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EnergyCapitalPower
Imperatus Energy Ceo Unpacks Downstream Strategy For Congo
As the Republic of Congo strives to reach a crude oil production target of 500,000 barrels per day, it is also making significant strides in advancing its downstream sector. Energy trading companies, such as Imperatus Energy, will be pivotal to ensuring efficient distribution and market stability during this expansion strategy. In an interview with Energy Capital & Power, Imperatus Energy CEO Oumar Semega discussed the company’s supply chain strategies and infrastructure development updates in Congo. What strategies are being implemented by Imperatus Energy to ensure a reliable and efficient supply chain for petroleum and gas products? As a specialized energy trading company, Imperatus Energy adopts a flexible and optimized approach to secure a reliable supply of petroleum and gas products in the African market. We prioritize diversification of supply sources by working with a vast network of international and regional producers, refineries and suppliers. Our logistics and flow management strategy involves collaboration with storage terminals, pipeline operators and maritime, river and land transport providers. By negotiating agreements, we optimize costs and ensure the swift and secure distribution of products. We also leverage technology to enhance visibility and performance through risk management tools, digital cargo tracking platforms and advanced trading systems. To mitigate risks, we employ proactive risk management and regulatory compliance strategies, including financial hedging to counter oil and gas price volatility. How does Imperatus Energy collaborate with local and international partners to meet the Republic of Congo, and Africa’s, energy needs? Imperatus Energy adopts a collaborative approach, working with a strategic network of local and international partners to secure competitive and reliable petroleum and gas supplies for Africa. We maintain partnerships with international producers and refineries, ensuring access to significant energy volumes under optimal conditions. To support local markets, we work closely with importers and petroleum distribution companies, offering flexible solutions in terms of volume, delivery schedules and payment terms. This helps local players efficiently distribute energy to end consumers. With rising demand for energy logistics and storage in the Republic of Congo, how is Imperatus Energy developing its infrastructure to address these challenges? We partner with refineries, storage terminals and top logistics operators to secure transportation and product availability in key markets. This strategy enables flexibility in responding to demand fluctuations while optimizing transport and storage costs. Through advanced logistics management, we identify the best supply routes based on existing infrastructure, including floating storage, pipelines, maritime, river, rail and road transport. By securing agreements with suppliers and storage operators, we ensure uninterrupted supply, even during market tensions. We also leverage technology for real-time shipment tracking, demand forecasting and trading optimization. How does Imperatus Energy facilitate transactions and payment solutions for its energy clients? Imperatus Energy provides secure and flexible payment solutions, recognizing the financing and liquidity challenges in African markets. We offer tailored payment options, including deferred payments, trade financing through credit lines, letters of credit for secured transactions, installment plans for cash flow management and multi-currency payment capabilities. By partnering with banks and financial institutions, we ensure access to funding for petroleum and gas purchases. To optimize international transactions, we assist with currency conversion and foreign exchange operations, negotiating favorable conditions with banking partners to minimize transaction costs. As a Gold Sponsor at the inaugural Congo Energy & Investment Forum 2025, what are your expectations for this event? Imperatus Energy views this event as a platform to reinforce our commitment to Africa’s energy market, particularly in the Republic of Congo. We aim to strengthen partnerships by engaging with key industry players, including government officials, financial institutions, local businesses and international investors, to foster sustainable energy collaborations. Understanding market trends and investment opportunities is another priority. The forum provides a unique chance to analyze regulatory developments and identify investment prospects in energy trading, imports and distribution.
