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IHS Markit Enters Agreement with African Energy Week in Cape Town

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Under the terms of the agreement, the global information provider, now a part of S&P Global, will support and moderate a number of roundtable discussions and webinars both at, and leading up to, African Energy Week

JOHANNESBURG, South Africa, March 29, 2022/ — IHS Markit and the African Energy Chamber (AEC) (www.EnergyChamber.org) have signed an agreement aimed at supporting and strengthening energy-related dialogue at the AEC’s annual energy summit, African Energy Week (AEW). With the 2022 edition of AEW taking place from October 18-21, the agreement will be instrumental in building a narrative, improving discussions and defining topics to be held at AEW year on year.

Under the terms of the multi-year agreement, IHS Markit will take on a proactive role to lead important energy related discussions in Africa together with the AEC during the 2022, 2023 and 2024 editions of the AEW event. Specifically, the information provider will moderate panels on key topics, backed by fundamental top-notch research and present technical sessions at AEW. These sessions will be based on key issues driving energy globally, such as recent discoveries and what they could mean for development of the countries in question; infrastructure led exploration, the benefits and limitations; decarbonizing oil production in Africa and what is currently being done; exploration risk beyond geology; and strategies not currently employed in Africa that may add short cycle barrels with limited investment.

In addition to technical sessions, IHS Markit will offer training analytics workshops as part of the AEW program. These workshops will cover price formulation and the role of S&P Global commodity insights in energy markets; crude oil/refined product pricing and benchmarks; what is a benchmark and why use a benchmark and oil and gas market forecasts. IHS Markit will also support the event through the launch of three focused webinars hosted in collaboration with the AEC. These webinars serve as a form of prelude to AEW and will offer live question and answer sessions as well as market-driven discussions. As the AEC looks to strengthen African energy dialogue, these webinars will prove critical in the build up to the highly anticipated, Africa-focused event.

“The AEC is proud to have signed this agreement with one of the leading global information providers, IHS Markit. This agreement will be critical for both improving and strengthening information surrounding Africa’s multi-faceted energy industry. AEW 2022, and every other edition thereafter is solely focused on accelerating the development of the continent’s energy resources so as to make energy poverty history by 2030. The information provided by IHS Markit, particularly through the organizations planned webinars and workshops, will not only inform current African stakeholders and investors but future ones,” states Verner Ayukegba, Senior Vice President, African Energy Chamber.

Delivering data, technology and expertise that power the markets of the future, IHS Markit has been established as a global leader in information, analytics and solutions for the major industries and markets that drive economies worldwide, such as commodities and energy. The information provider covers the entire energy value chain, with a key focus placed on upstream oil and gas; oil markets, midstream and downstream; energy climate and sustainability; chemicals and agribusiness. IHS Markit is centered around reshaping both global and African markets, and is actively informing and strengthening dialogue on key markets in sub-Saharan Africa including Namibia, Angola, Nigeria, South Africa, Mozambique, the Congo, the Democratic Republic of the Congo, South Sudan, Senegal, Equatorial Guinea, Nigeria, the Gambia, Guinea-Bissau, Guinea-Conakry, Zimbabwe, Zambia and many more.

Regarding upstream markets, IHS Markit emphasizes the role of oil and gas in shaping Africa’s energy future and is committed to being the premier information source in this regard. The organization delivers actionable intelligence centered around the optimization of investments, and thus, represents the primary point of contact for governments and corporation as they move to realize the full potential of their investments while driving frontier exploration. Notably, through a series of blogs and analysis, events and webinars – such as the Africa upstream strategy series focused on maximizing value and optimizing costs in a capital-constrained world -, podcasts and research, IHS Markit is well positioned to guide Africa’s upstream, midstream and downstream market players as they navigate the continent’s diverse energy sector.

Meanwhile, IHS Markit represents one of the only organizations that unites comprehensive data, expertise and digital tools that assist customers to make informed decisions about the energy transition and climate goals. Backed by an eco-system of data-driven ESG and climate-focused products and services, IHS provides analytics, models, benchmark indices, research and consulting with the aims of connecting industries, lead climate and sustainability dialogue, and drive the transition to a cleaner future. In this regard, IHS Markit’s knowledge and expertise will be fundamental at AEW 2022, where the Africa Green Energy Initiative will take place. As such, the organization holds key insight into Africa’s energy sector, and thus, will be instrumental for the AEC’s organization of the continent’s premier energy event, AEW 2022.


