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Kosmos Energy Pursuing Equal Partnership Structure for Yakaar-Terenga Project, MSGBC Conference Highlights

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Kosmos Energy

A panel discussion on the first day of the MSGBC Oil, Gas & Power 2023 conference – which is organized by Energy Capital & Power – featured updates with regards to the respective natural gas projects underway across the region

NOUAKCHOTT, Mauritania, November 21, 2023/APO Group/ — 

Global energy major Kosmos Energy announced that the company is seeking an equal partnership structure for the Yakaar-Teranga natural gas project during the MSGBC Oil, Gas & Power 2023 conference this week.

Having recently assumed operatorship from bp and in a panel discussion titled, The Balancing Act: Hydrocarbons and the Energy Transition, the company shared that it is committed to working with Mauritania to unlock the full benefits of the project for the local economy.

The announcement was made by Khady Ndiaye, Vice President & Senegal Country Manager, Kosmos Energy, who stated that, “For Yakaar-Teranga, we are thinking about a partnership whereby all partners have equal participation in the project, with Petrosen being the party with the highest shares. The idea is to promote the new part of partnership where the National Oil Company (NOC) will be able to showcase its capabilities and develop new skills.”

The panel discussion featured a discussion on how the monetization of oil and gas resources stands to play a central part in strengthening the region’s capacity to transition to a cleaner energy future. Speakers underscored the region’s desire to industrialize and develop, promoting the various projects underway that promise new opportunities for universal access and economic growth.

For The Gambia, a market which is vastly underexplored, Cany Jobe, Director of Exploration and Production at the Gambia National Petroleum Corporation, explained that they are “doing all we can both above and below ground to make exploration more effective in The Gambia. We have tweaked our fiscal terms to implement a sliding scale royalty. We have also reverted back to a direct negotiation strategy and hope this will encourage investors and partners to come to the table.”

For Yakaar-Teranga, we are thinking about a partnership whereby all partners have equal participation in the project, with Petrosen being the party with the highest shares

Similarly, Guinea-Conakry has implemented measures to attract investment. The country established the NOC, SONAP, in 2021 and is looking for partners to conduct exploration.

“The transitional government aims to highlight all natural resources, leading to the creation of the NOC, SONAP. We have acquired 2D and 3D data technologies. With these advancements and investments, we may catch up with the delay [in exploration] in two to three years,” stated Dr. Mohamed Bangoura, National Director of Hydrocarbons, Ministry of Energy, Hydraulics and Hydrocarbons, Guinea-Conakry. 

Following the discovery of major oil and gas deposits in the offshore MSGBC waters, countries to the likes of Mauritania and Senegal kickstarted major projects under efforts to develop and monetize resources. The 2.3 million-ton-per-annum Greater Tortue Ahemyim project and the 100,000 barrel-per-day Sangomar oilfield development are getting ready for first production in 2024, with a strong slate of other projects gradually progressing. One of the most anticipated of these is the BirAllah development in Mauritania, which targets gas for domestic utilization.

Moustapha Bechir, General Director of Hydrocarbons at Mauritania’s Ministry of Petroleum, Mines and Energy, explained that the country “is in the process of preparing for Final Investment Destination [for BirAllah] and plans to produce gas by 2030.” He added that the Ministry is engaging with the Joint Venture partners on “how we can meet this target and design the project for the domestic market and domestic needs, and ensure that we can make this project compete in the current market.”

While the region is gearing up for an abundant supply of domestic oil and gas, climate change is causing growing concerns for regional countries, underscoring the need to implement low-carbon solutions. As such, focus has shifted towards decarbonization as first production nears. Countries across the region are adoption strategies to facilitate a transition while prioritizing the needs of the population.

Papa Samba Ba, Director of Hydrocarbons, Ministry of Petroleum and Energies, Senegal, remarked that, “Our country has developed a balanced transition strategy, leveraging extractive resources, complemented by an increase in our renewable resources. This enables us to address various challenges and be present at the forefront of these issues.”

Taking place in the Islamic Republic of Mauritania’s capital city of Nouakchott on 21-22 November, the MSGBC 2023 conference and exhibition serves as the only event dedicated to energy development in the MSGBC region. The event takes place under the theme, ‘Scaling Energy Opportunities in Africa’s New Frontier’, and is held under the patronage of H.E. Mohamed Ould Cheik Ghazouani, President of the Islamic Republic of Mauritania, and in partnership with the Ministry of Petroleum, Mines and Energy; the Société Mauritanienne des Hydrocarbures (SMH); Petrosen; COS Petrogaz; and the African Energy Chamber.

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

Business

SLB commissions new fluids systems plant in Pemba to support Mozambique’s offshore energy development

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Mozambique

New facility expands in-country drilling and completion fluids capability, advancing the next phase of SLB’s growth in Mozambique

PEMBA, Mozambique, October 9, 2026/APO Group/ –SLB (NYSE: SLB) (www.SLB.com) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s offshore activity grows and its role as a strategic energy hub for East Africa continues to expand.

The commissioning of the plant, also known as a liquid mud plant, coincides with SLB marking 70 years of operations in Mozambique. It reflects the company’s long-term commitment to investing in people, infrastructure and capability that support the country’s long-term offshore energy development plans.

 




  

With an initial storage capacity of 21,000 barrels, the liquid mud plant provides a scalable platform for future growth, supporting multiple customers and rising offshore activity while improving logistics and enhancing operational flexibility.

As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions

“As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions,” said Miguel Baptista, Central, East and Southern Africa, Managing Director, SLB. The new liquid mud plant strengthens local energy infrastructure, expands opportunities for local content development, and enhances our ability to support customers as they deliver some of Africa’s most significant offshore energy resources.”

