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Championing Sustainable Growth in Africa’s Marginal Fields: Afentra Joins African Energy Chamber (AEW) 2023 as a Bronze Sponsor

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Afentra

The African Energy Chamber welcomes Afentra as a bronze sponsor of this year’s African Energy Week conference, where the firm will showcase efforts to spearhead the sustainable development of the continent’s marginal fields

JOHANNESBURG, South Africa, September 12, 2023/APO Group/ — 

Africa’s oil and gas resources assume a pivotal role in the energy transition, contributing to energy security and revenue generation while fostering opportunities for cleaner energy adoption and sustainability. In this scenario, collaboration with dedicated sustainable energy champions like Afentra, a UK-based independent oil and gas company, becomes imperative for nurturing a responsible transition.

In this regard, Africa’s premier event for the energy sector, African Energy Week (AEW) – taking place from 16–20 October in Cape Town –, is proud to welcome Afentra as a bronze sponsor. At the event, Afentra representatives, including Ian Cloke, the company’s COO, will actively engage in high-level panel discussions, demonstrating the firm’s commitment to advancing the energy transition in Africa. Afentra recognizes the strategic importance of developing Africa’s oil and gas resources in a sustainable approach, and will drive such discussions at this year’s conference in Cape Town.

The global transition towards low-carbon energy sources has amplified the role of companies like Afentra in contributing value to African economies

Despite global pressures to transition away from oil and gas, African resource-rich countries are prioritizing the development of oil and gas under efforts to scale up sustainable development and energy security. Africa has an estimated 125.3 billion barrels of proven crude oil and 620 trillion cubic feet of proven gas reserves: resources which are poised to provide affordable and resilient energy to the over 600 million people currently grappling with energy poverty. Afentra has firmly established itself as a reliable partner in this endeavor, and is dedicated to enhancing the exploration, development and production of African resources.

Afentra has a vision to become a trusted partner for both international oil companies and host governments, managing acquired assets responsibly and turning them profitable. The company leverages technology to strategically unleash full asset potential while reducing carbon emissions, thereby positioning oil and gas at the forefront of the energy transition. The company collaborates closely with African National Oil Companies (NOCs) while forging partnerships with global stakeholders to increase investment in African oil and gas.

Afentra is actively involved in several projects in Angola and Somaliland. In Angola, the company’s portfolio comprises a 4% non-operated interest in the long-life, offshore production Block 3/05 and an up to 5.33% interest in the adjacent Block 3/05A – offering additional development potential. An $80 million agreement with NOC Sonangol for Block 3/05 and 23 in May 2023 and a $12 million deal with INA in Block 3/05 and 3/05A marked the company’s entry into the Angolan market. Afentra also has a 34% non-operated (carried) interest in the Odewayne Block, onshore Somaliland. Going forward, Afentra remains committed to developing mid-life producing assets that are no longer aligned with global energy major strategies, thereby supporting ongoing production efforts in the age of divestment.

As a Bronze Sponsor at AEW 2023, Afentra will have access to the event’s exclusive networking sessions, providing an opportunity for the company’s representatives to engage with African energy policymakers and influential industry stakeholders. During these sessions, Afentra will highlight its strategic growth initiatives in Africa and explore potential deals to exploit investment and partnership opportunities within the African energy landscape.

“The global transition towards low-carbon energy sources has amplified the role of companies like Afentra in contributing value to African economies. Given a substantial portion of the African population lacks access to modern and affordable energy, Afentra plays a pivotal role in enhancing resource utilization to ensure long-term energy security. In Africa’s journey towards renewable energy, hydrocarbons will act as a catalyst, and Afentra has emerged as a key enabler in facilitating this transition,” stated NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC).

Distributed by APO Group on behalf of African Energy Chamber.

Business

SLB commissions new fluids systems plant in Pemba to support Mozambique’s offshore energy development

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Mozambique

New facility expands in-country drilling and completion fluids capability, advancing the next phase of SLB’s growth in Mozambique

PEMBA, Mozambique, October 9, 2026/APO Group/ –SLB (NYSE: SLB) (www.SLB.com) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s offshore activity grows and its role as a strategic energy hub for East Africa continues to expand.

The commissioning of the plant, also known as a liquid mud plant, coincides with SLB marking 70 years of operations in Mozambique. It reflects the company’s long-term commitment to investing in people, infrastructure and capability that support the country’s long-term offshore energy development plans.

 




  

With an initial storage capacity of 21,000 barrels, the liquid mud plant provides a scalable platform for future growth, supporting multiple customers and rising offshore activity while improving logistics and enhancing operational flexibility.

As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions

“As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions,” said Miguel Baptista, Central, East and Southern Africa, Managing Director, SLB. The new liquid mud plant strengthens local energy infrastructure, expands opportunities for local content development, and enhances our ability to support customers as they deliver some of Africa’s most significant offshore energy resources.”

The liquid mud plant project was delivered with strong local participation and that momentum is expected to continue into operations. During project delivery, more than 100 jobs were created in Pemba with nationals representing 80% of the workforce, reflecting a focus on building local capability.

The project was delivered with a strong focus on safety, operational integrity, and quality, achieving more than 67,000 hours worked without a recordable safety incident.

