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Oil & Gas News

Green Connection mulls appeal of TotalEnergies’ approval to drill on southwest coast

By: Marleny Arnoldi 21st April 2023 Nonprofit organisation The Green Connection has described the Department of Mineral Resources and Energy’s (DMRE’s) decision to grant TotalEnergies Exploration and Production South Africa environmental authorisation to conduct exploratory drilling off the southwest coast, as irresponsible. The... →

Govt gives TotalEnergies green light to search for oil, gas between Cape Town, Agulhas

By: News24Wire 21st April 2023 The Department of Mineral Resources and Energy has granted TotalEnergies environmental authorisation to conduct exploratory drilling off the southwest coast. Interested and affected parties have 20 days, from 20 April, to appeal the decision with the Department of Forestry, Fisheries and... →

Sasol scrambles to run on gas and hydrogen in South Africa

By: Bloomberg 13th April 2023 South Africa’s second-biggest emitter aims to be among the continent’s biggest buyers of renewable energy – but for now Sasol remains firmly tied to fossil fuels. The company that made its name producing synthetic fuel and chemicals from coal, aims to reach net zero by 2050. That plan has been... →

Photo by Bloomberg
Sasol CEO Fleetwood Grobler

Global gas flaring at lowest since 2010 - World Bank

By: Schalk Burger 31st March 2023 Progress in reducing gas flaring resumed in 2022, with gas flared worldwide having decreased by five-billion cubic meters (bcm) to 139 bcm, which is its lowest level since 2010, according to new satellite data compiled by global development finance body the World Bank's Global Gas Flaring... →

Absa announces net-zero emissions targets for 2050

By: Schalk Burger 24th March 2023 Financial services firm Absa has announced that its long-term ambition is to reach net-zero by 2050 for Scope 1, 2 and 3 greenhouse-gas emissions. It has also committed to setting near- and long-term Scope 1 and 2 emissions reduction targets and having these targets validated by private sector... →

Oil hits lowest since 2021 on banking fears

By: Reuters 20th March 2023 Oil prices fell on Monday to their lowest in 15 months on concern that risks in the global banking sector and a potential increase to US interest rates could spark a recession that would sap fuel demand. In volatile trading, Brent crude futures for May fell $2.07, or 2.8%, to $70.90 a barrel at... →

Recycling tech mitigates waste

By: Nadine Ramdass 17th March 2023 Plastic production has increased to more than one-million tonnes a day, resulting in a growing plastic waste challenge, which chemical recycling technologies can mitigate by turning the waste into raw materials that can be used to meet current plastic demand. Chemical recycling company Plastic... →

An image of Plastic Energy's Seville Plant

SEVILLE RECYCLING PLANT Plastic Energy’s recycling process transforms difficult-to-recycle plastic waste into an optimal oil feedstock

Transnet applauds sentencing of fuel thief

By: Darren Parker 16th March 2023 State-owned freight and logistics company Transnet has welcomed the sentencing of a perpetrator arrested for tampering with the petroleum pipeline and theft of 40 000 ℓ of diesel. The conviction in the Vrede Regional Court on March 14 brings the total number of convictions to 16 since 2019. →

CEF expects newly merged SANPC to be stabilised by this time next year

By: Marleny Arnoldi 14th March 2023 The Central Energy Fund (CEF) Group of Companies on March 14 provided an update on the merger of its subsidiaries Petro SA, iGas and the Strategic Fuel Fund, to create a single entity called the South African National Petroleum Company (SANPC). In addressing the Portfolio Committee on Mineral... →

SFF progresses key oil, gas developments

By: Marleny Arnoldi 14th March 2023 The Strategic Fuel Fund (SFF) has finalised a terminal operator agreement for the Saldanha Bay Fuel Storage Terminal, relating to the handling and storing of crude oil, liquid petroleum gas (LPG) and refined products. SFF also finalised a terminal lease agreement for the handling and storing of... →

African financial institutions will continue to fund fossil fuel projects on the continent

By: Rebecca Campbell 14th March 2023 While Africa is part of the global transition to low carbon energy, the consumption of oil and gas on the continent will increase, at least in the short term. So observed Standard Bank executive energy & infrastructure coverage: East Africa Maina Kigundu at the African Refiners and Distributors... →

Virginia project could yield up to R6.2bn a year in Ebitda, Renergen estimates

By: Tasneem Bulbulia 8th March 2023 JSE-listed Renergen says its Virginia gas project, in the Free State, could generate an estimated R5.7-billion to R6.2-billion in earnings before interest, taxes, depreciation and amortisation (Ebitda), once the Phase 1 and 2 plants are in full production. Renergen, in January announced that it... →

