Equatorial Guinea: Saipem to build Alen pipeline | African Energy
Saipem has announced a contract with Noble Energy for the offshore installation of a 70km gas pipeline connecting the Alen platform to Punta Europa to supply gas from the Alen field to the Alba liquefied petroleum gas processing plant and the EGLNG facility. Project start-up is planned for H1 2021. The Alen development is the first step in plans for an offshore natural
Vaalco gets green light in Equatorial Guinea block
HOUSTON, March 26, 2024 – Houston-based Vaalco Energy has received final approval from the government of Equatorial Guinea for its Venus plan of development in offshore Block P, the company announced on Monday. All partners have signed the final documents and Vaalco will soon proceed with a FEED study prior to taking the FID that will lead to the execution of its
Will Equatorial Guinea rescue its dwindling energy
The departure of ExxonMobil from Equatorial Guinea casts further doubt on the outlook of the country''s energy sector. To reduce the reputational damage and improve the appeal of investing in the country, the
Equatorial Guinea
Figure 1: Energy profile of Equatorial Guinea Figure 2: Total energy production, (ktoe) Figure 3: Total energy consumption, (ktoe) Table 1: Equatorial Guinea''s key indicators Source: (World Bank, 2015) Source: (AFREC, 2015) Source: (AFREC, 2015) Energy Consumption and Production Equatorial Guinea had a population of 790,000 people in 2013
ENERGY COUNTRY REVIEW Equatorial Guinea
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
AEC, Equatorial Guinea Discuss Hydrocarbon Regulation
The African Energy Chamber met with Equatorial Guinea''s Vice Minister of Mines and Hydrocarbons, H.E. Domingo Mba Esono, to discuss how the country can strengthen its investment environment and the role African Energy Week will play in securing new capital for Equatorial Guinean energy projects.
Panoro Energy sets terms for block off Equatorial Guinea
OSLO, April 4, 2024 – Oslo-listed Panoro Energy has reached an agreement with the government of Equatorial Guinea on the key terms and conditions for the award of offshore Block EG-23, the company announced on Thursday. Block EG-23 is located north of Bioko Island and adjacent to the producing Alba gas and condensate field. It covers a surface of approximately 600 square
Equatorial Guinea
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 Panoro Energy secures rig for Equatorial Guinea campaign. Equatorial Guinea - April 24,
Equatorial Guinea
Equatorial Guinea, [a] officially the Republic of Equatorial Guinea, [b] is a country on the west coast of Central Africa, with an area of 28,000 square kilometres (11,000 sq mi).Formerly the colony of Spanish Guinea, its post-independence name refers to its location near both the Equator and in the African region of Guinea.As of 2024, the country had a population of 1,795,834, [7]
Maximising Equatorial Guinea''s hydrocarbon industry
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
Overview | Equatorial Guinea
The Ceiba field and Okume complex are located in the Gulf of Guinea, in water depths ranging from 50m to 800m. Trident is the operator of the Block G producing-fields, while Kosmos operates the surrounding exploration acreage: Block S, Block W and Block EG-21.
Equatorial Guinea, Nigeria Sign Gulf of Guinea Gas Pipeline
Specifically, energy producer Marathon Oil Corp. and energy major Chevron signed an agreement in 2023 with Equatorial Guinea to advance the next stages of the GMH. The first phase was completed in 2021 with the tie-back of the Alen field to the facility, with first gas achieved that same year.
Equatorial Guinea Energy Information
Equatorial Guinea Total Energy Consumption. Energy consumption per capita is almost 2.1 toe, including 850 kWh of electricity (2022). Following a decrease in 2019, total energy consumption has increased significantly over the last few years (around 19%/year), reaching 3.5 Mtoe in 2022. Notably, there was a ten-fold increase in consumption from
Equatorial Guinea: Small-scale LNG terminal planned for mainland
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 the
News Centre | Equatorial Guinea | African Energy
Gabriel leaves energy ministry helm to take over Equatorial Guinea''s finances. Equatorial Guinea. Resources, Strategy & risk. In depth. Selected Projects in Equatorial Guinea. Sendje Hydro. 200MW | State owned Equatorial Guinea. Annobon Island Solar PV, Diesel, Battery
Equatorial Guinea: Panoro Energy Kickstarts Block G
UK-based global independent exploration and production company Panoro Energy has launched a three-well drilling campaign in Block G in the Equatorial Guinea.. Drilling has begum on a new infill well, set to be
Equatorial Guinea: Solar microgrid for Annobon Island | African Energy
The government has contracted US company MAECI Solar, in collaboration with GE Power & Water and Princeton Power Systems, to install a 5MW solar microgrid system on Annobon Island. The microgrid will provide electricity for the island''s 5,000 residents using GE''s battery-based energy storage system, which is designed to withstand the high temperatures on
Who Pressed Pause? How Stalled Negotiations Can Keep Equatorial Guinea
Will Equatorial Guinea fulfil its promise as a gas "mega hub," or will stalled negotiations turn what should be a national economic boon into a missed opportunity? The answer depends largely on how quickly the country can nail down gas supply agreements from Nigeria and Cameroon. Right now, things don''t seem to be moving nearly fast enough. Will
Okume | Equatorial Guinea
The development plan for the Okume, Oveng and Elon fields was approved in 2004 and first production was achieved in late 2006. Peak oil production of 81kbopd was achieved in 2010 and to date the Okume Complex has produced approximately 205MMbbls.
