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From Stalled Talks to Breakthroughs: Yoyo-Yolanda Signals New Chapter for the Gulf of Guinea

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African Energy Chamber

The Yoyo-Yolanda Gas Fields hold 2.5 trillion cubic feet of natural gas reserves – crucial to unlocking energy security and GDP growth for the broader central African region

JOHANNESBURG, South Africa, February 5, 2026/APO Group/ –Cameroon and Equatorial Guinea have signed a unitization agreement to jointly develop the cross-border Yoyo-Yolanda gas fields, marking a decisive step toward accelerating long-delayed gas monetization in the Gulf of Guinea. Forming part of the broader Gas Mega Hub (GMH) – an initiative led by Equatorial Guinea to monetize stranded gas reserves – the agreement strengthens cross-border cooperation at a time when the GMH is showing signs of resurgence.

 

As the voice of the African energy sector, the African Energy Chamber (AEC) strongly supports the milestone, recognizing it as a clear signal that both countries are moving swiftly from negotiation to execution. As the project advances, the Chamber has called for sustained urgency, streamlined approvals and coordinated infrastructure development to maintain investor confidence and unlock the full economic potential of the Yoyo-Yolanda project.

Clear Signal to Investors: Execution, Urgency and Infrastructure First

Containing 2.5 trillion cubic feet (tcf) of natural gas reserves, the Yoyo-Yolanda project is an integral part of the GMH, monetizing gas resources across two strategic fields. Operators Noble Energy Cameroon and Noble Energy Equatorial Guinea – both Chevron companies – have reaffirmed their full commitment to the project. Jim Swartz, Chairman and Managing Director of Chevron Nigeria and the Mid-Africa Region, highlighted that the project is central to Chevron’s strategy of supporting long-term LNG supply and leveraging existing infrastructure at Alen and Punta Europa.

For the AEC, the agreement sends a strong signal to global investors that Cameroon and Equatorial Guinea are aligned, bankable and serious about accelerating gas development. The Chamber has called on both governments to fast-track final investment decisions, engineering and infrastructure rollout, while implementing targeted policies and incentives to maintain momentum.

The AEC has also urged Cameroon and Equatorial Guinea to draw on proven best practices from successful cross-border gas developments, including the Greater Tortue Ahmeyim project between Senegal and Mauritania, as well as earlier Gas Mega Hub agreements involving Nigeria and Cameroon, to reduce execution risk and shorten time-to-market.

There is a tight window to monetize Africa’s gas resources before global market dynamics shift – delaying is not an option

“The Chamber celebrates the agreement to unify Yoyo-Yolanda. There is a tight window to monetize Africa’s gas resources before global market dynamics shift – delaying is not an option. Governments must eliminate red tape, accelerate execution, and leverage existing infrastructure to maintain investor confidence,” said NJ Ayuk, Executive Chairman of the AEC.

Gas Mega Hub Strategy Gains Momentum

For Equatorial Guinea, Yoyo-Yolanda is a cornerstone of the country’s GMH strategy, aimed at positioning the nation as a regional gas processing and monetization hub. The project reinforces Equatorial Guinea’s drive to commercialize its 1.5 tcf of domestic gas reserves to support energy security, industrialization and export growth.

Momentum behind the GMH has continued into 2026. Most recently, national oil company GEPetrol increased its participating interest in the Aseng gas project from 5% to 32.55%, following the signing of a Heads of Agreement with Chevron to finance the stake increase. The transaction strengthens national participation in upstream gas assets while accelerating feedstock availability for the Punta Europa LNG complex, reinforcing the GMH’s infrastructure-led approach to fast-tracking gas monetization.

This followed a letter of intent signed in 2023 by Noble Energy to supply gas from the onshore Aseng field. More recently, production sharing contracts signed with Panoro Energy and Africa Oil Corporation further underscore Equatorial Guinea’s commitment to scaling gas production and ensuring long-term throughput for the GMH.

For Cameroon, the Yoyo-Yolanda project supports the country’s 2035 universal energy access goals, including expanding access to LPG, biogas and electricity, while boosting export revenues. Beyond energy revenues, Yoyo-Yolanda is expected to catalyze broader socio-economic benefits. Accelerated development will expand local content participation, strengthen workforce development and act as a door opener for new exploration campaigns across the Gulf of Guinea, reinforcing the region’s position as an emerging gas investment frontier.

Turning Stalled Projects into Executable Developments

With Yoyo-Yolanda now unified, the focus shifts to execution. There is a narrow window to monetize gas resources before global market dynamics evolve, making speed and coordination essential. Fast-tracked approvals, streamlined cross-border processes and decisive project management will be critical to maintaining momentum and investor confidence.

