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Namibian Petroleum Commissioner Maggy Shino to Speak at African Energy Week (AEW) 2024, Amid Series of World-Class Orange Basin Discoveries

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Maggy Shino

Maggy Shino, Petroleum Commissioner of Namibia’s Ministry of Mines and Energy, will discuss the country’s latest exploration activities at African Energy Week: Invest in African Energy 2024

CAPE TOWN, South Africa, August 14, 2024/APO Group/ — 

Following Galp’s hydrocarbon discoveries in the Mopane Structure in the offshore Orange Basin earlier this year – estimated to hold at least 10 billion barrels of oil and gas equivalent – Namibia has cemented its reputation as Africa’s premier exploration hotspot. Maggy Shino, Petroleum Commissioner of Namibia’s Ministry of Mines and Energy, will lead discussions on the country’s evolution into a hydrocarbon producer and the status of existing high-profile discoveries by Shell and TotalEnergies at African Energy Week (AEW): Invest in African Energy 2024, scheduled for November 4-8 in Cape Town.

As a frontier market with a world-class proven petroleum system, Namibia has garnered the attention of major explorers and anticipates first oil from its deepwater Orange Basin by 2030. While TotalEnergies and Shell carry out appraisal of their respective discoveries – with TotalEnergies’ Venus-1 discovery estimated to hold over 5 billion barrels alone – Chevron is set to drill its first exploration well in PEL 90 by the close of 2024. Onshore, ReconAfrica recently spud the Naingopo-1 well as part of a multi-well exploration campaign in the Kavango Basin in PEL 73. Home to the highly prospective Damara Fold Belt, the area is estimated to contain over 22 trillion cubic feet of undiscovered gas.

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 Ministry’s proactive approach in advancing oil and gas exploration and appraisal activities

Reflecting dynamic interest in Namibia’s offshore acreage, the country has seen a series of farm-in deals in recent months. Last month, BW Energy farmed-in into PEL 73, contributing up to $141 million in working capital and stipulating the company’s participation in two Damara Fold Belt exploration wells and a 3D seismic program. Azule Energy acquired a 42.5% interest in Block 2914A in the Orange Basin from Rhino Resources Namibia in May 2024, while Eco Atlantic announced a farm-in into Block 1 in the Orange Basin from Tosaco Energy in June 2024. Global Petroleum is currently in early commercial discussions over a potential farm-in agreement for its PEL 94 in the offshore Walvis Basin.

Commissioner Shino is also expected to speak on Namibia’s long-term gas development plans. The country is targeting FID for the Kudu Conventional Gas Development this year, with production expected in 2026. The highly-anticipated project – currently in the Front-End Engineering and Design phase – will deliver gas to an 885 MW combined cycle gas turbine, boosting domestic power generation capacity and creating opportunities for diversified industries and economic growth.

To support its long-term production goals, the Ministry of Mines and Energy is advancing petroleum revenue management legislation, along with dedicated local content policies ahead of first production. These measures are designed to optimize the benefits of Namibia’s extractive sectors by ensuring effective revenue management and generating opportunities for the local workforce and value-added activities. During AEW: Invest in African Energy, Namibia’s industry milestones and future plans will be unveiled, affirming the role of private-public partnerships, local content policy formulation and sustained foreign investment in fast-tracking development of the country’s hydrocarbon resources.  

“Ongoing discoveries in the Orange Basin underscore Namibia’s potential to stimulate broad economic growth and attain energy security not just for the country, but also the wider SADC region. The Ministry’s proactive approach in advancing oil and gas exploration and appraisal activities, as well as local content policies, will be crucial in realizing these goals and establishing a model for other emerging producers to follow,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

At AEW: Invest in African Energy 2024, Commissioner Shino and the Namibian delegation will present ongoing projects, discuss new exploration opportunities and engage with global industry leaders and stakeholders to further Namibia’s oil and gas ambitions. The event promises to be a pivotal platform for showcasing Namibia’s potential and attracting new investments to its burgeoning upstream sector. 

Distributed by APO Group on behalf of African Energy Chamber.

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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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Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

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As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

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

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

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

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