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African Capital Looks to South America’s Next Wave of Energy Development

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African Energy Chamber

Well-capitalized African investors are beginning to target Brazil’s pre-salt and Argentina’s infrastructure buildout as part of a broader push to diversify beyond domestic assets

BUENOS AIRES, Argentina, May 26, 2026/APO Group/ –Africa’s energy sector is entering a different phase of capital formation. For the past two decades, the focus has been on attracting international investment into the continent’s upstream oil and gas projects. Now, a growing base of African sovereign wealth funds, state-backed vehicles and independent operators have both the balance sheet strength and the strategic mandate to look beyond domestic opportunities.

 

This shift is already beginning to translate into outward-looking investment strategies, with South America emerging as a key target market. Africa’s oil and gas production is expected to reach 11.4 million barrels of oil equivalent per day in 2026, with upstream capital expenditure at $41 billion. At the same time, asset sales and farm-downs are creating entry points for new players, while transactions such as Vitol’s $1.65 billion acquisition of Eni assets in Ivory Coast and the Republic of Congo reflect a broader shift toward independents and trading houses taking a more prominent role.

 

As African players consolidate positions at home, attention is increasingly turning outward. South America offers large-scale, resource-rich opportunities with increasingly well-defined development pathways. Brazil’s pre-salt continues to deliver some of the most competitive deepwater barrels globally, while Argentina’s Vaca Muerta is moving into a new phase focused on infrastructure, LNG exports and long-term monetization. Beyond upstream, Brazil’s offshore gas infrastructure, FPSO-driven developments and subsea supply chains are creating opportunities across services and midstream segments, while Argentina’s LNG export ambitions, pipeline expansions and gas processing infrastructure are opening the door to long-term capital deployment.

 

The opportunity, however, is not one-directional. African investors are entering the market with relevant experience. Exposure to deepwater developments, LNG monetization and complex project structures is increasingly common among state-backed funds and their partners. This is particularly relevant in areas such as floating LNG and gas commercialization, where Africa has already demonstrated operational capability in markets like Congo, Nigeria, Cameroon and Mozambique. That expertise is directly transferable to South America’s next phase of gas and infrastructure development.

 

The Atlantic has historically been treated as a barrier between these two regions

A South Atlantic Energy Corridor is beginning to take shape, driven by capital flows, shared investment priorities and growing institutional ties. Africa and South America are often seen as competing for the same capital, technology and market access, but there is increasing scope for coordination. African capital is seeking diversification and scale, while South America is advancing projects that require long-term investment and experienced partners.

 

Institutional alignment will be critical to realizing this potential, and the groundwork is already in place. The African Energy Chamber (AEC) has developed bilateral engagement frameworks linking Latin American stakeholders with African governments, national oil companies and private sector players. In Venezuela, this has been formalized through cooperation with the Ministry of Hydrocarbons and PDVSA across upstream, gas and investment promotion, while similar structures have been advanced with Brazil. The objective is to move beyond ad hoc engagement toward structured South-South energy cooperation, leveraging the Chamber’s network across more than 40 African countries to create direct pathways for investment, partnerships and government-to-government collaboration.

 

“The Atlantic has historically been treated as a barrier between these two regions,” said NJ Ayuk, AEC Executive Chairman. “The reality is that it is a corridor – and the opportunity is to build the institutional and commercial relationships that allow capital, technology and expertise to move in both directions.”

 

There is also a broader strategic dimension. Both Africa and South America have taken clear positions on energy sovereignty, local content and the right to develop hydrocarbon resources in line with national priorities. Aligning those positions at a multilateral level – from the G20 to the International Energy Forum – strengthens their collective influence at a time when global energy policy remains contested.

 

The capital required to develop the next generation of energy projects will not come from traditional sources alone. As South America advances large-scale developments across deepwater, LNG and infrastructure, the opportunity lies in engaging that capital early, before investment relationships are locked in elsewhere.

 

Distributed by APO Group on behalf of African Energy Chamber.

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Nigerian Operators Strengthen Africa-Wide Energy Collaboration at African Energy Week (AEW) 2026

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African Energy Chamber

Operators focused on deepwater, offshore field development and gas infrastructure have joined AEW 2026 in Cape Town

CAPE TOWN, South Africa, July 7, 2026/APO Group/ –Leading Nigerian oil and gas operators are set to play a major role at African Energy Week (AEW) 2026, bringing upstream expertise, project development experience and investment momentum to Cape Town as Africa seeks to accelerate regional energy collaboration. Their participation reflects a growing push by Nigerian producers to engage more closely with regional and international stakeholders on new field development, gas commercialization and long-term energy investment.

