ExxonMobil to explore offshore South Africa; deal for 75% interest in Tugela South

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According to Oil and Gas Journal (O&GJ), as cited by the US Energy Information Administration (EIA), South Africa had proven oil reserves of 15 million barrels in January 2011, all of which are located offshore southern in the Bredasdorp basin and off the west coast of the country near the border with Namibia. Exxon Mobil Corporation’s affiliate, ExxonMobil Exploration and Production South Africa Limited, will soon begin exploration activities offshore South Africa.

Roskill: graphite prices could push higher on tightening markets for batteries & electrodes

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The focus for new natural graphite development remains in Africa, where almost 1 Mtpy of additional concentrate capacity has the potential to come online by 2027 with projects in Madagascar, Malawi, Mozambique, Namibia, and Tanzania. Synthetic graphite electrode prices rose nine-fold through the first three quarters of 2017, increasing from US$1,748/t in January 2017 to a high of US$16,309/t in September, according to Roskill Information Services.

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Greener transport costing UK ‘billions’

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In its report ‘Road to Recovery’ published today, the charity rates the UK’s transport infrastructure 34th behind Namibia and Spain, despite being the 6th richest country in the world. Policies focused around promoting green transport are costing the UK transport infrastructure to fall to third world standards, an independent think tank has suggested.