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Equitorial Guinea

Petronor to increase interest in Sinapa-Esperanca Licences in Guinea-Bissau

PetroNor, the independent oil and gas exploration and production company with a focus on sub-Saharan Africa has announced that on the 20 November 2021 that it will assume 78.57% interest and Operatorship of the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licences in Guinea-Bissau, which have been extended for 3 years and are […]

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PetroNor E&P Announces Guinea-Bissau Oilfield Licences Update

 PetroNor the independent oil and gas exploration and production company with a focus on sub-Saharan Africa provides the following update on its purchase of SPE Guinea Bissau AB, as announced on 20 November 2020. The Company has announced that it has received the necessary approvals in country, representing a condition precedent to completion which has […]

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Trident Energy completes innovative hot tapping operation on the CEIBA field

Trident Energy has been busy developing new ways of enhancing its production in Equatorial Guinea and the company is pleased to confirm the successful completion of its first deep offshore hot tapping operation, conducted on its CEIBA field which is located on the present-day continental slope. This innovative and complex method which was completed at […]

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Tullow exits Equatorial Guinea, divests total assets to Panoro

Tullow Oil plc (Tullow) has announced that the sale of its assets in Equatorial Guinea to Panoro Energy ASA (Panoro) has now completed. Tullow received a payment of $88.8 million from Panoro.  As previously disclosed, this transaction also includes contingent cash payments of up to $16 million which are linked to asset performance and oil […]

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Panoro Energy completes Acquisition of TEGL Interest in Block G Equatorial Guinea

Tullow Oil plc has announced the successful result of its general meeting to approve the disposal of all of the issued share capital of its subsidiary, Tullow Equatorial Guinea Limited (“TEGL”) held by Tullow Overseas Holdings BV, another subsidiary of Tullow, to Panoro Energy Holding BV, a subsidiary of Panoro. TEGL holds a 14.25% non-operated […]

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AVAALCO uncertain on timely resumption of Block P exploration activities off Equatorial Guinea

VAALCO and its joint venture owners have said that they are evaluating the timing and budgeting for development and exploration activities on Block P offshore Equatorial Guinea. This latest information was disclosed in company’ The Block P production sharing contract provides for a term of 25 years from the date of approval of a development […]

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Equatorial Guinea hydrocarbons projected output and investment rollout in 2021

The Equatorial Guinea Ministry of Mines and Hydrocarbons has announced the conclusion of several meetings for the evaluation of the 2021 Work and Budget Programs pertaining to the development of the Republic of Equatorial Guinea’s oil & gas fields. The meetings were held in the cities of Malabo and Bata to carefully examine the country’s […]

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Equatorial Guinea, Lukoil in talks over Block EG-27 Off Niger Basin.

Lukoil a Russian multinational energy corporation headquartered in Moscow is still in talks with Equatorial Guinea’s Ministry of Mines and Hydrocarbons on the development of offshore block EG-27 months afterround. EG Ronda bid round. Lukoil and GEPetrol in November last year were awarded the operations of EG-27 (formerly Block R) through the EG Ronda 2019 […]

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Equatorial Guinea slats Oil & Gas Projects for 2020

Gabriel Mbega Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial The Board of Directors of the Ministr y of Mines and Hydrocarbons (MMH) of Equatorial Guinea has selected and published the shortlisted key companies for the execution of their reference projects in the framework of the current Investment Year. The decision was made during […]

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Equatorial Guinea launches 2020 investment agenda with the African Energy Chamber

Following the success of the Year of Energy 2019 an initiative of the Republic of Equatorial Guinea which is seeing the organization of several high level investment conferences and road shows in Malabo and internationally this year, the country will be continuing its outreach to global investors with the Year of Investment 2020. Supported by […]

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