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Press Office - Reatile

Reatile

Reatile Group is a 100% black owned investment holding company formed in 2003 to take advantage of the opportunities presented by the economic transformation in industrial sectors of the South African Economy.

Reatile Group’s strategic focus is on the energy, petrochemical and industrial sectors.

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Anglo draws line in sand for thermal coal

By: Martin Creamer     27th July 2018 Anglo American has drawn a line in the sand for its thermal coal portfolio. With 14 more years of life in existing assets, the company made it clear this week that it would engage in incremental expansion where it made sense, but not in long-term growth projects. Anglo has halved its footprint in... 

Cummins ISX475 engines give 30-year-old firefighting vehicles a new lease on life

27th July 2018 Cummins is supplying specialist manufacturer Marcé Fire Fighting Technology of Centurion, Gauteng with six new ISX475 engines for firefighting vehicles to be deployed at various airports in Zimbabwe. The Cummins ISX475 is an Inline (Straight) 6 diesel engine, specifically for use on heavy-duty... 

South Africa’s wind industry calls for standard metrics for employment in the energy sector 

By: Kim Cloete     27th July 2018 The South African wind industry has called for a standardised metric to determine employment in the energy sector.   Currently all South African coal power-related employment studies use the metric employees or jobs as opposed to the more internationally applied metric person-years, which is used... 

Oando financials thrive on back of high-demand, low-supply oil environment

By: Marleny Arnoldi     27th July 2018 JSE-listed Nigerian energy group Oando reported a solid financial footing for the first half of the year on the back of higher oil prices as a direct consequence of increasing demand and lower supply. Higher oil prices, and the resolution of joint venture funding challenges with the Nigerian... 

Biodegradable polymer market value to grow to $1.7bn by 2023

By: Marleny Arnoldi     27th July 2018 As plastic regulations and bans on plastic bags and other single-use plastic items such as drinking straws increase globally, the demand and, therefore, market value of biodegradable polymers exceeds $1-billion and will rise sharply to $1.7-billion by 2023, says global information provider IHS... 

Lack of investment stymies SA coal producers

By: Nadine James     27th July 2018 A lack of investment is hindering the South African coal industry’s ability to capitalise on a period of relatively stable demand for thermal and metallurgical coal locally and abroad, says XMP Consulting senior coal analyst Xavier Prevost. The local coal industry is experiencing a challenging... 

BHP sells onshore US assets for $10.8bn

By: Esmarie Swanepoel     27th July 2018 Mining major BHP has struck deals to divest of its onshore US oil and gas assets for $10.8-billion in cash. BP American Production Company, a subsidiary of energy major British Petroleum (BP), has agreed to acquire all of the issued share capital of Petrohawk Energy Corporation, which holds the... 

Natural gas vital for S Africa’s energy security

By: Melissa Zisengwe     27th July 2018 The energy sector’s global and inclusive forum for engagement, the Energy Council, believes that South Africa’s Gas-to-Power programme is vital to ensuring energy security for the country. Consequently, the Energy Council regularly engages with the Department of Energy (DoE) to see how the... 

Limited gas exploration affects South Africa’s energy mix

By: Melissa Zisengwe     27th July 2018 Gas could soon become an important element in the South African energy mix, despite the amount of gas used currently being very low, with limited imports and exploration activities, says South African Oil & Gas Alliance (SAOGA) CEO Niall Kramer. “South Africa’s gas usage is about 3% of our total... 

D2M system grows its Plascon Acryline range

By: Halima Frost     27th July 2018 Owing to global demand for smarter painting systems that are cost effective and reduce process time, coatings company Kansai Plascon has introduced its Acryline Direct-2-Metal (D2M) system of automotive paints, which is considered as one of South Africa’s leading commercial-vehicle (CV) coating... 

Price of electricity affects local gas-to-power projects

By: Melissa Zisengwe     27th July 2018 One of the biggest challenges of implementing gas-to-power projects in South Africa is the volatility of the natural gas price, compared with that of electricity, says consultancy firm WSP Africa generation and power regional director Martin Mkhabela. This volatility is caused by the pricing... 

