Ministry of Mines, Industry and Energy Equatorial Guinea
Source: Ministry of Mines, Industry and Energy Equatorial Guinea |

Minister of Mines and Hydrocarbons of Equatorial Guinea orders cancellation of all contracts with Canadian-based CHC Helicopters

Calls on Oil companies to comply with local content regulations

The Ministry of Mines and Hydrocarbons of Equatorial Guinea (http://mmie.gob.gq/en) has mandated 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 Canadian-based CHC Helicopters (http://www.CHCHeli.com), due to noncompliance of Equatorial Guinea’s national content regulations. “It…

Source: Ministry of Mines, Industry and Energy Equatorial Guinea |

Kosmos Energy Acquires Hess Corp. Assets in Equatorial Guinea

Kosmos Energy will acquire the assets from Hess; existing investors Tullow Oil and GEPetrol will enter partnership with the new operator

US oil company Hess Corporation will give up its 85-percent stake in the producing Ceiba and Okume oilfields offshore Rio Muni, Equatorial Guinea. Kosmos Energy will acquire the assets from Hess; existing investors Tullow Oil and GEPetrol will enter partnership with the new operator. With the purchase of Ceiba and…

Source: Ministry of Mines, Industry and Energy Equatorial Guinea |

Hess Corporation Reaches Amicable Tax Settlement With Equatorial Guinea

Operator Hess is selling its stake to Kosmos Energy

A tax settlement between the Ministry of Mines and Hydrocarbons and the partners of the Ceiba and Okume fields has been reached, the Ministry announces. Minister of Mines and Hydrocarbons: “Equatorial Guinea has a stellar record in honoring the sanctity of contracts.” Hess Corp. has an 85 percent interest in…

Source: Ministry of Mines, Industry and Energy Equatorial Guinea |

Kosmos Energy Enters Equatorial Guinea with Three New Oil and Gas Contracts

The Ministry of Mines and Hydrocarbons of Equatorial Guinea, Kosmos Energy of the US and national oil company GEPetrol have signed three new production sharing contracts (PSC) for Block EG-21, Block S and Block W offshore Rio Muni

Dallas-based Kosmos Energy will enter Equatorial Guinea via three new oil and gas licences following the EG Ronda 2016 licensing round. Block EG-21, Block S and Block W are located offshore Equatorial Guinea. Kosmos Energy is an established oil and gas explorer in West Africa. The Ministry of Mines and…

Source: Ministry of Mines, Industry and Energy Equatorial Guinea |

Ophir Energy Signs Exploration Contract for New Equatorial Guinea Oil and Gas Acreage

Ophir Energy is developing Africa’s first deepwater floating LNG plant utilizing gas from Block R offshore Bioko Island

London-listed Ophir Energy enters its second oil and gas block in Equatorial Guinea in partnership with GEPetrol. Block EG-24 is situated offshore Rio Muni to the west of legacy producing fields Ceiba and Okume. Ophir Energy is developing Africa’s first deepwater floating LNG plant utilizing gas from Block R offshore…

Source: Ministry of Mines, Industry and Energy Equatorial Guinea |

Equatorial Guinea Enters Liquefied Natural Gas (LNG) Sales and Infrastructure Agreement with Burkina Faso

The MoU also calls for Equatorial Guinea to explore and produce oil and gas in Burkina Faso

The Ministry of Mines and Hydrocarbons (http://MMIE.Gob.gq/en/), representing the Government of Equatorial Guinea, has signed a memorandum of understanding with the Government of Burkina Faso to supply the West African country with LNG and build critical infrastructure to import, store and transport gas. The initial three-year agreement compels both sides…

Ministry of Mines, Industry and Energy Equatorial Guinea
Source: Ministry of Mines, Industry and Energy Equatorial Guinea |

Fortuna FLNG Offtake Awarded to Gunvor

Gunvor is committed to take the full contract capacity of the Gandria FLNG vessel of 2.2 MMTPA which will be purchased on a Brent-linked, Free on Board (“FOB”) basis for a 10 year term

The Ministry of Mines and Hydrocarbons (“MMH”), Ophir Equatorial Guinea (Block R) Ltd, OneLNG SA and La Compania Nacional De Petroleos De Guinea Ecuatorial (“GEPetrol”) have nominated Gunvor Group Ltd (“Gunvor”) as its preferred LNG Buyer for offtake from the Fortuna FLNG project. All parties have agreed the principal commercial terms…

Ministry of Mines, Industry and Energy Equatorial Guinea
Source: Ministry of Mines, Industry and Energy Equatorial Guinea |

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 Mines and Hydrocarbons of Equatorial Guinea joined 10 non-cartel members to cut 558,000 barrels per day of oil production through 2017 The Ministry of Mines and Hydrocarbons of Equatorial Guinea (http://MMIE.gob.gq)…

Ministry of Mines, Industry and Energy Equatorial Guinea
Source: Ministry of Mines, Industry and Energy Equatorial Guinea |

Equatorial Guinea Launches 2016 Oil and Gas Licensing Round

The bidding round, EG Ronda 2016, welcomes expressions of interest on 37 open licenses. The bidding period concludes November 30, 2016

Equatorial Guinea’s Ministry of Mines, Industry and Energy (MMIE) (www.MMIE.gob.gq) today launched the country’s latest oil and gas blocks licensing round, EG Ronda 2016 (www.EGronda2016.com), at the Africa Oil & Power conference. Companies are now able to submit letters of interest to the Ministry, and to view the official map…

Source: Ministry of Mines, Industry and Energy Equatorial Guinea |

Oil: Equatorial Guinea’s Minister of Energy to make major announcement during live webcast on Monday, June 6 at 14:25 GMT

Journalists will be able to ATTEND LIVE VIA THE INTERNET

Equatorial Guinea’s Minister of Mines, Industry and Energy (http://MMIE.gob.gq), H.E. the Minister, Gabriel Mbaga Obiang Lima will make a major announcement during a press conference on Monday, June 6 at 14:25 GMT webcast live from the Africa Oil & Power conference (www.AfricaOilandPower.com) in Cape Town, South Africa. Journalists will be…