Tullow Oil

Ivory Coast
Petroci jumps in after Perenco throws in towel on three offshore blocks

The Franco-British junior Perenco has given up on its plans to take over three offshore blocks in Ivory Coast. State-owned Petroci is hoping to take advantage of the new situation.

Namibia
Chevron's Orange Basin acquisition is part of wider Namibia strategy

The acquisition of Block 2813B by Chevron, which is expected to be announced soon, is the first step in the US oil major's wider strategy to conquer Namibia.

The New Guard
South Africa, Uganda, Morocco, Algeria

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

South Africa Fasiha Hassan, Gauteng's MPL pushing to rejuvenate ANC

Uganda Elison Karuhanga, the Lake Albert-connected oil lawyer

Morocco Boucharab, former IT chief of OCP, LVMH and Total, heads into the cloud

Algeria Benghanem keen to put Algeria back on investors' radar

Gabon
Minister Massassa rattles tax stability for newcomers to Gabon oil

Oil companies wanting to invest in Gabon risk being put off by the government's new tax provisions that have gone under the radar.

Africa
Tullow Oil boss Rahul Dhir runs into opposition over his Capricorn merger plan

One after another, the shareholders of British energy company Capricorn are coming out against a merger they consider contrary to their interests.

Mauritania
Capricorn and Shell to follow BP in deserting Mauritanian basin?

In the wake of the British major, the main oil operators in the Mauritanian basin are considering abandoning their exploration projects there.

Angola
MPLA eyes billion dollar bonanza from Sonangol asset sale

The selling off of the assets of state-owned Sonangol should provide the ruling party with a huge war chest with which to fight the forthcoming elections.

Angola
Luanda targets small investors as majors lose interest

With Angola's national oil output in steadily decline and threatening to fall below one million bpd, the government is changing tactic. All too aware that the industry leaders are no longer interested in its fields, the country has shifted its focus onto junior firms.

Senegal
Services giant Petrofac prospects far from home for BP and Tullow

After building its base in Europe, the Middle East and North Africa, the British-Emirati services colossus is venturing south of the Sahara. It is hoping to make the most of opportunities that will arise from the giant Tortue gas field that straddles the border between Senegal and Mauritania.

Equatorial Guinea
Deep-pocketed juniors target Chevron assets

Canadian group Gran Tierra Energy and US junior Vaalco are in talks to take over Chevron's producing fields in offshore Equatorial Guinea.

Angola, Namibia
Namcor leads in race for one of cash-strapped Sonangol's prize assets

Boosted by recent successes on its home market, state-owned oil Namibian oil company Namcor is looking to expand into Angola with backing from two partners. It is hoping to take advantage of the financial difficulties currently being experienced by Sonangol, which is having to sell off some of its prize assets, including block 15/06.

Ghana
Tullow Oil and ENI utilise Russia-Ukraine war to pressure executive

Oil companies operating in Ghana want to increase their offshore fields' gas production. They hope to convince the Akufo-Addo administration to go along with them, given the risk that Russia's war in Ukraine poses to LNG imports into Africa.

Spotlight | DRC
Deal within deal allows tycoon Dan Gertler to save €130m in DRC settlement

The Congolese authorities signed a second, more restricted and secretive agreement with Dan Gertler last month, in addition to the major settlement negotiated in February. Africa Intelligence is able to detail the contents of this new deal, which concerns the oil assets previously run by the businessman.

Equatorial Guinea
Vaalco eyes Chevron and ExxonMobil's assets

Boosted by strong financial results, US junior Vaalco Energy has plans for new acquisitions, and has its sights set on fields operated by oil majors ExxonMobil and Chevron in Equatorial Guinea.