THE SMART NEWS SOURCE | Feb 10 2012 12:22 | LAST UPDATED Feb 10 2012 12:22 |
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Business
Local oil companies brace for US-sanctions falloutUnited States sanctions on Iranian oil exports set to impact local refiners. Power crunch
Eskom's plight dims GDP outlookSupply constraints, double-digit price hikes and power outages are taking their toll on the economy, experts say. And brace for more load-shedding. Maputo punted as key choice for SA coalMaputo is heating up as a magnet for companies aspiring to be significant South African coal exporters, following a Vitol joint venture deal. Not just now. Now! Eskom urges SA to cut power useEskom says South Africans have to reduce their electricity use by a tenth, so it can take power stations offline for dangerously overdue maintenance. R120-billion clean power boomBids will bring 3 750 megawatts of alternative energy on to the grid within the next three years at a total cost of R120-billion. Renewable energy
Black cloud over China’s green growthChina making huge strides in using green energy but coal consumption continues to increase. Energy
Private providers out in the coldEnergy amendment Bills centralise rather than devolve powers, industry insiders say. Oil import cuts from Iran poses problems for SAShould sanctions halt or cut the export of oil from Iran to South Africa, the department of energy says the country would struggle to fill the gap. Nersa postpones energy regulator public hearingsNersa has postponed its public hearings on raised tariffs and price determination, pending the finalisation of its electricity pricing policy. Oil
Barrelling towards fuel shortagesThe government must prepare immediately for disruptions in crude oil supply from Iran. Tight budgets put a damper on renewables investmentExperts are warning that a global economic slowdown and the eurozone debt crisis have curbed government investment in renewable energy. Recycling levy placed on tyresWaste management director Nolwazi Cobbinah says a recycling levy on tyres will become effective next month for the collection and recycling of tyres. Energy
Celebrity showbiz tactics leave us in the fracking darkAnti-fracking lobby group gets celebrity to be the face of its campaign. Energy
Eskom 'must put SA’s needs first'In the face of the threat of load shedding, Eskom is being challenged to cut back on exports. Eskom says power system's performance has improvedEskom says the performance of the country's power system has improved since Monday, with the parastatal saying it would continue to be on alert. SA 'undecided' on Iran oil sanctionsPretoria has yet to decide how it will respond to a call by the US to decrease oil imports from Iran -- the source of 25% of SA's overall supply. Fedusa raises concerns about Eskom's blackoutsFedusa says it is worried that Ethe high risk of power outages announced by Eskom could affect households and businesses for the rest of the month. Load shedding looms: Eskom warns of rolling blackoutsEskom has warned of a very high risk of rolling blackouts around SA, but says it has been doing everything it can to avert the "load-shedding". Norway
Major oil discovery in Barents SeaNorway's Statoil has announced a major oil discovery in the Barents Sea that could contain up to 300 million barrels of crude. Oil falls to nearly $101 ahead of Europe meetingOil prices fell to near $101 a barrel on Monday in Asia amid investor concern over the outcome of a meeting between the leaders of Germany and France. TOPICS IN THIS SECTION
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