By Paul Burkhardt (Bloomberg) -- 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. Shell has applied to take a stake in a license owned by OK Energy, located in deep waters off South Africa’s west coast, … [Read more...]
South Africa Transport Workers Threaten “Total Shutdown” from Thursday
CAPE TOWN, May 28 (Reuters) - South Africa's transport workers union Satawu threatened a "total shutdown" at major ports across the country from Thursday after issuing a 48-hour strike notice for mariners over a payment dispute, the union said on Tuesday. The South African Transport and Allied Workers Union (Satawu) called the strike after negotiations with management became … [Read more...]
Landmark Oil Find Off South Africa Opens Prospect of Drilling Rush
By Paul Burkhardt (Bloomberg) -- South Africa’s first deep-water discovery, reported Thursday by French oil major Total SA, may prompt a rush of activity offshore by competitors as the country works to cut its reliance on imported fuels. The Brulpadda find, estimated at about 1 billion barrels by Total Chief Executive Officer Patrick Pouyanne, could be enough to … [Read more...]
Crane Collapses in Heap of Metal at Port Elizabeth, South Africa
A large gantry crane at South Africa's Port Elizabeth collapsed in heap of metal during strong winds Tuesday morning. South Africa's Transnet National Ports Authority said the crane collapsed on a quayside of the Port Elizabeth Container Terminal during winds of 50 knots. The collapsed resulted in damage but no injuries were reported, Transnet confirmed. It said an … [Read more...]
South Africa’s Transnet to Deepen Durban Port to Accommodate Larger Ships
By Tanisha Heiberg JOHANNESBURG, Sept 11 (Reuters) - South Africa's Transnet said on Tuesday it will spend 7 billion rand ($464 million) to deepen berths at Africa's biggest container terminal in the port city of Durban to accommodate larger vessels. Transnet, which operates nearly three-quarters of the African rail network, the bulk of which is in South Africa, aims to … [Read more...]