1. Articles in category: Fuels & Lubricants

    1-24 of 116 // 1 2 3 4 5 »
    1. Crude Oil Prices Hit New Low This Week – What it Means for Procurement

      Explore Spend Matters (Mar 17 2015)

      Crude Oil Prices Hit New Low This Week – What it Means for Procurement

      Crude oil prices have been plummeting for months, and on Monday, they hit a low not seen since March 2009. The benchmark U.S. oil price fell to a 6-year low of $42.85 a barrel yesterday. A rising U...

      (Read Full Article)

      Mentions:   Texas   Iran

    2. Crude Oil: Impact, Opportunities and Strategies for Procurement

      Explore Google+ (Feb 2 2015)

      Crude Oil: Impact, Opportunities and Strategies for Procurement

      In a timely new white paper, Crude Oil: Impact, Opportunities and Strategies for Procurement, GEP’s commodity and category experts discuss the impact of lower crude oil prices on procurement and supply chain, and the savings opportunities they offer for enterprises sourcing and procurement teams. http://goo.gl/tZ49N7

      (Read Full Article)

    3. Nampower to start building gas-fired plant

      Explore iol.co.za (Jan 30 2015)

      Nampower to start building gas-fired plant

      Namibia Power Corporation, the state-owned utility planning a $300 million gas-fired electricity plant venture, says construction will start before mid year.

      (Read Full Article)

      Mentions:   The World Bank   Namibia

    4. Saldanha to expand for oil and gas sector

      Explore BDlive (Jan 26 2015)

      Saldanha to expand for oil and gas sector

      After years of talk, the port at Saldanha Bay is set finally to benefit from investment that will allow SA to participate and contribute more meaningfully in the oil and gas sector. The Transnet National Ports Authority (TNPA) on Monday announced infrastructure projects valued at R9.65bn at Saldanha Bay to improve its ability to serve the offshore oil and gas industry.

      (Read Full Article)

      Mentions:   Africa   Jacob Zuma

    5. Folly averted as PetroSA deal folds

      Explore BDlive (Jan 14 2015)

      Folly averted as PetroSA deal folds

      FAR from being a setback for the county, Malaysian oil giant Petronas’s decision to pull the plug on the proposed sale of its controlling stake in Engen to PetroSA is a welcome development.

      As a state-owned enterprise, PetroSA should never have sought to enter the fuel retail business in the first place. And it should not be seeking to expand its operations in the oil refinery and conventional upstream exploration and production sectors either.

      (Read Full Article)

      Mentions:   Malaysia   Sasol   ANC

    6. African airlines struggle to benefit from oil’s fall

      Explore BDlive (Jan 12 2015)

      African airlines struggle to benefit from oil’s fall

      AFRICAN airlines are struggling to realise the benefits of a lower oil price as the positive effect is offset by weakening currencies in SA, Kenya, Nigeria and other economies, according to the International Air Transport Association (Iata).

      Demand for international travel in the region has decreased due to "adverse economic developments" in countries that are oil reliant, such as Nigeria.

      Iata’s forecast data showed combined airline profits were "barely positive" for this year at $200m, which is about $2.51 a passenger.

      (Read Full Article)

      Mentions:   China   US Federal Reserve   Nigeria

    7. No Let-Up In Air Travel Rates

      Explore Procurement Leaders Network (Jan 9 2015)

      No Let-Up In Air Travel Rates

      While the fall in oil prices has eased cost pressure on airlines travel buyers are yet and may not see any reduction in ticket prices, but there is more they can do to ensure they are getting the best deal.

      The collapse of oil prices has eased the considerable pressure that had built up on the world’s airlines over the past few years. Seemingly endless increases sent jet fuel prices spiralling upwards and with them went the cost of fares.

      (Read Full Article)

    8. Commodities conundrum a hard one to puzzle out

      Explore BDlive (Jan 6 2015)

      Commodities conundrum a hard one to puzzle out

      For fiscal policy, the commodity conundrum is a challenge in the short and the long term, writes Hilary Joffe

      (Read Full Article)

      Mentions:   China   Sasol

    9. Increasing oil supply globally likely to extend price declines

      Explore BDlive (Jan 6 2015)

      Increasing oil supply globally likely to extend price declines

      The oil market is set for "more problems" this year as increasing supplies from countries including Russia and Iraq add to the global glut that drove prices almost 50% lower last year, according to Morgan Stanley.Output may increase from fields in West Africa, Latin America, the US and Canada in addition to more exports from Russia and Iraq, offsetting worries of reduced production in Libya, analysts including New York-based Adam Longson said in an e-mailed report on Monday

      (Read Full Article)

      Mentions:   Turkey   Opec   Russia

    10. Cheaper oil means cheap commodities

      Explore iol.co.za (Dec 10 2014)

      Cheaper oil means cheap commodities

      Lower fuel prices are compounding the longest commodity slump in a generation. Because energy accounts for as much as half the cost to produce food and metals, all sorts of commodities will keep dropping, according to Société Générale (SocGen) and Citigroup.

      (Read Full Article)

      Mentions:   Opec   China   Bloomberg

    11. 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

    12. 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

    13. 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

    14. 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

    15. 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

    16. 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

    17. 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

    18. 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

    19. 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

    20. 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

    21. 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

    22. 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

    23. 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

    24. 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)

    1-24 of 116 // 1 2 3 4 5 »