On 2 March 2010, BP announced that the company is pulling out of Namibia, Malawi, Tanzania, Zambia and Botswana.
In January 2010, the Shell Petroleum Development Company (SPDC) of Nigeria Limited agreed to transfer its interest in three production licenses and related equipment in the Niger Delta to a consortium led by two Nigerian companies.
Wednesday, 03 February 2010 15:30

Top five impacts that oil and gas companies face

A new Acclimatise report backed by IBM, titled Global Oil & Gas – The Adaption Challenge has identified the top five impacts of climate change that these companies may face in the future. This report, which is based on the Carbon Disclosure Project’s request for investor information, surveyed 128 of the world’s largest oil and gas companies.
Tuesday, 10 November 2009 13:02

Retaining majority stakes in the LPG business

Reatile Gaz (Pty) Ltd (“Reatile”), a subsidiary of Reatile Resources (Pty) Ltd, has merged its operations with the South African LPG marketing interests of Engen Petroleum Ltd, in a transaction that gives Reatile an established footprint across the key centres within Southern Africa.
Tuesday, 10 November 2009 12:58

Retrofit solutions that make business sense

Founded in 2001, EcoDrive SA and EcoLight Distributors SA were started with the sole goal of looking at ways to reduce energy. In their quest for other energy efficient products, they uncovered a niche market in the retrofit arena whereby existing light fittings are reused, without the need for rewiring or replacing perfectly usable parts.
Wednesday, 16 September 2009 09:41

Investment speculation surrounds Coega refinery

South Africa's Energy Minister Dipuo Peters has said that the country will consider regional investment into its 400 000 barrels-per-day planned refinery at Coega in exchange for supplies of fuel products.

Det Norske Veritas (DNV) has joined forces with Gassco to develop a new acoustic inspection method which allows the internal and external status of gas pipelines to be accurately charac-terised. Measurements can now be made without reducing the gas flow, resulting in both a big improvement in the safety of gas pipelines and substantially redu-cing inspection costs.
Monday, 20 April 2009 08:49

Oryx GTL project in Qatar up and running

The Oryx gas-to-liquids (GTL) venture in Qatar, in which Sasol has a 49% shareholding, has now been operational for more than three months.
Following the widely reported announcement on 28 August, 2006 that the government of Chad had made demands for the Californian-based Chevron Corporation and Malaysia’s Petronas to leave the country after they allegedly failed to pay taxes amounting to US$450-million (ZAR3150-million) President Idriss Deby has now settled the dispute with these companies after they agreed to pay the country more than US$280-million.
Thursday, 16 April 2009 11:00

Natural gas vs fossil fuels

More than 80 percent of the world’s energy consumption depends on fossil fuels. Is there a viable alternative?
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