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, ahead of a possible production sharing contract as the country prepares a licensing round. Upstream Farm-Out Progress: Europa Oil & Gas says Equatorial Guinea approved its farm-out to Chinese partner Fuhai for EG-08, moving the Barracuda-1 drilling plan to early 2027, pending China’s ODI approval. Shipping & Maritime Law: The Republic of the Marshall Islands Registry highlighted Posidonia recognition and a fresh ITLOS ruling in the Republic of the Marshall Islands v. Equatorial Guinea case over the MT “Heroic Idun,” reinforcing freedom of navigation and flag-state jurisdiction. Local Industry & Consumer Goods: UCB (Union Camerounaise de Brasseries) is expanding canned beverages in Cameroon, with its new Moungo plant near Douala boosting capacity—an indirect signal of regional competition that can affect cross-border drink supply chains.
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