http://www.engineeringnews.co.za
R/€ = 16.93 Change: -0.17
R/$ = 14.87 Change: -0.13
Au 1177.39 $/oz Change: 0.47
Pt 776.50 $/oz Change: 0.80
 

Topic

Angola aims to boost oil output with new block sale agency

By: Reuters     16th August 2018 Angola will launch next year a new agency to handle oil concessions, the government said on Thursday, as President João Lourenço pushes ahead with reforms aimed at boosting production in Africa's second biggest oil industry. The creation of a National Agency of Petroleum and Gas to manage and... 

Nigeria's State-owned oil company considers refinery partnerships

By: Reuters     14th August 2018 Nigerian National Petroleum Corporation (NNPC) could allow private investors to install two refineries on two of its sites, the State-owned oil company said on Tuesday. NNPC said in a statement that it was considering plans to establish a 100 000 bbl/d brownfield refinery at its Port-Harcourt and... 

Ecowas moves to address gap in energy sector

By: African News Agency      14th August 2018 The Commission of the Economic Community of West African States (Ecowas) has moved to validate its regional strategy to popularise liquefied petroleum gas in West Africa to improve its economy and address health challenges and environmental degradation associated with the lack of access to the... 

Western Surat gas project receives final enviro nod

By: Esmarie Swanepoel     14th August 2018 ASX-listed Senex Energy has been given commonwealth environmental approval for its Western Surat gas project, bringing the project one step closer to development. Along with the previously granted state environmental approvals and petroleum lease, Senex has received all primary approvals to... 

Government considering ban on microbeads after Gauteng drinking water is found to be contaminated

By: News24Wire      10th August 2018 The government has set up a task team to look at imposing a total ban on microbeads – the tiny plastic beads used in cosmetics, toothpaste and sandblasting. This comes after a Water Research Commission study found microplastic pollution in tap water in Johannesburg and Tshwane, as well as in all... 

Engen Pitch & Polish continues to advance entrepreneurs

By: Creamer Media Reporter      8th August 2018 Engen believes that entrepreneurship and an entrepreneurial culture are crucial to South Africa’s sustainable economic and social development. This is why the petroleum giant is again a proud partner and the headline sponsor of the 2018 Engen Pitch & Polish, powered by Raizcorp.   It is the ninth... 

Govt must play role in limiting large-scale retrenchment – RBPlat 

By: Martin Creamer     7th August 2018 Government must play a role in limiting large-scale retrenchment in the platinum sector by potentially incentivising companies to curb job loss. Mineral Resources Minister Gwede Mantashe has objected strongly to the retrenchment plans of Impala Platinum in particular and Royal Bafokeng Platinum... 

Draft charter offers opportunity to improve policy certainty, investor perception

By: Simone Liedtke     7th August 2018 The draft 2018 iteration of the Mining Charter, as well as the Mineral and Petroleum Resources Development Act and social and labour plans amendments expected later this year, offer an opportunity to improve regulatory and policy certainty and, subsequently, investor perception in the South... 

Steel mills in China's Hebei cut output due to power shortage

By: Reuters     6th August 2018 Some steel mills in Hebei, China's top steelmaking province, have been ordered to curb operations due to power shortages in the region, industrial sources said. Power grid loading in late July in southern areas of Hebei reached 36.57 gigawatts (GW), the highest on record, as a heatwave spurred... 

Tanzania wants to build pipeline to pump gas to Uganda

By: Reuters     6th August 2018 Tanzania wants to build a pipeline to pump natural gas to neighbouring Uganda, another step in the two countries' bid to expand energy cooperation. State-run Tanzania Petroleum Development Corporation (TPDC) said on Monday that the pipeline would start from its capital Dar es Salaam, then pass... 

Great Australian Bight holds a treasure trove for South Australia

By: Esmarie Swanepoel     6th August 2018 A new study by the Australian Petroleum Production and Exploration Association (Appea) has found that successful oil exploration in the Great Australian Bight could see the creation of more than 2 000 jobs in South Australia and generate over A$7-billion a year in average tax revenue to federal... 

What are the SEIFSA Price Indices?

3rd August 2018 So, you are in the process of tendering for that big contract and it is a requirement that you make use of SEIFSA’s price indices to assist you in accurately pricing your tender contract. At this point in the tendering process you might not be aware of who SEIFSA is or that SEIFSA even has price... 

Redefining philanthropy

By: Martin Zhuwakinyu     3rd August 2018 Aliko Dangote, Africa’s richest man – with a net worth of $12.4-billion – is redefining philanthropy in his native Nigeria. But the 61-year-old is doing this in a way that will make his bank account even fatter. Dangote Group, the 30 000-employee multinational industrial conglomerate he founded... 

Ichthys liquefied natural gas project, Australia

By: Sheila Barradas     3rd August 2018 The first offshore production well has started. 

