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Oil & Gas News

bp, Shell agree to sell Sapref land, associated assets to the CEF

By: Tasneem Bulbulia     27th May 2024 Following successful negotiations, bp Southern Africa and Shell Downstream South Africa (SDSA) have reached an agreement for the sale of their respective 50% ownership of assets located at the Sapref refinery precinct, in KwaZulu-Natal, to South African State-owned entity the Central Energy Fund... 

Gas still has a crucial role to play in South Africa’s energy mix – Kearney

By: Darren Parker     23rd May 2024 Gas has an important role to play in South Africa’s energy transition journey, Kearney partner Prashaen Reddy says amid calls for public comments on a draft Gas Master Plan, which was released for comment at the end of April. He notes that the Southern Africa region has had several recent gas... 

gas pipelines

Air Products to play pivotal role in hydrogen mobility ecosystem  

22nd May 2024 Industrial and specialty gas manufacturer and supplier Air Products South Africa is aiming to play a pivotal role in establishing a sustainable and thriving hydrogen mobility ecosystem in the country.  

Air Products to play pivotal role in hydrogen mobility ecosystem
Air Products to play pivotal role in hydrogen mobility ecosystem

TotalEnergies, Petronas, Sonangol to proceed with Angolan deepwater project

By: Darren Parker     21st May 2024 Energy company TotalEnergies (40%), along with its Block 20/11 partners, Petronas (40%) and Sonangol (20%), have announced the final investment decision (FID) of the Kaminho deepwater project to develop the Cameia and Golfinho fields, located 100 km off the coast of Angola, in 1 700 m of water.... 

totalenergies logo and building

Nersa approves Sasol Gas’ price application

By: Tasneem Bulbulia     10th May 2024 The National Energy Regulator of South Africa (Nersa) on April 29 approved Sasol Gas’ application for a maximum price of gas for the period July 1, this year, to June 30, 2025. This results in the maximum price of gas being R84/GJ for end-user customers from July 1 to September 30. 

South Africa may curb Shell’s oil exploration over gas-pump exit

By: Bloomberg     10th May 2024 South Africa’s energy ministry signaled it may grant fewer oil exploration permits to Shell over the company’s plans to exit the nation’s fuel-supply business. The oil major is selling its shareholding in Shell Downstream South Africa, which includes a network of 600 gas stations across the... 

Coordinated, rapid plan needed to avoid ‘gas cliff’ – Mavuso

By: Sabrina Jardim     6th May 2024 In her latest weekly newsletter, Business Leadership South Africa CEO Busisiwe Mavuso warns that South Africa could face a “gas cliff” when the supply of gas to industrial users ceases in 2026. In the May 6 newsletter, she says this is a crisis for businesses that collectively employ 70 000... 

Business Leadership South Africa CEO Busisiwe Mavuso
Business Leadership South Africa CEO Busisiwe Mavuso

Shell to exit South Africa's downstream businesses

By: Reuters     6th May 2024 Oil major Shell will divest its majority shareholding from a local South African downstream unit after a comprehensive review of its businesses across all regions, it said on Monday. "As a result of this review, Shell has decided to reshape the downstream portfolio and intends to divest our... 

Renergen successfully producing liquid helium at Virginia project

By: Simone Liedtke     6th May 2024 ASX- and JSE-listed gas producer Renergen is now able to liquify helium in batches from its wells at the Virginia gas project, in South Africa’s Free State province. Since April 2, the original-equipment manufacturer (OEM) that supplied the equipment had brought the helium cold box to the... 

Baker Hughes builds first Namibian mud plant as exploration surges

By: Reuters     2nd May 2024 Energy technology company Baker Hughes will construct a new liquid mud plant, and a separate assembly, maintenance and repair base at Namibia's Walvis Bay to cater to booming offshore exploration activities, a senior executive said. The project will help Namibia cope with an influx of drill rigs... 

Draft Gas Master Plan released amid supply ‘cliff’ warnings 

By: Terence Creamer     29th April 2024 South Africa’s much-delayed draft Gas Master Plan (GMP2024) has been released for public comment by Mineral Resources and Energy Minister Gwede Mantashe, amid indications that the gap between demand and supply will grow steeply from 2026 onwards when Sasol ceases to supply Gauteng and... 

Mineral Resources and Energy Minister Gwede Mantashe
Mineral Resources and Energy Minister Gwede Mantashe

'End of oil not in sight', OPEC secretary general says

By: Reuters     29th April 2024 The end of oil is not in sight, OPEC's top official said, as the pace of energy demand growth means that alternatives cannot replace it at the needed scale, and the focus should be on cutting emissions not oil use. In an op-ed article in the Middle East Economic Survey (MEES) published on... 

'End of oil not in sight', OPEC secretary general says

Compressed natural gas to benefit S African business

By: Trent Roebeck     26th April 2024 Despite ongoing concerns about gas shortages, regulatory uncertainty, geopolitical constraints and infrastructure limitations, using compressed natural gas (CNG) for various business and industrial purposes will become more important in South Africa, says energy company CNG Holdings CEO Josua le... 

