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Hon. Senator Heineken Lokpobiri to Speak at African Energy Week (AEW) 2026 as Nigeria Posts Record $18.2B Investment Surge

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African Energy Chamber

Nigeria’s Petroleum Minister of State will headline African Energy Week 2026 amid a landmark year for upstream reforms, 28 new field approvals and multi-billion-dollar deepwater and gas developments reshaping the country’s energy future

CAPE TOWN, South Africa, May 28, 2026/APO Group/ –Hon. Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), Federal Republic of Nigeria, has been confirmed as a featured speaker at African Energy Week (AEW) 2026, where he is expected to outline Nigeria’s accelerating upstream transformation and its expanding role as one of Africa’s leading oil and gas investment destinations.

 

Nigeria’s energy sector has recorded one of its strongest investment cycles in a decade, driven by regulatory reforms under the Petroleum Industry Act (PIA), improved fiscal incentives and renewed confidence from international oil companies (IOCs) and indigenous operators.

 

In 2025 alone, Nigeria approved 28 new Field Development Plans valued at $18.2 billion, unlocking an estimated 1.4 billion barrels of crude oil reserves, according to government disclosures. These approvals mark a decisive shift toward accelerating project execution timelines and reversing years of stalled upstream development.

 

Lokpobiri has consistently credited this momentum to reforms under the PIA, alongside faster licensing processes and investment-friendly fiscal adjustments. Speaking in Abuja earlier this year, he noted that Nigeria secured four of seven major Final Investment Decisions in Africa between 2024 and 2025, positioning the country as a leading upstream investment hub on the continent.

 

A central pillar of this resurgence is Shell’s Bonga deepwater complex, where the company has taken a $5 billion final investment decision on the Bonga North project, a subsea tie-back expected to add over 300 million barrels of recoverable resources and significantly boost long-term output from the FPSO hub. The development is widely viewed as a benchmark for Nigeria’s renewed deepwater competitiveness.

Nigeria is once again proving what is possible when policy meets execution

 

Meanwhile, ExxonMobil’s planned investment in the Usan deepwater oil field is expected to inject up to $1.5 billion between 2025 and 2027, supporting production revitalization through new drilling and infrastructure upgrades.

 

Alongside IOC-led expansion, Nigeria’s indigenous producers are increasingly central to near-term output growth, with Heirs Energies targeting up to 100,000 barrels per day as it ramps up development across its onshore Niger Delta portfolio, including OML 17. This momentum is complemented by Seplat Energy’s optimization of its expanded onshore portfolio following the ExxonMobil acquisition, reinforcing the growing role of local operators in stabilising production and driving Nigeria’s short-term output gains.

 

Lokpobiri is also expected to highlight Nigeria’s broader energy transition framework at AEW 2026, which seeks to balance oil production growth with gas monetization, domestic refining expansion and increased local content participation. His policy messaging has consistently emphasized that Nigeria’s oil and gas sector is structured to accommodate both IOCs and a growing base of indigenous operators.

 

“Nigeria is once again proving what is possible when policy meets execution,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “Under leaders like Heineken Lokpobiri, we are seeing renewed seriousness about production, investment and getting projects across the line – from deepwater developments to indigenous-led growth. This is exactly the kind of momentum Africa needs: not promises, but barrels, projects, and bankable deals.”

 

As AEW 2026 prepares to convene policymakers, investors, and operators from across Africa and beyond, Lokpobiri’s address is expected to serve as one of the defining policy moments of the conference – spotlighting Nigeria’s resurgence at the center of Africa’s upstream growth story and its ambition to convert recent investment momentum into sustained production gains.

Distributed by APO Group on behalf of African Energy Chamber.

Business

Caribbean Energy Week 2027 Launches as Guyana’s Oil Boom Enters New Phase

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Natural Resources

Natural Resources Minister Vickram Bharrat joined Guyana’s government and industry leaders in Georgetown to highlight the widening pipeline of opportunities for local and international investors at the Caribbean Energy Week 2027 in-country launch

GEORGETOWN, Guyana, September 3, 2026/APO Group/ –Guyana is rapidly approaching one million barrels per day of oil production, but the country’s next wave of growth could be defined as much by what happens beyond the oil fields as by the continued expansion of offshore output. That was the message from senior government and industry leaders in Georgetown on Tuesday as Caribbean Energy Week (CEW) 2027 officially launched in-country, bringing investors and energy stakeholders together around Guyana’s expanding pipeline of opportunities.

