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Travel · Industrial
QUANZHOU, FUJIAN, CHINA, October 23, 2026 / EINPresswire.com / -- For procurement teams evaluating a China Luggage Manufacturer , DCP Bags provides a verified cross-border manufacturing network that connects a 13,000-square-meter facility in China with a 26,000-square-meter facility in Indonesia. Established in 2000 as DCP TRAVELLING PRODUCTS CO., LTD., the organization has spent more than two decades refining a prod
Oct 23 · 10:08·EIN Presswire
Finance · SaaS
South Sudan's resource renaissance could begin with seismic data rather than drilling rigs, as East Africa’s sole oil producer looks to bring its next barrels online. With 14 exploration blocks available to investors and limited seismic coverage across much of the country's frontier acreage, advances in subsurface imaging, geophysical surveying and digital interpretation offer an opportunity to accelerate exploration, reduce geological uncertainty and bring new petroleum prospects closer to development.
The upcoming South Sudan Oil & Power (SSOP) conference, scheduled for November 24-25 in Juba, places seismic acquisition at the forefront of the country’s exploration strategy. By connecting exploration opportunities with technical expertise and financing, SSOP 2026 aims to help move South Sudan's frontier acreage from geological potential to drill-ready prospects – and ultimately, new production.
From Limited Data to Drill-Ready Prospects
South Sudan currently produces oil from three consortia operating primarily across the Melut and Muglad basins, yet up to 70% of the country’s territory remains under-explored. The country’s strategic location and proven production history strengthen its investment appeal. Situated on major extensions of the Cretaceous rift basin system, the country offers significant potential for new discoveries across unmapped areas.
New 2D seismic acquisition could provide regional coverage across underexplored blocks, identifying basin structures, sedimentary sequences and prospective hydrocarbon traps. More targeted 3D surveys could subsequently help operators define individual prospects, refine well locations and assess geological risks before committing capital to drilling.
Reprocessing existing seismic datasets offers another route to advancing exploration without immediately undertaking extensive new acquisition campaigns. According to the Ministry of Petroleum, the country’s exploration blocks consist of legacy regional gravity and magnetic compilations rather than dense 2D or 3D seismic coverage. Modern processing techniques, including advanced migration, noise attenuation and velocity modelling, can improve subsurface imaging and potentially reveal geological features that were difficult to identify using older technologies.
Uncovering Unmapped Acreage
While little to no seismic acquisition has been conducted to date, recent updates show companies are moving in this direction. The Strategic Fuel Fund – which merged into the South African National Petroleum Company (SANPC) – launched a geophysical survey campaign alongside Nilepet for Block B2 in 2023. The project was presented at SSOP 2023.
By March 2024, SANPC had completed an initial aerial geophysical survey covering approximately 47,000 km², marking a major step toward improving geological understanding of the block. In October 2026, the SANPC issued a tender for integrated reconnaissance in Block B2, advancing preparations for a planned 2D seismic survey in the Jonglei Sub-Basin. The move represents a crucial step towards identifying new exploration plays and advancing South Sudan’s exploration strategy.
Anchoring South Sudan’s Exploration Renaissance
Expanded seismic coverage not only creates vital entry points for international geophysical and oilfield service companies, but could anchor South Sudan’s broader exploration and production drive. The Ministry of Petroleum currently reports national output of approximately 170,000 barrels per day (bpd), while the country is targeting 230,000 bpd in the near term and 450,000 bpd over the longer term. While production growth will also depend on infrastructure, recovery improvements and operational investment, new exploration remains essential to replenishing reserves and extending the industry's productive life.
SSOP 2026 Connects Technology with Investment
As South Sudan works to convert its resource potential into new production, SSOP 2026 will provide a platform for securing the partnerships, financing and technologies needed to advance exploration. For geophysical and technology companies, the conference offers direct access to prospective exploration partners and opportunities to support new data acquisition, reprocessing and subsurface evaluation programs. For operators and investors, it provides an opportunity to assess available acreage, engage with technical partners and develop commercially viable exploration strategies.
Distributed by APO Group on behalf of Energy Capital & Power.
Oct 23 · 10:00·APO Group
SaaS · Energy
International operators, oilfield service companies and strategic partners are invited to register as commercial partners for the Venezuela Energy Week (VEW) 2027 Deal Room, where companies can pursue joint ventures, service agreements, technology deployments, offtake arrangements and other commercial opportunities.
Taking place February 22–25 at the Simón Bolívar Convention Center in Caracas, the Deal Room will bring international companies into direct discussions with local operators, project developers, asset owners and regional leadership. As international companies re-engage with Venezuela's oil and gas industry, the platform aims to facilitate project-level discussions and establish commercial relationships spanning upstream development, infrastructure, technology and energy supply.
For international operators and investors, the Deal Room provides an opportunity to identify assets and local counterparties for joint development. Venezuela's push to increase oil production to 1.3 million barrels per day (bpd) in 2026 and 1.5 million bpd in 2027 is creating potential openings for companies with the technical expertise, operational capacity and financial resources to participate in field rehabilitation, enhanced oil recovery, drilling and production expansion. Partnerships with Venezuelan operators can provide a route to developing assets and sharing project responsibilities.
Recent agreements demonstrate how partnerships have already begun to take shape. In September, Chevron secured expanded development rights in the Orinoco Belt, underpinning plans by its Venezuelan joint ventures to invest more than $7 billion over five years. Eni also signed a 25-year contract with PDVSA to assume operatorship of the Junín 5 heavy-oil field, giving the company responsibility for its technical, financial and commercial development.
