INDUSTRY NEWS

 
 
 
 
 

INDUSTRY NEWS

SHOW NEWS: All the kit you need in one Cape Town home

‘This has been an incredibly worthwhile show with the right qualified leads to show for it’

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A first-time exhibitor confirms it has already secured several good leads during the first two days of Oil & Gas Africa 2017. Select PPE won an International Trophy for Quality Award tin March, and to Oil & Gas Africa 2017 it brought a range of products including helmets, gloves, safety boots, and ...
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CONFERENCE NEWS: How low oil prices will affect LNG future investment

Chris Bredenhann, Partner and Director at PWC offered a unique insight in the future of the liquid natural gas market

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The import prices, infrastructure and flows into South Africa will change dramatically over the next decade, according to Chris Bredenhann, Partner and Director at PWC, who spoke at today's Oil & Gas Conference.Project final investment decisions (FID) have gone into steep decline over the past six ...
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SHOW NEWS: Why Spilltech is more than just top class spillage solutions

'We find this show to be an important show on our calendar'

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Spilltech promises a cost-effective solution to all you spillage needs but as Nicolas Berndt explains, it really does offer much more.The company is well known for its spill response absorbants and equipment, managing oil seepage and its polypropylene chemical absorbants Bernt, who is the Sales ...
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SHOW NEWS: Ten years of exhibiting 'Marine, Power, Oil & Gas' with Centri Services CC

'The market has been challenging and this platform has been key to ensure we continue our growth and market to the industry'

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Centri Services CC is one of the show's most loyal attendees and it's 10 years since it began exhibiting in Cape Town.Under the maxim 'Original efficiency in an original way' Centri offers centrifugal and separation equipment as well full maintenance and support.We caught up with Keith Williams on ...
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SHOW NEWS: HUNDREDS DESCEND ON CAPE TOWN FOR OUR FIRST DAY

A strong opening for the Cape Town confex with Day 2 promising even more

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(See Day 1 photos below the article)The first day of Oil & Gas Africa 2017 opened yesterday welcoming hundreds of visitors to the expo at the Cape Town International Conference Centre. Exhibitors from across the country and around the world were upbeat as the day progressed with some signing new ...
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SHOW NEWS: Manitou offers decades of experience in all terrain equipment

‘We prove ourselves day after day in the most extreme working conditions typically in the oil and gas environment’

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“I am excited about the exhibition, and I look forward to build on current relationships and look for new business to come out of Oil & Gas Africa,” says National Sales Manager, Andrew Maynard. While hundreds turned up for the opening of the Africa’s largest oil & gas expo, Manitou brings 40 years ...
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Oil & Gas Africa 2017 begins tomorrow in Cape Town

Key industry speakers join midstream and downstream suppliers at the three-day focus for the energy sector in southern Africa from July 11 to 13

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Doors open at 10am on Tuesday (July 11) for Oil & Gas 2017 at the Cape Town International Conference Centre, a two-day conference and three day expo. The conference opens with a keynote address by David van Der Spuy of the Petroleum Agency SA titled ‘Oil and gas as the region’s new economic ...
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EXHIBITOR NEWS: Why concrete is on a roll

Concrete Canvas introduces innovative way of construction for the Oil and Gas industry in Cape Town

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At Oil & Gas Africa 2017, exhibitor Concrete Canvas Ltd will be showcasing Concrete Canvas (CC) and its latest product development, Concrete Canvas Hydro (CCH) which was specifically developed for the petrochemical industry for utilisation in containment, erosion control, and remediation ...
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Top level conference alongside the region’s finest supplier expo make Oil & Gas Africa 2017 a magnet for industry chiefs next week

From Tuesday July 11 to 13, Cape Town hosts one of the most important Oil & Gas sector events on the continent in 2017 with key industry speakers examining the present successes and the future of southern Africa’s energy sector

