AGP Executive Report
Last update: 10 hours agoOil & Gas Dealmaking: Galp Energia has signed a tentative memorandum to carry out exploration studies offshore Equatorial Guinea, covering blocks EG-02, EG-09 and H southeast of Bioko, ahead of a potential production-sharing contract as the country prepares a licensing round. Energy M&A: In a separate Equatorial Guinea-linked move, Europa Oil & Gas said its farm-out agreement to sell 40% of its EG-08 interest to China’s Fuhai Energy has been approved by Equatorial Guinea’s Mining & Hydrocarbons Ministry, with the deal still awaiting China’s Overseas Direct Investment clearance; drilling for the Barracuda-1 prospect is now expected in early 2027. Banking Regulation: Banking supervisors from across Africa are meeting in Yaoundé (June 4–5) under CABS to strengthen prudential cooperation and financial stability, with Equatorial Guinea included in the CEMAC supervisory circle. US Visa Access: The US plans to cut visa-processing posts across Africa from nearly 50 to 20 hubs, including Malabo, which could reshape travel and costs for business and students seeking US visas.
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