African independent RoyalGate Energy has been granted an extension on its Block Z license in Equatorial Guinea, with plans to commence drilling as the oil price stabilizes and the market recovers.
Equatorial Guinea’s one-stop shop has become a reality this week, allowing investors and corporations alike to set up a business in only seven days.
Ophir Energy has announced that it has received notification from the Equatorial Guinea Ministry of Mines and Hydrocarbons that the Block R Licence, which contains the Fortuna gas discovery, will not be extended.
Lufthansa Group has appointed Adenike Macaulay as general manager sales for Nigeria & Equatorial Guinea.
The African Development Bank group has committed to support Equatorial Guinea’s economic diversification into agro-industry and a program of capacity building to foster public policies.
The Government of the Republic of Equatorial Guinea has launched the 2019 Year of Energy initiative, shining a light on new and innovative petroleum projects in the country.
The Ministry of Mines and Hydrocarbons of Equatorial Guinea has mandated all petroleum operators to cancel all contracts with Canadian-based CHC Helicopters due to noncompliance of Equatorial Guinea’s national content regulations.
GIMAC, the regional electronic money transfer platform of Central Africa and TerraPay, the world’s first mobile payments switch have signed a partnership to strengthen the remittances ecosystem in CEMAC region.
Conakry Terminal, a subsidiary of Bolloré Ports has received four new container gantry cranes at the Port Autonome de Conakry container Terminal.
The African Export-Import Bank has welcomed Equatorial Guinea as its 50th member state with the country’s signing of the Instrument of Accession to the Bank’s Establishment Agreement in Malabo on Wednesday.
Marathon Oil signs agreement to process third party volumes through existing Equatorial Guinea infrastructure
Marathon Oil Corporation has executed a Heads of Agreement with the Government of the Republic of Equatorial Guinea and necessary third parties establishing the framework for processing third-party natural gas volumes.
The Republic of the Congo has suffered dearly during the oil collapse; and Congolese President Denis Nguesso has pledged that the country would no longer be sitting on the side lines, suffering the effects of global decision-making in the oil industry without a voice.
UNECA launches campaign to have Central African states operationalize preferential tariff to ease trade
The United Nations Economic Commission for Africa is launching a campaign to have all countries of the Economic Community of Central African States operationalize the ECCAS Preferential Tariff one of the instruments for easing trade in the zone.
Afreximbank, Development Bank of Central African States in pact to promote trade and regional integration
The African Export-Import Bank, Afreximbank, and the Development Bank of Central African States have entered into a memorandum of understanding to harmonize their efforts in the promotion of trade and regional integration.
IMF approves $170 million credit facility to Guinea to support national social and economic development plan
The Executive Board of the International Monetary Fund (IMF) has approved a three-year arrangement under the Extended Credit Facility (ECF) for Guinea for an amount equivalent to $170 million, or 56.25 percent of Guinea’s quota.
The Ministry of Mines and Hydrocarbons of Equatorial Guinea, Hess Corporation and its license partners have reached a $220-million settlement on tax issues related to the companies’ interests in two producing oilfields, Ceiba and Okume.
The assets of Hess Corporation in Equatorial Guinea will be acquired by Kosmos Energy, the Ministry of Mines and Hydrocarbons has announced.
The Ministry of Mines and Hydrocarbons of Equatorial Guinea, Kosmos Energy of the US and national oil company GEPetrol have signed three new production sharing contracts (PSC) for Block EG-21, Block S and Block W offshore Rio Muni.
The Ministry of Mines and Hydrocarbons, Ophir Energy and national oil company GEPetrol have signed a new production sharing contract (PSC) for Block EG-24 offshore Rio Muni, Equatorial Guinea.
The Ministry of Mines and Hydrocarbons, representing the Government of Equatorial Guinea, has signed an MOU with the Government of Burkina Faso to supply the West African country with LNG and build critical infrastructure to import, store and transport gas.
Pan-African infrastructure investment platform Africa50, has welcomed Guinea and the Democratic Republic of Congo as its latest members.
The Ministry of Mines and Hydrocarbons, Ophir Equatorial Guinea Ltd, OneLNG SA and La Compania Nacional De Petroleos De Guinea Ecuatorial have nominated Gunvor Group Ltd as its preferred LNG Buyer for offtake from the Fortuna FLNG project.
In a single round of voting last Friday, the United Nations General Assembly elected Côte d’Ivoire, Equatorial Guinea, Kuwait, Peru and Poland as non-permanent members of the Security Council for the next two years.
The Equatorial Guinea based Bioko Oil Terminal have gained key momentum following the signing of the agreement between government and Arabian Energy DMCC
The Islamic Corporation for the Development of the Private Sector, ICDC, the private sector arm of IDB Group, and Afriland First Bank Guinea have entered into a joint strategic collaboration to establish an Islamic window in Guinea.
Two global energy powers have met for the first Equatorial Guinea-Saudi Arabia Economic Forum, organized by the Ministry of Mines and Hydrocarbons of Equatorial Guinea.
South Sudan and Equatorial Guinea announced an historic partnership today in Juba, setting out the terms for a strong bilateral relationship between the African oil and gas producers.