http://www.engineeringnews.co.za
R/€ = 15.90 Change: 0.15
R/$ = 13.95 Change: 0.15
Au 1223.41 $/oz Change: -1.36
Pt 846.50 $/oz Change: -5.36
 

Oil & Gas News

Key enviro assessment launched for SA gas and power networks

By: Nadine James     6th July 2018 The Council for Scientific and Industrial Research (CSIR) and the South African National Biodiversity Institute are undertaking a strategic environmental assessment (SEA) for the development of a phased gas pipeline network and the expansion of the electricity grid infrastructure (EGI) corridors.... 

German funding to back oil, gas exploration in Namibia

By: Marleny Arnoldi     5th July 2018 Gravionic, a specialist in the development of complex sensor systems, was awarded a €376 000 grant from the German government to mount its gravity and magnetic surveying equipment on to a gyrocopter for the first time.  

Tullow told to pay Seadrill $254m over Ghana dispute

By: Reuters     4th July 2018 A London judge ordered Tullow Oil to pay rig owner Seadrill around $254-million saying Tullow was wrong to end a rig contract in Ghana on grounds of force majeure over a maritime dispute, Tullow said on Tuesday. Tullow cancelled the contract for Seadrill's West Leo rig in December 2016 after... 

Nigeria's finance minister questions NNPC remittance to government 

By: Reuters     29th June 2018 Nigeria's finance minister said on Thursday proposed revenue payments by State oil company NNPC to the government account were unacceptable because they were less than expected in view of raised crude oil prices. Kemi Adeosun, told the National Economic Council advisory body the company's... 

World Bank approves $2.1bn loans for Nigerian projects

By: Reuters     29th June 2018 The World Bank said on Thursday it had approved a total of $2.1-billion in concessionary loans to fund projects in Nigeria aimed at improving access to electricity and promoting governance. The projects approved by the International Development Association (IDA), the bank's low-interest arm, are... 

Cleaner, safer fuel on display at expo

By: Halima Frost     29th June 2018 Natural gas supplier CNG Holdings hopes to educate the private sector and original-equipment manufacturers about the benefits of alternative fuels during the TruckX Expo, to be held at the Kyalami International Grand Prix Circuit and Conference Centre on July 11 and 12. “Compressed natural gas... 

Cleaner, safer fuel  on display at expo
POWERED BY NATURAL GAS Natural gas fueling stations are the way of the future

Oranto Petroleum makes Zambian oil and gas exploration debut

By: Marleny Arnoldi     28th June 2018 Pan-African oil and gas exploration and development group Oranto Petroleum has started farming into two exploration blocks located onshore in Zambia. These blocks are Oranto’s first inroads into the country. 

Radebe initiates bilaterals with Moz and Namibia on cross-border gas prospects

By: Terence Creamer     27th June 2018 Energy Minister Jeff Radebe initiated bilateral discussions with Mozambique this week regarding the further development of the cross-border gas infrastructure linking South Africa’s energy and chemicals sectors to Mozambique’s vast natural gas resource. Well over 100-trillion cubic feet (tcf) of... 

Radebe initiates bilaterals with Moz and Namibia on cross-border gas prospects
Ministers Jeff Radebe and Gugile Nkwinti with SADC deputy executive secretary Dr Thembinkosi Mhlongo

South Africa to align energy plans with SADC gas master plan

By: Terence Creamer     26th June 2018 Energy Minister Jeff Radebe has promised greater alignment between South Africa’s energy plans, included the new Integrated Resource Plan (IRP) for electricity, with a regional gas master plan, which is currently under development within the the 16-country Southern African Development Community... 

South Africa to align energy plans with SADC gas master plan
Photo by Dylan Slater
Energy Minister Jeff Radebe

Kenya Airways to restart hedging to counter oil price volatility

By: Reuters     22nd June 2018 Kenya Airways' immediate biggest challenge is oil price volatility, and the airline will restart price hedging, its chief executive officer said on Friday. "The volatility of the oil price has been really tremendous. Addressing this is of utmost concern," Sebastian Mikosz told a news conference... 

