stronger supply growth and persistent demand weakness, even as it warned prices could swing sharply... 


Mineral and Petroleum Resources Minister Gwede Mantashe
Mantashe calls for stronger refining capacity amid global energy instability
10th June 2026 By: Lumkile Nkomfe

Mineral and Petroleum Resources Minister Gwede Mantashe has reiterated government’s commitment to strengthening South Africa’s energy security through increased refining capacity, strategic fuel... 


Standard Bank Mozambique CEO Bernardo Aparício
Standard Bank outlines macroeconomic spinoffs from $30bn Rovuma LNG project
8th June 2026 By: Terence Creamer

Standard Bank has published a bullish macroeconomic assessment of the giant Rovuma liquefied natural gas (LNG) project in northern Mozambique, which has been described as the largest commercial... 


3D printed oil barrels and a percentage symbol
Oil prices climb more than $4 after Israeli strikes on Iran, Lebanon
8th June 2026 By: Reuters

Oil prices jumped more than $4 on Monday, with investors spooked by fresh Israeli strikes on Iran as well as renewed attacks on Lebanon a day earlier. Brent crude futures rose $4.42 or 4.47% to... 


US Secretary of State Marco Rubio
Hostilities flare in Iran war, oil jumps with talks at a stalemate
3rd June 2026 By: Reuters

Gulf hostilities flared again on Wednesday, with an Iranian missile attack damaging Kuwait's airport and the US military carrying out strikes near the Strait of Hormuz, as diplomacy between... 


Invictus Energy signs Zimbabwe gas deal for its Cabora Bassa gas project
27th May 2026 By: Reuters

Australia's Invictus Energy signed a petroleum production sharing agreement (PPSA) with Zimbabwe on Wednesday, a key step as it looks to advance its Cabora Bassa gas project, company executives... 


Inflation impact likely in emerging markets owing to US-Iran war – BMI
26th May 2026 By: Schalk Burger

Financial market research company BMI expects oil prices to average $90/bbl this year, and to remain higher for longer, which will, in turn, feed into rising inflation. This will lead to pressure... 


Roadmap calls for gas supply, liquefied natural gas terminals, pipelines, storage and gas-to-power infrastructure to be designated as strategic national economic infrastructure.
Industrial gas users outline policy actions needed to avert gas cliff
18th May 2026 By: Terence Creamer

The Industrial Gas Users Association-Southern Africa (IGUA-SA) has outlined the policy requirements it believes are now required to mitigate what would otherwise be a steep decline in gas supply to... 


IEA executive director Fatih Birol
IEA chief warns commercial oil inventories are depleting rapidly, only weeks left
18th May 2026 By: Reuters

Fatih Birol, head of the International Energy Agency, said on Monday that commercial oil inventories were depleting rapidly with only a few weeks' worth left due to the Iran war and the closure of... 


A pumpjack in Texas, in the US
Oil touches two-week high after drone attack on UAE nuclear power plant
18th May 2026 By: Reuters

Oil prices extended gains on Monday as efforts to end the Iran war appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as US President Donald... 


Eskom to start disciplinary proceedings as forensic firm confirms diesel procurement noncompliance
15th May 2026 By: Schalk Burger

State-owned power utility Eskom says an interim report by an independent forensic firm has identified instances of non-adherence to Eskom processes in the procurement of the services and the... 


A pumpjack
Global oil supply to plunge below demand this year on Iran war, IEA says
13th May 2026 By: Reuters

Global oil supply will not meet total demand this year as the Iran war wreaks havoc on Middle East oil production, the International Energy Agency (IEA) said in its monthly oil market report on... 


Electricity and Energy Minister Dr Kgosientsho Ramokgopa
Ramokgopa promises ‘sequenced’ roadmap for wholesale electricity market roll-out
12th May 2026 By: Terence Creamer

Electricity and Energy Minister Dr Kgosientsho Ramokgopa reports that his department will publish a “sequenced” implementation roadmap for the South African Wholesale Electricity Market (SAWEM) so... 


Geopolitics, energy prices, climate risks reshaping agriculture outlook – Coface
12th May 2026 By: Schalk Burger

A convergence of geopolitical tensions, higher energy prices and climate risks is reshaping the outlook for agricultural producers, exporters and agribusinesses, thereby creating conditions that... 


French President Emmanuel Macron
Deals and new partnerships on the menu at Africa-France summit
11th May 2026 By: Reuters

French President Emmanuel Macron and more than 30 African leaders kicked off a summit in Kenya on Monday aimed at diversifying Paris' partnerships on the continent and clinching new investment... 


Energy transition, policy in the spotlight
Energy transition, policy in the spotlight
8th May 2026 By: Creamer Media Reporter

Amid rising fuel prices and dropping temperatures in South Africa, Engineering News editor Terence Creamer joins me to discuss what issues these developments raise for the energy transition and... 


An oil tanker at sea
Oil prices jump on renewed US-Iran hostilities
8th May 2026 By: Reuters

Oil prices rose about 1% on Friday after renewed fighting broke out between the US and Iran, threatening a shaky ceasefire and dashing hopes for progress on a reopening of the Strait of Hormuz, a... 


Port of Cape Town’s existing liquid bulk terminal
TNPA seeks private operator for Port of Cape Town’s liquid bulk terminal
7th May 2026 By: Terence Creamer

South Africa’s State-owned ports authority has initiated a bidding process for the appointment of a new private terminal operator at the Port of Cape Town’s existing liquid bulk terminal for a... 


