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African Energy Chamber (AEC) Celebrates Congo Liquefied Natural Gas (LNG) Vessel Sail-Away, First Production Set for December 2023

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African Energy Chamber

Representing a major milestone for both the company and country, the Tango FLNG and Excalibur FSU vessels have set sail for the Republic of the Congo

JOHANNESBURG, South Africa, October 25, 2023/APO Group/ — 

Global energy company Eni celebrated the sail away of the Tango Floating Liquefied Natural Gas (FLNG) and Excalibur Floating Storage Unit (FSU) vessels from Dubai to the shores of the Republic of the Congo. This significant milestone – which took place on October 21, 2023 in the presence of Congo’s Minister of Hydrocrbons Bruno Jean-Richard Itoua and Maixent Raoul Ominga, Managing Director of the Société nationale des pétroles du Congo – signals the imminent realization of the Congo LNG project’s first phase, slated to commence production in December 2023.

As the voice of the African energy sector and a strong advocate for the completion of large-scale Liquefied Natural Gas (LNG) projects in Africa, the African Energy Chamber (AEC) commends both the Government of Congo and Eni for this milestone achievement.

The Tango FLNG boasts a liquefaction capacity of approximately one billion cubic meters per annum of gas (bcm) and will be anchored just 3km offshore alongside the Excalibur FSU vessel upon their arrival in Congo. The project capitalizes on Marine XII gas resources and utilizes existing production facilities in a phased approach that aims to achieve a gas liquefaction capacity of around 4.5 bcm at plateau. According to Eni, a second FLNG vessel is currently under construction and is slated for first-production by 2025.

The sail away of the Tango FLNG unit and the Excalibur FSU facility marks a pivotal moment in Africa’s energy landscape

Coupled with a commendable commitment to zero routine gas flaring, this project is poised to significantly advance gas production in the country, serving as a catalyst for long-term and sustainable growth. Additionally, this accomplishment holds significance for the Republic of the Congo as it positions the country to emerge as a formidable player in the global LNG market. The project not only addresses the country’s growing energy demands but also presents a unique opportunity to tap into surplus gas resources through LNG production. As a result, the Republic of the Congo is set to join the ranks of global of LNG exporters in record time.

In light of these developments, the AEC stands firmly in support of this monumental achievement. The AEC has long-been a fierce advocate for the role natural gas plays in Africa’s energy future, and projects such as this showcase the impact and drive of both international energy firms and African Governments to unlock the full potential of African gas. Both Minister Itoua and Ominga have been instrumental in getting this project off the ground, laying the foundation for a strong gas-based future in the Republic of the Congo.

The Congo LNG project not only exemplifies the Republic of the Congo’s commitment to responsible and sustainable energy production but also underscores the nation’s strategic positioning in the global energy landscape. With the sail away of the Tango FLNG unit and Excalibur FSU facility, the country is on track to unlock its full energy potential and make significant contributions to the global LNG market.

“The sail away of the Tango FLNG unit and the Excalibur FSU facility marks a pivotal moment in Africa’s energy landscape. It signifies the Republic of the Congo’s bold stride towards becoming a major LNG producer, aligning perfectly with the AEC’s vision for a gas-driven economy on the continent. Natural gas is undeniably the fuel of the future in Africa, and endeavors such as this are integral in propelling us towards a sustainable and prosperous energy future,” stated NJ Ayuk, Executive Chairman of the AEC.

Projects like the Congo LNG initiative serve as catalysts for the burgeoning gas economy in the continent. As December 2023 approaches, all eyes are on the Republic of the Congo as it prepares to kickstart its LNG production journey. This momentous event not only solidifies the nation’s position on the world stage but also paves the way for a future where natural gas will play a pivotal role in powering Africa’s prosperity. The AEC, along with the global energy community, eagerly awaits the dawn of this new era for the Republic of the Congo.

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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