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African Energy Chamber (AEC) to Drive East African Crude Oil Pipeline (EACOP)

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African Energy Chamber

The African Energy Chamber will participate at the upcoming 10th East African Petroleum Conference and Exhibition, set to take place 9-11 May 2023

JOHANNESBURG, South Africa, May 2, 2023/APO Group/ — 

In order to make energy poverty history by 2030, Africa needs to develop large-scale infrastructure projects that support the transportation and export of oil and gas. As an advocate for the development of such projects, the African Energy Chamber (AEC) (www.EnergyChamber.org) – led by Executive Chairman NJ Ayuk – will participate at the upcoming East African Petroleum Conference and Exhibition from May 9-11, making a strong case for the development of the region’s most critical project: the East African Crude Oil Pipeline (EACOP).

The AEC’s participation at this important event underscores the organization’s commitment to fostering energy security and economic growth across the continent. At the heart of the AEC’s agenda lies the transformative EACOP, a project that not only plays a pivotal role in reshaping the energy landscape of East Africa but also serves as a key catalyst for unlocking vast exploration opportunities across the continent. With an alarming 600 million people living in energy poverty across the continent, the EACOP stands as a crucial and necessary solution for addressing this pressing issue. With an impressive length of 1, 443km, the EACOP is the largest pipeline in the region. Set to be completed in 2025, this remarkable infrastructure will possess the capacity to transport 246,000 barrels of crude oil per day from Uganda to the port of Tanga in Tanzania. Once arrived, the oil will be efficiently channeled to global markets, ushering in a new era of international trade and export possibilities.

The EACOP project brings together a consortium of notable stakeholders. TotalEnergies holds the majority stake of 62%, followed by the Uganda National Oil Company (15%), the Tanzania Petroleum Development Corporation (15%), and the China National Offshore Oil Corporation (8%). This collaboration signifies the growing interest of major industry players in the untapped oil and gas potential of the region. The involvement of companies like TotalEnergies and China National Offshore Oil Corporation not only brings financial investment but also fosters knowledge-sharing, technological advancements, and best practices, further supporting the growth of exploration and production activities in the region.

The Chamber strongly supports President Yoweri Museveni of Uganda and Ruth Nankabirwa Ssentamu, Minister of Energy, in the pursuit of energy security

Accordingly, the construction of the EACOP holds immense promise for the economic development of the region, as it would create thousands of jobs, provide employment opportunities for local communities, and contribute to poverty reduction. The influx of billions of dollars into the economies of Uganda and Tanzania would spur economic growth, allowing for increased investments in critical sectors such as healthcare, education, and infrastructure. The resulting boost in tax revenue would enable governments to enhance public services and implement social programs, benefiting citizens directly.

Moreover, the pipeline project demonstrates the potential for collaboration and partnership between nations. By working together, Uganda and Tanzania can leverage their respective strengths and resources to maximize the benefits of their oil and gas reserves. This united approach fosters regional integration and paves the way for increased trade and cooperation, unlocking new avenues for prosperity in East Africa and moving one step closer to making energy poverty history by 2030.

The establishment of the EACOP holds substantial opportunities for E&P in East Africa. By offering a dependable and efficient method of transporting oil, the challenges and expenses associated with oil transportation are reduced, leading to increased feasibility and profitability of E&P projects. This improved accessibility to larger markets enables companies operating in the area to export their resources more effectively, ultimately attracting additional investments in E&P activities. What’s more, the EACOP will act as a conduit for unlocking previously uneconomical reserves, paving the way for extensive exploration activities throughout East Africa. With the potential to discover new hydrocarbon deposits in countries such as Kenya, Zambia, the Democratic Republic of Congo and beyond – all of which represent frontier markets -, the EACOP will drive the region’s energy industry forward, laying the foundation for the monetization and maximization of oil and gas in Africa.

During the conference, the AEC will drive the narrative that for Africa to effectively address energy poverty and distribute its resources to those in need, it is imperative to have infrastructure such as pipelines to transport the continent’s hydrocarbon reserves.

“As we witness the revitalization of the ‘Drill, Baby, Drill’ spirit in Uganda, we stand on the brink of unlocking tremendous energy security. The EACOP is a testament to the opportunities that lie ahead. It guarantees safe oil transportation and acts as a catalyst for robust economic activity,” states Ayuk, adding that, “This pipeline will create thousands of jobs, breathing new life into the economies of Uganda and Tanzania. The Chamber strongly supports President Yoweri Museveni of Uganda and Ruth Nankabirwa Ssentamu, Minister of Energy, in the pursuit of energy security. This project is a key step towards moving both Uganda and the entire East African region away from foreign aid, ensuring that oil and gas become agents of positive change rather than cautionary tales of missed opportunities.”

During the East African Petroleum Conference and Exhibition, the AEC will continue to drive its support for the development of the EACOP, while touching on topics such as exploration and production, increasing investment in oil and gas and the role East Africa will play in making energy poverty history by 2030. Inherently, the EACOP project symbolizes a significant milestone in the quest for regional energy development, with its remarkable length and substantial capacity setting the stage for enhanced connectivity and prosperity. By efficiently linking Uganda’s oil reserves to the global market, the pipeline opens avenues for economic growth, foreign investment, and collaboration. 

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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