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Equatorial Guinea

CEMAC leaders still hopeful operators will reach rehabilitation fund deal

The presidents of the sub-region have given oil and mining operators until April to find common ground with the bloc's central bank on the repatriation of their rehabilitation funds. Until then, negotiation talks will be held on a monthly basis.

Subscribers only Energy 19.12.2024

CEMAC heads of state to discuss Gabon and Congo's debts

Libreville and Brazzaville have strayed from the convergence criteria of the Economic and Monetary Community of Central Africa. The issue will be discussed at an extraordinary summit in Yaoundé next week.

Subscribers only Finance, Diplomacy 13.12.2024

UK's Antler Global firms up its plans for Block EG-08

Talks about the future of Block EG-08 are in full swing at the London headquarters of Antler Global.

Subscribers only Energy 27.11.2024

Teodoro Nguema Obiang Mangue in Pretoria, South Africa, for the inauguration of Cyril Ramaphosa on 25 May 2019. © Michele Spatari/AFP

Vice president Teodorin Obiang's clique gains ground in reshuffle

President Teodoro Obiang Nguema's minor cabinet reshuffle this month, which saw banker Manuel Osa Nsue Nsua take the premiership, boosted his son and heir apparent, Teodorin Obiang Nguema.

Subscribers only Politics 28.08.2024

Bank of Central African States emblem in Libreville, Gabon, in 2019. © Laurent Moreau/Hemis via AFP

Spotlight
BEAC and extractive companies fund repatriation talks enter final straight

The Bank of Central African States has for months been negotiating with mining and oil companies to repatriate part of their revenues from the region. Three days of talks in Paris in July stalled on two sensitive points: interest rates and the question of immunity.

Subscribers only Energy, Commodity traders 23.07.2024

Equatorial Guinea's Vice President Teodoro Nguema Obiang Mangue in New York City on 21 September 2023. © Ed Jones / AFP

Spotlight
Teodorin Obiang Nguema extends power grab of oil and gas sector

After asserting his authority over the hydrocarbons ministry and the state-owned GEPetrol, the vice president has now installed his allies at the helm of Sonagas.

Subscribers only Energy 15.03.2024

State-owned GEPetrol contacts SLB and Halliburton to turn around Zafiro oilfield

Once Equatorial Guinea's largest oilfield in terms of volume produced, Zafiro's throughput is continuing to fall. This has prompted the government to consult several firms to find solutions as quickly as possible.

Subscribers only Energy 11.11.2024

BEAC and extractive industry professionals prolong negotiations on rehabilitation funds

Oil and mining companies operating within CEMAC had undertaken to reach an agreement with the bloc's central bank by 1 January, but are now aiming to do so four months later.

Subscribers only Energy, Mining 05.11.2024

ECCAS in need of CFA 15bn

The Economic Community of Central African States needs to find between €22m and €27m if it is to continue to operate.

Subscribers only Diplomacy 04.11.2024

Teodorin Obiang reinforces his control over the oil sector

Teresa Isabel Nnang Avomo, director of the oil company GEPetrol since February 2023, was replaced on 25 October. The change was prompted by the vice-president's desire to weaken oil minister, Antonio Oburu Ondo.

Subscribers only Energy, Politics 30.10.2024

French court thwarts claim by Malabo's Cypriot creditor

The Cypriot company Chantway Trading Limited, headed by Russian businessman Andrey Borisenko, will not seize Malabo's real estate assets in Paris.

Subscribers only Business 17.09.2024

Kagame prepares for EECAS chairmanship

The Economic Community of Central African States will return to business with an ordinary meeting in Malabo, Equatorial Guinea, on 18 September.

Subscribers only Diplomacy 04.09.2024

BEAC entrance exam scandal: an ongoing headache for new governor

Yvon Sana Bangui, the economist who has headed the Central African States Central Bank since the start of the year, is looking for a solution to the entrance exam controversy that he inherited from his predecessor Abbas Mahamat Tolli.

Subscribers only Business 16.07.2024

Gulf of Guinea naval officers gather in Brest

They have been in France since 12 June for a seminar on bilateral cooperation.

Subscribers only Defence, Diplomacy 14.06.2024

New US ambassador in Malabo revealed

Diplomat Amanda Jacobsen is set to take over as head of the US embassy in Malabo in the coming months, replacing David Gilmour, who has held the post since 2022.

Subscribers only Diplomacy 06.05.2024

Arthur Eze lays down his terms on Vaalco on Venus oil field's 'bloc P'

The influential Nigerian businessman will not contribute to the development costs of the Venus oil field, in which he now holds a 20% stake. All these investments will be borne by the US junior Vaalco until the field comes on stream.

Subscribers only Energy 08.04.2024

Malabo appeals damages award to Marseille-Kliniken

On 16 January Equatorial Guinea lodged an appeal against a US court's 17 November ruling that it must pay $9.3m in damages to Marseille-Kliniken, a German firm that manages private clinics.

Subscribers only Business 23.02.2024

Petrobras looks for further acquisitions in Africa

After an initial investment in São Tomé and Principe, the Brazilian major is planning to take on the role of operator for two offshore blocks in the Gulf of Guinea. And it's not likely to stop there.

Subscribers only Energy 13.02.2024

Teodorin Obiang offers Zafiro and Fortuna fields to ENI

Equatorial Guinean Vice-President Teodorin Obiang Nguema has proposed to ENI that the Italian firm take over the management of the Zafiro offshore oil field and of the Fortuna gas field.

