Opportunity in Africa’s LNG, if Europe gets serious on supply
Africa could build 120 million tonnes per year of LNG capacity, the International Gas Union (IGU) has said, but development remains slow.
equatorial guinea
Petrojet, Taqa sign deals on Equatorial Guinea work
Egyptian companies have struck deals to carry out work in Equatorial Guinea, according to recent high-level talks.
Glencore cops to global bribery scheme, to pay $1bn penalty
Glencore has agreed to pay penalties of $1.06 billion to US and Brazilian authorities. More is to come in a UK settlement with the Serious Fraud Office (SFO).
Vaalco balances caution with expansion in formative year
Vaalco Energy will focus on delivering its expansion projects this year, while avoiding any threats to production, CEO George Maxwell has said.
Nigeria strikes deal to export LNG via Equatorial Guinea
Nigeria has signed a memorandum of understanding on processing gas for export at facilities in Equatorial Guinea.
Kosmos juices spending on production growth plans
Kosmos Energy is scaling up spending to $700 million this year, from $460mn in 2021, on both its base producing business and its LNG project with BP.
Panoro focuses on development in 2022
Panoro Energy more than tripled its production in 2021, to 7,582 barrels per day of oil.
Glencore pumps more oil, while “managing down”
Glencore has reported strong earnings for 2021, although in terms of energy it was largely driven by coal, rather than oil.
Chevron signs new Equatorial Guinea contract
Chevron has signed up to explore a block offshore Equatorial Guinea, previously held by South Africa’s PetroSA.
SBM pays more fines for West African bribery
Switzerland has ordered three SBM subsidiaries to pay 7 million francs ($7.5mn) for failing to prevent bribe paying in Angola, Equatorial Guinea and Nigeria.
Etinde partners consider exports via Equatorial Guinea
Partners on Cameroon’s Etinde have warned that costs to develop would be much higher than initially thought and exports via Equatorial Guinea may be the answer.
Equatorial Guinea defends gas amid new LNG plans
In a resounding defence of the African gas industry, Equatorial Guinea’s minister of energy has set out a number of plans including the resumption of work on an abandoned floating LNG (FLNG) project.
EG LNG out of action following “incident”
An unspecified incident on September 26 has disrupted operations at Equatorial Guinea’s LNG plant.
Gas is the way for Africa, if aboveground challenges can be resolved
Africa has the resources it needs to provide power for its people, but aboveground challenges must be resolved to speed the way, speakers on a PESGB / HGS Africa E&P Conference 2021 panel have said.
No jabs, no jobs in Equatorial Guinea
Equatorial Guinea has forbidden unvaccinated people from working on- or offshore in the oil and gas sector.
UK sanctions Equatorial Guinea VP, Zimbabwe exec
The UK has announced new sanctions against five people, including officials in Equatorial Guinea and Zimbabwe.
US examines role in Africa’s energy transition
The new US administration is keen to claim its role in new African markets, while also working on efforts to tackle climate change.
Trident to begin Elon drilling this month
Trident Energy will begin drilling in Equatorial Guinea’s Block G on June 22, following the arrival of the Sapphire Driller rig.
Vaalco sets out opportunities and appetites
Vaalco Energy has a new CEO and a strategy that aims to place the company among its West Africa-focused peers on the London market.
Kosmos aims to drill in three countries this year
Kosmos Energy is getting back to work offshore Africa, in Ghana and with three wells planned this year for Equatorial Guinea.
Kosmos reshuffles exploration team
Kosmos Energy has appointed two former Cobalt International Energy executives to run its exploration business.
Maxwell lined up for top slot at Vaalco
George Maxwell has been named as Vaalco Energy’s new CEO, replacing Cary Bounds.
Drilling in April to turnaround Tullow’s tough times
Tullow Oil has reported a post-tax loss of $1.22 billion for 2020, with production to continue sliding in 2020.
Chevron reaches first gas at Alen backfill
Chevron has reached first gas its Alen gas project, in Equatorial Guinea.
NNPC talks pipeline protection, maritime security
The Nigerian military has committed to providing “maximum security” for the country’s oil and gas assets.