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Engineers from across Africa arrive in Cape Town next week for the Oil & Gas Africa 2017 Conference, which has also attracted exhibitors from across the world. The conference opens on Tuesday (July 11) with a keynote address by David van Der Spuy of the Petroleum Agency SA titled ‘Oil and gas as ...
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EXHIBITOR NEWS: First civilian drone approved for BVLOS operations in Africa on show in Cape Town

‘Oil & Gas Africa 2017 is a strong opportunity to meet main actors of Oil & Gas industry and to understand how Africa is the future growth market’

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A showcase of the first civilian Unmanned Aerial Vehicle (UAV) in the world to be approved for BVLOS (Beyond Visual Line of Sight) operations—The DT18 at Oil & Gas Africa between July 11 to 13 at Cape Town ICC at Hall 2 Stand B21. The drone has flown more than 150,000 km across the world and can ...
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EXHIBITOR NEWS: Offering a safer environment for the oil & gas sector

“Brady’s products help customers increase safety, security, productivity and performance and include high-performance labels, signs, safety devices, printing systems and software.”

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Safety experts the Brady Corporation is an international manufacturer and marketer of complete solutions that identify and protect people, products and places. Spokesman Tom Van de Putte said: “Brady’s products help customers increase safety, security, productivity and performance and include ...
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EXHIBITOR NEWS: A UK engineering supplier with a strong commitment to Africa

With more than 2,000 standard products, the engineering and design team is also able to develop custom-designed hydraulic tools to meet the exacting and specific requirements of end users

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UK-based manufacturer Hi-Force, offering quality and high performance products to the world market, and will be exhibiting in Cape Town next month. Headquartered in Daventry, Northamptonshire, with eight regional operations worldwide, Hi-Force will be at the Oil & Gas Africa show offering ...
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EXHIBITOR NEWS: Corrosion prevention 'pioneers' arrive in Cape Town on July 11

Experts in the development and on-site of thermal spray solutions for erosion and corrosion problems in operating spaces

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Headquartered in Richmond, Virginia, USA and operating subsidiaries, affiliates, and sales offices around the world, IGS’s service includes a range of on-site and in-shop metalspray, weld overlay, and an array of ceramic coatings which it will be bringing to Oil & Gas Africa on July 11.Teresa ...
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A 'New vision for the African Oil and Gas industry'

'Although the book focuses more on what has been done right, it retains a series of eight case studies about the positive, negative and ugly experiences of various African countries including Nigeria, Ghana, Angola, Tanzania and Equatorial Guinea use of energy discoveries in their economic development'

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NJ Ayuk, the founder and Chief Executive Officer (CEO) of a top- tier law firm, Centurion Law Group, has released his first book, 'Big Barrels: African Oil and Gas and the Quest for Prosperity'. Guillaume Doane, CEO of Africa Branding Corp said: ‘This book is dedicated to the force of oil and gas ...
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Onshore gas production Africa: We’ve walked the road many still fear to tread - Renergen COO

South Africa’s sole onshore natural gas project Tetra4 owner Renergen has just secured $17m of government funding. Chief Operating Officer Nick Mitchell will reveal more about this landmark project at the Oil & Gas Africa Conference in Cape Town next month

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Thirteen gas wells make up the Tetra4 project and when it began commercial operation in 2016, it became South Africa’s first onshore supplier – and it is set for huge expansion. In May this year owner Renergen landed a multi-million dollar loan from the government, which is set to boost onshore ...
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EXHIBITOR NEWS: A new solution to upgrade ageing pipe infrastructure.

