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Articles in category: Fuels & Lubricants
THE Competition Commission is studying ways to improve competitiveness in the market for liquefied petroleum gas (LPG), which it says could become an affordable alternative energy source for households.
LPG, a by-product of the oil-refinery process, is mainly used for heating and cooking.
Only about 3% of households use LPG as their main energy source for cooking, according to statistics from the Department of Energy.
“The demand for LPG seems to be growing as more users diversify their energy mix in response to, among others, the power shortfalls and the increasing electricity price,” said the commission(Read Full Article)
Gas provider Afrox has signed a five-year, R55-million contract to supply bulk and cylinder liquefied petroleum gas (LPG) to South African hotel chain, Sun International. Afrox MD Brett Kimber said on Wednesday that securing the “major” agreement against strong competition could be attributed to the group’s national footprint and ability to access product, be it from local refineries or by importing LPG during periods of shortage.(Read Full Article)
Developing its own natural shale and offshore gas resources will be South Africa’s best long-term energy option, but building liquefied natural gas (LNG) terminals would be the quickest and cheapest way to develop the gas market, according to Shell South Africa Energy’s LNG market access manager John Shoobridge.(Read Full Article)
The National Treasury on Tuesday published the ‘Carbon Offsets Paper’ for public comment, outlining proposals for a carbon offset scheme that would enable businesses to lower their carbon tax liability.(Read Full Article)
BSR recently launched “Transitioning to Low-Carbon Fuel: A Business Guide for Sustainable Trucking in North America.”
According to Edward Cameron, director, partnership and research, the report is designed to help fleet operators and their value chain partners comply with new and future regulations.
“Value chain partners include energy producers, vehicle manufacturers, retailers that place shipments, and investors,” he says. “All want to develop impactful yet practical strategies that will accelerate the transition to low-carbon fuels, improve the sustainability impacts of all fuels, and advance dialogue and understanding about our shared challenges.”
This guide addresses five key challenges that have hindered ...(Read Full Article)
Chief Executive Officer of the Ghana Gas Company, Dr George Sipa Yankey, announced that the first gas from the Jubilee Fields will start to power the Aboadze thermal plant as early as end of June 2014.(Read Full Article)
Africa’s energy sector has long been working to widen energy access to unlock the continent’s vast potential. Energy access remains a critical priority for this dynamic region.
Africa’s energy sector has long been working to widen energy access to unlock the continent’s vast potential. Energy access remains a critical priority for this dynamic region.(Read Full Article)
JOHANNESBURG (miningweekly.com) – At present, countries are so focused on the immediate challenges of energy security and energy access that the environmental impact associated with addressing these challenges is mostly ignored, Mac Consulting principal consultant Dave Collins said on Tuesday.(Read Full Article)
Durban environmental activists have vehemently rejected an application by multi-national energy giant ExxonMobil to explore for oil and gas offshore along the KwaZulu-Natal coastline, citing the company’s poor environmental track record as a major concern.
A major worry is also the effects of seismic surveys on whales and dolphins.
Activists and subsistence fishermen were almost unanimous in their call at a public meeting in Austerville last night to resist ExxonMobil Exploration & Production South Africa Limited’s recent application to the Petroleum Agency South Africa (Pasa) for an exploration right in the so-called “Deepwater Durban Exploration Area” offshore.(Read Full Article)
Anglo-Dutch oil company Royal Dutch Shell plans to sell off assets, cut spending and freeze a controversial Arctic drilling programme in a new focus on returns following a major profit warning. Just a month into his new job as chief executive of the world’s No 3 investor-owned oil company, Ben van Beurden set out plans to make the group much leaner.
"Our overall strategy remains robust, but 2014 will be a year where we are changing emphasis, to improve our returns and cash flow performance," Mr van Beurden said in a statement.(Read Full Article)
Thin-film solar company First Solar is aggressively pursuing build operate and own (BOO) fuel-replacement projects in the global resources sector and is offering miners the prospect of displacing diesel through the use of increasingly cost-competitive solar energy. The Nasdaq-listed group recently appointed an executive with the specific mandate of promoting these hybrid solutions and also confirmed that its $1-billion-strong balance sheet could be leveraged in support of the strategy.(Read Full Article)
Forecasting fuel rates has never been more difficult for shippers, maintains Derik Andreoli, Ph.D.c., a senior analyst at Mercator International LLC and Logistics Management’s popular Oil & Fuel columnist. When planning for 2013 energy fluctuations, logistics managers must keep an eye on several global issues, he says.(Read Full Article)
The price for a barrel of oil rose above 100 dollars Friday amid concerns over instability in Libya and South Sudan, plus a growing U.S. demand for fuel.(Read Full Article)
In its single-largest contract for services or goods to date, freight logistics group Transnet has announced the awarding of a five-year, R15.5-billion fuel supply deal to nine black and women-owned companies.
