GEPetrol''s Manuel Ndong Edo provided insight into Equatorial Guinea''s investment opportunities during a Technical Presentation on day two of the African Energy Week 2023 conference in Cape Town.
GEPetrol''s Manuel Ndong Edo provided insight into Equatorial Guinea''s investment opportunities during a Technical Presentation on day two of the African …
How has Equatorial Guinea''s energy sector become a more attractive destination for foreign investment? It is simple, the hydrocarbons sector contributes 90 percent of Equatorial Guinea''s GDP …
Supplied by Equatorial Guinea vice president Date; 28/01/2024. Equatorial Guinea Vice President Teodorin Nguema Obiang is visiting Italy and has held talks on potential investments with Eni CEO ...
On January 29, 2019, the Ministry of Commerce officially released the 2018 version of the Foreign Investment Cooperation Country (Region) Guide (The following referred to as the "Guide"). The 2018 version of the Guide covers 172 countries and regions, including 27 in Asia, 63 in West Asia and Africa, 12 in Europe and Asia, 36 in Europe, and 34 ...
Exxon Mobil Corp will wind down oil production in Equatorial Guinea and leave the West African country after its license expires in 2026, two sources close to the matter told Reuters. The departure reflects a wider move by major oil producers to reduce crude production in West Africa and shift investments to lower-carbon natural gas …
Malabo, Equatorial Guinea, August 20 – Equatorial Guinea is set to construct the first liquefied natural gas (LNG) storage and regasification plant in West Africa, advancing efforts to monetize gas resources through the creation of a domestic gas-to-power infrastructure. Located at the Port of Akonikien on the country''s mainland, the plant ...
December 26, 2023. Driving exploration in the Lower Congo Basin, Azule Energy signed Risk Service Contracts (RSCs) with Angola''s National Agency for Oil, Gas and Biofuels last Wednesday for offshore Blocks 46, 47 and 18/15. Azule Energy – the joint venture between Eni and bp''s Angolan assets – operates all three blocks in partnership ...
According to UNCTAD''s World Investment Report 2023, FDI inflows stood at USD 459 million in 2022, in line with the level recorded one year earlier. At the end of the same period, the stock of FDI was estimated at USD 15.9 billion, representing around 96.6% of the country''s GDP. The vast majority of FDIs in Equatorial Guinea are directed ...
Hess'' exit from Equatorial Guinea came after nearly two decades of operations at the Ceiba field and Okume complex. The company operated the two producing areas with an 85 percent stake. Partners Tullow Oil (15 percent) and national oil company GEPetrol (5 percent carried interest) will now work with the new operator Kosmos Energy.
November 8, 2023. International oil & gas company Trident Energy has started its second drilling program in Equatorial Guinea. The milestone comes after the arrival of a semi-submersible drilling rig in Luba, offshore Equatorial Guinea. The rig is set to perform drilling operations for three deepwater wells in the Ceiba & Okume fields in Block ...
These include the financing and construction of an oil refinery in the Democratic Republic of the Congo (DRC) – to be jointly owned by both countries – to meet regional demand for refined petroleum …
"Cross-border cooperation is one of the key tenets of Equatorial Guinea''s energy development strategy, as we aim to increase the availability of affordable and …
Primary energy trade 2015 2020 Imports (TJ) 12 338 10 357 Exports (TJ) 726 788 474 908 Net trade (TJ) 714 450 464 551 Imports (% of supply) 11 12 Exports (% of production) 89 86 Energy self-sufficiency (%) 759 633 Equatorial Guinea TOTAL ENERGY
An Italian equity fund which counts the European Investment Bank among its institutional investors has said it will invest up to €20 million (US$24.34 million) in a startup which combines green hydrogen production and compressed air energy storage. australia, coal plant replacement, compressed air, diesel, european union, feasibility …
The Board of Directors of the Ministry of Mines and Hydrocarbons (MMH) of Equatorial Guinea has selected and revealed the key companies shortlisted for the execution of its landmark projects under its ongoing …
The national oil company of Equatorial Guinea, GEPetrol, will assist the DRC''s state oil firm SONAHYDROC in the development of the Congo''s natural gas sector, specifically the promotion of liquefied natural gas and the storage, distribution and export of liquefied petroleum gas. Posted on 30 November 2022 in Africa, Market Background, Oil.
