Shell and BP dump South African refinery

Shell and BP dump South African refinery

The Central Energy Fund (CEF) has received approval from the Competition Commission to acquire the assets of the defunct SAPREF Refinery.  This acquisition is seen as a strategic move to bolster South Africa’s energy security and create new economic opportunities. The...
Arctic ‘dirty fuel’ ban for ships comes into force

Arctic ‘dirty fuel’ ban for ships comes into force

Many oil and gas tankers in the Arctic use Heavy fuel Oil to power their engines A ban on the dirtiest and most climate-damaging fuel for ships has come into effect in Arctic waters. Heavy Fuel Oil (HFO) is a tar-like, thick but relatively cheap oil that is widely...