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
18 February 2026
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
