http://www.engineeringnews.co.za
R/€ = 14.21 Change: 0.13
R/$ = 11.57 Change: 0.11
Au 1328.17 $/oz Change: 6.21
Pt 995.00 $/oz Change: 7.19
 

Energy News

Angola opens up fuel imports with first major tender – sources

By: Reuters     24th January 2018 Angolan state oil firm Sonangol has issued its first public tender to buy refined products to widen its import base, market sources who have seen the tender said, in a sign the country is committed to reforming its oil industry. For years OPEC member Angola has largely relied on commodities... 

Sasol says higher oil price, if sustained, bodes well for H2

By: Terence Creamer     23rd January 2018 Chemicals and energy group Sasol indicated on Tuesday that its second-half results would be positively affected should the recent rise in oil prices to levels approaching $70/bbl be sustained for the remainder of its financial year, which runs to June 30. In a trading statement for the six months... 

Sasol says higher oil price, if sustained, bodes well for H2

Nigeria's Oando and key shareholder settle long-running dispute

By: Reuters     23rd January 2018 Nigerian oil company Oando said on Monday it had settled a squabble with a key shareholder and was working on resolving remaining shareholder disputes and getting a suspension of its shares lifted. The company said it has addressed issues raised by Dahiru Mangal, ending a drawn-out conflict, and... 

Saudi energy minister: oil producers have consensus on cooperating after 2018

By: Reuters     22nd January 2018 Organisation of Petroleum Exporting Countries (Opec) and non-Opec oil producers have a consensus that they should continue cooperating on production after the end of 2018, when their current agreement on production cuts expires, Saudi Arabian energy minister Khalid al-Falih said on Sunday. If oil... 

Nigeria passes major oil reform bill after 17 year struggle

By: Reuters     19th January 2018 Nigeria has moved closer to turning an oil industry bill into law after a 17 year struggle to complete the legislation which aims to increase transparency and stimulate growth in the country's oil industry. Nigeria' lower house of parliament has passed a version of the bill which is the same as... 

Nigeria lawmakers look into recovering $21bn revenues from oil groups

By: Reuters     19th January 2018 Nigerian lawmakers ordered an investigation on Thursday into whether the government could recover $21-billion in revenues from international oil companies. Oil minister Emmanuel Ibe Kachikwu said in December the government had failed to enforce a legal provision entitling it to a greater share of... 

UK announces further funding for small modular nuclear reactor programme

By: Keith Campbell     19th January 2018 The British government last month announced the next phase in its programme of funding the development of small modular nuclear reactors (SMRs), which forms part of a larger programme to develop the nuclear technology and energy sector in the UK. This phase will see Westminster awarding up to... 

Sasol service stations attract largest number of visitors, survey reveals

By: Irma Venter     19th January 2018 Sasol service stations are attracting the most feet per service station in South Africa, with Shell service stations in second position. Engen, with its much larger service station footprint, attracts more visitors, in total, than any other brand. 

Nigeria moves closer to turning long-awaited oil bill into law

By: Reuters     18th January 2018 Nigeria moved closer to turning the first part of a long-awaited oil industry bill into law after the lower house passed the same version of the legislation approved by the Senate last year, a lawmaker in the House of Representatives said on Thursday. It is the first time both houses have... 

Congo Republic plans to join Opec oil cartel

By: Reuters     18th January 2018 Congo Republic plans to join the Opec oil cartel, the government said, as the former French colony presses ahead with projects that could help it become the third-largest oil producer in sub-Saharan Africa. "The Republic of Congo has decided to accede to the Organization of the Petroleum... 

Niger Delta Avengers say they will attack Nigeria's oil sector within days

By: Reuters     17th January 2018 Nigerian militant group Niger Delta Avengers said on Wednesday it planned to launch attacks on the country's oil sector in the next few days. The group claimed responsibility for most attacks on oil facilities in the Niger Delta in 2016, which cut Nigeria's crude production from a peak of... 

Global competition aims to promote start-ups in energy innovation

By: Anine Kilian     16th January 2018 Start Up Energy Transition (SET), an international platform promoting innovation in energy transition, is accepting applications for global start-ups to pitch in Berlin, at the SET Tech Festival, and get featured as a top global start-up company with the World Energy Council. The SET award is a... 

More fuel price relief for SA motorists – AA

By: News24Wire      15th January 2018 Fuel prices are set for month-end decreases, this is according to the Automobile Association (AA) commenting on mid-month fuel price data released by the Central Energy Fund. The AA said: "The Rand/US dollar exchange rate has had one of its flattest periods of trading in recent times. It has... 

More fuel price relief for SA motorists – AA

Sinopec commits to R6bn upgrade of Chevron South Africa refinery as buyout deal gathers pace

     11th January 2018 Chinese oil company China Petroleum and Chemical Corporation (Sinopec) has undertaken to invest R6-billion to upgrade and modernise Chevron South Africa’s (CSA’s) Cape Town-based oil refinery, if it succeeds in its bid to acquire control of CSA. 

