How Trident bagged MKB concession
Trident OGX has managed to become the operator of Congo's MKB concession, previously held by the state oil company. This is how the US firm pulled it off.
Congo's new hydrocarbon's minister Bruno Jean-Richard Itoua has issued his first accreditation to the firm Atlantique Pétrochimie, the BFDI subsidiary that is supposed to be constructing the Pointe-Noire refinery. But since the laying of the cornerstone in February, the works have been at a standstill.
Zenith Energy, the company which has just taken over AAOG, has been accused by AAOG's personnel of having failed to pay their salaries. Zenith has denied this but the government has intervened. Here, we reveal what happened behind the scenes.
With its executives leaving in droves and its production in the doldrums, Addax Petroleum, which was bought out by Sinopec in 2009 for $7.2 billion, has run into trouble of a different order. Although the crisis has been largely contained [.