Tag: oil and gas

The Development of Equatorial Guinea’s Mining Industry will give a Boost to Economic Diversification and Jobs Creation

Recent developments coming from Equatorial Guinea on the development of its mining and minerals industry are extremely positive and need to be welcomed and applauded. As the demand for key minerals such as lithium, graphite, cobalt, aluminum, copper and nickel is expected to rise and gold prices hit record highs, Equatorial Guinea has a unique opportunity to tap into an industry that has proven successful across the continent. Last year, the Ministry of Mines and Hydrocarbons (MMH) organized

Equatorial Guinea Announces Compliance with OPEC Production Cuts Obligations

Equatorial Guinea has announced that it is fully complying with its production cuts obligations under the record OPEC++ global oil cuts deal reached in April 2020 and which took effect on the 1st of May. While announcing the country’s compliance, Minister of Mines and Hydrocarbons, H.E. Gabriel Mbaga Obiang Lima, also paid tribute to Saudi Arabia, the United Arab Emirates and Algeria for going above and beyond their obligations and playing a substantial role in rebalancing the market.

Without Governments’ Flexibility on Oil Personnel Movements, Oil and Gas Production Across Africa Will Be Severely Impacted

Some charter flights with oil industry personnel and medical equipment’s have been allowed to land a few oil-producing countries like Nigeria, Angola, Equatorial Guinea and others lately, allowing a much-needed rotation of oil sector workers. The African Energy Chamber (www.EnergyChamber.org) believes that such charter flight operations led by international oil companies such as ExxonMobil in Equatorial Guinea must be expanded across all oil-producing states and governments should immediat

To Finance its Energy Transition and Industrialization, Africa needs to Think Local

Download logoAs global markets think of the post-Covid-19 world and how the pandemic will reshape business models worldwide, African countries are coming to terms with a bitter reality: the continent has still not entered the Fourth Industrial Revolution and is heading towards its first recession in 25 years. While the impact of the pandemic on African economies is expected to be lesser than in Europe or North America, it still puts to the forefront the continent’s overdependence on key

Namibia’s Ministry of Mines and Energy is optimistic about the future

With the recently introduced reforms in Namibia’s renewable energy sector and the growing presence and entry of international oil companies entering the hydrocarbons sector, the Ministry of Mines and Energy is optimistic about the country’s energy future. “There are very positive and encouraging signs when we talk about the hydrocarbons sector. We have had a couple of investors that are keen on entering the market and potentially finding something,” said Hon. Tom Alwee

Total Deal Catalyst for Uganda Oil, COVID-19 Should Not Delay Upstream final investment decision (FID) (by Thomas Hedley, Field Editor, Africa Oil & Power)

By Thomas Hedley, Field Editor, Africa Oil & Power  Hosted under the theme ‘Taking Advantage of Opportunities in Uganda’s Oil & Gas Sector,’ an Africa Oil & Power (https://www.AfricaOilandPower.com/) webinar yesterday highlighted the domestic and regional opportunities associated with the Uganda Lake Albert project, oil and gas exploration, and associated services and infrastructure including the $3.5-billion East African Crude Oil Pipeline project.  Speakers in

New Gas Master Plan to boost Africa’s First Offshore Gas Mega Hub in the Gulf of Guinea

Equatorial Guinea continues to lead the development of natural gas production and monetization in the Gulf of Guinea, with the award of a new contract for a new Gas Master Plan to support the ongoing development of its offshore Gas Mega Hub. In collaboration with Marathon Oil Corp and EG LNG, the Ministry of Mines and Hydrocarbons (MMH) awarded a contract for the development of a Gas Master Plan to British company Gas Strategies on Tuesday. The work is part of the development of Equatorial Gu

Equatorial Guinea awards Contract to American Company Nexant for Methanol-to-Derivatives Plant

The Ministry of Mines and Hydrocarbons (MMH) of Equatorial Guinea, in collaboration with the Atlantic Methanol Production Company (AMPCO), awarded American company Nexant the feasibility study for the construction of a new formaldehyde production plant in Punta Europa. The project is part of the Year of Investment and was previously agreed during a meeting last January between H.E. President Teodoro Obiang Nguema Mbasogo, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons, Mar