AGP Executive Report
Last update: 6 hours agoGas Infrastructure: Chevron has awarded EnerMech pre-commissioning work on a 19-kilometre flowline linking the offshore Aseng field to existing infrastructure, a key step toward bringing more gas into production. Economic Outlook: The World Bank says Equatorial Guinea’s economy contracted 5.8% in 2025 as falling hydrocarbon output weighed on industry and public revenue; it forecasts further contraction in 2026 and 2027 and urges job creation beyond oil and gas. Offshore Drilling: Transocean’s Deepwater Conqueror has secured a two-well contract with an undisclosed operator in Equatorial Guinea, adding activity to the country’s offshore sector. Regional Gas Investment: African gas producers, including Equatorial Guinea, are set to discuss coordination and market access at a GECF roundtable, while the newly established $5 billion Africa Energy Bank aims to finance projects across the energy value chain.
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