Latest News for: Africa offshore

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PetroSA targets getting electricity power generation project off the ground

Independent online (SA) 21 Sep 2023
She said the development of South Africa’s gas resources offshore and onshore needed to be tackled in a holistic fashion, considering, for instance, the infrastructure already in place and whether it was being adequately utilised, and what role the existing infrastructure could play in the transition.
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SA listed property: Key considerations when investing

Independent online (SA) 21 Sep 2023
Approximately 43% of the revenue of the FTSE/JSE SA Listed Property Index is generated from outside South Africa. The sector’s dividend yield and return are derived from local and offshore revenue streams ... Given the difficult headwinds facing businesses and consumers in South Africa, caution remains essential for investors.
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Saudi PIF-backed ADES prices IPO at top end, implying over $4 billion valuation

Gulf News 20 Sep 2023
Riyadh ... Reuters reported last week that the IPO was expected to be priced at SR13.50 a share, the top-end of a previously announced range ... Read more ... Institutional book-building has closed ... Headquartered in the eastern Saudi city of Khobar, ADES operates a fleet of offshore and onshore rigs across the Middle East, North Africa and India ... .
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Saudi PIF-backed ADES prices IPO at top end, implying over $4 bln valuation

Reuters 20 Sep 2023
Reuters reported last week that the IPO was expected to be priced at 13.50 riyals a share, the top-end of a previously announced range ... Institutional book-building has closed ... 26-28 ... 4 ... Headquartered in the eastern Saudi city of Khobar, ADES operates a fleet of offshore and onshore rigs across the Middle East, North Africa and India ... Our Standards ... ago.
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South Africa needs a ‘war room’ to expedite oil and gas projects

Independent online (SA) 15 Sep 2023
She said that the Petroleum Agency for South Africa (PASA) estimated South Africa potentially held 27 billion barrels of oil and 60 ... Dr Sayidini said apart from the estimated 60 trillion cubic feet of gas (tcf) offshore of South Africa, there were also some 200tcf of gas onshore.
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Southern Africa to benefit from big oil and gas deposits in Namibia

Independent online (SA) 14 Sep 2023
Massive” offshore oil and gas discoveries in Namibia over the past two years would be important for South Africa, the region and for the continent, and some of the oil reserves also extend into South African waters, Mineral Resources and Energy Minister Gwede Mantashe said yesterday.
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Anchor Capital to expand offshore as generational wealth leaves SA

Independent online (SA) 14 Sep 2023
Anchor said while wealth was fairly stable for now in South Africa, the generational wealth would be transferred overseas as kids of the wealthy were moving offshore, aka emigrating ... Anchor looked after its wealthy clients' offshore money from South Africa ... In that scenario, the money was gone from South Africa.
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FX and CFDs Brokerage Licences: To Buy or Apply?

Finance Magnates 14 Sep 2023
In terms of offshore licences, Mauritius, Seychelles and Bahamas seem to be the most sought after, and South Africa also seems to be gaining popularity if you are looking to target the African continent.” ... Onshore vs Offshore ... South Africa is cheaper still at approximately $120,000-$200,000.”.
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Saudi-backed oil and gas driller ADES expected to price IPO at top of range

Reuters 14 Sep 2023
Headquartered in the Saudi Arabian city of Khobar, ADES operates a fleet of offshore and onshore rigs across the Middle East, North Africa and India ... As part of Reuters' Deals team, Pablo covers equity and debt capital markets transactions across Europe, the Middle East and Africa, from initial public offerings to buyout financings ... Contact ... ago.
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Directional Drilling Market to grow by USD 5.01 billion from 2022-2027, APAC to account for ...

Longview News-Journal 13 Sep 2023
The market is segmented by Application (Onshore and Offshore) and Geography (North America, APAC, Europe, Middle East and Africa, and South America) ... By Segment - The�offshore segment�has�significant growth during the forecast period ... Middle East and Africa, and South America).
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G20 inclusion opens up a continent of opportunities

Financial Express 12 Sep 2023
Africa is poised to be a formidable driver of the global economy ... In recent weeks, the group has been scouting for offshore coal mines in countries such as Australia, Canada and Africa for tie-ups to supply raw material to its growing operations, pointing to the relevance and importance of the continent both as a supplier and consumer market.
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UAE’s green energy producer plans to double capacity this year

Gulf News 12 Sep 2023
Dubai ... The company is also one of the biggest clean-energy investors in the UK, including in the London Array offshore wind project. This year it bought wind and geothermal businesses in Europe, Africa and Asia, giving it stakes in projects valued at about $6 billion and adding about 3.4 gigawatts of capacity ... .
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Tracking Tropical Storm/Hurricane This Week

Windermere Sun 12 Sep 2023
For updated global info & data on COVID-19, please click HERE ... The National Hurricane Center (NHC) began to monitor a tropical wave over West Africa early on September 1.[1] The wave moved offshore into the tropical Atlantic Ocean on September 2,[2] producing disorganized shower and thunderstorm activity, and began to gradually organize ... .

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