Equatorial Guinea Outlines a Path Towards Oil & Gas Industry s Road to Recovery - Energy Industry Today einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
Like the rest of African petroleum producers, Equatorial Guinea has been through a year like no other. The travel restrictions imposed by the Covid-19 pandemic, coupled with a historic crash of oil prices, have sent its hydrocarbons industry in a deep crisis of uncertainty. However, the country’s industry has proved resilient and a strong dialogue between government authorities and companies has already laid the basis of a recovery in 2021.
The first positive signal comes from the latest investment expectations coming out of the evaluation of 2021 work and budget programs from upstream operators. They include over $1.1bn of investment forecast: $832.4m of investment commitment and $370m of contingent investment. Such figures are extremely encouraging for the upstream sector in the Gulf of Guinea and will inevitably result in an increase of oil & gas production from Equatorial Guinea next year. 2020 already managed to maintain production around 282,700 boepd, including 115,250 bopd
part of the world. they see syria as access to the mediterranean, sitting on the eastern shore of the mediterranean and they are interested in offshore gas off cyprus and greece. they want the navy to go in and out of there, et cetera. the basic position is like the chinese, they are completely opposed to intervention in the internal affairs of sovereign states. that s why they are grouped together as the shanghai cooperation organization. putin personally after he was his diplomats were tricked and deceived about libya where nato was allegedly just going to protect the population of benghazi and it somehow inded up with gadhafi being murdered. they are digging their heels in with assad. the other plus point for them, is that whereas the united
administration has approved dozens of pipelines, including from canada. we opened millions of acres from oil and gas exploration. we plan to make available more than 75% of our potential offshore gas and oil resources from alaska to the gulf of mexico. last week we announced the next steps toward further energy exploration. earlier this week we joined mexico that we ll make more than 1.5 million acres in the gulf available for exploration and production which contained 172 million barrels of oil and natural gas. we re focused on production. that s not the issue. we ll keep on producing more home grown energy. here is thing. it s not enough. the amount of oil that we drill at home doesn t set the price of
had tended to in some ways be destructive. reporte newt gingrich for the hour. the piers morgan interview starts now. good evening. the eyes of the political world are on south carolina, the republican primary is just days away and the candidates are swarming all over the state. but here s something you may not know about one of them, newt gingrich. the man has an absolute passion for animals and zoos. so he invited us here to south carolina s roper mountain science center. it s dog eat dog out on that campaign trail, but all the while, things in here seem pretty peaceful to me so far, with the exception, possibly, of newt gingrich. why here? it s fun. it s interesting. it gets you back to nature. it reminds you of the world that we live in and of the fact that life is bigger than us. last time i talked to you, i said, you must be in the most memorable moment of your life. and you actually, instinctively, cited being in the african bush and seeing the wild animals a