Ramano (helped by Glencore) lands R13bn Caltex coup over China’s Sinopec
OTS brought Glencore aboard, and together they quickly put up a $100m deposit demanded by Chevron. As recently as January, Sinopec still proclaimed victory.
OTS brought Glencore aboard, and together they quickly put up a $100m deposit demanded by Chevron. As recently as January, Sinopec still proclaimed victory.
By Sophie Sassard and Tim Cocks LONDON/LAGOS (Reuters) – France’s Total SA, Europe’s second largest oil company, has put one of its offshore Nigerian oil fields up for sale again, the company said, after a 2012 deal with Sinopec Corp failed. Total has hired BNP Paribas to find buyers for its Usan deepwater oil field … Read more
SAO TOME (Reuters) – Houston-based ERHC Energy Inc will invest around $100 million on exploration and development of one of its blocks offshore Sao Tome and Principe, the company’s president said on Thursday. ERHC signed a 28-year production sharing agreement with the National Petroleum Agency (ANP) on Wednesday for block 11, which lies in the central African island nation’s exclusive economic zone … Read more