China’s Sinopec Corp got a major boost in its pursuit of Chevron’s South Africa and Botswana assets after South Africa’s Competition Tribunal approved, with conditions, the $900 million transaction on Friday. State-owned Sinopec...
Glencore’s bid was aimed at securing the trader its first refining asset since it ventured into downstream investments.
French oil major Total, crude oil trader Gunvor and Glencore, a mining and trading company, declined to comment.
Four people died and two were missing after a helicopter crashed en route to a Chevron oil platform off the Angolan coast.
The lawsuit might further sour the mood of oil majors which have been hit by militant attacks in the Niger Delta oil hub, reducing crude output by a third.