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Diamond Plus and Diamond Sponsors Unite at Libya Energy & Economic Summit (LEES) 2026 to Advance Libya’s Upstream Investment Agenda

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Diamond Plus Sponsor Assail Drilling and Diamond Sponsors TotalEnergies, ConocoPhillips, Repsol, OMV and Eni reaffirm their support for Libya’s exploration, production and investment agenda at next month’s Libya Energy & Economic Summit

TRIPOLI, Libya, January 9, 2026/APO Group/ –Assail Drilling Company (a Diamond Plus sponsor) and TotalEnergies, ConocoPhillips, Repsol, OMV and Eni (Diamond sponsors) will participate in the Libya Energy & Economic Summit (LEES) 2026 at the highest level, reaffirming strong international and domestic backing for Libya’s upstream growth strategy as the country targets oil production of 2 million barrels per day (bpd).

Assail Drilling’s participation underscores the critical role of local drilling and services capacity in Libya’s upstream expansion. The company continues to scale operations across key producing assets, strengthening drilling capacity while supporting workforce development, safety standards and technical training across Libya’s oil and gas sector.

Recent developments across international energy company portfolios highlight Libya’s near-term production upside. In late 2025, OMV (https://apo-opa.co/4pzKPfz) announced a major discovery at the B1-106/4 well in the Sirte Basin (https://apo-opa.co/45JMnwq), with test flows exceeding 4,200 barrels per day (bpd) of oil and 2.6 million cubic feet per day of gas. Estimated recoverable volumes at the Essar prospect range between 15 and 42 million barrels of oil equivalent. OMV is engaging with the National Oil Corporation (NOC) to lift force majeure in several contract areas and advance new seismic acquisition and drilling programs in early 2026.

Reaffirming its long-term commitment to Libya’s evolving energy landscape through a multi-energy strategy spanning upstream growth, gas development and decarbonization, TotalEnergies (https://apo-opa.co/456JWnE) has worked to support the country’s ambitions to lift output, strengthen energy security and attract international capital. In 2025, the company advanced record-setting production across the Waha concessions, progressed restart plans at Mabruk, expanded exploration in the Murzuq Basin and evaluated large-scale solar capacity near Misrata alongside low-carbon solutions such as methane detection technologies.

Underscoring its strategic role in advancing Libya’s long-term production growth and investment framework, ConocoPhillips (https://apo-opa.co/4svMbuv) has deepened engagement with the NOC through high-level negotiations aimed at securing competitive fiscal and operational terms to unlock multi-billion-dollar developments. As part of its interests in Waha, ConocoPhillips is prioritizing large-scale projects such as North Gialo 6J and NC-98, as well as drilling, gas integration and operational readiness initiatives designed to support Libya’s ambition of reaching 2 million bpd by the end of the decade.

Repsol (https://apo-opa.co/49Le5eJ) has accelerated its upstream activity in Libya, lifting operated production to around 307,000 bpd and targeting 350,000 bpd by year-end. The company is executing a nine-well drilling campaign in the Murzuq Basin while advancing gas flaring reduction initiatives and an LPG project in Ubari to improve domestic energy access. Production at the El Sharara field has also exceeded 300,000 bpd for the first time since 2019, reinforcing Repsol’s growing operational momentum across the country.

Eni (https://apo-opa.co/4jyPr4u) will reinforce its position at LEES as a cornerstone of Libya’s gas-focused growth strategy. Operated primarily through Mellitah Oil and Gas, a 50-50 joint venture with the NOC, Eni is advancing the $8 billion offshore Structures A&E project, targeting up to 750 million standard cubic feet per day with first gas expected around 2026, alongside carbon capture and storage at Mellitah. The company has resumed offshore and onshore exploration, operates the Bahr Essalam and Wafa fields, plans €8 billion in investments by 2029 and has been shortlisted for Libya’s upcoming upstream licensing round.

