Connect with us

Business

Africa Energy Partners Joins African Energy Week (AEW) 2024 as Partner Amid Surge in African Block Opportunities

Published

on

African Energy Week

Taking place November 4-8 in Cape Town, the conference will showcase available acreage and block opportunities in Africa’s oil and gas industry

CAPE TOWN, South Africa, July 11, 2024/APO Group/ — 

Africa’s upstream market continues to attract a slate of new investment as companies capitalize on emerging block opportunities across the continent. Play-opening discoveries in emerging markets and new finds in mature basins showcase the level of prospectivity across the continent’s oil and gas industry and a strong line up of licensing rounds expected in the coming months promise to connect potential investors with African blocks.

Committed to supporting the promotion, marketing and delivery of African oil and gas licensing rounds, international consultancy firm Africa Energy Partners (AEP) has partnered with the African Energy Week (AEW): Invest in African Energy conference – scheduled for November 4-8 in Cape Town. As a partner, AEP will bring its extensive network and expertise to the event, facilitating crucial discussions on licensing rounds and block negotiations. 

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 http://www.AECWeek.com for more information about this exciting event.

Africa offers a wealth of undeveloped acreage across both offshore and onshore markets

To attract a broader range of companies to invest in oil and gas exploration, various African countries are expected to launch or conclude hydrocarbon tenders in 2024/2025, all of which aim to maximize output in producing markets or create viable industries in burgeoning oil and gas plays. Nigeria launched an oil licensing round in April 2024, with 12 offshore blocks available. The round aims to incentivize investment in deepwater acreage. Sierra Leone plans to launch its next licensing round in 2024 on the back of the success of its latest and fifth round – which featured 56 blocks and concluded last September. Additionally, Tanzania is expected to launch its fifth oil and gas licensing round shortly, with licenses set to be awarded by December 2024. Up to 26 blocks have initially been allocated for tender. Following its 2023 tender – which concluded in January 2024 and secured 53 bids – Angola is planning to launch a 2025 licensing round in Q1 of next year, featuring ten blocks in the Kwanza and Benguela basins.

With over thirty years of experience in the African oil and energy sectors, AEP collaborates closely with African ministries, NOCs, regulators, IOCs and technology firms to drive successful upstream tenders. AEP engaged in the Liberia Direct Negotiations 2021–2023, participating in discussions with the government of Liberia, the state-owned National Oil Company of Liberia and Liberia Petroleum Regulatory Authority and service company TGS. This resulted in energy major ExxonMobil submitting an Expression of Interest. Additionally, the successful conclusion of the Lake Albert Blocks in the Democratic Republic of the Congo (DRC) Bid Round was recently supported by AEP. As evidence of the growing awareness of the DRC’s energy potential and AEP’s capacity to draw in foreign investors to support the nation’s oil and gas development, the country received an Expression of Interest from an ASX-listed oil and gas company – yet to be announced.

Meanwhile, the firm also supported Sierra Leone’s fifth offshore licensing round – which was launched in 2022 and extended into 2023 due to high levels of interest. The company partnered with the Petroleum Directorate of Sierra Leone (PDSL) to promote the round, which aimed to connect companies with undeveloped acreage in the country which resulted in F.A. Oil licensing 6 highly prospective blocks. AEP are currently working with the Directorate on the direct negotiations which will close on the 27th of September. Last month, geological service firm GeoPartners, in partnership with PDSL, introduced a legacy 2D seismic dataset that was shot by Amaco to the market in hopes of further attracting investments offshore Sierra Leone.

“Africa offers a wealth of undeveloped acreage across both offshore and onshore markets. Upcoming licensing rounds in both producing and emerging markets promise to not only unlock new resources for the continent but generate high returns for investors given rising global demand and industrialization efforts in Africa. Companies such as AEP provide critical support for successful licensing rounds,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

“With African governments keen to attract rapid investment into their open acreage we have utilized our network of 1000’s of up-to-date C-level decision makers to swiftly evaluate opportunities and it has worked very well in Sierra Leone, Liberia & the DRC. With good fiscal terms backed up with firm G&G prospectivity, the messaging needs to be promoted far and wide and this is what we do for our clients. If you couple this with face-to-face meetings at Africa Energy Week to accelerate the process results in a win-win for governments & investors. Last year’s AEW was superb with an outstanding mix O&G executives from around the globe and I know that this year’s event will be even better” said Matt Hewitson, Managing Parter of Africa Energy Partners.

As a partner to AEW: Invest in African Energy 2024, AEP will bring its extensive network and expertise to the event, facilitating key discussions and collaborations. The firm’s contributions will include providing insights into the latest industry trends and promoting investment opportunities across the African energy sector.

Distributed by APO Group on behalf of African Energy Chamber.

