Connect with us
Anglostratits

Energy

Petroleum Oil and Gas Corporation of South Africa (PetroSA) Interim Chief Executive Officer (CEO) Joins African Energy Chamber’s G20 Forum Amid South African National Petroleum Company (SANPC) Formation, Operational Restructuring

Published

on

African Energy Chamber

PetroSA is currently seeking new investment partners to revitalize its gas-to-liquids refinery in Mossel Bay, South Africa

CAPE TOWN, South Africa, November 12, 2025/APO Group/ –Sesakho Magadla, Interim CEO of the Petroleum Oil and Gas Corporation of South Africa (PetroSA) will speak at the upcoming G20 Africa Energy Investment Forum – hosted by the African Energy Chamber (AEC) (https://EnergyChamber.org/) on November 21, 2025 in Johannesburg. As a follow-up to African Energy Week and a precursor to the G20 Leaders’ Summit, the forum provides a strategic platform for PetroSA to engage global investors as the company strives to revitalize legacy assets and advance fuel security across the country.

Magadla’s participation comes as the company undergoes a strategic restructuring, with the entity being incorporated into the newly-established South African National Petroleum Company (SANPC). The launch of the SANPC signals an important shift in South Africa’s oil and gas landscape and is expected to significantly improve the sector’s operational capacity and efficiency. The SANPC officially opened for business in April 2025 as a fully-fledged subsidiary of the Central Energy Fund (CEF), formed through the merger of three state-owned entities – iGas, PetroSA and the Strategic Fuel Fund – and operating under a lease and assignment model. The move allows the SANPC to lease select assets from the merging entities while isolating PetroSA’s legacy liability and the operational challenges at its gas-to-liquids (GTA) refinery in the Western Cape.

With the right investment and policy support, PetroSA can position the refinery at the heart of a diversified and resilient energy mix

For PetroSA, being incorporated into the SANPC enables the company to enhance its operational efficiency while making its assets more commercially viable. A key focus is the Mossel Bay GTL refinery which has been closed since 2020 due to lack of feedstock. When operational, the refinery produces high-value products from methane and condensate, including petrol, diesel, kerosene, propone and more. Work is currently underway with the support of the CEF to reinstate the facility and resolve its operational constraints, with the most pressing challenge being finance. While Russian gas giant Gazprom International secured a contract to revitalize the facility in 2023, the contract has since collapsed, underscoring the need for a new investment partner to restart operations. The G20 Forum offers a strategic platform for PetroSA to engage global investors, aligning its refinery revitalization plans with Africa’s broader natural gas and industrialization agenda.

“Natural gas has a critical role to play in South Africa’s energy future, not only as a cleaner, more efficient fuel but as a catalyst for industrial growth and energy security. Revitalizing the Mossel Bay GTL refinery represents more than just restarting an asset; it’s about building a bridge between South Africa’s upstream gas potential and its downstream fuel needs. With the right investment and policy support, PetroSA can position the refinery at the heart of a diversified and resilient energy mix that powers industries, creates jobs and strengthens national self-sufficiency,” states NJ Ayuk, Executive Chairman, AEC.

Through high-level dialogue and dealmaking, the G20 Forum supports PetroSA’s objective to attract capital for feedstock supply, infrastructure upgrades and downstream integration – all of which are key to ensuring South Africa’s sustained fuel supply, reducing reliance on imports and reinforcing the country’s resilience against global energy disruptions. The forum also offers a strategic opportunity for South Africa to engage international energy companies to advance offshore gas projects, most of which have been stalled due to environmental opposition. For the country’s energy future, the development of upstream natural gas – and its associated downstream infrastructure – represents a top priority, paving the way for enhanced fuel access and sustainable economic growth.

To register for the Forum click here (https://apo-opa.co/4oZJ0ZC).

Distributed by APO Group on behalf of African Energy Chamber.

Home  Facebook

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

Published

on

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.

Continue Reading

Business

Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

Published

on

Energy

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.

Continue Reading

Business

Guyana’s Next Wave of Offshore Projects Sets the Stage for Caribbean Energy Week Launch

Published

on

Etu Energias

The Caribbean Energy Week 2027 launch in Georgetown on September 1 will highlight the multi-billion-dollar developments driving Guyana toward 1.7 million bpd and creating new opportunities across the energy value chain

GEORGETOWN, Guyana, August 6, 2026/APO Group/ –Guyana’s rapidly expanding offshore development pipeline will take center stage when government officials, operators, investors and service providers gather in Georgetown on September 1 for the official launch of Caribbean Energy Week 2027. As the country advances a series of multi-billion-dollar developments across the Stabroek Block, the launch event will provide an early look at the projects, partnerships and investment opportunities expected to define Guyana’s next phase of growth.

 

With more than 30 discoveries made to date and multiple projects under construction or progressing through development, Guyana is targeting oil production of 1.3 million bpd by the end of 2027 and 1.7 million bpd by 2030, up from approximately 900,000-910,000 bpd today. As exploration success transitions into long-term production growth, opportunities are expanding across upstream development, offshore infrastructure, engineering, logistics and oilfield services.

Among the most significant near-term milestones is the Uaru development, ExxonMobil’s fifth sanctioned project offshore Guyana, which is expected to achieve first oil in 2026. The $12.7 billion development will produce up to 250,000 bpd from approximately 800 million barrels of recoverable resources across the Uaru, Mako and Snoek fields, utilizing up to 76 development wells and an FPSO with storage capacity of two million barrels.

Production capacity will expand further through the Whiptail development, ExxonMobil’s sixth sanctioned project in Guyana. Targeting first oil in late 2027 or early 2028, the $12.7 billion project will unlock approximately 850 million barrels across the Whiptail, Pinktail and Tilapia fields through up to 72 development wells. Designed to produce 250,000 bpd, the development will utilize the Jaguar FPSO currently under construction by SBM Offshore.

Looking beyond the current construction pipeline, Guyana is already advancing the projects expected to sustain production growth toward its 2030 target. The Hammerhead development, approved in 2025, is expected to commence production in 2029 with capacity of 150,000 bpd, while the proposed Longtail development would combine the Longtail, Tripletail and Turbot discoveries into one of the country’s largest integrated offshore developments, with planned production of 1.5 billion cubic feet of gas per day and 290,000 bpd of condensate.

These projects illustrate the scale of Guyana’s long-term development pipeline and the breadth of opportunities emerging across the energy value chain. Beyond offshore production, continued investment will be required across subsea systems, floating production infrastructure, drilling, marine logistics, engineering services, gas infrastructure and local content development as successive projects move toward execution.

Caribbean Energy Week 2027 will host its in-country launch at the Guyana Marriott Hotel in Georgetown on September 1, 2026, bringing together government officials, investors, operators and industry stakeholders for an early look at the opportunities, priorities and partnerships that will shape the region’s energy future. To register, please visit https://apo-opa.co/4cql5i3

 

Distributed by APO Group on behalf of Energy Capital & Power.

Continue Reading

Trending