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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

Venezuela Global Investment Forum to Showcase Major Investment Opportunities at African Energy Week (AEW) 2026

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African Energy Chamber

The forum will strengthen investment ties between Venezuela and Africa while advancing South-South energy cooperation

CAPE TOWN, South Africa, August 7, 2026/APO Group/ –The Venezuela Global Investment Forum will take place during African Energy Week (AEW) 2026 in Cape Town from October 12 -16, bringing together senior Venezuelan government officials, national oil company leadership, international energy executives, financiers and commodity traders to showcase one of the world’s most significant energy market reopening while creating a direct pathway for global investment into Venezuela’s rapidly evolving hydrocarbons sector.

 

Organized as a flagship feature of AEW 2026, the Venezuela Global Investment Forum underscores the growing momentum behind the country’s energy sector reforms and its renewed engagement with international investors. More than a traditional conference session, the Forum will connect investors directly with bankable upstream, natural gas, infrastructure and power opportunities by showcasing Venezuelan projects alongside some of Africa’s largest energy developments in the AEW Deal Room.

Following sweeping reforms to the country’s Organic Hydrocarbons Law earlier this year, Venezuela has introduced one of its most comprehensive investment overhauls in decades. The reforms expand opportunities for private operators, establish new production participation contracts, introduce more competitive fiscal terms and strengthen international arbitration mechanisms aimed at reducing investment risk and restoring confidence among international capital providers.

Venezuela is opening a new chapter for its energy industry

“Venezuela is opening a new chapter for its energy industry. The reforms underway are creating a more competitive and attractive investment environment and the Venezuela Global Investment Forum at AEW 2026 provides the ideal platform for international investors to engage directly with decision-makers and explore the opportunities emerging across the country’s oil, gas, infrastructure and power sectors,” says NJ Ayuk, Executive Chairman, African Energy Chamber.

These reforms are already reshaping the investment landscape. The government is targeting crude production of 1.4 million barrels per day (bpd) by the end of 2026 after output recovered to approximately 1.2 million bpd during the first half of the year. Beyond oil production, Venezuela is advancing a broader strategy centered on natural gas monetization, offshore development, infrastructure rehabilitation and power sector modernization, creating opportunities across the entire energy value chain.

Throughout the Forum, delegates will hear directly from ministers, senior government officials, national oil company executives, international operators, development finance institutions, commodity traders and technical leaders responsible for implementing Venezuela’s new investment framework. Discussions will focus on expanding upstream investment, accelerating natural gas development, modernizing infrastructure and creating long-term partnerships that support Venezuela’s renewed role in global energy markets.

The forum also reinforces the strategic relationship between AEW 2026 and Venezuela Energy Week, which will take place in Caracas from February 22-25, 2027. Together, the two events form a coordinated international investment campaign that begins by introducing global investors to Venezuela’s reformed investment environment in Cape Town before continuing in Caracas, where commercial negotiations, technical engagement and project execution will move toward final investment decisions.

As global energy markets continue to prioritize supply security, infrastructure investment and new sources of production growth, Venezuela is positioning itself to re-establish its role as a major international energy supplier. Through the Venezuela Global Investment Forum at AEW 2026, investors will gain an unparalleled opportunity to engage with the country’s new investment framework, evaluate commercially attractive projects and build partnerships that support Venezuela’s return to global energy markets while strengthening cooperation between Africa and Latin America.

Distributed by APO Group on behalf of African Energy Chamber.

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Venezuela Energy Week Moves to February 2027 as Global Investment Engagement Expands

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Venezuela

Following investor engagement in London and Houston, Venezuela Energy Week will take place in Caracas on February 22–25, 2027, serving as a platform to accelerate investment and commercial partnerships across the country’s evolving hydrocarbons sector

CARACAS, Venezuela, August 7, 2026/APO Group/ –Venezuela Energy Week 2027 – the country’s largest-ever international energy investment summit – will now take place in Caracas from February 22–25, 2027, moving from its previously announced dates of October 26–29, 2026, following expanded engagement with international investors, energy companies and industry stakeholders exploring opportunities across Venezuela’s energy sector.

