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TotalEnergies to Drive Libya’s Production Expansion

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Pedro Ribeiro

Pedro Ribeiro, Managing Director and Country Chair – Libya for TotalEnergies, outlined the company’s plans to optimize field performance, boost output from Waha and Sharara and pursue exploration in the Murzuq Basin in an interview with Energy Capital & Power

TRIPOLI, Libya, January 22, 2025/APO Group/ — 

In an exclusive interview with Energy Capital & Power (www.EnergyCapitalPower.com), Pedro Ribeiro, Managing Director and Country Chair – Libya for TotalEnergies, shared the company’s strategic plans to enhance field performance, increase production at Waha and Sharara and advance exploration efforts in the Murzuq Basin.  

With TotalEnergies participating in approximately half of Libya’s national production, how do you plan to build on this success and support Libya’s ambitious goal to further increase its oil and gas output in the coming years? 

TotalEnergies has been present in Libya for over 60 years and is proud to have contributed, through its partnerships with the National Oil Corporation (NOC), to the development of Libyan oil and gas production and to the recent national production records above 1.4 mboe/d. Both Waha and Sharara, which TotalEnergies is a partner of, have recorded their highest daily productions over the decade, above 370 kbo/d for Waha and 300 kbo/d for Sharara. The plan of TotalEnergies to contribute to Libya’s further production expansion is threefold: 

  • By optimizing the performance of the operating fields: infills, reinstatement and maintenance of installations, wells stimulation, etc. The recent production records of Waha and Sharara have shown how significant are the outcomes of such a steady effort. 
  • By undertaking larger scale projects, such as Mabruk, which is set for a restart in 2025 thanks to an early production facility (EPF), which will bring production initially to 25 kb/d before a ramp-up to higher rates at later stages. Other new projects in Waha and Sharara are also being evaluated. 
  • By continuing our exploration effort. TotalEnergies, together with its partners, has resumed exploration activities in Libya’s Murzuq Basin, with the drilling of the Nesser well, putting an end to a long suspension of the exploration effort around Sharara. Libya holds a strategic position in TotalEnergies’ global upstream portfolio with its large, significantly untapped and low emitting resources. TotalEnergies is committed to further contribute to Libya’s production expansion. 

Could you provide an update on the current status of the Waha production baseline and any upcoming developments in this area? 

A consistent and ambitious production enhancement initiative has been launched in 2023 and has been steadily continued over 2024, aimed at increasing production by up to 120 kbo/d. By mobilizing drilling and work-over rigs, drilling wells, restoring the integrity and potential of the wells, renewing equipment and piping and reinstating water injection systems, significant outcomes have been targeted and achieved. Having just recorded a sequence of daily production records over 370 kbo/d, Waha testifies the relevance of the strategy putting a strong focus on the reliability and optimization of the existing fields. A number of challenges still lie ahead, and we trust the Waha partnership will deliver further. 

In addition, together with the NOC, TotalEnergies has continued to progress the ambitious North Gialo project, which has the potential to increase Waha’s production by another 100 kbo/d, and plans to spud an exploration well in 2025. 

Finally, safety is TotalEnergies’ first value. We are committed to constantly improve our Safety and Environment performance, which is also the best guarantee to achieve sustainable and steady production results. An integral part of the plan is to constantly promote and diffuse a strong progress in HSE culture throughout Waha’s operations. 

TotalEnergies has committed to reducing gas flaring and methane emissions in the Waha fields. Can you share more details on the specific actions being taken to achieve this and the timeline for implementation? What role do you see TotalEnergies playing in Libya’s broader energy transition? 

In 2023, TotalEnergies championed the Oil and Gas Decarbonization Carter (OGDC) launched at the COP28, which was signed by over 50 companies, and includes the objective of “near-zero methane emissions by 2030”. Similarly, on World Environment Day (June 5th, 2023), NOC’s statement announced “Mubadara 2030”, Arabic for “Initiative 2030”, with the ambition of “minimizing gas flaring across all fields, facilities, and oil sites” with the ultimate objective of eliminating flaring by the year 2030. 

Throughout its Libyan activities, TotalEnergies sees its role as a promoter of the best environmental practices that will make Libyan oil and gas as low impact as possible. A number of actions have been undertaken, together with the NOC and the operating companies, aiming at reducing and eliminating gas flaring or venting through gas recovery for generation whether on-site or for routing to gas power plants, and through optimization of compressors. Two initiatives embody what TotalEnergies is promoting as a responsible energy producer: 

  • TotalEnergies’ AUSEA technology, a drone-mounted suite of sensors ensuring access to hard-to-reach emission points while delivering readings with the highest precision, has been made available to its Libyan partnering operating companies. A concrete action to encourage the move toward zero methane emissions.
  • The Mabruk EPF will recover by design all the produced gas to use it for the process of heating needs. It will be the first of its kind in Libya.  

