Chad strike for Exxon amid Savannah sale plans
Exxon workers in Chad have gone on strike, amid concerns about employment following the proposed sale of local assets to UK-listed Savannah Energy.
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Savannah in talks to buy Exxon’s Chad, Cameroon assets
Savannah Energy is in talks to buy ExxonMobil’s entire up- and midstream portfolio in Chad and Cameroon.
US charges four in Chadian bribery case
The US has charged two former Chadian diplomats with international bribery and money laundering.
Chad’s president killed in rebel fight
Chadian President Idriss Deby has died while visiting fighting according to reports, coinciding with his re-election.
Chad denies sale plans for export pipeline
Chad has no plans to sell a stake in its export pipeline to Cameroon, Société des Hydrocarbures du Tchad (SHT) has said in a statement.
Glencore writes down African oil works
Glencore has taken an impairment of $6.39 billion for 2020, including $1.15bn in African oil operations.
Travel restrictions slow Chad resumption for Glencore
Glencore’s wells in Chad remain offline although the Alen field, in Equatorial Guinea, is expected to start up on schedule in the first quarter.
Glencore faces UK scrutiny over Chad spill
The UK’s National Contact Point (NCP) has accepted a complaint against Glencore UK for an oil spill in Chad.
CPC celebrates first delivery of Chadian crude
Taiwan’s CPC Corp. has celebrated the arrival of Chadian crude in its home market.
Chad asks to suspend payments on Glencore oil-backed loan
Chad asked Glencore to suspend payments on its oil-for-cash loan this year, a move that could prove a precedent for private creditors worried about being dragged into a global debt-relief push for poor countries.
Chad remains offline for Glencore
Glencore produced more oil in the first half of the year, despite shutting down its Chadian assets.
China eyes African opportunities
Amidst the oil price crash crisis and the pressure on companies, opportunities are emerging for those with resources.
Nigeria and Angola face oil price squeeze
Nigeria and Angola face particular pressures as a result of the oil price crash, a new report from Verisk Maplecroft has warned.
Troubled Tullow appoints new CEO
Tullow Oil has appointed Rahul Dhir to serve as its new CEO and an executive director, with Dorothy Thompson returning to her role as non-executive chair.
Petronas joins Exxon in seeking exit from Chad project
Petronas is considering selling its stake in a joint project in Chad with ExxonMobil, according to people familiar with the matter.
Glencore loses Chad exploration licences
Glencore’s core business of marketing held up well in 2019 but the trader took a $2.8 billion impairment charge, driven in part by the loss of its oil exploration licences in Chad.
Glencore ups production with Cameroon start
Glencore’s oil production has risen 8% during the first three quarters of the year over the same period in 2018.
Exxon in talks with Chad over $74bn fine
Exxon Mobil Corp. is negotiating with Chad’s government about a record $74 billion fine the oil company was told to pay last month by a court in the central African nation because of a dispute over royalties.
Exxon is hit with fine from Chad five times country’s GDP
Exxon Mobil Corp. was ordered to pay a record $74 billion fine in Chad for underpaying royalties in the central African nation where the company has been drilling for 15 years, according to a court document.
Glencore to impair value of Chad oil unit by about $790 million
Glencore Plc, the mining and commodities company led by billionaire Ivan Glasenberg, expects to impair the value of its oil business in Chad by about $790 million in its interim accounts.