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Location a key discussion point as Saudi Aramco mulls South African refinery investment

By: Terence Creamer     18th January 2019 “Location, location, location,” South Africa’s Minister Jeff Radebe quipped on Friday after a meeting with his Saudi counterpart, Khalid Al-Falih, where it was agreed that Saudi Aramco and the Central Energy Fund (CEF) would jointly study a plan for a new oil refinery and petrochemical investment... 

Hydrogen leap needed to aid platinum’s future 

By: Martin Creamer     11th January 2019 A South African decision to step firmly into the hydrogen age, like so many other countries are doing, has great potential benefit for the country. Because South Africa has better combined solar and wind resources than just about any other country, it is well positioned to generate hydrogen using... 

On-The-Air (26/10/2018) 

By: Martin Creamer     26th October 2018 South Africa is ahead of the world in the new race to develop innovative ‘power fuels’ that prevent climate change. An Australian company is selling its four big South African coal mines in Mpumalanga to new black owners. The Mandela Mining Precinct this week took its first steps towards the... 

Radebe sees energy contributing $25bn to South Africa’s $100bn investment target

By: Terence Creamer     16th May 2018 Energy Minister Jeff Radebe says one-quarter, or $25-billion, of South Africa's newly announced five-year investment target of $100-billion could be met through investments in new energy projects, including a possible new greenfield crude oil refinery and a gas pipeline linking South Africa to... 

Conference cornerstone of geophysics industry

By: Nadine James     20th October 2017 The fifteenth biennial South African Geophysical Association (SAGA) conference and exhibition has become a cornerstone of the geophysics industry within the African region, says SAGA conference committee chairperson Reece van Buren. “No other event caters for our science quite like this one and... 

PetroSA upbeat about gas exploration

By: Kim Cloete     12th September 2017 Despite a slowdown in exploration and an underinvested industry, South Africa still holds great prospects for exploration in gas, believes PetroSA chief geophysicist Peter Dekker. He told delegates at the South African Geophysical Association (Saga) conference, in Somerset West, that there were... 

Kubayi refutes CEF board suspension report 

By: Creamer Media Reporter      1st August 2017 Energy Minister Mmamoloko Kubayi on Tuesday refuted a media report stating that she had suspended the Central Energy Fund (CEF) board. The Minister confirmed, however, that board members had been handed letters in July 26 requesting “an explanation on concerns”. No details were provided, however,... 

If Koko returns, it won’t be as acting CEO, Brown avers, as she unveils interim board

By: Terence Creamer     23rd June 2017 Public Enterprises Minister Lynne Brown has called on the new interim leadership of embattled power utility Eskom to give priority attention to addressing the management of contracts, conflicts of interest and the quality of coal being supplied to its power stations. Speaking following the Eskom... 

Operation Phakisa pushes for improved capability in subsurface research

By: Ilan Solomons     2nd June 2017 Operation Phakisa’s oil and gas group has identified the need to develop localised capability in this sphere and consequently tasked the D2 working group with initiatives aimed at developing South African capability in subsurface research and data gathering, says national exploration regulator... 

Bleeding at South Africa’s State-owned oil company continues, MPs told 

By: African News Agency      14th March 2017 State-owned oil company PetroSA is set to suffer a projected devaluation of assets of R1.1-billion this financial year in addition to the R14.5-billion impairment it suffered in the 2014/15 financial year, MPs heard on Tuesday. Briefing parliament’s portfolio committee on energy, PetroSA board... 

New African owners of Ibhubesi gas prospect aim to settle Ankerlig supply deal in 2017

By: Terence Creamer     15th December 2016 The new African owners of the Ibhubesi Gas Project (IGP), off South Africa’s West Coast, report that negotiations with Eskom for the supply of gas to the Ankerlig power station are ongoing, with the conclusion of a gas supply agreement (GSA) targeted for the second quarter of 2017. The project... 

Sunbird announces transaction to sell assets to South African consortium

By: Esmarie Iannucci     18th April 2016 South Africa-focused Sunbird Energy has signed a conditional agreement with a South African consortium to divest of its noncash assets for A$8.5-million. The assets include a 74% interest in the Mopane, Springbok Flats and Springbok Flats West coal-bed methane projects, as well as its 76%... 

Sunbird eyes supplying Eskom power station 

By: News24Wire      20th October 2015 Gas explorer and developer Sunbird Energy is proposing additional components to its Ibhubesi Gas Project as it looks to supply indigenous gas to Eskom’s Ankerlig power station in the Western Cape, according to a recent draft environmental impact report on the project. The Ibhubesi Gas Field,... 

PetroSA says it remains a ‘going concern’ despite R14.6bn loss 

By: Terence Creamer     15th October 2015 South Africa’s embattled national oil company PetroSA, which recorded a whopping net operating loss of R14.6-billion in 2014/15, insisted on Thursday that it remained a “going concern”, while unveiling a turnaround strategy designed to secure its long-term viability and financial sustainability.... 

