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Energy News

Platinum surplus to widen; fuel cells seen as key driver for future demand

By: Marleny Arnoldi     14th May 2018 The platinum market will move further into oversupply this year, as production from South Africa remains flat and demand is forecast to contract by 2.5%, the latest Johnson Matthey platinum group metals (PGM) market report states.  

R11.6bn in fines and merger conditions secured since 2010, Patel reports

By: Terence Creamer     10th May 2018 Economic Development Minister Ebrahim Patel reports that R11.6-billion has been mobilised as a result of cartel settlements and conditions placed on firms that have pursued mergers and acquisitions in South Africa since 2010, with commitments worth a further R11-bilion have been secured in... 

R11.6bn in fines and merger conditions secured since 2010, Patel reports
Photo by Creamer Media
Economic Development Minister Ebrahim Patel

African fuel giant Vivo Energy attains secondary listing on JSE

By: Marleny Arnoldi     10th May 2018 Downstream petroleum company Vivo Energy on Thursday attained a secondary listing on the main board of the JSE.  

Radebe links IRP certainty to Ramaphosa’s $100bn investment drive

By: Terence Creamer     10th May 2018 The long awaited update to South Africa’s Integrated Resource Plan (IRP) will be presented to Cabinet for its approval on August 15, Energy Minister Jeff Radebe confirmed on Thursday, adding that the document would provide much-needed certainty for investors in the electricity sector. The... 

Radebe links IRP certainty to Ramaphosa’s $100bn investment drive
Photo by Dylan Slater
Energy Minister Jeff Radebe

Busa welcomes announcement of plans to reopen consultations on IRP

By: Simone Liedtke     9th May 2018 Business Unity South Africa (Busa) has welcomed the announcement by Energy Minister Jeff Radebe, before the Portfolio Committee on Energy, that the Integrated Resource Plan (IRP) be reopened for public consultation. Busa previously called for the IRP to be subjected to public consultation,... 

Total South Africa seeks to grow lubricants, retail fuel businesses

By: Shirley le Guern     9th May 2018 Total South Africa is looking to grow both its lubricants and retail fuel business as well as restart the offshore oil exploration that it put on hold in 2014, CEO Pierre-Yves Sachet said after a visit to its bulk fuel and lubricant plants in Durban. He said that a R70-million investment in its... 

Total South Africa seeks to grow lubricants, retail fuel businesses

Transnet, Sapia sign MoU to strengthen liquid fuels supply chain

By: Simone Liedtke     8th May 2018 State-owned Transnet and the South African Petroleum Industry Association (Sapia) have signed a memorandum of understanding (MoU) to collaborate to strengthen the liquid fuels supply chain and ensure security of supply in South Africa.  Through this MoU, both parties will focus on transforming... 

Economist predicts growth for African countries

By: Marleny Arnoldi     4th May 2018 The tide has turned for many African countries in terms of growth, says Citibank Africa economist David Cowan.  

Petroleum product suppliers settle information sharing complaint

By: Marleny Arnoldi     4th May 2018 South African petroleum product suppliers have, under a settlement agreement with the Competition Tribunal, agreed to change how they share information.  

Vivo Energy, Vitol's Africa venture, floats with £2bn valuation

By: Reuters     4th May 2018 Vivo Energy launched on the London Stock Exchange on Friday with a valuation of nearly £2-billion ($2.7-billion), the largest London IPO of the year. The initial offer price for the just under 30 percent of the company floated was set at 165p a share and the shares advanced to 169.50p in... 

Development agendas to curb power woes

4th May 2018 Sub-Saharan Africa is burdened with a complex and persistent electricity gap that is difficult to bridge in the medium to long-term owing to population growth, says intergovernmental partnership Nile Basin Initiative (NBI) programme officer Grania Rubomboras. To address the increasing population... 

Development agendas  to curb power woes
Photo by Bloomberg
TRANSMISSION DISCUSSIONS The transmission and distribution programme at African Utility Week will focus on Africa’s electricity business models

Initiative brings more German companies to AUW

4th May 2018 The German Energy Solutions Initiative which is coordinated and financed by the Federal Ministry for Economic Affairs and Energy will be bringing seven German companies to African Utility Week (AUW) for the German pavilion. According to the German Energy Solutions Initiative head of division... 

Initiative brings more German companies to AUW
RENEWABLE ENERGY The initiative supports the implementation of flagship energy projects

New range of coalescing and particle filters launched

4th May 2018 Pneumatic treatment products supplier Artic Driers International has recently launched the E series compressed air range of coalescing and particle filters. The E series filter range, that can be used on a number of pneumatic devices, is available from 0.5” to 3” BSP port sizes and flow... 

