AGP Executive Report
Last update: 11 hours agoOil & Gas Deal: Galp Energia is moving into Equatorial Guinea’s offshore upstream after signing a tentative MoU to run exploration studies on blocks EG-02, EG-09 and H, ahead of a possible production sharing contract as the country prepares a licensing round. Energy M&A: Europa Oil & Gas said Equatorial Guinea approved its farm-out step for offshore EG-08, clearing Antler Global to sell 40% to Fuhai (Beijing) Energy, with the deal still pending China’s Overseas Direct Investment approval; drilling for the Barracuda-1 prospect is now expected in early 2027. US Visa Access: The U.S. plans to cut visa-processing missions across Africa from nearly 50 to 20 hubs, including Malabo, meaning applicants from non-hub countries may need to travel farther and face higher costs. Finance & Regulation: African banking supervisors are meeting in Yaoundé to strengthen prudential cooperation and financial stability amid digital finance and new instruments. Human Rights Watch: Rights groups have filed a complaint over U.S. deportations of 14 people to Equatorial Guinea, asking the African Commission to halt further removals and ensure legal access.
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