TotalEnergies is moving forward with its 500 MW solar PV project, in partnership with REAOL and GECOL. How do you view the potential for solar energy in Libya, and what steps is TotalEnergies taking to ensure the success of this project as a model for future renewable energy initiatives in the country? 

Libya enjoys a first-in-class solar irradiation, which makes solar a potential ideal substitute for fuel oil and gas for power or heat generation. Besides the resource, the development of solar projects requires several enablers that must be secured prior to launching construction: a suitable piece of land, a reliable grid connection to export the solar plant energy production to the end consumers and absorb the generated output, environmental and construction permits and an offtake contract securing the payment of the electricity produced. Together with REAOL and GECOL, and the support of the NOC, TotalEnergies is progressing in securing these enablers to make the Misrata 500 MW solar project a first of its kind in Libya. 

The sunlight is readily available in Libya with spacious land. While respecting the environment, opportunities for solar projects should be contemplated to substitute and complement fuel gas in supplying Libya with clean power. TotalEnergies sees its Misrata utility-scale project as a reference project that will also be a test bench for the solar supply chain in Libya. 

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

Business

Kora highlights the growing importance of payment infrastructure as stablecoin adoption accelerates

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Kora

The conversation is shifting from what is possible to what can be implemented securely, compliantly and efficiently

AMSTERDAM, The Netherlands, July 1, 2026/APO Group/ –As stablecoins continue to gain traction across the financial services industry, businesses are increasingly focused on the infrastructure required to support their adoption at scale. The conversation is shifting from what is possible to what can be implemented securely, compliantly and efficiently.

 

This was a key theme at Money20/20 Europe 2026, where global fintech leaders gathered to discuss the future of payments. Across the event, discussions centred on artificial intelligence, regulation and reducing fragmentation across global payment systems.

Industry leaders focus on practical implementation 

As businesses explore new payment rails, the need for reliable infrastructure that connects local and global markets becomes even more important

Sessions such as the live Agentic AI demonstrations and the Policy20 regulatory roundtables highlighted the industry’s growing focus on execution rather than experimentation. Stablecoins featured prominently in conversations around faster settlements, lower costs and more efficient cross-border payments.

“Kora is well-positioned for where the industry is heading,” said Tofunmi, Head, Global Partnerships at Kora. “As businesses explore new payment rails, the need for reliable infrastructure that connects local and global markets becomes even more important.”

Connecting Africa to the future of payments 

Money20/20 Europe reinforced the importance of payment infrastructure in enabling the next generation of financial services. Throughout the event, Kora was recognised as a trusted African payment infrastructure provider, with discussions focused on the company’s expansion efforts and growing settlement capabilities.

As demand for faster and more connected payment experiences grows, Kora continues to build the infrastructure that enables businesses to collect, send and settle payments across Africa and globally.

Distributed by APO Group on behalf of Kora.

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Business

Nominations Open for Africa Women Innovation and Entrepreneurship Forum (AWIEF) Awards 2026 Honouring and Celebrating Africa’s Women Entrepreneurs

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AWIEF

The AWIEF Awards was established since 2017 to recognise and celebrate the remarkable achievements of female founders and business leaders across Africa

CAPE TOWN, South Africa, July 1, 2026/APO Group/ –The Africa Women Innovation and Entrepreneurship Forum (AWIEF) (www.AWIEForum.org) calls for nominations for the 2026 edition of the prestigious AWIEF Awards.

The AWIEF Awards was established since 2017 to recognise and celebrate the remarkable achievements of female founders and business leaders across Africa.

The Awards have showcased and honoured exceptional women leaders who are building successful businesses, driving innovation, creating jobs, and contributing to Africa’s economic growth, while inspiring future generations and highlighting the vital role of women in Africa’s development.

To remain relevant and responsive to Africa’s evolving entrepreneurial ecosystem, this year the Awards categories have been refined to better reflect emerging trends, innovation, and impact.

In addition to updating the existing categories, AWIEF has introduced the Male Ally Award to recognise male leaders whose actions and influence have contributed meaningfully to advancing women’s economic empowerment and leadership.

The winners of the AWIEF Awards 2026 will be announced at a high-profile awards ceremony and gala dinner on 11 November 2026, as the grand finale of the AWIEF 2026 Conference, taking place on 10 and 11 November 2026 at the Cape Town International Convention Centre (CTICC), Cape Town, South Africa.

Awards Categories

Woman to Watch Award

The Woman to Watch Award recognises a female leader under 35, or founder/leader of a venture under three years old, based in or primarily operating in Africa, who is already demonstrating strong early traction through revenue, pilots, partnerships, users, or beneficiaries.

Tech Pioneer Award

This award spotlights a female founder or senior leader with at least five years’ experience in technology or innovation, who is using tech, digital tools, data, or deep-tech solutions at the core of the business or initiative to tackle a clearly defined African challenge such as access, inclusion, efficiency, or scalability.

