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China Bridge Energy Commits to Bringing Innovative Engineering, Procurement, and Construction (EPC) and Financing Solutions

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China Bridge Energy

Taking place November 4-8 in Cape Town, African Energy Week: Invest in African Energy serves as the premier deal-signing platform for African projects and international investors

CAPE TOWN, South Africa, September 12, 2024/APO Group/ — 

Maritime and energy firm China Bridge Energy is assessing project opportunities across Africa with a view to creating win-win collaborations and advancing the development of cost-effective oil and gas solutions. With experience in ship brokerage; financing and refinancing; ship building and conversion; and oil and gas projects, the company aims to use its Engineering, Procurement and Construction (EPC) and financing solutions to address energy challenges and drive long-term economic growth.

A delegation from China Bridge Energy is joining the African Energy Week (AEW): Invest in African Energy conference this November (4-8) to gain insight into African projects and partnership opportunities. With the aim of driving projects forward and fostering stronger commercial ties between Africa and China, the company is inviting African firms and energy stakeholders to engage during this year’s conference.

AEW: Invest in African Energy 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.

China Bridge Energy has a history of offering support for large-scale project developments in Africa. The company collaborated with the China Petroleum Technology and Development Corporation (CPTDC) to offer an EPC and financing package for the Coral South FLNG project in Mozambique. China Bridge Energy selected the Hudong-Zhonghua Shipyard and Black & Veatch as EPC partners while mobilizing a consortium comprising CPTDC, China Development Bank and Bank of China to offer a financing package to cover 90% of the project’s required funding.

China Bridge Energy represents a company that is focused on collaboration and unlocking real value across Africa’s oil and gas industry

In Cameroon, China Bridge Energy provided support for the Etinde Field Project, comprising 1.7 trillion cubic feet of proven gas reserves. The company partnered with CPTDC and China Petroleum Pipeline Engineering (CPP) for the EPC. Additionally, to help fund the early stages, China Bridge Energy provided a short-term loan of $50 million (10% of the total contract price) and also arranged for another $50 million investment through the CMB Group to support the bidding process.

Additionally, in 2021, China Bridge Energy worked on a gas project in Morocco that involved three key components: building a gas processing plant, laying down pipelines and drilling wells. The company constructed a 120-km pipeline that connects to an existing pipeline to supply gas to local power plants. The project included drilling five wells before the gas was ready for use and seven more afterward. China Bridge Energy organized CPP to handle the plant construction and pipeline work

One of China Bridge Energy’s Nigerian clients is planning to build a FLNG facility with a storage capacity of 200,000 m³. The total cost of this project is $1.8 billion. China Bridge Energy reached out to the Bank of China and secured a financing solution for the project. For the construction, the company chose international contractors JGC and Technip to handle the entire process. In Ghana, the company provided an initial service plan for the Ghana Petroleum Hub – estimated to cost $60 billion. The project includes building refineries, storage tanks, petrochemical plants, jetties, a port and other infrastructure. To support the project, China Bridge Energy is working closely with its partners to offer both EPC and financing solutions.

Leveraging this experience, China Bridge Energy is assessing new opportunities in Africa’s energy sector. The company’s services include EPC solutions, with strong ties to Chinese shipyards such as China Merchants, Wison Shipward, China Ocean Shipping Company and more ensuring the effective procurement and construction of relevant modules for EPC projects. China Bridge Energy’s own shipyard has extensive experience in developing LNG modules. In terms of other engineering solutions such as pipeline, tanks and more, the company leverages its partnerships with professional engineering companies such as China Harbor Engineering Company, China Petroleum Engineering & Construction Corporation and others to provide full service ECP solutions.

In the financing side, China Bridge Energy offers a range of support to get projects off the ground. The company utilizes financing from both domestic banks in China, including the Bank of China and Export-Import Bank of China, as well as international corporations to support development. Opportunities for equity investments in projects are also available, with flexibility at the core of capital-raising. The company not only offers to provide a high percentage of the project’s financing but up to 50% equity investment. The company works closely with a range of Chinese off-takers, covering crude oil, LNG, LPG, methanol and other oil and gas-related products.

“China Bridge Energy represents a company that is focused on collaboration and unlocking real value across Africa’s oil and gas industry. With a strong project portfolio and experience operating across the African market, the company is committed to engaging with African government, national oil companies and private sector firms to drive more investment into African energy projects. This is what Africa needs: a strong global partner that is focused on value, collaboration and finding innovative solutions to project development,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

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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