Latest News for: Africa offshore


Dryad: International Inaction Breeds Piracy in the Gulf of Guinea

The Maritime Executive 27 Feb 2021
In its 2021 annual report, British security intelligence firm Dryad Global suggests that large international organizations such as the United Nations, NATO and the European Union have been conspicuously absent in offering tangible solutions to piracy in West Africa.

Budget 2021: Read Finance Minister Tito Mboweni’s full speech

Independent online (SA) 24 Feb 2021
With this framework we provide the budget for South Africa's vaccination campaign ... Sub-Saharan Africa is forecast to grow by 3.2 per cent ... The Africa Continental Free Trade Agreement (AFCTA), part of which came into effect earlier this year, presents the opportunity to deepen our trade and financial linkages with the Continent.

Budget: Accounting for the ’missing tax year’

Independent online (SA) 23 Feb 2021
SOUTH Africa has to succeed ... South Africa’s economy had shrunk by an annualised 51 percent in the second quarter of 2020 ... This is especially important since South Africa is likely to only reach its pre-Covid gross domestic product levels by 2024 at the earliest ... To date, Sars has recorded more than R400bn in financial assets in offshore investments.

Rush for Africa’s marine species to feed demand in Asia

Mail Guardian South Africa 20 Feb 2021
A “gold rush” is underway in Africa’s coastal waters to feed surging demand from East Asia for dried fish bladders, or , which is described as the cocaine of the sea ... Its new focuses on the trade in high-value marine products from Africa to Asia, particularly for sea cucumbers, fish maws and seahorses.

Nigeria: VALIANT, NUPENG Resolve Row, Settle Sacked Workers' Benefits in Full

All Africa 19 Feb 2021
The lingering impasse between the indigenous offshore drilling company, VALIANT Energy Services West Africa Limited and the National Union of Petroleum and Natural Gas Workers (NUPENG) that seemed protracted has finally been settled ....

Durban Call Centre shows the importance of agility during a global pandemic

Independent online (SA) 17 Feb 2021
While India still holds the top spot for the most favoured offshore outsourcing locations in the world, South Africa is not far behind, and comes in second as a Business Process Outsourcing Destination (BPO) and is the first choice for offshore ‘voice’ interactions ... CCI South Africa’s role in offshore outsourcing.

SA lifts long term prohibition on Loop Structures

Independent online (SA) 17 Feb 2021
1/2021 to lift the restriction on the so-called ‘loop structure’ in order to encourage inward investments into South Africa. The reform was effective as 1 January 2021 and applies to private individuals and companies, including private equity funds, that are tax resident in South Africa.

Valiant Energy, NUPENG resolve row as sacked workers get full benefits

Business Day Online 12 Feb 2021
The lingering impasse between indigenous offshore drilling company, Valiant Energy Services West Africa Limited, and the National Union of Petroleum and Natural Gas Workers (NUPENG) has finally been settled ... Read Also. Oil rally sees banks, local firms review loan terms ... three years, the company has successfully drilled 16 offshore wells for some of ... .

Fred Roberts, 88

Williston Herald 12 Feb 2021
Fred Roberts, 88, of Williston, North Dakota, passed away Sunday morning, January 31, 2021 at the Bozeman Deaconess Hospital in Bozeman, Montana ... Rev ... Fred and Judi later divorced ... During the mid-80’s, a downturn in oil caused Fred to adventure across the Atlantic to Angola Africa. He worked for Chevron running gas lift jobs on offshore drilling rigs ... .

Tullow Oil to sell stakes in some oilfields for $180m

RTE 09 Feb 2021
Tullow Oil has agreed to sell stakes in some of its non-operated offshore oilfields in Equatorial Guinea and Gabon to smaller Africa-focused rival Panoro Energy for up to $180 million ... The deal covers a 14.25% stake in Block G offshore Equatorial Guinea and 10% in Gabon's Dussafu Marin Permit, in which Panoro already owns a stake.

Investment tip: Beware of sensational news

Independent online (SA) 03 Feb 2021
Last year, Business South Africa estimated as part of its proposal to government that over R4 trillion is needed for the post-pandemic economy ... Prudential regulations and offshore investments ... All of us need to invest a portion of our money offshore ... In addition, you have R700 in South Africa, which only has to outperform R250 offshore.

Agreement signed for development of new shipyard at Takoradi Port, Ghana

Construction Review Online 01 Feb 2021
... needs of the maritime transportation, fishing, and offshore oil and gas .

This is the last chance for SA expatriates to come clean with Sars

Independent online (SA) 01 Feb 2021
... they are non-residents and justify their intentions – some audits calling for proof that the taxpayer had obtained an Emigration Tax Clearance Certificate when leaving South Africa; andSecondly, by audits on offshore income revealed through the common reporting standard (CRS).