Podcasts about petrosa

Play Episode Listen Later Dec 15, 2023 0:21

Die Organisasie teen Belastingmisbruik is skepties oor die regering se onlangse kernkragverkrygingsplan en die beleggingsooreenkoms tussen PetroSA en Gazprombank, omdat dit nie deursigtig en rasioneel is nie. Die bekragtiging van ‘n transaksie van 3,7 miljard Suid-Afrikaanse rand en ŉ moontlike nuwe verkrygingsproses vir kernkrag van 2 500 megawatt laat die oё rek. Wayne Duvenage van Outa vermoed hierdie besluite is oorhaastig geneem en kan polities gemotiveer wees, moontlik in die lig van die komende verkiesings in 2024. Duvenage vra vir ‘n deeglike ondersoek na projekte wat die land raak:

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Ondersoek kernkrag en PetroSA-ooreenkomste, vra Outa

Play Episode Listen Later Dec 14, 2023 0:21

Die Organisasie teen Belastingmisbruik is skepties oor die Suid-Afrikaanse regering se onlangse kernkragverkrygingsplan en die beleggingsooreenkoms tussen PetroSA en Gazprombank, omdat dit nie deursigtig en rasioneel is nie. Die bekragtiging van ‘n transaksie van 3,7 miljard Suid-Afrikaanse rand en ŉ moontlike nuwe verkrygingsproses vir kernkrag van 2 500 megawatt laat die oё rek. Wayne Duvenage van Outa vermoed hierdie besluite is oorhaastig geneem en kan polities gemotiveer wees, moontlik in die lig van die komende verkiesings in 2024. Duvenage vra vir ‘n deeglike ondersoek na projekte wat die land raak.

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DA kritiseer Gazprombank se vennootskap met PetroSA

Afternoon Drive with John Maytham

Play Episode Listen Later Dec 13, 2023 0:20

Die DA kritiseer die aanstelling van die Russiese Gazprombank as ‘n beleggingsvennoot vir PetroSA en bestempel dit as staatskaping van die energiesektor. Gazprombank sal na verwagting help met die herbou van PetroSA se tydelik uitbedryfgestelde raffinadery in Mosselbaai. Die nasionale woordvoerder vir Minerale Hulpbronne en Energie van die DA, Kevin Mileham, het sy kommer uitgespreek oor die egtheid van die vennootskap en daarop gewys Gazprombank is die finansiële arm van die Russiese staatsbeheerde gasmaatskappy, Gazprom. Mileham waarsku dat Suid-Afrika nie 15 jaar van plundering en nie-prestasie kan bekostig nie.

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The Russia Gazprom Deal

Play Episode Listen Later Dec 12, 2023 9:49

Sikonathi Mantshantsha joins John from News 24 to consider the implications of the partnership deal that has been secured between the Russian state-owned company Gazprombank and PetroSA to revive the Mossel Bay gas-to-liquids refinery due to its access to substantial funds.See omnystudio.com/listener for privacy information.

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Concerns raised about PetroSA's possible collaboration with Russian bank

The Best of Breakfast with Bongani Bingwa

Play Episode Listen Later Dec 12, 2023 11:09

Amabhugane Investigative Journalist Susan Comrie discussed the cabinet's approval of a partnership between PetroSA and Russia's third largest bank, 'Grazprombank,' and whether this deal could lead to sanctions against South Africa. See omnystudio.com/listener for privacy information.

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Lester Kiewit finds out why SA has approved a major partnership between PetroSA and a Russian bank

Breakfast with Refilwe Moloto

Play Episode Listen Later Dec 12, 2023 6:26

Lester Kiewit speaks to DA MP Kevin Mileham, about why the opposition is concerned at a deal between PetroSA and Russia's third largest bank, Gazprombank.See omnystudio.com/listener for privacy information.

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South Africa to release 2 500 MW nuclear RFP by March, despite electricity plan review

Play Episode Listen Later Dec 12, 2023 4:22

The South African government will publish a request for proposals (RFP) for 2 500 MW of new nuclear capacity by March 2024, following the National Energy Regulator of South Africa's (Nersa's) concurrence with a procurement determination published in 2020. Nersa's concurrence, which was provided on September 2, had been conditional on the Department of Mineral Resources and Energy (DMRE) meeting several suspensive conditions, including establishing, through a demand and generation profile analysis, the rationality of adding 2 500 MW of nuclear, and confirmation that engineering, procurement and construction contract principles would be used during the procurement phase. Electricity Minister Kgosientsho Ramokgopa said the DMRE made a submission to Nersa in July outlining how it had gone about meeting the conditions and that the regulator had considered the submission in August before concurring with the determination. Nersa's concurrence, together with the Ministerial determination, would be published in an upcoming Government Gazette. He also confirmed government's intention to move ahead with an open tender for new nuclear. This, despite acknowledging that no new nuclear could be built before the mid-2030s, implying that the technology could play no immediate role in ending the country's prevailing loadshedding crisis. The decision to proceed was made on the basis of the prevailing Integrated Resource Plan of 2019 (IRP 2019), which makes no specific allocation for nuclear but stipulates only that any nuclear build programme be implemented at a pace and scale that the country can afford. The RFP would also be launched ahead of the finalisation of the so-called IRP 2023, which was approved for release for public consultation by Cabinet on December 8. The draft IRP 2023 was expected to be Gazetted this week, but it was not yet clear what comment period would be provided or whether the public consultations would include public hearings. The document reportedly includes two time horizons, with the horizon to 2030 still unlikely to include new nuclear, but Ramokgopa indicated that nuclear was included in the document, probably for the 2031 to 2050 horizon. He said the decision to proceed with the RFP was based on the fact that nuclear procurement involved long timeframes and it was, thus, necessary to prepare years in advance to avoid "stop/start" procurement. DMRE deputy director-general for nuclear Zizamele Mbambo said that a new nuclear build was likely to take between 10 to 12 years from the initiation of procurement to commercial operation. In many instances globally, however, the period has been far longer. Mbambo said the RFP had not been finalised and the technologies that would be considered, as well as the contracting model, were also yet to be determined. However, he indicated that both conventional and small-scale reactor technologies could be included and that government's intention was to open it to all nuclear vendors. He refused to be drawn on whether Russia's Rosatom would be considered given the sanctions that had been implemented against Russia following its invasion of Ukraine in 2022. However, in its recent approval of a proposed investment partnership between PetroSA and GazpromBank Africa for the restart of PetroSA's gas-to-liquids refinery in Mossel Bay, Cabinet described the secondary sanctions threat as low. Various questions were posed to the Minister about the business case for new nuclear and its affordability, but only historical tariffs arising from Koeberg, which has been in operation for nearly 40 years, were provided, together with a wide capital-expenditure range of between R2 100/kW and R7 500/kW. Southern African Faith Communities' Environment Institute and Earthlife Africa amplified these affordability and business-case concerns, noting that "all the independent modelling shows that nuclear energy is neither affordable nor needed in our energy mix now or in the future". The two organisations ...