 

The February 2027 timeframe reflects growing international investor interest in Venezuela’s hydrocarbons sector, with the summit building on outreach efforts that are translating commercial momentum into investment opportunities across upstream development, infrastructure modernization, gas monetization and downstream expansion. The event is expected to serve as the venue for the signing of key commercial agreements that will help advance investment and project development across Venezuela’s energy sector. Recent hydrocarbon reforms introduced in July 2026 have further shaped this investment landscape, strengthening the framework for private-sector participation and creating greater clarity around commercial opportunities for international partners.

“The decision to bring Venezuela Energy Week to February 2027 reflects the growing interest from international investors and industry partners in Venezuela’s energy sector. This event is designed to accelerate investment, strengthen strategic partnerships and convert market interest into tangible projects that support the country’s long-term energy development,” said Paula Henao, Minister of Hydrocarbons of Venezuela.

Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, Venezuela Energy Week 2027 will bring together U.S., Venezuelan and international oil companies, investors, financiers and service providers to advance investment discussions and commercial agreements across one of the world’s largest hydrocarbon resource bases.

Since the event was first announced, Venezuela Energy Week has expanded its engagement with the international energy community. The London Industry Showcase, held in July 2026, strengthened investor engagement around opportunities in Venezuela’s energy sector, while the upcoming Houston Industry Showcase continues to build commercial interest among U.S. energy companies, service providers and technical partners ahead of the February summit.

The decision to bring Venezuela Energy Week to February 2027 reflects the growing interest from international investors and industry partners in Venezuela’s energy sector

Venezuela holds more than 300 billion barrels of proven oil reserves – the largest globally – alongside more than 195 trillion cubic feet of natural gas resources. With production now recovering to 1.2 million barrels per day, the country is pursuing a long-term strategy to further restore output through phased investment, field rehabilitation and increased private-sector participation.

The investment opportunity is supported by significant brownfield potential across Venezuela’s major producing regions, including the Orinoco Oil Belt, Maracaibo Basin and Eastern Venezuela Basin. Opportunities span mature field redevelopment, enhanced recovery programs, drilling campaigns, heavy crude upgrading and infrastructure modernization.

Beyond upstream development, Venezuela Energy Week 2027 will highlight opportunities across refining, logistics, storage and gas infrastructure. Underutilized refining capacity, constrained midstream systems and significant natural gas resources create potential entry points for companies seeking to support the modernization of Venezuela’s energy value chain. Offshore developments such as the Dragon and Cocuina-Manakin fields represent potential growth areas for regional gas supply and future LNG opportunities, while expanded gas capture, processing and transportation infrastructure will be critical to maximizing the value of Venezuela’s resources.

As global energy markets continue to prioritize supply security and access to large-scale resources, Venezuela Energy Week 2027 is positioned to serve as a catalyst for investment, bringing together government leaders, investors and industry executives to convert commercial interest into long-term energy projects.

The summit is organized by Energy Capital & Power.

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/4hE4ACL).

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

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African Energy Week (AEW) 2026 reúne líderes do setor energético que impulsionam reformas em Barbados, Angola e Marrocos

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African Energy Chamber

Líderes do setor energético de Barbados, Angola e Marrocos participarão na AEW 2026 para debater reformas, oportunidades de investimento e estratégias que moldam o futuro crescimento do setor energético

CIDADE DO CABO, África do Sul, 13 de agosto 2026/APO Group/ –Três altos responsáveis governamentais e reguladores que estão a moldar o futuro dos setores energéticos de Barbados, Angola e Marrocos irão intervir na African Energy Week (AEW) 2026, que decorrerá na Cidade do Cabo, de 12 a 16 de outubro. A sua participação surge num momento em que cada um destes mercados está a avançar com reformas importantes destinadas a atrair investimento, expandir as infraestruturas energéticas e reforçar a segurança energética a longo prazo.

