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Oil & Gas News

Gas is the new coal with risk of $100bn in stranded assets

By: Bloomberg 19th April 2021 Natural gas is falling out of favor with emissions-wary investors and utilities at a quicker pace than coal did, catching some power generators unaware and potentially leaving them stuck with billions of dollars of assets they can’t sell. Citigroup Inc. and JPMorgan Chase & Co. are among the... →

Total postpones South Africa drilling application, consultancy letter says

By: Reuters 14th April 2021 French oil major Total has decided to postpone its application for additional drilling in a South African offshore gas block, a letter seen by Reuters from the consultancy conducting the environmental and social assessment showed. The delay is a potential blow to South Africa as it seeks to... →

Sasol and Air Liquide initiate first phase of 900 MW renewables procurement process

By: Terence Creamer 13th April 2021 Sasol and Air Liquide have formally announced plans to jointly procure 900 MW of renewable-energy capacity from independent power producers (IPPs) by 2030 and have issued a request for proposal (RFP) through which they aim to procure an initial 600 MW this year. The transaction, the companies... →

Photo by Creamer Media
Power lines in the foreground, with Sasol's Secunda complex in the background

Total to extend dominance in Africa with go-ahead for Uganda oil

By: Bloomberg 9th April 2021 Total’s likely decision to proceed with a $5.1-billion Ugandan oil project will extend its dominance as the biggest spender in sub-Saharan Africa. The French energy giant, poised to greenlight the plan within days, has been the largest investor in the region since 2012. Its spending on... →

Double Troika Summit orders ‘immediate technical deployment’ to Mozambique

By: Sane Dhlamini 9th April 2021 The Extraordinary Double Troika Summit of heads of States and government of the Southern African Development Community has directed an immediate SADC Organ on Politics Defence and Security technical deployment to Mozambique following insurgent attacks in the northern town of Palma. Recent reports... →

Cylinder market expected to grow

9th April 2021 The global liquified petroleum gas (LPG) cylinder manufacturing market is projected to reach a market size of about $4.7-billion by 2026, with an average growth rate of about 3.6% during the forecast period, according to a report issued by market intelligence provider Transparency Market Research... →

EXPANDING GAS The growth in the global LPG cylinder manufacturing market is driven by increased disposable income, urbanisation and demand for convenience

Twelve people, possibly foreigners, beheaded in attack on Mozambique gas hub town - police

By: Reuters 8th April 2021 Twelve people, possibly foreigners, were found beheaded following an Islamic State-claimed attack on the northern Mozambique town of Palma, near natural gas projects worth $60-billion, a local police commander told state TV station TVM. The police commander Pedro da Silva told journalists... →

South African gas startup attracts R300m investment

By: Tasneem Bulbulia 7th April 2021 South African startup Bluedrop has secured a R300-million investment from US-based private equity fund J Sassoon Group for the development of its liquefied petroleum gas (LPG) cylinder manufacturing plant, in the west of Johannesburg. The project is expected to create 110 direct jobs during... →

Mozambique’s world-topping currency shrugs off gas-project raid

By: Bloomberg 6th April 2021 A deadly raid by insurgents that stopped work at a gas project that Mozambique depends on for an economic revival has done little to derail a world-beating rally in the country’s currency. The metical has appreciated 14% against the dollar since the beginning of February, making it the world’s... →

API, African Energy Chamber sign MoU to expand natural gas and oil standards

By: Tasneem Bulbulia 1st April 2021 National associations the American Petroleum Institute (API) and the African Energy Chamber (AEC) have signed a memorandum of understanding (MoU) to collaborate on capacity building initiatives and standardisation to enhance safety, environmental protection and sustainability in African countries... →

Tens of thousands feared displaced in deadly attack on Mozambique gas town

By: Reuters 31st March 2021 Portugal will send soldiers to Mozambique to help train the armed forces in its former colony, where authorities battling an Islamist insurgency searched for tens of thousands of civilians who fled an onslaught on the northern coastal gas town of Palma. Many of those fleeing are believed to have... →

Laboratory results show helium concentrations of 3% to 4% at Renergen's Virginia project

By: Simone Liedtke 29th March 2021 Domestic natural gas and helium producer Renergen has obtained laboratory results on the helium concentrations from recently drilled wells P007 and MDR1, which has returned a helium concentration of 3.15%. Wildcard well P007 returned a concentration of 4.38%. →

Total postpones restart of work on $20bn Mozambique gas project amid violence

By: Reuters 29th March 2021 Suspected Islamist insurgents attacked a convoy of fleeing civilians, including foreign workers, as fighting continued in a northern Mozambique town that is near a number of gas projects, security and diplomatic sources said. At least one person was killed and a number wounded in Friday's attack,... →

Elite salvagers set to tackle massive ship blocking Suez Canal

By: Bloomberg 25th March 2021 An elite team is set to tackle the monumental challenge of freeing the massive container vessel that’s blocking the Suez Canal, as a backlog of ships continued to build up for a third day in what is arguably the world’s most important waterway. Work to re-float the Ever Given and free up... →

