Oryx Energies

Kenya
Oryx Energies looks to increase market share with Gulf fuel

Though currently a small player in the sector, Oryx Energies is planning to open four more petrol stations following a deal reached with Saudi Arabia and the UAE.

Cameroon
China's Addax blames catastrophic drilling campaign on outsiders

Addax Petroleum's drawn-out drilling campaign in Cameroon stuttered to a halt in September. Its leaders are laying the blame for the failure of the costly $180m operation on the former boss of the firm's Cameroon subsidiary, Roger Beaumont.

Niger
China tightens grip on Niger's oil with Sinopec

China's state-run oil major Sinopec has set it sights on the western African country, where it is poised to become the second largest Chinese firm operating there behind China National Petroleum Corp (CNPC), an old hand in Niger.

Nigeria
NNPC relocates trading subsidiary to Dubai

Just weeks before Nigeria's president elect Ahmed Bola Tinubu takes office, the state-owned oil company NNPC is reorganising its crude oil trading to maximise profits.

Cameroon
Biya administration takes Addax Petroleum to task over breaches

Relations between Yaoundé and the subsidiary of Chinese oil giant Sinopec have hit a new low. Having already been slammed for not employing enough Cameroonian staff, Addax is now accused of breaching labour laws following a police raid on its offices.

Gabon
Ex-Addax temp workers pursue fight over pay

Several Addax Petroleum and Sino Gabon former temporary workers have doubled down on their fight against Sinopec's two subsidiaries.

Cameroon
Sinopec and Perenco frustrated as Addax Petroleum drilling campaign fails to produce results

Addax, a subsidiary of Chinese major Sinopec, has drilled a number of wells in Cameroon but has failed to significantly increase its production there, to the great displeasure of its two local partners.

Mauritania
Addax Energy and Coral Energy battle for bunkering contract

Mauritania's historical supplier of petroleum products, Addax Energy, and a newcomer to the African market, Coral Energy, are both bidding for a deal to refuel vessels off the country's coast.

The New Guard
Ivory Coast, Guinea, Sudan, Zimbabwe

Every Wednesday, Africa Intelligence reveals the next generation of movers and shakers in business and politics.

Ivory Coast Cédric Diarra, the PM's special adviser

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Sudan Fintech and Abdigani Diriye's free banking services app

Zimbabwe Ndlovu, head of African Risk Capacity

Africa, Switzerland, UAE
Litasco shifts to Dubai to circumvent Ukraine sanctions

The trading arm of the Russian oil giant Lukoil, which until now has been run from Geneva, is gradually moving to Dubai in order to continue its activities in Africa despite sanctions imposed after the invasion of Ukraine.

Gabon
Schlumberger, GE, Spie... the contractors at the heart of a quiet local content revolution

After extending carte blanche for decades, the Ministry of Hydrocarbons has decided to make oil subcontractors' activities conditional on obtaining technical approval. This is a symbolic financial measure, but its implementation is causing concern among the companies concerned.

Gabon
Social storm grows for Port-Gentil private security providers

The primary security providers protecting the oil infrastructure in Port-Gentil have been rocked by unrest within their ranks, and the situation is beginning to worry their clients.

Mauritania
How Addax-Oryx and Nouakchott buried the hatchet

The sharp rise in oil prices, combined with the authorities cancelling two tenders in early 2022, has cost Mauritania a pretty penny. The state has been on bad terms with its traditional fuel supplier, Oryx Energies, but recently made peace with it and signed a contract to cover the rest of the year.

Nigeria
Local magnates hopeful as BW Offshore puts Nigerian FPSOs up for sale

The Norwegian crude oil storage vessel firm wants to leave Nigeria to focus on other more promising markets in Latin America. The takeover of its assets is turning into a battle between local and foreign firms.

Guinea
SONAP feels the heat over fuel imports

Contested by oil traders over the way it organises its tenders, the state-owned company that oversees Guinea hydrocarbons industry is also mired in payment problems. This situation is contributing to the increase in the price of petrol.

Tanzania
Government officials regret closing down public refineries as fuel prices soar

Several senior figures are urging that the public company responsible for refineries, which was partially closed down in 1999 and now only deals with stocks, be given a new lease of life.

Spotlight | Africa, Mozambique
Benedict Peters' Aiteo takes a tumble in bid for Mozambique oil

Nigerian businessman Benedict Peters is struggling to establish himself in oil and mining on the continent. He has just been turned down in Mozambique.