Connect with us
Anglostratits

Energy

Caribbean Doubles Down on Oil Push as Leaders Back Balanced Energy Strategy

Published

on

Caribbean

With major discoveries reshaping the Guyana-Suriname basin, Caribbean leaders say drilling and investment are key to long-term energy growth as Caribbean Energy Week opens in Paramaribo

PARAMARIBO, Suriname, April 2, 2026/APO Group/ –Caribbean leaders are accelerating oil and gas development even as they advance renewable energy initiatives, arguing that rising global demand requires a pragmatic, dual-track approach.

 

At the opening of Caribbean Energy Week in Paramaribo on Tuesday, ministers and regional officials highlighted the need to convert discoveries into production while attracting investment, building local capacity and fostering regional cooperation – positioning the Caribbean as one of the world’s fastest-growing hydrocarbon frontiers.

 

“The world’s energy transition is being outpaced by the growth in total energy demand. There’s a role for both fossil fuels and renewables in meeting global energy demand,” said Trinidad and Tobago Energy Minister Ernesto Kesar. “The reality is that the region’s reliance on oil and gas will persist for the foreseeable future.”

 

Exploration Push Gains Momentum

 

With major discoveries in Guyana – where Stabroek Block output now tops 900,000 barrels per day – and Suriname’s flagship GranMorgu project, exploration will be crucial to sustaining growth as companies expand beyond initial developments to build a long-term production base.

 

“Suriname, Guyana, Trinidad, soon Grenada and Jamaica – you’re going to have to drill. It’s not a bad word,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “I urge you to be unapologetic when it comes to drilling.”

 

Ayuk linked the push for energy expansion to broader energy security concerns. “The crisis going on today in the Middle East reminds us why energy is important, and why energy security is more important today than ever.”

 

Suriname Moves to Unlock Investment

 

Host nation Suriname is emerging as a focal point, with the government moving to accelerate project development and attract capital ahead of first production.

 

“Our discoveries have placed us on the global energy map. The world’s leading energy companies are here, and investing in a promising future,” said Foreign Affairs Minister Melvin Bouva.

The real success of the energy sector will not be measured in barrels, but in businesses created, skills developed and partnerships built

 

Bouva announced that the government is advancing two new investment frameworks to improve investor certainty and streamline project development. A working group has already finalized the concepts and is preparing them for presentation. “The message is clear: Suriname is open for partnerships, for innovation and for business.”

 

Oil and Gas Minister Patrick Brunings confirmed that timelines for first production remain on track. “We will have our first oil in 2028 and by 2030, our first gas – with our second oil development expected a few years after that,” he said. “This is the time to strike the right partnerships. A lot of attention is on Suriname.”

 

Transition Without Sacrificing Growth

 

While governments support decarbonization, high costs and slow renewable deployment are ensuring oil and gas remain a core pillar of the Caribbean’s energy strategy. Kesar said transition strategies must be realistic, balancing decarbonization goals with immediate energy and economic needs.

 

“Energy transition means mapping the way to diversify our energy platform – it doesn’t necessarily mean exchanging one for the other,” said CARICOM Secretary General Dr. Carla Barnett.

 

She noted that the Caribbean’s mix of hydrocarbons, renewables and emerging carbon markets presents opportunities for investment and collaboration, particularly as global capital looks for new energy plays.

 

From Barrels to Broader Economic Impact

 

Beyond production targets, policymakers emphasized that long-term success will depend on translating oil revenues into wider economic development.

 

“The real success of the energy sector will not be measured in barrels, but in businesses created, skills developed and partnerships built,” Bouva said.

 

Local content and workforce development were recurring themes, with governments pushing for stronger private sector participation and clearer regulatory frameworks. “We need to find out what is needed in terms of a skilled workforce and goods and services,” Brunings stated.

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

Energy

African Mining Week to Connect Investors with New Prospects as Global Gold Demand Skyrockets

Published

on

Energy Capital

African Mining Week 2026 will highlight emerging and lucrative investment opportunities for global investors as gold demand rises and prices hit record highs

CAPE TOWN, South Africa, April 23, 2026/APO Group/ –As global gold prices continue to reach record levels and demand surging, the upcoming African Mining Week Conference – The Most Influential Mining Conference in Africa – taking place on October 14–16 in Cape Town will connect global investors with investment opportunities across Africa’s burgeoning gold value chain. The event will host the Gold Forum, bringing together private and public sector stakeholders from Africa’s leading gold-producing countries alongside international investors to discuss the future of gold mining, trading and value addition.

