AGP Executive Report
Last update: 11 hours agoOil & Gas Dealmaking: Galp Energia has signed a tentative MoU to run exploration studies on offshore Equatorial Guinea blocks EG-02, EG-09 and H, with prospect work ahead of a possible production sharing contract as the country prepares a licencing round. Upstream Expansion: Europa Oil & Gas’ part-owned Antler Global is moving closer to completing a long farm-out for offshore licence EG-08, after Equatorial Guinea’s Ministry of Mines & Hydrocarbons approved the deal with China’s Fuhai Energy—pending ODI approval—aiming for the Barracuda-1 well to be spudded in early 2027. Energy Diplomacy: Qatar’s energy minister Saad Sherida al-Kaabi met Equatorial Guinea’s mines and hydrocarbons minister Antonio Oburu Ondo to discuss energy relations and cooperation. Regional Industry Context: A U.S. plan to cut visa-processing hubs in Africa to 20 cities keeps Malabo on the list, which could affect travel logistics for business and industry stakeholders.
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