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Oil & Gas News

Transaction adviser to validate strategy for Port of Durban’s liquid-bulk hub

By: Creamer Media Reporter 11th November 2024 South Africa’s Transnet National Ports Authority (TNPA) has appointed Zutari as the transaction adviser at the Island View precinct, the Port of Durban’s fuels and chemicals hub through which about 74% of South Africa's liquid bulk imports are managed. Zutari will validate TNPA’s ‘Island View... →

Sasol not in ‘sunset’ phase but transition plans cannot outpace market demand – Baloyi

By: Terence Creamer 5th November 2024 Sasol CEO Simon Baloyi has acknowledged that the group stands at the “threshold” of a potentially difficult energy transition but he has also disputed assertions that the carbon-heavy chemicals and fuel producer has now entered an inevitable “sunset” phase. Speaking at an environmental, social... →

Sasol CEO Simon Baloyi

South Africa will champion African energy priorities at G20 next year – Ramokgopa

By: Rebecca Campbell 5th November 2024 South Africa will use its position as Chair of the G20 (the group of 19 major global economies plus the African Union and the European Union) next year to champion Africa’s energy priorities on the global stage. So assured Electricity and Energy Minister Kgosientsho Ramokgopa in his keynote... →

Electricity and Energy Minister Kgosientsho Ramokgopa

South African oil group seeks to amend new law to woo investors

By: Bloomberg 4th November 2024 Some oil explorers are “not satisfied” with South Africa’s long-awaited rules for the industry that were signed into law last month by President Cyril Ramaphosa, according to a lobby group. The Upstream Petroleum Resources Development Act published on Oct. 29 includes regulations for the... →

Petroleum Products Bill released for public comment

By: Creamer Media Reporter 24th October 2024 The Department of Mineral Resources and Energy (DMRE) has published the draft Petroleum Products Bill for a 60-day public comment period, which was launched on October 21. The DMRE says the Bill, which seeks to repeal and replace the Petroleum Products Act of 1977, aims to expand and streamline... →

South Africa is still tapping oil stockpile to fund fuel subsidy

By: Bloomberg 22nd October 2024 South Africa is still selling oil from strategic stockpiles to fund measures introduced two years ago to cushion consumers from a spike in road fuel prices. The Strategic Fuel Fund Association paid the National Treasury R2-billion in proceeds from the sale of oil inventories for the financial... →

Sasol's performance lags in Q1 owing to chemical market, coal quality issues

By: Marleny Arnoldi 22nd October 2024 JSE-listed petrochemicals group Sasol has reported a mixed production and sales performance for the three months ended September 30, with the company having been impacted on by the stronger rand, oil price volatility and lower refining margins. The group says chemical markets remain... →

German energy expert says energy transition a mistake

By: Darren Parker 18th October 2024 The energy transition in its current form, as a grid-scale build out of wind and solar with the goal to replace oil, coal, and gas, is probably one of the greatest mistakes that humanity has ever made, German-listed commodity company HMS Bergbau Group shareholder Dr Lars Schernikau said at... →

komati power station with solar panels in front

Bill aims to bolster SA oil, gas investment

By: Lynne Davies 18th October 2024 With investor confidence in the upstream oil and gas sector currently being low, pan-African law firm Bowmans states that there is a need for the Upstream Petroleum Resources Development Bill (UPRDB), which following its parliamentary approval, has been sent to President Cyril Ramaphosa for... →

The above image depicts Bowmans partner Dirk Wessels

DIRK WESSELS Oil and gas resources will still be needed for many years to come to ensure a sustainable future while considering South Africa’s immediate energy needs

Firm concerned about Petroleum Resources Bill

By: Lynne Davies 18th October 2024 As the global upstream sector continues to grow, law firm Webber Wentzel says there has been “negative sentiment” about the recently approved Upstream Petroleum Resources Development Bill (UPRDB). Webber Wentzel partner Jonathan Veeran contextualises the introduction of the UPRDB – which has... →

