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African Energy Week Delegates Offered Exclusive Membership Opportunity with Black Impact Foundation

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African Energy Week: Invest in African Energy 2024 attendees will have exclusive access to join the Black Impact Foundation Corporate Membership program, providing a powerful platform to demonstrate leadership in social equity and contribute to the empowerment of global Black communities

CAPE TOWN, South Africa, November 1, 2024/APO Group/ — 

As part of its commitment to advancing meaningful social change, African Energy Week (AEW): Invest in African Energy 2024 is pleased to announce that attendees will have the unique opportunity to join the Black Impact Foundation (BIF) through the African Energy Chamber’s (https://EnergyChamber.org/) exclusive Corporate Foundation Membership program. BIF offers an unparalleled platform for businesses looking to demonstrate leadership in diversity, equity and inclusion, as well as a commitment to supporting global Black communities. Membership in BIF is more than just a symbolic gesture; it is an active investment in creating lasting, positive change and aligning with the values of empowerment, corporate responsibility and social equity.

Joining the BIF provides AEW: Invest in African Energy 2024 delegates with access to a variety of benefits tailored to elevate their corporate social responsibility profile, enhance networking with industry leaders and access specialized resources. BIF membership connects organizations with a global network dedicated to the advancement of Black communities, strengthening companies’ brand reputation among stakeholders who prioritize social impact and corporate integrity.

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.

The Corporate Foundation Membership program offers three distinct tiers – Bronze, Silver and Gold – each providing progressively enhanced benefits to enable deeper levels of engagement with the Foundation and its mission. Bronze Membership offers an entry point for companies seeking to make an initial commitment to BIF’s work, providing valuable recognition opportunities without a substantial financial commitment. As a Bronze Member, companies will be featured on the BIF website, gaining visibility as a responsible supporter. Additionally, Bronze Members receive a BIF Supporter badge for use in marketing materials, access to quarterly Foundation newsletters and an invitation to participate in BIF’s Members Council, enabling them to contribute to the Foundation’s strategic direction. Bronze Members are also invited to annual networking events, creating spaces for dialogue and connection with other corporate and community leaders.

We are proud to offer AEW 2024 attendees an exclusive opportunity to join the Black Impact Foundation, an organization that drives meaningful social impact

Silver Membership builds upon the Bronze-level offerings and is suited for organizations looking for greater involvement and recognition. In addition to Bronze benefits, Silver Members receive customized social impact content, which can be used internally to highlight their commitment. They are provided with two VIP invitations to the BIF flagship annual summit, offering exposure to global thought leaders and industry pioneers. Silver Membership also unlocks access to custom partnership opportunities and co-branding possibilities for local events, as well as invitations to exclusive webinars and workshops. Executive representation is encouraged, with opportunities for senior leaders to speak at BIF events and drive visibility within a network dedicated to social progress.

Gold Membership represents the highest level of engagement, aimed at companies committed to shaping the future for global Black communities. Gold Members benefit from all Silver-level privileges along with prominent placement in BIF’s communications, including spotlights in newsletters, on the website and across social media. Additional VIP access to the BIF’s flagship events allows Gold Members to participate in private roundtables with high-profile leaders, where they can collaborate on initiatives of national or global impact. Gold Members also have the opportunity to engage their employees in BIF-supported volunteer, mentorship or educational programs, fostering a workplace culture of social responsibility and direct involvement in the Foundation’s mission.

“We are proud to offer AEW 2024 attendees an exclusive opportunity to join the Black Impact Foundation, an organization that drives meaningful social impact and supports the advancement of Black communities globally. By aligning with BIF, our delegates can not only enhance their brand’s commitment to social equity and corporate responsibility, but also engage with a community of like-minded leaders committed to building a more inclusive and sustainable future,” says NJ Ayuk, Executive Chairman of the African Energy Chamber.

By joining the BIF, AEW: Invest in African Energy 2024 attendees can leverage this partnership to enhance their reputation as leaders in social equity, connect with influential networks and contribute meaningfully to the empowerment of Black communities worldwide. For AEW: Invest in African Energy 2024 delegates seeking to demonstrate a commitment to impactful, sustainable change, the BIF Corporate Membership offers a powerful platform to make a difference.

Distributed by APO Group on behalf of African Energy Chamber.

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Genesis Energy Chief Executive Officer (CEO) to Discuss Energy Expansion at Congo Energy & Investment Forum

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January 20, 2025

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Genesis Energy

Akinwole Omoboriowo II will discuss Genesis Energy’s plan to deliver 10.5 GW of power across Africa, highlighting how Nigeria’s power sector experience can inform the development of the Republic of Congo’s domestic energy grid and gas export potential

BRAZZAVILLE, Republic of the Congo, January 20, 2025/APO Group/ — 

Akinwole Omoboriowo II, CEO of Genesis Energy, will speak at the Congo Energy & Investment Forum (CEIF) in Brazzaville this March, where he will discuss the company’s plans to deliver 10.5 GW of power across Africa, with a focus on energy initiatives that align with the Republic of Congo’s energy development goals.

Genesis Energy is driving transformational power projects, including providing 334MW to the Port Harcourt Refinery in Nigeria and plans to produce 1 GW within the WAEMU region. In October 2024, Genesis and BPA Komani announced their strategic partnership to mobilize capital and facilitate critical infrastructure projects focused on renewable energy, particularly Battery Energy Storage Systems across Africa. Additionally, Genesis’ recent MOU with the U.S. Agency for International Development will mobilize $10 billion for green energy and renewable projects, supporting Africa’s transition to a sustainable energy future.

The inaugural Congo Economic and Investment Forum, set for March 25-26, 2025 in Brazzaville, will bring together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. The event will explore the latest gas-to-power projects and provide updates on ongoing expansions across the country.

During CEIF 2025, Omoboriowo will explore how Genesis’ successful energy infrastructure development projects in Africa, combined with private sector innovation, can guide the Republic of Congo in strengthening its energy security and achieving its decarbonization goals. By leveraging its expertise in clean energy and strategic partnerships, Genesis Energy is poised to play a key role in helping the Republic of Congo harness its energy potential and expand its regional energy influence.

The Republic of Congo’s renewable energy sector is in a phase of growth, with increasing interest in solar, hydro and wind energy projects. Battery energy storage capacities are also gaining traction as a vital component of the country’s energy infrastructure, helping to balance supply and demand. The government is focusing on diversifying its energy mix to reduce dependency on fossil fuels and enhance grid reliability. Looking ahead, the Congo aims to expand its renewable energy capacity and integrate storage solutions to meet growing domestic and regional energy needs while supporting environmental sustainability.

Distributed by APO Group on behalf of Energy Capital & Power.

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Eni, TotalEnergies Announce New Exploration Projects in Libya

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10 hours ago

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January 20, 2025

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National Oil Corporation

Eni is launching three exploration plays, TotalEnergies is expecting promising results from its recent onshore exploration project, and other developments were shared during an upstream IOC-led panel at the Libya Energy & Economic Summit

TRIPOLI, Libya, January 19, 2025/APO Group/ — 

Libya’s National Oil Corporation (NOC) and international energy companies TotalEnergies, Eni, OMV, Repsol and Nabors outlined key exploration milestones and strategies to advance oil and gas production in Libya at the Libya Energy & Economic Summit 2025 on January 18.

Among the key developments highlighted were TotalEnergies’ recent onshore exploration project and promising exploration opportunities in the Sirte and Murzuq basins.

“With 40% of Africa’s reserves, Libya remains largely untapped,” said Julien Pouget, Senior Vice President for the Middle East and North Africa at TotalEnergies. Pouget shared TotalEnergies’ plans for 2025, including the completion of an onshore exploration project and new exploration in the Waha and Sharara fields. “We expect results next week,” he added.

Luca Vignati, Upstream Director at Eni, echoed optimism for Libya’s potential and outlined the company’s ongoing investment initiatives in the country. “We are launching three exploration plays – shallow, deepwater and ultra-deep offshore. No other country offers such opportunities,” Vignati stated. He also highlighted the company’s investments in gas projects, including over $10 billion for the Greenstream gas pipeline and a CO2 capture and storage plant in Mellitah.

Repsol affirmed its commitment to advancing exploration in Libya, focusing on overcoming industry challenges and achieving significant production milestones.

