TotalEnergies has signed agreements to acquire a 42.5% operating interest in the PEL 104 exploration license, located offshore Namibia, from Eight Offshore Investments Holdings and Maravilla Oil & Gas. Upon completion of the transaction, TotalEnergies will become the operator of the license, holding a 42.5% interest alongside Petrobras (42.5%), Namcor (10%), […]
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South Africa’s manufacturing sector has slipped back into contractionary territory, with the seasonally adjusted Absa Purchasing Managers’ Index (PMI) dipping by 1.6 points to 49.2 in October. The drop in the index from 50.8 in September marks a swift reversal after just one month of signalling growth, highlighting the fragility […]