Perenco exports its first barrel of oil from Chad
Perenco has exported its first barrel of oil from its recently acquired Chadian assets via the Chad-Cameroon pipeline.
Glencore
Glencore cops to global bribery scheme, to pay $1bn penalty
Glencore has agreed to pay penalties of $1.06 billion to US and Brazilian authorities. More is to come in a UK settlement with the Serious Fraud Office (SFO).
Ukraine urges commodity traders to stop buying Russian oil
Ukraine asked some of the world’s top commodity trading houses to stop dealing in Russian oil, saying such contracts help fund Vladimir Putin’s war.
Trafigura, Glencore review Rosneft holdings
Trafigura is “reviewing” its shareholding in Vostok Oil, while Glencore is also considering its stakes in En+ and Rosneft, in response to the war in Ukraine.
Glencore pumps more oil, while “managing down”
Glencore has reported strong earnings for 2021, although in terms of energy it was largely driven by coal, rather than oil.
Investors pushed mining giants to quit coal. Now it’s backfiring
It was supposed to be a big win for climate activists: another of the world’s most powerful mining companies had caved to investor demands that it stop digging up coal.
Cheniere secures Corpus Christi expansion support from Glencore
Cheniere Energy has signed another sales contract for LNG in support of its proposed Corpus Christi Stage 3 project.
Corrupt oil trader turns on colleagues in massive Africa bribe case
When Anthony Stimler left Glencore Plc in August 2019, he had two big secrets: For a dozen years, he’d paid millions in bribes to African officials and intermediaries. And he was now helping a US Justice Department investigation into the company and numerous former colleagues.
Ex-Glencore exec cops to Nigerian bribes
A former Glencore employee has reached a plea deal with the US Department of Justice (DoJ), accepting involvement in the payment of bribes in Nigeria.
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.
US charges four in Chadian bribery case
The US has charged two former Chadian diplomats with international bribery and money laundering.
New Gunvor bribery ‘skeleton’ haunts oil tader’s pledge to reform
In late 2019 Gunvor Group, one of the world’s biggest oil traders, said it would make a clean break from the past by settling a long-running bribery case in Africa.
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.
Committee to visit Engen accident site
A South African committee will visit the Engen refinery this week, during a visit to KwaZulu-Natal.
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.
Glencore closes acquisition of Ørsted’s LNG
Glencore has completed its purchase of Ørsted’s LNG business, just under a year after announcing the deal.
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.
Eskom moves to claw back cash from Guptas
Eskom has launched an attempt to recover cash lost to alleged corruption, which took place in 2015-16.
Chad remains offline for Glencore
Glencore produced more oil in the first half of the year, despite shutting down its Chadian assets.
OGTC names entrepreneur Martin Gilbert as chair at ‘crucial’ time
Entrepreneur Martin Gilbert has been appointed chairman of the Oil and Gas Technology Centre (OGTC) at a “pivotal time” for the energy industry.
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 lines up to take FAR’s Sangomar crude
Australia’s FAR has signed a deal to allocate its share of crude from Senegal’s Sangomar field to Glencore Energy.
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.