Port of East London to Expand its Petroleum Footprint
More than 100 attendees representing 97 companies have shown keen interest in the Port of East London’s plans to recommission an existing tank in the port for handling of liquid bulk and to introduce a liquid bulk terminal through a 25-year port concession awarded to a private…
Thompson takes over from Founder Heavey, Tullow Oil
Tullow Oil plc (Tullow) announced the appointment of Dorothy Thompson as independent non-executive Director and Chair-designate of Tullow with effect from the conclusion of the Group’s Annual General Meeting (AGM) on 25 April 2018. It is anticipated Thompson will succeed Aidan Heavey…
Sinopec: South Africa Gives Conditional Approval for Chevron Assets
South Africa will stick with China's Sinopec Corp as the preferred contender to buy Chevron's assets in South Africa and Botswana after it made a fresh commitment to future investments in the country, the Chinese oil major said on Thursday. State-owned Sinopec…
Glencore Sees Record Oil Trading Volumes as Margins Shrink
Glencore looks set to cement its position as the world's second-largest oil trader as it tries to offset low volatility and tight margins with record volumes this year, its global head of oil, Alex Beard, told Reuters. The London-listed commodities trader and miner…
Glencore to buy Chevron South Africa stake, Chevron Botswana
Miner and commodities trader Glencore said it had agreed to buy a 75 percent stake in Chevron's South Africa unit and all of Chevron Botswana for $973 million. The assets include Chevron's interests in its manufacturing, retail and industrial supply business in South Africa and Botswana, Glencore said in a statement.
Botswana Launches Regulator to Oversee Private Power Firms
Botswana has established an energy regulator to manage private firms it hopes will expand an electricity sector currently dominated by the state, a local newspaper reported Wednesday. "The authority will be mandated to make sure that power producers follow set prices…
Chevron Confirms Sale of Its South African Assets to Sinopec
Chevron Global Energy confirmed on Wednesday that it had signed a sales and purchase agreement with a wholly-owned subsidiary of China's Sinopec for Chevron's assets in South Africa and Botswana. Chevron said in a statement the deal hinged on regulatory approval.
Botswana to sell struggling Chinese-built power plant
Botswana will sell a 600 megawatt Chinese-built power plant after persistent technical problems since it was commissioned in 2012, the country's state electricity firm said on Saturday. Botswana's Morupule B coal-fired power station, built by the China National Electric Equipment Corporation at a cost of $970 million…
APR Commissions Botswana project
APR Energy known for fast-track power solutions, today announced that it has completed successfully the installation and commissioning of its new two-year, 35MW project for Botswana Power Corporation and the 48MW expansion of its existing project for Senelec, Senegal’s national electric utility.
Botswana Seeks Bids to Build Solar Plants for Mines
Botswana's government launched a bidding process on Tuesday to construct solar power plants near its huge Jwaneng diamond mine and for the nation's northwest, where copper assets are being developed. "This invitation ... is a request for expression of interest to construct…
ABB Wins S. African Power Plant Order
ABB has won an order worth over $160 million from Eskom, South Africa's national electricity provider, to supply control systems,software and instrumentation for the 4,800 megawatt (MW) Kusile coal-fired power station under construction near Witbank in the country’s north east.
Exxon's $19 Bln PNG Plant could change country's fortune
ExxonMobil's $19 billion liquefied natural gas (LNG) project in Papua New Guinea, which is shipping its first cargo, is set to dramatically transform one of Asia-Pacific's most unstable countries, for better or for worse. The LNG venture, which is expected to produce more than 9 trillion cubic feet of gas over 30 years…
APR Energy Turbines to Power South Pacific Mining
APR Energy, a company in fast-track power solutions, announced today the signing of a mobile gas turbine contract to provide fast-track power to an industrial customer in the South Pacific. The plant will comprise mobile gas turbines producing a guaranteed 60MW and will power the customer's mining operations.
