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Oil & Gas News

US climate envoy Kerry cautions against long-term gas projects in Africa

By: Reuters 16th September 2022 US climate envoy John Kerry cautioned against investing in long-term gas projects in Africa as countries in the region, some hoping to tap recent oil and gas discoveries, wrestle with how to power their development with clean energy. "We are not saying no gas," Kerry told Reuters on the sidelines... →

South African govt coffers could get over R8bn a year from TotalEnergies field – regulator

By: Reuters 15th September 2022 TotalEnergies' 11B/12B offshore field could make a direct annual contribution of at least R8-billion to South African government finances, the country's petroleum regulator said on Thursday. "That is not just the overall GDP contribution but is the direct fiscal contribution from the royalties as... →

Nigerian minister says plan to commercialise gas flaring at advanced stage

By: Reuters 14th September 2022 Nigeria's plan to commercialise gas burned from its oil fields was at an advanced stage and would help cut 15 million tonnes of carbon emissions from the atmosphere, the petroleum minister said on Tuesday after meeting US climate envoy John Kerry. Africa's biggest economy, Nigeria is also the... →

South African business formations make joint appeal for carbon-tax relief

By: Terence Creamer 13th September 2022 Several organised business formations have outlined six recommendations in a joint position statement on carbon tax, which they argue will improve the carbon tax proposals in the Taxation Laws Amendment Bill and “avert unintended consequences”. Released by the Energy Council of South Africa,... →

Luminaires best fit for refineries

By: Leah Shelene Asaram 9th September 2022 Leading manufacturer of luminaires Beka Schréder deems their luminaires as the best fit for zoned environments, such as oil refineries. “All products produced by Beka Schréder are locally manufactured in Olifantsfontein, Gauteng, and developed specifically to withstand South Africa’s harsh... →

An image of Beka Schréder’s LEDNOVA luminaire

LEDNOVA Offers optimal photometric performance and high reliability to reduce energy consumption

TotalEnergies lodges production licence for large SA find

By: Reuters 6th September 2022 TotalEnergies has lodged its production licence application for Block 11B/12B offshore of South Africa, the national petroleum regulator said on Tuesday, before a deadline expired which might have seen the oil major forfeit its right to develop the huge discovery. The deadline would have expired... →

Angola plans to sell stake in national oil firm Sonangol by 2027

By: Bloomberg 2nd September 2022 Angola plans to complete the sale of stakes in national oil company Sonangol EP and diamond firm Endiama within the next five years, according to the chairman of the government’s asset-management agency. The two companies were the among the largest of 195 state-owned firms and assets the... →

Fitch Solutions says natural gas prices to remain volatile for remainder of this year

By: Marleny Arnoldi 2nd September 2022 Research agency Fitch Solutions Country Risk & Industry Research reports that European natural gas prices have fallen sharply from all-time-highs set just a week ago. Both the Dutch Title Transfer Facility (TTF) benchmark and the UK National Balancing Point (NBP) fell by 26%, following a gain... →

Energy economics institute says carbon capture is ‘unrealistic’ climate solution

By: Schalk Burger 1st September 2022 The Institute for Energy Economics and Financial Analysis (IEEFA) reports in its 'The Carbon Capture Crux – Lessons Learned' report that underperforming carbon capture projects considerably outnumber successful projects globally, and by large margins, with both the technology and regulatory... →

Court deals blow to Shell, sets aside Wild Coast exploration right

By: News24Wire 1st September 2022 A high court has set aside a decision by Minister of Mineral Resources and Energy Gwede Mantashe to grant Shell an exploration right, which would have allowed it to conduct a seismic survey off the Wild Coast. The ruling was handed down in the Makhanda High Court on Thursday, following a two-day... →

A photo of community members protesting Shell's drilling plans

One of world’s most polluted spots gets worse as $1bn cleanup drags on

By: Bloomberg 31st August 2022 In the more than a quarter century since Shell left Ogoniland in southern Nigeria, oil has continued to ooze from dormant wellheads and active pipelines, leaving the 386-square mile kingdom’s wetlands shimmering with a greasy rainbow sheen, its once-lush mangroves coated in crude, well-water... →

A photo of the damage done to Nigeria's environment as a result of oil spills

Nigeria seeking extra $410bn for energy transition plan including gas

By: Reuters 25th August 2022 Nigeria needs at least $10-billion in additional funding per year to reach net zero by 2060 in a plan that would involve gas as a transition fuel, officials said while launching the nation's energy transition plan on Wednesday. The effort aims also to expand power access to all of Nigeria's 200... →

