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The Invest in African Energy (IAE) Forum to Connect African Energy Projects with Saudi, United Arab Emirates (UAE) Buyers

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Invest in African Energy

Gulf countries have shown rising interest in helping Africa to develop its oil and gas resources and build much-needed infrastructure

PARIS, France, February 22, 2024/APO Group/ — 

Over the past twelve months, the Middle East’s oil and gas heavyweights – Saudi Arabia, the United Arab Emirates (UAE) and Qatar – have accelerated their involvement across Africa’s energy value chain. Beginning with diplomatic visits turning into tangible cooperation agreements and planned investment campaigns, Gulf countries have cemented their interest in competing for Africa’s untapped hydrocarbon resources, which make up around 13% of natural gas reserves and 7% of oil reserves globally.

The Invest in African Energy (IAE) 2024 forum – taking place in Paris on May 14-15 – will bring together Africa’s top energy projects to pitch to global buyers for partnership and investment. The forum serves as a pivotal platform for Gulf energy companies and developers to access the latest data and project specifications directly from African energy ministers and authorities, with a view to unlocking mutually beneficial partnerships and new energy finance.    

Saudi Arabia

With plans to invest up to $25 billion in Africa by 2030 through its Public Investment Fund, Saudi Arabia is positioning itself as a long-term partner to the continent and leading integrated developments across Africa’s oil and gas value chain. Over 50 projects worth more than $500 million were signed between Saudi Arabia and African nations in November 2023, with investments directed primarily to energy, mining and infrastructure sectors. Deals included energy cooperation agreements with Senegal, Chad, Rwanda and Ethiopia, as well as a financing agreement with Mozambique for the construction of public infrastructure.

In Nigeria, Saudi Arabia has pledged to invest in the revitalization of Nigeria’s oil refineries and provide financial support to strengthen downstream capacity. In January, the two countries launched the National Human Capacity Training Program for the Adoption of Liquefied Petroleum Gas (LPG), which is set to lead to the joint-development of micro-distribution points for LPG through Nigeria’s Edo State. Meanwhile, the Kingdom is engaging in talks with South Africa to construct a refinery and alleviate domestic fuel shortages.

UAE

While Saudi Arabia may be leading diversified investment across Africa, the UAE is not far behind. Last December, the UAE signed an agreement with Morocco for the development of the Africa-Atlantic gas pipeline, transporting Nigerian gas to North Africa, then on to Europe. Through its Abu Dhabi sovereign wealth fund, the country will help mobilize financing for the pipeline, which could also connect emerging gas players like Senegal and Mauritania to new markets. Seeking expansion into Africa’s gas industry, Abu Dhabi National Oil Company is said to be in discussions to acquire Galp’s 10% interest in Mozambique’s Rovuma LNG project, set to monetize three gas reservoirs in the Area 4 block of the Rovuma Basin to produce 18 million tons of LNG per year.

The UAE’s growing role on the continent also transcends direct investments, enabling African countries to tap into international financial markets. Positioned as a strategic trade center within easy reach of the Middle East, Asia, Europe and Africa, Dubai is well-connected to both global sources of capital and emerging markets that are seeking investment.

Qatar

Qatar is also ramping up its activities on the continent through upstream exploration. In April 2023, state-owned QatarEnergy acquired a 40% interest in the offshore Block C-10 in Mauritania – home to the Walata, Banda and Tevet oil discoveries – in partnership with Shell and Mauritania’s national oil company SMH. With over 28.3 billion cubic meters of proven gas reserves, Mauritania could become the third-largest gas exporter in Africa, following Nigeria and Algeria. The acquisition not only affirms the prospectivity of Mauritania’s offshore oil and gas acreage, but also Qatar’s interest in expanding its exploration footprint on the continent.

QatarEnergy has been playing an active role in the continent’s latest hydrocarbon discoveries – notably, offshore Namibia, where the company holds stakes in three exploration licenses. Its PEL 39 – in which it carries a 45% interest, in partnership with Shell (45%) and the National Petroleum Corporation of Namibia (10%) – has yielded four consecutive discoveries between February 2022 and July 2023. These discoveries – Graff-1, La Rona-1, Jonker-1X and Lesedi-1X – are now transforming Namibia into one of the foremost hydrocarbon markets on the continent, with further testing and appraisal work currently underway.

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

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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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Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

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Etu Energias

As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

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

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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Energy

The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

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

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