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Oils and Lubricants

Durban refinery gets go-ahead to up output 20%

18th March 2003 South African environmental authorities have given the green light to Engen's Durban refinery to raise production by 20% to 150 000 barrels per day (bpd), the refinery said yesterday. 

Petrosa to pay State R1,6bn dividend

18th March 2003 The Petroleum, Oil and Gas Corporation of South Africa (Petrosa) is to pay a special dividend of R1,6-billion to government. 

The state of State oil

By: Jill Stanford     17th March 2003 State oil company PetroSA, formed last year from a merger of synthetic-fuel producer Mossgas, oil production and explor-ation company Soekor and some of the Strategic Fuel Fund operations, hopes to shed its ‘white elephant’ tag and transform itself into an effective vehicle for... 

Petronas buys Mobil business in Sudan

17th March 2003 Malaysia's state oil and gas firm Petronas said on Friday it has completed the purchase of Mobil International Petroleum Corp's Sudan unit to boost its Sudanese operations. 

The state of State oil

14th March 2003 State oil company PetroSA, formed last year from a merger of synthetic-fuel producer Mossgas, oil production and exploration company Soekor and some of the Strategic Fuel Fund operations, hopes to shed its ‘white elephant’ tag and transform itself into an effective vehicle for... 

Decision time for oil sector as 2006 looms

14th March 2003 SOME very important decisions will have to be made by the oil companies on how they are going to meet their post-2006 product requirements says the South African Petroleum Industry Association’s (Sapia’s) 2002 report released earlier this month. 

Spare Opec capacity squeezed – energy agency

13th March 2003 Spare Opec oil production capacity has been squeezed to just half the volume of Iraq's exports, exposing world markets as war looms, the International Energy Agency (IEA) said yesterday. 

Lockerbie deal may see re-entry of US firms into Libya

13th March 2003 US oil companies could be one step closer to restarting their long-mothballed operations in Libya, after the energy-rich nation reportedly reached an agreement with Washington and London this week to accept responsibility for the 1988 Lockerbie bombing. 

Opec seeks to prevent energy shortage in war

12th March 2003 The Opec cartel prepared yesterday to reassure anxious world energy markets that it could prevent an oil shortage during any war on Iraq. 

Energy Africa buys into E Guinea block

12th March 2003 South African-based oil and gas exploration and production group, Energy Africa Limited, has announced that a farmout agreement has been signed with Chevron Equatorial Guinea – affiliate of ChevronTexaco – to acquire a 20% interest in Block L, Equatorial Guinea. 

East Africa seeks energy-exploration investors

7th March 2003 The three East African countries of Kenya, Uganda and Tanzania said this week they would step up efforts to woo oil prospecting companies into the region to find oil so they can cut down on their import bill. 

Sasol expected to report strong results

7th March 2003 South African synthetic fuel producer Sasol is expected to post a small rise in half year earnings when it reports results next week, fuelled by a stronger crude oil price and a weaker rand. 

Norwegian firm in Sao Tome oil deal

6th March 2003 Norway's Petroleum Geo-Services (PSG) has signed a revised offshore oil exploration pact with the African island nation of Sao Tome e Principe, Portuguese news agency Lusa reported. 

SA oil sector worried about future profitability

5th March 2003 The South African oil industry earned operating profits of R5,687-billion in 2001, says the latest South African Petroleum Association (Sapia) report published yesterday. 

IST contract with Kuwait oil-company extended

5th March 2003 Pretoria-based asset management solutions provider MST, which was acquired by the IST Group in December 2002, has had its contract to assist the Kuwait National Petroleum Company (KNPC) with the rollout of a new integrated asset management system initiative extended, to provide KNPC with data... 

War will force Kuwait to cut back oil output

5th March 2003 Kuwait said it would close as much as a third of its oil output if war erupts in Iraq, underlining concerns that more than just Iraqi supplies will be stopped during a conflict. 

Chad oilfield due onstream ahead of plan mid-2003

3rd March 2003 An oilfield being developed in Chad by an ExxonMobil Corporation-led group will come onstream six months ahead of schedule in mid-2003, the company said on Friday. 

Oil refinery backs supplier empowerment

28th February 2003 Black economic empowerment (BEE) has been taken a step further at Engen’s Durban oil refinery thanks to two of its service providers joining forces to form BRG5M. 

