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Spotlight | Congo
ENI calls in top investment bank to advise on asset sales

Italian oil major ENI is preparing to carry out a high-speed cutback programme at one of its oldest African subsidiaries. It has called in an investment bank to take charge of selling its Congolese assets on which it is not operator. [...]

Published on 23.09.2020 at 05:00 GMT Reading time 2 minutes

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Energy

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Alessandro Bertolini
Cairn Energy
Clerici
Covid-19
Denis Sassou Nguesso
ENI
James McEwen
Jefferies
Lukoil
Rothschild
Societe nationale des petroles du Congo
Woodside Energy

Spotlight | Congo
ENI's $5bn 'Marine XII' LNG project in Congo electrifies politicians and subcontractors alike

By promising substantial investments in an LNG export project off the coast of Pointe-Noire, Italy's ENI has raised hopes of breathing new life into a moribund industry. The Congolese authorities have placed high stakes on the project.

Subscribers only Energy 04.04.2023

Egypt, Senegal
Cairn, flush with Sangomar cash, allies with Cheiron in Egyptian desert

Cairn Energy, less than three months after pulling out of the Sangomar oil field in Senegal, has moved into a new country, Egypt, with a powerful and well-connected local partner.

Subscribers only Energy 22.03.2021

Congo
Sassou extends New Age's Marine III exploration licence

The British junior New Age is to have an extra year to conduct drilling on its Congolese exploration permit for Marine III.

Subscribers only Energy 10.12.2020

Congo
Nguesso clan loses $2.4m Florida penthouse for good

The court of the Southern District of Florida has authorised the sale of former SNPC downstream director Denis-Christel Sassou Nguesso's luxury Miami apartment, seized in June.

Subscribers only Energy, Politics 23.11.2020

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How BP plans to avoid 'no drill' fine

As we revealed, BP no longer plans to drill on the Gambian block A1.

Subscribers only Energy 17.11.2020

Africa
African business booms for New York investment bank Jefferies

Traditionally focused on the US and Europe, in recent years the investment bank Jefferies has carved a niche for itself in the African oil sector. It was recently entrusted with the privatisation of Angola's Sonangol.

Subscribers only Energy 02.11.2020

Congo
ENI continues to disengage by giving up Zingali and Loufika-Tioni permits

As well as selling off part of its non-operating assets in Congo, ENI is hoping to divest itself of the non-essential blocks that it operates there.

Subscribers only Energy 02.10.2020

Congo
Sassou Nguesso's plan for Djeno oil terminal after 50 years of Total and ENI at the helm

The structure of the entity that will be in charge of the running Congo's only oil port is beginning to take shape. Here's what it could look like.

Subscribers only Energy 22.09.2020

Congo
Bourbon Offshore enters the fray over Pointe-Noire docks

Having tussled for years with major works minister Jean-Jacques Bouya for control of the Pointe-Noire oil port, Willy Nguesso, the president's nephew, has won support from oil services company Bourbon Offshore.

Subscribers only Business 21.09.2020

Senegal
Struggling in Equatorial Guinea, Lukoil foiled over Sangomar by Woodside

The cut-price acquisition of Senegal's Sangomar field by Lukoil, a firm run by a close associate of Vladimir Putin, has been derailed.

Subscribers only Energy 25.08.2020

Artist's impression of FPSO to develop the Sangomar field.

Spotlight | Congo
How Perenco and oil supremo Gokana scuppered Total's offer on the much-coveted Kombi, Likalala and Libondo II oilfields

The family-run junior oil company Perenco has shut out the competition by bringing out the big guns to win the contract for the Kombi, Likalala and Libondo II fields, with former SNPC boss Denis Gokana lending a helping hand.

Subscribers only Energy 23.04.2020

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Alessandro Bertolini
Cairn Energy
Clerici
Covid-19
Denis Sassou Nguesso
ENI
James McEwen
Jefferies
Lukoil
Rothschild
Societe nationale des petroles du Congo
Woodside Energy

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Spotlight | Congo
ENI calls in top investment bank to advise on asset sales

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Set up email notifications for these topics

Spotlight | Congo
ENI's $5bn 'Marine XII' LNG project in Congo electrifies politicians and subcontractors alike

Egypt, Senegal
Cairn, flush with Sangomar cash, allies with Cheiron in Egyptian desert

Congo
Sassou extends New Age's Marine III exploration licence

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Congo
ENI continues to disengage by giving up Zingali and Loufika-Tioni permits

Congo
Sassou Nguesso's plan for Djeno oil terminal after 50 years of Total and ENI at the helm

Congo
Bourbon Offshore enters the fray over Pointe-Noire docks

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Struggling in Equatorial Guinea, Lukoil foiled over Sangomar by Woodside

Spotlight | Congo
How Perenco and oil supremo Gokana scuppered Total's offer on the much-coveted Kombi, Likalala and Libondo II oilfields

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Indigo Publications' websites

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Spotlight | Congo ENI calls in top investment bank to advise on asset sales

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Set up email notifications for these topics

Spotlight | Congo ENI's $5bn 'Marine XII' LNG project in Congo electrifies politicians and subcontractors alike

Egypt, Senegal Cairn, flush with Sangomar cash, allies with Cheiron in Egyptian desert

Congo Sassou extends New Age's Marine III exploration licence

Congo Nguesso clan loses $2.4m Florida penthouse for good

Gambia How BP plans to avoid 'no drill' fine

Africa African business booms for New York investment bank Jefferies

Congo ENI continues to disengage by giving up Zingali and Loufika-Tioni permits

Congo Sassou Nguesso's plan for Djeno oil terminal after 50 years of Total and ENI at the helm

Congo Bourbon Offshore enters the fray over Pointe-Noire docks

Senegal Struggling in Equatorial Guinea, Lukoil foiled over Sangomar by Woodside

Spotlight | Congo How Perenco and oil supremo Gokana scuppered Total's offer on the much-coveted Kombi, Likalala and Libondo II oilfields

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Guinea
Behind the scenes of Mamadi Doumbouya's offensive on Russian miner Nordgold

DRC
Dan Gertler's billions of dollars in royalties at heart of huge legal battle

Spotlight | Congo
ENI calls in top investment bank to advise on asset sales

Spotlight | Congo
ENI's $5bn 'Marine XII' LNG project in Congo electrifies politicians and subcontractors alike

Egypt, Senegal
Cairn, flush with Sangomar cash, allies with Cheiron in Egyptian desert

Congo
Sassou extends New Age's Marine III exploration licence

Congo
Nguesso clan loses $2.4m Florida penthouse for good

Gambia
How BP plans to avoid 'no drill' fine

Africa
African business booms for New York investment bank Jefferies

Congo
ENI continues to disengage by giving up Zingali and Loufika-Tioni permits

Congo
Sassou Nguesso's plan for Djeno oil terminal after 50 years of Total and ENI at the helm

Congo
Bourbon Offshore enters the fray over Pointe-Noire docks

Senegal
Struggling in Equatorial Guinea, Lukoil foiled over Sangomar by Woodside

Spotlight | Congo
How Perenco and oil supremo Gokana scuppered Total's offer on the much-coveted Kombi, Likalala and Libondo II oilfields