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Nigerian National Oil Company (NNPC) Confirmed as Diamond Sponsor of African Energy Week (AEW) 2022

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Nigerian National Oil Company

The Nigerian National Oil Corporation has joined Africa’s premier event for the oil and gas industry as a diamond sponsor, speaking to the caliber of the event as the premier forum driving investment in African energy

JOHANNESBURG, South Africa, August 17, 2022/APO Group/ — 

Representing the biggest energy event taking place in Africa in 2022, African Energy Week (AEW) 2022 (AECWeek.com) is proud to be joined by the Nigerian National Oil Company (NNPC), one of the continent’s biggest national oil companies (NOC), as a diamond sponsor. With the sponsorship, the NNPC will make a strong case for investment in 2022 and beyond, while leading critical discussions around the need to increase exploration and production, opportunities created through progressive legislation and positioning NOCs as the energy companies of the future in Africa.

For years’, the NNPC served as an ideal partner for international oil companies (IOC) in Nigeria, representing the Nigerian government in all oil and gas-related matters. Driving local content, strengthening the domestic market and ensuring Nigerian citizens benefit from the country’s oil and gas resources, the NOC served as an example for other NOCs in Africa. As such, and as diamond sponsor with an NNPC delegation coming to AEW 2022 in Cape Town, the organization will participate in and lead discussions around the role of NOCs in Africa’s energy future, with dedicated NOC forums serving to broaden dialogue and redefine current narratives.

The sponsorship not only positions the newly privatized company at the forefront of dialogue but further consolidates AEW 2022’s role as the continent’s premier energy event

Following years’ of being an NOC, on July 19 this year, the NNPC transformed into NNPC Limited – a fully commercial venture without government funding or control. The decision to transform the company from an NOC into a private enterprise follows the implementation of the Petroleum Industry Act, signed into law in 2021, and centered around improving transparency and productivity across the energy sector. Regulated by the Companies and Allied Matters Act 2020, NNPC Limited will focus predominantly on its role as an operator, prioritizing exploration and production and working closely with IOCs. With the transformation, the Nigerian energy sector has entered into a new era of transparency and regulatory certainty, with NNPC Limited expected to grow exponentially as 20% of the organization’s profits are reinjected to grow the business. 

The transformation comes at a time when Nigeria’s production has been on the decline, owing largely to reduced investment in exploration, declines in legacy fields and post-COVID-19 impacts. Now, focused on expanding exploration and production, NNPC Limited is set to make a strong case for investment and IOC participation in the sector, while setting the tone for other NOCs across the continent.

In this regard, during AEW 2022, NNPC Limited will drive discussions on the impact an enabling environment and the implementation of progressive legislature has on Africa’s energy sector. With the PIA and subsequent NNPC transformation, Nigeria has managed to establish a competitive and highly attractive market for regional and international players, while at the same time demonstrating the effectiveness of African-independent led developments. As diamond sponsor, the NNPC will provide insight into the newly formed organization’s plans for 2022 and beyond, while emphasizing the role NOCs and private oil companies will play in Africa.

“Having the NNPC as a diamond sponsor of AEW 2022 is huge. The sponsorship not only positions the newly privatized company at the forefront of dialogue but further consolidates AEW 2022’s role as the continent’s premier energy event. Centered around oil, gas and making energy poverty history, AEW 2022 is committed to strengthening investment and development across the entire energy value chain. What once was one of Africa’s biggest NOCs, the NNPC now represents one of the continent’s leading independents, driving exploration and production and emphasizing the role African companies will play in expanding the energy sector. We are proud to host the NNPC as a diamond sponsor and we look forward to discussions, deals and engagement led by the organization,” states NJ Ayuk, Executive Chairman of the AEC.

Distributed by APO Group on behalf of African Energy Week (AEW).

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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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