http://www.engineeringnews.co.za
R/€ = 16.24 Change: 0.14
R/$ = 14.35 Change: 0.14
Au 1322.29 $/oz Change: 9.93
Pt 855.37 $/oz Change: -10.37
 

Refineries & Retail News

Sasol donates $250 000 to those hit by tropical cyclone Idai

By: African News Agency      22nd March 2019 Sasol on Thrsday committed to donate $250 000, or about R3.56-million, for the relief and support of communities that have been severely affected by the tropical cyclone Idai in Beira and Dondo in Sofala province of Mozambique. This will also be provided to other impacted areas in Inhambane... 

Levies to add to expected fuel price hike in April – AA 

By: News24Wire      15th March 2019 South African consumers should brace for a possible increase in the basic fuel price in April of 98 cents per litre for petrol, 70 cents per litre for diesel and 63 cents per litre for illuminating paraffin, the Automobile Association (AA) said in a statement on Friday. The AA warned that the... 

 Levies to add to expected fuel price hike in April – AA

Uganda probes refinery over alleged smuggling of gold

By: Reuters     14th March 2019 Ugandan authorities said on Wednesday they are investigating the country's biggest gold refinery over recent imports of an estimated 7.4 tonnes of gold, worth some $300-million. Ugandan state-run media has reported the gold could have originated from Venezuela, which has been selling gold to prop... 

Novo Energy launches R130m gas compression facility in eMalahleni  

By: Marleny Arnoldi     8th March 2019 Energy solutions company Novo Energy on Friday launched a R130-million large-scale natural gas compression facility at the Highveld industrial park, in eMalahleni, Mpumalanga. The facility provides cleaner, more reliable and cost-effective energy, compared with coal and other petroleum products. 

Novo Energy launches R130m gas compression facility in eMalahleni

Companies sign share purchase agreement worth $350-million

8th March 2019 Energy producer Chevron, a wholly-owned subsidiary of Chevron Corporation, has announced that it has signed a share purchase agreement with petroleum products marketer and refiner Petrobras America (Petrobras) to acquire all the outstanding shares and equity interests of refinery company Pasadena... 

Companies sign share purchase agreement  worth $350-million
CHEVRON OIL REFINERY A refinery with a capacity to process about 110 000 bbl/d of light crude

Growth boosts fuel distributor

By: Thabi Madiba     8th March 2019 The 100-million litres supplied to logistics, construction and mining companies in 2017 compared to the 151-million supplied in 2018, shows a significant growth of 51%, which fuel distributor Advent Oil MD Lebo Mbethe hopes will serve as a catalyst for the business in 2019. She attributes this... 

Growth boosts  fuel distributor
GROWTH IN NUMBERS Hunger for taking up new changes in a demanding market will catalyse growth for Advent Oil

African fuel retailer Vivo Energy posts higher profit, volumes

By: Reuters     6th March 2019 African fuel retailer Vivo Energy Plc reported a 2% rise in 2018 gross profit on higher volumes and forecast low to mid double-digit%age volume growth for the current year despite tough market conditions in Morocco. The company, which distributes and markets Shell-branded fuels and lubricants in... 

Zimbabwe allows mines, others to import own fuel as shortages bite

By: Reuters     6th March 2019 Zimbabwe on Tuesday allowed mining companies and other businesses to import their own fuel following shortages that have gripped the economy in the last six months due to a severe dollar crunch, a cabinet minister said. Supplies of fuel in the southern African nation have been intermittent since... 

Afrox FY18 HEPS fall amid adverse operating environment 

By: Simone Liedtke     6th March 2019 Adverse movements in JSE-listed African Oxygen’s (Afrox’s) operating environment resulted in the company’s headline earnings per share (HEPS) for the year ended December 31, 2018, decreasing by 23% year-on-year to 154.9c. Basic earnings per share (EPS) decreased by 29% to 144.8c, while diluted... 

