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African Energy Week (AEW) 2024 to Fuel Project Development with Dedicated Upstream E&P Forum

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African Energy Week

The Upstream E&P Forum will serve as the premier platform to update Africa’s energy leaders on oil and gas projects shaping the energy landscape across the continent

CAPE TOWN, South Africa, June 4, 2024/APO Group/ — 

Representing the biggest gathering of energy stakeholders on the continent, Africa’s premier energy event – the African Energy Week (AEW): Invest in African Energy conference – will host a dedicated Upstream E&P forum to showcase licenses and active assets to global investors and industry leaders. The forum serves as the principal platform to connect investors and project developers with available acreage.

The forum will feature private sector executives, ministers and senior and government officials as they drill down on key issues and offer progressive solutions for maximizing the value of Africa’s energy resources. Representing the ideal platform for leading players throughout the continent and abroad to build on a shared commitment towards bringing Africa out of energy poverty, the forum aims to bolster energy access through resource exploitation and monetization. Don’t miss the chance to connect with Africa’s E&P market. Contact register@aecweek.com or sales@aecweek.com for more information about the forum.

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.

In 2024, Africa’s E&P landscape is witnessing unprecedented growth owing to regional demand, with recent large-scale discoveries and calls by African stakeholders to advance hydrocarbon monetization. While major oil producing countries such as Algeria, Angola and Libya look towards expanding production on the back of new exploration campaigns, nascent markets such as Namibia and the Republic of Congo have put forward ambitious upstream agendas which aim to position the countries as both producers and exporters.

Africa is making strides to expand its oil and gas reserves, with multiple countries introducing new licensing rounds and accelerating ongoing ones. Sub-Saharan Africa is expected to spearhead this growth, with more than 11 licensing rounds planned for 2024 and 2025. Namibia is awarding new E&P licenses in two 2-month periods in 2024 as part of a new open-door system entitled the New System, which was launched in January to address a backlog of permit applications. The country received applications for its onshore blocks from April to May and is poised to receive applications for offshore E&P licenses from September to October.

The Upstream E&P Forum will be crucial for moving projects forward and prioritizing the funding of large-scale oil and gas projects to fuel economic growth

Meanwhile, Angola’s national concessionaire – the National Oil, Gas & Biofuels Agency (ANPG) – is set to launch its 2025 Limited Public Tender, offering up to 10 offshore blocks in the Kwanza and Benguela basins in 2025. In March 2024, the ANPG announced winners for a 12-block oil and gas tender covering the Lower Congo and Kwanza onshore basins. The government’s updated Hydrocarbon Exploration Strategy 2020-2025 showcases the immense potential within the country’s geologically-appraised concessions and sedimentary basins, with underexplored prospects such as the Kwanza Basin and Namibe Basin serving as some of the world’s leading frontiers for hydrocarbon exploration.

Additionally, Nigeria launched its 2024 licensing round in April, offering 19 blocks – including seven deep offshore assets and 12 new assets. The licensing round will conclude in January 2025, highlighting a strategic opportunity for E&P players. Uganda is also expected to launch its third licensing round in mid-2024, offering blocks in the Open Albertine Graben basin, while Somalia is set to offer some 26 offshore blocks in its 2024 bid round – expected to close in 2026. Kenya and Tanzania are preparing to launch their own respective licensing rounds this year, underscoring frontier opportunities in East Africa.

Across the continent, E&P players are already making strides towards developing untapped resources. In April, energy giant TotalEnergies signed an MoU with Algerian state-owned energy company Sonatrach for the appraisal and development of gas resources in the North-East Timimoun region. Meanwhile, the same month saw the discovery of a well in Libya by the country’s state-owned National Oil Corporation with the potential to produce 16.8 million cubic feet of gas per day. In addition to gas, the discovery also shows the potential for the well to produce 646 barrels of oil per day with a specific density of 49 API.

