R/€ = 19.11 Change: 0.02
R/$ = 16.21 Change: -0.01
Au 1907.80 $/oz Change: 8.66
Pt 881.78 $/oz Change: -8.62

Oils and Lubricants

Half of West Coast block on offer

16th January 2004 An equity interest of up to 50% in Block 3A/4A off the West Coast of South Africa is being farmed out by Sasol Petroleum International. 

Woodside declares W Africa oil find commercial

7th January 2004 Australian oil and gas company Woodside Petroleum declared its Chinguetti oil find off the West African coast commercial yesterday, paving the way for development and sending its shares to a two-and-a-half-year high. 

PetroSA silent on Sable sale

By: Martin Czernowalow     7th January 2004 South Africa’s State-owned oil company, PetroSA, which last year launched a high-profile bid to sell a 9% interest in its Sable oilfield, off the southern Cape coast, is refusing, at this stage, to comment on the status of the transaction. 

ExxonMobil pumps first oil from Xikomba field

5th December 2003 Oil major ExxonMobil has begun pumping its first oil out of the Xikomba field, in deepwater Block 15 offshore Angola, sources at the US company's Angolan affiliate said yesterday. 

Opec unlikely to cut output as prices hold firm

3rd December 2003 Opec producers, bolstered by an upbeat world economy, gathered yesterday for a meeting this week that is expected to defer supply cuts as oil prices hold strong. 

Total mulls second test well in Angola’s Block 32

1st December 2003 French oil giant Total is weighing up drilling a second test well in Block 32 offshore Angola later this year or early in 2004, a spokesperson for the said on Friday. 

New horizons

By: Jill Stanford     21st November 2003 The world’s super majors and key companies are spending billions of dollars a year on exploration and production on the offshore oil and gas fields of West Africa. 

$45-million to be spent on exploration

By: Jill Stanford     21st November 2003 His company has had a busy six months with a high level of exploration and appraisal activity, says Energy Africa MD Rhidwaan Gasant. 

Newly-listed oil company believes in SA’s marginal oilfields

By: Jill Stanford     21st November 2003 Southern Africa is pockmarked by hundreds of oil and gas wells, many of them long since sealed by major oil companies that have shut down the drilling and pumping, and moved on to areas with potentially higher yields. 

Ten years later, this firm has developed into a specialist

21st November 2003 The largest company within SA Five Group, SA Five Engineering, has during the last ten years focused its efforts on developing and perfecting its expertise in project management and construction for the offshore and onshore petrochemicals and oil and gas industry. 

No scaffolding required, says maintenance company

By: Jill Stanford     21st November 2003 Inspection and maintenance company Ropetec is making waves in the offshore oil and gas industry with its access techniques. 

Aluminium smelter partners now tackle offshore projects

21st November 2003 Well known for their successful implementation of aluminium smelter projects, SNC-Lavalin and Murray & Roberts have joined forces to tackle offshore oil and gas projects. 

SA’s offshore potential is still being mapped

By: Jill Stanford     21st November 2003 Since South Africa opened its offshore areas to international investors in 1994, seven exploration leases and eight technical cooperation agreements have been signed. 

Oil: the third scramble for Africa is under way

By: Jill Stanford     21st November 2003 The great powers, mid-range states, African polities and the corporate oil interests of global, regional and local players are all vying for position, privilege and ascendance, a Global Pacific & Partners report on The Third Scramble for Africa written by chairman and CEO Dr Duncan Clarke claims. 

Heavy metal fight

By: nkolola halwindi     7th November 2003 Additive manufacturer and supplier Ethyl Corporation has refuted recent media reports alleging that the organic metallic compound methylcyclopentadienyl manganese tricarbonyl (MMT) causes damage to vehicles components, indicating that the reports are untrue and unsubstantiated. 

IFC approves investments in Caspian oil projects

6th November 2003 The International Finance Corporation, the private sector arm of the World Bank Group, yesterday approved investments in the Azeri-Chirag-Deepwater Gunashli (ACG) Phase 1 oilfield and the Baku-Tbilisi-Ceyhan (BTC) pipeline. 

SA oil explorer to accelerate drill programmes

4th November 2003 South African-based oil and gas exploration and production company Energy Africa yesterday reported sustained production levels and continued cash generation for the six months ended September 30, 2003. 

Exxon finds two new wells in Angola's Block 15

3rd November 2003 ExxonMobil Corporation has made two new oil discoveries in deepwater Block 15 offshore Angola, its Angolan affiliate Esso Exploration Angola (Block 15) and state oil firm Sonangol said at the weekend. 


By: Martin Creamer     31st October 2003 Sasol Oil intends modelling its retail fuel brand on that of the highly-successful US QuikTrip, Engineering News can today report. 

Vision for petroleum company of future

By: Martin Creamer     31st October 2003 An enlightened approach to business processes with enabling technologies can dramatically improve downstream company competitiveness. 

