Connect with us
Anglostratits

Business

African Energy Chamber (AEC): Senegalese President Macky Sall has Set a Bold Energy

Published

on

Macky Sall

Resilient in his approach to a pro-energy growth agenda, President Macky Sall has accomplished a lot and empowered the energy industry

JOHANNESBURG, South Africa, March 20, 2024/APO Group/ — 

Senegalese President Macky Sall’s 12-year tenure is set to come to an end on April 2 this year. As he leaves his term in office, he also leaves behind a legacy of economic growth and development, and other African states stand to learn from his pro-energy growth approach. As the voice of the African energy sector, the African Energy Chamber (AEC) commends the work undertaken by President Sall to strengthen the Senegalese economy. The President remains a close friend of the AEC and of Africa.

President Sall’s tenure was defined by a commitment to making energy poverty history through the development of resources and investment into every segment of the country’s economy. Unashamed in his approach to supporting industrialization and energy access, President Sall laid the foundation for all forms of energy to be developed. Under his leadership, the country has seen success after success. He has defended the African oil and gas sector, and has put Senegal on the path towards prosperity.  

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

Senegal is on track for first gas production from the first phase of the Greater Tortue Ahmeyim (GTA) development by Q3 this year. The project is currently 92% complete and the FPSO vessel is expected to be on site soon. The first phase will produce 2.3 million tons of gas per year and is being developed by global energy majors bp and Kosmos Energy in collaboration with Senegalese national oil company Petrosen and its Mauritanian counterpart and Societe Mauritanienne des Hydrocarbures.

Meanwhile, the country’s inaugural oil development – the Sangomar oilfield project – is 95% complete and is expected to start production between May and July 2024. The FPSO vessel arrived at the project site in February 2024. The project’s production capacity is 100,000 barrels per day and it is being developed by oil and gas company Woodside Energy in collaboration with Petrosen.

The success of these projects has already laid the foundation for a wave of new developments offshore Senegal. Serving as one of the world’s largest gas discoveries in recent years, Senegal’s Yakaar-Teranga development holds an estimated 25 trillion cubic feet of natural gas reserves. Kosmos Energy is set to develop an LNG facility for the project, with a capacity to produce 550 million cubic feet of gas per day. Currently, the concept for the LNG facility is being finalized. Kosmos Energy assumed operatorship of the Yakaar-Teranga project in 2023, thereby strengthening its presence in the country’s offshore gas sector.

Senegal was also recently granted observer membership status within the Gas Exporting Countries Forum, marking its entry into the esteemed organization. Signaling the future role the country will play in global gas markets, the milestone showcases a commitment by Senegal to industry collaboration.

“President Sall’s commitment to development is clear through the achievements seen across the country’s oil and gas industry. Spearheading collaboration with regional government and international partners, President Sall has made Senegal’s business environment both attractive and competitive, and now, the country is well positioned to drive long-term and sustainable growth, driven by oil and gas,” stated NJ Ayuk, Executive Chairman of the AEC.

To maintain development momentum, the country is inviting global and regional E&P companies to invest in exploration, with seismic data and studies available to support offshore drilling. According to Petrosen, Senegal currently has 16 offshore blocks and 5 onshore blocks available, with hydrocarbon discoveries having already been made in some. Senegal offers competitive fiscal terms for operators and has emerged as one of the most attractive oil and gas investment destinations owing largely to efforts by President Sall.

Beyond the oil and gas industry, Senegal has seen a strong pipeline of renewable energy and power generation projects kick off. With some of the lowest energy prices in Africa, the country is committed to achieving universal access to electricity by 2025, and various projects are underway to achieve this. A focus on gas-to-power is poised to enhance generation capacity, led by projects such as the Cap des Biches combined-cycle power project (300 MW). The country’s first utility-scale wind project – the 158 MW Taiba N’Diaye wind farm – is also responsible for 15% of the country’s electricity output.

