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Marathon Oil to Drive Gas Narrative as African Energy Week (AEW) 2022 Silver Sponsor

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Marathon Oil

The US-based independent E&P company will consolidate its position in African energy by coming to African Energy Week 2022 as a silver sponsor

JOHANNESBURG, South Africa, August 30, 2022/APO Group/ — 

Representing the voice of the African energy sector, the African Energy Chamber (AEC) believes in the significant role natural gas will continue to play in Africa. With over 620 trillion cubic feet (tcf) of proven gas resources – a figure that is expected to double as exploration campaigns take off in countries such as Nigeria, Zimbabwe and Namibia – the continent’s gas resources will not only be able to meet domestic demand, making energy poverty history by 2030, but kickstart long-term socioeconomic growth on the back of job creation, industrialization and revenue generation. As such, the upcoming African Energy Week (AEW) (www.AECWeek.com) 2022 conference and exhibition – set to take place from October 18-21 this year – will drive the narrative that gas is good for Africa. In line with this narrative, US-based independent exploration and production company Marathon Oil will be joining AEW 2022 as a silver sponsor, enhancing discussions around gas at the continent’s biggest energy event while consolidating its own position in Africa’s energy future.

While Marathon has focused on four of the most competitive resource plays in the US, it’s the company’s developments in Equatorial Guinea that have positioned it at the forefront of Africa’s gas growth. Since entering the Equatorial Guinean market in 2002, Marathon has driven one of the country’s, and Africa’s, biggest gas developments: the Punta Europa integrated gas development. Since 2002, Marathon has established the largest petroleum facility in Equatorial Guinea, comprising a liquefied natural gas (LNG) processing facility and one of the largest methanol production facilities in Africa.

Marathon Oil is additionally pursuing additional resource opportunities for future phases of the development

However, the company’s gas development plans have not stopped there. With declining production of developed natural gas and associated liquids from the Marathon-operated Alba Field, the company has prioritized its next stage of development: the creation of a Gas Mega Hub, in collaboration with the Ministry of Mines and Hydrocarbons and project partners. Under the leadership of H.E. Gabriel Mbaga Obiang Lima, Equatorial Guinea’s Minister of Mines and Hydrocarbons, the country is establishing itself as a regional gas hub, developing and expanding domestic processing and off-take infrastructure to be supplied by regional reserves. In addition to utilizing and therefore monetizing reserves in Cameroon, (with four tcf), and Nigeria (with 200 tcf), the Gas Mega Hub will increase domestic reserves through new exploration campaigns, and Marathon Oil is at the center of these developments.

While the company operates and maintains capacity at the processing facilities at Punta Europa, enabling the country to become a regional processing hub, Marathon Oil is additionally pursuing additional resource opportunities for future phases of the development. Working closely with the Equatorial Guinean Ministry, Marathon Oil has not only demonstrated the role gas hubs will play in Africa’s energy future, but the role public-private cooperation and partnerships play in developing competitive gas economies in Africa.

“Marathon Oil is a tried, true and tested operator in Africa. AEW 2022 is centered around developing and promoting an Africa narrative with regards to gas monetization, sustainable energy exploration, a just energy transition and the continent’s energy future. We will continue to promote our narrative that gas is not only good but critical for the continent’s development. With significant proven and untapped reserves, Africa has the chance to usher in a new era of socioeconomic growth and industrialization on the back of gas,” states NJ Ayuk, Executive Chairman of the AEC, adding that, “Marathon Oil has made significant progress in Equatorial Guinea, working closely with the ministry and other partners to develop a Gas Mega Hub. At a time when European nations are urgently seeking alternative gas supplies, hubs such as Equatorial Guinea’s will be key for not only meeting global demand but for making energy poverty history in Africa by 2030. By joining AEW 2022 as a silver sponsor, Marathon Oil is only reaffirming the role gas will play in Africa. We looking forward to driving a gas narrative alongside Marathon Oil.”

During AEW 2022, Marathon Oil will lead discussions around gas monetization, exploration and production, participating in numerous panel discussions and investor forums.

Distributed by APO Group on behalf of African Energy Week (AEW).

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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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