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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.

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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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