Petronas explores $3bn African upstream asset sale

By: Bloomberg 24th August 2022 Malaysian State oil company Petroliam Nasional has started inviting bids for its upstream assets in Africa, which could fetch as much as $3-billion, people with knowledge of the matter said. Petronas is working with an adviser to gauge interest in the portfolio, which includes operations in Chad,... →

Sasol prepares to ramp up decarbonisation capex from 2025

By: Terence Creamer 23rd August 2022 Energy and chemicals group Sasol expects to invest the bulk of the R15-billion to R25-billion it is budgeting to facilitate a 30% reduction in its carbon emissions by 2030 between 2025 and 2027, having spent only modest capital on such projects to date. The expenditure forms part of the... →

Sasol CEO Fleetwood Grobler

Sasol warns carbon tax could prompt it to scale back operations

By: Bloomberg 22nd August 2022 Sasol, South Africa’s second-biggest greenhouse gas emitter, sees carbon taxes posing a “significant risk” to its business and warned current proposals could cause it to curtail operations and green initiatives. The government sees the taxes as key to meeting its goal of producing net-zero... →

Sasol's Secunda operation

SA 'confident' over TotalEnergies gas development plans

By: Bloomberg 19th August 2022 South Africa expects TotalEnergies to submit a production plan within weeks to use a prolific offshore gas discovery that will form a key part of increasing investment in the sector. Petroleum Agency South Africa is “very confident” that the French major will finish talks with state-owned... →

Sasol delays 96% gas hike pending ‘engagements with Nersa’

By: Terence Creamer 18th August 2022 Sasol Gas has confirmed that it has delayed the implementation of a controversial 96% increase in the price of pipeline gas, which was initially announced as being effective from August 1. Had the increase been introduced, the price of gas charged to South African customers would have increased... →

Wärtsilä to supply 18 MW of additional power capacity at Senegal gold mine

By: Darren Parker 16th August 2022 Technology group Wärtsilä will supply an 18 MW extension to the power generating facility and also upgrade the electrical and automation system of the existing power plant at gold producer Endeavour Mining’s Sabodala-Massawa gold mine complex, in Senegal. The upgrade and extension project will... →

Amid energy crisis, EU plans to help gas-rich Mozambique boost security

By: Reuters 16th August 2022 The European Union (EU) is planning a five-fold increase in financial support to an African military mission in Mozambique, an internal EU document shows, as Islamist attacks threaten gas projects meant to reduce the EU's reliance on Russian energy. The energy squeeze due to the Ukraine war has... →

CEF welcomes SFF’s 50% acquisition of BP Cape Town Terminal

By: Tasneem Bulbulia 15th August 2022 The State-owned Central Energy Fund (CEF) has welcomed the Competition Tribunal’s unconditional approval whereby its subsidiary the Strategic Fuel Fund (SFF) was given the go-ahead to acquire a 50% interest in the assets of bp Southern Africa’s (bpSA’s) Cape Town Terminal. The terminal has a... →

New probe developed

12th August 2022 Japanese multinational electrical engineering and software company Yokogawa Electric Corporation has developed an explosion-proof version of its TDLS8200 probe type tunable diode laser spectrometer. Yokogawa announced earlier last month that its TDLS8200 probe was scheduled to be released for... →

Nersa reiterates that it has not approved Sasol’s 96% gas hike

By: Terence Creamer 11th August 2022 The National Energy Regulator of South Africa (Nersa) says it has not approved an increase in the maximum price of pipeline gas to R133/GJ and insists that it “would not approve any increase which doubles its previously approved maximum gas price” of R68.39/GJ. It also insists that only Sasol... →

Gas users call on regulator to intervene over ‘untenable’ 96% hike

By: Terence Creamer 10th August 2022 The Industrial Gas Users Association of Southern Africa (IGUA-SA) has described as “untenable” a 96% hike in the gas price by Sasol and has called on the energy regulator to intervene urgently to address what it describes as Sasol’s monopolistic behaviour, as well as to prevent manufacturing... →

Renergen, CEF one step further in advancing agreement for Virginia gas project

By: Simone Liedtke 10th August 2022 South Africa’s Central Energy Fund (CEF) has completed its due diligence on its R1-billion investment in emerging integrated energy producer Renergen’s Virginia gas project. Marking a major step towards finalising the agreement between Renergen and the CEF, both parties have now started engaging... →

