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Oil & Gas News

US encourages African countries to import its LNG

By: Kim Cloete     6th November 2019 The US is encouraging African countries to consider importing its abundant supplies of liquefied natural gas (LNG), as it expects its production to more than double within the next few years. US Department of Energy assistant secretary Steven Winberg this week said African countries should... 

Total steps up Brulpadda gas exploration

By: Kim Cloete     6th November 2019 Integrated oil and gas company Total says it has seen renewed exploration interest by a range of partners in its Brulpadda discovery of a potential on- billion barrels of gas in the Outeniqua basin, 175 km off the southern coast of South Africa. It is also fast-tracking its planning to maximise... 

Total steps up Brulpadda gas exploration
Photo by Bloomberg
Total's Brulpadda discovery

Notable Pioneer could increase shareholding in Renergen to 24.8%

By: Simone Liedtke     6th November 2019 Emerging domestic liquefied natural gas (LNG) and helium producer Renergen’s largest shareholder Tamryn Investment Holdings has agreed to sell up to 20-million of the 34-million shares it holds in Renergen to private company Notable Pioneer. The call option expires on February 5, 2020. 

Notable Pioneer could increase shareholding in Renergen to 24.8%
Renergen CEO Stefano Marani

PetroSA eyes Russia for $359m farmout deal

By: Reuters     5th November 2019 South Africa's national oil company PetroSA and Russia's State geological company Rosgeologia (Rosgeo) are in talks to finalise a $359-million farmout deal to give Russia its first foothold in a prospective oil- and gasfield offshore South Africa, three sources have said. PetroSA is under... 

Call for greater urgency as South Africa approaches gas ‘supply cliff’ 

By: Terence Creamer     4th November 2019 South Africa is being urged to accelerate its response to a looming natural gas “supply cliff”, which could arise in the coming four to five years unless alternative sources of supply are found to offset “tapering” imports from southern Mozambique. South Africa remains highly dependent on Sasol’s... 

Call for greater urgency as South Africa approaches gas ‘supply cliff’
South Africa remains highly dependent on Sasol’s Pande and Temane production areas

Kosmos Energy finds oil off Equatorial Guinea – oil ministry

By: Reuters     4th November 2019 US oil company Kosmos Energy has made an oil discovery at its S-5 well offshore of Equatorial Guinea, hitting 39 m of net oil play, the Ministry of Mines and Hydrocarbons said on Sunday. "We are very excited about the results of the S-5 well, the first well drilled in this ongoing exploration... 

Nigeria’s Dangote refinery to start operating in early 2021

By: Bloomberg     30th October 2019 Nigeria’s Dangote refinery, which is being built privately by Africa’s richest man, is scheduled to be at full capacity in the middle of 2021. The refinery in Lagos will be ready for commissioning at the beginning of 2021, with full capacity reached by the end of the first half of the year,... 

Sasol mulling several gas supply options as it seeks to reduce carbon footprint   

By: Terence Creamer     28th October 2019 Chemicals and energy group Sasol is investigating several gas-supply alternatives for its coal-heavy South African operations as it seeks ways to reduce its carbon footprint. The JSE-listed group is simultaneously working on a ‘sustainability roadmap’, which will have a strong focus on lowering... 

Sasol mulling several gas supply options as it seeks to reduce carbon footprint
Chemicals and energy group Sasol is investigating several gas-supply alternatives for its coal-heavy South African operations as it seeks ways to reduce its carbon footprint. The JSE-listed group is simultaneously working on a ‘sustainability roadmap’, which will have a strong focus on lowering its greenhouse gas (GHG) emissions. Video and editing: Darlene Creamer 28.10.2019

Sasol seeks to use leadership ‘reset’ to rebuild trust in wake of damning LCCP review  

By: Terence Creamer     28th October 2019 Sasol CEO-designate Fleetwood Grobler insists that he is “realistic” about the challenges still confronting the chemicals and energy group, which parted ways with its previous joint CEOs on Monday, following a damning board review of cost and schedule overruns at the giant Lake Charles Chemicals... 

