It would be better for Gwede Mantashe and his crew to direct their energy to sorting out Eskom and leave the Wild Coast alone.
That is the hard truth of it. Sitting on a gas goldmine in the Karoo is beyond stupid at a time like this, writes Keith Bryer.
The High Court granted an interim interdict blocking a seismic survey, inter alia because some local people believe it would disturb ancestors who reside in the sea.
Royal Dutch Shell Plc is planning to acquire an oil-block stake in a second deal in South Africa’s relatively unexplored waters, months after a major discovery by Total SA boosted the country’s hydrocarbon prospects.
Africa is finally seeing the benefits from the recovery in crude prices as companies ramp up drilling from Algeria to Namibia.
Africa’s oil industry was ‘on the brink of a boom’ 16 months ago. Now, oil below $50 has made more than two out of three investment projects on the continent non-viable.
Royal Dutch Shell Plc has received U.S. permission to disturb marine mammals as part of its plan to resume oil exploration off Alaska’s Arctic coast as it neared final sign-off from regulators to drill this summer.
In the Virunga National Park, Africa’s oldest natural reserve and home to the mountain gorilla, the endangered Great Ape and its habitat are under a new threat: oil exploration.
The head of Italian energy company Eni Spa urged OPEC on Wednesday to act to restore stability in oil prices, which he warned could overshoot to $200 per barrel several years down the road because of low investment now.
May 28, 2011
This article uncovers the way in which a predator feasted on over-optimistic small investors led by a hero to the punting class, Greg Blank.
In the share market, fact is sometimes stranger than fiction. Take the case of the JSE-listed oil exploration company SacOil Holdings, which in the past year rocketed from oblivion to stardom – but this week showed signs of falling back into obscurity.