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Perenco’s Recent Deals and Activities Push an Ambitious Gas and Low Carbon Agenda

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3 years ago

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Perenco

Independent oil and gas company, Perenco, has undertaken an ambitious gas agenda in Africa, an agenda which is set to help make energy poverty history by 2030

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

Independent oil and gas company, Perenco, has been driving an ambitious natural gas expansion agenda in Africa, recognizing the role the resource plays in meeting growing demand, kickstarting industrialization and socioeconomic growth while accelerating the transition to a clean energy future. The company’s gas drive has not only enabled Perenco to expand its footprint across the continent but has been instrumental in helping the continent address energy poverty through job creation, capacity building and partnerships with local companies.

Driving Sustainable Gas Developments in Africa

With over 600 trillion cubic feet (tcf) of proven natural gas resources on the African continent, Perenco has been quick to cement its position at the forefront of the continent’s gas development, driving several operations across a number of high potential markets. With gas representing the fuel of the future in Africa, Perenco has taken an accelerated approach to developing resources, implementing operational excellence and sustainability throughout the company’s gas operations.

In Cameroon, for example, Perenco, in partnership with the country’s national oil company, Société Nationale des Hydrocarbures, has developed and is now operating the Hilli Episeyo Floating Liquefied Natural Gas (LNG) facility, the first of its kind worldwide. Eager to expand its operations in the sector even further, earlier this year, the company signed a definitive conditional agreement with oil and gas exploration company, New Age, whereby Perenco will acquire all of its participating interest in the permit as well as operatorship of the Etinde Joint Venture. The deal will see Perenco taking on a more proactive role in the country’s upstream gas industry while kick starting momentum at the Etinde conventional gas development project. Finally, Perenco also has two decisive agreements for the start-up of activities at the 6.5 million cubic feet per day Keda plant. As such, Perenco’s Cameroon gas agenda is progressing rapidly.

In North Africa, Perenco acquired Anglo-Swiss multinational Glencore’s entities, with Perenco now holding Glencore’s entire upstream oil interests in the country. With the acquisition, Perenco now holds full operatorship of PetroChad Mangara – the operator of the Mangara, Badila and Krim oil fields in Chad’s Doba Basin.

Perenco’s drive for low-carbon technology, renewables and operational practices has placed its approach to resource development as a highly sought-after method

What’s more, in the Republic of Congo, Perenco has been operating since 2001, with the independent now operating both the Emeraude and Likouala fields as well as the Yombo field with the Floating Production, Storage and Offloading unit and the PNGF South fields. Perenco’s production in 2021 equated to 75,000 barrels per day (bpd), with the company looking at scaling up exploration in the high potential market even further.

Meanwhile, in the Democratic Republic of the Congo (DRC), for example, Perenco represents the only company operating, with 11 production fields producing approximately 25,000 barrels of oil per day on average while the company invests heavily in new wells. With the DRC opening up 30 new blocks as part of its 2022 licensing round – three of which are gas blocks – opportunities for Perenco’s expansion across the market even further are optimistic.

Finally, in Gabon, production activity commenced in 1992, and now, the company has increased production from 8,000 bpd to 100,000 bpd and 50 million cubic feet of gas. Holding a number of both on- and offshore licenses across the country, Perenco additionally operates two FPSO’s, with the company providing natural gas to the power stations of Libreville and Port-Gentil. As such, Perenco has become a key player in Gabon’s power sector, delivering much-needed gas for power generation and distribution across the region.

A Steadfast Partner of Africa

Through the number of gas projects being driven by Perenco, the company has remained a steadfast partner of the continent and its developmental journey. The large-scale developments being steered by the company have not only significantly improved power supply and access across the continent – a particularly critical task given that over 600 million people are without access to electricity in Africa and over 900 million without access to clean cooking solutions – but have opened up new and crucial opportunities for job creation and capacity building, with the company stepping up as a local content advocate and community developer.