 

TotalEnergies’ Nigeria Managing Director and Country Chair Matthieu Bouyer will attend alongside former TotalEnergies Managing Director Adewale Fayemi. A strategic player in the country’s upstream market, TotalEnergies continues to operate key deepwater assets in Nigeria and is among the international majors that have maintained offshore investment even as onshore and shallow-water positions have shifted to indigenous firms.

First E&P – which produces approximately 57,000 barrels per day (bpd) – has emerged as an increasingly more prominent player in Nigeria’s oil and gas market. The company has built its portfolio through direct asset development and positioning across the Niger Delta, contributing to the broader expansion of indigenous upstream capacity.CEO and MD Ademola Adeyemi-Bero and Chief Strategy Officer George Toriola will represent First E&P at AEW 2026 as the company assesses opportunities beyond Nigeria’s borders.

Meanwhile, Emadeb E&P continues to increase its portfolio through strategic acquisitions and project advancements. The company achieved first oil at the Ibom Field in 2025, marking the first new shallow-water offshore development in Nigeria in more than 15 years. The company has invested more than $100 million and has further drilling campaigns planned. MD Oluwasegun Ogunsanya and COO Sheriff Adeeyo will both participate at AEW 2026.

SunTrust Atlantic Energies has produced more than 54 million barrels of crude from the Umusadege field in OML 56 since 2008, sustaining output of approximately 10,000 bpd. Founder and Chief Executive Ugo Okafor and Executive Director Rachel Akhuetie will attend AEW. The company’s sustained production from a single marginal field over nearly two decades demonstrates the long-term value available in Nigeria’s upstream portfolio when operators commit capital and operational continuity.

Lekoil will be represented by Company Secretary and General Manager of Legal Gloria Iroegbunam and Chief Technical Officer Sam Olotu. Through its Otakikpo asset, the company commissioned Nigeria’s first indigenous onshore crude export terminal in nearly five decades while expanding gas-to-power infrastructure and advancing commercialization of additional discoveries including OPL 310.

Energia MD and CEO Oladimeji Bashorun and Pan Ocean & Newcross CFO Seyi Oladapo have also joined the conference. Pan Ocean and the Newcross have expanded across producing assets, gas infrastructure and export logistics, and will contribute to discussions on project financing and the capital structures required to sustain Nigeria’s upstream growth. For its part, Energia continues to support Nigeria’s production goals through a growing portfolio of operated and partnered assets across the Niger Delta.

“These operators are drilling new wells, building export terminals and financing offshore developments that did not exist five years ago. Nigeria’s upstream sector is growing not only through asset transfers but through new investment and new production,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber.

As African energy markets become increasingly interconnected, collaboration between leading operators will be critical to accelerating project development and unlocking new investment. Through their participation at AEW 2026, Nigerian operators are bringing valuable expertise, capital and project execution capabilities to the regional dialogue, reinforcing their role in shaping Africa’s next phase of upstream growth.

Distributed by APO Group on behalf of African Energy Chamber.

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Guyana to Host Launch of Caribbean Energy Week 2027 as Regional Energy Momentum Builds

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Etu Energias

The official in-country launch of Caribbean Energy Week 2027 will take place next month in Georgetown, spotlighting emerging investment opportunities across the Caribbean’s oil, gas and LNG value chain

GEORGETOWN, Guyana, July 7, 2026/APO Group/ –The in-country launch of Caribbean Energy Week 2027 will take place on July 20, 2026 at the Guyana Marriott Hotel in Georgetown, bringing together government officials, investors, operators and industry stakeholders to highlight the strategic opportunities shaping the region’s energy future.

 

Held under the patronage of President Dr. Mohamed Irfaan Ali and with the endorsement of the Honorable Minister of Natural Resources, Vickram Bharrat, the launch will underscore Guyana’s central role in driving regional energy development and advancing the Caribbean’s position as an emerging global energy hub. The event will also be supported by the Guyana Office for Investment, reflecting the country’s continued focus on attracting international capital and strengthening its investment pipeline.

The launch event will provide an early platform to outline the priorities for Caribbean Energy Week 2027, including upstream expansion, LNG development, infrastructure build-out and regional energy integration. It will also highlight the growing importance of cross-border collaboration as Caribbean states work to unlock shared resources and improve coordination across oil and gas value chains.

