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Oil & Gas News

Sasol proposes new R21bn BBBEE ownership transaction 

By: Anine Kilian     20th September 2017 JSE-listed Sasol on Wednesday announced a proposed new R21-billion broad-based black economic empowerment (BBBEE) ownership transaction, Sasol Khanyisa, which will replace Sasol’s debt-ridden Sasol Inzalo fund, which expires in June 2018. When Sasol Inzalo lapses, it will not be able to... 

Encha appoints new chief technology officer

By: Samantha Herbst     18th September 2017 Information and communication technology professional Andy Brauer is the new chief technology officer of investment company Encha – an appointment in line with the company’s strategy to attract partners who are subject-matter domain experts with relevant industry-specific experience and... 

Partnership to supply world-class chain slings in South Africa

15th September 2017 Specialty steel products integrated producer Scaw Metals Group's operation, Distribution Network, has extended its cooperation with lifting, rigging and securement applications manufacturer Crosby by adding Crosby Platinum Line Grade 100 chain fittings to its product offering. Having made the... 

Partnership to supply world-class chain slings in South Africa
Photo by Bloomberg
FACILITY REVAMPED Scaw Metals Group has expanded its chain-manufacturing factory

Consortia, skills, logistics key factors for South Africa to make its mark in Africa

By: Natasha Odendaal     14th September 2017 Consortia, skills and logistics have become the most critical elements in ensuring South Africa’s input in a growing Africa, delegates at the Southern African Metals and Engineering Indaba heard on Thursday. Within a rapidly changing landscape, South Africa urgently needs to start planning... 

PetroSA upbeat about gas exploration

By: Kim Cloete     12th September 2017 Despite a slowdown in exploration and an underinvested industry, South Africa still holds great prospects for exploration in gas, believes PetroSA chief geophysicist Peter Dekker. He told delegates at the South African Geophysical Association (Saga) conference, in Somerset West, that there were... 

Geophysicists urged to innovate amid tough times for exploration

By: Kim Cloete     12th September 2017 The state of exploration for oil and gas as well as mining is in a fix, with exploration spending having decreased by 69% in the last four years, delegates attending the South African Geophysical Association (Saga) 2017 conference have heard. Lockheed Martin business development manager Dan Di... 

Afrox sees 22% increase in headline earnings  

By: Anine Kilian     8th September 2017 JSE-listed African Oxygen (Afrox) has reported a 22% rise in headline earnings a share to 93.3c, though this was at the lower end of the company’s recent guidance for the half-year ended June 30. Delivering the company’s financial results presentation in Johannesburg on Friday, CEO Schalk Venter... 

Afrox sees 22% increase in headline earnings
Afrox CEO Schalk Venter unpacks H1 financial results. Video and editing: Darlene Creamer 8.09.2017

Cost-effective workforce housing supports oil refinery shutdown

8th September 2017 Prefabricated buildings manufacturer Kwikspace Modular Buildings helped to facilitate a smooth turnaround process during a three-month shutdown at one of Southern Africa’s largest crude oil refineries this year, through the supply of modular housing for critical staff. 

Cost-effective workforce housing supports oil refinery shutdown
SHORT-TERM SOLUTION Nearly 100 workers from various international locations needed to be trained and housed for the duration of the three-month project

High-quality weld preparation for oil and gas industry

8th September 2017 Orbital cutting and bevelling machines for high-purity piping from international weld preparation products supplier EH Wachs are now available in South Africa from industrial equipment supplier Dowson & Dobson Industrial, a division of Actum Industrial, to serve the unique needs of the oil and... 

High-quality weld  preparation for oil  and gas industry
SAFETY AND PRECISION The cold cutting process eliminates the risks associated with torch cutting and produces a stronger weld joint

Infrastructure expansion will boost oil rig traffic

8th September 2017 South African ports are projected to receive an injection of almost R44.4-billion over the coming five years from State-owned logistics operator Transnet, which will increase the number of oil rigs docking for maintenance and repairs in South Africa, says defence and security solutions supplier... 

Infrastructure expansion  will boost oil rig traffic
Photo by Bloomberg
INCREASED CAPABILITY Expansions of South Africa’s port infrastructure will increase the number of oil rigs docking for maintenance and repairs in the country

Mobile units ensure flexible fire protection at oil refineries

By: Robyn Wilkinson     8th September 2017 Fire protection equipment supplier DoseTech commissioned a second firefighting trailer-mounted (FTM) unit for a South Africa-based crude oil storage depot last month, providing a highly portable and flexible solution to complement the depot’s existing large-scale foam and water cannon system. 

Mobile units ensure flexible fire protection at oil refineries
SAFETY MADE EASY DoseTech has seen eager demand from South African oil refineries for its mobile fire-protection equipment

Retractable spray injectors important cost savers

By: Robyn Wilkinson     8th September 2017 Retractable spray injectors not only increase the ease and safety of performing inspection and maintenance activities at oil refineries but can also potentially reduce operational downtime and contribute to significant cost savings, says spraying systems provider Monitor Engineering MD Grant... 

