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Oil & Gas

Oil, gas profitable as transition deferred
1st September 2023 By: Nadine Ramdass

Despite the global commitment to a green energy transition, the oil and gas industry is the most profitable industry, with a 20% financial investment decision (FID) rate, says global energy trade... 


Firm sells 15% interest in Absheron gasfield
1st September 2023

Multi-energy company TotalEnergies and gas company State Oil Company of the Republic of Azerbaijan (Socar) signed an agreement last month to sell a 15% participating interest each in their joint... 


Global gas consumption to continue growth in 2023 – report
1st September 2023

Global gas consumption is expected to continuing growing in the latter half of this year, mainly driven by increasing energy demand in China, the US and some emerging countries in Asia Pacific,... 


Secunda operations
Just Share wants Sasol’s appeal for alternative measurement of Secunda’s air pollution rejected
28th August 2023 By: Terence Creamer

Sasol’s appeal of the National Air Quality Officer’s (NAQO’s) July 11 refusal to approve an alternative approach for measuring the sulphur dioxide (SO2) emissions from the 17 coal boilers at the... 


Western Cape Premier Alan Winde
A 20-year Karpowership deal doesn't make sense for the Western Cape, says Winde
24th August 2023 By: News24Wire

The Western Cape government is "totally against" having an emergency energy solution such as the Karpowership extending for two decades, according to Premier Alan Winde. On Thursday, the Western... 


Sasol CEO Fleetwood Grobler
Secunda refinery’s post-2030 output cut as Sasol struggles to pin down gas supply
23rd August 2023 By: Terence Creamer

Energy and chemicals group Sasol says it is continuing to assess several technology and feedstock solutions to bolster post-2030 liquid fuels and chemicals volumes at its Secunda refinery, in... 


Southern African bloc backs $17bn gas infrastructure plan
22nd August 2023 By: Bloomberg

A southern African bloc of nations backed a $17-billion natural gas infrastructure plan to bolster energy supplies on a continent where almost half of the population lacks access to power. The... 


LNG production infrastructure
Kinetiko strikes LNG deal with the IDC
22nd August 2023 By: Esmarie Iannucci

The share price of ASX-listed Kinetiko Energy surged by nearly 40% on Tuesday on the signing of a non-binding term sheet with the Industrial Development Corporation of South Africa (IDC) to jointly... 


Renewable energy and fossil fuel power infrastructure
TIPS sets out to create a South Africa-focused Just Transition Transaction Framework
21st August 2023 By: Darren Parker

Independent, nonprofit economic research institution Trade & Industrial Policy Strategies (TIPS) has launched research on a proposed Just Transition Transaction Framework. During a webinar on... 


A map showing the location of Kinetiko Energy's gas project in South Africa
Kinetiko reports reserve at pilot field
21st August 2023 By: Esmarie Iannucci

ASX-listed Kinetiko Energy has announced a maiden gas reserve of 3.1 BCF over its pilot gas production field in South Africa. An independent gas reserve and resource report has also resulted in a... 


Air Products acquires EWN&S
15th August 2023 By: Tasneem Bulbulia

 Gas supplier and manufacturer Air Products South Africa and its subsidiary Weldamax have strengthened their gas and welding portfolio through the acquisition of a controlling interest in EWN&S.... 


Dr Tshepo Mokoka appointed PASA acting CEO
3rd August 2023 By: Creamer Media Reporter

Dr Tshepo Mokoka has been appointed acting CEO of the Petroleum Agency South Africa (PASA), effective August 1. For several years, Mokoka has been an integral part of PASA’s oversight body, the... 


Upcoming bpSA mobility and convenience GM Nokwanda Khumalo
bp Southern Africa announces new mobility, convenience GM
1st August 2023 By: Darren Parker

Petroleum company bp Southern Africa (bpSA) has announced the appointment of Nokwanda Khumalo as the company’s new mobility and convenience GM, effective September 1. Khumalo has joined bpSA during... 


The Secunda complex
In appeal against air-quality decision, Sasol again makes case for load-based emission limit
1st August 2023 By: Terence Creamer

Energy and chemicals group Sasol has moved to formally appeal a decision of the National Air Quality Officer (NAQO) to decline its application to have its Secunda boilers regulated using a... 


Sasol Gas to continue engaging Nersa over gas prices
21st July 2023 By: Tasneem Bulbulia

Energy company Sasol Gas says it does not agree with the preliminary conclusion by regulatory authority the National Energy Regulator of South Africa (Nersa) that the maximum price of R120/GJ for... 


EU electricity demand expected to reach two-decade low
19th July 2023 By: Darren Parker

The International Energy Agency (IEA) has said the European Union (EU) is likely to experience a decline in electricity demand to the lowest level in two decades. However, the expansion of... 


A ship transporting LNG
Closer dialogue between producers, consumers needed to ensure security of gas supply
18th July 2023 By: Schalk Burger

The global energy crisis sparked by Russia’s invasion of Ukraine in February 2022 has transformed the structure of natural gas markets, necessitating closer dialogue between producers and consumers... 


The rebrand is part of Astron Energy’s 100th service station as part of the company’s project to rebrand its network from Caltex to Astron Energy
Astron Energy rebrands one-hundredth site in South Africa
17th July 2023 By: Cameron Mackay

Petroleum products supplier Astron Energy has marked the rebrand of its one-hundreth service station in South Africa as part of the company’s mammoth project to rebrand its network from Caltex to... 


