Ministry of Mines and Hydrocarbons, Equatorial Guinea
Source: Ministry of Mines and Hydrocarbons, Equatorial Guinea |

Equatorial Guinea Primed for Huge Growth as Host of 2019 ‘Year of Energy’

11 new oil and gas wells to be drilled in 2019, with $2.4 billion investment

2019 to be bumper year for Equatorial Guinea’s oil and gas sector, with Year of Energy (https://YearOfEnergy2019.com/) initiative providing impetus for intra-African cooperation; 11 new oil and gas wells to be drilled in 2019, with $2.4 billion investment; Emphasis placed on economic diversification, underscored by energy sector growth After a year of…

Source: Ministry of Mines and Hydrocarbons, Equatorial Guinea |

Equatorial Guinea: Oil Producers should ‘Stand Together’

Collaboration of Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers in committing and adhering to oil production cuts resulted in the historic Declaration of Cooperation in 2017

The Ministry of Mines and Hydrocarbons, representing the Government of Equatorial Guinea, calls for unity amongst oil producing ahead of this week’s 175th Ordinary Meeting of the Organization of Petroleum Exporting Countries in Vienna. The meeting will be a critical juncture for the organization as it grapples with declining oil…

Source: Ministry of Mines and Hydrocarbons, Equatorial Guinea |

Equatorial Guinea congratulates international oil services companies TechnipFMC and Schlumberger for their proactive steps towards local content compliance in Equatorial Guinea

The announcement follows the decision, earlier this week, to cancel all contracts awarded to international oil services firm Subsea 7 for failure to comply with local content rules in Equatorial Guinea

The Minister of Mines and Hydrocarbons has commended international oil services companies Schlumberger and TechnipFMC on their proactive measures taken to comply with Equatorial Guinea’s local content regulations. “Both Schlumberger and TechnipFMC have a long history of working in our country, and their recent engagement with local companies, commitment to…

Ministry of Mines and Hydrocarbons, Equatorial Guinea
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Source: Ministry of Mines and Hydrocarbons, Equatorial Guinea |

Minister orders termination of all contracts with US based Oil Service Company Subsea 7 for refusal to comply with Local Content laws and regulations

Encourage by proactive steps taken by Schlumbeger and Technip FMC to comply with local content regulations

At the South Sudan Oil and Power Conference in Juba, the Minister of Mines and Hydrocarbons announced the decision to mandate all petroleum operators including but not limited to Noble Energy, Exxon Mobil, Kosmos Energy, Trident, Marathon Oil Corporation and other operators to cancel all contracts with US based oil service…