Business

Rhino Resources Joins African Energy Week (AEW) as Gold Sponsor as Southern African Exploration Expands

Published

on

Rhino Resources will participate at the 2026 edition of the African Energy Week conference and exhibition – Africa’s premier event for the energy sector – as a gold sponsor

CAPE TOWN, South Africa, May 8, 2026/APO Group/ –Exploration company Rhino Resources has joined the African Energy Week (AEW) 2026 Conference and Exhibition as a Gold Sponsor, reinforcing its role as one of Africa’s emerging independents driving frontier and greenfield exploration across Southern Africa.

 

Scheduled for October 12–16 in Cape Town, AEW 2026 comes as Rhino Resources accelerates exploration activity across Namibia’s Orange Basin while broadening its footprint into South Africa’s Karoo Basin. The sponsorship reflects the company’s strategy to deepen engagement with investors, service providers and policymakers as it advances multiple assets toward development readiness and future final investment decisions.

At the core of Rhino Resources’ upstream momentum is its multi-well deepwater drilling campaign in Namibia’s Orange Basin – one of the world’s most prolific frontier exploration hotspots. The company is targeting FIDs between late 2026 and early 2027 across operated and partner-led assets, including the co-development of the Volans and Capricornus discoveries in Petroleum Exploration License (PEL) 85.

Rhino Resources represents a new generation of African-focused independents that are willing to take on frontier risk to unlock long-term energy value

Recent drilling results have strengthened the commercial case of these Namibian assets. The Volans-1X well delivered strong gas-condensate flow rates in February 2026, while the earlier Capricornus-1X well confirmed the presence of light oil, positioning Rhino Resources among the key players contributing to Namibia’s ambition of achieving first oil production by 2030.

Beyond Namibia, Rhino Resources is broadening its portfolio through onshore exploration in South Africa’s Karoo Basin. The company is advancing a six-well campaign targeting helium, methane and hydrogen resources in the Free State Province – a move that reflects both geographic diversification and a wider strategy to support a more resilient and diversified regional energy mix.

This expansion comes at a time when Southern African economies face energy security challenges due to ongoing disruptions to global shipping routes, reinforcing the importance of unlocking domestic resource potential to support industrial growth and reduce external vulnerabilities.

Rhino Resources’ role as Gold Sponsor at AEW 2026 therefore comes at a pivotal stage in its growth trajectory. The event provides a platform to showcase its exploration progress, strengthen partnerships and position its projects within the broader African energy investment landscape.

At AEW 2026, Rhino Resources’ executives are expected to participate in high-level panel discussions, offering insights into frontier basin development, cost-efficient exploration strategies and pathways to fast-tracking project commercialization across emerging African markets.

“Rhino Resources represents a new generation of African-focused independents that are willing to take on frontier risk to unlock long-term energy value,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber. “The company’s recent discoveries in Namibia and expanding exploration strategy in South Africa highlight the scale of opportunity across the continent and the critical role independents play in translating resources into production, investment and economic growth.”

Distributed by APO Group on behalf of African Energy Chamber.

Continue Reading

Business

Levene Energy Joins African Energy Week (AEW) as Gold Sponsor Amid Regional Expansion and Market Diversification

Published

on

Levene Energy is scaling its presence across Africa through strategic investments spanning gas infrastructure, upstream development and renewable energy solutions

CAPE TOWN, South Africa, May 8, 2026/APO Group/ –Nigerian integrated energy company Levene Energy has joined the African Energy Week (AEW) Conference and Exhibition as a Gold Sponsor, reinforcing its position as an emerging pan-African energy platform focused on infrastructure expansion, energy access and long-term market diversification.

 

Taking place October 12–16 in Cape Town, AEW 2026 comes as Levene Energy accelerates its transition from a project-focused developer into a long-term energy infrastructure investor with interests spanning upstream, midstream, downstream and renewable energy segments.

A key milestone of this strategy was reached in January 2026 when the company secured a $64 million facility from the African Export-Import Bank to acquire a 30% stake in Axxela Limited. The transaction marks the company’s entry into Nigeria’s regulated gas infrastructure space, strengthening its position in gas processing, distribution and industrial energy supply.

Africa’s energy future depends on building integrated, locally anchored energy systems that can withstand global volatility while delivering reliable and affordable power

The investment also aligns with Nigeria’s Decade of Gas initiative, which seeks to monetize the country’s estimated 600 trillion cubic feet of gas reserves while expanding energy access, supporting industrialization and improving access to cleaner cooking solutions nationwide.

Beyond gas infrastructure, Levene Energy continues to strengthen its upstream portfolio. The company holds interests in multiple producing and exploration assets in Equatorial Guinea, including Blocks EG-03, EG-04, EG-19 and Block P, alongside bitumen assets in Nigeria. This upstream footprint supports a broader strategy to increase resource development and supply in response to rising regional demand for hydrocarbons.

At the same time, the company is advancing its renewable energy business as part of a diversified energy mix strategy. Through its subsidiary LPV Technologies, Levene Energy operates a 200 MW solar panel manufacturing facility in Lagos, supporting both rural electrification initiatives and commercial and industrial adoption of solar power. The focus on distributed energy solutions and local manufacturing reflects Levene Energy’s growing emphasis on energy access, grid resilience and local value creation.

