Latest news with #AEW:InvestinAfricanEnergies
See - Sada Elbalad
4 days ago
- Business
- See - Sada Elbalad
Egypt to Highlight New Licensing Opportunities at AEW 2025
Nada Mustafa Karim Badawi, Egypt's Minister of Petroleum and Mineral Resources, has joined the African Energy Week (AEW): Invest in African Energies 2025 conference, taking place September 29 to October 3 in Cape Town – as a speaker. His participation comes as the country advances its latest licensing round, seeking to increase production through fresh investment in offshore and onshore blocks. With the round set to close in the second half of 2025, Egypt is gearing up for accelerated growth across its upstream industry. Egypt's latest licensing round was launched in March 2025, featuring 13 offshore and onshore blocks across key hydrocarbon regions. Available acreage includes seven undeveloped fields in the Mediterranean Sea, three offshore exploration blocks in the Gulf of Suez and three onshore exploration areas in the Western Desert. The bid round forms part of a broader strategy by the Ministry of Petroleum and Mineral Resources to attract new investment across the upstream sector and follows a previous 12-block round which closed in February 2025. During AEW: Invest in African Energies 2025, Badawi is expected to share insights into the impact these licensing rounds will have on the market. AEW: Invest in African Energies 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 for more information about this exciting event. Egypt's bold licensing strategy comes as the country strives to mitigate production decline and support the development of high-potential blocks. Under the leadership of the Ministry of Petroleum and Mineral Resources, the country has set a target of drilling 586 oil and gas wells by 2030 and is strengthening collaboration with international partners to realize this goal. Recent deals and exploration milestones align with this strategy, indicating a positive growth trajectory for the country's upstream oil and gas sector. Egypt approved two transactions by Russian energy firm Lukoil in May 2025, covering exploration and production rights for acreage in the South Wadi El-Sahl region of the Eastern Desert and the Wadi El-Sahl area. Energy major ExxonMobil signed an MoU for a new operational framework in the Cairo and Masry offshore concession areas of the Mediterranean Sea while energy major Eni is spearheading a $26 billion investment strategy across three North African countries – including Egypt. In terms of drilling, Eni is preparing to drill two development wells at the Zohr gas field in 2025. ExxonMobil plans to drill a new offshore gas exploration well in the North Marakia Offshore Concession. The Egyptian Natural Gas Holding Company also plans to drill 17 exploratory and evaluation wells in 2025/2026, targeting acreage in the Delta and Mediterranean Sea. The company is investing $434 million in drilling activities. Beyond exploration, Egypt is working toward scaling-up its production and export capacity to support growing demand in both regional and international markets. As one of Africa's top gas producers, Egypt already plays an instrumental part in global supply chains, but upcoming projects stand to further consolidate its position as a global exporter. Turkey is deploying a floating storage and regasification unit (FSRU) to Egypt, which will provide LNG storage and regasification services to the country during peak demand periods in 2025. Another agreement was signed with energy infrastructure firm Höegh Evi for the supply of a FSRU, which will be situated at the Port of Sumed in Q4, 2026. The FSRU enhance the country's regasification and export capacity. Meanwhile, energy major Chevron announced plans to conduct a seabed survey in the eastern Mediterranean, aiming to develop a pipeline that will transport gas from Cyprus' Aphrodite field to processing facilities in Egypt. This will not only support regional gas monetization but cements Egypt's role as a regional petroleum hub. Badawi's insights at AEW: Invest in African Energies 2025 are expected to support both upcoming projects and efforts to integrate regional markets. 'Egypt is not only assessing short-term production strategies but implementing initiatives that ensure long-term growth across the upstream oil and gas industry. Spearheaded by Minister Badawi, the country is advancing its bold licensing strategy, offering blocks that have the potential to transform the exploration and production space. This approach signals a strong commitment by the government to establish a globally-competitive and resilient energy sector in North Africa,' states Tomás Gerbasio, VP Commercial and Strategic Engagement, African Energy Chamber. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
Zawya
16-04-2025
- Business
- Zawya
African Farmout Forum Returns to African Energy Week (AEW) in 2025, Showcasing Emerging Block Opportunities
