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Oil & Gas News

Pipeline progress enhances Southern Africa’s energy market, capacity

By: Simone Liedtke 16th February 2024 Gas is a key enabler for economic growth and social development in the Southern Africa region, and a cleaner alternative to fossil fuels, says joint venture (JV) Republic of Mozambique Pipeline Investments Company (Rompco) CEO Mlandzeni Boyce, who underscores the importance of gas as a... →

TotalEnergies CEO says IMF debt rules hobbling African green energy projects

By: Reuters 15th February 2024 Renewable energy investments in Africa are being hobbled by insufficient government loan guarantees, as the International Monetary Fund keeps a tight leash on country indebtedness, TotalEnergies CEO Patrick Pouyanne said Wednesday. Pouyanne said currently electricity projects in Africa suffer... →

Photo by Reuters
TotalEnergies CEO Patrick Pouyanne

Africa’s biggest oil and gas finds are doing little for economies at home

By: Bloomberg 12th February 2024 The last thing Senegal needed in its long-drawn-out effort to capitalize on large oil and gas finds off its coast was political turmoil. Africa’s newest natural gas superstar had bubbled with optimism when BP, Woodside Energy Group and Kosmos Energy agreed to develop the fields off the shores of... →

Sasol warns of lacklustre interim results amid volatile macroeconomic environment

By: Darren Parker 9th February 2024 Energy and chemicals company Sasol has attributed its “underwhelming” upcoming financial results for the six months ended December 31, 2023, to continued volatility in the macroeconomic environment, with weaker oil and petrochemical prices, unstable product demand and ongoing inflationary cost... →

Supplier outlines corrosion challenges for long-lead items

By: Lynne Davies 9th February 2024 Oil and gas facility owners and operators face numerous challenges regarding effective corrosion protection that can directly impact on their operating a profitable, safe and compliant facility, says corrosion technologies developer Cortec. Oil and gas facilities are inherently complex operations... →

The above image depicts an item that has been surrounded in a preservation material to prevent corrosion

IN GOOD ORDER Goods receipt, which is often overlooked because of speed and cost considerations, has become a critical factor in the detection of corrosion or mechanical damage in the transported equipment

Families call for increased efforts to release two SA engineers arrested in Equatorial Guinea a year ago

By: Tasneem Bulbulia 6th February 2024 February 9 will mark one year since two South African engineers, Frederik Potgieter (54) and Peter Huxham (55) - the latter a dual South African/UK citizen - were detained in Equatorial Guinea on drug charges, and the families are calling for the South African government to do more to help... →

Mahlako Gas Energy invests in Tetra4 after it secures onshore petroleum licence

By: Schalk Burger 6th February 2024 Gas asset investment company Mahlako Gas Energy (MGE) has concluded its investment in Tetra4, which holds South Africa’s first onshore petroleum production licence. MGE, which now holds a 5.5% stake in Tetra4, is in a strategic partnership with gas producer Renergen to further diversify South... →

Petrol, diesel prices to go up by more than 70c/ℓ on Wednesday

By: Darren Parker 6th February 2024 Both 93 and 95 unleaded petrol (ULP) and lead replacement petrol (LRP) are going to cost an additional 75c/ℓ from February 7. The cost of diesel is also going to increase. For 0.05% sulphur diesel, consumers can expect to pay an additional 73c/ℓ at the pumps and for 0.005% sulphur diesel an extra... →

Europe, Africa crude market tightens on Red Sea disruptions, China demand

By: Reuters 22nd January 2024 The Brent crude market structure and some physical markets in Europe and Africa are reflecting tighter supply resulting partly from concern about shipping delays due to vessels avoiding the Red Sea, according to traders, LSEG data and analysts. The disruptions have combined with other factors... →

A container ship passing an oil platform near the Suez Canal

Revived gas bill has scant chance of making it through Parliament

By: News24Wire 22nd January 2024 Minister of Mineral Resources and Energy Gwede Mantashe re-published the Gas Amendment Bill on Friday for public comment despite the scant hope that it will be processed before Parliament dissolves at the end of March. The bill, which will regulate the gas industry's development and make... →

Minister of Mineral Resources and Energy Gwede Mantashe

Sapia appoints Seelan Naidoo as new chairperson

By: Schalk Burger 17th January 2024 Petroleum industry organisation the South Petroleum Industry Association (Sapia) has appointed Seelan Naidoo to succeed outgoing chairperson Hloniphizwe Mtolo as chairperson. Naidoo, who will serve as chairperson until December 2025, is MD and CEO of fuel company Engen Petroleum, which has... →

Sapia chairperson Seelan Naidoo

Shell to exit Nigeria's onshore oil after nearly a century

By: Reuters 16th January 2024 British energy major Shell has agreed to sell its Nigerian onshore oil and gas subsidiary in Nigeria to a consortium of five mostly local companies for up to $2.4-billion, after nearly a century of operations there. Active in the West African country since the 1930s, Shell has struggled for years... →

