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Deloitte's explosive audit of Addax Petroleum, in which it explains its reasons for refusing to validate the Sinopec unit's 2015 financial statements, has shed led on its organisation in Gabon. [...]
From Geneva to Africa, heads have been rolling as the company steels to shield itself against the fallout of the pending Swiss court case over its activities in Nigeria. [...]
With its finances already reeling, Addax Petroleum must pay a huge bill to a Moroccan services company. [...]
The French major is seizing the opportunity of a drop in the oil price to get rid of assets it no longer wants. [...]
An accident on the Obangue field has had a devastating effect on the Chinese major Sinopec. [...]
The storage tank containing part of the Obangue field’s crude that blew up on March 12 had been watched for years by Addax’s workers who called in vain for it to be replaced. [...]
The administrator of Gabon Oil Co is pushing ahead with his plan to save the national company. The acquisition of a field worked by Total could help pull it out of crisis. [...]
Relations between the Chinese firm Addax Petroleum (part of the Sinopec group) and Gabon’s government have been highly complicated in [...]
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