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Oil & Gas News

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

Beneficial operation at facility reached

6th September 2019 Oil company Sasol, a leading integrated energy company which jointly runs the Natref refinery located in the Free State, reached beneficial operation of its new alkoxylation plant in Nanjing, Jiangsu, China on April 18, 2019. 

New vaporising regulator increases accuracy and reliability

6th September 2019 Automation and control solutions provider Emerson Electric has introduced the first vaporising pressure reducing regulator for gas chromatograph analysers. The new TESCOM44-6800 Series Vaporising Regulator offers the option to separate the regulator body from the electronic enclosure, without... 

New vaporising regulator increases accuracy and reliability
CONTROL FREAK The series of controllers ensure optimal performance and safety in locations rated as hazardous

Total suspends planned $3.5bn Uganda–Tanzania oil pipeline

By: Bloomberg     5th September 2019 Total has suspended its planned $3.5-billion crude export pipeline from Uganda to Tanzania after the collapse of a deal to buy a stake in Tullow Oil’s oil fields in Uganda. The French oil major has terminated all activities related to the 1 445 km conduit from its crude fields in Uganda to Tanga... 

Oil refiners are slowly realising increased digital potential – Accenture

By: Marleny Arnoldi     4th September 2019 Oil refiners are increasing investments in digital technologies despite low improvements in operating margins from these technologies, says NYSE-listed multinational professional services company Accenture Accenture on Wednesday released its third yearly study on digital technology in the... 

From healthcare to energy, gases play critical role in SA economy

By: Rebecca Campbell     30th August 2019 A gas can be defined as “a form of matter, in which the molecules move randomly in otherwise empty space, filling any size or shape of container into which the gas is put,” (The Hutchinson Dictionary of Science, 2nd edition) or as a “fluid that expands to fill any container, however large,... 

From healthcare to energy, gases play critical role in SA economy

M&R order book nears R60bn with another R10bn added since July 

By: Terence Creamer     29th August 2019 Engineering and construction group Murray & Roberts (M&R) has added a further R10-billion to its order book, which stood at R46.8-billion at the end of July, and CEO Henry Laas believes the backlog could rise even further in the months ahead. At the end of July 2018, the group’s order book stood... 

M&R order book nears R60bn with another R10bn added since July
Photo by Creamer Media
M&R CEO Henry Laas

Tullow Oil says Uganda stake sale to Total, CNOOC called off

By: Reuters     29th August 2019 Tullow Oil's sale of a stake in its planned 230 000 bl/d project in Uganda to France's Total and China's CNOOC has been called off due to a tax dispute with the Ugandan authorities, Tullow said on Thursday. The London-listed firm had previously sold about two thirds of the project to CNOOC and... 

Shumba, CoPet establish joint venture

By: Simone Liedtke     29th August 2019 Energy development company Shumba Energy has concluded a joint venture (JV) partnership, which has resulted in it holding an 80% interest in energy company Coal Petroleum (CoPet). Based in Botswana, CoPet is developing a commercial-scale liquid fuels production facility, called Project Tsosoloso,... 

Noble Energy makes oil discovery off Equatorial Guinea – Minister

By: Reuters     28th August 2019 Noble Energy has made a new discovery in Block 1 offshore Equatorial Guinea, with the US company expecting to produce new oil by tapping into existing infrastructure by October, the oil minister said on Tuesday. "We are excited to announce this discovery, which could not have come at a more... 

Kosmos drilling boss looks to 1990s playbook in Africa oil hunt

By: Bloomberg     27th August 2019 Tracey Henderson is returning to the corner of Africa where two decades ago she started to make her name in the oil world. She worked in Equatorial Guinea as a young geophysicist in the 1990s, building experience in the country as she sought to unlock oil and gas reserves. Having charted a career... 

Sasol lowers LCCP Ebitda guidance, but says no further increases in capital cost

By: Marleny Arnoldi     26th August 2019 JSE- and NYSE-listed petrochemicals giant Sasol has resolved an issue related to a large heat exchanger on its ethane cracker at the Lake Charles Chemicals Project, in Louisiana, in the US. On August 16, Sasol announced that the problem had interrupted the ethane cracker operation for several... 

Oil in longest losing run in five weeks as trade war deepens

By: Bloomberg     26th August 2019 Oil fell for a fourth day, set for the longest run of declines in more than five weeks, after the latest escalation in the trade war blindsided investors and worsened an already-shaky global demand outlook. Futures in New York dropped as much as 2.2% after closing down 2.1% on Friday as Beijing... 

Nigerian court orders Shell oil lease be renewed, Punch says

By: Bloomberg     26th August 2019 A Nigerian high court ordered the government to renew Shell Petroleum Development’s operating license for the Oil Mineral Lease 11 field, which was withdrawn earlier this year, Lagos-based Punch newspaper reported. The Federal High Court in the capital, Abuja, ordered the license be renewed for... 

Tlou Energy achieves sustained gas flow at Botswana pods

By: Simone Liedtke     22nd August 2019 ASX-, Aim- and BSE-listed Tlou Energy on Thursday announced that sustained gas flow rates had been achieved at its Lesedi 3 and 4 production pods, in Botswana. Lesedi 3 and 4 have each achieved an initial sustained gas flow of about 20 000 cubic feet a day, and are performing strongly, Tlou... 

Saldanha Bay ‘Freeport’ lines up 58 prospective investors 

By: Terence Creamer     21st August 2019 The Saldanha Bay Industrial Development Zone (SBIDZ) is working with 58 prospective tenants for the special economic zone (SEZ), which is the first SEZ to be located within a domestic port and the only sector-specific SEZ in South Africa catering specifically to the oil and gas, maritime... 

Saldanha Bay ‘Freeport’ lines up 58 prospective investors
SBIDZ acting CEO Kaashifah Beukes

US provides $40m for Renergen’s South African gas project 

By: Simone Liedtke     21st August 2019 Emerging liquefied natural gas (LNG) and helium producer Renergen has signed a $40-million loan agreement with the Overseas Private Investment Corporation (OPIC), marking a significant milestone for the company, which recently listed on the ASX. The loan, signed on Friday, was originally... 

US provides $40m for Renergen’s South African gas project
Renergen CEO Stefano Marani

Nigeria central bank to defend reserves in wake of $9bn court ruling

By: Reuters     19th August 2019 Nigeria's central bank will strive to protect the country's currency reserves after a British court ruling granted a small natural gas firm the right to try to seize $9 billion in assets from Nigeria's government, the bank's head said on Monday. Such a sum would be one of the largest financial... 

Greenpeace says Mpumalanga a sulphur dioxide emissions hotpot 

By: Marleny Arnoldi     19th August 2019 Environmental organisation Greenpeace’s India branch says Kriel, in Mpumalanga province, in South Africa, is the second-largest global hotspot for sulphur dioxide (SO2) emissions, mostly owing to the 12 coal-fired power stations in the province. The branch commissioned a study using the US’s... 

Greenpeace says Mpumalanga a sulphur dioxide emissions hotpot

Legislation, waste diverting can drive biogas growth

By: Cameron Mackay     16th August 2019 Changing legislation and the continued strain on landfill space in South Africa is causing a significant drive in the country to divert waste, particularly organic waste, away from landfill sites. Alternative waste solutions provider GCX Zero Waste manager Hein Fourie says this can help to... 

Legislation, waste diverting can drive biogas growth
COMPLEX MARKETS Growth of the biofuels sector is slow, as the sector is slowly learning how to accommodate and adapt to South African market conditions
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