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Oil & Gas News

Fresh blow for emerging markets as rising oil hits importers

By: Bloomberg     4th October 2018 For years, higher oil prices have stoked gains in emerging-market currencies. But now, Brent crude’s rally to a four-year high is beginning to hurt them. Crude-oil futures rose above $85 a barrel this week for the first time since 2014 as concern about shrinking Iranian exports outweighed higher... 

Tullow Oil optimistic about prospects in Africa

By: Kim Cloete     2nd October 2018 Oil and gas exploration and production company Tullow Oil has outlined its sharper and deeper focus on Africa, with upbeat outlooks for its projects in both West and East Africa.   Despite a shift to cleaner energy and alternative energy sources, Tullow Oil also believes there will be strong... 

PetroSA says it is committed to ethical leadership

By: Kim Cloete     1st October 2018 PetroSA has told international and local players in the energy space that it is committed to ethical leadership and prudent business management. “What has become pronounced is the issue of ethics in State-owned entities (SoE) and more broadly in government and elsewhere. National oil companies... 

September fuel freeze not repeated in October as prices surge 

By: Terence Creamer     1st October 2018 Energy Minister Jeff Radebe has resisted the temptation of again intervening to freeze fuel-price increases, confirming on Monday that the price of petrol and diesel will surge sharply at midnight on October 3. With both the rand/dollar exchange rate and oil prices moving against South Africa... 

September fuel freeze not repeated in October as prices surge

Glencore backs $1bn acquisition of Chevron South Africa by black-owned consortium

By: Terence Creamer     28th September 2018 Black economic empowerment (BEE) consortium Off The Shelf Investments (OTS) confirmed on Friday that it had acquired Chevron South Africa (CSA) in a deal valued at $1-billion and financed by its technical and financial adviser, Glencore. CSA, which owns the Chevron refinery in Cape Town and the... 

Glencore backs $1bn acquisition of Chevron South Africa by black-owned consortium
The Chevron refinery in Cape Town

Company minimising height-access difficulties

By: Thabi Madiba     28th September 2018 Rope access specialist RopeCrew Industrial Abseiling has positioned itself as a viable alternative for those wanting to opt to use rope access as a viable method of accessing areas at height, instead of scaffolding, which is limited and costly. RopeCrew MD Gerrie du Plessis states that rope... 

Efora Energy seeks strategic partner to jointly own, operate Lagia oilfield in Egypt

By: Marleny Arnoldi     27th September 2018 JSE-listed Efora Energy has decided it is best to seek a strategic partner to accelerate the development of its Lagia oilfield, in Egypt, following a strategic review of the project. The company will also consider reducing its interest in Lagia, as part of a partnership agreement.  

Solidarity says Sasol’s Khanyisa in breach of Mining Charter 3

By: Marleny Arnoldi     27th September 2018 Trade union Solidarity is of the view that petrochemicals giant Sasol now finds itself on the wrong side of Mining Charter 3, which was gazetted this week. According to the charter, employees must share in company shareholding and all employees must benefit from employee share ownership plans.... 

Solidarity says Sasol’s Khanyisa in breach of Mining Charter 3

Opec will balance oil markets, but spare capacity limited – Nigerian official

By: Reuters     26th September 2018 The Organization of the Petroleum Exporting Countries (Opec) will act to balance the market after oil prices hit their highest in four years, but its options may be limited by available spare capacity, a Nigerian oil industry official said on Wednesday. "It's obvious that if you have high prices... 

Tullow Oil abandons first Namibian well, keeps options open

By: Reuters     25th September 2018 Africa-focused Tullow Oil will abandon its first well in Namibia, but data gathered in the project indicated it might strike lucky in another attempt, it said on Monday. "The Cormorant-1 exploration well in the PEL-37 licence, offshore Namibia, encountered non-commercial hydrocarbons and the well... 

Global Energy Talent Index 2019 survey closes soon

20th September 2018 The third annual Global Energy Talent Index (GETI) survey is underway and open for responses. The survey is an industry-leading workforce project led by top energy recruitment firm, Airswift, and Energy Jobline, the world’s largest energy job site. The survey results will explore the opinions of... 

Engen operations in nine African countries transfer to Vivo Energy in March 2019

By: Marleny Arnoldi     18th September 2018 Oil company Engen Holdings’ operations in nine sub-Saharan African countries will be transferred to JSE-listed downstream petroleum company Vivo Energy on March 1, 2019. The $203.9-million transaction will see Vivo’s retail service station network expand from 15 to 23 countries in Africa,... 

Engen operations in nine African countries transfer to Vivo Energy in March 2019

Italy judge set to give first ruling in Nigeria oil graft case

By: Reuters     18th September 2018 Oil majors Shell and Eni will be carefully monitoring a first ruling this week by a Milan judge in one of the energy industry's biggest corruption scandals for clues to what might be round the corner for them. The two companies are embroiled in a long-running graft case revolving around the... 

