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Latest South Africa Oil & Gas News

  • Letters: Tragedy in Burma can be avoided 12 May 2008 00:58 GMT
    ... section. It was last updated at 00:03 on May 12 ... are many and include Chevron (US), Total Oil (France), Ivanhoe Mines (Canada), Suzuki (Japan) Rolls ... and the China National Petroleum Corporation. The South African apartheid system was underpinned by multinational companies ...

  • Tragedy in Burma can be avoided 11 May 2008 23:30 GMT
    ... section. It was last updated at 00:03 on May 12 ... are many and include Chevron (US), Total Oil (France), Ivanhoe Mines (Canada), Suzuki (Japan) Rolls ... and the China National Petroleum Corporation. The South African apartheid system was underpinned by multinational companies ...

  • Permit confusion may scuttle Vancouver tree house 11 May 2008 23:16 GMT
    ... Sunday by police as a 43-year-old from South Africa. oil and gas companies in the world, is splitting into ...

  • Why the presidential candidates won't talk about Israel 11 May 2008 20:43 GMT
    ... Israel, celebrating its 60th birthday last week, has proved ... support of Israel (interest on debt, higher oil prices, etc.) to reach a highly controversial ... Ehud Olmert put it, Israel facing "a South African-style struggle." ...

  • Countries must abandon inflation targeting' 11 May 2008 10:48 GMT
    ... the Czech Republic, Poland, Brazil, Chile, Colombia, South Africa, Thailand, Korea, Mexico, Hungary, Peru, the Philippines, ... not because of poorer macro-management, but because oil and food prices are soaring, and these items ... global environment is benign. Former US Federal Reserve chairman Alan Greenspan, it is now recognised, ...

  • The Future for Gold 11 May 2008 07:15 GMT
    ... at each scenario and how the Federal Reserve's efforts affect each. ) May 11, 2008 ... in gold to the same fundamentals in oil, his analysis illustrates the supply situation in ... a 23 metric ton decline in output. South Africa, once the world's largest gold producer, is ...

  • As oil costs rise, freedom decreases around world 11 May 2008 05:55 GMT
    ... As oil costs rise, freedom decreases around world There are ... percent of their exports from oil and gas, and not a single one is a ... his neighbor and chief enabler and protector, South Africa's president, Thabo Mbeki. Zimbabwe went to the ...

  • South Africa: Rates Outlook [editorial] 11 May 2008 04:32 GMT
    ... Changes in interest rates take up to 18 months ... the relentless rise in global food and oil prices, raising interest rates is a futile exercise. ...

  • Fighting hunger one bite at a time 11 May 2008 01:55 GMT
    ... was serving as a volunteer physician in South Africa. An HIV-positive mother of three children, she ... range of causes, from droughts and high oil prices to increased use of cropland for production ...

  • 'Answer that and I'll kill you.' The media bow to mining's alpha male - now for Rio 11 May 2008 01:10 GMT
    ... Chewing his gum with quick, aggressive bites, Marius Kloppers, the ... later said of him: "He's like a South African army general, a really tough guy. Very ... Yeager was asked what he thought the oil price could rise to, Kloppers barked: "If ...

  • A bushmanâs holiday is matter of survival 10 May 2008 11:19 GMT
    ... change debate. Despite their role in resisting oil, gas and coal exploitation and their practice ... Because the Botswana government is allowing a South African-based Safari and Adventure Company to build a ... in key wildlife and nature areas in South Africa, Namabia, Botswana "and beyond". They assure us ...

  • Farewell, brother Tony 10 May 2008 10:39 GMT
    ... Africans, whether they are in Zimbabwe or South Africa or Mali, let what happened to Nkrumah ... you. Ghana, our beloved country, has hit oil at last — "top quality, light oil!" ... from the UK, Kosmos Energy and Anadarko Petroleum (both from the USA), announced the discovery ...

