African Energy Chamber
Source: African Energy Chamber |

African Energy Chamber calls for better fiscal terms and incentives to encourage exploration

In 2020, hundreds of blocks and acreages will be up for grab across Africa, from Senegal to Nigeria to Somalia

In its latest African Energy Outlook 2020, the African Energy Chamber (EnergyChamber.org) calls for sustained fiscal reforms to attract capital and technology into exploration in the continent. In 2020, hundreds of blocks and acreages will be up for grab across Africa, from Senegal to Nigeria to Somalia. Competition will be…

Africa Oil & Power Conference
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Source: Africa Oil & Power Conference |

5TH Gas Exporting Countries Forum (GECF) Heads of State Summit Launches Declaration of Malabo

The Declaration outlines the way in which GECF member countries can cooperate to secure a long-term and sustainable energy transition

The Declaration of Malabo was published as the outcome of the Gas Exporting Countries Forum (GECF) 5th Heads of State Summit on Friday; The declaration was presented by H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, and H.E. Yury Senturyin, Secretary General of the GECF; The Declaration…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Guinea-Bissau: African Development Bank presents the Lusophone Compact to private sector at Economic Forum

The Lusophone Compact, a financing platform involving the African Development Bank, Portugal, and the six Portuguese-speaking countries of Africa (PALOPs), provides risk mitigation, investment products and technical assistance

The African Development Bank (http://www.AfDB.org) presented the Lusophone Compact to the private sector in Guinea-Bissau last month, during an event at the national Economic Forum. The Lusophone Compact, a financing platform involving the African Development Bank, Portugal, and the six Portuguese-speaking countries of Africa (PALOPs), provides risk mitigation, investment products…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

Algeria’s Sonelgaz and Equatorial Guinea’s Sonagas sign a Cooperation Agreement in the Gas Sector

Equatorial Guinea is currently developing its Gas Megahub project which aims to make the country a regional hub for gas distribution

The Memorandum of Understanding covers the regulatory framework for the gas sector, the transport and distribution of gas through pipelines, the supply and installation of gas meters and all other areas of the energy sector of mutual interest; the Algerian government is focused on strengthening the role of its gas…

Africa Oil & Power Conference
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Source: Africa Oil & Power Conference |

Equatorial Guinea launches First Ever Corporate Social Responsibility Book

The book was distributed during the 2nd Gas Exporting Countries Forum International Gas Seminar

The publication highlights key achievements in corporate social responsibility projects within Equatorial Guinea’s oil and gas sector; notable projects include the Bioko Island Malaria Elimination Project, Bioko Biodiversity Protection Program and former Program for Education Development of Equatorial Guinea; the book was distributed during the 2nd Gas Exporting Countries Forum…

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Source: Africa Oil & Power Conference |

Equatorial Guinea Announces $1 Billion in Projects for ‘Year of Investment 2020’

The projects were announced during a press conference at the 2nd Gas Exporting Countries Forum International Gas Seminar on Wednesday

Minister of Mines and Hydrocarbons H.E. Gabriel Mbaga Obiang Lima revealed several capital-intensive projects as part of Equatorial Guinea’s upcoming 2020 Year of Investment initiative; Notable projects open for investment include the construction of three in-country oil refineries, liquefied petroleum gas strategic tanks, a Urea plant and the expansion of a…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

Africa to Double Natural Gas Production by 2040, Global Consumption to Double by 2050

Africa will contribute as much as 9.2% to global natural gas production by 2040

Natural gas growth prospects were outlined during the 2nd Gas Exporting Countries Forum (GECF) International Gas Seminar on Wednesday; Opening addresses were delivered by H.E. Yury Sentyurin, Secretary General of the GECF; H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea; and H.E. María Coloma Edjang…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

Equatorial Guinea Announces Winners of EG Ronda 2019 Bidding Round

The announcement took place during the Gas Exporting Countries Forum 5th Heads of State Summit currently being held in Malabo (November 26-29)

The Ministry of Mines and Hydrocarbons announced the winners of Equatorial Guinea’s oil, gas and mining concessions on Tuesday; Block E G-27 was awarded to Lukoil and GEPetrol and Block EG-09 was awarded to Noble Energy and Gepetrol; The announcement took place during the Gas Exporting Countries Forum 5th Heads…

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

Equatorial Guinea and Vitol Sign Strategic Partnership

The agreement was signed during the 5th Gas Exporting Countries Forum Heads of State Summit taking place in Malabo (November 26-29)

Equatorial Guinea’s Ministry of Mines and Hydrocarbons signed a Strategic Partnership and Cooperation Agreement on the development of the Gas Megahub; The Gas Megahub project aims to develop several offshore gas hubs and monetize neighboring gas reserves; The agreement was signed during the 5th Gas Exporting Countries Forum Heads of…

African Energy Chamber
Source: African Energy Chamber |

5th Gas Summit of the Gas Exporting Countries Forum (GECF) Summit Confirms Africa’s Potential as Future Global Gas Investment Hub

Half of the Forum’s members are African, including Algeria, Egypt, Equatorial Guinea, Libya, Nigeria and Angola, who was the last member to join in 2018

The 5th Gas Summit of the Gas Exporting Countries Forum (GECF) is convening in Malabo, Equatorial Guinea this week, attended by heads of state of GECF Member Countries and hundreds of African executives and leaders of the gas industry. As natural gas becomes a central pivot of Africa’s energy transition,…