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South African Court Halts Shell’s Oil Exploration In Whale Breeding Grounds
Dec. 30, 2021
Source: Clean Technica

South African Court Halts Shell’s Oil Exploration In Whale Breeding Grounds

A South African court has stopped Shell’s seismic testing for oil and gas along the nation’s eastern coastline, the BBC has reported, adding that this is pending a final ruling. Now This News also shared that the Wild Coast is also an area where whales breed. The article noted that environmentalists are worried that Shell, which said that it had paused operations while reviewing the judgment, could cause harm to marine life.

Oil extends gains with fears eased over COVID-19 variant
Dec. 14, 2021
Source: TAG News

Oil extends gains with fears eased over COVID-19 variant

"Almaty. December 14. KazTAG - Oil prices increased on Monday with concerns eased over the impact of the new COVID-19 omicron variant on the global economic recovery and fuel demand, reports Anadolu Agency. International benchmark Brent crude was trading at $75.97 per barrel at 0723 GMT for a 1.09% increase after closing the previous session at $75.15 a barrel. American benchmark West Texas Intermediate (WTI) was at $72.39 per barrel at the same time for a 1% gain after trade ended at $71.67 a barrel in the previous session."

South Africa: Environmentalists protest Shell exploration
Dec. 6, 2021
Source: One India

South Africa: Environmentalists protest Shell exploration

Cape Town Dec. 06 Royal Dutch Shell's plans to explore for oil along a stretch of pristine coastline raised the ire of local activists on Sunday as hundred gathered on beaches around South Africa, calling for the oil giant to stop prospecting.

South Africa: Fuel Prices Go Up
Dec. 2, 2021
Source: Pindula

South Africa: Fuel Prices Go Up

The price of petrol in South Africa is up to 81c a litre to R20.35, effective from 1 December. That is what you will pay for 95-octane petrol in Gauteng. Unleaded 93 is 22c per litre cheaper inland. The various taxes bundled into the petrol price comes to R6.25 per litre. For December, that represents 31% of the pump price for inland 95. The price of petrol itself, known as the basic fuel price or BFP, is at R9.74, or 48% of the total price at the pump. The remainder is made up of a dealer margin, now at 11.52% of the total, a further wholesale margin of 2.24%, and charges related to handling and storage

WTI falls 13% in a day, the battle for the price of oil continues
Nov. 29, 2021
Source: FX Street

WTI falls 13% in a day, the battle for the price of oil continues

A drop in oil prices this large was last seen in January/February 2020, when WTI was making its way down to unprecedented negative per barrel territory. No one expects oil to veer this low again, but the comparison to 2020 is apt, with Coronavirus responsible for the commodity's downfall on both occasions.

juwi to Build Solar Battery Hybrid Project at Egypt’s Largest Gold Mine
May 7, 2021
Source: Mercom India

juwi to Build Solar Battery Hybrid Project at Egypt’s Largest Gold Mine

South Africa-based subsidiary of German renewable energy company juwi has signed an agreement with Sukari Gold Mines to design, supply, build, and integrate a solar battery hybrid power plant for Egypt’s largest gold mine. The hybrid power solution will reportedly reduce diesel consumption by an estimated 22 million liters of emission per year and bring down sustaining costs and fuel price volatility.

Active hydrocarbon system in Namibia exceeding expectations, Frontier says
May 6, 2021
Source: world oil

Active hydrocarbon system in Namibia exceeding expectations, Frontier says

The Board of Frontier, the privately held Houston-based international gas exploration company with a focus on Southern Africa, said its activities in Namibia are continuing to exceed expectations. Frontier's Blocks 1723, 1724 and 1823 are in the Caprivi Basin in Northern Namibia covering an area of approximately 6,427 square kilometers (2,481 square miles). A two-year Reconnaissance license was granted on July 1, 2019. Frontier has a strategic relationship with local company Gondwana Petroleum to provide technical services and act as operator for the project.

South Africa plans 3 power ships, renewable energy investments to tackle crisis
March 22, 2021
Source: Energyworld

South Africa plans 3 power ships, renewable energy investments to tackle crisis

South Africa has announced fresh plans to alleviate the severe electricity crisis in the country, including three offshore power ships, greater use of solar and wind energy. Minister of Mineral Resources and Energy Gwede Mantashe, on Thursday, announced eight preferred bidders in the government's emergency risk mitigation programme, which will enable independent power suppliers to supplement the electricity produced by the sole national supplier, Eskom.

Shearwater secures 2D acquisition project from Total
Nov. 5, 2019
Source: World Oil

Shearwater secures 2D acquisition project from Total

Total E&P South Africa has given a conditional letter of award for a 2D seismic acquisition and fast-track processing project to Shearwater Geoservices. This will also be Shearwater’s first project offshore South Africa. The two-month-long project will commence in Q4 2019 and includes fast-track processing, facilitated by Multi-Purpose Vessel (MPV) SW Cook and experienced processing teams.

South Africa to invest $1 billion in South Sudan
Nov. 24, 2018

South Africa to invest $1 billion in South Sudan

South Africa is up for the largest investment in South Sudan, the war prone country which has the third largest oil reserves of Africa. South Africa will invest $1 billion, confirmed the oil minister of South Sudan. Both the countries signed the memorandum of understanding on Friday. Oil ministry has informed that the money will be used in R&D, refining and processing of oil and gas and in technology.

Oil exploration agreements between Mozambique and Exxon, Rosneft
Oct. 9, 2018

Oil exploration agreements between Mozambique and Exxon, Rosneft

Mozambique’s government informed that it has signed an oil exploration agreement with ExxonMobil and Rosneft. The energy regulator of Mozambique, National Petroleum Institute said that the government is planning to get into similar agreements with Sasol of South Africa and Itlay’s Eni. These energy firms will drill a minimum of 10 wells which is expected to lead to an investment of as much as $700 million.

Tribunal approves bid for Chevron’s asset sale
Sept. 14, 2018

Tribunal approves bid for Chevron’s asset sale

The South African Competition Tribunal has approved Glencore’s $973m bid for the acquisition of Chevron Corp’s subsidiary. Chinese state-owned Sinopec was acquiring 75% stake through the sale last year, before Glencore jumped in, backed by minority shareholders and exercised pre-emptive rights on the sale. The proposed merger is subject to the condition that jobs are preserved after the deal and the CSA retirees’ medical aid subsidy is continued among others.

KZN to explore oil and gas industry
July 23, 2018

KZN to explore oil and gas industry

The provincial government of KwaZulu-Natal (KZN) in South Africa is looking towards investing more than R200 billion for infrastructure development. The government has shifted its focus on offshore oil and gas exploration. The acting KZN Premier, who is currently attending the BRICS Business Council Investment Opportunities conference, spoke about how the provincial government is actively taking interest in oceans economy.

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