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Press Office - Afrox Gas

Afrox Gas

Afrox is the largest gases and welding products supplier in South Africa and one of the country’s most trusted brands, with products and services that form part of most manufacturing, industrial and construction processes. With its African operations, Afrox is the largest gases and welding company in sub-Saharan Africa.

 

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Santos redeems notes

By: Esmarie Swanepoel     Updated 56 minutes ago Oil and gas major Santos will redeem its €1-billion subordinate notes issued in 2010, in line with a strategic focus to reduce debt and costs, and on prudent capital management. The notes to be redeemed are Santos’ most expensive debt instrument, and replacing it with more efficient long-term... 

BHP makes board changes

By: Esmarie Swanepoel     Updated 58 minutes ago Mining major BHP has appointed Terry Bowen and John Mogford to the board as independent non-executive directors, effective from October 1. Bowen has more than 25 years experience across a range of sectors, and was the finance director of Wesfarmers for the past eight years. 

Ghana, Equatorial Guinea presidents to sign LNG deal

By: Reuters     22nd August 2017 Ghana's President Nana Akufo-Addo plans to sign an agreement to import liquefied natural gas (LNG) from Equatorial Guinea during his three-day visit to the Gulf of Guinea petroleum producer due to begin on Monday, his office said. Though an oil and gas producer in its own right since its flagship... 

Mozambique to set up independent fund to invest mineral sales income

By: Reuters     22nd August 2017 Mozambique's government plans to set up a sovereign investment fund where taxes paid on sales of the country's minerals will be used to finance development projects, State-run AIM news agency said on Monday quoting the finance minister. Minister of Economy and Finance Adriano Maleiane said the... 

The legal requirement to think about global warming

     22nd August 2017 During March 2017 the High Court of South Africa in Pretoria, handed down a decision that has been hailed in some quarters as a victory in the fight against dirty energy and global warming. The court's decision in isolation isn’t a decisive victory for the proponents of clean energy, but it does... 

Himoinsa

By: Zandile Mavuso     22nd August 2017 As a global corporation that designs, manufactures and distributes power generation equipment globally, Himoinsa adds incomparable application and engineering know-how, excellent design and service capabilities, delivering value beyond the equipment it produces. 

Ford becomes latest carmaker to launch UK scrappage scheme

By: Reuters     22nd August 2017 Ford on Tuesday became the latest carmaker to launch a car scrappage scheme in Britain, joining the likes of BMW and Mercedes-Benz, after months of procrastination from the government over whether to begin a national programme. The U.S. automaker is offering customers a £2 000 ($2 580) discount... 

BHP announces US shale exit, profit jumps to $5.8bn

By: Esmarie Swanepoel     22nd August 2017 Mining major BHP has heeded investors’ calls to exit its shale gas business, announcing on Tuesday that it would sell the US onshore assets that it had bought for $20-bilion five years ago. BHP, which has come under pressure from activist shareholders over its US shale investment, said it had... 

Tlou secures mining licence for Lesedi CBM project

By: Anine Kilian     21st August 2017 Aim- and ASX-listed Tlou Energy has been granted a mining licence for its Lesedi coal-bed methane (CBM) gas project, in Botswana. “The mining license for the Lesedi CBM project was the first application of its kind to be lodged in Botswana. The awarding of the licence by the Ministry [of Mineral... 

Infrastructure initiative garners support from nine African presidents

By: Natasha Odendaal     21st August 2017 Spearheaded by South Africa’s President Jacob Zuma, the Presidential Infrastructure Champion Initiative (PICI), aimed at accelerating regional trade and unlocking the economic potential of the continent, now has nine African presidents on board, with ten projects in the spotlight as Africa... 

Australia warns multinationals over tax as Chevron drops appeal

By: Esmarie Swanepoel     21st August 2017 US oil and gas major Chevron has withdrawn its High Court appeal over a A$340-million bill from the Australian Taxation Office (ATO). The withdrawal means that the Full Federal Court decision of April is now final. 

