Tag: natural gas

Africa is making slow, steady progress towards energy security, which will only be enhanced through collaboration. Energy access is undeniably one of the most crucial components of modern day living. Reliable energy supply ensures that economies are growing by supporting critical industries like mining, manufacturing, agriculture, healthcare and education, while improving the lives of billions of people.

As the global energy landscape undergoes a transformative shift, hydrogen emerges as a compelling substitute for traditional fossil fuels, poised to play a pivotal role in the evolving energy transition. With the energy transition market valued at US$183 billion in 2022 and anticipated to surge to US$317 billion by 2032, hydrogen stands out as a key player in this dynamic evolution.

With South Africa reaching an agreement to launch $1 billion blended finance fund to accelerate the development of the green hydrogen sector, the country is well on its way to pursue and harness this energy resource.

At a time when the country is facing a significant energy crisis, the report provides a consolidated overview of the electricity market from consumption to generation to financing. We have launched our South Africa-focused market report, providing a comprehensive overview of the state of play of the country’s energy sector.

When most people hear the word "gas", they're automatically inclined to think about the type of gas that pumps directly into their fuel tank. But petroleum gas is the most common gasoline fuel we encounter daily, it is only one "type" of gas.

As we continue to strive for a cleaner planet, governments, industries, and organisations around the world are uniting to build a sustainable future. The time is ripe to explore innovations and technologies that can work to reduce carbon emissions and help to facilitate better resource efficiency.

South African fuel prices increased again on 3 November and petrol price is now at 33.9% this year with the Automobile Association of South Africa (AA) warning that R20 per litre could still be on the cards for by year end. The main reason for the pressure on local fuel prices has been a sharp increase in the brent crude oil price over the past few months.

The 'Decarbonisation Transition' is set to introduce an entirely new set of rules, challenges and opportunities. According to our latest research, Decarbonising Energy, from A to Zero, transforming the fossil fuel-based energy system to one that is sustainable and decarbonised is one of humanity’s greatest challenges, and greatest opportunities to make global energy supplies more available and affordable than ever before.

In late 2019, as the African oil and gas industry was looking to the future with optimism, an Offshore Engineer wrote that the continent had reason to expect a 'more productive 2020'. Instead, the unforeseen happened, and the COVID-19 pandemic had a devastating impact on the oil and gas industry in Africa and around the world.

The ‘potential’ of recent gas finds has given rise to false claims that gas will generate economic prosperity for the country. The reality is that it will be at least a decade, possibly two, before we see any significant impact. In the meantime, the climate impacts will be huge, and we will lock ourselves in to a new fossil fuel system, which is expensive and unnecessary.