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Kosmos Energy Pursuing Equal Partnership Structure for Yakaar-Terenga Project, MSGBC Conference Highlights

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3 years ago

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Kosmos Energy

A panel discussion on the first day of the MSGBC Oil, Gas & Power 2023 conference – which is organized by Energy Capital & Power – featured updates with regards to the respective natural gas projects underway across the region

NOUAKCHOTT, Mauritania, November 21, 2023/APO Group/ — 

Global energy major Kosmos Energy announced that the company is seeking an equal partnership structure for the Yakaar-Teranga natural gas project during the MSGBC Oil, Gas & Power 2023 conference this week.

Having recently assumed operatorship from bp and in a panel discussion titled, The Balancing Act: Hydrocarbons and the Energy Transition, the company shared that it is committed to working with Mauritania to unlock the full benefits of the project for the local economy.

The announcement was made by Khady Ndiaye, Vice President & Senegal Country Manager, Kosmos Energy, who stated that, “For Yakaar-Teranga, we are thinking about a partnership whereby all partners have equal participation in the project, with Petrosen being the party with the highest shares. The idea is to promote the new part of partnership where the National Oil Company (NOC) will be able to showcase its capabilities and develop new skills.”

The panel discussion featured a discussion on how the monetization of oil and gas resources stands to play a central part in strengthening the region’s capacity to transition to a cleaner energy future. Speakers underscored the region’s desire to industrialize and develop, promoting the various projects underway that promise new opportunities for universal access and economic growth.

For The Gambia, a market which is vastly underexplored, Cany Jobe, Director of Exploration and Production at the Gambia National Petroleum Corporation, explained that they are “doing all we can both above and below ground to make exploration more effective in The Gambia. We have tweaked our fiscal terms to implement a sliding scale royalty. We have also reverted back to a direct negotiation strategy and hope this will encourage investors and partners to come to the table.”

For Yakaar-Teranga, we are thinking about a partnership whereby all partners have equal participation in the project, with Petrosen being the party with the highest shares

Similarly, Guinea-Conakry has implemented measures to attract investment. The country established the NOC, SONAP, in 2021 and is looking for partners to conduct exploration.

“The transitional government aims to highlight all natural resources, leading to the creation of the NOC, SONAP. We have acquired 2D and 3D data technologies. With these advancements and investments, we may catch up with the delay [in exploration] in two to three years,” stated Dr. Mohamed Bangoura, National Director of Hydrocarbons, Ministry of Energy, Hydraulics and Hydrocarbons, Guinea-Conakry. 

Following the discovery of major oil and gas deposits in the offshore MSGBC waters, countries to the likes of Mauritania and Senegal kickstarted major projects under efforts to develop and monetize resources. The 2.3 million-ton-per-annum Greater Tortue Ahemyim project and the 100,000 barrel-per-day Sangomar oilfield development are getting ready for first production in 2024, with a strong slate of other projects gradually progressing. One of the most anticipated of these is the BirAllah development in Mauritania, which targets gas for domestic utilization.

Moustapha Bechir, General Director of Hydrocarbons at Mauritania’s Ministry of Petroleum, Mines and Energy, explained that the country “is in the process of preparing for Final Investment Destination [for BirAllah] and plans to produce gas by 2030.” He added that the Ministry is engaging with the Joint Venture partners on “how we can meet this target and design the project for the domestic market and domestic needs, and ensure that we can make this project compete in the current market.”

While the region is gearing up for an abundant supply of domestic oil and gas, climate change is causing growing concerns for regional countries, underscoring the need to implement low-carbon solutions. As such, focus has shifted towards decarbonization as first production nears. Countries across the region are adoption strategies to facilitate a transition while prioritizing the needs of the population.

Papa Samba Ba, Director of Hydrocarbons, Ministry of Petroleum and Energies, Senegal, remarked that, “Our country has developed a balanced transition strategy, leveraging extractive resources, complemented by an increase in our renewable resources. This enables us to address various challenges and be present at the forefront of these issues.”

Taking place in the Islamic Republic of Mauritania’s capital city of Nouakchott on 21-22 November, the MSGBC 2023 conference and exhibition serves as the only event dedicated to energy development in the MSGBC region. The event takes place under the theme, ‘Scaling Energy Opportunities in Africa’s New Frontier’, and is held under the patronage of H.E. Mohamed Ould Cheik Ghazouani, President of the Islamic Republic of Mauritania, and in partnership with the Ministry of Petroleum, Mines and Energy; the Société Mauritanienne des Hydrocarbures (SMH); Petrosen; COS Petrogaz; and the African Energy Chamber.

