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Russia’s Energy Push in Africa: What It Means for the Continent’s Future

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African Energy Week

As Russia strengthens its energy footprint in Africa through strategic investments in oil, gas and nuclear power, African Energy Week 2025: Invest in African Energies has emerged as a key platform for further enhancing Russia’s role in the continent’s energy sector

CAPE TOWN, South Africa, April 1, 2025/APO Group/ –Russia has increasingly focused on bolstering its energy partnerships with African nations, signaling a broader strategy to boost its geopolitical influence across the continent. Recent investments in Africa’s oil, gas and nuclear sectors reflect Russia’s ambitions to diversify its global energy engagements while capitalizing on the continent’s growing energy demands.

In an effort to further solidify ties with Russia, the African Energy Chamber (AEC) is currently on a working visit to Moscow, engaging in discussions with Russian energy leaders. The visit highlights the growing importance of Russia-Africa energy cooperation, as the AEC explores further investment and partnership opportunities within Africa’s energy sector. The AEC’s engagement with Moscow aligns with the broader goal of attracting diverse energy investments to meet Africa’s energy needs, and underscores the ongoing efforts to enhance Russian involvement in the continent’s energy market.

Against this backdrop and ongoing G20 discussions on energy security and sustainabilityRussia’s latest energy ventures in Africa are paving the way for deeper economic ties, increased Russian influence in the African energy market and potential opportunities for expanded collaboration in infrastructure development and technology transfer.

Russia’s Expanding Presence in African Energy

Russia’s leading energy companies are rapidly expanding their influence across the continent. In September 2024, Russian multinational energy corporation Lukoil signed a Memorandum of Understanding (MoU) with the Ministry of Hydrocarbons of the Republic of Congo to enhance cooperation in oil exploration and production. For Russia, Congo’s oil sector is a key resource that strengthens its position in the global energy market and supports its strategy to deepen ties with resource-rich African nations. With the G20’s focus on energy security and diversification, the agreement further solidifies Russia’s role as a pivotal player in Africa’s energy landscape.

Russia’s state-owned gas giant Gazprom has also expanded its operations. In Tanzania, Gazprom secured a deal to explore and produce natural gas, with an emphasis on compressed natural gas, which is vital for the East African nation’s growing energy needs. Tanzania’s efforts to diversify its energy sources highlight the significance of this partnership, providing Gazprom access to East Africa’s untapped gas potential while deepening the commercial ties between the two countries.

Meanwhile, Russian nuclear power company Rosatom is making inroads into Africa’s energy sector. Rwanda is currently negotiating with Rosatom to establish a nuclear science and technology center and potentially build a nuclear power plant, which would also involve local capacity building, specialized training and technology transfer. Rosatom’s activities are part of Russia’s broader strategy to provide advanced nuclear technology and enable African countries to diversify their energy sources. The company has also signed an MoU with Guinea-Conakry to develop floating nuclear power plants; three cooperation agreements with Mali to explore the construction of a low-power nuclear plant; and a nuclear cooperation deal with the Republic of Congo. Nuclear power is becoming an attractive option for many African nations looking to meet growing energy demands while reducing reliance on fossil fuels. Rosatom’s involvement positions Russia as a key partner in Africa’s energy transition, aligning with G20 discussions on sustainable and diversified energy sources.

The Future of Russia’s Energy Engagement in Africa

Russia’s growing energy investments in Africa reflect a strategic push to secure long-term energy partnerships with resource-rich nations. These investments – spanning oil, gas and nuclear sectors – demonstrate Russia’s commitment to becoming a dominant energy player in Africa, capitalizing on the continent’s untapped energy potential. For Russia, Africa represents a vital frontier in the global energy market, and its rising energy demands and need for infrastructure development have created opportunities for Russian companies to provide both traditional and alternative energy solutions. These investments align with Russia’s efforts to secure long-term access to vital resources in a shifting global energy landscape, while competing with established players like the U.S. and China on the continent

African Energy Week (AEW) 2025: Invest in African Energies has become the premier platform for discussing Africa’s energy future and attracting global investments in the sector. As the continent seeks to diversify its energy mix, AEW offers a valuable opportunity for Russian companies and investors to deepen their engagement on the continent, forge new partnerships and explore emerging opportunities in Africa’s evolving energy landscape.

Looking ahead, Russia’s energy strategy in Africa will likely focus on strengthening bilateral ties, enhancing energy security and contributing to the continent’s energy transition. As the G20 continues to prioritize global sustainability and diversification, Russia will aim to position itself as a reliable partner in both traditional energy resources and emerging technologies like nuclear power. Russia’s expanding presence in Africa’s energy industries underscores its ambition to become a strategic partner for the continent. However, navigating geopolitical dynamics and international competition will be key to ensuring that the country’s investments deliver long-term benefits for both Russia and Africa’s energy future. The coming years will be crucial in determining whether Russia can solidify its position as a leading energy player on the continent, especially in light of the G20’s focus on sustainable energy development.

Distributed by APO Group on behalf of African Energy Chamber.

Business

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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