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Oil & Gas News

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

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

'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... →

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... →

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,... →

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... →

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... →

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... →

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... →

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... →

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... →

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... →

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... →

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 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... →

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... →

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... →

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

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

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

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... →

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... →

Mixed generation necessary for ‘seamless’ energy transition

By: Trent Roebeck 22nd March 2024 The energy transition – in South Africa, Africa, and globally – entails an appropriate mix of energy generation sources, including gas, hydrogen power and renewables, in order to achieve the goals of energy security, decarbonisation and emission reduction, says energy technology company GE... →

An image of GE Vernova’s Sub-Saharan Africa gas power service MD Kenneth Oyakhire.

KENNETH OYAKHIRE During this energy transition, efforts ought to include hydrogen as an energy source, incorporate carbon capture and sequestration solutions, enable the digitising and orchestrating the grid and the adoption of more fuel-efficient fleets

Renergen, Airsol deal now complete

By: Simone Liedtke 20th March 2024 Gas producer Renergen has completed all the required steps for Airsol, a company fully owned by SOL S, to invest in special bonds called convertible debentures. These bonds can be turned into Renergen shares once the gas producer starts selling its shares to the public on the Nasdaq stock market.... →

Energy investor Reatile gears up for LNG importation as gas shortage looms

By: Marleny Arnoldi 15th March 2024 In light of the looming natural gas supply constraints from mid-2026, investment company Reatile Group is actively engaging Sasol on mitigating the gap between 2026 and the eventual arrival of liquid natural gas (LNG) from Reatile’s indirectly-owned import facility. Reatile, through a 30% stake... →

New sustainable aviation fuels venture established by Sasol and Topsoe

By: Creamer Media Reporter 15th March 2024 A new venture focusing on the development and delivery of sustainable aviation fuels has been officially launched jointly by Sasol and Topsoe. Known as Zaffra and headquartered in Amsterdam, in The Netherlands, the joint venture will combine Sasol’s experience in synfuels plant construction and... →

Zaffra CEO Jan Toschka

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