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Oil & Gas News

Fuel-cell challenge

24th May 2002 Sasol Oil’s research and development department’s longer-term challenge is to keep abreast of development in engine design. 

State support for alternative diesel

By: Deborah Spicer     17th May 2002 Government departments are collectively showing their support for alternative diesel fuels after Finance Minister Trevor Manuel raised the issue in his budget speech earlier this year. 

Government cuts millions in fuel costs

17th May 2002 Eight of South Africa's oil companies, together with their technology and banking partners, have combined their resources and technical expertise to form a fuel management initiative in response to central government's decision to introduce an electronic fuel purchasing technology for its vast... 

Oil firm concerned about Sudan violence

17th May 2002 Austrian oil and gas company OMV said that it was deeply concerned about reports that Sudan’s government was using violence to depopulate villages in promising oil areas racked by a 19-year civil war. 

More oil finds off Nigeria

16th May 2002 The world’s largest publicly traded oil company, Exxon Mobil, announced a new oil discovery by its Nigerian unit bearing a test rate of 5 000 barrels per day. 

Dry Angola well does not deter Norwegians

14th May 2002 Norwegian industrial group Norsk Hydro has said that the first exploration well in its 30%-owned Block 34 off Angola had proven dry, but said it would not scale down prospects for the area. 

Nigerian State oil firm to be commercialised

10th May 2002 Nigeria said that State-run Nigerian National Petroleum Corporation (NNPC) will now operate as a commercial entity and assume responsibilty for cash call payments to the country’s oil joint venture partners. 

Secunda detergent alcohol project heats up

By: nkolola halwindi     10th May 2002 Specialist supplier of electrical heating systems, controllers, sensors, components and dispensing systems Bartec Barlian has completed the design, manufacture and assembly of the first series of surface-heating control panels for Sasol Olefins and Surfactants’ new detergent alcohol project... 

Tenders out for infrastructure work on Angola oilfield

9th May 2002 Oil firm TotalfinaElf has issued three key tenders for infrastructure work on its huge Dalia oilfield in Angola, but the target date for starting production there has slipped again, a spokesperson said. 

Nigerian gov to assess impact of oil partner mergers

9th May 2002 The Nigerian Federal Government has ordered a fresh audit of all the assets held by its four joint venture oil partners, Mobil, Chevron, Texaco and Elf. 

Positive outlook for oil offshore Egypt

7th May 2002 Independent oil and gas producer Apache Corporation said it had completed its first deepwater well offshore Egypt and will test for potentially productive natural gas deposits in the coming weeks. 

Malaysian oil company buys SA payment system

7th May 2002 Electronics and communications company, Tellumat Contract Manufacturing has secured an order for 600 South African-developed secure self-service payment terminals (SSTs) from Prism Payment Technologies as part of a further roll-out of fuel vending units to the Malaysia-based petroleum giant... 

Nigeria to review oil deals

6th May 2002 Nigeria said the Joint Operating Agreement (JOA) underpinning its partnership with oil majors producing most of its crude was outdated and needed review. 

Nigerian oil sector faces funding crisis

1st May 2002 Nigerian oil output could fall further if a funding crisis resulting from a recent Supreme Court ruling persists, oil industry sources said. 

SA energy group buys stake in E Guinea oil prospect

30th April 2002 South African synthetic fuels group Sasol said it had acquired a 20% stake in Equatorial Guinea’s Block H, boosting its oil exploration interests in the tiny west African country. 

How developing world can ensure Kyoto benefits

By: Deborah Spicer     26th April 2002 The developing world could benefit from numerous projects negotiated with the developed world, which is intent on showing its commitment to the Kyoto Protocol. 

Dry-running hermetic pump developed

By: nkolola halwindi     26th April 2002 Since the invention of the magnetically-driven pump more than 50 years ago, most of its developments occurred in terms of the magnets and the materials of construction. 

Concerns raised about Chad-Cameroon oil project

25th April 2002 The construction of a proposed $3,5-billion Chad-Cameroon oil development project has hit a major setback as a US Congress subcommittee on Africa met last week to discuss the effects of the project on both the environment and the people of the world’s poorest continent. 

First shipment of pipes arrives for Moz gas project

22nd April 2002 The first shipment of pipe sections for the Mozambique natural gas project has arrived in Maputo harbour last week. The arrival of this first shipment of pipes formed a milestone of the natural gas project in which Sasol, the government of Mozambique and the government of South Africa, are partners. 