Guyana continues to anchor regional growth, with offshore production from the ExxonMobil-operated Stabroek Block averaging close to one million barrels per day in 2026 and expected to increase further as new developments come online. The continued expansion of upstream capacity, alongside ongoing exploration activity and FPSO deployments, has reinforced the country’s position as the region’s leading oil producer and a key driver of investment momentum.

Across the wider Caribbean, Suriname is advancing its offshore development agenda, led by TotalEnergies’ GranMorgu project and a growing pipeline of exploration activity. In Trinidad and Tobago, efforts are focused on revitalizing mature gas production while expanding LNG and petrochemical capacity, with renewed attention on upstream partnerships and regional gas monetization opportunities.

Building on this foundation, Caribbean Energy Week 2027 is expected to further expand its reach and impact, offering a dedicated platform for project announcements, investment facilitation and strategic partnerships. As global demand for secure and diversified energy supply continues to grow, the Caribbean is increasingly positioned as a key emerging hub defined by scale, collaboration and long-term opportunity.

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

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MSGBC 2026 Technical Presentation to Examine Deepwater Delivery and Contracting Models

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Etu Energias

The MSGBC basin is adopting the standardized engineering, phased development and integrated contracting that operators worldwide use to keep high-cost offshore projects financeable

DAKAR, Senegal, July 7, 2026/APO Group/ –The engineering and contracting models that delivered GTA and Sangomar are being measured against the basin’s next projects, where cost and schedule discipline will decide which developments advance.

 

The MSGBC basin is adopting the standardized engineering, phased development and integrated contracting that operators worldwide use to keep high-cost offshore projects financeable. With Greater Tortue Ahmeyim (GTA) and Sangomar now in production, the basin’s next wave of projects hinge on their ability to apply those models quickly and competitively.

These questions anchor the technical presentation “Deepwater Engineering & Offshore Project Delivery in the MSGBC Basin” at this year’s MSGBC Oil, Gas & Power 2026 conference and exhibition. The session aims to examine how subsea production systems, the deployment of FPSO and FLNG units, offshore drilling, marine logistics and contracting models combine to turn a discovery into bankable production.

As the MSGBC basin moves into its next phase of deepwater development, the ability to deliver projects efficiently, safely and competitively will be critical

In offshore infrastructure, concept selection follows the resource. The economics of each vessel choice are visible in the basin’s two producing assets. Sangomar relies on a standalone FPSO, a converted very large crude carrier supplied by MODEC and moored roughly 100 km offshore, with a first-phase cost of around $5 billion.

GTA processes gas on an FPSO before piping it to the Gimi FLNG vessel operated by Golar LNG under a 20-year contract, with a nameplate capacity of approximately 2.7 million tons per year. Oil developments reward the storage and offloading flexibility of an FPSO, while large-scale gas justifies the cost of dedicated liquefaction close to shore.

The subsea systems linking wells to their host facilities represent a significant portion of a deepwater project’s engineering risk and cost. Sangomar ties its wells to the FPSO through 101 km of rigid flowlines, with a 24-well drilling program completed by deepwater drillships during ramp-up, while GTA connects its ultra-deepwater wells across roughly 100 km to processing infrastructure. Phasing is the principal lever for containing that exposure, allowing operators to bring on early production before committing capital to later stages. Woodside is now assessing a Sangomar Phase 2 of around 33 additional wells tied back to the existing FPSO, an approach that reuses the host facility rather than financing a new one.

At Sangomar, the subsea production systems ­– umbilicals, risers and flowlines – were delivered by the Subsea Integration Alliance under a single engineering, procurement, construction and installation (EPCI) contract. This approach consolidated technical scopes that are traditionally tendered separately.

“As the MSGBC basin moves into its next phase of deepwater development, the ability to deliver projects efficiently, safely and competitively will be critical to unlocking new investment and production. Leveraging the MSGBC Oil, Gas & Power platform, we aim to showcase the technologies, partnerships and delivery strategies that are helping transform discoveries into commercially viable production,” says Sandra Jeque, Vice President, Energy Capital & Power.

Gas developments lean on long-term LNG sales agreements and domestic supply commitments to underpin financing, while oil developments rely on the phased reuse of existing infrastructure to protect returns. As such, the “Deepwater Engineering & Offshore Project Delivery in the MSGBC Basin” presentation at MSGBC Oil, Gas & Power 2026 will examine how these engineering, logistics and contracting decisions connect, and how operators can carry the delivery performance achieved in the region into its next investment cycle.

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

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