China Petroleum and Chemical Corp. (Sinopec) is nearing an agreement to buy a majority stake in Chevron's South African assets, estimated to be worth $1 billion, two people familiar with the transaction told Reuters.
Oil supermajors Eni and Exxon Mobil announced last week a $2.8 billion deal in which the U.S. oil company will purchase a 25% indirect interest in the natural gas-rich Area 4 block, offshore Mozambique, Kallanish Energy learns.
Nigeria’s Economic and Financial Crimes Commission (EFCC) filed Thursday fresh charges against oil supermajors Royal Dutch Shell and Eni, as well as other individuals, related to the $1.3 billion purchase of a Nigerian oilfield in 2011, Kallanish Energy learns.
French oil supermajor Total said Monday it’s selling stakes in 15 mature oilfields in Gabon, transferring their operatorship and selling 100% interest in a local pipeline, to Anglo-French independent oil firm Perenco.
Oil supermajor Chevron is talking with the Angolan government and state oil firm Sonangol to revise tax terms, with future investment hinging on the talks, a senior company executive was quoted as saying Wednesday.
Lybia’s National Oil Corporation (NOC) secured on Tuesday a crude oil offtake agreement with Russia’s state-run oil firm Rosneft, as well as preliminary cooperation agreements towards Russian investment in Libya’s oil sector, Kallanish Energy learns.
Algeria’s state-owned oil company Sonatrach has attracted bids from 49 foreign energy firms to build four refineries worth a total of $6 billion, a company source was reported as saying on Monday.
Africa’s third-largest oil producer, Equatorial Guinea, has asked the Organization of the Petroleum Exporting Countries to join OPEC and has agreed to production cuts, its energy ministry said Monday. […]
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) said on Monday its members are planning a three-day strike at ExxonMobil and Chevron fuel depots starting on Wednesday, in protest for recent job cuts, Kallanish Energy understands. […]