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SLB Elevates Subsea Technology in Africa as Gold, Networking Sponsor at African Energy Week (AEW) 2024

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Subsea Technology

Under the theme Energy Growth Through an Enabling Environment, African Energy Week: Invest in African Energy 2024 will take place from November 4-8 in Cape Town

CAPE TOWN, South Africa, August 30, 2024/APO Group/ — 

Technology and service provider SLB – through its OneSubsea subsidiary – was recently awarded a contract by multinational energy corporation TotalEnergies for the supply of subsea production systems for the Kaminho deepwater project in Block 20/11, offshore Angola. The contract, which was granted to OneSubsea last month, involves a 13-well subsea production system for the 70, 000 parrel per day project which expects first production in 2028. 

In an effort to advance technologies and support sustainable development in Africa, the company will participate in African Energy Week (AEW): Invest in African Energy 2024 as a gold and networking sponsor – scheduled for November 4-8 in Cape Town. SLB’s involvement in AEW: Invest in African Energy 2024 highlights its strategic focus on enhancing sustainable development and driving progress in Africa’s energy landscape.  

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 www.AECWeek.com for more information about this exciting event. 

As part of its agreement with TotalEnergies, SLB will support the Kaminho project locally for onshore operations with assembly, manufacturing of modules, installation, commissioning and life-of-field services. The project’s first phase will see SLB collaborate with the supermajor to deploy a highly configurable subsea production platform with a standardized vertical monobore subsea tree, wellhead and controls system and is expected to significantly enhance Angola’s access to potential energy resources. 

SLB’s innovative approach and unwavering commitment to excellence are critical for shaping the future of Africa’s energy industry

SLB focuses on technology and services for the energy industry with a strong focus on sustainability and technological advancement to achieve optimal performance while minimizing environmental impact. In January, SLB announced plans to increase its investments in Algeria, focusing on expanding its operational footprint and enhancing oil and gas production capabilities in the country. This includes deploying advanced oilfield technologies and real-time data analytics to optimize production and efficiency. The company has also committed itself to advancing local content and supporting local businesses in the country. 

Last year, SLB inked a contract with Libya’s parastatal National Oil Corporation (NOC) to drill three new wells in the country, further expanding its presence and activities in North Africa. The contract was the first of its kind in Libya and aligns with the the country’s goal to boost oil production at the Nesr and Al-Waha fields. Exemplifying the NOC’s commitment to enhance collaboration with global companies, the initiative is poised to enhance recovery from existing fields by accessing untapped reserves with new technologies and expertise. These efforts are crucial for optimizing production and supporting Libya’s economy, which relies heavily on oil revenues. 

Meanwhile, SLB and Angola’s oil and gas company Etu Energias signed a technical service agreement last September, which covers the development of Block 2/5 in Angola. The collaboration between SLB and Etu Energias involves the development of advanced engineering wells designed to optimize extraction processes and maximize production efficiency. These engineering wells are integral to tapping into the block’s vast reserves, ensuring that the extraction process is both effective and environmentally responsible. 

Additionally, the company has a longstanding presence in Egypt where its partnership with the Egyptian government and local companies serve to modernize the country’s oil and gas infrastructure. SLB’s activities in the country include the deployment of cutting-edge technology to improve exploration, drilling and production operations. The company is involved in the Zohr gas field project – one of the largest gas discoveries in the Mediterranean –, providing drilling and production services to enhance gas extraction and processing. 

“SLB’s innovative approach and unwavering commitment to excellence are critical for shaping the future of Africa’s energy industry. The company’s cutting-edge projects and technological advancements, such as advanced drilling techniques and real-time data analytics, are important in unlocking Africa’s vast energy potential. By enhancing recovery rates and optimizing production efficiency, SLB is not only driving economic growth but also setting new standards for sustainable energy practices across the continent, and we are more than thrilled to have them return to AEW: Invest in African Energy as a gold and networking sponsor” states NJ Ayuk, Executive Chairman of the African Energy Chamber. 

During AEW: Invest in Africa Energy 2024, SLB will showcase its latest innovations and discuss their ongoing and future projects in Africa. The conference will provide a platform for SLB to engage with industry leaders, financiers and government officials. The company’s participation underscores its dedication to driving growth and technological advancement within Africa’s energy sector. 

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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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).

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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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