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What happens to the African Energy Industry if Western Lenders cut off Loans for Fossil Fuel Projects?

By NJ Ayuk A little more than a year ago, in November 2019, the European Investment Bank (EIB) declared its intention to phase out funding for fossil fuels. Specifically, it said … Read More

Equatorial Guinea Makes Advances on 100-Day Mining and Petroleum Milestones

The Ministry of Mines and Hydrocarbons shows progress in gas development and mining exploration. Published by Africa Oil & Power for the MMH. Drilling plans, natural gas downstream investments, cross-border negotiations … Read More

Rosgeo Successfully Completes Geological Mapping in Equatorial Guinea and Moves Forward to Phase 2

A month after it started a historic geological mapping project in Equatorial Guinea’s Rio Muni region, Russia’s state-owned joint stock company Rosgeo has made significant progress and is stepping up … Read More

BEAC must reconsider its new Forex regulation to save jobs in Gabon, Cameroon, Republic of Congo, Equatorial Guinea, Central African Republic and Chad

On March 1st, 2019, a new Foreign Exchange Currency Regulation was adopted by the members of the Economic and Monetary Community of Central Africa states – CEMAC. These member states, … Read More

Equatorial Guinea and Russia Officially Break Ground on their Geological Mapping Project in Río Muni

Last week marked an important step in the energy cooperation between Equatorial Guinea and Russia, as the first team of Russia’s state-owned joint stock company Rosgeo arrived in Equatorial Guinea … Read More

Tullow Oil Provides H1 Operational Update

Production Group working interest production averaged 77,700 bopd in the first half of 2020, in line with expectations. Full year guidance has been updated to reflect recent strong performance in … Read More

Central Africa’s Economic Recovery Must Go Through a Reform of Forex Regulations

By Leoncio Amada NZE The health and economic crisis caused by the Covid-19 pandemic is devastating the productive, economic and financial systems throughout the entire planet: businesses went bankrupt, millions … Read More

Equatorial Guinea: IOCs Warn Over Forex Regulations Imposed by the Bank of Central African States

In order to maintain the engagement with the oil sector of Equatorial Guinea in light of the ongoing crisis of Covid-19 and challenging market conditions, H.E. Gabriel Mbaga Obiang Lima, … Read More

Germany to Ramp Up Investment in African Energy

In an exclusive webinar held on Thursday, “Germany-Africa Economic Relations: Making Deals Post COVID-19,” panelists sought to mobilize German investment into the African energy sector, establishing clean energy and digitalization … Read More

Equatorial Guinea & Cameroon: Chevron’s Entry into Central Africa Could be a Turning Point for Gas Industry

The recently-announced acquisition of Noble Energy by Chevron for $13bn gives the American major an entry into Equatorial Guinea’s oil & gas sector, where Noble Energy has interests in the … Read More

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