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Oil & Gas

Vales at an oil refinery
IEA says substantial emergency oil stocks remain after record release
Updated 31 minutes ago By: Reuters

The International Energy Agency's (IEA) member countries still hold substantial emergency oil stocks in reserve despite the largest coordinated release of strategic reserves on record, it said on... 


The Twistdraai destoning plant
Sasol says Secunda output at five-year high after coal destoning project
Updated 6 hours ago By: Terence Creamer

JSE-listed energy and chemicals group Sasol reported that its Secunda Operations, in Mpumalanga, achieved its highest annual production in the past five years during the 2026 financial year to June... 


Oil tankers at sea
Goldman sees Brent exceeding $120/bbl in Q4 if Hormuz disruptions persist
Updated 7 hours ago By: Reuters

Goldman Sachs said on Monday that Brent crude could top $120 a barrel in the fourth quarter this year and average $100 a barrel next year if flows through the Strait of Hormuz remain disrupted and... 


A map indicating the location of Kinetiko's gas project in South Africa
Australia's Kinetiko seeks fast-track route to South Africa gas production
15th July 2026 By: Reuters

Australian company Kinetiko is taking a two-step permitting process to accelerate gas production at its South African Brakfontein project ahead of a looming national gas shortage, the company's... 


3D-printed oil barrels
Oil hits four-week high as US-Iran conflict escalates
14th July 2026 By: Reuters

Oil prices rose on Tuesday to their highest in four weeks, as the US reimposed a naval blockade of Iran and renewed attacks between Washington and Tehran heightened concerns over energy flows... 


An offshore oil rig
OPEC further lowers 2026 global oil demand growth forecast
13th July 2026 By: Reuters

OPEC on Monday lowered its forecast for world oil demand growth in 2026 to 780 000 barrels per day, a copy of its monthly report showed, marking the third straight downward revision. The producer... 


A ship and an oil rig
US-Iran escalation could threaten 2027 oil market surplus, IEA says
10th July 2026 By: Reuters

A recent escalation of hostilities between the US and Iran could upend the International Energy Agency's (IEA's) forecast of a significant oil market surplus next year, it said on Friday, as global... 


Major new commitments of funding announced for clean cooking in Africa
9th July 2026 By: Rebecca Campbell

The International Energy Agency (IEA) announced on Thursday that $900-million of new commitments had been made to the international Clean Cooking in Africa (CCA) initiative. Further, of the... 


An oil rig
Oil surges, stocks tumble as Trump declares Iran MoU 'over'
8th July 2026 By: Reuters

Oil surged by more than 5% on Wednesday and global stocks and bond prices tumbled, as investors fled risk assets after US President Donald Trump said the memorandum of understanding signed with... 


A Dangote crude storage tank
Dangote to fund proposed Kenya refinery with cash, bonds and an IPO
8th July 2026 By: Reuters

Nigeria's Dangote Group plans to finance a proposed 700 000 bbl/d oil refinery in Kenya through internal cash flow, bonds and an initial public offering, a senior company executive told Reuters.... 


The Karoo
UCT scientists have found a stressed geological fault underneath the Karoo basin
7th July 2026 By: Rebecca Campbell

Earth scientists at the University of Cape Town’s (UCT’s) Department of Geological Sciences have identified a hitherto unknown geological fault underneath the Karoo basin. This fault extends across... 


An image of oil and gas shipping in the Strait of Hormuz
Natural gas demand set for contraction this year, as tighter supply impacts prices – IEA
7th July 2026 By: Tasneem Bulbulia

The world’s gas consumption is forecast to drop for the third time in seven years, even as liquefied natural gas (LNG) supply from producers in other regions helps offset losses in the Middle East,... 


Nigeria joins IEA, boosting global energy governance
2nd July 2026 By: Schalk Burger

Nigeria has joined global organisation the International Energy Agency (IEA), which deepens the IEA's cooperation with Africa’s most populous nation and marks a milestone for global energy... 


