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African Energy Week (AEW) 2024 to Host MSGBC Spotlight as First Oil Affirms Regional Investment Potential

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African Energy Chamber

Sponsored by Technip Energies, the MSGBC Country Spotlight will showcase upcoming projects, developments and investment opportunities within the MSGBC bloc.

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

First production at the Sangomar Oilfield in 2024 in tandem with undeveloped oil, gas and renewable energy potential make the MSGBC region a hotspot for energy investment. As such, this year’s African Energy Week (AEW): Invest in African Energy 2024 conference – taking place in Cape Town from November 4-8 – will feature a country spotlight on Mauritania, Senegal, The Gambia, Guinea-Bissau and Guinea-Conakry, showcasing how the region presents a compelling opportunity for investors due to its vast untapped resources, favorable regulatory environments and strategic location. 

The Invest in MSGBC Energies country spotlight – sponsored by engineering and technology company Technip Energies – will explore how governments in the region are actively promoting policies that will attract foreign direct investment, providing incentives and serving to streamline processes that reduce barriers to entry.  

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. 

Joining the ranks of oil-producing countries, Senegal shipped its first crude cargo from the Sangomar oil project in July this year. The $5.2 billion Sangomar field development is operated by global energy company Woodside Energy and aims for an initial production of 100,000 barrels per day. The first phase of the development involves 23 wells – comprising 11 production, 10 water injection and 2 gas injection wells – and targets and estimated resource base of 630 million barrels. 

To maintain the success of ongoing projects, the region is strengthening its investment climate to encourage new participation and funding

Additionally, Mauritania anticipates first natural gas production from the Greater Tortue Ahmeyim project – straddling the maritime border of Mauritania and Senegal – to begin this year and is also spearheading the development of 12.5 million tons of green hydrogen capacity by 2035. In July this year, the government approved two bills, the first of which establishes an incentive-based and transparent legal and regulatory framework to attract renewable energy and green hydrogen investors. The second bill introduces new mechanisms to promote SMEs that provide high-quality goods and services, as well as develop local expertise and know-how in the country’s extractive industries.  

Meanwhile, The Gambia’s offshore prospects offer significant potential for play-opening discoveries and is situated in proximity to the Sangomar field. The country’s Bambo prospect reservoirs have revealed oil shows in recent years and could hold up to 1.2 billion barrels of oil. The data – acquired by independent oil and gas company FAR – has opened additional material exploration opportunities in the offshore A2 and A5 blocks. 

Set to support Guinea-Bissau’s first solar power plants with a $35 million grant, the Board of Executive Directors at international finance institution the World Bank is set to develop 30 MW of solar parks with battery energy storage systems in the country. Meanwhile, last year, the government and energy supermajor Eni joined forces to embark on a joint endeavor to appraise the country’s offshore exploration prospects 

Major advancements this year saw Guinea-Conakry initiating discussions with private partners for the development of 500 MW of solar energy. Meanwhile, natural gas company West Africa LNG announced the start of development of the $3 billion Guinea LNG import project, which is poised to supply power to the country’s energy and mining sectors by 2025.   

In light of these major milestones in the MSGBC region, the country spotlight at this year’s AEW: Invest in African Energy conference will outline ongoing project developments, future investment opportunities and emerging partnerships. Speakers will include Senegal’s newly appointed Minister of Energy, Petroleum and Mines Birame Souleye Diop; Guinea-Conakry’s Minister of Energy, Hydropower and Hydrocarbons Aboubacar Camara as well as upstream oil company Kosmos Energy’s Vice President and Country Manager for Mauritania Ismail Sid Ahmed; marine engineering company Golar LNG CEO Karl Staubo and senior executives from engineering and technology company Technip Energies and energy company AGL Energy.  

“Advancements in the oil, gas, renewables and green hydrogen sectors coupled with the development of favorable fiscal and regulatory incentives make the MSGBC region one of the most attractive investment destinations for the energy industry in the world. To maintain the success of ongoing projects, the region is strengthening its investment climate to encourage new participation and funding,” states African Energy Chamber Executive Chairman NJ Ayuk. 

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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