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Refineries & Retail News

China's Sinopec buys first major refinery in Africa from Chevron

By: Reuters     22nd March 2017 China's Sinopec will pay almost $1-billion for a 75% stake in Chevron Corp's South African assets and its subsidiary in Botswana to secure its first major refinery in Africa, the companies announced on Wednesday. China Petroleum and Chemical Corp, or Sinopec, Asia's largest oil refiner, said the... 

Expect more oil price volatility over the coming months – Vitol

By: Kim Cloete     15th March 2017 A continuing massive stock overhang could contribute to more volatility in the oil price over the coming months, says energy and commodities company Vitol global analyst Simon Warren. He told delegates at the yearly conference of the African Refiners Association (ARA), in Cape Town, that despite... 

Refiners commit to producing clean fuels 

By: Kim Cloete     15th March 2017 Although Africa’s oil refining industry will need significant investments to adapt to the move by industry and the automotive sector to cleaner fuels, companies say they are committed to the change. “The impact will touch all sides of the industry, starting with refining and marketing. It will... 

Oil still main energy source in 2035 – petroleum company

     10th March 2017 Petroleum company British Petroleum’s (BP’s) 2017 Energy Outlook notes that oil, gas and coal will remain the main sources of energy for powering the world economy, accounting for more than 75% of total energy supply in 2035, compared with 86% in 2015.  According to the outlook, which was... 

Oil still main energy source  in 2035 – petroleum company
NEW KID IN TOWN Petrochemicals will take over as the main source of growth for oil demand by the early 2030s

Rope access company continues maintenance for petrochemicals giant

By: Nadine James     10th March 2017 Rope access solutions provider Skyriders Access Specialists is continuing maintenance work at a petrochemicals company, in Mpumalanga, as part of a five-year service contract that extends  to 2019. Skyriders marketing manager Mike Zinn says the company is providing maintenance solutions for the... 

Rope access company continues maintenance for petrochemicals giant
HIGH STAKES Finding appropriately skilled personnel able to conduct maintenance procedure for Skyriders clients is a challenge

Software provider renews refinery service agreement

By: Nadine James     10th March 2017 Process and operations control management specialist BluESP has renewed its yearly service agreement with a local refinery following the client’s decision to maintain its relationship with the company to ensure that the benefits achieved using BluESP’s advance process control (APC) technology... 

Software provider renews refinery service agreement
Photo by Duane Daws
OPERATIONS REFINED The technology has improved the refinery's processes, increasing throughput and reducing the overall carbon footprint

Trial castings successfully completed at foundry

By: Simone Liedtke     10th March 2017 Engineering solutions provider Weir Minerals successfully completed trial castings on new materials for the business’s Trio product range at its Heavy Bay Foundry, in Port Elizabeth, last month. 

Trial castings successfully completed  at foundry
RAPID PROTOTYPING Investments in the rapid prototyping process have enabled the foundry to make new patterns to manufacture parts

Sacoil buys majority stake in Afric Oil

By: African News Agency      6th March 2017 Sacoil, the South African based independent African oil and gas company, said on Monday that it had acquired a 71% interest in Afric Oil Group, one of the largest independent fuel distributors in South Africa. Following completion, Sacoil’s portfolio will consist of operated production activities... 

Nersa increases petroleum pipeline tariffs by 0.30%

By: Megan van Wyngaardt     28th February 2017 The National Energy Regulator of South Africa (Nersa) has increased petroleum pipeline tariffs by 0.30%, allowing Transnet Pipelines to realise a 1.43% year-on-year increase in allowable revenue (AR) for 2017/18. If Energy Minister Tina Joemat-Petterson decides to use the pipeline tariff as a... 

Conference hopes to catalyse African energy revolution

By: Nadine James     17th February 2017 The 2017 Africa Energy Indaba will enable African energy sector stakeholders to evaluate opportunities and the means to pursue them that could unlock the continent’s energy potential and spark something of an energy revolution, says Indaba organising company Siyenza. “The African continent has... 

