Connect with us
Anglostratits

Business

Rosatom Accelerates African Nuclear Development, Joins African Energy Week (AEW) 2024 as Gold Sponsor

Published

on

Rosatom

The state-owned nuclear corporation has announced a strong pipeline of nuclear projects across Africa

CAPE TOWN, South Africa, October 14, 2024/APO Group/ — 

Russia’s state-owned nuclear corporation Rosatom has joined the African Energy Week (AEW): Invest in African Energy conference – scheduled for November 4-8 – as a gold sponsor. The sponsorship aligns with the corporation’s ambitions to strengthen its presence in Africa and follows a strong of deals forged with various African countries in the fields of nuclear power development, knowledge sharing and mining.  

Currently, there is a surge in nuclear energy adoption in Africa, with projects targeting 15 GW of operational capacity by 2035, the Nuclear Business Platform estimates. Over 10 African countries are looking to embrace nuclear energy, the majority of which are leaning on global partnerships such as those fostered with Rosatom to accelerate project development. Rosatom’s return to AEW: Invest in African Energy reflects its growing intention to support projects in Africa.  

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event.

The company is focused on supporting the construction of nuclear energy facilities while concurrently scaling up capacity building, mining activities and regulatory support

Rosatom signed an agreement with the Republic of Congo – which has ambitions to enhance the adoption of nuclear energy – in July 2024. The deal will see the parties collaborate on the peaceful utilization of nuclear energy and hydroelectric power. This aligns with the Republic of Congo’s efforts to diversify its energy mix beyond oil, leveraging Rosatom’s expertise to improve energy access.

The agreement followed the signing of an MoU with Guinea-Conakry in June 2024 to cooperate on the development of floating nuclear power plants. The corporation currently operates the world’s only floating co-generation nuclear power plant – Akademik Lomonosov – and aims to construct an additional 7 facilities worldwide. Suitable for remote regions with undeveloped or unreliable power grids, floating nuclear offers a range of benefits for African countries. As a small nuclear power plant, the facilities provide access to clean and affordable power for hard-to-reach communities, offering an environmentally-friendly energy option with 24/7 operational capacity. The agreement with Guinea-Conakry will see Rosatom construct floating nuclear plants, equipped with RITM-200 reactors. Power will be used to support industrial and domestic consumption.   

Rosatom also signed an agreement with Burkina Faso’s Ministry of Energy, Mines and Quarries for the construction of a nuclear power plant in the country. Construction will be complete by 2025 with the project expected to double Burkina Faso’s power production by 2030. The deal also features a clear roadmap to enhance the country’s nuclear power adoption, including the establishment of a regulatory framework for nuclear energy.

In addition to nuclear power development, Rosatom is driving nuclear energy capacity building and training across Africa. The company aims to utilize its expertise in the industry to support human capital development across the continent, with various programs in place to achieve this goal. In South Africa – the continent’s only nuclear power producer – Rosatom signed an agreement with the state-owned power utility Eskom for a nuclear action plan for the period 2024-2026. The plan comprises joint education initiatives, joint degree programs and workforce training. South Africa plans to continue utilizing nuclear power to fulfil both its domestic and industrial needs. Recently, the Koeberg station – accounting for 5% of South Africa’s power supply – has been approved to run for an additional 20 years. The Rosatom-Eskom plans aims to support this by equipping the workforce with the requisite skills and capacities. 

To support nuclear production in Africa, Rosatom is also advancing uranium mining across the continent. The company plans to start mining uranium in Namibia by 2029, with plans in place to complete the prospecting and exploration phase of the Wings Project by 2026. At a total investment of $500 million, the project will produce 5,000 metric tons of uranium per year.

“Rosatom represents a strong partner for Africa’s nuclear industry. The company is focused on supporting the construction of nuclear energy facilities while concurrently scaling up capacity building, mining activities and regulatory support. Nuclear has the potential to transform the continent’s power landscape and with partners like Rosatom, Africa is well positioned to tap into this growing market,” states NJ Ayuk, Executive Chairman of the African Energy Chamber. 

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