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Republic of Congo to Host 30th Session of the Vendredis de Carrefour in December

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African Energy Chamber

The 30th session of the Vendredis de Carrefour returns to the Republic of Congo from December 4-5, tackling key topics under the theme Local Content and the Domestic Market: What to do, how to do it, with whom to do it, alone or together. Organized by Think Tank Carrefour under the patronage of Bruno Jean-Richard Itoua, Minister of Hydrocarbons of the Republic of Congo, the event offers a platform for companies to formulate strategies for enhancing local content across the growing oil, gas and renewable energy sectors, with the goal of identifying concrete solutions to boost local production, reduce dependence on imports and stimulate job creation.

An African Energy Chamber (AEC) delegation – led by Executive Chairman NJ Ayuk – has joined the event to contribute to discussions on oil, gas and the impact of domestic markets. Recognizing the role the event plays in fostering greater collaboration across the industry, the AEC’s participation reflects its commitment to alleviating energy poverty in Africa. The 30th session of the Vendredis de Carrefour offers a unique opportunity for the industry to connect and address key challenges to development.

Integrating local content within the Republic of Congo’s energy strategy is key

The 30th session of the Vendredis de Carrefour comes at a key moment for the Republic of Congo, as the country advances oil and gas development in pursuit of accelerated economic growth. A cornerstone of the country’s energy strategy is the natural gas sector, with ongoing projects offering the promise of job opportunities, local contracts and enhanced fuel supply. Major projects include the Eni-led Congo LNG, which began production in December 2023. The project is nearing completion for its second phase, with the Nguya FLNG unit departing Shanghai for the Marine XII offshore concession in August 2025. With a capacity of 2.4 million tons per annum (mtpa), the addition of this new vessel will increase production capacity at the project to 3 mtpa.

China’s Wing Wah is also advancing the development of the Bango Kayo project. The multi-phase development aims to produce LNG, LPG, butane and propane, primarily targeting the domestic market. The project alone is anticipated to create between 3,000 and 3,300 jobs while creating additional social benefits such as excess power and treated water for nearby communities. Wing Wah recently signed a $23 billion hydrocarbon deal for the integrated development of the Bango Kayo, Holmoni and Cayo permit, signaling its commitment to unlocking greater value from the project.

Downstream, the Republic of Congo continues to drive projects forward with the goal of strengthening fuel security and reducing refined product imports. Key developments include the Fouta Refinery, situated near Pointe-Noire and on track for first production in 2025. The project will produce 2.5 mtpa of refined products, significantly reducing the nations reliance on imports. The project complements ongoing modernization activities at the CORAF Refinery. Both projects are at the center of the Republic of Congo’s energy strategy. The country is also developing a pipeline connecting Pointe-Noire’s western port to Brazzaville. Undertaken in collaboration with international partners, the project will enhance fuel transport efficiency, thereby strengthening domestic energy security and supporting regional integration.

Stepping into this picture, the upcoming 30th session of the Vendredis de Carrefour stands at the intersection of the Republic of Congo’s energy projects and its local content aspirations. Offering a rich program spanning two days, the event will cover a variety of topics, from upstream oil and gas development to the energy transition to human capital development and financing. By uniting international and regional stakeholders, the event will lay the foundation for a national strategy to develop local content.

“Integrating local content within the Republic of Congo’s energy strategy is key. This is why I am attending the 30th session of the Vendredis de Carrefour. As the country continues to advance large-scale projects, it becomes imperative to prioritize domestic markets, job creation and unlocking tangible opportunities for the people,” stated Ayuk.

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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