Category Archives: Equatorial Guinea

Equatorial Guinea

Reduction Of Personnel For Economic Reasons Vs Suspension Of Employment Contracts: Why Are Companies In Equatorial Guinea Spending Money In Times Of Crisis?

By Pablo Mitogo, Associate Attorney, Centurion Law Group Since the outbreak of COVID-19, many countries have been overwhelmed and the health systems of the most powerful countries have collapsed. The wave of chaos has also reached companies, especially in small economies such as Equatorial Guinea. Many companies have seen their volume of activity decrease drastically, with subsequent […]

Exclusive Interview with NJ Ayuk

NJ Ayuk is the CEO of Centurion Law Group and the Executive Chairman of the African Energy Chamber.

NJ Ayuk is the CEO of Centurion Law Group and the Executive Chairman of the African Energy Chamber. His experience negotiating oil and gas deals has given him an expert’s grasp of Africa’s energy landscape. He is the author of few books and one of them named “Billions at Play: The Future of African Energy and […]

The rise and rise of African oil and gas: Seven trends that will shape sub-Saharan Africa’s oil and gas in 2020 and beyond

Africa holds around 7% of the world’s proven crude oil and natural gas reserves, yet the continent remains largely under-explored. It’s safe to say that the motherland is far from having exploited its full potential. For this potential to bear fruit and translate into economic development and jobs, several things need to happen. Good thing […]

Africa Oil & Power: Home of oil and gas licensing rounds

Africa Oil Power

Gabon, Equatorial Guinea and Senegal will continue to showcase their hydrocarbon potential at the 2019 Africa Oil & Power conference and exhibition. Senegal and South Sudan will launch their next oil and gas licensing round at AOP 2019. Senegalese President, H.E Macky Sall, will be honoured as Africa Oil Man of the Year by Africa […]

Equatorial Guinea’s to boost Opportunities for African Services Companies with Upcoming Oil & Gas Meeting Day

The Oil & Gas Meeting Day will offer the opportunities for African services companies to make deals with regional and international partners In order to strengthen cooperation amongst African companies, encourage the development of a strong African content and promote joint-venture opportunities, Malabo will be hosting the Oil & Gas Meeting Day on October 1-2, […]

African Energy Chamber’s Investment Drive in China Met with Tremendous Success

The biggest names in the Chinese energy industry participated in the EG Ronda Licensing Round Roadshow in Beijing today, hosted by the African Energy Chamber. This is the first investment roadshow organized by the Chamber in China, as it pursues its strategy of channeling Africa’s global outreach to energy investors and stakeholders worldwide. It has […]

Nominees announced for this year’s African Banker Awards

Nominees announced for this year’s African Banker Awards

Shortlist reflects diversity of high performing banks on the continent Winners will be announced at the awards ceremony on the margins of the African Development Bank Annual Meetings taking place next month in Malabo, Equatorial Guinea Nominees for the 2019 African Banker Awards have been announced.This year’s shortlist sees a number of new banks nominated across […]

Atlas Oranto Petroleum is expecting to be investing close to $350 million on pooling supply from stranded gas fields in Equatorial Guinea and the Gulf of Guinea

African Business News

Following the signing of Definitive Agreements for the monetization of gas from Equatorial Guinea’s Alen Unit, pan-African oil and gas exploration and production company, Atlas Oranto Petroleum (https://Atlas-Oranto.com) is planning to make a significant investment into the country’s backfill project. With its partners in Block O and I, Noble Energy, Marathon Oil, Glencore and Guvnor, […]

Equatorial Guinea oil and gas sector in 2019: 11 new oil and gas wells with $2.4 billion investment

Equatorial Guinea Africa

After a year of sector recovery and pan-African alliance building, Equatorial Guinea is ready to capitalize on expected new investment and solidify its global standing through its ‘Year of Energy’ campaign. In 2019, Equatorial Guinea will host and promote multiple events to champion its oil and gas projects and promote intra-African cooperation, including flagship events […]

Using African Gas for Africa First

A private sector initiative called LNG2Africa is addressing one of the continent’s biggest lost opportunities, turning LNG into an African asset 2018 is turning out to be a bold new year. We are witnessing changes to the African energy market that are both welcome and long-awaited for. We spoke before of the great progress Nigeria […]

Paths of Profit, Not Destruction

Last year, Nigeria took a major economic hit — the country was losing approximately 700,000 barrels of oil per day as militants in the Niger Delta (such as the Niger Delta Avengers) targeted key Critical Energy Infrastructure Assets (CEIA) – such as pipelines, gas & oil platforms, etc.…-  both onshore and offshore. The unanticipated loss […]

Bioko Oil Terminal Project Attracts New Interest; Aims to Transform African Oil Industry

