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CAMEROON: Tower Resources Granted Further Extension of the First Exploration Period of the Thali PSC

The Government of the Republic of Cameroon has notified TRCSA that the President of the Republic has approved a further extension of the First Exploration Period of the PSC, and the Company … Read More

A Pragmatic Solution to the BEAC’s FOREX Regulations Will Not be Reached Without the Involvement of Local Stakeholders

  The FOREX regulations imposed by the Bank of Central African States (BEAC) remain one of the major impediments to investments in Central Africa’s energy markets: Equatorial Guinea, Congo, Cameroon, … Read More

CAMEROON: New Age Receives Formal Approval to Apply for a New Etinde Exploitation Agreement

New Age Ltd (New Age), Operator of the Etinde licence, has received formal approval to apply for a new Etinde Exploitation Agreement (EEA). This would replace the existing EEA which came … Read More

What happens to the African Energy Industry if Western Lenders cut off Loans for Fossil Fuel Projects?

By NJ Ayuk A little more than a year ago, in November 2019, the European Investment Bank (EIB) declared its intention to phase out funding for fossil fuels. Specifically, it said … Read More

Equatorial Guinea Makes Advances on 100-Day Mining and Petroleum Milestones

The Ministry of Mines and Hydrocarbons shows progress in gas development and mining exploration. Published by Africa Oil & Power for the MMH. Drilling plans, natural gas downstream investments, cross-border negotiations … Read More

CAMEROON: Victoria Oil & Gas Awarded Matanda Licence Extension

Victoria Oil & Gas Plc, has announced that its wholly owned subsidiary Gaz du Cameroun S.A. (“GDC”) has received, as operator, approval from the Minister of Mines, Industry and Technological … Read More

CAMEROON: Victoria Oil & Gas Settles Litigation with CHL Termination of the CHL Royalty Agreement

Victoria Oil and Gas has announced that its wholly owned subsidiary Gaz du Cameroun S.A. (GDC), a BVI company, and VOG have entered into a confidential Settlement Agreement with Cameroon … Read More

BEAC must reconsider its new Forex regulation to save jobs in Gabon, Cameroon, Republic of Congo, Equatorial Guinea, Central African Republic and Chad

On March 1st, 2019, a new Foreign Exchange Currency Regulation was adopted by the members of the Economic and Monetary Community of Central Africa states – CEMAC. These member states, … Read More

CAMEROON: Etinde Reviewing Commercial Options Regarding Gas Offtake & Condensate Marketing

The Etinde financing plan will likely comprise various layers, including senior project finance debt, vendor financing from contractors, offtakers and likely equity. The latter will be a function of the … Read More

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