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Oil & Gas News

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.  

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.

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... 

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

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... 

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... 

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

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

Nigeria awards two of three gas pipeline deals

By: Reuters     6th April 2018 The Nigerian National Petroleum Corporation (NNPC) said on Friday it had awarded two of three gas pipeline contracts which in total will be worth more than $2.8-billion. One contract for a roughly 200 km (124.27 miles) stretch of the 614 km Ajaokuta-Kaduna-Kano pipeline and stations was awarded... 

Ghana to review corporate tax exemptions for resources sector

By: Reuters     5th April 2018 Ghana plans to review its process for granting corporate tax exemptions to mining and oil companies as part of measures to eliminate fraud and boost revenues, its vice president said on Wednesday. Mahamudu Bawumia said tax exemptions claimed by some resources companies were not transparent, and... 

Oando commissions new office building in Lagos

By: Anine Kilian     5th April 2018 Dual-listed Oando has officially commissioned its new office building, the Wings Office Complex, in Lagos, Nigeria. The complex, which was commissioned by State and Petroleum Minister Ibe Kachickwu,  comprises two 12-storey towers with 27 000 m2 of lettable office space, a three-level car park,... 

BP's coastal bunker barge now operational at Port of Richards Bay

By: Marleny Arnoldi     29th March 2018 South Africa’s first coastal bunker barge Amber II is now operational at Transnet National Ports Authority’s (TNPA) Port of Richards Bay, serving as a floating storage and fuel replacement vessel for petrochemicals company BP’s customer vessels at the port.  

BP's coastal bunker barge now operational at Port of Richards Bay
BP's Amber II operational at Port of Richards Bay

Congo's 2017 mining revenue up 36% while oil revenue doubles

By: Reuters     26th March 2018 Democratic Republic of Congo's 2017 mining sector revenue rose 35.6% to $822.2-million while revenue from the oil and gas sector jumped by 103% to $203.9-million, finance ministry data showed. Mining revenue in the fourth quarter more than doubled helped by higher prices for key exports such as... 

Gabon to revise hydrocarbons law to attract investment – oil ministry

By: Reuters     23rd March 2018 Gabon plans to revise its hydrocarbons law to attract new investment, the oil ministry said on Thursday. Under the current legal framework, the Gabonese state holds a minimum 20% stake in oil projects. The state oil company has the right to a stake of up to 15%. 

Genel might starting drilling in Somaliland in 2019 – CEO

By: Reuters     22nd March 2018 Kurdistan-focused Genel Energy might start drilling in Somaliland next year, Chief Executive Murat Ozgul said on Thursday, as the group reported 2017 results broadly in line with expectations. "For the long term, I really like (our) Somaliland exploration assets. It's giving me a sense of... 

Africa’s downstream oil industry holds promise

By: Kim Cloete     14th March 2018 The downstream market is dynamic in Africa and continues to evolve and become more transparent throughout the supply chain, says African energy specialist CITAC Africa executive director Gary Still. He told the annual African Refiners & Distributors Association (ARA) conference, in Cape Town, on... 

BP outlines the prospects for global energy demand

By: Kim Cloete     13th March 2018 India is rapidly emerging as the world’s largest growth market for energy, says BP West Africa head of origination John Goodridge. He told the annual African Refiners & Distributors (ARA) conference, in Cape Town, that while growth in energy demand in China was tapering off, demand in India would... 

Nigeria aims to become net exporter of refined petroleum by the end of 2019

By: Kim Cloete     13th March 2018 The Nigerian National Petroleum Corporation Nigeria (NNPC) is pushing ahead with its goal to revive its oil refineries and become a net exporter of petroleum products by the end of next year, delegates at the annual conference of the African Refiners & Distributors Association (ARA), in Cape... 

Himoinsa sees demand growth in construction, mining in Africa 

By: Schalk Burger     12th March 2018 Power equipment manufacturer Himoinsa has expanded its local African teams and partners to meet the growing demand for custom-designed power systems and generators in the construction and mining sectors, Himoinsa Europe, Middle East and Africa director Guillermo Elum said on Monday. The demand... 

Himoinsa sees demand growth in construction, mining in Africa
Himoinsa EMEA regional director Guillermo Elum, Himoinsa Southern Africa MD Martin Foster and Himoinsa Southern Africa business development director Matthew Bell discuss the company’s growth and business development in Africa. Video and editing: Nicholas Boyd.

Analysers provide optimised refinery operations and quality

9th March 2018 Specialised engineering company RTS Africa Engineering’s Hy-Optima 2700 hydrogen analysers optimise refinery operations, products and quality. The basic process of refining crude oil involves heating the crude oil in a column and the condensates are drawn off at different levels to produce –... 

