Connect with us
Anglostratits

Business

Technip Energies Consolidates Namibia’s Diverse Energy Mix with Multi-Project Developments

Published

on

Technip Energies

Following a series of successful project developments in Mozambique and Senegal, the French-based engineering and technology company is reaffirming its commitment to Africa’s energy future with a myriad of developments in Namibia

JOHANNESBURG, South Africa, March 27, 2023/APO Group/ — 

French-based engineering and technology company Technip Energies has emerged as the partner of choice for African oil and gas producers, with the company deploying its state-of-the-art technology and developing a series of large-scale projects across the African continent. To date, the company has delivered more than 100 projects in Africa, offering technological solutions, products and services as well as turnkey contracting and construction expertise across the downstream, Liquefied Natural Gas (LNG), gas-to-power, mining & metals and offshore industries. With this background, Technip Energies serves a key driver of large-scale hydrocarbon projects in Africa, and the company has now turned its attention to Namibia’s promising sector.

Namibia is set to witness unprecedented growth across the oil, gas and renewable energy industries owing to sizeable oil and gas discoveries made in 2022 and 2023 as well as significant potential for green hydrogen. While Technip’s footprint in Namibia goes as far back as 2008 when the company was awarded a contract for a uranium treatment plant located in the western part of the country (closed in 2012), large-scale oil and gas discoveries made in 2022 by Shell and TotalEnergies signaled new opportunities for the French firm in the country’s energy sector.

In February 2022, global energy majors Shell, TotalEnergies and Qatar Energy announced two discoveries of oil and gas in the Graff and Venus finds, merely weeks apart. According to global market intelligence firm Wood Mackenzie, the Namibian deepwater discoveries contributed to the highest value of global finds in 2022, alongside discoveries in Guyana and Brazil, making clear the significant role these discoveries will play in kickstarting long-term socioeconomic growth in the country. During the 2022 edition of the continent’s premier event for the oil and gas industry, African Energy Week (AEW), whereby both Namibia and Technip Energies played a central role, the French firm signed a deal with the country’s national oil company NAMCOR for the collaboration on the development of the two discoveries.

Namibia is set to witness unprecedented growth across the oil, gas and renewable energy industries owing to sizeable oil and gas discoveries made in 2022 and 2023

“We are excited about the two discoveries made this year and want to start discussing with a world-class company like Technip Energies to see how they can assist us to get these discoveries onstream,” stated Immanuel Mulunga, CEO of NAMCOR during the signing ceremony.

Technip representative and SVP of Gas and Low Carbon Energy, Loic Chapuis, added that, “Namibia is a key focus for us and the development of these discoveries perfectly aligns with our agenda as Technip Energies. We are delighted to share technology with Namibia and feel that this MoU will be instrumental in improving technology in Namibia.”

For Namibia, Technip Energies’ partnership signals new opportunities for the accelerated development of oil and gas. By leveraging the firm’s expertise in LNG and offshore solutions and experience as a successful project developer both in Africa and worldwide, the country is well positioned to usher in a new era of market growth on the back of hydrocarbons. With Technip Energies expertise in engineering and building all types of LNG plants – including large-scale, onshore and offshore, as well as in remote and harsh environments – Namibia’s burgeoning oil and gas developments are in capable hands.

“Having Technip Energies as a partner for the development of Namibia’s large-scale oil and gas projects is not only a testament to the company’s role in Africa’s energy future but demonstrates Namibia’s commitment to developing its oil and gas resources. Technip brings to Namibia a strong track record of industry success and Namibia stands to learn a great deal from the company. The MoU signed between the country and Technip in 2022 represents a critical step towards getting these large-scale discoveries off the ground and ushering in a new era of project success in Namibia. We look forward to other deals such as this that will be signed at the 2023 edition of AEW,” stated NJ Ayuk, Executive Chairman of the AEC.

However, Technip’s expertise and footprint in Namibia transcends the oil and gas industry with the company making a strong play for the development of green hydrogen. Representing a highly prospective green hydrogen market owing to sizeable potential for solar and wind deployment, Namibia is undertaking an ambitious green hydrogen agenda alongside a number of regional and global partners. To date, Technip is working on a conceptual study for green ammonia production with a capacity of between 200 and 400 MW from solar and wind. As the country’s green hydrogen market expands, Technip is expected to play a central role in driving developments.

From natural gas to green hydrogen to renewable energies, AEW 2023 offers the best platform for high-level stakeholders to discuss the future of Africa’s energy sector. This year’s edition will have an even higher focus on gas and signing deals, with burgeoning markets such as Namibia representing top points of discussion. Join industry experts, governments and leading investors at this year’s AEW, taking place from October 16-20 in Cape Town.

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