Petrobras has acquired a 10% stake in the Deep Western Orange Basin (DWOB) block after the Board of Directors has given the green light to begin operations in South Africa.
TotalEnergies has announced its withdrawal from Blocks 11B and 12B off the southern coast of South Africa, in which its affiliate TotalEnergies EP South Africa has exited holds a 45% interest.
TotalEnergies has signed Corporate Power Purchase Agreements (CPPA) with Sasol South Africa and Air Liquide Large Industries South Africa for the supply of 260 MW capacity of renewable electricity over 20 years.
Minister of Petroleum and Mineral Resources, Tarek El Molla, received Peter Steenkamp, Chairman of Harmony Gold Company, which is the largest mining company in South Africa, and his accompanying delegation.
Qatar Petroleum has signed agreements with TotalEnergies for acquiring three offshore exploration and production (E&P) blocks in South Africa.
Oil and gas company, Africa Energy Corporation, has signed definitive agreements to increase the company’s effective interest in Block 11B/12B offshore South Africa from 4.9% to 10%.
South African domestic natural gas producer, Renergen, is set to host South Africa’s first-ever LNG auction.
Foreign direct investments (FDI) in South Sudan increased to reach around $1 billion, compared with $250 million in fiscal year (FY) 2016/17.
Saudi Arabia's plan comes as part of the $10 billion investments to be in the Kingdom.
Saudi Arabian company ACWA Power plans to invest $658 million in South Africa, it announced on October 26.
