AGP Executive Report
Last update: 10 hours agoOil & Gas Dealmaking: Galp Energia has signed a tentative MoU to carry out exploration studies offshore Equatorial Guinea, covering blocks EG-02, EG-09 and H near Bioko, ahead of a possible production sharing contract as the country prepares a licensing round. Petroleum M&A in Focus: Europa Oil & Gas says Equatorial Guinea has approved its farm-out step for EG-08, clearing Antler Global to sell 40% to Chinese partner Fuhai Energy, with drilling of the Barracuda-1 prospect now expected in early 2027 after China’s ODI approval. Banking Regulation: African banking supervisors 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 Africa visa-processing sites from nearly 50 to 20 hubs, with Malabo listed as one of the retained processing locations—meaning some applicants may face higher travel costs and longer journeys. Maritime Legal Win: The Marshall Islands Registry highlighted ITLOS’s ruling against Equatorial Guinea over the detention of the MT “Heroic Idun,” reinforcing freedom of navigation and flag-state jurisdiction on the high seas.
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