With reduced reliance on the U.S. dollar and rising central bank purchases expected to keep gold demand elevated, prices are projected to remain above $5,000 per ounce through 2026. In response, African producers are accelerating project development to capitalize on these market trends and drive GDP growth. Central banks alone are forecasted to acquire around 755 tons of gold.

Ghana – Africa’s largest gold producer – aims to increase output to 6.5 million ounces from six million in 2025, through the acceleration of projects such as the Cardinal Namdini, Ahafo North, Black Volta and Bibiani mines, alongside artisanal and small-scale gold mining (ASGM) operations.

Similarly, Mali, Africa’s second-largest gold producer, seeks to increase production beyond the current 60 tons per year. Recent license renewals and grants – including Toubani Resources’ Kobada Mine, Barrick Mining’s Loulo-Gounkoto Mine, B2Gold’s Fekola Mine expansion, Compass Gold’s Massala Mine and Roscan Gold’s exploration permits – reflect a commitment to collaborate with global investors to unlock its gold potential.

The Democratic Republic of Congo (DRC) also aims to increase gold exports to 15–18 metric tons in 2026. Meanwhile, several projects across the continent have also reached final investment decisions, highlighting Africa’s focus on expanding gold production. Against this backdrop, the Gold Forum at AMW will serve as a key venue for connecting investors with upstream investment opportunities across the continent.

The Forum will also spotlight efforts to enhance local beneficiation to maximize the value of Africa’s gold resources. These include the DRC’s partnership with Lunga Mining to launch a pilot gold refinery in Kalemie. Ghana’s Gold Coast also partnered with South Africa’s Rand Refinery to enhance local gold processing in Ghana. Egypt is collaborating with the African Export-Import Bank to finance and develop an integrated gold value chain in the country while Mali is developing a refinery in partnership with Russian investors. Amidst this rapid expansion of Africa’s downstream infrastructure, AMW will provide a platform to discuss best strategies for unlocking investment to support the continent’s local beneficiation agenda.

In addition, African gold producers are increasingly implementing programs to formalize and empower ASGM operations, contributing to sector stability and growth. For instance, Ghana is leveraging its newly established Ghana Gold Board to support ASGM formalization. Meanwhile, the DRC is leveraging its ASGM Empowerment AXIS Program – a blockchain-based gold tokenization project – and the Goldconnect program – designed to formalize, secure and digitize artisanal gold mining. Coming into this picture, the AMW Gold Forum will connect investors with opportunities arising from Africa’s ASGM formalization initiatives.

AMW serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2026 conference from October 12-16 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

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

Continue Reading

Energy

African Mining Week (AMW) to Highlight Artificial Intelligence (AI) and Advanced Tech Driving Africa’s $8.5T Mining Transformation

Published

on

Energy Capital

African Mining Week 2026 will have a strong focus on the use of AI to optimize mining sector opportunities and to address the industry challenges

CAPE TOWN, South Africa, April 23, 2026/APO Group/ –As African nations increasingly adopt advanced technologies and AI to optimize operations across the mining value chain, the upcoming African Mining Week (AMW) – The Most Influential Mining Conference in Africa, scheduled for October 14–16 in Cape Town – will bring together technology providers, investors, project developers and regulators to explore the digital transformation of the sector.

 

The event will feature a dedicated panel titled Leveraging Advanced Technologies & AI to Transform Mining Practices for Sustainable Growth, highlighting the use, challenges and investment opportunities of AI within Africa’s growing mining industry.

In the Democratic Republic of Congo (DRC), AI is rapidly reshaping exploration. Speaking at AMW 2025, Louis Watum Kabamba, the DRC’s Minister of Mines, said AI-enabled exploration has the potential to reduce resource discovery timelines to under three years. He emphasized the DRC’s efforts to leverage AI to unlock 90% of its geology and over $24 trillion in untapped minerals. In February 2026, the country partnered with Xcalibur Smart Mapping to employ advanced geospatial solutions for mapping critical minerals and mitigating exploration risks. The DRC is also collaborating with U.S.-based startup KoBold Metals to apply AI-driven techniques at the Mingomba Lithium Mine, enhancing lithium development.

Similarly, Burundi has partnered with KoBold Metals and Lifezone Metals to digitize its geological database and assess the 140-million-ton Musongati Nickel Project. In Zambia, KoBold Metals is applying AI at the Mingomba Copper Project to identify high-grade deposits and accelerate production, supporting a national strategy to increase output to three million tons by 2031.

Meanwhile, the Ghana Gold Board and the Ghana Geological Survey Authority are implementing AI-supported mineral prospectivity modeling to evaluate mineralization in Funsi, Atuna and Bensere East, supporting the country’s agenda to expand gold reserves and production.

