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South Africa

South Africa’s State-owned Oil Company Signs Deal to Explore Highly-prospective Oil Block B2 in South Sudan

South Africa’s state-owned oil company Strategic Fuel Fund (SFF) will own and operate Block B2; In 2018, South Africa agreed to invest $1billion into South Sudan’s energy infrastructure; South Sudan has the third-largest oil reserves in sub-Saharan Africa, estimated at 3.5 billion barrels, with j

New Petroleum Agreement Between South Sudan and South Africa is a boost to Peace, Economic Recovery and the Oil Industry

The signing of the new exploration and production sharing agreement (EPSA) between South Sudan and South Africa’s Strategic Fuel Fund (SFF) is a boost to the oil sector and promotes peace and stability within the country. This landmark oil deal marks yet another achievement for Africa’s growing energy investments and will provide further boost to South Sudan’s economic revival.

Leading South Africa B-BBEE petroleum company Masana brings on new investors to the table

Masana Petroleum Solutions has completed a transaction with a new Broad Based Black Economic Empowerment (B-BBEE) consortium that will see the new partners acquire a 35% stake in the business after two of its founding shareholders exercised their right to realise their value in the company.

Africa Oil & Power Breaks the Mold of Traditional Energy Conferences

The inaugural edition of the Africa Oil & Power conference (www.AfricaOilandPower.com) will be held June 6-7, 2016 at the Westin Hotel in Cape Town, South Africa. Endorsed by the Ministry of Mines, Industry and Energy of Equatorial Guinea and Hosted by Centurion Law Firm, Africa Oil & Power is an invitation-only event that strives to redefine energy conferences. It draws a premier crowd of ministers and senior level government officials and top executives of private sector companies spanning the entire value chain, including upstream, downstream, power generation and legal and finance.

Statoil to Explore Offshore South Africa

Statoil has completed a farm-in transaction with ExxonMobil Exploration and Production South Africa Limited (ExxonMobil), acquiring a 35 percent interest in the ER 12/3/154 Tugela South Exploration Right.
The remaining interests are held by the operator ExxonMobil (40%) and co-venturer Impact Africa Limited (Impact Africa) (25%). 

Competition Commission raids offices of Liquefied Petroleum Gas suppliers

Today, 14 October 2015, the Commission is conducting a search and seizure (dawn raid) operation at the premises of African Oxygen Limited, Oryx Oil South Africa (Pty) Ltd, EasiGas (Pty) Ltd and the Liquefied Petroleum Gas Safety Association of Southern Africa (LPG Association) in Gauteng and Kaya

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