Afrox FY18 HEPS fall amid adverse operating environment
Afrox CFO Matthias Vogt speaks to Engineering News Online about the company's results and challenges for FY18. Video & Editing: Creamer Media's Nicholas Boyd.

Afrox appoints John Panikar as chairperson

By: Simone Liedtke     5th March 2019 JSE-listed African Oxygen (Afrox) chairperson Bernd Eulitz has resigned, with effect from April 1. John Panikar will assume the role of chairperson of the board and member of the Nominations, Governance and Management of Resources Committee, following Eulitz’s resignation. 

Petrol and diesel increase will have negative effect on economy – trade union UASA

By: African News Agency      4th March 2019 Trade union the United Association of South Africa (UASA) on Monday said the 74 cents per litre of petrol increase and almost R1 per litre of diesel increase that workers will pay as from Wednesday, combined with the increase in toll gate fees that came into effect on Friday, will have a negative... 

Petrol and diesel increase will have negative effect on economy – trade union UASA

Big fuel price increase on Wednesday

By: News24Wire      4th March 2019 South African motorists will be paying 74 cents more per litre of petrol and between 91 and 93 cents more per litre of diesel from midnight on Tuesday. The fuel price announcement for March was made by Minister of Energy, Jeff Radebe, on Monday morning. 

Big fuel price increase on Wednesday

Fuel price cap research still in progress, says director general 

By: News24Wire      26th February 2019 Deputy director general for petroleum and petroleum products regulation at the Department of Energy, Tseliso Maqubela, said on Tuesday that research into the feasibility of a fuel price cap was not yet finished. On the sidelines of a meeting of Parliament's oversight committee on energy, Maqubela... 

 Fuel price cap research still in progress, says director general

Energy minister's remarks point to upcoming fuel price hike

By: News24Wire      26th February 2019 Minister of Energy Jeff Radebe told Parliament's oversight committee on energy on Tuesday that difficulties beyond the government's control look set to inform the fuel price announcement due at the end of the week. His remarks strongly point towards a fuel price hike for motorists. The final fuel... 

 Energy minister's remarks point to upcoming fuel price hike
Minister of Energy Jeff Radebe

Renergen’s Tetra4 signs LNG supply deal with Black Knight

By: Simone Liedtke     26th February 2019 Integrated alternative and renewable energy business Renergen’s Tetra4 subsidiary has secured an agreement with fuel products distributor Black Knight Group for the sale of liquefied natural gas (LNG). Black Knight has, in recent years, developed a logistics division to provide holistic fuel... 

Sasol half-year profit rises

By: Reuters     25th February 2019 South African petrochemicals group Sasol on Monday reported an 18% jump in half-year profit on the back of higher crude oil prices, a weaker rand to the dollar and higher margins in its speciality chemicals unit. Core headline earnings per share (HEPS) rose to R21.45 ($1.54) for the six months... 

Sasol half-year profit rises

Event set to dissect the future of African energy

By: Paige Müller     15th February 2019 The eleventh edition of the Africa Energy Indaba – which will take place at the Sandton Convention Centre, in Johannesburg, from February 19 to 20 this year – will focus on the future prospects and direction of energy on the African continent from an energy provision and investment point of view.... 

Event set to dissect the future of African energy
Photo by Duane Daws
AFRICA’S ENERGY FUTURE The Africa Energy Indaba will take place at the Sandton Convention Centre, in Johannesburg, from February 19 and 20 this year

What to expect from 2019 Africa Energy Indaba

15th February 2019 The Africa Energy Indaba Conference is the definitive energy conference for Africa providing an annual programme that shapes energy policy for the African continent. Key issues that impact the African energy sector will be discussed and debated at the event, based on the outcomes of the 2018... 

What to expect from 2019 Africa Energy Indaba
ADEQUATE GENERATION The Africa Energy Indaba Conference will discuss, debate and seek solutions to enable adequate energy generation across the continent.

