South Africa legislates for oil and gas future
The Ramaphosa government proposes new rules amid increasing global competition for IOC’s capital
The South African government published its long-anticipated draft oil and gas legislation on Christmas Eve, hoping it will usher in a new era of exploration and production. To combat the country’s energy deficit, it must pave the way for the rapid development of substantial recent discoveries, including Total’s huge Brulpadda field last February, and prospects. The domestic economy provides marketing potential to a range of potential industrial offtakers as well as new gas-to-power projects. Challenging offshore conditions, transportation to market issues, the global glut and historically low prices of gas—as well as the financial woes of potential anchor customer Eskom—dull the outlook. It
Also in this section
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well
30 April 2024
While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind
29 April 2024
Although recent, firmer gas prices have blunted some price-sensitive demand, the overall growth outlook remains robust
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing