Equatorial Guinea has struggled to attract foreign investment into its oil industry in recent years. A mixture of global divestment from fossil fuels and local complications such as ownership
Read MoreEquatorial Guinea''s Ministry of Mines and Hydrocarbons announced that it will extend exploration licenses for two years and relax capital expenditure requirements for E&P companies amid the low-price climate and
Read MoreTue Feb 9 2021 - 20:20. Tullow Oil has signed two separate sale and purchase agreements with London-based explorer Panoro Energy for all of its assets in Equatorial Guinea and the Dussafu asset in
Read MoreThese include, but are not limited to, modular oil refineries, an ammonia plant, a gas import terminal, liquefied petroleum gas storage tanks and other projects spanning the entire energy value chain. Equatorial Guinea''s 2020 Year of Investment serves to attract
Read MoreMarch 4, 2024. 6:29 pm. Will Equatorial Guinea fulfil its promise as a gas "mega hub," or will stalled negotiations turn what should be a national economic boon into a missed opportunity? The answer depends largely on how quickly the country can nail down gas supply agreements from Nigeria and Cameroon.
Read MoreAt 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
Read MoreGEPetrol''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. Equatorial Guinea''s energy sector is ripe with opportunities and the country''s National Oil Company (NOC) GEPetrol is inviting
Read MoreSuch inflow consists of USD 832,406,000 firm commitment and USD 370,642,000 contingent investment. Renewed investment inflow in the hydrocarbons sector of the country will inevitably result in an increase in the
Read MoreEnergy 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
Read MoreEquatorial Guinea, a small yet resource-rich country in Central Africa, presents a compelling energy investment destination. With a proven track record in oil and gas production, showcasing a strong Liquefied Natural Gas (LNG) export industry and with growing interest in renewable energy, Equatorial Guinea offers a wealth of
Read MoreBy Grace Goodrich, Field Editor, Energy Capital & Power () U.S. operators – including Noble Energy, Marathon Oil and Chevron – have played a critical role in
Read MoreEquatorial Guinea has designated 2019 the "year of energy" and 2020 to be the "year of investment". The country expects a number of energy deals to be signed in 2020.
Read MoreThese 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
Read MoreEnergy Invest: Equatorial Guinea 2023 investigates the country''s long-term development agenda, exploring the pathway to becoming a regional
Read MorePRESS RELEASE Equatorial Guinea Calls for Balanced, Diversified Energy Matrices at Invest in African Energy 2023 H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial
Read MoreEarlier this year, the International Monetary Fund said it expects Equatorial Guinea''s economy to shrink by a massive 10 percent in 2016 - after having already contracted by 7.4 percent last
Read MoreOverseeing 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.
Read MoreEquatorial Guinea: Many of us want an overview of how much energy our country consumes, where it comes from, and if we''re making progress on decarbonizing our energy mix. This page provides the data for your chosen
Read MoreHome to 1.3 trillion cubic feet of natural gas, Equatorial Guinea exemplifies the impact of U.S. private investment on its domestic gas monetization drive to date, as well as the myriad opportunities still available to U.S. investors and suppliers within Africa''s fast-growing gas market. Since the entry of ExxonMobil in 1994 and its
Read MoreHow 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 and with that in mind, to drive economic growth, we have focused on creating an enabling environment for industry players.
Read MoreDespite logistics challenges, Aptech Africa has installed 11 solar systems in Equatorial Guinea featuring capacities of 5kWp, 15kWp, and 20kWp, coupled with battery energy storage ranging from 12kWh to 36kWh. Among these, one system is
Read More13 · July 2, 2024. Greek trade association HELAPCO expects Greece to add over 16GW of solar PV capacity by 2030. Image: HELAPCO. Things have never been better, and still, investors and PV companies see
Read More"As I have said many times, Equatorial Guinea is a small country with big ambitions. With the Year of Energy we want to make a big impact in bringing together global leaders in Malabo to promote cooperation and encourage new investments," said Minister of Mines and Hydrocarbons H.E. Gabriel Mbaga Obiang Lima.
Read More04:16 Listen. 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 Mega Hub, serving as a model for future U.S. investment in gas value chains across the continent. The African natural gas value chain has become the preferred
Read MoreBy Ed Reed. 14/05/2020, 4:31 pm. Equatorial Guinea has awarded Nexant the feasibility study on a new formaldehyde plant at Punta Europa and work to develop a Gas Master Plan to Gas Strategies. The
Read MoreImage: Powin Energy. More than AU$1 billion (US$0.65 billion) of financial commitments to large-scale battery energy storage system (BESS) projects were made in Australia in the second quarter of this year. If hybrid
Read MoreLOTEG has been operating in the hydrocarbons sector in Equatorial Guinea since 2002, specifically supporting the operations of offshore oil exploration, drilling and production, and supplying products, gas oil, and lubricants as part of an uninterrupted, around-the-clock assistance service. We supply diesel and lubricants to operating
Read MoreAntonio Oburu Ondo, Minister of Mines and Hydrocarbons of Equatorial Guinea, will speak at the upcoming Invest in African Energy (IAE) forum in Paris, as the
Read MoreThe Republic of Equatorial Guinea (Republica de Guinea Ecuatorial) is the only Spanish-speaking country in Africa, and one of the smallest nations on the continent. In the late-1990s, American companies helped discover the country''s oil and natural gas resources, which only within the last five years began contributing to the global energy
Read MoreEquatorial Guinea''s oil industry experienced a golden era from the mid-1990s to 2005, starting with the discovery of Zafiro''s oil field. ExxonMobil held a 71.25 percent interest in the field, while state-owned Guinea Equatorial de Petroleos (GEPetrol) and the government have 23.75 percent and 5 percent participating interests, respectively.
Read MoreThe influx of multinationals (oil majors) in Equatorial Guinea''s energy sector was due to the attractiveness of the fiscal terms and the prospectivity that the country offered for foreign direct investment (FDI) compared to other countries in the region; so much so that the nation occupied the third place among Sub-Saharan African oil
Read MoreThe government of Equatorial Guinea has made significant investments in the energy sector, with a focus on renewable energy sources. This has led to the construction of several large-scale solar and wind power projects, which require energy storage systems to ensure a stable and consistent supply of electricity.
Read MoreUpdated On Feb 22, 2022 at 08:06 AM IST. LONDON: Chevron is looking to sell its stakes in three oil and gas fields in Equatorial Guinea, hoping a recent rally in energy prices will help attract buyers, threeindustry sources told Reuters. The U.S. company acquired the assets in the west African country as part of the $13 billion acquisition of
Read MoreEquatorial Guinea to monetize gas resources through the creation of domestic gas-to-power infrastructure. Upcoming 2024 Events Libya Energy & Economic Summit
Read MoreAccording to the global financial services major, the rise in international crude prices poses risks to India''s current account deficit. CAPE TOWN: Equatorial Guinea''s energy industry has secured $2.4 billion of new investment from US firms with 11 wells expected to be drilled from next year, an oil ministry source with direct knowledge
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