Sinopec commits to R6bn upgrade of Chevron South Africa refinery as buyout deal gathers pace

Africa Energy Indaba partners with SAEEC

By: Anine Kilian     9th January 2018 The Africa Energy Indaba (AEI) has entered into a strategic partnership with the South African Electrotechnical Export Council (SAEEC) to grow and develop the African energy sector with SAEEC member companies.   The SAEEC is a public–private partnership between South African business and the... 

Fuel prices to drop in January

By: African News Agency      2nd January 2018 The price of fuel products will drop with effect from midnight on Tuesday, according to the energy department. Petrol 93 octane ULP (unleaded) and LRP (lead replacement) will drop by 29 cents a litre (c/ℓ), petrol 95 ULP and LRP by 34 c/ℓ, diesel 0.05 percent sulphur by 22 c/ℓ, and diesel 0.005... 

Fuel prices to drop in January

Oil and gas firm Efora says deal to buy Belton Park lapses

By: African News Agency      2nd January 2018 Oil and gas company Efora Energy said on Tuesday its agreement to acquire the assets and operations of Belton Park Trading 134 had lapsed after outstanding conditions were not fulfilled. In October, Efora said it was buying Belton Park, which markets and sells petroleum products for an aggregate... 

Oil and gas firm Efora says deal to buy Belton Park lapses

Group Five expects material earnings impact as Kpone drags

By: Megan van Wyngaardt     19th December 2017 Owing to a number of delays at construction company Group Five’s $410-million independent gas- and oil-fired combined cycle power plant Kpone contract in Ghana, the company expects to report an impact on its group earnings and cash in the first half of 2018. The company was contracted to design,... 

Proposed carbon tax ‘least-cost manner’ to ensuring greenhouse-gas reduction – Treasury 

By: Schalk Burger     15th December 2017 The National Treasury released the Second Draft Carbon Tax Bill for public comment on Friday and averred that it “seeks to give effect to the polluter pays principle . . . and will assist, in a least-cost manner, in reducing greenhouse-gas (GHG) emissions and ensuring that South Africa meets its... 

Busa raises red flag over lack of IRP consultations

By: Creamer Media Reporter      15th December 2017 Business Unity South Africa (Busa) on Friday said it was concerned over a lack of consultation on the final draft of the updated Integrated Resource Plan (IRP), which was approved by Cabinet last week. The IRP determines South Africa’s long-term electricity demand and details how the demand... 

Busa raises red flag over lack of IRP consultations

Alternative fuel and vehicle technologies viable, necessary for SA

By: Tasneem Bulbulia     15th December 2017 Different fuel and vehicle technologies will be required for a successful and sustainable transition to a low-carbon future, and how the transport sector evolves amid growing global demand for energy will have a significant impact on efforts to address climate change, indicates energy giant Shell... 

CGS discovers fresh water resource in Beaufort West 

By: African News Agency      13th December 2017 An unprecedented discovery of a fresh water resource has been found in Beaufort West, Western Cape, the Department of Mineral Resources said on Tuesday.  According to the department, the resource was discovered by the Council for Geoscience (CGS), a statutory science council reporting to the... 

Kosmos Energy to plug offshore Mauritania well

By: Reuters     12th December 2017 Kosmos Energy said it would plug one of its exploration wells offshore Mauritania after it failed to find significant amount of oil and gas. Evaluation of logs and samples collected during drillingand wireline operations suggests the Campanian reservoir objective was water-bearing with some... 

DA consulting lawyers on legality of energy blueprint

By: African News Agency      11th December 2017 The Democratic Alliance said on Monday it was taking legal advice on the approval of government’s new Integrated Resource Plan (IRP), which envisions nuclear procurement. Democratic Alliance energy spokesperson, Gavin Davis, said the apparently rushed approval of the policy blueprint with no... 

Electric vehicle growth puts pressure on nickel supply

By: Robyn Wilkinson     8th December 2017 Global research and consultancy firm Wood Mackenzie estimates that nickel demand for electric vehicle (EV) batteries will increase from about 40 000 t in 2016 to 220 000 t in 2025, as demand for hybrid, plug-in and full EVs grows in developed countrie 

Electric vehicle  growth puts pressure on nickel supply
SEAN MULSHAW An increase in demand for passenger electric vehicles will be driven predominantly by the Asia-Pacific region – especially China – as well as Europe and North America

Zuma promises ‘seamless’ ANC transition at energy indaba that sidesteps IRP debate 

By: Terence Creamer     7th December 2017 President Jacob Zuma used his address at the Energy Indaba, taking place in Johannesburg this week, to assure business and investors that the upcoming African National Congress (ANC) elective conference would be “orderly and peaceful”, while promising a “seamless” handover to the new ANC... 

