Latest news with #AEW:InvestinAfricanEnergies2025
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
12-03-2025
- Business
- Zawya
African Energy Week (AEW) 2025 to Showcase Africa's Growing Energy Momentum, with $43 Billion in Capital Expenditure (CapEx) Projected for 2025
Africa's energy sector continues to show resilience and dynamism, with capital expenditure (CapEx) on oil and gas projects remaining a key driver of growth. According to the African Energy Chamber's ( Sta te of African Energy 2025 Outlook Re port, investment remains strong in 2025, with total CapEx estimated at $43 billion, while long-term projections indicate an increase to $54 billion by 2030 – reinforcing Africa's position as a critical player in the global energy market. As African Energy Week (AEW): Invest in African Energies 2025 prepares to convene key industry players in Cape Town, these investment trends will be central to discussions on accelerating project development, securing capital and ensuring Africa's energy industry remains competitive on the global stage. According to the report, West and North Africa continue to lead CapEx spending, with West Africa contributing over 50% of the continent's total expenditure from 2023 through the decade. Established oil producers such as Nigeria and Angola remain dominant, while emerging players like Mauritania and Senegal are attracting increasing investment. The continent's rich liquid hydrocarbon resources continue to draw the majority of capital, accounting for over 60% of total hydrocarbon investment through 2030. However, natural gas is gaining momentum, with its share of CapEx rising to over 40% by the end of the decade. This shift underscores a major theme of AEW: Invest in African Energies 2025, positioning Africa as a competitive global gas hub while reaffirming oil's role as a pillar of economic growth and energy security. Looking ahead, onshore projects are expected to attract the majority of investment, accounting for 56% of total CapEx by 2030, driven by lower unit costs and increasing interest in onshore natural gas monetization. This trend is reflected in drilling activity, with onshore drilling remaining dominant – comprising 80% of the 1,060 wells drilled in 2024 – while offshore rig demand continues to rise, reaching an estimated 46 rig years in 2025. At AEW: Invest in African Energies, industry leaders will explore how these shifting investment patterns can accelerate energy security and infrastructure expansion across the continent. Exploration is also on the upswing, with over 150 wells completed in 2024 and heightened activity in southern Africa, particularly in Namibia's Orange Basin. Africa is emerging as a leader in global high-impact drilling, with exploration spending surpassing $6 billion in 2024, largely driven by major discoveries in Namibia and continued investment in North and West Africa. This momentum is expected to continue as multiple licensing rounds are planned across the continent, with Nigeria, Angola, the Republic of Congo, Libya, Algeria, Tanzania and Liberia among the countries opening new blocks for development. With exploration serving as a key catalyst for new investments, AEW 2025 will serve as a critical platform for showcasing frontier opportunities and securing new project financing. Africa's mergers and acquisitions (M&A) landscape remains dynamic, following a significant rebound in 2024 and driven by global energy majors rationalizing their portfolios. Regional players and national oil companies (NOCs) are taking on a more prominent role, acquiring assets from majors and expanding their footprint in key markets like Angola and Nigeria. West Africa continues to dominate M&A activity in terms of deal value, followed closely by North Africa. Meanwhile, Middle Eastern and Asian NOCs are ramping up their investment in African assets, further diversifying the investor landscape. As consolidation reshapes Africa's energy sector, AEW 2025 will provide a vital forum for dealmaking, fostering new partnerships and strengthening the role of African players in the global market. As the African energy sector evolves, the upcoming AEW: Invest in African Energies 2025 will serve as a critical platform to drive investment discussions and facilitate deal-making. With global energy markets shifting and Africa's vast oil and gas resources remaining underutilized, the continent presents a compelling case for increased foreign direct investment. AEW 2025 will provide the platform for stakeholders to explore opportunities, forge new partnerships and position Africa at the forefront of the global energy transition. 'Africa's energy sector is entering a new era of growth, driven by strategic investments and a commitment to monetizing our vast resources. With $43 billion in capital expenditure projected for 2025, the continent is proving that it is open for business and ready to compete on the global stage. AEW 2025 will be the premier platform to drive these investment discussions and ensure Africa's energy industry remains resilient and dynamic,' said Ore Onagbesan, Program Director for the 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. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
27-01-2025
- Business
- Zawya
African Energy Week Drives Positive Impact in Cape Town: Employing 70 Local Vendors, with 99% of Event Work Delivered by South African Companies
The African Energy Week (AEW): Invest in African Energies conference continues to leave an indelible mark on the city of Cape Town, reinforcing its status as a leading platform for investment, collaboration and innovation in Africa's energy sector. Beyond advancing the continent's energy agenda, AEW delivers significant economic and social benefits to the local community, creating jobs, supporting businesses and empowering young professionals. In 2024, AEW proudly delivered economic benefits that directly impacted the local community. By engaging exclusively with 70 South African vendors and ensuring 99% of event work was conducted by South African companies, the event solidified its commitment to wealth creation and keeping economic gains within the country. These efforts underscore AEW's dedication to local empowerment, with every aspect of logistics and services sourced locally to maximize community benefit. Additionally, AEW significantly boosted the hospitality sector, with 80% of accommodation in Cape Town directly booked because of the conference, driving notable revenue growth for local hotels. The event also ensures its economic contributions are fully realized by paying local taxes, further bolstering Cape Town's GDP and creating a significant distinction from some international companies that do not adhere to the same standard. AEW's impact extended to education and skills development, with complimentary access provided to 102 students. This initiative reflects the event's focus on nurturing the next generation of energy leaders, equipping them with the knowledge and connections needed to thrive in the evolving energy landscape. The success of AEW also highlights Cape Town's growing reputation as a global energy hub. By hosting a world-class event that attracts leaders and investors from across the globe, the city has positioned itself as a strategic destination for energy-related discussions and partnerships. This visibility has not only elevated Cape Town on the global stage, but also fostered an environment conducive to long-term investment and innovation within the local energy ecosystem. Looking ahead, AEW: Invest in African Energies 2025, scheduled to take place from September 29 to October 3, is set to build on this legacy. The upcoming edition will once again position Cape Town as a hub for deal-making, collaboration and innovation, bringing together energy leaders, policymakers, investors and innovators from across the globe. With a strong focus on investment in transformative energy projects, capacity building and enabling environments, AEW 2025 aims to unlock new opportunities for Africa's energy sector while expanding its positive impact on the host city. 'AEW's impact on Cape Town is a testament to the power of collaboration and local empowerment,' said NJ Ayuk, Executive Chairman of the African Energy Chamber. "By placing local businesses and people at the heart of its initiatives, AEW goes beyond driving Africa's energy ambitions – it creates meaningful, lasting benefits for the host city, strengthening its economy and fostering sustainable growth. This is more than just an event; it's a catalyst for transformative change.' 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.
