Glencore replaces Trafigura as supplier of key UK oil refinery
Commodity trader Glencore Plc. will replace its rival Trafigura Group as the supplier of crude oil to a key refinery in the UK.
Glencore
Glencore Group nears deal for Shell’s Singapore oil refinery
A group including commodity trader Glencore Plc and Indonesian chemicals business PT Chandra Asri Pacific is in advanced talks to buy Shell Plc (LON:SHEL) assets in Singapore in a deal that could be worth about $1 billion, people with knowledge of the matter said.
Glencore provides Tullow financing, at a price
Dhir said the Glencore debt and Tullow’s cash, in addition to $800mn of free cash flow from 2023 to 2025, would “allow us to fully address all outstanding 2025 notes”.
Glencore bribery charges over ex-staff hit with fresh delays
The UK’s fraud prosecutor delayed its decision to charge ex-Glencore staff over allegations they were involved in widespread corruption at the company to July 2024, leaving as many as 11 former employees in legal limbo for months to come.
AEC calls Glencore into question over illicit South Sudan business
The statement said countries in need “will not prosper without domestic players who are willing to solve their unique challenges”.
Court orders Glencore to pay penalty in bribe-by-jet case
A London court has ordered commodity trader Glencore to pay £280.97 million in penalties as a result of its bribe paying.
Glencore flew cash across Africa in private jets to pay bribes
Glencore officials delivered cash in private jets to officials across Africa, UK prosecutors said as they laid out a web of bribery and corruption orchestrated by the London oil trading desk.
UK prosecutors implicate 11 Glencore employees in bribery probe
As many as 11 Glencore Plc employees could be under investigation by UK prosecutors as the company prepares to be sentenced for bribery across five African countries, prosecutors said.
Perenco exports its first barrel of oil from Chad
Perenco has exported its first barrel of oil from its recently acquired Chadian assets via the Chad-Cameroon pipeline.
Glencore cops to global bribery scheme, to pay $1bn penalty
Glencore has agreed to pay penalties of $1.06 billion to US and Brazilian authorities. More is to come in a UK settlement with the Serious Fraud Office (SFO).
Ukraine urges commodity traders to stop buying Russian oil
Ukraine asked some of the world’s top commodity trading houses to stop dealing in Russian oil, saying such contracts help fund Vladimir Putin’s war.
Trafigura, Glencore review Rosneft holdings
Trafigura is “reviewing” its shareholding in Vostok Oil, while Glencore is also considering its stakes in En+ and Rosneft, in response to the war in Ukraine.
Glencore pumps more oil, while “managing down”
Glencore has reported strong earnings for 2021, although in terms of energy it was largely driven by coal, rather than oil.
Investors pushed mining giants to quit coal. Now it’s backfiring
It was supposed to be a big win for climate activists: another of the world’s most powerful mining companies had caved to investor demands that it stop digging up coal.
Cheniere secures Corpus Christi expansion support from Glencore
Cheniere Energy has signed another sales contract for LNG in support of its proposed Corpus Christi Stage 3 project.
Corrupt oil trader turns on colleagues in massive Africa bribe case
When Anthony Stimler left Glencore Plc in August 2019, he had two big secrets: For a dozen years, he’d paid millions in bribes to African officials and intermediaries. And he was now helping a US Justice Department investigation into the company and numerous former colleagues.
Ex-Glencore exec cops to Nigerian bribes
A former Glencore employee has reached a plea deal with the US Department of Justice (DoJ), accepting involvement in the payment of bribes in Nigeria.
Chad strike for Exxon amid Savannah sale plans
Exxon workers in Chad have gone on strike, amid concerns about employment following the proposed sale of local assets to UK-listed Savannah Energy.
US charges four in Chadian bribery case
The US has charged two former Chadian diplomats with international bribery and money laundering.
New Gunvor bribery ‘skeleton’ haunts oil tader’s pledge to reform
In late 2019 Gunvor Group, one of the world’s biggest oil traders, said it would make a clean break from the past by settling a long-running bribery case in Africa.
Chad denies sale plans for export pipeline
Chad has no plans to sell a stake in its export pipeline to Cameroon, Société des Hydrocarbures du Tchad (SHT) has said in a statement.
Glencore writes down African oil works
Glencore has taken an impairment of $6.39 billion for 2020, including $1.15bn in African oil operations.
Travel restrictions slow Chad resumption for Glencore
Glencore’s wells in Chad remain offline although the Alen field, in Equatorial Guinea, is expected to start up on schedule in the first quarter.
Committee to visit Engen accident site
A South African committee will visit the Engen refinery this week, during a visit to KwaZulu-Natal.
Glencore faces UK scrutiny over Chad spill
The UK’s National Contact Point (NCP) has accepted a complaint against Glencore UK for an oil spill in Chad.