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PETROCI Chief Executive Officer (CEO) Joins African Energy Week (AEW) 2024 as Focus Shifts to Accelerated Offshore Exploration

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Fatoumata Sanogo, Petroci’s CEO, will speak at African Energy Week: Invest in African Energy in November, aiming to attract investments into Ivory Coast’s oil and gas sector

CAPE TOWN, South Africa, July 30, 2024/APO Group/ — 

Ivory Coast’s national oil company PETROCI and Guinea-Conakry’s national oil company SONAP signed a Memorandum of Understanding (MoU) in June for a collaborative effort to enhance oil exploration and production in Guinea, leveraging PETROCI’s extensive expertise and resources. The MoU includes support and technical assistance, knowledge exchange, training, and logistical support, underscoring the shared commitment to advancing the socio-economic development of Africa.

As PETROCI continues to expand its presence across the region, the company’s CEO Fatoumata Sanogo, along with a delegation, will participate in the African Energy Week (AEW): Invest in African Energy 2024 conference – scheduled for November 4-8 in Cape Town. Sanogo is set to discuss upcoming investment opportunities in Ivory Coast’s oil and gas sector as well as project updates and latest developments.

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.

Its collaboration with SONAP and ongoing projects like the Baleine field development demonstrate a commitment to leveraging expertise and enhancing regional partnerships

PETROCI is focused on establishing Ivory Coast as a central hub for petroleum products and is currently optimizing hydrocarbon resource development. The company has embarked on several noteworthy projects – including the Baleine oil field development – and partnerships with major players like Eni and TotalEnergies. The national oil company was also recently awarded Production Sharing Contracts (PSC) by the Ivorian government for Blocks CI-523 and CI-525 which contain the Ibex, Gnou, Kudu and Eland gas fields.

The acquisition comes amid increased interest in exploration following Eni and PETROCI’s discovery at the Baleine-1X well in 2021. This discovery, appraised by the Baleine East-1X well in 2022, confirmed around 2.5 billion barrels of oil and 3.3 trillion cubic feet of gas across blocks CI-101 and CI-802. By 2023, the FPSO Firenze set sail from Dubai and enabled the commencement of oil and gas production offshore Ivory Coast. The project is being developed in three phases, the first of which comprises production through the Belaine FPSO, which has a capacity of 15,000 barrels per day (bpd) and 25 million cubic feet per day (mscf/d) of gas. Production started in 2023. The second phase – expected to commence by the end of 2024 – will increase production to 50,000 bpd and 70 mscf/d while the third – slated for 2025 – will further boost output to 150,000 bpd and 200 mscf/d.

Baleine is also set to be Africa’s first net-zero upstream oil development regarding Scope 1 and 2 emissions. Utilizing innovative technology, the project minimizing environmental footprint, with residual emissions offset through various in-country initiatives. Specifically, in partnership with the Ivorian government and humanitarian organization AVSI, PETROCI is implementing a stove distribution program which eliminates the need for wood-fired cooking solutions. The program aims to reach up to one million people over the next decade, setting a standard for clean cooking solutions in Africa.

Beyond Baleine, PETROCI is collaborating with various IOCs and independent E&P firms to accelerate exploration in Ivory Coast. In March 2024, PETROCI along with its partner Eni made a discovery in Block C1-205 – named Calao. The Calao discovery suggest reserves ranging from 1 to 1.5 billion barrels of oil equivalent. Additionally, the NOC signed a PCS with Ice Oil & Gas for offshore block CI-705 last November, granting Ice Oil & Gas a seven-year exploration campaign with an investment of at least $40 million in hydrocarbon exploration. Moreover, E&P company Murphy Oil signed PSCs with the NOC for five Ivory Coast blocks, including shallow and deep offshore water areas, further underscoring PETROCI’s commitment to expanding the nation’s hydrocarbon potential.

“PETROCI’s strides in advancing oil and gas exploration in Ivory Coast not only exemplify the important role of NOCs but also underscores its impact on the broader West African energy landscape. Its collaboration with SONAP and ongoing projects like the Baleine field development demonstrate a commitment to leveraging expertise and enhancing regional partnerships to drive socio-economic growth,” states NJ Ayuk Executive Chairman of the African Energy Chamber.

At AEW: Invest in African Energy 2024, the PETROCI delegation will showcase the company’s ongoing projects, including expansions in storage facilities and improvements in transportation routes for petroleum products. The event will serve as a pivotal platform for engaging with industry leaders, financiers and government officials to further its mission of strengthening Ivory Coast’s role in Africa’s energy landscape.

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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