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Refineries & Retail News

Petrol price still on course to breach record R16/litre: Fuel hikes 'could've been far higher' – AA

By: News24Wire      28th June 2018 South Africans have been thrown a lifeline by declining oil prices in June, reports the Automobile Association (AA). Commenting on unaudited month-end fuel price data released by the Central Energy Fund (CEF). The AA says that without oil's decline, the fuel price hike for July would have been... 

London, other cities call for new petrol and diesel car ban to start earlier

By: Reuters     18th June 2018 London Mayor Sadiq Khan and other city leaders from across Britain said on Monday a government plan to ban the sale of new diesel and petrol cars should be brought forward by ten years to 2030, in the latest push to improve air quality. Prime Minister Theresa May's Conservative government said... 

More petrol price hikes for SA: 'Oil down but Rand pummels fuel price' – AA

By: News24Wire      15th June 2018 Motorists will have to brace themselves as fuel prices look set for another jump going into July, says Automobile Association (AA), commenting on unaudited mid-month fuel data released by the Central Energy Fund (CEF).   AA said: "Since the start of June, the Rand has steadily weakened against... 

More petrol price hikes for SA: 'Oil down but Rand pummels fuel price' – AA

PetroSA's GTL refinery could run out of natural gas in two years 

By: Reuters     12th June 2018 South Africa's flagship gas-to-liquids (GTL) refinery at Mossel Bay could run out of natural gas within two years when offshore reserves dry up, a senior energy official said on Tuesday. The Mossel Bay GTL plant, one of the world's largest, is operated by State-owned national oil and gas company... 

PetroSA's GTL refinery could run out of natural gas in two years

Pain for South Africans as petrol price hits new record

By: News24Wire      1st June 2018 Both grades of petrol, 93 and 95 (ULP & LRP), will increase by a hefty 82c a litre on Wednesday, the Department of Energy (DoE) announced on Friday. Diesel 0.05% sulphur and diesel 0.005% sulphur will increase by 85c and 87c a litre respectively. 

 Pain for South Africans as petrol price hits new record

More pain at the pumps: Huge fuel price hikes for June – AA 

By: News24Wire      31st May 2018 Fuel prices will jump to record highs in June on the back of stronger international oil prices, and a deficit carried over from April. This is according to the Automobile Association (AA), which was commenting on unaudited month-end fuel data released by the Central Energy Fund (CEF).   The Rand... 

 More pain at the pumps: Huge fuel price hikes for June – AA

Vivo’s Q1 adjusted Ebitda rises 6% y/y

By: Anine Kilian     30th May 2018 JSE-listed Vivo Energy achieved a 6% year-on-year increase in adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) to $102-million for the quarter ended March 31, compared with Ebitda of $96-million in the first quarter of 2017. Total volumes were up 5% year-on-year,... 

Motorists in for another massive petrol price spike

By: News24Wire      15th May 2018 Motorists can expect another massive fuel price hike at the beginning of June, the Automobile Association warned on Tuesday. Commenting on unaudited mid-month fuel price data released by the Central Energy Fund, the AA said last month's fuel price account was closed earlier by the Department of... 

Motorists in for another massive petrol price spike

Total South Africa seeks to grow lubricants, retail fuel businesses

By: Shirley le Guern     9th May 2018 Total South Africa is looking to grow both its lubricants and retail fuel business as well as restart the offshore oil exploration that it put on hold in 2014, CEO Pierre-Yves Sachet said after a visit to its bulk fuel and lubricant plants in Durban. He said that a R70-million investment in its... 

Total South Africa seeks to grow lubricants, retail fuel businesses

Vivo Energy, Vitol's Africa venture, floats with £2bn valuation

By: Reuters     4th May 2018 Vivo Energy launched on the London Stock Exchange on Friday with a valuation of nearly £2-billion ($2.7-billion), the largest London IPO of the year. The initial offer price for the just under 30 percent of the company floated was set at 165p a share and the shares advanced to 169.50p in... 

