AGP Executive Report
Last update: 7 hours agoEnergy Outlook: Equatorial Guinea is among the African gas producers expected to benefit as LNG exports grow, with a Gas Exporting Countries Forum roundtable set to discuss investment, market access and gas development. Offshore Drilling: Transocean has secured a two-well contract with an undisclosed operator in Equatorial Guinea, adding work to its fleet backlog. Company Results: Kosmos Energy reported third-quarter revenue of $410 million and production of about 69,200 barrels of oil equivalent per day; output was up 17% year on year excluding Equatorial Guinea. Currency Update: Old CFA franc coins lost legal tender status across CEMAC, including Equatorial Guinea, on November 1. Holders can exchange them at banks, microfinance institutions or BEAC counters through July 31, 2027. Business Services: CLG, whose roots include Equatorial Guinea’s petroleum sector, is expanding its African-founded legal and advisory practice across energy, finance and investment.
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