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

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Islamic Development Bank (IsDB) Group–World Association of Investment Promotion Agencies (WAIPA) Investment Excellence Awards 2026 Announce Winners

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41 minutes ago

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November 11, 2026

By

Islamic Development Bank

Beyond recognizing excellence, the Awards foster peer learning and the exchange of best practices among IsDB Member Countries, helping transform investment opportunities into sustainable, impactful, and investment-ready projects

GENEVA, Switzerland, November 11, 2026/APO Group/ –The IsDB Group–WAIPA Investment Excellence Awards 2026 (https://www.IsDB.org) concluded today during the 30th World Investment Conference (WIC 2026) in Geneva, Switzerland, recognizing outstanding Investment Promotion Agencies (IPAs) for their contributions to sustainable investment, investment facilitation, and economic development across IsDB Member Countries.

 




  

The General Authority for Investment and Free Zones (GAFI), Egypt, received the IsDB Group- WAIPA Investment Excellence Awards 2026 for Outstanding Sustainable Investment Project for the Kom Ombo Solar PV Power Project, a landmark initiative that has delivered measurable economic, social, and environmental impact while advancing the Sustainable Development Goals (SDGs).

Invest Oman received the IsDB Group-WAIPA Investment Excellence Awards 2026 for Investment-Ready Projects, Partnerships & Facilitation Excellence in recognition of its success in developing investment-ready opportunities through effective partnerships, stakeholder coordination, and investor facilitation.

The National Investment Promotion Agency of Comoros received a Special Recognition Award for Least Developed Countries (LDCs). The agency was recognized for supporting investors at every stage, from preparing projects to aftercare.

The Awards are a joint initiative of the Islamic Development Bank (IsDB) Group and World Association of Investment Promotion Agencies (WAIPA), established to recognize Investment Promotion Agencies (IPAs) from IsDB Member Countries that are driving sustainable development, private sector growth, economic diversification, and long-term prosperity through investment.

A total of 15 applications were submitted for the 2026 edition. Following an eligibility screening process, all eligible submissions were reviewed and assessed by an independent international jury, which selected the winners based on the published evaluation criteria.

The awards were presented by Mr. Ismail Ersahin, Chief Executive Officer of WAIPA; Mr. Sahal Almarwai, Division Manager of Outreach & Events Management at the IsDB Group Business Forum (THIQAH); and Mr. Kadir Basboga, Associate Manager, Regional Integration, Cooperation & Capacity Development at IsDB. The ceremony brought together IPAs leaders, senior government officials, investors, and private sector representatives attending the World Investment Conference (WIC) 2026.

Launched during the IsDB Group Annual Meetings 2026 in Baku, Azerbaijan, the Awards reflect the evolving role of IPAs in supporting investors throughout the investment lifecycle, strengthening investment ecosystems, coordinating stakeholders, and developing bankable investment opportunities. Beyond recognizing excellence, the Awards foster peer learning and the exchange of best practices among IsDB Member Countries, helping transform investment opportunities into sustainable, impactful, and investment-ready projects.

Distributed by APO Group on behalf of Islamic Development Bank Group (IsDB Group).

 

 




 

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Lord Nicholas Stern to headline Africa’s Green Economy Summit as continent looks towards 32nd Conference of the Parties (COP32)

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43 minutes ago

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November 11, 2026

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COP32

AGES 2027 brings global and African leaders together in Cape Town to focus on financing and delivering Africa’s sustainable future

CAPE TOWN, South Africa, November 11, 2026/APO Group/ –Professor Lord Nicholas Stern, one of the world’s leading authorities on the economics of climate change, will deliver a keynote address at Africa’s Green Economy Summit (https://apo-opa.co/4iRv4j7) (AGES), taking place from 23 to 26 February 2027 at the Century City Conference Centre in Cape Town. His participation comes as Africa looks towards COP32, which Ethiopia will host in 2027.

 




  

Professor Lord Nicholas Stern, IG Patel Professor of Economics and Government and Chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science, will address delegates during the opening keynote session: “Ready for the World: Financing and Delivering Africa’s Sustainable Future.”

A foundational figure in shaping the economic case for global climate action, Professor Lord Nicholas Stern led the landmark Stern Review on the Economics of Climate Change, which demonstrated the profound economic risks of inaction on climate change and made the case for investment in a transition to a low-carbon economy.

His participation comes as Africa enters an important period for climate action. With COP32 placing the global spotlight on the continent, the focus is increasingly shifting from ambition and commitments towards implementation: mobilising capital, building investable projects, strengthening resilience and ensuring the green transition supports economic growth, industrialisation and jobs.

“COP32 is an opportunity for Africa to change the narrative from a continent seeking climate finance to a continent offering some of the world’s most compelling green investment opportunities. AGES 2027 is about making that opportunity tangible by connecting capital with projects, policy with implementation, and ambition with delivery,” says Emmanuelle Nicholls, Group Director: Green Economy at VUKA Group.

