Chevron has taken final investment decision (FID) on the Aseng Gas Monetization Project offshore Equatorial Guinea, advancing development of gas resources tied to its operated assets in the country. The project, led by Noble Energy EG Ltd., a Chevron subsidiary, will develop gas from the Aseng field using existing midstream infrastructure. The approach is designed to accelerate timelines […]
Subsea7 has been awarded a subsea installation contract for the Aseng Gas Monetization Project offshore Equatorial Guinea, supporting development of a single-well tieback to existing infrastructure. The contract was issued by Noble Energy EG Ltd., a subsidiary of Chevron, and covers installation work linking the Aseng field to the Alen platform. Scope includes the transport […]
Equatorial Guinea, OPEC’s smallest member, has turned to commodity trading companies for prepayment deals on oil and liquefied natural gas to help finance a revival of domestic hydrocarbon production.
Europa Oil & Gas (Holdings) PLC has received a 12-month extension to the initial two-year term of the EG-08 exploration block from Equatorial Guinea’s hydrocarbons and mining development minister.
Equatorial Guinea has signed an Incentives Agreement with Chevron for the development of the Aseng Gas Project in Block I. The landmark agreement underscores the country’s long-term strategy to consolidate its position as a premier hub for natural gas in Africa.
Equatorial Guinea will launch its highly anticipated EG Ronda 2026 licensing round at this year’s African Energy Week (AEW) later this month. The licensing round forms part of the country’s broader strategy to revitalize its upstream sector, attract new investment and unlock exploration and production opportunities offshore.
Peter Huxham and Frik Potgieter, both South African nationals, were arrested on drug-trafficking charges in February 2023, days after a South African court ordered the seizure of one of Equatorial Guinean Vice President Teodoro Nguema Obiang Mangue’s yachts. The two incidents were linked, Bloomberg reported in April last year.
ExxonMobil has concluded its operations in Equatorial Guinea after almost three decades, fulfilling its intention, stated in 2022, to leave when its licenses expired.
In a move set to strengthen bilateral cooperation in West Africa, Equatorial Guinea and Nigeria have signed an agreement for the construction of the Gulf of Guinea Gas Pipeline Project. A joint regional pipeline development, the project will transport gas from Nigeria to Equatorial Guinea. Under the terms of the deal, gas will be processed at Equatorial Guinea’s LNG processing facilities at Punta Europa on Bioko Island – owned by the state-owned EG LNG – signaling new opportunities for energy security on the back of bilateral collaboration.
Houston-headquartered exploration and production company Marathon Oil Corp. reported $349 million in net income for the second quarter, compared to $297 million for the previous quarter and $287 million for the corresponding quarter a year prior.