Latest News for: African offshore


Weather Permitting: Here's your Fayetteville area forecast for the week

Fayetteville Observer 28 Sep 2021
That's it ... That low, by the way, will create a path for major hurricane Sam to stay well offshore later this week ... The path provided by our approaching low pressure system should hook the small, but potent, storm well offshore,. Elsewhere, two more systems are rolling off the African coast, and both are likely to develop in decent conditions ... .

Oil climbs a sixth day on supply concerns, Brent rises over $80

Gulf Daily News 28 Sep 2021
Hurricanes Ida and Nicholas, which swept through the US Gulf of Mexico in August and September, damaged platforms, pipelines and processing hubs, shutting most offshore production for weeks. Also weighing on supply, top African oil exporters Nigeria and Angola will struggle to ...

GHANA : Kosmos makes fresh attempt to win government support for takeover of Oxy assets

Africa Intelligence 24 Sep 2021
Occidental Petroleum's planned sale of its Ghanaian offshore assets to Kosmos Energy is one of the most secret ever seen on the African continent and also promises to be one of the most significant deals concluded in recent years. Nothing ....

SENEGAL : FAR and CNOOC in West African offshore blind spot

Africa Intelligence 22 Sep 2021
Australian firm FAR's drilling schedule for the Gambian offshore Block A2 is becoming clearer. it is due to start on ....

The knock-on effect for SA investors of tightened regulation in China

Independent online (SA) 20 Sep 2021
The fact is that a large proportion of South Africans are invested in China, directly or indirectly. Retirement funds usually have an offshore component to their portfolios and will therefore have some exposure to Chinese companies.

Have you considered investing offshore? It may be time to do so...

Independent online (SA) 16 Sep 2021
The opportunity of offshore investment ... The average South African high-net-worth individual currently holds around 20% of their wealth offshore, up from 14% a decade ago – a 43 % increase over that period ... The perception of complexity and high costs often prevents clients from executing on their plan for offshore diversification.

You may need separate wills for your offshore investments

Independent online (SA) 15 Sep 2021
As more South Africans invest in offshore assets across the globe, Mandy Dix-Peek, the head of Old Mutual Wealth Fiduciary Services, says it is critical that, where one holds assets offshore, often the best way to protect the assets is to set up a will in the jurisdiction of the assets, because a South African will might not be recognised there.

South African Forex Scammers get sentenced twenty years after crime

Finance Magnates 10 Sep 2021
Two South African Forex scammers were convicted after twenty years of investigations and court proceedings during the case ... Instead, the scammers stole R 1.6 million and used the funds for their own benefit after diverting the money to offshore bank accounts. The South African ...

You may not be able to travel, but you can invest your money globally

Independent online (SA) 09 Sep 2021
Covid-19 may have restricted global travel and kept South Africans at home, but it did not prevent the impressive performance of local and offshore investments over the past year ... He says investing offshore is an important component of most investor’s portfolios and it is quite simple to do.

Authorities in Ivory Coast announce 'major discovery' of oil

Ghana Web 04 Sep 2021
Oil production in the country, which in 2019 recorded an increase of 12% to more than 36,000 barrels per day, comes from drilling wells located mainly offshore, near the border with Ghana. The west African nation, a modest producer, revised its oil code in 2015 to attract new investors through production sharing contracts ... .

How to build a globally diversified investment portfolio

Business Day 29 Aug 2021
More South Africans are investing and externalising funds offshore as never before as they seek greater country diversification and enhanced returns ... The case for offshore diversification ... While some multinationals, such as Naspers, Richemont and British American Tobacco, provide a rand hedge, there are often better options offshore.

The World’s Newest Oil Countries Are Racing To Exploit Reserves

Oil Price 20 Aug 2021
... in the Guyana-Suriname Basin offshore the two South African neighbors as well as in Ghana in recent years.

MARCO VAN NIEKERK: Only better policing can keep SA safe and avoid economic catastrophe

Business Day 20 Aug 2021
Considering the challenges facing the police, many South Africans, especially those living and operating businesses in rural areas, rely on self-defence firearms to keep themselves and their families safe ... Many South Africans without the ability to emigrate will move capital offshore, fearing recession.

The Energy Bulletin Weekly 16 August

Resilience 16 Aug 2021
Ben van Beurden, CEO of Shell, commenting on developing a new field offshore Scotland ... The Gambian government said on Tuesday BP has agreed to settle a $29.3 million outstanding commitment to drill an exploratory oil well in the West African country’s offshore A1 block, which the company was awarded two years ago.

South African Expert Says Tax-Dodging Crypto Traders Face Heightened Jail Threat

Bitcoin 13 Aug 2021
He adds that this threat of jail time similarly applies to South African crypto traders that use offshore exchange platforms to trade or store their crypto assets ... It is such mechanisms that the revenue collector hopes to use when pursuing South African crypto holders that trade on offshore exchanges.

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