Sasol Limited Company News

Recent Articles

Results 50 articles shown

LyondellBasell to Acquire $2B Stake in Sasol Unit
The deal is subject to a vote by shareholders.
8:00 PM EST | October 01, 2020
West Africa FPSO Contract Extended
BW Offshore reported that it has secured a one-year contract extension.
8:00 PM EST | July 22, 2020
Sasol Pushes Back US Plant Unit Startup
Sasol Ltd. warned of a further delay at its giant U.S. chemicals project.
8:00 PM EST | July 22, 2020
Sasol Brings New Units Online in Louisiana
Sasol's fifth and sixth units at its Lake Charles Chemicals Project have achieved beneficial operations.
8:00 PM EST | June 23, 2020
Historic Oil Market Event Highlights US Refinery Rejection
Find out which Rigzone articles linked to the downstream were most popular during the past week.
8:00 PM EST | April 23, 2020
Sasol to Divest Stake in $13B US Chemical Plant
The move highlights Sasol's need for cash as it struggles with debt taken on to develop the Lake Charles complex in Louisiana.
8:00 PM EST | April 20, 2020
Sasol's $13B US Mistake Costs Co-CEOs Their Jobs
Sasol fired its co-CEOs Bongani Nqwababa and Stephen Cornell after an investigation found serious mismanagement in the development of a $13 billion chemicals plant in the U.S.
8:00 PM EST | October 27, 2019
Big Oil Plans to Unleash a Flood of Plastic From US Gulf
The world's biggest oil and chemical companies are about to unleash a tidal wave of plastic raw materials by the mid-2020s.
8:00 PM EST | July 09, 2019
Louisiana Petchems Project Hits Milestone
Sasol's petrochemical complex in Westlake, La. PHOTO SOURCE: Business Wire
8:00 PM EST | March 18, 2019
Sasol Ups Cost of Lake Charles Project
The facility's price tag has gone up by 4.2 to 6 percent.
7:00 PM EST | February 07, 2019
Sasol Mulls Refinery Sale Due to Cleaner Fuel Policy
Sasol is looking at options including the possible sale of a refinery due to the country's pending cleaner fuel standards.
8:00 PM EST | August 19, 2018
Union Cleared To Strike Over Black Employees' Scheme At S. Africa's Sasol
South African government mediators cleared the Solidarity trade union to strike in a dispute with Sasol.
8:00 PM EST | June 13, 2018
Statoil Quits Talks Over Stake In Mozambique Offshore Gas Block
Statoil pulls out of negotiations to take a 25.5% stake in a gas block off Mozambique.
7:00 PM EST | January 28, 2018
Sasol Shifts Strategy, Evaluates Chemical Business Split
Sasol will consider carving out a separate company from its expanding chemicals business.
7:00 PM EST | November 28, 2017
Sasol Plans More Hiring for Louisiana Project
Company hits milestone for $11 billion ethane cracker and derivatives project.
8:00 PM EST | October 11, 2017
Sasol Tempers Return Expectations for $11 Billion Project
Sasol lowered estimated returns at its $11 billion Lake Charles chemicals project in the US and said it's disputing a revised tax bill in South Africa.
8:00 PM EST | August 20, 2017
Natref Refinery To Reach Full Output This Weekend After Disruption
South Africa's 108,000 barrel-a-day Natref refinery, operated by Sasol and Total will reach full output this weekend.
8:00 PM EST | August 03, 2017
Falcon Updates on Drilling Ops at Amungee NW-1H Well in Beetaloo Basin
Falcon Oil and Gas (O&G) updates on hydraulic stimulation of the Amungee NW-1H well in Beetaloo Basin in Australia's Northern Territory.
8:00 PM EST | September 29, 2016
South Africa's Sasol: No Impact on its Refineries from Strike
South African oil firm Sasol says there is no impact on its oil refinery or coal-to-liquid plant after a union went on strike over wages.
