Connect with us
Anglostratits

Business

The Way of a Legend; An Italian Champion of African Energy: Eni Chief Executive Officer (CEO) Claudio Descalzi (By NJ Ayuk)

Published

on

Energy

As a longtime promoter of African energy potential, Descalzi has overseen major hydrocarbon projects in countries from Congo to Libya to Nigeria — both oil and natural gas

JOHANNESBURG, South Africa, September 23, 2025/APO Group/ —By NJ Ayuk, Executive Chairman, African Energy Chamber (https://EnergyChamber.org/).

Eni CEO Claudio Descalzi has never stopped making Africa his and Eni’s first choice for investment.

I know Mr. Descalzi as a shrewd negotiator, a disciplined CEO, and a strong advocate of natural gas development on our continent. As he champions African energy independence and sovereignty, natural gas has been and remains key to his work in Africa.

Even during difficult times, he has persisted in furthering his company’s investments in Africa, as he did following the Russian invasion of Ukraine. At that critical time, he encouraged the EU to consider imports from Africa to replace Russian petroleum, including the 20 billion cubic meters (bcm) of Russian gas Italy was importing annually.

As a longtime promoter of African energy potential, Descalzi has overseen major hydrocarbon projects in countries from Congo to Libya to Nigeria — both oil and natural gas. Under his leadership, Eni has launched some of the continent’s fastest-moving liquefied natural gas (LNG) projects while prioritizing low carbon output.

Along with the business side of his role, the CEO has encouraged the company’s country managers and executives to take on many social responsibility efforts in Africa.

On a more personal note, when you talk to many African President’s, Ministers and business leaders, he is always a source of wise counsel — something I see as the mark of a true legend. He is always willing to work with others and share his experiences and knowledge about doing business in other markets.

The Man and the Company

A native of Milan and a 1979 physics graduate of the city’s namesake university, Descalzi has a deep history with Eni, having started in 1981 as a field petroleum engineer. His broad understanding of the industry and the company has been forged within many roles of increasing responsibility — in Africa, the Middle East, China, and — from 2010 to 2014 —as Chairman of Eni UK.

In May of 2014, he took on the role of CEO for Eni.

Among the founding CEOs of the 2014 Oil and Gas Climate Initiative, Descalzi is also a member of the European Round Table for Industry and co-chair of the Oil and Gas Governors Community of the World Economic Forum.

A Visiting Fellow at The University of Oxford, he has received many significant industry awards, among them the esteemed Charles F. Rand Memorial Gold Medal award from the Society of Petroleum Engineers and the American Institute of Mining Engineers.

To its great credit, Eni has been working in Africa since the 1950s to develop the continent’s resources and form partnerships that secure a supply of natural gas and advance the world’s energy transition.

Those efforts, employing a mix of traditional, renewable, and bio energy, are making progress toward the 2050 Net Zero target in 13 African countries. It’s also important to note that the company employs thousands in Africa, and that 80% of the gas it produces there goes to local markets.

Eni Activity in Africa Under Descalzi’s Leadership

Egypt, Algeria, and Libya have been cornerstones of Eni’s African presence. Eni’s history in Libya began in 1959 with the acquisition of its first concession. After a 10-year hiatus in onshore drilling in Libya, caused primarily by the country’s civil war, Descalzi made sure that Eni was one of the first companies to re-enter the country in 2024.

Eni’s activities in Algeria date back to the early 1980s, and Algeria remains one of the company’s largest suppliers of gas to Europe.

Egypt, meanwhile, gained global attention in 2015 with Eni’s Zohr discovery, one of the largest gas finds ever in the Mediterranean.

Internal demand in these countries — because of demographic growth — is increasing at about 7 to 8% every year, this means they need gas … they need investment

Eni now plans to invest close to USD9 billion each in Algeria and Egypt, as well as Libya, over the next four years. Descalzi has stated (https://apo-opa.co/46MtAlb), “Internal demand in these countries — because of demographic growth — is increasing at about 7 to 8% every year, this means they need gas … they need investment.”

