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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)

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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 [. [...]

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Addax sorely hit by collapse in oil price

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Addax sorely hit by collapse in oil price

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Free Articles

Ousting of PM Khaire deprives US and EU of key ally

Social Housing: Tebboune's Turkish favourites, Dekinsan and Atlas, win contracts worth $171m

GERD: Craig Burkhardt picked to get Abiy back in Trump's good books

Sinopec wants Chinese firm to audit Addax’s accounts

The bumpy road to merger between Sinopec & Addax Petroleum

Addax Petroleum's staff waiting for the chop

Thierry Normand will grasp the nettle for Addax

Once an ally, Offor turns into a liability for Addax

Is Addax running short of cash?

Addax switches headquarters

Troubles pile up for Addax

Addax ordered to explain role of its middle-man

Christopher Clucas, another former Shell man at Addax

The knives are still out among Addax staffers

Marco Kruit, Addax's new Shell recruit

Total slows down and starts to leave town

Tullow trims its payroll

Exxon plays for time and irritates government Free

Tullow Oil tumbles from its pedestal

Addax finally grabs OML 137

A sweeping broom at Addax

Addax faces crushing government demands

Receive prompts for these topics

First visit

Contacts

Tools

Free services

Follow us

A website edited by

Indigo Publications also publishes:

This article may be accessed by subscribers and e-wallet holders (EUR 6)
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