Conference hopes to catalyse African energy revolution
BOOSTING ENERGY The Africa Energy Indaba brings together politicians and energy luminaries to envision and catalyse decisions that will enhance access to energy

Global energy council ponders gas-related realities

     17th February 2017 In recent years, the gas market has undergone several changes - the discovery of new deposits, the evolution of gas transport techniques and the new gas pipelines are all elements that deeply modify this market, notes international energy organisation World Energy Council (WEC). The council notes... 

Global energy council  ponders gas-related realities
SOUND INVESTMENT Among the fossil fuels, natural gas is the one fossil source which will continue to grow

Third Women in Energy conference cohosted at Energy Indaba

     17th February 2017 The yearly Women in Energy conference, organised by the Africa Energy Indaba, will bring together Africa’s leading women in the energy sector for its third iteration on Monday, February 20 at the Sandton Convention Centre in Johannesburg. The Africa Energy Indaba was the first energy conference... 

Third Women in Energy conference cohosted at Energy Indaba
DOING IT FOR THEMSELVES The Women in Energy conference is designed to aid the increase in leadership and development of women involved in the African energy sectors

PetroSA reports two fatalities at Mossel Bay GTL refinery

By: Creamer Media Reporter      1st February 2017 State-owned PetroSA on Wednesday said two employees had been killed in an incident at its Mossel Bay gas-to-liquids (GTL) refinery on Tuesday. The employees, one a mechanical fitter and the other an operator, were working on a vessel when they lost consciousness. 

Chevron South Africa’s Rabbipal steps up as Sapia chair for 2017

     26th January 2017 Chevron South Africa chairperson Shashi Rabbipal has succeeded Maurice Radebe as chairperson of the South African Petroleum Industry Association (Sapia) for 2017. Rabbipal will be chairperson to the board of governors – Sapia’s governing body – which comprises ten representatives from member... 

Chevron South Africa’s Rabbipal steps up as Sapia chair for 2017
Sapia chairperson Shashi Rabbipal

Motorists warned to brace for more petrol pain 

By: News24Wire      16th January 2017 The Automobile Association on Monday warned motorists to brace for another hike in fuel prices at the end of January. Commenting on unaudited mid-month fuel price data released by the Central Energy Fund (CEF), the AA said the the rand/US dollar exchange rate has firmed slightly since the start... 

Motorists warned to brace for more petrol pain

Govt's proposed fuel changes a ticking time-bomb – Naamsa

By: News24Wire      12th January 2017 Time is running out for government to avoid the oil currently refined in SA from becoming illegal, Stuart Rayner, chair of the fuel and emissions committee of the National Association of Automobile Manufacturers of South Africa (Naamsa), told Fin24 on Wednesday. Rayner explained that Naamsa... 

Petrol and diesel prices to go up on January 4

By: African News Agency      29th December 2016 The retail price of 93 octane petrol is set to rise by 50 cents a litre and 95 octane by 48 cents a litre on Wednesday January 4, the energy department announced on Thursday. According to a statement from the department, the wholesale price of diesel will go up by 39 cents a litre, while the... 

Petrol and diesel prices to go up on January 4

Petrol price could bring relief in January

By: Megan van Wyngaardt     22nd December 2016 The prospects for lower fuel prices in January currently look “fairly good”, independent agricultural economist Fanie Brink said. The Department of Energy on Thursday released its adjustment on fuel prices for the new year, which show that the price of petrol 93 (ULP & LRP) in Gauteng could... 

Petrol price could bring relief in January

In bid to revive GTL refinery, PetroSA plans gas-to-condensate swing 

By: Terence Creamer     18th November 2016 South Africa’s embattled national oil company, PetroSA, has confirmed yet another, albeit smaller, loss for 2015/16, while revealing that it is planning to use more heavy condensate as a feedstock at its gas-to-liquids (GTL) refinery in Mossel Bay, as indigenous gas resources dwindle. The swing... 