The Vital Necessity of Stopping Oil Production Decline in Equatorial Guinea
The influx of multinationals (oil majors) in Equatorial Guinea''s energy sector was due to the attractiveness of the fiscal terms and the prospectivity that the country offered for foreign direct investment (FDI) compared to other countries in the region; so much so that the nation occupied the third place among Sub-Saharan African oil-producing countries in for many
Resumo | Guiné Equatorial
O plano da Trident Energy na Guiné Equatorial não apenas gerou ganhos iniciais, mas também contempla anos de aumentos futuros de produção, eficazes em termos de custos. Panorama. Ceiba. Encontrado em 1999 pela Triton Energy; 2000: Primeiro barril oriundo de instalações submarinas produzido através da FPSO Sendje Ceiba;
Equatorial Guinea Trident Energy finally picks up its first blocks
4 天之前· Contrary to the first version of this article, published in the latest issue 803 of Africa Energy Intelligence sent out this morning, October 24, Trident Energy, headed by former Perenco executives, Jean-Michel Jacoulot and Eric Descourtieux, has succeeded in securing its a foothold in Equatorial Guinea.Trident Energy will take up 40% of the assets held until now by Hess on
Equatorial Guinea | Atlas Oranto
Overview Benin Equatorial Guinea Ghana Liberia Namibia Nigeria São Tomé and Príncipe / JDZ Senegal South Sudan Uganda Zambia. Block EG-02. The initial interpretation report of a seismic survey on Block EG-02 has defined prospects in the block that bear similarities to discoveries in Blocks I and O in the Douala Basin.
Alen Gas Monetisation Project, Gulf of Guinea, Equatorial
Alen Gas Monetisation Project. The Alen gas monetisation project, located offshore Equatorial Guinea, produced the first gas in February 2021. Noble Energy, which was acquired by Chevron in October 2020, is the operator of the Alen natural gas development project.
Equatorial Guinea eyes $2 billion in financing from Trafigura
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
Chevron signs on to explore two blocks off Equatorial Guinea
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 is
ENERGY PROFILE Equatorial Guinea
ENERGY PROFILE Total Energy Supply (TES) 2016 2021 Non-renewable (TJ) 117 459 117 583 Renewable (TJ) 4 542 4 540 Total (TJ) 122 001 122 123 Equatorial Guinea COUNTRY INDICATORS AND SDGS TOTAL ENERGY SUPPLY (TES) Total energy supply in 2021 Renewable energy supply in 2021 12% 84% 4% Oil Gas Nuclear Coal + others Renewables
6 FAQs about [Equatorial Guinea orkan energy]
Why is energy in Equatorial Guinea declining?
Energy in Equatorial Guinea is an industry with plenty of potential, especially in the fields of oil and natural gas. However, production has been declining in recent years due to under-investment and lack of new discoveries. In 2022, the country produced less than 100,000 barrels of oil per day (bopd) according to OPEC data.
How much oil does Equatorial Guinea produce a day?
In 2022, the country produced less than 100,000 barrels of oil per day (bopd) according to OPEC data. Electricity consumption in Equatorial Guinea in 2015 was 36 kilotonnes of oil equivalent (ktoe). The country produces all of the energy it consumes.
How much energy does Equatorial Guinea use?
Electricity consumption in Equatorial Guinea in 2015 was 36 kilotonnes of oil equivalent (ktoe). The country produces all of the energy it consumes. As of 2012, renewable energy accounted for 29.2% of the final energy mix.
What are the risk factors affecting Equatorial Guinea's oil and gas industry?
In addition, there are risk factors such as the Russian-Ukraine war, China-U.S. tensions and a global recession which we are closely looking at and wanting to avoid their negative impacts on the global oil market. What are the most important developments for Equatorial Guinea’s oil and gas industry in the last 12 months?
Is biomass a source of electricity in Equatorial Guinea?
Traditional biomass – the burning of charcoal, crop waste, and other organic matter – is not included. This can be an important source in lower-income settings. Equatorial Guinea: How much of the country’s electricity comes from nuclear power? Nuclear power – alongside renewables – is a low-carbon source of electricity.
When did Equatorial Guinea start producing oil?
The country began oil production in the late 1990s and began LNG exports in 2007. Get updates on the IEA’s latest news, analysis, data and events delivered twice monthly. 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.