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Oil & Gas News

Total oil, gas drill rig arrives in Cape Town

By: Marleny Arnoldi     12th August 2020 Mineral Resources and Energy Minister Gwede Mantashe has welcomed the arrival of the DeepSea Stavanger oil and gas drill rig, in Cape Town, which has been commissioned by petrochemicals company Total. Total and its partners will drill the Luiperd prospect in Block 11B/12B off the Mossel Bay... 

Why so much world trade passes Mauritius’s pristine beaches

By: Bloomberg     12th August 2020 The bulk carrier Wakashio was 11 days into a month-long voyage to Brazil when it hit a reef off Mauritius causing it to spill fuel into the island’s crystal clear waters, endangering baby turtles and unique plants in a nearby nature reserve. Given the vastness of the Indian ocean, why was the... 

Sea life around Mauritius dying as Japanese tanker oil spill spreads

By: Reuters     12th August 2020 Mauritian volunteers fished dead eels from oily waters on Tuesday as they tried to clean up damage to the Indian Ocean island's most pristine beaches after a Japanese bulk carrier leaked an estimated 1 000 t of oil. The ship, MV Wakashio, owned by Nagashiki Shipping and operated by Mitsui OSK... 

The MV Wakashio which struck a coral reef on Mauritius' southeast coast is leaking oil
Photo by Reuters
The MV Wakashio which struck a coral reef on Mauritius' southeast coast is leaking oil

Sasol warns of dramatic earnings collapse as it confirms R112bn impairment

By: Terence Creamer     11th August 2020 Chemicals and energy group Sasol warned of a dramatic collapse in its 2020 financial performance on Tuesday, confirming that losses for the period would represent a deterioration of more than 100% when compared with results reported for the 2019 financial year. The decline, the company told... 

Sasol warns of dramatic earnings collapse as it confirms R112bn impairment

DBSA gears up to fill Covid-induced municipal funding gaps 

By: Terence Creamer     7th August 2020 Development Bank of Southern Africa (DBSA), which recently disbursed loans worth R4.5-billion to two Gauteng metropolitan councils to support ongoing infrastructure delivery amid coronavirus-induced liquidity constraints, reports that it is gearing up to support several other municipalities to... 

Mohan Vivekanandan
Mohan Vivekanandan

Reduced oil, oil product demand to last for six months – Absa

By: Simone Liedtke     4th August 2020 The current reduced demand for oil and refined products as a result of national lockdowns in South Africa and across sub-Sahara Africa could persist for at least six months, Absa Corporate and Investment Banking (CIB) natural resources head Shirley Webber says. She explains that national... 

Renergen spuds first well as expected

By: Simone Liedtke     3rd August 2020 The drill rig at emerging natural gas and helium producer Renergen’s Virginia gas project production hub, in the Free State, is preparing to spud the first well in the programme. The upcoming programme of inclined wells target the gas productive fracture systems at the project. 

Occidental discusses $4.5bn asset sale to Pertamina

By: Bloomberg     30th July 2020 Occidental Petroleum Corp is in talks about a potential sale of energy assets in Africa and the Middle East to Indonesia’s state-owned PT Pertamina, people with knowledge of the matter said. Pertamina is negotiating the acquisition of oil and gas stakes in countries including Ghana and the United... 

Sasol to sell world's biggest oxygen production site to Air Liquide 

By: Marleny Arnoldi     29th July 2020 JSE-listed petrochemicals company Sasol has signed a negotiation agreement with industrial gas company Air Liquide for the sale of Sasol South Africa’s 16 air separation units (ASUs), in Secunda. The ASUs, with a 42 000 t/d capacity, provides oxygen for Sasol’s fuels and chemical production... 

Air seperation units at Sasol Secunda
Air seperation units at Sasol Secunda

Egyptian gas discovery supports Total exploration strategy

By: Schalk Burger     28th July 2020 Energy multinational Total has announced a gas discovery in shallow waters off the Egyptian coast that could deliver an estimated 100-million standard cubic feet of gas a day, as well as up to 800 barrels of condensate a day. "These results support our strategy to allocate a significant share of... 

Transnet Pipelines, law enforcement efforts yielding results

By: Tasneem Bulbulia     28th July 2020 Joint security efforts between Transnet Pipelines and law enforcement authorities continue to yield positive results with more fuel theft arrests, Transnet said in a statement on July 28. Three suspects were arrested in the Mpumalanga province at the weekend after being caught with R1.4-million... 

New coupling introduced to meet updated LPG tanker standard

24th July 2020 As per a Bulletin issued by the Liquefied Petroleum Gas Safety Association of Southern Africa (LPGSASA) and further legislated by the Department of Employment and Labour, Cam-and-Groove type Couplings are no longer permitted for use in gas tanker applications and should be replaced with a... 

