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Moyes & Co, ENVOI and FarmoutAngel Team Up with African Energy Week (AEW) 2023 to Launch African Farmout Forum

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African Farmout Forum

Featuring in-depth presentations, engaging Q&A sessions and private meetings, the African Farmout Forum will connect companies with oil blocks, permits and licenses, enabling both major and independent E&P firms to invest in Africa

JOHANNESBURG, South Africa, August 15, 2023/APO Group/ — 

The African Energy Chamber (AEC) (http://www.EnergyChamber.org) is proud to announce that financial services company Moyes & Co; global acquisition and divestment advisor Envoi; and oil and gas deal listing platform FarmoutAngel have teamed up with Africa’s biggest energy event African Energy Week (AEW) 2023 to launch the African Farmout Forum: a platform created to advancing deals across the continent’s upstream sector. The forum will take place during this year’s AEW conference – scheduled for October 16-20 in Cape Town – and will feature a slate of 7-minute pitches; a wall of farmouts; and an investor meet & greet. Taking place concurrently with an African Export-Import Bank-led deal room, the forum represents the official upstream deal-signing place for Africa.

The African Farmout Forum will introduce companies, investors and publicly-traded firms to oil blocks, licenses and/or permits through an interactive platform led by industry experts. Notably, Moyes & Co is a professional team with worldwide practical operational and technical experience in the natural resources industry. The firm provides transaction management; fair market and corporate asset valuations; new ventures and deal scoping; and many other services. Envoi, on the other hand, specializes in acquisition and divestment, portfolio advice and project marketing for the international upstream industry while FarmoutAngel offers a suite of data and analytics regarding oil and gas deals and asset valuations and considerations.

All three companies have played an instrumental role in facilitating Merger & Acquisition (M&A) activity in Africa, driving deal-making while marketing some of the continent’s most prolific hydrocarbon prospects. The African Farmout Forum – organized and delivered by the three companies – will build on this expertise to pave the way for International Oil Companies (IOC) to do deals in Africa at AEW 2023. Live presentations will be featured while collaborative Q&A sessions aim to expand the understanding of Africa’s oil and gas acreage. One-on-one meeting opportunities are also available. For small and independent companies seeking liquidity, and larger players looking for a balance of individual and institutional investment, the forum engages a suite of investors from across the globe. Interested in presenting your deal? Contact deliver@envoi.co.uk.

Emerging markets such as Sierra Leone, Uganda, Kenya and many others have either launched or are preparing to open licensing rounds in an effort to bolster exploration

In 2023, Africa’s upstream sector has already been a buzz of activity. In the first half of the year, the continent’s M&A transactions reached just short of $2 billion, with the total estimated recoverable resources equating to 320 million barrels of oil equivalent. Both major and emerging oil-producing nations in Africa are ramping up exploration efforts in a bid to increase production continent-wide. National objectives to achieve universal access to electricity all while stimulating industrialization and economic growth call for a sharp increase in upstream oil and gas investment. New discoveries such as those made in Namibia, Ivory Coast and Libya in recent years are poised to unlock fresh acreage while opportunities across marginal fields and accelerated IOC divestment trigger newfound M&A prospects for private players. On the back of attractive fiscal policy, many African countries are inviting both major and independent explorers to invest in these basins, and are turning to bid licensing rounds to incentivize exploration. The AEC’s Q1 2023 Outlook, The State of African Energy, states that by the end of this year, up to 18 exploration licensing rounds are expected to be awarded while several new rounds undergo preparations. The AEW 2023 African Farmout Forum will play an instrumental part in facilitating these rounds. 

In mature markets, new licensing rounds aim to maintain and even increase production levels. Natural declines in legacy fields threaten national output, and as demand continues to rise owing to population growth, urbanization and development, energy security will largely hinge on accelerated exploration. Representing part of the country’s six-year licensing round launched in 2019, Angola’s national concessionaire the National Oil, Gas and Biofuels Agency plans to open the next bid round in September 2023, with 12 onshore blocks on offer, including four in the Congo Basin and eight in the Kwanza Basin. Nigeria’s seven-block deep offshore mini-round and Equatorial Guinea’s EG Ronda 2023 are also underway while Ghana plans to open a new licensing round this year.

