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African Exploration and Production (E&P) Above-Ground Attractiveness Strengthens amid Policy and Licensing Reforms

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African Energy Chamber

The African Energy Chamber’s State of African Energy Outlook highlights the impact of above-ground reforms and licensing on Africa’s E&P investment landscape

JOHANNESBURG, South Africa, December 2, 2025/APO Group/ –With upstream capital expenditure set to reach $41 billion in 2026, Africa’s rising exploration and production (E&P) activity highlights the evolving landscape of above-ground attractiveness across the continent. According to the African Energy Chamber’s (AEC) (https://EnergyChamber.org) State of African Energy 2026 Outlook, African countries currently fall mostly in the mid-range of global attractiveness scores. However, a series of reforms, fiscal adjustments and strategic licensing initiatives are set to improve investor returns and deepen engagement across the continent.

Above-Ground Trends Shaping Investment

Political change, civil activism and shifting governance structures are creating new dynamics for African E&P. The waning of legacy European influence is being replaced by growing engagement from foreign powers, including China, Russia, the U.S. and Middle Eastern investors, impacting the diplomatic and investment landscape. Recent elections in South Africa, Senegal and Mozambique demonstrate how political flux can impact investor confidence and E&P operations.

Resource nationalism and local content requirements are also becoming more prominent. Governments are increasingly seeking to optimize national benefits from hydrocarbons through greater state participation, local ownership and employment measures. Countries such as Senegal, Mozambique, South Africa, Tanzania and Namibia are actively debating these policies. The evolving regulatory and social environment could empower civil society and labor unions, while environmental activities continue to scrutinize exploration in sensitive regions such as the Democratic Republic of Congo (DRC), Namibia and South Africa.

Strategic Licensing and Renewed Investor Interest

Amid renewed interest in deepwater exploration, sub-Saharan African producers are driving competitive licensing rounds to attract international operators and national oil companies (NOCs). Bid rounds are ongoing or planned in Angola, the Republic of Congo, the DRC, Nigeria and Tanzania, with host countries offering more attractive fiscal and contractual terms. African governments are also increasingly flexible in dealing with a diverse investor base, ranging from local independents to international NOCs and financiers such as Middle Eastern banks, Asian export credit agencies and global trading firms.

Countries including Angola and Nigeria have implemented institutional, regulatory and contractual reforms aimed at unlocking upstream investment. Streamlined mergers and acquisitions approvals, clearer legislation and transparent licensing frameworks are critical to attracting cross-border capital. Emerging markets such as Ivory Coast, Kenya, Namibia and Senegal/Mauritania are under investor scrutiny as potential sites for strategic acquisitions and greenfield projects.

Focus on Gas Regulation and Industrialization

The continent offers compelling opportunities for investors who are prepared to engage in a transparent, regulated, and increasingly competitive E&P landscape

African governments are also prioritizing gas regulation to unlock lower-carbon growth opportunities. Clear frameworks for the gas value chain are expected to stimulate domestic industrialization, power access and international supply diversification. While pioneering projects such as Congo Floating LNG have advanced, other initiatives in Nigeria, South Africa and Tanzania have been delayed due to contractual and offtake uncertainties. Pending gas master plans and legislation in Angola, the Republic of Congo, Nigeria and South Africa will be pivotal in determining how much of Africa’s undeveloped gas potential can be mobilized for export and domestic consumption.

Spotlight on Key Country Developments

Angola has emerged as a leading host country for E&P investment in Africa. Its above-ground risk score has steadily improved since 2017, reflecting extensive regulatory and institutional reforms. Angola’s fiscal incentives, including terms for gas, marginal fields, and incremental production, have successfully attracted upstream investment, consolidating its status as a continental leader.

Ivory Coast maintains a pragmatic approach to foreign investment. Regardless of the outcome of the 2025 presidential election, authorities are expected to continue supporting upstream investors while emphasizing adherence to local content requirements, particularly for offshore developments.

Mozambique is witnessing a cautious restart of onshore LNG projects following the stabilization of post-election political challenges and improved security in Cabo Delgado. TotalEnergies’ Mozambique LNG project is set to resume construction in the second half of 2025, while Eni’s Coral North FLNG project remains on track. Despite progress offshore, onshore development may remain gradual due to lingering security risks.

Namibia is transitioning toward full producer status under President Netumbo Nandi-Ndaitwah. The country has consolidated oil and gas oversight under the presidency and is establishing an independent hydrocarbon regulator. Proposed increases in NOC NAMCOR’s share and local content requirements aim to strengthen the sector but could slow project approvals during a critical development phase.

Nigeria is reinvigorating its licensing program with updated terms and incentives targeting specific terrains and resource types. The government plans its third licensing round in three years, signaling a departure from decades of limited acreage availability. Renewed interest in projects such as TotalEnergies’ Ubeta onshore gas development and Shell’s Bonga North deepwater FID highlights growing investor confidence in Nigeria’s upstream potential.

