Energy | Oil & Gas

https://staging1.creamermedia.com/

Advertise on this page? Click Here to Learn More

Oil & Gas News

WEG Africa builds substation E-house facility for Sasol's Upstream PSA project in Moz

By: Schalk Burger 20th August 2024 Electrical equipment manufacturer WEG Africa has completed a large substation E-house solution, which includes distribution transformers and a diesel generator set, for energy and chemicals company Sasol’s Upstream production sharing agreement (PSA) project, in Mozambique. The E-house solution... →

Renergen says 'relevant' authorities have found no corporate governance wrongdoing

By: Darren Parker 15th August 2024 ASX- and JSE-listed Renergen says it has been cleared of any wrongdoing following an investigation into allegations levelled at the company over the past few months regarding potential irregularities in its business practices and South African corporate governance. “The relevant South African... →

Renergen CEO Stefano Marani

Impairments to push Sasol into a net loss

By: Darren Parker 12th August 2024 JSE-listed energy company Sasol has reported that its financial results for the year ended June 30 were negatively impacted on by challenging market conditions, including continued pressure from depressed chemicals prices and constrained margins. Despite these challenges, the company noted on... →

Stronger rand contributes to lower fuel price for August

By: Marleny Arnoldi 5th August 2024 The Department of Mineral Resources and Energy, which is being separated into the Department of Electricity and Energy and the Department of Mineral and Petroleum Resources, has announced decreases in fuel prices for August. Petrol 93 and 95 will both decrease by 15c/ℓ, respectively, while... →

TotalEnergies exits Brulpadda and Luiperd gas finds, describing them as ‘too challenging’ to develop

By: Terence Creamer 29th July 2024 TotalEnergies has formally announced its withdrawal from the Brulpadda and Luiperd exploration blocks off the southern coast of South Africa, where TotalEnergies EP South Africa holds a 45% interest. TotalEnergies entered into Block 11B/12B in 2013 and made two gas discoveries, named Brulpadda... →

Business interruption, energy crisis, climate change top oil and gas industry concerns

By: Schalk Burger 16th July 2024 Business interruption was named the top risk in the oil and gas sector by 45% of respondents to a survey conducted by insurance and risk company Allianz Risk Barometer. This was followed by the energy crisis at 34%, climate change risks at 32%, fire and explosions at 26% and natural catastrophes... →

Shell wants permission to drill off South Africa's west coast

By: Reuters 9th July 2024 Shell is seeking government permission authorities to drill up to five offshore wells off the west coast of South Africa, a draft scoping report from environmental consultancy SLR showed on Tuesday. Shell Offshore Upstream South Africa and its joint venture partners need environmental... →

Separation of energy portfolio welcomed

By: Creamer Media Reporter 5th July 2024 Engineering News editor Terence Creamer discusses President Cyril Ramaphosa's decision to separate the energy portfolio from that of mineral and petroleum resources; what the priorities are for the new leadership of the energy portfolio; and the potential risks facing the new Ministry. →

Separation of energy portfolio welcomed

TotalEnergies plans to exit South African offshore gas finds

By: Bloomberg 2nd July 2024 TotalEnergies plans to exit its discoveries of gas-condensate off the tip of South Africa to prioritize exploration in other areas closer to Namibia, according to people familiar with the matter. The French giant braved one of the fastest ocean currents in the world to drill off South Africa’s... →

UN calls for Potgieter, Huxham’s immediate release from Equatorial Guinea prison

By: Darren Parker 2nd July 2024 The UN Working Group on Arbitrary Detention has called for the immediate release of South African engineers Frederik Potgieter and Peter Huxham, declaring in a formal opinion that the detention of the two men in Equatorial Guinea is arbitrary and illegal. The UN decision is a material finding... →

Frederik Potgieter and Peter Huxham

Separation of energy portfolio and Ramokgopa’s appointment praised amid rising energy-transition complexity

By: Terence Creamer 1st July 2024 The decision to establish a separate energy portfolio with the African National Congress’s Dr Kgosientsho Ramokgopa as Minister and the Democratic Alliance’s Samantha Graham as Deputy Minister has been welcomed by stakeholders and commentators alike. There are already warnings, however, that the... →