Join industry leaders at the Libya Energy & Economic Summit 2026 in Tripoli and explore investment opportunities in one of North Africa’s most dynamic energy markets. LEES 2026 offers a premier platform for partnerships, innovation and sector growth. Visit www.LibyaSummit.com to secure your participation. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

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

Energy

Siemens Energy Expands Angola Footprint as Senior Vice President (SVP) Waheed Abbasi Joins Angola Oil & Gas (AOG) 2026

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From FPSO power solutions to local service capacity, Siemens Energy is scaling its role in Angola at a time when the country is pursuing gas expansion

LUANDA, Angola, April 28, 2026/APO Group/ –Waheed Abbasi, Senior Vice President, Gas Services: Europe and Africa at Siemens Energy, has joined the Angola Oil & Gas (AOG) Conference and Exhibition as a speaker. Abbasi’s participation comes at a time when Siemens Energy is deepening its footprint in Angola through major power infrastructure and local capacity investments, positioning itself as a key enabler of the country’s evolving oil and gas market. At the event this September (9-10), Abbasi is expected to bring insights into how power technology and gas infrastructure are converging to support Angola’s next phase of industry growth.

With a long-standing presence in Angola, Siemens Energy has played a central role in strengthening power and infrastructure systems through projects in the oil, gas and renewable energy sectors. The company is currently developing an 80 MW power generation plant for the Kaminho FPSO – part of the first large deepwater development in the Kwanza Basin. The FPSO, currently 50% complete, will be installed in 2027 with first oil produced from the Cameia field in 2028. By integrating advanced power generation systems into offshore infrastructure, Siemens Energy is supporting more efficient, lower-emission production while ensuring reliable operations in deepwater environments.

At the same time, Siemens Energy has strengthened its on-the-ground presence with the launch of its Angola Service Shop in 2026. The facility brings service execution, project support, training and critical spare parts closer to customers, enabling faster response times and improving operational reliability across Angola’s oil and gas sector. By anchoring its services locally, Siemens Energy is not only supporting existing projects but also building the infrastructure needed to sustain long-term industry growth, reinforcing supply chain resilience and technical capacity within the country.

Siemens Energy’s activities in Angola form part of a broader continental strategy, with the company active in more than 50 African countries and leading initiatives across power generation, renewable energy and hydrogen development. This pan-African footprint positions Siemens Energy as a key partner for governments seeking to balance industrial growth with energy transition goals. In Angola, this is particularly relevant as the country looks to diversify its energy mix while leveraging its hydrocarbon resources to drive economic development.

Angola’s strategy to increase the share of gas in its energy mix to 25% is creating new opportunities for companies like Siemens Energy to deploy gas-to-power solutions. The start of key projects, including the country’s first non-associated gas project – led by the New Gas Consortium –, is expected to unlock greater gas flows, supporting both LNG exports and domestic power generation. As gas availability increases, the need for efficient power generation, grid infrastructure and industrial energy solutions will become more critical. Siemens Energy’s technology portfolio, spanning gas turbines, power systems and integrated energy solutions, positions the company to play a central role in enabling this transition.

Stepping into this picture, Abbasi’s participation at AOG 2026 comes at a time when Angola is aligning upstream growth with downstream and power sector expansion, creating a more integrated energy ecosystem. The event will provide a platform for discussions around gas monetization, power infrastructure and industrial development, areas where Siemens Energy is actively contributing.

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

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African Mining Week (AMW) to Showcase Emerging Mining Frontiers as Africa Ramps Up Geomapping

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The upcoming African Mining Week will connect global investors with emerging opportunities across Africa’s mining sector amidst a surge in national geomapping exercises across the continent

CAPE TOWN, South Africa, April 28, 2026/APO Group/ –State agencies the Ghana Gold Board and the Ghana Geological Survey Authority have signed an agreement to co-conduct geological surveys in the Funsi, Atuna and Bensere East regions. The initiative aims to expand national gold reserves, increase output and support the formalization of artisanal mining operations. The agreement is part of a growing trend across Africa, with mineral-rich countries embarking on national geomapping programs to strengthen mineral production, de-risk exploration projects and position the continent as a key player in the global mineral supply chain.

 

Acceleration in geomapping exercises will be a key focus at the upcoming African Mining Week (AMW) Conference and Exhibition – The Most Influential Mining Conference in Africa, scheduled for October 14-16 in Cape Town. The event will connect global investors and geophysical technology providers with African regulators and project developers, facilitating strategic collaborations aimed at unlocking greenfield developments.

The theme for AMW 2026 – Mining the Future: Unearthing Africa’s Full Mineral Value Chain – reflects a growing trend among African mining jurisdictions eager to unlock the continent’s $8.5 trillion worth of untapped mineral potential. This is backed by the launch of national geomapping initiatives, aimed at identifying new exploration frontiers and supporting investments.