ANC says transparency, affordability must guide South Africa’s electricity-mix choices 

By: Terence Creamer     12th October 2015 The governing African National Congress (ANC) has emphasised the need for transparency and affordability when determining the “optimal energy mix” for South Africa, while also underlining the importance of economic and environmental sustainability. Delegates to the National General Council (NGC)... 

Company provides valves retrofitting solutions

By: Bruce Montiea     7th August 2015 Major oil and gas companies,  such as Chevron,Total, Engen, PetroSA and BP, are benefiting from valve actuator company DEMCA Actuation Solutions’ valve retrofitting service, the company says. DEMCA sales manager Ross McAslan says a thorough knowledge of the electric actuator market and... 

‘Mostly rand-denominated’ Ibhubesi-to-Ankerlig gas deal expected to be sealed in 2015 

By: Terence Creamer     19th March 2015 State-owned electricity utility Eskom has confirmed that it will enter into commercial negotiations with Sunbird Energy and PetroSA for the supply of indigenous natural gas from the Ibhubesi field, off South Africa’s west coast, to the diesel-sapping Ankerlig power station, 400 km to the south in... 

IPP Office to issue gas RFI in March, aims to release tender before year-end 

By: Terence Creamer     20th February 2015 The South African government's Independent Power Producer (IPP) Office will release a request for information (RFI) in March for possible domestic gas-to-power projects, as a precursor to a possible 3 000 MW tender that should arise before year-end. IPP Office head Karen Breytenbach indicated on... 

Diminishing gas continues to stifle PetroSA’s GTL output 

By: Terence Creamer     21st October 2014 South Africa’s national oil company PetroSA produced 14% less refined product in 2013/14 than budgeted, owing to diminishing gas feedstock. The State-owned group also warned that that inadequate feedstock would remain a constraint on its future performance. The company produces 5.8-million... 

Buying local will save valves industry, says manufacturing body

8th August 2014 Engineering and mining companies, as well as State-owned entities and local municipalities, need to buy more locally manufactured valves if the industry is to continue surviving, says manufacturing body the Valve and Actuator Manufacturing Cluster of South Africa (Vamcosa) champion Greg Walker.... 

UK company acquires SA valves supplier

8th August 2014 As part of its R350-million investment programme aimed at establishing a significant presence in the African oil and gas sector, mechanical engineering group EnerMech has acquired Cape Town-based control valves supplier Control Valve Technology (CVT). CVT services, refurbishes and sells control... 

Anadarko seeks clarity on SA’s new oil and gas regime 

By: Terence Creamer     2nd May 2014 American oil and gas exploration and development company Anadarko, which confirmed a halt to its exploration spending in South Africa as a result of legislative uncertainties, says it will work with the South African government to gain clarity on its new petroleum legislation. During the last... 

Oil and gas sector in need of skills, heightens call for legislative clarity

By: Natalie Greve     24th February 2014 While the sub-Saharan Africa enclave remains one of the fastest growing and largest potential oil and gas regions in the world, the most notable challenge facing the sector is the lack of skills and an ageing generation of oil and gas professionals, said the South African Oil and Gas Alliance... 

Sunbird's Ibhubesi licence transfer approved 

By: Esmarie Iannucci     9th October 2013 The South African government has approved the transfer of an offshore licence, which includes the Ibhubesi gas project, to ASX-listed Sunbird Energy. The approval allows Sunbird to acquire a 76% interest in the production licence from Forest Oil and Anschutz Corporation. South Africa’s national... 

Australian gas developer to make investment call on Ibhubesi by early 2015 

By: Terence Creamer     23rd August 2013 Gas exploration and development company Sunbird Energy, of Australia, expects to make a final investment decision in early 2015 on the development of the Ibhubesi gas project, off South Africa’s West Coast. Located 380 km north of Cape Town and 105 km offshore, the initial phase of the project... 

PetroSA unveils new geoscience facility

By: Natasha Odendaal     16th August 2013 National oil company (NOC) PetroSA on Friday unveiled its R15-million geoscience collaboration, visualisation and technology facility, which is aimed at bolstering the NOC’s upstream asset team’s search for, and development of, oil and gas prospects. The Ulwazi Collaboration and Visualisation... 

Cape Town to host oil refiners conference this month

8th March 2013 Against the backdrop of the African oil refining industry’s continent-wide realisation that fuel supply has the potential to directly constrain or optimise rapid economic growth, the African Refiners Association (ARA) will hold its seventh yearly conference, in Cape Town, from March 18 to 22. The... 

Creamer Media publishes Liquid Fuels 2012: A review of South Africa's liquid fuels sector report

10th September 2012 Demand for liquid fuel products in South Africa currently exceeds the country’s ability to manufacture such products. While the shortfall is generally met through imported refined fuel, the country has experienced localised incidents of liquid fuel shortages. In recent times, these shortages have... 

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