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CHANNEL EQUATORIAL GUINEA

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19/09/2018

Rocky times ahead with Brazil Free

Searched on 14 September by the border control police at the airport of Sao Paulo, where he had just landed, [...]

18/09/2018

EG Ronda 2016: politics puts process on hold

While Equatorial Guinean oil minister Gabriel Obiang Lima has announced a new tender for early 2019, the last round of [...]

18/09/2018

Technip-Subsea 7- Schlumberger cornered by G. Obiang

Though so far little applied, the rules that require oil services firms to have local partners have become a government hobby horse. [...]

04/09/2018

Jacinto Owono, the new local content bête noire for oil firms

Jacinto Owono, the former PanAtlantic general manager for Equatorial Guinea who first cut his teeth with Hess Corp, has now [...]

22/08/2018

‘Teodorin' the golden boy lives it up in Europe

Despite receiving a three-year suspended sentence and a fine of [...]

17/07/2018

Family tensions with Obiang clan force Total to take the long road

Although its talks over the acquisition of two exploration blocks [...]

19/06/2018

Total fires up Gabriel/Teodorin Obiang rivalry

Negotiations with the French major have stoked the flames of the Obiang vs. Obiang conflict. [...]

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05/06/2018

Ophir's financial tumult sends Schlumberger reeling

Following Ophir's failure to secure funds to develop Fortuna, Schlumberger jumps ship. [...]

22/05/2018

How Ophir's woes got the better of Nick Cooper

British junior Ophir Energy, which is particularly active in Equatorial Guinea, Tanzania and the Ivory Coast, has been hit with [...]

24/04/2018

Fortuna: Chinese financiers rock Ophir's boat

The junior has been pushing back and pushing back its final investment decision on Fortuna. Here's why. [...]

03/04/2018

Gabriel Obiang Lima in seduction mode in Abu Dhabi

Frustrated with the recent wait-and-see approach taken by American firms active in Equatorial Guinea over the past two decades in [...]

03/04/2018

Antonio Oburu mysteriously reappears at GEPetrol

According to our sources, the chief executive of Equatorial Guinean state-run firm GEPetrol, Antonio Oburu, returned to his desk in [...]

20/03/2018

EG-24: who is Ophir Energy negotiating with?

British firm Ophir Energy is on the verge of finalising [...]

20/03/2018

Vice president Teodorino Nguema Obiang, the bee in IMF's bonnet

Much the same as the Congo-B (see here), Equatorial Guinea [...]

07/03/2018

Obiang Nguema runs roughshod over the opposition Free

As usual after reports of an umpteenth attempted coup (the most recent dating back to late December), the Equatorial Guinean [...]

06/03/2018

Marathon sells its assets to Total bit by bit

The American independent energy firm neglects its producing African blocks to focus on its North American portfolio. [...]

02/03/2018

The army sells its services to boost the state coffers

According to information obtained by the Indian Ocean Newsletter, the [...]

20/02/2018

Noble fears for the security of its transborder deposits

As American firm Noble Energy sits poised to start up talks over the unitisation of its Yolanda (block 2 in [...]

20/02/2018

Total getting under Gabriel Obiang's nose

The French major has been dilly-dallying about investing in E&P, to the point of getting on the government's nerves. [...]

07/02/2018

The murky ‘putsch' against Obiang bolsters relations with Biya

The alleged coup attempt against the president of Equatorial Guinea has strained relations with N'Djamena, while strengthening ties with Yaounde. [...]

23/01/2018

Fortuna: who is Ophir's mystery Chinese partner?

AEI revealed the name of the Chinese financial institution that has been negotiating with Ophir to develop the LNG project. [...]

Spotlight 09/01/2018

Headless GEPetrol encircled by political and family networks

Equatorial Guinean state oil firm GEPetrol has been treading water since managing director Antonio Engonga Oburu, a close friend of president Teodoro Obiang Nguema, unexpectedly resigned (AEI 805). With the top post still vacant, the state company's various departments are [...]

05/12/2017

Consultants and lawyers already winning in Aziz vs Bouamatou war

Exclusive: The financial acrobatics of a government walking a tightrope

A new generation of Karana businessmen are taking over the reins

President Filipe Nyusi’s northern allies on the look-out for good deals