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What’s Next for African Upstream? African Energy Week (AEW) 2025 to Explore 2026 Market Trends

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Nigeria

The event will explore upcoming upstream trends in Africa, with insights shared by speakers from ExxonMobil, Renaissance Africa Energy, Heirs Energies and S&P Global Commodity Insights

CAPE TOWN, South Africa, July 16, 2025/APO Group/ –With Africa’s upstream capital expenditure expected to reach $54 billion by 2030, the continent is gearing up for significant growth. A rise in frontier drilling, untapped resources in proven petroleum plays in tandem with growing global demand for sustainable fuels is expected to drive spending, with African licensing rounds further supporting investments. Amid this growth, key challenges come to the fore, including access to financing and maximizing output at mature fields. As such, the question remains: what’s next for African upstream?

This year’s African Energy Week (AEW): Invest in African Energies conference – taking place September 29 to October 3 in Cape Town – will feature a series of presentations and panel discussions tackling this very question. A panel discussion on Frontier Plays Within Africa’s Mature Basins will examine strategies for unlocking additional reserves at mature assets. Speakers include Katrina Fisher, Managing Director at ExxonMobil Angola; Layi Fatona, Chairman of the Board, Renaissance Africa Energy Company; and Osayande Igiehon, Managing Director and CEO, Heirs Energies. As operators focus on perseverance and value creation from late-life assets, the session will explore the benefits of repurposing mature fields to meet anticipated energy demand.

Ahead of the panel discussion, Dan Pratt, Head of Upstream Solutions at global energy and commodities information provider S&P Global Commodity Insights, will deliver a presentation on What’s Next for African Upstream in 2026. The presentation will unpack key challenges and opportunities across the continent’s upstream market. Additionally, Tony Attah, Managing Director and CEO of Renaissance Africa Energy Company, will participate in a Fireside Chat, delving into ongoing projects and future investment strategies.

In 2026, Africa’s upstream sector is set to receive a major boost, with investments by companies such as ExxonMobil set to unlock new reserves as mature fields. In Angola, the company targets greater production at legacy assets, leveraging policies such as the Incremental Production Initiative to bolster output. In June 2025, the company signed a production sharing contract extension for Block 17 offshore Angola. The extension enables the ongoing use of existing infrastructure and technical expertise to maximize value from the mature field. This follows a discovery made by ExxonMobil in 2024 at the Likember-01 research well. The first find under the country’s Incremental Production Initiative, the discovery showcases the potential for greater production.

Meanwhile, Renaissance Africa Energy Company – a consortium of independent oil and gas companies – is also positioning itself at the forefront of Africa’s upstream sector. The company is investing $15 billion across 32 oil and gas projects over the next five years, aiming to establish itself as a prominent player in Nigeria’s Niger Delta region. This follows the $1.3 billion acquisition of Shell Petroleum Development Company of Nigeria, affirming the company’s role in the country’s upstream sector. For Heirs Energies, investing in both producing and exploration assets is a top priority. As operator of OML 17 in Nigeria, the company has doubled production from 25,000 barrels per day (bpd) to 50,000 bpd since the block’s acquisition from Shell in 2021. Looking ahead, the company strives to replicate this success in other markets and is eyeing new investment opportunities in the Republic of Congo – one of Africa’s biggest oil producers.

The AEW: Invest in African Energies 2025 panel discussions and presentations will explore the impact these investments will have on Africa’s upstream sector. Insights into anticipated drilling campaigns, upcoming projects and challenges will be shared, providing a comprehensive overview of the continent’s upstream market.

Distributed by APO Group on behalf of African Energy Chamber.

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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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