The Africa Cup of Nations has tested the footballing mettle of 24 African states – and also Cameroon’s ability to cover the resulting increased power demand.
Victoria Oil & Gas has reached a deal to settle its dispute with Cameroon Holdings Ltd (CHL), ending the legal action and cancelling a royalty agreement.
Victoria Oil & Gas has cut reserves at its Cameroon gas field as a result of a major customer defaulting but the country is opening up again, raising the prospect of demand returning.
Partners in Cameroon’s Etinde project have signed a non-binding letter of intent (LoI) to supply gas to Victoria Oil & Gas, which is facing a tough time with some of its onshore operations.
