Source: Ministry of Mines and Hydrocarbons, Equatorial Guinea |

Equatorial Guinea takes decisive step toward joining the Extractive Industry Transparency Initiative

The endorsement follows a decade of efforts by Equatorial Guinea to join the initiative, which seeks to address key governance issues of transparency and accountability in the extractive sectors

In a significant move toward joining the Extractive Industry Transparency Initiative (EITI), Equatorial Guinea received the official backing of the EITI International Secretariat on Friday; The endorsement follows a decade of efforts by Equatorial Guinea to join the initiative, which seeks to address key governance issues of transparency and accountability…

Source: Ministry of Mines and Hydrocarbons, Equatorial Guinea |

Equatorial Guinea congratulates international oil services companies TechnipFMC and Schlumberger for their proactive steps towards local content compliance in Equatorial Guinea

The announcement follows the decision, earlier this week, to cancel all contracts awarded to international oil services firm Subsea 7 for failure to comply with local content rules in Equatorial Guinea

The Minister of Mines and Hydrocarbons has commended international oil services companies Schlumberger and TechnipFMC on their proactive measures taken to comply with Equatorial Guinea’s local content regulations. “Both Schlumberger and TechnipFMC have a long history of working in our country, and their recent engagement with local companies, commitment to…