 




  

Natural Resources Minister Vickram Bharrat said Guyana’s production has surged from around 80,000 barrels per day in 2020 to more than 900,000 bpd, with the country on track to approach 1.7 million bpd by the end of the decade.

Bharrat highlighted exploration and the wider oil and gas value chain as major areas of opportunity, with Guyana’s local-content framework creating new avenues for international investors to partner with domestic companies. “You are in the right place, at the right time,” he told investors.

The government’s local-content drive is already reshaping that ecosystem. Nearly 1,300 companies are registered with the Local Content Secretariat and almost 7,000 Guyanese have been trained and certified to work directly in the oil and gas sector, Bharrat said.

“When we dropped that [Local Content Act], it was in no way meant to shut the door on foreign investment,” he said. “We have proven that the model can work, where we can have foreign investors partnering with our local private sector.”

We have proven that the model can work, where we can have foreign investors partnering with our local private sector

For Guyana’s Chief Investment Officer Peter R. Ramsaroop, the opportunity now extends beyond hydrocarbons. The country is entering a period of transformation in which energy availability and cost could unlock new investment across manufacturing and other industries.

“Energy is economics. It’s not a commodity, it’s a variable,” Ramsaroop said, pointing to the expected impact of lower electricity costs as Guyana’s Gas-to-Energy (GtE) project comes online.

The approximately 300-MW project is designed to process natural gas from the offshore Stabroek Block for power generation while recovering natural gas liquids. Lindsayca Guyana Country Manager and Board Member Luis Pirela said the project is targeting power generation before the end of 2026.

“With GtE, our goal is to bring energy to Guyana in the shortest time possible,” Pirela said, adding that Lindsayca is now sourcing close to 70% of its materials locally.

The project illustrates the wider shift underway in Guyana, where the rapid expansion of oil production is generating demand for infrastructure, services, manufacturing and local businesses while creating new opportunities for international investors. That transformation is also increasingly regional in scope – a central focus of Caribbean Energy Week 2027.

“Looking around this room, the strength of our collective leadership is clear,” said Sandra Jeque, Vice President at Energy Capital & Power, organizers of CEW. “We are here today to lay the groundwork for what will be a landmark event for the region – Caribbean Energy Week 2027 – at a critical moment for the Caribbean’s energy future.”

With Guyana emerging as one of the world’s fastest-growing oil producers, CEW 2027 will bring that momentum into a regional forum focused on investment, partnerships and the next chapter of the Caribbean’s energy economy.

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

 




 

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Energy

Invictus Energy Takes Zimbabwe’s Cabora Bassa Opportunity to African Energy Week (AEW) 2026 as Bronze Partner

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African Energy Chamber

Invictus Energy joins AEW 2026 as Bronze Partner as Zimbabwe’s Cabora Bassa project advances toward commercialization, drilling and gas-to-power development

CAPE TOWN, South Africa, September 3, 2026/APO Group/ –Invictus Energy will participate in African Energy Week (AEW) 2026 as a Bronze Partner, bringing Zimbabwe’s Cabora Bassa Basin development into the continent’s premier energy investment forum. The partnership comes as Invictus shifts from frontier exploration toward commercial development following major discoveries, regulatory progress and a landmark production sharing agreement.

 




  

Invictus holds an 80% interest across 360,000 hectares in the Cabora Bassa Basin, where its Mukuyu discovery has established a significant gas-condensate resource. The company estimates the project contains 4.2 trillion cubic feet (tcf) of gas and 264 million barrels of condensate, positioning Cabora Bassa as a potential new source of domestic gas and power for Zimbabwe.

The company signed a petroleum production sharing agreement with the government of Zimbabwe in May this year, establishing the fiscal and commercial framework for future development. The agreement gives the state a 20% interest and incorporates the Mutapa Investment Fund, while providing a framework under which Zimbabwe can take its share through profits or physical gas volumes.

Its participation brings Zimbabwe’s emerging gas opportunity into direct conversation with investors, developers and energy companies from across the continent and beyond

Invictus is now preparing for its next major exploration catalyst, with the Musuma-1 well scheduled to spud in November. The well will target an independent prospect on the eastern basin margin containing an unrisked gross mean prospective resource of 1.2 tcf of gas and 73 million barrels of condensate, potentially expanding the basin’s commercial footprint.