Company completes boiler modernisation project

22nd June 2018 Sustainable energy solutions provider Sumitomo SHI FW has successfully completed the delivery of a circulating fluidised-bed (CFB) boiler technology upgrade project to increase the oil shale retort gas combustion in an existing CFB boiler at energy group Enefit’s Narva power plant in Estonia,... 

Company completes boiler modernisation project
Photo by Bloomberg
DELIVERY DONE Sustainable energy solutions provider Sumitomo SHI FW has successfully completed a circulating fluidised-bed boiler technology upgrade project at energy group Enefit’s Narva power plant

Globeleq-led consortium partners with EDM to progress Moz gas-fired power project

By: Nadine James     21st June 2018 Lead partner in the Temane Energy Consortium (TEC), Globeleq, has signed a joint development agreement with Electricidade de Moçambique (EDM) to progress the 400 MW Temane gas-fired power project, located in Mozambique’s Inhambane province. The agreement, which was signed at the African Energy... 

For OPEC, oil tariff spat is short-term gain, long-term pain

By: Reuters     21st June 2018 Opec, which has lost Chinese market share to US oil producers, should in theory view a tariff spat between Beijing and Washington as a boon. But while Opec can sell more oil to China as a result of import tariffs on US crude, in the long term the trade dispute could hit economic growth and oil... 

Company invests in new petrochemicals complex

15th June 2018 Petroleum industry company Qatar Petroleum plans to build a “world-scale” petrochemicals complex that will include the Middle East's largest ethane cracker, according to Qatar Petroleum president and CEO Saad Sherida Al-Kaabi. Qatar Petroleum has invited a group of leading international... 

Company invests in new petrochemicals complex
INTERNATIONAL CONTRACT Qatar Petroleum has invited leading international companies to submit proposals for partnering on the development of a new Petrochemicals Complex

Petroleum conference renewed for a third year

By: Paige Müller     15th June 2018 The West African International Petroleum Exhibition and Conference (Waipec) will be renewed for a third consecutive year, following an overwhelmingly successful reception from regional and international participants at this year’s second annual conference in Lagos, Nigeria.   Petroleum Technology... 

Petroleum conference  renewed for a third year
BANK-ANTHONY OKOROAFOR The West African International Petroleum Exhibition and Conference will start closing the collaboration gaps within the West African region and enable it to harness its resources

Italy top court rejects appeal to stymie Shell, Eni corruption trial

By: Reuters     14th June 2018 Italy's Supreme Court threw out an appeal from Shell and four former Shell managers to stymie a trial on alleged corruption in Nigeria, which also sees Eni's chief on the bench, legal sources said on Wednesday. The long-running graft case revolves around the 2011 purchase by Eni and Shell of... 

PetroSA's GTL refinery could run out of natural gas in two years 

By: Reuters     12th June 2018 South Africa's flagship gas-to-liquids (GTL) refinery at Mossel Bay could run out of natural gas within two years when offshore reserves dry up, a senior energy official said on Tuesday. The Mossel Bay GTL plant, one of the world's largest, is operated by State-owned national oil and gas company... 

PetroSA's GTL refinery could run out of natural gas in two years

Congo mining revenues triple in Q1; oil revenues down 11%

By: Reuters     6th June 2018 Democratic Republic of Congo's (DRC's) revenues from its mining sector tripled year-on-year in the first quarter of 2018 to $397.86-million, finance ministry data showed. Revenues from the oil and gas sector dropped 10.87 percent year-on-year in the first quarter to $29.45-million, according to... 

Prepare for greater generation competition, Radebe tells Eskom

By: Terence Creamer     4th June 2018 Energy Minister Jeff Radebe has hinted at possible dramatic changes in the structure of South Africa’s electricity supply industry, which is currently dominated by Eskom, a vertically integrated State-owned utility. During a recent stakeholder gathering the Minister responded strongly in the... 

