Equatorial Guinea advance energy
Marathon lets Equatorial Guinea contract to Petrofac
Marathon Oil Corp. has let a master service agreement (MSA) to Petrofac Ltd. for work in Equatorial Guinea. Under the agreement, Petrofac will provide technical authority and engineering support
African Energy Chamber (AEC) Commends Trident Energy on
As the voice of the African energy sector, the African Energy Chamber () commends Trident Energy for this significant milestone as the first of two infill wells being drilled at the producing Ceiba Field and Okume complex in Equatorial Guinea''s Block G, demonstrating the company''s commitment to maximizing the value of
Energy Profile: Equatorial Guinea
Equatorial Guinea had a population of 790,000 people in 2013 (IEA, 2016). Total electricity production in 2015 was 82 ktoe with 57.3 per cent generated from hydro and 41.4 per cent generated from fossil fuels (IEA, 2016). Electricity consumption in 2015 was 36 ktoe. Table 2 shows the main energy statistics.
Ministry of Mines and Hydrocarbons, Equatorial Guinea / Press
H.E. Gabriel Mbaga Obiang Lima thanks Chinese Embassy in Equatorial Guinea, African Energy Chamber and Ministry of Mines and Hydrocarbons staff for a highly-successful roadshow. EG Ronda Licensing Round Roadshow in China was met with tremendous success as over 100 Chinese investors participate and discuss investment in oil, gas and
Nigeria, Equatorial Guinea to deepen economic cooperation
Nigeria and Equatorial Guinea have indicated the desire to deepen economic cooperation to advance their common interests. President Bola Tinubu and President Obiang Mbasogo of Equatorial Guinea disclosed this on Friday in a statement jointly signed by Nigeria''s Minister of Foreign Affairs, Yusuf Tuggar and his counterpart from that country
Nigeria and Equatorial Guinea Forge New Gas Pipeline Agreement
The partnership with Equatorial Guinea will facilitate access to global gas markets, benefiting from Equatorial Guinea''s advanced gas processing and liquefaction infrastructure in Punta Europa. The agreement encompasses legislative and regulatory measures for the pipeline''s establishment, operation, and transit, as well as ownership and
Equatorial Guinea, Nigeria Sign Gulf of Guinea Gas
Specifically, energy producer Marathon Oil Corp. and energy major Chevron signed an agreement in 2023 with Equatorial Guinea to advance the next stages of the GMH. The first phase was completed in 2021 with the
Marathon (MRO) to Advance Guinea Gas Mega Hub With
Marathon Oil (MRO) affiliate partners with a Chevron company to develop the Equatorial Guinea Regional Gas Mega Hub. This move is expected to have a positive impact on MRO''s profits and cash flows.
Maximising Equatorial Guinea''s hydrocarbon industry
How has Equatorial Guinea''s energy sector become a more attractive destination for foreign investment? It is simple, the hydrocarbons sector contributes 90 percent of Equatorial Guinea''s GDP and with that in mind, to
Panoro Energy
Oslo, 29 November 2024 - Panoro Energy ASA ("Panoro" or the "Company") canconfirm that drilling of the S-6 ("Akeng Deep") exploration well at Block Soffshore Equatorial Guinea has concluded. The well was drilled to a totalvertical depth of approximately 4,030 metres and encountered oil zones in the
NGRI educates oil and gas communities on Energy Transition
Latest from Equatorial Guinea. Menu. General; Business; Politics; Technology; Sports; Medical/Health Care; Press Releases; have called on the government to resource Technical Universities to advance research in alternative energy mix as the country plans for a just energy transition. the Member of the National Energy Transition
Equatorial Guinea, Nigeria Sign Gulf of Guinea Gas Pipeline
Specifically, energy producer Marathon Oil Corp. and energy major Chevron signed an agreement in 2023 with Equatorial Guinea to advance the next stages of the GMH. The first phase was completed in 2021 with the tie-back of the Alen field to the facility, with first gas achieved that same year.
Equatorial Guinea: Supporting an Upstream Renaissance
We develop and deploy the most advanced technologies to serve energy and industrial companies looking for more efficient, more reliable and cleaner solutions. ECP, in partnership with the Ministry of Mines and Hydrocarbons, announced the launch of its Africa Energy Series: Equatorial Guinea 2021 campaign – comprising a report and
Block G well onstream, offshore Equatorial Guinea | Trident Energy
Block G well onstream, offshore Equatorial Guinea. Trident Equatorial Guinea Inc, as operator of Block G, is pleased to announce the C-45 infill well is successfully producing since it first came online on 15th of October and has a current rate in excess of 5,000 barrels per day, as per our pre-drill expectations.
Equatorial Guinea
Equatorial Guinea is a Central African country comprising the Rio Muni mainland and 5 volcanic offshore islands. The country economy traditionally depended on three commodities; oil and petroleum which contributes 78% to the GDP and cocoa, coffee, and timber and considered as the third-largest producer of crude oil in sub-Saharan.