Distributed by APO Group on behalf of African Energy Chamber.

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Genesis Energy Chief Executive Officer (CEO) to Discuss Energy Expansion at Congo Energy & Investment Forum

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January 20, 2025

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Genesis Energy

Akinwole Omoboriowo II will discuss Genesis Energy’s plan to deliver 10.5 GW of power across Africa, highlighting how Nigeria’s power sector experience can inform the development of the Republic of Congo’s domestic energy grid and gas export potential

BRAZZAVILLE, Republic of the Congo, January 20, 2025/APO Group/ — 

Akinwole Omoboriowo II, CEO of Genesis Energy, will speak at the Congo Energy & Investment Forum (CEIF) in Brazzaville this March, where he will discuss the company’s plans to deliver 10.5 GW of power across Africa, with a focus on energy initiatives that align with the Republic of Congo’s energy development goals.

Genesis Energy is driving transformational power projects, including providing 334MW to the Port Harcourt Refinery in Nigeria and plans to produce 1 GW within the WAEMU region. In October 2024, Genesis and BPA Komani announced their strategic partnership to mobilize capital and facilitate critical infrastructure projects focused on renewable energy, particularly Battery Energy Storage Systems across Africa. Additionally, Genesis’ recent MOU with the U.S. Agency for International Development will mobilize $10 billion for green energy and renewable projects, supporting Africa’s transition to a sustainable energy future.

The inaugural Congo Economic and Investment Forum, set for March 25-26, 2025 in Brazzaville, will bring together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. The event will explore the latest gas-to-power projects and provide updates on ongoing expansions across the country.

During CEIF 2025, Omoboriowo will explore how Genesis’ successful energy infrastructure development projects in Africa, combined with private sector innovation, can guide the Republic of Congo in strengthening its energy security and achieving its decarbonization goals. By leveraging its expertise in clean energy and strategic partnerships, Genesis Energy is poised to play a key role in helping the Republic of Congo harness its energy potential and expand its regional energy influence.

The Republic of Congo’s renewable energy sector is in a phase of growth, with increasing interest in solar, hydro and wind energy projects. Battery energy storage capacities are also gaining traction as a vital component of the country’s energy infrastructure, helping to balance supply and demand. The government is focusing on diversifying its energy mix to reduce dependency on fossil fuels and enhance grid reliability. Looking ahead, the Congo aims to expand its renewable energy capacity and integrate storage solutions to meet growing domestic and regional energy needs while supporting environmental sustainability.

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

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Eni, TotalEnergies Announce New Exploration Projects in Libya

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7 hours ago

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January 20, 2025

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National Oil Corporation

Eni is launching three exploration plays, TotalEnergies is expecting promising results from its recent onshore exploration project, and other developments were shared during an upstream IOC-led panel at the Libya Energy & Economic Summit

TRIPOLI, Libya, January 19, 2025/APO Group/ — 

Libya’s National Oil Corporation (NOC) and international energy companies TotalEnergies, Eni, OMV, Repsol and Nabors outlined key exploration milestones and strategies to advance oil and gas production in Libya at the Libya Energy & Economic Summit 2025 on January 18.

Among the key developments highlighted were TotalEnergies’ recent onshore exploration project and promising exploration opportunities in the Sirte and Murzuq basins.

“With 40% of Africa’s reserves, Libya remains largely untapped,” said Julien Pouget, Senior Vice President for the Middle East and North Africa at TotalEnergies. Pouget shared TotalEnergies’ plans for 2025, including the completion of an onshore exploration project and new exploration in the Waha and Sharara fields. “We expect results next week,” he added.

Luca Vignati, Upstream Director at Eni, echoed optimism for Libya’s potential and outlined the company’s ongoing investment initiatives in the country. “We are launching three exploration plays – shallow, deepwater and ultra-deep offshore. No other country offers such opportunities,” Vignati stated. He also highlighted the company’s investments in gas projects, including over $10 billion for the Greenstream gas pipeline and a CO2 capture and storage plant in Mellitah.

Repsol affirmed its commitment to advancing exploration in Libya, focusing on overcoming industry challenges and achieving significant production milestones.

