Brazil's Petrobras to purchase offshore oil block stake in South Africa

Brazilian state-run oil company Petrobras announced on Tuesday, 1 October 2024 that its board gave a green light to acquire a 10% stake in the offshore Deep Western Orange Basin (DWOB) oil block in South Africa, according to a securities filing.

By Andre Romani

3 Oct 2024

Source: Reuters.

Source: Reuters.

The purchase of the stake in the deep water field followed a competitive process held by French oil major Total, which operates the project and will retain a 40% stake in the block.

Source: Reuters

Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.

Go to: https://www.reuters.com/

Top stories

DJ Warras speaking on The Shady Podcast. Source: Supplied.

Marketing & MediaFather, friend, icon: South Africa pays tribute to the late DJ Warras

Karabo Ledwaba 8 hours

Image source: chandlervid85 from

AgricultureMcCain SA to sell vegetable operations to Enduring Ventures

7 hours

Optix marks 25 years with global expansion

Logistics & TransportOptix marks 25 years with global expansion

Optix 8 hours

MultiChoice Talent Factory opens 2026 applications

Marketing & MediaMultiChoice Talent Factory opens 2026 applications

MultiChoice 6 hours

Thinkerneur launches ‘Tegs’ to position South Africa’s education as global benchmark

EducationThinkerneur launches ‘Tegs’ to position South Africa’s education as global benchmark

Thinkerneur 4 hours

Promoted

MDNtv celebrates historic win at the North West Media Awards

Marketing & MediaMDNtv celebrates historic win at the North West Media Awards

MDNTV 2 days

More news

We've compiled our annual #BestofBiz 2025 Marketing & Media lists

Marketing & Media

#BestofBiz 2025: Marketing & Media

10 hours

Supplied image

HR & Management

AI-proof your career with these 10 skills

3 hours

Beards With Heart: dotsure.co.za rallies corporate volunteers for the GRSPCA - George

ESG & Sustainability

Beards With Heart: dotsure.co.za rallies corporate volunteers for the GRSPCA - George

dotsure 2 days

Image source: Racool_studio from

Legal

Supreme Court underscores the duty to exhaust internal remedies before judicial review

Xola Njengele and Jaime-Lee Jacobs 4 hours

Better Bellville steps up recycling efforts with new e-waste drop-off sites

ESG & Sustainability

Better Bellville steps up recycling efforts with new e-waste drop-off sites

The Greater Tygerberg Partnership 3 hours

A look back at a big year

Marketing & Media

A look back at a big year

Howard Audio 7 hours

Women in PR Ghana reveals new leadership

Marketing & Media

Women in PR Ghana reveals new leadership

10 hours

Moving teams, not just people: The growing business case for minibus rentals

Automotive

Moving teams, not just people: The growing business case for minibus rentals

Pace Car Rental 5 hours

Biostimulants gain ground in SA's agriculture as climate pressures rise

Agriculture

Biostimulants gain ground in SA's agriculture as climate pressures rise

5 hours

Stable weather boosts SA's 2026 wine grape forecast

Agriculture

Stable weather boosts SA's 2026 wine grape forecast

5 hours

Former Springbok Women's captain Lusanda Dumke passes away

Lifestyle

Former Springbok Women's captain Lusanda Dumke passes away

4 hours

Image source: freepik from

Education

Gauteng learner placement continues

6 hours

Archived image from SANews.gov.za

Education

Matric results to be published in newspapers, media as usual: High Court rules

2 days

Image: Mohale Dam, part of the Lesotho Highlands Water Project - David Love, Public domain, via Wikimedia Commons

Construction & Engineering

No extensions for Lesotho Highlands Water Project, Majodina

8 hours

#BestofBiz 2025: HR & Management

HR & Management

#BestofBiz 2025: HR & Management

12 hours

#BestofBiz 2025: Education

Education

#BestofBiz 2025: Education

12 hours

When amendments to the Companies Act are signed into law, companies will have to disclose the gap between the highest-paid and the lowest-paid employee. Graphic: Lisa Nelson / GroundUp

HR & Management

New law will reveal South Africa’s huge pay gaps

Dr Salomé Teuteberg 12 Dec 2025

Image source: freepik from

Legal

How this ConCourt ruling altered asset distribution in non-accrual marriages

Bronwyn Samuel and Kaamilah Paulse 10 Dec 2025

Source:

Marketing & Media

Reddit challenges Australia’s social media ban for children

12 Dec 2025

#BestofBiz 2025: Legal

Legal

#BestofBiz 2025: Legal

12 hours

Image source: mdjaff from

Legal

Privacy vs defamation: Why it is vital to choose the correct cause of harm

Odwa Abraham and Lamiah Casoo 11 Dec 2025

2025 Startup Awards reveal SA’s most promising new ventures

Entrepreneurship

2025 Startup Awards reveal SA’s most promising new ventures

Imran Salie 12 Dec 2025

#BestofBiz 2025: Construction & Engineering

Construction & Engineering

#BestofBiz 2025: Construction & Engineering

10 hours

Image source: Getty Images

HR & Management

From survey to strategies: How to leverage new labour market insights for talent sourcing

Jackie Launder 10 Dec 2025

5 tips to avoid hefty electricity costs in the Cape Town CBD

Energy & Mining

5 tips to avoid hefty electricity costs in the Cape Town CBD

Mark Allewell, Sensor Networks 11 Dec 2025

Let's do Biz