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CHANNEL EQUATORIAL GUINEA

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Oil 13/11/2018

Gabriel Obiang Lima cracks down on TechnipFMC and Schlumberger

The minister has toughened up and taken action against the two oil services giants TechnipFMC and Schlumberger. [...]

Electricity 13/11/2018

Pro-Russia Ukrainian mystery firm Duglas Alliance well received in Malabo

The only project unknown firm Duglas Alliance, which has close ties to a former pro-Russia Ukrainian minister of energy, appears to have on the go is the Sendje mega dam. [...]

Business circles 31/10/2018

French expertise deployed in Chad

A delegation from the French agency for technical cooperation, Expertise [...]

Corridors of power 30/10/2018

President scion Gabriel Obiang to ease throttle on Fortuna project operated by ophir

According to our sources, Equatorial Guinean petroleum minister Gabriel Obiang [...]

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Spotlight Business circles 17/10/2018

Vladimir Putin has been lobbying for Russian businesses during Ali Bongo's visit in Moscow in July.

Moscow's mission creep

Although the security and extractive sectors were its first port of call in francophone Africa, in particular in late 2017, post-Soviet Russia is intending in the very near future to diversify its activities by branching out into other sectors. Energy, [...]

Business circles 17/10/2018

Ethiopian Airlines swoops on local airlines

The first flight of Tchadia Airlines signals the growing influence of the Ethiopian airline in the sub-region. [...]

Business circles 17/10/2018

Orange consents to a €40 million ‘discount' for Malabo

The lawyer Jean-Charles Tchikaya has been at the forefront of [...]

Gas 16/10/2018

Trading houses want Shell out of the picture

While Shell may have a contract to lift LNG until 2020 there are several candidates lining up to take its place in Malabo. [...]

Breaking news 10/10/2018

Exclusive. How Malabo settled its dispute with Orange

Equatorial Guinea and Orange have settled their dispute after the state agreed to pay the French telecommunications group an additional [...]

Spotlight Corridors of power 03/10/2018

The young guard invades the corridors of power

As their long-standing allies enter their dotage, African heads of state are turning to a new generation of highly qualified pretenders who are colonising the presidential palaces and forging their own networks. An exposé of the inner circles of tomorrow. The [...]

Corridors of power 02/10/2018

Ophir allows cloud to thicken dangerously around fortuna

According to our sources, the interim managing director of Ophir [...]

Corridors of power 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, [...]

Oil 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 [...]

Oil 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. [...]

Corridors of power 11/09/2018

CEMAC mining code in final stages before launch

A work group tasked to validate the mining code to [...]

Power brokers 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 [...]

Corridors of power Palace whispers 22/08/2018

‘Teodorin' the golden boy lives it up in Europe

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

Oil 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 [...]

Oil 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. [...]

Business circles 05/06/2018

Ophir's financial tumult sends Schlumberger reeling

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

Gas 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 [...]

Gas 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. [...]

Oil 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 [...]

Power brokers 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 [...]

Gas 20/03/2018

EG-24: who is Ophir Energy negotiating with?

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

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