AGP Executive Report
Last update: 11 hours agoOffshore Drilling: Transocean says the Deepwater Conqueror won a two-well contract with an undisclosed Equatorial Guinea operator. The contract value was not disclosed. Production: Kosmos Energy reported third-quarter output of about 69,200 barrels of oil equivalent per day, up 6% year on year but up 17% excluding Equatorial Guinea, pointing to weaker production in the country. Crude Markets: Easing freight costs have renewed Chinese buyers’ interest in West African oil, including Equatorial Guinea’s Ceiba crude. Exploration: Chevron is increasing exploration spending and lists Equatorial Guinea among its priority markets. Gas Cooperation: A GECF roundtable will discuss investment and market access for African gas producers; the forum projects the continent’s LNG exports could reach 80 million tonnes a year by 2030. Energy Finance: Afreximbank and APPO have formally established the $5 billion Africa Energy Bank to fund projects across the energy value chain.
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