On top of these recent advancements, large scale discoveries in the Orange Basin and the MSGBC Basin have positioned Africa as one of the world’s top oil and gas markets. In Namibia – compounded by favorable fiscal incentives and a large-scale investment landscape – discoveries include the Graff-1, Venus-1, Jonker-1X, La Rona-1, Lesedi-1X, Mopane-1X and most recently, the Mangetti-1X concessions, which have attracted oil and gas supermajors including TotalEnergies, Shell, Chevron and ExxonMobil, as well as independents players such as Azule Energy, Galp and ReconAfrica.

Meanwhile, the Sangomar Field Development – Senegal’s inaugural offshore oil project – anticipates first oil in mid-2024 and is set to process 100,000 barrels per day once operational. Straddling the maritime border between Mauritania and Senegal, the development of the Greater Tortue Ahmeyim LNG project is nearing completion.

“What Africa needs to make energy poverty history by 2030 is for more wells to be drilled. The Upstream E&P Forum will be crucial for moving projects forward and prioritizing the funding of large-scale oil and gas projects to fuel economic growth and accelerate industrialization,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber.

Register now at registration@aecweek.com to take part in this strategic forum.

Distributed by APO Group on behalf of African Energy Chamber.

Business

SLB commissions new fluids systems plant in Pemba to support Mozambique’s offshore energy development

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Mozambique

New facility expands in-country drilling and completion fluids capability, advancing the next phase of SLB’s growth in Mozambique

PEMBA, Mozambique, October 9, 2026/APO Group/ –SLB (NYSE: SLB) (www.SLB.com) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s offshore activity grows and its role as a strategic energy hub for East Africa continues to expand.

The commissioning of the plant, also known as a liquid mud plant, coincides with SLB marking 70 years of operations in Mozambique. It reflects the company’s long-term commitment to investing in people, infrastructure and capability that support the country’s long-term offshore energy development plans.

 




  

With an initial storage capacity of 21,000 barrels, the liquid mud plant provides a scalable platform for future growth, supporting multiple customers and rising offshore activity while improving logistics and enhancing operational flexibility.

As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions

“As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions,” said Miguel Baptista, Central, East and Southern Africa, Managing Director, SLB. The new liquid mud plant strengthens local energy infrastructure, expands opportunities for local content development, and enhances our ability to support customers as they deliver some of Africa’s most significant offshore energy resources.”

The liquid mud plant project was delivered with strong local participation and that momentum is expected to continue into operations. During project delivery, more than 100 jobs were created in Pemba with nationals representing 80% of the workforce, reflecting a focus on building local capability.

The project was delivered with a strong focus on safety, operational integrity, and quality, achieving more than 67,000 hours worked without a recordable safety incident.

This key infrastructure strengthens SLB’s ability to support consistent service quality and enhance supply chain readiness for increasing offshore activity across Mozambique, supporting customers execute safely and efficiently while developing local skills and expertise.

Key Points:

  • SLB has commissioned a new fluids system plant in Pemba, expanding in-country drilling and completion fluids capability for offshore operations.
  • With an initial storage capacity of 21,000 barrels, the facility provides a scalable platform to support growing offshore activity in Mozambique.
  • The investment marks the next phase of SLB’s growth in Mozambique, strengthening local capability and supporting long-term offshore energy development.

Distributed by APO Group on behalf of SLB.

 

 




 

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South African Energy Storage Association (SAESA) welcomes 4,600 MW battery storage prioritisation and calls for integrated energy planning

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Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply

JOHANNESBURG, South Africa, October 9, 2026/APO Group/ –The South African Energy Storage Association (SAESA) (www.SAESA.org.za) welcomes the prioritisation of 4,600 MW of battery energy storage under the first Integrated Resource Plan (IRP) 2025 Section 34 determination.

 




  

The timing is significant. Recent Integrated Energy Plan (IEP) modelling and assumptions discussions highlighted a fundamental shift that South Africa’s energy planning now needs to capture: we cannot plan the future power system by counting megawatts of generation alone.

We must plan for when energy is available, where it is available, how it moves through a constrained grid and how it is stored and dispatched when the system needs it most.