Subscribers only Energy 08.02.2024

Lisbon seeks to thaw diplomatic relations with Malabo

Portugal had tried to stop Equatorial Guinea joining the CPLP club of Portuguese-speaking countries, but now hopes to improve relations with Malabo, and has appointed its first ever ambassador to the Spanish-speaking state.

Subscribers only Diplomacy 25.01.2024

Portuguese president Marcelo Rebelo de Sousa.

Teodorin puts finishing touches to ExxonMobil's departure

The US major is selling off all its assets to the Equatorial Guinean government, which is in the process of selecting its future oil partners.

Subscribers only Energy 15.12.2023

Equatorial Guinean vice-president Teodorin Obiang Nguema in Ankara, Turkey, in June 2023.

Lukashenko selects intriguing team for his African tour

On his visit to Equatorial Guinea and then Kenya, the Belarusian leader was accompanied by certain figures without an obvious connection to the stated goal of his trip, namely agriculture and healthcare.

Subscribers only Diplomacy 15.12.2023

Spotlight
Obiang tussles with Oligui Nguema over relocation of ECCAS HQ

The move to Malabo, initially scheduled for December and January, is causing a stir within the sub-regional body. The president of Equatorial Guinea, Teodoro Obiang Nguema is keen to host the bloc's headquarters, much to the displeasure of his transitional counterpart in Gabon, Brice Clotaire Oligui Nguema.

Subscribers only Diplomacy 13.12.2023

Transitional President of Gabon General Brice Clotaire Oligui Nguema, at COP28 in Dubai on 1 December 2023.

Cypriot creditor sets sights on Malabo's Parisian real estate

A French court has confirmed the seizure of three buildings belonging to Equatorial Guinea on behalf of Chantway Trading. The property targeted by the Cyprus-based company owned by a Russian businesswoman, includes 42 Avenue Foch, which houses the Equatorial Guinean embassy.

Subscribers only Business 13.12.2023

Indian bank Blend Finance's big CEMAC promise

The Dubai-based Indian bank has pledged to raise €5.6bn from Emirati financial institutions in support of the Economic and Monetary Community of Central Africa, while multilateral donors remain reserved.

Subscribers only Business, Diplomacy 06.12.2023

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Guns and oil drive Russia's Dakar courtship

Equatorial Guinea

CEMAC leaders still hopeful operators will reach rehabilitation fund deal

CEMAC heads of state to discuss Gabon and Congo's debts

UK's Antler Global firms up its plans for Block EG-08

Vice president Teodorin Obiang's clique gains ground in reshuffle

Spotlight
BEAC and extractive companies fund repatriation talks enter final straight

Spotlight
Teodorin Obiang Nguema extends power grab of oil and gas sector

State-owned GEPetrol contacts SLB and Halliburton to turn around Zafiro oilfield

BEAC and extractive industry professionals prolong negotiations on rehabilitation funds

ECCAS in need of CFA 15bn

Teodorin Obiang reinforces his control over the oil sector

French court thwarts claim by Malabo's Cypriot creditor

Kagame prepares for EECAS chairmanship

BEAC entrance exam scandal: an ongoing headache for new governor

Gulf of Guinea naval officers gather in Brest

New US ambassador in Malabo revealed

Arthur Eze lays down his terms on Vaalco on Venus oil field's 'bloc P'

Malabo appeals damages award to Marseille-Kliniken

Petrobras looks for further acquisitions in Africa

Teodorin Obiang offers Zafiro and Fortuna fields to ENI

Lisbon seeks to thaw diplomatic relations with Malabo

Teodorin puts finishing touches to ExxonMobil's departure

Lukashenko selects intriguing team for his African tour

Spotlight
Obiang tussles with Oligui Nguema over relocation of ECCAS HQ

Cypriot creditor sets sights on Malabo's Parisian real estate

Indian bank Blend Finance's big CEMAC promise

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About Africa Intelligence

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Indigo Publications' websites

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Equatorial Guinea

CEMAC leaders still hopeful operators will reach rehabilitation fund deal

CEMAC heads of state to discuss Gabon and Congo's debts

UK's Antler Global firms up its plans for Block EG-08

Vice president Teodorin Obiang's clique gains ground in reshuffle

Spotlight BEAC and extractive companies fund repatriation talks enter final straight

Spotlight Teodorin Obiang Nguema extends power grab of oil and gas sector

State-owned GEPetrol contacts SLB and Halliburton to turn around Zafiro oilfield

BEAC and extractive industry professionals prolong negotiations on rehabilitation funds

ECCAS in need of CFA 15bn

Teodorin Obiang reinforces his control over the oil sector

French court thwarts claim by Malabo's Cypriot creditor

Kagame prepares for EECAS chairmanship

BEAC entrance exam scandal: an ongoing headache for new governor

Gulf of Guinea naval officers gather in Brest

New US ambassador in Malabo revealed

Arthur Eze lays down his terms on Vaalco on Venus oil field's 'bloc P'

Malabo appeals damages award to Marseille-Kliniken

Petrobras looks for further acquisitions in Africa

Teodorin Obiang offers Zafiro and Fortuna fields to ENI

Lisbon seeks to thaw diplomatic relations with Malabo

Teodorin puts finishing touches to ExxonMobil's departure

Lukashenko selects intriguing team for his African tour

Spotlight Obiang tussles with Oligui Nguema over relocation of ECCAS HQ

Cypriot creditor sets sights on Malabo's Parisian real estate

Indian bank Blend Finance's big CEMAC promise

Create a notification

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

Spotlight
BEAC and extractive companies fund repatriation talks enter final straight

Spotlight
Teodorin Obiang Nguema extends power grab of oil and gas sector

Spotlight
Obiang tussles with Oligui Nguema over relocation of ECCAS HQ