Recent examples include Burundi’s mid-March partnership with U.S. companies Lifezone Metals and KoBold Metals to assess the Musongati Nickel project and other critical mineral prospects. The Democratic Republic of Congo has also engaged Xcalibur Smart Mapping to survey an area spanning 700,000 square kilometers as part of a strategy to unlock over $24 trillion in untapped mineral reserves, with 90% of its geology yet to be explored.

Zambia has also completed 55% of its national geomapping project, as the country seeks to identify new copper deposits to meet its 2031 target of increasing output to three million tons. Meanwhile, Nigeria is advancing its own geomapping efforts following approval of a N1 trillion budget for 2026, aimed at unlocking the country’s potential in more than 44 critical minerals. Several other countries, including Tanzania, are also implementing similar initiatives, while South Africa is providing technical support to nations such as Gabon, South Sudan and Nigeria.

Liberia has plans to geomap 80% of its largely unexplored geology. In an exclusive interview ahead of AMW 2026, Matenokay Tingban, Liberia’s Minister of Mines and Energy, told organizers that “we are seeking geomapping and exploration partners. With Liberia’s vast but largely untapped mineral resources, access to geoscientific data will allow us to negotiate stronger investment deals and unlock downstream infrastructure development.”

The surge in geomapping initiatives highlights Africa’s commitment to unlocking its mining sector growth and presents lucrative opportunities for global exploration, drilling and geophysical technology providers. AMW 2026 will showcase ongoing geomapping progress, connecting African stakeholders with global partners to foster partnerships that will drive the expansion of Africa’s drilling and greenfield projects.

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

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African Petroleum Producers Organization (APPO) Pushes Regional Energy Hubs to Unlock Africa-Wide Investment Scale

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APPO’s Secretary General outlines integration strategy, gas potential and financing tools reshaping Africa’s energy investment landscape at IAE 2026

PARIS, France, April 24, 2026/APO Group/ –The African Petroleum Producers Organization (APPO) is promoting the development of regional energy hubs across the continent, aiming to remove trade barriers and strengthen infrastructure interconnections – from pipelines to refining and distribution networks.

 

Speaking at Invest in African Energy (IAE) 2026 in Paris, Farid Ghezali, Secretary General, APPO, said the initiative is central to repositioning Africa in the global energy system. The strategy signals a structural shift for investors: away from fragmented national markets toward a unified, high-growth regional bloc of 1.4 billion people.

“For investors, this changes everything,” Ghezali said. “You are no longer investing in isolated national markets, but in an integrated regional market with scale, demand growth and long-term potential.”

We need long-term partnerships that justify large-scale investments and create stability for both producers and buyers

Ghazali framed the push for integration as a response to a rapidly shifting global energy landscape marked by volatility and geopolitical uncertainty. “Recent events have shown that energy security is not just about supply – it is about reliability and resilience,” Ghazali noted. “The world is looking for diversification and stability,” he said. “Africa can offer both – but only if we organize ourselves as a connected and competitive energy market.”

A key part of APPO’s vision is addressing the continent’s infrastructure gap. Despite holding more than 600 trillion cubic feet of proven gas reserves, Africa continues to face constraints in monetizing its resources. “Resources in the ground are not enough,” Ghezali noted. “We need pipelines, LNG facilities, processing infrastructure – real assets that connect supply to demand.”

He emphasized that Africa must move beyond short-term, transactional energy deals, particularly in its engagement with Europe. “We cannot remain in the logic of short-term transactions,” he said. “We need long-term partnerships that justify large-scale investments and create stability for both producers and buyers.”

Financing remains a hurdle, especially as traditional capital sources become more cautious under ESG pressures. However, short-cycle exploration, near-field developments and optimization of existing assets offer immediate value, as recent successes in Namibia, MSGBC countries and Ivory Coast have shown. To support more projects, APPO has backed the creation of the African Energy Bank. At the same time, investors’ preferences are shifting toward integrated energy projects that combine upstream development with domestic power generation or LPG production. “The most attractive projects today are those that deliver both financial returns and development impact,” Ghazali said. “Gas-to-power projects respond to both energy security and sustainability.”

Ghazali underscored the need to boost intra-African energy trade. “We produce oil and gas, yet we import refined products,” he said. “This must change. Regional integration is the only path to a competitive and self-sufficient energy market.”

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

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