Petrol going up 49c/l in May

By: News24Wire      26th April 2018 The price of petrol will increase by 49c a litre on Wednesday 2 May, Minister of Energy Jeff Radebe announced on Thursday afternoon. Diesel (0.05% Sulphur) will increase by 59c/l increase, while diesel with 0.005% Sulphur will go up 58c/l. 

 Petrol going up 49c/l in May

Fuel prices could hit record levels in May - AA

By: News24Wire      26th April 2018 There is a strong likelihood of a fuel price hike to record levels in May, the Automobile Association (AA) said on Wednesday. It believes this is because the rand is currently weakening against the dollar and international petroleum prices are also rising. The AA also said the increase in toll... 

Fuel prices could hit record levels in May - AA

Zambia shortlists five firms for majority stake in oil refinery

By: Reuters     16th April 2018 Zambia has short-listed five companies including Britain's Glencore Energy and Sahara Energy Resources to buy a majority stake in its only oil refinery, a state-owned firm said on Monday. The government-owned Industrial Development Corporation (IDC) has said it wants a strong strategic equity... 

Vivo Energy plans to list on LSE, JSE

By: Simone Liedtke     10th April 2018 Vivo Energy, which is a retailer of Shell-branded fuels and lubricants in Africa, plans to proceed with an initial public offering (IPO) and to apply for admission of its shares to the LSE and the JSE. Admission is expected to occur in May. 

Safety solution provided for contractor at Sappi mill

30th March 2018 Rope-access specialist Skyriders has provided a working at height safety solution for a contractor undertaking maintenance at paper and pulp manufacturer Sappi’s Ngodwana pulp and paper mill, in Mpumalanga. The company explains that this follows an earlier successful project in 2016 where it... 

Huge petrol price hike to kick in next Wednesday

By: News24Wire      28th March 2018 The price of 95 unleaded and leaded petrol in Gauteng will increase by 72c/l and at the coast 62c/l with effect from next Wednesday, the Department of Energy announced on Wednesday. The per litre pump price of 93 unleaded and leaded petrol will increase 69c/l in Gauteng and 59c/l at the coast,... 

 Huge petrol price hike to kick in next Wednesday

World’s largest oxygen production plant inaugurated at Sasol Secunda

By: Marleny Arnoldi     26th March 2018 Environmental Affairs Minister Edna Molewa on Monday inaugurated French gas company Air Liquide’s €200-million air separation unit (ASU) at chemicals and energy group Sasol's Secunda plant, in Mpumalanga. The ASU is the biggest oxygen production unit in the world, with a capacity of 5 000 t/d... 

World’s largest oxygen production plant inaugurated at Sasol Secunda

'Fuel will be more expensive in April' – AA

By: News24Wire      15th March 2018 Although basic fuel prices are showing signs of further decreases at month end, the overall price of fuel is set to increase because of the addition of increased fuel levies in April. This is according to the Automobile Association (AA), which was commenting on unaudited mid-month fuel price data... 

'Fuel will be more expensive in April' – AA

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... 

Tribunal approves Sinopec’s $900m acquisition of Chevron SA with conditions

By: Nadine James     9th March 2018 The Competition Tribunal has approved Hong Kong-based Sinopec’s proposed $900-million acquisition of a 75% interest in Chevron South Africa (CSA), subject to a range of employment, investment and other public interest conditions. Sinopec and CSA had tendered a set of proposed conditions, which... 

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

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

Fuel prices to fall in March on stronger rand

By: Reuters     2nd March 2018 The retail price of petrol and the wholesale price of diesel in South Africa will fall on Wednesday after the rand strengthened, the energy department said on Friday. The price of petrol will fall by 36 cents to 13.76 rand per litre in commercial hub Gauteng province. Diesel will go down by 47... 

SA company exploring nuclear, other opportunities abroad

By: Nadine James     2nd March 2018 South Africa-based engineering, procurement and construction (EPC) company Lesedi Nuclear Services’ current plans surrounding diversification into biomass, waste-to-energy and gas projects as well as its targeted geographical expansion is supported by the company’s niche expertise in bespoke... 

