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Advancing Sustainable Investment in Africa: International Energy Forum (IEF) Leads Energy Security and Just Transition Roundtable

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International Energy Forum

Day 2 of AEW 2023 featured a roundtable, hosted by the IEF, that examined global energy and climate policies and how Africa can leverage its energy markets to achieve its UN Sustainable Development Goals

CAPE TOWN, South Africa, October 18, 2023/APO Group/ — 

The second day of African Energy Week (AEW) 2023 – organized by African Energy Chamber (www.EnergyChamber.org) – featured a roundtable hosted by inter-governmental organization, the International Energy Forum (IEF). The roundtable featured a diverse lineup of industry leaders who examined how Africa can leverage its energy markets to achieve its UN Sustainable Development Goals and COP28 objectives by 2030.

Global energy and climate policies, impacted by successive shocks, now pose risks to energy security and just transitions. As such, the roundtable highlighted dialogue and collaboration as essential strategies to mitigate trade and investment hurdles, ensuring market predictability and affordability for a sustainable future.

“If we dare to isolate Africa, we will be making a big mistake. We always think global and act global, but we have to be careful when we see resources just go out and become unable to use those resources to empower Africans and create value,” stated NJ Ayuk, Executive Chairman of the AEC, adding, “We need to level the playing field when it comes to driving market conditions.”

The roundtable went on to discuss Africa’s pivotal role in global supply chains and its energy landscape, with the speakers shedding light on Africa’s energy challenges and how the continent can seize opportunities in the energy transition.

“We kicked off our global energy solutions last year at AEW 2022 and we wanted it to be a review of the lessons learned from the energy crisis, but also what’s working and not working in terms of the energy transition,” stated Joseph McMonigle, Security General at IEF, adding, “The singular linear, one-size-fits-all approach to net-zero is outdated and misguided, and what we need is a multi-dimensional approach that implements multiple starting points and pathways that allows countries to use their capital resources and expertise.”

The conversation around the energy transition has moved away from a one-size-fits-all approach to recognizing that there are several pathways to the transition

It was noted during the session that cooperation and collaboration will be essential to addressing the challenges posed by the dual objectives of securing energy supply while transitioning to cleaner and more sustainable energy sources. By fostering dialogue and working together, the speakers indicated that the continent will be well-positioned to develop strategies that ensure a stable energy supply while promoting and supporting the adoption of renewable energy technologies.

“The conversation around the energy transition has moved away from a one-size-fits-all approach to recognizing that there are several pathways to the transition. These pathways look different for everyone, from the global north to the global south to within individual countries. Key fundamental issues to consider are that whatever solutions you bring to the table, better meet full criteria: is it affordable, is it accessible, and is it sustainable?” prompted Proscovia Nabbanja, CEO of Uganda’s state-owned, Uganda National Oil Company Limited.

For many African countries, oil revenues continue to play a significant role in their economies. However, fluctuations in oil prices can pose economic challenges. As such, the roundtable highlighted optimal production as key to promoting energy reliability and economic growth while driving sustainable development. The speakers addressed the skills gap in Africa and underlined local content development as a key opportunity to embrace a sustainable and prosperous energy future.

“We can’t industrialize without energy,” stated Dr. Omar Farouk Ibrahim, Secretary General of continental energy organization, the African Petroleum Producers’ Association, adding, “Fossil fuels, oil, and gas are reliable, affordable, and readily available. The conversation on limiting emissions is not just, it’s not fair, because we all seem to concentrate on current operations in emission.”

The session concluded with the panelists discussing the importance of local content development as a key strategy towards advancing sustainable energy development. It was noted that pushing for inclusivity and pushing for an agenda that considers Africa’s vulnerabilities and opportunities will be imperative for the continent to utilize its natural resources in a manner that is sustainable, equitable, and fair.

#AEW2023 takes place this week in Cape Town under a mandate to make energy poverty history by 2030. Keep following www.AECWeek.com for more exciting information and updates about Africa’s premier energy event.

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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