R/€ = 17.08 Change: -0.12
R/$ = 14.34 Change: -0.11
Au 1776.96 $/oz Change: -1.73
Pt 1073.38 $/oz Change: 35.38


Can Canada's oil-rich Alberta capture a low-carbon future?

By: Bloomberg     7th May 2021 At a research site in rural Alberta, carbon dioxide is injected deep into the ground. Using remote sensors, scientists monitor its movement to ensure the planet-heating gas does not migrate upwards. "Basically, think of ultrasound on bodies – we're doing ultrasound on the earth," said Don... 

Pre-paid electricity consumption: the connection section

6th May 2021 Prepaid electricity consumption is a sensible option for many people, under a number of different circumstances: for the home or business owner, for the tenant, for the owner of an Airbnb property, for example. But how do you know what to look for when you first set out to share in the benefits... 

Future of oil refining in South Africa highly uncertain 

By: Terence Creamer     30th April 2021 South Africa’s oil refinery sector is expected to undergo significant changes in the coming five years, with Engen having already indicated that it will repurpose its refinery site in Durban as a fuel importation terminal and with global and domestic shifts likely to place significant pressure on... 

Reject incoming Glencore CEO's pay package, advisers recommend 

By: Reuters     16th April 2021 Glencore shareholders should reject a proposed pay package for incoming CEO Gary Nagle at the trading firm's annual general meeting (AGM) this month, proxy advisers Glass Lewis and Institutional Shareholder Services (ISS) have recommended. Glencore announced in December that Nagle would take... 

Davis launches $300m special-purpose entity, invests in Kazakh vanadium project 

By: Mariaan Webb     2nd April 2021 Energy and mining heavyweight Sir Mick Davis on Monday announced the launch of a $300-million special purpose acquisition company (SPAC) as part of his drive to invest in materials and commodities that will enable a shift to a low-carbon economy. Davis’ Vision Blue Resources (VBR) has partnered... 

Karpowership’s record South Africa deal estimated at R218bn

By: Bloomberg     26th March 2021 Karpowership, a unit of the Turkish Karadeniz Energy Group, is on track for its longest contract to date to supply power from vessels to South Africa in a deal worth as much as R218-billion ($15-billion). The company that advertises a “fast, flexible, reliable” solution of floating electricity... 

Shell strikes $926m deal to sell oil assets in Egyptian desert

By: Bloomberg     9th March 2021 Cairn Energy reshuffled its portfolio, selling $460-million of assets in the UK North Sea and buying projects in Egypt’s Western Desert from Royal Dutch Shell. Both deals, announced Tuesday and seen completing in the second half of 2021, follow a pickup in oil and gas acquisitions after 2020’s... 

Eskom, regulator say cracks in Koeberg containment structures not serious

By: Marleny Arnoldi     15th February 2021 The National Nuclear Regulator (NNR) has assured the public that the Koeberg nuclear power station, in Cape Town, is not discharging harmful radiation into the environment. The NNR was responding to media coverage suggesting that the outer shell of the containment building at the power station... 

Rolls-Royce again demonstrates that its engines can run on 100% sustainable fuel

By: Rebecca Campbell     2nd February 2021 UK-based global major industrial technology group Rolls-Royce has carried out the first trials using 100% sustainable aviation fuel (SAF) in an engine developed for business jets. The tests were carried out at the group’s facility at Dahlewitz, in Germany, and came just weeks after it had... 

After pandemic, oil firms even less willing to cover $3.9bn cost of South Africa's clean fuel plan 

By: Reuters     22nd January 2021 After being hit by the pandemic, oil companies in South Africa are unlikely to upgrade refineries to cut sulphur emissions unless the government allows them to pass the costs on to consumers or offers other support, the South African Petroleum Industry Association (Sapia) says. New rules... 

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