Equatorial Guinea’s Bioko Oil Terminal (BOT) project continues to gain important new partners as Nigeria’s Oranto Petroleum submits its interest in investing in the crude oil and petroleum products storage facility. The Ministry of Mines and Hydrocarbons of Equatorial Guinea believes the BOT project will be a “revolutionary” regional development, bringing new efficiencies to western […]

Equatorial Guinea Hosts First Economic Forum in Saudi Arabia, Signs Key Agreements

Two global energy powers met today for the first Equatorial Guinea-Saudi Arabia Economic Forum, organized by the Ministry of Mines and Hydrocarbons of Equatorial Guinea. The historic event was hosted by the Jeddah Chamber and brought together senior government officials from both countries to discuss investment in crucial economic sectors of energy, agriculture, fisheries, and […]

Rex Tillerson, ExxonMobil and Africa: What to expect

Otavio Veras, Research Associate of the NTU-SBF Centre for African Studies Synopsis In the wake of controversial picks for Trump’s cabinet, the spotlight turns to his appointed choice for Secretary of State, the highest diplomatic rank in the United States government. After a brief interlude with Mitt Romney, which would certainly be a favourite pick […]

Equatorial Guinea Presents Offer to Join OPEC in 2017 and Agrees to Production Cuts

H.E. Gabriel Mbaga Obiang, Minister of Mines and Hydrocarbons, travelled to Vienna on January 20 to meet with OPEC officials and present the Government of Equatorial Guinea’s offer to become the 14th member of the cartel Minister Gabriel Mbaga Obiang spearheads effort to become member of world’s largest organization of oil producers The Ministry of […]

EG Govt. Concludes New Investment Prospects After Asia Visit

The Ministry of Mines and Hydrocarbons of Equatorial Guinea wraps up a successful visit to Singapore and is negotiating terms with offtakers from the Fortuna floating LNG plant. The Ministry of Mines and Hydrocarbons of Equatorial Guinea met several energy companies during a packed agenda that raised investment prospects with the region. The Ministry was […]

Equatorial Guinea Government Welcomes Participation in Oil and Gas Licensing Round

Representatives of the Ministry of Mines & Hydrocarbons of Equatorial Guinea, including His Excellency Minister Gabriel Mbaga Obiang Lima, present the EG Ronda 2016 licensing round in Singapore. A delegation of the Ministry of Mines and Hydrocarbons of Equatorial Guinea has arrived in Singapore to promote the oil and gas licensing round. During the CWC […]

Equatorial Guinea Champions Trade Facilitation in Central Africa

Government of Equatorial Guinea leaps towards establishing Single Window System Time and costs for company registration have been slashed dramatically Trade environment reform will improve Ease of Doing Business ranking with the World Bank In 2015 Equatorial Guinea made public the efforts to reposition herself in the global trade arena through the improvement of the […]

EG Ronda 2016 Moves to Singapore for 3rd Stage of Oil and Gas Licensing Round Promotion

The Equatorial Guinea Oil and Gas Licensing Round announces the next stage of its world tour. On September 20-23, Ministry of Mines and Hydrocarbons officials will visit Singapore to promote exploration opportunities to Asian and Australian investors. The Equatorial Guinea oil and gas licensing round, EG Ronda 2016, will come to Singapore in September as […]

IMF Staff Concludes 2016 Article IV Mission to Equatorial Guinea

A mission from the International Monetary Fund (IMF), led by Montfort Mlachila, visited Malabo from June 29 to July 13 to conduct the 2016 Article IV consultation discussions. At the conclusion of the mission, Mr. Mlachila made the following statement: “Equatorial Guinea has for two decades been one of Sub-Saharan Africa’s (SSA) largest hydrocarbon exporters. […]

New Deal Signed by Equatorial Guinea and Shell to Increase Oil and Gas Collaboration

Equatorial Guinea has signed an MoU with Shell, effective July 4, 2016, to enable greater cooperation on oil and gas projects. Shell entered Equatorial Guinea’s gas sector in 2016 through the acquisition of BG Group, the long-term buyer of LNG cargoes from EGLNG facility. The Ministry of Mines and Hydrocarbons (MMH) of Equatorial Guinea signed […]

Minister Highlights Equatorial Guinea’s Oil and Gas Legacy of Exploration Success at Africa Assembly

Equatorial Guinea’s government is promoting its offshore acreage and showcasing the nation’s oil and gas achievements in the EG Ronda 2016 oil and gas blocks licensing round. H.E. the Minister Gabriel Mbaga Obiang Lima, Minister of Mines, Industry and Energy of Equatorial Guinea, has reiterated his call for increased investment in oil and gas exploration. […]