Connect with us
Anglostratits

Business

Ammat Global Resources Managing Director (MD) Joins African Energy Week (AEW) 2025 Amid Congolese Upstream Expansion

Published

on

Ammat Global Resources

Massimiliano Mignacca, Managing Director of independent hydrocarbon producer Ammat Global Resources, has joined the continent’s largest energy event – African Energy Week (AEW): Invest in African Energies 2025 – as a speaker. Taking place September 29 to October 3 in Cape Town, the event will showcase emerging investment opportunities across the continent’s most promising oil and gas markets. As a major upstream operator in the Republic of Congo, Ammat Global Resources is well-positioned to discuss strategic for unlocking the full potential of the country’s hydrocarbon market.

Focusing on optimizing oil and gas operations, Ammat Global Resources strives to boost oil production in the Republic of Congo. The company works closely with the country’s national oil company Société Nationale des Pétroles du Congo to scale-up exploration, in line with national goals of reaching 500,000 barrels per day (bpd) crude production in the coming years. At AEW: Invest in African Energies 2025, Mignacca is expected to share insights into strategies for increasing production in the Republic of Congo, as well as ongoing drilling campaigns and future investment priorities.

AEW: Invest in African Energies 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 country’s untapped exploration prospects continue to entice players, and companies such as Ammat Global Resources are making strides to unlock new discoveries in the country

Ammat Global Resources has been working towards optimizing operations at mature fields in the Republic of Congo. The company plans to kickstart a drilling campaign, designed to increase output by approximately 70% over the next five years. This builds on successful field optimization in recent months. Notably, in 2024, the company implemented a comprehensive development plan at the Loango and Zatchi fields, situated in the shallow waters of the country. The plan strives to improve the structural integrity of the asset platforms through maintenance and the replacement of key components. Since its implementation, Ammat Global Resources has seen a 75% increase in production capacity at the fields, with output rising from 4,000 bpd to 7,000 bpd.

At the Loango offshore field, the company revitalized three platforms in 2024. Operations at the field started in 2023, and since then, the company has launched a program to modernize the sea pipeline linking the field’s treatment platform to peripheral platforms. An environmental risk mitigation program – undertaken in partnership with other operators – is also being implemented at the field, as well as a campaign to replace outdated pumps and reactivate wells. The company also plans to revamp two additional platforms at the Zatchi field. Ammat Global Resources secured exploration and production permits for both fields in 2023.

Africa’s energy sector is rapidly changing, and companies like Ammat Global Resources stand to dominate marginal field production with potential new investments in Angola, Gabon, Libya, Nigeria, Algeria, the Republic of Congo and others. While the company represents a relatively new upstream player, Ammat Global Resources has already played an instrumental part in supporting the Republic of Congo’s production goals. The company’s approach includes revitalizing existing assets by enhancing platform integrity and operational efficiency.

Looking ahead, the company’s upcoming drilling campaign and field optimization is expected to unlock greater value from the country’s offshore assets. The company is increasing its production with low carbon solutions. Its new drilling campaigns and expansion is a significant milestone in our mission to make energy poverty history by supporting the Republic of Congo through sustainable growth and long-term value creation. Ammat Global Resources has a company strategy that respects the unique rights of local communities and continues to make great strides toward learning, developing relationships based on trust, and sharing benefits from its oil operations. As such, the company stands to be significant player in the near future. Insights shared at AEW: Invest in African Energies 2025 will provide a snapshot of the opportunities available in the Republic of Congo.

“While a major oil producer, the Republic of Congo still offers significant growth opportunities for oil and gas operators. The country’s untapped exploration prospects continue to entice players, and companies such as Ammat Global Resources are making strides to unlock new discoveries in the country. With greater investment in exploration and production, the Republic of Congo stands to accelerate output and support regional fuel security,” states NJ Ayuk, Executive Chairman, African Energy Chamber.

Distributed by APO Group on behalf of African Energy Chamber

Home  Facebook

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

Published

on

Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

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

Continue Reading

Business

Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

Published

on

IsDBI

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

Continue Reading

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

Trending