R/€ = 15.95 Change: -0.38
R/$ = 13.79 Change: -0.36
Au 1273.62 $/oz Change: -6.68
Pt 867.50 $/oz Change: -17.98


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... 

Total, Sonangol agree to increased activity in Angola

By: Marleny Arnoldi     29th May 2018 During a recent official visit to France by Angola President João Lourenço and a delegation of Angolan businesspersons, petrochemicals giant Total chairperson and CEO Patrick Pouyanné and Angolan petroleum parastatal Sonangol chairperson Carlos Saturnino signed several agreements to cover the... 

Block KGD6 – Satellite cluster, India

By: Sheila Barradas     18th May 2018 Block KGD6 is developing the Satellite cluster – a dry gas development comprising four discoveries.  

Khazzan gasfield – Ghazeer development, Oman

By: Sheila Barradas     18th May 2018 Ghazeer is the second phase of the Khazzan gasfield project and follows the successful start-up of the first phase in September 2017. 

Alligin and Vorlich satellite fields development, Europe

By: Sheila Barradas     11th May 2018 BP and Shell plan to tie-back Alligin, a two-well development, to BP's Glen Lyon floating, production, storage an offloading vessel. 

BP said to tap Morgan Stanley as it weighs buying BHP assets

By: Bloomberg     4th May 2018 BP is weighing an acquisition of some of BHP Billiton’s energy assets as the British oil major seeks more US shale, according to people familiar with the matter. The London-based company is working with Morgan Stanley to advise on the plans, said the people, asking not to be identified as the... 

ROSOND appoints new Chief Financial Officer

3rd May 2018 Douglas McLean has been appointed as the Chief Financial Officer for ROSOND. Douglas completed his CA (SA) qualification in 1999 having served his articles at Mazaars. He then worked in the United Kingdom, predominately for BP. Upon returning to South Africa in 2003, Douglas worked for a brief... 

War on coal is making the world's top mine owners a lot richer

By: Bloomberg     2nd May 2018 The world’s war on coal is making its biggest producers a lot richer, at least for now. With governments from Asia to Europe setting stricter pollution limits as the climate change debate intensifies, output of the planet’s dirtiest fuel is dropping. Some of the more significant declines are... 

Grindrod concludes sale of Unicorn Bunker Services

By: Simone Liedtke     18th April 2018 Grindrod has finalised the sale of its bunker division, Unicorn Bunker Services, for an undisclosed amount. Unicorn Bunker Services, which employs 110 people, was first established in 2006 and operates three modern bunker tankers in the ports of Durban and Cape Town under contract to BP, Engen... 

PSA, Romano merge to create largest corporate signage company in sub-Saharan Africa

By: Marleny Arnoldi     5th April 2018 Corporate signage manufacturer Premier Sayina Africa (PSA) and signage and solar solutions company Romano Signs have merged to create PSA Romano – the largest corporate signage company in sub-Saharan Africa.  

BP's coastal bunker barge now operational at Port of Richards Bay

By: Marleny Arnoldi     29th March 2018 South Africa’s first coastal bunker barge Amber II is now operational at Transnet National Ports Authority’s (TNPA) Port of Richards Bay, serving as a floating storage and fuel replacement vessel for petrochemicals company BP’s customer vessels at the port.  

Women at Glencore oil trading unit earn 28% less than men

By: Bloomberg     23rd March 2018 Women working in oil trading at Glencore earn 28% less pay on average than men and receive bonuses that were 57% lower. The income disparity, disclosed by the second-biggest independent oil trader under UK government-mandated pay gap reporting, underscores the lack of women in senior roles at... 

BP and Renault Sport Racing strengthen strategic relationship

9th March 2018 Multinational petroleum company BP has extended its sponsorship of multinational automotive manufacturer Groupe Renault’s motorsport division Renault Sport Racing. BP will continue its support of Renault Sport Formula One Team for at least the next five years and explore new opportunities to... 

Steering a course for growth – AMSOL

8th March 2018 STEERING A COURSE FOR GROWTH: AMSOL INVESTS IN A ROBUST TALENT PIPELINE As a finalist in the Skills Development category at the 2018 Oliver Empowerment Awards which recognise exceptional contributions to sustainable transformation in South Africa, majority Black South African owned specialist... 

ONGC blames policies for Krishna-Godavari delay

By: Ajoy K Das     27th February 2018 India’s national exploration and production (E&P) major, ONGC has said that it would miss the June 2019 deadline to start production from its deep-water Krishna-Godavari (KG) oil and gas block on the east coast. In a regulatory filing, ONGC cited changes in government policy as the reason for... 

Reuse of road construction materials mitigates road damage 

By: Simone Liedtke     16th February 2018 To eliminate extensive road damage, construction company Wirtgen SA sales manager Waylon Kukard explains that for an environment-friendly rehabilitation of road pavements, existing construction materials need to be fully reused, which significantly reduces material costs. 

Woodside lashes out at South Korea's Kogas over disputed LNG contract

By: Reuters     14th February 2018 Australia's Woodside Petroleum on Wednesday lashed out at Korea Gas Corp (Kogas) over a dispute it has with the South Korean company, saying KOGAS owes it money for an expired liquefied natural gas (LNG) contract from the North West Shelf Project. CEO Peter Coleman of Woodside Petroleum,... 