Sasol seeks to use leadership ‘reset’ to rebuild trust in wake of damning LCCP review
Sasol CEO-designate Fleetwood Grobler insists that he is “realistic” about the challenges still confronting the chemicals and energy group, which parted ways with its previous joint CEOs on Monday, following a damning board review of cost and schedule overruns at the giant Lake Charles Chemicals Project (LCCP), in Louisiana, in the US. Video and editing: Darlene Creamer 28.10.2019

Renergen reaches final milestone in ramp-up to construction at flagship project

By: Simone Liedtke     28th October 2019 Emerging domestic natural gas and helium producer Renergen has reached its final milestone, before construction starts on its flagship Virginia gas project, in the Free State. The milestone sees the company awarding equipment supplier Western Shell Cryogenic Equipment (WSCE) a contract to supply... 

Renergen completes commissioning of second CNG filling station 

By: Simone Liedtke     21st October 2019 Emerging natural gas and helium producer Renergen has completed the commissioning of its second compressed natural gas (CNG) filling station, in Johannesburg. The filling station will begin supplying CNG to Black Knight Logistics for a fleet of about 15 trucks, starting this month. 

Renergen completes commissioning of second CNG filling station
Renergen's second compressed natural gas filling station, in Johannesburg

Renergen ‘making good progress’ with drilling at Virginia gas project

By: Simone Liedtke     16th October 2019 Emerging natural gas and helium producer Renergen, which is headed up by CEO Stefano Marani, has confirmed that drilling at its Virginia gas project, in South Africa, is on schedule and “making good progress”. The project’s drilling contractor Bohrmeister Technik has partially completed the... 

Nigeria's State oil company signs $2.5bn prepayment deal for gas projects with NLNG

By: Reuters     11th October 2019 State oil company Nigerian National Petroleum Corp (NNPC) on Friday said it had signed a $2.5-billion prepayment agreement with Nigeria LNG (NLNG) for upstream gas development projects. NLNG, which produces liquefied natural gas (LNG) for export, is owned by state-run Nigerian National Petroleum... 

Nigeria demands $62bn from oil majors for past profits

By: Bloomberg     10th October 2019 Nigeria is seeking to recover as much as $62-billion from international oil companies, using a 2018 Supreme Court ruling the state says enables it to increase its share of income from production-sharing contracts. The proposal comes as President Muhammadu Buhari tries to bolster revenue after a... 

Senegal delays oil licensing round by a month

By: Reuters     9th October 2019 Senegal has delayed the launch of an oil and gas licensing round due on Wednesday until Nov. 4 as contract documents still need to be finalised, oil minister Mahamadou Makhtar Cisse said. "We need to ensure the legal framework for investors," he told Reuters on the sidelines of an oil and power... 

Business confidence recovers from 34-year low in Sept – Sacci 

By: Reuters     9th October 2019 South African business confidence improved in September, recovering from a 34-year low in the previous month as exports and vehicle sales increased while economic activity picked-up, a survey showed on Wednesday. The South African Chamber of Commerce and Industry's (Sacci) monthly business... 

China grants rare crude import licenses to Glencore's JV, local firm

By: Reuters     8th October 2019 China's commerce ministry granted crude oil import licences to two Zhejiang-based petroleum companies in eastern China, including a trading joint venture partly held by commodities trader Glencore. Zhejiang Petroleum Trading Co and Zhejiang Petroleum & Chemical Co will receive the so-called... 

Nigeria says will cut output to conform to OPEC pact

By: Reuters     1st October 2019 Nigeria will make cuts to its crude oil output to comply with OPEC output targets, Mele Kolo Kyari of the Nigerian National Petroleum Company (NNPC) said on Tuesday. Nigeria's September crude oil and condensate output was 2.1-million to 2.2-million barrels per day (bpd), the director of its state... 

