Connect with us

Business

African Energy Week (AEW) 2024’s to Unlock Global Capital, Drive New Investments

Published

on

African Energy Week

The Energy Finance Summit will explore the continent’s latest transactions and mobilize funding for high-value projects, featuring an M&A Deal Spotlight, African Farmout Forum, dedicated Deal Room and more

CAPE TOWN, South Africa, September 12, 2024/APO Group/ — 

Africa’s energy finance landscape is seeing a surge in investment, driven largely by oil and gas developments, new offshore discoveries and favorable government policies. With over $110 billion set to be invested in energy across the continent this year, nearly $70 billion is allocated to fossil fuel projects, underscoring Africa’s continued focus on oil and gas as a vital part of its energy mix. In partnership with AFREXIM and S&P Global Commodity Insights, the Energy Finance Summit – as part of the upcoming African Energy Week (AEW): Invest in African Energy 2024 conference – taking place on 4-8 November – serves to mobilize funding and drive deals forward to accelerate project rollouts across the energy value chain.   

Africa’s oil and gas sector remains a focal point for global capital, alongside growing investments in clean energy and decentralized power solutions. Key opportunities exist in untapped oil reserves and growing natural gas fields in countries like Nigeria, Angola, Mozambique and Senegal, coupled with a recent uptick in LNG project investments, driven by rising global demand for natural gas as a transition fuel. Within this landscape, the Energy Finance Summit at AEW 2024 will unlock new strategies for accelerating investment in Africa’s energy future, from ESG finance and financing Africa’s energy in the era of the energy transition, to unlocking oil and gas assets through new risk and finance solutions and driving project bankability to maximize returns for investors.   

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. 

As IOCs rebalance their portfolios by divesting non-core and carbon-intensive upstream assets, an M&A Deal Spotlight will unpack the continent’s latest transactions and their role in driving competition and interest from indigenous and smaller operators, eager to capitalize on the availability of mature assets. The session will bring together investors and operators to discuss strategies for navigating the complexities of M&A deals in Africa, leveraging alternative financing mechanisms to secure capital and mitigating financial, operational and market risks associated with M&As in the oil and gas sector. While Africa’s oil and gas sector presents unique challenges for M&A activity, the potential for growth, diversification and strategic expansion remains substantial.  

The African Farmout Forum –organized in partnership with AEW and global energy advisory Moyes, oil and gas asset deals platform Farmout Angel and independent acquisition and divestment advisor Envoi – will serve as the event’s premier deal-making and pitching platform. The forum will enable NOCs, small- to medium-sized independents and start-up energy companies that are involved in exploration activities or seeking funding for projects to provide 10-minute pitches to a captive audience of exploration and new ventures managers. At last year’s AEW edition, 28 farmouts were promoted, directly facilitating access to partnerships and investment for companies and projects across the continent.  

AEW 2024 will also feature a Deal Room hosted by African-owned investment banking and advisory firm Premier Invest, providing a platform for project sponsors, developers and promoters to showcase significant upstream oil and gas transactions in Africa to potential investors and lenders. The session will highlight current investment opportunities in Africa’s upstream oil and gas sector, facilitate knowledge sharing and market insights, and promote partnership, collaborations and joint ventures within the industry. The Deal Room aims to bridge Africa’s oil and gas financing gap – in which the continent receives only five percent of global FDI – by identifying transactions that have the potential to generate significant returns and create value for local communities.  

Distributed by APO Group on behalf of African Energy Chamber.

Business

Golar Liquefied Natural Gas (LNG),Chief Commercial Officer (CCO) Joins Invest in African Energy (IAE) 2025 Speaker Lineup

Published

on

Liquefied Natural Gas

Federico Petersen, Chief Commercial Officer of Golar LNG, will share his expertise on the future of LNG in Africa and the role of floating LNG solutions in driving the continent’s energy transformation at the Invest in African Energy Forum in Paris next month

PARIS, France, April 25, 2025/APO Group/ –Federico Petersen, Chief Commercial Officer (CCO) of Golar LNG, will join the upcoming Invest in African Energy (IAE) 2025 Forum in Paris to discuss scaling LNG in Africa, overcoming infrastructure challenges and attracting investment. With Africa rapidly expanding its gas infrastructure, Petersen’s insights are expected to showcase how innovative LNG solutions can support sustainable energy growth across the continent.

As a global leader in floating LNG (FLNG) solutions, Golar LNG is advancing gas monetization across Africa. The company is actively involved in several key projects, including the Hilli Episeyo FLNG facility off the coast of Cameroon, operational since 2018, which plays a crucial role in unlocking regional gas resources with cost-effective, scalable LNG production. Golar LNG is also a key player in the Greater Tortue Ahmeyim project offshore Senegal and Mauritania, where it owns and operates the Gimi FLNG, which received its first feed gas in January 2025, marking a major milestone in LNG export operations.

IAE 2025 (https://apo-opa.co/3ECl25bis an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Additionally, Golar LNG is exploring further opportunities across the continent, including ventures in the Republic of Congo and Nigeria. In June 2024, the company signed an agreement with the Nigerian National Petroleum Corporation to deploy an FLNG vessel in the Niger Delta, utilizing 500 million cubic feet of gas per day to generate LNG, propane and condensate, with a final investment decision expected later this year.

The growth of LNG in Africa is set to accelerate in the coming years as key markets seek to tap into their vast natural gas reserves. As such, Petersen’s participation at IAE 2025 is poised to showcase the pivotal role of FLNG in enhancing energy security, driving economic growth and fostering regional cooperation.

As the global energy landscape shifts toward cleaner, more sustainable sources, LNG will remain crucial in powering Africa’s future, offering a reliable transition fuel to support the continent’s ambitious energy goals. With IAE 2025 as a platform for high-level dialogue and partnerships, the forum will provide an invaluable opportunity for stakeholders to explore the latest LNG developments, deepen collaboration and drive investments that will shape the future of African energy.