Leveraging existing regional infrastructure will be equally important. By utilizing established processing and export facilities such as Punta Europa, Equatorial Guinea and Cameroon can lower operating costs, shorten development timelines and accelerate gas to market. For investors, rapid progress on Yoyo-Yolanda will send a clear signal that both countries are aligned, commercially focused and open for business.

Distributed by APO Group on behalf of African Energy Chamber.

Energy

Venezuela Energy Week to Host Houston Industry Showcase, Unlocking United States (U.S.) Commercial Engagement Ahead of October Summit

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African Energy Chamber

Ahead of Venezuela Energy Week 2026, U.S. exploration companies, independent operators, oilfield service providers and investors are invited to explore commercial opportunities across Venezuela’s upstream sector at the Houston Industry Showcase next month

HOUSTON, United States of America, July 23, 2026/APO Group/ –Venezuela Energy Week will host an Industry Showcase in Houston on August 18, 2026: a targeted industry roadshow designed to engage U.S. energy stakeholders ahead of the October summit. Held at The Post Oak Hotel, the showcase will convene senior representatives from across the U.S. upstream ecosystem – including exploration and production companies, Texas-based independents, oilfield service companies, engineering and technology firms, commercial banks, private equity firms and family offices – to assess commercial pathways for participation in Venezuela’s energy sector.

 

As Venezuela looks to expand production, U.S. companies remain well positioned to contribute technical expertise, capital and operational capabilities across the upstream value chain. Chevron’s longstanding presence in the country highlights the continued importance of U.S. industry participation, while the scale of Venezuela’s resource base continues to attract interest from major international energy companies, including ExxonMobil and ConocoPhillips. Opportunities extend across exploration, field development, production optimization, infrastructure rehabilitation and digital modernization as Venezuela seeks to strengthen its energy sector.

 

Demand is also expected to grow for oilfield service companies, engineering firms, technology providers and financial institutions that can support upstream investment and project execution. Companies including SLB, Halliburton and Baker Hughes have been identified as potential partners in advancing production optimization and infrastructure rehabilitation, while commercial banks, private equity firms and family offices will play an important role in financing future investment opportunities.

 

Against this backdrop, the Houston Industry Showcase will provide a structured engagement platform at a time when select international operators continue to operate under U.S. Treasury-authorized frameworks, and where policy considerations in the U.S. continue to shape engagement parameters in Venezuela’s energy sector.

 

The event will enable U.S. exploration companies, independent operators, oilfield service providers and investors to assess technical and commercial pathways across exploration, field services, project delivery and broader supply chain opportunities, while supporting early-stage dialogue between international investors and Venezuela-focused stakeholders in a structured commercial environment ahead of the October summit.

 

To register for the Houston Industry Showcase on August 18, visit www.venezuelaenergyweek.com/rsvp-houston. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2026 in Caracas this October, contact info@venezuelaenergyweek.com.

 

Supporting Venezuela’s Earthquake Recovery

 

Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

 

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4fM0rLr).

 

Distributed by APO Group on behalf of Energy Capital & Power.

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Business

Africa Trade Gateway Delivers US$5.3-Million Cross-Border Transaction in First Energy Sector Trade in Southern Africa

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Afreximbank

The transaction represents an important milestone for both the participating institu-tions and the ATG ecosystem as it marked Innbucks Microbank’s first completed transaction through the platform and the ATG’s first recorded energy-sector transac-tion in Southern Africa

HARARE, Zimbabwe, July 23, 2026/APO Group/ –A US$5.3-million cross-border fuel (gasoil) trade transaction has been successfully completed with support of the Africa Trade Gateway (ATG), African Export-Import Bank’s (Afreximbank’s) (www.Afreximbank.com) flagship digital trade ecosystem, demonstrating the value and efficacy of the Gateway in powering African trade.

The transaction, which saw Zimbabwean fuel importer Witeva Trading source a gasoil shipment from a leading commodity trader and supplier in Switzerland, with Innbucks Microbank Ltd. participating as the local issuing financial institution and Afreximbank providing confirmation support under agreed trade finance structure, demonstrates how African businesses can leverage one connected ecosystem to identify opportunities, access finance and complete international trade more efficiently.

The ATG made it possible for the commercial opportunity to be connected to the right ecosystem participants, bringing together the buyer, supplier and participating financial institutions to support a successful execution of the transaction.

