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African Energy Chamber Launches Q2, 2022 Outlook, the State of African Energy

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African Energy Chamber

Following the Q1 outlook, the Q2 report provides insight into the challenges, opportunities and overall state of Africa’s energy sector

JOHANNESBURG, South Africa, July 5, 2022/APO Group/ — 

The African Energy Chamber (AEC) (www.EnergyChamber.org) has released its Q2, 2022 outlook, the State of African Energy, providing detailed insight into current and emerging trends, challenges and opportunities, and how the African energy sector is bouncing back following the onset of the COVID-19 pandemic. Following the Q1 edition, the Q2 outlook provides an oil and gas market outlook and insight into African exploration, mergers and acquisitions activity and upcoming oil and gas economies of Africa.

The AEC’s report represents the foremost document whereby critical information can be attained about the state of play of Africa’s energy sector. For oil market players, the report provides insight into oil prices and demand, detailing how the cost of Brent crude is currently estimated at $111 on the back of resilient demand and the risk of a full Russian oil embargo; how supply is expected to exceed demand in Q2, 2022 and how the negative economic impact stemming from Russia’s war in Ukraine, the ongoing energy crisis and soaring inflation is expected to drive a downside regarding oil demand revision of 800,000 barrels per day for the year 2022; while identifying Africa’s top producers in 2022 and future production trends.

The report is not only helpful but critical for private and public sector operations, regional and international investors as well as African decision-makers and policymakers

What’s more, regarding gas markets, the report posits that the uncertainty over Russian supplies and sanctions on energy exports are expected to result in higher European liquefied natural gas (LNG) spot prices of over US$30/MMBtu as the expectation is that Europe will import large volumes of LNG; the exit of operators from Russia is expected to result in a revised development timeline for multiple projects in Russia, leading to a drop of cumulative output of 1435 bill cubic meters over the years 2022 – 2030; the sanctions and production drop are also expected to result in a global LNG demand-supply gap of about 120 million tons per annum by 2030; and that Algeria, Egypt and Nigeria will maintain their positions as the leading gas producers, contributing to over 80% of output. Further details are provided about LNG exports, trade relations in 2022 and beyond and new and upcoming discoveries.

Expanding on the Q1 report, the Q2 outlook provides a more detailed overview of the African energy industry, looking at exploration trends and challenges, expectations in 2022 and beyond as well as mergers and acquisitions – all valuable insight and integral for players across the entire energy value chain. With the continent’s energy sector undergoing significant changes driven by global markets fluctuations, post-COVID-19 capital expenditure trends and the ongoing Russia-Ukraine conflict, the report is not only helpful but critical for private and public sector operations, regional and international investors as well as African decision-makers and policymakers.

“The AEC is proud to announce the release of its second report this year, the State of African Energy for Q2, 2022. For investors, the report is critical for gaining the insight needed to sign deals and form partnerships, allowing an expansion across the African continent. While for African players, the report highlights new opportunities, identifies ongoing challenges and lays the foundation for growing Africa’s energy markets. By downloading the report, stakeholders will be able to advance their footprint across Africa while bringing African energy to the world,” states NJ Ayuk, Executive Chairman of the AEC.

Representing the voice of the African energy sector, the AEC is committed to driving investment and development across the continent’s various energy segments. In 2022, with shifts in global markets and new discoveries, projects and developments in Africa, the role the continent’s resources play in addressing global energy security has been emphasized. With the report, stakeholders will not only be able to gain an understanding of the sector itself but secure the information necessary to make informed decisions regarding African energy. Download the report now and gain the insight you need to making energy poverty history both in Africa and globally.

Visit https://bit.ly/3IiZkjZ to download the report today!

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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