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Global Gateway: European Investment Bank (EIB) Global launches technical assistance cooperation agreement

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Global Gateway

The cooperation agreement was signed by Guinea-Bissau’s Minister of Finance Ilídio Vieira Té, EIB Vice-President Thomas Östros, and EU Commissioner for International Partnerships Jutta Urpilainen

DOHA, QATAR, March 7, 2023/APO Group/ — 

The Guinea-Bissau Resilient Road Corridor is part of the Praia-Dakar-Abidjan Strategic Corridor defined in the EU–Africa Global Gateway Investment Package; The new agreement concerns the first stage of technical assistance cooperation; The technical assistance of up to €3.5 million will provide concrete support in key aspects such as procurement, environmental and social safeguards management, road safety and climate resilience, ensuring sustainability.

At the 5th UN Conference on Least Developed Countries (LDC5) (https://apo-opa.info/3EUXa9V) in Qatar, the Republic of Guinea-Bissau and the European Investment Bank (EIB Global) have announced the signature and first stage implementation of the technical assistance cooperation agreement for the Guinea-Bissau Resilient Road Corridor project, which forms part of the Praia-Dakar-Abidjan Strategic Corridor. This Global Gateway flagship, which will enhance mobility and trade in a sustainable and safe manner, is currently being implemented by the European Investment Bank. Subject to approvals, it should benefit from a grant from the European Union (EU) as well as EIB financing in the coming months.

The cooperation agreement was signed by Guinea-Bissau’s Minister of Finance Ilídio Vieira Té, EIB Vice-President Thomas Östros, and EU Commissioner for International Partnerships Jutta Urpilainen.

Guinea-Bissau’s Minister of Finance Ilídio Vieira Té said,

“First of all, on behalf of the Government of Guinea-Bissau, I would like to express my great satisfaction on this important day for my country. Its marks the signing of the cooperation agreement with EIB Global the European Investment Bank (EIB Global) to provide technical assistance for the SAFIM-MPACK road corridor. I believe that this day will also bring the relaunch of the financing operations of projects. The rehabilitation of the road that connects SAFIM to MPACK is an emblematic project of our cooperation and testimony of how much the European Union and its bank the EIB, are committed to helping Guinea-Bissau find the best development path. This project, as part of the Trans-West African Coastal Highway, should contribute to increasing intra-regional trade and economic efficiency while representing the main means of transport for most rural communities.”

I am proud that, at the EIB, we are mobilising our vast expertise to support the implementation of this strategic and impactful project for the region

“I am proud that, at the EIB, we are mobilising our vast expertise to support the implementation of this strategic and impactful project for the region. As part of the Praia-Dakar-Abidjan corridor, it will directly benefit the local population by facilitating mobility – including improved access to health and education, particularly for women and children in rural areas. It is a true flagship project supported by EIB Global, our new arm dedicated to development and international partnerships outside the European Union. I hope that this project will be followed by many other projects in various key sectors for Guinea-Bissau benefiting from both EIB and EU support,” said EIB Vice-President Thomas Östros.

European Commissioner for International Partnerships Jutta Urpilainen said: “The Resilient Road Corridor project to rehabilitate the main road that connects the Guinea Bissau capital with Senegal is a true flagship EU-Africa Global Gateway project. As part of the Praia-Dakar-Abidjan Strategic Corridor, it will facilitate mobility and trade in Africa, and between Africa and Europe.. The technical assistance agreement signed today is an important step forward in enhancing and greening connectivity, and I look forward to the next steps.

The first stage launch of this new technical assistance agreement of up to €3.5 million marks an important step forward in the implementation of this road corridor project in Guinea-Bissau in terms of procurement, environmental and social safeguards management, road safety, climate resilience and reporting. It will facilitate the rehabilitation, including climate change resilience enhancement, of a 115 km section of the N2 road (Bissau-Mpack) between Safim, north of the capital Bissau, and the Mpack border crossing with Senegal. The N2 is part of the Dakar-Lagos Trans-African Highway Corridor No 7 (TAH-7) and the only paved road connecting Guinea-Bissau to external markets.

This road corridor plays an essential role in trade between Guinea-Bissau and the wider region. Once completed, the project is expected to facilitate the mobility of the local population while contributing significantly to Guinea-Bissau’s regional integration efforts. Furthermore, this project will improve people’s access to health and education as well as enhancing economic activities along the corridor and beyond. Improved access to health services will, in particular, benefit women and children in the rural areas that will be served by the corridor.

The project is also being co-financed by the World Bank.

Distributed by APO Group on behalf of European Investment Bank (EIB).

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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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Etu Energias

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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Energy

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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