Hitachi Energy  provides compelling insight into Africa’s renewables status
Hitachi Energy provides compelling insight into Africa’s renewables status
30th June 2026

Make sure you watch this AT TOP LEVEL interview with Mohamed Hosseiny, the Oversight Country Managing Director for Africa at Hitachi Energy and his comments on the positive manner in which Africa... 


Pump jacks
Oil set to end June down by about 20%, with investors focused on Doha
30th June 2026 By: Reuters

Oil prices dipped around 1% on Tuesday, reversing the previous session's gains, and were poised for a monthly decline, with investors eyeing potential US-Iran talks in Doha amid a strained interim... 


An image of loadshedding
Eskom reviewing investigation report on diesel procurement, storage contracts
29th June 2026 By: Tasneem Bulbulia

State-owned utility Eskom has received the report on the findings of an independent investigation into diesel procurement and storage contracts under tender MWP2197GX. The report is undergoing a... 


Strait of Hormuz
Oil climbs following renewed US, Iran strikes in Middle East
29th June 2026 By: Reuters

Oil prices rose on Monday following days of tit-for-tat strikes by the US and Iran that underscored the fragility of their interim peace deal and again slowed energy shipping through the Strait of... 


Paul Mann
ASP Isotopes proposes merger of Noble Africa with EBDRA Life Sciences
26th June 2026 By: Sabrina Jardim

JSE- and Nasdaq-listed ASP Isotopes has announced that its wholly-owned subsidiary Noble Africa, an intermediate holding company for Renergen, will merge with a subsidiary of Nasdaq-listed ENDRA... 


Stuart Heather-Clark, SLR Consulting Power Sector Lead Middle East and Africa
Exciting gigawatt-scale projects across Africa, SLR reports
26th June 2026 By: Martin Creamer

To combat climate change, the world needs green molecules in addition to green electrons. “If we look how the economy is carbonised, an electron can only decarbonise between 60% to 70% of the... 


Vessels in the Strait of Hormuz
Oil extends decline on rising Middle East supply
25th June 2026 By: Reuters

Oil prices extended their decline on Thursday to near levels last seen before the start of the Iran war, as expectations of rising supply from the Middle East outweighed demand concerns.... 


An oil tanker at sea
Hormuz reopening to release wave of oil supply, depress prices
18th June 2026 By: Reuters

Middle Eastern crude oil markets could come under further pressure if the Strait of Hormuz reopens on Friday following the US-Iran interim deal, releasing-millions of barrels of oil stranded in the... 


CHINT sales manager Dawie Reyneke speaks to Engineering News at the Africa Energy Forum in Cape Town about the role of reliable energy infrastructure in supporting industrial development, strengthening power networks and enabling Africa's energy transition.
CHINT says reliable energy infrastructure is foundation for industrial growth
17th June 2026 By: Mariaan Webb

Energy technology company CHINT believes reliable power infrastructure will be critical to supporting Africa's industrialisation ambitions. 


Wärtsilä Director: Growth and Development, Africa and Europe Louis Strydom speaks to Engineering News at the Africa Energy Forum in Cape Town.
Gas a key enabler for Africa’s energy transition – Wärtsilä
17th June 2026 By: Mariaan Webb

Wärtsilä Director: Growth and Development, Africa and Europe Louis Strydom speaks to Engineering News at the Africa Energy Forum in Cape Town.  


Sungrow Southern Africa Senior Accounts Manager Sean Naude speaks to Engineering News at the Africa Energy Forum in Cape Town.
Sungrow showcases battery energy storage solutions at AEF
17th June 2026 By: Mariaan Webb

Sungrow Southern Africa Senior Accounts Manager Sean Naude speaks to Engineering News at the Africa Energy Forum in Cape Town.  


Seriti Green CEO Peter Venn speaks to
Seriti Green calls for faster permitting to support energy transition, job creation
17th June 2026 By: Mariaan Webb

Seriti Green CEO Peter Venn speaks to Engineering News at the Africa Energy Forum in Cape Town.  