Exxon's silent treatment on earnings is rankling Wall Street

By: Bloomberg     8th February 2018 Wall Street wants answers from Exxon Mobil. For at least a decade, Exxon’s top executives haven’t taken questions from Wall Street analysts during quarterly conference calls. Instead, Exxon only fields its VP for investor relations, a unique practice among the top ten S&P 500 Index companies and... 

Suricate Minerals seeks to unlock latent mineral wealth in Mauritania

7th February 2018 Privately-owned Mauritanian mining and exploration company Suricate Minerals is engaging with international financial and technical service partners to develop its quartz, barite, lithium, copper and gold prospects located throughout the country. Suricate Executive Director Ahmed Hertani, who has... 

As global economy hums, Davos turns bullish on commodities

By: Bloomberg     27th January 2018 The last two editions of the World Economic Forum were somber affairs for oil industry chieftains and commodities tycoons. The consensus in Davos was that oil was going to stay low, OPEC would fail to lift prices, and the mining industry faced a difficult time. Roll forward to 2018 and there’s... 

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. 

India resumes oil and gas block auctions after eight-year hiatus

By: Ajoy K Das     17th January 2018 India will on Thursday hold its first oil and gas auction in eight years, with 55 blocks up for grabs. The auction will also mark the first time that such assets will be allocated under the newly framed Open Acreage Licensing Program (OALP). 

Algeria's Sonatrach signs $500 mln deal with BP, Statoil

By: Reuters     20th December 2017 Algerian state-owned energy company Sonatrach has signed an agreement with BP and Statoil to produce an additional 11 billion cubic metres (bcm) of natural gas from its Tiguentourine gas field, Sonatrach's CEO said on Wednesday. The field produces 9 bcm per year, but more investment is needed to... 

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. 

Africa Energy Indaba To Discuss Key Issues Facing The African Energy Sector

9th October 2017 The 10th African Energy Indaba (AEI) will take place on 20-21st February, 2018 at the Sandton Convention Centre in Johannesburg, South Africa. The conference plenary session topics include: -  

Tortue liquefied natural gas development, Mauritania and Senegal

By: Sheila Barradas     6th October 2017 BP and Kosmos Energy plan to produce vast volumes of gas from the Tortue gasfield, which contains more tha 15-trillion cubic feet of recoverable gas. 

Constellation (formerly Hopkins) project, US Gulf of Mexico

By: Sheila Barradas     22nd September 2017 Anadarko and BP are developing Constellation to produce about 15-million barrels of oil equivalent a day. 

UK North Sea Oil Field startups surge to highest in 10 years

By: Bloomberg     4th September 2017 The UK North Sea is on track for the biggest year of oil and gas field startups in a decade, continuing the ageing province’s surprising resilience to the crude-market slump. Fourteen projects with combined peak production of 230000 barrels of oil equivalent a day will start in the region this... 

Electric car boom drives rush to mining's $90bn heartland

By: Bloomberg     7th August 2017 A scramble by the lithium market’s biggest players to tie up supply of the high-tech metal is gathering pace in the 170-year-old heartland of Australia’s $90- billion mining industry. Rising Chinese demand for lithium-ion batteries needed for electric vehicles and energy storage is driving... 

Clair Ridge project, UK

By: Sheila Barradas     28th July 2017 The project will develop new resources from the giant Clair field. 

West Nile Delta – Giza/Fayoum/Raven project, Egypt

By: Sheila Barradas     28th July 2017 The project is expected to produce about 185-million barrels of oil equivalent a day. 

Quad 204 floating production, storage and offloading vessel, UK

By: Sheila Barradas     28th July 2017 The project will provide a new floating production, storage and offloading vessel. 

Why Russia's market is rising after sanctions Bill approval

By: Bloomberg     27th July 2017 The US House has approved a bill hardening sanctions against Russia, but European resistance to some of its toughest new measures means the impact on companies will be muted, according to Goldman Sachs Group and Deutsche Bank. As it stands now, the most negative aspect of the bill for Russia,... 

New model for estimating risk proves effective in case studies

21st July 2017 Massachusetts-based business school MIT Sloan School of Management have presented new research about a new model that estimates risks and extends gate review analysis beyond “go” and “no go” options. “Today, most technical development projects go through a phase-gate process, with each gate... 

MSA Africa, Africa Fire Mission donate essential firefighting equipment

19th July 2017 MSA Africa has teamed up with Non-Profit Organisation (NPO) Africa Fire Mission and High Pressure Systems (HPS) to donate essential firefighting equipment to Machakos County in Kenya. The latest donation of an advanced, energy-efficient Bauer compressor to fill Self-Contained Breathing... 

Andrew Matseke

14th July 2017 This week we feature Andrew Matseke, MD of Tedaka Network Solutions, which designs, installs, commissions, distributes and integrates telecommunications products and solutions   

West Nile Delta development project, Egypt

By: Sheila Barradas     7th July 2017 The project aims to enable BP and its partners to accelerate gas production in Egypt. 

Eni finalises $7bn Mozambique gas project investment

By: Bloomberg     16th June 2017 An Eni-led group signed off this month on a $7-billion investment in a project to export natural gas from Mozambique. The country’s President Filipe Nyusi and Eni CEO Claudio Descalzi attended a ceremony in the capital Maputo on June 1 to formally approve the Coral South liquefied natural gas... 

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