An image of the CNG Holdings site in Langlaagte
NATURAL GAS POWER CNG Holdings site in Langlaagte Johannesburg

Tribunal approves Vitol’s buyout of Engen 

By: Darren Parker     25th April 2024 The Competition Tribunal has approved the proposed acquisition of petrol station brand Engen by independent energy marketing and trading company Vitol Emerald, subject to a set of competition and public interest conditions.   The tribunal’s order follows a hearing last month during which it heard... 

Typical Engen garage

Africa has to get involved in carbon markets

By: Rebecca Campbell     25th April 2024 The oil and gas industry is evolving, and has to, highlighted commodities trading and risk management company Ion Commodities VP product strategy Lance Fogtman, in a panel discussion at the 2024 African Refiners and Distributors Association conference, in Cape Town. He reviewed a particular... 

Energy transition will take place in different ways at different rates in different regions

By: Rebecca Campbell     25th April 2024 The energy transition – from high carbon-emitting energy sources to low and zero carbon-emitting energy sources – will vary across different regions and countries, pointed out TotalEnergies VP supply logistics Africa Sebastien Bariller. He was participating in a panel discussion at the 2024... 

Financing African hydrocarbon projects needs a segmented approach

By: Rebecca Campbell     24th April 2024 In an era in which raising finance for major hydrocarbons projects was increasingly challenging, the developers of such projects in Africa should consider segmenting them and separately seeking finance for each segment. That advice was given by Africa Finance Corporation Senior Associate Shao... 

TotalEnergies committed to the energy transition, assures company executive

By: Rebecca Campbell     23rd April 2024 French multinational energy group TotalEnergies was committed to the energy transition and has a strategy for this, highlighted the group’s MD and CEO marketing and services and country chair and executive VP: Southern Africa Mariam Kane-Garcia on Tuesday. She was addressing a session of the... 

Invictus partners with Zim-focused gold miner to investigate gas supply to Eureka mine

By: Marleny Arnoldi     23rd April 2024 ASX-listed Invictus Energy has signed a memorandum of understanding (MoU) that could lead to a maiden gas offtake agreement with Dallaglio Investments, involving the supply of gas to the Eureka gold mine, in Zimbabwe. Invictus will supply natural gas from the Cabora Bassa project, in Zimbabwe,... 

Gas tanks

Africa needs to build more oil infrastructure

By: Schalk Burger     23rd April 2024 Africa's mid- and downstream oil products supply infrastructure is ageing and suffers from a lack of investment, outdated policy frameworks and insufficiencies in regional, national and urban energy planning when compared with other regions across the world. Efforts have also not kept pace with... 

Dangote's oil refinery in Nigeria
Photo by Reuters
Dangote's oil refinery in Nigeria

Project envisions rollout of smart LPG, solar systems, hydrogen stoves to 3.51m indigent households

By: Darren Parker     22nd April 2024 Energy solutions company Kili Energy is spearheading a large-scale initiative, the Kili Energy Clean Energy Democratisation Project, to provide smart liquefied petroleum gas (LPG) canisters and stoves, smart solar systems and novel hydrogen-powered stoves to 3.51-million indigent households in... 

LPG gas bottles

Africa’s oldest oil-rich dictatorship has a succession problem

By: Bloomberg     18th April 2024 Two South African engineers working in Equatorial Guinea’s offshore oil fields were preparing to return home in February 2023 when they were arrested for cocaine trafficking and thrown in jail, where they remain. Both men, their families and their employer have declared their innocence. They were... 

Equatorial Guinea President Teodoro Obiang Nguema Mbasogo
Photo by Bloomberg
Equatorial Guinea President Teodoro Obiang Nguema Mbasogo

PetroSA targets Mozambique gas in new sales deal

By: Reuters     17th April 2024 PetroSA expects the first flows of gas into the country from a deal with Mozambique's national energy company ENH later this year, officials said, amid efforts to shore up supplies ahead of a potentially crippling shortage. Handed a gas trading licence by regulators in March, state-owned oil and... 

PetroSA's Mossel Bay plant
Photo by Creamer Media
PetroSA's Mossel Bay plant

Namibia sees final investment decision on oil find by end 2024

By: Reuters     17th April 2024 Namibia will invest a big chunk of any revenue it gets from a potentially massive oil discovery into a sovereign wealth fund, and expects to learn if the find is commercially viable later this year. “We understand that the quantities are large but we still have to test the commercial viability of... 

Opec woos Namibia as African nation prepares to produce from 2030

By: Reuters     16th April 2024 The OPEC+ oil producers group, having lost Angola and other players in recent years, is eyeing Namibia for possible membership as it sets up what could be Africa’s fourth-largest output by the next decade, an African industry official and sources told Reuters. TotalEnergies and Shell in recent... 

A building with an Opec sign

Oil price eases but IEA says Middle East tensions heighten global supply risks

By: Terence Creamer     15th April 2024 Despite a forecast of slowing oil demand and a likely peak in consumption by the end of the decade, the International Energy Agency (IEA) warned on Monday of heightened global oil security risks in the near term, owing to growing tensions in the Middle East. In a newsletter released only days... 

