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Chevron Advances Africa’s Energy Renaissance as a Diamond Sponsor of African Energy Week (AEW) 2023

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Chevron

Multinational integrated energy corporation Chevron has joined the African Energy Week 2023 conference as a diamond sponsor

JOHANNESBURG, South Africa, September 19, 2023/APO Group/ — 

As the role of Africa’s abundant resources assumes increasing global significance, exploration and production (E&P) activities are paramount to harnessing the continent’s potential. It is within this context that Chevron, a multinational energy corporation, reaffirms its commitment to Africa’s energy future by returning to the African Energy Week (AEW) conference as a Diamond Sponsor. This annual conference and exhibition, set to take place from October 16-20, 2023 in Cape Town, stands as Africa’s premier event for the energy sector and serves as the continent’s official meeting ground for key energy stakeholders.

The continued development of Africa’s energy sector remains a pivotal factor in driving the continent’s economic growth. Chevron, with its rich history spanning more than a century in Africa, plays a vital role in building on existing assets and exploring new opportunities across the continent. Today, Chevron ranks among the top petroleum producers in Nigeria and Angola. The company’s footprint extends to other African nations, including Benin, Cameroon, Egypt, Equatorial Guinea, Ghana, the Republic of Congo, and Togo.

In Nigeria, Chevron operates and has a 40% stake in eight concessions in the onshore and near-offshore Niger Delta regions through a joint venture with the Nigerian National Petroleum Corporation. The company also has interests in nine deepwater exploration and production blocks, with operational control of three. Notably, Chevron discovered the Agbami Field in 1998, a deepwater project connected to one of the world’s largest Floating Production, Storage, and Offloading vessels. Additionally, in 2020, Chevron launched an infill drilling program in the Niger Delta to boost production and counter field decline.

Chevron’s operations in Africa reflect its unwavering commitment to Africa’s energy sector

Continuing its expansion in Africa, the company recently announced its plans to commence its oil and natural gas exploration well in the Red Sea, offshore Egypt, during the first half of 2024. This undertaking accomplished its initial phase of activities, which included seismic surveys, geological studies, and geophysical data collection for the region, at an estimated expenditure of around $20 million. The company also signed a Memorandum of Understanding in February 2023 with Egypt’s government to reduce emissions, showcasing its commitment to environmental sustainability and collaborative efforts in mitigating climate change. Additionally, the company’s ongoing investments and commitment to research and exploration underscore its strategic partnership with Egypt and its ambition to position Egypt as a regional hub for energy exports.

In 2023, Chevron demonstrated its strong commitment to sustainable E&P activities by launching production at the Lifua-A project, an offshore field in Angola’s Block 0. Collaborating with the National Oil, Gas, and Biofuels Agency, Chevron’s phased approach includes the installation of a metallic platform, production wells, and injectors, aiming for an output of 6,500 barrels of oil per day. This endeavor showcases Chevron’s dedication to innovation and operational efficiency, effectively reducing waste and environmental impact. Notably, all equipment used in this project was locally manufactured in Angola, highlighting the company’s emphasis on cost-efficiency and sustainability. Block 0, where Chevron holds a 39.2% stake, remains a pivotal asset, with continuous efforts to improve energy production and sustainability practices.

Meanwhile, in Equatorial Guinea’s Block 1, Chevron maintains a 38% stake in the Aseng oilfield and the Yolanda natural gas field, and in Block O, holds a 45% interest in the Alen gas and condensate field. Chevron is also the operator of all three fields. Moreover, the company also operates in the Yoyo Block in Cameroon’s Douala Basin. Chevron’s commitment to Africa’s energy landscape extends to midstream development. The company maintains a substantial 36.7% interest in the West African Gas Pipeline Company Limited, which plays a pivotal role in supplying Nigerian natural gas to customers in Benin, Ghana, and Togo. This investment not only bolsters regional energy security but also contributes to economic growth and access to cleaner energy sources across West Africa. Chevron’s dedication to sustainable energy solutions remains at the forefront of its operations in the region.

“Chevron’s operations in Africa reflect its unwavering commitment to Africa’s energy sector. From Nigeria and Angola to Egypt and Equatorial Guinea, Chevron’s impact is undeniable. The company’s ongoing investments and collaborative efforts in emissions reduction initiatives demonstrate their proactive approach to environmental sustainability,” states NJ Ayuk, Executive Chairman of the African Energy Chamber (AEC).

Chevron’s return as a Diamond Sponsor at AEW 2023 reflects the company’s commitment to driving Africa’s energy renaissance. The company has long-represented a strong partner for many African countries, and as the continent accelerates the development and monetization of resources, Chevron will play a central part in facilitating this growth. 

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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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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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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