Trident Energy

Equatorial Guinea
Future of Zafiro oil field still unclear

US junior oil company Hunt Oil and oil services company Baker Hughes have signed a memorandum of understanding with Malabo with the aim of saving this mature field off the island of Bioko.

Tunisia
ENI and ATOG attempt a delicate asset swap

Despite the closeness between Italian Prime Minister Giorgia Meloni and Tunisian President Kaïs Saïed, ENI has so far been unable to secure approval for a deal with the cash-strapped junior ATOG, which is unable to finance its contractual obligations.

The New Guard
Senegal, Kenya, Congo

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

SenegalSouleymane Gassama, aka Elgas, a multi-talented writer and researcher

KenyaCheptum Toroitich, lawyer pushing for greater democracy

CongoLouis-Raymond Gomes, modernising and diversifying the business scene

Angola
Israeli businessman Gilad Myerson makes a new wager on Azule Energy

Myerson has set his sights on offshore oil in Southern Africa. Seeking to replicate his recent success with ENI in the North Sea, he has founded a new company for the endeavour.

Equatorial Guinea
UK's Antler Global firms up its plans for Block EG-08

Talks about the future of Block EG-08 are in full swing at the London headquarters of Antler Global.

Equatorial Guinea
State-owned GEPetrol contacts SLB and Halliburton to turn around Zafiro oilfield

Once Equatorial Guinea's largest oilfield in terms of volume produced, Zafiro's throughput is continuing to fall. This has prompted the government to consult several firms to find solutions as quickly as possible.

Equatorial Guinea
Teodorin Obiang reinforces his control over the oil sector

Teresa Isabel Nnang Avomo, director of the oil company GEPetrol since February 2023, was replaced on 25 October. The change was prompted by the vice-president's desire to weaken oil minister, Antonio Oburu Ondo.

Africa
Complaints pile up over Trond Mohn's Island Drilling rig failures

Several of the Norwegian firm's junior oil clients in Africa have taken the company to task over the repeated failures of its sole drilling unit, the Island Innovator. Kosmos, Trident and Tullow have all found fault with the rig.

Gabon
Shortlist of companies set to acquire Carlyle's Gabon assets shifts again

Carlyle and its advising bank Citibank have once again made [...]

Equatorial Guinea
ExxonMobil hopes for helping hand from Teodorin Obiang

ExxonMobil is feeling hopeful now that a familiar face has been appointed as the new oil minister. With the goal of selling off its ailing assets in Equatorial Guinea this year, it has already reached out to the country's vice president.

Equatorial Guinea
Africa Oil, Panoro and Kosmos deals consolidate Teodorin Obiang's oil credentials

Equatorial Guinea's vice president is keen to demonstrate that he is now in control of the oil sector while at the same time undermining his half brother Gabriel Obiang Lima, who was until January the oil minister.

Gabon
Pertamina moves to take over Carlyle's Assala Energy

The withdrawal of Assala Energy's sole shareholder, the investment fund Carlyle, is being closely followed by President Ali Bongo a few months before the presidential election. The presidential palace is currently in discussions with the Indonesian oil group Pertamina.

Equatorial Guinea
President Obiang's strategic game of ambassadorial musical chairs

Equatorial Guinea is redeploying its ambassadors in several key capitals. The aim is to ease strained relations with certain countries, such as France and the United States, while further cementing ties with Egypt, Turkey and China.

Gabon
Assala denies Carlyle is selling out

Gabon's second largest oil producer Assala Energy is still denying that its sole shareholder, Carlyle, is preparing to sell all of its shares in the junior. Africa Intelligence can however reveal that the private equity fund has already tasked a Citibank team with seeing through the operation.

Tunisia
ENI suspends asset sale in face of government inertia

Several oil companies that are looking to withdraw from Tunisia are having to contend with government inaction, which has prevented the Italian major ENI, who had found a buyer for its licences, from completing the transaction.