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South Africa to release 2 500 MW nuclear RFP by March, despite electricity plan review

East Coast Radio Newswatch

Play Episode Listen Later Dec 12, 2023 4:22

The South African government will publish a request for proposals (RFP) for 2 500 MW of new nuclear capacity by March 2024, following the National Energy Regulator of South Africa's (Nersa's) concurrence with a procurement determination published in 2020. Nersa's concurrence, which was provided on September 2, had been conditional on the Department of Mineral Resources and Energy (DMRE) meeting several suspensive conditions, including establishing, through a demand and generation profile analysis, the rationality of adding 2 500 MW of nuclear, and confirmation that engineering, procurement and construction contract principles would be used during the procurement phase. Electricity Minister Kgosientsho Ramokgopa said the DMRE made a submission to Nersa in July outlining how it had gone about meeting the conditions and that the regulator had considered the submission in August before concurring with the determination. Nersa's concurrence, together with the Ministerial determination, would be published in an upcoming Government Gazette. He also confirmed government's intention to move ahead with an open tender for new nuclear. This, despite acknowledging that no new nuclear could be built before the mid-2030s, implying that the technology could play no immediate role in ending the country's prevailing loadshedding crisis. The decision to proceed was made on the basis of the prevailing Integrated Resource Plan of 2019 (IRP 2019), which makes no specific allocation for nuclear but stipulates only that any nuclear build programme be implemented at a pace and scale that the country can afford. The RFP would also be launched ahead of the finalisation of the so-called IRP 2023, which was approved for release for public consultation by Cabinet on December 8. The draft IRP 2023 was expected to be Gazetted this week, but it was not yet clear what comment period would be provided or whether the public consultations would include public hearings. The document reportedly includes two time horizons, with the horizon to 2030 still unlikely to include new nuclear, but Ramokgopa indicated that nuclear was included in the document, probably for the 2031 to 2050 horizon. He said the decision to proceed with the RFP was based on the fact that nuclear procurement involved long timeframes and it was, thus, necessary to prepare years in advance to avoid "stop/start" procurement. DMRE deputy director-general for nuclear Zizamele Mbambo said that a new nuclear build was likely to take between 10 to 12 years from the initiation of procurement to commercial operation. In many instances globally, however, the period has been far longer. Mbambo said the RFP had not been finalised and the technologies that would be considered, as well as the contracting model, were also yet to be determined. However, he indicated that both conventional and small-scale reactor technologies could be included and that government's intention was to open it to all nuclear vendors. He refused to be drawn on whether Russia's Rosatom would be considered given the sanctions that had been implemented against Russia following its invasion of Ukraine in 2022. However, in its recent approval of a proposed investment partnership between PetroSA and GazpromBank Africa for the restart of PetroSA's gas-to-liquids refinery in Mossel Bay, Cabinet described the secondary sanctions threat as low. Various questions were posed to the Minister about the business case for new nuclear and its affordability, but only historical tariffs arising from Koeberg, which has been in operation for nearly 40 years, were provided, together with a wide capital-expenditure range of between R2 100/kW and R7 500/kW. Southern African Faith Communities' Environment Institute and Earthlife Africa amplified these affordability and business-case concerns, noting that "all the independent modelling shows that nuclear energy is neither affordable nor needed in our energy mix now or in the future". The two organisations ...

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COP28's prospects and challenges

The Money Show

Play Episode Listen Later Dec 11, 2023 82:02

Nigel Beck, head of sustainable finance and ESG Advisory at RMB on major discussions around curbing climate change at COP 28. Susan Comrie, investigative journalist at amaBhungane Centre for Investigative Journalism on the cabinet endorsing PetroSA's partnership with Russia's Gazprombank, which is under US sanctions. Ros Atkins, BBC journalist, presenter and author of The Art of Explanation: How to Communicate with Clarity and Confidence spoke about his book. And how he learned to explain things with clarity. See omnystudio.com/listener for privacy information.

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ECR Newswatch @ 17H00

Play Episode Listen Later Dec 11, 2023 3:30

PetroSA has appointed Russian energy company GAZPROM Africa to reinstate its gas to liquid refinery in Mossel Bay. Website

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PetroSA on the regurgitation of allegations on its operations

The POWER Business Show

Play Episode Listen Later Dec 11, 2023 11:09

Noluthando Mthonti-Mlambo speaks to Sesakho Magadla, Chief Operating Officer at PetroSA about Gazprom Bank Africa as their preferred investment partner for its Mossel Bay refinery. The preferred partner will share in the risk and the rewards of the reinstatement of the refinery, which has the potential to retain at least 2000 direct site jobs with additional fixed-term opportunities for 4000 jobs during the construction phase. See omnystudio.com/listener for privacy information.

