AGP Executive Report
Last update: 2 hours agoElectricity Modernisation: TECMON Energy wrapped up a 29 June–2 July working visit to São Tomé and Príncipe, building on a January 2026 MoU to stabilise and modernise the national power sector. Talks with the Ministry of Infrastructure and Natural Resources, DGRNE and EMAE focused on the full electricity value chain—generation, fuel supply, transmission, distribution, grid efficiency, metering, payment systems and revenue protection—aiming to cut technical and commercial losses and improve reliability and financial sustainability. Oil & Gas Footprint: Petrobras has completed its acquisition of a 75% stake and operatorship in offshore Block 3 in São Tomé and Príncipe, with Oranto holding 15% and the National Petroleum Agency 10%. The exploration license remains undeveloped commercially, but the deal expands Petrobras’ West Africa portfolio. Climate Signal: June 2026 was reported as the world’s second-hottest June on record, with NOAA noting January–June 2026 as the third-highest on record—another warning for small island ecosystems.
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