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Oil & Gas News

Total to take steps to mitigate environmental impact of Uganda, Tanzania projects

By: Reuters 8th March 2021 French energy giant Total on Monday detailed steps it would take to mitigate the environmental and human impact from its Tilenga project in Uganda and a multibillion-dollar pipeline carrying oil from the country to Tanzania. Total and its partner China National Offshore Oil Corporation plan to... →

Report finds majority of extractive commodity traders lack ESG disclosure

By: Marleny Arnoldi 8th March 2021 Swiss research organisation RMF finds in a new report that companies involved in oil, gas, metals or minerals trading score on average only 23% on environmental, social and governance (ESG) due diligence. The report, titled 'ESG Due Diligence and Transparency Report on Extractive Commodity... →

Southern Africa has ‘huge potential’ to benefit from the shift to green hydrogen

By: Simone Liedtke 4th March 2021 While there is growing momentum across the world in investing in hydrogen and the related import and export value chains, management consulting company Kearney MD Romain Debarre warns that there is still a lack of supply and demand for the hydrogen economy. While there is a market for hydrogen... →

South Africa has ‘all the right ingredients’ to transition to a gas economy – panel

By: Simone Liedtke 4th March 2021 As gas opportunities rise owing to recent discoveries and Africa’s ongoing energy deficit, management consulting company Kearney metals and mining global lead Igor Hulak says gas provides a “viable opportunity” to decrease dependency on coal. “Natural gas will remain a critical element of the... →

Africa’s industrialisation will require gas as additional energy source

By: Simone Liedtke 3rd March 2021 Africa will require more energy sources than renewables to ensure the continent’s growth and its industrialisation, International Gas Union secretary general elect Andy Calitz told delegates attending the virtual Africa Gas Forum, on March 2. He said natural gas was already considered to be one... →

Transnet asks Nersa to relook historic neutrality agreement on fuel transport

By: Marleny Arnoldi 3rd March 2021 State-owned Transnet has lodged a formal complaint with the National Energy Regulator of South Africa (Nersa) related to a historical agreement between Transnet and petrochemical companies Sasol and Total, involving a pricing mechanism in the transportation of crude oil. The freight utility... →

South Africa urged to play to strengths as its plots role in lithium-ion battery value chain

By: Terence Creamer 3rd March 2021 A newly released study of the potential for developing a lithium-ion battery value chain in South Africa concludes that the country should prioritise minerals beneficiation and mining, as well as battery manufacturing as it seeks to carve out a niche for itself in what is a fast-growing, highly... →

Policymaking will determine future of oil in Africa

By: Tasneem Bulbulia 3rd March 2021 Oil still has a role to play in the energy market going forward and is forecast to dominate energy supply up to 2040; however, policy decisions will be critical in how Africa and its oil industries move forward to meet net zero targets, speakers said at the virtual Africa Energy Indaba on March... →

Organisations call on Standard Bank, others not to finance East African oil pipeline

By: Schalk Burger 1st March 2021 In an open letter to financial services provider Standard Bank and 24 other banks, 263 community and nonprofit organisations from 49 countries have called on the banks not to fund the construction of the world’s longest heated crude oil pipeline, namely the East African Crude Oil Pipeline (Eacop)... →

Petredec expands South African operations through acquisition

By: Simone Liedtke 1st March 2021 Liquefied petroleum gas (LPG) trading and shipping company Petredec has completed the acquisition of Eastern Cape fuels distributor Quest Petroleum, which will now become part of the Petrefuel Business Division in South Africa. Quest will become part of the Petrefuel group of companies, along... →

Nersa approves Transnet petroleum tariff

By: Simone Liedtke 1st March 2021 The National Energy Regulator of South Africa (Nersa) has set the Petroleum Pipelines System tariff, which will allow State-owned rail entity Transnet to realise an 11.15% decrease in allowable revenue (AR) compared with the 2020/21 tariff period. However, owing to a forecasted reduction in the... →

Bidvest delivers strong interim performance

By: Tasneem Bulbulia 1st March 2021 JSE-listed Bidvest delivered a strong operating and financial performance for the six months ended December 31, 2020, with revenue up 3.4% year-on-year to R44.4-billion. Trading profit increased by 3.5% year-on-year to R4.1-billion, off a pre-pandemic base, which was enhanced by the consolidation... →

Gas Amendment Bill heads to Parliament for processing

By: Creamer Media Reporter 26th February 2021 Cabinet approved the submission of the Gas Amendment Bill of 2020 to Parliament at its virtual meeting on February 24. A post-Cabinet statement released on Friday said the proposed Bill sought to align the gas industry to, amongst others, new transportation technologies of natural and... →

Sasol upscales renewables roll-out ambition to 900 MW, starts plotting big green-hydrogen role

