The oil company Perenco targeted in France by several investigations for corruption in Africa

Perenco, an oil and gas company operating in 15 countries, is the target of preliminary investigations in France for corruption in Africa, confirmed by a search by the Oclciff.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

The oil and gas company Perenco is targeted in France by several preliminary investigations opened for bribery of foreign public officials, including in African countries where it operates, sources close to the investigation said Thursday.

As part of these procedures, the Paris offices of the Franco-British company were searched by investigators from the Central Office for Combating Financial and Tax Offences (Oclciff), in charge of the investigations, these sources added, confirming information from Challenges. However, the sources did not specify how many investigations were opened, when they were opened, which countries were targeted and when the search was conducted.

When contacted by AFP, the National Financial Prosecutor’s Office (PNF) refused to comment. “Perenco confirms that it cooperated with the investigating authorities in February 2022, which the group was pleased to do. Perenco has had no further contact in this matter since then,” the group said, contacted by AFP, at its London headquarters. Present in 15 foreign countries, with 6,000 employees and about 500,000 barrels/day declared, Perenco counted among its top executives Jean-Michel Runacher, father of the current Minister for Energy Transition Agnès Pannier-Runacher. It is the only company operating in the Democratic Republic of Congo (DRC), where its subsidiaries operate 11 oil fields on the Muanda coastline. Not listed on the stock exchange and founded by Breton entrepreneur Hubert Perrodo, the company has made his family the 15th richest in France, according to the 2022 ranking of Challenges magazine.

At the beginning of November, the two French NGOs Friends of the Earth and Sherpa took the company to court to obtain its condemnation for the environmental damage caused by its drilling in the DRC. Perenco has operations in three other African countries, Gabon, Congo and Cameroon.

Sunsure Energy will supply Deepak Fertilisers with 19.36 MW of hybrid solar and wind power, delivering 55 mn units of electricity annually to its industrial facility in Raigad, Maharashtra.
IonQ will deploy a quantum computer and entanglement distribution network at the University of Chicago, strengthening its technological presence within the Chicago Quantum Exchange and accelerating its product roadmap.
Texas-based energy solutions provider VoltaGrid secures record mixed financing to expand its decentralised power generation portfolio, primarily targeting hyperscale data centres.
Kuwait's IMCC and Egypt's Maridive have formalised a joint venture based in Abu Dhabi to expand integrated offshore marine operations regionally and internationally.
In New York, Chevron outlines its long-term vision following the Hess integration, focusing on financial stability, spending reduction, and record production to consolidate investor confidence.
Facing surging computing needs, US tech leaders are hitting an energy wall that slows down data centre construction and revives demand for gas and coal.
NextNRG's monthly revenue reached $7.39mn in October, more than doubling year-over-year, driven by the expansion of its technology platforms and energy services across the United States.
The Canadian group posted record Q3 EBITDA, sanctioned $3bn worth of projects, and confirmed its full-year financial outlook despite a drop in net income.
OMS Energy is accelerating investments in artificial intelligence and robotics to position itself in the growing pipeline inspection and maintenance sector, a strategic segment with higher margins than traditional equipment manufacturing.
Duke Energy is set to release its third-quarter results on November 7, with earnings forecasts pointing upward, supported by strong electricity demand, new rate structures and infrastructure investments.
Engie maintains its 2025 earnings guidance despite falling energy prices and weaker hydro output, relying on its performance plan and a stronger expected fourth quarter.
The funding round led by Trident Ridge and Pelion Ventures will allow Creekstone Energy to launch construction of its hybrid-generation site designed for AI-optimised data centres.
The US group reported a $877mn operating loss for fiscal year 2025, impacted by $3.7bn in charges related to project exits and restructuring.
SLB has unveiled Tela, an agentic artificial intelligence technology designed to automate upstream processes and enhance operational efficiency at scale.
Gibson Energy reported record volumes in Canada and the United States, supported by the commissioning of key infrastructure and a cost reduction strategy.
Norwegian provider TGS will mobilise its marine seismic resources for at least 18 months for Chevron under a three-year capacity agreement covering exploration and development projects.
Eversource Energy rebounded in the third quarter with a net profit of $367.5mn, driven by revenue increases in electric distribution and a sharp reduction in offshore wind-related losses.
Ameresco posted a 5% increase in quarterly revenue, supported by stronger project execution and sustained demand for energy infrastructure solutions.
US-based Primoris posted record quarterly revenue of $2.18bn, driven by strong momentum in its Energy and Utilities segments, and raised its earnings guidance for the full year 2025.
Energy group Constellation proposes a massive investment in electricity generation and storage, with a planned capacity of 5,800 megawatts to meet rising energy demand in Maryland.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.