African Energy Week 2026

Africa’s E&P sector is at a pivotal moment. Strategic licensing, institutional reform and evolving fiscal frameworks are enhancing above-ground attractiveness, while political and social dynamics continue to shape the operating environment. As international investors seek opportunities across the continent’s hydrocarbon frontier, the upcoming African Energy Week conference – returning to Cape Town in 2026 – will explore how clear regulation, competitive fiscal terms and effective risk management will drive new investment and support Africa’s long-term energy ambitions.

“The continent offers compelling opportunities for investors who are prepared to engage in a transparent, regulated, and increasingly competitive E&P landscape,” states NJ Ayuk, Executive Chairman, AEC. “Governments and operators must continue to balance national priorities with investor confidence to unlock Africa’s vast hydrocarbon potential.”

Distributed by APO Group on behalf of African Energy Chamber.

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Gas Exporting Countries Forum (GECF) Leadership Roundtable Brings Gas Producer Coordination to Paris

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As African gas producers navigate rising domestic demand, global LNG competition and a renewed push for investment, the GECF Leadership Roundtable at the Invest in African Energy 2027 Forum will examine how greater coordination can support project development, market access and long-term gas monetization

PARIS, France, November 3, 2026/APO Group/ –Africa’s gas industry is entering a period in which cooperation between producing countries could become increasingly important. Demand is rising, LNG markets are being reshaped by geopolitical disruptions and new supply, while major gas developments across the continent continue to compete for capital.

 




  

Against this backdrop, the GECF Leadership Roundtable at the Invest in African Energy (IAE) Forum 2027 in Paris will bring the perspectives of gas-producing countries into a discussion focused on the commercial and strategic priorities shaping the sector.

The session comes as Africa continues to expand its role in global LNG markets. The GECF forecasts LNG exports from the continent to reach about 110 billion cubic meters (bcm), or 80 million tons per annum (mtpa), by 2030, rising to 215 bcm, or 160 mtpa, by 2050. The outlook spans producers including Algeria, Angola, Egypt, Equatorial Guinea, Mozambique, Mauritania, Senegal and Nigeria, while GECF projections point to growing LNG trade with Asia and within African markets.

Recent developments have reinforced the strategic value of that supply base. Tanzania’s long-delayed $42 billion LNG project has gained renewed attention as disruptions to Middle Eastern gas supplies have increased the value of diversified LNG sources, while ExxonMobil is advancing preparations for Mozambique’s Rovuma LNG project after years of delay.

For African producers, however, expanding exports is only one part of the equation. Domestic gas demand is rising at the same time that governments are seeking to use gas to improve electricity supply, support industrial development and create new revenue streams. That creates a need to balance export projects with domestic offtake, pipeline infrastructure, gas processing and gas-to-power development.

Coordination between producing countries can help address some of these challenges. Sharing experience on fiscal frameworks, project development, infrastructure and market access can help governments compete for investment while strengthening the case for regional gas infrastructure and cross-border trade.

The global market is also becoming more competitive. Reuters reported this month that gas and LNG infrastructure investment is expanding across multiple regions, with Asia accounting for the largest share of planned LNG import capacity. At the same time, disruptions to Middle Eastern supply have reinforced concerns around security of supply and increased the strategic importance of alternative producers. That creates an opening for African gas producers, but converting that opportunity into projects will require capital, infrastructure and credible long-term markets.

The GECF Leadership Roundtable at IAE 2027, taking place in Paris from May 11-13, will provide a senior-level setting to examine those issues alongside the investors and project developers needed to advance them. The wider forum is designed to connect African energy markets with global capital, with a focus on projects spanning gas, LNG, infrastructure and power.

For African gas producers, the question is how effectively its resources can be developed, connected to markets and converted into reliable energy and industrial growth. The Paris roundtable will put producer coordination at the center of that investment conversation.

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

 

 




 

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Joint Statement: Afreximbank and African Petroleum Producers’ Organisation (APPO) formally establish Africa Energy Bank

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The creation of the Africa Energy Bank reaffirms African governments’ determination to secure their own energy future

ABUJA, Nigeria, October 31, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and the African Petroleum Producers’ Organisation (APPO) have formally announced the establishment of the Africa Energy Bank (AEB). The announcement was made during the AEB’s inaugural general meeting held in Abuja, Nigeria, on 31 October 2026.
 




 

The creation of the Africa Energy Bank reaffirms African governments’ determination to secure their own energy future. This move is in recognition that significant investments in energy generation and transmission was required to accelerating industrial growth and to leveraging the tremendous opportunities from the emerging technologies, particularly artificial intelligence (AI).

The Bank is being established at a time when the continent’s energy investment needs are estimated at US$200 billion. Traditional providers of short- and long-term financing to Africa’s energy sector are withdrawing funding from fossil fuels, even as oil and gas remain vital to the continent’s energy systems. The Africa Energy Bank aims to bridge this financing gap while supporting a just energy transition for African countries.