oil-gas
Feb 14, 2025
EnergyCapitalPower
Ceif 2025 To Position Flng As A Catalyst For Gas Monetization
The inaugural Congo Energy & Investment Forum (CEIF) will feature a Hallmark Celebration of FLNG session, dedicated to acknowledging and celebrating the remarkable advancements in FLNG technology and its domestic application within the Republic of Congo. The session is designed to underscore the nation’s progress in harnessing FLNG solutions to bolster its energy infrastructure and economy. Attendees can anticipate in-depth analyses of current projects, insights into future initiatives and evaluations of the economic and environmental impacts of FLNG utilization. The inaugural Congo Economic and Investment Forum, set for March 24-26, 2025, in Brazzaville, under the patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société National des Pétroles du Congo, will bring together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. The event will explore the latest gas-to-power projects and provide updates on ongoing expansions across the country. The Republic of Congo has made significant strides in the FLNG arena, positioning itself as a notable player in the global LNG market. In February 2024, Italian energy conglomerate Eni shipped its first LNG Cargo from its Tango FLNG unit, boasting a liquefaction capacity of 0.6 million tons per annum (MTPA). Building on this momentum, Eni launched the hull of the Nguya FLNG facility in November 2024 at Wison Heavy Industry’s shipyard in Nantong, China. This new facility is slated to add an additional 2.4 MTPA, bringing the total liquefaction capacity of the Congo LNG project to 3 MTPA by the end of 2025. The integration of FLNG technology is anticipated to have a transformative impact on the Republic of Congo’s energy landscape. By enabling offshore gas liquefaction, FLNG units offer a flexible and efficient means to monetize natural gas resources, facilitating exports and generating revenue. Moreover, the domestic application of FLNG is expected to enhance energy security, support industrial development and contribute to the nation’s economic diversification efforts. Sandra Jeque, Events & Project Director at CEIF event organizer Energy Capital & Power, stated, “The Hallmark Celebration of FLNG will provide a platform for stakeholders to reflect on these achievements, share best practices and explore collaborative opportunities to further advance FLNG initiatives. Participants will gain valuable insights into the technical, regulatory and financial aspects of FLNG projects, equipping them with the knowledge to navigate this dynamic sector.”
oil-gas
Feb 14, 2025
EnergyCapitalPower
Aec Supports Libya’S Drive For 2M Bpd, Promotes Broader African Collaboration
The African Energy Chamber has called for greater investment in Libya as the country seeks to boost production to two million barrels per day (bpd). Speaking with Energy Capital & Power at the Libya Energy & Economic Summit (LEES), Executive Chairman NJ Ayuk said that the country’s commitment to collaboration, drive for heightened exploration and forward-looking approach to industry development has already begun to boost investor confidence. “Since creating a stable government, Libya has focused on being resilient, bringing fields back to where they need to be but also driving projects forward. There was a time when Libyan production was 400,000 bpd but we now see output at around 1.5 million bpd. They are currently on a path towards 2 million bpd over the next 18 to 20 months,” Ayuk stated. Calling for a ‘drill baby drill’ mindset, Ayuk said that Libya’s approach to industry collaboration will support the country’s production goals. He explained that “The Prime Minister and Minister being here gives investors’ confidence, not only with words but deeds. They have spent time to meet every investor that comes to the country. The NOC also really engages with investors, reassuring them and addressing operational risks. You see a strong commitment from the government while giving citizens the chance to partner with international investors.” Platforms such as LEES further support industry targets, uniting players from the global and Libyan oil and gas sectors while fostering engagement and partnerships. The event not only provides an opportunity for companies to share operational updates but outline future growth strategies. “What companies like Energy Capital & Power have done is give government and the NOC a chance to listen to investors and take in their feedback, enabling them to get right back to work and put in policies that can drive projects. This conference has been an amazing opportunity for Libya and for investors to see a new Libya,” Ayuk said.
oil-gas
Feb 14, 2025
EnergyCapitalPower
Utm Offshore Ceo To Discuss Project Viability Of African Lng At Iae 2025
As a leader in offshore energy, Julius Rone, CEO of UTM Offshore, is confirmed to speak at the upcoming Invest in African Energy (IAE) 2025 Forum in Paris. Rone will discuss UTM Offshore’s pivotal role in Nigeria’s energy sector, including the development of the country’s first floating LNG (FLNG) facility and its broader investments in Africa’s energy future. The company’s $5 billion UTM FLNG project continues to progress, with significant milestones achieved in design, construction and timeline for production. The 2.8 MTPA facility is poised to make a substantial contribution to Nigeria’s LNG capacity, strengthening the country’s position in the global energy market. In September 2024, UTM Offshore received the license from the Nigerian Federal Government to construct the project, bringing it one step closer to making a final investment decision, which is expected in 2025. IAE 2025 is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.invest-africa-energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com. The UTM FLNG facility serves as a prime example of the steps required to secure significant funding for large-scale gas projects, including diversifying funding sources, securing off-take agreements and gaining government support. According to Rone, UTM Offshore signed an MOU with the African Export-Import Bank in 2021 to raise up to $2 billion for the project. The bank has since received preliminary approval to invest $350 million, while UTM has secured contracts with JGC Corp and KBR Inc. for the facility’s design. Additionally, Vitol Group has entered into an LNG off-take agreement, and last year, UTM signed a deal with the Nigerian National Petroleum Company for it to acquire a 20% stake in the project. UTM Offshore’s participation at IAE 2025 underscores the company’s commitment to maximizing returns on investment in Africa’s energy sector, particularly through projects like UTM FLNG that connect the global investment community to Africa’s emerging energy opportunities. As Africa becomes an increasingly important player in the global energy landscape, UTM Offshore’s initiatives represent the continent’s growing capacity to provide sustainable energy solutions while fostering collaboration with international investors and stakeholders.