OSLO, April 4, 2024 – Oslo-listed Panoro Energy has reached an agreement with the government of Equatorial Guinea on the key terms and conditions for the award of offshore Block EG-23, the company announced on Thursday. Block EG-23 is located north of Bioko Island and adjacent to the producing Alba gas and condensate field.
Trident Energy Kicks Off Drilling Campaign in Equatorial Guinea Energy Capital & Power, on behalf Equatorial Guinea''s Ministry of Mines and Hydrocarbons (MMH), announces the start of drilling by Trident Energy in Block G, following the arrival of the Sapphire Driller rig; Three infill wells – Elon-A, Elon-C and Elon-D – will …
Covering a surface area of approximately 600 km2, in water depths ranging from 50 m to 100 m, 19 wells have been drilled on Block EG-23 to date resulting in seven hydrocarbon discoveries (four oil ...
The country''s Ministry of Mines and Hydrocarbons (MMH) officially launched its Year of Investment campaign, with commitments from a series of foreign investors to increasing planned investment in the country in 2020. Equatorial Guinea''s objective is to engage with financial entities and engines of growth in neighbouring …
Energy system of Equatorial Guinea. Electrification rates are relatively high in Equatorial Guinea at 66%. The country began oil production in the late 1990s and began LNG …
Marubeni is involved in oil and gas exploration, development, and production activities in countries like the U.S. and India. We will focus on maximizing the value of our assets through appropriate cost management and the streamlining of business. Oil & Gas Production in the U.S. Gulf of Mexico. Oil & Gas Production in the U.S.
ENERGY PROFILE Total Energy Supply (TES) 2015 2020 Non-renewable (TJ) 36 487 65 520 Renewable (TJ) 116 234 123 713 Total (TJ) 152 721 189 233 ...
Equatorial Guinea announced plans to build two new oil refineries among other energy projects worth $1 billion, its energy minister was quoted as saying, in a bid to diversify a sector that ...
American multinational oil and gas corporation ExxonMobil will exit Equatorial Guinea in the coming months, with plans to transfer its investments to the government in Q2, 2024. The decision to withdraw from the country aligns with the company''s long-term strategy, ExxonMobil said in a statement, marking an end to almost …
Australia sees more than AU$1 billion in energy storage investments for four successive quarters, says Clean Energy Council June 10, 2024 Australia''s Clean Energy Council has signaled that Q1 2024 saw signs of recovery for the nation''s renewable energy generation sector but warned that investment levels must radically increase to …
At Punta Europa, where most of Equatorial Guinea''s gas and energy activities are currently located, the country is building a modular refinery, storage tanks and a methanol-to-derivatives plant. Interested companies for the modular refinery include American oil company Marathon Oil, a Spanish-Russian consortium of Selquimica …
Energy Capital & Power, in partnership with the Ministry of Mines and Hydrocarbons, announced the launch of its Energy Invest: Equatorial Guinea 2021 report that serves …
Overseeing Equatorial Guinea''s oil and gas industry, the Ministry of Mines, Industry and Energy (MMIE) is responsible for almost 90 percent of the country''s revenues. In addition, MMIE has spearheaded the PEGI 2020 industrialisation plan and the country''s Horizon 2020 initiative.
The Republic of Equatorial Guinea is a nation on the African continent''s western coast. The country has rich oil and gas reserves. According to official figures from the World Bank, Equatorial Guinea''s …
Noble Energy Announces Approval Of Aseng Oil Project In Equatorial Guinea. Formerly known as Benita, Aseng was discovered in 2007 as a gas-condensate field in Block I offshore Equatorial Guinea. Subsequently, two appraisal wells were drilled in the structure, with the first identifying the oil resources and the second determining …
U.S. operators – including Noble Energy, Marathon Oil and Chevron – have played a critical role in executing the first phase of Equatorial Guinea''s flagship Gas …
Marathon is also planning to modify its integrated gas operations in Equatorial Guinea in 2024, which includes rerouting natural gas from the AMPCO methanol facility to the EG LNG plant. "Equatorial Guinea is doubling down on gas – a key focal point of the global energy transition and investor interest. The country is single-handedly ...
At Punta Europa, where most of Equatorial Guinea''s gas and energy activities are currently located, the country is building a modular refinery, storage tanks …
At Punta Europa, where most of Equatorial Guinea''s gas and energy activities are currently located, the country is building a modular refinery, storage tanks and a methanol-to-derivatives plant. Interested companies for the modular refinery include American oil company Marathon Oil, a Spanish-Russian consortium of Selquimica International with …