Analysers provide optimised refinery operations and quality
METICULOUS MONITORING There are up to 23 points in an oil refinery where the level of hydrogen needs to be very accurately monitored

BP and Renault Sport Racing strengthen strategic relationship

9th March 2018 Multinational petroleum company BP has extended its sponsorship of multinational automotive manufacturer Groupe Renault’s motorsport division Renault Sport Racing. BP will continue its support of Renault Sport Formula One Team for at least the next five years and explore new opportunities to... 

BP and Renault Sport Racing strengthen  strategic relationship
TUFAN ERGINBILGIC BP is looking forward to its continued relationship with Renault Sport Racing

Energy company launches new product, expands operation

By: Jessica Oosthuizen     9th March 2018 Independent energy company SA Oil made its new brand of fuel, Accelerate Special Gasoline, available to the market last month. This follows the response to a product trial, which ran between 2016 and 2017, where it was made available in limited quantities and “enthusiastically accepted among... 

Energy company  launches new product,  expands operation
GARY PULLEN SA Oil is entering the agricultural market, with a client-centric service offering

Energy execs says tariff gambit could hit shale, LNG project costs

By: Reuters     7th March 2018 Energy executives say the Trump administration's proposed steel and aluminum tariffs could bump up the cost of big-ticket projects needed for rapidly rising US shale oil and gas output by three to 10%. Higher construction costs could slow growth in production and exports of crude and natural gas... 

Undoing State capture in South Africa will face stiff resistance, sabotage – Gordhan 

By: African News Agency      6th March 2018 Public Enterprises Minister Pravin Gordhan on Tuesday said the new political dispensation in South Africa and the reversal of the “bad things” which led to the capture of key state institutions by private interests will be regularly opposed by the beneficiaries of the corruption. “I think we all... 

Undoing State capture in South Africa will face stiff resistance, sabotage – Gordhan
Photo by Creamer Media
Public Enterprises Minister Pravin Gordhan

M&R’s oil and gas unit turns to ‘complementary markets’ amid project slowdown

By: Terence Creamer     1st March 2018 The oil and gas unit of engineering and construction group Murray & Roberts (M&R) is actively pursuing projects in “complementary markets”, owing to a slowdown in new project activity in the Australasian oil and gas sector. The value of M&R’s oil and gas order book has fallen to below R4-billion,... 

M&R’s oil and gas unit turns to ‘complementary markets’ amid project slowdown
M&R CEO Henry Laas

South Sudan accuses oil group of pollution, threatens shutdown

By: Reuters     1st March 2018 South Sudanese lawmakers have accused the consortium running the country's last working oilfields of dumping expired chemicals in the bush, and have threatened to shut down production unless it stops. Members of parliament's energy committee told the assembly they had seen containers holding old... 

Underground mining lifts M&R in challenging market

By: Terence Creamer     28th February 2018 Engineering and construction group Murray & Roberts (M&R) reported a strong rise in results for the six months to December 31 on the back of a robust performance from its underground mining unit, as well as reduced Middle Eastern losses. In addition, the results were buoyed by the fact that a... 

Underground mining lifts M&R in challenging market
Photo by Duane Daws
M&R CEO Henry Laas

African refiners conference to be held in March

By: Anine Kilian     28th February 2018 Major changes and hard decisions facing the downstream oil industry in Africa are high on the agenda of the African Refiners and Distributors Association (ARA), which will hold its thirteenth yearly conference, in Cape Town, from March 12 to 16. Amid oil companies’ divestment of assets and the... 

Angola oil production declines slightly in 2017, profits rise

By: Reuters     28th February 2018 Oil production for Angola, Africa's No. 2 crude producer, averaged 1.632-million barrels per day in 2017, down from 1.72-million barrels the previous year, the chairman of the state-run oil company Sonangol said on Wednesday. Angola has been grappling with the effects of generally depressed oil... 

Sasol expects to realise $1bn from noncore asset disposals 

By: Terence Creamer     26th February 2018 Chemicals and energy group Sasol expects to realise more than $1-billion from the disposal of noncore assets in the coming few years. However, besides its Canadian shale-gas assets, which have been formally put up for sale, the group is yet to announce which other assets will be sold. Speaking at... 

Sasol expects to realise $1bn from noncore asset disposals
Sasol joint CEO Stephen Cornell on the group's noncore asset disposal plan. Camera Work & Editing: Nicholas Boyd. Recorded: 26.2.2018

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