Kibo Energy drops coal assets for renewables in strategy shake-up

The shift in strategy comes just a week after SA said it would allow companies to establish up to 100MW of generating capacity without requiring a licence

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SA fuel retailers and forecourt operators face high energy costs and low certainty

SPONSORED | Advances in renewable energy technologies present alternatives for small businesses

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Sasol and Air Liquide deal gets nod from Competition Tribunal

The petrochemical giant says the sale of its air separation units business to the French company has been approved

Omnia shareholders may receive special dividend after debt cut

The chemicals and fertiliser group is in a net cash position after its businesses fared better than expected

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World’s top oil trader Vitol takes stake in Russian Arctic project

Rosneft, Russia’s biggest oil producer, is turning to trading houses amid sanctions and as projects in fragile regions such as the Arctic become more ...

Q&A: IDC moves on from seeding green projects to driving inclusivity

The Industrial Development Corporation is focused on driving inclusivity as renewable energy investment grows

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PetroSA board discussed business rescue before it was disbanded

Parent company CEF dissolves  board of broke PetroSA as part of preparations  to establish a new national petroleum company

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Activist firm wins two ExxonMobil board seats in black eye for CEO Darren Woods

Result for Engine No 1 is one the biggest activist upsets in recent years and an embarrassment for US oil giant

ExxonMobil pledges two new directors ahead of climate policy showdown

Undertaking comes ahead of shareholder contest over the oil and gas titan’s climate policy and board makeup

PODCAST | Powerships may be viable solution to SA’s energy crisis

Host Mudiwa Gavaza is joined by Peter Bird, an MD at Berkeley Research Group’s Singapore office

Shell sells its stake in Philippine gas field for $460m

Energy giant Shell is looking to narrow its oil and gas operations, with the deal to be completed by the end of the year

Frazer Solar wins arbitration award against Lesotho

Lesotho may see its global assets seized after arbitration ruling in SA

Sasol agrees to sell stake in Mozambique pipeline company for more than R4bn

Sasol intends to sell a 30% stake in the Republic of Mozambique Pipeline Investments Company, but will retain a 20% holding

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Revego Africa Energy temporarily delays JSE listing

The company, which works in the renewable energy space, says issues regarding listings requirements are still being considered

Shell pays down some debt as profits surge in the first quarter

The oil giant has reduced net debt by more than $4bn with first-quarter adjusted net income of $3.23bn

Sasol reports strong recovery in SA fuel demand

The group is forecasting an improved full-year performance in 2021 as oil prices rise and cost-cutting pays off

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Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.