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Libya Energy & Economic Summit (LEES) 2026 Puts Libya’s Energy Scale, Technology and Exploration Ambitions in Focus

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Libya

From drilling strategies to AI-driven production optimization to renewable energy and frontier exploration, the Libya Energy & Economic Summit 2026 showcased Libya’s evolving energy strategy

TRIPOLI, Libya, January 26, 2026/APO Group/ –The second day of the Libya Energy & Economic Summit 2026 in Tripoli sharpened Libya’s energy narrative around scale, long-term ambition and partnership depth. From gas megaproject timelines and AI-led production optimization to renewed exploration momentum and drilling targets for 2026, discussions highlighted the breadth of Libya’s opportunity set across hydrocarbons, renewables and services.

Libya Targets 70–100 Wells in 2026

Libya’s Minister of Oil and Gas announced plans to drill between 70 and 100 oil and gas wells in 2026, reflecting growing upstream activity tied to the country’s licensing round and investment framework. The drilling strategy will be supported by $3–4 billion in anticipated annual investment flows as well as new unified drilling regulations aimed at improving safety, efficiency and coordination across the sector.

Eni Details Timeline for $8B Structures A&E Gas Development

Eni reaffirmed its commitment to Libya’s gas sector, confirming that the $8 billion Structures A&E offshore development remains on track for completion by the end of 2027. Led by Mellitah Oil & Gas – a joint venture between Eni and Libya’s National Oil Corporation (NOC) – the project is expected to add around 750 million standard cubic feet per day of gas, supporting domestic demand while creating export volumes for Europe. Eni also highlighted progress at the Bahr Essalam gas compression project, scheduled to begin operations in early 2026.

SLB Expands AI and Digital Oilfield Deployment

Digital transformation featured prominently as SLB outlined plans to scale AI-driven production optimization and remote monitoring technologies across Libya in 2026. The company said AI-powered ESP surveillance, Lumi data platforms and intelligent stimulation programs are reshaping how mature fields are managed, while supporting Libya’s production targets and zero-flaring objectives. SLB also emphasized its focus on local training, with digital oilfield upskilling programs planned for Libyan engineers.

Mediterranean Deepwater Emerges as Strategic Exploration Focus

Libya’s Mediterranean offshore was positioned as a key frontier for future upstream growth, with the NOC highlighting deepwater exploration as central to unlocking new acreage and broadening international participation. With 11 offshore blocks included in the current licensing round and results expected in February 2026, industry leaders stressed the role of high-quality seismic data, improved subsurface understanding and shorter development timelines in strengthening the investment case for offshore Libya.

PPP Models Frame Renewable Energy Growth

Renewables discussions centered on public-private partnerships as the preferred mechanism to scale Libya’s clean energy ambitions. With a target of 4 GW of renewable capacity by 2035, speakers pointed to flagship projects such as TotalEnergies’ 500 MW Sadada solar plant as anchors for future growth. Panelists emphasized the role of solar and wind in reducing fuel consumption for power generation, while cautioning that clearer legislation and consistent regulatory frameworks will be critical to sustaining investor interest.

NESR Positions for Expanded Role in Libya

Oilfield services provider National Energy Services Reunited said it is seeking to expand its footprint in Libya, supported by more than $100 million in recently secured service contracts across North Africa. The company highlighted its regional growth strategy, technology offering and commitment to local employment through 100% national crews in Libya.

Repsol Flags Exploration-Led Growth from 2026

Delivering a video address at LEES 2026, Repsol signaled a renewed focus on exploration in Libya from 2026, positioning the country’s licensing round as a catalyst for a new growth cycle. At the El Sharara field, Repsol is targeting production of 350,000 barrels per day by end-2026, following record output in 2025, while shifting attention toward new exploration opportunities after years of limited activity.

Exploration, Expansion and the Road Ahead

Across day two of LEES 2026, discussions consistently pointed to a widening and increasingly structured energy opportunity set in Libya. With gas megaproject timelines taking shape, digital technologies reshaping production potential, renewed offshore exploration interest and clearer drilling targets for 2026, the summit positioned Libya as a market defined by scale, long-term optionality and expanding avenues for international partnership across hydrocarbons, services and renewables.

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

Energy

African Ministers Outline Industry Priorities Ahead of African Mining Week 2026

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Energy Capital

African Mining Week will feature high-level panel discussions and project showcases, linking global investors with Africa’s mining sector priorities and lucrative investment and partnership opportunities

CAPE TOWN, South Africa, February 23, 2026/APO Group/ –With the demand for critical minerals projected to quadruple by 2040 and traditional commodities such as gold reaching record highs in 2026, Africa is increasingly positioned at the center of global supply chain strategies and investment flows. The continent hosts the world’s largest reserves of platinum group metals, chrome and manganese – minerals essential to the energy transition and advanced manufacturing. At the same time, the continent remains the leading producer of diamonds and gold, reinforcing its strategic importance to both the global jewelry market and national wealth preservation.

