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Algerian Gas Entices Foreign Investors as Minister Arkab Joins African Energy Week (AEW): Invest in African Energy

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Algerian Gas

Taking place on November 4-8, African Energy Week fuels investments in the continent’s energy sector, catalyzing economic growth and opportunities for exporting countries such as Algeria

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JOHANNESBURG, South Africa, March 6, 2024/APO Group/ — 

Algeria’s Minister of Energy and Mines Mohamed Arkab will speak at the African Energy Week (AEW): Invest in African Energy 2024 conference – taking place November 4–8 in Cape Town. As the country moves to attract new investment in oil and gas, the minister will shed light on upcoming opportunities in exploration, production and infrastructure development.

Algeria stands as a compelling investment destination in the energy sector, backed by its substantial reserves and production capabilities. With proven oil reserves of 12.2 billion barrels and a daily production capacity of 970,000 barrels, the country ranks as the third-largest oil producer in Africa. Furthermore, Algeria holds a formidable position in the global natural gas market, boasting 159 trillion cubic feet of proven natural gas reserves, positioning it as the tenth-largest globally. Aligned with the country’s status as an investment hotspot, AEW 2024 will provide an opportunity to spotlight the country’s substantial reserves and production capabilities as investors turn towards the lucrative market.

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.

Highlighting the Ministry’s proactive approach to partnerships, Minister Arkab engaged in negotiations with U.S. multinational ExxonMobil in January 2024 to explore joint ventures in oil and gas exploration and production. An impending deal is expected to be announced soon. As the nation seeks to leverage its oil and gas resources, such partnerships are key in its efforts to enhance its oil and gas output and expand its LNG and pipeline exports through new exploration drilling initiatives.

Algeria plays a crucial role in Africa’s energy development through its strategic partnerships with international energy companies

In addition to international partnerships, Algeria has strengthened its energy ties with Turkey, extending a gas supply contract to ensure the purchase of 4.4 billion cubic meters (bcm) of LNG annually until 2027. This extension, formalized during the Turkish President’s official visit to Algeria, underscores a commitment to energy cooperation between the two nations. The North African nation is also a key supplier of gas to European markets such as Italy, France and Spain. Algeria exported 22.4 bcm of gas to Italy in 2022, up from 20 bcm in 2021, as Italy became its largest gas importer due to long-term contracts via the Trans-Mediterranean Pipeline. Similarly, Spain’s reliance on Algerian gas surged to 24% of its total supplies in 2022. Utilizing the Medgaz Pipeline, Algeria provides approximately 9% of France’s overall gas consumption.

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Demonstrating its commitment to the Organization of the Petroleum Exporting Countries (OPEC), Algeria’s Ministry recently announced its compliance to the extension of the additional voluntary reduction by 51,000 bpd until the end of June. This decision, made in coordination with select OPEC+ member countries, aims to maintain Algeria’s oil production at 908,000 bpd, contributing to global efforts to stabilize oil prices and ensure market balance.

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Moreover, Algeria’s mining sector presents attractive investment opportunities, with significant projects like the Djebilet iron ore mine development underway. The government’s commitment to revitalizing the industry is evident through plans to allocate between $7 billion and $10 billion for the Djebilet project, with opportunities open for Western firms seeking rare metal investment opportunities.

“Algeria plays a crucial role in Africa’s energy development through its strategic partnerships with international energy companies and its initiatives to expand exports via LNG and pipeline projects. Its commitment to enhancing the mining sector to diversify its economy further solidifies its importance in Africa’s economic landscape,” says NJ Ayuk, Executive Chairman of the African Energy Chamber.

During the upcoming AEW: Invest in African Energy 2024 conference, the Minister is expected to highlight further initiatives aimed at developing Algeria’s energy infrastructure. Algeria is committed to attracting additional investment through the promotion of new exploration and production projects, forging strategic partnerships with international and domestic energy companies, and showcasing Algeria’s potential as a lucrative investment destination in the energy sector. To find out more about how you can participate at AEW: Invest in African Energy, please visit www.AECWeek.com.

Distributed by APO Group on behalf of African Energy Chamber.

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

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Etu Energias

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.

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

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Energy

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.

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