oil-gas
Feb 14, 2025
EnergyCapitalPower
Mozambique’S Inami Targets Fresh Investment In Solid Minerals
African Mining Week (AMW) spoke with Dino Miguel Milisse, General Director of the National Institute of Mines of Mozambique – the country’s solid minerals regulator – about the country’s mining potential. Milisse highlighted how Mozambique’s regulatory policies are designed to attract global investors. Commenting on the prospects, Milisse said Mozambique is a very rich country with almost all its coast holding heavy sands deposits and vast reserves of graphite, gemstone and rubies. “The most expensive and best ruby in the world is from Mozambique and we have implemented policies to ensure responsible mining while creating a conducive investment environment for global partners,” stated Milisse. He said the country’s mining sector is governed by Law No. 20 of 2011, which provides the legal framework for solid mineral exploration and production. To further encourage investment, Mozambique has introduced tax incentives and duty exemptions for mining companies importing equipment. “We have the environmental regulation for mining activities, which was approved by a decree, to safeguard our lands, minerals and products while fostering a sustainable mining industry,” stated Milisse. Mozambique also enforces laws on technical safety, occupational health and responsible mineral marketing, ensuring that mining companies prioritize corporate social responsibility and community development. According to Milisse, the country offers various mining licenses tailored to different stakeholders. These include a Mining Pass for local miners, a Joint Venture Mining Pass for partnerships between local and international companies and an Exploration License aimed at expanding geological knowledge and resource mapping. “The Mining Concession, the largest and most sought-after license, is typically granted to foreign firms, allowing them to commercialize and export minerals post-production,” reiterated Milisse. AMW serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energy 2025 conference from October 1 -3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.
oil-gas
Feb 14, 2025
EnergyCapitalPower
Hilong Secures $54M Contract For Congo Lng Phase 2
Chinese engineering firm Hilong Offshore Engineering has secured a contract with energy major Eni for the second phase of the Republic of Congo’s inaugural LNG development: Congo LNG. The contract – valued at $54.76 million – covers transportation and installation works for two wellhead platforms. Commencing in June 2025, the contract will last 6 months, with operations set to begin in November 2025. Situated at the Marine XII block near the operational Nenè and Litchendjili fields, the two wellhead platforms will extract gas for processing at the Nguya FLNG vessel. The vessel, currently under construction in China, will have a capacity of 2.4 million tons per annum (mtpa) and will join the Tango FLNG facility which has been operational since 2024. With the addition of the Nguya FLNG vessel, Congo LNG will increase its production capacity to 3 mtpa by the end of 2025, aligning with national goals to boost LNG exports and gas monetization.
oil-gas
Feb 14, 2025
EnergyCapitalPower
Financing O&G Projects In Congo: Increased Investment To Drive Output
As the Republic of Congo endeavors to boost its oil production to 500,000 barrels per day (bpd) by 2027 and expedite gas exploration and production, the Ministry of Hydrocarbons is simultaneously prioritizing the modernization of downstream infrastructure to address energy insecurity. With new regulatory measures, large-scale infrastructure projects and a strong push toward sustainability, the country has seen an influx of international investment, thereby strengthening Congo’s momentum toward ambitious reforms in the hydrocarbon sector. Towards Increased Production The Congolese subsidiary of China Oil Natural Gas Oversees Holding Ltd (Cogo) plans to invest $150 million to boost oil production over the next three years in the Conkouati-Koui and Nanga III fields in Congo. The company will drill four wells – two in each field – with the project set to expand to include 3D seismic surveys and further data analysis. On October 3, 2024, the new Director General of Cogo’s Congolese subsidiary Fublert Dzimbe presented the company’s activity roadmap to the Minister of Hydrocarbons Bruno Jean-Richard Itoua. Meanwhile, oil and gas supermajor TotalEnergies announced last year that it will invest $600 million to strengthen exploration and production activities in Congo. The investment will be used to finance exploration and maintain production in the country’s deep offshore Moho Nord field, which accounts for approximately half of all Congolese oil production – roughly 140,000 bpd. TotalEnergies’ commitment to Congo’s oil production is set to ensure additional production of 40,000 bpd, adding to the country’s current levels of 267,000 bpd. Set to finance a seven-year development program across the Mengo-Kundji-Bindi IIoilfields in Congo, oil and gas company Trident secured a $300 million financing facility from pan-African multilateral