Connect with us

Business

Cameroon Advances Gas-to-Industry Agenda with First Delivery from Bipaga Processing Center

Published

on

Bipaga

The milestone affirms the critical role natural gas plays in Africa

YAOUNDÉ, Cameroon, July 16, 2024/APO Group/ — 

The Bipaga Gas Processing Center in Cameroon has transported its first gas cargo to the Keda Ceramics manufacturing plant via a 6 km-long pipeline constructed by national oil company Société Nationale des Hydrocarbures (SNH) and independent hydrocarbon producer Perenco. Keda Ceramics – the largest ceramics facility in the region – will utilize the gas to power factory generators and kilns, enabling the production of approximately 20 million m² of ceramic tiles once the facility is fully commissioned.

The African Energy Chamber (AEC) – serving as the voice of the African energy sector – celebrates the milestone achieved by Perenco and the government of Cameroon. Representing the first gas-to-industry project spearheaded by Perenco in Central Africa, the delivery showcases the critical role natural gas plays in driving industrialization across the region. The project is a testament to how gas can be produced and monetized in a way that supports domestic manufacturing and job creation and is the start of a new era of growth for the Cameroonian economy.

Cameroon is setting a trend for other resource-rich nations in Africa that are seeking innovative solutions to advance industrialization

Cameroon aims to become a manufacturing hub, driving industrialization through the development of natural gas projects. The country’s Industrialization Master Plan – adopted in 2016 – outlines a strategy to position the country as a regional electricity provider; a supplier of agro-industrial produce; and a top equipment manufacturer. The Keda Ceramics project falls under this plan. Once fully commissioned the factory will utilize up to six million cubic feet of gas per day to power its operations, creating 2,000 direct and indirect jobs in the Kribi region. Gas will be supplied under a 20-year agreement signed in September 2022 with Perenco and SNH.

The project represents just one of the many underway that aim to bolster gas monetization in Cameroon. On the LNG front, Cameroon aims to increase production from the existing 1.6 million tons per annum (mtpa) to five mtpa by 2026. The country represented the first in the world to convert an LNG carrier into an FLNG vessel, with the Hilli Episeyo FLNG facility – developed by LNG manufacturer Golar LNG, Perenco and SNH – celebrating its 100th cargo delivery in 2023. The project partners are currently in discussions to re-contract the FLNG vessel beyond the end of its existing contract period (July 2026).

Beyond LNG production, Cameroon plans to increase LPG for clean cooking use to 58% by 2035 and is inviting investment in midstream and downstream infrastructure. SNH currently operates a domestic gas depot in Bipaga, representing the country’s sole supplier of locally-produced LPG. The country’s LPG Masterplan – launched in 2016 – envisages 400 million euros in financing to fund an additional seven million LPG cylinders in the country while strengthening importation, storage, transportation and retail infrastructure. In the power sector, natural gas projects aim to bolster electrification and economic growth. The Kribi Gas-Fired Power Plant – operational since 2013 – has a capacity of 341.3 MW and is located in southern Cameroon. The project utilizes gas from the Sagana South offshore gas field and provides the region will clean power.

Meanwhile, Cameroon is seeking new investment in exploration as well as alternative pathways to monetize stranded reserves. Independent oil and gas company Tower Resources extended the first exploration period of the Thali PSC in the Rio del Rey basin in January 2024. The contract calls for the drilling of one exploration well. Estimated to contain up to four distinct play systems, the Thali prospect offers the potential for additional discoveries. Additionally, in June 2023, Perenco signed a new 20-year PSC with SNH for the continued development of the Rio del Rey Basin. The basin has approximately 1.2 billion barrels of undeveloped reserves. Further exploration across the market will not only increase national oil and gas production but support industrialization efforts across the country.

“Cameroon is setting a trend for other resource-rich nations in Africa that are seeking innovative solutions to advance industrialization. By directing investment towards gas processing and distribution while promoting new exploration to sustain supplies, the country is fast-tracking the development of multiple industries country-wide. Gas is a fuel for industrialization in Africa and Cameroon is a testament to this,” states NJ Ayuk, Executive Chairman of the AEC.

Distributed by APO Group on behalf of African Energy Chamber.

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

Business

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

Published

on

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.

Continue Reading

Business

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

Published

on

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.

Continue Reading

Trending

Exit mobile version