Egypt signs oil, gas exploration deal with Shell, Petronas worth about $1bn – statement 

By: Reuters     17th September 2018 Egypt has signed a deep-water oil and gas exploration deal with Royal Dutch Shell and Malaysia's Petronas worth around $1-billion for 8 wells in the country's West Nile Delta, the petroleum ministry said on Saturday. The country also signed a second $10-million deal with Rockhopper, Kuwait Energy... 

In situ measurement of hydrogen made possible

14th September 2018 The reliable in situ measurement of hydrogen in multiple gas process streams is something that refinery and petrochemical plant process control engineers would like to have been able to do previously, but have never had the capability to, until this year. In a global first, Norwegian laser-based... 

In situ measurement of  hydrogen made possible
HYDROGEN ANALYSER Neo Monitors has developed a method of measuring hydrogen in situ – the LaserGas II SP H2

Tribunal approves OTS’s acquisition of controlling share of Chevron South Africa

By: Simone Liedtke     13th September 2018 The Competition Tribunal on Thursday approved, with conditions, the proposed merger between Off The Shelf Investments 56 (OTS) and Chevron South Africa (CSA). The approval follows after the tribunal heard the second bid to acquire the controlling 75% stake in CSA and after receiving a minor... 

Radebe moots shale gas exploration as answer to high fuel price 

By: African News Agency      13th September 2018 Energy Minister Jeff Radebe on Wednesday called for all impediments to shale gas exploration to be removed as part of the government's response to the record high in the fuel price. Radebe told a debate in the National Assembly on the fuel price, the main driving factor was the current policies... 

Trafigura loses last big Angolan oil deal as new president shakes up sector

By: Reuters     12th September 2018 Trafigura has lost its last big contract in Angola, once a core market and revenue generator for the trading house, as the country's new president Joao Lourenco part ways with oil firms that worked with his predecessor Jose Eduardo Dos Santos. Trafigura, which declined to comment, lost the rights... 

Sasol, Indian companies join EP100 global energy saving initiative

By: Marleny Arnoldi     10th September 2018 Petrochemicals giant Sasol and Indian companies UltraTech Cement, Mahindra Vehicle Manufacturers, Mahindra Heavy Engines and Godrej Industries and Associate Companies (Gilac) on Monday pledged to put energy efficiency at the heart of their business growth strategies by joining EP100. EP100 is a... 

Solidarity CE writes open letter to Sasol directors amid ongoing strike

By: Marleny Arnoldi     10th September 2018 Solidarity CE Dr Dirk Hermann has written an open letter to two Sasol directors, on the eve of the union’s lawsuit to seek approval for a Section 77 application at the High Court, which will enable all the union’s members nationwide to strike along with those members employed at Sasol, who have... 

Solidarity CE writes open letter to Sasol directors amid ongoing strike
Solidarity CE Dr Dirk Hermann

Congo mining revenues triple in H1; oil revenues fall by a third

By: Reuters     10th September 2018 Democratic Republic of Congo's revenues from its mining sector nearly tripled in the first half of 2018 over the same period last year to $864.61-million, the finance ministry said. Revenues from the hydrocarbons sector, however, declined by a third to $67.75-million, the ministry said in a... 

Significant growth expected in flame arrestor market

7th September 2018 The global flame arrestors market is estimated to be $713.8-million in 2018 and is projected to reach $924.7-million by 2023, at a compound annual growth rate of 5.31%, according to research company Research and Markets. In their report titled ‘Flame Arrestors Market by Type (In-Line and... 

New oil refinery for Uzbekistan

7th September 2018 Jizzakh Petroleum, a joint venture of Uzbekistan’s State-owned Uzbekneftegaz and Russian oil exploration company Gazprom International’s subsidiary Gas Project Development Central Asia will use American multinational conglomerate Honeywell Universal Oil Products (UOP) technologies to build a new... 

New oil refinery  for Uzbekistan
Photo by Bloomberg
NEW OIL Uzbekistan is getting a new five-million tons a year oil refinery

New partnership offers turnkey STO solutions

7th September 2018 At Marcus Evans' tenth annual Chemical/Petrochemical and Refinery Shutdowns and Turnarounds Event in San Antonio, Texas, in May, US-based business management consultant KAP Project Services and US-based industrial workforce management company Mobideo Technologies announced a strategic partnership... 

New partnership offers turnkey STO solutions
TURNING AROUND A new partnership will make Special Technical Operations easier

S African refineries pulled in two

By: Erin Steenhoff-Snethlage     7th September 2018 Local oil refineries will find it difficult to adjust to the International Maritime Organisation’s (IMO’s) new sulphur cap of 0.5% by 2020 for residual marine fuels, and the Clean Fuels Two Programme in South Africa, says South African Petroleum Industry Association (Sapia) head of strategic... 