Nigeria's Dangote refinery starts production after years of delays

By: Reuters 15th January 2024 Nigeria's Dangote oil refinery has begun producing diesel and aviation fuel, the company said on Saturday, after years of construction delays at the 650 000 bl/d plant. The refinery, Africa's largest, was built on a peninsula on the outskirts of the commercial capital Lagos at a cost of $20... →

Preferred bidder selected to build and operate Richards Bay LNG terminal

By: Terence Creamer 10th January 2024 South Africa’s State-owned Transnet National Ports Authority (TNPA) has announced that it has selected a public-private consortium as the preferred bidder to develop and operate a liquefied natural gas (LNG) terminal at the Port of Richards Bay’s South Dunes precinct. The Vopak & TPL Consortium... →

The Port of Richards Bay, which is currently a coal export hub, has been earmarked for gas infrastructure

OPITO-approved survival courses launched locally, 10-year anniversary celebrated

By: Donna Slater 19th December 2023 The Offshore Africa Training Centre (OATC) will celebrate its ten year anniversary in 2024, commemorating the occasion with the launch of its energy industry not-for-profit organisation OPITO-approved survival courses on February 22, 2024. As South Africa aims to enhance its energy security... →

Egoli Gas increases conversion rebates for terminated clients

By: Donna Slater 18th December 2023 Johannesburg gas supplier Egoli Gas has increased conversion rebates applicable to clients in the Kensington and surrounding areas affected by its decision to permanently terminate its services to the region. These include a rebate of R8 000, increased from R3 000, to customers, following... →

DMRE extends public commentary for draft SANPC Bill

By: Donna Slater 18th December 2023 The Department of Mineral Resources and Energy (DMRE) has extended the timeframe for submissions of public comments on the draft South African National Petroleum Company (SANPC) Bill, published in government gazette number 49711, of November 13, to January 15, 2024. The Bill, according to the... →

The proposed South African National Petroleum Company is set to have a sole shareholder – The Department of Mineral Resources and Energy Minister Gwede Mantashe

Photo by Creamer Media
The proposed South African National Petroleum Company is set to have a sole shareholder – The Department of Mineral Resources and Energy Minister Gwede Mantashe

Tower Resources contracts drill rig for 2024 well development

By: Donna Slater 18th December 2023 Aim-listed oil and gas company Tower Resources has executed a contract with Borr Drilling for the hire of the Norve jack-up rig, one of Borr's fleet of high-specification drilling units, to drill the NJOM-3 well on Tower's Thali license, in Cameroon, in 2024. Focused on Africa, Tower Resources... →

Oil rises on Red Sea jitters, Russian export cut

By: Reuters 18th December 2023 Oil rose on December 18 as attacks by the Houthis on ships in the Red Sea raised concerns of oil supply disruptions and Russia's plan to lower exports in December provided additional support. Shipping firms, including the world's biggest container shipping line MSC and A.P. Moller-Maersk, said... →

EnerGeo says seismic surveying does not irreparably damage marine life

By: Marleny Arnoldi 13th December 2023 Geoscience and energy exploration industry body EnerGeo Alliance has said there is no evidence to suggest that seismic surveys are irreparably damaging to marine life. Rather, it argued, seismic survey vessels often contribute to efforts to restore and recover marine life including by... →

COP28 ends with deal on transition away from fossil fuels

By: Bloomberg 13th December 2023 The COP28 climate talks in Dubai ended in a deal that saw a commitment to transition away from all fossil fuels for the first time. The president of this year’s UN-sponsored summit, the UAE’s Sultan Al Jaber, brokered an agreement that was strong enough for the US and European Union on the need... →

COP28 president Dr Sultan Al Jaber

Shrugging off sanctions risk, PetroSA aims to seal GTL refinery investment deal with GazpromBank by April

By: Terence Creamer 11th December 2023 South Africa’s PetroSA aims to make a final investment decision (FID) by April on a project designed to support the resumption of production at the mothballed gas-to-liquids (GTL) refinery in Mossel Bay, following receipt of Cabinet’s backing for its controversial selection of Russia’s... →

The PetroSA GTL refinery in Mossel Bay

TotalEnergies takes steps to broaden methane emission reductions in the oil, gas sector

By: Tasneem Bulbulia 5th December 2023 TotalEnergies has announced the signing of three cooperation agreements with national oil and gas companies – Petrobras in Brazil, SOCAR in Azerbaijan and Sonangol in Angola – to carry out methane detection and measurement campaigns using the Airborne Ultralight Spectrometer for Environmental... →

Photo by Reuters
TotalEnergies has announced the signing of three cooperation agreements with national oil and gas companies to carry out methane detection and measurement campaigns

Charles Dos Santos to succeed Rob Richardson as Air Products South Africa MD

By: Tasneem Bulbulia 1st December 2023 Air Products South Africa has announced that Charles Dos Santos will succeed Rob Richardson as MD with effect from February 1, 2024. Richardson has led the company since 2016 but has announced his intention to retire at the end of March 2024, which will allow for a smooth leadership transition. →