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Shrugging off sanctions risk, PetroSA aims to seal GTL refinery investment deal with GazpromBank by April

Play Episode Listen Later Dec 11, 2023 4:00

South Africa's PetroSA aims to make a final investment decision (FID) by April on a project designed to support the resumption of production at the mothballed gas-to-liquids (GTL) refinery in Mossel Bay, following receipt of Cabinet's backing for its controversial selection of Russia's GazpromBank Africa as the project's investment partner. The endorsement was made at a special meeting held on December 8, where Cabinet received an update on progress regarding the reinstatement of the GTL refinery, which has been in care and maintenance since November 2020, following the failure of the $1-billion Project Ikhwezi to replenish the refinery's dwindling supply of indigenous offshore gas. Cabinet was also updated on the process followed by the Central Energy Fund, PetroSA's State-owned holding company, to secure a partner with the "requisite technical and financial resources" to return the refinery to full operation on a risk-sharing basis. The selection of GazpromBank Africa arose after PetroSA issued a request for proposals in January from potential partners that could offer a turnkey solution, including funding and feedstock security, to refurbish, modify and upgrade the decommissioned facility. In late November, investigative publication amaBhungane revealed that, while 20 companies submitted bids, the evaluation criteria employed by PetroSA resulted in all but GazpromBank Africa being disqualified. This, despite concerns raised internally about the threat of sanctions, given that the US and the European Union had imposed sanctions on Russia after its invasion of Ukraine in early 2022. Cabinet spokesperson Khumbudzo Ntshavheni dismissed arguments that the partnership could posed a secondary sanctions risk, noting various exemptions in place, while highlighting that several other countries, including Brics bloc countries, had ongoing energy trade activities with Russian companies. In a separate briefing, PetroSA acting COO Sesakho Magadla reported that an independent legal opinion had been obtained, which concluded the sanctions risk to be low, owing to the fact that primary sanctions affected companies and individuals from those countries that had imposed the restrictions, while no secondary sanctions had, to date, been imposed on other countries. Magadla also suggested that "critical energy security", along with food and medicines, had been exempted from the sanctions. "This project falls within that description, because it is also critical for South Africa's energy security," she asserted. The tie-up with a Russian company could, however, have implications for PetroSA's plans to cooperate with TotalEnergies, of France, on the international energy group's Brulpadda and Luiperd fields, offshore the South African coast. However, PetroSA indicated that progress had slowed primarily because of pricing issues, with first gas only expected after 2030. "We cannot be sitting idle and waiting for 2030 while our plant is rotting," Magadla added. Ntshavheni noted that the partnership with GazpromBank Africa remained dependent on the FID decision, which would itself be informed by the outcome of a joint bankable business case. PetroSA is optimistic of reaching FID with GazpromBank Africa on what has been reported to be a R3.7-billion project during the first quarter of the 2024 calendar year. The company expects to achieve financial close by the end of the second quarter, after which it expects engineering and construction to be implemented over an 18-month period. PetroSA acting CEO Sandisiwe Ncemane argued that the reinstatement of the project would support security of fuel supply in the Eastern, Northern and Western Cape provinces in a context of declining domestic refining capacity. The company also argued that reinstating the GTL refinery as soon as possible would help prevent the asset, which it values at $2.85-billion, from further decay. However, it acknowledged that significant investment would be required to restart production...

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Shrugging off sanctions risk, PetroSA aims to seal GTL refinery investment deal with GazpromBank by April

Play Episode Listen Later Dec 11, 2023 4:00

South Africa's PetroSA aims to make a final investment decision (FID) by April on a project designed to support the resumption of production at the mothballed gas-to-liquids (GTL) refinery in Mossel Bay, following receipt of Cabinet's backing for its controversial selection of Russia's GazpromBank Africa as the project's investment partner. The endorsement was made at a special meeting held on December 8, where Cabinet received an update on progress regarding the reinstatement of the GTL refinery, which has been in care and maintenance since November 2020, following the failure of the $1-billion Project Ikhwezi to replenish the refinery's dwindling supply of indigenous offshore gas. Cabinet was also updated on the process followed by the Central Energy Fund, PetroSA's State-owned holding company, to secure a partner with the "requisite technical and financial resources" to return the refinery to full operation on a risk-sharing basis. The selection of GazpromBank Africa arose after PetroSA issued a request for proposals in January from potential partners that could offer a turnkey solution, including funding and feedstock security, to refurbish, modify and upgrade the decommissioned facility. In late November, investigative publication amaBhungane revealed that, while 20 companies submitted bids, the evaluation criteria employed by PetroSA resulted in all but GazpromBank Africa being disqualified. This, despite concerns raised internally about the threat of sanctions, given that the US and the European Union had imposed sanctions on Russia after its invasion of Ukraine in early 2022. Cabinet spokesperson Khumbudzo Ntshavheni dismissed arguments that the partnership could posed a secondary sanctions risk, noting various exemptions in place, while highlighting that several other countries, including Brics bloc countries, had ongoing energy trade activities with Russian companies. In a separate briefing, PetroSA acting COO Sesakho Magadla reported that an independent legal opinion had been obtained, which concluded the sanctions risk to be low, owing to the fact that primary sanctions affected companies and individuals from those countries that had imposed the restrictions, while no secondary sanctions had, to date, been imposed on other countries. Magadla also suggested that "critical energy security", along with food and medicines, had been exempted from the sanctions. "This project falls within that description, because it is also critical for South Africa's energy security," she asserted. The tie-up with a Russian company could, however, have implications for PetroSA's plans to cooperate with TotalEnergies, of France, on the international energy group's Brulpadda and Luiperd fields, offshore the South African coast. However, PetroSA indicated that progress had slowed primarily because of pricing issues, with first gas only expected after 2030. "We cannot be sitting idle and waiting for 2030 while our plant is rotting," Magadla added. Ntshavheni noted that the partnership with GazpromBank Africa remained dependent on the FID decision, which would itself be informed by the outcome of a joint bankable business case. PetroSA is optimistic of reaching FID with GazpromBank Africa on what has been reported to be a R3.7-billion project during the first quarter of the 2024 calendar year. The company expects to achieve financial close by the end of the second quarter, after which it expects engineering and construction to be implemented over an 18-month period. PetroSA acting CEO Sandisiwe Ncemane argued that the reinstatement of the project would support security of fuel supply in the Eastern, Northern and Western Cape provinces in a context of declining domestic refining capacity. The company also argued that reinstating the GTL refinery as soon as possible would help prevent the asset, which it values at $2.85-billion, from further decay. However, it acknowledged that significant investment would be required to restart production...