The announcement reinforces that shift. Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply.

For SAESA, the message for the IEP is clear: storage, flexibility and system services must be modelled as integral components of South Africa’s future electricity architecture, with their contribution considered from the outset of generation planning.

“The IEP must plan the power system we are becoming, not simply model the power system we have inherited,” says SAESA.

The IEP must plan the power system we are becoming, not simply model the power system we have inherited

Partnership with C&I Energy + Storage Summit

SAESA is an association partner of the C&I Energy + Storage Summit, created by VUKA Group, taking place on 28–29 October 2026 at The Maslow Hotel, Sandton, Johannesburg.

The summit brings together commercial and industrial energy users, project developers, financiers, regulators and solution providers to explore practical approaches to energy security, procurement and storage deployment.

For businesses assessing how storage can support their operations, the event offers an opportunity to meet SAESA and engage with the wider energy community on the decisions shaping South Africa’s evolving electricity system.

Commercial and industrial energy decision-makers are invited to apply to attend as hosted buyers. Qualifying buyers receive complimentary summit access and curated opportunities to engage with industry partners.

 

Meet SAESA at C&I Energy + Storage Summit: Join the Hosted Buyer Programme

The Hosted Buyer Programme connects commercial and industrial energy decision-makers with solution providers shaping South Africa’s evolving private energy market.

Qualified energy buyers receive complimentary access to the summit and curated engagement with industry partners exploring energy procurement, storage deployment and project development.

Apply for the Hosted Buyer Programme (https://apo-opa.co/4ehLijJ)

Distributed by APO Group on behalf of VUKA Group.

 




 

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Afreximbank welcomes launch of Africa Credit Rating Agency as an important step in strengthening Africa’s financial architecture

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Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets

PORT LOUIS, Mauritius, October 8, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes today’s launch of the Africa Credit Rating Agency (AfCRA), an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible, independent analysis of African credit risk.

 




 
 

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses can finance development. It is therefore essential that assessments of African credit risk are independent, rigorous and evidence-based, while reflecting a complete understanding of the structures, institutions and economic realities being assessed.

The establishment of AfCRA adds an important African-led source of credit opinion to the market. Its value will not be measured by whether it produces more favourable ratings, but by the credibility of its analysis, the quality of its data and transparency of its methodology, and its ability to deepen understanding of African sovereigns, sub-sovereigns and corporate credit.

This is particularly important given that many African issuers remain unrated, while local-currency and sub-sovereign markets continue to have limited rating coverage. Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets.

AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans

Alongside fellow members of the Alliance of African Multilateral Financial Institutions (AAMFI), Afreximbank has consistently maintained that African Multilateral Financial Institutions should be assessed on the basis of their fundamentals, performance, legal frameworks, mandates and operating models. Ensuring that these institutional characteristics are properly understood is essential to achieving informed, balanced and credible assessments of African risk.

Commenting on the uniqueness of the African market, and need for AfCRA’s rating methodology to reflect this, Mr Denys Denya, Senior Executive Vice President, Afreximbank, said: “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere — it must build a unique identity that conforms to an ‘African best practice.”

Highlighting the need for the autonomy of the Africa Credit Rating agency as it takes off, Mr Denya added: “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix.”

AfCRA should therefore be seen as complementary to existing international and regional rating agencies, broadening the range of credible analysis available to investors and issuers while strengthening competition, transparency and analytical capacity within Africa’s credit markets.

As Africa seeks to mobilise the scale of capital required for industrialisation, trade, infrastructure and economic transformation, credible African institutions that improve information, strengthen market confidence and deepen the continent’s financial markets will become increasingly important.

Afreximbank congratulates the African Union, the African Peer Review Mechanism (APRM) and all those involved in bringing AfCRA from concept to launch, and looks forward to the contribution the Agency will make to deeper, more transparent and more efficient African capital markets.

Distributed by APO Group on behalf of Afreximbank.

 




 

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