The above image depicts Webber Wentzel partner Jonathan Veeran

JONATHAN VEERAN Oil and gas is regulated in the same way that mining is regulated, unlike most countries which means that the regulations are not fit for purpose

Mmete Fusi appointed acting group CEO of PetroSA

By: Tasneem Bulbulia 17th October 2024 The Petroleum Oil and Gas Corporation of South Africa (PetroSA) has appointed Mmete Fusi as acting group CEO, effective immediately. The entity highlights that Fusi has vast leadership experience and knowledge of the continent’s minerals resources, oil and gas, ports and railway infrastructure. →

Africa Oil Week 2025 to be held in Ghana

By: Rebecca Campbell 9th October 2024 Africa Oil Week (AOW), which is currently marking its thirtieth anniversary at AOW 2024, which is in progress at the Cape Town International Convention Centre, has confirmed that AOW 2025 will be held in Accra, Ghana. Now owned by Sankofa Events, AOW described this move as a “strategic shift”... →

African petroleum body head reaffirms importance of the sector to African development

By: Rebecca Campbell 8th October 2024 Africa cannot develop without oil and gas. So African Petroleum Producers Organisation (APPO) secretary-general Dr Omar Farouk Ibrahim unequivocally proclaimed on Tuesday, in his address at the Africa Oil Week (AOW) 2024 conference, being held at the Cape Town International Convention Centre.... →

US sees oil and gas as essential to global energy but sector must cut greenhouse emissions

By: Rebecca Campbell 8th October 2024 The US recognised the vital role that oil and gas played in the global energy matrix, assured US Deputy Assistant Secretary of Energy Joshua Volz. He was addressing the Africa Oil Week 2024 conference in Cape Town, on Tuesday. He noted that oil and gas provided 80% of the world’s energy. The US... →

Mineral and Petroleum Resources Minister Mantashe reaffirms support for oil and gas

By: Rebecca Campbell 8th October 2024 Ensuring the security of the country’s energy supplies and addressing energy poverty were objectives of the South African government, Mineral and Petroleum Resources Minister Gwede Mantashe told delegates at the Africa Oil Week 2024 conference, at the Cape Town International Convention Centre, on... →

Mineral and Petroleum Resources Minister Gwede Mantashe

Opinion: Non-profit gas aggregation imperative for South Africa

8th October 2024 In this opinion article, Industrial Gas Users’ Association of Southern Africa CEO Jaco Human makes the case for pursuing gas aggregation on a non-profit basis, while also urging Eskom and Sasol to collaborate with industry in crafting a solution that is in the national interest. →

Industrial Gas Users’ Association of Southern Africa CEO Jaco Human

South African electricity sector’s migration to multimarket structure under way

By: Schalk Burger 4th October 2024 South Africa's energy market was liberalising and evolving, with State efforts to establish a stable and effective framework and moving at pace on energy transition matters, along with private-sector readiness, prompting the market to anticipate accelerated implementation. Demand aggregation,... →

Depleting gas reserves threaten future gas security

4th October 2024 Future security of supply is of major concern to pipeline operator Republic of Mozambique Pipeline Investments Company’s (Rompco’s) as gas supply from the Pande and Temane gasfields, operated by energy company Sasol in Mozambique, is expected to decline from 2026. The Pande and Temane gasfields... →

An image of a wellhead at Sasol's Temane operations in Mozambique

SUPPLY UNCERTAINTY There are no viable alternatives gas sources at present as gas discoveries in Mozambique are in early stages of development

Pace of energy transition cause for concern

By: Nadine Ramdass 4th October 2024 Despite consensus among South African businesses, including integrated energy and chemical company Sasol, on the necessity of achieving net-zero emissions by 2050, the debate regarding the pace of this transition continues. Speaking at the 2024 Coal and Energy Transition Day, held in July at The... →

