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Oil & Gas News

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

Food processing industry ideal for biogas production

By: Cameron Mackay     16th August 2019 Industries that produce large quantities of organic waste, such as the food processing industry, are ideal for biogas production, says local waste disposal solutions provider Global Energy director Henry Thomson. The Cape Town-based engineering consulting and turnkey project company provides... 

Food processing industry ideal for biogas production
CONFIDENCE IN BIOGAS Establishing credibility in biogas technology is crucial in implementing more projects

RBR starts training prospective workers for Mozambique LNG projects

By: Simone Liedtke     14th August 2019 ASX-listed RBR Group has started training prospective workers for jobs that will become available at Mozambique’s emerging liquefied natural gas (LNG) projects. As part of its strategy to asses, train and provide workers for the LNG projects, the labour and training specialist has opened a... 

M&R subsidiary Clough USA awarded $620m project  

By: Marleny Arnoldi     12th August 2019 JSE-listed engineering and construction group Murray & Roberts’ subsidiary Clough USA has been awarded a petrochemical engineering, procurement and construction contract in the US, valued at $620-million. The multi-year project signifies Clough USA’s first major contract award and underlines... 

M&R subsidiary Clough USA awarded $620m project

Nigeria's huge Dangote oil refinery delayed until end of 2020 

By: Reuters     12th August 2019 Africa's largest oil refinery will not be finished until the end of 2020 due to problems importing steel and other equipment, executives at Dangote, which is building the facility in the Nigerian commercial hub of Lagos, told Reuters. Nigeria, Africa's most populous nation, imports virtually all... 

Company reduces costs, improves efficiency

9th August 2019 Technical solutions provider BMG’s global fluid sealing products manufacturer Garlock products – along with the company’s technical expertise, on-site maintenance, emission monitoring and repair programmes – ensure reduced operational costs, improved efficiency, minimal downtime and uninterrupted... 

Nigeria's new oil czar wants to open books, turn into fuel exporter

By: Reuters     8th August 2019 Nigeria's state oil company plans to partner with a private refinery under construction on the shores of Lagos to turn the oil-producing country into a fuel supplier for the region, the new boss said in an interview with Reuters. The aim to ink a contract with the Dangote refinery, with a... 

Opinion: How should SA’s gas infrastructure be configured for a least-cost power system? 

By: Tobias Bischof-Niemz     8th August 2019 As outlined in the previous Transition Talk column (see Engineering News July 12–18, page 51), while gas will become more important in South Africa’s future electricity system, its role should not be overstated. Even in the absence of other flexibility options – such as batteries, pumped-hydro... 

Opinion: How should SA’s gas infrastructure be configured for a  least-cost power system?

Renergen appoints EPC contractor for Virginia project

By: Simone Liedtke     7th August 2019 Emerging liquefied natural gas (LNG) and helium producer Renergen has appointed EPCM Bonisana, a subsidiary of EPCM Holdings, as the engineering, procurement and construction (EPC) contractor for its Virginia gas project, in South Africa. The contractor will be responsible for building the gas... 

CBA joins global push to limit emissions by cutting coal exposure by 2030

By: Reuters     7th August 2019 Commonwealth Bank of Australia became the latest company to join a global push to reduce emissions and said it would phase out its exposure to thermal coal or power plants by 2030. The company announced a new environmental and social policy in its annual report released on Wednesday, emphasising... 

Uganda will be able to get oil-pipeline funding, Stanbic says

By: Bloomberg     6th August 2019 Uganda will be able to get the cash it needs to build a planned $3.5-billion oil-export pipeline, with financiers ready to commit funds as soon as a final investment decision is made, according to Stanbic Bank Uganda. The project has attracted “a lot of interest” and raising capital “is not a... 

Oil needs to fall below $20 to compete in transport's future 

By: Bloomberg     5th August 2019 Wind and solar power can produce seven times more useful energy for cars, dollar for dollar, than gasoline with oil prices near current levels, according to BNP Paribas. Oil will have fall to $9/bl to $10/bl in the long term in order for gasoline cars to remain competitive with clean-powered... 

Kosmos Energy sees Mauritania, Senegal deal by year-end

By: Reuters     5th August 2019 Oil and gas explorer Kosmos Energy expects to have agreed by the end of this year to sell down its stake in projects off the coast of Mauritania and Senegal in which it partners with BP, Kosmos said on Monday. In December, BP and its partners gave the green light for the development of the large... 

Policy certainty to create investment and opportunity

By: Theresa Bhowan     2nd August 2019 The Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill, which was expected to be presented before Cabinet will now, as requested by the industry, be separately presented as the Petroleum Development Bill and should, if the final terms are commercially attractive, encourage... 

Policy certainty to create investment and opportunity
NIALL KRAMER South Africa has the potential to be the next big frontier in oil and gas

Oil prices to increase projects for shipyard

By: Theresa Bhowan     2nd August 2019 The upturn in oil prices is apparent, as shipyard and ship repair company Elgin Brown and Hamer (EBH) Namibia’s shipyard is currently full to capacity, with predictions that the next six months are going to be extremely busy for the shipyard. 