Nersa to review methodology for gas pricing

By: Tasneem Bulbulia 5th August 2022 Energy regulator the National Energy Regulator of South Africa (Nersa) says it has been alerted about concerns regarding the “imminent excessive increases” in gas prices that have been announced by one of its licensees and says that it did not approve such increases. →

Tribunal approves SFF’s buyout of an interest in bpSA’s Cape Town Terminal

By: Tasneem Bulbulia 3rd August 2022 The Competition Tribunal has unconditionally approved the large merger whereby the Strategic Fuel Fund (SFF) intends to acquire an interest in the assets of bp Southern Africa’s (bpSA’s) Cape Town Terminal. Upon the implementation of the proposed transaction, SFF and bpSA will have joint control... →

Transnet Pipelines seeking partnership for LNG terminal in Richards Bay

By: Tasneem Bulbulia 29th July 2022 Transnet Pipelines (TPL), an operating division of Transnet, is participating in the planned Section 56 process for Request for Proposals (RFP) issued by Transnet National Ports Authority (TNPA). TNPA is seeking a terminal operator to design, develop, build, finance, operate, maintain and... →

Environmental ambiguities, inclusion of gas in new energy plan of concern for organisations

By: Donna Slater 27th July 2022 President Cyril Ramaphosa’s plan to arrest a degradation in the prevailing electricity generation deficit issue in South Africa has been welcomed by several organisations as a measure that took into account consultation from various perspectives, as well as one that addresses rolling out new... →

Just Share says analysis shows Absa intends to continue financing fossil fuel projects

By: Schalk Burger 26th July 2022 Shareholder activist organisation Just Share has analysed financial services firm Absa’s recently published Coal Financing Standard and Oil and Gas Financing Standard, as well as Absa’s 2022 disclosures partially aligned with the recommendations of the Task Force on Climate-related Financial... →

Natref supply partially restored, Sasol’s full-year production decreases

By: Donna Slater 25th July 2022 Chemicals and petrochemicals producer Sasol reports that crude oil supply has been partially restored from its majority-owned Sasolburg-based Natref refinery, after the company declared a force majeure on the supply of petroleum products to its commercial customers on July 15. Natref, impacted... →

Commission recommends approval of SFF’s buyout of 50% stake in Cape Town Terminal

By: Schalk Burger 22nd July 2022 The Competition Commission has recommended to the Competition Tribunal that it approve, without conditions, the State-owned Strategic Fuel Fund’s (SFF’s) acquisition of a 50% interest in the Cape Town Terminal from oil and gas multinational BP Southern Africa. The Cape Town Terminal, located in... →

Company to pilot zero-emissions heavy duty hydrogen trucks

22nd July 2022 Industrial and specialty gases supplier Airgas has signed an agreement with zero-emissions hydrogen fuel cell powered commercial vehicles supplier Hyzon Motors to pilot two heavy duty hydrogen fuel cell trucks, including one 100 kW fuel cell truck and the first Hyzon 200 kW hydrogen fuel cell... →

New gauge assembly protects people and the environment

By: Mandisa Nyathi 22nd July 2022 Measuring instruments supplier Wika Instruments has launched its new Emission Control Gauge, referred to as the Emico gauge pressure measuring assembly, to ensure safety for people and the environment in critical processes, says Wika product specialist Sagadevan Kanniappen. →

Company looks to virgin fluorocarbon refrigerants and gases

22nd July 2022 A-Gas has continued to grow worldwide since it was founded 30 years ago, initially supplying only virgin fluorocarbon refrigerants. It has evolved to offer innovative sustainability solutions to its customers and end-users. As the global leader in the supply and lifecycle management of... →

Africa needs all hands on deck to meet 2030 energy goals

By: Schalk Burger 15th July 2022 To achieve universal energy access by 2030, Africa will need a range of technologies and policy changes that open national grids to private participation, enable the establishment of microgrids and move to regional power trading and power pools, energy industry experts highlighted during a... →

Opec faces a near-impossible production task in 2023

By: Bloomberg 15th July 2022 Organisation of the Petroleum Exporting Countries (Opec) producers will need to pump crude at the fastest pace in five years in 2023 if they are to balance oil supply and demand. Capacity constraints suggest they may struggle. The latest forecasts from the International Energy Agency, the US... →

Kibo waste-to-energy project PPA extended to 20 years

By: Tasneem Bulbulia 14th July 2022 Dual-listed Kibo Energy has extended its conditional take-or-pay Power Purchase Agreement (PPA), first announced in February, from the initial ten years to 20 years. The PPA outlines the construction, commissioning and operation of a 2.7 MW plastic-to syngas power plant to generate baseload... →

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