“Africa’s energy future depends on building integrated, locally anchored energy systems that can withstand global volatility while delivering reliable and affordable power,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber. “Levene Energy’s expansion across gas, renewables and infrastructure reflect the kind of long-term, value-driven strategy needed to unlock the continent’s full energy potential.”

The company’s participation at AEW 2026 builds on its recognition as a Local Content Champion at AEW 2025, highlighting its commitment to local capacity building, inclusive growth and the development of African-led energy solutions. AEW 2026 provides a platform for the company to engage with policymakers, investors and industry stakeholders to forge new partnerships and advance its regional expansion strategy across Africa’s evolving energy landscape.

Distributed by APO Group on behalf of African Energy Chamber.

Continue Reading

Business

Gas Supply in the Age of Artificial Intelligence (AI): Can Africa’s Natural Gas Power the Continent’s Digital Future?

Published

on

As AI-driven data demand accelerates, Africa’s vast natural gas reserves are emerging as a critical enabler of data center growth – placing gas at the center of discussions at African Energy Week 2026’s AI and Data Center Track

CAPE TOWN, South Africa, May 8, 2026/APO Group/ –As artificial intelligence (AI) drives an unprecedented surge in data processing, one constraint is becoming increasingly clear: power. Data centers – the backbone of AI – require vast, stable and continuous energy supply. For Africa, this challenge intersects with an opportunity. The continent’s abundant natural gas resources could position it as a future hub for AI infrastructure – if supply can be effectively mobilized.

 

Africa holds over 600 trillion cubic feet of proven natural gas reserves, representing a significant share of global supply. Yet despite this abundance, the continent consumes only a fraction domestically, with much of production historically geared toward exports.

 

At the same time, Africa’s digital infrastructure remains underdeveloped. The continent accounts for just 0.6% of global data center capacity – despite representing nearly 20% of the world’s population. Total installed capacity stands at roughly 1.2 GW across active, planned and pipeline projects, with only about 360 MW currently operational.

 

Demand, however, is accelerating rapidly. Africa’s data center needs are expected to increase 3.5 to 5.5 times by 2030, requiring up to $10–20 billion in investment. Power demand is rising in parallel, growing at 20–25% annually and projected to reach 8,000 GWh in the coming years.

 

This is where natural gas becomes critical. Unlike intermittent renewables, gas-fired power offers dispatchable, baseload energy – making it particularly suited to the always-on requirements of data centers. Globally, data centers already consume around 1.5% of total electricity, with demand growing at roughly 12% annually, far outpacing overall electricity consumption. In emerging markets, where grid reliability is inconsistent, this reliability advantage becomes even more important.

AI data centers require constant, reliable power at scale, and natural gas is the only resource Africa has today that can deliver that immediately

 

Major gas projects across Africa underscore the scale of potential supply. Mozambique’s offshore developments – among the largest globally – are expected to produce over 13 million tons per year of LNG, while Nigeria continues expanding its gas monetization strategy around its 200+ trillion cubic feet of reserves. Meanwhile, new producers such as Senegal and Mauritania are entering the market with large-scale LNG developments.

 

The opportunity is not simply about exporting gas, but about using it domestically to power industrialization and digital infrastructure. Today, Africa exports energy while still facing chronic power shortages, creating a disconnect between resource wealth and economic development.

 

Bridging this gap could redefine the continent’s trajectory. Gas-to-power projects, integrated with data center development, offer a pathway to anchor digital infrastructure in energy-rich regions. Countries such as Nigeria, Egypt and Algeria are particularly well positioned, while emerging producers like Mozambique and Senegal could embed domestic supply into new industrial and digital hubs from the outset.

This convergence is now moving to the forefront of industry discussions. At African Energy Week 2026, the AI and Data Center Track will focus on how power – particularly natural gas – can underpin the continent’s digital expansion. As AI infrastructure scales, the track highlights a central reality: without reliable, scalable energy, Africa risks missing out on the next wave of global digital investment.

“This is not just an energy discussion – it’s an economic strategy,” says NJ Ayuk, Executive Chairman of the African Energy Chamber. “AI data centers require constant, reliable power at scale, and natural gas is the only resource Africa has today that can deliver that immediately. If we align gas development with digital infrastructure, we can industrialize, create jobs and position Africa as a serious player in the global AI economy.”

Still, challenges remain. Infrastructure gaps, pricing constraints and regulatory uncertainty continue to limit domestic gas utilization. Without coordinated investment in pipelines, power plants and digital infrastructure, the continent risks continuing its role as an energy exporter while importing digital services.

As AI drives a new wave of energy demand, natural gas is emerging as a critical enabler of digital infrastructure. For Africa, the challenge – and opportunity – is to turn that advantage into global competitiveness.

Distributed by APO Group on behalf of African Energy Chamber.

Continue Reading

Trending

Exit mobile version