TT Innovation chooses Oil & Gas 2017 to showcase it trenchless technology services

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A new subsurface construction method that is growing quickly in the construction and civil engineering industry will be presented at Oil & Gas 2017 in Cape Town.Set up in 2005 as part of the Martin and East group companies, TT Innovations chooses the expo to intreodcue the technology to other ...
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EXHIBITOR NEWS: Lighting the way for the oil & gas sector

Pelican Products Inc. is the global leader in design and manufacture of high-performance protective case solutions and advanced portable lighting systems

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Headquartered in California, USA, and operating in 21 countries with 28 offices around the world, Pelican will be appearing at Oil & Gas Africa showcasing its products.Pelican Products Inc. is the global leader in design and manufacture of high-performance protective case solutions and advanced ...
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Why engineers from across sub-Saharan Africa will head for the Western Cape in July

Cape Town is the hub of the oil & gas, midstream and downstream sectors for sub-Saharan Africa and the city hosts Oil & Gas 2017, a three-day conference and expo

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Engineers are being invited to Cape Town this July for Oil & Gas 2017 with its unique three-day conference, with presentation on issues from fracking to refining. “Western Cape is the hub of sub-Saharan oil industry’s midstream and downstream oil industry and this year ensuring a convenient and ...
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'Unions do more harm than good in the oil and gas sector'

Nigerian oil and gas chief calls on protesting workers to recognise the sector's economic difficulties and explains that streamlining protects jobs long term

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The Chairman of Obijackson Group, and an indigenous oil and gas conglomerate, Dr Ernest Azudialu, says that labour unions do more harm than good for the oil and gas sector. Dr Azudialu was speaking in Lagos, Nigeria, where he called on union bosses to work with international investors rather than ...
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Tullow reveals two new potential field discoveries in Kenya

Engineers says Samples show that the main oil reservoir is on the same static pressure gradient as the Etom-2 well which demonstrates that a major part of the Greater Etom structure is oil-filled.

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Tullow Oil has discovered oil in two zones during drilling on an onshore block in Northern Kenya that bodes well for preparing the asset for full development.The discovery was found at around 75 metres of net oil pay in two zones in the Emekuya-1 well in Block 13T, which is located 2.5 km north of ...
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Demca offers decades of retrofitting actuator experience in Jo'burg next week

“Thirty five years of retrofitting experience enables the company to offer quality valves retrofitting services, which have at times included the refurbishing of actuators that were more than 30 years old.”

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Demca Actuation Solutions (DAS has undertaken projects that include retrofitting actuators into existing valves including that of Chevron, Engen, PetroSA, BP, Koeberg Nuclear Power Station project.It brings its specialities to INDUTEC 2017 including its range of actuators; electric multi-turn, ...
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Fracking to begin in Karoo region of South Africa

Government gives go ahead "Based on the balance of available scientific evidence," says Mineral Resources Minister

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The government has given the go-ahead for shale gas development in the Karoo region, Mineral Resources Minister Mosebenzi Zwane (pictured left) said on Thursday.He revealed this during a community engagement on shale gas development in Richmond, in the Northern Cape, according to www.news24.com"...
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New South Sudan and Equatorial Guinea partnership promotes oil growth

Two nations set basis for information exchange and regulation to promote upstream, downstream and infrastructure projects - and collaboration between the national oil companies Nilepet and GEPetrol.

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South Sudan and Equatorial Guinea have announced an historic partnership, setting out the terms for a strong bilateral relationship between the African oil and gas producers.The two nations will use the new partnership as a basis for exchanging information on policy and regulation; promoting ...
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New study reveals Africa's renewable potential

Hydrocarbon exploration continues to be a major source of revenue for governments but the continent's own energy future can increasingly include massive renewable sources too

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Africa is capable of suppling most of its energy requirements through solar power and wind power by 2030, according to a new report. If managed correctly with co-operation across borders, the continent could slash its energy bills, reduce the number of conventional power stations and save billions ...
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China's Sinopec buys $1billion of Cheveron's South African assets

First big investment into Africa by company - which promises a spending increase for the first time in four years - secures 75 per cent of the oil refining business... and 820 petrol stations

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China's Sinopec will pay almost $1 billion for a 75 percent stake in Chevron Corp's South African assets and its subsidiary in Botswana securing its first major refinery in Africa off the back of a huge jump in profits.Yesterday the company revealed for the first quarter of this year it expected to ...
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Shell sells off $587m of oil assets in Gabon to Carlyle

Oil giant's divestment strategy reaps reward for Carlyle but company "will continue to pursue opportunities in sub-Saharan Africa".

