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Equatorial Guinea, ConocoPhillips Sign Heads of Agreement (HOA) for Offshore Blocks, Unlocking $9B Investment Opportunity

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Equatorial Guinea

Block B/4 and EG-27 stand to drive Equatorial Guinean production as they both feature existing gas discoveries and are well-positioned to supply feedstock for the Punta Europa facility

JOHANNESBURG, South Africa, September 29, 2025/APO Group/ –Equatorial Guinea has signed a Heads of Agreement (HOA) with energy major ConocoPhillips for Blocks B/4 and EG-27 in a move set to unlock up to $9 billion in investments. The HOA outlines the terms for both blocks development and aims to reinforce the country’s position as a regional gas processing hub. As the country advances its national strategy to accelerate upstream growth and bring new production online, the HOA is seen as a pivotal step towards bolstering natural gas monetization in Central Africa.

 

Signed between ConocoPhillips, Equatorial Guinea’s Ministry of Hydrocarbons and Mining Development, national oil company (NOC) GEPetrol and national gas company SONAGAS, the agreement is not only a reflection of the government’s commitment to private-public partnerships, but ensures that these strategic blocks move towards the development phase at a rapid pace. Through the HOA, the partners have agreed to finalize the Production Sharing Contracts within six months, with the projects set to deliver over 20 years of production.

“This recent agreement is a strong reflection of the government’s commitment to working with foreign operators to advance the country’s exploration and production agenda. Block EG-27 and B/4 will not only support the country’s production growth, but unlock a wave of economic opportunities that will benefit the country for decades to come. By developing these blocks efficiently, we aim to restore production levels to those achieved before 2014 and maximize long-term value for the country,” stated Antonio Oburu Ondo, Minister of Hydrocarbons and Mining Development of Equatorial Guinea.

This recent agreement is a strong reflection of the government’s commitment to working with foreign operators to advance the country’s exploration and production agenda

Both blocks are highly promising and feature commercial gas discoveries. Notably, Block EG-27 is estimated to hold up to 2.8 trillion cubic feet (tcf) of gas while Block B/4 is home to an estimated 0.7 tcf. The estimated capital investment to bring these reserves into production is $9 billion, demonstrating the project’s long-term potential and the commitment of all stakeholders. At a time when Equatorial Guinea is realigning its policies, engaging global investors and promoting offshore exploration and production, the deal stands to support production growth by ensuring the development of commercially-viable assets.

Under the leadership of the Ministry of Mines and Hydrocarbons, Equatorial Guinea has been rapidly advancing the development of the natural gas value chain under efforts to cement its position as a regional gas processing hub. The recent HOA exemplifies the country’s strategy to foster a stable, transparent and investor-friendly environment while accelerating resource development in the region, demonstrating the Ministry’s commitment to working with partners to drive projects forward.

In addition to supporting production, the agreement signals ConocoPhillips’ commitment to strengthening Equatorial Guinea’s gas market. It follows a series of milestones by the company in recent months, including the export of the inaugural LNG cargo from the Punta Europa facility in June 2025. Advancing the country’s flagship Gas Mega Hub (GMH) – an initiative that aims to monetize stranded gas reserves in both domestic and regional markets – this milestone underscores Equatorial Guinea’s potential to become a major global gas player. The recently-signed HOA aims to strengthen feedstock for the Punta Europa facility, thereby supporting the success of the GMH. In addition to bolstering production, the development of Blocks EG-27 and B/4 will enhance the value of Punta Europa midstream infrastructure, supplying additional volumes to the facility.

The agreement comes as the Ministry of Mines and Hydrocarbons works to attract new investments in gas exploration and production. With major initiatives such as the GMH, the Ministry is working towards improving security of supply and driving sustainable economic growth. To support greater investment, the Ministry of Hydrocarbons and Mining Development is also preparing to launch its 2026 licensing round. With goals to cement its position as a regional gas hub, the country is promoting investments in a variety of blocks, with the upcoming bid round set to pave the way for exploration and production.

The African Energy Chamber, the voice of the African energy sector, fully supports this agreement as it strengthens Equatorial Guinea’s position as a regional gas hub, attracts long-term investment, and creates jobs. By advancing these blocks, the country is monetizing its resources and driving sustainable growth in line with Africa’s energy future.

Distributed by APO Group on behalf of African Energy Chamber.

Business

Canada–Africa Financing Forum to Convene Investors and Decision-Makers in Cape Town – May 14, 2026

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Ateau Zola

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships

TORONTO, Canada, April 29, 2026/APO Group/ –The Canada–Africa Chamber of Business (https://CanadaAfrica.ca) will convene investors, financiers, policymakers, and industry leaders in Cape Town on May 14, 2026 for the Canada–Africa Financing Forum—a high-level platform focused on unlocking capital and accelerating deal flow across African markets.