Nigeria oil refinery

3rd August 2018 Nigerian business magnate Aliko Dangote has arranged more than $4.5-billion in debt financing for his Nigerian oil refinery project. 

Mixed feed cracker project, South Korea

By: Sheila Barradas     3rd August 2018 GS Caltex Corporation is building a 700 000 t/y ethylene mixed feed cracker, in Yeosu. 

Implats’ R2.7bn cut of 13 000 jobs, five shafts, 230 000 oz, evokes Minister’s rebuke 

By: Martin Creamer     2nd August 2018 The drastic R2.7-billion restructure of the Impala Rustenburg mine, involving the loss of 13 000 jobs, the closure of five shafts and cutting of 230 000 oz out of yearly platinum production, has evoked a strong rebuke from the Mineral Resources Minister Gwede Mantashe, who has accused Impala... 

Gas industry pushes for further easing of restrictions to boost supply

By: Esmarie Swanepoel     2nd August 2018 The resources industry has called for a further easing of restrictions on the gas industry to ensure the development of more supply, according to the Australian Competition and Consumer Commission’s (ACCC’s) latest Gas Market Inquiry report. The ACCC said on Thursday that while conditions on the... 

Resources continue to drive Australian exports

By: Esmarie Swanepoel     2nd August 2018 New data from the Australian Bureau of Statistics (ABS) has shown that the resources sector is still driving the economy. The ABS on Thursday reported that Australia’s exports of goods and services surpassed A$400-billion for the first time in 2017/18, owing mainly to growth in resources... 

Commission granted 15-day extension in proposed OTS, Chevron South Africa merger

By: Creamer Media Reporter      2nd August 2018 The Competition Tribunal has granted the Competition Commission a 15 working day extension to consult interested parties to a proposed merger between Off the Shelf 56 (OTS) and Chevron South Africa (CSA). OTS, which already owns 25% of CSA, is seeking to acquire the remaining 75% interest in CSA... 

CSIRO starts gas monitoring in NT

By: Esmarie Swanepoel     1st August 2018 The Australian Petroleum Production and Exploration Association (Appea) has welcomed an announcement by the Northern Territory government that the Commonwealth Scientific and Industrial Research Organisation (CSIRO) has started work to monitor landscape methane concentrations in the Beetaloo... 

Petrol price to rise 1c/ℓ in August

By: Simone Liedtke     30th July 2018 The petrol price will increase by 1c/ℓ on August 1, while the diesel price will decrease by 4c/ℓ, the Central Energy Fund (CEF) has revealed. Illuminating paraffin will increase by 4c/ℓ and liquefied petroleum gas by 17c/kg. 

India to shift to revenue sharing contracts at oilfields auction next month

By: Ajoy K Das     30th July 2018 KIndia will usher in a shift to revenue-sharing contracts and scrap production sharing contracts (PSCs) when the government auctions 60 discovered small oilfields next month. The government will put up for auction 22 fields owned by national oil exploration and production (E&P) major ONGC, five... 

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... 

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... 

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... 

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... 

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... 

Mr Wise launches Engen KlevaKidz in Limpopo

20th July 2018 The annual Engen KlevaKidz launched in Limpopo this month with super hero safety educator, Mr Wise in the starring role.  KlevaKidz is an educational campaign that uses industrial theatre to engage and educate learners across South Africa about the importance of paraffin safety. Engen KlevaKidz... 

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. 

SMEC South Africa to help develop white oil storage terminal in Ethiopia

By: Marleny Arnoldi     19th July 2018 Consulting engineering firm SMEC South Africa, with support from SMEC International, has been appointed by Ethiopian Petroleum Supply Enterprise to develop a white oil products storage terminal at Port Dukem, in Ethiopia. The facility will be the biggest among the country’s depots at 240 000 m3.  

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... 

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... 

Oil change - What happens to used lubricating oil in South Africa?

19th July 2018 Global warming and environmental pollution has intensified our need to recycle our limited natural resources and to extend the lifespan of the manufactured products we use. The lubricants industry is no exception and currently in South Africa most of the used oil collected is recycled into... 

Greece shortlists Glencore, Vitol in Hellenic Petroleum majority stake sale

By: Reuters     18th July 2018 Greece has shortlisted Anglo-Swiss Glencore and Swiss Vitol to submit a binding bid for a majority stake in the country's biggest oil refiner Hellenic Petroleum, its privatisation agency said on Wednesday. Athens last month received five expressions of interest for a 50.1% stake that Greece and... 

BHP beats production expectations; warns of $650m Samarco charge

By: Esmarie Swanepoel     18th July 2018 Diversified giant BHP on Wednesday announced that the company had met or exceeded the production expectations for its commodities during the 2018 financial year, but warned of a $650-million financial impact related to the Samarco dam failure, in Brazil. “We have delivered a strong finish to the... 

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... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close