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African Energy Chamber (AEC) Calls for Greater Global South Cooperation at Third Global South Think Tanks Dialogue

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Global South

Stronger cooperation among Global South nations is becoming increasingly urgent as countries seek new pathways to accelerate development, expand trade and strengthen long-term economic resilience. For Africa, strengthened ties among Global South nations is particularly valuable, offering a viable solution to unlocking the continent’s natural and mineral wealth and allowing the continent to move beyond fragmented growth and toward coordinated strategies that deliver tangible results.

The African Energy Chamber (AEC) – represented by Leoncio Amada NZE, Executive President of the AEC for CEMAC and Vice President of Equatorial Guinea’s National Council on Economic and Social Development – underscored the need for a more inclusive and cooperative approach among Global South nations during the Third Global South Think Tanks Dialogue, held in Shanghai from December 2-4, 2025. During the event, Amada NZE highlighted how strengthened trade networks, partnerships and technology transfer can unlock long-term and sustainable growth across the continent, with the shift from aid to trade serving as a cornerstone of the continent’s future development.

The AEC’s engagement in Shanghai reflects its ongoing commitment to ensuring Africa has a strong voice in shaping global development agendas

Despite being one of the continent’s richest energy and mineral regions, CEMAC countries have long-struggled with attracting the requisite foreign investment, largely due to ineffective fiscal policies, strict forex regulations and barriers to regional trade. Examples include the implementation of stricter rules on currency transfers and payments by the Bank of Central African States in 2022. These challenges have not only served as a deterrent to foreign investment but impacted regional energy trade, cross-border projects and multi-lateral business exchange. This comes as many regional nations implement bold production goals with a view to using energy development as a catalyst for economic growth. In the oil and gas sector, Gabon targets 220,000 barrels per day (bpd), the Republic of Congo is aiming for 500,000 bpd, Equatorial Guinea is advancing gas monetization while Cameroon is pursuing new field developments. Nations are also pursuing accelerated energy and power developments, striving for enhanced energy and fuel security.

Enhanced trade frameworks, harmonized standards and improved logistics systems will help African nations achieve these goals by promoting free movement of services and people, strengthening economic ties and building more resilient energy systems across the continent. This would also serve as a vehicle for foreign direct investment, promoting forays by international players and driving projects forward in energy, mining and infrastructure development. As such, Amada NZE called for the dismantling of structural barriers that hinder growth, stressing the importance of regional energy cooperation as a core pillar of Africa’s development strategy. By fostering platforms for business, research and cultural exchange, Amada NZE emphasized that Global South countries can accelerate their development trajectories and achieve shared prosperity.

Amada NZE also highlighted the need to move beyond traditional aid-driven models, underscoring the importance of building self-reliant economies anchored by trade, private-sector participation, innovation and homegrown industrial capabilities. For Africa, this means transitioning toward development frameworks that promote entrepreneurship, regional value creation and investment-driven growth. Meanwhile, as the Global South increases its share of global economic output, partnerships with global allies remain essential. Technology providers, financial institutions and strategic investors play a critical role in supporting African nations as they expand energy access, diversify revenue streams and modernize industrial bases. Stronger collaboration between African countries and global partners will help advance large-scale infrastructure projects, improve technical capabilities and accelerate digital transformation – elements vital to bridging development gaps and strengthening long-term stability.

“The AEC’s engagement in Shanghai reflects its ongoing commitment to ensuring Africa has a strong voice in shaping global development agendas. By championing cooperation, trade expansion and regional energy integration, the Chamber continues to advocate for reforms that will unlock opportunity, enhance resilience and support the continent’s rise as a competitive economic force within the Global South,” says Amada NZE.

Distributed by APO Group on behalf of African Energy Chamber.

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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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