AGP Executive Report
Last update: 11 hours agoOil & Gas Deal in Focus: Galp Energia is moving closer to its first formal exploration push in Equatorial Guinea after the country approved a farm-out that brings a Chinese partner into offshore blocks EG-02, EG-09 and H, with drilling work expected to ramp up toward early 2027. Energy Licensing & Investment: Separately, Europa Oil & Gas said Equatorial Guinea cleared the sale of a 40% stake in the EG-08 production sharing contract to Fuhai Energy, pending China’s Overseas Direct Investment approval, with Fuhai set to fund 95% of the Barracuda-1 well costs up to $53m. Banking Regulation: Financial supervisors from across Africa met in Yaoundé for CABS discussions on strengthening prudential cooperation and financial stability amid digital finance and new instruments, with Equatorial Guinea included in the CEMAC supervisory footprint. US Visa Access for Malabo: The US plans to cut visa-processing missions across Africa to 20 hubs, including Malabo, meaning applicants from non-hub countries may face extra travel and higher costs. Human Rights Watch: Rights groups have filed a complaint over US deportations of 14 people to Equatorial Guinea, asking the African Commission to halt further removals and ensure legal access.
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