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Talks With Hyve Group/Africa Oil Week Are Officially Off; African Energy Week (AEW) Scheduled for October 16-20 in Cape Town

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African Energy Week

Having reached out on multiple occasions to Africa Oil Week, African Energy Week will no longer pursue collaboration with the conference or event organizers and will continue to work towards supporting Africa’s energy sector and making energy poverty history at AEW 2023

JOHANNESBURG, South Africa, December 12, 2022/APO Group/ — 

While African Energy Week (AEW) (www.AECweek.com) organizers, the African Energy Chamber (AEC), have made continuous efforts to engage with Africa Oil Week (AOW), these efforts have been in vain, with AOW expressing complete disinterest in collaborating towards a singular, pan-African event. As such, talks with AOW are officially over and AEW will press on with its commitment of alleviating energy poverty, improving Africa-directed investment while developing the entire African energy sector and value chain in pursuit of industrialization and socioeconomic growth.

“Am neither a Putz nor a Schmock. We listened to the industry on the need to work together. We have reached out time and time again to AOW in the hopes of collaborating, and yet they refuse to work with us. Sad. They are still bitter that we called them out for abandoning Africa to go to Dubai in 2021 as well as for putting Ministers and officials on their agenda that do not show up and misleading people. They are not even happy that we are participating in a discourse about Africa’s energy future. Let me be clear: Africans deserve every right to have a seat at the table and we should not apologize for demanding it,” states NJ Ayuk, Executive Chairman of the AEC.

“We are not interested in rivalry and polarization but are committed towards supporting our energy sector and making energy poverty history by 2030. This is our goal, and it should be the goal of AOW. So now, AEW will press on with its agenda with the 2023 edition promising to be even bigger, bolder, and better than the editions that preceded it. You just watch what will happen in 2023. We will outwork them, and we will compete to promote every African country and we will support our energy sector like never before,” concluded Ayuk.

AEW 2023 will push for an energy mix, the utilization of oil, gas and coal to solve our ongoing energy crisis

AEW has emerged as the biggest gathering for African policymakers and governments, public sector companies and regulators, regional and international players as well as private sector executives and investors to discuss the state of play of Africa’s energy future. AEW 2022 featured African presidents to the likes of H.E. Yoweri Museveni, President of Uganda and H.E. Filipe Nyusi, President of Mozambique, as well as ministers from South Africa, South Sudan, Equatorial Guinea, Senegal, Mozambique, Congo-Brazzaville, Ghana, Niger and many more, alongside delegations from OPEC, the U.S, the European Commission, Russia and Saudi Arabia. This year 26 delegations were present; 47 ministries, 4,200 attendees – of which 81% were from outside of South Africa and 19% in-country – 44 sponsors; 20 partners; and 17 exhibitors.

Building on the 2022 edition’s success, AEW 2023 plans to increase these figures two-fold, diversifying conference topics, hosting a multitude of country delegations and private sector executives, while offering new and improved networking forums that promise new opportunities for partnerships and collaborations. Making energy poverty history by 2030 will require significant levels of investment, and as such, AEW 2023 will focus on deal signing, connecting investors with African opportunities while making a strong case for African-driven financial agreements.

In the 2022-2023 context, African and global energy demand continues to soar, prices remain unstable, while supply ever-volatile, emphasizing the need and role of African producing countries to ramp up exploration, bring new supplies on the market while enhancing infrastructure and distribution networks both intra- and inter-continentally. The year 2022 has made clear the role African hydrocarbon resources will play in the world’s future energy mix, and while global pressures continue to mount with regards to the energy transition and the abandonment of fossil fuels, Africa’s oil and gas remains key for driving economic growth and prosperity.

As such, AEW 2023 will feature strong discussions on the need for an integrated energy mix in Africa, one that incorporates oil, gas, coal and renewables energies. As an event, AEW welcomes the role renewables play in Africa, but also recognizes that the intermittent nature of these resources will essentially restrict any meaningful efforts of making energy poverty history by 2030. In this scenario, the utilization of a mixed resource pool will ensure the adequate resources are available for the continent to industrialize and grow.

In 2023, AEW will push forward with driving new investment in African energy; making a case for financing our own future; enhancing local content and the participation of women in energy; while driving a just and inclusive energy transition on the back of every resource available on the continent. AEW 2023 will push for an energy mix, the utilization of oil, gas and coal to solve our ongoing energy crisis.

