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EQUATORIAL GUINEA

Trident bids again for ExxonMobil's Zafiro as Savannah lies in wait

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“The oil companies' quiet retreat from the Gulf of Guinea”

GULF OF GUINEA

The oil companies' quiet retreat from the Gulf of Guinea

Long considered an oil Eldorado thanks to the presence within the region of Africa's two leading oil producers, Nigeria and Angola, the Gulf of Guinea is declining. The inexorable rundown in its output -few if any new discoveries have been made recently in Gabon, Cameroon or Equatorial Guinea - and the fall in oil prices brought about by the Covid-19 pandemic have speeded up the retreat from the region in which the oil majors have been engaged for some years already. [...]

Equatorial Guinea's largest oilfield, Zafiro, has been on sale for nearly three years and continues to attract the attention of junior players, despite some of these being repeatedly rejected in Malabo. [...] (349 words)

Published on 17/02/2022 at 05:00 GMT Reading time 2 minutes

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Energy

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EQUATORIAL GUINEA
Andrew Knott
China National Petroleum Corp
ExxonMobil
Jean-Michel Jacoulot
Jefferies
Kosmos Energy
Perenco
Petronas
Savannah Energy
Seven Energy
Teodorin Obiang Nguema
Teodoro Obiang Nguema
Trident Energy

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EQUATORIAL GUINEA Energy Politics 30/06/2022

Malabo's lawyers study next step in ill-gotten gains affair

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The private mansion at 42 avenue Foch, in Paris.

NIGERIA Energy 17/03/2022

ExxonMobil's deal with Seplat hangs upon summit meeting

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Savannah Energy sets up dream team for Exxonmobil and Petronas takeover

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EQUATORIAL GUINEA Energy 16/02/2022

Vaalco eyes Chevron and ExxonMobil's assets

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CHAD SOUTH SUDAN Energy 24/12/2021

Jefferies devotes itself to facilitating withdrawal of Petronas from Africa

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EQUATORIAL GUINEA Energy 11/11/2021

Gabriel Obiang hopes to win oil companies back with new legislation

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EQUATORIAL GUINEA Energy 29/10/2021

Trident Energy counts on new execs to improve relations with Gabriel Obiang

The junior energy company Trident, owned by the private equity firm Warburg Pincus, is seeking to improve its strained relations with the Equatorial Guinean government, and its legal director in Malabo is currently courting the oil ministry.

Set up email notifications for these topics

EQUATORIAL GUINEA
Andrew Knott
China National Petroleum Corp
ExxonMobil
Jean-Michel Jacoulot
Jefferies
Kosmos Energy
Perenco
Petronas
Savannah Energy
Seven Energy
Teodorin Obiang Nguema
Teodoro Obiang Nguema
Trident Energy

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Trident bids again for ExxonMobil's Zafiro as Savannah lies in wait