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CONGO Issue dated 29/01/2021

ENI speeds up its asset disposals to Thystere Tchicaya and Sassou's dismay

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“The oil companies' quiet retreat from the Gulf of Guinea”

ANGOLA GABON EQUATORIAL GUINEA NIGERIA GULF OF GUINEA

The oil companies' quiet retreat from the Gulf of Guinea

Long considered an oil Eldorado thanks to the presence within the region of Africa's two leading oil producers, Nigeria and Angola, the Gulf of Guinea is declining. The inexorable rundown in its output -few if any new discoveries have been made recently in Gabon, Cameroon or Equatorial Guinea - and the fall in oil prices brought about by the Covid-19 pandemic have speeded up the retreat from the region in which the oil majors have been engaged for some years already. [...]

Italian major ENI is pursuing its drive to rid itself of its smaller assets in Congo, leaving those in charge of the country's oil policy and the SNPC with difficult decisions to make. [...] (299 words)

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SUB-SAHARAN AFRICA 02/03/2021

How ENI avoided a drastic production drop last year

Despite the effects of the Covid-19 pandemic and OPEC's new quotas, the Italian major managed to avoid a major slash in output in 2020 in sub-Saharan Africa. Here's how it pulled it off. [...]

CONGO 14/01/2021

Denis Gokana puts a spoke in Total's wheels at Djeno terminal

Total is still set to operate the Djeno oil terminal for the next twenty years. But the terms for the extension are likely to be much harsher than what presidential advisor Denis Gokana led the French major to believe. [...]

CONGO 24/12/2020

Costs audit could be end of 15-year free run for ENI, Total and Perenco

Oil majors active in Congo that have not had their oil costs audited since 2015 may now have to reveal all for the 2018-2019 fiscal year. [...]

Congolese hydrocarbons minister Jean-Marc Thystère Tchicaya.

CONGO 08/12/2020

Bypassed over renewal, oil minister Thystère Tchicaya sends Total a sharp reminder

Although it has locked in another two decades to operate Djeno, French major Total could be in for a bumpy ride with the authorities during the concession transition period through to the end of the year. [...]

CONGO 04/11/2020

After clinching Djeno, Pouyanné meets Sassou to lobby on Total tax

Total CEO Patrick Pouyanné travelled to Congo to celebrate a major extension of the firm's Djeno concession and discuss the oil major's future investments with the country's president. [...]

CONGO 02/10/2020

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. [...]

IVORY COAST 15/09/2020

To Ouattara's great dismay, ENI reconsiders plans on eve of presidential election

The Italian major ENI has, as we understand, sent the Ivorian authorities a transfer deed for the sale of 36% of its stake offshore in block CI-101 that it had bought from trading house Vitol in 2017. [...]

Spotlight CONGO 23/04/2020

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. [...]

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ENI speeds up its asset disposals to Thystere Tchicaya and Sassou's dismay

The oil companies' quiet retreat from the Gulf of Guinea

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

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ENI speeds up its asset disposals to Thystere Tchicaya and Sassou's dismay

The oil companies' quiet retreat from the Gulf of Guinea

This article may be accessed by subscribers and e-wallet holders (EUR 6) Log in to read more

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Subscribe toAfrica IntelligenceorPay-Per-Article

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Free Articles

Cash-strapped air force opts for second-hand Kuwaiti F-18 Hornets

Russia's support for LNA dampens Haddad's ambitions as national army head

CNOOC hopes to bag former ExxonMobil and BP blocks

How ENI avoided a drastic production drop last year

Denis Gokana puts a spoke in Total's wheels at Djeno terminal

Costs audit could be end of 15-year free run for ENI, Total and Perenco

Bypassed over renewal, oil minister Thystère Tchicaya sends Total a sharp reminder

After clinching Djeno, Pouyanné meets Sassou to lobby on Total tax

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

To Ouattara's great dismay, ENI reconsiders plans on eve of presidential election

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

Receive free prompts for these topics

First visit

Contacts

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A website produced by

Indigo Publications also publishes:

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