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In the Energy Transition Era, Africa Should Prioritize its Own Development

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MSGBC

Speaking during the closing Ministerial panel of the MSGBC Oil, Gas & Power 2022 conference, regional ministers made a strong case for the need to develop Africa before transitioning to renewables

DAKAR, Senegal, September 3, 2022/APO Group/ — 

Ushering MSGBC Oil, Gas & Power 2022 (https://bit.ly/3a4fuRb) to a triumphant close, the final Ministerial panel of the conference convened under the theme, “The Future of Africa’s Energy: COP27 and the Road Ahead,” presenting a unified African position on energy autonomy and security ahead of the UNFCCC’s 27th Conference of Parties in Sharm El-Sheikh, Egypt at the end of the year.

Speakers included H.E. Sophie Gladima, Minister of Petroleum and Energies of the Republic of Senegal; H.E. Dr. Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers’ Organization; H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of the Republic of Equatorial Guinea; H.E. Bruno Jean-Richard Itoua, President of OPEC and Minister of Hydrocarbons of the Republic of the Congo; Hon. Tom Alweendo, Minister of Mines and Energy of the Republic of Namibia; and Milton Catelin, Secretary General of the International Gas Union. NJ Ayuk, Executive Chairman of the African Energy Chamber, moderated the session. 

During the ministerial panel, speakers emphasized that up until now, climate change policies have largely been dictated by western and environmental organizations, organizations which have failed to consider Africa’s energy crisis.

“There is nothing different from a just transition other than what is already in the Paris Agreement. There is a principle about equity and the ability of countries to transition in the agreement. The developed countries eventually agreed to it. They didn’t like it, but they agreed to it. Let’s talk about what we can do. What we are saying is that we must not be forced to do what will destroy our future and our children. We need energy to sustain our future generation. Those who are responsible for the mess we see today, should be responsible for change,” said H.E. Dr. Ibrahim.

“When somebody is sick, you need to diagnose what is wrong. If you do a bad diagnosis, you will never cure it. I believe that the Paris Agreement was not a good diagnosis,” H.E. Minister Lima expressed, adding that, “I am not pro fossil fuel; I am pro fossil fuel for Africa. Developed nations enjoyed the resource, they contaminated the world, they should be the ones who change their lifestyle. To tell Africa to stop fossil fuels is unfair. I am pro fossil fuels for Africa so that we can develop.”

As such, Africa needs its own Africa-focused approach to mitigating climate change while correspondingly eradicating energy poverty.

Only Africa’s hydropower potential will enable us to cover the needs of people in Africa

“Only Africa’s hydropower potential will enable us to cover the needs of people in Africa. Considering solar, where no one can compute the amount, and if you add gas and wind, Africa is in excess of energy. When you look at policies of Africa in terms of development, energy has never been a priority in Africa. We have never been able to make energy a priority at national level. The difference today is that the discourse we are having is that African should be prioritized. This is the first-time people are talking about this. This is not the Paris Agreement or the energy transition but to make sure the energy potential in Africa is made available to the continent,” H.E. Itoua stated.

According to Hon. Alweendo, “Namibia is developing green hydrogen simply because we have the natural resources to be able to harness it. Green hydrogen is not likely to be the source for electricity. This is mostly for hard to abate industries, the manufacturing and mining. It is more for movement and transportation and not so much for giving electricity to the people. Therefore, gas to power remains part of the solution.”

The crucial importance of aligning African narratives on matters of energy and climate was underlined following yesterday’s Dakar Declaration joint statement endorsed by the ministers, now set to be taken forward to the G7 and G20 summits before finally arriving at COP27.

“People talk about energy transition, but before you talk about it, you need to have energy. The voice of Africa should be heard. We must exploit our resources. Yes, we must think of protecting the planet but we must think of humankind on this continent. Gas has the opportunity to provide fertilizer to feed Africa, should we say no to it? We have to work hand in hand so as to exploit our resources. For COP27, the voice of Africa should be heard. Where decisions are made, Africa must be there,” stated H.E. Gladima.

“Africa is the future for the world. Africa is the hope for the world, it offers solutions and practical considerations around global issues. This continent brings a practical approach to the challenges we face such as climate change. Without having a healthy growing economy, you do not have the inclination of resources or the time to devote to stewardship of the environment. The most robust arguments about the environment are put forward by wealthy countries that have developed economies. Renewables have an important role to play globally, but gas has an important role to play globally and locally. Renewables have an important role but it is only something you can do with a developed economy. In terms of hydrogen, this will be part of the global mix and part of the solution, whether it’s a solution for Africa is a different question. This is a question that needs to be answered by Africa,” stated Catelin.

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

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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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.

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

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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).

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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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