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Petrobras to Lead Brazilian Companies to African Energy Week (AEW) 2024

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African Energy Chamber

A delegation led by state-owned Petrobras, whose recent blocks acquisitions in Africa target play-opening discoveries in emerging markets, has joined Africa’s largest energy event

CAPE TOWN, South Africa, October 22, 2024/APO Group/ — 

Brazil’s state-owned oil and gas company Petrobras is leading a delegation of Brazilian companies to the African Energy Week (AEW): Invest in African Energy conference – taking place November 4-8 in Cape Town. The move follows a string of acquisitions made by Brazilian companies in Africa in recent months and aims to unlock new avenues for partnerships in oil and gas exploration and production.

The delegation comprises Petrobras’ Exploration and Production Director Sylvia dos Anjos; Dr. Roberto Ardenghy, President of the Brazilian Institute of Oil and Gas; Dr. Marcio Mello, Founder of the Namibia Energy Corporation; and Henrique Luiz de Barros Penteado, Petrobras Netherlands B.V. Exploration Manager. As the largest energy event in Africa, AEW: Invest in African Energy 2024 offers a strategic platform for strengthened Africa-global partnerships.

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 http://www.AECWeek.com for more information about this exciting event.

Companies such as Petrobras are already strengthening their portfolio of African assets, driving projects forward in partnership with African and global players

Petrobras – the biggest oil producer in Brazil – is rapidly expanding its footprint in Africa, with strategic acquisitions in South Africa, Namibia and São Tomé and Príncipe. In September 2024, the company’s board gave the greenlight to acquire a 10% stake in the offshore Deep Western Orange Basin in South Africa, heralding a new era of exploration in the promising block. Situated adjacent to where high-profile discoveries have been made in Namibia, the deepwater block offers significant potential for billion-barrel finds. The block is operated by energy major TotalEnergies alongside project partners QatarEnergy and Sezigyn.

In Namibia, Petrobras is making a bid for a 40% stake in the Mopane oil and gas exploration block, which international oil company Galp has put up for sale. The block was the host of a major discovery in January 2024, with reserves estimated as high as 10 billion barrels recoverable. Now, Galp is seeking farm-in partners to accelerate the development of the block. If successful, the acquisition would signal Petrobras’ entry into the market, which has been the host of some of Africa’s biggest offshore discoveries in recent years. This aligns with the company’s goal to expand its international footprint while paving the way for Namibia to leverage the expertise of its South American neighbor.

Petrobras’ return to Africa followed the acquisition of interests in three Shell-operated exploration blocks in São Tomé and Príncipe in December 2023. The deal covers Blocks 10, 11 and 13, aligning with the company’s strategy to expand its interests into frontier markets in Africa. The company has dedicated $1.3 billion over the next five years for exploration outside of Brazil, underscoring its commitment to diversifying its portfolio and driving exploration in Africa.

Looking ahead, Petrobras remains committed to frontier exploration opportunities. Recently, Petrobras has asked to consult geological data in Angola, Sierra Leone, Equatorial Guinea, Liberia, Benin and Ivory Coast. The company’s newfound upstream strategy aims to significantly enhance its production capacity while tapping into the potential of emerging and promising markets – particularly those in Africa. This extends to producing countries such as Angola, which continues to offer untapped potential in onshore and ultra-deepwater acreage. Angola and Brazil rank in the top ten globally for ultra-deepwater reserves, highlighting a strategic opportunity for collaboration. Frontier assets such as in the Namibe basin offer strategic potential for Petrobras. At AEW: Invest in African Energy 2024, these collaborative opportunities will be a key topic of discussion, with the Brazilian delegation engaging with industry leaders and project developers in Cape Town.

“Brazil’s exploration and production history bears remarkable similarities to that of its African counterparts, specifically frontier markets such as Namibia. Offering similar geological characteristics and with a string of large-scale projects underway, lesson learnt from Brazil can accelerate the pace and success of oil and gas developments in Africa. Companies such as Petrobras are already strengthening their portfolio of African assets, driving projects forward in partnership with African and global players,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

During AEW: Invest in African Energy 2024, the Brazilian delegation will participate in various panel discussions, tackling critical topics such as frontier exploration, sustainable oil and gas development and technology-driven drilling solutions. The delegation’s participation creates strategic opportunities for newfound partnerships as African countries move to unlock the full potential of their offshore oil and gas resources. 

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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