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Oil & Gas

Namibia tempers oil expectations after recent drilling campaigns
19th February 2025 By: Reuters

Namibia is taking a more cautious view on its long-term oil prospects after the latest exploration wells failed to add to a string of discoveries that started about three years ago. Chevron Corp... 


Shell Downstream South Africa country chairperson Aluwani Museisi
Opinion: The budget must catalyse South Africa’s energy transformation
18th February 2025

In this article, Shell Downstream South Africa country chairperson Aluwani Museisi writes that the 2025 Budget speech must prioritise the long-term resilience of South Africa’s energy... 


The Sapref refinery before it was closed
South Africa again flags mega oil refinery plan and expresses desire for regional partnership
18th February 2025 By: Terence Creamer

The South African government has reiterated its stance that South African needs a mega oil refinery despite “fundamental changes” under way globally, including the transition to electric mobility.... 


Renergen navigating setbacks, commits to restoring investor confidence
Renergen navigating setbacks, commits to restoring investor confidence
13th February 2025

While South African natural gas and helium producer Renergen has faced a series of challenges that have impacted on its operations and financial standing in recent months, the company has... 


Shell's logo
Shell sees AI revolutionising energy system in new outlook
12th February 2025 By: Bloomberg

AI could lead to significant energy demand growth as the technology is implemented across industries, an acceleration that could also help to halve the system’s carbon intensity by 2050, according... 


Africa Energy Bank targets mid-year launch with South Africa indicating interest
5th February 2025 By: Reuters

The proposed Africa Energy Bank, which aims to fund oil and gas projects across the continent, is set to start operations by mid-year this year, with South Africa also indicating interest to join,... 


Fuel station
Petrol price to increase by 82c, diesel by up to 105c
4th February 2025 By: Marleny Arnoldi

Mineral and Petroleum Resources Minister Gwede Mantashe has announced the adjustment of fuel prices, based on current local and international factors, effective February 5. Petrol 93 and 95... 


Mission 300 secures commitments to drive clean cooking energy in Africa
31st January 2025 By: Schalk Burger

Twelve African countries signed energy compacts during the Mission 300 Africa Energy Summit, held in Tanzania this week, signalling their intent to accelerate the pace of access to electricity and... 


Image of a SES vessel
Three new offshore supply vessels commissioned for Southern African oil company
29th January 2025 By: Irma Venter

Singapore shipbuilder Strategic Marine has commissioned three new offshore supply vessels for an unnamed national oil company in Southern Africa. The vessels will be used for passenger transfer to... 


sasol secunda
Sasol keeps its footing despite a challenging six months
23rd January 2025 By: Darren Parker

Despite challenging circumstances during the six months ended December 31, energy and chemicals company Sasol has stated that its market guidance for both its Mining and Gas divisions remains... 


Global gas markets set to remain tight in 2025 – IEA
Global gas markets set to remain tight in 2025 – IEA
21st January 2025 By: Terence Creamer

Global natural gas markets reached an all-time high last year and are set to remain tight in 2025 despite an ongoing rebalancing following the supply shock of 2022/23, the International Energy... 


Shell pursuing sustainability at Alberton depot
Shell pursuing sustainability at Alberton depot
15th January 2025

Oil and gas company Shell South Africa’s Alberton depot is pursuing sustainability through projects, including solar and battery power, and capacitation for biofuels.  


Sasol logo
Sasol fire heightens South Africa’s dependence on fuel imports
14th January 2025 By: Bloomberg

A fire that shut Sasol’s Natref oil refinery leaves South Africa with only one crude-processing plant running, highlighting a growing reliance on fuel imports. The January 4 blaze at the facility —... 


Offshore gas flaring
Namibia says Shell write-down of offshore discoveries ‘not a setback’
10th January 2025 By: Marleny Arnoldi

Namibia’s Mines and Energy Ministry has downplayed the impact of energy company Shell recent $400-million write-down on its offshore oil discoveries, stating that the country it remains committed... 


Shell writes down Namibia oil discovery in blow to country
Shell writes down Namibia oil discovery in blow to country
9th January 2025 By: Reuters

Shell will write down around $400-million overan oil discovery offshore Namibia that it deemed commercially unviable in a blow to the southern African country's efforts to become a crude... 


Renergen concerned about its mineral rights amid solar plant construction
11th December 2024 By: Tasneem Bulbulia

JSE- and ASX-listed Renergen has provided an update on ongoing actions involving its majority-owned subsidiary, Tetra4, which produces helium, and a proposed solar plant being planned by another... 


An image of CNG Holdings CEO Josua le Roux 12-24
Reatile Energy increases stake in CNG Holdings
11th December 2024 By: Tasneem Bulbulia

Investment holding company Reatile Group subsidiary Reatile Energy has increased its stake in natural gas provider CNG Holdings to 61.36%, which Reatile Energy says further cements its commitment... 


A gas stove
WLGA releases roadmap to expand access to LPG for cooking across Africa
11th December 2024 By: Schalk Burger

Industry organisation the World Liquid Gas Association (WLGA) has released the ‘LPG Roadmap for Africa’ report, which includes calls to action for the public and private sectors to achieve full... 


Shell's Alberton fuel depot
Shell pursuing ‘green’ initiatives at Alberton depot
28th November 2024 By: Tasneem Bulbulia

Oil and gas company Shell South Africa’s Alberton depot is pursuing sustainability through two projects, mainly, solar and battery power, and capacitation for biofuels, the company outlined during... 


