The sudden death of Chadian President Idriss Déby in a desert battlefield is threatening more headaches for its biggest private creditor: commodities trader Glencore Plc. Trading firms like Glencore have over the Continue Reading
The death of Chad’s President Idriss Déby is likely to trigger political instability in the key oil-producing country and the wider central African region, with a potential impact on its Continue Reading
Chad is on a collision course with top creditor Glencore as it wants to divert oil from the Swiss trading house to U.S. energy company ExxonMobil from the new year Continue Reading
Oil company’s fine appeal has been delayed by the talks Fine exceeds penalty imposed on BP after Deepwater Horizon Exxon Mobil Corp. is negotiating with Chad’s government about a record Continue Reading
A court in Chad told Exxon Mobil Corp. to pay a record fine of $74 billion, as well as $819 million in royalties it said the oil company owed to Continue Reading
The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. N’DJAMENA ExxonMobil said on Continue Reading
A court in Chad told Exxon Mobil Corp. to pay a record fine of $74 billion, as well as $819 million in royalties it said the oil company owed to Continue Reading
RAMON, Calif. (AP) — Chevron sold to Chad its interest in oil producing assets in the Central African nation for about $1.3 billion. The oil and gas company had a 25 percent interest in the properties, which included seven oil fields in Chad’s Doba Basin and a pipeline system that transported crude oil to Cameroon’s coast and to other facilities. Chevron Corp. says it’s selling some profitable assets to focus on its global exploration and production business. The deal closed Friday. Shares of the San Ramon company are up 64 cents to $126.75 in afternoon trading.
