AGP Executive Report
Last update: 2 hours agoOffshore Drilling: Transocean’s Deepwater Conqueror won a two-well contract with an undisclosed operator in Equatorial Guinea, adding work to the country’s offshore sector. Energy Results: Kosmos Energy reported third-quarter net production of about 69,200 barrels of oil equivalent per day, up 6% year on year; production was up 17% excluding Equatorial Guinea. Crude Exports: Chinese refiners are buying Equatorial Guinea’s Ceiba crude as shipping costs ease and buyers seek alternatives to Russian and Iranian oil. Energy Finance: The Africa Energy Bank has formally launched in Abuja with $5 billion in authorised capital to fund projects across the energy value chain, including exploration, processing and distribution. Gas Cooperation: At a Moscow meeting, Russian President Vladimir Putin and Equatorial Guinea’s President Teodoro Obiang discussed potential energy and mining investment and an intergovernmental commission to boost trade. Regional Gas Outlook: The GECF sees African LNG exports rising to 80 million tonnes a year by 2030, with Equatorial Guinea among the producers.
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