“President Macky Sall has been unashamed about supporting Africa’s development and it has been an honor working with him and following his pro-growth energy agenda. Thanks to his leadership, Senegal is emerging as an energy champion. His years of service to both Senegal and Africa have been amazing. He will go down in history as one of the greatest African leaders of our time,” added Ayuk.

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

Energy

United States (U.S.) Broadens African Energy Push as Volz Brings Washington to African Energy Week (AEW) 2026

Published

on

African Energy Chamber

From LNG finance in Mozambique to grid technology and clean cooking, U.S. government agencies and companies are expanding their engagement with African energy markets as Department of Energy official Josh Volz prepares to join African Energy Week 2026

CAPE TOWN, South Africa, October 2, 2026/APO Group/ –The United States is widening its engagement with Africa’s energy sector, combining government-backed finance, technology partnerships and private-sector investment across markets from Mozambique and Nigeria to Kenya, Uganda and the Democratic Republic of the Congo. Josh Volz, Deputy Assistant Secretary for Europe, Eurasia, Africa and the Middle East at the U.S. Department of Energy, will bring that agenda to African Energy Week 2026 in Cape Town from October 12-16.

 




  

Volz returns to AEW as Washington’s engagement with African energy markets increasingly spans both hydrocarbons and electricity infrastructure. In April, the U.S. Trade and Development Agency brought energy decision-makers from the DRC, Ethiopia, Kenya and Uganda to the U.S. to meet American companies working on transmission and distribution technologies, including AI-enabled grid systems. The program was designed to connect U.S. technology providers with prospective projects and procurement opportunities in African power markets.

Mozambique illustrates the scale that U.S. financing can bring to an African gas project. In March 2025, the U.S. Export-Import Bank approved a nearly $5 billion loan for TotalEnergies’ Mozambique LNG development, reviving a financing package for the long-delayed project. The original $4.7 billion commitment had been approved during the first Trump administration but required reapproval after construction was suspended in 2021. Meanwhile, ExxonMobil and its Area 4 partners awarded approximately $1.1 billion in pre-investment contracts for long-lead equipment and early construction activities at the Rovuma LNG project in August.

Development finance is another part of the equation. The U.S. International Development Finance Corporation’s investment ceiling rose from $60 billion to $205 billion following its 2025 reauthorization, while the agency gained expanded authority covering international investments in strategic sectors including energy and critical minerals. The new authorization runs through 2031.

The DFC is better resourced than it has ever been, making this an opportune moment for African operators to make their case

The DFC has also continued to approve new transactions in Africa in 2026. On September 16, the agency announced more than $8 billion in new investments globally, including projects supporting infrastructure and resources across Africa, as part of an effort to promote U.S. exports, energy security and American technology.

U.S. companies such as GE Vernova are active across African power markets, providing generation, transmission, grid and software technologies. The company says its technology is installed in more than 50 countries across the Middle East and Africa; in Nigeria alone, its equipment is installed across more than 40 sites, while its grid technology has also supported regional integration through the West African Power Pool.

Energy access is another emerging strand of Washington’s engagement. U.S. Secretary of Energy Chris Wright co-chaired the July 2026 high-level summit on clean cooking in Africa alongside Kenyan President William Ruto, Norway and the International Energy Agency. The meeting produced $900 million in new commitments, taking total commitments since the 2024 Africa Clean Cooking Summit to more than $3.1 billion. Wright described clean cooking as a major but often overlooked energy-access challenge.

Volz has previously argued that African countries should determine their own energy pathways while the United States looks for ways to partner with them. Speaking at AEW 2025, he said: “International governments should not stand in the way of how African nations determine their energy futures. We are eager to hear how best we can, from a U.S. perspective, partner with Africa.” He also pointed to $65 billion in existing U.S. private-sector investment in Africa and a $2.5 billion U.S. government pledge to support energy expansion.

