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Namibia Charts Parth Toward Diversified Energy Investments

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oil and gas

Namibia’s latest exploration and appraisal campaigns, along with new seismic activity and green hydrogen pilot projects, will be showcased at this year’s Invest in African Energy forum

PARIS, France, March 5, 2024/APO Group/ — 

The prospects for offshore oil and gas exploration have resulted in Namibia becoming a hotspot for hydrocarbon investment in recent years. Meanwhile, the country’s ambition to become a global hub for green hydrogen development – on the back of abundant, co-located solar and wind resources – is poised to support value-added industrialization, economic transformation and regional integration by stimulating exports to international markets. These developments and more will be unpacked at the Invest in African Energy (IAE) forum (https://apo-opa.co/49GYDOy) in Paris, where a Namibian spotlight session establishes Namibia as the premier destination for diversified energy investments.

A quintet of major oil discoveries in Namibia’s Orange Basin have placed the country’s upstream oil and gas sector on the precipice of transformation. The Graff-1, La-Rona-1, Jonker-1X, Lesedi-1X and Venus-1 discoveries were made between 2021 and 2023 through a series of exploration campaigns led by supermajors Shell and TotalEnergies and state-owned QatarEnergy. Last month, TotalEnergies announced its continued exploration in the offshore Orange Basin, with appraisal drilling being conducted south and north-west of the Venus-1 discovery. These efforts have already resulted in the company intersecting hydrocarbon bearing intervals in the Mangetti-1X prospect, drilled 35km from the Venus-1 discovery.

Organized by Energy Capital & Power, IAE 2024 is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 14-15, 2024 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

In addition to the Orange Basin, Namibia’s onshore Kavango Basin is thought to hold more than 30 billion barrels of crude oil. Last November, E&P company ReconAfrica and its partner NAMCOR (National Petroleum Corporation of Namibia) gained approval for the second renewal exploration period on PEL 73 in the basin, running from January 2024 to January 2026. During this period, ReconAfrica will lead drilling to test the Damara Fold Belt and oil-prone rift plays in the basin. Meanwhile, oil and gas company 88 Energy signed a farm-in agreement with Monitor Exploration last November to earn up to a 45% non-operated working interest on the onshore PEL 93 in the Owambo Basin. The agreement will involve the acquisition of approximately 200-line-kilometers of low-impact 2D seismic data in mid-2024, along with a potential initial exploration well targeting the Damara gas play in 2025.

With production expected to start in 2026, the Kudu Conventional Gas Field – one of Namibia’s most prolific assets – is currently in its FEED stage and will be operated by oil and gas company BW Energy. Home to nearly 600 billion cubic feet of natural gas reserves, the development is expected to reach a peak production of 64 million cubic feet per day. Exemplifying the country’s integrated energy strategy, this exploration blitz has the potential to make Namibia one of Africa’s major oil and gas producers, while a wave of new seismic activity is poised to attract new independent and junior explorers to its frontier market.

Boasting an abundance of solar and wind resources, Namibia’s plans to expand power generation capacities are expected to see a share of 60% renewables by 2030. Within this timeframe, Namibia aims to install a total of 510 MW of grid-connected renewable energy capacity. This ambitious goal will be driven through competitive tenders from local and international IPPs that will be subject to PPAs with Namibia’s state-owned power utility NamPower and regional energy distributors. Last December, the government launched a tender inviting consultants to provide services for renewable energy projects spanning solar PV, wind and battery energy storage systems (BESS). Services will include environmental and social impact assessments and site studies for a number of upcoming solar PV and BESS projects.

Last May, Namibia commissioned sub-Saharan Africa’s largest green hydrogen production plant. The $10-billion project – led by green hydrogen development company Hyphen Hydrogen Energy – will be capable of producing 300,000 tons of green hydrogen and ammonia and will feature wind and solar plants with a combined capacity of 7 GW. This year, the country is expected to complete development of a 5 MW pilot plant, which will act as a testing facility for hydrogen production and handling. Hyphen Hydrogen Energy also signed a deal with finance vehicle SGD Namibia One Fund in December 2022 to secure €23 million in capital, while collaborating with Japan’s ITOCHU Corporation to enhance the company’s technical capabilities for successful project deployment.

With production costs estimated as low as $2 per kilogram, Namibia’s green hydrogen is poised to become the cheapest in the world, making the country an attractive partner for energy-hungry countries in the midst of the energy transition. As a result, Namibia could boost its GDP by $15-20 billion per year, create over 100,000 domestic jobs, export 14 GW of clean power to the Southern African Power Pool and reduce GHG emissions by 45-60 million tons of CO2 per year by 2040.  

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

Energy

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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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).

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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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