1. Articles in category: Fuels & Lubricants

    1-24 of 106 // 1 2 3 4 5 »
    1. Chevron lays out its fears over plans for oil-storage terminal

      Explore BDlive (Nov 25 2014)

      Chevron lays out its fears over plans for oil-storage terminal

      CHEVRON SA has warned that should the building of a Cape Town harbour oil-storage terminal go ahead, this would eventually mean the shutdown of its Western Cape refinery and lead to the loss of thousands of direct and indirect jobs.

      On Tuesday, the National Energy Regulator of SA (Nersa) held public hearings into whether Burgan Cape Terminals should be allowed to operate a vendor-neutral facility in the Cape Town harbour.

      Burgan Cape Terminals is 70% owned by Dutch-based fuel-storage operator VTTI, with black economic empowerment partners Thebe Investment Corporation and Jicaro each holding a 15% stake.

      (Read Full Article)

      Mentions:   India   Asia   Cape Town

    2. Oil tumbles amid supply speculation

      Explore iol.co.za (Nov 11 2014)

      Oil tumbles amid supply speculation

      Oil prices fell in subdued Asian trade on Wednesday after speculation about the dim prospects for an Opec oil production cut.

      (Read Full Article)

      Mentions:   Opec   Saudi Arabia   Singapore

    3. Oil falls to fresh four-year low on supply glut

      Explore iol.co.za (Nov 5 2014)

      Oil falls to fresh four-year low on supply glut

      Brent oil dropped to a new four-year low below $82 (R914) a barrel, a fifth straight day of losses, as weak economic data from top energy consumer China intensified worries about demand as a global supply glut grows.

      (Read Full Article)

      Mentions:   Reuters   London   Atlantic

    4. Sasol warns on outlook for ‘unprofitable’ polymer unit

      Explore BDlive (Oct 27 2014)

      Sasol warns on outlook for ‘unprofitable’ polymer unit

      SASOL’s polymer business is unprofitable — hence it is uncertain if it would make the investments necessary to modernise, says the petrochemical giant’s senior vice-president for strategic projects Norbert Behrens.

      Mr Behrens and his colleagues were on Friday called before Parliament’s trade and industry committee to explain the pricing policy that Sasol used for its polymer products. This is a sensitive issue in the light of the decision by the Competition Tribunal to fine Sasol Chemical Industries R534m for the excessive pricing of its propylene and polypropylene products.

      (Read Full Article)

      Mentions:   Parliament   Sasol   Rob Davies

    5. PetroSA posts R1.65bn net loss

      Explore fin24.com (Oct 21 2014)

      PetroSA posts R1.65bn net loss

      PetroSA recorded an overall net loss of R1.65bn in the 2013/14 financial year, the company said on Tuesday.

      While the company made an operating profit of R2.2bn, this was against the R3.4bn impairment charge against PetroSA's onshore and offshore assets, spokesperson Thabo Mabaso said in a statement.

      "This is the result of a volatile economic environment, creep in project costs and delays in the feedstock drilling programme (Project Ikhwezi)."  Impairment is the reduction in a company's stated capital.

      Nosizwe Nokwe-Macamo, PetroSA group CEO, said the company had a trying year with the main focus ...

      (Read Full Article)

      Mentions:   Johannesburg   Post Office   Thabo Mabaso

    6. M&R sees oil, gas and energy diversification by 2020

      Explore BDlive (Aug 28 2014)

      M&R sees oil, gas and energy diversification by 2020

      CONSTRUCTION group Murray & Roberts (M&R) believes that by 2020 it will have established its oil, gas and energy services, CEO Henry Laas said on the release of full-year results to June on Wednesday.

      Group revenue of R36bn was slightly up from R34.2bn in the year to June last year. Diluted earnings per share rose 25% to 305c. A dividend of 50c per share was declared. None was declared in the comparable period.

      However, the order book shrank from R46.1bn to R40.9bn.

      (Read Full Article)

      Mentions:   Australia   Eskom

    7. Veeder-Root Acquires FuelQuest, Inc.

      Explore PR Newswire (Aug 26 2014)

      Veeder-Root Acquires FuelQuest, Inc.

      The Veeder-Root Company has acquired FuelQuest, Inc. Located in Houston, Texas, FuelQuest is the recognized Software as a Service (SaaS) provider for retail and commercial fueling logistics applications. With over 15 years of experience in logistics software development and analytics, FuelQuest will combine with Veeder-Root's Insite360 Fuel business to provide a best in class, end-to-end solution for controlling wet stock from rack to nozzle.

