Companies & Finance

CHC Helicopter loses contracts in Equatorial Guinea

The Guinean authorities have accused the company of failing to respect local content rules.
By Staff reporter 20 July 2018 0 31837

CHC Helicopter, a Canadian provider of helicopters to the oil and gas industry, has seen its contracts with several companies in Equatorial Guinea rescinded following a ministerial announcement.

Agence Ecofin has reported the Guinean authorities have accused CHC of failing to respect local content rules and have ordered several producers – including Noble Energy, ExxonMobil, Kosmos Energy, Trident and Marathon Oil – to source other transport contractors within 60 days.

CHC has denied the claims against it and stated it is looking “forward to...