Connect with us
Anglostratits

Business

Mozambique’s President Nyusi Joins Presidents at Africa Energy Week (AEW) 2023 to Discuss Africa’s Sustainable Future

Published

on

Nyusi

Marking his return to the African Energy Week conference in Cape Town, Mozambique’s President Filipe Nyusi will once again address delegates at the important gathering, engaging with the respective Presidents of Namibia, Uganda and Senegal and the former President of Nigeria as they chart a pathway towards a sustainable energy future

JOHANNESBURG, South Africa, October 8, 2023/APO Group/ — 

Mozambique’s President Filipe Nyusi has been at the forefront of a series of industry-advancing developments in the country. Under his leadership, the country has seen noteworthy success across its energy sector, with a strong slate of foreign companies driving several large-scale projects in close collaboration with the National Oil Company Empresa Nacional de Hidrocarbonetos (ENH). Under efforts to drive the southern African region into a new era of security, President Nyusi continues to showcase resilience and a commitment to a just and inclusive energy transition in Africa.

In line with the event mandate to make energy poverty history by 2030, the African Energy Chamber (AEC) is proud to announce that President Nyusi will once again address delegates at the African Energy Week (AEW) conference in Cape Town. Taking place from October 16-20, President Nyusi’s address marks his return to this highly important event. President Nyusi joins regional Presidents in Cape Town to discuss the pathway towards a sustainable and secure energy future in Africa, including Senegalese President Macky Sall; Namibian President Hage Geingob; Ugandan President Yoweri Museveni; and Nigeria’s former President Olusegun Obasanjo.

Mozambique stands at the intersection of Africa’s energy security and transition agenda, serving as a strong example of how natural gas can accelerate both accessibility and sustainability goals. The country already represents a major green energy producer, with projects such as the 2,075 MW Cabora Bassa Hydropower project providing power to the regional community. In tandem with renewable expansion plans – the country is targeting a wave of solar, hydro and power investments – Mozambique is advancing its oil and gas developments with the aim of electrifying and growing the southern African economy.

As Africa moves to advance a just and inclusive energy transition, Mozambique’s resources and leaders such as President Nyusi will be of strategic importance

The country has been monetizing onshore gas from the Pande and Temane fields for several years, with South Africa’s Sasol importing via the ROMPCO pipeline. Offshore, major projects are making headway, all of which are poised to transform the country. These include the $20 billion TotalEnergies-led Mozambique Liquefied Natural Gas (LNG), with a capacity of 43 million tons per annum (mtpa); the ExxonMobil-led Rovuma Area 4 LNG Trains 1 & 2, with a capacity of 18 mtpa; and the Eni-led Coral Sul Floating LNG project, with a capacity of 3.4 mtpa. Coral Sul achieved first LNG export in late 2022, marking a major milestone for the country.

These billion-dollar initiatives have showcased the potential for large-scale offshore investments, and with most of the country’s resources largely untapped, opportunities for E&P players remain prevalent. Mozambique’s proven natural gas resources are measured at 100 trillion cubic feet (tcf), with proven plays across both onshore and offshore acreage. Other energy companies such as Galp, Shell, Kogas and more are active in the country, but opportunities continue to grow for both regional and international firms. On the oil side, the untapped oil-rich basins of Angoche and Zambezi have enticed the participation of players such as Eni, Sasol, Delonex Energy and ExxonMobil, and yet further opportunities lie awaiting investment. Strategically located in close proximity to high-demand regional markets as well as international consumers, the country’s gas resources will remain of central value for years to come.

President Nyusi believes that Mozambican energy will be instrumental for making energy poverty history in southern Africa. Speaking during last year’s edition of the conference, President Nyusi stated that, “the suffocation that Africa is facing is not due to a lack of resources. Africa is home to 850 tcf of gas in addition to other resources which can play an important role in addressing energy poverty. It is critical to continue reforming the regulatory environment in order to attract more investment.”

“President Nyusi has been at the helm of some of Africa’s biggest natural gas developments,” stated NJ Ayuk, Executive Chairman of the AEC. “While faced with challenges regarding project developments, President Nyusi has shown dedication to engaging with both foreign companies and local communities under efforts to advance energy projects and unlock the full potential of Mozambique’s offshore gas resources. As Africa moves to advance a just and inclusive energy transition, Mozambique’s resources and leaders such as President Nyusi will be of strategic importance.”

AEW 2023 features the most comprehensive lineup of African energy and petroleum ministers as well as Presidents, all of whom have joined the conference with the objective of alleviating energy poverty and industrializing the continent. Centered on signing deals and advancing dialogue around Africa’s position in global energy affairs, AEW 2023 serves as a form of prelude to COP28 discussions about Africa’s energy transition. Leading this dialogue will be President Nyusi among other regional government heads. Join the AEW 2023 conference and take part in the discussions about Africa’s energy renaissance. 

Distributed by APO Group on behalf of African Energy Chamber.

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

Published

on

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.

Continue Reading

Business

Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

Published

on

IsDBI

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).

Continue Reading

Business

Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

Published

on

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.

 

Continue Reading

Trending