Total in, Exxon out: a tale of two projects

The two oil giants have taken different approaches to exploration off the SA coast, and there could be more than geology at play

SA businesses rush for energy alternatives to Eskom

Solar power remains the most popular renewable energy and ‘sells itself’

IDC and DBSA back Mashudu Ramano’s fuel cell energy firm

Development financiers back locally produced fuel cell units as big step for SA into hydrogen-based clean energy solutions

Oil decline spurs Aramco to shake up management

While adapting to low crude prices Saudi state energy firm is pursuing new ways to raise cash

Total and Mozambique join forces to secure LNG project

A Memorandum of Understanding will see a joint task force established to ensure the security of the LNG project’s activities

Record production at Hillside smelter despite increased load-shedding

The miner reported that saleable production from the smelter increased by 3 kilotonnes to produce a record 718kt in the financial year ended in June

WATCH: How the rand, writedowns and oil price hurt Sasol

Sasol CEO Fleetwood Grobler talks to Business Day TV about the company’s latest results

Sasol prepares R35bn rights issue​​ as ordeal for shareholders continues

With debt now nearing the R200bn level, the group thinks its prudent to say that there will be an equity raise, though only in 2021

Oil companies confront a future with untouchable fossil fuels

Some fields do not make economic sense and those at risk include deepwater discoveries off Angola and Brazil

WATCH: Why the Eskom split needs to happen soon

Eskom CEO Andre de Ruyter talks to Business Day TV about the plans to split the utility into three

Renewable energy firm Montauk posts 27% profit hit

Shares fall 13% after the company reports weak first half financials

Writedowns point to Sasol selling a stake in Lake Charles

The chemicals and synthetic fuels producer says it will write down its energy portfolio by R12.5bn, its base chemicals by R71.3bn, and its chemicals division ...

Sasol swings into huge loss amid R112bn in writedowns

Chemicals and energy group writes down businesses by R112bn, exceeding its market capitalisation

BP cuts dividend as it sets new green-energy targets

As Covid-19 upends the energy market, BP is targeting a 40% decline in hydrocarbons and a leap in renewable power to about 50GW by 2030

ConocoPhillips reports losses as virus kills fuel demand

Second-quarter earnings from each barrel of oil sold more than halved as lockdowns leave a glut of oil and gas

Sasol shares jump as investors celebrate asset sale

The R8.5bn sale of its air separation units at Secunda has dampened fears of a rights issue


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