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GEPetrol Managing Director (MD) Teresa Isabel Nnang Avomo to Lead Investment Dialogue During African Energy Week (AEW) 2023

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Teresa Isabel Nnang Avomo

GEPetrol Managing Director Teresa Isabel Nnang Avomo has joined the African Energy Week conference as a keynote speaker, where she is expected to lead dialogue around investing in exploration, a drive for local content and advancing women participation in oil and gas

JOHANNESBURG, South Africa, July 14, 2023/APO Group/ — 

African National Oil Companies (NOC) are playing a much larger role in Africa’s energy sector, representing competitive operators and partners in their own right. Companies to the likes of GEPetrol, Equatorial Guinea’s NOC, continue to be instrumental in unlocking the true potential of both on- and offshore energy markets, and are gradually positioning themselves as the energy companies of the future in Africa. This year’s African Energy Week (AEW) conference – scheduled for October 16-20 in Cape Town – is proud to host GEPetrol Managing Director Teresa Isabel Nnang Avomo as a keynote speaker, where she will drive discussions around Equatorial Guinea’s market potential, investment opportunities, the role NOCs play in Africa’s future and strategies for advancing the participation and contribution of women in Africa’s oil and gas industry.

Representing the first female to be appointed Managing Director of GEPetrol, Avomo brings to the position a wealth of experience in the oil and gas industry. Prior to her role as Managing Director, Avomo served as Deputy Director of Operations at the NOC, a role in which she was instrumental in directing and optimizing the company’s upstream operations and business across the entire hydrocarbons value chain. Under her leadership, GEPetrol is well positioned to amplify upstream developments, with the NOC working closely with a series of international energy companies and independents to expand both the domestic and regional energy sector.

Avomo’s appointment at GEPetrol could not come at a better time, both for the company and the country at large. With Equatorial Guinea’s Gas Mega Hub (GMH) – a multi-faceted initiative that aims to monetize regional gas resources, connecting offshore basins to the country’s onshore Punta Europa facility – making progress, the country is consolidating its position as a regional processing hub and major global exporter. Recent agreements under the GMH include a Heads of Agreement signed with Marathon Oil Corporation for the second and third phases of the initiative as well as a cooperation deal inked with neighboring Cameroon for the joint development of shared offshore basins. GEPetrol, alongside its project partners, are also progressing with drilling at both existing and new oilfields with the aim of unlocking new finds and addressing natural declines in legacy fields.

With Avomo at the head of the NOC, we are confident that the country will witness one industry success after another

Notwithstanding upstream progress, GEPetrol continues to be an advocate for local content and regional collaboration. The NOC serves as a benchmark for how other NOCs in Africa can both up-skill and re-skill the local workforce in line with industry demands and social impact. Equatorial Guinea has cooperation agreements in place with Namibia, Nigeria, Cameroon and others, and works closely with its regional neighbors to advance local content and capacity building.

In addition to local content, GEPetrol works to enhance the contributions of women in the oil and gas industry. Avomo’s appointment is both a testament to her skillset and leadership in the industry and to the company’s commitment to improve inclusivity in the oil and gas workforce. As an advocate for women in oil and gas, and a mentor herself, Avomo is bound to play an instrumental part in narrowing the gender gap and ushering in a wave of innovation on the back of gender diversity.

“The AEC is proud to host Teresa Isabel Nnang Avomo at this year’s AEW 2023 conference. We were excited to witness her appointment as Managing Director of GEPetrol and look forward to the work she will continue to do in Equatorial Guinea. Avomo is a true example of the role and need for more women in leadership positions across the African energy sector. Her contributions to both the NOC and the wider market have been invaluable. Equatorial Guinea is on the precipice of realizing its goals of becoming a regional hub and global exporter. With Avomo at the head of the NOC, we are confident that the country will witness one industry success after another,” states NJ Ayuk, Executive Chairman of the AEC.

During AEW 2023, Avomo will lead dialogue around upstream investments, natural gas in Africa, as well as local content and women in energy. Her contributions towards panel discussions, NOC forums and investor summits will not only improve an understanding of the progress and opportunities in Equatorial Guinea’s energy sector but will advance dialogue and decisions around Africa’s energy future.

AEW is the AEC’s annual energy event that unites African policymakers and NOCs with global investors and project developers, under the theme, ‘The African Energy Renaissance: Prioritizing Energy Poverty, People, the Planet, Industrialization and Free Market.’ AEW 2023 takes place in Cape Town and is proud to represent the biggest gathering of African energy and petroleum ministers, NOCs and energy companies in Africa. For more information, visit www.AECWeek.com

Distributed by APO Group on behalf of African Energy Chamber.