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Royal Dutch Shell will sell its onshore oil assets in Gabon to a unit of Carlyle Group LP for $587 million, taking it closer to its $30 billion divestment target.Carlyle’s unit Assala Energy Holdings Ltd. will also take on $285 million of debt from Shell’s Gabon unit and will make an additional ...
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South Africa's economic success is tied to its oil & gas sector

“Our mineral resources are a major contributor towards our GDP, and we hope to augment this contribution with our petroleum resources, a relatively new sector in the South African context,” Mineral Resources Minister Mosebenzi Zwane

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South Africa’s petroleum resources sector is one of the focal points of the Mineral and Petroleum Resources Development Act (MPRDA), and its development will benefit the economy.Mineral Resources Minister Mosebenzi Zwane, speaking earlier this month to the Deepwater East and Southern Africa ...
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Nigeria government promise new boost for oil sector

Is Nigeria’s oil and gas industry looking on the up?

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News sources have reported Nigeria’s Minister of State for Petroleum Resources, Ibe Kachikwu, of stating that the Nigerian government hopes to attract over $10 billion of new investment in the oil and gas industry over the next five years.Speaking at the Nigerian Oil and Gas (NOG) conference, ...
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Why South Africa could be the next oil discovery hot spot

'There could be a giant future discovery off South Africa's coast in the Outeniqua Basin'

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South Africa's waters may be hiding future giant oil and gas discoveries potentially capable of changing the country's power generation mix by reducing its use of coal, says Tsvetana Paraskova writing for seekingalpha.comThe potential giant discoveries could help South Africa boost its gas-to-power ...
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Shares up almost 50 per cent year-on-year as Africa Oil releases its Q4 results

The Canadian company's liquidity and capital resource position "improved dramatically" during 2016. Shares closed at $1.85 on release of the report, up from $1.26 a year ago

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Canadian oil and gas company Africa Oil Corp has released its financial results and operating results for the three months and year ended December 31, 2016.According to a statement issued by the company, at December 31, 2016, it had cash of $463.1 million and working capital of $435m. It said: "...
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LNG demand set to soar says Shell

Egypt, Jordan and Pakistan were among the fastest growing LNG importers in the world in 2016. Due to local shortages in gas supplies, they imported 13.9 MT of LNG in total.

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Liquefied Natural Gas (LNG) demand reached 265 million tonnes (MT) in 2016 - enough gas to supply power to around 500 million homes for a year.The figure comes from Shell’s new LNG Outlook that has shown that despite expectation that new LNG supplies would outpace demand growth during 2016. Last ...
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'Africa is the last true oil and gas frontier'

“In the sub-Saharan regions it is evident that many new opportunities still exist, especially for exploration and production (E&P) companies that are willing to take risks,” PwC

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Africa is set to become a leading gas market and has the potential to become a significant market for the development of liquefied natural gas (LNG) with many African countries exploring the natural gas potential, according to a report on www.esi-Africa.A new report by PwC says: “Africa is the ...
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Petroleum giant Total is now the biggest player in the East African oil sector

French oil major's acquisition of Gulf African Petroleum Corporation makes it biggest player in the region

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French oil major Total Outre Mer is set to become the dominant player in East Africa’s oil industry with the acquisition of Gulf African Petroleum Corporation (Gapco), says a news report today on the StandardMedia website.It means Total Kenya, Total Uganda and Total Tanzania, will now enjoy the ...
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Africa Oil Corp: Kenyan project on track for 2017

Company's chief executive, Keith Hill, said that the company did not anticipate a continuation in the decline of oil prices.