8:00 PM EST | July 27, 2016
South Africa Oil Workers' Strike Could Hit Refineries
South African energy workers plan to strike indefinitely from Thursday over pay, according to a union.
8:00 PM EST | July 26, 2016
Falcon O&G Provides Update on Drilling Ops in Beetaloo Basin in Australia
Falcon Oil & Gas provides update on drilling operations in the Beetaloo Basin in Australia's Northern Territory.
8:00 PM EST | July 25, 2016
Amec Foster Wheeler Secures Sasol Services Contract
Amec secures a detailed design and engineering contract with Sasol Petroleum Mozambique Limitada for Phase 1 Tranche 1 of the PSA development for surface facilities in Temane, Mozambique.
8:00 PM EST | June 12, 2016
Sasol Set for Its Biggest Decline Since 1998 on Writedowns
Sasol Ltd. was set for the biggest decline in more than 17 years after saying fiscal full-year profit will drop by as much as 30 percent following writedowns.
8:00 PM EST | June 05, 2016
Falcon Outlines Drilling Plans for its Australia's Beetaloo Basin Assets
Falcon Oil & Gas outlines plans for drilling at its Beetaloo Basin assets in Australia's Northern Territory.
8:00 PM EST | April 28, 2016
Falcon Prepares for Australia's Beetaloo Basin Drilling & Testing Program
Falcon Oil & Gas prepares for the 2016 Beetaloo drilling and testing program for in Australia.
7:00 PM EST | March 09, 2016
Africa-Focused Energy Companies Prioritize Cost Savings
Sasol and Tower Resources reveal their intentions to prioritize cost savings in 2016 amid the low oil price environment.
7:00 PM EST | March 06, 2016
Falcon Reports Excellent Gas Shows at Amungee NW-1H Well in Beetaloo Basin
Falcon Oil & Gas says excellent gas shows were encountered during drilling of the Amungee NW-1H well in permit EP98 in the Beetaloo Basin in Australia's Northern Territory.
7:00 PM EST | November 18, 2015
Origin Spuds Amungee NW-1 Well in EP98 in Australia's Beetaloo Basin
Origin Energy spuds the Amungee NW-1 well in exploration permit EP98 in the Beetaloo Basin, Northern Territory, Australia.
8:00 PM EST | September 08, 2015
Sasol's CEO and President to Step Down in May Next Year
Sasol CEO David Constable will step down form the South African oil firm next May.
8:00 PM EST | June 07, 2015
Falcon O&G and Partners Prepare for Drilling Program in NT's Beetaloo Basin
Falcon Oil & Gas and partners prepare for a drilling program in the Beetaloo Basin permits in Australia's Northern Territory in mid-2015.
8:00 PM EST | April 29, 2015
Sasol Eyes Angola, Ghana and Tanzania Opportunities
South Africa's Sasol is eyeing potential expansion into Angola, Ghana and Tanzania but Mozambique remains its immediate focus, says its chief executive.
8:00 PM EST | September 07, 2014
Origin, Sasol Ink Deal to Farm-in to 3 Permits in NT's Beetaloo Basin
Origin Energy and Sasol ink deal to farm-in to three exploration permits in Beetaloo Basin in Australia's Northern Territory with Falcon Oil & Gas Australia.
8:00 PM EST | May 04, 2014
Sasol Considers Selling PNG Assets
Sasol says it is mulling the sale of its natural gas exploration assets in Papua New Guinea.
8:00 PM EST | April 04, 2013
Sasol Acquires Additional Stake in Canada Shale Gas
Sasol said it is deepening its strategic relationship with Talisman by purchasing $1.08B in Canadian shale gas assets.
7:00 PM EST | March 07, 2011
Talisman to Sell Slice in Canadian Shale for $1.04B
Talisman will sell a 50% working interest in its Farrell Creek assets to Sasol for a total consideration of C $1.05 billion ($1.04B).
