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African Energy Chamber (AEC) Advocates for Fast-Tracked Approach to Oil Development

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AfriCaribbean Trade and Investment Forum

Conducting a working visit for Guyana, the African Energy Chamber’s NJ Ayuk is participating in a panel at the AfriCaribbean Trade and Investment Forum 2023, advocating for a ‘sign baby sign’ mindset to oil and gas development

JOHANNESBURG, South Africa, October 31, 2023/APO Group/ — 

The African Energy Chamber (AEC) (https://EnergyChamber.org) strongly supports the development of oil and gas in Africa and remains committed to facilitating deals between African and global players. Under efforts to strengthen multilateral partnerships and bolster oil and gas deals, the AEC’s Executive Chairman NJ Ayuk is currently conducting a working visit to Guyana, participating in the AfriCaribbean Trade and Investment Forum 2023. Ayuk is speaking on a panel titled, ‘Opportunities in the Oil and Gas Sector.’

Burgeoning African oil producers stand to learn a great deal from Guyana, a country which prioritized a fast-tracked approach to developing recent oil and gas discoveries. Since 2015, more than 30 offshore oil discoveries were made in Guyana, with over 11 billion barrels of recoverable reserves identified. In five short years since the company’s discovery, project developer ExxonMobil started producing oil from the Stabroek Block, discovered in 2015. A strong pipeline of other projects came online shortly afterwards, with support from the Government of Guyana serving as a catalyst for development.

This fast-tracked approach to not only discovering but developing oil is both commendable and replicable. By streamlining regulatory processes, introducing attractive fiscal terms and engaging with private players to develop projects quickly, the Government of Guyana has prioritized economic growth and progress. For countries in Africa making their own offshore finds, this approach is highly strategic. Namibia, for example, which made five major discoveries in less than two years, serves to learn a great deal from its Caribbean neighbor. The country is situated in southern Africa, a region with an energy crisis that has long-impacted economic development. With billions of barrels worth of oil likely to be contained in the country’s offshore basins, a fast-tracked approach to development is critical, not only for the country but the region at large.

This mindset emphasizes the importance of swift decision-making and the elimination of bureaucratic hurdles that often hinder progress

The same can be said for Namibia’s neighbor South Africa. Faced with environmental opposition across the upstream oil and gas industry, major finds made such as Luiperd and Brulpadda are yet to be developed. Regulatory delays and lack of investment further restrict progress. Unless the country adopts an aggressive approach to developing offshore resources, critical energy will remain undeveloped.

However, Africa’s offshore development is not only a picture of potential. Countries such as Senegal and Mauritania have seen substantial success in recent years, with the removal of red tape, streamlining of regulatory processes and aggressive approach to signing deals driving a number of impactful projects. Senegal’s 100,000 barrel per day Sangomar oilfield development is set to come online in 2024 alongside the Greater Tortue Ahmeyim project. Exploration has accelerated regionally but deals are still awaiting signatures.

During Ayuk’s visit to Guyana, this very topic is a central point of discussion. Ayuk’s call for a ‘sign baby sign’ mindset in Africa’s oil and gas sector serves as a rallying cry for expediting critical energy projects. This mindset emphasizes the importance of swift decision-making and the elimination of bureaucratic hurdles that often hinder progress. By streamlining processes and expediting approvals, Ayuk advocates for a more agile and responsive industry, poised to capitalize on opportunities and navigate challenges with efficiency.

One of the AEC’s key messages is the imperative need to cut through bureaucratic red tape. Cumbersome regulatory processes and administrative delays can stifle investment and impede the timely execution of critical projects. By streamlining regulations and ensuring transparency, the AEC envisions a more investor-friendly environment that not only attracts capital but also accelerates project implementation.

Across Africa, Governments are urged to shed their hesitancy and embrace a forward-looking approach to energy development. By adopting policies that promote investment, leaning on partnerships with counterparts such as Guyana and signing deals quickly, African countries can unlock their full energy potential and, in turn, drive economic prosperity.

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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