 

Agri Award

Honouring outstanding women in agriculture, this Award celebrates female founders and leaders with 5+ years in agriculture, agri-processing, agri-tech, food systems, or value chains, who are transforming Africa’s food systems and value chains while advancing productivity, sustainability, food security, or farmer livelihoods.

Creative Visionary Award

The Creative Visionary Award recognises a female entrepreneur, creator, or leader with at least five years’ experience in the creative industries (such as fashion, design, media, film, music, art, architecture, digital content, or cultural industries) who is significantly shaping African narratives, culture, or creative economies.

 

Impact for Good Award

The Impact for Good Award honours a female founder or leader whose initiative has been active for at least three years in sustainability, climate, energy, social innovation, community development, health, or education, and can demonstrate measurable social and/or environmental impact well beyond intent or pilot stage.

 

Male Ally Award

The Male Ally Award honours a male leader, founder, executive, policymaker, or senior decision-maker with 10+ years of leadership who goes beyond words to actively break barriers for women in Africa, driving sustained, systemic change for women’s economic empowerment.

 

Lifetime Achievement Award

The Lifetime Achievement Award honours a visionary, female leader with at least 25 years of leadership, entrepreneurship, or public service whose lifelong contribution has helped shape Africa’s economic, social, or institutional development and paved the way for future generations of women trailblazers.

 

No nominations are required for this category. Each year AWIEF identifies and selects from across African regions the recipient for this special award.

 

How to Nominate

You can nominate yourself or someone else. To submit nominations, please go to: https://apo-opa.co/4p2fAvk

Nominations close on 3 August 2026, at 11:59 PM CAT.

Important Dates

  • Nominations Open: 30 June 2026
  • Nominations Close: 3 August 2026
  • Finalists Announced: September 2026
  • AWIEF 2026 Conference and Awards Gala Dinner: 10 – 11 November 2026

Distributed by APO Group on behalf of Africa Women Innovation and Entrepreneurship Forum (AWIEF).

 

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China’s digital hub Hangzhou hosts conference on AI, OPC

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OPC

HANGZHOU, CHINA – Media OutReach Newswire – 30 June 2026 – The inaugural AI+OPC Innovation and Development Conference was held from June 29 to 30 in Shangcheng District, Hangzhou, capital city of east China’s Zhejiang Province. Centered on one-person company (OPC), a new form of smart economy in the AI era, the conference program comprised one opening ceremony and two parallel breakout sessions.

It gathered around 400 delegates from government departments, industry associations, financial institutions, AI enterprises and OPC startup operators across the country. Participants exchanged insights on AI innovation pathways and cross-industry integration strategies, injecting strong impetus into Hangzhou’s ambition to develop a national benchmark hub for AI+OPC entrepreneurship.

A series of key launches and milestone ceremonies took place during the opening segment. Official releases included the 2026 national OPC development observation report, Hangzhou’s 2026–2028 action plan and supporting policies to build a national AI+OPC entrepreneurship hub, and a catalog of actionable AI+OPC application scenarios. Attendees also received an in-depth interpretation of the specifications for AI-enabled OPC community services and evaluation.

The ceremony featured multiple landmark initiatives: plaque awarding for Hangzhou’s priority AI+OPC incubation communities and dedicated observation sites, the official launch of the AI+OPC Community Alliance initiative, and a kickoff marking the official construction of the national AI+OPC entrepreneurship hub.

The open forum session featured keynote speeches from distinguished industry and academic leaders. Speakers included Pan Yunhe, former executive vice president of the Chinese Academy of Engineering and professor at Zhejiang University; Liang Gui, former executive vice governor of Jiangxi Province and ex-director of the Torch High Technology Industry Development Center under the Ministry of Industry and Information Technology; and Zou Ling, head of Hong Hub, Shangcheng District’s single-member unicorn startup acceleration community, who shared cutting-edge insights from varied perspectives.

A panel dialogue followed, bringing together representatives from Moshu OPC Community (Beijing E-Town), the School of Future Science and Engineering at Soochow University, Qingju Hub · Future Digital Intelligence Port (Shangcheng District), and Puhua Capital for in-depth industry exchanges.

Complementary concurrent events held throughout the conference included an OPC capital-industry matchmaking salon, a symposium on industry-education integration for AI-powered OPC sectors, and a national exchange forum for AI+OPC community practitioners.

OPC has emerged as a vibrant new engine driving economic vitality and underpinning high-quality development. Against the backdrop of a new development era, the inaugural Hangzhou AI+OPC Innovation and Development Conference unites OPC innovators nationwide.

Drawing on the creative energy of millions of independent super-individual operators, the event delivers sustained digital momentum to fuel Hangzhou’s super-individual economy, while rolling out replicable local practices and actionable Hangzhou solutions to advance high-quality growth of smart economies nationwide.

 

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