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; a wholly owned subsidiary of Marathon Oil Corporation; Sonagas, the National Gas Company of Equatorial Guinea; and a subsidiary of Marubeni Corporation, the Shareholders in Equatorial Guinea LNG Company Limited (EG LNG Co), announced today that the companies have awarded a front end engineering and design (FEED) contract to Bechtel for initial work related to a potential second liquefied natural gas (LNG) train on Bioko Island, Equatorial Guinea. Riggs Bank, a Washington institution for ages--its flagship branch is actually depicted on the $10 bill--was recently fined $25 million for failing to report suspicious transactions in the accounts of the embassies of Saudi Arabia and Equatorial Guinea. has emerged as the largest foreign investor in Equatorial Guinea with Exxon/Mobil and Hess among corporations engaged in large-scale off-shore production. |
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