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The Way of a Legend; An Italian Champion of African Energy: Eni Chief Executive Officer (CEO) Claudio Descalzi (By NJ Ayuk)

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Energy

As a longtime promoter of African energy potential, Descalzi has overseen major hydrocarbon projects in countries from Congo to Libya to Nigeria — both oil and natural gas

JOHANNESBURG, South Africa, September 23, 2025/APO Group/ —By NJ Ayuk, Executive Chairman, African Energy Chamber (https://EnergyChamber.org/).

Eni CEO Claudio Descalzi has never stopped making Africa his and Eni’s first choice for investment.

I know Mr. Descalzi as a shrewd negotiator, a disciplined CEO, and a strong advocate of natural gas development on our continent. As he champions African energy independence and sovereignty, natural gas has been and remains key to his work in Africa.

Even during difficult times, he has persisted in furthering his company’s investments in Africa, as he did following the Russian invasion of Ukraine. At that critical time, he encouraged the EU to consider imports from Africa to replace Russian petroleum, including the 20 billion cubic meters (bcm) of Russian gas Italy was importing annually.

As a longtime promoter of African energy potential, Descalzi has overseen major hydrocarbon projects in countries from Congo to Libya to Nigeria — both oil and natural gas. Under his leadership, Eni has launched some of the continent’s fastest-moving liquefied natural gas (LNG) projects while prioritizing low carbon output.

Along with the business side of his role, the CEO has encouraged the company’s country managers and executives to take on many social responsibility efforts in Africa.

On a more personal note, when you talk to many African President’s, Ministers and business leaders, he is always a source of wise counsel — something I see as the mark of a true legend. He is always willing to work with others and share his experiences and knowledge about doing business in other markets.

The Man and the Company

A native of Milan and a 1979 physics graduate of the city’s namesake university, Descalzi has a deep history with Eni, having started in 1981 as a field petroleum engineer. His broad understanding of the industry and the company has been forged within many roles of increasing responsibility — in Africa, the Middle East, China, and — from 2010 to 2014 —as Chairman of Eni UK.

In May of 2014, he took on the role of CEO for Eni.

Among the founding CEOs of the 2014 Oil and Gas Climate Initiative, Descalzi is also a member of the European Round Table for Industry and co-chair of the Oil and Gas Governors Community of the World Economic Forum.

A Visiting Fellow at The University of Oxford, he has received many significant industry awards, among them the esteemed Charles F. Rand Memorial Gold Medal award from the Society of Petroleum Engineers and the American Institute of Mining Engineers.

To its great credit, Eni has been working in Africa since the 1950s to develop the continent’s resources and form partnerships that secure a supply of natural gas and advance the world’s energy transition.

Those efforts, employing a mix of traditional, renewable, and bio energy, are making progress toward the 2050 Net Zero target in 13 African countries. It’s also important to note that the company employs thousands in Africa, and that 80% of the gas it produces there goes to local markets.

Eni Activity in Africa Under Descalzi’s Leadership

Egypt, Algeria, and Libya have been cornerstones of Eni’s African presence. Eni’s history in Libya began in 1959 with the acquisition of its first concession. After a 10-year hiatus in onshore drilling in Libya, caused primarily by the country’s civil war, Descalzi made sure that Eni was one of the first companies to re-enter the country in 2024.

Eni’s activities in Algeria date back to the early 1980s, and Algeria remains one of the company’s largest suppliers of gas to Europe.

Egypt, meanwhile, gained global attention in 2015 with Eni’s Zohr discovery, one of the largest gas finds ever in the Mediterranean.

Internal demand in these countries — because of demographic growth — is increasing at about 7 to 8% every year, this means they need gas … they need investment

Eni now plans to invest close to USD9 billion each in Algeria and Egypt, as well as Libya, over the next four years. Descalzi has stated (https://apo-opa.co/46MtAlb), “Internal demand in these countries — because of demographic growth — is increasing at about 7 to 8% every year, this means they need gas … they need investment.”

In Angola, I was lucky to have been with Mr. Descalzi when his efforts alongside BP to launch the Agogo floating production, storage, and offloading (FPSO) vessel and to form the first major international oil company (IOC) joint venture in Africa, Azule Energy.  During a recent meeting with Angolan President Lourenco in Luanda, the two leaders talked about Azule’s exploration and delivery achievements. They noted that the Agogo, planned to become the first carbon-neutral FPSO in Angola, began production 10 months ahead of the original plan.

As the biggest independent equity oil and gas producer in Angola, Azule Energy holds 18 licenses, 11 of which are operating and producing a total of 210,000 barrels per day (bpd).

Congo:  In 2023, Descalzi was instrumental in launching the Congo LNG project, encompassing the installation of two floating LNG (FLNG) plants to process gas from the country’s current and future fields, helping foster European energy security, while providing sufficient gas for Africa. Tango FLNG, with a 0.6 million tons per annum (MTPA) capacity, began production in December 2023. Nguya FLNG is set to begin production (2.4 MTPA) by the end of this year, boosting the total capacity of the project to 3 MTPA.

