Connect with us
Anglostratits

Business

Tullow Oil Chief Executive Officer (CEO) to Outline Infill Drilling, Near-Field Exploration Plans at African Energy Week (AEW) 2024

Published

on

Tullow Oil

Taking place November 4-8, African Energy Week: Invest in African Energy unites E&P companies and investors with African project opportunities

CAPE TOWN, South Africa, July 18, 2024/APO Group/ — 

Independent energy company Tullow Oil has plans to increase oil production at active fields in Ghana and Gabon in 2024 and is preparing to conduct exploratory drilling in Ivory Coast in 2025. Committed to developing oil and gas in Africa in a responsible manner, the company’s asset portfolio across the continent not only contributes to fuel security but creates economic opportunities for host communities. Tullow Oil’s CEO’s Rahul Dhir will speak at this year’s African Energy Week (AEW): Invest in African Energy conference – Africa’s largest energy event taking place from November 4-8 in Cape Town.

Operational excellence, capital efficiency and business growth are at the core of the company’s operations, with its focus on maximizing output at producing fields and assessing new development opportunities set to support economic growth in the countries in which Tullow Oil operates. During AEW: Invest in African Energy 2024, Dhir is expected to share insight into the company’s project portfolio while outlining strategies being implemented to maximize output through innovative drilling. 

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

Tullow Oil is not only making great strides towards maximizing production at active fields but is spearheading efforts to reduce emissions and foster economic growth

Tullow Oil has an active presence across several markets in Africa and has been operating on the continent since 1986. In Ghana, the company was responsible for play-opening discoveries in the Gulf of Guinea’s Tano Basin and continues to deliver commercial success through the start of production at additional wells. In 2023, the company completed the Jubilee South East project at the Jubilee prospect, bringing production up to 100,000 barrels per day (bpd) at the project. Tullow Oil plans to maintain this output over the next few years through an ongoing infill drilling program. Over the last three years, $1 billion has been invested into the Jubilee South East project, enabling previously undeveloped reserves to be brought into production. In 2024, five new wells – three production and two water injector – are expected to come online. Tullow’s second deepwater development in Ghana is the TEN field, which start production in 2016.  

In Gabon, Tullow Oil is leading infrastructure-led exploration, and in 2023, extended its Gabonese licenses to 2046. Considered a central part of the company’s production portfolio, Gabon represents one of Tullow Oil’s high-return production assets. In 2024, the company’s strategy includes pivoting towards infill drilling to sustain production. Tullow Oil also expects to drill two infrastructure-led exploration wells at the Simba license this year. Beyond 2024, Tullow Oil is committed to positioning its Tchatamba facilities in Gabon – a complex comprising the Tchatamba Marin, Tchatamba South and Tchatamba West fields and 19 development wells – as a core hub.  

Meanwhile, Tullow Oil is currently maturing the prospect inventory ahead of a drill candidate selection for an exploration well in Ivory Coast in 2025. In the country, the company holds stakes in low-risk investment projects with potential for fast commercialization, high returns and rapid payback. In 2023, production in Ivory Coast contributed to 1,000 bpd to the company’s non-operated portfolio. In addition to Ivory Coast, Tullow Oil is developing the South Lokichar Basin in Kenya. Following withdrawal from minority partners in 2023, Tullow Oil resumed a 100% stake in Blocks 10BB, 13T and 10BA in the basin. As a low-cost development project, the basin continues to be developed gradually with first production targeted for 2028. A Field Development Plan has been submitted and is under review by government.

In addition to exploration and production endeavors, Tullow Oil is moving ahead with environmental projects under efforts to reduce greenhouse gas emissions. The company signed an Emissions Reduction Purchase Agreement with Ghana’s Forestry Commission in May 2024. The agreement would see Tullow Oil invest up to $90 million over a period of ten years in forestry in line with Tullow’s 2030 Net Zero target for Scope 1 and 2 emissions. Aimed at addressing deforestation and promoting sustainable land use, the agreement will generate up to one million tons of carbon offset credits per year from two million hectares of land across the Bono and Bono East regions of Ghana.

“Tullow Oil is not only making great strides towards maximizing production at active fields but is spearheading efforts to reduce emissions and foster economic growth. With sustainability at the forefront, the company is unlocking value from both discovered reserves and potential finds. These efforts are bound to translate into tangible opportunities for local communities, showcasing the value of oil and gas in Africa,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber.

Distributed by APO Group on behalf of African Energy Chamber.

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

Published

on

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.

Continue Reading

Business

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

Published

on

IsDBI

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).

Continue Reading

Business

Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

Published

on

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.

 

Continue Reading

Trending