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Repo Rate remains as is | Daily Friend Wrap

The Daily Friend Show

Play Episode Listen Later Nov 23, 2023 11:43

Sara Gon and Chris Hattingh discuss the Reserve Bank's MPC leaving the repo rate unchanged but with warnings for the future, PetroSA's proposed partnership with Russia's Gazprombank to restart the gas-to-liquids refinery in Mossel Bay, and how the Israel/Hamas war could end the ANC-EFF-PA coalitions in local government. Website · Facebook · Instagram · Twitter

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Bill outlines broad 'energy value chain' mandate for State petroleum company

Play Episode Listen Later Nov 14, 2023 3:24

Mineral Resources and Energy Minister Gwede Mantashe has released a draft Bill for public comment outlining the establishment of the South African National Petroleum Company (SANPC), which the proposed legislation defines as the "State's energy champion and facilitator of energy infrastructure across the energy value chain". The Bill states that the Minerals Resources and Energy Minister will be the sole shareholder of the SANPC. The proposed legislation outlines a consolidation of the entities currently associated with the Central Energy Fund (CEF) - including PetroSA, iGas, and the Strategic Fuel Fund (SFF) - and states that the company will pursue the "free carry model" outlined in the Upstream Petroleum Resources Development Bill, approved by the National Assembly in late October. While the proposed State-owned entity will focus primarily on oil and gas exploration and production, as well as midstream and downstream operations and infrastructure, the Bill outlines a broad mandate empowering the proposed entity to acquire, generate, manufacture, market or distribute "any form of energy", including renewable energy. Such a mandate may imply a possible overlap with Eskom, South Africa's vertically integrated electricity utility, which is itself undergoing far-reaching restructuring to separate its generation, transmission and distribution entities. Mantashe, who is a strong supporter of the continued exploration, development and use of fossil fuels in South Africa, has also indicated previously that a new State-owned company could seek to repurpose some of Eskom's retiring coal power stations to gas in a move that some commentators suggest reflects the Minister's aspiration to create an 'Eskom 2.0'. The proposal also featured during an explosive interview by eNCA of then Eskom CEO André de Ruyter, who revealed that he had received a request from the CEF to transfer Camden, Hendrina and Grootvlei to the CEF. For its part, the CEF defended its approach to Eskom as a request to intensify gas-to-power collaboration between the two State-owned entities. The official coal retirement plan has been thrown into question, however, amid intense power cuts and increasing political resistance to decommissioning, and there is a growing likelihood that the retirement schedule will be reviewed. This life-extension plan could well receive impetus from a report written by a Vgbe-led consortium and commissioned by the National Treasury. The report has not yet been published but is expected to make technical inputs on the feasibility of extending operations at the aged plants of Arnot, Camden and Hendrina. There has already been strong pushback against the recent retirement of Komati, even though the over 60-year-old station had only one of its nine units operating and producing at increasingly expensive rates when it was shut in late 2022. The Presidential Climate Commission recently provided President Cyril Ramaphosa with recommendations on how future decommissioning should be implemented, following extensive engagement with stakeholders relating to the Komati experience. A formal report from the commission is expected to be published soon. For its part, Eskom's latest Medium-Term System Adequacy Outlook confirms that the shutdown plan used in previous such reports is under review. Meanwhile, the Bill states iGas, PetroSA and SFF employees will be transferred to the SANPC once the legislation takes effect. The draft Bill was published in the Government Gazette on November 13, with a 30-day comment period.

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Bill outlines broad 'energy value chain' mandate for State petroleum company

