AGP Executive Report
Last update: 10 hours agoOil & Gas Dealmaking: Galp Energia has signed a tentative MoU to run exploration studies offshore Equatorial Guinea, covering blocks EG-02, EG-09 and H southeast of Bioko, ahead of a possible production sharing contract as the country prepares a licensing round. Energy M&A: Europa Oil & Gas says Equatorial Guinea has approved its farm-out step for the EG-08 licence, clearing Antler Global to sell 40% to China’s Fuhai Energy (subject to China ODI approval), with drilling for the Barracuda-1 prospect expected in early 2027. Banking Regulation: African banking regulators met in Yaoundé under CABS to strengthen prudential cooperation and financial stability, focusing on risks from digital finance, new instruments and fast-changing supervisory needs—relevant for CEMAC members including Equatorial Guinea. US Visa Access: The US plans to cut Africa visa-processing posts from nearly 50 to 20 hubs, including Malabo, which could reshape travel and costs for businesspeople and students across the region. Human Rights: Rights groups have filed a complaint with the African Commission over the deportation of 14 people from the US to Equatorial Guinea, asking for removals to stop and for legal access.
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