Sasol expects higher H1 earnings, but warns of Lake Charles cost increase

By: Nadine James     8th February 2019 Chemicals and energy company Sasol expects to report earnings per share (EPS) and headline earnings per share (HEPS) of between R23.71 and R24.16 and between R22.97 and R23.68, respectively, for the six months ended December 31. This means EPS is expected to increase by between 110% and 114%... 

Petrol price likely to go up in February – AA

By: News24Wire      29th January 2019 The price of petrol is likely to go up and that of diesel down in February, according to the Automobile Association (AA). The AA was commenting on unaudited month-end fuel price data released by the Central Energy Fund (CEF). 

Petrol price likely to go up in February – AA

Nigerian commodities king Dangote targets foreign markets in sales push

By: Reuters     22nd January 2019 Africa's richest man, Aliko Dangote, said on Monday he expected to step up exports of cement and other commodities from Nigeria from this year as he focuses on foreign markets to boost sales and generate much-needed hard currency. Dangote told Reuters he expected to have 8 million tonnes of... 

Egypt to invest $9bn in refineries' upgrade over four years – Minister

By: Reuters     21st January 2019 Egypt plans to upgrade six oil refineries at a cost of about $9-billion over four years to increase domestic production to 41-million tonnes a year, the petroleum minister said. "We are trying to secure crude oil supplies for Egyptian refineries to increase local production of refined products,"... 

Location a key discussion point as Saudi Aramco mulls South African refinery investment

By: Terence Creamer     18th January 2019 “Location, location, location,” South Africa’s Minister Jeff Radebe quipped on Friday after a meeting with his Saudi counterpart, Khalid Al-Falih, where it was agreed that Saudi Aramco and the Central Energy Fund (CEF) would jointly study a plan for a new oil refinery and petrochemical investment... 

Location a key discussion point as Saudi Aramco mulls South African refinery investment
Kingdom of Saudi Arabia’s Energy, Industry and Mineral Resources Minister Khalid Al-Falih with South Africa's Energy Minister Jeff Radebe

Saudi Arabia plans oil refinery, petrochemicals plant in South Africa

By: Reuters     18th January 2019 Saudi Arabia plans to build an oil refinery and a petrochemicals plant in South Africa as part of $10-billion of investments in the country, Saudi Energy Minister Khalid Al-Falih said on Friday. In comments following a meeting with South Africa's energy minister Jeff Radebe in Pretoria, Al-Falih... 

AA predicts another fuel price drop for February

By: News24Wire      15th January 2019 The Automobile Association (AA) said on Tuesday that the fuel price would likely fall in February, based on unaudited mid-month fuel price data released by the Central Energy Fund. The AA said the projected drop in the price of petrol, diesel and illuminating paraffin was due to international oil... 

 AA predicts another fuel price drop for February

World's highest gasoline price prompts strike in Zimbabwe

By: Bloomberg     14th January 2019 Police clashed with protesters in the Zimbabwean capital as the main labor-union confederation began a national strike after the government more than doubled fuel prices to the highest in the world. The stay-away comes as a foreign-exchange shortage has sparked scarcities of everything from fuel... 

Egypt's Carbon Holdings secures $1.25bn to build petrochemicals complex

By: Reuters     10th December 2018 Egypt's Carbon Holdings has secured $1.25-billion in financing to build a giant petrochemicals complex in the Red Sea port of Ain Sokhna. The Tahrir Petrochemicals Complex, a $10.9-billion project, would be the largest in the Middle East and is expected to create 48 000 jobs. 

Kaefer SA holds partner-focused innovation day as it celebrates 100 years of sustainable growth

By: Schalk Burger     30th November 2018 Kaefer in South Africa, a division of German industrial insulation and thermal solutions multinational, celebrated 100 years of innovation and sustainable growth during a partner-focused innovation day in November, which also saw the handover of the local division to incoming MD Ben Garrad.... 