Meanwhile, burgeoning energy markets to the likes of Sierra Leone, Uganda, the Democratic Republic of Congo (DRC), Guinea-Bissau and Kenya are also focusing on licensing rounds, paving the way for new investment in untapped acreage. Earlier this year, the DRC launched a 30-block licensing round, comprising 27 oil blocks and three gas blocks. Currently, only the three gas blocks have been awarded. Sierra Leone’s sixth licensing round is underway and is set to close in September 2023 while Guinea-Bissau’s special deepwater tender round has five blocks open for bidding. In East Africa, Kenya and Uganda are preparing to launch licensing rounds, opening lucrative opportunities for frontier players.

“Eager to maintain production levels and open up new acreage in marginal fields, major producing nations such as Angola, Equatorial Guinea, Nigeria and more are inviting E&P players to invest and develop oil and gas blocks. At the same time, emerging markets such as Sierra Leone, Uganda, Kenya and many others have either launched or are preparing to open licensing rounds in an effort to bolster exploration in untapped basins. All of these present lucrative opportunities for both major and independent oil companies,” states NJ Ayuk, Executive Chairman of the AEC.

Distributed by APO Group on behalf of African Energy Chamber.

Business

SLB commissions new fluids systems plant in Pemba to support Mozambique’s offshore energy development

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Mozambique

New facility expands in-country drilling and completion fluids capability, advancing the next phase of SLB’s growth in Mozambique

PEMBA, Mozambique, October 9, 2026/APO Group/ –SLB (NYSE: SLB) (www.SLB.com) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s offshore activity grows and its role as a strategic energy hub for East Africa continues to expand.

The commissioning of the plant, also known as a liquid mud plant, coincides with SLB marking 70 years of operations in Mozambique. It reflects the company’s long-term commitment to investing in people, infrastructure and capability that support the country’s long-term offshore energy development plans.

 




  

With an initial storage capacity of 21,000 barrels, the liquid mud plant provides a scalable platform for future growth, supporting multiple customers and rising offshore activity while improving logistics and enhancing operational flexibility.

As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions

“As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions,” said Miguel Baptista, Central, East and Southern Africa, Managing Director, SLB. The new liquid mud plant strengthens local energy infrastructure, expands opportunities for local content development, and enhances our ability to support customers as they deliver some of Africa’s most significant offshore energy resources.”

The liquid mud plant project was delivered with strong local participation and that momentum is expected to continue into operations. During project delivery, more than 100 jobs were created in Pemba with nationals representing 80% of the workforce, reflecting a focus on building local capability.

The project was delivered with a strong focus on safety, operational integrity, and quality, achieving more than 67,000 hours worked without a recordable safety incident.

This key infrastructure strengthens SLB’s ability to support consistent service quality and enhance supply chain readiness for increasing offshore activity across Mozambique, supporting customers execute safely and efficiently while developing local skills and expertise.

Key Points:

  • SLB has commissioned a new fluids system plant in Pemba, expanding in-country drilling and completion fluids capability for offshore operations.
  • With an initial storage capacity of 21,000 barrels, the facility provides a scalable platform to support growing offshore activity in Mozambique.
  • The investment marks the next phase of SLB’s growth in Mozambique, strengthening local capability and supporting long-term offshore energy development.

Distributed by APO Group on behalf of SLB.

 

 




 

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South African Energy Storage Association (SAESA) welcomes 4,600 MW battery storage prioritisation and calls for integrated energy planning

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Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply

JOHANNESBURG, South Africa, October 9, 2026/APO Group/ –The South African Energy Storage Association (SAESA) (www.SAESA.org.za) welcomes the prioritisation of 4,600 MW of battery energy storage under the first Integrated Resource Plan (IRP) 2025 Section 34 determination.

 




  

The timing is significant. Recent Integrated Energy Plan (IEP) modelling and assumptions discussions highlighted a fundamental shift that South Africa’s energy planning now needs to capture: we cannot plan the future power system by counting megawatts of generation alone.

