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Marathon Oil Accelerates Project Development in Africa, Returns to African Energy Week (AEW) 2024 as Silver Sponsor

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Marathon Oil

Marathon Oil joins African Energy Week: Invest in African Energy 2024 in November as a silver sponsor, highlighting its contributions and ongoing commitment to energy development across the continent

CAPE TOWN, South Africa, July 26, 2024/APO Group/ — 

Independent exploration and production company Marathon Oil entered a five-year LNG sales agreement last year with diversified natural resource company Glencore Energy UK for its equity natural gas from the Alba Field offshore Equatorial Guinea. The agreement aims to optimize gas operations by redirecting partial volumes from the methanol plant to the LNG facility next year. Further boosting gas monetization in the country, the agreement serves to diversify the utilization of gas for the benefit of local communities.

Amid this gas monetization drive, Marathon Oil has joined the African Energy Week (AEW): Invest in African Energy 2024 conference – scheduled for November 4-8 in Cape Town –  as a silver sponsor. Under the theme Energy Growth Through an Enabling Environment, AEW: Invest in African Energy gathers investors and developers to explore opportunities in Africa’s energy sector. Marathon Oil’s sponsorship reflects its commitment to investing in Africa’s energy future as well as its focus on maximizing Africa’s natural gas resources.  

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

Marathon Oil’s long-standing operations in Equatorial Guinea, particularly in advancing LNG production and gas infrastructure, reflect its dedication to the country’s energy goals

The Alba Field – one of the nation’s largest gas fields – is vital for the country’s energy landscape, supported by critical infrastructure such as the Alba Plant LPG facility, the Equatorial Guinea LNG plant – operated by Equatorial Guinea LNG Operations – and the Atlantic Methanol Production Company’s (AMPCO) methanol production facility. These projects fall under Equatorial Guinea’s larger Gas Mega Hub (GMH) initiative, which aims to position the country as a regional processing hub for LNG.

Marathon Oil inked a Heads of Agreement last year with Noble Energy and Equatorial Guinea to advance the second and third phases of the GMH in 2023. This agreement builds on the success of the project’s initial phase, which involved tying up the Alen Field in the Gulf of Guinea to the Punta Europa LNG Terminal on Bioko Island, delivering first gas in February 2021. The GMH strategy is a key component in monetizing gas resources both within Equatorial Guinea and regionally. By connecting multiple gas fields  – such as the Alen field and the Alba gas field – to centralized processing and export facilities, the GMH not only optimizes resource utilization but also enhances energy security and economic development in the region. Additionally, Marathon’s partnerships with US independent Chevron and other industry leaders have been pivotal in advancing the GMH strategy, ensuring that Equatorial Guinea remains a key player in the regional gas market.

Meanwhile, the company is set to be acquired by multinational energy company ConocoPhillips in an all-stock transaction valued at $22.5 billion – expected to finalize in Q4 2024. This acquisition will integrate Marathon Oil’s robust portfolio and expertise in exploration and production with ConocoPhillips’ own capabilities and expertise as well as a new stream of investments. By combining complementary assets and operational excellence, the merger positions the combined entity to enhance investments in Africa’s energy sector. This strategic alignment is set to drive economic growth and enhance energy security across the continent, leveraging ConocoPhillips’ global reach and Marathon Oil’s established presence in key African markets.

“Marathon Oil’s long-standing operations in Equatorial Guinea, particularly in advancing LNG production and gas infrastructure, reflect its dedication to the country’s energy goals. The company’s contributions, such as the development of the Alba Field and the LNG facility, have been vital for growing the sector and driving economic development,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

Returning to this year’s edition of AEW: Invest in African Energy, Marathon Oil will bring a wealth of expertise in exploration, production and sustainable energy practices. By collaborating with industry leaders and African stakeholders, Marathon Oil aims to support the continent’s journey towards energy independence and sustainable development.

Distributed by APO Group on behalf of African Energy Chamber.

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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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