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Oils and Lubricants

Air Products wins Qatar GTL contract

24th June 2003 Gas giant Air Products yesterday announced it had been selected by South African energy company Sasol and Qatar Petroleum as the nominated supplier for an oxygen facility at the Qatar gas-to-liquids (GTL) project in Qatar. 

Past partners cloud Nigeria-Sao Tome oil sale

23rd June 2003 The tiny West African island nation of Sao Tome and Principe faces a tricky sell in its first tender for offshore oil concessions, launched together with neighbouring Nigeria, industry sources said last week. 

Netanyahu says Iraq-Israel oil line not pipe-dream

23rd June 2003 Israeli Finance Minister Benjamin Netanyahu said he expects an oil pipeline from Iraq to Israel to be reopened in the near future after being closed when Israel became a state in 1948. 

Firm sees Africa LNG project rivaling Trinidad

20th June 2003 Marathon Oil wants to turn its foothold in West Africa's Equatorial Guinea into one of the world's biggest natural gas production and export centers, the keystone of plans to create a top-tier gas business. 

Angola’s Kwanza, Namibe blocks remain unwanted

19th June 2003 Angola this week said that seven of its offshore oil blocks have been shunned by international oil firms, a rare event for the producer which has a high success rate in its sought-after deep water acreage. 

PetroSA plans to sell 9% of Sable lease to BEE

By: Martin Czernowalow     18th June 2003 South Africa’s national oil company, PetroSA, yesterday announced its intention to sell a 9% stake in its Sable Mining Lease project to a black economic empowerment (BEE) partner – a deal it aims to conclude before the end of the year. 

R14,4m worth of SA tractors for Zim tobacco growers

13th June 2003 In its biggest single transaction to date, GMG Power, of Isando, Johannesburg, has clinched a deal to supply the Tobacco Growers Trust (TGT), of Zimbabwe, with 101 Same tractors valued at R14,4-million. 

Good prospects for spin-offs from African oil growth

13th June 2003 THE Cape Town delegation to the Off-shore Technology Convention (OTC) in Houston, Texas, has returned with great optimism about the prospects of doing an increasing amount of business with the oil industry operating off the West Coast of Africa. 

OPEC to keep oil output unchanged

12th June 2003 OPEC yesterday said it would agree to hold the line on oil output and push for tighter adherence with existing production limits to defend its $25 crude target. 

Next round of oil, gas prospecting set to start this year

By: Martin Czernowalow     12th June 2003 South Africa’s petroleum exploration and exploitation agency, Petroleum Agency SA, is anticipating large-scale investment in the country when the next round of issuing of exploration licences for the West Coast starts later this year. 

Opec's influence may be waning - BP

11th June 2003 War in Iraq showed oil markets can function in a crisis thanks to OPEC's creation of surplus capacity, but the cartel's actions have lost it market share and its influence may wane anyway, according to energy major BP. 

Angola seeks to boost local business through oil

10th June 2003 Angolan Prime Minister Fernando da Piedade Dias dos Santos has outlined a government strategy to establish partnerships between international and local producers in the oil industry to boost the country's development in various domains. 

IDC to participate in Nigerian oil, gas project

By: Terence Creamer     6th June 2003 A South African consortium, led by development finance institution the Industrial Development Corporation (IDC), is hoping to conclude a deal to set up a R37,5-million oil and gas joint venture in Nigeria during the course of June. 

Angola, Congo set up joint oil zone

6th June 2003 Congo and Angola have set up a joint development area similar to that set up by Nigeria and Sao Tome and Principe, ending a border dispute that had blocked deepwater oil exploration, officials said yesterday. 

Exxon Mobil strikes oil in Angola’s block 32

5th June 2003 Exxon Mobil on Tuesday said oil was discovered at Angola's Block 32, located 102 miles offshore, with its first exploration well there. 

Spanish group wins Libya oil, gas permit

29th May 2003 Libya awarded Spanish oil company Repsol and Austrian oil group OMV a permit to explore for oil and gas as part of an ambitious plan to attract $10-billion foreign investment, officials said yesterday. 

Graft, poor governance threaten Angola's oil boom

26th May 2003 Angola's offshore oil riches will soon propel the country into the million-barrel-a-day club, but corruption and poor governance threaten billions of dollars in future investment, analysts said on Friday. 

400 km Malawi–Moz pipeline deal signed

By: Marcel Chimwala     23rd May 2003 Malawi – Canadian company DiamondWorks has signed a memorandum of understanding (MoU) with the Malawian government to invest in a project to construct a 400 km oil pipeline from the Mozambican Indian Ocean port of Nacala to Liwonde, in the south of Malawi. 