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Africa Oil Corp will press ahead with its oil production project in north west Kenya, despite low crude prices, according to the company’s chief executive. The project is scheduled to come onstream in 2017, he said.In an interview with Reuters, Africa Oil Corp’s chief executive, Keith Hill, said ...
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British oil explorers target Africa in 2017

Cairn Energy and Tullow Oil are both planning to target African oil fields as crude oil price rises

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North Sea oil companies Cairn Energy and Tullow Oil are both planning to tap low-cost African oil fields this year to take full advantage of the rising price of crude oil, according to a report in The Telegraph's Business reporters in the UK.It reported that Edinburgh-based Cairn Energy told ...
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Libya's oil sector back in business

Libya froze all new foreign investment in 2011 after the civil war - this week foreign investors were invited back to the country with Africa's biggest reserves

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Libya will reopen its oil sector to new foreign investments according to the state-run oil company’s boss despite the political situation in the country remaining turbulent.Speaking at a London conference on Tuesday (Jan 24) Libyan National Oil Co Chairman Mustafa Sanallah admitted he had been ...
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'Growth in oil demand will slow as world becomes cleaner,' says BP

BP 2017 Energy Outlook forecasts slower growth in oil demand and CO2 emissions as efficiencies, cleaner fuel use rises. But world will still need 110 billion barrels a day in 2035

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BP expects oil demand to grow over the next 20 years but at a slowing rate, as the transport sector rises in efficient consumption, and natural gas and renewables take a larger share of the energy mix, the oil major said in its 2017 Energy Outlook.“The overall demand for energy looks set to ...
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Norwegian operator lands LNG Africa deal for three chartered ships

Norway-based IM Skaugen has signed a long-term contract to charter three of its multi-gas carriers to an unnamed small-scale LNG venture in Africa that needs gas for power generation.

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Norway-based IM Skaugen has signed a long-term contract to charter three of its multi-gas carriers to an unnamed small-scale LNG venture in Africa that needs gas for power generation, according to a report on LNG World Shipping News.Skaugen will not confirm yet where the project is based, who has ...
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Who are the top five pump suppliers to the oil and gas industry?

Tough trading condition are expected to lead to a tight price war among the larger players in the market and the industry is experiencing a shift to innovative operational procedures

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One of the world's biggest market research companies Technavio has named the top five pump vendors in the oil and gas industry as part of a new report. The Global Pumps Market for the Oil & Gas Industry report looks at the industry through until 2020 and it also lists eight other prominent vendors ...
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Total ups investment in Uganda oil

French oil giant to acquire another $900m in Lake Albert oil project

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French oil giant Total has entered into an agreement with Tullow to acquire an extra 21.57 per cent interest in the Uganda Lake Albert oil project.Total will pay Tullow $900 million in instalments as the project develops, with an initial payment of $100m - leading some observers to believe Tullow ...
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Nigeria overtakes Angola as Africa's top oil producer

Nigeria regains top spot even before yesterday's agreed cut in oil production

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Nigeria has overtaken Angola to reclaim the position as Africa’s top oil producer.For seven months Angola had led with 1.7m barrels a day while Nigeria pumped 1.5m.According to the Organisation of Petroleum Exporting Countries (OPEC) December 2016 Monthly oil Market report (MOMR), crude oil ...
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Oil leaders meet in UAE tomorrow to review market

"Gathering will offer clues as to how they intend to maintain credibility long enough for the global oil market to soak up the two year oil glut"

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Oil ministers and high-level industry officials will gather in Abu Dhabi tomorrow (12 Jan) to assess a finely poised market, the UAE National newspaper reports.Benchmark North Sea Brent crude futures have risen by more than 30 per cent since mid-November to hit an 18-month high last week of US$58....
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Oil sector in Africa set for 2017 upturn

An industry accustomed to new low oil prices reflects optimism that Africa is ripe for a comeback.