Total to resume Mozambique LNG work after security reinforced

By: Reuters 24th March 2021 Total will restart construction at its $20-billion liquefied natural gas (LNG) development in Mozambique after the government increased security, the French energy firm said on Wednesday. In January, Total withdrew most of its workforce from the site in Mozambique's northernmost province of Cabo... →

Suez Canal blockage set to ripple through global energy market

By: Bloomberg 24th March 2021 The blockage of the Suez Canal by a giant container vessel is likely to send a ripple of disruption through the global energy supply chain. European and US refiners that rely on the vital waterway for cargoes of Mideast oil may be forced to look for replacement supplies should the blockage... →

Hall Longmore launches fusion bonded epoxy pipe coatings for the local market

By: Donna Slater 19th March 2021 Steel pipe manufacturer Hall Longmore is looking to attract a key domestic market segment with its newly launched dual layer fusion bonded epoxy (FBE) coatings. MD Kennith van Rooyen tells Engineering News the company, which is based in Wadeville, Gauteng, recently commissioned a dual spray... →

Hydrogen supplier fuels public transport

By: Halima Frost 19th March 2021 Renewable-energy and hydrogen supply company Nel Hydrogen has installed a 2 MW proton exchange membrane (PEM) electrolyser system at transport operator SunLine Transit’s premises in California, in the US, to fuel their fleet of fuel cell buses. →

ENERGY MAKER The Nel Hydrogen proton exchange membrane electrolyser allows for on site hydrogen generation from water

Italian court acquits Eni, Shell in Nigerian corruption case

By: Reuters 18th March 2021 A Milan court acquitted energy company Eni, its chief executive and Royal Dutch Shell on Wednesday in the oil industry's biggest corruption case revolving around the $1.3-billion acquisition of a Nigerian oilfield a decade ago. The sentence, read out in court by judge Marco Tremolada, came more... →

BP plans UK's largest blue hydrogen production facility

By: Reuters 18th March 2021 Oil and gas major BP said on Thursday it was developing plans for the UK's largest blue hydrogen production facility, expanding its investments in carbon reduction technologies to tackle global warming. Governments and energy companies are placing large bets on clean hydrogen and carbon capture... →

IEA says oil demand likely to rise until 2026

By: Marleny Arnoldi 17th March 2021 Based on the current policy settings, global oil demand is set to rise every year to 2026, says the International Energy Agency (IEA). Although world oil markets have rebounded from the massive demand shock triggered by Covid-19, they still face a high degree of uncertainty that is testing the... →

Policing forum set up to crack down on ‘rampant’ illegal fuel trading

By: Creamer Media Reporter 17th March 2021 The Department of Mineral Resources and Energy (DMRE) has established the Public Petroleum Products Act Compliance Forum in a bid curb “rampant” illegal fuel trading. The forum is made up of petroleum industry stakeholders, including wholesalers and retail associations, and law enforcement... →

What countries will fight over when green energy dominates

By: Bloomberg 16th March 2021 The Rand Corporation’s been designing war games with the Pentagon since the 1950s, modelling such hard-nosed security scenarios as a two-front US war with China and Russia. Now the think tank is turning its realpolitik tool kit to a question more often associated with environmental dreamers: How... →

Petrochemicals plant demolition under way

By: Darren Parker 12th March 2021 Demolition contractor Jet Demolition is wrapping up a petrochemical demolition project valued at about R20-million. Jet Demolition project manager André Botes tells Engineering News that the project, which started in September last year, was a welcome relief from an extremely challenging 2020. →

COLD CUTS Jet Demolition holds a number of highly specialised cold-cutting demolition tools and attachments for its fleet of demolition machines.

Renergen strikes gas at another well, CEO says it is an ‘unexpected bonus’

By: Simone Liedtke 11th March 2021 Domestic natural gas and helium producer Renergen has made another significant gas strike at its Virginia gas project, this time in well MDR1, 300 m north of the currently producing MDR5 well. The Virginia project is located in South Africa’s Free State province. →

PetroSA opaque on job cuts, union says

By: Bloomberg 11th March 2021 A South African labour union asked mediators to force the State oil company PetroSA to provide more information on proposals that may result in 40% of its employees losing their jobs. The National Union of Metalworkers of South Africa (Numsa) made submissions to the Commission for Conciliation,... →

Shell strikes $926m deal to sell oil assets in Egyptian desert

By: Bloomberg 9th March 2021 Cairn Energy reshuffled its portfolio, selling $460-million of assets in the UK North Sea and buying projects in Egypt’s Western Desert from Royal Dutch Shell. Both deals, announced Tuesday and seen completing in the second half of 2021, follow a pickup in oil and gas acquisitions after 2020’s... →

Renergen strikes gas at ‘true exploration well’ at Virginia project

By: Simone Liedtke 9th March 2021 Domestic natural gas and helium producer Renergen has struck gas in well P007 at the base of the Karoo sediments, at a depth of just over 400 m. P007 is considered a “true exploration well”, as opposed to a development or appraisal well, and was being drilled by Renergen to inform possible... →

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)... →

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