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The Organization of Petroleum Exporting Countries Secretary General to Deliver High-Level Address at African Energy Week 2023

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Energy Renaissance

OPEC Secretary General H.E. Haitham Al Ghais will deliver a high-level address at the African Energy Week conference this October

JOHANNESBURG, South Africa, July 28, 2023/APO Group/ — 

With over 125.3 billion barrels of proven crude oil reserves, Africa represents a key player and contributor to the growth of the global economy. To ensure energy security and industrialization across both the African continent and the global market, African countries are maximizing the development, monetization and exportation of oil resources. In this regard, institutions such as the Organization of Petroleum Exporting Countries (OPEC) are vital, and continue to make great strides towards stabilizing global markets while spearheading energy security in Africa.

During this year’s premier event for Africa’s energy sector, African Energy Week (AEW) – taking place from 16 – 20 October in Cape Town – H.E. Haitham Al Ghais, Secretary General of OPEC, will deliver a high-level keynote address on the state of play of Africa’s oil industry and the role OPEC plays in supporting the stability of the market. During the 2022 edition, H.E. Al Ghais presented OPEC’s Global Energy Outlook, emphasizing the organization’s optimism on the role of African resources in shaping global energy security and addressing the continent’s energy shortage dilemma. At AEW 2023, the Secretary General will expand on last year’s message while showcasing OPEC’s commitment to helping Africa prioritize energy poverty eradication, environmental sustainability and industrialization.

As an intergovernmental organization, OPEC plays an instrumental role in facilitating fair and stable prices for producers, ensuring efficient and economic supply of petroleum while enabling a fair return on capital to those investing in the oil industry. The organization boasts the membership of some of Africa’s top hydrocarbon producing markets including the Republic of Congo, Angola, Equatorial Guinea, Gabon, Nigeria, Algeria and Libya, and works towards supporting the continent’s efforts to maximize its oil resources for the sustainable development of African economies.

OPEC is helping drive the continent’s local content development and energy sustainability agenda

OPEC coordinates and unifies petroleum policies of African countries with that of their global counterparts to ensure regimes are attractive to investors and competitive to international standards. OPEC’s production quotas enable African countries to sustainably produce and monetize oil reserves while market monitoring helps stabilize the market. During the 35th OPEC and non–OPEC Ministerial Meeting in June 2023 – which was chaired by OPEC President and Equatorial Guinea’s Minister of Mines and Hydrocarbons, H.E Antonio Oburu Ondo – OPEC set the production target for its members and non-OPEC participating countries for 2024 at 40.46 million barrels per day to balance supply and demand dynamics.

The organization has also positioned itself as one of Africa’s most reliable partners in navigating industry challenges and maximizing opportunities presented by the energy transition as well as global economic instabilities and geopolitical tensions. While a lack of investments represents one of Africa’s biggest energy market challenges, OPEC – through its venture arm, the OPEC Fund for International Development – ranks among Africa’s top investment partners for infrastructure rollout and economic diversification. Investments made in Africa by the OPEC Fund include a $20 million package for micro, small and medium businesses in Botswana; a $20 million support for the Niger Solar Plant Development and Electricity Access Improvement Project; and a wide range of financing aimed at boosting agriculture, fishing, technical sciences, food security and digitalization practices across Africa.

“OPEC plays an important role in stabilizing Africa’s oil market activities. By coordinating cooperation among African oil producers and their global peers, OPEC is helping drive the continent’s local content development and energy sustainability agenda. Africa’s energy resources play a crucial role in shaping the global energy transition and organizations such as OPEC are key partners in ensuring that this transition is just and inclusive for Africa,” stated NJ Ayuk, the Executive Chairman of the AEC.

Under the theme, ‘The African Energy Renaissance: Prioritizing Energy Poverty, People, the Planet, Industrialization and Free Markets’, AEW 2023 will see OPEC lead dialogue around best practices for Africa to address oil industry challenges and maximize the growth of its industry. AEW 2023 will host several emerging oil producers such as Namibia, the Democratic Republic of Congo and Uganda, all of which stand to significantly gain from joining organization’s such as OPEC. As such, the event will feature high-level engagement between OPEC members and non-members, with exciting deals on the table.

AEW is the AEC’s interactive exhibition and networking event uniting African energy stakeholders, driving industry growth and development, and promoting Africa as the destination for African-focused events. For more information about sponsorship, attendance and partnership opportunities, visit www.AECWeek.com.

Distributed by APO Group on behalf of African Energy Chamber.

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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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