AGP Executive Report
Last update: 2 hours agoEconomic Outlook: Equatorial Guinea’s economy contracted 5.8% in 2025 as falling oil and gas output dragged down industry. The World Bank expects average annual contraction of about 1% in 2026 and 2027, and calls for more jobs through diversified industries, stronger businesses and wider opportunities for women and young people. Gas Industry: A GECF leadership roundtable will discuss investment, market access and coordination among gas producers, including Equatorial Guinea. The forum projects African LNG exports to rise to 80 million tonnes a year by 2030. Offshore Drilling: Transocean’s Deepwater Conqueror won a two-well contract with an unnamed operator in Equatorial Guinea, adding work to the offshore rig’s schedule. Energy Finance: The newly established $5 billion Africa Energy Bank plans to finance projects across the energy value chain, as African producers seek new funding for oil and gas development.
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