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Oil & Gas

Eskom's Kusile power plant
Biggest African bank cites energy needs in fossil fuel defense
9th May 2023 By: Bloomberg

Standard Bank Group, Africa’s biggest lender by assets, defended it’s investment in fossil-fuel projects, saying tthe continent’s energy needs have to be balanced with climate concerns. The... 


TotalEnergies signs agreement to develop Kwanza basin blocks 20 and 21 in Angola
3rd May 2023 By: Schalk Burger

The Angolan Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG), Sonangol Pesquisa e Produção and diversified energy subsidiary TotalEnergies EP Angola have signed a heads of agreement... 


An image depicting wooden cubes stacked on top of one another engraved with circular economy symbols
Industry challenges need to be addressed
28th April 2023 By: Sabrina Jardim

The successful establishment of a natural gas economy in South Africa – which has significant gas resources – requires the addressing of associated challenges and the implementation of policies... 


An image depicting the Virginia gas project
Successful project promotes local gas economy
28th April 2023 By: Sabrina Jardim

With Phase 1 of the Virginia gas project – in the Free-State – having been a watershed for South Africa’s gas economy, Phase 2 of the project is expected to catapult South Africa to becoming one of... 


An image depicting a smiling woman, Patience Panashe
Local gas projects support gas economy
28th April 2023 By: Sabrina Jardim

South Africa’s significant natural gas reserves and extensive gas infrastructure exemplify the country’s potential to develop a natural gas industry, says research and strategy firm Birguid senior... 


Patented technology improves sustainability of plant
28th April 2023

Water treatment solutions provider Veolia Water Technologies’ patented solutions for wastewater treatment and biogas production are now in service at dairy company Pınar Süt’s factory in İzmir,... 


South Africa grants permit for offshore oil exploration study
26th April 2023 By: Bloomberg

South Africa granted an environmental permit for exploration activity in the Orange Basin off the nation’s west coast, adding to other work planned offshore. The area, which includes blocks... 


Congo’s landlocked oil lacks options as Total says pipeline full
24th April 2023 By: Bloomberg

The Democratic Republic of Congo’s vision of earning billions of dollars in revenue from dozens of landlocked oil blocks will remain distant without a connection to a lone export route to be... 


Green Connection mulls appeal of TotalEnergies’ approval to drill on southwest coast
21st April 2023 By: Marleny Arnoldi

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... 


Govt gives TotalEnergies green light to search for oil, gas between Cape Town, Agulhas
21st April 2023 By: News24Wire

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... 


Sasol CEO Fleetwood Grobler
Sasol scrambles to run on gas and hydrogen in South Africa
13th April 2023 By: Bloomberg

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... 


Global gas flaring at lowest since 2010 - World Bank
31st March 2023 By: Schalk Burger

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... 


Absa announces net-zero emissions targets for 2050
24th March 2023 By: Schalk Burger

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... 


Oil hits lowest since 2021 on banking fears
20th March 2023 By: Reuters

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... 


An image of Plastic Energy's Seville Plant
Recycling tech mitigates waste
17th March 2023 By: Nadine Ramdass

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... 


handcuffs
Transnet applauds sentencing of fuel thief
16th March 2023 By: Darren Parker

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... 


Oil and gas pipeline
CEF expects newly merged SANPC to be stabilised by this time next year
14th March 2023 By: Marleny Arnoldi

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... 


SFF progresses key oil, gas developments
14th March 2023 By: Marleny Arnoldi

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)... 


African financial institutions will continue to fund fossil fuel projects on the continent
14th March 2023 By: Rebecca Campbell

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... 


Virginia project could yield up to R6.2bn a year in Ebitda, Renergen estimates
8th March 2023 By: Tasneem Bulbulia

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... 


CEO Fleetwood Grobler
Sasol's coal problems continue to undermine output at Secunda
21st February 2023 By: Terence Creamer

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... 


IEA executive director Dr Fatih Birol
IEA warns on continuing high methane gas emissions from the global energy sector
21st February 2023 By: Rebecca Campbell

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... 


An image of an oil tanker
G20 watchdog says commodity market concentration poses threat to wider economy
20th February 2023 By: Reuters

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... 


Civil society organisations petition African leaders to reject gas energy strategy
17th February 2023 By: Darren Parker

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... 


Transnet partners with Vopak for Richards Bay LNG Terminal bid
17th February 2023 By: Tasneem Bulbulia

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... 


African Refiners and Distributors conference to explore downstream opportunities, challenges
14th February 2023 By: Tasneem Bulbulia

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... 


An image showing The Green Connection activists supported by French activists, protesting against TotalEnergies South Africa
South African civil society reiterates opposition to TotalEnergies’ oil, gas expansion plans
13th February 2023 By: Tasneem Bulbulia

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... 


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)... 


India energy firms see growth prospect in Africa, Middle East
7th February 2023 By: Bloomberg

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... 


secunda at night
Sasol’s shares fall as it warns of mixed interim results
7th February 2023 By: Darren Parker

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.... 


PetroSA publishes tender for gas extraction joint ventures
6th February 2023 By: Marleny Arnoldi

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... 


TotalEnergies seeks independent assessment of Mozambique humanitarian situation
6th February 2023 By: Tasneem Bulbulia

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... 


Renergen considering US IPO; provides Phase 2 funding update
31st January 2023 By: Simone Liedtke

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,... 


Congo LNG facility to be developed by Expro for Eni
25th January 2023 By: Darren Parker

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)... 


Wheat
US Treasury reaffirms efforts to stabilise global energy prices, improve food security in Africa
25th January 2023 By: Marleny Arnoldi

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... 


The helium block at the Virginia gas plant
South Africa joins global ranks of liquid helium production thanks to Renergen project
23rd January 2023 By: Simone Liedtke

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... 


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