• Business
  • Energy
  • Markets
  • Intelligence
    • Policy Intelligence
    • Fashion Intelligence
    • Economic Intelligence
    • Security Intelligence
  • Technology
  • Infrastructure
  • Politics
  • LBNN Blueprints
  • Business
  • Energy
  • Markets
  • Intelligence
    • Policy Intelligence
    • Fashion Intelligence
    • Economic Intelligence
    • Security Intelligence
  • Technology
  • Infrastructure
  • Politics
  • LBNN Blueprints
LIVE MARKETS
Initializing...
Home Business

4 years of court battles fail to stop South Africa’s push for offshore oil and gas expansion

Simon Osuji by Simon Osuji
March 23, 2026
in Business
0
4 years of court battles fail to stop South Africa’s push for offshore oil and gas expansion
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Despite this, the authorities are pressing ahead, positioning oil and gas exploration as a critical tool to strengthen the nation’s fuel supply.

Speaking at the Southern Africa Oil and Gas Conference in Cape Town earlier this month, Minister of Mineral Resources and Petroleum Gwede Mantashe reaffirmed the government’s commitment.

“The main problem today is our environmentalists dragging us into court. We have the potential to exploit oil, we have the potential to exploit gas, but for every oil and gas project, we end up in court,” Mantashe said.

Expanding offshore oil and gas reserves is therefore seen as a strategic move to improve energy security, reduce import reliance, and support economic growth.

Projects led by companies such as Shell and TotalEnergies have been suspended following lawsuits from environmental groups.

Balancing energy needs and environmental concerns

The country relies largely on suppliers such as Nigeria, Saudi Arabia, and Angola, making it vulnerable to global price swings and supply disruptions.

Declining local refining capacity has further increased reliance on imported refined fuels, exposing the economy to inflationary pressures and a rising import bill.

Environmental groups have consistently challenged exploration projects, citing potential risks to marine ecosystems and local communities.

Critics argue that offshore drilling could disrupt fisheries, harm biodiversity, and contribute to climate change.

By establishing the South African National Petroleum Company (SANPC) and finalizing the implementing regulations for the Upstream Petroleum Resources Development Act (UPRDA), authorities are creating a dedicated framework for exploration and production designed to attract investment while maintaining regulatory oversight.

With PetroSA approving Shell as a majority partner in offshore block 2C and TotalEnergies planning to begin drilling in 2026, South Africa is signaling a decisive shift toward deepening domestic energy production.

Source link

Previous Post

SARS Seeking Civil Judgments to Collect Recent Trust Tax Debt

Next Post

Tunisia targets $1.3bln in 2026

Next Post
Tunisia targets $1.3bln in 2026

Tunisia targets $1.3bln in 2026

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

  • Mahama attends Liberia’s 178th independence anniversary

    Mahama attends Liberia’s 178th independence anniversary

    0 shares
    Share 0 Tweet 0
  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0

Get strategic intelligence you won’t find anywhere else. Subscribe to the Limitless Beliefs Newsletter for monthly insights on overlooked business opportunities across Africa.

Subscription Form

© 2026 LBNN – All rights reserved.

Privacy Policy | About Us | Contact

Tiktok Youtube Telegram Instagram Linkedin X-twitter
No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • LBNN Blueprints
  • Quizzes
    • Enneagram quiz
  • Fashion Intelligence

© 2026 JNews - Premium WordPress news & magazine theme by Jegtheme.