Afreximbank disburses $120m to Kenyan investment development firm
17th July 2023 By: Darren Parker

The African Export-Import Bank (Afreximbank) in Nairobi has announced the disbursement of a $120-million financing facility to Djibouti’s Great Horn Investment Holding (GHIH) for the execution of a... 


Air Products expects startup of Northern Cape solar farm by mid-2025
14th July 2023 By: Marleny Arnoldi

Industrial and specialty gas company Air Products South Africa has confirmed that it expects a solar plant to supply electricity to its air separation units (ASUs) to start generating electricity... 


Air Products MD Rob Richardson
Air Products South Africa secures renewable power for its ASUs in landmark wheeling agreement
13th July 2023 By: Marleny Arnoldi

Industrial and specialty gas company Air Products South Africa has concluded a power purchase and wheeling agreement with wind and solar power developer Mulilo Renewable Project Developments, which... 


Commission refers excessive pricing complaint against Sasol Gas to Tribunal
11th July 2023 By: Schalk Burger

The Competition Commission has referred a complaint of excessive pricing of natural piped gas against Sasol Gas to the Competition Tribunal. “The commission found that Sasol Gas extracted mark-ups... 


Paratus, Ceragon sign multi-year partnership in Angola, Mozambique and Namibia
10th July 2023 By: Schalk Burger

Telecommunications and network company Paratus and wireless communications company Ceragon Networks have signed a multi-year agreement to provide high-capacity wireless offshore communication... 


petrol pumps
Petrol prices to drop, but diesel prices will rise
3rd July 2023 By: Darren Parker

The price of 93 unleaded petroleum (ULP) and leaded replacement petrol (LRP) will drop by 24 c/ℓ on July 5, while 95 ULP and LRP will come down by 17 c/ℓ, according to a statement issued by Mineral... 


Chieta CEO Yershen Pillay and EWSETA CEO Mpho Mookapele
EWSETA, Chieta collaborate to advance women, youth in the green hydrogen economy
3rd July 2023 By: Cameron Mackay

Education and skills development initiatives the Energy and Water Sector Education and Training Authority (EWSETA) and the Chemical Industries Education and Training Authority (Chieta) on June 30... 


Tribunal dismisses price fixing cartel case against five LPG firms
30th June 2023 By: Tasneem Bulbulia

The Competition Tribunal has dismissed a case of alleged price fixing against five liquefied petroleum gas (LPG) firms accused by the Competition Commission of having contravened Section 4(1)(b)(i)... 


Renergen secures $500m loan for Phase 2 of Virginia gas project
26th June 2023 By: Simone Liedtke

Green energy supplier Renergen has marked another significant milestone for Phase 2 of its Virginia gas project, through the completion of a notification process by the US International Development... 


Solar panels
Renewables growth did not dent fossil fuel dominance in 2022, report says
26th June 2023 By: Reuters

Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry's Statistical Review of... 


Natural gas presents clean, reliable low-carbon energy for Africa's development
23rd June 2023 By: Schalk Burger

Natural gas can provide Africa with a means of dramatically increasing the amount of energy available on the continent with significantly lower levels of greenhouse-gas emissions and pollution than... 


Growth in global oil demand set to slow significantly by 2028, report shows
14th June 2023 By: Tasneem Bulbulia

Growth in the world’s demand for oil is set to slow in the coming years, with the high prices and security of supply concerns highlighted by the global energy crisis hastening the shift towards... 


Renergen CEO Stefano Marani
Renergen’s shares rise on Phase 2 funding deal
7th June 2023 By: Creamer Media Reporter

Natural gas and helium producer Renergen’s JSE-listed share price rose by more than 11% on June 7 after the company announced progress in securing funds for the construction of Phase 2 of its... 


Coega
Coega reports significant progress on oil tank project
6th June 2023 By: Darren Parker

The Coega Development Corporation (CDC) says significant progress has been achieved on carbon black supplier Orion Engineered Carbon's (OEC's) oil tank project. Carbon black has numerous industrial... 


Two aircrafts close to one another preparing to refuel
New breakthrough for defence company
26th May 2023

Defence and manufacturing company Airbus Defence and Space and its wholly-owned subsidiary Airbus UpNext, have achieved in-flight autonomous guidance and control of a drone using an A310 MRTT. In... 


Magazine Cover image
Property owners view rapid solar roll-out as key to navigating loadshedding crisis
26th May 2023 By: Tasneem Bulbulia

As the energy crisis in the country incrementally worsens, the ramifications are considerable for property owners, who are having to resort to various options to limit the impact of prolonged... 


Rare shipment of US oil heads to South Africa for Glencore refinery
22nd May 2023 By: Reuters

A shipment of US oil is headed to South Africa for the first time in two years and destined for a Glencore-owned refinery in Cape Town that has restarted operations after an explosion shuttered it... 


IGUA-SA welcomes interdict ordering Sasol Gas not to increase prices for six months
19th May 2023 By: Schalk Burger

Industry association the Industrial Gas Users of South Africa (IGUA-SA) has welcomed the Competition Tribunal's order that energy and chemicals company Sasol be interdicted from increasing its... 


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Magazine round up | 13 December 2024
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