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Oil & Gas News
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2024 Africa's mid- and downstream oil products supply infrastructure is ageing and suffers from a lack of investment, outdated policy frameworks and insufficiencies in regional, national and urban energy planning when compared with other regions across the world.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... →
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... →
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... →
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... →
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... →
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... →
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... →
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... →
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... →
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... →
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... →
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... →
Local gas supplies not likely to come on stream in time for South Africa to avoid a 'gas cliff'
By: Darren Parker 13th March 2024 Although gas is widely regarded as a necessary part of South Africa’s future energy mix, Presidential Climate Commission (PCC) head of mitigation Steve Nicholls is not convinced that a reliable source of local gas supply will be brought to bear in time for the approaching “gas cliff”. The country... →
Energy industry’s methane emissions near record despite pledges
By: Bloomberg 13th March 2024 Global methane emissions from fossil fuels held near a record high last year, the International Energy Agency (IEA) said in its annual 'Methane Tracker' report, renewing concerns that governments and industry aren’t doing enough to stem releases of the devastating greenhouse gas. While the... →
Mozambique lays down legislation to govern revenue from natural-gas exports
By: Bloomberg 13th March 2024 Mozambique’s council of ministers approved a decree for the nation’s new sovereign wealth fund legislation, governing how one of the world’s poorest nations spends earnings from an estimated $91.7-billion in natural-gas exports in the coming decades. Introducing the law was a key part of an... →
TotalEnergies acquires an interest in Orange Basin offshore exploration licence
By: Schalk Burger 6th March 2024 Energy company TotalEnergies has acquired, with its partner State-owned QatarEnergy, participating interests in Block 3B/4B offshore of South Africa from Africa Oil South Africa, Azinam and Ricocure. Block 3B/4B is adjacent to the Deep Water Orange Basin licence operated by TotalEnergies, in... →
Sasol launches its new forecourt station design
By: Tasneem Bulbulia 4th March 2024 The Sasol Energy Business recently launched its new forecourt design, referred to as Mark – V design, to industry. The new retail forecourt and convenience store design, launched in Secunda, Mpumalanga, is said to reflect the future of Sasol forecourt build and design. →
Mavuso urges public-private collaboration to mitigate looming natural gas cliff
By: Marleny Arnoldi 4th March 2024 Once again policy inaction and government’s inability to commit to large-scale investment will lead to a new blow to energy availability in the economy, with the looming natural gas cliff from mid-2026. Business Leadership South Africa CEO Busi Mavuso says in her latest weekly newsletter that... →
Sasol to fund TFR’s maintenance of 128 ammonia tankers
By: Terence Creamer 28th February 2024 JSE-listed Sasol has signed a five-year public-private partnership (PPP) agreement with Transnet Freight Rail (TFR), under which the energy and chemicals group will fund the maintenance and repair of a dedicated fleet of 128 ammonia tankers that service Sasol’s Secunda and Sasolburg facilities.... →
Decisions, collaboration in next few months are crucial to bridge 2026 gas cliff, IGUA-SA warns
By: Marleny Arnoldi 27th February 2024 Large industrial gas users are starting to prepare for what will likely be South Africa’s next big energy crisis, the imminent shortage of natural gas. Petrochemicals manufacturer Sasol, as the monopoly supplier of large-scale natural gas, in August last year announced that South Africa was... →
Sasol prioritising coal de-stoning investment as it seeks to allay fears over big Secunda output dip
By: Terence Creamer 26th February 2024 Energy and chemicals group Sasol has moved to address investor concerns that its yearly production at Secunda will need to fall to only 6.7-million tons for it to meet its goal of reducing the carbon-heavy Mpumalanga complex’s greenhouse gas emissions by 30% by 2030. Delivering his final results... →
OATC celebrates tenth anniversary, highlights importance of offshore safety
By: Sabrina Jardim 23rd February 2024 The Offshore Africa Training Centre (OATC), in Cape Town, in the Western Cape, celebrated its tenth anniversary on February 22 and introduced a new survival training course. As South Africa moves along in its journey towards energy security, OATC says the need for the safe and responsible... →
Europe, Africa oil markets tighten, lending support to futures
By: Reuters 23rd February 2024 Red Sea shipping delays and Opec+ supply cuts are tightening physical oil markets in Europe and Africa as well as the Brent crude market structure, lending further support to oil futures prices, according to traders, LSEG data and analysts. A sustained rise in crude prices would lift energy,... →
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