That transition from ambition to delivery sits at the heart of the newly released AGES 2027 programme, with “Road to COP32: Africa’s Implementation Agenda” running as a cross-cutting theme throughout the summit. The opening programme also features a dedicated discussion on Africa’s adaptation and resilience agenda on the road to COP32.

New voices shaping Africa’s green economy

AGES 2027 is about making that opportunity tangible by connecting capital with projects, policy with implementation, and ambition with delivery

Professor Lord Nicholas Stern will be joined by a growing line-up of African and international leaders spanning green growth, climate finance, development finance, trade and investment.

Confirmed speakers include:

  • Mallé Fofana, Deputy Executive Director and Head of the Directorate for Green Growth Implementation at the Global Green Growth Institute
  • Satu Kahkonen, World Bank Division Director for South Africa, Botswana, Namibia, Lesotho and Eswatini
  • Haile Mekonnen, COP32 Climate Finance Representative for the Ethiopian Private Sector and member of UNECA’s COP32 Climate Finance Technical Team
  • Aakif Merchant, Director and Head of Africa at Convergence
  • Dave Chalila, Head of Africa and Middle East Investments at GuarantCo (PIDG)
  • Roslyn Ng’eno, Senior Investment Expert at the African Continental Free Trade Area Secretariat

 

The programme will examine some of the most immediate opportunities and challenges shaping Africa’s sustainable development, including energy access and green industrialisation, water security, sustainable agriculture, climate and nature finance, critical minerals, sustainable mobility, carbon finance, digital infrastructure and the mobilisation of institutional capital.

From climate ambition to capital

The COP32 conversation at AGES will be grounded in investment and delivery.

AGES 2027 is expected to bring together 700+ delegates, 150+ investors and 40 investment-ready projects representing a US$2 billion pipeline, creating a marketplace connecting African opportunities with the capital, partners and expertise required to take them forward.

New additions for 2027 include a Ministerial & Technical Leadership Roundtable, a closed-door DFI Roundtable and the Green Village, alongside investor roundtables, curated matchmaking and project pitches.

The City of Cape Town returns as host city for AGES 2027.

The full AGES 2027 programme is now available, together with the summit’s new infrastructure and SMME Dealbooks highlighting investment-ready African projects seeking capital and partnerships.

Distributed by APO Group on behalf of VUKA Group.

 




 

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South African National Petroleum Company (SANPC) Confirmed as South Sudan Oil & Power (SSOP) 2026 Platinum Sponsor as Upstream Footprint Expands

Published

2 hours ago

on

November 11, 2026

By

Etu Energias

The South African National Petroleum Company is participating in the seventh edition of South Sudan Oil & Power as a platinum sponsor

JUBA, South Sudan, November 11, 2026/APO Group/ –The South African National Petroleum Company (SANPC) has been confirmed as a Platinum Sponsor of the upcoming South Sudan Oil & Power (SSOP) 2026 conference, taking place November 24–25 in Juba.

 




 
 

SANPC’s sponsorship underscores the event’s position as the country’s official platform for dealmaking and project development, connecting domestic opportunities with regional and international partners.

Returning for its seventh edition, SSOP 2026 will feature high-level panel discussions, project showcases and exclusive networking sessions aimed at aligning technical and financial capabilities with South Sudan’s energy renaissance. SANPC CEO Godfrey Moagi will lead the company’s delegation, participating in key discussions and outlining the company’s expanding exploration and investment footprint in the country.

Moagi will participate in the Regional National Oil Companies (NOC) panel, titled Resource Renaissance: Energy-Fueled Growth for a New Generation. The session will focus on cross-border cooperation to reinforce regional energy security and unlock the economic potential of South Sudan’s estimated 3.5 billion barrels of proven crude oil reserves.

The dialogue comes as South Sudan targets an output expansion from approximately 174,000 barrels per day (bpd) to 230,000 bpd in the near term, with a long-term goal of 450,000 bpd. With roughly 90% of South Sudan’s reserves undeveloped, SANPC is positioning itself as a strategic, long-term technical and commercial partner to accelerate greenfield monetization and asset optimization.

With only 30% of South Sudan’s territory systematically explored, SANPC’s technical investments are delivering critical basin knowledge to underpin future exploration rounds. These technical contributions are anchored by ongoing work in Block B2, situated in Greater Jonglei State. In 2024, SANPC completed an extensive aerial geophysical survey covering approximately 47,000 km² – one of the largest airborne mapping initiatives executed in the country. The company has since progressed toward field-level preparations, advancing terrain reconnaissance to support a planned 2D seismic campaign aimed at defining drillable prospects in partnership with Nilepet.

As South Sudan pursues new partners to advance exploration, SSOP 2026 offers a platform for SANPC to provide strategic updates on its local operations, connect with local players and explore joint ventures with regional NOCs and international service providers.

To register for South Sudan Oil & Power 2026 in Juba on November 24–25, visit: https://SouthSudanOilPower.com/.

 

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

 




 

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