SAfm Market Update with Moneyweb

Play Episode Listen Later Nov 14, 2023 3:24

Mineral Resources and Energy Minister Gwede Mantashe has released a draft Bill for public comment outlining the establishment of the South African National Petroleum Company (SANPC), which the proposed legislation defines as the "State's energy champion and facilitator of energy infrastructure across the energy value chain". The Bill states that the Minerals Resources and Energy Minister will be the sole shareholder of the SANPC. The proposed legislation outlines a consolidation of the entities currently associated with the Central Energy Fund (CEF) - including PetroSA, iGas, and the Strategic Fuel Fund (SFF) - and states that the company will pursue the "free carry model" outlined in the Upstream Petroleum Resources Development Bill, approved by the National Assembly in late October. While the proposed State-owned entity will focus primarily on oil and gas exploration and production, as well as midstream and downstream operations and infrastructure, the Bill outlines a broad mandate empowering the proposed entity to acquire, generate, manufacture, market or distribute "any form of energy", including renewable energy. Such a mandate may imply a possible overlap with Eskom, South Africa's vertically integrated electricity utility, which is itself undergoing far-reaching restructuring to separate its generation, transmission and distribution entities. Mantashe, who is a strong supporter of the continued exploration, development and use of fossil fuels in South Africa, has also indicated previously that a new State-owned company could seek to repurpose some of Eskom's retiring coal power stations to gas in a move that some commentators suggest reflects the Minister's aspiration to create an 'Eskom 2.0'. The proposal also featured during an explosive interview by eNCA of then Eskom CEO André de Ruyter, who revealed that he had received a request from the CEF to transfer Camden, Hendrina and Grootvlei to the CEF. For its part, the CEF defended its approach to Eskom as a request to intensify gas-to-power collaboration between the two State-owned entities. The official coal retirement plan has been thrown into question, however, amid intense power cuts and increasing political resistance to decommissioning, and there is a growing likelihood that the retirement schedule will be reviewed. This life-extension plan could well receive impetus from a report written by a Vgbe-led consortium and commissioned by the National Treasury. The report has not yet been published but is expected to make technical inputs on the feasibility of extending operations at the aged plants of Arnot, Camden and Hendrina. There has already been strong pushback against the recent retirement of Komati, even though the over 60-year-old station had only one of its nine units operating and producing at increasingly expensive rates when it was shut in late 2022. The Presidential Climate Commission recently provided President Cyril Ramaphosa with recommendations on how future decommissioning should be implemented, following extensive engagement with stakeholders relating to the Komati experience. A formal report from the commission is expected to be published soon. For its part, Eskom's latest Medium-Term System Adequacy Outlook confirms that the shutdown plan used in previous such reports is under review. Meanwhile, the Bill states iGas, PetroSA and SFF employees will be transferred to the SANPC once the legislation takes effect. The draft Bill was published in the Government Gazette on November 13, with a 30-day comment period.

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PetroSA dismisses claims it is worsening the loadshedding crisis

First Take SA

Play Episode Listen Later Oct 17, 2023 6:03

The Petroleum Oil and Gas Corporation of South Africa (PetroSA) says it is both unfounded and baseless that it is worsening the crisis of loadshedding by failing to supply Eskom with fuel. The fuel supplier says it engaged with Eskom in October 2022, requesting that the national power utility provides at least 3 months forecast of their demand due to losses that were realised by PetroSA linked to the erratic spot/ or promt demand. The purpose of this request was due to a trend that was developing where Eskom was increasing a burning rate and that would culminate in spot buying of cargos in the market. For more on this Elvis Presslin spoke to PetroSA Chief Operations Officer, Sesakho Magadla

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PetroSA, Jubilee South East Ghana partnership strikes oil

Play Episode Listen Later Oct 10, 2023 11:24

Sandisiwe Ncemane – Acting Group CEO, PetroSA SAfm Market Update - Podcasts and live stream

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PetroSA werk aan ommekeerstrategie

The Clement Manyathela Show

Play Episode Listen Later Jul 27, 2023 0:20

PetroSA sê hy werk daaraan om brandstofvoorsieningsprobleme op te los. Die waarnemende uitvoerende hoof, Sandisiwe Ncemane, sê die organisasie het die afgelope 18 maande ook sy leierskap bestendig gekry en sleutel-projekte aangevuur om 'n volledige ommeswaai te verseker. Sy sê PetroSA se mandaat op die oomblik is om mededingende, doeltreffende energie moontlik te maak en te verskaf en sekerheid oor energievoorsiening te bied:

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PetroSA plans to build gas-fired electricity plants

First Take SA

Play Episode Listen Later Mar 16, 2023 3:36

The Petroleum Oil and Gas Corporation of South Africa, PetroSA is planning to build a network of gas-fired electricity plants. The state-owned oil and gas company lodged an application in January this year to obtain a gas trading license. The company believes this initiative will produce and feed 180MW into the national grid. For more on this, Elvis Presslin spoke to PetroSA CEO, Ms. Sandisiwe Ncemane

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In conversation with the Petroleum Oil and Gas Corporation of South Africa (PetroSA)

Play Episode Listen Later Mar 14, 2023 43:35

Clement is joined by Petro SA CEO, Sandisiwe Ncemane looking at the recent progress made by the organisation following years of governance, financial and operational challenges. See omnystudio.com/listener for privacy information.

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PetroSA denies charging Eskom exorbitant prices for diesel

First Take SA

Play Episode Listen Later Feb 3, 2023 2:58

PetroSA has denied taking advantage of South Africa's energy crisis by charging Eskom exorbitant prices for diesel. The state-owned oil and gas company was responding to allegations made by energy analyst Chris Yelland, who says PetroSA is charging Eskom significantly higher prices for diesel than the basic fuel price. The struggling power utility is supplied diesel by PetroSA to power its two open-cycle gas turbine plants aimed at reducing higher levels of load shedding. Elvis Presslin spoke to Chris Yelland, an Energy analyst, and MD for EE Business Intelligence

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Gas seems to get too little airtime as a key solution to our electricity problem

Special reports

Play Episode Listen Later Jan 25, 2023 23:53

The Petroleum Agency of South Africa, PetroSA's acting CEO,Sandisiwe Ncemane, shares with Moneyweb what it is planning in the long term and what it is doing in the medium term. www.moneyweb.co.za

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South Africa's Ambitious Green Hydrogen Pipeline And World's Largest Hydrogen Refueling Station Picks Its Partner

The Hydrogen Podcast

Play Episode Listen Later Dec 5, 2022 12:20 Transcription Available

Welcome to The Hydrogen Podcast!In episode 169, South Africa talks hydrogen infrastructure, and Emerson wins a huge bid in South Korea. All this on today's hydrogen podcast.Thank you for listening and I hope you enjoy the podcast. Please feel free to email me at info@thehydrogenpodcast.com with any questions. Also, if you wouldn't mind subscribing to my podcast using your preferred platform... I would greatly appreciate it. Respectfully,Paul RoddenVISIT THE HYDROGEN PODCAST WEBSITEhttps://thehydrogenpodcast.comCHECK OUT OUR BLOGhttps://thehydrogenpodcast.com/blog/WANT TO SPONSOR THE PODCAST? Send us an email to: info@thehydrogenpodcast.comNEW TO HYDROGEN AND NEED A QUICK INTRODUCTION?Start Here: The 6 Main Colors of Hydrogen