Perenco’s commitment to the continent goes beyond the social aspects, with the independent remaining committed to delivering environmentally-aware operations. By striking a balance between oil and gas development and sustainability – deploying state-of-the-art technology at its operations to reduce emissions, enhance efficiency while ensuring uttermost operational excellence, Perenco has placed hydrocarbon development in line with environmental protection.

“Perenco’s drive for low-carbon technology, renewables and operational practices has placed its approach to resource development as a highly sought-after method, with the company recording its carbon emissions and disclosing them to the relevant authorities so as to improve transparency. They still hire a majority of Africans on all their operations” NJ Ayuk, Executive Chairman of the African Energy Chamber

“We at the Chamber are very impressed with the innovative initiatives they have used to reduce all scopes of emissions including reductions in energy usage through optimization and field efficiency; using gas for power generation; reducing flaring; reducing air travel; and developing gas networks, Perenco has set a benchmark for other independents across the continent”. Concluded Ayuk

Distributed by APO Group on behalf of African Energy Chamber.

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High-Level Minister Roundup to Headline African Energy Week 2026

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2 days ago

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March 20, 2026

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African Energy Chamber

African Energy Week 2026 will convene ministers from Algeria, Ghana, Senegal, Zambia and Niger to spotlight oil, gas expansion, reforms and investment opportunities continentwide

CAPE TOWN, South Africa, March 13, 2026/APO Group/ –A high-level ministerial roundup will take center stage at this year’s African Energy Week (AEW) 2026 – taking place in Cape Town from 12–16 October –, convening some of the continent’s most influential energy leaders at a defining moment for Africa’s oil, gas and power sectors. As hydrocarbon expansion converges with accelerating energy transition strategies, the gathering is set to spotlight real-time project execution, regulatory reform and cross-border infrastructure that are actively reshaping Africa’s energy future.

 

Confirmed ministers to date include Algeria’s Minister of Energy and Renewable Energies Mourad Adjal, Ghana’s Minister for Energy and Green Transition Dr. John Abdulai Jinapor, Senegal’s Minister of Energy, Petroleum and Mines Birame Soulèye Diop, Zambia’s Minister of Energy Makozo Chikote and Niger’s Minster of Petroleum Hamadou Tinni.

 

Fresh from a March OPEC+ decision to lift output to 977,000 barrels of oil per day (bpd), Algeria enters AEW 2026 amid a $60 billion sector transformation. The country is also advancing a 500-well exploration drive and accelerating its 1.48 GW “Project of the Century” solar rollout. Gas exports to Europe remains central to the country, supported by hydrogen corridor planning and refinery expansion aimed at boosting capacity to 50 million tons by 2029.

 

Following license extension for Jubilee and TEN to 2040 and the late-2025 restart of the Tema Oil Refinery, Ghana is pushing a $3.5 billion upstream reinvestment plan while settling $500 million in gas arrears. A 1,200 MW state thermal plant and expanded gas processing at Atuabo anchor its gas-to-power shift, alongside a renewed upstream push in the Voltaian Basin.

The participation of these distinguished ministers underscores the scale of opportunity unfolding across Africa’s energy landscape and the urgency of aligning policy with capital

 

Senegal’s delegation comes on the back of strong production momentum, with the Sangomar oil field delivering 36.1 million barrels in 2025, outperforming forecasts, while the Greater Tortue Ahmeyim LNG development ramped up to 2.9 million tons per annum following first gas. Dakar is now prioritizing domestic gas through refinery upgrades at the SAR refinery and preparations for Sangomar Phase 2 to push output beyond 100,000 bpd.

 

Zambia is redefining its power mix after drought-induced hydro shortfalls. New solar capacity – including the 200 MW Chisamba expansion and 136 MW Itimpi Phase 2 – is part of a broader 2,500 MW diversification drive. Cabinet has approved major regional fuel pipelines, while the Energy Single Licensing System fast-tracks approvals. Lusaka targets 10 GW generation by 2030, with solar and wind rising to one-third of supply.

