Equatorial Guinea is a relative newcomer as an energy producer
Equatorial Guinea advances upstream ambitions
Recent deal with Chevron suggests the country’s upstream sector is gaining momentum
Chevron signed an agreement in December for a promising exploration block off the coast of Equatorial Guinea near the Cameroonian border. The US major now holds 80pc of block EG-09 in the Douala Basin and state-owned Gepetrol the remaining 20pc. The acreage was previously explored by South African NOC Petrosa and lies close to recent large discoveries. It sits directly south of block 1, where Chevron already produces oil from the three-year-old Aseng well. Also nearby is the highly lucrative Alen gas and condensate field, which the firm is developing via its subsidiary Noble Energy. The latest exploration agreement signals not only the US major’s growing interest in West Africa, but also the
Also in this section
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
