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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.

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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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Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

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Etu Energias

As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

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

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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Energy

The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

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

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