By: Terence Creamer 22nd February 2021 JSE-listed Sasol announced on Monday that it would pursue a 900 MW renewable-energy roll-out at its Secunda and Sasolburg complexes by 2030, raising its initial deployment target of 600 MW by 50%. President and CEO Fleetwood Grobler said that the upscaled plan would be pursued in partnership with... →

The Secunda complex, in Mpumalanga

Sasol abandons rights issue as it secures $3.3bn from asset disposals

By: Terence Creamer 22nd February 2021 Chemicals and energy group Sasol confirmed on Monday that it would no longer pursue a rights issue in light of progress made, through assets sales and cost savings, to shore up its debt-laden balance sheet. In a recorded results presentation, president and CEO Fleetwood Grobler said that the... →

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

Unpacking opportunities in Africa’s gas sector

19th February 2021 Africa’s oil and gas potential will grow significantly over the next two decades, driven by population growth, urbanisation and the emergence of a wealthier middle class in Africa, according to the Africa Energy Indaba, which will take place virtually from March 1 to 5. →

OPPORTUNITIES GALORE There is no doubt that Africa remains open for exploration by oil and gas companies

AfDB, Mozambique LNG project wins award

By: Tasneem Bulbulia 12th February 2021 The Mozambique Liquefied Natural Gas (LNG) Area 1 Project and financial organisation the African Development Bank (AfDB) have jointly received the Global Multilateral Deal of the Year 2020 award, from print and online publication Project Finance International (PFI). The project, the single... →

Pumps design to handle flow, pressure of liquids

5th February 2021 Engineering solutions provider BMG’s SEIM spindle screw pumps efficiently handle a range of liquids – such as oils – at different flows and various pressures. BMG is the exclusive distributor of manufacturer SEIM screw pumps throughout Africa. →

ALL CLEAR The design of these low-maintenance units prevents the possibility of pollutants being released into the medium

Lubricants offered for high temperatures

5th February 2021 Lubrication products used in certain applications are subjected to much harsher conditions or higher temperatures than others. This is why lubrication specialist Lubrication Engineers (LE) believes in continuously improving its products and creating solutions for particular applications. →

Solutions provided for hazardous oil spills

By: Khutso Maphatsoe 5th February 2021 Spill response company Spill Tech offers customers an efficient way to manage hazardous spills and discharges. This includes an oil spill kit to deal with oil spills at fixed facilities, enabling a fast response to deal with small to medium spills. The kits are designed for quick use to clean up... →

De Ruyter backs call for lifting of licensing cap on distributed generators to 50 MW

By: Terence Creamer 2nd February 2021 Eskom CEO Andre de Ruyter says the State-owned utility is fully supportive of moves by large customers to develop distributed generation plants to power their operations, as well as growing calls to lift the licensing threshold from 1 MW to 50 MW so as to accelerate these investments. South... →

Photo by Creamer Media's Donna Slater
Eskom CEO Andre de Ruyter

Shell is back in court for Nigeria oil spills liability ruling

By: Bloomberg 29th January 2021 Royal Dutch Shell faces the latest ruling in a long-running legal dispute with Nigerian farmers who say the energy giant is responsible for oil leaks that have polluted their villages. The case is the first in which a company and its foreign subsidiary have been tried in the Netherlands for... →

Sasol to report higher interim EPS, HEPS but lower Ebitda

By: Marleny Arnoldi 29th January 2021 Petrochemicals giant Sasol expects to deliver a strong set of results for the six months ended December 31, 2020, despite the effects of the Covid-19 pandemic, a severe decline in crude oil prices and softer chemical product sales. Additionally, the company’s Lake Charles production, in the US,... →

Two contracts keep marine transformation afloat

29th January 2021 Specialist marine solutions provider African Marine Solutions (Amsol) has been awarded two contracts which will act not only as a catalyst for continued transformation but will also ensure continuity in supply chain. The first contract awarded to Amsol is a multiyear contract with multinational... →

FUELING TRANSFORMATION The contract awarded to Amsol by Shell Downstream South Africa will extend the company’s services in fuel logistics and transportation

Renergen appoints contractors for Virginia gas project's Phase 2 studies

By: Simone Liedtke 27th January 2021 Emerging helium and natural gas company Renergen has appointed three companies for the engineering studies for Phase 2 of its Virginia gas project, in South Africa’s Free State province. The three companies are Saipem South Africa, EPCM Holdings and Sproule. →

Transitioning fossil-fuel labour forces into new sectors critical for ‘clean, just energy transitions’

By: Terence Creamer 26th January 2021 The chair of a new global commission established to offer governments guidance on making their energy transitions more “people-centred” says that the creation of green jobs and the transitioning of existing fossil-fuel labour forces into new sectors will be “key factors for a clean, just energy... →

Danish Energy and Climate Minister Dan Jørgensen, who chairs the International Energy Agency’s new global commission on people-centred clean energy transitions, on the need to integrate social justice with the energy transition. Camera Work: Kutlwano Matala. Editing: Nicholas Boyd.

