R/€ = 16.68 Change: 0.17
R/$ = 15.57 Change: 0.13
Au 1854.66 $/oz Change: 6.62
Pt 953.50 $/oz Change: 6.00

Oils and Lubricants

Oil still blocked from Nigeria's strife-torn region

3rd April 2003 Oil major ChevronTexaco said it would meet with local government officials in the Nigerian oil town of Warri today to discuss how it could restart production in the oil-rich western Niger Delta, after a serious outbreak of ethnic violence. 

Italian energy group bids for Egyptian assets

3rd April 2003 Italy's biggest oil and gas group, Eni, has bid for natural gas assets in Egypt that energy group Edison had put on sale to help cut debt, an Eni source said yesterday. 

Two new Angolan oil discoveries announced

2nd April 2003 French oil giant TotalfinaElf and Angolan State oil company Sonangol announced yesterday two new oil discoveries in Angola's deep offshore Block 17, taking the total for the block to 15. 

Big oil focus for Nigeria expo

2nd April 2003 The Nigoil 2003 exhibition, taking place between September 24 and 26 in Lagos, Nigeria, is a showcase and conference for West Africa’s oil, gas and petrochemical industries. 

Strife forces new Nigeria oil delay despite truce

28th March 2003 Nigerian unrest forced oil giant Royal Dutch/Shell to announce new delays to shipments yesterday, as foreign oil firms said a truce among warring tribes would spell no quick return to oilfields they fled. 

Obasanjo seeks to intervene in Niger Delta oil crisis

28th March 2003 Nigerian President Olusegun Obasanjo has ordered security chiefs to end clashes in the Niger Delta, which has cut oil output by some 800,000 barrels per day (bpd), sources in his office said Friday. 

Exxon to boost Nigeria output as Delta crisis continues

27th March 2003 US multinational ExxonMobil said yesterday it was ready to increase its Nigerian oil output to help compensate for losses by other producers because of ethnic unrest. 

Iraq, Nigeria oil exports loss to hit US

27th March 2003 Iraq's official oil exports slid 75% in the week ended last Friday, while a military-tribal clash in Nigeria has slashed exports from the fellow OPEC producer, stoking concerns about the impact on US crude supply, analysts said this week. 

Nigerian truce raises hopes for oil region

27th March 2003 Warring tribal factions in Nigeria's oil-rich delta have agreed to halt bloody clashes and should let oil majors restart a huge slice of the OPEC member's shut production, local officials said yesterday. 

New Angolan Refinery

26th March 2003 The new oil refinery is expected to produce 200 000 barrels of oil a day. Production is likely to come on stream in early 2007. 

SA company’s export success reaches Nepal

By: candice haase     21st March 2003 A South African engineering and manufacturing company, Fluidex Engineering, has been exporting transformer oil purification plants since 1985, and regeneration plants since the early 1990s. 

Dual-filtration product is introduced locally

By: candice haase     21st March 2003 The reduction of the wear of automatic transmission and power-steering technology is an area that is fast developing in the automotive sector. 

Make-or-buy decision looms for SA oil

By: Zonika Botha     21st March 2003 With the local refining industry having less than three years to revamp its plants to be able to replace leaded fuel with unleaded fuel, refiners will have to make a decision whether to produce the fuel locally or import it from overseas, South African Petroleum Industry Association director... 

SA oil explorer in a new E Guinea move

21st March 2003 South African-based oil and gas exploration and production group Energy Africa last week announced a farm-out agreement with Chevron Equatorial Guinea, an affiliate of ChevronTexaco, to acquire a 20% interest in Block L, Equatorial Guinea. 

Third train starts at Algerian oilfield

18th March 2003 The third 75 000 barrel per day (bpd) train at Algeria's Ourhoud oilfield has started up, a foreign equity holder said yesterday, indicating peak production of 230 000 bpd may be reached well ahead of the mid-year target. 

Guinea keen to boost oil exploration

18th March 2003 Guinea is keen to step up the search for oil off its Atlantic coast and wants to attract more foreign oil firms to bolster exploration efforts in the poor West African country. 

Durban refinery gets go-ahead to up output 20%

18th March 2003 South African environmental authorities have given the green light to Engen's Durban refinery to raise production by 20% to 150 000 barrels per day (bpd), the refinery said yesterday. 

Petrosa to pay State R1,6bn dividend

18th March 2003 The Petroleum, Oil and Gas Corporation of South Africa (Petrosa) is to pay a special dividend of R1,6-billion to government. 

The state of State oil

By: Jill Stanford     17th March 2003 State oil company PetroSA, formed last year from a merger of synthetic-fuel producer Mossgas, oil production and explor-ation company Soekor and some of the Strategic Fuel Fund operations, hopes to shed its ‘white elephant’ tag and transform itself into an effective vehicle for... 