Beach swings into profit

By: Esmarie Swanepoel     21st August 2017 ASX-listed Beach Energy reported an after-tax net profit of A$387.5-million for the year ended June 30, compared with a net loss of A$588.8-million in the previous corresponding period. Beach told shareholders on Monday that the after-tax net profit was A$976-million higher than the 2016... 

Funds to go for BHP's jugular if miner doesn't deliver goods

By: Bloomberg     21st August 2017 BHP Billiton’s truce with activist investors led by billionaire Paul Singer won’t last long if the world’s biggest mining company doesn’t pump up returns and deliver on strategic reform in the wake of its expected bumper profit report this week. The naming in June of BHP’s youngest director Ken... 

Turkish firms set for $64bn spending spree to leave home

By: Bloomberg     21st August 2017 Robert Yuksel Yildirim had barely been at the family’s construction-materials business a year before the company won its first international contract. Now, it’s a conglomerate with interests in mining, ports and chemicals across 28 countries. Twenty four years after the deal to import coal... 

The victor, the spoils? Trump eyes Afghanistan's elusive mineral riches

By: Reuters     21st August 2017 US President Donald Trump is eyeing Afghanistan's mineral wealth to help pay for a 16-year war and reconstruction efforts that have already cost $117-billion. Investors who have studied the country, one of the world's most dangerous, say that is a pipe dream. Ever since a United States Geological... 

WorleyParsons developing black enterprises 

By: Martin Creamer     21st August 2017 Project delivery and engineering consultancy WorleyParsons RSA is answering South Africa’s call for broader economic participation and transformation. The local company, which is part of the Australian Securities Exchange-listed WorleyParsons engineering group that serves the resources and energy... 

Freeport-McMoRan redeems five series of senior notes

By: Henry Lazenby     18th August 2017 The world’s largest publicly traded copper producer Freeport-McMoRan (FCX) has redeemed five series of senior notes with a total value of $543-million. The Phoenix, Arizona-headquartered company advised that it had issued notices to redeem on September 18, with two series of FCX senior notes and... 

Fracking jobs prove elusive for coal miners looking to switch

By: Bloomberg     18th August 2017 Robert Dennis has mined coal in West Virginia for 10 years but a recent evening found him in a classroom at his local community college. He came to learn about opportunities in fracking, a drilling technique used to produce natural gas — the very fuel that is threatening coal’s future. “I know... 

Ferguson calls on NT govt to reconsider fracking stance

By: Esmarie Swanepoel     18th August 2017 The Australian Petroleum Production & Exploration Association (Appea) has called on the Northern Territory government to reconsider its stance on hydraulic fracturing (fracking), saying an onshore gas industry in the region could deliver new sources of stable, long-term revenue for the Territory... 

Still much uncertainty as LPG stakeholders grapple with market inquiry findings

By: Mia Breytenbach     18th August 2017 In the findings and recommendations of the first-ever market inquiry into the local liquefied petroleum gas (LPG) industry, the Competition Commission urges public and private organisations to improve performance in the sector, yet much uncertainty remains in the wake of the report’s publication.... 

Glencore to start importing fuel for Mexico's domestic market in Feb – oil chief

By: Reuters     18th August 2017 Trading firm Glencore expects to start importing fuel for Mexico's domestic market in February 2018 through its own terminal in the southern state of Tabasco, the head of the firm's oil division, Alex Beard, said on Thursday. The executive said the fuel will be ultimately sold by a large network... 

Alkoxylation plant project, China

By: Sheila Barradas     18th August 2017 The new production unit will modernise and expand Sasol’s current alkoxylation capacity, research and development facility and technical support capability, in Nanjing. 

Butane storage tank project, Belgium

By: Sheila Barradas     18th August 2017 The project will provide INEOS with options to trade butane in Europe. 

Carbon capture tech will recycle ferroalloys sector’s emissions

     18th August 2017 South African green-technology company Swayana is collaborating with US-based carbon recycling company LanzaTech to introduce its proprietary carbon capture technology to South Africa. Swayana, a level 2 broad-based black economic-empowerment company established in 2016, uses carbon-footprint... 