We have 48 billion barrels of discovered but unexploited oil, with total potential estimated at 90 billion barrels, especially offshore

“Over the past decade, Libya has made remarkable efforts to fight natural field decline and encourage exploration,” said Francisco Gea, Executive Managing Director, Exploration & Production at Repsol. “We have reached 340,000 barrels per day. The two million target is within reach, and as international companies, we have the responsibility to bring capacity and technology.”

“Innovation is key to maximizing production and accelerating exploration. By deploying cutting-edge solutions, Nabors can enhance efficiency, reduce costs and ensure safer operations,” added Travis Purvis, Senior Vice President of Global Drilling Operations at Nabors.

Bashir Garea, Technical Advisor to the Chairman of the NOC, highlighted the country’s immense oil and gas potential. “We have 48 billion barrels of discovered but unexploited oil, with total potential estimated at 90 billion barrels, especially offshore,” he said. He also pointed to Libya’s sizable gas reserves, noting, “Libya has 122 trillion cubic feet of gas yet to be developed. To unlock this potential, we need more investors and new technology, particularly for brownfield revitalization.”

“Our strategy spans the entire value chain. Strengthening infrastructure is essential to maximizing production and efficiency,” said Hisham Najah, General Manager of the NOC’s Investment & Owners Committees Department.

NJ Ayuk, Executive Chairman of the African Energy Chamber and session moderator, underlined Libya as a prime destination for foreign investment: “Libya is at the cusp of a new energy era. The time for bold investments and strategic partnerships is now.”

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

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Libya’s Oil Minister: Brownfields, Local Investment Key to 2M Barrels Per Day (BPD) Production

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January 20, 2025

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Libya’s Oil & Gas Minister outlined plans to boost production to 1.6 million bpd in 2025 and 2 million bpd long-term, with brownfield development and local investment at the core, during the Libya Energy & Economic Summit

TRIPOLI, Libya, January 19, 2025/APO Group/ — 

Libya is setting its sights on boosting oil production to 2 million barrels per day (bpd) within the next two to three years, with brownfield development and local investment identified as critical drivers of this growth. Speaking at the Libya Energy & Economic Summit (LEES) in Tripoli on Saturday, Minister of Oil and Gas Dr. Khalifa Abdulsadek outlined the country’s strategy to reach 1.6 million bpd by year-end and laid the groundwork for longer-term growth.

“There are massive opportunities here, massive fields that have been discovered, but a lot of fields have fallen between the cracks,” stated Minister Abdulsadek during the Ministerial Panel, Global Energy Alliance – Uniting for a Secure and Sustainable Energy Future. “We want to make sure local oil companies take part. We also want to leverage the upcoming licensing round to support our planned growth in the oil sector.”

The minister’s remarks were complemented by a strong call for international participation in Libya’s upcoming licensing round, signaling the government’s commitment to fostering collaboration and maximizing the potential of its energy sector.

Highlighting Libya’s vast natural gas potential – with reserves of 1.5 trillion cubic meters – Mohamed Hamel, Secretary General of the Gas Exporting Countries Forum, stressed the need for enhanced investment in gas projects. He pointed to ongoing initiatives like the $600 million El Sharara refinery as opportunities to stimulate economic diversification.

There are massive opportunities here, massive fields that have been discovered, but a lot of fields have fallen between the cracks

“Natural gas is available,” Hamel stated, adding, “It is the greenest of hydrocarbons and we see natural gas continuing to grow until 2050.”

The panel also tackled the global energy transition, emphasizing Africa’s unique challenges and the need for the continent to harness its resources to achieve energy security. Dr. Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers Organization (APPO), underscored the critical need for finance, technology and reliable markets to drive progress.

“At APPO, we have noted three specific challenges for the African continent. Finance, technology and reliable markets,” he stated, questioning whether Africa can continue to depend on external forces to develop its resources.

As one of Africa’s top oil producers, Libya holds an estimated 48 billion barrels of proven oil reserves. The country’s efforts to expand production, attract investment and drive innovation are central to the discussions at LEES 2025. Endorsed by the Ministry of Oil and Gas and National Oil Corporation, the summit has established itself as the leading platform for driving Libya’s energy transformation and exploring its impact on global markets.

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

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