An image of Sasol's operations in Sasolburg

FLEXIBLE FACILITIES Sasol’s feedstock-agnostic facility, in Sasolburg, can use alternative materials, as opposed to coal, to produce hydrogen

R273m govt-funded Orion tank farm in Gqeberha unveiled

By: Darren Parker 3rd October 2024 The Orion Engineered Carbons (OEC) tank farm project, in Zone 7 of the Coega Special Economic Zone (CSEZ) in Gqeberha, in the Eastern Cape, has officially been unveiled. Trade, Industry and Competition chief director of infrastructure Justice Ngwenya, who addressed the official launch, said the... →

Don’t conflate Eskom-Sasol bilateral on LNG with ‘national strategy’ needed to avert gas cliff – IGUA-SA

By: Terence Creamer 25th September 2024 The Industrial Gas Users Association of Southern Africa (IGUA-SA) has welcomed the attention that South Africa’s impending “gas cliff” is finally enjoying from government through Electricity and Energy Minister Dr Kgosientsho Ramokgopa. The body is cautioning, however, against conflating the... →

Industrial Gas Users Association of Southern Africa executive officer Jaco Human

Eskom and Sasol explore demand anchors for LNG

23rd September 2024 Engineering News editor Terence Creamer discusses Eskom and Sasol’s collaboration on the potential to introduce liquified natural gas to replace natural gas imports from southern Mozambique, which are currently set to decline sharply from 2027. →

Eskom and Sasol explore demand anchors for LNG

Mantashe hails competition approval of CEF’s Sapref acquisition

By: Tasneem Bulbulia 20th September 2024 Mineral Resources and Energy Minister Gwede Mantashe has welcomed the Competition Commission’s approval of the Central Energy Fund’s (CEF's) application to acquire the South African Petroleum Refineries (Sapref) refinery. This approval follows the completion of the sale purchase agreement between... →

Sapref refinery

Sasol and Eskom to explore demand anchors for LNG as part of effort to avert ‘gas cliff’

By: Terence Creamer 20th September 2024 Eskom and Sasol have signed a memorandum of understanding (MoU) to jointly explore the potential to introduce liquified natural gas (LNG) to replace natural gas imports from southern Mozambique, which are currently set to decline sharply from 2027. The MoU was signed by Eskom CEO Dan Marokane and... →

Sasol CEO Simon Baloyi presents a slide on the gas cliff during a briefing at Megawatt Park, while Eskom CEO Dan Marokane and Electricity and Energy Minister Dr Kgosientsho Ramokgopa (seated at far right) listen.

Renergen plant resumes LNG production after completing scheduled maintenance

By: Schalk Burger 20th September 2024 Liquefied natural gas (LNG) and helium company Renergen says its LNG Virginia plant, in the Free State, has resumed LNG production after yearly maintenance of the entire plant and the notified State-owned Eskom maintenance was completed. The helium module is being started and will be brought... →

New State-owned petroleum company granted permission to begin operating

By: Terence Creamer 18th September 2024 A new State-owned enterprise arising from a merger of three Central Energy Fund (CEF) subsidiaries – iGas, the Strategic Fuel Fund (SFF) and those divisions of PetroSA currently considered financially viable – has been granted approval to start operating and it will begin trading on April 1,... →

South African National Petroleum Company CEO Godfrey Moagi

Sasol appoints Dube as new chair as sustainability pressures rise

By: Terence Creamer 16th September 2024 JSE-listed chemicals and energy group Sasol has appointed Muriel Dube, a former government climate negotiator, as its new chairperson following the resignation of Sipho Nkosi from the position in November last year. Dube, who was appointed as an independent nonexecutive director in 2018, holds an... →

New Sasol chairperson Muriel Dube

Transnet, Petredec sign agreement to enhance bulk LPG distribution in South Africa

By: Creamer Media Reporter 4th September 2024 State-owned logistics infrastructure company Transnet and liquefied petroleum gas (LPG) value chain company Petredec have entered into an agreement to implement a groundbreaking rail freight solution to improve LPG distribution in South Africa. The agreement will result in Petredec introducing... →