In bid to revive GTL refinery, PetroSA plans gas-to-condensate swing

As domestic oil-refinery debate continues, study highlights big jobs contribution

By: Terence Creamer     16th November 2016 The employment and economic spin-offs of South Africa’s domestic oil refining sector have received prominence in a new study, which suggests that the country’s six refineries generate yearly economic activity of more than R200-billion and sustain more than 480 000 jobs. The study, titled ‘The... 

As domestic oil-refinery debate continues, study highlights big jobs contribution

Company experiences growth despite difficult environment

     4th November 2016 Valve distributor TTV Fluval Group of companies is celebrating 18 years of success in the South African market, further illustrated and encapsulated by this year’s numerous successfully completed projects resulting in a total invoicing for valves and actuators amounting to more than R180-million.... 

Company experiences growth despite  difficult environment
SUBSEA VALVES Some of the valves supplied to national oil company PetroSA’s Mossel Bay FO Fields for R60-million

Equipment supplier extends safety range, introduces blanketing valve

     4th November 2016 Southern African specialised oil and gas equipment supplier Energas Technologies has introduced safety product manufacturer Protectoseal’s Series 10 2” tank blanketing valve (TBV) to the South African market. Introduced in  August, the company explains that the valve enables an effective method... 

Equipment supplier  extends safety range,  introduces blanketing valve
SAFETY FIRST The product enables tank blanketing which creates a blanket of inert gas in the tank’s vapour space to prevent atmospheric air from entering

Novo Energy launches CNG dispensing facility

By: Anine Kilian     28th October 2016 Natural gas supplier Novo Energy on Friday launched its compressed natural gas (CNG) dispensing station in Kew. This project is the company’s first commercial facility in Johannesburg. 

Petrol price to rise by 45 cents a litre – SA energy department

By: African News Agency      28th October 2016 The retail price of petrol will go up by 45 cents a litre for both 93 octane and 95 octane on Wednesday, November 2, South Africa’s energy department announced on Friday. Diesel rises by 63 cents a litre, while the wholesale price of illuminating paraffin increases by 57 cents a litre, the... 

Petrol price to rise by 45 cents a litre – SA energy department

Afrox opens R60m Riverhorse Valley hub

By: Shirley le Guern     24th October 2016 African Oxygen (Afrox) officially unveiled its flagship R60-million filling and engineering services hub at Riverhorse Valley to the north of Durban on Friday. The 18 000 m² site is home to a one-stop-shop for Argoshield, carbon dioxide, nitrogen, helium, medical and food-grade gases, as well as... 

Afrox opens R60m Riverhorse Valley hub

Lake Charles is value accretive in the long term

     21st October 2016 Despite the announcement in August revising the cost estimate of its Lake Charles chemicals project (LCCP) by about $2.9-billion, South African petrochemicals giant Sasol remains confident that the project is value accretive to shareholders in the long term. The project, located adjacent to... 

Lake Charles is value  accretive in the long term
LAKE CHARLES Sasol's Louisianan chemicals project is adjacent to its current chemicals operation

Strong operating performance to continue in 2017

     21st October 2016 South African petrochemicals giant Sasol CFO Paul Victor announced last month that despite the anticipated oil and currency price volatility, the company expects its strong operating performance to continue next year. Speaking at Sasol’s annual results presentation on September 12, Victor pointed... 

Strong operating performance to continue in 2017
SASOLBURG PLANT Sasol CFO Paul Victor stated that the outlook for 2017 remained reasonably positive

Petrol price hike announced

By: News24Wire      30th September 2016 The Department of Energy announced on Friday that as from Wednesday October 5 the retail price of petrol (93 octane) will increase by 44 cents a litre and that of 95 octane by 43c a litre. The wholesale price of diesel (0.05% sulphur and 0.005% sulphur) will increase by 23c a litre, while the... 