Ford hits carbon emissions reduction target eight years early

27th July 2018 In June, automotive manufacturer Ford Motor Company announced that it had met its goal to reduce manufacturing emissions – eight years ahead of schedule. Ford hit the target twice as fast as expected. The results are dramatic, with a global manufacturing carbon emissions reduction of more than... 

Kusile power plant project, South Africa

By: Sheila Barradas     27th July 2018 Eskom has signed a loan agreement with the China Development Bank for the Kusile power station. 

Ethane cracker and a propane dehydrogenation unit, Europe

By: Sheila Barradas     27th July 2018 INEOS has approved the project. 

Kyaukse gas-fired power plant, Myanmar

By: Sheila Barradas     27th July 2018 The contract for the generating equipment for the power plant has been awarded. 

Global steel output jumps in H1 as strong margins tempt mills to ramp up

By: Reuters     26th July 2018 Global crude steel output, a gauge of economic health, rose 4.6% in the first half of this year versus the same period last year, as strong margins prompted mills in major producing countries to ramp up, industry data showed on Thursday. Crude steel production for the 64 countries reporting to... 

Europe to become 'massive' buyer of US LNG, Trump says

By: Bloomberg     25th July 2018 Europe will build more terminals to import US liquefied natural gas, the head of the European Commission told US President Donald Trump during a meeting aimed at averting a transatlantic trade war. “They want very much to do that, and we have plenty of it,” Trump said, referring to the US shale... 

The natural gas revolution in South Africa: A changing energy landscape

By: Creamer Media Reporter      24th July 2018 Recent on- and off-shore discoveries of globally significant quantities of natural gas in Southern Africa – including trillions of cubic metres of natural gas in the Rovuma Basin off the Mozambique coast, the biggest global find of natural gas in decades – represent a new dawn for the region’s... 

Researchers build scientific research cloud to process images from the MeerKAT telescope 

By: Kim Cloete     24th July 2018 Three universities are making strides in an extensive project to build a computing infrastructure capable of processing the vast amounts of data that will come from the MeerKAT telescope. The Inter-University Institute for Data Intensive Astronomy (IDIA) has developed a scientific research cloud... 

Arc 1

24th July 2018 High-quality welding and cutting products and services supplier Arc 1 is focused on supporting the fabrication industry in Southern Africa. Based in Elandsfontein, Germiston, the company intends to be the supplier of choice for those fabrication customers wanting to procure high-quality welding... 

Schneider Electric Premset installation upgrades Limpopo substation

24th July 2018 Stable electricity supply comes to Limpopo province Breakers operate under flood conditions Plug and play systems assist ease of replacement Schneider Electric has installed the first of its new-generation Schneider Premset SSIS (Shielded, Solid Insulation System) modular switchgears at the... 

Braze-A-Gas is best-practice solution for brazing copper tubes

23rd July 2018 Speciality chemicals supplier A-Gas South Africa launched its new Braze-A-Gas products at FRIGAIR 2018, Africa's largest heating, energy, ventilation, air conditioning and refrigeration exhibition, from 6 to 8 June at Gallagher Convention Centre in Midrand. Braze-A-Gas has been developed... 

Egypt hikes gas prices by up to 75% in IMF-backed austerity plan

By: Reuters     23rd July 2018 Egypt said on Saturday it was raising the price of natural gas for home and commercial use by up to 75%, the latest move in an IMF-backed austerity programme that has left many Egyptians struggling to make ends meet. The increases follow hikes to fuel, electricity and public transport prices that... 

PNG LNG signs mid-term offtake

By: Esmarie Swanepoel     20th July 2018 The Papua New Guinea liquefied natural gas (PNGG LNG) project partners have entered into a mid-term LNG sale and purchase agreement with Hong Kong-based PetroChina International Corporation. Under the agreement, the PNG LNG project will supply some 0.45-million tonnes of LNG a year over a... 

Uranium tariffs threaten nuclear plants Trump is trying to save

By: Bloomberg     20th July 2018 The Trump administration’s decision to consider tariffs on uranium imports may raise the cost of fuel for nuclear reactors and undermine a separate initiative to shore up struggling electricity generators. The Commerce Department said Wednesday it will probe whether uranium imports “threaten to... 

