Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

Equatorial Guinea takes bold action to aid explorers

Major U.S. upstream firms to benefit include Kosmos Energy, VAALCO Energy and more

The Ministry of Mines and Hydrocarbons will grant two-year block extensions and ease capex requirements for E&P companies amid industry downturn; major U.S. upstream firms to benefit include Kosmos Energy, VAALCO Energy and more; the measure reflects broader efforts to drive global investment into Equatorial Guinea in line with its…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

Equatorial Guinea’s Oil and Gas Sector tackles COVID-19 Strategy (By Grace Goodrich, Field Editor at Africa Oil & Power)

The country is projected to be one of the hardest hit African economies by the global pandemic

By Grace Goodrich, Field Editor at Africa Oil & Power Equatorial Guinea’s leading energy players united in a webinar on Thursday to address the impact of COVID-19 on the country’s oil and gas sector and delineate mitigation measures to sustain its pace of engagement with global investors. With a sharp…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

With its Gas Mega Hub, Equatorial Guinea Wants to Deliver on Expectations of Successful African Cross-Border Gas Cooperation

The project is of strategic importance for Equatorial Guinea because the Alba field had been until now the sole supplier of gas to its Punta Europa complex

Equatorial Guinea is positioning itself as a hub for gas in the Gulf of Guinea and hopes to deliver where others have failed: developing the first successful cross-border gas venture on the continent. Gas is a key priority for Equatorial Guinea and its neighbors. While Cameroon brought on stream Africa’s…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

Noble Energy Makes New Equatorial Guinea Petroleum Discovery

Equatorial Guinea’s Ministry of Mines and Hydrocarbons (MMH) is pleased to announce that U.S. oil and gas company Noble Energy has made a discovery in offshore Block I

Noble Energy makes oil discovery in Block I, located in Equatorial Guinea’s offshore sector; The well was drilled to a total depth of 4,417 meters and is expected to produce first oil in October 2019; As a champion of oil and gas development in Africa, Minister of Mines and Hydrocarbons…

Source: Africa Oil & Power Conference |

African Liquefied Natural Gas (LNG) to attract $103 Billion in 2019

Nigeria, Egypt, South Africa, Mozambique, Senegal and Mauritania lead investment across supply and demand driven projects

Africa is an exciting frontier in the global natural gas sector. The continent holds 7.1 percent of proven global gas reserves (http://bit.ly/2KKgTgQ) and is expected to contribute nearly 10 percent of global production growth through to 2024 (http://bit.ly/30murnZ). On the demand side, Africa’s large, urbanized and industrialized societies of the…