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Moyes & Co, Envoi Limited, FarmoutAngel to Host African Farmout Forum at African Energy Week (AEW) 2024, Connecting Investors to African Blocks

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African Farmout Forum

The African Farmout Forum showcases available block opportunities across the continent; it provides oil companies and investors with a strategic opportunity to gain first-hand insight into available blocks and farmout deals in Africa’s oil and gas industry

CAPE TOWN, South Africa, July 4, 2024/APO Group/ — 

Taking place at AEW: Invest in African Energy on November 4, the African Farmout Forum provides a platform for independent exploration and production companies, IOCs and NOCs to pitch their projects to potential investors and partners. The forum will feature 7-minute deal pitches, a wall of farmouts and networking opportunities whilst also allowing participants to initiate conversations and relationships that can be further explored throughout the conference week.

Led by global energy advisor Moyes & Co; independent acquisition and divestment advisor Envoi Limited; and oil and gas asset deals platform FarmoutAngel, the African Farmout Forum builds on the success of the 2023 edition, where 28 farmouts were promoted.

Companies interested in pitching their farmout or deal should contact Envoi Limited at deliver@envoi.co.uk;  Moyes & co at cmoyes@moyesco.com and ore.onagbesan@energychamber.org.

African Energy Week (AEW): Invest in African Energy conference:

The largest event of its kind in Africa 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.

The African Farmout Forum at AEW: Invest in African Energy 2024 is not merely a transactional platform; it represents a catalyst for reshaping the African energy sector

As one of the final frontiers for oil and gas exploration worldwide, Africa offers a wealth of opportunities for exploration and production companies alike. In recent months, the continent has witnessed a robust mix of M&A activity as companies move to unlock new basins and strengthen production in mature markets.

According to the African Energy Chamber’s (AEC) 2024 State of African Energy Outlook, M&A activity in Africa in 2023 reached a total transaction value exceeding $3.2 billion in deals either announced or closed. Notable deals include Maurel & Prom’s acquisition of Assala Energy for $730 million and energy major Eni’s divestment of its Nigerian onshore blocks to Nigerian oil and gas company Oando Petroleum. Exploration farm-in activity in Egypt’s offshore Mediterranean sector saw notable partnerships in 2023 between international energy companies ExxonMobil, Woodside Energy and Chevron.

In recent upstream acquisition activity across African hotspots, notable developments underscore the increasing interest of international companies in securing stakes in promising assets. Recently, Angolan independent energy firm Azule Energy acquired a 42.5% stake in Block 2914A in Namibia’s Orange Basin through a farm-in agreement with exploration company Rhino Resources Namibia. Similarly, Chevron Namibia Exploration Limited secured an 80% working interest in PEL 82 offshore Namibia, with Namibian NOC Namcor and local firm Custos Energy retaining a 10% carried interest. In the Republic of the Congo, Trident Energy signed agreements with Chevron and TotalEnergies to acquire interests in operational fields including Moho-Bilondo, Nkossa, Nsoko II and the Lianzi fields.

In addition to partnership opportunities, Africa expects a slate of licensing rounds to be launched in 2024/2025, enabling exploration and production companies to tap into undeveloped acreage. Nigeria recently launched its 2024 Deepwater Bid Round, offering 19 oil and gas blocks – including new and deep offshore assets – while the Democratic Republic of the Congo is evaluating applications for its 2022 Bid Round, offering 24 onshore blocks. Tanzania, Uganda, Somalia and Kenya are also preparing for their respective licensing rounds, while Angola will offer up to 10 blocks in its 2025 Limited Public Tender, aiming to increase oil and gas production to over 1.1 million barrels per day.

Egypt is also set to launch an international bid round in the coming months, while Libya’s National Oil Corporation is preparing for a licensing round to ramp up oil production. Additionally, Algeria is anticipated to launch its 2024 Bid Round, offering onshore blocks as part of its strategy to maximize its gas and LNG potential.

