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Oil & Gas

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... 


An image of PetroSA's gas-to-liquids refinery, in Mossel Bay
PetroSA seeks partner to resume full production at Mossel Bay GTL refinery
18th January 2023 By: Tasneem Bulbulia

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,... 


Kibo CEO and acting chairperson Louis Coetzee
Kibo to produce synthetic oil in addition to syngas
17th January 2023 By: Darren Parker

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... 


Phase 2 of Renergen’s Virginia gas project awarded SIP status
14th December 2022 By: Simone Liedtke

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... 


TNPA issues RFP for Durban LPG terminal operator
13th December 2022 By: Schalk Burger

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... 


TVET colleges critical to seizing the development opportunities of a just transition
9th December 2022 By: Schalk Burger

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... 


TotalEnergies takes next step on South African Production right application
2nd December 2022 By: Bloomberg

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... 


Stefanutti sees opportunities in various sectors, swings to interim profit
24th November 2022 By: Schalk Burger

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... 


TotalEnergies about to submit its application to drill for gas along south coast
24th November 2022 By: News24Wire

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... 


TotalEnergies plans oil exploration off South Africa West Coast
18th November 2022 By: Reuters

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,... 


COP27 draft leaves out pledge to phase down all fossil fuels
17th November 2022 By: Bloomberg

Countries negotiating at the climate summit in Egypt are on track to reject calls for phasing down the use of all fossil fuels, snuffing efforts by India and key developed nations to target oil and... 


Renergen resumes LNG operations following repairs
15th November 2022 By: Simone Liedtke

Emerging helium and natural gas producer Renergen’s liquified natural gas (LNG) plant, in the Free State, resumed operations following repairs to a faulty conduction oil system, which recently... 


Coal is king, insists Mantashe - as Ramaphosa is feted for green plan in Egypt
11th November 2022 By: News24Wire

As world leaders fete President Cyril Ramaphosa for his green agenda in Egypt, his minister of mineral resources and energy insisted this week that coal will continue to play a critical part in... 


Presidential Climate Finance Task Team head Daniel Mminele
Mminele outlines Just Energy Transition Investment Plan implementation vision
10th November 2022 By: Terence Creamer

The International Partners Group (IPG) of France, Germany, the UK, the US and the EU jointly endorsed South Africa’s Just Energy Transition Investment Plan (JET-IP) during the World Leaders Summit... 


Projections for global temperature increase by 2100 above preindustrial levels based on targets and announcements from COP27.
Climate projections again point to dangerous 2.7 °C rise by 2100
10th November 2022 By: Bloomberg

The research partnership Climate Action Tracker (CAT) on Thursday released its latest projections of how greenhouse gas emissions may dangerously raise the global average temperature. The result is... 


African G20 seat to help push rich nations on climate pledges
10th November 2022 By: Bloomberg

The African Union (AU) expects to officially join the Group of 20 (G20) nations this month, providing the continent with another seat at the table with some of the world’s biggest polluters as it... 


Al Gore addressing delegates at COP27
World’s carbon dioxide hotspots pinpointed by Al Gore-backed climate project
9th November 2022 By: Bloomberg

A consortium of dozens of research nonprofits on Wednesday launched a free online platform that details greenhouse gas emissions around the world across 20 economic sectors. Climate Trace, which... 


Sasol CEO Fleetwood Grobler
Sasol says 600 MW renewables deal ‘imminent’ as it moves to cut emissions
3rd November 2022 By: Terence Creamer

JSE-listed group Sasol expects to conclude power purchase agreements for 600 MW of renewable energy “imminently” as it moves ahead with plans to meet a 2030 target of reducing its greenhouse-gas... 


Fitch Solutions says COP26 commitments did not deliver as expected
3rd November 2022 By: Marleny Arnoldi

A year on from the COP26 conference not much has progressed on the climate change-related infrastructure front, mostly owing to the implications of the Ukraine war, a tightening global monetary... 


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