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Oil & Gas News

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

Libya's NOC declares force majeure on 70 000 bbl/d El Feel oilfield

By: Reuters     26th February 2018 Libya's National Oil Corporation (NOC) said on Saturday it had declared force majeure on the 70 000 bbl/d El Feel oilfield after a protest by guards closed the field. El Feel was shut after guards withdrew from the field to push demands over pay and other benefits earlier this week. 

Afrox rises above weak environment, achieves strong FY17 results

By: Megan van Wyngaardt     22nd February 2018 JSE-listed African Oxygen (Afrox) on Thursday reported yet another year of strong results, with revenue for the 12 months to December 31 up 6% to R5.69-billion. Headline earnings a share rose by 32.3% year-on-year to 201c and basic earnings a share by 30.7% to 203.6c. 

Afrox rises above weak environment, achieves strong FY17 results
Photo by Duane Daws
Afrox CEO Schalk Venter

SNC-Lavalin awarded Engen refinery shutdown contract

By: Schalk Burger     21st February 2018 SNC-Lavalin has been awarded a $12.4-million contract for the February 2018 refinery turnaround at the Engen crude refinery, in Durban, for Engen Petroleum. The scope of work on this project involves the planning, preparation and execution of all mechanical activities on the North Complex and... 

Nigerian State oil firm spent $5.8bn on fuel imports since late 2017

By: Reuters     21st February 2018 Nigeria's State oil firm said on Tuesday it had spent $5.8-billion on fuel imports since late 2017, as it combats a fuel shortage that has left people queuing for hours at filling stations and hobbled an already-struggling economy. "The corporation's intervention became necessary following the... 

Congo seeks relief talks with oil traders over $2bn debt

By: Reuters     20th February 2018 Congo Republic is set to become the latest African country to start debt relief talks with trading houses after borrowing $2-billion from merchants such as Trafigura and Glencore but now finding its debt levels unsustainable, sources familiar with the matter said. Trading houses regularly lend... 

SNC-Lavalin secures 4yr maintenance contract with Shell South Africa

By: Schalk Burger     20th February 2018 SNC-Lavalin has been awarded a four-year maintenance service and support contract for ten fuel storage facilities for oil multinational Shell Downstream South Africa. The scope of work includes mechanical, electrical, instrumentation and piping maintenance related services for ten Shell terminal... 

Public-private partnerships key for gas infrastructure development in SADC region

By: Anine Kilian     19th February 2018 Public-private partnerships are key to developing gas supply projects in the Southern African Development Community (SADC), Nepad Business Foundation (NBF) Africa infrastructure programme manager Peter Varndell said on Monday. Speaking at the Africa Gas Forum, in Johannesburg, he said there was... 

Africa not making the most of its gas reserves

By: Anine Kilian     19th February 2018 Only 8% to 10% of Africa’s known gas reserves are being priortised, despite the fact that gas reserves on the continent are abundant, Catalyst Capital managing partner Adero Okudo said on Monday. Speaking at the Africa Gas Forum, in Johannesburg, she said there were only two crossborder pipelines... 

Africa needs to develop its gas infrastructure

By: Anine Kilian     19th February 2018 Africa has a significant and growing gas resource, but gas capability on the continent is disappointingly low, says Quantum Power founding partner Dr Louis van Pletsen. He told delegates attending the Africa Gas Forum, in Johannesburg, on Monday, that, although there were large hydro and... 

Event to add value to African energy sector

By: Simone Liedtke     16th February 2018 To bolster the socioeconomic development of the African energy sector, Africa Energy Indaba (AEI) chairperson Brian Statham says thinking within the sector needs to be expanded. 

Event to add value to African energy sector
BRIAN STATHAM Diversity energy sources provide an opportunity to interconnect energy systems

Lubricants company creates specialist division to drive localisation

By: Marleny Arnoldi     9th February 2018 Lubricants specialist FUCHS Lubricants South Africa (FUCHS) and its parent company FUCHS Petrolub SE, based in Germany, have created a Lubritech division to drive a specialisation and localisation agenda.  

Lubricants company creates specialist  division to drive localisation
Photo by Duane Daws
PLANT FOR PURPOSE Before food-grade lubrication can be manufactured, it needs certain certifications, including Kosher, Halaal and ISO 21469 certification

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... 

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