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South Africa unveils R300bn green-hydrogen pipeline as its states ambition to be ‘destination of choice'

The Best of the Money Show

Play Episode Listen Later Nov 29, 2022 5:25

A R300-billion investment pipeline has been identified under South Africa's Green Hydrogen National Programme, which has been designated as a Strategic Integrated Project (SIP) for accelerated development under the country's Infrastructure Development Act. Speaking at the South Africa Green Hydrogen Summit in Cape Town on Tuesday, President Cyril Ramaphosa argued that government was seeking to use the programme to position the country as an “investment destination of choice” as countries in Europe and Asia sought to import green hydrogen to both decarbonise and bolster their energy security. South Africa, the President said, had the potential to produce up to 13-million tons of green hydrogen and derivatives a year by 2050. To do so would require between 140 GW and 300 GW of renewable energy, which would represent a massive scale up in a context where South Africa had procured only about 7 GW of wind and solar since 2011. South Africa's existing renewables generators are currently insufficient even to cover the electricity supply gaps left by Eskom's failing coal fleet, which has resulted in the country entering its most intensive period of loadshedding since power cuts were first introduced more than a decade ago. Ramaphosa said South Africa's strategy would embrace the export of green hydrogen and derivative products, such as green steel, sustainable aviation fuel, ammonia and fertilisers. The country would also seek to position itself to manufacture electrolysers, fuel cells and renewable-energy components. He again stressed South Africa's “inherent” green hydrogen production advantages, owing to its world-class wind and solar endowments. These advantages were amplified, moreover, by the fact that companies such as Sasol and PetroSA had expertise in using hydrogen in the production of synthetic fuels and chemicals, with South Africa already producing 2.4-million tons of grey hydrogen yearly for domestic consumption. “We are driving regulatory and legislative reform to make our economy more competitive, to attract more investment and to create more jobs,” he added. A total of 19 green hydrogen projects had been identified for development, nine of which having been formally registered with Infrastructure South Africa, an initiative of the Ministry of Public Works and Infrastructure and The Presidency to accelerate infrastructure investment. Public Works and Infrastructure Minister Patricia de Lille announced that the Green Hydrogen National Programme had been included in an updated list of SIPs to be listed in an upcoming Government Gazette. Projects identified as SIPs are theoretically placed on an expedited path to development, with prescribed and shortened timeframes for various project approvals and authorisations. De Lille confirmed that the Gazette would include the Prieska Power Reserve, the Ubuntu Green Hydrogen Project, the Hydrogen Valley developments, the Boegoebaai Green Hydrogen Development and the Saldanha Bay Hydrogen Project. Providing an update on the flagship Boegoebaai project, Ramaphosa said that Sasol and the Northern Cape provincial government had made significant progress on the master plan for a green hydrogen special economic zone (SEZ), which aims to support 40 GW of electrolyser capacity by 2050. “This would require approximately 80 GW of renewable energy, which is almost double South Africa's current installed electricity generation capacity. “Transnet has issued a request for proposals for the development of the port and rail project, which could see the port developed by 2028.” Western Cape Premier Alan Winde highlighted that he and Northern Cape Premier Zamani Saul had signed heads of agreement for the two provinces to collaborate on the so-called Western Southern African Development Community Green Hydrogen Corridor to produce green hydrogen for the global and local markets. Under the agreement, the provinces, which both have green hydrogen strategies, will seek to kickstart projects such as...

PetroSA's diesel supply to Eskom questioned

The Weekend View

Play Episode Listen Later Nov 27, 2022 6:29

On Thursday Eskom downgraded load shedding to stage 2 during the nights through this weekend courtesy of new diesel reserves making it to the power utility. Eskom received the major lifeline from PetroSA in the form of 50 million litres of diesel to keep its open-cycle gas turbines running. The turbines are meant to be run only during peak energy demand periods when the normal coal stations cannot handle the surplus. Some experts say as Eskom itself is in a financial bind, the latest diesel delivery means PetroSA is essentially now supplying diesel to Eskom on a credit basis. We spoke to Energy expert, Prof. Mark Swilling from Stellenbosch University

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Monitor 25 November 2022

Monitor

Play Episode Listen Later Nov 25, 2022 38:07

Die repokoers word weer met 75 basispunte verhoog. Eskom kry 50 miljoen liter diesel van PetroSA vir noodkragopwekking. Byna 40 miljoen kinders het verlede jaar 'n geskeduleerde entstofdosis teen masels misgeloop.

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Eskom receives diesel supply from PetroSA

The Money Show

Play Episode Listen Later Nov 24, 2022 77:10

Bruce is joined by the Solutions Oriented Energy Analyst at Virtual Energy and Power, Clyde Mallinson and The Editor at Former Editor Business Day, Peter Bruce to unpack 50 million litres of diesel for the national power utility Eskom from state-owned PetroSA. South African Reserve Bank Hikes Rate by 7% The Chief Economist at Alexander Forbes, Isaah Mhlanga discusses the Reserve Bank hikes rates, The MPC decided to increase the repurchase rate by 75 basis points to 7% with effect from the 25th of November 2022.See omnystudio.com/listener for privacy information.