After pandemic, oil firms even less willing to cover $3.9bn cost of South Africa's clean fuel plan

By: Reuters 22nd January 2021 After being hit by the pandemic, oil companies in South Africa are unlikely to upgrade refineries to cut sulphur emissions unless the government allows them to pass the costs on to consumers or offers other support, the South African Petroleum Industry Association (Sapia) says. New rules... →

UN seeks $254m to respond to escalating humanitarian crisis in gas-rich Cabo Delgado

By: Terence Creamer 20th January 2021 The United Nations is warning that the humanitarian crisis in the gas-rich Cabo Delgado province, of northern Mozambique, has escalated dramatically over the past 12 months with more than 500 000 people having been displaced as a result a religiously inspired conflict. The UN launched an appeal... →

Renergen hoping to highlight importance of diesel dual fuel with new truck

By: Simone Liedtke 19th January 2021 Emerging natural gas and helium producer Renergen has replaced its old transport truck with a new one, equipped with the diesel dual fuel (DDF) kit and tank from the former truck, in a bid to prove the equipment will “outlast the truck”. While the truck itself is not linked to the company’s... →

IEA calls on oil, gas sector to further cut methane emissions

By: Tasneem Bulbulia 18th January 2021 Methane emissions from the global oil and gas industry fell by an estimated 10% in 2020 as producers slashed output in response to the historic shock of the Covid-19 crisis, intergovernmental organisation the International Energy Agency (IEA) says, warning that these emissions could rebound... →

Staying local pivotal for Mozambique LNG project

By: Mc'Kyla Nortje 15th January 2021 Local content and employment are integral to one of the largest liquefied natural gas (LNG) projects under way on the continent, says petroleum refining company Total Mozambique country chair Ronan Bescond. The Area 1 Mozambique project is one of three LNG projects that are under way along the... →

RONAN BESCOND Foreign companies that want to work on the project must value local partnership

Various challenges hindering gas market development

15th January 2021 In a report by advisory firm Wood Mackenzie titled ‘Sub-Saharan Africa’s (SSAs) Gas Opportunity: Are Governments Doing Enough’, fiscal and valuations principal analyst Greg Roddick notes that given the lack of reliable and affordable energy in SSA, gas should be playing a vital role. However, he... →

GREG RODDICK There may be little need to incentivise discoveries with domestic markets potentially well supplied in the future

Big oil producers face 19% fall in production

15th January 2021 Assurance, advisory and tax services firm PwC’s Africa Oil and Gas Review 2020, released in November, estimated a 19% fall in oil production for the top five African producers: Nigeria, Algeria, Angola, Libya and Egypt. The report, titled ‘Energising a New Tomorrow’, focused on 20 African... →

ENERGY TRANSITION The report noted that the pandemic had not only caused the biggest global oil demand slump in history, it had accelerated the global energy transition by as much as five years

Chamber motivates for local participation

By: Mc'Kyla Nortje 15th January 2021 With the current liquefied natural gas (LNG) projects under way in Mozambique, Mozambique Oil and Gas Chamber executive chairman Florival Mucave notes that government needs to ensure that there are rules and regulations in place to encourage local participation. Mozambique has a unique... →

FLORIVAL MUCAVE The chamber will foster relations between members and their counterparts as well as develop a platform of companies providing goods and services

Local supplier helps power Mozambique gas project

By: Marleny Arnoldi 15th January 2021 Electrical equipment supplier Trafo Power Solutions, together with its partner, Italy-based transformer manufacturer TMC, has been selected to supply a liquefied natural gas (LNG) project off the coast of Cabo Delgado province, in Mozambique. →

POWER TO PROJECTS Trafo Power Solutions will supply Area 1 of the Mozambique liquid natural gas project with 25 specialised dry-type transformers for use in a processing plant

Mozambique pushes for Total to restart $20bn project

By: Bloomberg 14th January 2021 Mozambique wants Total to quickly restart work on its $20-billion liquefied natural gas project, despite concerns that insecurity could lead to a prolonged delay, the nation’s energy minister said. A three-year-old Islamist insurgency in the southeastern African nation’s Cabo Delgado province has... →

The UAE warns US shale companies against pumping more oil

By: Bloomberg 13th January 2021 Any attempt by US shale and other oil producers to boost output this year will backfire and lead to lower prices, according to the energy minister of the United Arab Emirates. Oil prices have surged in the past two months with the development of coronavirus vaccines. They jumped again last week... →

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