AGP Executive Report
Last update: 8 hours agoOil & Gas Finance: VAALCO Energy reported strong Q2 2026 results and guidance for Q3/full-year, including higher production and a declared Q3 dividend of $0.0625 per share payable Sept. 22, with the company also highlighting ongoing offshore drilling momentum across its Equatorial Guinea-linked portfolio. Maritime & Offshore Services: Mermaid Maritime set up a formal corporate presence in Delaware to bid and contract for U.S. Gulf of America offshore work, signaling continued expansion in the region’s energy services market. Energy Trade Flows: Kosmos Energy said it completed the sale of its interest in Equatorial Guinea’s Ceiba Field and Okume Complex, while also reporting Q2 performance and new Jubilee wells coming online. Governance & Power: A new profile notes President Teodoro Obiang Nguema Mbasogo’s long rule since 1979 and the continued consolidation of influence through his son as vice president. Education & Compliance: WAEC withheld 167,486 WASSCE results over alleged malpractice, citing issues including phone use in exam halls, with Equatorial Guinea included among schools using the Nigerian curriculum. Diplomacy & Skills: Rossotrudnichestvo discussed expanding education quotas for Equatorial Guinea students in Russia and highlighted a partner Russian House in Malabo. Cybersecurity Risk: INTERPOL warned that AI now drives over half of reported cybercrime in Africa, with losses rising sharply—an issue for regional business and digital services.
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