Retractable spray injectors important  cost savers
KEY COOLING Spray injectors inject liquids or gases into process streams, providing critical cooling, mixing, quenching, washing, humidifying, gas cooling or chemical reactions

Thermal spray coatings provide protection for refineries

8th September 2017 Thermal spray coatings can produce significant cost savings for refineries by reducing the amount of piping maintenance required to guard against the consequences of corrosion under insulation (CUI), says wear solutions provider Weartech director Adam Wintle.  

Thermal spray  coatings provide  protection for refineries
PROTECTIVE LAYER Coatings produced with thermal spraying are formed when millions of particles are deposited on top of each other and are bonded to the substrate

Company champions enterprise development in fledgling waste industry

By: Nadine James     8th September 2017 Skills and socioeconomic development company Bosch Ulwazi launched the first phase of its three-year Enterprise and Supplier Development (ESD) programme in KwaZulu-Natal, in July. The Petroleum and Waste Recycling programme will assist in developing five businesses that will offer products and... 

Company champions  enterprise development in fledgling waste industry
ENTERPRISE DEVELOPMENT The programme encompasses project and operations management, mentoring and skills development, as well as assistance with International Organisation of Standardisation accreditation

Well-managed upgrades essential at African refineries

By: Robyn Wilkinson     8th September 2017 With demand for cleaner fuel products driving refinery upgrades in Africa, turnaround planning must be carefully managed to eliminate the risks of costly overruns and production losses, which can threaten the economic viability of the projects, says project management consultancy Turner &... 

Well-managed upgrades essential  at African refineries
Photo by Bloomberg
KEEPING UP Refineries are under pressure to become more environment-friendly in respect of their direct impact on the environment and the impact of the fuels they produce

Importing refined fuels quicker and more financially viable for Africa

By: Robyn Wilkinson     8th September 2017 Rather than focusing time and finances on establishing new oil refineries, African countries should enhance their focus on a niche market strength that will enable them to become competitive in a global market, accepting that the import and storage of refined fuels is a quicker and more... 

Importing refined fuels quicker and more financially viable for Africa
RODRICK NAIDOO Countries that have their own crude resources and established mega-refineries could never be outpriced by a South African refinery

Strategic planning ensures successful turnaround on refinery upgrades

8th September 2017 Creative thinking and sound preparation enabled engineering firm MegChem to assist oil company Chevron with large-scale upgrades at its Cape Town refinery in a turnaround period of ten weeks, says MegChem director Louis Odendaal 

Strategic planning ensures successful turnaround on  refinery upgrades
TEAM EFFORT The combined Chevron and MegChem teams worked together closely to complete the upgrades

Statoil acquires an interest in two South African exploration licences

By: Anine Kilian     7th September 2017 Norwegian multinational oil and gas company Statoil has acquired an interest into two South African oil and gas exploration licences. It has bought a 35% interest in exploration right 12/3/252 Transkei-Algoa from ExxonMobil Exploration and Production South Africa. The licence covers about 45 000... 

Woodside steadily building its offshore position in Africa

By: Esmarie Iannucci     6th September 2017 Australian oil and gas major Woodside will continue to grow its portfolio of offshore petroleum assets across the African region, executive VP for global exploration, Phil Loader, said on Wednesday. Speaking on the sidelines of the Africa Downunder conference, in Perth, Loader said that the... 

Woodside steadily building its offshore position in Africa
Photo by Bryan Charlton
Woodside VP for global exploration Phil Loader

PetroSA, Rosgeo sign multimillion-dollar deal for oil, gas exploration in South Africa

By: Anine Kilian     4th September 2017 State-owned PetroSA has signed an agreement with Russian geological exploration company Rosgeo that will result in the investment of about $400-million in oil and gas development off the coast of South Africa. The agreement was signed at the ninth yearly Brics Summit that is currently under way... 

South Africa has insufficient skills for development of a shale gas industry

By: Anine Kilian     1st September 2017 There are insufficient skills in South Africa to support the development of a shale gas industry, South African National Energy Association secretary general Dave Wright said at a national shale gas conference, in Port Elizabeth, on Friday. He noted that the country had a small and limited... 

Government certainty needed for successful shale gas exploration in South Africa

By: Anine Kilian     1st September 2017 Government must make a clear-cut decision on whether or not to proceed with shale gas exploration in the Karoo, University of Cape Town Institute of Marine and Environmental Law's Professor Jan Glazewski said on Friday. Speaking to Engineering News Online on the sidelines of a national shale gas... 

Policy limits South African gas economy

By: Marleny Arnoldi     1st September 2017 Policy and legislation on natural gas are currently bottlenecked in South Africa, which creates limits to South Africa’s gas economy growth, says growth strategy company Frost & Sullivan.  

Policy limits South African gas economy
Photo by Bloomberg
COVERING THE BASES South Africa is unlikely to get to a stage of fully understanding the technicalities and geology of indigenous natural gas until it gathers more empirical data

More participation in safety scheme ensures safe gas use

By: Marleny Arnoldi     1st September 2017 Despite strict safety compliance procedures, industries that use coal-fired or electrical equipment are slowly realising the benefits of using gas-fired equipment instead.  