The company has also secured Exalo Drilling Rig 202 through a deed of variation with Exalo Drilling, while wellpad construction, civil works and rig preparations advance ahead of mobilization. Invictus also completed an approximately $7-million capital raising in July, strengthening its funding position for the upcoming drilling program and wider appraisal activity.

Alongside exploration, Invictus is developing an early gas-to-power commercialization pathway centered on Mukuyu. A pilot project with Dallaglio and Himoinsa is designed to generate an initial 12 MW for the Eureka Gold Mine, with potential expansion to 50 MW as gas production develops and additional industrial demand emerges.

The company is also pursuing broader gas monetization through an MoU with Mbuyu Energy, potentially supplying gas-to-power generation facilities connected to the Southern African Power Pool. Longer-term plans include regional pipeline infrastructure and modular LNG production, creating multiple routes for Cabora Bassa gas to reach Zimbabwean and regional energy markets.

“Invictus Energy represents the type of African-led resource development that AEW is designed to showcase, where exploration success is being matched by commercial planning, government alignment and investment,” says NJ Ayuk, Executive Chairman, African Energy Chamber. “Its participation brings Zimbabwe’s emerging gas opportunity into direct conversation with investors, developers and energy companies from across the continent and beyond.”

Invictus’ Bronze Partnership gives AEW 2026 delegates direct engagement with an emerging African upstream developer advancing one of the continent’s most significant recent onshore gas discoveries. Its participation comes as Zimbabwe seeks to convert new hydrocarbon resources into domestic power generation, industrial growth and energy security, while attracting investment into an underexplored frontier basin.

Distributed by APO Group on behalf of African Energy Chamber.

 




 

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Energy

bp Supply, Trading & Shipping Strengthens Global Market Focus at Angola Oil & Gas (AOG) 2026 as Gold Sponsor

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Etu Energias

Moving around 240 million tons of oil, gas and products annually, bp Supply, Trading & Shipping will bring its global energy marketing and logistics expertise to Angola’s premier industry event

LUANDA, Angola, September 3, 2026/APO Group/ –bp Supply, Trading & Shipping – the distribution business of energy major bp – has joined the Angola Oil & Gas (AOG) 2026 Conference and Exhibition as a Gold Sponsor, bringing the expertise of one of the world’s leading energy marketing, operations and trading businesses to discussions around Angola’s position in global oil and gas markets.

 




  

Connecting producers and suppliers with customers and markets worldwide, bp Supply, Trading & Shipping sits at the intersection of energy production, transportation and consumption. The company’s participation at AOG 2026 comes as Angola seeks to strengthen its position as a competitive oil and gas producer while maximizing the value generated from its resources.

As one of Africa’s largest oil and gas producers, Angola has set clear objectives to sustain production above one million barrels per day (bpd) while increasing natural gas development and exports. Monthly crude production measured approximately 31 million barrels in June 2026 – equivalent to 1.039 million bpd – while gas production averaged 2,663 million cubic feet per day. During the same period, Angola’s total crude liftings were 34.16 million barrels, of which 33 million barrels were exported and 1.07 million barrels made available for the Luanda refinery.

Looking ahead, Angola strives to bolster output through enhanced recovery and infill drilling at mature assets alongside forays into frontier exploration basins. Recent developments include TotalEnergies extending the life of the prolific Block 32, enabling the continuous development of the assets; Etu Energias advancing appraisal drilling at Block 2/05; Sonangol progressing a redevelopment program at Blocks 3/05 and 3/05A; and Afentra targeting 2026/2027 FID on its Block 3/24 discoveries.

As crude production stabilizes and gas output rises, Angola is gradually positioning itself to play an increasingly central role in global supply chains. As a strategic player in the global market, bp Supply, Trading & Shipping is well-positioned to support this next phase of growth. The business integrates bp’s oil, gas and lower-carbon value chains while providing capabilities spanning commodity trading, supply, logistics, pricing and risk management.

AOG 2026 will examine this entire value chain. The conference brings together policymakers, operators, financiers, service companies and other industry stakeholders to discuss investment opportunities spanning exploration and production, gas, infrastructure, logistics and downstream development.

For bp Supply, Trading & Shipping, the event provides a platform to engage stakeholders around the commercial systems underpinning international energy trade. As Gold Sponsor, the company is expected to contribute a global market perspective to conference discussions, reinforcing the importance of trading, shipping and integrated supply chains to Angola’s continued development as a major African energy producer.

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

 




 

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