Under the tender, the winning bidder would invest around $200 million in the GTL plant and will also provide gas condensate supplies.
The Prempeh letter was reported as saying that the offer to PetroSA was “scandalous” and that GNPC chairman Freddie Blay should “cease and desist immediately” from such offers. Blay had “totally ignored the wider interests” of Ghana, the minister said.
PetroSA set out some particular thoughts about who it wanted to apply. Top of the list are state-backed companies from oil and gas producing states, which can access feedstock and capital.
South Africa’s PetroSA is taking steps to end a legacy of mismanagement and continuing annual losses as it plans a project with TotalEnergies, according to its interim chairman.
Searcher Seismic has filed for a new application to shoot 3D seismic offshore South Africa, in what is set to be a new test for the country’s willingness to approve such work.
South Africa sees it as “imperative” to add more gas suppliers, in order to help develop the local sector.
Creation of a strong national oil company is essential to meeting South Africa’s energy needs, Minister of Mineral and Energy Resources Gwede Mantashe has said.
iMbokodo Exploration and Production is a South African company with a difference, it is led by women and has the cash to back up its aspirations.
South Africa’s parliamentary committee for energy has backed plans for PetroSA to overhaul its gas-to-liquids (GTL) refinery, at Mossel Bay, while also seeking insight into how problems emerged.
IN-VR is organising a summit gathering governments and IOCs from around the world to promote exploration and production opportunities.
South Africa will merge the three subsidiaries of the Central Energy Fund (CEF) into one National Petroleum Company.
South Africa’s state-owned Central Energy Fund is considering buying assets that have been put on the block by fuel and chemical maker Sasol as it seeks to restore itself to profitability.
PetroSA has appointed Pragasen Naidoo to serve as the company’s CEO, a position that has been held on a temporary basis since 2014.
Plans are afoot for an initial public offering (IPO) of South Africa’s Engen, which might provide a rare bright spot in the country’s institutional outlook.