AGP Executive Report
Last update: 4 hours agoAseng Gas Project: Chevron has hired EnerMech to prepare a 19-kilometre flowline linking the offshore Aseng field to existing infrastructure, a step toward bringing more gas into production. Oil Market: Brent averaged $102 a barrel in September as demand for West African crude strengthened; Equatorial Guinea was among the African producers that could benefit from higher prices. Economic Outlook: The World Bank says falling hydrocarbon output is weighing on growth: the economy contracted an estimated 5.8% in 2025, with an average 1% annual decline forecast for 2026 and 2027. It urges job creation beyond oil and gas, including through stronger private businesses and new industries. Offshore Drilling: Transocean says its Deepwater Conqueror won a two-well contract with an unnamed operator in Equatorial Guinea.
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