Connect with us
Anglostratits

Business

PetroNor Exploration & Production (E&P) Chairman to Spearhead Sustainable Oil Practice Dialogue at African Energy Week (AEW) 2023

Published

on

PetroNor

PetroNor E&P Chairman Eyas Alhomouz will deliver a keynote address at African Energy Week 2023, providing insight into the independent oil and gas company’s African exploration efforts as well as sustainability practices

JOHANNESBURG, South Africa, July 19, 2023/APO Group/ — 

Independent oil and gas company PetroNor has been advancing its footprint across the African energy sector, driving the next wave of sustainable oil and gas developments. Leveraging its experience and strong partnership potential, the company is awakening new hydrocarbon plays continent-wide while accelerating the development and monetization of resources in mature markets. As an independent, PetroNor E&P serves as an example for other E&P companies looking at strengthening their presence and investing in Africa’s oil and gas space, as the company progresses with its exploration agenda, a wave of upstream success is on the horizon for Africa.

This year’s edition of the African Energy Week (AEW) conference – taking place in Cape Town from October 16-20 – serves as a platform where independents such as PetroNor can accelerate their E&P efforts in Africa. The event, representing the biggest gathering of energy stakeholders on the continent, connects African governments and policymakers with global investors and project developers, and this year, PetroNor E&P Chairman Eyas Alhomouz will return to the conference as a keynote speaker.

As the Chairman, Alhomouz plays an instrumental part in driving the company’s exploration and production agenda. Having worked in various positions across the global oil and gas sector, including in the United States, Middle East and North Africa, Alhomouz has garnered significant expertise in oilfield services, business development and management. Before taking on the role as Chairman at PetroNor E&P, Alhomouz worked for Schlumberger Oilfield Service – now SLB; Cromwell Energy; Prism Seismic and Jaidah Energy. A degree in Chemical Engineering and Masters in Mineral and Energy Economics further consolidate his position as an industry expert.

At PetroNor E&P, this experience has enabled him to lead the company from one success into another. As a rising E&P player worldwide, PetroNor E&P continues to showcase its potential as a strong and reputable oil and gas competitor as well as fierce advocate for the sustainable development of hydrocarbons. PetroNor E&P has a commitment to operating responsibly and to endeavors that enrich the communities in which it operates. As such, PetroNor E&P is spearheading corporate social investments, with various programs underway to bolster capacity building and community outreach. These include a Power to Educate program, aimed at supporting O&G training in emerging countries; a Tertiary Technical Capacity Development initiative, aimed at improving access to quality education; a platform for advancing gas-based energy solutions for households and health initiatives aimed at training local health and medical professionals while investing in facilities.

Independent oil and gas companies such as PetroNor have set a benchmark for the global energy industry

The company deploys state-of-the-art technology across its upstream portfolio with the aim of maximizing operational efficiency and reducing environmental impacts. With a focus on sub-Saharan Africa, the company currently has multiple licenses in West Africa, including the Republic of Congo, The Gambia, Guinea-Bissau, Senegal and Nigeria.

The company continues to make progress across the MSGBC region, where major offshore projects have revealed the potential for both shallow and deepwater finds. PetroNor E&P holds interests in the A4 license in The Gambia as well as a 90% operating stake in Senegal’s exploration blocks ­– the Rufisque Offshore Profond and Senegal Offshore Sud Profond. This year, PetroNor E&P signed an agreement to farm-out 100% of its participating interest in the Sinapa and Esperança licenses offshore Guinea-Bissau, enabling the company to strengthen its balance sheet and redirect capital and technology to other regional exploration drilling campaigns.

Meanwhile, in the Republic of Congo, PetroNor E&P continues to make strides towards increasing production on the back of upstream drilling. The company commenced with infill drilling in May 2023 on the Tschibeli field. The first half of the year saw PetroNor E&P average gross production of 30,330 barrels per day, representing a 15% increase year-on-year and made possible through strong contributions from six wells on the Litanzi and Tchibelie fields drilled in 2022. Also in 2022, PetroNor E&P completed the acquisition of Panoro Energy’s interest in Offshore Mining License 113 in Nigeria, comprising the Aje oil and gas field.

“Independent oil and gas companies such as PetroNor have set a benchmark for the global energy industry. Placing sustainability at the core, PetroNor is not only a strong competitor in the African oil and gas market but is at the forefront of economic growth through its focus on social investment, capacity building and outreach. For Africa to unlock the true potential of its oil and gas resources, the continent needs companies such as PetroNor,” states NJ Ayuk, Executive Chairman of the African Energy Chamber (AEC). “We are excited to once again host Alhomouz in Cape Town for AEW and look forward to the discussions he will be leading regarding the E&P-sustainability nexus in Africa.”

During AEW 2023, Alhomouz will participate in several panel discussions and presentations centered on African exploration and production; integrating sustainable oilfield practices in future developments; and the role independent oil and gas companies play in Africa’s energy future. His engagement through various networking forums and investors summits is aimed at driving new deals across Africa, with a series of updates regarding PetroNor E&P’s long-term agenda will be provided.

AEW is the AEC’s annual conference, exhibition and networking event. AEW 2023 unites African energy stakeholders with investors and international partners to drive industry growth and development and promote Africa as the destination for energy investments. For more information, visit www.AECWeek.com

Distributed by APO Group on behalf of African Energy Chamber.

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

Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

Published

on

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).

Continue Reading

Business

Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

Published

on

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.

 

Continue Reading

Trending