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Driving Energy Development: African Energy Week (AEW) 2025 to Explore the Role of International Oil Companies (IOCs) in Africa

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African Energy Week

International oil companies are driving Africa’s energy growth through new discoveries, investments and collaborations, with this year’s African Energy Week: Invest in African Energies conference paving set to facilitate partnerships in the industry

CAPE TOWN, South Africa, March 3, 2025/APO Group/ –International oil companies (IOCs) active across Africa’s energy sector are delivering on a promise to support economic growth, job creation, capacity building and knowledge sharing. Within the past month alone, energy major bp and its partner Harbour Energy started production at the second phase of the Raven development, offshore Egypt, while Italian supermajor Eni contracted Chinese engineering firm Hilong Offshore Engineering to deliver transportation and installation works for two wellhead platforms at the Congo LNG project.

Through investments in exploration, production and infrastructure, IOCs assist in maximizing the full potential of Africa’s vast oil and gas resources while fostering capacity-building programs and local partnerships. This year’s African Energy Week (AEW): Invest in African Energies 2025, taking place on September 29-October 3, will bring together industry leaders, policymakers and investors to explore new opportunities in oil and gas, deepening exiting partnerships and facilitating deals that strengthen the role of IOCs in Africa’s energy sector.

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.

A New Era in Exploration and Production

Amidst the backdrop of a new era in exploration and production in Africa, exploration company Impact Oil & Gas recently announced the successful completion of drilling at the Tamboti-1X exploration well in Block 2913B, offshore Namibia while independent company Custos Energy announced the completion of supermajor Chevron’s farm-in to PEL 82. On the heels of an IOC-led exploration blitz in Namibia, which resulted in a string of major discoveries, the country has become a hotspot for hydrocarbon investment, with first production set for 2029.

International oil companies are at the forefront of Africa’s energy transformation, driving growth through strategic investments and new discoveries

Exploration company Pancontinental Energy recently announced its focus on two hydrocarbon leads – Oryx and Hyrax – within the Saturn Complex of PEL 87 in Namibia’s Orange Basin. Meanwhile, exploration firm ReconAfrica has found oil indications at its Naingopo exploration well, located onshore Namibia within the Damara Fold Belt. Other recent developments include energy corporation Galp’s discovery at the Mopane-2A well, independent equity producer Azule Energy’s farm-in agreement for offshore Block 2914A and QatarEnergy’s acquisition of a 27.5% working interest in Block 2813B.

Azule Energy – a joint venture (JV) between Eni and bp – also plays an important role in growing Angola’s hydrocarbons industry. In February this year, the IOC completed the Quiluma and Maboqueiro offshore platforms, contributing to the development of Angola’s first non-associated gas project. To support decarbonization in Angola, Azule Energy awarded a two-year contract last September to software company Opsealog to enhance environmental performance across its offshore supply vessel fleet in the country.

Advancing Collaboration with NOCs

Collaboration between IOCs and national oil companies (NOCs) fosters economic growth by creating jobs, developing infrastructure and generating revenue through oil and gas projects. A JV between Chevron and the Nigerian National Petroleum Corporation resulted in the discovery of oil in the Niger Delta in October last year. In May last year, energy major TotalEnergies, along with its Block 20/11 partners Petronas and Sonangol announced FID at the Kaminho deepwater project in Angola.

TotalEnergies and China National Offshore Oil Corporation are working with the Ugandan and Tanzanian NOCs to develop the 1,443-km East African Crude Oil Pipeline – due to come online in 2026. Meanwhile, collaboration among Mauritania’s NOC SMH, Senegal’s NOC Petrosen, bp and Kosmos Energy led to the start of LNG production at the Greater Tortue Ahmeyim project in early-2025. Petrosen also developed the Sangomar Oilfield alongside Woodside Energy, achieving first production in 2024. Such partnerships continue to drive projects forward in Africa, highlighting the role IOCs play in Africa’s oil and gas industry.

“International oil companies are at the forefront of Africa’s energy transformation, driving growth through strategic investments and new discoveries. These companies are not only delivering on their promise to support economic development, job creation and knowledge sharing, but also unlocking the vast potential of Africa’s resources. With events like African Energy Week 2025 serving as a pivotal platform for deal-making and partnership building, the continent is entering a new era of exploration and production,” says Sergio Pugliese, Executive President for the African Energy Chamber in Angola.

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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