Fuel price to drop in March – AA

By: News24Wire      26th February 2018 Fuel prices are set to drop in March as South Africans benefit from a stable exchange rate and lower international fuel prices, reports the Automobile Association (AA), which was commenting on unaudited month-end fuel data released by the Central Energy Fund. The AA says: "The Rand was trading at... 

Fuel price to drop in March – AA

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... 

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... 

Petrol, diesel prices drop for February

By: African News Agency      5th February 2018 The price of all grades of petrol will drop by 30c/l with effect from midnight on Tuesday. Diesel (0.05 percent sulphur) will drop by 17c/l, as will diesel (0.005 percent sulphur), the energy department said in a statement on Sunday. 

Sasol service stations attract largest number of visitors, survey reveals

By: Irma Venter     19th January 2018 Sasol service stations are attracting the most feet per service station in South Africa, with Shell service stations in second position. Engen, with its much larger service station footprint, attracts more visitors, in total, than any other brand. 

More fuel price relief for SA motorists – AA

By: News24Wire      15th January 2018 Fuel prices are set for month-end decreases, this is according to the Automobile Association (AA) commenting on mid-month fuel price data released by the Central Energy Fund. The AA said: "The Rand/US dollar exchange rate has had one of its flattest periods of trading in recent times. It has... 

More fuel price relief for SA motorists – AA

Sinopec commits to R6bn upgrade of Chevron South Africa refinery as buyout deal gathers pace

11th January 2018 Chinese oil company China Petroleum and Chemical Corporation (Sinopec) has undertaken to invest R6-billion to upgrade and modernise Chevron South Africa’s (CSA’s) Cape Town-based oil refinery, if it succeeds in its bid to acquire control of CSA. 

Sinopec commits to R6bn upgrade of Chevron South Africa refinery as buyout deal gathers pace

Fuel prices to drop in January

By: African News Agency      2nd January 2018 The price of fuel products will drop with effect from midnight on Tuesday, according to the energy department. Petrol 93 octane ULP (unleaded) and LRP (lead replacement) will drop by 29 cents a litre (c/ℓ), petrol 95 ULP and LRP by 34 c/ℓ, diesel 0.05 percent sulphur by 22 c/ℓ, and diesel 0.005... 

Fuel prices to drop in January

Zuma promises ‘seamless’ ANC transition at energy indaba that sidesteps IRP debate 

By: Terence Creamer     7th December 2017 President Jacob Zuma used his address at the Energy Indaba, taking place in Johannesburg this week, to assure business and investors that the upcoming African National Congress (ANC) elective conference would be “orderly and peaceful”, while promising a “seamless” handover to the new ANC... 

Zuma promises ‘seamless’ ANC transition at energy indaba that sidesteps IRP debate
President Jacob Zuma and Energy Minister David Mahlobo

Total, Sonangol sign new project pipeline agreements

By: Schalk Burger     5th December 2017 Oil and gas multinational Total and Angola State-owned oil company Sonangol have signed various agreements to jointly develop new upstream and downstream projects. Total chairperson and CEO Patrick Pouyanné on Monday held an audience with Angolan President João Lourenço and Sonangol chairperson... 

Vivo to gain 300 stations in 9 African countries in Engen share transaction

By: Schalk Burger     5th December 2017 Petroleum and energy company Vivo Energy, which represents oil multinational Shell’s brand of fuels and lubricants in Africa, will gain 300 service stations across nine African countries after it agreed to buys shares in oil multinational Engen International Holdings from Engen Holdings in... 

Sasol the most successful service station brand in SA, says Lightstone Explore

By: Irma Venter     27th November 2017 Sasol service stations are attracting the most feet per service station in South Africa, with Shell service stations in second position. Engen, with its much larger service station footprint, attracts more visitors, in total, than any other brand. 

 Sasol the most successful service station brand in SA, says Lightstone Explore

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