Home oil & gas CAMEROON GABON NIGERIA Issue dated 03/02/2015 Addax sorely hit by collapse in oil price While Western majors are slashing their exploration and production budgets, China’s state-run oil companies are doing precisely the same [...] (444 words) This article may be accessed by subscribers and e-wallet holders (EUR 6) Log in to read more Already have an account? Log in Keep me logged in Forgot your password? OK Subscribe toAfrica IntelligenceorPay-Per-Article E-wallet starting from 30 EUR Subscribe or Pay-Per-Article Discover our offers Not reader yet?Create an account to access our FREE SECTION A free issue A selection of articles New editions' summaries Keyword notifications to follow people or topics of interest to you A free issue and a selection of free articles Summaries and email notifications Keep me logged in Create a free account Free Articles MOROCCO Business 03/07/2020 ESL & Network lays groundwork for World Bank, IMF gathering in Marrakesh ANGOLA Business 30/06/2020 Lourenço wants to make up for diamond road repair blunder CAMEROON Politics 26/06/2020 Army frustrated over treatment of Israeli-supervised special forces defending Paul Biya's twilight years Access the free section On the same subject NIGERIA 15/11/2016 Sinopec wants Chinese firm to audit Addax’s accounts The parent company of Addax Petroleum, the Chinese giant Sinopec, is expected to shortly stop working with the British audits [...] GABON 13/10/2015 The bumpy road to merger between Sinopec & Addax Petroleum The need to cut its wage bill has led the parent company of Addax to streamline the way it functions. That’s no easy task. [...] AFRICA 29/09/2015 Addax Petroleum's staff waiting for the chop Employees of the Chinese major have received some uncomfortable news. Nearly a quarter of them at the firm’s Geneva headquarters are to be shown the door. [...] GABON 15/09/2015 Thierry Normand will grasp the nettle for Addax According to our sources, Thierry Normand has been hired as the new managing director of Addax Gabon. While most of [...] NIGERIA 15/09/2015 Once an ally, Offor turns into a liability for Addax A multi-billion dollar, last minute agreement under the previous government could cause serious trouble for China’s Addax. Here’s why. [...] AFRICA 14/07/2015 Is Addax running short of cash? According to company sources, the 300-strong staff at the headquarters [...] GABON 14/04/2015 Addax switches headquarters Addax Petroleum, a troubled affiliate of China’s Sinopec, is expected [...] GABON 14/04/2015 Troubles pile up for Addax Gabonese oil minister Etienne Ngoubou is reportedly on the verge of pressing charges against certain executives of Addax Petroleum in [...] GABON 31/03/2015 Addax ordered to explain role of its middle-man Executives from the Chinese major are currently in Libreville to tell the president why they have been paying a mysterious lobbyist. [...] AFRICA 17/03/2015 Christopher Clucas, another former Shell man at Addax The firm Addax Petroleum, which has been owned by China’s Sinopec since 2009, is hiring new executives to fill the [...] GABON 03/03/2015 The knives are still out among Addax staffers The Chinese company, dispirited by its poor performances in 2014, is pursuing its probe into dubious recruitments in its Gabonese affiliate. [...] CAMEROON GABON NIGERIA 03/02/2015 Marco Kruit, Addax's new Shell recruit The Chinese firm Addax Petroleum (Sinopec group) has at last hired an executive to take charge of HSE (hygiene, security, [...] UGANDA 30/01/2015 Total slows down and starts to leave town The departure of Total’s director general in Kampala, Francois Rafin, is being followed by a large part of his team. [...] MAURITANIA 20/01/2015 Tullow trims its payroll The imposing premises of Tullow Oil in Nouakchott were partly [...] MADAGASCAR 06/01/2015 Exxon plays for time and irritates government Free The American major is thinking of trying to once again re-negotiate the terms of its working program in Madagascar’s offshore. But that could go down badly with the new government. [...] Spotlight AFRICA 16/12/2014 Tullow Oil tumbles from its pedestal Lauded by its shareholders since its discoveries in Ghana and Uganda, the junior Tullow Oil, which became a middle-sized company in the space of 10 years, has run into its first serious woes as 2014 winds up and is scuppering [. [...] NIGERIA 07/10/2014 Addax finally grabs OML 137 The Chinese company has been given a go-ahead to start development work on the permit but the issue of gas isn’t altogether settled and could cause future headaches. [...] AFRICA 07/10/2014 A sweeping broom at Addax Africa Energy Intelligence understands Addax Petroleum’s chairman, Xianliang Geng, has been relieved of his functions on orders from the company’s [...] Spotlight GABON 25/03/2014 Addax faces crushing government demands The end to the legal battle between Gabon’s authorities and the Chinese firm Addax Petroleum in 2013 was by no means the end to the saga. Some articles in the new, 10-year accord on the Obangue, Tsiengui and Autour fields [. [...] SPECIAL OFFER 15% OFF your subscription to AfricaIntelligence.com SUBSCRIBE Offer available until 31/07/2020 SPECIAL OFFER 15% OFF your subscription to AfricaIntelligence.com - Region SUBSCRIBE Offer available until 31/07/2020 Previous Next Receive prompts for these topics CAMEROON GABON NIGERIA Addax Petroleum Alex Stewart International Chevron Direction Generale des Hydrocarbures Emeka Offor Exxon Hamid Chahidi Kaztec Engineering National Petroleum Investment Services Sinopec Total Tullow Oil See all keywordsSee fewer keywords Create a freenotification What is a notification?