Sasol's coal problems continue to undermine output at Secunda

By: Terence Creamer 21st February 2023 Coal quality and mining productivity problems continue to negatively affect production at Sasol’s Secunda Operations, in Mpumalanga, where only between 6.6-million tons and 6.9-million tons will be produced this financial year. Such output is well below both the group’s initial production... →

Photo by Creamer Media's Donna Slater
CEO Fleetwood Grobler

IEA warns on continuing high methane gas emissions from the global energy sector

By: Rebecca Campbell 21st February 2023 The International Energy Agency (IEA) has warned that emissions of methane remained “stubbornly high”. It did so in its “Global Methane Tracker 2023” report, published on Tuesday. Methane is a major contributor to climate change, being responsible for some 30% of the global temperature increase... →

IEA executive director Dr Fatih Birol

G20 watchdog says commodity market concentration poses threat to wider economy

By: Reuters 20th February 2023 The pandemic and war in Ukraine highlighted weaknesses in commodity markets where a 'significant' concentration of firms, banks, exchanges and clearing houses threatens to transmit losses to the wider economy, the G20's financial watchdog said on Monday. The Financial Stability Board's (FSB) deep... →

Civil society organisations petition African leaders to reject gas energy strategy

By: Darren Parker 17th February 2023 With the thirty-sixth Ordinary Session of the African Union (AU) Assembly of Heads of State being held in Ethiopia over the weekend of February 18 and 19, civil society organisations (CSOs) have called for the AU to play a more ambitious role in creating a fossil fuel-free energy future in... →

Transnet partners with Vopak for Richards Bay LNG Terminal bid

By: Tasneem Bulbulia 17th February 2023 State-owned Transnet Pipelines has selected Vopak Terminal Durban as its preferred partner to jointly bid for the Transnet National Ports Authority’s request for proposals to appoint a terminal operator for the liquefied natural gas (LNG) terminal in the Port of Richards Bay. This marks an... →

African Refiners and Distributors conference to explore downstream opportunities, challenges

By: Tasneem Bulbulia 14th February 2023 Industry organisation the African Refiners and Distributors Association (ARDA) will host its seventeenth yearly ARDA Week conference in person, from March 13 to 17 at the Century City Conference Centre, in Cape Town. Previewing the event, ARDA president Marieme Ndoye Decreane highlights that... →

South African civil society reiterates opposition to TotalEnergies’ oil, gas expansion plans

By: Tasneem Bulbulia 13th February 2023 Civil society organisations The Green Connection and Natural Justice this month made a submission on the scoping process of the environmental- and social-impact assessment (ESIA) for the proposed offshore Block 11B/12B production right and environmental authorisation project for TotalEnergies... →

An image showing The Green Connection activists supported by French activists, protesting against TotalEnergies South Africa

The Green Connection supported by French activists

Milestone for gas project

10th February 2023 Global energy major BP and project partner Technip Energies have reached a new milestone regarding the development of the highly-anticipated Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project located offshore Mauritania and Senegal. In January, the project partners announced that... →

India energy firms see growth prospect in Africa, Middle East

By: Bloomberg 7th February 2023 ReNew Energy Global and Engineers India are among India companies advancing energy projects in Africa and the Middle East amid rising demand in those regions. State-run energy consultant Engineers India expects to finalise a nearly $25-million order for a chemicals and fertiliser plant in... →

Sasol’s shares fall as it warns of mixed interim results

By: Darren Parker 7th February 2023 Chemicals and energy group Sasol’s share price on the JSE fell by nearly 9% on February 7 after it said it was likely to report a mixed set of results for the six months ended December 31, 2022. During the interim period, Sasol benefitted from a stronger oil price, better refining margins and a... →

PetroSA publishes tender for gas extraction joint ventures

By: Marleny Arnoldi 6th February 2023 State-owned oil and gas company PetroSA has published a request for proposals (RfP), calling on interested parties to submit conceptual proposals to partner with the national oil company in developing upstream assets that will generate revenue for PetroSA on a sustainable basis. The main... →

TotalEnergies seeks independent assessment of Mozambique humanitarian situation

By: Tasneem Bulbulia 6th February 2023 As part of his visit to the Cabo Delgado province of Mozambique on February 3 to review the security and humanitarian situation, TotalEnergies CEO and chairperson Patrick Pouyanné entrusted Jean-Christophe Rufin, a recognised expert in humanitarian action and human rights, with an independent... →