The transaction represents an important milestone for both the participating institutions and the ATG ecosystem as it marked Innbucks Microbank’s first completed transaction through the platform and the ATG’s first recorded energy-sector transaction in Southern Africa.

This transaction demonstrates the value of bringing African businesses and financial institutions together through one connected trade ecosystem

It also demonstrates how African Businesses can use a single digital ecosystem to identify commercial opportunities, connect with verified counterparties, access trade-finance support and execute cross-border transactions more efficiently.

Peter Olowononi, Director, Regional Operations, Southern Africa, at Afreximbank, said:

“This transaction demonstrates the value of bringing African businesses and financial institutions together through one connected trade ecosystem. By creating a digital ecosystem to expand access to trade finance, Afreximbank is enabling more businesses to participate easily in regional and international trade.”

Emeka Onyia, Director, Digital Business, at Afreximbank, added:

“The Africa Trade Gateway is more than a mere digital platform; it is the ecosystem that helps trade happen. We help businesses discover opportunities, connect with trusted buyers, suppliers and financial institutions, and facilitate the journey from commercial opportunity to completed transactions. Every successful deal strengthens the network, attracts new participants and creates more opportunities for African trade.”

“As more businesses, banks and trade partners join the ecosystem, every successful transaction expands the marketplace, strengthens trust across the network and increases opportunities for future trade,” Mr. Onyia added.

Distributed by APO Group on behalf of Afreximbank.

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Energy

Gold Fields, Moore Global and Mali Chamber of Mines to Lead Gold Growth Dialogue at African Mining Week (AMW) 2026

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Gold Fields

As record prices reshape investment priorities, industry leaders will examine the strategies, partnerships and financing needed to expand Africa’s gold production

CAPE TOWN, South Africa, July 23, 2026/APO Group/ –As African governments and mining companies accelerate efforts to expand gold production and capitalize on strong global demand, African Mining Week (AMW) 2026, taking place October 14–16 in Cape Town, will spotlight the policies, partnerships and investments driving the continent’s next phase of growth in the gold sector.

 

The event will feature a dedicated panel, Expanding Africa’s Gold Output, exploring strategies to increase gold production, formalize artisanal and small-scale mining and strengthen investment across the value chain.

The session will be moderated by Matt Banton, Head of Mining at Moore Global, and feature Fousseni Togola, President of the Mali Chamber of Mines, and Benford Mokoatle, Executive Vice President: South Africa at Gold Fields.

The discussion comes as the global gold market continues to strengthen. Gold prices have remained above $4,000 per ounce throughout 2026, supported by sustained central bank demand as countries increase gold reserves to diversify foreign exchange holdings and strengthen financial resilience. Across Africa, central banks in Tanzania, Kenya, Ghana, Uganda, Egypt and Namibia have expanded gold purchase programs, reinforcing demand while creating new opportunities for domestic producers.

African gold-producing nations are responding by introducing reforms aimed at increasing production and improving sector governance. In Mali, the government is strengthening the artisanal and small-scale gold mining sector as part of its strategy to maintain annual gold production above 60 metric tons. In July 2026, the country established the Malian Office of Precious Substances, a new state institution responsible for regulating and formalizing artisanal gold production across approximately 400 mining sites employing nearly two million people. At the same time, Mali continues to strengthen partnerships with major mining companies, including Barrick, B2Gold, Toubani Resources and Cora Gold, to sustain long-term production growth and attract additional investment.

At AMW 2026, Togola is expected to discuss how the Mali Chamber of Mines is supporting these reforms while highlighting the investment opportunities emerging across the country’s gold sector. His participation will explore the role of chamber members in expanding production, strengthening local participation and positioning Mali among Africa’s leading gold producers.

South Africa is also advancing initiatives to revitalize its gold industry through increased exploration and long-term mine investment. Earlier this year, the government expanded the Junior Mining Exploration Fund to R600 million, improving access to exploration capital for emerging mining companies and supporting efforts to unlock new gold discoveries.

Complementing these national initiatives, Gold Fields is investing R1.714 billion through 2027 to deepen its flagship South Deep Mine, positioning the operation as a long-life production hub well beyond 2030. Gold Fields’ Mokoatle is expected to provide an update on the company’s long-term investment strategy, highlighting how innovation and sustained capital investment are supporting South Africa’s efforts to strengthen gold production.

As investment accelerates across Africa’s gold sector, AMW 2026 provides a premier platform to connect governments, producers, investors and service providers, advancing the partnerships and capital needed to unlock the continent’s next phase of gold production growth.

Distributed by APO Group on behalf of Energy Capital & Power.

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