With an authorised capital of US$5 billion, the AEB will support projects across the energy value chain, including exploration and production, transportation, processing, refining, and distribution. These investments are intended to strengthen productive capacity, reduce reliance on imported petroleum products, and promote intra-African trade in energy goods. The Bank’s mandate also includes promoting robust African participation in the continent’s energy sector to ensure that Africa’s energy future is shaped by Africans.

The AEB will operate as an independent, supranational pan-African financial institution. It will seek to attract investments from governments, national oil companies, financial institutions, and private investors to support energy development across the continent.

Resolutions passed at the first general assembly included the appointment of the Bank’s inaugural President, Mr Helmy Ghazi, and the formation of its first Board of Directors, comprising members from the public and private sectors as well as leading policy institutions from across the continent.

Distributed by APO Group on behalf of Afreximbank.

 




 

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5 Investment Opportunities Putting Congo Energy & Investment Forum (CEIF) 2027 on the Map for Central Africa

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CEIF 2027 connects investors with Congo’s energy projects and local partners, while providing entry points for commercial opportunities across Central Africa

BRAZZAVILLE, Republic of the Congo, November 2, 2026/APO Group/ –The Republic of Congo’s expanding oil and gas developments are creating new opportunities for investment, engineering contracts and commercial partnerships across the energy value chain. With offshore discoveries, mature-field redevelopment and three million tons per year of LNG capacity, the country is entering a new phase of energy development that requires capital, technology and international partnerships.

 




 
 

The Congo Energy & Investment Forum (CEIF) 2027, taking place June 1-3 in Brazzaville, will serve as the official platform connecting Central African energy decision-makers, operators, investors and service companies. Organized by Energy Capital & Power in collaboration with the Ministry of Hydrocarbons, the forum will bring together public- and private-sector stakeholders to advance investment discussions, facilitate partnerships and connect companies with emerging opportunities across the region.

Connect With Central Africa’s Energy Decision-Makers

CEIF 2027 will provide a platform to engage directly with Congolese authorities, regulators, national energy companies and policymakers shaping the region’s energy investment landscape. Taking place in partnership with the Ministry of Hydrocarbons, the event offers a bridge between the country’s policymakers and public- and private-sector companies. Conversations with decision-makers can help investors understand national development priorities, gain insight into the regulatory environment and identify opportunities for market entry or expansion.

Capitalize on Congo’s Upstream Investment and Production Ambitions

As Congo targets production growth toward 500,000 barrels per day, operators are pursuing new exploration and mature-field redevelopment to increase output. TotalEnergies’ 2026 Moho G discovery could unlock an estimated 100 million barrels of recoverable resources alongside the existing Moho F development, illustrating the potential to connect new discoveries to established offshore infrastructure. Meanwhile, Perenco and Trident Energy are pursuing development and redevelopment opportunities across mature assets, including well reactivation and infrastructure upgrades.

These activities could create opportunities for drilling contractors, engineering firms and production technology providers. CEIF 2027 offers a platform to explore project requirements and investment opportunities across Congo’s upstream sector.

Unlock Opportunities Across LNG, Gas and Power Infrastructure

With LNG exports established and liquefaction capacity reaching three million tons per year in 2026, Congo is looking towards its next phase of gas development. This will depend on sustaining feedgas supplies, connecting additional resources and expanding infrastructure.

Beyond LNG, Congo’s plans to expand electricity generation and improve transmission and distribution infrastructure present opportunities for power developers, equipment suppliers and investors. These priorities create potential opportunities for upstream operators, engineering companies, technology providers and investors interested in gas processing, power generation and distribution. CEIF provides a platform to advance these priorities.

Showcase Solutions and Build Commercial Partnerships at the Exhibition

The CEIF 2027 exhibition will provide a platform for companies to showcase their technologies, equipment and services directly to energy operators, policymakers, investors and potential clients across Central Africa.

Exhibitors will have opportunities to demonstrate solutions, engage with local service providers and identify potential partnerships across drilling, engineering, infrastructure and energy technology. For companies seeking to enter or expand in the region, the exhibition offers a direct route to building commercial relationships, exploring procurement opportunities and positioning their services for upcoming projects.

Access New Projects and Financing Opportunities

Turning project opportunities into investments requires clarity on development priorities, infrastructure requirements and financing structures. CEIF’s discussions will give participants an opportunity to assess the projects shaping Congo’s energy sector and engage with potential commercial and institutional counterparts.

Investors, lenders and project developers can use these exchanges to identify areas where financing, technical expertise or new investment structures may help advance projects across oil and gas, power generation and downstream industries.

Organized by Energy Capital & Power in collaboration with the Ministry of Hydrocarbons, CEIF 2027 will enable candid dialogue, facilitating new investments and deals in the country’s energy sector. For more information, visit www.congoenergyinvestment.com.

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

 




 

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