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Designing Competitive Tenders for Africa’s Upstream Markets

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African Energy

The Invest in African Energy 2025 Forum in Paris will showcase up to seven licensing rounds on the continent and unlock new strategies to compete for global exploration capital

PARIS, France, September 3, 2024/APO Group/ — 

Africa’s upstream sector is not short on opportunity, with oil and gas tenders being launched for onshore, deepwater, greenfield and brownfield acreage in Angola, Nigeria, Mozambique, Kenya, Tanzania and Liberia, among other markets. Yet for African countries to better compete for global exploration capital, their respective licensing processes, frameworks and terms must encourage new investment. Featuring up to seven African licensing rounds, the Invest in African Energy (IAE) 2025 Forum in Paris will explore strategies for designing more competitive oil and gas tenders on the continent, as well as highlight the markets that have already implemented successful upstream reforms.

Creating Stable Regulatory Frameworks

The establishment of transparent and stable regulatory frameworks is crucial for attracting upstream investors, who are more likely to commit capital when they have clarity on the legal and regulatory environment. This includes ensuring that laws governing oil and gas exploration, production and taxation are well-defined and consistently applied, as well as establishing independent regulatory bodies that can enforce regulations impartially. Angola (https://apo-opa.co/4dJwg4j) – which will launch a 10-block limited public tender in 2025 – has been recognized for both. Its Petroleum Activities Law provides investors with a clear understanding of their obligations and rights, while its National Agency of Oil, Gas & Biofuels independently oversees the award of licenses and has gained the trust of upstream investors.

Following overwhelming interest in its prolific offshore Orange Basin, Namibia (https://apo-opa.co/3Z7sblO) adopted a more streamlined licensing system at the start of this year, restricting open-door negotiation to a two-month period to eliminate bottlenecks and accelerate the evaluation of bids. Similarly, Liberia (https://apo-opa.co/4dDMnQJ) opened a direct negotiation licensing round earlier this month, featuring 29 offshore blocks in the Liberia and Harper basins and supported by over 26,000 km² of 3D data. The upcoming forum will explore licensing opportunities in both countries and their commitment to a stable and favorable investment environment.  

Ensuring Transparent Bidding Processes

To enhance the attractiveness of oil and gas tenders, bidding processes must be competitive and transparent. A well-structured, open bidding process can build investor confidence and encourage participation from a broad range of companies, allowing them to compete on equal terms. Nigeria’s Marginal Fields Bid Round in 2020 was one of the most transparent in the country’s history, attracting a diverse range of bidders, with over 600 companies (https://apo-opa.co/4ebAHVn) registering to participate and licenses awarded to Nigerian companies including Matrix Energy, SunTrust Oil, Shoreline Natural Resources, Seplat Petroleum Development Company and Green Energy International. As the country launched its latest bidding round in April 2024 – placing 36 blocks on offer across the onshore Niger Delta, Continental Shelf and deep offshore for a period of nine months – the Nigerian Upstream Petroleum Regulatory Commission has promised transparent evaluation processes and competitive entry fees, specifically inviting the participation of indigenous companies with sufficient technical expertise and financial resources.

To ensure transparent and efficient tenders, Kenya (https://apo-opa.co/4e2HiRC) utilizes e-bidding platforms for various procurement processes, including in the oil and gas sector, which electronically manages the entire process from the advertisement of tenders to the submission and evaluation of bids. The country’s Ministry of Energy and Petroleum plans to launch its first licensing round (https://apo-opa.co/4ebyt8p) in late-2024 or early-2025 offering 45 onshore and offshore blocks.

Offering Competitive Fiscal Terms

African licensing rounds should establish competitive fiscal terms, which encourage investment and adapt to changing market conditions, while providing contractual stability and safeguarding government revenues. Angola’s reforms to its fiscal regime, including reduced taxes and royalties for marginal fields, have made the development of marginal fields more economically viable and led to the first-time inclusion of five marginal fields in the 2025 bid round. Meanwhile, incentives for high-risk or frontier areas such as tax breaks and reduced royalties can catalyze investment in emerging markets. Uganda’s fiscal regime – which includes stabilization clauses that protect oil companies from adverse regulatory changes, as well as joint and several liability to ensure tax recovery – have attracted major investors including TotalEnergies and China National Offshore Oil Corporation to the Albertine Graben, a highly prospective yet frontier basin. The regime also features progressive royalty structures that increase with production, ensuring revenue responsiveness to market conditions. Contract stability is another key incentive. Mozambique (https://apo-opa.co/3Z9bPsV) – which is preparing the launch of its seventh licensing round in 2025 – has been able to attract large-scale upstream investment in part due to its ability to secure long-term LNG offtake agreements.

Prioritizing Local Content and Capacity Building

Designing realistic local content policies (https://apo-opa.co/3AK3JN8) (LCPs) that gradually increase over time, while being beneficial to the host country, is also critical to attracting upstream investment at an early stage. Following its world-class offshore discoveries, Namibia has fast-tracked the development of its Namibian Content Policy, which is nearing finalization, focusing on facilitating market access and financing for Namibians. Tanzania has also prioritized the development of comprehensive local content requirements – expected to drive interest in its fifth oil and gas licensing round to be launched later this year – as well as encourage joint ventures between international companies and local firms to build local expertise. The Tanzania Petroleum Development Corporation is collaborating with Indonesia’s state-owned Pertamina to provide human resource training and upskilling, following Pertamina’s interest in Tanzania’s upstream oil and gas exploration scene.

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

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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