“The African Farmout Forum at AEW: Invest in African Energy 2024 is not merely a transactional platform; it represents a catalyst for reshaping the African energy sector. By uniting key industry players and facilitating dynamic interactions, it sets the stage for investments and partnerships. Against the backdrop of increased M&A activity and the initiation of licensing rounds across Africa, this forum emerges as a pivotal space for forging strategic alliances, assessing investment opportunities and fostering transformative growth in the region’s energy landscape,” states NJ Ayuk Executive Chairman of the AEC.

To secure a pitching slot, please email speaker@aecweek.com

Distributed by APO Group on behalf of African Energy Chamber.

Energy

United States (U.S.) Broadens African Energy Push as Volz Brings Washington to African Energy Week (AEW) 2026

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African Energy Chamber

From LNG finance in Mozambique to grid technology and clean cooking, U.S. government agencies and companies are expanding their engagement with African energy markets as Department of Energy official Josh Volz prepares to join African Energy Week 2026

CAPE TOWN, South Africa, October 2, 2026/APO Group/ –The United States is widening its engagement with Africa’s energy sector, combining government-backed finance, technology partnerships and private-sector investment across markets from Mozambique and Nigeria to Kenya, Uganda and the Democratic Republic of the Congo. Josh Volz, Deputy Assistant Secretary for Europe, Eurasia, Africa and the Middle East at the U.S. Department of Energy, will bring that agenda to African Energy Week 2026 in Cape Town from October 12-16.

 




  

Volz returns to AEW as Washington’s engagement with African energy markets increasingly spans both hydrocarbons and electricity infrastructure. In April, the U.S. Trade and Development Agency brought energy decision-makers from the DRC, Ethiopia, Kenya and Uganda to the U.S. to meet American companies working on transmission and distribution technologies, including AI-enabled grid systems. The program was designed to connect U.S. technology providers with prospective projects and procurement opportunities in African power markets.

Mozambique illustrates the scale that U.S. financing can bring to an African gas project. In March 2025, the U.S. Export-Import Bank approved a nearly $5 billion loan for TotalEnergies’ Mozambique LNG development, reviving a financing package for the long-delayed project. The original $4.7 billion commitment had been approved during the first Trump administration but required reapproval after construction was suspended in 2021. Meanwhile, ExxonMobil and its Area 4 partners awarded approximately $1.1 billion in pre-investment contracts for long-lead equipment and early construction activities at the Rovuma LNG project in August.

Development finance is another part of the equation. The U.S. International Development Finance Corporation’s investment ceiling rose from $60 billion to $205 billion following its 2025 reauthorization, while the agency gained expanded authority covering international investments in strategic sectors including energy and critical minerals. The new authorization runs through 2031.

The DFC is better resourced than it has ever been, making this an opportune moment for African operators to make their case

The DFC has also continued to approve new transactions in Africa in 2026. On September 16, the agency announced more than $8 billion in new investments globally, including projects supporting infrastructure and resources across Africa, as part of an effort to promote U.S. exports, energy security and American technology.

U.S. companies such as GE Vernova are active across African power markets, providing generation, transmission, grid and software technologies. The company says its technology is installed in more than 50 countries across the Middle East and Africa; in Nigeria alone, its equipment is installed across more than 40 sites, while its grid technology has also supported regional integration through the West African Power Pool.

Energy access is another emerging strand of Washington’s engagement. U.S. Secretary of Energy Chris Wright co-chaired the July 2026 high-level summit on clean cooking in Africa alongside Kenyan President William Ruto, Norway and the International Energy Agency. The meeting produced $900 million in new commitments, taking total commitments since the 2024 Africa Clean Cooking Summit to more than $3.1 billion. Wright described clean cooking as a major but often overlooked energy-access challenge.

Volz has previously argued that African countries should determine their own energy pathways while the United States looks for ways to partner with them. Speaking at AEW 2025, he said: “International governments should not stand in the way of how African nations determine their energy futures. We are eager to hear how best we can, from a U.S. perspective, partner with Africa.” He also pointed to $65 billion in existing U.S. private-sector investment in Africa and a $2.5 billion U.S. government pledge to support energy expansion.

