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Libya’s Minister of Oil and Gas Joins Cape Town Energy Event as Latest Bid Round Piques Global Interest

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Libya

Launched in March 2025, Libya’s latest licensing round has drawn interest from over 40 prospective bidders, signaling the country’s re-entry into the global energy stage

CAPE TOWN, South Africa, August 15, 2025/APO Group/ –Dr. Khalifa Abdulsadek, Minister of Oil and Gas of Libya, has joined this year’s African Energy Week (AEW): Invest in African Energies conference as a speaker. This year’s event will host a dedicated Invest in Libyan Oil & Gas Summit – highlighting Libya’s push to open up its sector for foreign investment. With Libya’s latest licensing round drawing interest from over 40 prospective applicants – including leading energy operators – the country is on track to meet its ambitious goal of producing two million barrels per day (bpd)

Minister Abdulsadek’s participation comes as Libya opens up the sector for foreign investment, with its latest licensing round piquing the interest of over 40 prospective applicants. With leading energy operators announcing that they are competing in the round, Libya is well-positioned to meet its goals of two million barrels per day (bpd).

Libya launched its 2025 licensing round in March as part of its 25-year strategy to add 8 billion barrels of crude oil to its proven reserves. The licensing round offers 22 exploration blocks – 11 onshore and 11 offshore – with contracts set to be signed by the end of 2025. Featuring newly-selected blocks based on geological viability and proximity to existing infrastructure, the licensing round represents a compelling opportunity for investors seeking early returns, given the blocks lower entry costs and quicker development timelines. Multinational energy corporation Chevron and integrated multi-energy company TotalEnergies have both announced that they are competing in the round, alongside energy majors ExxonMobil and Eni.

Libya is rapidly positioning itself as a major global supplier, targeting two million bpd through fresh investment in greenfield and brownfield block opportunities

Currently producing 1.4 million bpd, Libya’s latest licensing round is expected to play an instrumental part in enhancing national output. To support a transparent and streamlined bidding process, the country’s National Oil Corporation (NOC) introduced a dedicated online platform for managing the bid round. The platform offers secure, confidential access to technical, legal and financial data. The bid openings and announcement of successful applicants will take place on November 15, 2025, while the contract signings will take place between November 22-30. This clear and structured timeframe has boosted investor confidence in the sector.  Further enhancing confidence, Libya has introduced the fifth generation of its Exploration and Production Sharing Agreement (EPSA V). The agreement is a modernized contractual framework designed to attract international oil companies with more competitive fiscal terms, thereby transitioning the country from a concession-based system to state-partnered agreements. The EPSA V balances investor appeal with national interest, offering companies greater predictability and a stronger return on investment.

These developments come as Libya sees renewed interest by foreign operators in its oil and gas opportunities. ExxonMobil, for example, returned to the country after a decade-long hiatus, signing an MoU to carry out a technical study evaluating the hydrocarbon potential of four offshore blocks. The geological and geophysical surveys will be conducted along Libya’s northwest coast and within the Sirte Basin. Shell and bp entered into agreements with Libya’s NOC in July 2025 to carry out studies on hydrocarbon exploration and production at three oilfields in the country. Under the agreement with bp, the company will explore redevelopment opportunities at the Mature Darir and Messla oilfields. bp will also pursue exploration prospects in nearby areas. Meanwhile, the agreement with Shell will see the company conduct a detailed feasibility study for the development of the al-Atshan oilfield and other fields fully owned by the NOC.

Beyond greenfield opportunities, Libya is working to revitalize production at legacy assets. Notably, companies to the likes of Waha Oil Company and Mellitah Oil & Gas are breathing new life into mature assets, using advanced technology, well stimulation programs and upgrades to gathering systems and processing facilities. In the infrastructure space, the country is making significant strides towards modernizing projects with a view to bolster exports and reclaim its place as a major global supplier. Key projects include the Structures A&E development led by Eni. The project will transport gas from two offshore fields to the Mellitah complex for processing, with offshore drilling commencing in 2025. Other projects include the Sabratha Compression project and the Bouri Gas Utilization Project. During AEW: Invest in African Energies 2025, Minister Abdulsadek is expected to share further insight into the impact these projects play in Libya. His participation will facilitate new collaborations, support production growth and accelerate development across strategic basins.

“Libya is rapidly positioning itself as a major global supplier, targeting two million bpd through fresh investment in greenfield and brownfield block opportunities. This ambitious strategy has already begun to yield positive results, with a host of foreign operators committing to investing,” states NJ Ayuk, Executive Chairman, African Energy Chamber.

Distributed by APO Group on behalf of African Energy Chamber.

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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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Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

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Etu Energias

As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

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

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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Energy

The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

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

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