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Uncertain when Milnerton oil refinery will come back on stream ­ 

By: Martin Creamer     11th August 2020 Astron Energy’s oil refinery in Cape Town, where a fire broke out last month killing two people and injuring seven others, remains closed while a full investigation into the incident is carried out. The former Chevron 100 000 bbl/d Milnerton refinery – which with the Caltex brand now fall under... 

Gas to assist in Covid recovery - report

By: Esmarie Iannucci     10th August 2020 – The global gas industry is expected to play a ‘vital role’ in economic recovery post Covid-19, and in a cleaner energy future, a new report by the International Gas Union (IGU) has found. In its Global Gas Report 2020, the IGU noted that after growing by more than 2% in 2019, global gas use is... 

The importance of using the correct SEIFSA Price and Index Pages indices in your Contract Price Adjustment

6th August 2020 In order for any business to remain sustainable, it is important to keep track of price escalation trends.  Companies supplying products to buying institutions have to monitor price escalation trends in order to ensure that they are adequately compensated for any price increases and understand... 

New Coupling to meet LPG Tanker Standard

31st July 2020 As per a Bulletin issued by the Liquefied Petroleum Gas Safety Association of Southern Africa (LPGSASA) and further legislated by the Department of Employment and Labour, Cam-and-Groove type Couplings are no longer permitted for use in gas tanker applications and should be replaced with a... 

Occidental discusses $4.5bn asset sale to Pertamina

By: Bloomberg     30th July 2020 Occidental Petroleum Corp is in talks about a potential sale of energy assets in Africa and the Middle East to Indonesia’s state-owned PT Pertamina, people with knowledge of the matter said. Pertamina is negotiating the acquisition of oil and gas stakes in countries including Ghana and the United... 

DBSA confirms financing of $120m for giant Mozambique LNG project

By: Terence Creamer     21st July 2020 South Africa’s State-owned Development Bank of Southern Africa (DBSA) has confirmed financing of $120-million for the $20-billion-plus liquefied natural gas (LNG) project being developed by a Total-led consortium in northern Mozambique. On July 17, Total announced the signing of a $14.9-billion... 

Platinum gets new lease in WA

By: Esmarie Iannucci     13th July 2020 Research done at Curtin University has developed a new method to extract platinum metal from ore, delivering an economically viable processing method for the Panton Sill platinum group metal (PGM) deposit, in Western Australia. The state government through the Minerals Research Institute of... 

IEA warns oil demand recovery at risk from virus resurgence

By: Bloomberg     10th July 2020 The International Energy Agency bolstered its outlook for global oil demand, but warned that the recovery could be derailed by the resurgence of coronavirus. A collapse in fuel consumption during the second quarter was slightly less severe than previously estimated, and demand should rebound... 

WA amends mining regulations to ease Covid constraints

By: Esmarie Iannucci     6th July 2020 The Western Australian state government has amended the state’s mining regulations to assist tenement holders to apply for expenditure exemption amid the Covid-19 pandemic. Under the revised regulations, tenement holders could now apply for expenditure exemptions if they are able to demonstrate... 

Australian gas prices among lowest in Asia

3rd July 2020 New data by the International Gas Union (IGU) has shown that Australia’s average natural gas prices remained among the lowest in Asia. In its 2020 Wholesale Gas Price Survey, IGU showed that average wholesale gas price in Australia last year was around 40% less than the average wholesale price... 

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