Latest News for: Africa offshore

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How the Upstream Petroleum Resources Development Bill is fuelling SA’s economic potential

Independent online (SA) 26 Jan 2022
In addition, a petroleum right may only be granted to a company incorporated in South Africa and an interest in a petroleum right must be held by a South African incorporated company ... Currently, South Africa’s offshore oil and gas acreage is occupied by a mix of junior, major and supermajor oil companies, as well as the national oil company.
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Amazon’s colonial HQ in Cape Town must be stopped

Mail Guardian South Africa 26 Jan 2022
Yet we haven’t done enough to discuss Amazon’s presence in South Africa in the first place ... Amazon is currently constructing at least two buildings to house its Amazon Web Services (AWS) cloud computing centres in South Africa ... Amazon may also use its new cloud centre to expand its police surveillance footprint to South Africa.
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Mbalula unveils multimillion rand investments in 3 major ports in the country

Independent online (SA) 25 Jan 2022
Operation Phakisa focuses on unlocking the economic potential of South Africa’s oceans which could contribute up to R177 billion to the economy by 2033 through marine transport, manufacturing, offshore oil and gas exploration, aquaculture, marine tourism, and create up to 1 million direct jobs.
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M&G may offer two new offshore funds to SA investors

Business Day 24 Jan 2022
M&G Investments Southern Africa, which oversees about R293bn in assets locally, is considering making at least two of its offshore funds available to local investors in ...
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Schlumberger Earnings Were Strong. The Stock Falls.

Barrons 21 Jan 2022
Schlumberger's international revenue grew by 13% in the fourth quarter ... (ticker ... North America revenue increased 10% year over year for the fourth quarter, while international revenue grew by 13%, with especially strong growth in Europe and Africa, driven by strong offshore activity and increased digital sales ... .
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Schlumberger Earnings Were Strong. The Stock Is Still Slipping.

Barrons 21 Jan 2022
Schlumberger's international revenue grew by 13% in the fourth quarter ... (ticker ... North America revenue increased 10% year-over-year for the fourth quarter, while international revenue grew by 13%, with especially strong growth in Europe and Africa, driven by strong offshore activity and increased digital sales ... .
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Schlumberger Announces Fourth-Quarter and Full-Year 2021 Results

The Eastern Herald 21 Jan 2022
The sequential revenue increase was led by growth in Europe/CIS/Africa due to strong offshore activity in Africa and new projects in Europe ... Europe/CIS/Africa revenue of $1.59 billion increased 7% sequentially, due to higher revenue in Europe and Africa driven by strong offshore ...
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The 32nd New Year visit to Africa by Chinese Foreign Minister |19 January 2022

Nation 19 Jan 2022
On the morning of the first working day of the New Year, Chinese State Councilor and Foreign Minister Wang Yi embarked on his first trip abroad in 2022, to Africa of course, as always ... This is his second journey to Africa in a little over a month ... This visit to the horn of Africa happens in the context of much reported flare-ups in the region.
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Future of the fintech sector is promising - review and predictions for this year

Independent online (SA) 19 Jan 2022
Fintech in Africa ... There have now also been megarounds locally with Entersekt, Jumo, Yoco and Ozow raising significant funding from offshore investors. On the continent, Flutterwave and MFS Africa raised hundreds of millions of dollars from big US investors ... The SPAC concentrates on emerging market fintech, with a big focus on Africa.
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Master plan to drive continued investment in SA’s global business services sector

Independent online (SA) 18 Jan 2022
In addition to the economic growth of the sector, in April 2021 South Africa won the Most Favoured Offshore CX (customer experience) Delivery Location recognition in the Ryan Strategic Advisory Annual Front Office BPO Omnibus Survey, and in October was recognised as the GBS World Top Africa Performer Award.
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Kenya-China relations get fresh impetus from visit

China Daily 17 Jan 2022
China has demonstrated unyielding willingness to assist Africa in overcoming its development challenges, a fact that will eventually manifest in the fullness of time, he said ... The facility, which is the most advanced in Africa, will be critical in enhancing the supply and cost stability of petroleum products in Kenya and the region, he said.
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‘Ecological despair is beginning to fuel society’s anger’

Independent online (SA) 15 Jan 2022
... worst municipalities in Africa in per capita emissions ... The offshore gas explorations that Shell Oil and Johnny Copelyn’s Impact Africa began south of Durban, on the Wild Coast, were at least paused after about a month’s seismic blasting, thanks to a Makhanda High Court’s ruling.
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TAQA appoints Reid Warriner CEO of Canadian drilling division

Arab News 14 Jan 2022
RIYADH ... Founded in 1969, Cougar Drilling Solutions offers services both onshore and offshore, in North America, South America, Europe, Australia, Asia, Africa, and the Middle East ....
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Saudi refinery firm Motiva among buyers of US emergency oil sales

Anadolu Agency 14 Jan 2022
-Based in Port Arthur, Texas, Motiva refinery is largest oil refinery in US with capacity of over 600,000 barrels of oil per day 14.04 Oil , World , Americas , Middle East-Africa ... 24 when it was trading as high as $83 a barrel 08.01.2022 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa.

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