NDC Status Equatorial Guinea submitted its revised NDC in October 2022. During the revision process, UNDP has assisted the government in updating its greenhouse gas inventory, aligning the NDC with the Sustainable Development Goals and reviewing legal frameworks. This support also included guidance on renewable energy policies and capacity strengthening of national …
Electrification rates are relatively high in Equatorial Guinea at 66%. The country began oil production in the late 1990s and began LNG exports in 2007.
PARAMARIBO, August 6, 2024 – Equatorial Guinea is in talks with commodities giant Trafigura for USD 2 billion in oil financing, Bloomberg reported on Tuesday. The government released a statement saying that Trafigura had proposed the loan during talks last week. The proposed financing – which the report identified as part of a recent trend of African governments seeking …
Equatorial Guinea Energy Policy, Laws and Regulations Handbook Volume 1 Strategic Information and Regulations . Preview this book » Selected pages. Title Page. Table …
Equatorial Guinea''s Ministry of Mines and Hydrocarbons (MMH) has announced the key companies shortlisted for the execution of its landmark projects under its ongoing Year of Investment. At Punta Europa, where most of Equatorial Guinea''s gas and energy activities are currently located, the country plans to build a modular refinery, storage …
NJ Ayuk, Executive Chairman of the AEC, described the PSC signing as a significant milestone in Minister Antonio Oburu''s upstream investment drive, heralding a major comeback in Equatorial Guinea''s oil and gas production, fueled by increased investment and favorable fiscal policies. Recent activity in Equatorial Guinea includes Trident ...
UK-headquartered oilfield services provider Petrofac has won a long-term technical services contract to support the operation of the Block B asset off the coast of Equatorial Guinea. This deal has been awarded by Compañía Nacional de Petróleos de Guinea Ecuatorial (GEPetrol), the African country''s national oil company (NOC).
Multinational energy corporation Chevron and Equatorial Guinea''s state-owned oil company GEPetrol have signed two production sharing contracts (PSC) for offshore blocks EG-06 and EG-11 in Equatorial Guinea. Situated in close proximity to producing Block B which houses the Zafiro field, the blocks are considered to be highly-prospective and are …
What is the role of energy transformation in Equatorial Guinea? How is energy used in Equatorial Guinea? Energy supply. Total energy supply (TES) includes all the energy produced in or imported to a country, minus that which is exported or stored. It represents all the energy …
ECP, in partnership with the Ministry of Mines and Hydrocarbons, will launch the Africa Energy Series: Equatorial Guinea 2021 campaign – comprising a report and documentary – that will serve as a critical tool to navigate the energy investment landscape of one of Africa''s more mature petroleum-producing markets.
Gesto was selected to assist the EU''s SE4ALL TAF in the evaluation of Equatorial Guinea''s energy sector and of its institutional and political framework, in order to support the development of the country''s energy sector roadmap. DESCRIPTION. The main objective of the project was to provide an overview of available political, economic and sectorial information (reports, …
Equatorial Guinea has announced plans to develop energy projects worth US$1bn, including two new oil refineries. The first modular refinery would have a capacity of 20,000 bbl/d and transforms crude oil from Zafiro and Aseng fields. The second modular refinery would produce 10,000-20,000 bbl/d and would be located on the mainland in Kogo, with oil …
The Hydrocarbons Law stipulates that all hydrocarbon reservoirs in Equatorial Guinea, including its inland waters, territorial waters, exclusive economic zone and continental …
The government has announced plans for an LNG terminal on Equatorial Guinea''s mainland. The new plant will be built at the port of Akonikien on the southern border by local contractor Elite Construcciones. It will have a storage capacity of 14,000m3 in 12 bullet tanks as well as a truck loading station and 12km of gas and diesel pipelines, and will enable …
Noble Energy awarded a 70-day contract to the Maersk Voyager drillship for operations in Equatorial Guinea earlier this year. The contract started in 2Q 2019 and was scheduled to end in July 2019. The contract also included one one-well option. Bassoe estimated that Maersk Voyager''s dayrate with Noble Energy was around $165,000.
SBM Offshore has received an extension of two years for the operating contract of the FPSO Serpentina from ExxonMobil in Equatorial Guinea, with options to extend for a further three years. FPSO Serpentina was the second generic FPSO that Keppel Shipyard converted for SBM, following the completion of the first vessel, FPSO Falcon in June 2002.