 

Ahead of African Mining Week Conference (AMW), scheduled for October 14–16, 2026 in Cape Town and organized by Energy Capital & Power, the AMW team engaged with African mining ministers and industry stakeholders to identify national priorities shaping the continent’s mining agenda. These discussions highlighted a shared focus on mobilizing capital, strengthening domestic mineral value chains and fostering cross-border collaboration as major economies including U.S, China and Europe secure mineral supply chains.

The Democratic Republic of Congo: Unlocking Investment and Industrialization

The Democratic Republic of the Congo (DRC) is advancing efforts to unlock significant investment into its vast mineral base, estimated at $24 trillion in untapped resources. With approximately 90% of its mineral potential unexplored, the country is prioritizing the development of its estimated 20 billion tons of iron ore reserves. This strategy is closely tied to the establishment of large-scale special economic zones aimed at supporting domestic steel production, industrialization and downstream value addition.

“The DRC is looking for long-term partners who will go beyond production to invest in exploration, infrastructure and workforce development,” stated Louis Watum Kabamba, Minister of Mines, the DRC.

Uganda: Mobilizing Capital for Critical Minerals Development

Uganda is seeking strategic investment partnerships to develop its graphite and rare earth resources.

Agnes Alaba, Uganda’s Commissioner of Mines in the Ministry of Energy and Mineral Development told AMW that the country is also prioritizing local beneficiation to transition from a raw mineral exporter to a producer of higher-value processed mineral products, supporting job creation, industrial growth and export revenue expansion.

Liberia: Advancing Geomapping and Industrial Mining Expansion

Liberia is positioning itself as an emerging industrial mining hub by attracting new investment and advancing nationwide geological mapping initiatives.

“We are inviting geomapping companies to help Liberia unlock its mineral potential. Despite our vast resources, we have not fully explored or mapped what we truly possess. With comprehensive geoscientific data, we will be in a stronger position to negotiate and attract strategic investments,” Matenokay Tingban, Ministry of Mines and Energy, Liberia told the AMW team.

We are privileged to have this collaboration, which plays a crucial role in showcasing our country’s mineral potential

With plans to increase iron ore output to more than 30 million metric tons by 2026, the country is also targeting investment to support downstream processing and diversify into critical minerals, strengthening long-term sector resilience.

South Sudan: Diversifying the Economy through Mining

South Sudan is accelerating mineral exploration and national geomapping programs to identify commercially viable deposits. Losuba Ludoru Wongo, Minister of Mining, South Sudan said the initiative forms part of a broader strategy to diversify the economy beyond petroleum and leverage growing global mineral demand to establish mining as a key pillar of economic growth.

“Energy Capital & Power has been our partner for over a decade, working closely with us to promote our resources and engage the Ministry in accessing international markets. We are privileged to have this collaboration, which plays a crucial role in showcasing our country’s mineral potential,” added Wongo.

Egypt: Strengthening Regional Partnerships and Value Chains

Egypt is prioritizing regional cooperation to advance the development of its potash, gold and phosphate sectors. Yasser Ramadan, Chairman of the Egyptian Mineral Resources and Mining Industries Authority said the country is also focused on strengthening regulatory frameworks, enhancing investment incentives and promoting local value addition to attract international mining companies and accelerate sector growth.

Central African Republic: Advancing Reforms to Unlock Mineral Potential

The Central African Republic is reforming its Mining Code to attract investment and industrialize its mining sector. Rufin Benam-Beltoungou, Minister of Mines and Geology of the Central Africa Republic (CAR) said the country’s untapped deposits of cobalt, lithium, coltan, rare earths and copper have the potential to position the nation as an emerging destination for critical minerals investment.

“CAR is a mining country that, unfortunately, is not well known, although to date we have more than 570 recognized mineral occurrences. The majority of mining projects we have are artisanal projects, hence our mineral potential remains untapped,” stated Benam-Beltoungou.

Kenya: Leveraging Regional Cooperation for Sector Development

Kenya is advancing regional collaboration to strengthen its mining value chain, enhance technical capacity and support local beneficiation. Hassan Ali Joho, Minister of Mining, Blue Economy and Maritime Affairs, Kenya highlighted efforts by the country to build partnerships that promote skills development, industry knowledge transfer and sustainable extractive sector growth.

Aligning Priorities with Africa’s Mining Future

AMW 2026 will serve as a key platform to align these national priorities with global investment opportunities, connecting international investors with African mining projects and facilitating partnerships that support beneficiation, industrialization and sustainable sector growth.