Financial backing boosts decarbonisation initiative

1st December 2023 Financial institution Standard Bank announced last month it had finalised an agreement to support global carbon project developer The African Stove Company (TASC) with funding for what is believed to be the first carbon credit project of its kind in South Africa. The carbon credit project has... →

An African Stove Company cookstove which is helping rural areas reduce their emissions

NOW WE ARE COOKING The new improved cookstove uses even less fuel, subsequently reducing emissions

Families of unlawfully convicted engineers plead with Dirco to ramp up bilateral efforts

By: Marleny Arnoldi 27th November 2023 It has been more than nine months since Frik Potgieter and Peter Huxham were arrested on fabricated charges in Equatorial Guinea, with their families urging the South African government to step up efforts to ensure their safe return home in time for Christmas. Spokesperson for the Huxham family,... →

Peter Huxham and his wife, and Frik Potgieter and his daughter

Petroleum industry significantly impacted on by loadshedding

By: Darren Parker 21st November 2023 The South African Petroleum Industry Association (Sapia) says the ongoing loadshedding crisis has significantly impacted on its members, with widespread power outages affecting various sectors of its business operations, with substantial implications. Among the areas of business most affected by... →

Sapia executive director Avhapfani Tshifularo

Sasol, Air Liquide conclude corporate PPA with Mainstream for 97.5 MW solar project

By: Terence Creamer 21st November 2023 A 97.5 MW solar photovoltaic project will be constructed in the Free State following the signing of a 20-year corporate power purchase agreement (PPA) between Mainstream Renewable Power and industrial groups Sasol and Air Liquide. The project forms part of a joint initiative by Sasol and Air... →

Baloyi selected to replace Grobler as Sasol CEO

By: Terence Creamer 17th November 2023 Chemicals and energy group Sasol has announced the appointment of Simon Baloyi as its new president and CEO effective from April 1, 2024, when he will succeed Fleetwood Grobler, who will continue to play an executive advisory role until the end of 2024. The JSE-listed group reported on Friday... →

Simon Baloyi

Bill outlines broad ‘energy value chain’ mandate for State petroleum company

By: Terence Creamer 14th November 2023 Mineral Resources and Energy Minister Gwede Mantashe has released a draft Bill for public comment outlining the establishment of the South African National Petroleum Company (SANPC), which the proposed legislation defines as the “State’s energy champion and facilitator of energy infrastructure... →

Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

Europe warns methane polluters as bloc pushes to slash emissions

By: Bloomberg 14th November 2023 The European Union (EU) aims to slash methane emissions by clinching a deal that could have global ramifications if major energy importers are targeted over leaks of one of the most potent greenhouse gases. Negotiators from parliament and member states will enter what is likely to be the final... →

Anglo American's Moranbah coal mine and power plant

Sipho Nkosi resigns as Sasol chair

By: Darren Parker 13th November 2023 Sipho Nkosi has stepped down as chairperson and nonexecutive director of energy and chemicals company Sasol, effective November 10. His decision to resign emanated from the conclusion that, while he was comfortable that he would be able to comply with the conflict-of-interest requirements of the... →

former Sasol chairperson and nonexecutive director Sipho Nkosi

Sipho Nkosi has stepped down as Sasol chairperson and nonexecutive director

Africa’s biggest oil refinery still months from full start

By: Bloomberg 9th November 2023 The full ramp up of Africa’s largest oil refinery, a landmark moment for crude and fuel markets both regionally and beyond, is still a long way off. The Dangote plant in Nigeria just concluded a deal to receive six million barrels of crude from December, an indication that commercial activity is... →

Sasol defends disclosure of potential decarbonisation shortcomings as responsible corporate citizenship

By: Darren Parker 3rd November 2023 Energy and chemicals company Sasol has taken exception to nonprofit organisation Just Share accusing it of shirking its responsibility to meet its previously stated goal of reducing its greenhouse-gas (GHG) emissions by 30% by 2030, claiming that the disclosure of risks is simply part of being a... →

Mantashe seeks to extend life of coal-fired power stations

3rd November 2023 Mineral Resources and Energy Minister Gwede Mantashe has called on the private sector to “please and come talk to us” if they have any ideas on extending the life of South Africa’s fleet of coal-fired power stations. “There are many that have been earmarked for decommissioning because they are... →

Panel stresses need for supply chain diversification

By: Marleny Arnoldi 2nd November 2023 As Russia continues to wage war in Ukraine, it has shone a spotlight on supply chains and the sourcing of materials. Speaking during a panel hosted by British newspaper Financial Times during its Energy Transition Summit, on November 1, Ukrainian energy holding company DTEK CEO Maxim Timchenko... →

Australian explorer advances in gas potential probe in South Africa’s Mpumalanga province

By: Marleny Arnoldi 31st October 2023 ASX-listed gas explorer Kinetiko Energy will start drilling five appraisal production wells to the west and north of Volksrust, in February next year, in efforts to commercialise advanced shallow conventional projects in Mpumalanga, South Africa. The sites already have environmental approvals... →

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