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Oil & Gas News

UFS, CBSS partner to design groundwater monitoring network for Central Karoo 

By: Tasneem Bulbulia     5th November 2020 Independent specialists and researchers from the Institute for Groundwater Studies (IGS) at the University of the Free State (UFS), in partnership with specialists from Carin Bosman Sustainable Solutions (CBSS), have been appointed by the Petroleum Agency of South Africa (PASA) to design a... 

Germany examines ammonia to deliver green fuel for industry

By: Bloomberg     5th November 2020 Germany is looking at using ammonia and methanol as ways to deliver hydrogen as a clean-burning fuel for industry, part of its effort to make Europe’s biggest economy climate-neutral by 2050. The government is financing a feasibility study to evaluate ways of transporting hydrogen and is focusing... 

Germany examines ammonia to deliver green fuel for industry

French firms set to make R14bn in fresh investment pledges to South Africa  

By: Terence Creamer     4th November 2020 French Foreign Trade and Economic Attractiveness Minister Franck Riester, who is leading a business delegation to South Africa this week, reports that French firms will follow-up their R20-billion in investment commitments made to South Africa in 2019 with new promises worth a further... 

French firms set to make R14bn in fresh investment pledges to South Africa

Motorists can expect fuel price decrease for November

By: Simone Liedtke     2nd November 2020 South African motorists can breathe a little easier in November as petrol and diesel prices are both set to decrease on November 3, by 27c/ℓ and 12c/ℓ, respectively. Illuminating paraffin will, however, increase by 15c/ℓ. 

Venkat, Magara to join Weir Group board in 2021

By: Simone Liedtke     2nd November 2020 Srinivasan Venkatakrishnan and Ben Magara will join the board of global engineering group Weir as nonexecutive directors from January 19, 2021. Both Venkatakrishnan, who is popularly known as Venkat, and Magara have extensive experience leading global mining businesses, Weir said in a statement... 

Venkat, Magara to join Weir Group board in 2021
Photo by Creamer Media
Srinivasan Venkatakrishnan

Sasol to test market for Southern African carbon-offset prospects 

By: Terence Creamer     29th October 2020 Chemicals and energy group Sasol has indicated that it intends issuing a request for information (RFI) for the development and implementation of carbon-offset projects in South Africa and the Southern African Development Community (SADC) and has called on potential participants to register their... 

Sasol to test market for Southern African carbon-offset prospects

Total finds gas at Luiperd prospect

By: Marleny Arnoldi     28th October 2020 Petroleum company Total has announced that it has made a significant gas condensate discovery on the Luiperd prospect, located on Block 11B/12B in the Outeniqua Basin, about 175 km off the southern coast of South Africa. The discovery follows the adjacent Brulpadda discovery made in 2019, which... 

IDC aims to ‘catalyse’ recovery plan, but won’t go it alone as impairments bite 

By: Terence Creamer     26th October 2020 The Industrial Development Corporation (IDC) – which reported a R3.8-billion loss for the 2019/20 financial year, driven by a surge in impairments from R4.8-billion to R9.6-billion – has revised its investment strategy with the aim of “catalysing” government’s Reconstruction and Recovery Plan... 

IDC aims to ‘catalyse’ recovery plan, but won’t go it alone as impairments bite
Photo by Creamer Media's Donna Slater
IDC CEO TP Nchocho

Oil demand may see lasting impact from pandemic, World Bank says

By: Bloomberg     23rd October 2020 Oil demand could see “lasting impacts” from the coronavirus while modest gains are projected in metals and agriculture prices as commodity markets recover from the shock of the pandemic, according to the World Bank. The World Bank boosted its projections from April for the average oil price in... 

Renergen drilling programme back on track

By: Simone Liedtke     21st October 2020 Emerging domestic natural gas and helium producer Renergen’s re-drill of the inclined drilling programme (referred to as P2V2) at its flagship Virginia gas project, in the Free State, is expected to be at, or be close to, target by the end of the first week of November. In a statement on October... 