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Chariot Oil & Gas plans to drill its first well in at least three years in 2017 off Morocco as African oil as the closing months of 2016 optimism in the industry turn into new projects.Offshore drilling on the continent matched an all-time low in September, with just nine active rigs, according to ...
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VAMCOSA endorses PVP 2017 and INDUTEC

“We believe both events are of huge importance to our industry both in highlighting our capability and the challenges our industry faces.

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The South African body that represents valve and actuatuator manufacturers has endorsed PVP 2017.The Valve and Actuator ManufacturersCluster of South Africa (VAMCOSA) was set up in 2011 to bring local manufacturers together to create a common focus and goal for the respective industries. It also ...
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VIDEO: New South African gas projects will be economical and bring huge benefits to the country

With two major gas-to-power projects under way in the country, consulting engineers Aurecon believes that the two, possibly three, gas power stations associated with the projects can be economical as existing infrastructure can be used to support them.

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Senior Power Generation Engineer Kobus van der Merwe looks at the gas opportunities in the republic, speaking to Creamer Media TV and www.engineeringnews.co.za
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What is the future for oil refining in South Africa?

Can the republic's drivers afford to bear the $3.8bn bill to upgrade antiquated refineries or is it cheaper to simply import more oil?

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A new report released on Monday warns that South Africa's outdated refineries need urgent updating to meet clean fuel requirements, but in may be cheaper to import fuel. The report on the impact of the petroleum industry on the country's economy was commissioned by the South African Petroleum ...
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Why Nigeria is failing to attract oil investment

"We need to give them the confidence that when they invest, they make money and there is a mechanism to repatriate their money,” Lekoil CEO

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Unfavourable fiscal regime, transparency issues and stringent fund repatriation mechanism are reasons for the low investment inflow into Nigeria’s oil and gas sector, according to a top CEO.Olalekan Akinyanmi, Chief Executive Officer, CEO, Lekoil Limited revealed what he described as "the worrisome ...
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Presidential race in Ghana focuses on oil sector

Ghanaian presidential candidate pledges country will be the West African oil services hub

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Ghana's 2016 presidential candidate of the NPP Nana Addo Dankwa Akufo-Addo says the Western Region will develop into an oil services hub if he wins on December 7.The presidential hoeful, who ran in 2008 and 2012, says that this will be done by positioning the Western Region as an efficient centre ...
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Scottish North Sea oil experts urged to seek a future in Africa where production is cheaper

'Within the next couple of years, they think the market will once again swing from glut to shortage'

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Scottish oil companies that are struggling in the North Sea are being urged to look to Africa to secure their future, The Times in London, reports todayThe suggestion comes as the first Scotland Africa Oil & Gas Forum brings senior government officials from the continent to Aberdeen today. Komi ...
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How Africa has adapted to low oil prices and leads the world in new discoveries

Africa produced eight of the top 20 discoveries globally in 2015, and nine out of the top 20 in the first eight months of 2016.

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Oil producers across Africa say they can operate profitably so long as oil prices remain above $50 a barrel.Two years ago these companies said they relied on $90-plus to operate successfully but after a tough 24 months, they are finally beginning to adapt to the slump in world oil prices, according ...
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Why oil is worth $14 billion to South Africa's economy and 8.5% of GDP

New report focuses on South Africa's oil refining sector and estimates more than half a million jobs are directly related to the sector

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More than 480,000 are directly related to the success of South Africa's six oil refineries worth more than Rand 200 bn ($14 billion) in economic activity, according to a new report.'The Petroleum Industry’s Contribution to South Africa , was commissioned in 2015 by the South African Petroleum ...
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Sasol’s bid for Chevron’s South African assets

Petrochemicals firm Sasol says it’s considering buying a majority stake in Chevron’s South African assets

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Petrochemicals firm Sasol says it’s considering buying a majority stake in Chevron’s South African assets, including its 110,000 barrels-per-day oil refinery and retail stations.Chevron said in January it would sell its 75 percent stake in its business in the country after making similar sales in ...
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