More participation in safety scheme ensures safe gas use
Photo by Bloomberg
SAFETY CONCERN Having equipment conform to international/national safety standards is key to an effective gas system

Project to unlock local gas economy

By: Marleny Arnoldi     1st September 2017 The pursuit of piped gas into South Africa from Mozambique could unlock South Africa’s gas economy, says investment and project development company Fortune Capital.  

Project to unlock local gas economy
Photo by Bloomberg
UNLOCKING POTENTIAL Fortune Capital is an entity that is going to enable power players to access gas in South Africa Filename:

Waste management company recommends alternative energy switch

By: Marleny Arnoldi     1st September 2017 Considering natural gas as an alternative energy source could prove beneficial for the country’s economy in the long run, says waste management company Interwaste COO Jason McNeil.  

Waste management company recommends alternative energy switch
JASON MCNEIL South Africa’s gas economy is in its infancy, but once the market becomes more competitive, you will see a lot more technology introduced

Report indicates more research needed before fracking in the Karoo is allowed

By: Anine Kilian     31st August 2017 It is vital that all matters related to the development of a shale gas industry be carefully analysed and evaluated before South Africa considers exploiting shale gas, says University of Cape Town senior researcher Professor Cyril O’Connor. “It is well known that the exploitation of shale gas may... 

Uncertain power price path heightening grid-defection risk, EIUG warns

By: Terence Creamer     31st August 2017 Energy Intensive Users Group of Southern Africa’s (EIUG’s) Piet Van Staden has expressed serious anxiety about the near-term sustainability of South Africa’s electricity industry in light of the prospect of yet more tariffs hikes, which would further damage industrial demand and, in turn, trigger... 

Uncertain power price path heightening grid-defection risk, EIUG warns

Gas vital to South Africa’s energy mix

By: Anine Kilian     31st August 2017 All countries face energy challenges and must manage this by improving energy security and economic development, without compromising sustainable development, Department of Science and Technology (DST) director-general Dr Phil Mjwara said on Thursday. He pointed out that sub-Saharan Africa was... 

Fracking a potential 'game-changer' for South African economy - ASSAf professor

By: Anine Kilian     31st August 2017 Hydraulic fracturing (fracking) could be a “game-changer” for South Africa’s economy, Academy of Science of South Africa (ASSAf) VP Professor Barney Pityana said on Thursday. Addressing delegates at a national shale gas conference, hosted by ASSAf in partnership with the Department of Science and... 

CIG expects lower FY17 earnings

By: Creamer Media Reporter      31st August 2017 JSE-listed Consolidated Infrastructure Group (CIG) expects its earnings per share (EPS) and headline earnings per share (HEPS) for the financial year ended August 31, to decrease by 25% to 35%. EPS are expected to be between 165.75c and 191.25c, compared with 225c in the 2016 financial year,... 

Cape Town’s first oil storage, distribution terminal open for business

By: Samantha Herbst     30th August 2017 Cape Town’s first independent oil storage and distribution terminal, Burgan Cape Terminal, was officially opened in the Eastern Mole of the Port of Cape Town on Tuesday. The city’s newest energy asset offers 122 000 m3 of diesel and petrol storage and will offer the option to blend bioethanol and... 

Cape Town’s first oil storage, distribution terminal open for business

Botswana reaffirms commitment to 100 MW solar project

By: Terence Creamer     29th August 2017 The Botswana government has assured potential renewable-energy investors that it will follow through with the implementation of a proposed 100 MW utility-scale solar project, for which it received 166 responses to a call for expressions of interest (EoI) released earlier this year. The Botswana... 

Botswana reaffirms commitment to 100 MW solar project

Oando says petitions submitted to SEC against it have no merit

By: Anine Kilian     28th August 2017 JSE- and Nigerian Stock Exchange-listed Oando on Monday said two petitions submitted to the US Securities and Exchange Commission (SEC), alleging gross abuse of corporate governance and financial mismanagement by Oando, have no merit. The petitions were filed against the company by investment... 

Science sector’s action on shale gas to be deliberated at conference

By: Anine Kilian     28th August 2017 A science action plan to help steer the South African shale gas industry will be considered at a national shale gas conference to be hosted by the Academy of Science of South Africa (ASSAf), in partnership with the Department of Science and Technology, in Port Elizabeth, later this week. The... 

M&R homes in on US construction acquisition

By: Terence Creamer     24th August 2017 Restructured engineering and construction group Murray & Roberts (M&R), which offers project lifecycle services in selected natural resources markets globally, is actively pursuing a US acquisition, which it hopes to consummate during the company’s 2018 financial year. CEO Henry Laas tells... 

M&R homes in on US construction acquisition
Photo by Duane Daws
CEO Henry Laas

M&R reports ‘low’ order book of R26.9bn, but says outlook more promising

By: Terence Creamer     23rd August 2017 JSE-listed engineering and construction group Murray & Roberts (M&R) said on Wednesday that its “low” order book of R26.9-billion was reflective of tough conditions in the natural resources markets it serves internationally. However, the company described the near- and medium-term outlook as... 

M&R reports ‘low’ order book of R26.9bn, but says outlook more promising
M&R CEO Henry Laas

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