Connect with us

Business

African Energy Week (AEW) 2024 to Unlock New Chapter in United States-Africa Energy Relations

Published

on

African Energy Week

African Energy Week: Invest in African Energy will host a US-Africa Roundtable focused on deploying US capital, technology and expertise across the continent

CAPE TOWN, South Africa, July 8, 2024/APO Group/ — 

As climate policies evolve and global competition intensifies, US investors are set to play a critical role in driving the sustainable development of Africa’s energy sector through technology, technical expertise and capital. Addressing these dynamics head-on, African Energy Week (AEW): Invest in African Energy 2024 will host a US-Africa Partnerships Roundtable, a crucial forum dedicated to amplifying collaborative efforts between the US and Africa in the oil and gas and energy space.

The roundtable will explore strategies for strengthening US-Africa partnership in technology, policy and investment, maximizing joint benefits such as expanded market access, enhanced energy security and innovation through joint ventures. By forging more resilient partnerships, both regions aim to propel energy projects and sustainable development. While African markets stand to gain from US capital and technical expertise, US companies will also benefit from bringing new crude oil and LNG capacity online and shaping the energy transition trajectory of Africa and the broader Global South. 

AEW: Invest in African Energy stands as the premier platform for project operators, financiers, technology providers, and governments, recognized as the definitive venue for sealing deals in African energy. For more information about this pivotal event, visit www.AECWeek.com.

Historically, US explorers have played a leading role in Africa’s mature oil and gas markets. In Angola, Chevron holds a 26% market share through flagship assets in Blocks 0 and 14 and recently signed two risk service contracts for Blocks 49 and 50 in Angola’s Lower Congo Basin, marking its first operated assets outside of the Cabinda concessions. ExxonMobil recently completed drilling at the Likember-01 research well in Block 15 offshore Angola and is poised to invest $15 billion to develop potential discoveries in the Namibe Basin through 2030. The US has also committed $360 million to the Lobito Corridor development project, which aims to facilitate the export of critical raw materials from the Democratic Republic of the Congo and Zambia through Angola’s Port of Lobito to US buyers.

These partnerships will not only stimulate drilling activities, yield new discoveries and strengthen production infrastructure, but also empower local economies

In Nigeria, Chevron is expanding its investments in deepwater projects and acquired a stake in OPL 215 offshore the Niger Delta at the start of this year. Chevron’s new era of deepwater development in Nigeria includes signing a 20-year renewal of three deepwater leases, conducting seismic data acquisition on several deepwater blocks, expanding the prolific Agbami field project and launching a $1.4-billion infill drilling program from 2022-2026 in the shallow offshore and onshore Escravos area.

American multinational ConocoPhillips is another active player in Africa’s upstream sector, recently increasing production from the Al Waha oil field in Libya by 40,000 barrels per day (bpd), following infrastructure and operational upgrades. Last month, ConocoPhillips announced its acquisition of US independent Marathon Oil, which includes an integrated gas business in Equatorial Guinea, along with interests in the producing Alba Field and offshore Block D. Equatorial Guinea has long attracted a wide range of American explorers, including Kosmos Energy, which holds interests in the Ceiba Field and Okume Complex in Block G, where the company is currently drilling two infill wells to add 3,000 bpd by year-end.  

American companies are also leading Africa’s frontier oil and gas markets. ExxonMobil is spearheading the $2.3-billion Rovuma LNG project in Mozambique, expected to be one of the world’s largest LNG ventures with an annual capacity of 18 million tons. Meanwhile, Baker Hughes has deployed advanced maintenance solutions and innovative technologies to the Greater Tortue Ahmeyim (GTA) LNG project in Senegal-Mauritania, which foresees first gas production this year, as well as recently secured a contract for a gas-boosting project in Algeria’s Hassi R’Mel gas field. Kosmos Energy plays a key role in Senegal as a partner to the GTA LNG project, and is also developing an offshore LNG facility for the Yakaar-Teranga project focused on delivering cost-competitive gas.

“Heightened energy sector collaboration between the US and Africa represents a strategic opportunity to leverage the expertise of American operators, investors, technology, and service providers. These partnerships will not only stimulate drilling activities, yield new discoveries and strengthen production infrastructure, but also empower local economies, creating a domino effect of socioeconomic benefits across the continent,” says NJ Ayuk, Executive Chairman of the African Energy Chamber.

The US-Africa Partnerships Roundtable at AEW 2024 promises to be a pivotal event, marking expanding relations between the US and African nations in advancing mutual energy goals and sustainable development.

Distributed by APO Group on behalf of African Energy Chamber.

Business

Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

Published

on

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.

 

Continue Reading

Business

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

Published

on

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.

Continue Reading

Business

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

Published

on

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.

Continue Reading

Trending

Exit mobile version