Latest news with #EquatorialGuinea
Zawya
4 days ago
- Business
- Zawya
Equatorial Guinea's Golden Swan Sets Regional Benchmark for Greener Oil and Gas Practices
The African Energy Chamber (AEC) ( proudly supports the recent visit of Gabonese President Brice Oligui Nguema to Equatorial Guinea's Golden Swan industrial complex, marking a defining moment for Africa's oil and gas sector. As the continent intensifies efforts to industrialize responsibly, Golden Swan – and Equatorial Guinea, under the leadership of President Teodoro Obiang Nguema Mbasogo, whose commitment to sustainable development and environmental stewardship has been instrumental – is demonstrating that environmental protection and energy development can and must go hand in hand. During the visit, President Oligui Nguema and his delegation witnessed first-hand how Equatorial Guinea has achieved self-sufficiency in treating industrial and hazardous waste. Golden Swan's advanced infrastructure includes industrial incinerators, a wastewater treatment plant, a medical waste processing unit and recycling systems for waste oil, plastics, batteries and metals. Presentations showcased the company's household waste system, which reduces landfill use by up to 90% through sorting and recycling, and its production of critical industrial gases like medical oxygen and nitrogen. The Golden Swan model directly addresses one of the most pressing challenges facing Africa's hydrocarbons sector: the management of hazardous and industrial waste generated by upstream and downstream operations. By achieving self-sufficiency in this area, Equatorial Guinea not only protects its ecosystems and communities, but also strengthens its position as a responsible, forward-looking energy producer. The AEC believes that facilities like Golden Swan can serve as blueprints for governments and companies aiming to build energy industries that are both profitable and sustainable. The visit also sets the stage for tangible collaboration between Gabon and Equatorial Guinea, beyond high-level dialogue. Opportunities now exist for technical cooperation, joint ventures and knowledge sharing that could see similar waste management infrastructure developed across the region. The Chamber encourages both governments to formalize this cooperation and take decisive steps to turn this vision into reality. 'This is a defining example of how African oil and gas producers can lead on environmental issues rather than follow,' said NJ Ayuk, Executive Chairman of the African Energy Chamber. 'Golden Swan shows what is possible when governments and industry come together with a clear purpose. It sets the bar higher, and it invites others on the continent to match or exceed that standard. This is good for our industry, good for our people, and good for Africa's future.' Golden Swan's success underscores a broader truth: Africa's energy sector can drive industrialization while respecting the environment. As more nations follow this path, the continent will be better positioned to attract investment, create jobs and ensure long-term sustainability. The AEC welcomes this milestone and encourages all oil and gas stakeholders to build on Golden Swan's example by innovating, collaborating and driving Africa's growth while protecting its natural heritage. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
4 days ago
- Business
- Zawya
Trident Energy Steps Up Regional Activity with Chief Executive Officer (CEO) to Speak at African Energy Week (AEW) 2025
Jean-Michel Jacoulot, CEO of Trident Energy, has been confirmed to speak at African Energy Week (AEW) 2025: Invest in African Energies, taking place in Cape Town from September 29-October 3. Amid a period of dynamic expansion and production growth, Trident Energy continues to strengthen its position as a leading independent operator in Africa, with recent milestones in the Republic of Congo and Equatorial Guinea. The company recently reinforced its position as a leading independent player with major upstream acquisitions in the Republic of Congo. In 2024, Trident acquired a 31.5% non-operating stake in the Moho-Bilondo, Nkossa and Nsoko II fields from Chevron, alongside a 15.75% operating interest in the Lianzi field. This was followed by the acquisition of an additional 53.5% working interest in the Nkossa and Nsoko II fields from TotalEnergies, bringing Trident's total stake to 85% and securing operatorship. These developments mark a turning point for Congo's offshore sector. With operatorship now in hand, Trident has committed to ramping up production, optimizing existing infrastructure and driving reinvestment into these critical assets. The company is also advancing the Nkossa Gas Project – a major initiative centered on substantial gas potential to be monetized via FLNG – while actively assessing additional opportunities and partnerships that support its long-term growth strategy in the country. 'Trident Energy is making bold moves that show what is possible when experienced leadership and technical expertise meet Africa's energy potential,' said NJ Ayuk, Executive Chairman of the African Energy Chamber. 'Their expansion in Congo is exactly the kind of strategic investment African markets need, and we look forward to hearing Jean-Michel Jacoulot's vision at AEW 2025.' In Equatorial Guinea, Trident continues to deliver on its commitment to enhance long-term production. In late 2024, the company brought online the C-45 infill well at the Ceiba Field and Okume Complex – a milestone in its multi-phase development plan for offshore Block G. The next phase involves drilling the Akeng Deep ILX well in Block S, which is currently underway, with further discoveries targeted over the next three years. Trident is also making significant investments to reduce gas flaring in the country and is exploring additional prospects, including potential opportunities extending from Angola along the West African coast. AEW 2025 will serve as the premier platform for African and international stakeholders to connect, forge new deals and accelerate the continent's energy future. As Trident Energy expands its footprint across West and Central Africa, Jacoulot's participation will shed light on how upstream independents are driving value, resilience and growth in African oil and gas markets. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Distributed by APO Group on behalf of African Energy Chamber.