 

Reunindo ministros, entidades reguladoras, empresas petrolíferas nacionais e investidores globais, a AEW 2026 constitui a principal plataforma do continente para a definição de políticas energéticas e parcerias comerciais. Os debates abrangerão as áreas de upstream, licenciamento, estratégias de transição energética, desenvolvimento de infraestruturas e integração regional, com os líderes governamentais a desempenharem um papel central na definição do panorama de investimento nos mercados africanos e internacionais.

Kerrie D. Symmonds, Ministro da Energia, Desenvolvimento Empresarial e Comércio de Barbados e Ministro Sénior Coordenador do Setor Produtivo, participa na conferência num momento em que a nação caribenha prossegue uma estratégia energética de dupla vertente. Após a sua nomeação em fevereiro deste ano, Symmonds tem supervisionado políticas que apoiam a meta de Barbados de atingir 100% de eletricidade renovável até 2030, ao mesmo tempo que abre o setor offshore do país a novas explorações.

O investimento na energia assenta em instituições sólidas, políticas claras e quadros de investimento competitivos

Em junho, o governo lançou negociações diretas para 19 blocos em águas ultraprofundas, cobrindo mais de 62 000 km², criando oportunidades para exploradores internacionais a par do investimento contínuo no armazenamento em baterias e na modernização da rede elétrica. Na AEW 2026, a participação da Ministra Symmonds deverá destacar a estratégia de Barbados para alinhar a segurança energética com o crescimento económico e o investimento privado.

Posicionado para oferecer uma visão sobre um dos maiores programas de investimento a montante de África, Alcides Andrade, membro do Conselho Executivo da Agência Nacional de Petróleo, Gás e Biocombustíveis de Angola (ANPG), junta-se à AEW 2026 num momento em que a organização implementa uma estratégia de 60 mil milhões de dólares até 2030. A ANPG está também a apoiar grandes projetos, incluindo Agogo, Begonia, a Fase 3 do CLOV e os projetos de gás de Quiluma e Mabowueiro.

À medida que Angola trabalha para estabilizar a produção de petróleo e expandir a capacidade de refinação interna, Andrade estará em posição de debater as reformas regulatórias e as oportunidades de investimento que impulsionam a próxima fase de crescimento do país.

Entretanto, Salwa Didi, Diretora da Divisão de Avaliação Offshore do Gabinete Nacional de Hidrocarbonetos e Minas (ONHYM) de Marrocos, junta-se à AEW 2026 num momento em que a agência empreende a maior reforma institucional da sua história. A transformação do ONHYM numa sociedade anónima apoiada pelo Estado confere-lhe maior flexibilidade para angariar capital, criar filiais e atrair parceiros estratégicos. A reforma coincide com os progressos no Projeto de Gás de Tendrara, com os renovados esforços de exploração offshore e com o avanço contínuo do Gasoduto Nigéria-Marrocos, reforçando a ambição de Marrocos de se tornar um centro energético regional que ligue os recursos de gás africanos aos mercados europeus.

«O investimento na energia assenta em instituições sólidas, políticas claras e quadros de investimento competitivos», afirma NJ Ayuk, presidente executivo da Câmara Africana de Energia. «Barbados, Angola e Marrocos estão a demonstrar diferentes abordagens para libertar o seu potencial energético, e a AEW 2026 proporciona uma plataforma importante para que estes líderes interajam diretamente com investidores e com a indústria.»

A participação dos ministros Symmonds, Andrade e Didi reforça o papel da AEW 2026 como a principal plataforma do continente para o diálogo entre governos e o setor privado. Realizado ao longo de cinco dias no Centro Internacional de Conferências da Cidade do Cabo, o evento reúne decisores políticos com os investidores e promotores que impulsionam a próxima geração de projetos energéticos em África.

Distribuído pelo Grupo APO para African Energy Chamber.

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