Prepare for greater generation competition, Radebe tells Eskom

Kenya launches pilot oil export scheme via Mombasa

By: Reuters     4th June 2018 Kenya has launched a pilot scheme to export crude oil via Mombasa as part of efforts to capitalise on the country's oil reserves. The East African country discovered commercial oil reserves in its Lokichar basin in 2012 and a 800 km (500 mile) pipeline is due to be built before production starts... 

South Africa to release new-look renewables bid window in November

By: Terence Creamer     1st June 2018 Energy Minister Jeff Radebe announced on Friday that South Africa would launch a fifth Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) bid window in November with the aim of procuring a further 1 800 MW of renewable energy from independent power producers (IPPs).... 

South Africa to release new-look renewables bid window in November
Photo by Dylan Slater
Energy Minister Jeff Radebe

Tullow Oil eyes new Ghana offshore assets – CEO

By: Reuters     31st May 2018 Tullow Oil is interested in new oil blocks off Ghana's coast as part of the British explorers plans to consolidate its operations in the West African nation, Chief Executive Paul McDade said on Thursday. Tullow is leading two operations offshore Ghana, including the country's flagship 100 000... 

Denel Aeronautics acting CEO was in charge at SA Express when irregular contract signed – union

By: Rebecca Campbell     30th May 2018 Trade union Solidarity claimed on Wednesday that the reported fuel purchase contract, which failed to follow prescribed tender procedures, placed by State-owned airline SA Express with a little known company, EML Energy, had been placed while Victor Xaba had been acting CEO of the airline. Xaba... 

Denel Aeronautics acting CEO was in charge at SA Express when irregular contract signed – union
Photo by Duane Daws/Creamer Media
Victor Xaba

Tullow Oil picks Australia's Worley Parsons for Kenya contract

By: Reuters     29th May 2018 Tullow Oil has awarded an engineering design contract for oil production in its northern Kenyan blocs to Australia's Worley Parsons, a Kenyan petroleum ministry official told Reuters on Tuesday. Kenya this month moved a step closer to full production at the blocs when the local government and the... 

Total, Sonangol agree to increased activity in Angola

By: Marleny Arnoldi     29th May 2018 During a recent official visit to France by Angola President João Lourenço and a delegation of Angolan businesspersons, petrochemicals giant Total chairperson and CEO Patrick Pouyanné and Angolan petroleum parastatal Sonangol chairperson Carlos Saturnino signed several agreements to cover the... 

Total, Sonangol agree to increased activity in Angola
Photo by Bloomberg
Angola national flag

Nigeria's Bodo community claims win over Shell after latest UK court ruling

By: Reuters     24th May 2018 A British judge ruled on Thursday that Nigeria's Bodo community, which has been involved in a protracted legal battle with Shell over the clean-up of two 2008 oil spills, should retain the option of litigation for another year. Lawyers for Bodo had accused Shell of trying to kill off the legal... 

Shell's oil spill dispute with Nigeria's Bodo villagers back in UK court

By: Reuters     23rd May 2018 Lawyers for the Bodo community in Nigeria's oil-producing Niger Delta, which was devastated by two major oil spills a decade ago, went to court in London on Tuesday to fend off what they said was an attempt by Shell to kill off their litigation. The Bodo oil spills have been the subject of years... 

Angola cuts tax rates for development of marginal oilfields

By: Reuters     22nd May 2018 Angola has halved headline tax rates for marginal oil fields as part of a series of laws to drive investment and reverse declining output in Africa's second largest crude producer. The series of presidential decrees, published in the Official Gazette on Friday and made available by the oil... 

Renergen, SAB tap into gas to reduce carbon emissions with landmark transaction

By: Simone Liedtke     21st May 2018 Natural gas development company Renergen has signed an offtake agreement with Anheuser-Busch InBev (AB InBev)subsidiary South African Breweries (SAB) for the supply of liquefied natural gas (LNG) to power its delivery trucks. The agreement sees the initial roll out of compressed natural gas to a... 

Renergen, SAB tap into gas to reduce carbon emissions with landmark transaction
Renergen CEO Stefano Marani

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

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. 

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

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

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

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
Free daily email newsletter Register Now
Register Close