Civil society organisations launch legal challenge seeking judicial review of seismic surveying authorisations
22nd November 2024 By: Schalk Burger

Civil society organisations The Green Connection, Aukotowa Fisheries Primary Co-Operative and Natural Justice have launched a judicial review of decisions to grant authorisation to seismic and... 


Port of Durban
Transaction adviser to validate strategy for Port of Durban’s liquid-bulk hub
11th November 2024 By: Creamer Media Reporter

South Africa’s Transnet National Ports Authority (TNPA) has appointed Zutari as the transaction adviser at the Island View precinct, the Port of Durban’s fuels and chemicals hub through which about... 


Sasol CEO Simon Baloyi
Sasol not in ‘sunset’ phase but transition plans cannot outpace market demand – Baloyi
5th November 2024 By: Terence Creamer

Sasol CEO Simon Baloyi has acknowledged that the group stands at the “threshold” of a potentially difficult energy transition but he has also disputed assertions that the carbon-heavy chemicals and... 


Electricity and Energy Minister Kgosientsho Ramokgopa
South Africa will champion African energy priorities at G20 next year – Ramokgopa
5th November 2024 By: Rebecca Campbell

South Africa will use its position as Chair of the G20 (the group of 19 major global economies plus the African Union and the European Union) next year to champion Africa’s energy priorities on the... 


South African oil group seeks to amend new law to woo investors
4th November 2024 By: Bloomberg

Some oil explorers are “not satisfied” with South Africa’s long-awaited rules for the industry that were signed into law last month by President Cyril Ramaphosa, according to a lobby group. The... 


Petroleum Products Bill released for public comment
24th October 2024 By: Creamer Media Reporter

The Department of Mineral Resources and Energy (DMRE) has published the draft Petroleum Products Bill for a 60-day public comment period, which was launched on October 21. The DMRE says the Bill,... 


Oil barrels
South Africa is still tapping oil stockpile to fund fuel subsidy
22nd October 2024 By: Bloomberg

South Africa is still selling oil from strategic stockpiles to fund measures introduced two years ago to cushion consumers from a spike in road fuel prices. The Strategic Fuel Fund Association paid... 


Sasol logo
Sasol's performance lags in Q1 owing to chemical market, coal quality issues
22nd October 2024 By: Marleny Arnoldi

JSE-listed petrochemicals group Sasol has reported a mixed production and sales performance for the three months ended September 30, with the company having been impacted on by the stronger rand,... 


komati power station with solar panels in front
German energy expert says energy transition a mistake
18th October 2024 By: Darren Parker

The energy transition in its current form, as a grid-scale build out of wind and solar with the goal to replace oil, coal, and gas, is probably one of the greatest mistakes that humanity has ever... 


The above image depicts Bowmans partner Dirk Wessels
Bill aims to bolster SA oil, gas investment
18th October 2024 By: Lynne Davies

With investor confidence in the upstream oil and gas sector currently being low, pan-African law firm Bowmans states that there is a need for the Upstream Petroleum Resources Development Bill... 


The above image depicts Webber Wentzel partner Jonathan Veeran
Firm concerned about Petroleum Resources Bill
18th October 2024 By: Lynne Davies

As the global upstream sector continues to grow, law firm Webber Wentzel says there has been “negative sentiment” about the recently approved Upstream Petroleum Resources Development Bill (UPRDB).... 


Mmete Fusi appointed acting group CEO of PetroSA
17th October 2024 By: Tasneem Bulbulia

The Petroleum Oil and Gas Corporation of South Africa (PetroSA) has appointed Mmete Fusi as acting group CEO, effective immediately. The entity highlights that Fusi has vast leadership experience... 


Africa Oil Week 2025 to be held in Ghana
9th October 2024 By: Rebecca Campbell

Africa Oil Week (AOW), which is currently marking its thirtieth anniversary at AOW 2024, which is in progress at the Cape Town International Convention Centre, has confirmed that AOW 2025 will be... 


African petroleum body head reaffirms importance of the sector to African development
8th October 2024 By: Rebecca Campbell

Africa cannot develop without oil and gas. So African Petroleum Producers Organisation (APPO) secretary-general Dr Omar Farouk Ibrahim unequivocally proclaimed on Tuesday, in his address at the... 


US sees oil and gas as essential to global energy but sector must cut greenhouse emissions
8th October 2024 By: Rebecca Campbell

The US recognised the vital role that oil and gas played in the global energy matrix, assured US Deputy Assistant Secretary of Energy Joshua Volz. He was addressing the Africa Oil Week 2024... 


Mineral and Petroleum Resources Minister Gwede Mantashe
Mineral and Petroleum Resources Minister Mantashe reaffirms support for oil and gas
8th October 2024 By: Rebecca Campbell

Ensuring the security of the country’s energy supplies and addressing energy poverty were objectives of the South African government, Mineral and Petroleum Resources Minister Gwede Mantashe told... 


Industrial Gas Users’ Association of Southern Africa CEO Jaco Human
Opinion: Non-profit gas aggregation imperative for South Africa
8th October 2024

In this opinion article, Industrial Gas Users’ Association of Southern Africa CEO Jaco Human makes the case for pursuing gas aggregation on a non-profit basis, while also urging Eskom and Sasol to... 


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