That approach will have a substantial U.S. presence at AEW 2026. The current program confirms Volz alongside U.S. Senator Ted Cruz, United States Energy Association President and CEO Mark W. Menezes and DFC Managing Director and Regional Head of Africa Vibhuti Jain, among other U.S.-linked executives and policymakers. Jain will also participate in the dedicated U.S.-Africa Energy & Investment Forum on October 14, which will bring together U.S. and African companies, investors and policymakers to discuss capital, technology and commercial partnerships.

“The DFC is better resourced than it has ever been, making this an opportune moment for African operators to make their case. This conference is about making sure the capital and the projects actually find each other,” said NJ Ayuk, Executive Chairman of the African Energy Chamber.

For African energy markets, the expanding U.S. role reaches across project finance, LNG, upstream development, electricity infrastructure, grid technology and clean cooking. Volz’s participation at AEW 2026 comes as those relationships increasingly move from broad policy discussions toward individual projects, commercial partnerships and technology deployment across the continent.

Distributed by APO Group on behalf of African Energy Chamber.

 




 

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How Liberia’s Harper Basin Is Emerging as West Africa’s Next Deepwater Frontier

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Liberia

The Harper Basin’s advancing exploration program is de-risking Liberia’s premier frontier basin, positioning TotalEnergies and BluEnergies for frontier deepwater drilling success

CAPE TOWN, South Africa, October 2, 2026/APO Group/ –Liberia’s Harper Basin is emerging as one of West Africa’s most compelling frontier exploration opportunities, attracting investment from TotalEnergies and BluEnergies as advanced subsurface studies progressively reduce geological uncertainty across three deepwater offshore blocks.

 




  

The basin remains undrilled despite sharing geological characteristics with some of Africa’s largest and latest deepwater plays. As seismic, geochemical and seabed datasets converge, the question now is whether that technical progress will translate into a commercially viable petroleum province?

Frontier Basin Moves Toward Drill-Ready Status

The Harper Basin covers Blocks LB-26, LB-30 and LB-31 under Reconnaissance License RL-003, spanning approximately 8,924 km2 offshore Liberia. TotalEnergies operates the project with a 65% interest alongside BluEnergies, which retains 35%.

The partnership formalized in January 2026 through a joint study and application agreement after BluEnergies secured an early position in the basin during 2023 and advanced independent prospect evaluation.

An independent prospective resource assessment completed in March 2025 estimated unrisked prospective resources of approximately 17.9 billion barrels of oil and 28.8 trillion cubic feet (tcf) of natural gas across seven mapped basin-floor fan systems.

Current work centers on reprocessing 6,167 km2 of legacy 3D seismic data using energy data and intelligence firm TGS. The program recently surpassed 50% completion, delivering improved subsurface imaging and enhanced amplitude versus offset analysis to identify potential hydrocarbon-bearing reservoirs.

Parallel offshore operations began on June 19, 2026, with subsurface specialists GeoPartners deploying the research vessel R/V GYRE, operated by TDI-Brooks, to survey approximately 4,045  km2 in water depths between 500 and 3,500 meters.

The campaign combines multibeam echo sounder mapping, water-column imaging, piston coring and heat-flow measurements. These datasets identify seepage pathways, characterize source-rock maturity and improve confidence in future drilling locations before integration during Q4 2026.

The Jubilee field in Ghana,the Venus field in Namibia and the recent discoveries offshore Ivory Coast have proven the significance of basin floor fan plays along the African margin

Once economically viable anomalies are finalized, TotalEnergies and BluEnergies plan to exercise their rights to convert the reconnaissance license into long-term PSCs by late 2026 or in 2027. This step legally locks in the drilling rights, positioning the partners to advance toward exploration drilling, subject to prospect maturation, regulatory approvals and investment decisions

Geological Analogues Strengthen Exploration Case

Unlike Liberia’s historically explored offshore basin, the Harper Basin occupies a structurally confined transform-margin embayment bounded by major fracture zones that concentrate sediment delivery into thick basin-floor fan complexes.

