Oslo-listed oil and gas company Panoro Energy has reached an agreement with the Government of Equatorial Guinea on the key terms and conditions for the award of offshore Block EG-23.
Marathon Oil Corp. (MRO) said that through its wholly-owned subsidiaries it has reached a five-year firm LNG sales agreement with Glencore Energy UK Ltd, a subsidiary of Glencore Plc (GLEN), for a portion of its equity natural gas produced from the Alba Field (Alba Unit, MRO 64% working interest) in Equatorial Guinea, effective January 1, 2024.
Equatorial Guinea, a small West African nation, has been making strides in recent years to develop its energy market. With vast reserves of oil and natural gas, the country has become a significant player in the global energy landscape. However, as the world moves towards a more sustainable future, Equatorial Guinea must also adapt and explore the potential of energy efficiency in its energy market.
Natural gas has emerged as a significant player in the global energy market, and Equatorial Guinea is no exception.
The Oil and Gas sector is a major industry in the energy market and plays an influential role in the global economy as the world’s primary fuel source. The industry has recognized Africa’s potential and continues to create platforms for the advancement of the continent’s energy industry.