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Accelerating Sustainable Hydrocarbon Developments in Africa: SLB Joins African Energy Week 2023 as Bronze Sponsor

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Hydrocarbon

Global technology company SLB has joined the African Energy Week 2023 conference as a bronze sponsor

JOHANNESBURG, South Africa, August 29, 2023/APO Group/ — 

As Africa’s energy sector grows and new investment is directed into the continent’s vast oil and gas basins, the role service companies play in integrating technological advancements with sustainable oilfield practices continues to expand. Companies such as SLB (formerly Schlumberger), a global technology company with an extensive footprint across Africa, are at the forefront of this transformation, delivering innovative ideas to producing low-carbon oil and gas in Africa.

At this year’s African Energy Week (AEW) conference and exhibition, SLB is a bronze sponsor. Set to take place October 16–20 in Cape Town, AEW is a gathering of key stakeholders in the African energy sector, including government officials, industry leaders, investors, and experts, coming together to discuss and shape the future of Africa’s energy landscape. The company’s sponsorship underscores the importance of Africa in the global energy industry and highlights SLB’s dedication to facilitating the continent’s sustainable energy growth.

Present in almost every major producing region in Africa, SLB has a long-history of driving successful project developments across the continent. In West Africa, the company has been present for over 80 years, and has dedicated itself to understanding the region’s unique challenges, optimizing hydrocarbon recovery, and improving production. SLB provides comprehensive support throughout the E&P life cycle, from reservoir characterization and drilling to production and processing performance. Offshore Guinea benefits from the company’s expertise through a high-quality 2D prestack time-migrated dataset, crucial for evaluating exploration and production activities in the area.

SLB’s impactful activities in Africa signify a transformative stride towards bolstering the continent’s energy security and sustainability

With a commitment to Africa’s energy sector that extends beyond advocacy, SLB initially established its regional headquarters in Dakar, Senegal, in 2022, demonstrating its dedication to the continent’s sustainable energy development. Subsequently, in 2023, SLB took another significant step by opening a state-of-the-art regional office in Lagos, Nigeria. This strategic progression signifies SLB’s proactive approach to not only enhancing the employee experience but also fostering a sustainable business environment for the benefit of all stakeholders in two key African locations.

In Southern Africa, the company is working on the Angola Depth Imaging Project, focusing on advanced depth imaging techniques to improve subsurface mapping in the country. Additionally, the company is a key contributor to the Angola 3D Reimaging Survey, reprocessing existing 3D seismic data to gain a more comprehensive understanding of Angola’s geology. The company also offers an extensive multiclient data library for offshore Mozambique, encompassing both 2D and 3D seismic data, and is actively acquiring 15,000 km2 of broadband 3D seismic data in the Mozambique Angoche Basin. These projects collectively reflect its commitment to advancing Africa’s energy sector by providing critical data and expertise for exploration and production activities in the region.

The company also plays a key role in North Africa. In 2023 SLB inked a significant contract with Libya’s National Drilling Company, a subsidiary of its National Oil Corporation, to undertake drilling operations for three new wells situated in the Nesr and Al Waha fields. SLB’s technical assistance and expertise will enhance the operational efficiency of the sector, furthering Libya’s ambitions in the energy domain.

SLB’s role in Africa as a service and technology company is pivotal in the continent’s energy transition. The company’s extensive experience and advanced technologies are essential for enhancing efficiency, sustainability, and reducing carbon emissions. SLB provides valuable expertise in sustainable energy practices, drives innovation, and fosters economic growth by generating employment and technology transfer. In essence, SLB plays a vital role in propelling Africa toward a greener and more sustainable energy future.

“SLB’s impactful activities in Africa signify a transformative stride towards bolstering the continent’s energy security and sustainability. The company’s commitment to technological excellence and sustainable practices not only advances Africa’s energy sector but also aligns with our collective vision of a prosperous, secure, and environmentally responsible energy future for Africa and its people,” states NJ Ayuk, Executive Chairman of the African Energy Chamber (AEC).

As AEW 2023 approaches, SLB’s bronze sponsorship will contribute to the event’s success by fostering meaningful discussions, facilitating valuable partnerships, and furthering dialogue on advancing Africa’s energy sector towards a sustainable and prosperous future.

Distributed by APO Group on behalf of African Energy Chamber.

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

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

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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IsDBI

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

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

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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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