Tag: South Africa

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Total finds gas off Africa

France’s Total has made a significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, 175 kilometers off the southern coast of South Africa. After reaching the main goal, the well was deepened to a final depth of 3,633 meters and has also been successful in the Brulpadda-deep prospect.  Total along with its partners plan to acquire 3D seismic this year, followed by up to four exploration wells on this license. 

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South African drydock undergoes overhaul

A new floating caisson will be created for the Sturrock Dry Dock operated by Transnet National Ports Authority in the Port of Cape Town. This will enable one of the biggest dry dock facilities in the Southern Hemisphere to double its productivity. The new caisson is part of an overhaul that is taking place at the port’s ship repair facilities under South Africa’s Operation Phakisa programme.

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Drewry: More than 40 capesizes to be unemployed in 2019

Drewry reported that due to the latest disaster at the Brazilian mine, Córrego de Feijão, it is possible that the Capesize demand will be decreased by approximately 35-40 vessels in 2019. In a timeframe of one year, one Capesize vessel transfers two million tonnes of iron ore from Hedland to Qingdao, while the same vessel ships just 0.7 million tonnes in a year from Itaqui to Qingdao.

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Saudi Arabia discusses building oil refinery in South Africa

Saudi Arabia has its eye on constructing an oil refinery in South Africa as part of a pledge to invest as much as $10 billion in Africa’s most developed economy, according to Bloomberg. The Saudi Aramco and South Africa's Central Energy Fund are to conduct joint surveys based on a refinery and petrochemical complex. The negotiations highlight South Africa’s aspiration to add a refinery, which it has under consideration for a decade.

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Japan focuses on port project in Angola

Trading company Toyota Tsusho and the Japan Bank for International Cooperation are joining forces on a port project in Angola that will be the largest of its kind for Japanese businesses, according to Nikkei Asian Review. Both companies aim to raising 70 billion yen ($643 million) from public and private lenders in Japan. Their goal is to help the African fund the effort. 

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