Distributed by APO Group on behalf of Energy Capital & Power

Continue Reading

Business

VFD Group Plc Reports Remarkable Growth in Audited Financial Statement for 2024 Financial Year

Published

on

Net investment income surged by 95% to N59.0 billion, despite a spike in investment expenses to N15.5 billion from N7.4 billion in 2023

LAGOS, Nigeria, April 25, 2025/APO Group/ –In a stunning turnaround, VFD Group Plc (https://VFDGroup.com), a proprietary Investment firm, has announced its audited financial results for the year ended December 31, 2024, showcasing exceptional growth. The journey to this milestone was paved with strategic initiatives and a relentless pursuit of innovation.

Just a year ago, businesses globally struggled with macroeconomic headwinds, and VFD Group, not an exception, reported a pre-tax loss of N1 billion in 2023. However, the team’s dedication and forward-thinking approach yielded impressive results. The Group reported a pre-tax profit of N11.2 billion, representing a 1202% year-on-year growth.

Net investment income surged by 95% to N59.0 billion, despite a spike in investment expenses to N15.5 billion from N7.4 billion in 2023. Net revenue increased by 90% to N71.0 billion, while operating profit grew by an impressive 104% to N48.8 billion.

The company’s financial performance was nothing short of remarkable, with notable achievements including:

– Investment and similar income: N74.6 billion, up 98% YoY

– Net investment income: N59.0 billion, up 95% YoY

– Net revenue: N71.0 billion, up 90% YoY

– Operating profit: N48.8 billion, up 104% YoY

– Pre-tax profit: N11.2 billion, a significant turnaround from a N1 billion loss in 2023

As of April 22, 2025, VFD Group’s market capitalisation surged by 116% to hit N121.6 billion from N56.2 billion year to date.

These outstanding results reflect the success of our team’s efforts. As VFD Group looks to the future, it remains committed to delivering exceptional value to its customers and stakeholders.

Distributed by APO Group on behalf of VFD Group Plc.

Continue Reading

Business

African Energy Chamber (AEC) Champions Smart Policy, Strategic Partnerships to Advance Namibia’s Oil & Gas Discoveries

Published

on

The African Energy Chamber is a strategic partner of the Namibia International Energy Conference, which kicked off today in Windhoek

WINDHOEK, Namibia, April 24, 2025/APO Group/ –As a strategic partner of the Namibia International Energy Conference (NIEC), the African Energy Chamber (AEC) (www.EnergyChamber.org) is calling for a deliberate and accelerated approach to moving Namibia’s recent oil and gas discoveries into production – emphasizing the importance of speed, investor confidence and strategic collaboration.

Speaking during a high-level panel at NIEC 2025, AEC Executive Chairman NJ Ayuk urged Namibia to seize the momentum of its frontier discoveries, while avoiding the pitfalls that have stalled progress in other hydrocarbon-rich African nations. He emphasized that Namibia’s path to becoming a regional energy hub hinges on its ability to learn from international case studies and execute deals that ensure long-term national benefit.

“Namibia needs to move fast, produce quickly and negotiate the best deals with its partners to ensure the rapid development of its oil discoveries,” Ayuk stated. He pointed to Guyana as a prime example, noting how the South American country developed a robust strategy focused on national benefit and successfully attracted billions in investments to fast-track its energy projects.

Namibia needs to move fast, produce quickly and negotiate the best deals with its partners to ensure the rapid development of its oil discoveries

In contrast, Ayuk cautioned against the delays experienced by countries like Mozambique, Tanzania, Uganda and South Africa, where production was significantly postponed, leading to rising project costs and lost opportunities. “There is a growing movement trying to discourage Africa – and Namibia – from producing its oil and gas. We must resist that,” he added.

Reinforcing the need for investor-friendly terms, Justin Cochrane, Africa Upstream Regional Research Director at S&P Global Commodity Insights, highlighted the necessity of contract stability, transparent data-sharing and a balanced approach to fiscal negotiations. “It’s natural that Namibia wants to maximize its benefits, but pushing too hard on IOCs can result in getting 100% of nothing… The first milestone must be achieving first oil,” said Cochrane.

Representing Namibia’s national oil company, Victoria Sibeya, Interim Managing Director of NAMCOR, stressed that the company is actively engaged in every phase of the industry, from data acquisition and exploration to shaping the downstream and midstream vision. “We are not just bystanders,” said Sibeya. “NAMCOR is deeply involved in data acquisition, exploration and the exchange of knowledge and technology with our partners. We are also preparing to invest in downstream and midstream sectors to ensure that we can add value once production begins.”

Echoing the call for local development, Adriano Bastos, Head of Upstream at Galp, underscored the need for early and continuous skills development – proposing that Namibians be trained abroad in specialized areas like FPSO operations to ensure they are prepared to lead once production begins at home. “Namibia has capabilities that are rare in the region, but more collaboration with international partners is essential to build the local skills base,” he said.

Bastos noted that Namibians make up 25% of Galp’s workforce in the country, including its first female offshore base manager. “We are proud of the strides we have made. Our nationalization plans are aggressive, and we work closely with [the Namibian Ports Authority] and other local entities to implement meaningful capacity-building projects.”

As Namibia stands on the cusp of transforming exploration success into production, the message from industry leaders is clear: time, trust and talent will determine the country’s trajectory. Through cross-border collaboration, pragmatic deal-making and a strong national vision, Namibia can emerge not just as an oil producer – but as a continental model for inclusive, forward-thinking energy development.

Distributed by APO Group on behalf of African Energy Chamber

Continue Reading

Trending

Exit mobile version