Report discusses challenges, options as world continues to drive decarbonisation agenda 

By: Simone Liedtke     16th October 2020 While the global shift from fossil fuels to renewables is helping new ecosystems and technologies to emerge, many of the pursued steps towards decarbonisation pose unique challenges. Many participants in the energy and resources industries have declared an intention to become carbon neutral by... 

Report discusses challenges, options as world continues to drive decarbonisation agenda
Deloitte's Andrew Lane discusses the company's new global report and value beyond compliance with Creamer Media journalist Simone Liedtke. Video: Recorded on Zoom. Editing: Creamer Media's Nicholas Boyd.

Recognition of LPG benefits in energy mix growing

16th October 2020 For many years, the benefits of liquefied petroleum gas (LPG) for South Africa “have been largely, frustratingly, moot”, according to a statement from industry association LPG South Africa (LPGSA). The doubt surrounding LPG’s benefits stems from an historically inconsistent and unreliable supply... 

Recognition of LPG benefits in energy mix growing
BIG BOY Bidvest Tank Terminal’s large-scale mounded LPG storage facility in Richards Bay was scheduled for completion this year

Natural gas to play important role in the energy future

By: Darren Parker     16th October 2020 Energy solutions company GE expects gas power to play an increasingly important role in the medium- to long-term future of the country’s energy mix as government continues to pursue decarbonisation through balancing the demands between a coal-fired past and a renewables future. GE Gas Power... 

Natural gas to play important role in the energy future
GAS FOR GROWTH The industrialisation ambitions of African nations depend on cleaner energy sources such as renewables and gas

Gap analysis needed to guide gas-to-power industry growth

By: Darren Parker     16th October 2020 With the potential of gas as an alternative energy source in South Africa an encouraging prospect, South African Oil and Gas Alliance (Saoga) CEO Adrian Strydom says the gas-to-power industry needs to conduct an accurate gap analysis, and engage in upskilling and capacity building to ensure that... 

Gap analysis needed to guide  gas-to-power industry growth
Photo by Adobe
FLOATING GAS South Africa will need to import liquid natural gas for the short-term future, which will serve to stimulate the market

Gas-powered solutions offer lower upfront cost

By: Darren Parker     16th October 2020 In a capital-constrained Covid-19-affected market, gas-fired generators offer the advantage of a relatively low upfront capital cost, compared with coal- or diesel-fired alternatives, says energy solutions company GE Gas Power Sub-Saharan Africa  executive Nosizwe Dlengezele. She adds that it is... 

Gas-powered solutions offer lower upfront cost
NOSIZWE DLENGEZELE Gas plays an important role in bridging the energy gap to help create a lower-carbon energy future

Eni seeks World Bank arbitration in Nigeria oilfield dispute

By: Reuters     13th October 2020 Eni has filed a request for arbitration against Nigeria at the World Bank's dispute settlement body and plans to argue that the country's failure to allow it to exploit an oilfield it acquired with Royal Dutch Shell nearly a decade ago breaches their investment agreement, court documents show.... 

Mozambique outlines fund plan for $96bn gas windfall

By: Bloomberg     13th October 2020 Mozambique published its proposed model for a sovereign wealth fund as it prepares to reap as much as $96-billion – more than six times the size of its current gross domestic product – from liquefied natural gas projects that companies including Total are building. The developments, which are... 

KZN govt reaches out to Engen amid its oil refinery considerations

By: Marleny Arnoldi     9th October 2020 KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC Nomusa Dube-Ncube has tasked the Trade & Investment Council KwaZulu-Natal (TIKZN) to look into the matter of the Engen Oil Refinery potentially closing its doors in a few years’ time. Engen confirms in a statement that it... 

Renergen, Logico Logistics ink LNG supply agreement

By: Simone Liedtke     6th October 2020 Emerging domestic natural gas and helium producer Renergen has signed an agreement with trucking company Logico Logistics to supply liquefied natural gas (LNG) at Total filling stations along the N3 between Johannesburg and Durban. Logico specialises in the retail industry and fast-moving... 