That approach will have a substantial U.S. presence at AEW 2026. The current program confirms Volz alongside U.S. Senator Ted Cruz, United States Energy Association President and CEO Mark W. Menezes and DFC Managing Director and Regional Head of Africa Vibhuti Jain, among other U.S.-linked executives and policymakers. Jain will also participate in the dedicated U.S.-Africa Energy & Investment Forum on October 14, which will bring together U.S. and African companies, investors and policymakers to discuss capital, technology and commercial partnerships.

“The DFC is better resourced than it has ever been, making this an opportune moment for African operators to make their case. This conference is about making sure the capital and the projects actually find each other,” said NJ Ayuk, Executive Chairman of the African Energy Chamber.

For African energy markets, the expanding U.S. role reaches across project finance, LNG, upstream development, electricity infrastructure, grid technology and clean cooking. Volz’s participation at AEW 2026 comes as those relationships increasingly move from broad policy discussions toward individual projects, commercial partnerships and technology deployment across the continent.

Distributed by APO Group on behalf of African Energy Chamber.

 




 

Continue Reading

Business

How Liberia’s Harper Basin Is Emerging as West Africa’s Next Deepwater Frontier

Published

on

Liberia

The Harper Basin’s advancing exploration program is de-risking Liberia’s premier frontier basin, positioning TotalEnergies and BluEnergies for frontier deepwater drilling success

CAPE TOWN, South Africa, October 2, 2026/APO Group/ –Liberia’s Harper Basin is emerging as one of West Africa’s most compelling frontier exploration opportunities, attracting investment from TotalEnergies and BluEnergies as advanced subsurface studies progressively reduce geological uncertainty across three deepwater offshore blocks.

 




  

The basin remains undrilled despite sharing geological characteristics with some of Africa’s largest and latest deepwater plays. As seismic, geochemical and seabed datasets converge, the question now is whether that technical progress will translate into a commercially viable petroleum province?

Frontier Basin Moves Toward Drill-Ready Status

The Harper Basin covers Blocks LB-26, LB-30 and LB-31 under Reconnaissance License RL-003, spanning approximately 8,924 km2 offshore Liberia. TotalEnergies operates the project with a 65% interest alongside BluEnergies, which retains 35%.

The partnership formalized in January 2026 through a joint study and application agreement after BluEnergies secured an early position in the basin during 2023 and advanced independent prospect evaluation.

An independent prospective resource assessment completed in March 2025 estimated unrisked prospective resources of approximately 17.9 billion barrels of oil and 28.8 trillion cubic feet (tcf) of natural gas across seven mapped basin-floor fan systems.

Current work centers on reprocessing 6,167 km2 of legacy 3D seismic data using energy data and intelligence firm TGS. The program recently surpassed 50% completion, delivering improved subsurface imaging and enhanced amplitude versus offset analysis to identify potential hydrocarbon-bearing reservoirs.

Parallel offshore operations began on June 19, 2026, with subsurface specialists GeoPartners deploying the research vessel R/V GYRE, operated by TDI-Brooks, to survey approximately 4,045  km2 in water depths between 500 and 3,500 meters.

The campaign combines multibeam echo sounder mapping, water-column imaging, piston coring and heat-flow measurements. These datasets identify seepage pathways, characterize source-rock maturity and improve confidence in future drilling locations before integration during Q4 2026.

The Jubilee field in Ghana,the Venus field in Namibia and the recent discoveries offshore Ivory Coast have proven the significance of basin floor fan plays along the African margin

Once economically viable anomalies are finalized, TotalEnergies and BluEnergies plan to exercise their rights to convert the reconnaissance license into long-term PSCs by late 2026 or in 2027. This step legally locks in the drilling rights, positioning the partners to advance toward exploration drilling, subject to prospect maturation, regulatory approvals and investment decisions

Geological Analogues Strengthen Exploration Case

Unlike Liberia’s historically explored offshore basin, the Harper Basin occupies a structurally confined transform-margin embayment bounded by major fracture zones that concentrate sediment delivery into thick basin-floor fan complexes.

These Cretaceous-aged Cenomanian and Turonian fan systems are considered direct geological analogues to producing and discovered deepwater plays along the West Africa Transform Margin.