S African refineries pulled in two
Photo by Bloomberg
LOCAL REFINERIES South African oil refineries face two main challenges

Two new refineries in the works for Nigeria

7th September 2018 As part of its refinery collocation initiative designed to boost local refining capacity to end the era of petroleum products importation, the Nigerian National Petroleum Corporation (NNPC) has hinted of plans to establish a 100 000 bbl/d brownfield refinery in both Port Harcourt and Warri in... 

Investment affected by environmental impact compliance

By: Erin Steenhoff-Snethlage     7th September 2018 South African oil refineries need to be aware of their impact on the environment to comply with changing legislation and to further investment opportunities, states Norton Rose Fulbright insurance litigation director Caroline Theodosiou. “Oil refineries need to ensure that if they are increasing... 

Investment affected  by environmental  impact compliance
Photo by Bloomberg
ENVIRONMENTAL IMPACT Oil refineries need to take steps to reduce their environmental impact to pacify investors

Fuel-price intervention will have ‘no impact on fiscus’

By: Terence Creamer     6th September 2018 Cabinet insisted on Thursday that Energy Minister Jeff Radebe’s intervention to hold fuel prices steady in September – rather than to allow for the August under-recovery to be passed on to motorists as usual – would have no impact on the fiscus. In a statement released following its Wednesday... 

Fuel-price intervention will have ‘no impact on fiscus’

African gas output could make up 10% of global total by 2040 – official

By: Reuters     5th September 2018 African production of natural gas could contribute as much as 10% of the global total by 2040, an expansion of around 530-billion cubic metres, the secretary general of the Gas-Exporting Countries Forum, Yury Sentyurin, told a conference on Wednesday. 

Serious questions being asked about decision to cap fuel price increase 

By: Terence Creamer     4th September 2018 Questions are being asked about Energy Minister Jeff Radebe’s decision to approve an “urgent temporary fuel price intervention” leaving prices unchanged for September, apart from a 4.9c/l increase in the retail margin for petrol to accommodate wage increases for forecourt staff. Ahead of the... 

Serious questions being asked about decision to cap fuel price increase

China's TBEA to invest in €180m Gabon hydropower project – Gabon official

By: Reuters     3rd September 2018 Chinese energy firm TBEA will invest in a €180-million ($209-million) hydropower project in Gabon alongside the West African country's sovereign wealth fund, a Gabonese official said on Saturday. Construction will begin "pretty soon" on the project, which will have a power generation capacity of... 

Aker Energy to start Ghana drilling in Oct, eyes development plan in 2019

By: Reuters     31st August 2018 Norwegian oil firm Aker Energy will delay submitting a plan for development of its block off Ghana until early next year in order to first complete appraisal drilling, expected to start in October, its chief executive said on Thursday. The unlisted firm, controlled by Norwegian billionaire Kjell... 

High-value industrial safety offering

31st August 2018 Industrial gases company Afrox now offers six nine (N6) of HiQ, which is the global brand for a specific range of made-for-purpose gases, gas mixtures and associated products that comply with high purity and quality standards. 

High-value industrial  safety offering
HANS STRYDOM Precision matters in everything Afrox does

Saldanha facility ramping up gas supply

By: Halima Frost     31st August 2018 Liquefied Petroleum Gas (LPG) supplier Avedia Energy has announced the first year of operational success of its Avedia Energy LPG storage facility in Saldanha Bay, in the Western Cape.  With the installation of the 2 000 t LPG facility and six road loading gantries built at the Saldanha terminal,... 

Saldanha facility  ramping up gas supply
THE RIGHT A MOUND A view of the gas mound and administrative building in Saldanha Bay

Waste gas fuels smelter

By: Halima Frost     31st August 2018 A gas processing plant, built by backup and continuous power solutions provider Diesel Electric Services, in Boshoek near Rustenburg, has achieved over 45 000 lost-time injury-free hours in its first year of operation. The project –  which started in January 2016, and took about 16 months to... 

Waste gas fuels smelter
HOUSING THE GASSES 13 gas generators are housed 300 m away from the smelter

S Africa’s changing energy landscape

31st August 2018 Natural gas is one of the cleanest, safest, and most useful forms of energy, providing the world with over 20% of its energy requirements across power generation, industry and transport applications. In South Africa, at just 3%, the meaningful addition of natural gas to the country’s energy mix... 

S Africa’s changing energy landscape
VIRTUALLY FREE CNG has quickly become the go to for SA’s gas needs

Nigeria's Presidency rebuffs landmark oil reform bill in current form – sources

By: Reuters     29th August 2018 Nigeria's Presidency has rebuffed a landmark oil industry reform law in its current form, according to two people familiar with the matter, in a setback for plans to reinvigorate investment in Africa's largest crude producer. The legislation, sent back to the National Assembly by the presidency,... 

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