Kaefer SA holds partner-focused innovation day as it  celebrates 100 years of sustainable growth
BEN GARRAD AND GEORGE WARDROPE The company will leverage its relationships with its suppliers and partners to roll out new services and innovations

AA predicts massive drop in petrol price in December 

By: News24Wire      28th November 2018 Motorists can expect a R1.85 reduction per litre in the price of petrol, with diesel coming down by an estimated R1.40, and illuminating paraffin dropping by R1.28, the Automobile Association (AA) predicted on Wednesday. The association was commenting on unaudited month-end fuel price data... 

 AA predicts massive drop in petrol price in December

Department of Energy to review how it costs basic fuel price 

By: News24Wire      28th November 2018 The department of energy has invited public comments on how it calculates the underlying prices of fuel, diesel and illuminating paraffin, known as the Basic Fuel Price (BFP). This is the price of fuel before taxes, transport, and other costs are added.  

 Department of Energy to review how it costs basic fuel price

BP to invest $1bn in South Africa, including refinery upgrade

By: Reuters     22nd November 2018 BP Southern Africa (BPSA) will invest $1-billion in South Africa in the next five years with more than a quarter of that set aside to upgrade the SAPREF refinery to produce lower sulphur diesel, its chief executive said on Thursday. The 180 00 barrels per day SAPREF refinery, South Africa's... 

Vaal River pollution: 'There have been challenges to compliance', Sasol says

By: News24Wire      21st November 2018 Petrochemicals giant Sasol has denied that it is responsible for pollution in the Vaal river. However, it has admitted struggling to interpret some compliance requirements with regard to regulations on the discharge of waste. According to a report by the Department of Water and Sanitation... 

Astron commissions new R150m tank truck loading rack at Cape Town refinery

By: Marleny Arnoldi     16th November 2018 Astron Energy, formerly Chevron South Africa, officially opened its new tank truck loading rack (TTLR) at its Milnerton refinery, in Cape Town, on Wednesday. The facility took two years to complete and will increase filling efficiency at the refinery – reducing loading time of an average 40 000... 

Astron commissions new R150m tank truck loading rack at Cape Town refinery
Astron Energy CEO Jonathan Molapo and Astron Energy regional transport and operations GM Danie Gouws open the new TTLR at Milnerton refinery

‘Massive’ fuel price drop on the cards for December – AA

By: News24Wire      15th November 2018 The Automobile Association (AA) announced on Thursday that, based on current data, motorists could expect ‘massive drops’ in the prices of petrol and diesel for December.  The association is predicting a drop of R1.54 per litre for petrol, with diesel dropping by 92 cents and illuminating... 

 ‘Massive’ fuel price drop on the cards for December – AA

Company extends life span of critical steam systems

By: Jessica Oosthuizen     9th November 2018 Professional services and project management company SNC-Lavalin completed a 40 bar high-pressure steam isolation valve replacement project last month for South African integrated chemicals company Sasol’s Group Technology division. The company was awarded the project in May of this year and the... 

Company extends life span of critical steam systems
SASOL STEAM SYSTEM The steam system on the Sasol refinery is the main steam header which links the steam generation plant to the rest of the factory

Zuma to Gordhan: 'Can we do what Dudu wants?'

By: News24Wire      8th November 2018 Former president Jacob Zuma called Pravin Gordhan, then finance minister, in 2015 to try and convince him to agree to an enormously expensive deal with airplane manufacturer Airbus because his close friend Dudu Myeni wanted it. In his 68-page sworn statement delivered to the judicial commission... 

Petrol price to remain unchanged, diesel to go up 50 cents in Nov 

By: African News Agency      5th November 2018 The petrol price will remain unchanged for November but the price of diesel will increase between 47.92 cents per litre and 50.92 cents per litre, the department of energy said on Monday.  This will be a relief for motorists at the pumps after the R1 petrol price increase last month pushed the... 

Petrol price to remain unchanged, diesel to go up 50 cents in Nov
First
Prev
1
2 3 4 5 6 7 Next Last

Latest News

more

Latest Videos

more

Research Reports

Topics In These Articles

RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close