financing institution Afreximbank in 2023. The capital will enable the company to increase production – up to 30% of national crude output – while opening job creation opportunities. A Focus on Refining Currently, the Congolaise de raffinage, a subsidiary of the state-owned Société nationale des pétroles du Congo, operates the nation’s sole refinery in Pointe-Noire. With a processing capacity of one million tons per year, the refinery converts crude oil into finished products such as butane gas, gasoline, kerosene, light diesel and heavy fuel oil, meeting approximately 70% of the country’s refined energy needs. To address growing domestic demand and reduce the reliance on imports, the government has initiated the construction of a new refinery in Fouta – near Pointe Noire. Known at the Atlantic Petrochemical Refinery, the project is being developed in partnership with the Chinese firm Beijing Fortune Dingheng Investment, representing an investment of around $600 million. The first phase aims to achieve a production capacity of 2.5 million tons per year, focusing on high-quality gasoline and diesel. The refinery is expected to commence operations by the end of 2025, contributing significantly to national energy security. As sub-Saharan Africa’s fourth-largest oil producer, Congo presents significant investment opportunities for global investors. The country aims to attract fresh capital to its oil sector, with a licensing round set to be launched at the inaugural Congo Energy & Investment Forum (CEIF) 2025, taking place in Brazzaville from March 24-26. Meanwhile, the country is preparing to launch its Gas Master Plan alongside a new Gas Code at CEIF 2025, which are set to provide a strategic framework for investing in the country’s gas value chain.
oil-gas
Feb 14, 2025
EnergyCapitalPower
Congo, Kazakhstan To Develop Earth Observation Satellite
The Republic of Congo has signed an investment agreement with Kazakhstan to develop a high-resolution Earth observation satellite. With aims to strengthen technological capabilities and resource management, the partnership is expected to drive technological innovation and reinforce Congo’s digital sovereignty in the space sector. Once operational, the satellite will enhance forest monitoring, disaster management and urban infrastructure planning. Additionally, the observation satellite will integrate Congo into a growing network of Earth observation satellites alongside countries like Mongolia. This agreement follows a joint roadmap signed in August 2024 outlining strategic priorities for collaboration. It aligns with Congo’s goal of using space technology to address national security, natural resource management and environmental protection.
oil-gas
Feb 14, 2025
EnergyCapitalPower
Chevron Completes Pel 82 Farm-In Offshore Namibia
Independent exploration company Custos Energy has announced the completion of energy supermajor Chevron’s subsidiary Chevron Namibia Exploration II Limited’s farm-in to PEL 82. Chevron now holds an 80% working interest and operatorship of the license. Custos Energy and the National Petroleum Company of Namibia (Namcor) will retain a 10% interest each. Situated in the Walvis Basin, offshore Namibia, PEL 82 covers Blocks 2112B and 2212A. Serving as one Namibia’s most attractive exploration opportunities, approximately 70% of the basin is covered by existing 2D and 3D data, over 3,500km and 9,500km2, respectively. Previous drilling on the license includes the Murombe-1 and Wingat-1 wells. Chevron’s farm-in into PEL 82 adds to its existing offshore exploration portfolio in Namibia. The company currently operates PEL 90 where, together with its JV partners Trago Energy and Namcor, the major completed its first deepwater offshore well in January.
oil-gas
Feb 13, 2025
EnergyCapitalPower
Appo Prioritizes Financing Models, Trade Ties To Support O&G Projects
The African Petroleum Producers Organization (APPO) believes that to address energy poverty and bolster industrialization, hydrocarbon-rich countries across the continent should increase production while prioritizing regional trade and integration. Speaking with Energy Capital & Power at the Libya Energy & Economic Summit 2025, APPO Secretary General Dr. Omar Farouk Ibrahim outlined these measures while making a strong case for enhanced output across producing nations. According to Dr. Ibrahim, increasing production “is something that we encourage for our member countries, because the more we produce, the more influence we will have and the better our countries will be in terms of getting the necessary energy for their people and revenue to run their activities of government. So, it is important for all APPO member countries to increase their production so that we have a stronger voice in the global energy sector.” With overarching challenges such as access to finance, technology and regional markets impacting oil and gas developments in Africa, APPO is implementing a series of measures aimed at supporting African hydrocarbon projects. These include the creation of the Africa Energy Bank, an institution set to provide capital for oil, gas and energy projects across the continent.
