http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.30Change: -0.09
R/$ = 10.69Change: -0.12
Au 1294.75 $/ozChange: -2.81
Pt 1476.50 $/ozChange: -3.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Feb 03, 2014

City of Houston looks to woo potential SA energy, trade partners

Back
City of Houston mayor Annise Parker
Photo: Bloomberg
City of Houston mayor Annise Parker
Aviation|Houston|Johannesburg|AECOM|Africa|Baker Hughes|Camac International|CenterPoint Energy|Chevron|Energy|Gas|Halliburton|Petrochemicals|Sasol|System|Weatherford International|Africa|South Africa|United States|USD|Energy|Energy Capital|Energy Giants|Energy Sector|Namely Energy|Natural Gas Multinational|Oil|Oil And Gas|Petrochemicals|Petrochemicals Giant|Annise Parker|Genaro Pe|Mario Diaz|Rodney Ellis|Texas
Aviation||Africa|Gas|Petrochemicals|System||Africa|||Energy|Oil And Gas|Petrochemicals|||
aviation|houston|johannesburg|aecom|africa-company|baker-hughes|camac-international|centerpoint-energy|chevron|energy-company|gas-company|halliburton|petrochemicals-company|sasol|system|weatherford-international|africa|south-africa|united-states|usd|energy|energy-capital|energy-giants|energy-sector|namely-energy|natural-gas-multinational|oil|oil-and-gas|petrochemicals|petrochemicals-giant|annise-parker|genaro-pe|mario-diaz|rodney-ellis|texas
More Insight
© Reuse this



In a bid to deepen the city’s trade relationship with South Africa, business, government and industry representatives from the self-titled “energy capital of the world”, the city of Houston, in the US, have embarked on a one-week trade mission to the country, led by Houston mayor Annise Parker.

Parker, who would lead a delegation on the sidelines of the fifth biennial C40 Mayors Summit, in Johannesburg, noted that there was “great” potential to strengthen the economic ties between the two parties, most specifically in the energy sector. 

Between February 1 and 8, the delegation, which included representatives from energy giants Aecom and CenterPoint Energy, and was sponsored by multinationals Chevron and Halliburton, would meet with high-level government officials and business decision-makers to further boost yearly trade between Houston and South Africa, which totalled $1.3-billion in 2012.

Representatives from Houston-area companies specialising in aviation, property and international trade and investments were also members of the delegation, which would this week host a “Doing Business with Houston” seminar for engagement with the South African private sector and investment community.

“With a strong emerging market like South Africa, it makes sense from both a business and cultural perspective to have strong ties to the area.  I look forward to working with South African leaders to ensure that our city and state are able to continue the solid partnership that has served both so well,” Texas state senator and mission delegate Rodney Ellis noted at a press briefing, in Johannesburg, on Monday.

Houston and South Africa had established cultural and economic ties, with over 370 Houston-based companies reporting business or trade ties with the country.

Of the 214 firms in the Houston region affiliated with subsidiaries in South Africa, 14 were headquartered in Houston, namely energy firm Camac International, oilfield services company Baker Hughes, oil and gas major National Oilwell Varco and oil and natural gas multinational Weatherford International. 

In addition, South African petrochemicals giant Sasol operated two subsidiary locations in Houston.

“Moreover, since 2000, total yearly trade between South Africa and Houston grew at a compound yearly growth rate of 8.9%,” added Ellis.

The Houston Customs District was ranked South Africa’s fifth-largest US gateway for international trade by value, while South Africa ranked as Houston’s thirty-ninth-largest international trade partner by value.

Houston’s exports to South Africa totalled $923.6-million in 2012, while Houston’s imports from South Africa rose 4.8% in the same year to $423.9-million.

In terms of seaborne trade, Houston ranked as South Africa’s fourth-largest US gateway for international seaborne trade, while total seaborne trade between Houston and South Africa totalled $1.2-billion in 2012.

Trade promotion organisation the Greater Houston Partnership International Investment & Trade VP Genaro Peña described Houston’s economy as “diverse and robust”, adding that it “matched up well” with the types of industries being pursued locally.

“We are excited about the growth prospects this trade mission presents us and South Africa. We believe that Houston presents a great opportunity for expanding South African firms looking to do business overseas,” he commented.

Houston Airport System director Mario Diaz added that, as Houston already boasted a strong record of training African aviation professionals from all three major airports in South Africa, the delegation would also pursue engagement with several aviation stakeholders.

"We are looking forward to starting a vigorous dialogue with officials from South African Airways and OR Tambo International Airport while we are in the Johannesburg area. We will also meet with members of the aerospace industry as we continue to pursue our spaceport licence at Ellington Airport, in Texas,” he pointed out.

According to the US Census Bureau, almost 2 200 Houston-area residents were born in South Africa, while almost 1 100 Houston residents had South African ancestry.

Edited by: Tracy Hancock
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
 
Latest News
Updated 7 minutes ago Nigeria-focused oil and gas explorer Oando Energy Resources (OER) on Wednesday announced that it had completed the acquisition of the Nigerian upstream oil and gas business of New York-listed ConocoPhillips for a total cash consideration of $1.5-billion as well as a...
Updated 13 minutes ago The disciplinary hearing of telecommunications giant Telkom’s suspended CFO Jacques Schindehütte was set to resume next Wednesday. Telkom said it hoped the hearing would result in a definitive resolution on the matter of Schindehütte’s personal conduct after a...
Updated 30 minutes ago While unauthorised expenditure by South Africa’s municipalities has declined year-on-year, irregular expenditure has recorded a R2-billion increase as municipalities failed to follow legislated procurement procedures, the latest Auditor-General South Africa audit...
More
 
 
Recent Research Reports
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
Real Economy Insight: Steel 2014 (PDF Report)
This four-page brief covers key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel and stainless steel markets, South Africa’s major steel producers and events that have shaped these markets.
 
 
 
 
 
This Week's Magazine
Multinational semiconductor chipmaker corporation Intel announced its national campaign to further acquire partners to drive its She Will Connect programme, an initiative that aims to expand digital literacy skills to young women in developing countries, further into...
South Africa's MeerKAT radio telescope array programme should get back on schedule within a few months. This assurance has been given by SKA South Africa (SKA SA) associate director: science and technology Prof Justin Jonas. Early last month, Science and Technology...
The Passenger Rail Agency of South Africa’s (PRASA’s) Metrorail service will remain a subsidised service following its current multibillion-rand rolling stock, station, depot and signalling upgrade programme. PRASA group CEO Lucky Montana has allayed fears that...
GARYN RAPSON Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will open the door for court battles to determine who will be held liable for the remediation
The uncertainties around the remediation of affected areas as addressed in the Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will possibly spark litigation and disputes between landowners and businesses, contractors...
South Africa is currently the largest component of the African Development Bank’s (AfDB’s) active portfolio in Southern Africa, comprising 62.5% of the bank’s $7.9-billion exposure to the 12-country region – the second largest beneficiary is Mauritius, which...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks