Connect with us

Business

IHS Markit Enters Agreement with African Energy Week in Cape Town

Published

on

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.

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

Published

on

Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, 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/4hkvteE).

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

Continue Reading

Business

Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

Published

on

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

Continue Reading

Business

Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

Published

on

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.

 

Continue Reading

Trending

Exit mobile version