'Africa to supply 20% of world oil by 2010'

24th October 2003 Nearly 20% of global oil consumption will be sourced from sub-Saharan Africa by 2010, a senior ChevronTexaco official said on Wednesday. 

PetroSA to co-sponsor ‘Oil Olympics’

By: Martin Czernowalow     24th October 2003 South Africa’s national petroleum agency, PetroSA, said yesterday it would host and cosponsor the 18th World Petroleum Congress (WPC) in September 2005. 

Post-war growth pushes Angola’s fuel demand

21st October 2003 Demand for petroleum products in Angola should grow five-fold over the next ten to 20 years as the oil-rich country rebuilds its economy after decades of war, a top Angolan industry official said yesterday. 

Countering filter contaminants

By: Steven Chiaberta     17th October 2003 Many filters are prematurely blocked because of problems associated with water contamination. ?This is the view of hydraulics director Philip Johnson of the multinational filter technology company Donaldson. 

Malawi seeks partners for oil exploration

By: Marcel Chimwala     17th October 2003 Malawi – The Malawian government is scouting for foreign companies or agencies to join hands with it to carry out an exploration exercise for oil and other gases in the Lake Malawi and lower Shire Valley area. 

Post-2007 uncertainty on oil, gas tax regime

By: nkolola halwindi     10th October 2003 Although the OP26oil and gas taxation regime which incorporates the 1977 Income Tax Act is old, it is more favourable and attractive to the industry than the provisions which apply under the current Income Tax Act observes David Clegg, partner in the Ernst & Young oil and gas taxation group. 

Angola's Sanha to hit 100 000 b/d by 2007

8th October 2003 US oil giant ChevronTexaco expects its Sanha oilfield in Angola to produce 100 000 barrels a day by 2007, a senior official at its subsidiary CABGOC said on Monday. 

Angolan oil refinery project faces funding difficulties

26th September 2003 Plans to build a flagship oil refinery in Angola are in trouble over financing, a government-owned newspaper reported on Thursday. 

Nigeria plans to issue emergency fuels tenders

26th September 2003 Nigeria is planning to issue emergency tenders for the purchase of vital motor fuels to avert any shortages after suspending the formal award of billon-dollar contracts in the wake of an anti-corruption probe, industry sources said on Thursday. 

Opec set to keep oil taps on hold ahead of winter

24th September 2003 Opec oil producers prepared yesterday to weather a downturn in crude prices by keeping output limits unchanged for the rest of the year. 

SA firm in Qatar methanol deal

16th September 2003 State-owned Qatar Petroleum and South Africa’s PetroWorld have signed heads of agreement for the development of a large-scale fuel grade methanol project. 

SA women seek oil opportunities in Qatar

By: laurian clemence     15th September 2003 Minerals and Energy Minister Phumzile Mlambo-Ngcuka left South Africa for Qatar on Friday, leading a delegation, comprising mostly of women, which is keen to establish business ties in the Middle Easter country, particularly in the energy sector. 

New division seeks to improve equipment performance

By: candice haase     12th September 2003 In efforts to enhance productivity among its clients, the local operation of global mechanical seals manufacturer John Crane has created a division called Performance Plus, which seeks to improve the performance of equipment at its clients. 

R1,5-m IT upgrade at Natref completed

12th September 2003 Information technology (IT) services and solutions provider, arivia.kom, together with its implementation partner Lehae Technologies, an empowerment IT company, has completed a R1,5-million upgrade of the local area network (Lan) at National Petroleum Refiners of South Africa (Natref) in... 

2006 cleaner fuels deadline looms

By: zeena isaacs     12th September 2003 South Africa’s oil refineries face a number of challenges in the near future, due to the estimated R10-billion to R15-billion price tag to convert production to unleaded petrol, the oversupply of petrol stations locally, the new Petroleum Retail Act and the future of hydrogen-powered vehicles. 

Lesley Crawford, Wearcheck Africa

12th September 2003 Full name: Lesley Marilyn Rhodes Crawford Position: MD of the Wearcheck Africa Division of Set Point Technology since July 2002 Main activity of the company: Condition monitoring of fixed and mobile plant through the analysis of used lubrication oils Date and place of birth: September 11, 1945,... 

Statoil aims for 100 000 b/d in Angola

2nd September 2003 Norwegian oil and gas group Statoil aims for its holdings in fields offshore Angola to produce 100 000 barrels a day (b/d) of crude oil in the future, daily Aftenposten reported yesterday. 

Ibhubesi field set for new drill campaign

By: Jill Stanford     29th August 2003 The Ibhubesi Gas Group comprising Forest Oil, PetroSA, Anschutz and Mvelapahanda, which holds an option to join the group, announced yesterday that they are to begin a second drilling campaign in the Ibhubesi gas field northwest of Saldanha Bay. 

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