New range of coalescing and particle filters launched
E SERIES COMPRESSED AIR FILTERS The new E series compressed air filters range is meant to provide quality at an affordable price

Pneumatic systems are an energy efficient alternative

4th May 2018 With there being a need to consider service life costs when planning municipal water management systems, pneumatic systems and industrial equipment supplier Festo says pneumatic systems are 28% more advantageous. 

Pneumatic systems are an energy efficient alternative
ENERGY EFFICIENCY Festo’s range of pneumatic systems significantly reduces energy use, resulting in significant cost savings for water operations

Uganda presents growth opportunities for companies

By: Tasneem Bulbulia     4th May 2018 Owing to the type of foreign direct investment prevalent in the country, the working climate in Uganda is becoming more competitive, which presents a number of opportunities for companies, says integrated infrastructure delivery company AECOM Uganda MD Bridget Ssamula. “The biggest opportunities... 

Uganda presents growth  opportunities for companies
BRIDGET SSAMULA The biggest opportunities for Uganda lie in the oil and gas sector

Hydraulics service centre available for most industries

4th May 2018 Engineering components supplier BMG’s Regional Service Centre (RSC), in Port Elizabeth, offers critical solution services to diverse sectors, including the automotive industry, power and petrochemical plants, manufacturing, marine, agriculture and general engineering. “Through the consolidation... 

Hydraulics service centre available for most industries
REGIONAL SERVICE CENTRE BMG’s Regional Service Centre focuses on the optimum performance and extended service life of every hydraulic system.

Revised IRP needs better energy choices to secure South Africa’s future – SAWEA

By: Simone Liedtke     2nd May 2018 Calls for the release of an updated Integrated Resource Plan (IRP) are mounting, as it provides a clear technology roadmap that is essential to confirming investor certainty to 2050, says the South African Wind Energy Association (SAWEA). Such certainty, SAWEA added, is particularly important for... 

No agreement yet in Eskom’s discussions with Optimum BRPs

By: Simone Liedtke     30th April 2018 State-owned power utility Eskom says it is considering a proposal by Optimum coal mine business rescue practitioners (BRPs) to reduce the monthly coal supply tonnage from the mine from 400 000 t to 200 000 t for the remainder of the contract period. Eskom on Monday stressed, however, that it has... 

South African fuel prices to increase in May

By: African News Agency      27th April 2018 Petrol, both 95 and 93, are expected to increase by 49c a litre in May, while diesel is expected to increase by between 58c/ℓ and 59c/ℓ, Energy Minister, Jeff Radebe said. On Thursday, Radebe announced the adjustment of fuel prices for May 2018 based on current local and international factors... 

 South African fuel prices to increase in May

New gensets introduced at Middle East Electricity

27th April 2018 Engine manufacturer Cummins has introduced the C450 D5, which is part of its QSG12 series diesel generator sets (gensets) for the commercial and industrial markets, at the Middle East Electricity (MEE) 2018 in Dubai, which was held from March 6 to 8 at the Dubai World Trade Centre, in Dubai. The... 

Petrol going up 49c/l in May

By: News24Wire      26th April 2018 The price of petrol will increase by 49c a litre on Wednesday 2 May, Minister of Energy Jeff Radebe announced on Thursday afternoon. Diesel (0.05% Sulphur) will increase by 59c/l increase, while diesel with 0.005% Sulphur will go up 58c/l. 

 Petrol going up 49c/l in May

Fuel prices could hit record levels in May - AA

By: News24Wire      26th April 2018 There is a strong likelihood of a fuel price hike to record levels in May, the Automobile Association (AA) said on Wednesday. It believes this is because the rand is currently weakening against the dollar and international petroleum prices are also rising. The AA also said the increase in toll... 

Fuel prices could hit record levels in May - AA

Egypt aims for $10bn foreign investment in oil, gas in 2018/19

By: Reuters     23rd April 2018 Egypt aims for foreign investment in the oil and gas sector to reach about $10-billion in the 2018/19 fiscal year that begins in July, Petroleum Minister Tarek El Molla said on Sunday. Molla said he expected foreign investments to total the same amount for the current fiscal year, marking a 25%... 

Agreement opens way for R1.8bn oil services hub at Saldanha port

By: Terence Creamer     23rd April 2018 A private port terminal operator has been selected to build and operate South Africa’s first offshore supply base (OSSB) at the Port of Saldanha, in the Western Cape. The facility, which will involve investments of R1.8-billion over the coming five years, will provide services to offshore oil and... 

Agreement opens way for R1.8bn oil services hub at Saldanha port
Port of Saldanha

Company offers customisable electrical distribution solution

By: Jessica Oosthuizen     20th April 2018 Transformer supplier Trafo Power Solutions is offering dry-type mini substations as a complete and customisable electrical distribution solution for several applications. “Mini substations generally include oil transformers, but Trafo Power Solutions is now able to design and deliver dry-type... 

