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African Energy Week (AEW) 2024 to Foster Investment and Collaboration with Organization of the Petroleum Exporting Countries (OPEC)-Africa Roundtable

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African Energy Week

The OPEC-Africa Roundtable will showcase Africa’s readiness for new ventures with international investors to unlock the full potential of its oil industry for global energy security

CAPE TOWN, South Africa, July 23, 2024/APO Group/ — 

The upcoming African Energy Week (AEW): Invest in African Energy conference – Africa’s premier event for the energy sector, taking place from 4–8 November in Cape Town – will host an OPEC-Africa Roundtable, uniting key stakeholders from OPEC and African oil producers to engage in collaboration and strategic dialogue on best practices to stabilize the global oil market. The return of the OPEC-Africa Roundtable at this year’s event underscores the strengthening ties between OPEC and Africa and is underpinned by Africa’s growing importance in global market dynamics.

This June, OPEC and its allies, including African producers such as the Republic of the Congo, Equatorial Guinea, Algeria, Libya, Gabon and Nigeria, agreed to extend oil production cuts through to September 2025. The production cuts are designed to avoid oversupplying the global oil market, stabilize barrel prices, foster investment in both existing and new projects, and ensure revenue generation for producing countries. Efforts to maximize the stability of the global oil market by leveraging Africa’s 125 billion barrels of crude reserves will be unpacked during the roundtable.

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.

Global oil demand is expected to reach 116 million barrels per day (bpd) by 2045, according to OPEC. This highlights a strategic opportunity for both existing and emerging producers in Africa, and countries are already driving upstream developments to meet rising demand. In April 2024, Nigeria – Africa’s biggest oil producer – unveiled its 2024 Licensing Round, offering 12 blocks for exploration. The round aims to entice new investment into undeveloped blocks, specifically deep offshore assets. The launch followed the country starting operations at the TotalEnergies-operated Akpo West Field in February 2024, increasing daily output by 14,000 bpd.

OPEC is committed to not only stabilizing global oil markets but supporting investment and development in Africa

The continent’s second largest producer is Libya, an OPEC member since 1962, with production measuring 1.21 million bpd in April 2024. The country has been rehabilitating 36 oil wells in the Messla and Sarir fields and has commenced several exploration campaigns with Spanish energy firm Repsol, Algerian National Oil Company (NOC) Sonatrach and energy major TotalEnergies. Libya aims to produce two million bpd within the next two to three years and plans to launch a new licensing round by the end of 2024 or early 2025.

Meanwhile, the Republic of the Congo – which became an OPEC member in 2018 – is undertaking a series of measures to boost investments and infrastructure developments across its upstream sector. The country aims to increase output from the current 259,000 bpd to 500,000 bpd. Chinese energy company Wing Wah is developing the Banga Kayo block while energy major Eni is exploring conventional and deep offshore areas off the coast of Pointe-Noire. Eni inaugurated the Congo LNG project in 2023. Additionally, earlier this year, TotalEnergies announced plans to invest up to $600 million to strengthen E&P activities in the country, including operations at the Moho Nord field which accounts for roughly half of the country’s total production.

Gabon is also driving upstream projects, leveraging its OPEC membership and strategic vision to increase production to 220,000 bpd. E&P company BW Energy kickstarted production at the DHBSM-1H well in the Hibiscus South exploration prospect in March, only five months after the discovery was made. Independent oil and gas firms Perenco and VAALCO are implementing several drilling campaigns at the Hylia and Etame Marin fields. TotalEnergies is drilling in the Baudroie-Mérou Marine field and the China National Offshore Oil Company is exploring Blocks BC-9 and BCD-10.

In Equatorial Guinea, NOC GEPetrol signed a Production Sharing Contract (PSC) for Block EG-23 with independent E&P firm Panoro Energy, with plans to fast-track infrastructure development in the block and utilize the assets to drive the country’s oil market expansion. The company also signed PSCs with Chevron for Blocks EG-11 and EG-06.

“OPEC is committed to not only stabilizing global oil markets but supporting investment and development in Africa. For mature producers, the organization remains committed to strengthening supply-demand dynamics, while for emerging producers, stands ready to support as the industry grows. Going forward, OPEC will continue to play a crucial role in reinforcing Africa’s position in global energy matters,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber.

The OPEC-Africa Roundtable builds on these developments to foster a collaborative approach to addressing industry challenges and seizing new opportunities in African oil. The roundtable will feature high-level speakers and key decision-makers, including OPEC Secretary General Haitham Al Ghais, alongside African energy ministers, top executives from major oil companies and leading industry experts. The Secretary General is expected to highlight investment opportunities in the African oil market while delving into strategies for balancing supply-demand worldwide.

Distributed by APO Group on behalf of African Energy Chamber.

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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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