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The indebted Eskom gets a lifeline of diesel from PetroSA, but no one knows how it will pay for it

Play Episode Listen Later Nov 24, 2022 14:12

Guest: Clyde Mallinson | Solutions Oriented Energy Analyst at Virtual Energy and Power (VEP) Peter Bruce | Editor at Former Editor Business Day Isaah MhlangaSee omnystudio.com/listener for privacy information.

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Niall Kramer on energy security in South Africa

Solutions With David Ansara

Play Episode Listen Later Feb 20, 2022 35:24

In this episode of the Solutions With David Ansara podcast, I speak with former oil and gas executive, Niall Kramer, about energy security in South Africa. This conversation was prompted by the recent closure of South Africa's largest fuel refinery, Sapref. While SA can still import fuel into the country, what will the decline of our local refining capability mean for the cost and quality of fuel at the pump? Niall and I also explore the broader energy regulatory framework in SA, and whether it is fit for purpose. Recent gas discoveries at Brulpadda and off the coast of the Transkei have the potential to radically transform our energy mix in South Africa, Niall says. However, activism from environmentalists is holding up this exploration activity, and our policy framework is also inhibiting our ability to harness these natural endowments. We also discuss whether SA ought to be moving towards renewable energy and what role natural gas could play in alleviating our chronic electricity shortages. TIMESTAMPS (00:00) Introduction (00:44) Niall Kramer on the closure of the Sapref refinery (04:26) Niall Kramer on the cost and quality of fuel in SA (08:48) Niall Kramer on harnessing SA's local gas resources (16:36) Niall Kramer on energy policy in SA (20:53) Niall Kramer on global energy prices (23:11) Niall Kramer on fixed vs. flexible fuel pricing (24:51) Niall Kramer on PetroSA (26:36) Niall Kramer on the future of energy in SA (28:53) Niall Kramer on renewable energy (34:10) Conclusion

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Monitor 27 Januarie 2022 - Deel 1

Monitor

Play Episode Listen Later Jan 27, 2022 40:19

Die ANC vra die polisie om die saak van die geskorste provinsiale minister van Gemeenskapsveiligheid, Atbert Fritz, te ondersoek. 'n Mediese span van Tygerberg-hospitaal verwyder 'n groot gewas uit 'n 35 week oue fetus. Sowat 850 werknemers van die staatsonderneming, PetroSA, kan in die pad gesteek word.

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07 Epic Wins, Crunch Time

Play Episode Listen Later Jun 24, 2021 26:15

Nokuthula Mgwebile is the managing director of Sinac Group - a 100% black woman and youth owned company providing consultation, technical components in specialist services. A qualified nuclear power technician with an extensive background working at such esteemed corporations as Koeberg Nuclear Power Station, Chevron Refinery in Milnerton Cape Town and PetroSA refinery in Mosselbay. Thuli is a chemical engineering and industrial engineering graduate and through her company Sinac, she entered a strategic partnership with GECI International, a cyber solutions specialist. In addition Sinac provides business development services to GECI. She is a board member at the India - South Africa Business Chamber of Commerce, a BRICS initiative. She is chair person at the Women's Business Network and Abafazi Rural Co-Op, a farming initiative in Malmesbury. She is also a wife and a mom. She has a comprehensive understanding of navigating the business terrain and is able to provide assistance for other entrepreneurs who wish to begin their own businesses, but have no idea where or how to start. Thuli will give you the inside scoop on how to go about approaching Government for assistance in start up enterprises. She has experience with tenders and bidding. Thuli started Sinac in 2013 and waited until 2016 to register the business. She explains the advantage of strategic planning to ensure that your newly formed company isn't prone to wasteful expenditure. She has her eye on the ball and understands that a business in much more than just being registered. There is the customer relationship component that is fundamental to getting and keeping new clients. Tune in to hear the best advice on how to become a successful entrepreneur in a crowded field. She has grown her business by expanding the services offered and her staff contingent providing employment opportunities.

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06 Self Love w/ Mhlobo Wenene

Play Episode Listen Later Jun 11, 2021 21:29

Nokuthula Mgwebile is the managing director of Sinac Group - a 100% black woman and youth owned company providing consultation, technical components in specialist services. A qualified nuclear power technician with an extensive background working at such esteemed corporations as Koeberg Nuclear Power Station, Chevron Refinery in Milnerton Cape Town and PetroSA refinery in Mosselbay. Thuli is a chemical engineering and industrial engineering graduate and through her company Sinac, she entered a strategic partnership with GECI International, a cyber solutions specialist. In addition Sinac provides business development services to GECI. She is a board member at the India - South Africa Business Chamber of Commerce, a BRICS initiative. She is chair person at the Women's Business Network and Abafazi Rural Co-Op, a farming initiative in Malmesbury. She is also a wife and a mom. She has a comprehensive understanding of navigating the business terrain and is able to provide assistance for other entrepreneurs who wish to begin their own businesses, but have no idea where or how to start. Thuli will give you the inside scoop on how to go about approaching Government for assistance in start up enterprises. She has experience with tenders and bidding. Thuli started Sinac in 2013 and waited until 2016 to register the business. She explains the advantage of strategic planning to ensure that your newly formed company isn't prone to wasteful expenditure. She has her eye on the ball and understands that a business in much more than just being registered. There is the customer relationship component that is fundamental to getting and keeping new clients. Tune in to hear the best advice on how to become a successful entrepreneur in a crowded field. She has grown her business by expanding the services offered and her staff contingent providing employment opportunities.

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02 Surprise Them!

