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Oil & Gas News

Political shifts lift investor mood in Southern African mining

By: Reuters     8th February 2018 Mining is a long-term game, but in Southern Africa dramatic political changes have transformed the investment mood for the better in the space of a year. Angola's Jose Eduardo dos Santos and Zimbabwe's Robert Mugabe stepped down in 2017 after a combined 75 years in office, while the election of... 

Tribunal to consider Sinopec's $900m deal to acquire 75% of Chevron South Africa

By: Simone Liedtke     7th February 2018 The Competition Tribunal will, on Thursday, consider the proposed $900-million buyout by China Petroleum and Chemical Corporation (Sinopec) subsidiary SOIHL HK of a 75% interest in Chevron South Africa (CSA). Sinopec is a significant Chinese manufacturer and supplier of petroleum and... 

Sasol successfully commissions Phase 2 of wax expansion plant

By: Simone Liedtke     6th February 2018 Phase 2 of petrochemicals company Sasol’s Fischer-Tropsch Wax Expansion Plant (FTWEP) has successfully been commissioned at its Sasolburg operation. Valued at R13.6-billion, the plant has successfully started in its entirety and has been running stably for six months. 

Sasol successfully commissions Phase 2 of wax expansion plant

Total sells 25% stake in South African offshore prospect to Qatar Petroleum

By: Creamer Media Reporter      5th February 2018 International energy group Total announced on Monday that it would sell, subject to regulatory approval, a 25% interest in Exploration Block 11B/12B, offshore South Africa, to Qatar Petroleum. The block is located in the Outeniqua basin, around 175 km off the southern coast of South Africa. It... 

Total sells 25% stake in South African offshore prospect to Qatar Petroleum

New flowmeter from South African manufacturer

2nd February 2018 South African manufacturer Instrotech is offering a flow meter called Kobold RCD, for measuring and monitoring the flow of liquids and gases. The company explains that depending on the model, the measuring range of the Kobold RCD ranges from 0.5 ℓ/min to 2 350 ℓ/min for water and 0.5 Nm3/h to 2... 

New gas detection sensors available in SA

2nd February 2018 A range of compact gas sensors from gas detection sensor technology developer Figaro is now available for purchase in South Africa through electronics components supplier RS Components (RS). The company explains that the gas sensors are targeting a wide range of gas monitoring and detection... 

Production starts at Algerian gasfield

2nd February 2018 Energy company Repsol has started production from the Reggane Nord gasfields, in Algeria. With construction completed in December, the company explains that the Reggane Nord gasfields are expected to produce eight-million cubic metres a day of gas. 

Production starts at Algerian gasfield
Photo by Bloomberg
CONTROLLING THE BLAZE There are several blocks of gas producing fields currently controlled by Repsol in Algeria

Looming 2020 bunker fuel deadline spells trouble for coastal refineries

By: Nadine James     2nd February 2018 South Africa’s three coastal refineries – as well as a significant majority of coastal refineries globally – will definitely miss the International Maritime Organisation’s (IMO’s) January 1, 2020 deadline to reduce the sulphur specification in bunker fuel oil (BFO) from 3.5% to 0.5%, says Wright... 

Looming 2020 bunker fuel deadline  spells trouble for coastal refineries
UNCERTAINTY Owing to the uncertainty of the deadline set out by the International Maritime Organisation many shippers and refiners have avoided spending on capital intensive upgrades

Air Liquide launches €200m air separation unit at Sasol

By: Megan van Wyngaardt     1st February 2018 Gas company Air Liquide has launched a €200-million air separation unit (ASU) at energy and chemicals company Sasol's Secunda plant. Said to be the biggest oxygen production unit in the world, the ASU has a production capacity of 5 000 t/d of oxygen. Owned and operated by Air Liquide, it is the... 

Air Liquide launches €200m air separation unit at Sasol

Erin Energy discovers hydrocarbons at Nigeria well

By: Anine Kilian     31st January 2018 JSE-listed Erin Energy has completed drilling of its Nigeria-based Oyo-NW well and, based on preliminary evaluation, has discovered hydrocarbons in the Miocene formation. The well is located about 9.5 km northwest of the Oyo Central field on the company’s block 120 offshore Nigeria. 

Brown says boards of State-owned enterprises must shape up 

By: African News Agency      30th January 2018 Embattled Public Enterprises Minister Lynne Brown on Tuesday told MPs she expected the boards of South Africa's corruption-stricken, cash-strapped parastatals to perform or be replaced. "The message to the boards of all SOCs is that they must shape up or ship out. If they are unable to instill... 

Brown says boards of State-owned enterprises must shape up
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

Natural gas boilers coming to the fore

By: Robyn Wilkinson     26th January 2018 As environmental protection pressures increase globally and the quality of coal being supplied to the local market decreases, Johannesburg-based gas reticulator Egoli Gas and one of its technology partners Steam Generation Africa are confident that interest in natural gas as an alternative fuel... 

Natural gas boilers coming to the fore
CLEANER TECHNOLOGY Steam Generation’s heat recovery boilers are fully insulated and clad, complete with valves and pipework, to ease site installation

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... 

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... 

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

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... 

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... 

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... 

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.

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.

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

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

Sasol’s new strategy shuns GTL as specialty chemicals emerge as key growth driver

By: Terence Creamer     23rd November 2017 Chemicals and energy group Sasol is preparing to sell several assets, including its Canadian shale gas assets, following an overhaul of its corporate strategy, which eschews any further greenfield gas-to-liquids (GTL) investments in favour of smaller acquisitions and projects of between... 

Sasol’s new strategy shuns GTL as specialty chemicals emerge as key growth driver
Photo by Duane Daws
Sasol joint CEOs Bongani Nqwababa and Stephen Cornell

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