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CEF has completed due diligence on R1bn stake, Renergen says

Final approvals are still needed for the potential stake of 10% in the emerging gas producer, which has faced delays at its Virginia Gas Project

Sasol flags profit rise amid commodities boost

Core profit could rise as much as 56% to R75.6bn in the year to end-June, but there are series of hefty non-cash adjustments

Montauk files patent application for acid-neutralisation technology

The renewable gas firms says the technology will help reduce damage to equipment and give it a leg up on competitors

Solar power gets more expensive as cost of materials soar

Prices of polysilicon, the key material in solar cells and wafers, rose 15% since mid-May amid Chinese factory shutdowns

Arizona solar company plans factory in Panama to challenge Asia

US solar company’s plans for a factory will reduce the country’s reliance on Asian imports at a time when domestic demand for solar panels is soaring

Higher fuel prices boost Sasol as it beats sales guidance

Chemicals and energy group says it benefited from improved demand in its year to end-June, but expects more volatility

Baker Hughes loss widens on Russia-related charge in second quarter

Oilfield services provider second quarter loss widens on Russia-related charges and inflation

Chevron pumps money into Google-backed nuclear fusion company TAE

California-based TAE Technologies raises another $250m for new research reactor Copernicus  promising abundant zero-carbon energy

HCI partner targets up to R1bn for oilfield drilling in Namibia

Impact Oil & Gas wants  further appraisal of wells as leaked reports show they could contain at least 3-billion barrels

Sasol does not expect fuel shortage as it pauses work at Natref refinery

Producer declares force majeure and says steps are being taken to stabilise supplies from Sasolburg’s Natref plant

Renergen says subscription deal with Canadian miner Ivanhoe has lapsed

Ivanhoe had picked up a 4.35% stake in Renergen in March and had options to increase it to as much as 55%, but this deal has now lapsed

Power cuts boost Ellies as shoppers snap up inverters and solar panels

Generators fall out of favour as the price of diesel and petrol skyrocket

Warren Buffett accumulates larger stake in oil company Occidental

Berkshire Hathaway becomes the biggest shareholder, sparking market speculation of a full buyout

Germany weighs bailing out gas giant Uniper as Russia slashes deliveries

Pandemic tools to rescue companies such as Lufthansa are being considered again

Exxon operating profits projected to double in record quarter

The largest US oil producer expects an increase of about $7.4bn over the first quarter

Exxaro flags continued rail dysfunction even as it eyes uptick in coal demand

European sanctions against major producer Russia are expected to take effect in August, but logistical constraints continue to weigh on sales

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