Entries by CEF (SOC) Ltd

Refocused CEF strategy yields improved financial results.

Tuesday, 08 November 2016                                  MEDIA STATEMENT                                                  CEF SOC Ltd, South Africa’s national energy utility returns to profitability and celebrates a historic unqualified audit opinion issued by the Auditor General (AG). Highlights for the 2015/16 financial year: Recorded a net profit of R259 million (2014/15: loss of R14.2 billion) R600 million invested into the […]

SFF Chevron expression of interest CEF response media release

1 July 2016                                               Media Statement                                                                                                                                                                           Response from CEF Group on SFF’s Expression of interest to Chevron SA The CEF Board of Directors met to consider reports that the Strategic Fuel Fund has expressed interest in acquiring Chevron SA assets. The board established that these reports were correct and that the actions of SFF […]

Statement issued by the Central Energy Fund on the SFF rotation of strategic stocks.
26 May 2016

The Board of the Central Energy Fund has noted the article in the Business Day of 26th May 2016, titled “Strategic Stock sold off secretly”. We wish to correct the impression created by the article that there are issues based on the misunderstanding of the management of strategic stock. The article makes particular incorrect assertions, […]

Vast majority of SA’s offshore oil and gas blocks already under licence, application

Interest in oil and gas exploration off South Africa’s coast has, in the past four years, accelerated to such an extent that nearly all the country’s offshore exploration blocks are under licence or under application for exploration by independent companies, Petroleum Agency SA geologist Jonathan Salomo told delegates at the Gas Africa conference. “There has […]

PetroSA rethinks Mossel Bay gas terminal

Plans to establish a floating liquefied natural gas (FLNG) import terminal in Mossel Bay will no longer be pursued, PetroSA said on Tuesday. The decision was made by the Petroleum Oil and Gas Corporation of SA (PetroSA) and the country’s National Oil Company (NOC), it said in a statement. The location was found to be […]

Government ready to move forward with fracking

Government says it is ready to regulate and monitor companies that have expressed an interest in exploring shale gas in the country. Thibedi Ramontja, the Director-General of the Mineral Resources Department, said the draft regulations will, once finalised, be effective to deal with the risks that exploration might pose to the environment. Ramontja was briefing […]

CNG could keep Mossel Bay GTL plant alive

PetroSA is understood to be considering importing CNG to keep its 45,000 barrel per day Mossel Bay GTL refinery operational, although it has abandoned plans to import LNG. While PetroSA has not publically announced the CNG plans, Interfax understands that in April the company sent out a request for advice pertaining to a project to […]