Dr Kgosientsho Ramokgopa speaking during an Eskom power station visit while still Electricity Minister

Event to highlight key African projects

28th June 2024 The upcoming African Energy Week (AEW): Invest in African Energy 2024 conference will focus on critical industry issues and investment opportunities in Africa's energy sector, including discussion on key energy projects and Africa’s burgeoning green hydrogen industry. The conference will be held... →

An image of the 2023 African Energy Week central stage

TOWN HALL MEETING The Town Hall central stage at the upcoming African Energy Week conference will unite key stakeholders to address challenges and opportunities in Africa's energy sector

Wärtsilä renews partnership in Morocco for maintenance of two power plants

By: Schalk Burger 25th June 2024 Industrial technology company Wärtsilä has signed a five-year maintenance agreement covering 169.5 MW of power generation for two Moroccan power plants owned and operated by Moroccan utility Office National de l’Electricité et de l’Eau potable (ONEE). This agreement is a renewal of a previous... →

Transnet to appeal order to pay billions in damages following long-running Natref dispute

By: Terence Creamer 20th June 2024 The High Court has found in favour of Sasol Oil and TotalEnergies in relation to a long-running dispute with Transnet over pipeline tariffs from Durban to the Natref refinery and has awarded damages and interest to the two oil companies amounting to more than R8-billion. Transnet expressed... →

G7 leaders commit to faster transition from fossil fuels - draft statement

By: Reuters 14th June 2024 Leaders of the Group of Seven (G7) developed democracies will commit to accelerating their transition away from fossil fuels during this decade, according to a draft of a statement to be issued at the end of their ongoing summit in Italy. "We will transition away from fossil fuels in energy... →

Opinion: Beware, but do not fear!

14th June 2024 In this article, Webber Wentzel senior associate Francois Sieberhagen writes about the implications of the Supreme Court of Appeal's (SCA's) judgment in the case of Minister of Mineral Resources and Energy & Three Others vs Sustaining the Wild Coast NPC and Eight Others. →

Webber Wentzel senior associate Francois Sieberhagen

Kinetiko secures A$4.9m

By: Tasneem Bulbulia 12th June 2024 ASX-listed Kinetiko Energy’s renounceable pro-rata entitlement offer to eligible shareholders, announced in May, closed on June 11 and raised about A$4.9-million (before costs), with strong support from major shareholders and directors. The company is developing an energy transition solution for... →

Green Connection petitions court to ‘force’ Nersa, DMRE to supply Karpowership information

By: Darren Parker 5th June 2024 Environmental activist nonprofit organisation the Green Connection has taken the National Energy Regulator of South Africa (Nersa) and the Department of Mineral Resources and Energy (DMRE) to court in an effort to “force” them to supply key information regarding the Karpowership deals.... →

Wild Coast communities mull appeal of SCA gas exploration right ruling

By: Terence Creamer 3rd June 2024 While dismissing an appeal of a High Court judgment setting aside a right granted to Shell to explore for oil and gas off South Africa’s Wild Coast, the Supreme Court of Appeal (SCA) has suspended the same court’s decision to set aside a renewal of the right until a third and final renewal... →

OPEC+ extends deep oil production cuts into 2025

By: Reuters 3rd June 2024 OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival US production. Brent crude oil prices have been trading near $80/bl in recent days, below what many OPEC+... →

Commission grants approval for England-based Prax to acquire Natref

By: Marleny Arnoldi 30th May 2024 The Competition Commission has conditionally approved a proposed transaction between Prax South Africa and the National Petroleum Refiners of South Africa (Natref), whereby the former intends to acquire the latter. Prax is ultimately controlled by a firm incorporated in England called State Oil... →

Photo by Creamer Media
Natref refinery

Oil and gas industry body shines spotlight on Angolan market

By: Rebecca Campbell 28th May 2024 The African Energy Chamber (AEC) has highlighted the opportunities provided by Angola’s oil and gas industry. The Chamber points out that oil and gas forms the lynchpin of the Angolan economy and that, since 2017, it has been subject to “aggressive reform”. Since 2019, the country has been... →

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... →

Sapref refinery

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... →

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

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.... →

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... →

About

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

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

Newsletters

Sign up for our FREE daily email newsletter

Receive daily sector news alerts

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