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Reimagining Resource-Rich Namibia: Namibia International Energy Conference (NIEC) to Explore Orange Basin Prospects

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Orange Basin

The sixth edition of the Namibia International Energy Conferences takes place April 23-25 in Windhoek

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JOHANNESBURG, South Africa, February 16, 2024/APO Group/ — 

Namibia expects to produce first oil by 2030, with development plans underway for the eight discoveries made in the Orange Basin since 2022. This string of upstream success will not only create new opportunities for job creation, industrialization and long-term economic growth, but has demonstrated the lucrative potential of offshore oil in southern Africa.

Namibia’s recent upstream success and future investment opportunities will be a key focus during the Namibia International Energy Conference (NIEC) – taking place from April 23-25 in Windhoek. Movers and shakers from across the global and Namibia energy sectors will convene to discuss pathways to unlocking the full potential of the Orange Basin while drawing attention to emerging opportunities in surrounding fields.

NIEC is an influential event that brings together policymakers, energy stakeholders, investors and international partners to foster industry growth. Now in its sixth edition, the event takes place in partnership with the African Energy Chamber and serves to highlight Namibia’s position as a prime investment decision. Visit www.NIEConference.com for more information.

High-Impact Discoveries Yield Positive Results

Multinational energy corporation Galp made two discoveries in PEL 83 this year, kicking 2024 off to an exciting start. The company discovered a column of light oil in high quality reservoir-bearing sands at the Mopane-1X well in January 2024. This find was shortly followed by a second discovery at the well, following the drilling, coring and logging of a deeper target. Galp’s contracted rig has proceeded to spud the Mopane-2X well while a Drill Stem Test is conducted at Mopane-1X.

Shortly after, supermajor TotalEnergies discovered hydrocarbon-bearing intervals at the Mangetti-1X well in Block 2913B. A probe is currently being drilled as the major aims to determine commercial viability. TotalEnergies’ most recent find follows a discovery made in 2022 which opened up the Orange Basin. The Venus-1 discovery – located in PEL 56 – represented one of the largest in the world since the turn of the century, and likely holds as much as two billion barrels of recoverable reserves.

Our theme, Reimagine Resource-Rich Namibia, encapsulates our vision to create a prosperous, inclusive and sustainable future for all Namibians

Energy major Chevron filed for an environmental clearance certificate for oil and gas exploration in PEL 90 in November 2023. The company plans to drill five exploration wells and five appraisal wells, with the first well expected to be spud in Q4, 2024.

Energy major Shell has made four discoveries in the basin, with the Jonker-1; La Rona; and Graff-1 wells expected to hold 1.7 billion barrels. The Jonker-1 alone likely holds as much as 300 million barrels. The fourth discovery made was the Lesedi-1X well. These discoveries have made the country one of the hottest oil plays worldwide, with approximately 11 billion barrels of reserves estimated to be held in the Orange Basin.  

Looking Ahead: M&A Activity Grows

Eager to replicate upstream success, a slate of E&P companies have either entered or expanded their presence in the Orange Basin. TotalEnergies has dedicated 30% of its exploration and appraisal budget to the country while acquiring an additional 10.5% participating interest in Block 2913 and further 9.39% stake in Block 2912. Oil and gas exploration company Rhino Resources Namibia has plans to drill up to ten wells in Block 2914 while E&P company Woodside Energy acquired a 56% interest in PEL 87 in March 2023.

Meanwhile, oil and gas company Africa Oil acquired an additional 6.25% interest in Block 3B/4B in the Orange Basin in July 2023 while private exploration firm Impact Oil & Gas agreed to finance additional exploration in Block 2912 with a $95 million Open Offer signed in May 2023.

NIEC: The Official Dealmaking Platform for Namibian Energy

Taking place under the theme, Reimagine Resource-Rich Namibia: Turning Possibilities in Prosperity, NIEC 2024 builds of the success of the upstream market to connect new players to Namibia’s offshore acreage. The event features discussions on development strategies; untapped market opportunities; potential partnerships, and many more, driving deals and multilateral business.

Ndapwilapo Selma Shimutwikeni, CEO and Founder of NIEC-organizer RichAfrica Consultancy, stated that, “Our newfound energy resources present immense potential…we must strategically prepare ourselves to harness the full value chain of these resources. Our theme, Reimagine Resource-Rich Namibia, encapsulates our vision to create a prosperous, inclusive and sustainable future for all Namibians and to position the country as a leading energy hub.”

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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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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