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Petrosen Director General to Discuss National Oil Company (NOC) Upstream Agenda at MSGBC 2023 Conference

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During the 2023 edition of the MSGBC Oil, Gas & Power conference, Petrosen Director General, Thierno Seydou LY, will share insights into the NOCs upstream agenda following first oil and gas production this year

NOUAKCHOTT, Mauritania, March 17, 2023/APO Group/ — 

Thierno Seydou LY, Director General for Senegalese national oil company (NOC), Petrosen, will participate at the 2023 edition of the MSGBC Oil, Gas & Power conference and exhibition (https://apo-opa.info/3YUMr6o) as a keynote speaker. During the event, Seydou will share the NOCs action plan for the upstream sector following the milestone of first oil and gas production, expected late 2023, as well as insight into progress made regarding local content, gas-to-power and other investment opportunities across the Senegalese E&P landscape.

With Senegal’s energy sector on the precipice of a transformation owing to first production at the 100,000 barrel-per-day Sangomar Oilfield development and the 2.3 million tons per annum (mtpa) Greater Tortue Ahmeyim (GTA) project, Petrosen, as the entity responsible for the government’s interests in all upstream commercial hydrocarbon activities, is committed to maintaining the development momentum ushered in with first hydrocarbons. As such, the company has prioritized the opening up of the upstream market even further, with first production representing a major incentive for interested players from the regional and global E&P landscape.

Under a consolidated development agenda which would see upstream developments translate into multi-sector investments on the back of revenue generation and reinjection, Senegal’s NOC is working towards ensuring O&G activities reap tangible benefits for the MSGBC population.

On the upstream front, Petrosen – alongside the Ministry of Petroleum and Energies – opened a licensing round in 2020 with a dozen blocks up for bid; supports the government’s goals outlined in Petroleum Code and Emergent Senegal Plan; and is working with its partners to get other large-scale projects off the ground. In addition to GTA’s Phase 1, the NOC has approved the development concept for Phase 2 of the project, which will see production increase from 2.3 mtpa to 5 mtpa while more than 20 blocks with high potential for discoveries are available, with more contracts expected to be signed this year.

Senegal’s NOC is working towards ensuring O&G activities reap tangible benefits for the MSGBC population

In addition to upstream expansion, the NOC has ambitious plans for local content and power generation, investing heavily in these segments of the economy so as to increase the contribution of the O&G industry to the wider Senegalese economy. Currently, Petrosen – under the leadership of Seydou – is working closely with the Senegalese National Local Content Monitoring Committee to strengthen the Local Content Law; on the development of key infrastructure including gas-to-power facilities; and towards the creation of the National Oil and Gas Institute – aimed at increasing the amount of experienced and skilled engineers and technicians.

Meanwhile, on the downstream front, Petrosen – through its downstream affiliate, Petrosen T&S – is working towards strengthening its presence across the industry, expanding operations into various industries including storage and petrochemicals while integrating the value chain with the future creation of a plant to produce urea from gas in order to supply the region with fertilizers. With a focus on economy-wide beneficiation, Petrosen is committed to developing every sector of the Senegalese economy on the back of oil and gas.

Serving as Director General, Seydou continues to play an instrumental part in strengthening the role of the NOC as an upstream player, ensuring that the company represents the ideal partner for majors and independents as well as a competitive player in its own right. With years of experience in the oil and gas space, and an ambition to kickstart socioeconomic growth in Senegal on the back of hydrocarbons, Seydou will drive discussions on Senegal’s E&P agenda, how the country will maintain its attractiveness for foreign investment and upcoming projects.

With regional cooperation at the fore, Petrosen continues to make strides towards positioning the country as a regional energy hub, and the MSGBC Oil, Gas & Power 2023 conference represents the ideal platform to advance this agenda.

Taking place from November 21-22 in Mauritania, MSGBC Oil, Gas & Power returns for another edition with a more refined deal-signing and engagement focus. In this sense, the event promises to be even bigger and better than before, with organizations such as Petrosen leading discussions on the future of the MSGBC regional energy sector. MSGBC Oil, Gas & Power 2023 will take place under the Patronage of H.E Mohamed Ould Cheik Ghazouani, President of the Republic of Mauritania in partnership with Ministry of Petroleum, Energy and Mines, the Société Mauritanienne Des Hydrocarbures Et De Patrimoine Minier (SMHPM), Petrosen, Cos Petrogaz and the African Energy Chamber.

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

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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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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