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Novum Studio Secures New Funding to Launch Ahoy Project, an AI-Native Enterprise Transformation Platform, Building on Its 20-Million-User Gen Z App Frog

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July 24, 2026

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Novum Studio
  • Novum Studio has raised a new round of funding to launch Ahoy Project, its enterprise AI solution, with internal testing scheduled for July 2026.
  • Ahoy Project is positioned as the infrastructure for AI-native enterprise transformation – an AI-native communication platform serving as the underlying system, delivered as an end-to-end tailored solution.
  • The launch expands the company beyond Frog, its Gen Z consumer social app that has reached 20 million users across the U.S. and Europe.
  • Novum Studio said it is applying lessons from operating high-frequency social platforms at scale to workplace communication and knowledge systems.

NEW YORK, USA – Media OutReach Newswire – 24 July 2026 – Novum Studio, the company behind Frog – a Gen Z social app often described as a “new-generation Snapchat” – said it has raised a new round of funding and will use the proceeds to launch Ahoy Project, an AI-native enterprise communication and collaboration platform, with internal testing scheduled for July 2026.

The Novum Studio team at London Tech Week 2025.

Unlike conventional workplace software, Ahoy Project will not be sold as a standalone software subscription, the company said. Novum Studio provides the infrastructure and a full tailored solution for enterprises undergoing AI-native transformation, with the communication platform serving as the underlying system on which that transformation is built.

Founded as a consumer social company, Novum Studio has reached more than 20 million users across the U.S. and Europe. Frog gained traction among younger users through spontaneous, real-time sharing designed around authenticity and low-pressure interaction. The company said its experience building large-scale social “spaces” – where millions of people communicate, form groups and coordinate in real time — directly informs its approach to enterprise collaboration.

The new funding will support the launch and international expansion of the enterprise business as artificial intelligence reshapes how organizations communicate, collaborate and operate, the company said.

Novum Studio was founded by Anna Danyi, who graduated from the London School of Economics and Political Science (LSE) in 2018 and began her career in consulting and technology. Before founding Novum Studio, she built multiple consumer applications and exited through an acquisition. In 2025, Forbes China recognized her among the Top 100 most influential global Chinese figures in AI digital products area.

“We spent years understanding how millions of users communicate online,” Anna Danyi said. “In the AI era, communication itself is becoming intelligent. We believe the next generation of platforms will not only connect people — they will understand workflows, collaboration and organizational behavior.”

From Consumer Social to Enterprise AI

Modern organizations face growing challenges as critical knowledge, decisions and workflows become fragmented across chats, meetings and disconnected tools, the company said. Ahoy Project addresses this as a conversation-driven, AI-native collaboration layer: it captures context from day-to-day communication to build a searchable enterprise knowledge base and support workflow coordination.

Core capabilities include conversation-based knowledge organization, AI-assisted collaboration and workflow support integrated directly into team communication. Because the platform sits at the layer where work is discussed and decided, it can serve as the foundation for a broader AI-native operating model – with Novum Studio designing and delivering the surrounding transformation solution for each enterprise client.

Ahoy (Popeye AI) turns everyday team conversations into a searchable enterprise knowledge base.

A New Direction for Social Technology

Novum Studio said its expansion reflects a broader shift across the technology industry. Platforms such as TikTok and Instagram defined how content was distributed and consumed in the mobile social era; as AI becomes embedded in digital products, the company believes the next stage will center less on feeds and more on intelligent systems that understand communication and coordination.

“We are no longer just building products where people post content,” Anna Danyi said. “We are building systems that understand how humans communicate and operate together.”
 

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Energy

Venezuela Energy Week to Host Houston Industry Showcase, Unlocking United States (U.S.) Commercial Engagement Ahead of October Summit

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July 24, 2026

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African Energy Chamber

Ahead of Venezuela Energy Week 2026, U.S. exploration companies, independent operators, oilfield service providers and investors are invited to explore commercial opportunities across Venezuela’s upstream sector at the Houston Industry Showcase next month

HOUSTON, United States of America, July 23, 2026/APO Group/ –Venezuela Energy Week will host an Industry Showcase in Houston on August 18, 2026: a targeted industry roadshow designed to engage U.S. energy stakeholders ahead of the October summit. Held at The Post Oak Hotel, the showcase will convene senior representatives from across the U.S. upstream ecosystem – including exploration and production companies, Texas-based independents, oilfield service companies, engineering and technology firms, commercial banks, private equity firms and family offices – to assess commercial pathways for participation in Venezuela’s energy sector.