Oil major Total closes purchase of Anadarko's Mozambique LNG asset

By: Reuters     30th September 2019 French oil major Total has completed the acquisition of Anadarko's 26.5% stake in Mozambique's liquefied natural gas project for $3.9-billion, Total said on Monday, in a deal expected to raise much-needed revenue for Mozambique. "Mozambique LNG is a one of a kind asset that perfectly fits with... 

Oil major Total closes purchase of Anadarko's Mozambique LNG asset

Oil set for worst week since July as Saudis restore production

By: Bloomberg     27th September 2019 Oil is heading for the biggest weekly loss since July on indications Saudi Arabia is restoring lost crude production quicker-than-expected after attacks on its key energy infrastructure. Futures slid as much as 0.6% in New York on Friday. The kingdom is about a week ahead of its repair schedule... 

Partnership deploys waste recycling tech

By: Cameron Mackay     27th September 2019 Energy equipment and waste disposal solutions provider Bio-Dynamic Fuel (BDF) is focusing on partnering with food service and retail businesses to deploy the company’s waste disposal and renewable-energy solutions on a national level. The company’s technology entails converting used cooking oil... 

Partnership deploys waste recycling tech
OIL’S WELL THAT ENDS WELL The deployment will focus on the company’s developed B-Tech 40 ℓ processor and chemical mix, which converts used cooking oil into biofuel

Ships set to burn raw crude oil to beat new clean fuel rules 

By: Bloomberg     26th September 2019 For almost three years, the oil industry has been puzzling over how to supply merchant ships with fuel that will meet tough new environmental standards. Turns out part of the solution was sitting in the ground and under ocean floors all the while: crude oil. Oil from off the U.K.’s coast, which... 

Integrating circular-economy approach to waste oil holds promise

By: Schalk Burger     20th September 2019 Moving towards a more circular economy - which is based on the principle of using, recycling, and reusing in an (almost) closed loop - could deliver opportunities including reduced pressures on the environment, enhanced security of supply of raw materials, increased competitiveness, innovation,... 

South Africa calls for dialogue after attack on Saudi oil facilities

By: News24Wire      19th September 2019 The escalation of conflict in the Middle East has prompted the South African government to call for dialogue to avoid rising tensions. This relates to an attack on two key Saudi Arabian oil facilities on Saturday. The attack has already taken its toll on the rand and has led to a rise in oil... 

South Africa calls for dialogue after attack on Saudi oil facilities

Recent attacks on Saudi Arabia’s oil highlight region’s risks – S&P

By: Simone Liedtke     17th September 2019 Although high inventory levels could limit the impact of the September 14 attacks on Saudi Arabia’s oil infrastructure, S&P Global Ratings on Tuesday said the event highlighted the region’s high geopolitical risks and the risks to spare capacity. The attack on national oil company Saudi Aramco's... 

Renergen redeems A$500 000 of convertible notes

By: Creamer Media Reporter      17th September 2019 Emerging natural gas and helium producer Renergen, which is listed on the JSE and the ASX, has redeemed A$500 000 of convertible notes issued in December 2018. The notes had an interest rate of 15% a year and were convertible into shares at an equivalent price of A$0.074 a share. 

Afrox benefits from healthcare, LPG sector demand while cost savings drive continues

By: Marleny Arnoldi     16th September 2019 JSE-listed African Oxygen (Afrox) will continue to focus on specific growth opportunities, strict cost management and effective price cost recoveries going forward, after low economic growth persisted in the country during the six months ended June 30. MD Schalk Venter told Engineering News... 

Afrox benefits from healthcare, LPG sector demand while cost savings drive continues
Photo by Creamer Media
Afrox MD Schalk Venter

Oil jumps the most ever after attack cuts Saudi Arabian supplies

By: Bloomberg     16th September 2019 Global oil prices surged the most on record after a strike on a Saudi Arabian oil facility removed about 5% of global supplies, an attack the US has blamed on Iran. In an extraordinary start to trading, London’s Brent futures jumped almost $12 a barrel in the seconds after the open on Monday,... 

