Petronas

Sudan
Petronas vs Khartoum arbitration fizzles out

The arbitration proceedings initiated at ICSID in October 2021 by the Malaysian major Petronas against the government of Sudan, whom it has accused of seizing its assets in the country, have been suspended.

Chad
ExxonMobil still hashing out bonus payment with transitional authorities

The oil major ExxonMobil, which is withdrawing from Chad on 1 July, has still not managed to agree on the terms of its departure with the transitional leaders.

Chad
Savannah unleashes charm offensive on Kaka following ExxonMobil exit

The British junior, newly arrived in Chad, intends to do everything in its power to gain the approval of the country's authorities. It is preparing to develop huge electrification projects in its production area of Doba and near N'Djamena.

The New Guard
Senegal, Ghana, South Africa, The Gambia

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

SenegalThérèse Faye Diouf, the ruling party's youth champion in Macky Sall's stronghold

GhanaGomashie Edem Wisdom-Faraday, new voice for Accra's 'Gold OPEC'

South AfricaNicholas Nyati, fresh face of the DA's youth

The GambiaCany Jobe, key to country's oil future

Niger
TotalEnergies waves goodbye to distribution and hands over its stations to Star Oil

Owned by the Mauritanian businessman Al Houssein, Star Oil will soon take over all the oil facilities previously in the hands of TotalEnergies.

Chad
Government requests doubling departure bonus in ExxonMobil/Savannah deal

The financials of the major's departure from the Doba Basin are being hashed out with the Chadian authorities. The matter is being taken up by the president's new secretary general.

Chad
Savannah Energy sets up dream team for Exxonmobil and Petronas takeover

The acquisition of ExxonMobil and Petronas assets by the junior Savannah Energy is expected to be effective in June, however, Andrew Knott's group has already begun positioning executives in Chad.

Sudan
Petronas chooses its arbitrator in Sudan action

The arbitration proceedings brought by Petronas against Sudan before the World Bank's International Centre for Settlement of Investment Disputes (ICSID) have taken a small step forward.

Chad
Savannah Energy always opts for Azerbaijani traders

The British junior continues to enjoy the support of Azerbaijani funds when acquiring blocks in Africa. After Niger, Savannah is now interested in Chad.

Chad
Vitol quietly backs Savannah's purchase of ExxonMobil-Petronas assets

The Swiss commodities trader Vitol has become a trump card in British junior Savannah's game. In exchange for financial support for Savannah's purchase of ExxonMobil-Petronas's Doba assets, it should end up well placed to market the crude produced there.

Chad, South Sudan
Jefferies devotes itself to facilitating withdrawal of Petronas from Africa

The investment bank Jefferies is doing all it can to speed up the Malaysian major's withdrawal from the region.

Tunisia
Perenco takes over Mazarine assets and targets ENI permits

Perenco has bought Mazarine Energy's Tunisian assets and is also interested in taking over ENI's permits in Tunisia.

Chad, South Sudan
Petronas keen to conclude Perenco mega-deal

Malaysian oil major Petronas is trying to divest itself of all of its mature producing assets in the region. These may be bought by French company Perenco.

South Sudan
Petronas plans its difficult departure

The Asian oil company Petronas no longer wants to invest in South Sudan and plans to leave. But at what price?

Sudan
Three Crowns' London office to represent Petronas in abritration proceedings against Sudan

State-run Malaysian oil company Petronas will not let Khartoum take over its land and oil assets without a fight. On 7 October, it filed arbitration proceedings with the ICSID against Sudan.

Chad
Savannah bides its time over Doba deal as ExxonMobil contends with staff revolt

Though they have now been in N'Djamena for nearly a month, executives from the British junior Savannah Energy have still not been able to visit ExxonMobil's sites.