Red Rocket COO Luca Silva speaks to
Red Rocket sees opportunity in next phase of energy market evolution
17th June 2026 By: Mariaan Webb

Red Rocket COO Luca Silva speaks to Engineering News at the Africa Energy Forum in Cape Town about the company's growth ambitions, opportunities in Africa's electricity market and the role of... 


Oil rig operation in Iran
IEA sees significant 2027 oil surplus after Hormuz recovery
17th June 2026 By: Reuters

The oil market will move into a significant supply surplus in 2027 after recovering from the closure of the Strait of Hormuz, the International Energy Agency (IEA) said in its monthly oil market... 


Mulilo CEO Jan Fourie
Transmission expansion remains energy sector's biggest unlock — Mulilo
17th June 2026 By: Mariaan Webb

Mulilo CEO Jan Fourie speaks to Engineering News at the Africa Energy Forum in Cape Town about the priorities for South Africa's renewable energy sector, the investment and policy actions needed to... 


Johnson Matthey Catalyst Technologies CEO Alberto Giovanzana and Phelan Green Energy chairperson Paschal Phelan
Phelan Green selects Johnson Matthey technology for Saldanha eSAF plant
17th June 2026 By: Schalk Burger

Renewable energy company Phelan Green Hydrogen says it has licensed technologies from advanced metals chemistry company Johnson Matthey Catalyst Technologies for its planned electro‑sustainable... 


Globeleq CEO Jonathan Hoffman
Globeleq highlights opportunities in Southern Africa
17th June 2026 By: Mariaan Webb

Globeleq CEO Jonathan Hoffman speaks to Engineering News at the Africa Energy Forum in Cape Town about the key developments shaping the continent's energy landscape and the opportunities,... 


SLR Consulting business development director for the Middle East Andrew Burrow
SLR highlights growing regional energy and investment links
17th June 2026 By: Mariaan Webb

SLR Consulting business development director for the Middle East Andrew Burrow speaks to Engineering News at the Africa Energy Forum in Cape Town about opportunities and challenges in the energy... 


Crude oil
Oil hits 3-month low as US, Iran reach peace deal to reopen Strait of Hormuz
15th June 2026 By: Reuters

Oil prices slipped to a three-month low on Monday after US President Donald Trump and Iran's deputy foreign minister said they had reached an initial deal to end the war and to resume traffic... 


Oil rig
Shares and bonds surge, oil slides on Iran deal
15th June 2026 By: Reuters

Share markets and bonds rallied hard on Monday and oil prices tumbled 5% as a framework peace deal between the US and Iran promised to ease inflationary pressures globally and lessen the need for... 


An oil rig
Goldman lowers 2027 Brent oil forecast on supply growth, demand risks
12th June 2026 By: Reuters

Goldman Sachs on Thursday lowered its 2027 average Brent oil price forecast to $80/bbl, citing stronger supply growth and persistent demand weakness, even as it warned prices could swing sharply... 


Mineral and Petroleum Resources Minister Gwede Mantashe
Mantashe calls for stronger refining capacity amid global energy instability
10th June 2026 By: Lumkile Nkomfe

Mineral and Petroleum Resources Minister Gwede Mantashe has reiterated government’s commitment to strengthening South Africa’s energy security through increased refining capacity, strategic fuel... 


Standard Bank Mozambique CEO Bernardo Aparício
Standard Bank outlines macroeconomic spinoffs from $30bn Rovuma LNG project
8th June 2026 By: Terence Creamer

Standard Bank has published a bullish macroeconomic assessment of the giant Rovuma liquefied natural gas (LNG) project in northern Mozambique, which has been described as the largest commercial... 


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Sector News

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Columbus Stainless, based in Middelburg, Mpumalanga, is Africa’s only producer of stainless steel flat products. In addition, Columbus is the only...

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