Latest News & Developments
oil and gas upstream activities
TotalEnergies withdraws from two South African gas fields
TotalEnergies said the gas fields could not be turned into a commercial development as it appeared to be too challenging to economically develop and monetise for the South African market.
World oil demand grows amid Red Sea shipping disruptions: IEA
The global oil demand is expected to rise sharply as the supply routed through the Red Sea has come under attack by Yemen’s Huthi Rebels who are protesting the Israel-Palestine war.
Denmark closes Nord Stream sabotage probe: police
Danish investigators announced that the Nord Stream pipeline explosion was an intentional act but said there was no need to pursue a criminal investigation.
Oil prices rise on Red Sea conflict escalation
Oil prices climbed on Friday after US and UK forces launched strikes against Iran-backed Houthi rebels, while global stocks were mixed following the kick-off of corporate earnings season.
Southern Africa to benefit from big oil and gas deposits in Namibia
“Massive” offshore oil and gas discoveries in Namibia over the past two years would be important for South Africa, the region and for the continent, Mineral Resources and Energy Minister Gwede Mantashe said yesterday.
WATCH: Latest update on gas explosion in Joburg city
A gas explosion impacted approximately five blocks of Bree Street in the Johannesburg CBD, resulting in massive damage to the city’s roads and infrastructure and leaving many people shaken last week.
Education fund launched for African students in the energy sector
The AEC Energy Education Fund 2023 will award eight exceptional students, with special consideration given to female students. To be eligible for the award, applicants must under 35 years old and enrolled in undergraduate/postgraduate level studies in any oil, gas or energy-related field.
Disrupting oil flows but failing to slash Russia’s earnings
OPINION: Under the G7's policy, which was joined by Australia and the EU, tankers carrying Russian crude oil are barred from getting Western maritime insurance unless the oil is sold below the G7’s price cap, writes Ekaterina Blinova.
State-owned company starts oil drilling at field in northern Nigeria
Nigeria's state-owned NNPC Ltd on Tuesday started drilling for oil and gas at a field in northern Nigeria that has reserves of 1 billion barrels, as the country seeks to produce crude outside the Niger Delta for the first time.
Historical win for Mozambique as it exports liquefied natural gas for the first time
Mozambican President Filipe Nyusi announced Sunday the start of the export of Liquefied Natural Gas in Mozambique, as the oil tanker British Sponsor has already left Mozambican territorial waters carrying the first cargo of LNG produced by the Coral South Floating Liquefied Natural Gas project in the north of the country.
SA faces risk of fuel shedding, warns liquified fuels body
The security of supply to non-urban areas is of concern.
Biden vows consequences for Saudi Arabia over oil cut
President Joe Biden pledged on Tuesday there will be consequences for U. S. relations with Saudi Arabia after OPEC announced last week that it would cut its oil production target over U. S. objections.
EXPLAINER: Untangling the crisis in Libya
Libya's worst fighting for two years suddenly hit the capital, Tripoli, on Saturday. A UN- backed agreement led to a new internationally recognised government in Tripoli, but eastern factions spurned the deal and Haftar's Libyan National Army attacked the capital in 2019.
SADC to develop natural resources to create jobs and fight poverty
SADC says it is open for business.
WATCH: Recycling used oil essential to environmental sustainability
From large industries to individual backyard mechanics, generators of used oil have a legal duty to store and recycle used oil responsibly, to protect the environment in South Africa.
Removing Russian oil from market would raise prices to over $300/barrel
Removing Russian oil from the market would make energy prices skyrocket to over $300 per barrel of oil, Russia's deputy Prime Minister Aleksandr Novak has said, adding that Russia is not dependent on the West and can ’reroute’ its supplies elsewhere.