Sasol yet again delays its results due to Lake Charles project

The chemicals giant says it has asked for more work to be done in the independent probe into delays at the embattled project

Big investors want executive changes at Sasol, starting with Stephen Cornell

Cornell has been more involved in the Lake Charles project and is paid more than co-CEO Bongani Nqwababa, boosting costs, they say

SEKGABO MOLELEKOA: Sasol’s Lake Charles project is proving to be painful for investors

A delay in releasing results due to an independent review of the project’s execution and technical issues is the latest bad news

Sasol’s Lake Charles ethane cracker is 60% up and running

The cracker, which is the heart of the mega-project and is one of the biggest in the world, will provide feedstock to six new derivative units

Seriti bets on long-term reliance on coal for SA

CEO says coal producer is not an environmental denialist and alternatives will need to be phased in gradually

BP exits Alaska after 60 years in $5.6bn Hilcorp Energy sale

The energy giant sells its entire Alaska operations as oil production there declines

World bourses vie to host on-again, off-again Aramco IPO

London and Hong Kong are actively pitching for the listing from which Saudi Arabia expects to raise as much as $100bn

US government backs Renergen’s SA gas project

Natural gas and helium company gets $40m loan for construction of facilities on Free State drilling site

Sasol’s woes mount on market backlash

The energy and chemical company insists discussions with shareholders did not flout JSE regulations

Sasol meets shareholders as Lake Charles costs climb

Cost overruns led to company holding meetings to hear concerns and expectations

Sasol results delay wipes R8bn off its market value

Sasol's shares dropped nearly 16% on the news on Friday

Sasol shares plunge as company delays results over ‘control weaknesses’

Sasol’s shares dropped as much as 15.9% on the news on Friday

Eskom wants most of R440bn of debt transferred to the government

The struggling state power utility can only sustain R150bn of debt, company executives tell investors at a road show in London

Vivo Energy on track for a good 2019

Vivo Energy CEO Christian Chammas forecasts stronger growth as the company expands into Africa

Shell slips as profit falls to two-and-a-half year low

Shell’s performance fell short of expectations across the board but was most pronounced at its flagship liquefied natural gas unit

Vivo Energy volumes rise 8% in the first half

Recently acquired Engen stations help the pan-African fuel retailer increase its profit 2%

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