Offshore Seismic Push: TGS has signed with Equatorial Guinea’s Ministry of Hydrocarbon and Mining Development to build a large-scale offshore multi-client MegaSurvey, starting with post-stack reprocessing of ~27,273 km of 2D and ~35,000 sq km of 3D seismic, due in Q3 2026, with a wider plan covering ~46,343 line-km of 2D and 59,000+ sq km of 3D across the Rio del Rey and Rio Muni basins. Energy Market Signals: BEAC reports CEMAC export prices rose 0.7% quarter-on-quarter in Q1 2026, breaking a prior decline, as global energy prices rebounded—oil up to an average $75.7/barrel and natural gas up 23.2%—supporting Equatorial Guinea’s regional export outlook. Regional Cooperation Track: President Teodoro Obiang Nguema Mbasogo is set to visit Zimbabwe for two days, following the JPCC that aims to expand cooperation; expected instruments include economic and trade cooperation, plus MoUs spanning education, agriculture, and mining. Upstream Dealmaking: Galp Energia has signed a tentative MoU to carry out exploration studies on offshore Equatorial Guinea blocks EG-02, EG-09 and H, ahead of a possible production-sharing contract. Oil & Gas Operations Update: VAALCO says production has resumed at the Baobab field (CI-40, offshore Côte d’Ivoire) after a successful FPSO refurbishment—an adjacent West African development worth watching for regional service and supply chains. Policy and Labor Context: Kuwait tightened domestic worker recruitment rules, restricting sourcing from many African countries including Equatorial Guinea, which could affect regional labor flows tied to household services. Resource Curse Debate: A new report argues fossil-fuel wealth across Africa has not delivered sustained, inclusive development, highlighting vulnerability, inequality, and weak job creation—relevant to how Equatorial Guinea and peers manage hydrocarbon revenues.