This key infrastructure strengthens SLB’s ability to support consistent service quality and enhance supply chain readiness for increasing offshore activity across Mozambique, supporting customers execute safely and efficiently while developing local skills and expertise.

Key Points:

  • SLB has commissioned a new fluids system plant in Pemba, expanding in-country drilling and completion fluids capability for offshore operations.
  • With an initial storage capacity of 21,000 barrels, the facility provides a scalable platform to support growing offshore activity in Mozambique.
  • The investment marks the next phase of SLB’s growth in Mozambique, strengthening local capability and supporting long-term offshore energy development.

Distributed by APO Group on behalf of SLB.

 

 




 

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South African Energy Storage Association (SAESA) welcomes 4,600 MW battery storage prioritisation and calls for integrated energy planning

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Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply

JOHANNESBURG, South Africa, October 9, 2026/APO Group/ –The South African Energy Storage Association (SAESA) (www.SAESA.org.za) welcomes the prioritisation of 4,600 MW of battery energy storage under the first Integrated Resource Plan (IRP) 2025 Section 34 determination.

 




  

The timing is significant. Recent Integrated Energy Plan (IEP) modelling and assumptions discussions highlighted a fundamental shift that South Africa’s energy planning now needs to capture: we cannot plan the future power system by counting megawatts of generation alone.

We must plan for when energy is available, where it is available, how it moves through a constrained grid and how it is stored and dispatched when the system needs it most.

The announcement reinforces that shift. Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply.

For SAESA, the message for the IEP is clear: storage, flexibility and system services must be modelled as integral components of South Africa’s future electricity architecture, with their contribution considered from the outset of generation planning.

“The IEP must plan the power system we are becoming, not simply model the power system we have inherited,” says SAESA.

The IEP must plan the power system we are becoming, not simply model the power system we have inherited

Partnership with C&I Energy + Storage Summit

SAESA is an association partner of the C&I Energy + Storage Summit, created by VUKA Group, taking place on 28–29 October 2026 at The Maslow Hotel, Sandton, Johannesburg.

The summit brings together commercial and industrial energy users, project developers, financiers, regulators and solution providers to explore practical approaches to energy security, procurement and storage deployment.

For businesses assessing how storage can support their operations, the event offers an opportunity to meet SAESA and engage with the wider energy community on the decisions shaping South Africa’s evolving electricity system.

Commercial and industrial energy decision-makers are invited to apply to attend as hosted buyers. Qualifying buyers receive complimentary summit access and curated opportunities to engage with industry partners.

 

Meet SAESA at C&I Energy + Storage Summit: Join the Hosted Buyer Programme

The Hosted Buyer Programme connects commercial and industrial energy decision-makers with solution providers shaping South Africa’s evolving private energy market.

Qualified energy buyers receive complimentary access to the summit and curated engagement with industry partners exploring energy procurement, storage deployment and project development.

Apply for the Hosted Buyer Programme (https://apo-opa.co/4ehLijJ)

Distributed by APO Group on behalf of VUKA Group.

 




 

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Afreximbank welcomes launch of Africa Credit Rating Agency as an important step in strengthening Africa’s financial architecture

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Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets

PORT LOUIS, Mauritius, October 8, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes today’s launch of the Africa Credit Rating Agency (AfCRA), an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible, independent analysis of African credit risk.

 




 
 

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses can finance development. It is therefore essential that assessments of African credit risk are independent, rigorous and evidence-based, while reflecting a complete understanding of the structures, institutions and economic realities being assessed.

The establishment of AfCRA adds an important African-led source of credit opinion to the market. Its value will not be measured by whether it produces more favourable ratings, but by the credibility of its analysis, the quality of its data and transparency of its methodology, and its ability to deepen understanding of African sovereigns, sub-sovereigns and corporate credit.

This is particularly important given that many African issuers remain unrated, while local-currency and sub-sovereign markets continue to have limited rating coverage. Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets.

AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans

Alongside fellow members of the Alliance of African Multilateral Financial Institutions (AAMFI), Afreximbank has consistently maintained that African Multilateral Financial Institutions should be assessed on the basis of their fundamentals, performance, legal frameworks, mandates and operating models. Ensuring that these institutional characteristics are properly understood is essential to achieving informed, balanced and credible assessments of African risk.

Commenting on the uniqueness of the African market, and need for AfCRA’s rating methodology to reflect this, Mr Denys Denya, Senior Executive Vice President, Afreximbank, said: “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere — it must build a unique identity that conforms to an ‘African best practice.”

Highlighting the need for the autonomy of the Africa Credit Rating agency as it takes off, Mr Denya added: “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix.”

AfCRA should therefore be seen as complementary to existing international and regional rating agencies, broadening the range of credible analysis available to investors and issuers while strengthening competition, transparency and analytical capacity within Africa’s credit markets.

As Africa seeks to mobilise the scale of capital required for industrialisation, trade, infrastructure and economic transformation, credible African institutions that improve information, strengthen market confidence and deepen the continent’s financial markets will become increasingly important.

Afreximbank congratulates the African Union, the African Peer Review Mechanism (APRM) and all those involved in bringing AfCRA from concept to launch, and looks forward to the contribution the Agency will make to deeper, more transparent and more efficient African capital markets.

Distributed by APO Group on behalf of Afreximbank.

 




 

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