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African Energy Chamber (AEC) launches Namibia Trade Mission in collaboration with Namibia International Energy Conference (NIEC) 2024

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African Energy Chamber

The Trade Mission ensures stakeholders maximize the opportunities of the Namibia International Energy Conference taking place April 23-25

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JOHANNESBURG, South Africa, February 19, 2024/APO Group/ — 

The African Energy Chamber (AEC) (www.EnergyChamber.org) – serving as the voice of the African energy sector – has launched a Trade Mission to Namibia from April 23-25 to promote business opportunities within the country’s energy industry. In collaboration with the Namibia International Energy Conference (NIEC), the Trade Mission will facilitate engagement between companies; connect stakeholders to market intelligence and resources; while capitalizing on the conference offerings to drive new investment into the country. Visit https://apo-opa.co/3SIy4RC to secure your place.

Namibia expects to produce first oil from the Orange Basin by 2030 as well as 10-12 million tons of green hydrogen equivalent by 2050. A commitment to accelerate the development of the Graff-1 and Venus-1 discoveries – made in 2022 by energy majors TotalEnergies and Shell – is also underway in tandem with further off- and onshore drilling campaigns. Government is working to establish effective petroleum revenue management legislation while placing focus on local content, thereby opening lucrative business opportunities for both Namibian and international energy players. The Namibian Trade Mission, in collaboration with NIEC 2024, connects potential investors with Namibian opportunities.

NIEC is an influential event that brings together policymakers, energy stakeholders, investors and international partners to foster industry growth. Now in its sixth edition, the event serves to highlight Namibia’s position as a prime investment decision. The event takes place in partnership with the AEC. Visit www.NIEConference.com for more information.

Multinational energy corporation Galp made two discoveries at the Mopane-1X well in 2024 and will now proceed to spud Mopane-2X. TotalEnergies has also made its second discovery in the Orange Basin, discovering hydrocarbon-bearing intervals at the Mangetti-1X well this year. Energy major Chevron expects to spud its first well in PEL 90 in Q4, 2024 while Shell’s Jonker-1; La Rona; and Graff-1 finds are expected to hold as much as 1.7 billion barrels of oil. Onshore, independent oil and gas company ReconAfrica plans to start drilling in the Kavango Basin in 2024 while exploration company 88 Energy acquired a 45% non-operated interest in Namibia’s PEL 83 in November 2023. Notwithstanding this progress, Maggy Shino, Petroleum Commissioner at Namibia’s Ministry of Mines and Energy, says the country has only scratched the surface of the potential of the hydrocarbon basin, highlighting a wealth of opportunities for new players.  

On the gas front, Namibia is targeting FID for the Kudu Conventional Gas Development this year, with production aimed for 2026. The project is currently in the Front-End Engineering and Design Phase. Gas will be transported to an 885 MW combined cycle gas turbine, providing power for the domestic economy. A range of business opportunities are expected to emerge from the project.

Meanwhile, three green hydrogen pilot projects – the Hyrail Dual-Fuel Locomotive, Daures Green Hydrogen Project and Cleanergy Green Hydrogen Service Station – will start operations this year. The development concept for a $10 billion green hydrogen project was also agreed upon in 2023. The green hydrogen industry is expected to create up to 600,000 new jobs, underscoring the significant business opportunity present in the burgeoning market. Ambitions to position the country as a regional hub for energy further highlights opportunities in the sector, and the Trade Mission will leverage the NIEC platform to stimulate business and partnerships.

The AEC-led Trade Mission to Namibia this April builds on milestones achieved in the industry thus far to promote further business and investment in the country’s energy value chain. Leveraging the AEC’s partnership with NIEC 2024, the mission will facilitate meetings between companies and Namibian partners; establish an itinerary for delegations; organize one-on-one meetings on behalf of participants; and create opportunities for panel discussions, presentations and keynote speeches – subject to the NIEC 2024 schedule.

The Namibian Trade Mission presents numerous offerings for participants. These include site visits to prominent energy companies in Windhoek, thereby providing first-hand insight into projects and potential partnerships; technical workshops; networking dinners and social functions; and market intelligence and research reports. Resources stand to equip participants with the information they need to make informed decisions on the market while business matchmaking opportunities ensure meaningful connections and productive collaboration can be made.

For more information about NIEC 2024, visit www.NIEConference.com. Interested in joining the exclusive Trade Mission to Namibia, submit your information via https://apo-opa.co/3SIy4RC.

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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