      The acquisition demonstrates Veeder-Root's commitment to supporting retail and commercial fueling customers' desire for increased control of their fuel purchases, deliveries, variance, flow, compliance and managed maintenance needs.

      (Read Full Article)

      Mentions:   Texas

    8. SA urged to import natural gas ahead of local gas finds

      Explore Engineering News (Aug 26 2014)

      SA urged to import natural gas ahead of local gas finds

      South African Oil and Gas Alliance CEO Ebrahim Takolia has argued that South Africa should first increase the size and distribution network of the local gas market.

      (Read Full Article)

      Mentions:   Africa   South Africa   Nigeria

    9. Sasol willing to pay more to favour local suppliers in Mozambique

      Explore supplymanagement.com (Aug 6 2014)

      Sasol willing to pay more to favour local suppliers in Mozambique

      Oil firm Sasol is working to increase the number of local firms in its Mozambican supply chain, a conference was told. Benjamim Cavel, local content manager for Sasol in Mozambique, said the company had to “lead by example” and it was working with local suppliers to bring them up to the level where they can compete with multinationals.

       

      (Read Full Article)

      Mentions:   Mozambique   Sasol

    10. New market inquiry aims to free up gas supply in SA

      Explore BDlive (Jul 13 2014)

      New market inquiry aims to free up gas supply in SA

      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)

      Mentions:   South Africa   Nigeria   Johannesburg

    11. Afrox signs R55m LPG supply deal with Sun Intl

      Explore Engineering News (May 28 2014)

      Afrox signs R55m LPG supply deal with Sun Intl

      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)

      Mentions:   South Africa

    12. Liquefied natural gas terminals ‘the best bet for SA’

      Explore BDlive (May 22 2014)

      Liquefied natural gas terminals ‘the best bet for SA’

      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)

      Mentions:   South Africa   Shell

    13. Carbon Offsets Paper published for public comment

      Explore Engineering News (Apr 29 2014)

      Carbon Offsets Paper published for public comment

      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)

      Mentions:   South Africa   National Treasury

    14. BSR Launches Sustainable Trucking Guide for Supply Chain Managers

      Explore Supply Chain Management Review (Apr 29 2014)

      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)

    15. Ghana to process gas June 2014Ghana Gac

      Explore ghanaweb.com (Mar 20 2014)

      Ghana to process gas June 2014Ghana Gac

      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)

      Mentions:   Ghana

    16. Seeking answers to energy trilemma

      Explore iol.co.za (Mar 10 2014)

      Seeking answers to energy trilemma

      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.

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      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)

      Mentions:   India   Africa   South Africa

    17. Strong focus on electricity supply, access negatively affecting climate

      Explore Polity.org.za (Mar 4 2014)

      Strong focus on electricity supply, access negatively affecting climate

      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)

      Mentions:   London   South Africa   Johannesburg

    18. Offshore exploration rejected

      Explore iol.co.za (Feb 20 2014)

      Offshore exploration rejected

      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)

    19. Shell to cut spending and step up disposals

      Explore BDlive (Jan 30 2014)

      Shell to cut spending and step up disposals

      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)

      Mentions:   America   Reuters   Australia

    20. First Solar unveils diesel-replacement strategy for African mines

      Explore MiningWeekly.com (Jan 24 2014)

      First Solar unveils diesel-replacement strategy for African mines

      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)

      Mentions:   Australia   Texas   Walmart

    21. Fuel Volatility a Given for 2014

      Explore Supply Chain Management Review (Jan 13 2014)

      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)

      Mentions:   Russia   Iraq   Iran

    22. Africa: Instability Drives Up Oil Price

      Explore allAfrica.com (Dec 27 2013)

      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)

      Mentions:   Africa   Nigeria   Angola

    23. Transnet awards landmark R15.5bn fuel contract to 9 black, women-owned firms

      Explore Polity.org.za (Dec 5 2013)

      Transnet awards landmark R15.5bn fuel contract to 9 black, women-owned firms

      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)

      Mentions:   Shell   Transnet   Sasol

    24. Major fuel infrastructure on the cards despite delays to SA’s 20-year road map

      Explore Polity.org.za (Nov 15 2013)

      Major fuel infrastructure on the cards despite delays to SA’s 20-year road map

      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)

      Mentions:   South Africa   Netherlands   Johannesburg

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