Following a “rigorous, open and public” bidding process overseen by a committee of the board of directors, Afric Oil, Borutho Gas Supply, Gulfstream Energy, KZN Oils, Mzumbe Oil, NRW Trading & Logistics, Tlhokaina 21, Women Of Africa Fuels & Oils and Yem Yem Petroleum were contracted to service the parastatal’s fuel requirements over the next half-decade.
Speaking at a media briefing on Thursday, Public Enterprises Minister Malusi Gigaba said ...(Read Full Article)
Progress in the drafting of a 20-Year Liquid Fuels Infrastructure Road Map has been sluggish, but the country still appears to be on the cusp of a revival in investment into its liquids fuel infrastructure, with a number of storage and logistics projects beginning to take shape.(Read Full Article)
The launch of the Saldanha Bay industrial development zone (IDZ) by President Jacob Zuma on Thursday signalled a new era for the development of an oil and gas servicing and repair hub in the Western Cape.
The newly established IDZ was strategically located to serve oil and gas vessels operating along the African coastline, as well as provide an opportunity for components manufacturing in support of the oil and gas industry.
In 2012, 5 800 jobs were created in the oil and gas industry and the sector attracted R1.2-billion of investment into the economy, said Western Cape Finance, Economic ...(Read Full Article)
PetroSA, South Africa’s state oil company, is looking for an acquisition target as it pursues a goal of supplying a quarter of the fuel needs in the continent’s largest economy by 2020, from about 5 percent now.
“We’ve got an aspiration to enter into the downstream market by way of an acquisition,” chief executive Nosizwe Nokwe-Macamo told reporters in Johannesburg today at a strategic update presentation by the company.
The state-owned company is considering buying a controlling stake in Engen Petroleum Ltd., the nation’s biggest fuel retailer, from Malaysian state oil producer Petroliam Nasional Bhd., people ...(Read Full Article)
Creamer Media’s 2013 Liquid Fuels electronic research report examines South Africa’s liquid fuels market, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the logistics of transporting liquid fuels and environmental considerations, with a particular focus on cleaner fuels.(Read Full Article)
South Africa's cabinet on Thursday proposed new regulations to govern exploration for shale gas, an important step in opening up an industry that could provide new energy supplies for Africa's largest economy.
South Africa last year lifted a moratorium on shale gas exploration in its Karoo region, where fracking might tap what is believed to be some of the world's biggest reserves of the energy source. The government signaled on Thursday it was keen to start exploiting the resource(Read Full Article)
Aspects of the Gas Amendment Bill relating to pricing were some of the main concerns raised during the Department of Energy’s (DoE’s) stakeholder consultation process, DoE chief director of hydrocarbons policy Muzi Mkhize pointed out on Tuesday at a final stakeholder workshop. The workshop, held in Pretoria, aimed to discuss and finalise the comments and inputs submitted, based on workshops held across South Africa during May and June, after the Bill was approved for public comment in May.(Read Full Article)
Maintenance Services Gain Importance Amid Surging Global Demand for Refined Fuels
Refinery maintenance is often overlooked due to high costs, shutdown time and the resultant loss of production. The growing global demand of processed fuels has increased the significance of refinery maintenance unprecedentedly. This research service deals with the steadily growing turnaround maintenance market in refineries. The study analyses the historic and futuristic scenarios of the industry, from 2009 to 2017.
..(Read Full Article)
There is unprecedented interest in oil and gas exploration off South Africa’s coast, with 20 companies – including heavyweights such as Shell, Anadarko, ExxonMobil and Total – involved in exploration, Petroleum Agency SA said yesterday. Will Barker, managing director of Sunbird Energy, an Australian oil and gas firm, told a meeting of the Cape Chamber of Commerce that the company was investing in South Africa because gas would play an increasingly important role in the country’s energy mix.(Read Full Article)
PetroSA unveiled South Africa’s first geoscience collaboration, visualisation and technology facility on Friday. It will keep the national oil company updated in real time on progress in drilling operations. The technology updates the drilling progress every 20 seconds, telling the company’s multi-disciplinary team of professionals sitting at its Cape Town head office about the rate of penetration and revealing any discoveries the minute they are found. With its advanced surface reading capability, the technology shows which areas in the exploration block are more likely to have oil and gas deposits.
BP has sued the United States government over a decision to bar the oil giant from getting new federal contracts to supply fuel. Houston - BP on Monday sued the United States government over a decision to bar the oil giant from getting new federal contracts to supply fuel and other services after the company pleaded guilty to manslaughter and other criminal charges related to the 2010 Gulf of Mexico oil spill.(Read Full Article)