AGP Executive Report
Last update: 6 hours agoGovernment Accountability Shake-Up: Equatorial Guinea’s Vice-President Teodoro Nguema Obiang Mangue says the Prime Minister and the entire cabinet resigned after delivering “barely 10%” of set objectives, citing corruption, misuse of state resources, stalled development projects, and weak progress on economic diversification—especially agriculture. Oil & Gas Dealmaking: Kosmos Energy has completed its $127M sale of Ceiba Field and Okume Complex production assets in offshore Block G to Panoro Energy, with possible additional contingent payments up to about $40M tied to future oil and production performance. Offshore Exploration Push: TGS signed an accord with Equatorial Guinea’s Ministry of Hydrocarbon and Mining Development to build a multi-client offshore MegaSurvey, starting with reprocessing ~27,273 km of legacy 2D and ~35,000 sq km of 3D data, targeting completion in Q3 2026, to support exploration risk reduction across the Rio del Rey and Rio Muni basins. Regional Trade Links: Zimbabwe and Equatorial Guinea signed new MoUs covering education, economic/trade cooperation, interpreter and translator training, and joint commission rules, with both sides pointing to opportunities in agriculture, mining, energy, tourism, and manufacturing.
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