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African Energy Chamber applauds the Nigerian Content Development and Monitoring Board’s Steadfast Commitment

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African Energy Chamber

The African Energy Chamber commends the Nigerian Content Development and Monitoring Board on its excellence in transparency and efficiency

JOHANNESBURG, South Africa, October 27, 2023/APO Group/ — 

The Nigerian Content Development and Monitoring Board (NCDMB) has once again solidified its position as an exemplar of transparency and efficiency among federal agencies in the country. The NCDMB has, for a second-year running, secured the top position in the 2023 Half-Year Executive Order 001 Compliance Ranking. As the voice of the African energy sector, the African Energy Chamber (AEC) (www.EnergyChamber.org) supports the NCDMB as it strives to deliver transparent, efficient and inclusive development in Nigeria, and commends the organization for this well-earned award.

The NCDMB scored a remarkable 83.06% in the compliance ranking, highlighting the organization’s commitment to excellence and reaffirming its position as a consistent leader among federal agencies. It builds upon the NCDMB’s outstanding performance in 2022, when it placed as the top performer throughout the year.

The Executive Order 001 (EO1), inaugurated by former President Muhammadu Buhari on May 18, 2017, with the objective of advancing transparency and efficiency in the business environment, serves as a cornerstone for establishing policies and practices conducive to business operations. This is of particular significance for nascent start-ups and emerging enterprises as the Order dismantles bureaucratic hindrances and strengthens opportunities for players.

This recognition reflects both NCDMB’s excellence and Nigeria’s enduring dedication to a business-friendly environment

The report, curated by the Presidential Enabling Business Environment Council (PEBEC), is predicated on a weighted composite of scores assessing the execution of efficiency and transparency directives. PEBEC elucidates that an agency’s performance is an amalgamation of its Efficiency and Transparency measures, weighted at 70% and 30% of the overall score, respectively. Furthermore, it emphasizes that ministries, departments, and agencies distinguish themselves by achieving a harmonious equilibrium between efficiency and transparency.

According to the PEBEC, efficiency, a cornerstone of this evaluation, centers on an agency’s commitment to adhering to established service delivery timelines, ensuring the expeditious and effective provision of services. Conversely, transparency, an equally critical dimension, focuses on the existence and functionality of organizational websites and the provision of exhaustive information pertaining to timelines, costs, statutory prerequisites, and customer service contact channels. As such, the AEC commends NCDMB’s commitment to enhancing transparency and efficiency in Nigeria’s business landscape. NCDMB’s consistent top-ranking performance in 2023, following its premier performance in 2022, highlights its dedication to fostering a conducive business environment for both local and international enterprises.

One of the primary goals of the NCDMB is to promote the participation of indigenous companies and individuals in the oil and gas industry. This includes creating opportunities for local businesses, enhancing skills and expertise among Nigerians, and ensuring that the sector benefits the nation’s economy. NCDMB’s consistent performance in the EO1 Compliance Ranking aligns with its dedication to this mission. By streamlining processes and reducing bureaucratic obstacles, NCDMB enhances the ease of doing business for local enterprises. This, in turn, encourages the growth of indigenous companies, supporting local content initiatives by providing them with a level playing field to compete effectively.

This achievement is particularly important for energy initiatives, as transparent and efficient government agencies foster a better overall business climate. This helps start-ups and existing businesses operate more smoothly, reduces the cost of doing business, and minimizes the chances of corruption. All of these factors make Nigeria more competitive globally.

“The AEC applauds NCDMB’s commitment to enhancing transparency and efficiency in Nigeria’s business landscape. This recognition reflects both NCDMB’s excellence and Nigeria’s enduring dedication to a business-friendly environment. The AEC firmly supports NCDMB in advancing the energy sector in Nigeria and across Africa,” states NJ Ayuk, Executive Chairman of the AEC.

The NCDMB’s ranking reinforces Nigeria’s commitment to strengthening ease of doing business and streamlining economic activities, making it more attractive to stakeholders in the energy sector.

Distributed by APO Group on behalf of African Energy Chamber.

Business

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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Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

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Etu Energias

As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

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

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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Energy

The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

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

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