Panoro Energy Reports Mixed Results in Equatorial Guinea
Panoro Energy ASA announced the completion of its 2024 drilling campaign in Equatorial Guinea, with mixed results. While the Akeng Deep well in Block S did not yield a commercial discovery, it
Marathon (MRO) to Advance Guinea Gas Mega Hub With Chevron
Marathon Oil (MRO) recently announced that it has inked a heads of agreement (HOA) with the Republic of Equatorial Guinea and Noble Energy, a Chevron (CVX) company did so through its affiliated
Strengthening Energy Alliances: The Nigeria/Equatorial Guinea
On August 14, 2024, a major milestone in energy cooperation in Africa was achieved with the signing of the "Guinea Gulf Gas Pipeline Project" agreement between Nigeria and Equatorial Guinea. This strategic project involves a pipeline connecting the two countries, strengthening energy relations and paving the way for economic opportunities. Aligned with the CAPS
Chevron, Marathon Oil and Equatorial Guinea govt
Houston-based energy company Marathon Oil Corporation, through its affiliated company Marathon E.G. Holding Limited, has inked a Heads of Agreement (HOA) with the Republic of Equatorial Guinea (E.G.) and Chevron''s Noble Energy E.G. Ltd, to move forward with the next phases in the development of Equatorial Guinea''s Gas Mega Hub (GMH).
Africa: Equatorial Guinea Appoints Antonio Oburu Ondo
JOHANNESBURG, South Africa, February 3, 2023/ — In a recent cabinet shuffle, Equatorial Guinea''s President, H.E. Teodoro Obiang Nguema Mbasogo, has appointed Antonio Oburu Ondo, former Managing Director of national oil company GEPetrol, as the Minister of Mines and Hydrocarbons, with Gabriel Mbaga Obiang Lima – current President of the Organization of
Atlas Petroleum, partners advance Venus oil discovery offshore
This positive result follows the Plan of Development (POD) approval from the Government of Equatorial Guinea. First oil is expected in 2026. The joint venturers expect to spud the first
Equatorial Guinea Energy Information
Equatorial Guinea Total Energy Consumption. Energy consumption per capita is almost 2.1 toe, including 850 kWh of electricity (2022). Following a decrease in 2019, total energy consumption has increased significantly over the last few years (around 19%/year), reaching 3.5 Mtoe in 2022. Notably, there was a ten-fold increase in consumption from
Maximising Equatorial Guinea''s hydrocarbon industry potential
How has Equatorial Guinea''s energy sector become a more attractive destination for foreign investment? It is simple, the hydrocarbons sector contributes 90 percent of Equatorial Guinea''s GDP and with that in mind, to drive economic growth, we have focused on creating an enabling environment for industry players. Through licensing rounds and
Equatorial Guinea: Energy Country Profile
Equatorial Guinea: Energy intensity: how much energy does it use per unit of GDP? Click to open interactive version. Energy is a large contributor to CO 2 – the burning of fossil fuels accounts for around three-quarters of global greenhouse gas emissions. So, reducing energy consumption can inevitably help to reduce emissions.
Strengthening Energy Alliances: The
On August 14, 2024, a major milestone in energy cooperation in Africa was achieved with the signing of the "Guinea Gulf Gas Pipeline Project" agreement between Nigeria and Equatorial Guinea. This strategic project involves a
6 FAQs about [Equatorial Guinea advance energy]
Why is energy in Equatorial Guinea declining?
Energy in Equatorial Guinea is an industry with plenty of potential, especially in the fields of oil and natural gas. However, production has been declining in recent years due to under-investment and lack of new discoveries. In 2022, the country produced less than 100,000 barrels of oil per day (bopd) according to OPEC data.
What transformations are taking place in Equatorial Guinea in 2022?
No data for Equatorial Guinea for 2022. Another important form of transformation is the generation of electricity. Thermal power plants generate electricity by harnessing the heat of burning fuels or nuclear reactions – during which up to half of their energy content is lost.
How much energy does Equatorial Guinea use?
Electricity consumption in Equatorial Guinea in 2015 was 36 kilotonnes of oil equivalent (ktoe). The country produces all of the energy it consumes. As of 2012, renewable energy accounted for 29.2% of the final energy mix.
Why is Equatorial Guinea's oil & gas industry so important?
Equatorial Guinea’s oil and gas industry rose dramatically in importance after large discoveries were first made in 1996. Since then, development of its hydrocarbons Pierre Benichou, executive chairman of Geoex MCG, talks to The Energy Year about hydrocarbons potential in Morocco and other frontier markets and how the company has
How much oil does Equatorial Guinea produce a day?
In 2022, the country produced less than 100,000 barrels of oil per day (bopd) according to OPEC data. Electricity consumption in Equatorial Guinea in 2015 was 36 kilotonnes of oil equivalent (ktoe). The country produces all of the energy it consumes.
Will Equatorial Guinea become a trade hub for gas?
Equatorial Guinea is seeking foreign investment to make the nation a trade hub for gas in the region, including with Cameroon and Nigeria.
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