The African Farmout Forum will return to African Energy Week (AEW): Invest in African Energies in 2025, offering a collaborative platform for international oil companies, national oil companies and upstream regulators to present their projects and block opportunities to a global audience. Led by global energy advisor Moyes&Co independent A&D advisor Envoi Limited; and oil and gas asset platform FarmoutAngel, the forum serves as the premier platform to secure partnerships and deals across Africa's upstream sector. Over the years, the African Farmout Forum has played a vital role in facilitating farm-in agreements in both emerging and mature hydrocarbon markets. During the 2024 edition, promoted blocks spanned across Somalia, Morocco, Ghana, Nigeria, Sierra Leone, Equatorial Guinea, Namibia, Cameroon, São Tomé and Príncipe, Angola, the Democratic Republic of the Congo and Senegal, with two additional onshore blocks presented in Timor-Leste. An even wider range of opportunities is anticipated in 2025 as operators seek capital and technical expertise to advance new projects. AEW: Invest in African Energies 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 for more information about this exciting event. Africa's upstream oil and gas sector is entering a new growth phase. According to the African Energy Chamber's (AEC) State of African Energy 2025 Outlook, upstream capital expenditure is projected to reach $43 billion in 2025, climbing to $54 billion by 2030. West and North Africa are set to lead this surge, accounting for half of the total spend. While offshore developments have led investment since 2023, the outlook suggests a balancing trend, with onshore and offshore spending expected to converge as interest grows in underexplored onshore acreage. Notable hotspots include North Africa, where Egypt and Algeria are witnessing heavy-capital flows; West Africa, with a surge in spending in Ivory Coast; and Southern Africa, led by markets such as Namibia – targeting first oil by 2029 – and Angola. An uptick in spending has also been registered in Zimbabwe (onshore) and South Africa (offshore). Amid this growth, Africa's M&A activity is gaining momentum. The first half of 2024 saw M&A deals surpass 2023 totals, with $12.7 billion in deals by July. With approximately $16 billion worth of assets holding over three billion barrels of oil equivalent resources currently on the market, African upstream M&A activity is expected to remain robust through 2025. The 2024/2025 period will also see more than 11 licensing rounds launched across the continent as governments aim to sustain or expand production. In North Africa, Libya launched a 22-block bid round in April 2025 as part of a strategy to boost oil output to two million barrels per day. Egypt recently closed submissions for its 12-block licensing round covering the Mediterranean and Nile Delta regions, while Algeria has extended the deadline for its latest round – offering six onshore blocks – to June 2025. In West Africa, Mauritania is expected to auction 15 offshore blocks in 2025 while Liberia has 29 offshore blocks on offer as part of a direct negotiation round. In southern Africa, Angola is preparing to launch its 2025 licensing round, while Namibia has introduced a new open-door licensing system to encourage exploration. Tanzania is promoting 24 oil and gas blocks, while South Africa is on track to open new offshore and onshore acreage in 2025. These rounds signal a wealth of new farm-in and partnership prospects, with the African Farmout Forum positioned to highlight the continent's most promising hydrocarbon basins. Featuring 7-minute deal pitches, a wall of farmouts and curated networking opportunities, the forum will catalyze upstream investment and deal-making in Africa. 'The African Farmout Forum has become a strategic platform for companies to engage, foster partnerships and sign deals. By offering insight into strategic blocks, emerging basins and upcoming farm-in opportunities, the forum promotes collaboration at Africa's largest energy event,' states Tomás C. Gerbasio, VP Commercial and Strategic Engagement at the AEC. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
19-03-2025
- Business
- Zawya
African Energy Week (AEW) 2025 Program Launches, Highlighting African Energy Security and Global Investment Opportunities
