https://www.engineeringnews.co.za
Africa|Exploration|Gas|Marine|Oil And Gas|Shell|Testing|Environmental
Africa|Exploration|Gas|Marine|Oil And Gas|Shell|Testing|Environmental
africa|exploration|gas|marine|oil-and-gas|shell|testing|environmental

Shell’s South African partner warns against halting oil search

25th January 2022

By: Bloomberg

  

Font size: - +

Shell’s South African partner dismissed fears that seismic surveys for offshore oil and gas could endanger marine life and warned that halting searches could leave the country entirely dependent on crude imports.

There is no evidence that seismic testing has “had any biologically significant impact on any marine populations in areas in which surveys have been conducted anywhere in the world,” Hosken Consolidated Investments said in an open letter published on its website. The company is an investor in Impact Oil and Gas, in which Shell owns a 50% stake.

Shell temporarily halted its search for offshore oil and gas reserves and its vessel left South African waters after a court on December 28 granted local activists an interim interdict blocking any seismic surveys until a ruling can be made on whether further environmental authorization is required.

“Some people may believe the most important social contribution they can make is to inhibit oil exploration in South Africa, but their success will not end our demand for oil,” the company said. “It will simply leave us completely dependent on importing it at huge cost to our foreign reserves.”

Edited by Bloomberg

Comments

Showroom

Avlock International
Avlock International

Avlock International is a leading manufacturer and distributor of Specialized Fastening Systems.

VISIT SHOWROOM 
The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 24 May 2024
Magazine round up | 24 May 2024
24th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.358 0.414s - 170pq - 2rq
Subscribe Now