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Oils and Lubricants

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. 

Sasol mulls propylene oxide plant

22nd August 2003 South African synthetic fuels producer Sasol said yesterday it was studying producing propylene oxide and propylene glycol ethers at its Sasolburg site, some 100 km south of Johannesburg. 

Exel secures Eskom contract

18th August 2003 After a ten-month audit by Eskom, South Africa’s main electricity utility, Exel Petroleum has won a tender to supply fuel oil to a number of Eskom power stations, including Matla, Majuba, Tutuka, Duvha, Lethabo, Kendal, Matimba, Kriel and Hendrina. 

Statoil to bid for Saudi gas projects

5th August 2003 Norwegian energy group Statoil said yesterday it plans to bid for gas projects in Saudi Arabia, which will come up for tender as part of a major opening of that country's gas industry. 

New oil strike off Angola

4th August 2003 Norwegian energy group Statoil said on Friday that more oil had been found in ExxonMobil operated block 15 off Angola. 

Earthlife prepares case against first PBMR

By: Martin Czernowalow     1st August 2003 To comply with new government regulations, the National Petroleum Refiners of South Africa (Natref) refinery, in Sasolburg, is required to upgrade and modify its processes to produce low-sulphur diesel and unleaded petrol. 

Energy Africa seeks growth through exploration

By: Martin Czernowalow     1st August 2003 South African oil company Energy Africa’s exploration and appraisal programme has potential to contribute to significant further growth in the company within the coming months, chairperson Datoc Idris Mansor said at the company’s annual general meeting, in Cape Town, this week. 

Oil groups to raise E Guinea field’s capacity

1st August 2003 Participants in the offshore Zafiro oilfield in Equatorial Guinea have boosted production capacity by 37%, to 300 000 barrels per day (bpd), US energy producers said. 

Chad-Cameroon oil line flowing

30th July 2003 A Chad-to-Cameroon oil pipeline, the first oil duct to ever be partly financed by the World Bank, began flowing last week its operator said on Monday. 

BP in Angola ultra deepwater oil find

29th July 2003 Oil major BP yesterday announced it had struck oil at the Saturno field in Block 31 in ultra-deepwaters off Angola. 

Offshore Australia well hits oil- BHP Billiton

24th July 2003 The world's largest diversified miner, BHP Billiton, said yesterday its Ravensworth-1 exploration well offshore Western Australia had made a "small to medium" oil discovery. 

Chad-Cameroon oil pipeline due online

16th July 2003 Oil from impoverished Chad should have begun flowing through a pipeline to Cameroon yesterday as part of a project led by US giant ExxonMobil, officials in Cameroon said. 

ChevronTexaco agrees Nigeria deepwater partners

16th July 2003 Oil major ChevronTexaco has reached agreement on its partners in a large Nigerian deepwater oil block, the company said on Monday. 

New offshore field production

16th July 2003 New offshore field production in Nigeria French oil major Total said yesterday it was starting production at its Amenam/Kpono oilfield offshore Nigeria. 

Algeria trims oil exports

14th July 2003 Algeria cut crude exports by about 100 000 barrels a day in July, but remains well above its official quota, market sources said on Friday. 

Impoverished Chad starts pumping oil

11th July 2003 Impoverished Chad said on Wednesday it had begun pumping oil from a project led by US giant ExxonMobil that it hopes will revolutionise a subsistence economy of small farms and wandering cattle herds. 

Canadian oil group discovers big Nigeria reserve

9th July 2003 Nexen, Canada's No. 4 oil explorer and producer, said on Monday two of its recent discoveries off Nigeria had large recoverable reserves, including one with at least 300-million barrels. 

Oil prices watch as Nigeria strike continues

8th July 2003 US oil prices slipped on Monday in catch-up play with the London market, but held above $30 a barrel as a general strike in Nigeria entered a second week, threatening crude exports from the Opec member. 

SA firm mulls Nigerian oil exploration

By: Deborah Spicer     4th July 2003 A local firm may become involved in Nigerian oil exploration if a deal with the licence holders of an oil-producing block and Exxoteq – the South African subsidiary of Exxoteq Corporation of the United Arab Emirates (UAE) – is concluded, discloses Exxoteq MD Gerhard Brink. 

Indonesia says Opec likely to keep output unchanged

4th July 2003 Indonesia said yesterday the Opec producers' cartel was likely to leave official crude production limits unchanged when it meets at the end of July if oil prices stayed at current levels. 

Asian refiners see no immediate effect from Nigeria

4th July 2003 Asian oil refiners and traders said a Nigerian union's threat to shut down the country's oil exports was unlikely to leave the region short of crude, but it could cause logistical headaches. 

Energy agency says high oil price hurting economy

3rd July 2003 The head of the West's energy watchdog, the International Energy Agency (IEA), said yesterday that current high oil prices were partly to blame for sluggish world economic growth. 

Nigeria gears up for big energy showcase

2nd July 2003 World events such as the Iraqi invasion, the Sars virus and market jitters that forced the postponement of the Powergen Electrotex Nigeria Exhibition and Conference earlier in the year has been a blessing in disguise, says John Thomson of South African Organisers Exhibition Management Services... 

Oil prices ease after big jump

2nd July 2003 World oil prices eased yesterday after a sharp jump the day before as a tropical storm in the Gulf of Mexico passed off without harm to oil and gas output. 

BHPB in new Gulf of Mexico oil strike

1st July 2003 Australian resource giant BHP Billiton yesterday announced that it had made an oil discovery at its second exploratory well on the Chinook prospect in the ultra-deepwater Gulf of Mexico. 

Nigeria oil strike starts

1st July 2003 World oil prices rose yesterday following a nationwide strike in Nigeria, which could threaten crude supplies from the world's eighth-biggest exporter. 

PetroSA on BEE roadshow

By: Martin Czernowalow     1st July 2003 South Africa’s national oil company, PetroSA, yesterday began a series of roadshows to inform interested parties of its plans to sell a 9% share in its Sable Mining Lease project, located south-west of Mossel Bay. 

Canadian oil firm in Alaskan foray

25th June 2003 Talisman Energy launched its first foray into Alaskan oil exploration on Monday with a deal to join TotalFinaElf in drilling in the National Petroleum Reserve Area of the North Slope. 

Shell urges 'finger pointing' of Nigerian crude

25th June 2003 Shell Nigeria, which says it is losing substantial volumes of Nigerian crude to thieves, is seeking certification or "finger printing" of Nigerian blends for easy tracking, officials said yesterday. 

Statoil buys BP gas stakes in Algeria

24th June 2003 Statoil ASA, Norway's biggest energy firm, said yesterday it had agreed to buy gas assets in Algeria from BP for $740-million to keep growth going as its North Sea base matures. 

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