Renergen considering US IPO; provides Phase 2 funding update

By: Simone Liedtke 31st January 2023 Natural gas and helium producer Renergen is preparing for a potential initial public offering (IPO) in the American Depositary Shares (ADSs), and listing on the Nasdaq Stock Market this year, subject to market and other conditions. To raise the requisite equity funding for Phase 2 of its Virginia... →

Congo LNG facility to be developed by Expro for Eni

By: Darren Parker 25th January 2023 Energy services provider Expro has entered into a long-term production solutions contract with Eni Congo, a subsidiary of multinational energy company Eni, for a liquefied natural gas (LNG) pretreatment facility in the Republic of Congo. The ten-year contract is expected to generate more than... →

US Treasury reaffirms efforts to stabilise global energy prices, improve food security in Africa

By: Marleny Arnoldi 25th January 2023 US Treasury Secretary Janet Yellen says the US government and its partners are leading efforts to stabilise global energy prices by introducing a cap on the price of Russian oil, which should help mitigate further price shocks on emerging economies and reduce Russian revenues. While the policy... →

South Africa joins global ranks of liquid helium production thanks to Renergen project

By: Simone Liedtke 23rd January 2023 Natural gas and helium producer Renergen has produced its first liquid helium at its flagship Virginia gas project, in South Africa’s Free State province, making the country the world’s newest producer of liquid helium. The helium module is now operational and being optimised, the company... →

The helium block at the Virginia gas plant

PetroSA seeks partner to resume full production at Mossel Bay GTL refinery

By: Tasneem Bulbulia 18th January 2023 State-owned Petroleum Oil and Gas Corporation of South Africa (PetroSA) has issued a request for proposals (RFP) to establish a partnership for the development, refurbishment, modification, upgrade, funding and/or operation of its gas-to-liquids (GTL) refinery, in Mossel Bay. PetroSA is planning... →

An image of PetroSA's gas-to-liquids refinery, in Mossel Bay

Photo by Creamer Media
GTL refinery in Mossel Bay

Kibo to produce synthetic oil in addition to syngas

By: Darren Parker 17th January 2023 Aim- and AltX-listed renewable-energy-focused development company Kibo Energy will potentially introduce an additional revenue stream to its 2.7 MW plastic-to-syngas power plant, which resides within its 65%-owned Sustineri Energy subsidiary. This potential new revenue stream involves the... →

Kibo CEO and acting chairperson Louis Coetzee

Phase 2 of Renergen’s Virginia gas project awarded SIP status

By: Simone Liedtke 14th December 2022 Phase 2 of Renergen’s Virginia gas project awarded SIP status Natural gas and helium provider Renergen’s Virginia gas project’s Phase 2 is now a strategic integrated project (SIP) under the Infrastructure Development Act (IDA) and its amendments were Gazetted by Public Works and Infrastructure... →

TNPA issues RFP for Durban LPG terminal operator

By: Schalk Burger 13th December 2022 State-owned Transnet National Ports Authority (TNPA) has issued a request for proposals (RFP) for a suitable terminal operator to finance, refurbish, operate, maintain and transfer a liquid bulk terminal specialising in liquified petroleum gas (LPG) for a 25-year concession at the Port of Durban.... →

TVET colleges critical to seizing the development opportunities of a just transition

By: Schalk Burger 9th December 2022 South Africa's skills policies are not in line with its environmental commitments and the country needs to significantly improve its technical and vocational education and training (TVET) ecosystem to produce the skills required to develop and capitalise on the just transition. "Environmental... →

TotalEnergies takes next step on South African Production right application

By: Bloomberg 2nd December 2022 TotalEnergies has applied for environmental authorization toward developing its gas discoveries offshore South Africa. The move forms part of a production right application in Block 11B/12B, which is available for public comment, according a draft scoping report published online. →

Stefanutti sees opportunities in various sectors, swings to interim profit

By: Schalk Burger 24th November 2022 JSE-listed construction group Stefanutti Stocks reported a profit of R9.25-million for the six months ended August 31, compared with a loss of R188.48-million posted for the six months ended August 31, 2021. Contract revenue from continuing operations decreased to R2.87-billion for the interim... →

TotalEnergies about to submit its application to drill for gas along south coast

By: News24Wire 24th November 2022 French energy giant TotalEnergies is preparing to submit its final application for approval to drill up to five wells for oil or gas between Cape Town and Cape Agulhas. The project has met opposition from environmental groups but the company says it is part of South Africa’s transition from coal.... →

TotalEnergies plans oil exploration off South Africa West Coast

By: Reuters 18th November 2022 TotalEnergies is planning to explore for oil offshore South Africa’s West Coast, where environmental groups have increasingly opposed such activity. The French explorer proposes to drill one well, which could result in an additional nine wells depending on the success of the first, SLR... →

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