The African Energy Week (AEW): Invest in African Energies conference has officially launched its 2025 program, covering strategic topics from upstream oil and gas to downstream infrastructure and distribution to the energy transition, power industry, energy finance and more. The program offers insight into what this year's edition will offer, as industry leaders, global investors, major operators and think-tanks convene in Cape Town to discuss Positioning Africa as the Next Global Energy Champion. As the largest event of its kind in Africa, AEW: Invest in African Energies serves as a vital platform to sign deals and drive energy projects forward. This year's event offers an expanded program, featuring a variety of stages covering the entire energy value chain. Additional features include pre-conference workshops, a deal room, the return of the African Farmout Forum, technical hubs, fireside chats and more. The Just Energy Transition concert returns to kick off the week while the African Energy Awards&Gala Dinner celebrates movers and shakers in African energy. One of the highlights of this year's conference is the G20 Energy Leaders Roundtable, which comes as South Africa hosts the 20th meeting of the G20 group this year. A series of country spotlights will also take place during the course of the week, covering markets such as South Africa, Senegal, Equatorial Guinea, Namibia and the Republic of Congo, as well as an OPEC roundtable featuring major OPEC-producers. A BRICS roundtable will examine the impact the group has on Africa's energy future while a COP 30 roundtable will discuss Africa's position ahead of the conference this year. Africa's energy sector is more attractive than ever, as regulatory reforms, ambitious policies and long-term development strategies continue to entice spending. Total capital expenditure for the oil and gas industry alone is estimated to reach $43 billion in 2025, with spending set to reach $54 billion by 2030. AEW: Invest in African Energies 2025 features an energy finance stage, with discussions covering the African Energy Bank; investment trends in Africa and reducing barriers to entry. The stage will unpack Mergers&Acquisitions financing cross-border projects; energy access and equity, among other topics. As one of the final frontiers for oil and gas exploration, Africa is seeing a plethora of projects advance. West Africa is projected to lead oil and gas spending in 2025, accounting for over 50% of the continent's total expenditure. While established producers such as Nigeria remain dominant, emerging producers such as Senegal and Mauritania are attracting high levels of investment. In Southern Africa, Namibia targets first oil by 2029 while South Africa seeks to unlock discoveries in both its offshore basins and onshore shale prospects. Zimbabwe targets onshore gas production while Mozambique advances its pipeline of large-scale LNG projects. AEW: Invest in African Energies Upstream E&P Forum will examine the continent's exploration hotspots. Panels include onshore and shallow water potential; the resurgence of Libya; onshore basins to watch; the outlook for LNG; and deepwater plays. Amid the continent's oil and gas drive, Africa also seeks to advance a just energy transition, Countries such as Mauritania, Namibia and South Africa are spearheading large-scale green hydrogen developments while solar and wind developments offer increased accessibility for remote communities. Gas-to-power is a central feature of the continents just energy transition, with Algeria, Nigeria and Egypt leading the charge. The AEW: Invest in African Energies Energy Transition stage will unpack strategies for decarbonizing while boosting industrialization. Topics include addressing energy security and climate commitments; clean cooking opportunities; local content; integrated ESG, and more. As Africa seeks to make energy poverty history by 2030, a fundamental industry is the power sector. Efforts are underway across the continent to revitalize power infrastructure, with both grid-connected and off-grid projects advancing. International partners have a role to play in supporting power projects and the AEW: Invest in African Energies Powering Africa stage will address this. Topics include energy leaders dialogue; energy efficiency; bridging the electricity gap; energy diversification; and integrating renewables into the energy mix. 'Africa is on the cusp of an energy revolution, and AEW: Invest in African Energies is where the deals that will define our continent's future are made. We remain committed to making energy poverty history by 2030, and through this event, we are accelerating the partnerships and policies that will make that vision a reality,' states NJ Ayuk, Executive Chairman of the African Energy Chamber. Visit to download your copy today. AEW: Invest in African Energies 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 for more information about this exciting event. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
17-03-2025
- Business
- Zawya
The U.S.-Africa Energy Forum (USAEF) Partners with African Energy Chamber, African Energy Week 2025