7:00 PM EST | December 19, 2010
Etame Oil Production Commences
VAALCO Energy today provided an update on its horizontal development well (ET-7H) in a known separate fault block in the Etame field and on its exploration well (ETOMG-1) on the Omangou prospect, both wells located offshore Gabon.
7:00 PM EST | December 08, 2010
Sasol Spotlights Senior Executive Appointments
Sasol announced the promotion of Mr. Maurice Radebe, current managing director (MD) of Sasol Oil, to the Sasol Group Executive Committee.
8:00 PM EST | September 28, 2010
Sasol Seals Exploration Deal in Mozambique
Sasol has signed an agreement to explore for gas in concession Area A covering approximately 8370km2 onshore Mozambique.
8:00 PM EST | September 21, 2010
Sasol, Petronas Add Interest Offshore Mozambique
Sasol and PETRONAS announced the joint assignment of a 15% participating interest in the M-10 Block, offshore Mozambique to Empresa Nacional de Hidrocarbonetos (ENH).
8:00 PM EST | August 23, 2010
Sasol, Statoil, Chesapeake Form JV to Explore Karoo Shale
Sasol announced the award of a joint application with Statoil and Chesapeake for an onshore petroleum Technical Cooperation Permit in South Africa
8:00 PM EST | July 18, 2010
Finder Farms-Out AC/P-52 Interest to Sasol
Finder Exploration has entered into a farm-out agreement which provides for Sasol Petroleum Australia Limited to earn 45% in exploration permit AC/P 52.
7:00 PM EST | January 11, 2010
VAALCO Buys More Time for Etame Permit Off Gabon
VAALCO Energy has successfully negotiated an extension to its Etame Marin Exploration Permit offshore Gabon three years beyond the original expiration date of July 2011.
7:00 PM EST | November 30, 2009
Sasol Signs on with Statoil, Chesapeake for South African Exploration Right
Sasol has announced joint application with Statoil ASA and Chesapeake Energy Corporation for onshore petroleum Exploration Rights in South Africa.
7:00 PM EST | November 24, 2009
Sasol Pleased with Njika-1 Results
Sasol completed the Njika-1 exploration well on Block 16/19 offshore Mozambique. Located in 460 meters of water, the well indicated the presence of gas and is currently being tested to determine commerciality.
7:00 PM EST | November 19, 2008
Sasol Teams Up with Petronas for Exploration Offshore Mozambique
Sasol and Petronas have entered a strategic partnership covering an offshore hydrocarbon exploration program in Mozambique in Blocks 16 & 19, where drilling commenced in early October.
7:00 PM EST | November 02, 2008
Sasol Grabs 51% WI in 4 Papua New Guinea Licenses
Sasol Petroleum International obtained a 51% working interest in four hydrocarbon prospecting licenses covering a land area of 37,000 square kilometers, close to established gas fields in the foreland area of Papua New Guinea.
8:00 PM EST | September 02, 2008
Sasol Nabs 30% Interest from JV's Exploration Permit Offshore Australia
Oilex advised that the Joint Venture entered into a Farmout Agreement under which each party will assign a 6% participating interest in the Exploration Permit WA 388P to Sasol Petroleum Australia Ltd.
8:00 PM EST | August 11, 2008
Sasol, ENH Ink Rig,Towing Contracts for Mozambique Project
Sasol and ENH have announced the finalization of drilling and towing contracts to pursue its hydrocarbon exploration project in offshore Mozambique. Drilling operations will start during the third quarter of 2008.
8:00 PM EST | July 15, 2008
OGEC Cracow Expands into Kazakhstan, Latvia and Africa
Oil & Gas Exploration Company Cracow Ltd., a member of PGNiG SA Capital Group, has signed new contracts in Asia, Africa and Europe.
8:00 PM EST | May 19, 2008
Petrofac's SPD Lands Mozambique Subsea Contract Worth Millions
The multi-million dollar contract, signed by both parties this week, and which has a minimum estimated duration of three years, includes a drilling program of two firm and four optional wells.
7:00 PM EST | January 23, 2008