The liquid mud plant project was delivered with strong local participation and that momentum is expected to continue into operations. During project delivery, more than 100 jobs were created in Pemba with nationals representing 80% of the workforce, reflecting a focus on building local capability.

The project was delivered with a strong focus on safety, operational integrity, and quality, achieving more than 67,000 hours worked without a recordable safety incident.

This key infrastructure strengthens SLB’s ability to support consistent service quality and enhance supply chain readiness for increasing offshore activity across Mozambique, supporting customers execute safely and efficiently while developing local skills and expertise.

Key Points:

  • SLB has commissioned a new fluids system plant in Pemba, expanding in-country drilling and completion fluids capability for offshore operations.
  • With an initial storage capacity of 21,000 barrels, the facility provides a scalable platform to support growing offshore activity in Mozambique.
  • The investment marks the next phase of SLB’s growth in Mozambique, strengthening local capability and supporting long-term offshore energy development.

Distributed by APO Group on behalf of SLB.

 

 




 

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South African Energy Storage Association (SAESA) welcomes 4,600 MW battery storage prioritisation and calls for integrated energy planning

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Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply

JOHANNESBURG, South Africa, October 9, 2026/APO Group/ –The South African Energy Storage Association (SAESA) (www.SAESA.org.za) welcomes the prioritisation of 4,600 MW of battery energy storage under the first Integrated Resource Plan (IRP) 2025 Section 34 determination.

 




  

The timing is significant. Recent Integrated Energy Plan (IEP) modelling and assumptions discussions highlighted a fundamental shift that South Africa’s energy planning now needs to capture: we cannot plan the future power system by counting megawatts of generation alone.

We must plan for when energy is available, where it is available, how it moves through a constrained grid and how it is stored and dispatched when the system needs it most.

The announcement reinforces that shift. Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply.

For SAESA, the message for the IEP is clear: storage, flexibility and system services must be modelled as integral components of South Africa’s future electricity architecture, with their contribution considered from the outset of generation planning.

“The IEP must plan the power system we are becoming, not simply model the power system we have inherited,” says SAESA.

The IEP must plan the power system we are becoming, not simply model the power system we have inherited

Partnership with C&I Energy + Storage Summit

SAESA is an association partner of the C&I Energy + Storage Summit, created by VUKA Group, taking place on 28–29 October 2026 at The Maslow Hotel, Sandton, Johannesburg.

The summit brings together commercial and industrial energy users, project developers, financiers, regulators and solution providers to explore practical approaches to energy security, procurement and storage deployment.

For businesses assessing how storage can support their operations, the event offers an opportunity to meet SAESA and engage with the wider energy community on the decisions shaping South Africa’s evolving electricity system.

Commercial and industrial energy decision-makers are invited to apply to attend as hosted buyers. Qualifying buyers receive complimentary summit access and curated opportunities to engage with industry partners.

 

Meet SAESA at C&I Energy + Storage Summit: Join the Hosted Buyer Programme

The Hosted Buyer Programme connects commercial and industrial energy decision-makers with solution providers shaping South Africa’s evolving private energy market.

Qualified energy buyers receive complimentary access to the summit and curated engagement with industry partners exploring energy procurement, storage deployment and project development.

Apply for the Hosted Buyer Programme (https://apo-opa.co/4ehLijJ)

Distributed by APO Group on behalf of VUKA Group.

 




 

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Afreximbank welcomes launch of Africa Credit Rating Agency as an important step in strengthening Africa’s financial architecture

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Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets

PORT LOUIS, Mauritius, October 8, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes today’s launch of the Africa Credit Rating Agency (AfCRA), an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible, independent analysis of African credit risk.

 




 
 

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses can finance development. It is therefore essential that assessments of African credit risk are independent, rigorous and evidence-based, while reflecting a complete understanding of the structures, institutions and economic realities being assessed.

The establishment of AfCRA adds an important African-led source of credit opinion to the market. Its value will not be measured by whether it produces more favourable ratings, but by the credibility of its analysis, the quality of its data and transparency of its methodology, and its ability to deepen understanding of African sovereigns, sub-sovereigns and corporate credit.

This is particularly important given that many African issuers remain unrated, while local-currency and sub-sovereign markets continue to have limited rating coverage. Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets.

AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans

Alongside fellow members of the Alliance of African Multilateral Financial Institutions (AAMFI), Afreximbank has consistently maintained that African Multilateral Financial Institutions should be assessed on the basis of their fundamentals, performance, legal frameworks, mandates and operating models. Ensuring that these institutional characteristics are properly understood is essential to achieving informed, balanced and credible assessments of African risk.

Commenting on the uniqueness of the African market, and need for AfCRA’s rating methodology to reflect this, Mr Denys Denya, Senior Executive Vice President, Afreximbank, said: “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere — it must build a unique identity that conforms to an ‘African best practice.”

Highlighting the need for the autonomy of the Africa Credit Rating agency as it takes off, Mr Denya added: “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix.”

AfCRA should therefore be seen as complementary to existing international and regional rating agencies, broadening the range of credible analysis available to investors and issuers while strengthening competition, transparency and analytical capacity within Africa’s credit markets.

As Africa seeks to mobilise the scale of capital required for industrialisation, trade, infrastructure and economic transformation, credible African institutions that improve information, strengthen market confidence and deepen the continent’s financial markets will become increasingly important.

Afreximbank congratulates the African Union, the African Peer Review Mechanism (APRM) and all those involved in bringing AfCRA from concept to launch, and looks forward to the contribution the Agency will make to deeper, more transparent and more efficient African capital markets.

Distributed by APO Group on behalf of Afreximbank.

 




 

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