We have 48 billion barrels of discovered but unexploited oil, with total potential estimated at 90 billion barrels, especially offshore

“Over the past decade, Libya has made remarkable efforts to fight natural field decline and encourage exploration,” said Francisco Gea, Executive Managing Director, Exploration & Production at Repsol. “We have reached 340,000 barrels per day. The two million target is within reach, and as international companies, we have the responsibility to bring capacity and technology.”

“Innovation is key to maximizing production and accelerating exploration. By deploying cutting-edge solutions, Nabors can enhance efficiency, reduce costs and ensure safer operations,” added Travis Purvis, Senior Vice President of Global Drilling Operations at Nabors.

Bashir Garea, Technical Advisor to the Chairman of the NOC, highlighted the country’s immense oil and gas potential. “We have 48 billion barrels of discovered but unexploited oil, with total potential estimated at 90 billion barrels, especially offshore,” he said. He also pointed to Libya’s sizable gas reserves, noting, “Libya has 122 trillion cubic feet of gas yet to be developed. To unlock this potential, we need more investors and new technology, particularly for brownfield revitalization.”

“Our strategy spans the entire value chain. Strengthening infrastructure is essential to maximizing production and efficiency,” said Hisham Najah, General Manager of the NOC’s Investment & Owners Committees Department.

NJ Ayuk, Executive Chairman of the African Energy Chamber and session moderator, underlined Libya as a prime destination for foreign investment: “Libya is at the cusp of a new energy era. The time for bold investments and strategic partnerships is now.”

Distributed by APO Group on behalf of Energy Capital & Power.

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Libya’s Oil Minister: Brownfields, Local Investment Key to 2M Barrels Per Day (BPD) Production

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January 20, 2025

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Libya’s Oil & Gas Minister outlined plans to boost production to 1.6 million bpd in 2025 and 2 million bpd long-term, with brownfield development and local investment at the core, during the Libya Energy & Economic Summit

TRIPOLI, Libya, January 19, 2025/APO Group/ — 

Libya is setting its sights on boosting oil production to 2 million barrels per day (bpd) within the next two to three years, with brownfield development and local investment identified as critical drivers of this growth. Speaking at the Libya Energy & Economic Summit (LEES) in Tripoli on Saturday, Minister of Oil and Gas Dr. Khalifa Abdulsadek outlined the country’s strategy to reach 1.6 million bpd by year-end and laid the groundwork for longer-term growth.

“There are massive opportunities here, massive fields that have been discovered, but a lot of fields have fallen between the cracks,” stated Minister Abdulsadek during the Ministerial Panel, Global Energy Alliance – Uniting for a Secure and Sustainable Energy Future. “We want to make sure local oil companies take part. We also want to leverage the upcoming licensing round to support our planned growth in the oil sector.”

The minister’s remarks were complemented by a strong call for international participation in Libya’s upcoming licensing round, signaling the government’s commitment to fostering collaboration and maximizing the potential of its energy sector.

Highlighting Libya’s vast natural gas potential – with reserves of 1.5 trillion cubic meters – Mohamed Hamel, Secretary General of the Gas Exporting Countries Forum, stressed the need for enhanced investment in gas projects. He pointed to ongoing initiatives like the $600 million El Sharara refinery as opportunities to stimulate economic diversification.

There are massive opportunities here, massive fields that have been discovered, but a lot of fields have fallen between the cracks

“Natural gas is available,” Hamel stated, adding, “It is the greenest of hydrocarbons and we see natural gas continuing to grow until 2050.”

The panel also tackled the global energy transition, emphasizing Africa’s unique challenges and the need for the continent to harness its resources to achieve energy security. Dr. Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers Organization (APPO), underscored the critical need for finance, technology and reliable markets to drive progress.

“At APPO, we have noted three specific challenges for the African continent. Finance, technology and reliable markets,” he stated, questioning whether Africa can continue to depend on external forces to develop its resources.

As one of Africa’s top oil producers, Libya holds an estimated 48 billion barrels of proven oil reserves. The country’s efforts to expand production, attract investment and drive innovation are central to the discussions at LEES 2025. Endorsed by the Ministry of Oil and Gas and National Oil Corporation, the summit has established itself as the leading platform for driving Libya’s energy transformation and exploring its impact on global markets.

Distributed by APO Group on behalf of Energy Capital & Power.

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