In Côte d’Ivoire, under Descalzi’s leadership, Eni has been working since 2015, and is currently working in 10 deepwater blocks.

Eni’s Baleine field offshore project is the first net-zero upstream project in the world for Scope 1 and 2 emissions. After Eni fast-tracked the building project, it went from discovery to first oil in less than 19 months.

Baleine Phase 1 began production in 2023, and Phase 2 started producing in December 2024. Phase 2 is expected to meet local energy needs by connecting with pipeline constructed during Phase 1 and solidifying Côte d’Ivoire’s status as a producer.

Elsewhere on the continent:  In Mozambique, while many companies evacuated due to escalating violence and terror attacks in Cabo Delgado province since 2017, the CEO chose to proceed with Eni’s Coral South and Coral Norte FLNG projects, achieving a final investment decision (FID) for Coral South in 2017 and advancing Coral Norte to pre-FID stage, despite serious security concerns. In Namibia, Descalzi is looking toward more exploration. And, as a legacy producer in Nigeria, Eni, under his leadership, plans to continue working on deepwater and LNG projects, while expanding into the agri-feedstock sector as per the company’s 2023-2026 plan (https://apo-opa.co/3IakaGU).

Social Responsibility Efforts

Eni’s social responsibility initiatives include something very dear to Descalzi’s heart — facilitating clean cooking in sub-Saharan Africa.

Currently, approximately 1 billion Africans lack access to clean cooking. The African Energy Chamber is heartened to see Descalzi’s efforts on this front, including Angola’s Clean Cooking Program, begun in 2024, which already benefits over 500,000 residents in seven of the country’s provinces. He is pushing to get 2 million people in the country access to clean cooking technology very quickly.

On the employment front, Descalzi is ensuring the training and development of Africans — and that they are hired at the highest levels. He is also empowering African women by providing jobs throughout the company. Countless African women can tell stories of him giving them opportunities in the industry.

I would compare Mr. Descalzi to Patrick Pouyanné, the CEO of TotalEnergies, in his engagement with African presidents. He personally goes to each country Eni operates in, unlike most CEOs. He builds personal relationships with presidents and ministers, showing a humility that has made him one of the most favorite CEOs among the IOCs in Africa.

This was illustrated in his September 2025 meetings with Angola’s President Lourenco, where the two talked about Azule’s continuing work on the health, education, and economic diversification fronts. This work includes support for Luanda’s Cardiopulmonary Hospital Complex, business training and financial education programs, and construction and rehabilitation of 14 facilities to help educate over 17,000 children.

His style is not to stop with getting to know the well-knowns, either. He sits with young Africans and jokes with them, motivates and encourages them.

We Applaud Descalzi

It is fitting that we applaud a man who has made a global energy giant a truly African company. Eni’s expertise is evident in all it does in Africa, with its great exploration teams and the projects it completes in a timely, technically savvy way.

In his own quiet way, without international fanfare, Descalzi has worked to the benefit of Africa and Africans.

Descalzi’s care for Africa shows; although he oversees operations across Europe, Asia, the Middle East, and the Americas, he engages the most with Africa, making Africa the largest part of his work.

In short, Africa is part of his family.

Distributed by APO Group on behalf of African Energy Chamber.

Business

SLB commissions new fluids systems plant in Pemba to support Mozambique’s offshore energy development

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Mozambique

New facility expands in-country drilling and completion fluids capability, advancing the next phase of SLB’s growth in Mozambique

PEMBA, Mozambique, October 9, 2026/APO Group/ –SLB (NYSE: SLB) (www.SLB.com) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s offshore activity grows and its role as a strategic energy hub for East Africa continues to expand.

The commissioning of the plant, also known as a liquid mud plant, coincides with SLB marking 70 years of operations in Mozambique. It reflects the company’s long-term commitment to investing in people, infrastructure and capability that support the country’s long-term offshore energy development plans.

 




  

With an initial storage capacity of 21,000 barrels, the liquid mud plant provides a scalable platform for future growth, supporting multiple customers and rising offshore activity while improving logistics and enhancing operational flexibility.

As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions

“As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions,” said Miguel Baptista, Central, East and Southern Africa, Managing Director, SLB. The new liquid mud plant strengthens local energy infrastructure, expands opportunities for local content development, and enhances our ability to support customers as they deliver some of Africa’s most significant offshore energy resources.”

The liquid mud plant project was delivered with strong local participation and that momentum is expected to continue into operations. During project delivery, more than 100 jobs were created in Pemba with nationals representing 80% of the workforce, reflecting a focus on building local capability.

The project was delivered with a strong focus on safety, operational integrity, and quality, achieving more than 67,000 hours worked without a recordable safety incident.

This key infrastructure strengthens SLB’s ability to support consistent service quality and enhance supply chain readiness for increasing offshore activity across Mozambique, supporting customers execute safely and efficiently while developing local skills and expertise.

