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Nigeria’s Oando PLC Joins African Energy Week (AEW) 2023 as Platinum Sponsor and Clean Energy Partner

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African Energy Chamber

Africa’s leading multinational energy company Oando PLC will participate at this year’s African Energy Week conference as a Platinum sponsor and clean energy partner

JOHANNESBURG, South Africa, July 20, 2023/APO Group/ — 

The African Energy Chamber (AEC) (www.EnergyChamber.org) is pleased to announce that Nigerian multinational energy company Oando PLC has joined the African Energy Week (AEW) 2023 conference and exhibition – taking place on 16 – 20 October 2023 in Cape Town – as a Platinum Sponsor and Clean Energy Partner. Representing a leading African independent, Oando’s sponsorship and partnership speaks to the calibre of the event as the biggest energy conference taking place on the continent.

As a well-established energy company with an impressive portfolio of assets in the oil and gas sector, Oando is responsible for driving a diverse range of assets include exploration, development and production for both onshore and offshore activities situated in Nigeria and the Exclusive Economic Zone of São Tomé and Príncipe. Through its subsidiary, Oando Energy Resources, the company’s focus is on upstream operations. At its core, the company’s strategy is to continually grow its reserves through the development of the company’s existing portfolio as well as through the acquisition of new assets.

Oando has stepped in as a strong partner for African countries, taking over high potential onshore assets with the aim of gradually growing reserves. What makes Oando stand out is its partnerships with both local energy firms and IOCs, which has enabled the company to hold interests in 16 licenses for the exploration, development and production of oil and gas assets in Nigeria. With these partnerships and a focus on sustainable growth, Oando is well-positioned to harness the full potential of Africa’s energy resources and create long-term value for the company’s stakeholders.

Oando boasts a comprehensive portfolio of producing, development, and exploration assets in the oil and gas industry, positioning the company for substantial growth and success. Currently, its producing assets encompass Oil Mining Licenses (OML) such as Qua Iboe (OML 13), Ebendo Field (OML 56), OML 60, OML 61, OML 62 and OML 63.

Moreover, the company has a promising pipeline of development assets, slated for production in the near future. These include OML 90 and OML 122, which hold tremendous potential for bolstering Oando’s operational capacity.

Furthermore, in the realm of exploration, Oando holds interests in several strategic assets. These include OMLs 321 and 323, as well as Blocks 5 and 12, OML 131 and OML 145. The presence of such exploration assets offers promising avenues for expanding the company’s reach and discovering new reserves.

With a strong commitment to driving successful project developments in Africa, Oando brings a wealth of experience to AEW

With this diverse and robust array of assets, Oando has established a firm foundation for its business operations, ensuring a strong and sustainable presence in the dynamic and ever-evolving oil and gas sector.

Given the fact that over 600 million people across Africa lack access to electricity and 900 million lack access to clean cooking solutions, the company’s activities in oil and gas exploration, production and development play a significant role in meeting the region’s energy demands. By doing so, the company is also contributing to the continent’s objective of eradicating energy poverty by 2030.

Meanwhile, through Oando Clean Energy (OCEL), a subsidiary of Oando Energy Resources within the Oando group, the company invests in sustainable and viable energy solutions, utilizing green and renewable sources to meet the continent’s energy needs. In 2022, OCEL took a proactive step in contributing to the reduction of greenhouse gas emissions while promoting economic growth by entering into a Memorandum of Understanding (MoU) with the Lagos Metropolitan Area Transport Authority. The MoU outlines a collaborative effort between the two entities to design, implement, regulate and manage a sustainable and integrated public transportation system. This system aims to utilize renewable energy sources while promoting economic growth.

“Oando PLC is a renowned leader in sustainability and clean energy efforts. With a strong commitment to driving successful project developments in Africa, Oando brings a wealth of experience to AEW,” states NJ Ayuk, the Executive Chairman of the AEC.

The participation of African energy companies holds immense significance in shaping the energy landscape of the continent, and Oando stands at the forefront, showcasing its unwavering dedication to making substantial advancements towards an energy-secure Africa.

“By prioritizing sustainability and clean energy initiatives, Oando sets an inspiring example for the entire industry, laying the groundwork for a more environmentally conscious and prosperous future. We eagerly anticipate the company’s attendance at our forthcoming event and look forward to the discussions and contributions the company will provide,” he adds.

Oando’s confirmation as a Platinum Sponsor and Clean Energy Partner at AEW 2023 speaks volumes about the significance of this event, positioning it as the preeminent platform for energy investment in Africa. To sign up as a sponsor visit our website: https://apo-opa.info/44TGQAU

African Energy Week (AEW) is the African Energy Chamber’s (AEC) interactive exhibition and networking event, established in 2021, that seeks to unite African energy stakeholders, drive industry growth and development, and promote Africa as the destination for African-focused events.

Distributed by APO Group on behalf of African Energy Chamber.

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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