BluEnergies has identified seven discrete basin-floor fan complexes interpreted from seismic data. The current technical program seeks to validate reservoir quality before progressing toward production sharing contracts and exploration drilling.

Vice President of Exploration Sergio Laura says recent licensing activity across the West African margin reinforces BluEnergies’ early entry into Harper Basin, explaining in a press release, “The Jubilee field in Ghana, the Venus field in Namibia and the recent discoveries offshore Ivory Coast have proven the significance of basin floor fan plays along the African margin.”

Unlike earlier Liberian exploration focused primarily on structural traps, the Harper Basin targets stratigraphic pinch-out reservoirs sealed beneath regional marine shales, reducing reliance on fault-dependent trapping mechanisms that limited historical exploration success.

If the current technical program confirms reservoir quality, Liberia could move from being one of West Africa’s least explored offshore jurisdictions to one of its most closely watched frontier plays. With TotalEnergies providing technical expertise and BluEnergies holding an early strategic position, the next milestone is no longer identifying prospects—but determining whether they justify Liberia’s first deepwater exploration wells.

The Harper Basin’s progress comes as Liberia seeks to attract new investment through its 2026 Offshore Direct Negotiation Licensing Round, highlighting the country’s broader offshore potential and growing exploration momentum.

 

The Launch of the Liberia 2026 Offshore Direct Negotiation Licensing Round – organized by Energy Capital and Power – will take place at African Energy Week (AEW) 2026 on October 14 at The Orchid, CTICC 2. Visit, https://apo-opa.co/4rMJlS7 for more information.

 

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

 

 




 

Continue Reading

Business

Alamein Africa Forum 2026: Live Coverage on Africa24

Published

on

AFRICA24 Group, the continent’s leading TV and digital media group, available in 120 million households, is deploying an optimal set-up to provide full coverage of the ALAMEIN AFRICA FORUM 2026

AFRICA24 Group (www.AFRICA24Group.com) brings you full coverage, live from Al Alamein (Egypt), from 2 to 4 October 2026, of the first edition of the Alamein Africa Forum, a biennial forum co-organised by the Government of Egypt, the African Export-Import Bank (Afreximbank) and the African Union Development Agency (AUDA-NEPAD).

Al Alamein, Egypt’s fourth new city, is hosting Heads of State and Government, senior political figures, leaders of financial institutions, private sector players and institutional investors, on the sidelines of the African Union’s second 2026 annual high-level coordination meeting.

 




  

The Alamein Africa Forum is a leading economic and political event for the continent and for entrepreneurial boldness. The vision of African sovereignty championed by the Afreximbank Group, a major partner, is reflected in plenary sessions, sector panels, closed-door roundtables and B2B/B2G meetings dedicated to the key drivers of Africa’s transformation: infrastructure, energy, digital transformation, manufacturing, critical minerals, health markets and intra-African trade.

AFRICA24 GROUP, TV MEDIA PARTNER AND LEADER OF THE AFRICAN NARRATIVE TOLD BY AFRICANS

In a rapidly changing global context marked by the promotion of the African narrative by Africans, AFRICA24 Group is the exclusive TV partner and a pillar of the Alamein Africa Forum. Through its unique coverage, AFRICA24 Group showcases a strategic continental platform designed to turn the African Union’s Agenda 2063 into tangible economic results.

360° continental and global broadcasting with AFRICA24

AFRICA24 Group, the continent’s leading TV and digital media group, available in 120 million households, is deploying an optimal set-up to provide full coverage of the ALAMEIN AFRICA FORUM 2026:

  • Live broadcasts of the opening ceremonies, economic forums and thematic panels, with our special correspondents;
  • Exclusive interviews with political decision-makers, leaders of financial institutions, investors and young African leaders attending in New Alamein;
  • Immersive reports from all sessions and side events.

With AFRICA24 Group, together, let’s transform Africa

Distributed by APO Group on behalf of AFRICA24 Group.

 

 




 

Continue Reading

Trending