Petroleum Agency Newsletter - Oil & Gas in the News

LOCAL INDUSTRY NEWS
SA`s marine protection increases

Thegazettingofanetworkof20newrepresentativeOperationPhakisa:OceansEconomyMarineProtectedAreas(MPAs)hasincreasedSouthAfrica’smarineecosystemareaunderprotectioninthecountry’sExclusiveEconomicZone(EEZ).Themarineecosystemareaincreasedfromthecurrent0.4%to5.4%,toprovideprotectionto90%ofhabitattypes,aswellascontributetoglobalprotectioninlinewithSouthAfrica’sinternationalcommitments.
Shell plans SA oil expansion with second deal


RoyalDutchShellisplanningtoacquireanoil-blockstakeinaseconddealinSouthAfrica’srelativelyunexploredwaters,monthsafteramajordiscoverybyTotalSAboostedthecountry’shydrocarbonprospects.ShellhasappliedtotakeastakeinalicenseownedbyOKEnergy,locatedindeepwatersoffSouthAfrica’swestcoast,accordingtoPetroleumAgencySouthAfrica."Wehaveindeedreceivedanapplicationwhichisawaitingministerialapproval,"theregulatorsaidinareplytoquestionsabouttheblock.

 

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General News