Sasol slips, despite oil heading for biggest weekly gain in months

Added to the tailwind from oil, the rand’s slight decline versus the dollar during the week would also have aided Sasol

Standard Bank to fund large chunk of Mozambican LNG project

Lender says it will advance a substantial sum to Anadarko’s imminent $20bn project

Shell’s profits easily beat expectations, helped by LNG

Shell’s results outshone those of rivals ExxonMobil, Chevron and BP, which all saw sharp declines in profits in the first three months of 2019

US SEC obtains asset freeze over suspected insider trading in Anadarko

Judge grants freeze over accounts linked to suspicious purchases between February  8 and April 1 by unknown buyers of Anadarko securities

Anadarko to reopen talks with Occidental in takeover battle

The move sets the stage for Chevron to come back with a sweetened offer

Oil major Total targets expansion in retail power market

The French energy group is on course to hit target ahead of schedule

Saudi Aramco, on hunt for joint ventures, sells its first LNG cargo

The oil giant wants to be a major player in gas and is ‘in discussion with a lot of partners around the world’, its CEO says

Occidental surprises with bid for Anadarko, challenging Chevron

A deal will make the oil and gas major the largest producer in the lucrative US Permian basin

Sasol’s shares rise to best level since November

High oil prices and the rand’s weakness have pushed the energy and chemical group’s share price higher

Halliburton says pricing woes bottoming out as US activity rises

Oil field service company CEO says he expects demand for services to progress for the next couple of quarters

Lerato Nage takes over as new board chair at City Power

Outgoing chair paints dire picture of utility's finances

Saudi Aramco buys stake in Hyundai Oilbank for $1.2bn

The investment is meant to support Aramco’s broader downstream growth strategy and provide long-term crude oil options

Sasol’s Natref plant seeks better options for clean fuels

The company last year began a review of the 108,000-barrel-a-day Natref refinery and the 150,000-barrel-a-day Secunda plant

Sipho Nkosi to bring mining prowess to Sasol’ top job

Sasol board member and chair Mandla Gantsho is retiring after 16 years with the group

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