BBC News
10-06-2025
- Politics
- BBC News
Africa Daily Focus on Africa: Russia's Wagner Group leaves Mali
Russia says the paramilitary group Wagner has accomplished its mission and has left Mali, although a Russian presence remains in the West African country, through the Africa Corps. So what did the Wagner Group achieve? Why has a separatist movement on the tiny, remote island of Annobón that is part of Equatorial Guinea, appealed to Argentina for support with its independence claim? And new research shows that Africa now has more Christians than any other continent, surpassing Europe for the first time. We discuss what is driving that growth. Presenter: Audrey Brown Producers: Tom Kavanagh, Alfonso Daniels, Nyasha Michelle, Victor Sylver and Joseph Keen Technical Producer: Craig Kingham Senior Producer: Patricia Whitehorne Editors: Alice Muthengi and Andre Lombard
BBC News
10-06-2025
- Politics
- BBC News
Focus on Africa Russia's Wagner Group leaves Mali
Russia says the paramilitary group Wagner has accomplished its mission and has left Mali, although a Russian presence remains in the West African country, through the Africa Corps. So what did the Wagner Group achieve? Why has a separatist movement on the tiny, remote island of Annobón that is part of Equatorial Guinea, appealed to Argentina for support with its independence claim? And new research shows that Africa now has more Christians than any other continent, surpassing Europe for the first time. We discuss what is driving that growth. Presenter: Audrey Brown Producers: Tom Kavanagh, Alfonso Daniels, Nyasha Michelle, Victor Sylver and Joseph Keen Technical Producer: Craig Kingham Senior Producer: Patricia Whitehorne Editors: Alice Muthengi and Andre Lombard
Zawya
09-06-2025
- Business
- Zawya
African Union's 50th Permanent Representatives' Committee Session Begins, Setting Stage for Key Continental Priorities
The 50th Ordinary Session of the Permanent Representatives' Committee (PRC) kicked off on 9 June 2025, ahead of the 47th Ordinary Session of the Executive Council and the 7th Mid-Year Coordination Meeting (MYCM) between the African Union, the Regional Economic Communities and the Regional Mechanisms, scheduled to take place on 10- 13 July 2025, in Malabo, Equatorial Guinea. In her opening remarks delivered on behalf of AU Commission Chairperson H.E. Mahmoud Ali Youssouf, Deputy Chairperson H.E. Selma Malika Haddadi emphasized the new leadership's dedication to enhancing collaboration with Member States, Regional Economic Communities (RECs), and partners to propel Africa's integration, peace, and development forward. 'Our collective resolve must translate into tangible progress—on financing, integration, and justice. Africa's future depends on it,' stated H.E. Haddadi. Amb. Haddadi underscored the new AUC leadership's key priorities, which include: Enhanced Coordination and Efficiency: The AU Commission (AUC) aims to streamline workflows, align strategic priorities with Agenda 2063, and improve synergies between AU organs. A proposed PRC-AUC retreat later this year aims to foster deeper dialogue on institutional reforms. Financial Sustainability: Amb. Haddadi emphasized the urgent need to address the AU's budgetary constraints, noting that only 17 Member States have implemented the 0.2% import levy (Kigali Decision). She called for collective action to meet the Johannesburg targets and reduce reliance on external funding. Justice and Reparations: The 2025 AU theme, Justice and Reparations for Africans and People of African Descent, was emphasized as a cornerstone for addressing historical injustices and restoring dignity through global advocacy and policy action. Upcoming Engagements: The AUC will actively support high-level meetings, including the Ministerial Meeting on China-Africa Cooperation (FOCAC), the Tokyo International Conference on African Development (TICAD) Summit, to advance continental priorities. The AUC Deputy Chairperson noted that the PRC will discuss key issues, among which are: the Report of the sub-committee on budget that includes the 2026 budget of the Union; Partnerships and the need to develop a strategy for all partnerships; and the Mid-term evaluation of the theme of the year 2025. H.E. Selma Malika Haddadi concluded by reaffirming the AUC's unwavering support for the PRC's work and urged fruitful deliberations ahead of the July Executive Council meeting. On his part, H.E. Amb. Prof. Miguel Bembe, Ambassador of the Republic of Angola to Ethiopia and Permanent Representative to the African Union and Chairperson of the Permanent Representatives' Committee, in his opening speech, emphasized that the Permanent Representatives' Committee represents one of the strong pillars of the African Union and the guardian of political and technical consistency between high-level decision-making and the everyday realities of implementation in our Member States. 'It is our responsibility to ensure that processes are transparent, that methods are effective, and that outcomes reflect the spirit of Agenda 2063, 'The Africa We Want.' Our collective action must be guided by visionary pragmatism—one that addresses the urgencies of the present while courageously projecting solutions for the future,' said H.E. Amb. Prof. Miguel Bembe. The official opening ceremony of the 50th Ordinary Session of the PRC was attended by the Deputy Chairperson of the Commission, the AU Commissioners, and Representatives from AU Organs and AU officials. The ambassadors will deliberate on different reports including: the activities of the PRC Sub-Committees; Reports of the AU Commission; the mid-term activity report of the theme of the year 2025 on Justice and Reparations for Africans and People of African Descent, and other reports from AU Organs and the AU Specialized Agencies, before adopting their report as well as the draft decisions of the 47th Ordinary Session of the Executive Council. Distributed by APO Group on behalf of African Union (AU).