We must plan for when energy is available, where it is available, how it moves through a constrained grid and how it is stored and dispatched when the system needs it most.

The announcement reinforces that shift. Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply.

For SAESA, the message for the IEP is clear: storage, flexibility and system services must be modelled as integral components of South Africa’s future electricity architecture, with their contribution considered from the outset of generation planning.

“The IEP must plan the power system we are becoming, not simply model the power system we have inherited,” says SAESA.

The IEP must plan the power system we are becoming, not simply model the power system we have inherited

Partnership with C&I Energy + Storage Summit

SAESA is an association partner of the C&I Energy + Storage Summit, created by VUKA Group, taking place on 28–29 October 2026 at The Maslow Hotel, Sandton, Johannesburg.

The summit brings together commercial and industrial energy users, project developers, financiers, regulators and solution providers to explore practical approaches to energy security, procurement and storage deployment.

For businesses assessing how storage can support their operations, the event offers an opportunity to meet SAESA and engage with the wider energy community on the decisions shaping South Africa’s evolving electricity system.

Commercial and industrial energy decision-makers are invited to apply to attend as hosted buyers. Qualifying buyers receive complimentary summit access and curated opportunities to engage with industry partners.

 

Meet SAESA at C&I Energy + Storage Summit: Join the Hosted Buyer Programme

The Hosted Buyer Programme connects commercial and industrial energy decision-makers with solution providers shaping South Africa’s evolving private energy market.

Qualified energy buyers receive complimentary access to the summit and curated engagement with industry partners exploring energy procurement, storage deployment and project development.

Apply for the Hosted Buyer Programme (https://apo-opa.co/4ehLijJ)

Distributed by APO Group on behalf of VUKA Group.

 




 

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Afreximbank welcomes launch of Africa Credit Rating Agency as an important step in strengthening Africa’s financial architecture

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Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets

PORT LOUIS, Mauritius, October 8, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes today’s launch of the Africa Credit Rating Agency (AfCRA), an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible, independent analysis of African credit risk.

 




 
 

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses can finance development. It is therefore essential that assessments of African credit risk are independent, rigorous and evidence-based, while reflecting a complete understanding of the structures, institutions and economic realities being assessed.

The establishment of AfCRA adds an important African-led source of credit opinion to the market. Its value will not be measured by whether it produces more favourable ratings, but by the credibility of its analysis, the quality of its data and transparency of its methodology, and its ability to deepen understanding of African sovereigns, sub-sovereigns and corporate credit.

This is particularly important given that many African issuers remain unrated, while local-currency and sub-sovereign markets continue to have limited rating coverage. Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets.

AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans

Alongside fellow members of the Alliance of African Multilateral Financial Institutions (AAMFI), Afreximbank has consistently maintained that African Multilateral Financial Institutions should be assessed on the basis of their fundamentals, performance, legal frameworks, mandates and operating models. Ensuring that these institutional characteristics are properly understood is essential to achieving informed, balanced and credible assessments of African risk.

Commenting on the uniqueness of the African market, and need for AfCRA’s rating methodology to reflect this, Mr Denys Denya, Senior Executive Vice President, Afreximbank, said: “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere — it must build a unique identity that conforms to an ‘African best practice.”

Highlighting the need for the autonomy of the Africa Credit Rating agency as it takes off, Mr Denya added: “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix.”

AfCRA should therefore be seen as complementary to existing international and regional rating agencies, broadening the range of credible analysis available to investors and issuers while strengthening competition, transparency and analytical capacity within Africa’s credit markets.

As Africa seeks to mobilise the scale of capital required for industrialisation, trade, infrastructure and economic transformation, credible African institutions that improve information, strengthen market confidence and deepen the continent’s financial markets will become increasingly important.

Afreximbank congratulates the African Union, the African Peer Review Mechanism (APRM) and all those involved in bringing AfCRA from concept to launch, and looks forward to the contribution the Agency will make to deeper, more transparent and more efficient African capital markets.

Distributed by APO Group on behalf of Afreximbank.

 




 

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