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Uganda’s Energy Potential Promoted at #AEW2023

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AEW2023

The Invest in Uganda Energies forum at AEW 2023 united Ugandan energy regulatory authorities and companies with global partners to discuss the country’s energy future

CAPE TOWN, South Africa, October 19, 2023/APO Group/ — 

Taking place during the 2023 edition of African Energy Week (AEW) the Invest in Uganda Energies country spotlight served to showcase the various investment and partnership prospects available across the East African country’s energy sector.

Sponsored by Uganda’s National Oil Company (NOC), the Uganda National Oil Company (UNOC) Limited, and featuring the participation of high-level public and private sector players, the session shone a light on Uganda’s energy journey, with a focus on new investment opportunities in the East African energy hub.

“For the energy space, in terms of regulation, in terms of policy, in terms of opportunities, there is huge potential for private sector players to participate in Uganda,” stated Aggrey Ashaba, Uganda Chamber of Mines General Secretary.

Boasting approximately 1.4 billion barrels of recoverable crude oil reserves and significant gas resources, Uganda ranks among Africa’s fastest growing energy markets, and has emerged as an attractive investment destination for global energy companies and investors alike.

“In respect to licensing, the laws require that we follow a production sharing regime, which creates a certain level of certainty; compliance to international standards on safety, environment, and social aspects; and regulate the upstream, midstream, and downstream sectors,” stated Ali Ssekatawa, Director of Legal and Corporate Affairs of the Petroleum Authority of Uganda.

The country aims to produce first oil in 2025, having achieved a Final Investment Decision for the $10 billion Lake Albert Development – comprising the Kingfisher and Tilenga oilfields as well as the 1,443km-long EACOP – alongside oil and gas supermajor, TotalEnergies, and Chinese National Oil Company, the China National Offshore Oil Corporation in 2022.

For the energy space, in terms of regulation, in terms of policy, in terms of opportunities, there is huge potential for private sector players to participate in Uganda

“We are currently building an investment portfolio of over $10 billion,” stated Proscovia Nabbanja, CEO of UNOC Limited, adding, “This will be to develop resources of about 1.4 to 1.7 billion recoverable barrels of oil while monetizing and developing our downstream sector.”

“As we charge the future, we need to leverage past experiences,” stated Sandisiwe Ncemane, Interim CEO for South Africa’s NOC, PetroSA, adding, “When it comes to infrastructure, we see value in having invested in that infrastructure, even as we witness changes in attitude towards energy sources.”

On the mid- and downstream fronts – in addition to the East African Crude Oil Pipeline – the country is inviting foreign investors to fund a series of infrastructure projects, both in-country and across the region. Representing a relatively new market, opportunities for players across the refining, transportation, service provision, and associated industries are growing.

“We currently have a project resource portfolio of about $15 million as a local entity,” stated Job Kahigwa, Chairman and CEO of construction company, ROHI Investment Ltd., adding, “For enabling Uganda’s supporting industries, we have a huge opportunity to source from the country’s population to promote and develop local content while engaging in partnerships with other local entities.”

Meanwhile, the country’s boasts substantial renewable energy resources, with over 80% of its generation mix being driven largely by hydropower. Meanwhile, it was noted that the country is poised to increase its generation capacity two-fold by 2040, largely driven on the back of renewable energy.

“Today, our energy mix is largely driven by hydropower, so we are boasting an energy mix where only 7% is driven by hydrocarbons,” stated Eng. Ps. Irene Batebe, Permanent Secretary for the Ministry of Energy and Mineral Development of Uganda, adding, “Our total installed capacity is over 2,000 Mw, but in our ambitious plan to industrialize, we are looking to increase our generation capacity by 52,000 MW by 2040.”

Taking place in Cape Town from 16-20 October, #AEW2023 is held under the theme, ‘The African Energy Renaissance: Prioritizing Energy Poverty, People, the Planet, Industrialization and Free Markets’. AEW is the African Energy Chamber’s annual event, uniting African energy stakeholders with global investors to discuss the future of African energy.

#AEW2023 takes place this week in Cape Town under a mandate to make energy poverty history by 2030. Keep following www.AECWeek.com for more information and updates about Africa’s premier energy event.

Distributed by APO Group on behalf of African Energy Chamber.

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

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

 

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Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

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Etu Energias

As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

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

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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Energy

The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

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

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