Connect with us
Anglostratits

Business

Liberia to Launch 2026 Offshore Direct Negotiation Licensing Round in Q4, Liberia Petroleum Regulatory Authority (LPRA) Said at Investor Showcase

Published

on

Liberia

Liberia will launch its 2026 offshore licensing round in Q4, backed by expanded seismic data, technical studies and regulatory reforms

HOUSTON, United States of America, October 1, 2026/APO Group/ –Liberia will launch its 2026 offshore direct negotiation licensing round in the fourth quarter of 2026, with the Liberia Petroleum Regulatory Authority (LPRA) using a Houston investor event to outline acreage opportunities, regulatory terms and data supporting the next exploration cycle.

 




  

The strategy was presented in Houston during Liberia Investor Day, organized in partnership with Energy Capital & Power, where LPRA Director General Marilyn Logan outlined the authority’s mandate, licensing framework and approach to attracting companies with different levels of tactical readiness.

“Frontier exploration requires agreements that can work over time,” Logan said, adding that the process would give companies already familiar with Liberia a route to advance quickly while allowing others time to obtain data and complete technical evaluations.

The system is grounded in the 2014 Petroleum Exploration and Production Act and 2019 amendments. Agreements require joint execution with the Minister of Finance and Development Planning, reinforcing fiscal oversight and regulatory separation.

Frontier exploration requires agreements that can work over time

Liberia enters the campaign after eight deepwater PSCs were awarded and ratified in 2025, generating more than $27 million in signature bonuses and $14.6 million in surface rentals. TotalEnergies is advancing work across LB-06, LB-11, LB-17 and LB-29, while Oranto Petroleum is progressing programs across LB-15, LB-16, LB-22 and LB-24.

Special Envoy for U.S. Trade and Investments for Liberia’s Ministry of Foreign Affairs Isaac E. Taggart Jr. emphasized Liberia’s focus on attracting serious investors and strategic partners to develop its petroleum sector. The country, he said, is seeking to move “from potential to execution” through capital, technology and long-term partnerships.

During the showcase, TGS announced that data coverage of up to 44,800 km2 across the Liberia and Harper Basins is being designed for frontier imaging, spanning deep- and ultra-deep environments. Business Development Manager Johnny Chigbo said, “access to data is the key to unlocking prospectivity,” with wide-tow acquisition, long offsets and frontier-imaging technology supporting exploration decisions.

The portfolio includes more than 50,000 line-km of 2D seismic and 31,000 km2 of 3D data.

TGS Geoscience Director Henri Houllevigue said Liberia’s petroleum system was proven by Narina oil discoveries in Upper and Lower Cretaceous plays. The basin architecture includes Early Cretaceous syn-rift structures and late Cretaceous basin-floor fans, creating multiple exploration targets.

The showcase also featured presentations by Core Laboratories and KC Geoscience Consulting, adding shallow-water analysis. Core Laboratories Vice President Joe Ramoin said Liberia has “a lot of data to reduce the risk and uncertainty,” while Geoscience Advisor Karen Carlson said KC is targeting “missed exploration plays” in shallow-water areas that have seen little activity for more than 40 years. The data and technical work presented in Houston are expected to support investor evaluation ahead of the Q4 licensing round, strengthening Liberia’s case as companies assess its next offshore exploration opportunities.

The Launch of the Liberia 2026 Offshore Direct Negotiation Licensing Round – organized by Energy Capital and Power – will take place at African Energy Week (AEW) 2026 on October 14 at The Orchid, CTICC 2. Visit, https://apo-opa.co/4xSJWms for more information.

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

 




 

Business

African Energy Leaders Call for Action on South-South Oil and Gas Partnerships

Published

on

African Energy Chamber

At AEW 2026, industry representatives from Africa and the Caribbean say joint ventures, enforceable local-content rules and regional financing are needed to turn petroleum resources into domestic industrial growth

CAPE TOWN, South Africa, October 17, 2026/APO Group/ –African and Caribbean energy leaders called for stronger cross-border investment, technology transfer and enforceable local-content requirements to ensure emerging oil and gas producers capture more value from their resources during the session South-South Energy Partnership: Advancing Africa’s Oil and Gas Future in 2026 at African Energy Week (AEW) 2026 in Cape Town.