Play Episode Listen Later Jun 10, 2021 42:12

Nokuthula Mgwebile is the managing director of Sinac Group - a 100% black woman and youth owned company providing consultation, technical components in specialist services. A qualified nuclear power technician with an extensive background working at such esteemed corporations as Koeberg Nuclear Power Station, Chevron Refinery in Milnerton Cape Town and PetroSA refinery in Mosselbay. Thuli is a chemical engineering and industrial engineering graduate and through her company Sinac, she entered a strategic partnership with GECI International, a cyber solutions specialist. In addition Sinac provides business development services to GECI. She is a board member at the India - South Africa Business Chamber of Commerce, a BRICS initiative. She is chair person at the Women's Business Network and Abafazi Rural Co-Op, a farming initiative in Malmesbury. She is also a wife and a mom. She has a comprehensive understanding of navigating the business terrain and is able to provide assistance for other entrepreneurs who wish to begin their own businesses, but have no idea where or how to start. Thuli will give you the inside scoop on how to go about approaching Government for assistance in start up enterprises. She has experience with tenders and bidding. Thuli started Sinac in 2013 and waited until 2016 to register the business. She explains the advantage of strategic planning to ensure that your newly formed company isn't prone to wasteful expenditure. She has her eye on the ball and understands that a business in much more than just being registered. There is the customer relationship component that is fundamental to getting and keeping new clients. Tune in to hear the best advice on how to become a successful entrepreneur in a crowded field. She has grown her business by expanding the services offered and her staff contingent providing employment opportunities.

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03 They Lied

Play Episode Listen Later Jun 10, 2021 30:52

Nokuthula Mgwebile is the managing director of Sinac Group - a 100% black woman and youth owned company providing consultation, technical components in specialist services. A qualified nuclear power technician with an extensive background working at such esteemed corporations as Koeberg Nuclear Power Station, Chevron Refinery in Milnerton Cape Town and PetroSA refinery in Mosselbay. Thuli is a chemical engineering and industrial engineering graduate and through her company Sinac, she entered a strategic partnership with GECI International, a cyber solutions specialist. In addition Sinac provides business development services to GECI. She is a board member at the India - South Africa Business Chamber of Commerce, a BRICS initiative. She is chair person at the Women's Business Network and Abafazi Rural Co-Op, a farming initiative in Malmesbury. She is also a wife and a mom. She has a comprehensive understanding of navigating the business terrain and is able to provide assistance for other entrepreneurs who wish to begin their own businesses, but have no idea where or how to start. Thuli will give you the inside scoop on how to go about approaching Government for assistance in start up enterprises. She has experience with tenders and bidding. Thuli started Sinac in 2013 and waited until 2016 to register the business. She explains the advantage of strategic planning to ensure that your newly formed company isn't prone to wasteful expenditure. She has her eye on the ball and understands that a business in much more than just being registered. There is the customer relationship component that is fundamental to getting and keeping new clients. Tune in to hear the best advice on how to become a successful entrepreneur in a crowded field. She has grown her business by expanding the services offered and her staff contingent providing employment opportunities.

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04 Doubts, Fears and Epic Failures

Play Episode Listen Later Jun 10, 2021 39:16

Nokuthula Mgwebile is the managing director of Sinac Group - a 100% black woman and youth owned company providing consultation, technical components in specialist services. A qualified nuclear power technician with an extensive background working at such esteemed corporations as Koeberg Nuclear Power Station, Chevron Refinery in Milnerton Cape Town and PetroSA refinery in Mosselbay. Thuli is a chemical engineering and industrial engineering graduate and through her company Sinac, she entered a strategic partnership with GECI International, a cyber solutions specialist. In addition Sinac provides business development services to GECI. She is a board member at the India - South Africa Business Chamber of Commerce, a BRICS initiative. She is chair person at the Women's Business Network and Abafazi Rural Co-Op, a farming initiative in Malmesbury. She is also a wife and a mom. She has a comprehensive understanding of navigating the business terrain and is able to provide assistance for other entrepreneurs who wish to begin their own businesses, but have no idea where or how to start. Thuli will give you the inside scoop on how to go about approaching Government for assistance in start up enterprises. She has experience with tenders and bidding. Thuli started Sinac in 2013 and waited until 2016 to register the business. She explains the advantage of strategic planning to ensure that your newly formed company isn't prone to wasteful expenditure. She has her eye on the ball and understands that a business in much more than just being registered. There is the customer relationship component that is fundamental to getting and keeping new clients. Tune in to hear the best advice on how to become a successful entrepreneur in a crowded field. She has grown her business by expanding the services offered and her staff contingent providing employment opportunities.

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05 Overcome!

Play Episode Listen Later Jun 10, 2021 33:52

Nokuthula Mgwebile is the managing director of Sinac Group - a 100% black woman and youth owned company providing consultation, technical components in specialist services. A qualified nuclear power technician with an extensive background working at such esteemed corporations as Koeberg Nuclear Power Station, Chevron Refinery in Milnerton Cape Town and PetroSA refinery in Mosselbay. Thuli is a chemical engineering and industrial engineering graduate and through her company Sinac, she entered a strategic partnership with GECI International, a cyber solutions specialist. In addition Sinac provides business development services to GECI. She is a board member at the India - South Africa Business Chamber of Commerce, a BRICS initiative. She is chair person at the Women's Business Network and Abafazi Rural Co-Op, a farming initiative in Malmesbury. She is also a wife and a mom. She has a comprehensive understanding of navigating the business terrain and is able to provide assistance for other entrepreneurs who wish to begin their own businesses, but have no idea where or how to start. Thuli will give you the inside scoop on how to go about approaching Government for assistance in start up enterprises. She has experience with tenders and bidding. Thuli started Sinac in 2013 and waited until 2016 to register the business. She explains the advantage of strategic planning to ensure that your newly formed company isn't prone to wasteful expenditure. She has her eye on the ball and understands that a business in much more than just being registered. There is the customer relationship component that is fundamental to getting and keeping new clients. Tune in to hear the best advice on how to become a successful entrepreneur in a crowded field. She has grown her business by expanding the services offered and her staff contingent providing employment opportunities.

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01 Take Responsibility Free Yourself