Niger’s presence reflects its emergence as a serious oil exporter, with the fully operational 1,950-km Niger-Benin pipeline now moving up to 90,000 bpd to international markets. Alongside uranium expansion and renewed cooperation with Algeria on upstream assets, Niamey is advancing digital oversight reforms and reinforcing energy sovereignty amid evolving geopolitical dynamics.

 

“The participation of these distinguished ministers underscores the scale of opportunity unfolding across Africa’s energy landscape and the urgency of aligning policy with capital,” says NJ Ayuk, Executive Chairman, African Energy Chamber. “Their leadership reflects a continent moving decisively from strategy to execution, creating a platform where investors can engage directly with the policymakers shaping Africa’s next wave of oil, gas and energy growth.”

 

At AEW 2026, this ministerial cohort will be well-positioned to offer investors direct insight into Africa’s most dynamic energy markets – where new barrels, new pipelines and new megawatts are reshaping regional growth trajectories in real time.

Distributed by APO Group on behalf of African Energy Chamber.

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Enlit Africa 2026 Programme: 280+ speakers, African nuclear 2.0, Bruce Whitfield Business Breakfast

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2 days ago

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March 20, 2026

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Enlit Africa

The event, taking place 19-21 May 2026 at the Cape Town International Convention Centre, expects 7,200+ attendees and 250+ exhibitors, making it Africa’s largest gathering of energy and water professionals

CAPE TOWN, South Africa, March 12, 2026/APO Group/ –Enlit Africa (https://apo-opa.co/4cEX08g) has released its full 2026 conference programme, featuring 280+ speakers across 8 specialised tracks including a new African Nuclear 2.0 session covering Koeberg’s 20-year life extension and Ghana’s nuclear vendor selection process.

 

The event, taking place 19-21 May 2026 at the Cape Town International Convention Centre, expects 7,200+ attendees and 250+ exhibitors, making it Africa’s largest gathering of energy and water professionals.

Award-winning business journalist and best-selling author Bruce Whitfield will deliver the opening address at the Project & Investment Network Business Breakfast on 19 May, kicking off three days of strategic sessions, deal-making platforms, and technical masterclasses.

New programme content includes:

African Nuclear 2.0 – A dedicated session examining the transition from planning to execution, featuring:

Koeberg Nuclear Power Station’s successful 20-year life extension (Units 1 and 2 now licensed until 2044/2045)

Ghana’s progression to Phase 3 of its nuclear programme, evaluating US, Chinese, and Russian technology bids

West African Power Pool‘s 10 GW regional nuclear capacity target

Small Modular Reactor (SMR) deployment readiness across African grids

Independent Transmission Projects (ITP) – A new session exploring how private investment is unlocking Africa’s transmission bottleneck, featuring global case studies from India’s PowerGrid and lessons for scaling grid capacity across the continent.

Generation Masterclasses – Five interactive roundtables on gas-to-power, nuclear, hydro power, clean coal, and hydrogen.

AI in Africa’s Power Grid – Examining practical deployment realities, real-time analytics, and predictive maintenance applications already in operation across African utilities.

Conference sessions and technical hub sessions on the expo floor are CPD-accredited by the South African Institute of Electrical Engineers (SAIEE) and the South African Institution of Civil Engineering (SAICE).

Co-located platforms:

Water Security Africa features country playbooks from Namibia (55-year potable reuse programme), Uganda (NRW reduction from 42% to 32%), Cape Town (Day Zero recovery strategies), and sector-specific stewardship sessions with Harmony Gold, Heineken, Mediclinic, and Growthpoint Properties.

Project & Investment Network (P&IN), part of the new Level 2 Executive Experience, connects project developers, investors, African utility CEOs, and DFIs through structured matchmaking, ministerial dialogues, and project briefings. Over the past two years, P&IN has facilitated $3 billion in project pitches.