These Cretaceous-aged Cenomanian and Turonian fan systems are considered direct geological analogues to producing and discovered deepwater plays along the West Africa Transform Margin.

BluEnergies has identified seven discrete basin-floor fan complexes interpreted from seismic data. The current technical program seeks to validate reservoir quality before progressing toward production sharing contracts and exploration drilling.

Vice President of Exploration Sergio Laura says recent licensing activity across the West African margin reinforces BluEnergies’ early entry into Harper Basin, explaining in a press release, “The Jubilee field in Ghana, the Venus field in Namibia and the recent discoveries offshore Ivory Coast have proven the significance of basin floor fan plays along the African margin.”

Unlike earlier Liberian exploration focused primarily on structural traps, the Harper Basin targets stratigraphic pinch-out reservoirs sealed beneath regional marine shales, reducing reliance on fault-dependent trapping mechanisms that limited historical exploration success.

If the current technical program confirms reservoir quality, Liberia could move from being one of West Africa’s least explored offshore jurisdictions to one of its most closely watched frontier plays. With TotalEnergies providing technical expertise and BluEnergies holding an early strategic position, the next milestone is no longer identifying prospects—but determining whether they justify Liberia’s first deepwater exploration wells.

The Harper Basin’s progress comes as Liberia seeks to attract new investment through its 2026 Offshore Direct Negotiation Licensing Round, highlighting the country’s broader offshore potential and growing exploration momentum.

 

The Launch of the Liberia 2026 Offshore Direct Negotiation Licensing Round – organized by Energy Capital and Power – will take place at African Energy Week (AEW) 2026 on October 14 at The Orchid, CTICC 2. Visit, https://apo-opa.co/4rMJlS7 for more information.

 

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

 

 




 

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Alamein Africa Forum 2026: Live Coverage on Africa24

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AFRICA24 Group, the continent’s leading TV and digital media group, available in 120 million households, is deploying an optimal set-up to provide full coverage of the ALAMEIN AFRICA FORUM 2026

AFRICA24 Group (www.AFRICA24Group.com) brings you full coverage, live from Al Alamein (Egypt), from 2 to 4 October 2026, of the first edition of the Alamein Africa Forum, a biennial forum co-organised by the Government of Egypt, the African Export-Import Bank (Afreximbank) and the African Union Development Agency (AUDA-NEPAD).

Al Alamein, Egypt’s fourth new city, is hosting Heads of State and Government, senior political figures, leaders of financial institutions, private sector players and institutional investors, on the sidelines of the African Union’s second 2026 annual high-level coordination meeting.

 




  

The Alamein Africa Forum is a leading economic and political event for the continent and for entrepreneurial boldness. The vision of African sovereignty championed by the Afreximbank Group, a major partner, is reflected in plenary sessions, sector panels, closed-door roundtables and B2B/B2G meetings dedicated to the key drivers of Africa’s transformation: infrastructure, energy, digital transformation, manufacturing, critical minerals, health markets and intra-African trade.

AFRICA24 GROUP, TV MEDIA PARTNER AND LEADER OF THE AFRICAN NARRATIVE TOLD BY AFRICANS

In a rapidly changing global context marked by the promotion of the African narrative by Africans, AFRICA24 Group is the exclusive TV partner and a pillar of the Alamein Africa Forum. Through its unique coverage, AFRICA24 Group showcases a strategic continental platform designed to turn the African Union’s Agenda 2063 into tangible economic results.

360° continental and global broadcasting with AFRICA24

AFRICA24 Group, the continent’s leading TV and digital media group, available in 120 million households, is deploying an optimal set-up to provide full coverage of the ALAMEIN AFRICA FORUM 2026:

  • Live broadcasts of the opening ceremonies, economic forums and thematic panels, with our special correspondents;
  • Exclusive interviews with political decision-makers, leaders of financial institutions, investors and young African leaders attending in New Alamein;
  • Immersive reports from all sessions and side events.

With AFRICA24 Group, together, let’s transform Africa

Distributed by APO Group on behalf of AFRICA24 Group.

 

 




 

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