In Angola, I was lucky to have been with Mr. Descalzi when his efforts alongside BP to launch the Agogo floating production, storage, and offloading (FPSO) vessel and to form the first major international oil company (IOC) joint venture in Africa, Azule Energy.  During a recent meeting with Angolan President Lourenco in Luanda, the two leaders talked about Azule’s exploration and delivery achievements. They noted that the Agogo, planned to become the first carbon-neutral FPSO in Angola, began production 10 months ahead of the original plan.

As the biggest independent equity oil and gas producer in Angola, Azule Energy holds 18 licenses, 11 of which are operating and producing a total of 210,000 barrels per day (bpd).

Congo:  In 2023, Descalzi was instrumental in launching the Congo LNG project, encompassing the installation of two floating LNG (FLNG) plants to process gas from the country’s current and future fields, helping foster European energy security, while providing sufficient gas for Africa. Tango FLNG, with a 0.6 million tons per annum (MTPA) capacity, began production in December 2023. Nguya FLNG is set to begin production (2.4 MTPA) by the end of this year, boosting the total capacity of the project to 3 MTPA.

In Côte d’Ivoireunder Descalzi’s leadership, Eni has been working since 2015, and is currently working in 10 deepwater blocks.

Eni’s Baleine field offshore project is the first net-zero upstream project in the world for Scope 1 and 2 emissions. After Eni fast-tracked the building project, it went from discovery to first oil in less than 19 months.

Baleine Phase 1 began production in 2023, and Phase 2 started producing in December 2024. Phase 2 is expected to meet local energy needs by connecting with pipeline constructed during Phase 1 and solidifying Côte d’Ivoire’s status as a producer.

Elsewhere on the continent:  In Mozambique, while many companies evacuated due to escalating violence and terror attacks in Cabo Delgado province since 2017, the CEO chose to proceed with Eni’s Coral South and Coral Norte FLNG projects, achieving a final investment decision (FID) for Coral South in 2017 and advancing Coral Norte to pre-FID stage, despite serious security concerns. In Namibia, Descalzi is looking toward more exploration. And, as a legacy producer in Nigeria, Eni, under his leadership, plans to continue working on deepwater and LNG projects, while expanding into the agri-feedstock sector as per the company’s 2023-2026 plan (https://apo-opa.co/3IakaGU).

Social Responsibility Efforts

Eni’s social responsibility initiatives include something very dear to Descalzi’s heart — facilitating clean cooking in sub-Saharan Africa.

Currently, approximately 1 billion Africans lack access to clean cooking. The African Energy Chamber is heartened to see Descalzi’s efforts on this front, including Angola’s Clean Cooking Program, begun in 2024, which already benefits over 500,000 residents in seven of the country’s provinces. He is pushing to get 2 million people in the country access to clean cooking technology very quickly.

On the employment front, Descalzi is ensuring the training and development of Africans — and that they are hired at the highest levels. He is also empowering African women by providing jobs throughout the company. Countless African women can tell stories of him giving them opportunities in the industry.

I would compare Mr. Descalzi to Patrick Pouyanné, the CEO of TotalEnergies, in his engagement with African presidents. He personally goes to each country Eni operates in, unlike most CEOs. He builds personal relationships with presidents and ministers, showing a humility that has made him one of the most favorite CEOs among the IOCs in Africa.

This was illustrated in his September 2025 meetings with Angola’s President Lourenco, where the two talked about Azule’s continuing work on the health, education, and economic diversification fronts. This work includes support for Luanda’s Cardiopulmonary Hospital Complex, business training and financial education programs, and construction and rehabilitation of 14 facilities to help educate over 17,000 children.

His style is not to stop with getting to know the well-knowns, either. He sits with young Africans and jokes with them, motivates and encourages them.

We Applaud Descalzi

It is fitting that we applaud a man who has made a global energy giant a truly African company. Eni’s expertise is evident in all it does in Africa, with its great exploration teams and the projects it completes in a timely, technically savvy way.

In his own quiet way, without international fanfare, Descalzi has worked to the benefit of Africa and Africans.

Descalzi’s care for Africa shows; although he oversees operations across Europe, Asia, the Middle East, and the Americas, he engages the most with Africa, making Africa the largest part of his work.

In short, Africa is part of his family.

Distributed by APO Group on behalf of African Energy Chamber.

Business

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

Published

on

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.

 

Continue Reading

Business

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

Published

on

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.

Continue Reading

Business

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

Published

on

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.

Continue Reading

Trending