Botswana is leveraging AI to diversify its mining sector beyond diamonds. Botswana Minerals has identified eight new copper deposits through AI-powered exploration, accelerating the country’s push into critical minerals.

As African nations launch new exploration projects to unlock the region’s $8.5 trillion in untapped mineral resources, AI and advanced technologies are expected to be central to their strategies. The AMW panel will provide a platform to discuss how AI can de-risk exploration, optimize operational efficiency and enable sustainable, value-added development across the continent’s mining sector. The event will unpack best AI practices to help Africa capitalize on its 30% share of global critical minerals, with demand projected to triple by 2030.

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

Continue Reading

Energy

African Energy Chamber (AEC) Commends Nigerian Government for Swift Action to Safeguard Indigenous Energy Investment

Published

on

African Energy Chamber

Nigeria’s swift regulatory response in the Dawes Island dispute underscores renewed commitment to investor protection, production stability and a predictable upstream investment climate

LAGOS, Nigeria, April 23, 2026/APO Group/ –The African Energy Chamber (AEC) (www.EnergyChamber.org) commends the Nigerian Federal Government for its decisive and timely intervention in the Dawes Island marginal field dispute, reinforcing the country’s commitment to protecting indigenous investment and sustaining momentum in oil and gas production growth.

 

Following the recent Federal High Court ruling concerning the Dawes Island field, the Office of the Attorney General has moved swiftly to coordinate a response, directing the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to initiate an appeal. The NUPRC has since formally filed an application for leave to appeal, signaling a clear and unified government effort to uphold regulatory integrity and ensure continuity for operators delivering tangible results.

This proactive intervention sends a strong message to both domestic and international stakeholders: Nigeria remains committed to fostering a stable and predictable investment climate where performance, capital deployment and production are recognized and protected.

At the center of the dispute is Petralon 54 Limited, the Nigerian-owned operator of the Dawes Island oil block, which assumed operatorship in2021 following a marginal bid process. Since then, the company has invested approximately $60 million to rehabilitate infrastructure, drill multiple wells and bring the field into production – an achievement that stands out within Nigeria’s marginal field landscape.

Within a short timeframe, Petralon successfully drilled two wells –  DI-2 to 9,740 ft and DI-3 to 10,193 ft – evacuating over 200,000 barrels of crude to the Bonny Terminal and remitting excess of $900,000 in royalties to the Federal Government by March 2026. These results underscore the importance of ensuring that operators who deliver on their commitments are supported through consistent and transparent regulatory processes.

This intervention reinforces Nigeria’s position as a serious and responsive energy investment destination

“The Nigerian government’s swift action demonstrates a clear understanding of what is at stake,” said NJ Ayuk, Executive Chairman of the AEC. “Protecting investors who deploy capital, create value and contribute to national production is essential to maintaining confidence in the sector. This intervention reinforces Nigeria’s position as a serious and responsive energy investment destination.”

The development comes at a pivotal moment for Nigeria’s energy sector. Under the leadership of President Bola Tinubu, the country has seen renewed investor interest, with over $8 billion in upstream investment commitments recorded since 2023. Major projects, including Shell’s $2 billion final investment decision on the HI offshore gas project, TotalEnergies’ Ubeta development and Shell’s Bonga North deepwater project, highlight the scale of capital being mobilized.

Additional financing, such as Chevron’s $1.4 billion for deep and shallow water infill drilling, further reflects growing confidence in Nigeria’s regulatory and investment framework. Meanwhile, discussions around large-scale opportunities like the proposed Bonga South West development – potentially worth up to $20 billion – underscore the country’s long-term growth potential.

Indigenous companies remain central to this trajectory, now accounting for approximately 30% of Nigeria’s oil and gas production. Their role in driving output, creating jobs and strengthening local capacity continues to expand, making policy consistency and investment protection more critical than ever.

In parallel, downstream advancements such as Aliko Dangote’s 650,000-barrel-per-day refinery in Lagos are enhancing regional energy security, with increased exports of refined products helping to stabilize supply across African markets.

The AEC emphasizes that the government’s coordinated response to the Dawes Island case reflects a broader commitment to ensuring that Nigeria’s “drill or drop” policy is upheld – rewarding operators that actively develop assets while maintaining accountability across the sector.

The Chamber encourages all parties to support a swift and constructive resolution to the case, ensuring that ongoing operations are not disrupted and that Nigeria’s energy sector continues on its path toward increased output, energy security and economic resilience.

Distributed by APO Group on behalf of African Energy Chamber.

Continue Reading

Trending