May 17th 2022 | Multiple countries | Oil and gas Can the Middle East and Africa meet Europe''s energy needs? MEA can probably replace 10-15% of Russian gas in the near term, but Europe will have to wait some time for much more. March 18th 2022 | Multiple countries | Oil and gas UAE signals interest in increasing oil output quotas. The UAE is keen to raise …
Industry and Energy Overseeing Equatorial Guinea''s oil and gas industry, the Ministry of Mines Industry and Energy is responsible for almost 90 percent of the country''s revenues. While still focusing in the promising offshore potential of the country, with new offshore blocks up for direct negotiation, the MMIE has spear-headed the PEGI 2020 industrialisation plan and the …
The options were identified based on policies that are generally agreed to contribute to emissions reductions (IPCC, 2014), represent sector-level example policies, which have been successful …
With Equatorial Guinea''s energy sector dwarfing all other industries, there is a justifiable concern over what the future may bring. Beginning in 2004, production at the Zafiro Field began a steady decline with projections calling for an average of 110,000 bpd being produced between 2018 and 2024 (Rascouet 2018). Given that Equatorial Guinea''s oil …
Over recent years, Equatorial Guinea''s economic growth has been hampered by a shrinking hydrocarbon sector and external and domestic shocks. The economy has been in recession for seven consecutive years. The hydrocarbon sector has declined at an average rate of 7.2 percent per year between 2015 and 2021 amid maturing oil fields and multiple incidents at both gas …
The PSC Amendment has been entered into by the Ministry of Mines, Industry and Energy (MMIE), Ophir and its partner the National Oil Company of Equatorial Guinea, la Compania Nacional de Petroleos de Guinea Ecuatorial (GEPetrol). The primary purpose of the Amendment is to expand the area covered by the Block R PSC to include unlicensed acreage …
• Saves 919 lives from air pollution per year in 2050 in Equatorial Guinea; • Eliminates 8 million tonnes-CO 2e per year in 2050 in Equatorial Guinea; • Reduces 2050 all -purpose, end-use energy requirements by 36.5%; • Reduces Equatorial Guinea''s 2050 annual energy costs 47.2% (from $5.8 to $3.1 bil./y);
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 ...
While the Turbogas plant has been Equatorial Guinea''s largest power plant for over a decade, the Ministry of Mines and Hydrocarbons has been pushing to further develop the use of natural gas for local consumption through gas-to-power construction projects. In 2016, the Bata power plant underwent a conversion of its turbines from heavy fuel oil to both fuel and …
In an exclusive from the book Equatorial Guinea: A History of Oil, produced for the MMIE in partnership with Centurion Law Firm we look at Zafiro field northwest of Bioko Island. The offshore field has not only increased …
Hydrocarbons account for about 61% of the total energy consumed in Equatorial Guinea. Equatorial Guinea is divided into two geographical regions: the mainland; and several islands, among which is the island of Bioko where the capital of the country is located. The island of Bioko is powered by the turbo-gas plant located in Punta Europa (Malabo ...
MALABO, June 24, 2024 – Chevron has signed production-sharing contracts for two blocks offshore Equatorial Guinea, with plans to spend USD 2 billion on their exploration, international media reported on Monday. Blocks EG-06 and EG-11 were previously held by ExxonMobil.. Chevron signed the PSCs with Equatorial Guinea''s Ministry of Mines and Hydrocarbons and …
Since 1995, when significant off shore oil discoveries were made in the Gulf of Guinea, oil has become Equatorial Guinea''s most important export. Today, about 75% of export revenues …
However, despite this potential, investment and development has been slow, leading to Hydrocarbons Minister, H.E. Didier Budimbu Ntubuanga, seeking collaborative energy partnerships with gas major Equatorial Guinea. Equatorial Guinea represents a particularly valuable partner for the DRC as the country has been highly successful in exploiting ...
Energy Storage Energy Efficiency New Energy Vehicles Energy Economy Climate Change Biomass Energy. Video Policy & Regulation Exhibition & Forum Organization Belt and Road. Oil & Gas. Friday 16 Aug 2024. Nigeria and Equatorial Guinea Sign Gas Pipeline Project 16 Aug 2024 by reuters A file Photo of a gas pipeline near Nigeria''s Port Harcourt. …
Energy system of Equatorial Guinea. Electrification rates are relatively high in Equatorial Guinea at 66%. The country began oil production in the late 1990s and began LNG exports in …
Equatorial Guinea is among the largest oil producers in Africa, with an output of 280,000 bopd in 2016. Menu mobile. Home News Interviews Markets Companies Events Buy reports ; ABOUT Search. CART (0) Login/Register. Back to our markets Equatorial Guinea''s Energy Industry in figures Oil reserves 1.1 billion barrels. Oil production 161,000 bpd. Gas …
MALABO, October 18, 2023 – Marathon Oil Corporation has entered into a five-year LNG sales agreement with global commodities company Glencore for a portion of gas produced at the Alba field in Equatorial Guinea, the American …
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