Zuma promises ‘seamless’ ANC transition at energy indaba that sidesteps IRP debate
President Jacob Zuma and Energy Minister David Mahlobo

Total, Sonangol sign new project pipeline agreements

By: Schalk Burger     5th December 2017 Oil and gas multinational Total and Angola State-owned oil company Sonangol have signed various agreements to jointly develop new upstream and downstream projects. Total chairperson and CEO Patrick Pouyanné on Monday held an audience with Angolan President João Lourenço and Sonangol chairperson... 

Vivo to gain 300 stations in 9 African countries in Engen share transaction

By: Schalk Burger     5th December 2017 Petroleum and energy company Vivo Energy, which represents oil multinational Shell’s brand of fuels and lubricants in Africa, will gain 300 service stations across nine African countries after it agreed to buys shares in oil multinational Engen International Holdings from Engen Holdings in... 

Total gains momentum in renewable energy sector

By: Anine Kilian     4th December 2017 Petroleum product manufacturer Total has become an indirect shareholder in Total Eren, formerly called Eren Renewable Energy, with a 23% interest. This follows approval of the transaction by the French competition authorities, as well as the consent of all involved stakeholders. 

Second Norway-South Africa Science Week to stimulate oceans science and economy 

By: Schalk Burger     1st December 2017 The second Norway-South Africa Science Week will provide a platform for scientists, researchers, civil servants and business people from both countries to share best practices and policies to promote the sustainable use of ocean resources. Norwegian ambassador to South Africa, Botswana,... 

Second Norway-South Africa Science Week to stimulate oceans science and economy
Norway Ambassador to South Africa, Botswana, Madagascar and Nambiia Trine Skymoen discusses the upcoming Norway-South Africa science week. Video and editing: Nicholas Boyd.

Engineer to unveil new industry technology

     1st December 2017 High-pressure equipment and technology manufacturer Haskel has revealed that its product engineer Poova Mahmoudian will be unveiling new industry technology, as part of a collaborative technology and research alliance with the US Army. The technology is said to dramatically impact those... 

Engineer to unveil new  industry technology
NEW TECHNOLOGY Haskel engineers will explain solutions to mitigate hydrogen embrittlement in pressure vessels at the annual Hydrogen and Fuel Cells Energy Summit in 2018

Withdrawal of entire MPRDA only constitutionally acceptable solution – Leon

By: Martin Creamer     28th November 2017 The process of reconsidering the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill has generated a new range of procedural missteps and failed to address any of the substantive problems in the Bill, leaving the entire withdrawal of the Bill as the only constitutionally... 

Withdrawal of entire MPRDA only constitutionally acceptable solution – Leon
Photo by Duane Daws
Herbert Smith Freehills Africa co-chair and partner Peter Leon.

Sasol the most successful service station brand in SA, says Lightstone Explore

By: Irma Venter     27th November 2017 Sasol service stations are attracting the most feet per service station in South Africa, with Shell service stations in second position. Engen, with its much larger service station footprint, attracts more visitors, in total, than any other brand. 

 Sasol the most successful service station brand in SA, says Lightstone Explore

Growing domestic demand at heart of plan to create a million manufacturing jobs 

By: Terence Creamer     24th November 2017 The Manufacturing Circle released a plan on Friday outlining how South Africa could create a million jobs over a ten-year period through pursuing a series of reforms designed at stimulating demand for South African manufactured products and improving the investment climate. The 48-page document,... 

Growing domestic demand at heart of plan to create a million manufacturing jobs
Photo by Duane Daws
Trade and Industry Minister Dr Rob Davies and Manufacturing Circle chairperson André de Ruyter

Microgrids add new arrow to Africa’s electricity access quiver

By: Mia Breytenbach     24th November 2017 The launch of a R25-million solar energy, lithium-ion battery storage microgrid on Robben Island – the World Heritage Site in Table Bay, Cape Town, which, until recently, relied on diesel to generate electricity – not only showcases the versatile advantages of microgrid technology, but also... 

Microgrids add new arrow to Africa’s electricity access quiver

Company expands diesel supply to include buses

By: Tasneem Bulbulia     24th November 2017 Wholesale prices fuel supplier Next Grace Investments is providing a valuable diesel supply solutions for clients in the bus and truck industry. During the Gauteng Bus Indaba and Strategic Planning Workshop, held in September at the Nasrec Expo Centre, in Johannesburg, Next Grace Investments... 

Company expands diesel supply to include buses
PARKING THE BUS Next Grace Investments’ depots enables buses and trucks to refuel and park at the facilities, while drivers have access to food and shower facilities

Power and utilities drone market worth more than $9bn

By: Dylan Slater     24th November 2017 The international drone market comprising solutions that use drones for the power and utilities industries is worth as much as $9.46-billion a year, according to a report published by professional services firm PricewaterhouseCoopers (PwC).  

Latest News

more

Latest Videos

more

Research Reports

Topics In These Articles

RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

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

Advertise

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

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close