Wed, 25-Feb 2026

Search news articles
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics
  • Kenya Business NewsAfrican Business NewsGlobal News
  • Press Releases
  • Shows
  • Best Places to Work 2026
Subscribe
Events
Subscribe
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics

    Contact Us

    Media Queries & Partnerships:[email protected]

    About Us

    We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe.

    Disclaimer

    The information contained in this website is for general information purposes only.
    © 2026 Wallstreet Africa Technologies LTD.. All Rights Reserved.
    1.0.32

    TotalEnergies, Shell in Fresh Bid to Explore Oil in S. Africa

    Jackson
    By Jackson Okoth
    - April 23, 2022
    - April 23, 2022
    African Wall StreetEnergyGlobal NewsMining
    TotalEnergies, Shell in Fresh Bid to Explore Oil in S. Africa

    TotalEnergies, Shell want to explore for oil on a block off South Africa’s Southwest Coast months after hitting legal minefields

    This move comes months after two attempts to conduct seismic surveys in South Africa’s waters were abandoned.

    TotalEnergies has invited interested parties to participate in public meetings to discuss its plan. SLR Consulting Ltd will carry out an environmental assessment, it said in the notice dated April 19th 2022.

    “The main purpose of the pre-application phase is to provide initial notification to stakeholders and specifically to identify and develop the stakeholder database for the project,” said SLR.

    This will ensure SLR has a comprehensive database for future stakeholder engagement, and more information will be released in May, the company said.

    Shell was blocked from carrying out a seismic survey off South Africa’s south coast in December after local communities took legal action against it, saying they hadn’t been consulted and that the program may harm marine life and disrupt fishing.

    In March, Searcher Seismic abandoned exploration off the West Coast after a court ordered it to halt activity.

    Still, in both cases, a later ruling could allow a resumption of exploration, though Searcher Seismic said it will not return.

    TotalEnergies said on its website that it plans to drill one exploration well in the area and then, if it is successful, as many as four more.

    The notice detail plans to explore a 10,000 square kilometre (3,861 square miles) part of a block off the coast between Cape Town and Cape Agulhas.

    The block is between 60 kilometres and 170 kilometres offshore and covers water depths of between 700 meters and 3.2 kilometres.

    In addition to TotalEnergies and Shell, the government’s Petroleum Oil & Gas Corp. of South Africa is a partner.

    TotalEnergies has made two gas condensate discoveries in 2019 and 2020 off the South African coast.

    ALSO READ: TotalEnergies Net Profit fall 20% to KSh 2.7B

    The Kenyan Wall Street

    We are a leading integrated digital content platform providing in-depth business and financial news across Africa & the globeSubscribe
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...

    Your edge in markets, powered by AI

    Explore cutting-edge insights with our AI assistant, delivering real-time analysis, personalized news, and in-depth answers at your fingertips.

    Sign Up

    Show me today’s top trades

    Explain the market in simple terms

    What’s my next smart move?

    Report Issue

    Wall Street Africa Business Intelligence

    Access exclusive news, expert analysis, and tools designed to give investors an edge.

    Fixed Income

    Real-time bond pricing with instant calculations, auction data, yield curves, and trend analysis for Africa’s fixed-income markets.

    Local and Global Insights

    Unique perspective with a blend of local and global news and analysis, tailored for African investors.

    Real-Time Economic Indicators

    Monitor inflation, currency movements, and other key economic indicators for African countries.

    Interactive Data for Local Markets

    Visualize trends and compare markets across Africa with interactive charts and tools.
    Wallstreet Africa
    Wallstreet Africa
    Wallstreet Africa