 




 
 

Ndapwilapo Selma Shimutwikeni, CEO, RichAfrica Consultancy, said partnerships could accelerate skills development.

“From a business perspective, we need to build partnerships that encourage joint ventures between experienced countries and emerging countries like Namibia,” she said. “We need to look beyond just oil production and actually look at the entire value chain.”

Building on Shimutwikeni’s remarks, Gilbert Yevi, Lead Consultant, Grenada Hydrocarbon Technical Working Group, called for partnerships that share risks and benefits rather than simply replace one source of financing with another.

We want cooperation and a collaboration in risk sharing, skill sharing, and sharing in the benefits

“We want cooperation and a collaboration in risk sharing, skill sharing, and sharing in the benefits,” he said.

Yevi also advocated regional training centers to pool expertise and help emerging producers access established industry capabilities.

Expanding on the topic of local content, Eric Williams, Principal Consultant and President, Royal Triangle Energy Solutions, said policies must be linked to a broader national development strategy, using petroleum resources to build domestic industries rather than focusing solely on exports.

“The Trinidad model is about using the molecules to develop the country,” he said, arguing that this vision should shape negotiations with upstream investors and the terms of petroleum contracts.

Omar Farouk Ibrahim, Regional Chair for Africa, World Energy Council, said national sovereignty concerns continued to limit practical regional cooperation, despite public commitments to collaboration.

“The first question they ask is: ‘Will the industry be in my territory?’ If it’s not, why should I? And for as long as we have this mentality, believe me, this cooperation and collaboration we’re talking about will just be theory,” he said.

Across the discussion, speakers emphasized that cooperation must translate into financing, enforceable commitments and local capabilities that endure beyond individual projects.

Distributed by APO Group on behalf of African Energy Chamber.

 




 

Continue Reading

Business

Nigeria NOW! opens its project boardrooms to global investors in Abuja

Published

on

Nigeria

With Nigeria’s annual mining revenue up more than tenfold to above N70bn, Nigeria NOW! brings global investors to Abuja on 19 and 20 November, where the Minister of Solid Minerals Development is Chief Host

First and foremost all international investors coming to Abuja should understand that Nigeria is ready and open for business

LONDON, United Kingdom, October 21, 2026/APO Group/ –Platinum group metals, gold, nickel, copper, lithium and rare earth elements lie together in one mineral province in Kaduna State, which the Minister of Solid Minerals Development announced in June as world-class and the Nigerian Geological Survey Agency has verified. The Ministry opens its doors to global investors at Nigeria NOW!, held at the Bola Ahmed Tinubu International Conference Centre in Abuja on 19 and 20 November.

 




  

Processing is following the discoveries, as lithium facilities of $600m in Nasarawa State and $200m near Abuja sit alongside a $400m rare earth processing project in Nasarawa, and mining lease applicants must now submit value-addition plans. Annual mining revenue has risen from about N6bn before the current administration to more than N70bn by the end of 2025.

The routes to export markets are moving too, as the Federal Executive Council has approved deep seaports at Bakassi and Ondo as public-private partnerships, with the Bakassi port alone valued at $2.27bn.

With a month to go, investors and developers travelling to Abuja will meet these projects at close quarters. In investor boardrooms, the Government of Nigeria will review specific projects in depth, from large-scale infrastructure to multilateral programmes such as Mission 300.

Speaking to Energy News Network in September, Tunde Arisekola, Senior Advisor, Geological and Minerals Information at the African Minerals Development Centre, who joins the minerals session on the first day, said that “first and foremost all international investors coming to Abuja should understand that Nigeria is ready and open for business”. In the same interview he described Nigeria’s economy as “stable, safe, peaceful and welcoming to all international investors”.

The programme opens with a welcome from the Chief Host, H.E. Dr Oladele Henry Alake, Minister of Solid Minerals Development, followed by sessions on how the Ministry of Power will drive capacity into Nigeria’s industrial hubs and on the policies opening the minerals sector to foreign investment, including domestic processing and value addition. The second day turns to the pipeline of transport and port infrastructure and the $1bn Domestic Green Bond, and closes with an investors’ clinic on the 2025 Tax Act.