Finding common ground in the energy mix

20th July 2018 South Africa’s energy sector has been mired in controversy of late, leaving citizens in the dark as to where the country’s energy future is headed and what it will take to keep the lights on. Be it the delays in signing power purchase agreements for the renewables projects, the National Union of... 

The elephant in the substation

By: Terry Mackenzie-hoy     20th July 2018 Everybody knows that renewable energy is great for us all: it is free, it does not pollute, it keeps big bad Eskom on its toes and it  represents huge investments in South Africa. What is there not to love? The bids for various wind power farms (this is the amount for which Eskom has to buy power... 

Nigeria oil refinery

By: Sheila Barradas     20th July 2018 Nigerian business magnate, Aliko Dangote, has signed a $650-million loan facility for his oil refinery project. 

Finding common ground in the energy mix

20th July 2018 South Africa’s energy sector has been mired in controversy of late, leaving citizens in the dark as to where the country’s energy future is headed and what it will take to keep the lights on. Be it the delays in signing power purchase agreements for the renewables projects, the National Union of... 

Commodity contagion spreads as raw material crash threatens calm

By: Bloomberg     19th July 2018 Don’t be fooled by the relative calm across financial markets: The inputs in the global supply chain are flashing warning signs. Commodities have tumbled into correction territory Thursday, sliding again in the face of the resurgent dollar and lingering global trade tensions. Among the recent... 

First African company announces science-based greenhouse gas target

By: African News Agency      19th July 2018 Emira Property Fund has become the first African and South African company to have a greenhouse gas emissions target approved by the Science Based Targets initiative (SBTi). The initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute and the World... 

M&R awarded R4bn of projects in Australasia

By: Marleny Arnoldi     19th July 2018 JSE-listed engineering and construction group Murray & Roberts (M&R) has been awarded new projects to the value of R4-billion, to be delivered over the next two years. These awards include projects to be undertaken by M&R’s oil and gas platform in the metals and minerals market in Australasia,... 

Metgasco turns to Mexican Gulf

By: Esmarie Swanepoel     19th July 2018 ASX-listed Metgasco has entered into an agreement with fellow listed Byron Energy to farm-in to the South Marsh Island block, in the Gulf of Mexico. Metgasco will gain a 30% interest in the project through funding 40% of the cost of an initial test well to casing point, as well as certain... 

Woodside production on the up

By: Esmarie Swanepoel     19th July 2018 ASX-listed Woodside Petroleum has reported increased production with the start of the second liquefied natural gas (LNG) train from the Chevron-operated Wheatstone operation. Production during the three months to June reached 22-million barrels of oil equivalent, up from the 20.7-million barrels... 

Higher prices drive Santos revenue

By: Esmarie Swanepoel     19th July 2018 Oil and gas major Santos has reported a 16% increase in sales revenue for the first half of 2018, compared with the previous corresponding period, on the back of stronger commodity prices and higher oil sales. Santos on Thursday reported that production during the first half of the year declined... 

Tullow Oil to shoulder Kosmos' $65m burden over Ghana rig dispute

By: Reuters     18th July 2018 Britain's Tullow Oil has to cough up around $65-million for Kosmos Energy's share and legal fees over a cancelled rig contract in Ghana, the companies said on Wednesday. A London judge had ordered Tullow this month to pay rig owner Seadrill around $254-million, saying Tullow was wrong to end the... 

Africa’s energy industry facing disruption

By: Anine Kilian     17th July 2018 Africa’s energy industry is not declining, but it is being disrupted, says GE gas power systems anglophone Africa sales MD Nosizwe Dlengezele. Addressing media at a briefing, in Johannesburg, on Tuesday, she noted that, ultimately, people who rely on the energy market will find ways to acquire... 

The world's biggest miners want more copper but nobody's selling

By: Bloomberg     17th July 2018 It’s the mining world’s biggest dilemma: everyone’s hunting for copper deals, but even the richest producers just can’t pull the trigger. The largest miners all say they’re bullish on copper and looking for growth in the metal that’s forecast to be in ever-greater demand as cities expand and... 

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