Nigeria oil output hemmed in by ageing facilities

23rd May 2003 Nigeria, Africa's biggest crude oil producer, will not be able to swiftly make up for huge production losses incurred after ethnic violence due to ageing facilities, a company official said yesterday. 

Gulf of Guinea oil scramble focus of Angola meet

21st May 2003 Oil industry leaders converged on the Angolan capital, Luanda, this week for talks on how best to exploit resources from the world's poorest continent where few Africans benefit from its oil wealth. 

Nigeria, Sao Tome set guidelines for new oil blocks

21st May 2003 Nigeria and Sao Tome have drafted bidding guidelines for nine new oil wells they are jointly developing, including a $30-million signature fee per block and a uniform tax rate of 50%, documents showed yesterday. 

Oil major makes new Angola find

16th May 2003 French oil major Total said yesterday it had made a "promising" new oil discovery with the first exploration well drilled in Angola's ultra deep offshore Block 32. 

Zambia to import additional 20m litres diesel

13th May 2003 Zambia has ordered the state-run Indeni Oil Refinery to import an additional 20-million litres of diesel from neighbouring countries to plug an acute supply shortage, a senior official said yesterday. 

Oil spill in Nigerian delta cuts Shell output

13th May 2003 Oil major Shell reported an oil spill from its Ughelli Quality Control Centre (UQCC)/Rapele line in Nigeria's Delta State on Friday that trade sources said was shutting in around 30 000 barrels a day of Forcados output. 

ABB confident of quick oil business sale

12th May 2003 Engineering group, ABB has received offers for its oil, gas and petrochemical business and a deal would come quickly once its asbestos lawsuits are settled, Chairman Juergen Dormann said today, boosting the shares. 

Nigeria calls for full output from oil firms

12th May 2003 Nigeria has told its foreign oil investors to pump at full capacity in June, despite a recent deal with OPEC to curb supply, trading sources said yesterday. 

Total says gets Angola nod for Dalia project

6th May 2003 French oil producer TotalFinaElf said yesterday it had received the green light from Angolan State-owned firm Sonangol to start developing the Dalia oilfield, offshore from the southwest African country. 

New company enters the lubrication industry

2nd May 2003 A new company has been launched by IMS of Johannesburg. 

Transnet in R2,4bn oil empowerment move

By: Martin Czernowalow     24th April 2003 Black economic empowerment (BEE) in South Africa’s petroleum industry received another boost yesterday, with the announcement that 60% of Transnet’s fuel procurement tender has been awarded to BEE enterprises. 

Algeria-Libya venture to auction exploration blocks

23rd April 2003 Algerian Libyan Arab Oil Exploration and Production Company, (ALEPCO) a joint venture between Algeria's Sonatrach and Libya's NOCL, said this week it is offering four oil and gas exploration licences for auction. 

Zambia looks south for crude oil imports

18th April 2003 Zambia is set to purchase 500 000 t of crude oil from South Africa, after severing a contract with a unit of Canada's DiamondWorks, a senior government official said. 

Petronas to drill for oil off Moz

14th April 2003 Malaysian State oil-company Petronas will start drilling for offshore oil and gas in the Zambezi delta of central Mozambique early next year, Mozambique's Minister of Mineral Resources and Energy said. 

Shell restores more Nigerian output

11th April 2003 Oil major Royal Dutch/Shell, Nigeria's biggest producer, said yesterday it had restored another 100 000 barrels per day (bpd) of Forcados crude production, leaving about 200 000 bpd still shut in. 

Nigeria shuts down second refinery

11th April 2003 Nigeria has temporarily shut down a second oil refinery, leaving only two of its refineries still up and running, a spokesman for the national oil body told Reuters yesterday. 

Oil group in slow Nigeria restart

10th April 2003 The Nigerian unit of US oil major ChevronTexaco said this week it was continuing to gradually ramp up oil production at facilities it had been forced to abandon following ethnic clashes last month. 

Saboteurs behind fuel crisis – Nigerian minister

4th April 2003 Nigeria's information minister repeated allegations this week that unnamed saboteurs were behind a six-week-old fuel shortage in Nigeria, which has led to snaking queues at petrol stations and caused severe congestion in major cities. 

Nigerian oil outage far from ending

4th April 2003 Oil majors, forced to shut down almost 40% of Nigerian crude output following ethnic violence, said yesterday they could not estimate when they would restart production in the affected areas. 

ChevronTexaco restarts Nigerian oil output

4th April 2003 Oil major ChevronTexaco said today it had gradually restarted Nigerian production it was forced to shut down 12 days ago because of ethnic clashes. 

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