South Africa’s Gazania development advances
Independent able to progress South African plans in contrast to Shell’s legal setbacks last year
South Africa’s Gazania-1 prospect will spud in September, AIM-listed operator Eco Atlantic confirms. Gazania-1 is around 25km off South Africa’s northern Cape, near the maritime boundary with Namibia, and has “the potential of over 300mn bl” of light oil, according to Eco Atlantic COO Colin Kinley. The drilling announcement comes around six months after a court ruling suspended Shell’s seismic survey off South Africa’s Wild Coast amid concerns over the potential impact on marine life. That decision raised concerns about the future of South Africa’s nascent offshore upstream sector, and at the time analysts suggested investors ought to take environmental and community concerns into account to

Also in this section
16 April 2025
Israel continues to strike new oil and gas concession agreements and gas exports continue to rise, but an overreliance on Egypt remains the big concern
15 April 2025
Loss of US shipments of key petrochemical feedstock could see Beijing look to Tehran with tariffs set to upend global LPG flows
15 April 2025
Australia’s East Coast Gas projections for a supply shortfall have been pushed further out, but the challenge to meet evolving gas demand and the shifting assumptions around the fundamentals remain just as stark
15 April 2025
Long-delayed prospects for onshore LNG production in Mozambique have improved thanks to US financing approval, but security challenges blight way ahead