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Equatorial Guinea to open its 2026 oil and gas licensing round in April...
30 Sep, 2025 09:07 135 min read
Equatorial Guinea will launch a new oil and gas licensing round in April 2026, offering 24 blocks to counter its steep production decline from 241,000 b/d in 2010 to just 55,000 b/d in 2023. In a related move to bolster its gas sector, the government has agreed on terms with Chevron's Noble Energy to develop the Aseng gas project, involving an initial investment of $690 million. This supports the country's strategy to become a regional gas hub, which also includes a joint pipeline with Nigeria and the development of a major $4.5 billion LNG project.... More