Oil prices to increase projects for shipyard
A GRADE The welding done on ships and rigs is inspected by an internationally certified third party which guarantees the quality of the work

China's CNOOC says it aims to take a stake in Ugandan oil pipeline

By: Reuters     26th July 2019 Chinese oil firm China National Offshore Oil Corporation (CNOOC) aims to take a stake in an oil pipeline being developed to export Ugandan crude, the firm said on Friday. Uganda discovered crude oil reserves about 13 years ago but commercial production has been delayed partly because of a lack of... 

Gas to flourish in short to medium term

26th July 2019 Evidence suggests that the natural gas market boom is likely to continue in the short to medium term, alludes trade insurance firm Coface sector economist and statistician Khalid Ait-Yahia. Natural gas is a convenient way to produce energy, owing to its abundant supply, versatility, and the fact... 

Gas to flourish in  short to medium term
IN THE PIPELINE There are still viable uses for gas and the trend should continue for the short to medium term

Cleaner and quieter generators now available

By: Halima Frost     26th July 2019 Supportable power generation solutions provider SustainPower has partnered with industrial generator manufacturer Pramac to provide clean and quiet standby power with its liquid petroleum gas (LPG) and natural gas (NG) generators for South Africa. The partnership was announced at the Africa... 

Cleaner and quieter generators now available
CAN IT Containerised gas generators offer mobile solutions and easy setup

Combustion provider goes green to boost projects

By: Halima Frost     26th July 2019 The ever-increasing need for industry to be greener and reduce emissions has led to more projects being awarded to local oil and gas burner technology provider Combustion Technology. “The ability to supply numerous gas-fired burners and steam boiler plants to the South African market has been... 

Combustion provider goes green to boost projects
BREWING BETTER The recently converted burner at South African Breweries has improved output and efficiency

Gas earmarked as notable power source in sub-Saharan Africa

By: Halima Frost     26th July 2019 Gas is positioned to be a notable contributor to an increased electrification access rate in Sub-Saharan Africa, says multinational conglomerate GE Gas Power sub-Saharan Africa commercial executive, Nosizwe Dlengezele-Motsitsi. She tells Engineering News that gas could also potentially replace... 

Gas earmarked as notable power source in sub-Saharan Africa
PLANE TECH Aeroderivative gas turbines were borne from jet engine technology developed by GE Aviation

Virtual Gas growing its network

26th July 2019 Natural gas solutions provider CNG Holdings’ delivery subsidiary, Virtual Gas Network, is currently delivering uninterrupted supplies of liquid natural gas (LNG) to its customers equivalent to 736 400 ℓ of diesel for each site. This is achieved through the efficient road distribution system which... 

Virtual Gas growing  its network
FAST AND FUEL-IOUS An ever growing gas network allows for more clients to convert to the cheaper and cleaner natural gas option

UK Supreme Court to hear Nigerians' case for pursuing Shell spill claim in England

By: Reuters     24th July 2019 The Supreme Court in London will hear an appeal by Nigerian farmers and fishermen to pursue claims in England against oil major Shell over oil spills in the Niger Delta, lawyers for the two affected communities said on Wednesday. The decision to hear the appeal re-opens the possibility for... 

UK Supreme Court to hear Nigerians' case for pursuing Shell spill claim in England

Nigeria's NNPC secures $3.15bn to develop oil mining licence

By: Reuters     23rd July 2019 Nigeria's State oil company has secured $3.15-billion from Sterling Oil Exploration and Energy Production Company Limited to develop oil mining licence 13, it said in a statement on Twitter on Tuesday. OML 13 is a wholly owned asset of NPDC, the upstream subsidiary of Nigerian National Petroleum... 

Transnet and IFC team up in effort to catalyse Richards Bay LNG PPP  

By: Terence Creamer     23rd July 2019 The International Finance Corporation (IFC) has made a $2-million cost-sharing commitment to support the completion, by Transnet, of a feasibility study into the development of a liquefied natural gas (LNG) storage and regasification terminal at the Port of Richards Bay, in KwaZulu-Natal by 2024.... 

Transnet and IFC team up in effort to catalyse Richards Bay LNG PPP
In this video, IFC and Transnet officials outline the central role that the private sector is expected to play in the construction and operation of new liquefied natural gas (LNG) infrastructure at the Port of Richards Bay, in KwaZulu-Natal. The proposed project is the subject of a feasibility study that is being jointly funded by the two organisations. It is proposed that the LNG infrastructure be developed by a private-sector-led special purpose vehicle, which will emerge following a competitive bidding process. Camera Work & Editing: Darlene Creamer. Recorded: 23.7.2019

PIC lost $333m through 'poor investment' in Erin Energy

By: Bloomberg     23rd July 2019 The former head of Africa’s largest money manager said the company lost $333-million after a “poor investment” in Erin Energy Corporation, accusing the US oil explorer of deliberately withholding information about its prospects ahead of a listing in Johannesburg. South Africa’s Public Investment... 

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