Company offers customisable electrical distribution solution
MADE-TO-ORDER Well proven dry-type technology is being used in Trafo Power Solutions’ customised dry-type mini substations

Africa pursuing diversified energy investments to deliver power

By: Jessica Oosthuizen     20th April 2018 Africa has an abundance of energy resources that can be brought online rapidly and cost effectively, says engineering, procurement and construction services provider Black & Veatch sub-Saharan Africa business development director Webb Meko. With governments realising that no single technology... 

Africa pursuing diversified energy investments to deliver power
https://www.youtube.com/watch?v=XQ2yoZpx3Lo

EVs not yet a market force to disrupt oil demand growth

By: Anine Kilian     19th April 2018 Short-term oil demand is still growing strong and will continue to do so through the end of 2020, a trend taking place despite the market’s increasing focus on electric vehicles (EVs) and the forecasted future plateau in oil demand, according to a new report from IHS Markit’s oil and gas team.... 

Oanda awarded EPC contract for Nigeria’s AKK pipeline

By: Anine Kilian     19th April 2018 JSE-listed Oando together with Oilserv have been awarded the engineering, procurement, construction (EPC) mandate for the Ajaokuta – Abuja portion of the $727-million Ajaokuta-Kaduna-Kano (AKK) pipeline system by the Nigerian National Petroleum Corporation (NNPC). The contract award follows an... 

Further tariff increases would exacerbate Eskom’s death spiral – EIUG 

By: Simone Liedtke     18th April 2018 The Energy Intensive User Group (EIUG) of Southern Africa, whose members account for about 40% of electrical energy consumed in the country, has warned that increases to electricity tariffs will exacerbate State-owned power utility Eskom’s “death spiral”. The EIUG is participating in the National... 

Grindrod concludes sale of Unicorn Bunker Services

By: Simone Liedtke     18th April 2018 Grindrod has finalised the sale of its bunker division, Unicorn Bunker Services, for an undisclosed amount. Unicorn Bunker Services, which employs 110 people, was first established in 2006 and operates three modern bunker tankers in the ports of Durban and Cape Town under contract to BP, Engen... 

Ncondezi JDA on track to be concluded by end-July

By: Simone Liedtke     18th April 2018 The joint development agreement (JDA) for Aim-listed Ncondezi Energy’s integrated 300 MW power plant and coal mine project in Tete, Mozambique, remains on track for completion by the end of July. Proposals for the engineering, procurement and construction (EPC) and operations and maintenance... 

AfriForum, TKAG welcome Shell’s indication to withdraw from shale gas exploration

By: Anine Kilian     16th April 2018 AfriForum and the Treasure THE Karoo Action Group (TKAG) view Shell South Africa’s indication of its intention to withdraw from shale gas exploration in the Karoo as a major victory for those who care about the environment, TKAG said in a statement on Monday. The Herald last week reported that... 

Zambia shortlists five firms for majority stake in oil refinery

By: Reuters     16th April 2018 Zambia has short-listed five companies including Britain's Glencore Energy and Sahara Energy Resources to buy a majority stake in its only oil refinery, a state-owned firm said on Monday. The government-owned Industrial Development Corporation (IDC) has said it wants a strong strategic equity... 

Costs, downtime impede pressure vessel testing

By: Paige Müller     13th April 2018 Potential downtime and cost considerations are preventing industries from conducting essential pressure vessel testing, says air compression products distributor Tru Compressor Solutions product specialist and sales director Phillip Botha. “Air compressors and pressure vessels are used in... 

Costs, downtime impede pressure vessel testing
PHILLIP BOTHA In the current South African economic climate, companies are still extremely price sensitive

TNPA presents strategy to improve transformation at Island View Precinct

By: Shirley le Guern     12th April 2018 A major shake-up within the Island View Precinct (IVP) in the port of Durban is expected after Transnet National Ports Authority (TNPA) began engaging tenants ahead of the implementation of its new IVP strategy this week. At a press conference following initial engagements with leaseholders and... 

TNPA presents strategy to improve transformation at Island View Precinct
TNPA acting Durban port manager Nokuzola Nkowane

Afrox secures contract to supply medical gases to State healthcare facilities

By: Simone Liedtke     11th April 2018 JSE-listed African Oxygen (Afrox) has been awarded a contract to supply medical gases to government hospitals and clinics across all provinces. 

Afrox secures contract to supply medical gases to State healthcare facilities
JSE-listed African Oxygen (Afrox) has been awarded a contract to supply medical gases to government hospitals and clinics across all provinces

Vivo Energy plans to list on LSE, JSE

By: Simone Liedtke     10th April 2018 Vivo Energy, which is a retailer of Shell-branded fuels and lubricants in Africa, plans to proceed with an initial public offering (IPO) and to apply for admission of its shares to the LSE and the JSE. Admission is expected to occur in May. 

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