Renergen, Logico Logistics ink LNG supply agreement

Sasol sells 50% of Lake Charles base chemicals unit to LyondellBasell for $2bn 

By: Terence Creamer     2nd October 2020 Debt-laden chemicals and energy group Sasol has announced a $2-billion joint venture (JV) agreement with LyondellBasell for its base chemicals business in Lake Charles, Louisiana, in the US. Under the agreement, LyondellBasell will acquire 50% of Sasol’s 1.5-million-ton ethane cracker, as well as... 

Sasol sells 50% of Lake Charles base chemicals unit to LyondellBasell for $2bn
Lake Charles Chemicals Complex

Emissions roadmap launched

2nd October 2020 Chemicals and energy group Sasol has announced the launch of its 2030 emissions roadmap for its South African operations. “This roadmap details our path to at least 10% reduction in greenhouse gas (GHG) emissions by 2030, off a 2017 baseline and was developed taking a long-term view. It places us... 

Emissions roadmap launched
Photo by Adobe Stock
BRIGHTER FUTURE The need for South Africa to move towards a lower-carbon economy, and to pursue an energy mix that supports this imperative, is of utmost importance

Financial response plan implemented

2nd October 2020 In the face of the oil price collapse and unprecedented challenges, chemicals and energy group Sasol took immediate steps to implement a comprehensive response plan to stabilise the business in the short term and raise cash of at least $6-billion by the end of financial year 2021 to repay debt,... 

Financial response plan implemented
QUICK RESPONDERS Sasol took immediate steps to implement a comprehensive response plan to stabilise the business in the short term

NDT viable in volatile environments

By: Theresa Bhowan     2nd October 2020 Rope access specialist Skyriders provides non-destructive testing (NDT) for a large petrochemicals producer in South Africa. “NDT comprises a number of techniques that enable us to evaluate and test the integrity of a structure, component or system without having to physically damage or take... 

NDT viable in volatile environments
HIGH ROLLER NDT comprises a number of techniques that enables Skyriders to evaluate and test the integrity of a structure, component or system

ARA conference to be held virtually next month

By: Simone Liedtke     28th September 2020 Newly appointed executive secretary of the African Refiners and Distributors Association (ARA) Anibor Kragha has called for urgent financing to upgrade oil refineries and associated infrastructure to avoid premature deaths caused by air pollution in developing economies. Speaking ahead of the... 

Transition to green energy needs to happen as soon as possible, says think tank

By: Donna Slater     25th September 2020 The transition from burning fossil fuels and the large-scale emitting of carbon dioxide and other harmful gases to renewable energies needs to happen as quickly as the industry can manage, independent financial think tank Carbon Tracker Initiative founder and executive chairperson Mark Campanale... 

Council for Geoscience starts deep drilling in Karoo basin  

By: Marleny Arnoldi     22nd September 2020 The Council for Geoscience (CGS) on September 21 launched Phase 2 of the Karoo Deep Drilling and Geo-environmental Base Programme (KDD), in Beaufort West. The council, as mandated by the Department of Minerals and Energy, in 2016 initiated the research programme to investigate the resource... 

Council for Geoscience starts deep drilling in Karoo basin

Glencore admits deal to buy South African strategic crude oil reserves was invalid

By: Marleny Arnoldi     17th September 2020 The Strategic Fuel Fund (SFF) has reached an in-principle agreement with diversified miner Glencore to reverse the 2015 sale of South Africa's strategic crude oil reserves. Glencore has agreed that the sale of the three-million barrels of oil was invalid, after first challenging the matter with... 

Study points to increased cybersecurity risks for oil and gas companies

By: Schalk Burger     16th September 2020 International oil and gas companies are facing an increased risk of cyber-attacks and will need to change the way they approach risk management to reduce the impact of cyberthreats, a recent master study by Stellenbosch University political scientist Kayla Mc Ewan shows. She says that, by... 