Lagos State Government, a Nigeria NOW! partner, now regulates its own electricity market after NERC transferred oversight to the Lagos State Electricity Regulatory Commission. Hon. Biodun Ogunleye, Lagos State Commissioner for Energy and Mineral Resources, told Energy News Network that “capital follows bankable cashflows”. The state’s job, he said, is “to create both the infrastructure plan and the commercial architecture that makes that plan financeable”.

On Friday 20 November, YES! Nigeria runs alongside the main programme under the theme “Empowering Today’s Entrepreneurs, Building Tomorrow’s Industrialists”. Abuja University and Philomath University are partners, and the Youth Sustainable Development Network is Community Partner. Its opening session hands the stage to young Nigerians already at work in the sector, among them Damilola Hamid Balogun of YSDN and Emmanuel Terwase of Boost Power.

Nigeria NOW! is held under the patronage of the Minister of Solid Minerals Development, with the Lagos State Government, the Nigerian Indigenous Women in Mining & Natural Resources Organisation, Women in Mining, Nextier and The Electricity Hub as partners.

Distributed by APO Group on behalf of EnergyNet Ltd..

 




 

Continue Reading

Business

Global Islamic finance industry assets to reach US$10.5 trillion by 2030 as adoption broadens

Published

on

Global Islamic finance

The report draws on the Islamic Finance Development Indicator (IFDI), a global benchmark that assesses the development of the Islamic finance industry across 140 countries through five key areas, Financial Performance, Governance, Sustainability, Awareness, and Knowledge

For ICD, these developments reinforce the importance of ensuring that Islamic finance serves as a practical instrument for inclusive and sustainable economic transformation

KUALA LUMPUR, Malaysia, October 21, 2026/APO Group/ –LSEG, in collaboration with the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), the private sector arm of the Islamic Development Bank (IsDB) Group, today announced the results of the 2026 edition of the Islamic Finance Development Report at the Kuala Lumpur Islamic Finance Forum (KLIFF) in Malaysia.

 




  

Key findings of the report include:

  • The global Islamic finance industry maintained a strong growth trajectory in 2025, with total assets reaching US$6.5 trillion, up 9% year-on-year. Growth was supported by the continued expansion in Islamic banking, record sukuk issuance, strong Islamic fund performance, and new regulatory frameworks.
  • Malaysia, Saudi Arabia, the United Arab Emirates, Indonesia, and Pakistan retained their positions as the world’s most developed Islamic finance markets. These countries continued to benefit from comprehensive regulation, strong institutional development, active financial markets, and well-established knowledge ecosystems.
  • Several markets recorded notable gains in performance, including Türkiye, Tanzania, Kenya, Benin, Azerbaijan, and Uzbekistan, highlighting the growing momentum across both established and emerging Islamic finance markets.

The report also identified several structural trends that are shaping the industry’s development. Regulatory reforms and stronger market infrastructure are supporting growth beyond core markets, particularly across Africa and Central Asia. Sustainability guidelines are increasingly prioritised, although activity remains concentrated in developed markets. Digitalisation is also advancing, with FinTech, open banking, and tokenised sukuk influencing financing, issuance, and settlement while widening access to financial products. However, talent development is lagging industry expansion, emphasising the need for stronger specialist education.

Khalid Khalafalla, Acting Chief Executive Officer of ICD, said: “For ICD, these developments reinforce the importance of ensuring that Islamic finance serves as a practical instrument for inclusive and sustainable economic transformation. ICD remains committed to advancing private-sector development across its member countries through targeted financing and the promotion of Islamic financial solutions.”

Mustafa Adil, Head of Islamic Finance, LSEG, added: “Looking ahead, global Islamic finance assets are projected to exceed US$10.5 trillion by 2030, supported by continued Islamic banking expansion, growing sukuk issuance momentum, emerging-market adoption and demand for sustainable and digital financial solutions.”

The report draws on the Islamic Finance Development Indicator (IFDI), a global benchmark that assesses the development of the Islamic finance industry across 140 countries through five key areas, Financial Performance, Governance, Sustainability, Awareness, and Knowledge. It provides a holistic view of the global Islamic finance landscape, measuring progress in alignment with Islamic principles and supporting stakeholders in identifying opportunities for growth and reform.

Read full report: Link (https://apo-opa.co/3TTw9yq)

Distributed by APO Group on behalf of Islamic Corporation for the Development of the Private Sector (ICD).

 




 

Continue Reading

Trending