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Marathon Oil Accelerates Project Development in Africa, Returns to African Energy Week (AEW) 2024 as Silver Sponsor

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Marathon Oil

Marathon Oil joins African Energy Week: Invest in African Energy 2024 in November as a silver sponsor, highlighting its contributions and ongoing commitment to energy development across the continent

CAPE TOWN, South Africa, July 26, 2024/APO Group/ — 

Independent exploration and production company Marathon Oil entered a five-year LNG sales agreement last year with diversified natural resource company Glencore Energy UK for its equity natural gas from the Alba Field offshore Equatorial Guinea. The agreement aims to optimize gas operations by redirecting partial volumes from the methanol plant to the LNG facility next year. Further boosting gas monetization in the country, the agreement serves to diversify the utilization of gas for the benefit of local communities.

Amid this gas monetization drive, Marathon Oil has joined the African Energy Week (AEW): Invest in African Energy 2024 conference – scheduled for November 4-8 in Cape Town –  as a silver sponsor. Under the theme Energy Growth Through an Enabling Environment, AEW: Invest in African Energy gathers investors and developers to explore opportunities in Africa’s energy sector. Marathon Oil’s sponsorship reflects its commitment to investing in Africa’s energy future as well as its focus on maximizing Africa’s natural gas resources.  

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

Marathon Oil’s long-standing operations in Equatorial Guinea, particularly in advancing LNG production and gas infrastructure, reflect its dedication to the country’s energy goals

The Alba Field – one of the nation’s largest gas fields – is vital for the country’s energy landscape, supported by critical infrastructure such as the Alba Plant LPG facility, the Equatorial Guinea LNG plant – operated by Equatorial Guinea LNG Operations – and the Atlantic Methanol Production Company’s (AMPCO) methanol production facility. These projects fall under Equatorial Guinea’s larger Gas Mega Hub (GMH) initiative, which aims to position the country as a regional processing hub for LNG.

Marathon Oil inked a Heads of Agreement last year with Noble Energy and Equatorial Guinea to advance the second and third phases of the GMH in 2023. This agreement builds on the success of the project’s initial phase, which involved tying up the Alen Field in the Gulf of Guinea to the Punta Europa LNG Terminal on Bioko Island, delivering first gas in February 2021. The GMH strategy is a key component in monetizing gas resources both within Equatorial Guinea and regionally. By connecting multiple gas fields  – such as the Alen field and the Alba gas field – to centralized processing and export facilities, the GMH not only optimizes resource utilization but also enhances energy security and economic development in the region. Additionally, Marathon’s partnerships with US independent Chevron and other industry leaders have been pivotal in advancing the GMH strategy, ensuring that Equatorial Guinea remains a key player in the regional gas market.

Meanwhile, the company is set to be acquired by multinational energy company ConocoPhillips in an all-stock transaction valued at $22.5 billion – expected to finalize in Q4 2024. This acquisition will integrate Marathon Oil’s robust portfolio and expertise in exploration and production with ConocoPhillips’ own capabilities and expertise as well as a new stream of investments. By combining complementary assets and operational excellence, the merger positions the combined entity to enhance investments in Africa’s energy sector. This strategic alignment is set to drive economic growth and enhance energy security across the continent, leveraging ConocoPhillips’ global reach and Marathon Oil’s established presence in key African markets.

“Marathon Oil’s long-standing operations in Equatorial Guinea, particularly in advancing LNG production and gas infrastructure, reflect its dedication to the country’s energy goals. The company’s contributions, such as the development of the Alba Field and the LNG facility, have been vital for growing the sector and driving economic development,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

Returning to this year’s edition of AEW: Invest in African Energy, Marathon Oil will bring a wealth of expertise in exploration, production and sustainable energy practices. By collaborating with industry leaders and African stakeholders, Marathon Oil aims to support the continent’s journey towards energy independence and sustainable development.

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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