The 2023 edition of Africa’s premier event for the oil and gas industry, AEW, will take place from October 16-20 in Cape Town under the same mandate of making energy poverty history by 2030. Since the event’s inauguration in 2021, organizers have been committed to providing an Africa-based platform where discussions on Africa’s energy future can be held and driven by African stakeholders. In 2023, this agenda will continue, with the event now representing the biggest of its kind to ever take place on the African continent. 

Distributed by APO Group on behalf of African Energy Week (AEW).

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Genesis Energy Chief Executive Officer (CEO) to Discuss Energy Expansion at Congo Energy & Investment Forum

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Genesis Energy

Akinwole Omoboriowo II will discuss Genesis Energy’s plan to deliver 10.5 GW of power across Africa, highlighting how Nigeria’s power sector experience can inform the development of the Republic of Congo’s domestic energy grid and gas export potential

BRAZZAVILLE, Republic of the Congo, January 20, 2025/APO Group/ — 

Akinwole Omoboriowo II, CEO of Genesis Energy, will speak at the Congo Energy & Investment Forum (CEIF) in Brazzaville this March, where he will discuss the company’s plans to deliver 10.5 GW of power across Africa, with a focus on energy initiatives that align with the Republic of Congo’s energy development goals.

Genesis Energy is driving transformational power projects, including providing 334MW to the Port Harcourt Refinery in Nigeria and plans to produce 1 GW within the WAEMU region. In October 2024, Genesis and BPA Komani announced their strategic partnership to mobilize capital and facilitate critical infrastructure projects focused on renewable energy, particularly Battery Energy Storage Systems across Africa. Additionally, Genesis’ recent MOU with the U.S. Agency for International Development will mobilize $10 billion for green energy and renewable projects, supporting Africa’s transition to a sustainable energy future.

The inaugural Congo Economic and Investment Forum, set for March 25-26, 2025 in Brazzaville, will bring together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. The event will explore the latest gas-to-power projects and provide updates on ongoing expansions across the country.

During CEIF 2025, Omoboriowo will explore how Genesis’ successful energy infrastructure development projects in Africa, combined with private sector innovation, can guide the Republic of Congo in strengthening its energy security and achieving its decarbonization goals. By leveraging its expertise in clean energy and strategic partnerships, Genesis Energy is poised to play a key role in helping the Republic of Congo harness its energy potential and expand its regional energy influence.

The Republic of Congo’s renewable energy sector is in a phase of growth, with increasing interest in solar, hydro and wind energy projects. Battery energy storage capacities are also gaining traction as a vital component of the country’s energy infrastructure, helping to balance supply and demand. The government is focusing on diversifying its energy mix to reduce dependency on fossil fuels and enhance grid reliability. Looking ahead, the Congo aims to expand its renewable energy capacity and integrate storage solutions to meet growing domestic and regional energy needs while supporting environmental sustainability.

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

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Eni, TotalEnergies Announce New Exploration Projects in Libya

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National Oil Corporation

Eni is launching three exploration plays, TotalEnergies is expecting promising results from its recent onshore exploration project, and other developments were shared during an upstream IOC-led panel at the Libya Energy & Economic Summit

TRIPOLI, Libya, January 19, 2025/APO Group/ — 

Libya’s National Oil Corporation (NOC) and international energy companies TotalEnergies, Eni, OMV, Repsol and Nabors outlined key exploration milestones and strategies to advance oil and gas production in Libya at the Libya Energy & Economic Summit 2025 on January 18.

Among the key developments highlighted were TotalEnergies’ recent onshore exploration project and promising exploration opportunities in the Sirte and Murzuq basins.

“With 40% of Africa’s reserves, Libya remains largely untapped,” said Julien Pouget, Senior Vice President for the Middle East and North Africa at TotalEnergies. Pouget shared TotalEnergies’ plans for 2025, including the completion of an onshore exploration project and new exploration in the Waha and Sharara fields. “We expect results next week,” he added.

Luca Vignati, Upstream Director at Eni, echoed optimism for Libya’s potential and outlined the company’s ongoing investment initiatives in the country. “We are launching three exploration plays – shallow, deepwater and ultra-deep offshore. No other country offers such opportunities,” Vignati stated. He also highlighted the company’s investments in gas projects, including over $10 billion for the Greenstream gas pipeline and a CO2 capture and storage plant in Mellitah.

