Latest News for: Africa offshore

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Caverton Offshore slips to N3.7bn loss on operating cost

Business Day Online 04 Oct 2024
Caverton Offshore Support Group, the first fully integrated offshore support company in Sub-Saharan Africa, has reported its first loss in. read more Caverton Offshore slips to N3.7bn loss on operating cost ... .
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New oil and gas discoveries signal economic boom for Sub-Saharan Africa

Independent online (SA) 03 Oct 2024
While Shell Offshore Upstream South Africa said in July that its plans to drill five wells off the West Coast will be game-changing for, TotalEnergies confirmed exiting SA offshore of Mossel Bay ...
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Namibia: Interest grows in Africa’s oil-and-gas hot-spot

Capital Ethiopia 02 Oct 2024
If developed, Venus would also be the deepest offshore development ever (https.//apo-opa.co/4gR985B) ... TotalEnergies recently announced (https.//apo-opa.co/3XP1Pmj) it would exit its discoveries offshore South Africa to focus on its Namibia assets.
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Petrobras expands into South Africa

Splash24/7 02 Oct 2024
Brazilian state-owned oil and gas major Petrobras has moved to acquire a 10% stake in the offshore Deep Western Orange Basin (DWOB) oil block in South Africa.
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ExxonMobil accelerates African energy investments and frontier exploration

Capital Ethiopia 01 Oct 2024
Also in the Southern Africa region, Exxon Mobil has emerged as an exploration leader in the Namibe basin, offshore Angola, where a wildcat well has been spud and results are keenly anticipated by the entire industry.
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McDermott, Saipem and CPECC awarded FEED contract for Rovuma LNG project

Offshore Technology 01 Oct 2024
Offshore Technology’s parent company, GlobalData, recently found that Mozambique is the foremost country in Africa for LNG capacity additions through new and existing terminals by 2028.
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EnerGeo Alliance’s Nikki Martin to Receive Mohammed S. Barkindo Lifetime Achievement Award at African Energy ...

Capital Ethiopia 27 Sep 2024
It highlights the potential of South Africa’s Brulpadda-Luiperd fields, offshore prospects in the Orange Basin and onshore shale gas in the Karoo Basin as game-changers for the country’s energy landscape.
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A critical examination of tax practices in South Africa

Independent online (SA) 27 Sep 2024
Is Sars engaging in extortion, and if so, what does this mean for the future of financial security in South Africa? ... It forces a reconsideration of the financial security and stability that South Africa offers.
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Masdar targets Iberian renewables champion following strategic acquisitions

The Arabian Post 27 Sep 2024
In recent years, the company has expanded its footprint across Asia, the Middle East, and Africa. Masdar’s focus on large-scale projects, such as offshore wind farms and solar parks, has enabled ...
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Multi-asset income funds are a winner, but make sure your intermediary isn’t ignoring the risks

Independent online (SA) 25 Sep 2024
It can also invest up to 30% offshore ... bonds in South Africa ... The bulk of the remainder of the portfolio is in short-dated money market-type instruments – around 20% in South Africa and 15% offshore.
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Standard Bank expands Mauritius offshore banking to cater for regional family-owned businesses

Independent online (SA) 20 Sep 2024
... is seeking to tap into these opportunities through the introduction of a dedicated Business and Commercial Banking (BCB) offering, said Tunde Macaulay, the bank’s head of Africa regions and offshore.
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Lower inflation, the cost of a cyber breach, and how SA equity markets are performing

Moneyweb 19 Sep 2024
This evening we look at market developments with Sanlam Private Wealth, whether local inflation will spur a potential larger interest ...
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Drydocks World Orders Region’s Largest Floating Sheerleg Crane

MarineLink 18 Sep 2024
Drydocks World has signed a deal for the largest floating sheerleg crane in the Middle East and Africa ... The crane can accommodate up to 50 personnel offshore, thereby reducing the need for support vessels.

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