AMW serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2026 conference from October 12-16 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

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

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African Energy Chamber to Lead Delegation to Venezuela

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Energy

The working visit aims to secure concrete investment opportunities and strengthen long-term oil and gas cooperation between Africa and Venezuela

SANDTON, South Africa, February 21, 2026/APO Group/ –The African Energy Chamber (AEC) (https://EnergyChamber.org) will lead a high-level delegation to the Bolivarian Republic of Venezuela on 22 to 26 February 2026 to deepen bilateral oil and gas ties between Venezuela and Africa.

As an honorary member of the African Petroleum Producers Organization, Venezuela has consistently supported Africa in its oil and gas endeavors.

African energy investors will play a role working with their Venezuelan counterparts to rekindle the oil industry in Venezuela

“I am honored to travel to Venezuela to promote our joint interest in making African energy poverty history. African energy investors will play a role working with their Venezuelan counterparts to rekindle the oil industry in Venezuela,” states NJ Ayuk, Executive Chairman of the African Energy Chamber, adding “I look forward to working discussions with our friends and allies in Venezuela to advance our mutually beneficial interest in ensuring global energy security, energy additions and most importantly improving quality of life through energy security.”

The delegation will meet with government officials, business leaders and energy stakeholders to foster bilateral energy trade relations and opportunities for future energy investments.

Distributed by APO Group on behalf of African Energy Chamber.

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Venezuela’s Energy Reopening Sets Stage for First-Mover Investment at Caribbean Energy Week

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Energy Capital

As reforms, sanctions shifts and rising export activity revive Venezuela’s oil sector, Caribbean Energy Week 2026 will spotlight pathways for strategic investment and regional energy collaboration

PARAMARIBO, Suriname, February 20, 2026/APO Group/ –Venezuela’s long-dormant oil and gas sector is rapidly reactivating in early 2026, sharpening the relevance of Caribbean Energy Week (CEW)’s First Mover Advantage in Venezuela’s Frontier session. Recent developments – including a visit by U.S. Energy Secretary Chris Wright to assess the country’s oil-sector overhaul, alongside new U.S. licensing measures enabling foreign companies to handle Venezuelan crude – signal a renewed pathway for commercial engagement with the world’s largest proven oil-reserve base.

Venezuela holds roughly 300 billion barrels of proven oil reserves, a resource endowment larger than any other country, yet decades of sanctions, underinvestment and bottlenecks in output have kept actual production far below potential. Recent shifts suggest a meaningful pivot toward reintegration and growth: expanded U.S. licences are supporting a return of Venezuelan crude to export flows, and global energy companies like Shell are exploring offshore gas projects that could position Venezuela as a Caribbean‑Atlantic gas exporter in the next few years.

Last month, Venezuela enacted oil sector reform laws that roll back state monopolies and open the industry to private and foreign participation, including potential minority ownership and arbitration protections. These changes – driven by interim leadership and influenced by U.S. engagement – mark the most significant overhaul in decades and are designed to attract capital and technical expertise back into the market.

At CEW 2026, the First Mover Advantage in Venezuela’s Frontier session will showcase how these shifts translate into concrete opportunities for investors and operators. With production targets set to rise – Venezuelan output has climbed toward one million barrels per day and could return to pre‑blockade levels by mid‑2026 under expanded licensing frameworks – understanding how to enter early and navigate the regulatory, fiscal and operational environment will be critical.

For Caribbean stakeholders in particular, Venezuela’s strategic location and resource profile make it a potential driver of regional energy security and market stability. Heavy crude from Venezuela’s Orinoco Belt has historically supplied regional refineries and markets, and renewed export flows could support Caribbean demand while enhancing trade linkages with North America and beyond. The session will unpack both short‑term plays – such as crude supply agreements and logistics optimization – and longer‑term strategic partnerships.

Investor interest is also being shaped by geopolitical dynamics. U.S. engagement – including calls by Energy Secretary Wright for a “flood of investment” – underscores Washington’s interest in balanced, commercially viable partnerships. While major U.S. firms like ExxonMobil remain cautious, reforms that reduce state dominance, provide clearer dispute resolution pathways and expand market access are being actively discussed and developed.

CEW 2026 will bring together policymakers, energy company leaders, financiers and regional energy planners to explore these dynamics in depth. Participants will gain insights into how Venezuela’s resource base, evolving legal regime and shifting international engagement can intersect with Caribbean and American commercial interests. For investors seeking first‑mover advantage in hydrocarbons or related energy infrastructure, this forum provides a roadmap for engagement at a pivotal moment in Venezuela’s energy resurgence.

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

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