News Equatorial Guinea Finance: US sends officials to Equatorial Guinea as it tussles with China for influence
Senior US diplomatic and military officials have visited Equatorial Guinea, reportedly to convince it to reject China's plan to build a military base on the Central African nation's Atlantic Coast. Molly Phee, the US assistant secretary of state for African affairs, was hosted by President Teodoro Obiang Nguema Mbasogo on Tuesday "to discuss issues of bilateral interest, how to work together to combat trafficking, and how to address climate change to ensure greater prosperity and security", said
News Equatorial Guinea Finance: Exxon Mobil to Exit Equatorial Guinea
Exxon Mobil Corp said on Thursday it will exit Equatorial Guinea in the second quarter of this year, when the oil major will transfer its remaining investments in the country to the local government. Reuters reported in 2022 that Exxon had decided to leave the country once its licenses expired, amid a larger Africa phase out from legacy crude assets. Exxon's oil output in Equatorial Guinea has been declining over the years and the oil giant has been trying to sell its key asset Zafiro operation since 2020.
News Equatorial Guinea Finance: Chevron seeks to sell Equatorial Guinea oil and gas assets -sources
Chevron is looking to sell its stakes in three oil and gas fields in Equatorial Guinea, hoping a recent rally in energy prices will help attract buyers, three industry sources told Reuters. The U.S. company acquired the assets in the west African country as part of the $13 billion acquisition of Noble Energy in 2020. Chevron has hired investment bank Jefferies to run the sale process which could raise as much as $1 billion, the sources said.
News Equatorial Guinea Finance: Biotechnology Has Come To Stay – Bako
Equatorial Guinea. The Malabo Declaration states that by 2025, no African should go to bed hungry, therefore one of the major strategies to meet the goal is for every country in Africa to commit ...
News Equatorial Guinea Finance: China Changes Gears on the Belt and Road Initiative
The sheer size of many BRI plans has generated growing concern over financial sustainability ... been accused of corruption and collusion with local politicians in Equatorial Guinea, Malaysia and ...
News Equatorial Guinea Finance: Marathon Oil (MRO) to Report Q1 Earnings: What Lies Ahead?
Marathon Oil Corporation MRO is set to report first-quarter 2019 financial results on May ... amid planned turnaround activity in Equatorial Guinea. As such, the Zacks Consensus Estimate for ...
News Equatorial Guinea Finance: Report: NNPC’s Financial Records Insufficient for Govt Oversight
National oil companies such as Cameroon’s Société Nationale des Hydrocarbures, Equatorial Guinea’s GEPetrol and the Nigerian ... do not produce systematic financial information that would enable ...