  • JSE drifts lower 10 May 2008 09:55 GMT
    ... tandem with overseas markets as a rising oil price increased fears of global inflation, traders said. ... Wall Street because of concerns that rising oil prices will bite into global growth," a Cape ... ounces, largely due to power disruptions in South Africa. DRDGold jumped 11.51 percent to 6.59 rand. ...

  • Sensex ends below 17K as inflation moves up 10 May 2008 07:19 GMT
    ... week ended April 26, and rising crude oil prices were the key factors behind today's sharp ... company may make an offer to acquire South Africa's MTN Group. Asian indices were down by ...

  • » More petrol price pain? 10 May 2008 04:59 GMT
    ... analyst from ETM, George Glynos, says that South Africa's record petrol price may rise again by ... 30 cents a litre next month as oil prices are set to remain "stubbornly" high. "We ...

  • » Risk of wage-price spiral 10 May 2008 04:59 GMT
    ... inflation increasingly bleed into wage settlements in South Africa as workers attempt to compensate for their ... resilience," say the Moody's Economy analysts. Ongoing turmoil in global credit markets, high input costs, and rising ... of the year, benchmark West Texas Intermediary oil prices have surged by more than 25 percent, ...

  • MTN: Negotiations with ex-PM imp 10 May 2008 04:46 GMT
    ... Mikati and his brother Taha control their investments through Beirut-based ... Broadway, and a majority stake in Avente Petroleum in Latin America. The company also owns ... 35 per cent in the company under South African exchange laws. ...

  • Warning of oil reaching $200 fuels bull run 10 May 2008 04:43 GMT
    ... Warning of oil reaching $200 fuels bull run Published: May ... per cent to $2,047.5, amid concerns about South African production. ...

  • Asian stocks sink on subprime concerns 10 May 2008 04:43 GMT
    ... the trading day with a small rise. Oil consolidated above $124 a barrel. Nymex light sweet ... first half of the year, and buoyant oil prices lifted , the world’s largest miner, which ... to buy a stake in MTN of South Africa, shook off comments by Fitch Ratings that ...

  • Petrify, Liquefy: New Ways To Bury Greenhouse Gas 10 May 2008 04:40 GMT
    ... power plants and factories run on coal, oil or natural gas -- if technical hurdles can be overcome ... the world, like China, like India, like South Africa, like Australia, I don't really see how ...

  • Oil rallies to record $US124 10 May 2008 04:40 GMT
    ... OIL rallied back from early losses overnight to strike ... supplies. Shortages of alternate fuels in China, South Africa, Latin America and parts of the Middle ... May 24, forecast British consultancy Oil Movements. Oil prices have surged five-fold since 2002, as supply ...

  • Record High Prices for Petroleum Fueling Boom in S. Africa 10 May 2008 04:35 GMT
    ... non-oil exporting countries. One of these is South Africa as we hear in this report from ... this report from correspondent Scott Bobb in Capetown. Companies that maintain and repair the South African oil industry's equipment are working overtime to ...

  • Gold rises as oil climbs above $US126 10 May 2008 00:53 GMT
    ... Newswires | GOLD rose modestly as crude oil futures climbed again to set a new ... physical tightness in that sector of the petroleum complex, so it continues to lead the ... continuing underlying support from electricity issues in South Africa as well as investment demand, such as ...

  • Indian shares extend losses to fifth day 9 May 2008 21:36 GMT
    ... drop in five weeks, as record high oil prices and rising inflation unnerved investors. But leading ... Airtel, which is likely to bid for South Africa's MTN, rose for a second day after ... per cent to Rs2,644.70. Petrochemicals giant and refiner Reliance Industries fell 5.2 per cent to ...

  • Museveni, Kabila to meet over border crisis 9 May 2008 21:34 GMT
    ... Vision reporters PRESIDENT Yoweri Museveni and his Congolese counterpart, ... Kinshasa cancelled an exploration contract with Tullow Oil, a company which operates on the Ugandan ... missions to ambassadorial level and to attach petroleum experts in their respective embassies within three ...


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