Oil jumps the most ever after attack cuts Saudi Arabian supplies

Looks like hydrogen economy could happen – CPM  

By: Martin Creamer     13th September 2019 Hydrogen energy has been like science fiction since the post-World War II period. Many have dreamed about being able to replace oil and natural gas with hydrogen, but limiting factors have been been the cost of production and safety issues. Now, widespread sun and wind power use as well as liquid... 

Looks like hydrogen economy could happen – CPM
New York-based CPM MD Jeffrey Christian spells out hydrogen’s prospects to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd.

Partnership provides value to fabrication industry

By: Theresa Bhowan     13th September 2019 Local nitrogen generator manufacturer NitraLife’s partnership with Swiss steel processing original-equipment manufacturer Bystronic is adding significant value to end-user customers in the fabrication sector. 

Partnership provides value to fabrication industry
NITROGEN GENERATION The NitraCut system was specifically designed for the laser cutting market

PetroSA may run out of domestic supplies by the end of next year 

By: Kim Cloete     10th September 2019 South Africa’s national oil company, PetroSA, is facing an ongoing crisis, with concerns that its Mossel Bay gas-to-liquid (GTL) refinery may run out of domestic supplies by the end of next year. “Reserves are close to depletion and are expected to run out by December 2020 and there is still no... 

PetroSA may run out of domestic supplies by the end of next year

Master Drilling remains focused on regional growth strategy  

By: Marleny Arnoldi     10th September 2019 JSE-listed drilling solutions company Master Drilling’s acquisition of Atlantis Group helped to boost its revenue and regional operations in the six months ended June 30. CEO Danie Pretorius on Tuesday said the company has remained committed to diversifying its presence across geographies,... 

Master Drilling remains focused on regional growth strategy
Master Drilling CEO discusses the market conditions in the six months ended June 30 and the company's commodity focuses. Video done by Kutlwano Matlala; editing done by Nicholas Boyd.

Company committed to youth empowerment

6th September 2019 Young chemical engineer Nokubonga Ngqulunga is one of many whose horizons have broadened thanks to oil company Engen. 

Company committed to youth empowerment
NOKUBONGA NGQULUNGA Anything and everything is possible if you put in the hard work and believe in yourself

Company launches management solution

6th September 2019 Petroleum products and solutions provider Masana Petroleum Solutions has extended its long-standing strategic partnership with oil industry company BP Southern Africa (BPSA) – which jointly runs the Sapref refinery located in KwaZulu-Natal – to deliver an innovative fleet management solution, BP... 

Company to use virtual reality to enhance offering for refineries

By: Mamaili Mamaila     6th September 2019 Spray technology distributor Monitor Engineering is currently ordering a virtual reality system that will enable the company to show clients how its spray nozzles and spray systems operate in their applications. 

Company to use virtual reality to enhance  offering for refineries
WINDOW OF OPPORTUNITY While 4IR may bring about the reality of job losses, it could also present added benefits that the country may not be aware of as yet

Foundation celebrates 25 years of success in used oil recycling

6th September 2019 More than 1.5-billion litres of hazardous used motor oil has been kept out of the environment. 

Foundation celebrates  25 years of success in  used oil recycling
COLLABORATION It is imperative that ROSE works alongside government to ensure we help shape legislation which will benefit all stakeholders in the oil industry

IMO regulation a hurdle for local oil refineries

By: Mamaili Mamaila     6th September 2019 The International Maritime Organisation (IMO) 2020 regulation has prescribed for a large reduction in the maximum sulphur content of bunker fuels which presents a challenge for South African oil refineries. 

IMO regulation a hurdle for local oil refineries
ENVIRONMENTAL COMPLIANCE Oil refineries have to comply with the minimum emission standards as stipulated in the national Air Quality Act
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