Total SA’s chief executive Patrick Pouyanne has said his company’s planned acquisition of US oil firm Anadarko’s African assets is ‘perfectly fitting’ with its overall strategy. The French energy giant agreed to buy all of Anadarko’s oil & gas assets outside the US for US$8.8 billion,...
Nigerian oil producer Oando is aiming to raise fresh capital over the next two years in order to repay debt used to acquire Conoco Phillips’ Nigerian assets, according to chief executive Adewale Tinubu. Oando acquired Conoco Phillips’ Nigerian assets for US$1.5 billion in 2013 but struggled...
Patrick Pouyanne, chief executive of French oil giant Total, has revealed the company will approve plans to proceed with the Ikike project in Nigeria in the coming months. The 60,000 barrels per day (bpd) offshore facility is one of several projects owned by Total in Nigeria....