With his sale of Addax Petroleum to China's government-controlled oil giant Sinopec, Swiss tycoon Jean Claude Gandur has made the first Iraqi oil mega-fortune of the post-Saddam era. Sinopec's ...

A sign is pictured outside the headquarters of Addax Petroleum in Geneva, Switzerland March 25, 2017. REUTERS/Denis Balibouse ZURICH (Reuters) - Addax Petroleum has agreed to pay 31 million Swiss ...

It's good to know that billionaire Jean Claude Gandur hasn't retired from the oil and gas business after selling Addax Petroleum for $7.2 billion to Sinopec nearly two years ago (see: "Cashing In On ...

THE Federal government has revoked four Oil Mining Leases, OMLs belonging to Addax Petroleum Nigeria Limited citing inability to comply with work programme targets. The OMLs are, 123, 124, 126 and 137 ...

Addax Petroleum has acquired from Oriental Energy Resources Limited a 40 percent participating interest in the Okwok field in license area OML67 following receipt of all necessary Nigerian government ...

Addax Petroleum Corp. on Wednesday announced its results for the year ended December 31, 2006. The financial results are prepared in accordance with Canadian GAAP and the reporting currency is US ...

Sinopec International Petroleum Exploration & Production Corp. has agreed to pay $7.24 billion in cash for Addax Petroleum Corp., Calgary, providing it with access to assets to West Africa and the ...

In the past one month, the Nigerian media space has been awash with incredible news primarily about the politics of the recent revocation and reversal as well as the restoration by the Presidency of ...

The Nigerian National Petroleum Company (NNPC) Limited has taken over the assets of Addax Petroleum’s production sharing contract (PSC). NNPC Group Chief Executive Officer (GCEO), Mele Kyari and the ...

GENEVA (Reuters) - Chinese-owned oil firm Addax Petroleum is shutting its offices in Geneva, Houston and Aberdeen, it said on Monday, a month after it agreed to pay 31 million Swiss francs ($31.85 ...

Addax Petroleum Corp. reported Monday a 12-per-cent drop in third-quarter profits to $75.2-million (U.S.) from a year-earlier $85.6-million, as it booked tax losses in the prior-year quarter that were ...