Petredec CEO Jonathan Fancher and Transnet Group CE Michelle Phillips

Sasol confirms refinements being made to emissions reduction pathway

By: Terence Creamer 3rd September 2024 Energy and chemicals group Sasol has reiterated that its target to reduce its greenhouse-gas (GHG) emissions by 30% by 2030 remains in place, but has also confirmed that it is refining its “pathways” towards meeting that goal. In a note to shareholders, the JSE-listed group indicated that these... →

Sasol CEO Simon Baloyi

South Africa is losing its trade competitiveness edge

By: Schalk Burger 2nd September 2024 Enormous investments are being made in ports, rail and transport logistics in Southern Africa, as well as more broadly in Africa, including by international companies and consortia. "Global companies that are investing in infrastructure across the continent. This is happening because of the... →

Pipeline enhancement to facilitate LNG distribution

By: Nadine Ramdass 30th August 2024 Johannesburg gas supplier Egoli Gas aims to develop the capacity to receive liquefied natural gas (LNG) into its pipeline network, with plans to expand access to other major metropolitan areas (metros), positioning Egoli Gas at the forefront of natural gas distribution in South Africa, says... →

MNCEDISI MLILO Egoli Gas aims to position itself as a bridge fuel provider

Gas-to-industry project launched in Cameroon

30th August 2024 Independent oil and gas company Perenco Cameroon launched Perenco Group's first gas-to-industry supply project in Central Africa, in July this year. The project involves the delivery of gas from the Bipaga Gas Processing Centre, located in Cameroon and operated by Perenco Cameroon, to the ceramic... →

An image of Perenco's Bipaga Gas Processing Centre in Cameroon

Photo by Perenco Cameroon Anthony de Faria
ACROSS DISTANCES The Bipaga Gas Processing Centre will supply gas to Keda Ceramics’ manufacturing plant through a 6-km pipeline

Legislative support needed to boost industry

30th August 2024 Within the last few months, the South African oil and gas industry has encountered both positive and negative impacts, however, inadequate legislative support presents a major hurdle, says energy advocacy group African Energy Chamber executive chairperson NJ Ayuk. Ayuk highlights multinational... →

President transfers legislation as part of steps to split mineral resources, energy portfolios

By: Creamer Media Reporter 28th August 2024 President Cyril Ramaphosa has transferred legislation previously administered by the Mineral Resources and Energy Minister to Mineral and Petroleum Resources Minister Gwede Mantashe and Electricity and Energy Minister Dr Kgosientsho Ramokgopa respectively. This follows the announcement earlier... →

President Cyril Ramaphosa

Namibia aims to finalise sovereign wealth fund in 2025

By: Reuters 28th August 2024 Namibia's government plans to complete the establishment of its sovereign wealth fund in 2025, when it also expects its first offshore oil project to be approved, the southern African country's finance minister told Reuters on Tuesday. Namibia, which has yet to produce any oil or gas, has become... →

Eskom committed to sustainable future

By: Nadine Ramdass 23rd August 2024 State-owned electricity utility Eskom is focusing on reducing coal intensity and expanding renewable energy as part of its commitment to a sustainable future. This shift in strategy prioritises maintaining plant health over simply "keeping the lights on at all costs" - a practice that has proven... →

An image of an Eskom substation and cooling towers

LONG-TERM CONSIDERATIONS Eskom is prioritising maintaining plant health over simply 'keeping the lights on at all costs'

Sasol extends gas supply plateau to June 2027 but only as ‘bridge’ to LNG imports

By: Terence Creamer 20th August 2024 Energy and chemicals group Sasol has confirmed a yearlong extension, to June 2027, in its gas supply from southern Mozambique to South African industrial customers, which have been warning of a potential gas supply cliff as from next year. However, the JSE-listed group has again reiterated its... →

Sasol CEO Simon Baloyi

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