Petrol price hike announced

Petrol party turns sour with expected 51c price hike

By: News24Wire      15th September 2016 The recent period of fuel price reductions is set for a reversal as the weakening rand and stronger international petroleum prices combine to cause pain at the pumps. This is according to the Automobile Association (AA), which was commenting on unaudited mid-month fuel price data released by the... 

Petrol party turns sour with expected 51c price hike

Engen Refinery to undergo 21-day maintenance shutdown

     15th September 2016 South Africa’s second largest oil refinery Engen Refinery will undergo a planned 21-day maintenance shutdown, starting on September 19. “The planned outage will primarily focus on essential plant maintenance and inspection activities, as well as process regeneration activities,” says Engen... 

Engen Refinery to undergo 21-day maintenance shutdown

Sasol’s gearing to increase as 2017 capex forecast rises to R75bn

By: Terence Creamer     12th September 2016 Energy and chemicals group Sasol expects its capital expenditure (capex) to rise to R75-billion in 2017 and its balance sheet gearing to increase to between 25% and 35%, following the upward revision to the budget of the Lake Charles Chemical Project (LCCP), in the US, to $11-billion, from an... 

Sasol’s gearing to increase as 2017 capex forecast rises to R75bn

World Bank advises Zambia to stop power and fuel subsidies

By: African News Agency      6th September 2016 The World Bank has advised the Zambian government to cut its expenditure bill by dropping a fuel and power subsidy programme which gobbles nearly $600-million in public funds from the treasury annually. In its latest country-focused cost-cutting advisory report, the global financial institution... 

Petrol price drop to bring consumer relief

By: Megan van Wyngaardt     2nd September 2016 South African consumers can expect some relief in September, with the fuel price for 93 and 95 unleaded petrol falling by 18c/ℓ, and the diesel price dropping by 48c/ℓ. The fall is attributable to the strengthening of the rand against the dollar, which has cushioned the fuel price by about 22c/ℓ. 

Company science and engineering programme celebrates graduates

     2nd September 2016 More than 100 science and engineering university graduates and participants in petrochemicals and chemicals company Sasol’s education programmes were recognised on July 7 for successfully completing their respective degree courses from undergraduate to doctorate level. The graduates had... 

Company science and engineering programme celebrates graduates
Photo by Duane Daws
SASOLBURG PLANT The Sasol Inzalo Foundation has enabled 105 black, and predominantly female students to graduate in the past year

Egyptian petrochemicals complex expected 2021

     2nd September 2016 Egyptian petrochemicals company Carbon Holding's proposed Tahrir Petrochemicals Complex is to be located within the Ain Sokhna industrial zone, near the Gulf of Suez. Major contracts for the project have been awarded, with the construction work expected to start later this year and commissioning... 

Egyptian petrochemicals complex expected 2021
SUNRISE INDUSTRY While the oil industry in other parts of the globe is stagnating the World Bank believes there is still potential in Africa's oil industry

Ghana oil refinery showing signs of profitability

     2nd September 2016 Recent reports demonstrate that Tema Oil Refinery (TOR) – Ghana’s only oil refinery –  has begun showing signs of profitability after seven years of stagnation. The refinery posted a profit of $800 000 from its operations from February 16 to April 20, a development described by market... 

Ghana oil  refinery showing signs of profitability
REFINERY IS FINE AGAIN The Ghanaian refinery has recovered from its seven year stagnation and is showing progress

Industry challenges blunt investment in oil and gas sector

     2nd September 2016 Demand for oil and gas from markets in Africa remains high but low crude prices combined with poor physical infrastructure, inadequate logistical solutions and onerous government regulations have blunted investment in oil and gas field development, says independent oil and gas company SacOil... 

Industry challenges blunt investment in oil and gas sector
THABO KGOGO 57% of Africa’s export earnings are derived from hydrocarbons
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