How electricity-conducting plastics will change life

By: Karel Smrcka     19th April 2002 In the future, conductive polymers, such as plastics that conduct electricity, will be found in packaging materials, electronic books, mobile phone displays and even newspapers. 

Local oil firm in new Eq Guinea find

19th April 2002 Oil and gas exploration and production group Energy Africa has made its sixth oil discovery in Block G in the Rio Muni Basin offshore Equatorial Guinea. 

Techno agreements signed for $1,3bn Nigeria GTL project

19th April 2002 Oil firm ChevronTexaco said it had signed technology agreements with its Nigerian joint venture partner, marking the start of work on its $1,3-billion Escravos Gas to Liquids plant. 

Nigeria, Namibia to discuss joint oil refinery

19th April 2002 Officials from Nigeria and Namibia are scheduled to meet in London next week for preliminary talks on a planned joint oil refinery, Nigerian petroleum ministry officials said. 

Moroccan oil drilling programme to start this year

18th April 2002 Malaysia’s State oil firm Petronas will start drilling for oil in two exploration blocks offshore Morocco by the end of this year, the official Bernama news agency reported. 

Nigerian lawmakers fight court ruling on oil JV funding

17th April 2002 A supreme court ruling on revenue sharing in Nigeria could hold up the government’s funding of oil joint venture budgets and debt service, lawmakers said. 

New oil empowerment move in downstream sector

17th April 2002 A merger of Shell South Africa’s downstream operations with black empowerment firm Tepco Petroleum will enable it to double its fuel retailing businesses this year. 

Cape industrialists to attend US oil, gas convention

16th April 2002 Western Cape industrialists have responded with enthusiasm to an invitation to join a delegation to Houston, Texas, where they will look at business opportunities in the oil and gas industry, especially in the booming West African offshore oilfields. 

End of border row opens way for oil field

10th April 2002 US major ExxonMobil will operate a TotalFinaElf discovered oilfield in disputed waters in Nigeria after the West African nation and Equatorial Guinea settled a maritime border row. 

Zambia dissolves oil purchaser

9th April 2002 The Zambian government has wound up and dissolved debt-ridden state oil purchaser Zambia National Oil Company (ZNOC) with immediate effect, Finance Minister Emmanuel Kasonde said. 

West African states solve dispute on oil-rich border

8th April 2002 Nigeria and Equatorial Guinea said they had resolved a maritime border dispute, paving the way for oil multinationals TotalFinaElf and ExxonMobil to operate normally in one of the world’s most promising exploration zones. 

Drilling for crude in Chad

5th April 2002 An international consortium led by ExxonMobil has begun drilling for crude oil in Chad, meaning billions of dollars of oil money could soon be pouring into one of the poorest countries in the world. 

Engineering opportunities as African oil booms

By: Martin Zhuwakinyu     29th March 2002 THE rapidly-developing oil fields off the West Coast of Africa have opened up huge opportunities for steel and engineering companies in South Africa, particularly in the Western Cape. 

$340-million investment in South African chemical plants

By: Zonika Botha     29th March 2002 In what is a first for Sasol Chemical Industries (SCI), the company has given the go-ahead for a $200-millon acrylic acid project at its Midland site, in Sasolburg, Sasol Solvents divisional MD Anton Putter reports. 

Petchem giant in R13bn capex this year

27th March 2002 South Africa's petrochemical giant, Sasol, will be investing R13,2-billion this year, R12,2-billion of which will be ploughed into more than 71 projects in Southern Africa, making it the largest individual industrial spender in the region. 

Zambia offers stake in oil firm

25th March 2002 The Zambian government will offer a 25% stake in oil firm British Petroleum Zambia (BP Zambia) in an initial public offering next month, privatisation officials said. 

Energy efficiency improves with new design

22nd March 2002 The design of the new range of high-quality, user-friendly air filters from Ingersoll-Rand Air Solutions claims to offer proven filtration performance with the lowest pressure drop available for increased energy efficiency and filter lifetime. 

Engineering privatisation being reviewed

By: Terence Creamer     22nd March 2002 The Department of Public Enterprises (DPE) and Eskom Enterprises (EE) are reviewing the necessity of involving a strategic equity partner (SEP) in State-owned engineering group Rotek Industries, following substantial changes in the viability of the organisation. 

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