PetroSA (South Africa) making a R1.4bn net loss in the 2016/17 financial year to the end of March.   PetroSA, was formed in January 2002 from the merger of three previous entities: 

Just before leaving Mossel Bay, South Africa, I took one last photograph of the bay from the Point at Kingfisher restaurant. You may just be able to see the oil rig on the water’s horizon near the left