Sapia welcomes energy budget speech

By: Tasneem Bulbulia     23rd July 2020 Industry organisation the South African Petroleum Industry Association (Sapia) has welcomed the Budget Vote speech delivered by Minister Mmamoloko Kubayi-Ngubane on behalf of Mineral Resources and Energy Minister Gwede Mantashe, earlier this week. The organisation is particularly pleased about... 

Mozambique's $20-billion LNG megaproject 

23rd July 2020   Creamer Media's Chanel de Bruyn speaks to Creamer Media Editor Terence Creamer about the debt financing secured for a $20-billion LNG megaproject in Mozambique and the risks and opportunities this holds for Mozambique and South Africa, 

Mozambique's $20-billion LNG megaproject
Mozambique's $20-billion LNG megaproject

Green Connection welcomes extended period to comment on Total scoping report

By: Marleny Arnoldi     22nd July 2020 Environmental consultancy SLR Consulting, on behalf of Total Exploration & Production South Africa, has granted respondents 30 additional days to comment on the company’s draft scoping report for further oil exploration and drilling in blocks 11B and 12B, along the Southern Cape coast. The... 

AfDB says $400m loan for LNG project in line with Moz country strategy

By: Terence Creamer     21st July 2020 African Development Bank (AfDB) is the latest financial institution to confirm funding for the $20-billion Mozambique Liquefied Natural Gas (LNG) project, which is being developed by a Total-led consortium in northern Mozambique. In a statement, the development finance institution announced that... 

DBSA confirms financing of $120m for giant Mozambique LNG project

By: Terence Creamer     21st July 2020 South Africa’s State-owned Development Bank of Southern Africa (DBSA) has confirmed financing of $120-million for the $20-billion-plus liquefied natural gas (LNG) project being developed by a Total-led consortium in northern Mozambique. On July 17, Total announced the signing of a $14.9-billion... 

DBSA confirms financing of $120m for giant Mozambique LNG project

Renergen to host LNG auction 

By: Marleny Arnoldi     20th July 2020 Emerging natural gas producer Renergen will host South Africa’s first-ever liquid natural gas (LNG) auction. The company has invited interested parties to apply to bid for the allocation of LNG, which will be produced at Renergen’s Virginia gas project, in the Free State.  

Drilling at Virginia Gas project
Drilling at Virginia Gas project

Standard Bank signs $485m financing deal for mega Mozambique gas project 

By: Terence Creamer     17th July 2020 South African banking group Standard Bank confirmed on July 17 that it would contribute $485-million (over R8-billion) in debt finance to the $20-billion Mozambique Liquefied Natural Gas (LNG) project, being developed by a Total-led consortium in northern Mozambique. Standard Bank oil and gas... 

Standard Bank signs $485m financing deal for mega Mozambique gas project

Virtual event to showcase opportunities arising from mega Moz gas projects 

By: Terence Creamer     16th July 2020 A virtual event is being planned for early August to expose South African companies to the opportunities that are likely to arise directly from the mega-scale liquefied natural gas (LNG) projects that are starting to take shape in northern Mozambique, as well as various associated projects,... 

Virtual event to showcase opportunities arising from mega Moz gas projects

Energy projects in Africa remain challenging, but signs of hope emerging

By: Donna Slater     15th July 2020 Renewable energy projects in Africa will be significantly affected by the prevailing Covid-19 pandemic, resulting in construction site disruptions, delays and difficulties in getting equipment and components across borders which have different levels of restriction on the movement of people and... 

Powerships can help Eskom save R28bn a year, says Karpowership 

By: Marleny Arnoldi     15th July 2020 The Council for Scientific and Industrial Research and the Department of Minerals and Energy have estimated that Stage 2 load-shedding costs the economy R150-million an hour. This is posing a threat to South Africa’s economic recovery from Covid-19 and it is critical to fast-track emergency... 

Renergen bringing LNG fuel alternative to South Africa 

By: Simone Liedtke     15th July 2020 The current global recession is accelerating the transformation to cleaner energy sources and the use of liquefied natural gas (LNG) in transport owing to the need to reduce costs by as much as possible. Within this context, emerging natural gas and helium producer Renergen CEO Stefano Marani... 

The compression station at Renergen's Virginia gas project, in the Free State.
Renergen CEO Stefano Marani gives some insight in to how accepting South Africa is of LNG, and whether or not there is an actual demand. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Opec+ oil tensions ease after Saudis speak to Iraq and Nigeria

By: Bloomberg     14th July 2020 Saudi Arabia commended Iraq for implementing almost all its pledged oil-production cuts and Nigeria told the kingdom it was committed to hitting its target, in further signs that disputes among Opec+ members over cheating of quotas are being resolved. Saudi Energy Minister Prince Abdulaziz Bin... 

IEA warns oil demand recovery at risk from virus resurgence

By: Bloomberg     10th July 2020 The International Energy Agency bolstered its outlook for global oil demand, but warned that the recovery could be derailed by the resurgence of coronavirus. A collapse in fuel consumption during the second quarter was slightly less severe than previously estimated, and demand should rebound... 

