South Sudan signed a Memorandum of Cooperation (MoC) with Equatorial Guinea to regulate the oil and gas relationships between the two African countries.
The Ministry of Mines and Hydrocarbons of Equatorial Guinea has announced that it has submitted its interest to join the Organization of Petroleum Exporting Countries (OPEC) in 2017.
London-based Ophir Energy said its Fortuna FLNG project in Equatorial Guinea is “firmly on schedule” for a final investment decision (FID) in the first half of 2017.
Equatorial Guinea and Sao Tome have resumed talks on planned creation of a partnership for oil exploration in the existing maritime boundary between the two countries.