oil-gas
Feb 13, 2025
EnergyCapitalPower
Service Companies At The Heart Of Congo’S Energy Transformation
The Republic of Congo’s Minister of Hydrocarbons Bruno Jean-Richard Itoua recently launched a registration campaign targeting subcontracting and service companies in the oil and gas sector. Released in January 2025, this initiative aims to enhance transparency and bolster local integration within the industry. Service companies are pivotal in driving transformative change by introducing innovative solutions to address Congo’s energy sector challenges. As the nation seeks to increase oil production to 500,000 bpd in the near future and expand access to reliable electricity, these companies are at the forefront of accelerating the country’s energy transformation. Boosting Hydrocarbon Production Through Innovation International service providers have played a crucial role in advancing Congo’s latest oil and gas developments, driving innovation in natural gas production and boosting crude oil output. By introducing cutting-edge technology and expertise, these companies are enhancing operational efficiency and optimizing resource extraction. In partnership with TotalEnergies, global technology company SLB is co-developing scalable digital solutions to enhance energy resource access. These solutions will focus on challenges such as carbon capture, utilization and sequestration. This collaboration integrates advanced digital capabilities – including artificial intelligence – with applications on SLB’s Delfi platform, aiming to improve performance and efficiency in Congo’s energy sector. On the gas front, Italian energy services firm Saipem has secured a contract from Italian major Eni Congo to transform its Scarabeo 5 semisubmersible drilling unit into a Floating Production Unit (FPU). This FPU will serve as a separation and boosting plant, processing production fluids from wellhead riser platforms by separating gas from liquids and enhancing gas flow to a nearby Floating LNG unit. The project is a component of Eni’s Congo LNG initiative – the nation’s inaugural natural gas liquefaction endeavor – which aims to achieve an LNG production capacity of 3 million tons per year by 2025. The FPU is slated for installation offshore, northwest of the Djeno Terminal with commissioning and startup anticipated in the fourth quarter of 2025. Bridging the Infrastructure Gap A significant challenge in Congo’s energy sector is the existing infrastructure gap, which hampers efficient energy distribution and access. Service companies are actively addressing this issue through various projects aimed at modernizing and expanding the energy infrastructure. A notable example is the contract awarded to Turkish power company Aksa Enerji to upgrade the Djeno gas-to-power plant. The project involves adding two 25 MW turbines and rehabilitating existing ones, effectively increasing the plant’s capacity to 100 MW. This upgrade is crucial for meeting the rising energy demands and enhancing grid reliability in the Congo. Additionally, public-private partnerships (PPPs) play a crucial role in accelerating the development of Congo’s energy infrastructure. The government’s commitment to such collaborations dates back to 2021 with the creation of a dedicated ministry for PPPs, aimed at attracting foreign investment beyond the hydrocarbons sector. In the electricity sector, the Congolese government has established a partnership with the Sino-Congolese consortium Energaz-CGGC for the construction of the Morala and Nyanga hydroelectric dams in the south of the country. The dams will have a total production capacity of 331 MW. The agreement also includes the rehabilitation of the 19 MW Liouesso hydroelectric dam, paving the way for the expansion of renewable energy development. As key service companies expand their presence in Congo, an upcoming licensing round and the unveiling of a Gas Master Plan are expected to drive the country’s ambitions to maximize its full energy potential. As such, the inaugural Congo Energy & Investment Forum (CEIF) 2025 will serve as a key platform to connect service companies with major energy projects in Congo. Taking place in Brazzaville from March 24-26, CEIF 2025 will drive investment, enhance infrastructure development and accelerate the country’s energy transition.
oil-gas
Feb 13, 2025
EnergyCapitalPower
Mali’S Bougouni Lithium Project Achieves First Spodumene Production
UK-based mining firm Kodal Minerals has achieved first production of spodumene concentrate at its Bougouni Lithium Project in southern Mali. The milestone follows the commissioning of the Stage 1 Dense Media Separation (DMS) processing plant, which has met its planned production profile, producing spodumene concentrate with a lithium oxide grade of 5.53%, according to the company. “We are confident that this progress will continue into the commercial production phase and our project team will continue to work towards our 10,000 tons per month target at Bougouni,” Bernard Aylward, CEO of Kodal Minerals. Going forward, Kodal Minerals will stress test the DMS processing plant to reach its full nameplate capacity ahead of its planned first lithium shipment to China by the end of March 2025. Mining operations at Bougouni will continue, with an ore stockpile of 350,000 tons ready for processing.
oil-gas
Feb 13, 2025