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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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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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