Utility CEO Forum brings together 35+ confirmed utility CEOs under Chatham House Rule for candid, off-the-record strategic discussions on unbundling, prosumer management, and financial sustainability.

Municipal Forum addresses South African municipalities’ distribution, metering, and revenue challenges, including sessions on NRW management, tariff reform, Cost of Supply studies, and electrifying informal settlements.

Technical Hub sessions on the exhibition floor offer free, CPD-accredited training across Power, Renewable Energy & Storage, and Water tracks, with confirmed speakers from Eskom, ENGIE SA, ACTOM, National Transmission Company South Africa (NTCSA), RenEnergy, and Matla Energy.

Site visits on 22 May include Koeberg Nuclear Power Station and the V&A Waterfront desalination plant.

Pass options:
Free expo pass registration: https://apo-opa.co/4bl2bYu

Free expo passes provide access to 250+ exhibitors and CPD-accredited Technical Hub sessions.

Delegate Pass:
Early bird registration closes 3 April 2026. Delegate passes start at R15,100 (Silver), with P&IN Executive passes at R32,000 including access to the Bruce Whitfield breakfast, Level 2 executive lounge, and investor matchmaking.

Download the full programme: https://apo-opa.co/3NwCble

Register: https://apo-opa.co/4cEX08g

Distributed by APO Group on behalf of VUKA Group.

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Binance Secures Second Major Legal Victory in U.S. Court Under Anti-Terrorism Act in Two Weeks

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2 days ago

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March 20, 2026

By

Binance

US Federal Court in Alabama Dismisses All Claims Against Binance in Latest Lawsuit Victory

JOHANNESBURG, South Africa, March 12, 2026/APO Group/ –Binance (www.Binance.com), the world’s largest cryptocurrency exchange, announced today that a U.S. federal court in Alabama has dismissed all claims against the company in a lawsuit alleging violations of the Anti-Terrorism Act (ATA). This marks Binance’s second major legal victory in an  ATA matter within one week, following their victory in the Southern District of New York.

A Full and Complete Legal Victory

In a detailed 19-page ruling, the Court found the plaintiffs’ complaint to be legally and factually deficient. The court’s decision to dismiss every claim across the board represents a decisive legal victory for Binance.

Sanctions compliance and terrorism financing are serious matters of law – they require evidence, legal rigour, and due process

The judge described the filing as a “shotgun pleading.” The complaint failed to clearly specify the claims and improperly grouped all defendants together without distinguishing individual conduct or liability. The ruling also emphasized that the plaintiffs did not meet the basic pleading standard to provide a “short and plain statement” of their claims.

Following the ruling, the court granted the plaintiffs until April 10, 2026, to file an amended complaint addressing the deficiencies identified. However, the judge warned that failure to adequately address these issues would result in dismissal of the entire case.

Building on Momentum and Upholding Legal Integrity

“This decision reinforces our unwavering commitment to protecting Binance and our community from unsubstantiated and bad-faith lawsuits,” shared Eleanor Hughes, General Counsel at Binance. “Sanctions compliance and terrorism financing are serious matters of law – they require evidence, legal rigour, and due process. Courts have now examined these claims on two separate occasions and found them to be without merit. These outcomes speak for themselves. We will not tolerate attempts to misuse the legal system to target our industry, and we remain as committed as ever to transparency, security, and lawful conduct in everything we do”.

This latest decision follows closely on the heels of Binance’s comprehensive victory in New York (https://apo-opa.co/46Xg0ev), where the Court similarly rejected allegations that the company assisted, participated in, or conspired with terrorists. Together, these rulings reflect Binance’s strong resolve to protect its platform and community.

Binance has consistently invested in industry-leading compliance infrastructure, regulatory engagement, and legal governance. The company will continue to vigorously defend itself against any attempts to bring unfounded claims or misrepresent its operations.

Distributed by APO Group on behalf of Binance.

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