Registration is open (http://apo-opa.co/4vZN6oV)

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships. The program connects leaders from venture capital, private equity, and institutional investors to examine where capital is moving—and where the next opportunities lie—supported by Canadian project partners with proven capacity to deliver on-the-ground.

Delegates will engage directly with finance and investment decision-makers, following the program opening, featuring messages from President Cyril Ramaphosa and Prime Minister Mark Carney, in addition to high-level Ministerial representation.

This Forum is about capital deployment, not just conversation

“This Forum is about capital deployment, not just conversation,” said Garreth Bloor, President of the Canada–Africa Chamber of Business. “We are convening investors, institutions, and project leaders who are actively shaping transactions across Africa—and connecting them directly with Canadian partners who are ready to work together.”

The Canada–Africa Financing Forum reflects the Chamber’s role as a privately financed, market-led platform advancing Canada-Africa trade and investment through world-class networking and information-sharing events.

Why Attend

  • Direct access to active dealmakers and capital allocators
  • Insights into where capital is being deployed and key players delivering major projects
  • Opportunities to build partnerships across Canada and African markets
  • Participation in a curated, high-level environment focused on execution

Secure Your Place

Space is limited and demand is strong.

Apply to secure your place (http://apo-opa.co/4vXb9oz)

Read More and View the Program (http://apo-opa.co/4vZN6oV)

Distributed by APO Group on behalf of The Canada-Africa Chamber of Business.

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ORUN and 1xBET Partner to Support a Dynamic Creative Africa

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MIR Holding

During the MASA 2026 edition, held from April 11 to 18, 2026, ORUN and 1xBET implemented the We Champion Talent program, an initiative aimed at promoting African talent and advancing the development of Cultural and Creative Industries (CCIs)

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –As part of the Innovation Village co-organized with MASA at the Palais de la Culture in Abidjan from April 14 to 18, ORUN (https://ORUN.Africa) announces the rollout of its partnership with 1xBET to support a creative Africa that is structuring itself, professionalizing, and scaling across the continent.

We aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency

Designed as a space of convergence between heritage, innovation, and knowledge transmission, the Innovation Village features scenography crafted by Ivorian artisans, a program of panels and masterclasses on creative industries, an immersive experience produced by Orun Studios, and a major institutional highlight on April 17. Its narrative platform is built around three pillars: memory, structure, and transmission. The initiative aims to position cultural and creative industries as an economic driver for the continent.

“The Innovation Village was conceived as an act of construction. By partnering with organizations such as 1xBET, we aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

This vision aligns with ORUN’s broader ambition to produce, structure, and internationalize African creative industries through events, content, and strategic partnerships.

Distributed by APO Group on behalf of ORUN, part of African Currency Network (ACN).

 

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MIR Holding Reaffirms Its Commitment to African Creative Industries Alongside ORUN at Marché des Arts du Spectacle Africain d’Abidjan (MASA) 2026

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MIR Holding

More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –On the occasion of MASA 2026, held from April 11 to 18 in Abidjan, MIR Holding (https://MIRHolding.odoo.com) reaffirmed its commitment to supporting the growth of African creative industries by partnering with ORUN as part of the Innovation Village, hosted at the Palais de la Culture in Abidjan. This presence reflects a clear intention to support the scaling of cultural and creative industries so they can fully contribute to job creation and value generation across the continent.

 

Co-organized by ORUN and MASA, the Innovation Village brought together over several days scenography designed by Ivorian artisans, a program of panels and masterclasses dedicated to creative industries, an immersive experience produced by Orun Studios, and a key institutional highlight on April 17.

At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains

Built around three pillars — memory, structure, and transmission — the initiative carried a renewed ambition for culture: positioning it as a concrete lever for economic structuring and African projection.

By supporting this initiative, MIR Holding aligns with a broader dynamic aimed at strengthening connections between creation, entrepreneurship, content, youth, and growth ecosystems. More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures. MIR Holding stands among the main partners of the Village, alongside Africa Currency Network and other stakeholders engaged in this vision.

“With ORUN, we are not only seeking to make culture visible. We aim to help provide it with a framework, a reach, and a trajectory. What is at stake here is the continent’s ability to better transform its creative energy into sustainable value, real opportunities, and influence,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

Mouhamed Dieng, President of MIR Holding, added: “Supporting Africa’s creative industries is not about backing a secondary sector. It is about investing in one of the continent’s most powerful spaces for storytelling, youth, innovation, and competitiveness. At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains.”

Distributed by APO Group on behalf of MIR Holding.

 

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