Petronas buys Mobil business in Sudan

17th March 2003 Malaysia's state oil and gas firm Petronas said on Friday it has completed the purchase of Mobil International Petroleum Corp's Sudan unit to boost its Sudanese operations. 

The state of State oil

14th March 2003 State oil company PetroSA, formed last year from a merger of synthetic-fuel producer Mossgas, oil production and exploration company Soekor and some of the Strategic Fuel Fund operations, hopes to shed its ‘white elephant’ tag and transform itself into an effective vehicle for... 

Decision time for oil sector as 2006 looms

14th March 2003 SOME very important decisions will have to be made by the oil companies on how they are going to meet their post-2006 product requirements says the South African Petroleum Industry Association’s (Sapia’s) 2002 report released earlier this month. 

Spare Opec capacity squeezed – energy agency

13th March 2003 Spare Opec oil production capacity has been squeezed to just half the volume of Iraq's exports, exposing world markets as war looms, the International Energy Agency (IEA) said yesterday. 

Lockerbie deal may see re-entry of US firms into Libya

13th March 2003 US oil companies could be one step closer to restarting their long-mothballed operations in Libya, after the energy-rich nation reportedly reached an agreement with Washington and London this week to accept responsibility for the 1988 Lockerbie bombing. 

Opec seeks to prevent energy shortage in war

12th March 2003 The Opec cartel prepared yesterday to reassure anxious world energy markets that it could prevent an oil shortage during any war on Iraq. 

Energy Africa buys into E Guinea block

12th March 2003 South African-based oil and gas exploration and production group, Energy Africa Limited, has announced that a farmout agreement has been signed with Chevron Equatorial Guinea – affiliate of ChevronTexaco – to acquire a 20% interest in Block L, Equatorial Guinea. 

East Africa seeks energy-exploration investors

7th March 2003 The three East African countries of Kenya, Uganda and Tanzania said this week they would step up efforts to woo oil prospecting companies into the region to find oil so they can cut down on their import bill. 

Sasol expected to report strong results

7th March 2003 South African synthetic fuel producer Sasol is expected to post a small rise in half year earnings when it reports results next week, fuelled by a stronger crude oil price and a weaker rand. 

Norwegian firm in Sao Tome oil deal

6th March 2003 Norway's Petroleum Geo-Services (PSG) has signed a revised offshore oil exploration pact with the African island nation of Sao Tome e Principe, Portuguese news agency Lusa reported. 

SA oil sector worried about future profitability

5th March 2003 The South African oil industry earned operating profits of R5,687-billion in 2001, says the latest South African Petroleum Association (Sapia) report published yesterday. 

IST contract with Kuwait oil-company extended

5th March 2003 Pretoria-based asset management solutions provider MST, which was acquired by the IST Group in December 2002, has had its contract to assist the Kuwait National Petroleum Company (KNPC) with the rollout of a new integrated asset management system initiative extended, to provide KNPC with data... 

War will force Kuwait to cut back oil output

5th March 2003 Kuwait said it would close as much as a third of its oil output if war erupts in Iraq, underlining concerns that more than just Iraqi supplies will be stopped during a conflict. 

Chad oilfield due onstream ahead of plan mid-2003

3rd March 2003 An oilfield being developed in Chad by an ExxonMobil Corporation-led group will come onstream six months ahead of schedule in mid-2003, the company said on Friday. 

Oil refinery backs supplier empowerment

28th February 2003 Black economic empowerment (BEE) has been taken a step further at Engen’s Durban oil refinery thanks to two of its service providers joining forces to form BRG5M. 

Oil explorers announce well extension in E Guinea

27th February 2003 Independent oil company Amerada Hess Corporation said an appraisal well extended an earlier discovery in its prolific holdings offshore Equatorial Guinea. 

Nigerian firms allocated 24 marginal oilfields

26th February 2003 Nigeria allocated 24 marginal oilfields to indigenous firms on Monday, under its plan to encourage local expertise in the country's mainstay industry. 

$3bn Angola oil project begins

21st February 2003 US oil major Exxon Mobil unit, Esso Exploration Angola, this week started construction of a $3-billion offshore project expected to recover nearly a billion barrels of oil, the firm said. 

Nigerian government meets oil strike leaders

20th February 2003 Nigeria's Department of Petroleum Resources (DPR) began talks yesterday with union leaders on ending a strike by its senior staff who monitor oil loadings, officials said. 

5 6 7 8
10 11 12 13
RSS Feed


Engineering News is a product of Creamer Media.

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa

Read more


We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store


Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
Subscribe Now
Free daily email newsletter Register Now