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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

Tower Resources Provides Update on Thali, PEL 94 Projects

Extension of the initial period of the Exploration Phase of the Thali PSC, offshore Cameroon by one year (from 15 September 2019) for the purposes of completing the NJOM-3 well, … Read More

Central Africa’s Economic Recovery Must Go Through a Reform of Forex Regulations

By Leoncio Amada NZE The health and economic crisis caused by the Covid-19 pandemic is devastating the productive, economic and financial systems throughout the entire planet: businesses went bankrupt, millions … Read More

Equatorial Guinea & Cameroon: Chevron’s Entry into Central Africa Could be a Turning Point for Gas Industry

The recently-announced acquisition of Noble Energy by Chevron for $13bn gives the American major an entry into Equatorial Guinea’s oil & gas sector, where Noble Energy has interests in the … Read More

CAMEROON: Victoria Oil & Gas Provides Q2 2020 Operational Update

 ·    The Company remains vigilant in relation to the Covid-19 pandemic and adherent to the authorities’ guidelines in the jurisdictions in which it works: the lockdown in Cameroon was eased in … Read More

Energy Lobby Lauds the Bank of Central African States (BEAC)’s Authorization to Open Foreign Currency-labelled Escrow Accounts

In its Ordinary Meeting held on July 2nd, 2020, the Board of Directors of the Bank of Central African States (BEAC) has allowed the opening of foreign currency escrow accounts … Read More

CAMEROON: Tower Resources Says Heads of Terms with OilLR Pty Ltd Progressing Towards Completion

Tower Resources plc has provided an update regarding the farm-out process in respect of its Thali production-sharing contract (the “PSC”) in Cameroon conducted through its wholly-owned subsidiary Tower Resources Cameroon … Read More

African partnerships strengthen Deep Casing Tools’ global footprint

UK-based oil and gas technology development company, Deep Casing Tools (DCT), has announced the appointment of two agents as part of its strategic growth plans in Africa. DCT has appointed … Read More

Bowleven set to end Strategic Alliance Agreement with Petrofac

Africa focused oil and gas explorer Bowleven which operates in Kenya and Cameroon has announced it will be terminating the Strategic Alliance Agreement with Petrofac after the two companies reached a … Read More