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Top 5 Sectors Poised for Growth in the MSGBC Region

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MSGBC

As one of the continent’s frontier destinations for oil and gas, renewables and mining developments, the MSGBC region is poised to benefit from international and intra-regional investment across an array of sectors

NOUAKCHOTT, Mauritania, April 17, 2023/APO Group/ — 

On the back of heightened investment as a result of the region’s competitive and attractive business environment, 2023 is set to be a pivotal year for the MSGBC region.

From oil and natural gas megaprojects to large-scale green hydrogen production, regional players in West Africa will have the opportunity to capitalize on their position as a frontier investment destination pioneering sustainable and integrated energy growth to kickstart industrialization, electrification, economic diversification and socioeconomic development.

Newfound developments across multiple sectors in the region will be explored at this year’s edition of the MSGBC 2023 Conference and Exhibition (https://apo-opa.info/41zukVu), organized by Energy Capital & Power and taking place in Nouakchott from 21-22 November, reaffirming West Africa’s position as a regional hub for oil, gas, renewables and green hydrogen.

Hydrocarbons

With first oil and gas due to come into production in 2023, the MSGBC region has emerged as a highly competitive investment destination for large-scale hydrocarbons projects. Straddling the maritime border between Senegal and Mauritania, the $4.8 billion Grand Tortue Ahmeyim (GTA) Liquefied Natural Gas project is due to come online in 2023, while Senegalese megaprojects such as the Sangomar Field Development and the Yakaar-Teranga Development are set to come online in 2023 and 2024, respectively.

With project partners oil and gas supermajor bp and deepwater exploration and production company Kosmos Energy, along with Senegal’s national oil company Petrosen and its Mauritanian counterpart the Société Mauritanienne des Hydrocarbures targeting first gas production from the GTA project this year, the Ministry of Petroleum, Energy and Mines of Mauritania and the Ministry of Petroleum and Energies of Senegal have demonstrated their commitment to bringing regional wealth to West Africa.

With first oil and gas due to come into production in 2023, the MSGBC region has emerged as a highly competitive investment destination for large-scale hydrocarbons projects

Renewable Energy

The MSGBC region has seen a significant increase in both small- and large-scale green energy developments as a result of its vast abundance of renewable energy resources such as wind, hydro and solar. Adapting to the global market in the wake of the energy transition, countries in the MSGBC basin have begun to reform their growth agenda towards innovative strategies in the development of the region’s renewable energy potential, with Senegal having set a target of 30% renewable energy in its electricity mix by 2025 and Mauritania having set an energy mix of 50% renewables by 2030.

Infrastructure

Taking place against the backdrop of sizeable offshore gas discoveries, the MSGBC region is poised to see increased investment and development within its infrastructure sector, with major gas discoveries in Senegal set to service the country’s first gas-to-power project, the 300 MW Cap des Biches Combined Cycle Gas-Turbine plant. Underpinning the region’s efforts to achieve universal energy access while promoting local content development and GDP growth, the MSGBC region has begun to maximize its infrastructure rollout across various sectors in oil and gas, renewables, agriculture and mining.

Mining

Under a broader agenda of establishing the MSGBC basin as a regional green energy integrated hub and enabling green steel industry, the region’s well-established mining sector is poised for growth, driven by the need to meet an increasing global demand for strategic minerals required for the development of renewable energy technologies. The MSGBC region boasts a well-developed mining industry, with Guinea-Bissau holding the world’s third largest reserves of bauxite, while Senegal and Mauritania boast highly prospective reserves of gold, nickel and phosphates.

Agriculture

Fueled by high population growth and a growing demand for food, the agricultural sector in the MSGBC region will serve to foster intra-regional trade and cooperation while boosting productivity and ensuring small-scale farmers have greater access to regional markets. Crucial to economic growth, the MSGBC region’s agriculture sector will serve as a powerful tool to combat extreme poverty, boost shared prosperity and drive socioeconomic development in West Africa

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

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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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.

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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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).

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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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