Mossel Bay News
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Transnet SOC Ltd., South Africa’s state transport company, defended its monopoly of the country’s eight ports and said it would make no sense for private operators such as France’s Bollore SA to enter the market.
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PetroSA Ltd., South Africa’s state- owned oil and gas company, is considering investing about $1 billion in developing a natural gas field off the country’s south coast, a company official said.
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South Africa is discussing how Russia may supply the nation’s nuclear plant with fuel, plug an energy gap with liquefied natural gas shipments, and help process its mineral sands into titanium, Trade Minister Rob Davies said.
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PetroSA Ltd., South Africa’s state oil and gas company, said full-year profit rose 72 percent as it cut costs and the rand fell, raising local-currency earnings.
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PetroSA, South Africa’s state-owned oil and gas producer, signed an agreement with General Electric Co. to explore possible commercial opportunities between the two companies in South Africa.
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Louis Oosthuizen came to the 12th hole worried that Paul Casey would pass him and win the British Open. He teed off at the 13th knowing the title was his to lose.
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PetroSA expects to earn a profit of 198 million rand ($25 million) in the current financial year, from an estimated 1.4 billion rand in the previous fiscal year, Sake24 reported, citing Chief Financial Officer Nkosemntu Nika.
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PetroSA Ltd.’s new refinery will create 27,500 jobs, South African President Jacob Zuma said.
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PetroSA Ltd., South Africa’s state- owned oil and natural gas company, plans to start drilling in a gas field off its southern coast by the end of the year to sustain offshore production.
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Louis Oosthuizen said he was thinking about a record-tying score of 59 after opening the third round of the U.S. PGA Tour’s Deutsche Bank Championship with eight birdies in 10 holes.
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