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Energy News

Small modular reactors offer great promise but face major challenges 

By: Rebecca Campbell     18th May 2018 Worldwide, there is significant interest in the development of small and medium modular reactors (SMRs). “At the moment there are 11 countries developing about 50 SMR designs and four units are under construction or have a certified design,” said University of Pretoria Mechanical and Aeronautical... 

Anadarko seeks to raise $14bn to $15bn for Mozambique LNG project

By: Reuters     18th May 2018 Anadarko Petroleum is seeking to raise a record $14-billion to $15-billion from banks and export credit agencies for its huge liquefied natural gas (LNG) project in Mozambique, sources close to the matter said. Fast-growing gas demand from China and Southeast Asia is reassuring export project... 

Researchers suggest 100% renewable energy system is plausible

By: Nadine James     18th May 2018 A multinational group of researchers have co-authored a paper to demonstrate that there are no roadblocks to sourcing 100% of a country’s power supply from renewable sources. The researchers, from Germany’s Karlsruhe Institute of Technology, South Africa’s Council for Scientific and Industrial... 

M&R hopes to convince ATON of commercial merits of Aveng tie-up

By: Terence Creamer     18th May 2018 Murray & Roberts (M&R) CEO Henry Laas says he will make every effort to convince its largest shareholder ATON – the German family-owned business, which owns 39% of the company and which has made a firm offer to acquire majority control of the South African engineering and construction group – of... 

M&R hopes to convince ATON of commercial merits of Aveng tie-up
Photo by Creamer Media
M&R CEO Henry Laas

Lesedi rebranding company descriptor to reflect extended offering

By: Simone Liedtke     17th May 2018 Lesedi Nuclear has rebranded the company descriptor from ‘nuclear services’ to ‘power generation, mining, oil & gas’ to reflect its extended offering, purpose and vision for the future. Lesedi revealed its new identity and brand positioning to its internal stakeholders on May 11, with the... 

Lesedi rebranding company descriptor to reflect extended offering
The external launch of Lesedi's new identity took place at the Africa Utility Week on May 15

Organisations warn IRP could face legal challenges if the DoE ignores citizens’ human rights

By: Simone Liedtke     17th May 2018 The Life After Coal (LAC) Campaign and Greenpeace Africa say the Department of Energy (DoE) will face a legal challenge from them if the Integrated Resource Plan for Electricity (IRP) ignores constitutional obligations. The LAC Campaign and Greenpeace Africa believe human rights, and specifically... 

Radebe sees energy contributing $25bn to South Africa’s $100bn investment target

By: Terence Creamer     16th May 2018 Energy Minister Jeff Radebe says one-quarter, or $25-billion, of South Africa's newly announced five-year investment target of $100-billion could be met through investments in new energy projects, including a possible new greenfield crude oil refinery and a gas pipeline linking South Africa to... 

Radebe sees energy contributing $25bn to South Africa’s $100bn investment target
Photo by Dylan Slater
Energy Minister Jeff Radebe

Nigeria gives more oil purchase deals to local firms as vote looms

By: Reuters     16th May 2018 State oil firm NNPC has awarded 50 companies with contracts to buy Nigerian crude and more than half of them are local firms, foreign and Nigerian trading sources said. Of the total, 32 were local companies, doubling the number of awards to Nigerian firms compared to 2017. 

Motorists in for another massive petrol price spike

By: News24Wire      15th May 2018 Motorists can expect another massive fuel price hike at the beginning of June, the Automobile Association warned on Tuesday. Commenting on unaudited mid-month fuel price data released by the Central Energy Fund, the AA said last month's fuel price account was closed earlier by the Department of... 

Motorists in for another massive petrol price spike

Angola LNG Soyo plant to shut for planned maintenance in July

By: Reuters     15th May 2018 Angola's Soyo plant, which has a capacity of 5.2-million tons of liquefied natural gas (LNG) per year, will have a planned shutdown for maintenance in July, a company spokeswoman told Reuters on Tuesday. Production at the plant is expected to resume in early August, she said in an email. 

Transnet to review tenders, expand petrochemicals capacity at East London port

By: Marleny Arnoldi     14th May 2018 More than 100 attendees representing 97 companies have shown a keen interest in the Port of East London’s plans to recommission an existing tank in the port for handling of liquid bulk and to introduce a liquid bulk terminal through a 25-year port concession awarded to a private entity, says... 

Transnet to review tenders, expand petrochemicals capacity at East London port
East London port manager Sharon Sijako

Equatorial Guinea may strip Ophir of LNG project due to finance delays

By: Reuters     14th May 2018 Equatorial Guinea will force Ophir Energy out of the company's flagship liquefied natural gas (LNG) project and may scrap it entirely unless long-delayed financing deals worth $1.2-billion are presented to the government by December. The ultimatum is a blow to UK-listed Ophir, which has set aside... 

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.  

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

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

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