Repsol affirmed its commitment to advancing exploration in Libya, focusing on overcoming industry challenges and achieving significant production milestones.

We have 48 billion barrels of discovered but unexploited oil, with total potential estimated at 90 billion barrels, especially offshore

“Over the past decade, Libya has made remarkable efforts to fight natural field decline and encourage exploration,” said Francisco Gea, Executive Managing Director, Exploration & Production at Repsol. “We have reached 340,000 barrels per day. The two million target is within reach, and as international companies, we have the responsibility to bring capacity and technology.”

“Innovation is key to maximizing production and accelerating exploration. By deploying cutting-edge solutions, Nabors can enhance efficiency, reduce costs and ensure safer operations,” added Travis Purvis, Senior Vice President of Global Drilling Operations at Nabors.

Bashir Garea, Technical Advisor to the Chairman of the NOC, highlighted the country’s immense oil and gas potential. “We have 48 billion barrels of discovered but unexploited oil, with total potential estimated at 90 billion barrels, especially offshore,” he said. He also pointed to Libya’s sizable gas reserves, noting, “Libya has 122 trillion cubic feet of gas yet to be developed. To unlock this potential, we need more investors and new technology, particularly for brownfield revitalization.”

“Our strategy spans the entire value chain. Strengthening infrastructure is essential to maximizing production and efficiency,” said Hisham Najah, General Manager of the NOC’s Investment & Owners Committees Department.

NJ Ayuk, Executive Chairman of the African Energy Chamber and session moderator, underlined Libya as a prime destination for foreign investment: “Libya is at the cusp of a new energy era. The time for bold investments and strategic partnerships is now.”

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

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Libya’s Oil Minister: Brownfields, Local Investment Key to 2M Barrels Per Day (BPD) Production

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Libya’s Oil & Gas Minister outlined plans to boost production to 1.6 million bpd in 2025 and 2 million bpd long-term, with brownfield development and local investment at the core, during the Libya Energy & Economic Summit

TRIPOLI, Libya, January 19, 2025/APO Group/ — 

Libya is setting its sights on boosting oil production to 2 million barrels per day (bpd) within the next two to three years, with brownfield development and local investment identified as critical drivers of this growth. Speaking at the Libya Energy & Economic Summit (LEES) in Tripoli on Saturday, Minister of Oil and Gas Dr. Khalifa Abdulsadek outlined the country’s strategy to reach 1.6 million bpd by year-end and laid the groundwork for longer-term growth.

“There are massive opportunities here, massive fields that have been discovered, but a lot of fields have fallen between the cracks,” stated Minister Abdulsadek during the Ministerial Panel, Global Energy Alliance – Uniting for a Secure and Sustainable Energy Future. “We want to make sure local oil companies take part. We also want to leverage the upcoming licensing round to support our planned growth in the oil sector.”

The minister’s remarks were complemented by a strong call for international participation in Libya’s upcoming licensing round, signaling the government’s commitment to fostering collaboration and maximizing the potential of its energy sector.

Highlighting Libya’s vast natural gas potential – with reserves of 1.5 trillion cubic meters – Mohamed Hamel, Secretary General of the Gas Exporting Countries Forum, stressed the need for enhanced investment in gas projects. He pointed to ongoing initiatives like the $600 million El Sharara refinery as opportunities to stimulate economic diversification.

There are massive opportunities here, massive fields that have been discovered, but a lot of fields have fallen between the cracks

“Natural gas is available,” Hamel stated, adding, “It is the greenest of hydrocarbons and we see natural gas continuing to grow until 2050.”

The panel also tackled the global energy transition, emphasizing Africa’s unique challenges and the need for the continent to harness its resources to achieve energy security. Dr. Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers Organization (APPO), underscored the critical need for finance, technology and reliable markets to drive progress.

“At APPO, we have noted three specific challenges for the African continent. Finance, technology and reliable markets,” he stated, questioning whether Africa can continue to depend on external forces to develop its resources.

As one of Africa’s top oil producers, Libya holds an estimated 48 billion barrels of proven oil reserves. The country’s efforts to expand production, attract investment and drive innovation are central to the discussions at LEES 2025. Endorsed by the Ministry of Oil and Gas and National Oil Corporation, the summit has established itself as the leading platform for driving Libya’s energy transformation and exploring its impact on global markets.

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

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