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The African Energy Chamber Commends Equatorial Guinea for Expanding Contracts for Block G

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Trident Energy

The expansion of the production sharing contract for Block G represents a step in the right direction for Equatorial Guinea as the country moves to scale up investment and production

JOHANNESBURG, South Africa, May 10, 2022/APO Group/

International oil company Trident Energy and its joint venture (JV) partners have announced the extension of the production sharing contract (PSC) for Block G offshore Equatorial Guinea to December 31, 2040.

The decision made by the Ministry of Mines and Hydrocarbons of Equatorial Guinea to extend the PSC for Block G, under the leadership of H.E. Gabriel Mbaga Obiang Lima, represents a step in the right direction towards increasing investments and maximizing the exploration, exploitation and monetization of the country’s hydrocarbon resources. In this regard, the African Energy Chamber (AEC) congratulates oil and gas companies, Trident Energy, Kosmos Energy, Panoro Energy and GEPetrol, for extending their PSC for Block G with the Ministry of Mines and Hydrocarbons of Equatorial Guinea.

With the hydrocarbons sector contributing 90% of Equatorial Guinea’s GDP, and only 66% of the population with access to energy, expanding the industry will be crucial in addressing energy poverty and driving industrialization and economic growth.

Trident Energy’s top-notch health, safety and environmental team and high standard business practices have led to optimal maintenance and low-cost oil production in the bloc

Operated by Trident Energy which has a 40.375% working interest, Block G is located in the shallow and deep waters in the Rio Muni basin and comprises oil producing fields, Ceiba and Okume, which Trident Energy and its partners had initially planned to explore, maintain and produce from through 2029 and 2034, respectively, before the extension of the PSC. Trident Energy has been instrumental in the success of the block since its acquisition from Hess. Since the company’s first drilling campaign in Equatorial Guinea, Trident Energy’s top-notch health, safety and environmental team and high standard business practices have led to optimal maintenance and low-cost oil production in the bloc.

By extending the PSC, Equatorial Guinea continues with efforts to revitalize the energy sector through increasing investments, exploration, production, infrastructure rollout and the participation international independents in line with the country’s Gas Mega Hub initiative which is designed to position the country as a regional and international hydrocarbons hub.

With the drilling of new wells in Block G anticipated in the second half of 2023, the expansion of the PSC brings additional investments from Trident Energy and its partners in the bloc, leading to a series of exploration activities which will increase both the companies’ and Equatorial Guinea’s oil and gas production capacity.

While the development provides Trident Energy and its partners with more time to explore the bloc, Equatorial Guinea needs to accelerate the exploration of its rich basins and increase the number of companies operating across the oil and gas value chain. Keeping market-driven oil and gas firms operating is essential for the country, and thus, the AEC calls for Equatorial Guinea to attract more companies, accelerating exploration and project development to ensure the success of its energy market.

“Despite some of the majors exiting the African oil and gas market, independents will continue to play a huge role in bringing in new investments and increasing exploration and production. The AEC commends the decision made and message sent to the market by Equatorial Guinea,” states NJ Ayuk, Executive Chairman of the AEC, adding that, “As Equatorial Guinea continues to position itself at the forefront of the continent’s natural gas revolution, maximizing the production and exploitation of its 1.1 billion barrels of oil reserves to address energy poverty, there is a need for the country to fast-track exploration activities to avoid being left with stranded assets. This is what Trident, and its JV partners are doing.”

In light of these developments, the AEC urges Equatorial Guinea to introduce additional fiscal reforms and incentive packages to attract investments and accelerate the development of the country’s sizeable oil and gas reserves. Equatorial Guinea has the chance to ensure the market is even more attractive for foreign companies and investors, and by implementing regulatory and business reforms, the ministry can fast-track the development of the country’s oil and gas market in 2022 and beyond.

Distributed by APO Group on behalf of African Energy Chamber.

Energy

Seychelles Targets Energy Investment Push as Minister Jérémie Joins African Energy Week (AEW) 2026 as a Speaker

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African Energy Chamber

Seychelles energy minister will speak at AEW 2026, positioning her to highlight reforms, renewable projects and investment opportunities as the island nation advances its transition toward a diversified energy system

CAPE TOWN, South Africa, April 29, 2026/APO Group/ –Marie-May Jérémie, Minister of Environment, Climate, Energy and Natural Resources for Seychelles will participate as a speaker at this year’s African Energy Week (AEW) 2026, taking place from October 12–16 in Cape Town. Her participation underscores the country’s growing role in shaping Africa’s small-island energy transition agenda.

Minister Jérémie’s presence at AEW 2026 comes at a critical time as Seychelles accelerates efforts to reduce its heavy reliance on imported fossil fuels. The event provides a platform to attract investment, strengthen policy alignment and showcase bankable projects, positioning the country as a viable destination for private-sector participation in island energy systems.

Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments

In May last year, international finance institution the World Bank approved the Renewable Energy Acceleration Program, a seven-year initiative aimed at modernizing the grid and increasing renewable energy penetration to 15% by 2030. The program focuses on unlocking private capital while strengthening transmission infrastructure to accommodate variable renewable energy sources.

Project development is gaining traction in the country, particularly in innovative technologies suited to Seychelles’ land constraints. The 5.8 MW Seysun Lagoon floating solar PV project, developed by independent renewable power producer Qair, is under construction and expected online in 2026.

Alongside renewables, Seychelles continues to pursue upstream opportunities to diversify its economy. The government approved new exploration entrants in 2025 and extended exiting petroleum agreements, while securing an infrastructure partnership with China. Multilateral estimates suggest over $800 million in investment will be required over the next 25 years.

Regulatory reform is central to this transition, with Seychelles introducing an independent power producer framework to open the market to private developers. Standardized power purchase agreements, grid access reforms and strengthened public-private partnership structures are being implemented to improve transparency, reduce risk and accelerate project bankability across solar, storage and emerging wind opportunities.

“Minister Jérémie’s participation highlights the strategic importance of island nations in Africa’s broader energy transition,” says NJ Ayuk, Executive Chairman, African Energy Chamber. “Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments. Her insights will be critical to advancing dialogue on resilient, low-carbon energy systems across the continent.”

Distributed by APO Group on behalf of African Energy Chamber.

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Canada–Africa Financing Forum to Convene Investors and Decision-Makers in Cape Town – May 14, 2026

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Ateau Zola

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships

TORONTO, Canada, April 29, 2026/APO Group/ –The Canada–Africa Chamber of Business (https://CanadaAfrica.ca) will convene investors, financiers, policymakers, and industry leaders in Cape Town on May 14, 2026 for the Canada–Africa Financing Forum—a high-level platform focused on unlocking capital and accelerating deal flow across African markets.

Registration is open (http://apo-opa.co/4vZN6oV)

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships. The program connects leaders from venture capital, private equity, and institutional investors to examine where capital is moving—and where the next opportunities lie—supported by Canadian project partners with proven capacity to deliver on-the-ground.

Delegates will engage directly with finance and investment decision-makers, following the program opening, featuring messages from President Cyril Ramaphosa and Prime Minister Mark Carney, in addition to high-level Ministerial representation.

This Forum is about capital deployment, not just conversation

“This Forum is about capital deployment, not just conversation,” said Garreth Bloor, President of the Canada–Africa Chamber of Business. “We are convening investors, institutions, and project leaders who are actively shaping transactions across Africa—and connecting them directly with Canadian partners who are ready to work together.”

The Canada–Africa Financing Forum reflects the Chamber’s role as a privately financed, market-led platform advancing Canada-Africa trade and investment through world-class networking and information-sharing events.

Why Attend

  • Direct access to active dealmakers and capital allocators
  • Insights into where capital is being deployed and key players delivering major projects
  • Opportunities to build partnerships across Canada and African markets
  • Participation in a curated, high-level environment focused on execution

Secure Your Place

Space is limited and demand is strong.

Apply to secure your place (http://apo-opa.co/4vXb9oz)

Read More and View the Program (http://apo-opa.co/4vZN6oV)

Distributed by APO Group on behalf of The Canada-Africa Chamber of Business.

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Business

ORUN and 1xBET Partner to Support a Dynamic Creative Africa

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MIR Holding

During the MASA 2026 edition, held from April 11 to 18, 2026, ORUN and 1xBET implemented the We Champion Talent program, an initiative aimed at promoting African talent and advancing the development of Cultural and Creative Industries (CCIs)

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –As part of the Innovation Village co-organized with MASA at the Palais de la Culture in Abidjan from April 14 to 18, ORUN (https://ORUN.Africa) announces the rollout of its partnership with 1xBET to support a creative Africa that is structuring itself, professionalizing, and scaling across the continent.

We aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency

Designed as a space of convergence between heritage, innovation, and knowledge transmission, the Innovation Village features scenography crafted by Ivorian artisans, a program of panels and masterclasses on creative industries, an immersive experience produced by Orun Studios, and a major institutional highlight on April 17. Its narrative platform is built around three pillars: memory, structure, and transmission. The initiative aims to position cultural and creative industries as an economic driver for the continent.

“The Innovation Village was conceived as an act of construction. By partnering with organizations such as 1xBET, we aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

This vision aligns with ORUN’s broader ambition to produce, structure, and internationalize African creative industries through events, content, and strategic partnerships.

Distributed by APO Group on behalf of ORUN, part of African Currency Network (ACN).

 

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