The U.S.-Africa Energy Forum (USAEF) is proud to announce its strategic partnership with the African Energy Chamber (AEC) and African Energy Week (AEW): Invest in African Energies. This collaboration strengthens USAEF's mission to connect U.S. investors with Africa's most promising energy opportunities, facilitating high-value engagements between American stakeholders and African energy leaders. Taking place in Houston, Texas, on August 6-7, 2025, USAEF serves as the leading platform for fostering U.S.-Africa energy investment, offering direct access to key markets and project opportunities across the continent. Its partnership with the AEC and AEW ensures that U.S. investors not only gain critical market insights, but also establish meaningful connections that will be further developed at the AEW: Invest in African Energies conference in Cape Town on September 29-October 3, 2025. USAEF provides American investors with a direct gateway into Africa's energy sector, featuring high-profile discussions on licensing rounds, LNG developments, deepwater exploration and large-scale renewable projects. With Africa's energy sector witnessing record-breaking capital expenditure – projected at $43 billion in 2025 – this collaboration ensures that U.S. companies can tap into the continent's expanding oil, gas and renewables industries. 'Africa's energy sector is primed for investment and we're excited to partner with the U.S.-Africa Energy Forum to connect American investors with the continent's most promising energy opportunities. This partnership will help drive capital flows into Africa's energy sector, supporting not only economic growth but also energy access and sustainable development," notes NJ Ayuk, Executive Chairman, African Energy Chamber As global energy strategies evolve, recent shifts in U.S. policy reflect a more balanced approach to fossil fuel investments, recognizing the critical role of natural gas and oil in securing global energy stability. USAEF provides a timely opportunity for U.S. investors to navigate this evolving landscape while aligning with Africa's energy priorities. Through curated investor roundtables, private equity sessions and ministerial discussions, USAEF will position U.S. companies at the forefront of Africa's energy growth. With AEW serving as Africa's premier energy investment platform, USAEF acts as a strategic prelude, ensuring U.S. stakeholders are equipped with the insights, relationships and opportunities needed to maximize their impact on the continent. 'Africa presents an unparalleled opportunity for American investors seeking access to high-growth energy markets. By partnering with the AEC and AEW, USAEF strengthens its role as the premier U.S. platform for connecting capital with Africa's energy potential. This partnership creates a seamless bridge from Houston to Cape Town, enabling U.S. stakeholders to engage in substantive dealmaking at AEW,' says James Chester, CEO of Energy Capital&Power. For tickets, sponsorship opportunities and more information, please contact sales@ Join us in Houston this August to connect with the leaders shaping Africa's energy landscape and experience the momentum that drives ECP's events worldwide. Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
13-03-2025
- Business
- Zawya
Tima Networks to Create $100M Fund with African Energy Chamber (AEC)
The African Energy Chamber (AEC) ( – the voice of the African energy sector – signed two Memoranda of Understanding at the Invest in African Energies Forum in Shanghai on Thursday. The deals support China-Africa energy ties by facilitating partnerships and technology exchange between Chinese and African companies. The first deal, signed with B2B technology company Tima Networks, will see the company bring its automated fleet management technology to Africa. Tima Networks is a software company that utilizes Artificial Intelligence to enhance EV efficiency and management, promoting technology-driven transportation. The partnership will work to implement this innovative fleet management technology across Africa, supporting the utilization and adoption of EVs across the continent. The second deal, signed with Yunan County Chuangxing Industrial Investment Group, was a Strategic Cooperation Framework Agreement aimed at facilitating interactions between the Chinese and African energy and chemical industries. Under the terms of the deal, the parties will work together to encourage African firms and projects establish themselves in the Yunfu Yunan Industrial Park. The parties will also establish a platform for technological exchange and resource-sharing between Chinese and African enterprises to support sustainable development. The Invest in African Energies Forum in Shanghai served as a prelude to the African Energy Week (AEW): Invest in African Energies conference, slated for September 29 to October 3 in Cape Town. As the largest event of its kind in Africa, AEW: Invest in African Energies fosters collaboration and investment in Africa. For Chinese companies, the event offers a strategic opportunity to gain insight into African projects while strengthening ties with African firms. Distributed by APO Group on behalf of African Energy Chamber. AEW: Invest in African Energies 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 for more information about this exciting event.