Key Points:

  • SLB has commissioned a new fluids system plant in Pemba, expanding in-country drilling and completion fluids capability for offshore operations.
  • With an initial storage capacity of 21,000 barrels, the facility provides a scalable platform to support growing offshore activity in Mozambique.
  • The investment marks the next phase of SLB’s growth in Mozambique, strengthening local capability and supporting long-term offshore energy development.

Distributed by APO Group on behalf of SLB.

 

 




 

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South African Energy Storage Association (SAESA) welcomes 4,600 MW battery storage prioritisation and calls for integrated energy planning

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Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply

JOHANNESBURG, South Africa, October 9, 2026/APO Group/ –The South African Energy Storage Association (SAESA) (www.SAESA.org.za) welcomes the prioritisation of 4,600 MW of battery energy storage under the first Integrated Resource Plan (IRP) 2025 Section 34 determination.

 




  

The timing is significant. Recent Integrated Energy Plan (IEP) modelling and assumptions discussions highlighted a fundamental shift that South Africa’s energy planning now needs to capture: we cannot plan the future power system by counting megawatts of generation alone.

We must plan for when energy is available, where it is available, how it moves through a constrained grid and how it is stored and dispatched when the system needs it most.

The announcement reinforces that shift. Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply.

For SAESA, the message for the IEP is clear: storage, flexibility and system services must be modelled as integral components of South Africa’s future electricity architecture, with their contribution considered from the outset of generation planning.

“The IEP must plan the power system we are becoming, not simply model the power system we have inherited,” says SAESA.

The IEP must plan the power system we are becoming, not simply model the power system we have inherited

Partnership with C&I Energy + Storage Summit

SAESA is an association partner of the C&I Energy + Storage Summit, created by VUKA Group, taking place on 28–29 October 2026 at The Maslow Hotel, Sandton, Johannesburg.

The summit brings together commercial and industrial energy users, project developers, financiers, regulators and solution providers to explore practical approaches to energy security, procurement and storage deployment.

For businesses assessing how storage can support their operations, the event offers an opportunity to meet SAESA and engage with the wider energy community on the decisions shaping South Africa’s evolving electricity system.

Commercial and industrial energy decision-makers are invited to apply to attend as hosted buyers. Qualifying buyers receive complimentary summit access and curated opportunities to engage with industry partners.

 

Meet SAESA at C&I Energy + Storage Summit: Join the Hosted Buyer Programme

The Hosted Buyer Programme connects commercial and industrial energy decision-makers with solution providers shaping South Africa’s evolving private energy market.

Qualified energy buyers receive complimentary access to the summit and curated engagement with industry partners exploring energy procurement, storage deployment and project development.

Apply for the Hosted Buyer Programme (https://apo-opa.co/4ehLijJ)

Distributed by APO Group on behalf of VUKA Group.

 




 

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Afreximbank welcomes launch of Africa Credit Rating Agency as an important step in strengthening Africa’s financial architecture

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Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets

PORT LOUIS, Mauritius, October 8, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes today’s launch of the Africa Credit Rating Agency (AfCRA), an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible, independent analysis of African credit risk.

 




 
 

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses can finance development. It is therefore essential that assessments of African credit risk are independent, rigorous and evidence-based, while reflecting a complete understanding of the structures, institutions and economic realities being assessed.

The establishment of AfCRA adds an important African-led source of credit opinion to the market. Its value will not be measured by whether it produces more favourable ratings, but by the credibility of its analysis, the quality of its data and transparency of its methodology, and its ability to deepen understanding of African sovereigns, sub-sovereigns and corporate credit.

This is particularly important given that many African issuers remain unrated, while local-currency and sub-sovereign markets continue to have limited rating coverage. Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets.

AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans

Alongside fellow members of the Alliance of African Multilateral Financial Institutions (AAMFI), Afreximbank has consistently maintained that African Multilateral Financial Institutions should be assessed on the basis of their fundamentals, performance, legal frameworks, mandates and operating models. Ensuring that these institutional characteristics are properly understood is essential to achieving informed, balanced and credible assessments of African risk.

Commenting on the uniqueness of the African market, and need for AfCRA’s rating methodology to reflect this, Mr Denys Denya, Senior Executive Vice President, Afreximbank, said: “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere — it must build a unique identity that conforms to an ‘African best practice.”

Highlighting the need for the autonomy of the Africa Credit Rating agency as it takes off, Mr Denya added: “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix.”

AfCRA should therefore be seen as complementary to existing international and regional rating agencies, broadening the range of credible analysis available to investors and issuers while strengthening competition, transparency and analytical capacity within Africa’s credit markets.

As Africa seeks to mobilise the scale of capital required for industrialisation, trade, infrastructure and economic transformation, credible African institutions that improve information, strengthen market confidence and deepen the continent’s financial markets will become increasingly important.

Afreximbank congratulates the African Union, the African Peer Review Mechanism (APRM) and all those involved in bringing AfCRA from concept to launch, and looks forward to the contribution the Agency will make to deeper, more transparent and more efficient African capital markets.

Distributed by APO Group on behalf of Afreximbank.

 




 

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