American multinational energy corporation Chevron has signed an agreement with the government of Equatorial Guinea for Block EG09 – located in the Douala Basin on the border of Cameroon.
[Colum] Gabriel Mbaga Obiang Lima: This is not the time to halt natural gas production in Equatorial Guinea
Since Ireland in 2018 became the first country to say it would divest entirely from fossil fuels, governments, activists, and agencies worldwide have begun reciting the same rallying cry: ban all financing on hydrocarbons development and production.
By bringing attention to the individuals driving Africa’s energy growth, the recently launched ‘State of African Energy 2022 Outlook’ aims to highlight the expectations for 2022 across the continent.
The new office covers the Economic Community of Central African States (ECCAS), composed of Cameroon, the Central Africa Republic, Chad, Congo, the Democratic Republic of Congo, Equatorial Guinea and Gabon.
Lleida.net has signed contracts with the postal operators of five African countries to exclusively provide them with digital postal services and certified electronic communications technology.
Equatorial Guinea’s Minister of mines and hydrocarbons issues a mandate for oil and gas worker vaccinations
In a bid to ensure the protection of oil and gas industry workers, as well as increase operations and production across the sector, the Minister is driving an effective vaccination rollout for all hydrocarbon workers in Equatorial Guinea.
In the face of a global pandemic, Equatorial Guinea has been uniquely able to advance a large-scale gas megaproject and make substantive improvements to its foreign relations and domestic regulatory framework.
The African natural gas value chain has become the preferred destination for foreign direct investment – not only because the continent holds over 500 trillion cubic feet of proven reserves, but also because natural gas is a critical step in the global energy transition.
Energy Capital & Power, on behalf Equatorial Guinea’s Ministry of Mines and Hydrocarbons (MMH), announced the start of drilling in the Elon Field in Trident Energy-operated Block G in the Rio Muni Basin in Equatorial Guinea.
Panoro Energy announces DHIBM-2 well did not encounter hydrocarbons in the Gamba reservoi, Equatorial Guinea
Panoro Energy announced the DHIBM-2 Hibiscus Extension well did not encounter hydrocarbons in the target Gamba reservoir in Equatorial Guinea.
Tullow Oil announced that the sale of its assets in Equatorial Guinea to Panoro Energy ASA (Panoro) has now completed, after receiving a payment of $88.8 million from Panoro.
Noble Energy EG Ltd. (a Chevron Company) has achieved first gas flow from the safe and successful execution of the Alen Gas Monetization Project.
The Alen gas monetization backfill project represents the first phase of the strategic vision to transform Equatorial Guinea into a Gas Mega Hub.
The wave of chaos has also reached companies, especially in small economies such as Equatorial Guinea. Many companies have seen their volume of activity decrease drastically, with subsequent cost reductions. The question remains how does a company reduce costs without drowning the company?
Panoro Energy announced it has successfully raised $70 million in gross proceeds through the Private Placement of 38,276,451 new shares in the Company (the “Offer Shares”).
Tullow Oil signed two separate sale and purchase agreements with Panoro for all of Tullow’s assets in Equatorial Guinea and the Dussafu asset in Gabon.
TDI-Brooks International has completed a geophysical and geotechnical (G&G) campaign for Trident Equatorial Guinea off the coast of Equatorial Guinea in the Elon Field.
The travel restrictions imposed by the Covid-19 pandemic, coupled with a historic crash of oil prices, have sent Equatorial Guinea's hydrocarbons industry in a deep crisis of uncertainty.
A month after it started a historic geological mapping project in Equatorial Guinea’s Rio Muni region, Russia’s state-owned joint stock company Rosgeo has made significant progress and is stepping up exploration efforts on the country’s mainland.
Apex Industries, an oil and gas conglomerate based in Equatorial Guinea and headed by Don Leoncio Amada Nze has entered into a 5 year Funding Partnership Agreement with the National University of Equatorial Guinea.
The first team of Russia’s state-owned joint stock company Rosgeo arrived in Equatorial Guinea to kick off a historic geological mapping project.
The Ministry of Mines and Hydrocarbons (MMH) of the Republic of Equatorial Guinea has announced the adoption of the new Regulation of Petroleum Operations.
Switzerland-headquartered Vertis Aviation has added an Embraer ERJ145 to its Vertis Charter Management Programme, VCMP.
Equatorial Guinea’s Ministry of Mines and Hydrocarbons signed its first mining contracts with three international companies for the exploration of mineral resources in the Rio Muni region.
Equatorial Guinea continues to lead the development of natural gas production and monetization in the Gulf of Guinea, with the award of a new contract for a new Gas Master Plan.
Subsidiaries of JSC Rosgeo, JSC Zarubezhgeologiya and JSC Yuzhmorgeologiya, signed contracts with the Ministry of Mining and Hydrocarbons of Equatorial Guinea for the first stage of work on seismic studies in Equatorial Guinea.
Rosgeo and the Ministry of Mines and Hydrocarbons of Equatorial Guinea have signed contracts for the initial phase of seismic acquisition in transit zone and state geological mapping in the Rio Muni area.
Equatorial Guinea has signed a new Ministerial Order extending all exploration blocks across its sedimentary basin for two years.
Mr. Cosby Manuel Oliveira Toichoa, Associate and Mr. Santiago Olo Lima, Director of Equatorial Guinea, have acquired the operations of the Centurion Law Group in Equatorial Guinea
Trident Energy has commenced a 4D seismic acquisition operations over their Block G assets, which contain the Ceiba and Okume Fields, offshore Equatorial Guinea.
Represented by the pan-African law firm Centurion Law Group in its entry into Central Africa, Turkish Airlines has added Malabo, Equatorial Guinea to its route network.
Securiport signs deal with the Central African Republic for provision of Civil Aviation and Immigration Security Services
Securiport has announced that a contract has been signed with the Central African Republic for the provision of Securiport’s proprietary Civil Aviation & Immigration Security Services (CAISS).
Equatorial Guinea’s Ministry of Mines and Hydrocarbons has concluded its evaluation of work programs and budget meetings of multiple oil blocks in the country, corresponding to the 2020 fiscal year, which has yielded many successful results.
The Ministry of Mines and Hydrocarbons of Equatorial Guinea has granted ExxonMobil a six-month extension for offshore blocks EG06 and EG-11.
Equatorial Guinea’s government has announced its plans to construct a natural gas megahub project.
Equatorial Guinea’s Ministry of Mines and Hydrocarbons (MMH) has announced that U.S. oil and gas company Noble Energy has made a discovery in offshore Block I.
Equatorial Guinea is set to construct the first liquefied natural gas (LNG) storage and regasification plant in West Africa.
Tenaris was awarded the offshore export pipeline for the Alen Gas Monetization Project in Equatorial Guinea, a key component of Noble Energy’s growth strategy in West Africa.
The African Development Bank (AfDB) Group signed an agreement with Cameroon to open its regional headquarters in the country’s capital, Yaoundé, reinforcing its goal to get closer to member states.
The Board of Directors of the African Development Bank (AfDB) approved a loan of EUR 26.5436 million to the Republic of Equatorial Guinea to finance the project to support the Modernization of Public Finance (PAMFP).
Equatorial Guinea has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing critical data through the National Summary Data Page (NSDP).
Equatorial Guinea and key oil and gas companies sign agreements for monetization of gas from the Alen Unit
The Ministry of Mines and Hydrocarbons of Equatorial Guinea executed the Definitive Agreements with the Alen Unit and respective Punta Europa Plant owners to monetize gas from the Alen Unit.
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.
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.