Electrical Power Generation 101

By: Terry Mackenzie-hoy     18th August 2017 A few things we should possibly all know if we wish to talk about energy. The national grid is not a energy storage dam. What goes into the grid comes out of the grid very shortly, almost instantaneously. Thus, the amount of power generated matches the amount of power used, apart of losses due to... 

INEOS European expansion plan, Europe

By: Sheila Barradas     18th August 2017 INEOS plans to build a world-scale propane dehydrogenation unit, in Europe. 

Mountain Valley pipeline project and Equitrans expansion project, US

By: Sheila Barradas     18th August 2017 The project aims to build and operate a new 489-km-long, 107-cm-diameter pipeline in West Virginia and Virginia. 

Nthabiseng Kubheka

     18th August 2017 This week we profile Nthabiseng Kubheka, an executive project director at GE Power, a provider of technology, solutions and services across the energy value chain   

SADC in need of localised development

     18th August 2017 Localisation in infrastructure development in the Southern African Development Community (SADC) region is critical to industrialisation, says the Department of Trade and Industry (DTI).  

Still much uncertainty as LPG stakeholders grapple with market inquiry findings

By: Mia Breytenbach     18th August 2017 In the findings and recommendations of the first-ever market inquiry into the local liquefied petroleum gas (LPG) industry, the Competition Commission urges public and private organisations to improve performance in the sector, yet much uncertainty remains in the wake of the report’s publication.... 

Booming thermal coal price on China demand cheers miners

By: Reuters     17th August 2017 Australian thermal coal prices for spot cargoes above $100/t, lifted by reports of strikes and strong Chinese demand, are providing a boost in earnings and share prices for miners like Glencore and Whitehaven Coal. A crackdown on illegal mining and pollution in China has curbed domestic... 

Rapid delivery secures more dual fan business for SKF

     17th August 2017 SKF South Africa’s capabilities and commitment once again came to the fore when the bearing and rotating specialist met a customer’s tight deadline for the design and supply of eight fan housings. The dual fan housings were required by the OEM customer, a global supplier of air and gas solutions,... 

Industrial gas supplier showcases commitment to craft beer market 

     17th August 2017 Industrial gas supplier Air Products hosted media at Johannesburg-based restaurant and microbrewery Mad Giant in June, where it showcased its support for South Africa’s bourgeoning craft beer industry. David Oliveira tells us more. 

Arup Structural Engineering Expertise Highly Commended By Saice

     16th August 2017 The South African Institution of Civil Engineering (SAICE) recognised Arup with a Highly Commended Award in the Structural Engineering Project Division for their work on the PwC Tower, at the Most Outstanding Project Awards ceremony hosted by SAICE, Johannesburg Branch.   “Our unique contribution... 

India, Iran talks on Farzad B gasfields near breaking point 

By: Ajoy K Das     16th August 2017 The protracted negotiations between India and Iran on the Farzad B gasfields have come to a halt following a hardening of stance by both countries. No top level talks between officials of India and Iran have been held since the expiry of the last deadline of February, but official written... 

Woodside profits surge in H1

By: Esmarie Swanepoel     16th August 2017 ASX-listed Woodside Energy has reported a 49% increase in half-year net profit after tax to $507-million, as production reached 42.2-million barrels of oil equivalent. Production for the first half of 2017 was slightly lower than the 45.9-million barrels of oil equivalent reported in the... 

Origin widens losses in FY17

By: Esmarie Swanepoel     16th August 2017 Oil and gas producer Origin Energy has widened its statutory loss for the 2017 financial year, from A$628-million reported at the end of 2016, to A$2.22-billion. The company earlier warned of a A$1.2-billion post tax impairment on the second half of the 2017 financial year, driven by a... 

Pullback in US fracking sand use pressures producers

By: Reuters     16th August 2017 US shale oil companies are pulling back on the amount of sand they use to hydraulically fracture new wells, responding to rising prices of the material that are driving up costs. Investors worry a slowdown in sand use, combined with new mining capacity coming online, could lead to a glut of the... 

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