Treasury has estimated it could “result in around $6 billion in annual savings for the 17 largest net oil-importing African countries. We are seeing examples of emerging markets saving even more by using the price cap to negotiate steeper discounts with Russia. And we encourage more countries to do the same.”
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.
The Democratic Alliance (DA) noted there had been more than 120 days of power problems in 2022. NERSA’s increase, it said, is “official sanctioned daylight robbery against citizens”.
Outgoing Eskom CEO Andre de Ruyter has survived an alleged attempt on his life, involving a cup of coffee – and cyanide.
Eskom, on December 23, reported its gross debt had reached 396.8 billion rand ($23.4bn) for the year to March 2022.
“The driver kept shouting at people to leave the scene and even tried to physically move the gathering crowds out of the way,” ISS said.
“Eskom, by not attending to load shedding, is actively agitating for the overthrow of the state,” Mantashe said.
Shell has been granted leave to take its legal fight to secure acreage offshore South Africa to the Supreme Court of Appeal.
South Africa has announced preferred bidders for Bid Window 6 and struck a number of power purchase agreements (PPAs) for Bid Window 5 projects.
Sasol will hold its AGM today and will face some tough questions on its environmental stance from various NGOs.
ABB has agreed to pay 2.5 billion rand ($144 million) to South Africa in order to resolve criminal conduct relating to its work for power utility Eskom.
South Africa’s Public Investment Corporation (PIC) has adopted a hydrogen investment strategy as it works to attract cash to the growing sector.
TotalEnergies can develop gas offshore South Africa responsibly, the CEO has argued, and help the country reduce emissions.
South Africa is dusting off seismic plans once more as it aims to launch a licensing round, following the passage of long delayed upstream laws.
Prime Minister Rishi Sunak has vowed to help “turbocharge” investments in South African infrastructure, calling out green hydrogen opportunities in particular.
TotalEnergies is planning to explore for oil offshore South Africa’s West Coast, where environmental groups have increasingly opposed such activity.
Eco Atlantic Oil and Gas (LSE:ECO) has declared the Gazania-1 well non-commercial in a knock for offshore South Africa’s hopes.
Partners in Nigeria’s OML 127 and 130 continue to work on conversion to new terms – with success potentially triggering approval for the Preowei discovery.
South Africa can develop its natural resources and achieve net zero, according to one industry insider, but more must be done legislatively and to secure community support.
South Africa’s government will utilize 90% of an $8.5 billion climate-finance package that wealthy nations offered it to transition to cleaner energy to bolster its power supply, according to an investment plan released on Friday.
ACWA Power has signed up to work on green hydrogen plans in South Africa, which may be worth up to $10 billion.
South Africa’s Hawks have arrested an alleged kingpin of a fuel theft syndicate in Pretoria.
Sasol and ArcelorMittal South Africa have struck a deal to pursue green hydrogen at Saldanha and carbon capture and utilisation (CCU) in Vaal.
Two NGOs have officially launched a protest aiming to derail TotalEnergies’ plans to develop gas fields offshore South Africa.
A substation in Durban exploded last night in a dramatic display, bringing more power problems to the country.