Oil rig

South African fossil fuel subsidies hit record R118bn in 2023 - IISD 

By: Terence Creamer     10th April 2024 A new study has found that South Africa's fossil fuel subsidies tripled between 2018 and 2023, rising to R118-billion from R39-billion over the period, with subsidies having been increased largely in response to the surge in fuel prices following Russia’s invasion of Ukraine in 2022. Titled... 

South African fossil fuel subsidies hit record R118bn in 2023 - IISD

Sasol granted permission to use load-based limit to regulate SO2 emissions from Secunda boilers 

By: Terence Creamer     8th April 2024 Forestry, Fisheries and the Environment Minister Barbara Creecy has granted Sasol South Africa permission to employ a load-based limit to regulate the sulphur dioxide (SO2) of its Secunda boilers in a decision upholding the JSE-listed group’s appeal of an earlier National Air Quality Officer... 

Secunda complex
Photo by Creamer Media
Secunda complex

Role of gas in SA’s future energy mix under intense scrutiny

By: Darren Parker     5th April 2024 Given South Africa’s ongoing energy crisis, there remains much debate around whether gas should be included in the future energy mix and, if so, how much. Advocates argue that the fossil fuel is a necessity and a step up from coal – since it produces fewer carbon emissions when burned – but many... 

gas pipes leading to gas terminal
GAS CLIFF Until local gas resources come on stream, an impending gas shortage undermines South Africa’s near-term future dependence on it

88% of global fossil fuel, cement CO2 emissions linked to 117 producers

By: Darren Parker     4th April 2024 A new report, released on April 4 by InfluenceMap using the Carbon Majors database, shows that 88% of global carbon dioxide (CO2) emissions from fossil fuels and cement from 2016 through 2022 can be linked to 117 producers. In addition, most fossil fuel companies produced more fossil fuels in the... 

fossil fuel emissions

Senegal's new president announces oil, gas and mining sector audit

By: Reuters     4th April 2024 Senegal will conduct an audit of the oil, gas and mining sectors, newly elected President Bassirou Diomaye Faye told the nation in a televised speech on Wednesday, while also reassuring investors they were welcome in the country. Faye defeated the ruling coalition's candidate in a March election... 

Senegal's newly elected President Bassirou Diomaye Faye
Photo by Reuters
Senegal's newly elected President Bassirou Diomaye Faye

Mantashe names South African National Petroleum Company board, interim CEO 

By: Terence Creamer     3rd April 2024 The inaugural board of the South African National Petroleum Company (SANPC) has been announced by Mineral Resources and Energy Minister Gwede Mantashe, who also confirmed Godfrey Moagi as the State-owned company’s interim CEO. The board will be chaired by former PetroSA CEO Sipho Mkhize and is... 

Mineral Resources and Energy Minister Gwede Mantashe
Photo by Creamer Media Chief Photographer Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

Renergen’s helium plant integration nearly complete

By: Darren Parker     28th March 2024 Gas producer Renergen is approaching the final stages of its helium system integration, which will mark a significant step forward in its operations, making South Africa one of only eight countries to produce liquid helium. In a quarterly update issued on March 28, the company said the... 

Renergen's Virgina plant
Renergen's Virgina plant

Release of Gas Master Plan approved at Cabinet’s last official meeting ahead of May poll 

By: Terence Creamer     28th March 2024 Cabinet approved the publication of the long-awaited Gas Master Plan for public comment during what was the last formal meeting of the executive ahead of the May 29 election. However, Minister in The Presidency Khumbudzo Ntshavheni indicated that special Cabinet meetings could still be convened... 

Minister in The Presidency Khumbudzo Ntshavheni
Minister in The Presidency Khumbudzo Ntshavheni

Energy major gears up to roll out solar across retail sites as it marks South African centenary 

By: Terence Creamer     28th March 2024 Energy group bp Southern Africa (bpSA) has set the expansion of its service station network in South Africa as a key priority as it moves to mark its centenary in a country where it first began operating on May 9, 1924. Communications and external affairs head Hamlet Morule tells Engineering News... 

Four sites have been selected for a solar PV pilot project, after which solar PV will be rolled out to all bpSA-owned sites
Four sites have been selected for a solar PV pilot project, after which solar PV will be rolled out to all bpSA-owned sites

Enviro groups approach High Court over TotalEnergies Cape coast drilling plans

By: Marleny Arnoldi     26th March 2024 Environmental organisations The Green Connection (TGC) and Natural Justice have submitted an application in the High Court against the environmental authorisation granted to TotalEnergies Exploration and Production South Africa (Teepsa) for exploratory drilling in Blocks 5, 6 and 7 on the Cape... 

Oil and gas rig

Kinetiko’s deepest core hole to date reveals promising results

By: Darren Parker     26th March 2024 ASX-listed Kinetiko Energy, which is conducting onshore gas exploration in Mpumalanga, South Africa, has completed its deepest core hole to date. “Following our previous announcement indicating further exploration success in Block ER270 . . . 270-08C reached a terminal depth (TD) of 745 m when we... 

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