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South Africa Oil & Gas News. Service for global professionals. Constantly updated news and information about South Africa.
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Latest South Africa Oil & Gas News

  • Is it too late to join the gold rush? 30 Dec 2009 18:05 GMT
    ... Gold scaled a record high of $1,117 (£670)/oz in mid-October; ... purchases essentially the same amount of crude oil it has purchased at anytime since the ... currencies. For example, the strength of the South African rand has eroded gains for local gold ...

  • Angola/International Relations: The strategic growth of Angola and the crisis in relations with DRC 30 Dec 2009 10:53 GMT
    ... of positions as producers of renewable energy (oil and gas). Important were also the trips to the ... to the country of the statesmen of South Africa, Thabo Mbeki, Cuba, Raul Castro, the latter ...

  • Domestic deals hog lion's share of M&As in 2009 30 Dec 2009 10:50 GMT
    ... Domestic deals hog lion’s share of M&As in ... constantly went hunting overseas in sectors like oil, telecom and technology and kept the Indian ... the merger of Reliance Industries with Reliance Petroleum, Russia’s $676-million investment in Sistema Shyam Telecom, ...

  • Morrocco: A Shame to the Rest of Africa 30 Dec 2009 05:51 GMT
    ... rumours that there may be rich off-shore oil and natural gas fields, but the debate persists as to ... raising Nelson Mandela-the doyen of liberation in South Africa- did not pay any damn to the ...

  • Reaction to Competition Act waiver plea is keenly awaited 30 Dec 2009 05:34 GMT
    ... THE Competition Commission’s handling of the fuel industry’s application ... interesting case study. The industry, through the South African Petroleum Industry Association (Sapia), wants room to ... co- operate to secure fuel supplies. The oil industry’s application comes shortly after fuel reserves ...

  • COPENHAGEN BEATING THE RETREAT 30 Dec 2009 05:33 GMT
    ... the basic countries; China, India, Brazil and south Africa endorsed the wishes of U.S .But the ... and beyond all the interest of the oil producing countries. All these interests and more played ... Mexico. © S kumar Rai., all rights reserved. ...

  • Emerging-Market Inflows Triple on Export Recovery (Update4) 30 Dec 2009 00:31 GMT
    ... By Chua Kong Ho and David Yong Dec. 29 (Bloomberg) ... more than analysts predicted and lending expanded. Oil producing nations also gained among emerging market ... emerging-market currencies tracked by Bloomberg, on speculation South African exporters are repatriating offshore earnings before yearend, ...

  • [VIEWPOINT] A new nuclear reactor nucleus 29 Dec 2009 20:12 GMT
    ... plant to prepare for the time when petroleum resources are exhausted. The country reached a ... International Atomic Energy Agency, the depletion of oil sources and the introduction of carbon dioxide ... export nuclear reactors to Jordan, China, Turkey, South Africa and India, and the deal with the ...

  • Asian AIM, BWT plan US$10m gold refinery in PKFZ 29 Dec 2009 19:02 GMT
    ... engages in commodity trading with deals in oil and gas, precious metals, industrial metals, and soft commodities. ... commodities. BWT Group, which is based in South Africa, has an annual turnover of US$16 billion ...

  • Oil Firms Seek Competition Let-Off 29 Dec 2009 17:31 GMT
    ... Johannesburg — SA's fuel companies have applied for ... security matters. The fuel industry, through the South African Petroleum Industry Association (Sapia), has applied for ... Shell SA Marketing, Total SA and national oil company PetroSA. Sapia wants the exemption to ...

  • FACTBOX-Nuclear power plans in Africa, Middle East 29 Dec 2009 16:51 GMT
    ... power less attractive than it was when oil was above $147 a barrel in July 2008. South Africa is the only country in the region ... a joint nuclear energy programme. [ID:nLA479928] The South African government expects the country's next nuclear power ...

  • Emerging-Market Inflows Triple on Export Recovery (Update3) 29 Dec 2009 16:30 GMT
    ... By Chua Kong Ho and David Yong Dec. 29 (Bloomberg) ... more than analysts predicted and lending expanded. Oil producing nations also gained among emerging market ... emerging-market currencies tracked by Bloomberg, on speculation South African exporters are repatriating offshore earnings before yearend, ...

  • What Was Really Decided in Copenhagen? 29 Dec 2009 14:30 GMT
    ... of the rapidly developing "BASIC" countries (Brazil, South Africa, India and China), who claim to speak ... informal, individual country commitments to reduce greenhouse gas emissions and undertake other appropriate measures. If ... the climate crisis is to "leave the oil in the soil, the coal in the hole, and ...

  • A launch pad for the Indian multinational 29 Dec 2009 14:30 GMT
    ... merger of Bharti Airtel and MTN of South Africa fell through, there were 10 banks standing ... revenues for 2008— $367 billion for London-based oil company BP, as per the Global Fortune ... for $14 billion. In June 2009, China Petroleum Corp.—or Sinopec—acquired Addax Petroleum, one of Africa's ...

  • South African ADR Performance YTD 29 Dec 2009 13:52 GMT
    ... Six South African companies trade on the organized US exchanges. ... Of the other two, is in the oil and gas industry and ) is in ...


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