Sasol earnings to rise
Sasol shareholders should expect better times ahead, with the company forecasting an improvement in earnings per share of at least 20%.
South Africa
Engen to convert Durban refinery to terminal
Engen has set out plans to convert its Durban refinery to a storage terminal, with the processing facility no longer economic to run.
Seapulse eyes first well as Azinam completes deal
Azinam South Africa has completed its purchase of a 50% stake in South Africa’s Block 2B, expecting to drill a well this year.
Sasol launches largest ever renewable energy tender
Sasol is seeking suppliers to provide it with renewable energy at its South African operations.
SADC talks terrorism in Mozambique summit
The Southern African Development Community (SADC) held an emergency meeting today in Maputo to discuss terrorism in Mozambique.
SAS arrives in northern Mozambique
Foreign military support is growing in Mozambique’s northern Cabo Delgado Province following the attack on Palma but it is clear that the LNG plans have suffered a major setback.
Anglo American signs up to Platinum Valley hydrogen plan
Anglo American will work with Engie and Bambili Energy on a hydrogen feasibility study in South Africa’s Bushveld area.
Expats killed in Mozambique attack
The terrorist attack on Palma on March 24 has led to the deaths of a number of people and expatriate workers.
iMbokodo to rock South Africa’s upstream
iMbokodo Exploration and Production is a South African company with a difference, it is led by women and has the cash to back up its aspirations.
Racism allegations drive Eskom to probe CEO
Eskom has launched an investigation into accusations of racism made against the CEO André de Ruyter.
Time running out to finance African gas projects
Policies intended to tackle climate change are “closing doors on opportunities to allow poorer nations” to secure energy access, Renergen CEO Stefano Marani has said.
Kosmos plans spending boost in 2021
Kosmos Energy expects its capital expenditure to reach $575-625 million this year, driven largely by its work with BP offshore Mauritania and Senegal.
Sasol approves Mozambique scheme, cuts debt
South Africa’s Sasol has made progress in righting its progress, putting it on the right direction for a greener, cleaner future.
Kinetiko completes Amersfoort workovers
Kinetiko Energy has completed two well workovers in South Africa, where it aims to distribute CNG in the Johannesburg region.
Glencore writes down African oil works
Glencore has taken an impairment of $6.39 billion for 2020, including $1.15bn in African oil operations.
Ramaphosa flags progress on energy sector liberalisation
South Africa will issue two renewable energy bid windows this year, one in “the coming weeks”, South African President Cyril Ramaphosa has said.
Eskom wastes millions on failed housing plan at Kusile
The South African government plans to investigation “fruitless and wasteful” spending by Eskom on accommodation at the Kusile power plant.
Carbon tax failing to tackle South African emissions
South Africa’s carbon tax fails to provide a sufficient deterrent to emitters, PwC has said in a recent report.
Committee to visit Engen accident site
A South African committee will visit the Engen refinery this week, during a visit to KwaZulu-Natal.
Saipem signs up to Renergen phase 2 study
Renergen has signed up Saipem, EPCM Holdings and Sproule for the second phase of the Virginia gas project, in South Africa’s Free State.
Ramaphosa under fire for power plans
South African President Cyril Ramaphosa has taken the topic of domestic energy reform to Davos, although domestic criticism persists.
GlobalData questions South Africa’s gas development
Discoveries offshore South Africa have “no clear route to commercialisation”, according to GlobalData.
Tighter times for African carbon amid capital pressure
The next 10 years will be critical in determining Africa’s power path – and just how much more carbon the next billion people will emit.
Sasol sells CTRG to Azura Power
Sasol has agreed to sell its entire stake in Mozambique’s Central Termica de Ressano Garcia (CTRG) to Azura Power.
Exxon, Vopak consider LNG plans for South Africa
ExxonMobil and Royal Vopak have signed a memorandum of understanding (MoU) on a potential LNG regasification terminal in South Africa.