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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.

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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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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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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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