 

As Venezuela looks to expand production, U.S. companies remain well positioned to contribute technical expertise, capital and operational capabilities across the upstream value chain. Chevron’s longstanding presence in the country highlights the continued importance of U.S. industry participation, while the scale of Venezuela’s resource base continues to attract interest from major international energy companies, including ExxonMobil and ConocoPhillips. Opportunities extend across exploration, field development, production optimization, infrastructure rehabilitation and digital modernization as Venezuela seeks to strengthen its energy sector.

 

Demand is also expected to grow for oilfield service companies, engineering firms, technology providers and financial institutions that can support upstream investment and project execution. Companies including SLB, Halliburton and Baker Hughes have been identified as potential partners in advancing production optimization and infrastructure rehabilitation, while commercial banks, private equity firms and family offices will play an important role in financing future investment opportunities.

 

Against this backdrop, the Houston Industry Showcase will provide a structured engagement platform at a time when select international operators continue to operate under U.S. Treasury-authorized frameworks, and where policy considerations in the U.S. continue to shape engagement parameters in Venezuela’s energy sector.

 

The event will enable U.S. exploration companies, independent operators, oilfield service providers and investors to assess technical and commercial pathways across exploration, field services, project delivery and broader supply chain opportunities, while supporting early-stage dialogue between international investors and Venezuela-focused stakeholders in a structured commercial environment ahead of the October summit.

 

To register for the Houston Industry Showcase on August 18, visit www.venezuelaenergyweek.com/rsvp-houston. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2026 in Caracas this October, contact info@venezuelaenergyweek.com.

 

Supporting Venezuela’s Earthquake Recovery

 

Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

 

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4fM0rLr).

 

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

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Business

Africa Trade Gateway Delivers US$5.3-Million Cross-Border Transaction in First Energy Sector Trade in Southern Africa

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July 24, 2026

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Afreximbank

The transaction represents an important milestone for both the participating institu-tions and the ATG ecosystem as it marked Innbucks Microbank’s first completed transaction through the platform and the ATG’s first recorded energy-sector transac-tion in Southern Africa

HARARE, Zimbabwe, July 23, 2026/APO Group/ –A US$5.3-million cross-border fuel (gasoil) trade transaction has been successfully completed with support of the Africa Trade Gateway (ATG), African Export-Import Bank’s (Afreximbank’s) (www.Afreximbank.com) flagship digital trade ecosystem, demonstrating the value and efficacy of the Gateway in powering African trade.

The transaction, which saw Zimbabwean fuel importer Witeva Trading source a gasoil shipment from a leading commodity trader and supplier in Switzerland, with Innbucks Microbank Ltd. participating as the local issuing financial institution and Afreximbank providing confirmation support under agreed trade finance structure, demonstrates how African businesses can leverage one connected ecosystem to identify opportunities, access finance and complete international trade more efficiently.

The ATG made it possible for the commercial opportunity to be connected to the right ecosystem participants, bringing together the buyer, supplier and participating financial institutions to support a successful execution of the transaction.

The transaction represents an important milestone for both the participating institutions and the ATG ecosystem as it marked Innbucks Microbank’s first completed transaction through the platform and the ATG’s first recorded energy-sector transaction in Southern Africa.

This transaction demonstrates the value of bringing African businesses and financial institutions together through one connected trade ecosystem

It also demonstrates how African Businesses can use a single digital ecosystem to identify commercial opportunities, connect with verified counterparties, access trade-finance support and execute cross-border transactions more efficiently.

Peter Olowononi, Director, Regional Operations, Southern Africa, at Afreximbank, said:

“This transaction demonstrates the value of bringing African businesses and financial institutions together through one connected trade ecosystem. By creating a digital ecosystem to expand access to trade finance, Afreximbank is enabling more businesses to participate easily in regional and international trade.”

Emeka Onyia, Director, Digital Business, at Afreximbank, added:

“The Africa Trade Gateway is more than a mere digital platform; it is the ecosystem that helps trade happen. We help businesses discover opportunities, connect with trusted buyers, suppliers and financial institutions, and facilitate the journey from commercial opportunity to completed transactions. Every successful deal strengthens the network, attracts new participants and creates more opportunities for African trade.”

“As more businesses, banks and trade partners join the ecosystem, every successful transaction expands the marketplace, strengthens trust across the network and increases opportunities for future trade,” Mr. Onyia added.

Distributed by APO Group on behalf of Afreximbank.

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