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Chevron Commits to Yoyo-Yolanda Gas Project Straddling Cameroon, Equatorial Guinea

Summary by Reuters
U.S oil major Chevron has renewed its commitment to the development of the Yoyo-Yolanda gas project that straddles the maritime border between Equatorial Guinea and Cameroon, the company said in a statement.

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© (DR)The authorities of the two countries signed a convention on 03 February 2026 for the exploitation of an oil deposit at the level of their respective borders. Equatorial Guinea and Cameroon officially signed, on 3 February 2026 in Malabo, the agreement on the joint exploitation of the transboundary oil deposits Yoyo-Yolanda, a project of high economic value for the two States. The ceremony, chaired by the Vice-President of Equatorial Guinea…

·Cameroon
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Equatorial Guinea and neighboring Cameroon have signed a "historic" agreement for the joint exploitation of the Yoyo-Yolanda gas field, shared between the Cameroonian town of Yoyo and the Guinean town of Yolanda, in a project involving the U.S. oil giant Chevron. According to a statement published by the ruling Democratic Party of Equatorial Guinea (PDGE), the agreement was sealed in an act at the People's Palace of Malabo, Equatoguinean capital…

The Context: In the heart of the Gulf of Guinea, an invisible border separates two underwater treasures: the Yoyo field in Cameroon and the Yolanda field in Equatorial Guinea. For years, these natural gas reserves remained untapped, dependent on political decisions and cross-border agreements. The Turning Point: Everything changed with the signing of a… The post The Gulf Pact: Cameroon and Equatorial Guinea unite for Gas appeared first on Camero…

·Cameroon
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Dateline Nigeria broke the news in on Wednesday, February 4, 2026.
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