Afrox manages healthy dividend, profit despite lower demand in H1 

By: Marleny Arnoldi     11th September 2020 Gas supplier African Oxygen (Afrox) has declared a dividend of 38c a share for the six months ended June 30. It also posted earnings before interest and taxes (Ebit) of R336-million and basic earnings a share of 77.8c.  

Afrox manages healthy dividend, profit despite lower demand in H1
Afrox's executives discuss its performance for the six months ended June 30

System available for transformer monitoring

11th September 2020 Pretoria-based industrial technology and solutions provider RTS Africa Technologies (RTS) has recently announced the increased availability of its Gen5 System, developed specifically for transformer oil dissolved gas analysis (DGA) for distribution transformer monitoring.  

System available for transformer monitoring
REDUCED RISK H2scan’s Gen5 transformer-specific hydrogen analyser provides real-time DGA

Sasol, Air Liquide enter into sales agreement for ASU business

By: Marleny Arnoldi     10th September 2020 Petrochemicals giant Sasol South Africa has announced that it and Air Liquide have concluded negotiations for the proposed R8.5-billion sale of Sasol’s air separation units (ASUs) at the company’s operations in Secunda and the parties have now entered into a sale of business agreement. Sasol... 

Global trading platform key to unlocking competitiveness of green hydrogen 

By: Terence Creamer     9th September 2020 International cooperation will be key to unlocking the competitive production of green hydrogen as global trade will be required to link those countries, such as South Africa, that are best suited to producing the energy carrier, using a combination of low-cost renewable energy, water and... 

Global trading platform key to unlocking competitiveness of green hydrogen

Sasol gives insight into its automation, digital journey

By: Simone Liedtke     9th September 2020 Implementing a digital transformation strategy is a “must”, rather than an option, and is driven by both external and internal forces, petrochemicals company Sasol Chemicals digital lead Oratile Sematle said on September 8. Speaking during an automation-themed webinar as part of this year’s... 

Sasol gives insight into its automation, digital journey

Sasol seeks carbon-utilisation solutions for South African operations 

By: Terence Creamer     4th September 2020 Energy and chemicals group Sasol has initiated a process through which it aims to identify potential partners for the development and demonstration of technologies that can utilise the carbon dioxide (CO2) produced at its South African operations as part of a broader strategy to lower its... 

Sasol seeks carbon-utilisation solutions for South African operations

Long-term demand structure for petroleum unclear

By: Darren Parker     4th September 2020 It is expected that the Covid-19 pandemic will continue to negatively affect liquid fuels demand in the short term, but whether this represents a long-term structural shift is not yet clear, says South African Petroleum Industry Association (Sapia) executive director Avhapfani Tshifularo. Before... 

Long-term demand structure for petroleum unclear
Photo by Adobe
NO NEED TO IMPORT Reduced demand will see South Africa becoming somewhat self-sufficient in terms of fuels production if all refineries are operational

Heavy equipment demobilised after project completion

4th September 2020 Heavy equipment lifting and transporting company Mammoet recently began demobilising equipment it had deployed at the Dangote Petroleum Refinery and Petrochemical complex in Lekki Free Zone, in Nigeria. The demobilising of the equipment began in July. 

Heavy equipment demobilised after project completion
BIG DELIVERIES The components for the refinery project consisted of multiple shipments delivered to the purpose-built Dangote Quay Lekki in Lagos

New proportioning system ideal for refineries

By: Darren Parker     4th September 2020 Fire-suppression systems developer FireDos launched the third generation (Gen III) of its foam proportioners for fire extinguishing systems globally at the end of last year. The technology has since been made available in South Africa through local partner and distributor DoseTech. The Gen III... 

New proportioning system ideal for refineries
A NEW GENERATION The Gen III foam proportioner can handle all types of foam agents, even highly viscous, alcohol-resistant and fluorine-free foam agents
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