Afrox assures public there are sufficient supplies of medical oxygen  

By: Marleny Arnoldi     10th July 2020 Gas supplier Afrox has assured the public that there is no shortage of medical oxygen in South Africa, contrary to what some media reports may have suggested. Afrox, as the sole supplier of medical oxygen to State hospitals and clinics, as well as to privately owned hospitals and clinics, is... 

Renergen CEO discusses company, project investment case

By: Simone Liedtke     9th July 2020 JSE- and ASX-listed Renergen is aiming to supply between 12% and 15% of the world's helium with Phase 2 of its Virginia gas project, in the Free State. The project is owned by Renergen subsidiary, Tetra4. 

Renergen CEO Stefano Marani
Renergen CEO Stefano Marani

Air Products, partners to develop $5bn hydrogen-powered ammonia facility in Saudi Arabia

By: Marleny Arnoldi     9th July 2020 Gas supplier Air Products, renewable energy developer ACWA Power and NEOM, have signed an agreement for a $5-billion world-scale green hydrogen-based ammonia production facility, powered by renewable energy. The project will produce green ammonia for export to global markets and be jointly... 

Clean energy should be at ‘core’ of Covid-19 stimulus plans – Guterres 

By: Terence Creamer     9th July 2020 United Nations secretary-general António Guterres appealed to governments on Thursday to place the transition from fossil fuels to clean energy at the “core” of their Covid-19 economic recovery spending. Guterres also used the platform created by the International Energy Agency (IEA) Clean Energy... 

United Nations secretary-general António Guterres
United Nations secretary-general António Guterres

First inclined well at Renergen’s Virginia gas project to spud later this month

By: Simone Liedtke     9th July 2020 The first inclined well at emerging domestic natural gas and helium producer Renergen’s Virginia gas project, in the Free State, is expected to spud late in July, and reach the primary target at the base of the Karoo sequence/top Wits formation late in August. This is the company’s first inclined... 

RBR progressing with training operations in Mozambique

By: Donna Slater     7th July 2020 Resource, construction and oil and gas service provider RBR Group, which has operations in Mozambique, reports that its Palma training, labour and general corporate administration operations are progressing, while its Wentworth training and operations base’s refurbishment is reaching... 

Renergen believes Virginia project could relieve global helium shortage woes

By: Simone Liedtke     7th July 2020 Emerging natural gas and helium producer Renergen says its Virginia project, in South Africa’s Free State province, has the potential to be the answer to the world’s helium shortage woes following a recent helium prospective resources report, which confirms that the project has undiscovered gross... 

The compression station at Renergen's Virginia gas project, in the Free State.
The compression station at Renergen's Virginia gas project, in the Free State.

Sasol gives up licence to seek offshore gas in Mozambique

By: Reuters     5th July 2020 South African petrochemicals giant Sasol has opted to give up its licence to explore for gas off the Mozambique coast, the company said on Sunday. "Sasol will return Block 16/19 in its entirety to the Government of Mozambique. To this end, a withdrawal notification has already been sent to the... 

Sasol narrows immediate asset-disposal focus to ‘top ten’ list 

By: Terence Creamer     3rd July 2020 Chemicals and energy group Sasol has developed a list of ten major assets that will be prioritised for sale in the coming weeks and months as it moves to streamline the business into what is being termed ‘Sasol 2.0’, while also raising proceeds to help it reduce a $9.5-billion debt burden. In... 

Sasol CFO Paul Victor
Photo by Creamer Media
Sasol CFO Paul Victor

Mantashe starts oil supply arrangements as some shortage from Astron is expected

By: Marleny Arnoldi     3rd July 2020 Mineral Resources and Energy Minister Gwede Mantashe says his deparment will soon convene meetings with oil companies to ensure alternative supply arrangements are put in place, considering some fuel shortages are expected from Astron Energy's Milnerton refinery. Mantashe notes in a statement... 

Sasol confirms Rompco pipeline sale ‘well advanced’ as asset disposal process kicks into gear 

By: Terence Creamer     1st July 2020 Chemicals and energy group Sasol confirmed on July 1 that the sale of its equity interest in the Republic of Mozambique Pipeline Investment Company (Rompco) and the Central Termica de Ressano Garcia gas-fired power plant, also in Mozambique, were well advanced, along with partnering discussions... 

 Sasol confirms Rompco pipeline sale ‘well advanced’ as asset disposal process kicks into gear

South Africa adopts new LPG pricing formula

By: Marleny Arnoldi     1st July 2020 The Department of Mineral Resources and Energy has switched to a new formula for calculating official domestic liquefied petroleum gas (LPG) prices. The formula is linked to global energy and commodity price reporting agency Argus’ calculations of freight and logistics costs.  

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