Opinion: Equitable Fossil Fuel Transitions matter for inclusive development
Opinion: Equitable Fossil Fuel Transitions matter for inclusive development
6th May 2026

In this opinion article written jointly by Harald Winkler and Andrew Marquard, the case is made for Equitable Fossil Fuel Transitions, whereby equity and justice are structurally integrated into... 


Oil refinery infrastructure
Goldman says global oil stocks approaching eight-year low, depletion speed a concern
5th May 2026 By: Reuters

Global oil stocks are approaching their lowest level in eight years, Goldman Sachs said on Monday, warning that the speed of depletion was becoming a concern as supplies through the Strait of... 


Utilities, fuel prices impact more on households than food inflation – BFAP
30th April 2026 By: Schalk Burger

State-owned Eskom’s 8.76% hike in electricity tariffs for the 2026/27 financial year, combined with higher fuel prices, are compromising the food security of South African households by eroding... 


AgriSA, Agbiz welcome fuel relief extension, but warn that risks remain
30th April 2026 By: Schalk Burger

Agricultural organisations AgriSA and the Agricultural Business Chamber of South Africa (Agbiz) have welcomed the extension of the temporary fuel levy relief measures through May and June, saying... 


An oil rig in Egypt
Brent oil rises 7% on report US considering military options to break Iran deadlock
30th April 2026 By: Reuters

Brent oil prices rose as much as 7% on Thursday on a report the US is considering potential military action against Iran to break the deadlock in negotiations to end the war, increasing concerns of... 


Sugarcane fields
Fuel levy relief welcomed, but price shock still to impact farmers – SA Canegrowers
29th April 2026 By: Schalk Burger

Industry organisation the South African Canegrowers Association (SA Canegrowers) has welcomed the extension of the reduced fuel levy for another two months. National Treasury and the Department of... 


World Bank warns largest energy price surge in four years will drive inflation
28th April 2026 By: Schalk Burger

Energy prices are projected to surge by 24% this year to their highest level since Russia’s invasion of Ukraine in 2022, as the war in the Middle East sends a severe shock through global commodity... 


The Natref refinery in Sasolburg
Sasol optimistic of market demand for Natref’s premium SAF and renewable diesel
28th April 2026 By: Terence Creamer

Energy and chemicals group Sasol, which recently secured product-sustainability certification for jet fuel and diesel produced from used cooking oil and vegetable oils at its Natref refinery, says... 


AASA urges Southern African airline industry to be transparent about jet fuel supply plans
24th April 2026 By: Schalk Burger

Industry organisation the Airlines Association of Southern Africa (AASA) calls on fuel suppliers, depots, airports and governments in the region to urgently share their contingency fuel allocation... 


LNG tanks
Gas, fuel-focused funding to support economies amid Gulf crisis
24th April 2026

In an effort to support African and Caribbean economies affected by the ongoing Middle East conflict, multilateral trade finance institution African Export-Import Bank (Afreximbank) reports that it... 


STRENGTHENED COOPERATION 
Senegal and Nigeria have committed to strengthening cooperation in areas such as refining, policy development, gas monetisation and national oil company collaboration
Senegal, Nigeria deepen cooperation to strengthen energy ties
24th April 2026

Gas monetisation and broader gas cooperation will become central to strengthening energy ties between Senegal and Nigeria, following a high-level working visit aimed at deepening collaboration... 


a green gas engine
Gas supply constraints stall power transition
24th April 2026 By: Devina Haripersad

Securing reliable, long-term gas supply is the main constraint to expanding gas-to-power and industrial energy solutions in South Africa, says electrical power solutions provider Clarke Energy... 


An oil tanker at sea
Hormuz crisis throws spotlight on world's largest 'chokepoint' – the Malacca Strait
23rd April 2026 By: Reuters

The closure of the Strait of Hormuz has forced policymakers in Asia to face questions over the security of other maritime chokepoints, including the Strait of Malacca, which is the world's busiest... 


Global energy demand up 1.3% in 2025, electricity demand up by 3% – IEA
20th April 2026 By: Schalk Burger

Global energy demand growth slowed to 1.3% in 2025, which is slightly below the preceding decade’s average of 1.4% and significantly lower than in 2024, while global electricity demand increased by... 


LPG cylinders
LPG is Africa’s fastest option for clean energy access – Sahara Group
20th April 2026 By: Rebecca Campbell

Nigerian energy multinational Sahara Group believes that liquefied petroleum gas (LPG) is Africa’s most immediately available and scalable option for secure and reliable energy that is also clean.... 


Fuel Industry Association of South Africa CEO Avhapfani Tshifularo
Industry body confirms shift in sources of South African fuel imports
20th April 2026 By: Terence Creamer

The Fuel Industry Association of South Africa (FIASA) has confirmed that fuel imports for the period from April to June will increasingly be sourced from regions outside of the Gulf and that there... 


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Werner South Africa Pumps & Equipment (PTY) LTD
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For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

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Axiom Hydraulics
Axiom Hydraulics

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Virtual Gas Network (Pty) Ltd
Virtual Gas Network (Pty) Ltd

Virtual Gas Network supplies compressed natural gas via a virtual gas distribution network.

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Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

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ECG Engineering
ECG Engineering

ECG provides specialised electrical engineering services to the Mining, Utilities, Materials Handling and Industrial industries, with extensive and...

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