Featured

An interest in an oil and gas exploration concession in the Outeniqua Basin, off South Africa’s southern coast, has been purchased by Qatar Petroleum. The company bought a 25% interest in the concession from French oil and gas giant Total for an undisclosed amount.

Following regulatory approval, the ownership of Exploration Block 11B/12B will be 45% Total, 25% Qatar Petroleum, 20% CNR International and 10% Main Street. Total will be the operator of the concession.

Qatar petroleum buys stake in local offshore exploration

Block 11B/12B covers an area of 19,000km², with water depths ranging from 200m to 1.8km. Strong currents off South Africa’s coast make drilling challenging, and when Total began drilling for deep-sea oil in this block in 2014, it was forced to stop because of mechanical problems. Drilling will resume at the end of 2018.

“This agreement is another step by Qatar Petroleum … in expanding and reinforcing Qatar’s leading position in the field of energy across the globe. We are pleased to join our long-time partner Total in exploration activities in this frontier block offshore South Africa,” says Saad al-Kaabi, Qatar Petroleum’s CEO. According to him, the drilling of an exploration well is planned for this year.

Qatar seeks to expand its gas capacity to 100 million tonnes a year from its current 77 million to cement its position as the world’s largest exporter of liquefied natural gas (LNG). Reuters reported last year that Qatar’s traditional partners Exxon Mobil, Royal Dutch Shell and Total had all shown interest in new projects. Total is seen as a front-runner to pick up more LNG business in Qatar, and opening an opportunity for Qatar Petroleum to join its global operations has strengthened Total’s position.

Image credit: https://twitter.com/qatarpetroleum/status/882158812022558720

Magazines

African Fusion

AfricanFusionAfrican Fusion, the official publication of the Southern African Institute of Welding (SAIW), aims to provide up-to-date insight into welding technology and the welding industry.

Capital Equipment News

Capital Equipment News is dedicated to the application of equipment and modes of transport that are used in the mining, construction, quarrying, and transport industries.

Construction World

ConstructionWorldConstruction World was first published in 1982 and has grown to become a leader in its field, offering a unique mix of editorial coverage to satisfy the diverse needs of its readers.

Electricity + Control

ElectricityandControlE + C publishes innovative, technical articles that provide solutions to engineering challenges in measurement, automation, control, and energy management.

Lighting in Design

LightingandDesignLighting in Design is a glossy, upmarket publication aimed at lighting professionals. It is the only B2B magazine in SA that is dedicated solely to the subject of lighting.

MechChem Africa

MechChemJanuary2017cover MechChem Africa supports African engineering and technical managers across the full spectrum of chemical and mechanical disciplines.

Modern Mining

ModernMiningEstablished in 2005, Modern Mining is one of SA's leading monthly mining magazines, noted for the quality and accuracy of its writing and the breadth of its coverage.

Modern Quarrying

ModernQuarryingModern Quarrying is firmly entrenched as a leading industry-specific magazine. It focuses on promoting the science and practice of quarrying and processing in southern Africa.

Sparks Electrical News

SparksElectricalNewsReadable and informative, Sparks Electrical News is the newspaper for those involved in installing and maintaining electrical supplies and equipment.

 
Full Name*
Invalid Input

Company Name*
Invalid Input

Your Email*
Invalid Input

Phone*
Invalid Input

Postal Address 1*
Invalid Input

Postal Address 2*
Invalid Input

Postal Code*
Invalid Input

Street Address 1
Invalid Input

Street Address 2
Invalid Input

Postal Code
Invalid Input

Town / City*
Invalid Input

Country*
Invalid Input

Magazine

Invalid Input

Invalid Input