Kosmos to pay out dividend, plans energy transition shift
Kosmos Energy has reported a net loss of $36 million for the fourth quarter of 2019, although free cash flow reached $139mn for the period.
equatorial guinea
Trident kicks off 4D shoot in EG
Trident Energy has begun a 4D seismic survey offshore Equatorial Guinea on Block G.
Marathon talks the talk in Equatorial Guinea
Marathon Oil has stepped up its plans for Equatorial Guinea, targeting the delivery of first gas from the Alen backfill project by the end of 2020.
Vaalco output rises on continued Gabonese success
Texas-based Vaalco Energy’s production in Gabon is more than 6,000 barrels per day of oil, up 73% from its 2019 average.
Equatorial Guinea plans modular refinery move
Equatorial Guinea has expressed interest in emulating Nigeria’s modular refinery initiative, led by Waltersmith Petroleum.
Kidnapped Swire Pacific Offshore workers released after month-long ordeal
Vessel operator Swire Pacific Offshore (SPO) has confirmed its workers have been released after a month-long abduction ordeal.
Equatorial Guinea offers ExxonMobil short extension
Equatorial Guinea expects $1.4 billion to be invested in the country in the 2020 fiscal year, with a mix of exploration and appraisal drilling.
Africa makes its case for gas at GECF
The Gas Exporting Countries Forum (GECF) has wrapped up in Malabo, bringing to a close a global discussion on the use and development of gas.
Bowleven eyes the clock on Etinde
Bowleven has taken an impairment charge of $62 million on its Etinde asset in Cameroon as plans have slipped.
Vitol signs on to West African gas megahub plan
Vitol has signed up to a strategic partnership and co-operation agreement with Equatorial Guinea’s Ministry of Mines and Hydrocarbons, focused on the proposed gas megahub plan.
Equatorial Guinea dishes out licences
Equatorial Guinea has preliminarily awarded nine blocks in its EGRonda 2019 licence round, announcing the results at the Gas Exporting Countries Forum (GECF) under way this week in Malabo.
Swire Pacific Offshore confirms vessel attack and seven staff ‘missing’
Vessel operator Swire Pacific Offshore (SPO) has confirmed that a supply ship operating in Equatorial Guinea has been attacked, with seven of the vessels staff now "missing".
Saipem wins Alen pipeline work
Equatorial Guinea has approved a $90-100 million gas pipeline contract with Saipem.
Kosmos scores in Equatorial Guinea
Kosmos Energy notched up $16 million in net income for the third quarter, while also celebrating a discovery offshore Equatorial Guinea.
Glencore ups production with Cameroon start
Glencore’s oil production has risen 8% during the first three quarters of the year over the same period in 2018.
Russia meets Africa at Sochi
A number of African states are in the process of visiting Sochi, largely in the hope of signing deals for new investment.
Equatorial Guinea pitches for investment
Equatorial Guinea is pioneering developments in gas trading around West Africa with plans for a first regasification facility and political initiatives.
Ophir board rejects Medco takeover offer
The board at London-listed oil firm Ophir Energy has rejected a takeover offer from Indonesian company Medco.
Ophir farms out Equatorial Guinea licence to Kosmos
Ophir Energy has clinched a farm-out agreement with Kosmos Energy covering the EG-24 exploration licence in Equatorial Guinea.
FID on Ophir’s Fortuna FLNG pushed into 2018
Ophir Energy said today that its efforts to find alternative funding sources for its Fortuna FLNG project off Equatorial Guinea were at an advanced stage.
Ophir Energy picks Gunvor as buyer for Fortuna LNG
London-based Ophir Energy said today that Gunvor had been selected as the preferred buyer of LNG for offtake from the Fortuna project off Equatorial Guinea.
Ophir close to decision on Africa’s first deepwater FLNG project
Ophir Energy said today that it had taken another step towards a final investment decision (FID) on Africa's first deepwater floating liquefied natural gas (FLNG) project.
Marathon Oil achieves first gas from Alba B3 platform
Marathon Oil said it has achieved first gas from its new Alba B3 offshore compression platform off Equatorial Guinea.
Ophir strikes deal with Schlumberger for FLNG project
Ophir Energy has struck a deal with Schlumberger for its Fortuna FLNG project in Equatorial Guinea.
SacOil joins consortium to develop Bioko Oil terminal tank farm
SacOil has joined a consortium to help develop the Bioko Oil terminal tank farm in Equatorial Guinea. The South African oil and gas company has teamed up with Taleveras Group, Gunvor Group and the Strategic Fuel Fund. The terminal is set to be a massive storage facility and has been spearheaded by the Ministry of Mines, Industry and Energy of Equatorial Guinea.