Oil explorers announce well extension in E Guinea

27th February 2003 Independent oil company Amerada Hess Corporation said an appraisal well extended an earlier discovery in its prolific holdings offshore Equatorial Guinea. 

Nigerian firms allocated 24 marginal oilfields

26th February 2003 Nigeria allocated 24 marginal oilfields to indigenous firms on Monday, under its plan to encourage local expertise in the country's mainstay industry. 

$3bn Angola oil project begins

21st February 2003 US oil major Exxon Mobil unit, Esso Exploration Angola, this week started construction of a $3-billion offshore project expected to recover nearly a billion barrels of oil, the firm said. 

Nigerian government meets oil strike leaders

20th February 2003 Nigeria's Department of Petroleum Resources (DPR) began talks yesterday with union leaders on ending a strike by its senior staff who monitor oil loadings, officials said. 

Opec to prevent oil shortage in case of war – Attiyah

20th February 2003 The Organisation of Petroleum Exporting Countries (Opec) will act quickly to avoid oil market shortages in case of a war in Iraq, Opec president Abdullah al-Attiyah said in a television interview broadcast on Tuesday. 

Nigeria seeks immediate end to oil strike

20th February 2003 The Nigerian government called leaders of striking oil workers to urgent talks yesterday, but insisted they first call off the action before any negotiations. 

Nigeria oil exports continue at start of strike

18th February 2003 A strike by senior Nigerian oil workers came into force yesterday and quickly won the support of blue-collar workers, but showed no immediate effect on export loadings, oil industry officials said. 

Sasol plays down impact of new pricing scheme

17th February 2003 South African fuel producer Sasol said on Friday a new fuel price scheme to be introduced in April could hurt earnings, but only by between 2% and 3% in the next financial year. 

Nigeria oil union says set for total strike today

17th February 2003 The world oil markets faced a turbulent week ahead as Nigeria's white-collar oil union PENGASSAN said on Sunday it had fully mobilised for a "total" indefinite strike targeted at exports. 

Unleaded-fuel issues highlighted

By: Zonika Botha     14th February 2003 South Africa is set to join the likes of the US, Europe and Asia when it totally eliminates the use of leaded fuel by January 1, 2006. 

Middle East tension could boost African oil, lubricants

14th February 2003 The oil industry is set to become one of the boosts to African development in the twentyfirst century. 

German oil air lubrication system introduced locally

14th February 2003 Specialist in bearings, seals, power transmission components, gear products and belting, Bearing Man, has launched a new oil air lubrication system from Germany that has been installed in a number of local rolling mills. 

Angola to host oil, gas summit

14th February 2003 The seventh edition of the African Oil and Gas, Trade and Finance Conference and Showcase is to be held in Angola and will be jointly organised by a team combining both international and local expertise. 

Firm calls for proactive control

14th February 2003 The implementation of a quality-management system for the proactive control of lubrication and tribology processes enables one to identify the real cost drivers involved in wear and poor lubrication. 

Firm appointed as sole distributor for US range

14th February 2003 Local company IMS Industrial Products has been appointed the sole and exclusive authorised distributor for Wiggins Service Systems and Fuelcom products for the whole of Africa. 

New US product range launched in SA

14th February 2003 The sole importer of the Lincoln lubrication systems for Southern Africa, Lincoln Lubrication SA, has announced the launch of the new Fast Fill System product range that is manufactured in the US, reports Lincoln Lubrication SA’s Patrick Sandker. 

Partnership formed to provide technical support

14th February 2003 Engine distributor Cummins Diesel SA has forged a new technology partnership with filter specialists Fleetguard and lubricants manufacturer Valvoline, to provide a dedicated technical support network for users of the most advanced generation of low-emission Cummins engines. 

Food-grade lubricants minimise contamination risk

14th February 2003 The cost of implementing good hygiene practices and quality systems – including correct lubrication – is small compared with the value of food and beverage brands and the risk of damage in the event of a food safety disaster. 

Great empowerment strides already taken, says association

By: Marius Roodt     14th February 2003 Much good work has been done by South African oil and petroleum companies, with regard to black economic empowerment (BEE), says South African Petroleum Industry Association (Sapia) director Colin McClelland. 

Oil analysis laboratory opened

By: Marius Roodt     14th February 2003 A Roodepoort-based company has recently improved its technical capabilities through the construction of a new oil analysis laboratory. 

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