Oilfield service companies and technology providers can pursue commercial agreements supporting these activities. Demand spans drilling and workover equipment, artificial lift, engineering, digital production systems, reservoir technologies, power solutions and other services required to restore production and improve the performance of existing infrastructure.
Commercial partnerships are advancing this area. In September, Halliburton signed separate agreements with Eneva and WESCA covering development opportunities, field evaluation and technical planning, while SLB signed a framework agreement with PDVSA in June spanning field development, digital technologies and workforce training.
The commercial opportunity extends beyond upstream operations. Companies can explore technology and service partnerships supporting gas processing and transportation, refinery rehabilitation, power generation, grid infrastructure and energy logistics, creating multiple routes for international suppliers and specialist firms to establish a presence in the market and for Venezuelan companies seeking to strengthen their portfolios.
Recent agreements reflect growing momentum in these areas. In September, GE Vernova signed a strategic alliance with PDVSA to rehabilitate electrical infrastructure serving Venezuela's oil industry. More recently, Baker Hughes partnered with PDVSA, Venezuelan engineering company Lindsayca and Fulcrum LNG to pursue gas processing, transportation and commercialization projects.
Offtake and supply agreements offer another route for strategic participation. Companies can negotiate arrangements linked to specific oil, gas or refined-product assets, while international trading and downstream partners can explore supply relationships connected to Venezuela's expanding production and processing capacity. Trading companies Vitol and Trafigura have already secured agreements to purchase and market Venezuelan oil, while international refiners are increasingly pursuing direct supply relationships with PDVSA.
The Deal Room will also provide direct access to the institutions shaping project development and commercial activity, including the Ministry of Hydrocarbons, PDVSA and its operating leadership. These relationships can help companies identify counterparties, clarify project requirements and develop commercial frameworks around specific opportunities.
As international activity accelerates across Venezuela's energy sector, the Deal Room offers companies a focused setting to identify partners and convert market interest into concrete commercial relationships.
International operators, service companies and strategic partners can register to engage as commercial partners at the Venezuela Energy Week 2027 Deal Room. To engage as a commercial partner email info@venezuelaenergyweek.com or visit https://apo-opa.co/4z16kLV for more information.
Distributed by APO Group on behalf of Energy Capital & Power.
Oct 23 · 09:36·APO Group
Energy · Oil & gas
The Global Drillships Market is gaining momentum as offshore oil and gas exploration expands into deeper waters and technically challenging environments. Drillships are specialized offshore drilling vessels designed to operate in deepwater and ultra-deepwater locations. Equipped with advanced drilling systems, ...
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Oct 23 · 09:14·PR News Releaser
Energy · Cybersecurity
The Oil And Gas Cybersecurity Market size is expected to reach US$ 81.30 Billion by 2033 from US$ 34.42 Billion in 2025. The market is estimated to record a CAGR of 11.34% from 2026 to 2033. Market growth is best ...
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Oct 23 · 09:13·PR News Releaser
Logistics · Oil & gas
The company's reported purchases of more than 300,000 metric tons highlight its commercial capacity, international market reach, and focus on supply-chain reliability. MIAMI, Oct. 23, 2026 -- Occidental Resources Group LLC reported purchasing more than 300,000 metric tons of...
Oct 23 · 09:00·PR Newswire
Energy · Government & policy
Júlio Mamadu Baldé, Guinea-Bissau’s Minister of Natural Resources, will attend MSGBC Oil, Gas & Power 2026 in Dakar at the invitation of Senegal’s Minister of Energy and Petroleum, Dr. El Hadji Abdourahmane Diouf. National oil company Petroguin will accompany him with a delegation of its own, giving the conference a strong Bissau-Guinean presence during the most active period for the country’s offshore in nearly two decades.
Chevron’s entry in November 2025 brought a supermajor into Guinea-Bissau’s deepwater for the first time. The company operates Blocks 5B and 6B with a 90% interest in each, while Petroguin holds the remaining 10%. In April 2026, Petroguin formed a joint venture with Tender Oil & Gas covering Blocks 5C and 6C, with plans for new seismic surveys aimed at advancing the acreage toward exploration drilling.
Apus Energy’s Atum-1X well, spudded on the Sinapa license in September 2024 in roughly 890 meters of water, was Guinea-Bissau’s first deepwater exploration well. The project re-opened the country’s offshore acreage and reignited global interest in Guinea-Bissau’s potential as a producer in the MSGBC region. In the two years since, Petroguin has expanded the data available to explorers. On October 15, at African Energy Week in Cape Town, the company signed an agreement with Norwegian geoscience firm TGS to reprocess more than 11,000 km² of 3D seismic data, with final products expected in the fourth quarter of 2027.
Baldé took office in April 2026 after nearly two decades as Secretary General of the Agence de Gestion et de Coopération (AGC), which oversees the maritime zone jointly administered by Senegal and Guinea-Bissau. “As a longstanding participant in this important event, it will be a great pleasure for us to attend once again,” said Minister Baldé.
In Dakar, Minister Baldé and the Petroguin delegation will join Senegal’s government leadership and the international companies now evaluating acreage across the basin. The conference will also host its inaugural Data Room, offering investors direct access to regional acreage, subsurface data and partnership opportunities, as MSGBC Oil, Gas & Power 2026 positions Guinea-Bissau’s frontier blocks for global investment.
Organized by Energy Capital & Power (ECP), MSGBC Oil, Gas & Power 2026 takes place December 1–3 at the Centre International de Conférences Abdou Diouf in Dakar, under the High Patronage of President Bassirou Diomaye Faye and in partnership with Senegal’s Ministry of Energy and Petroleum. For more information and registration, visit www.MSGBCOilGasandPower.com.
Distributed by APO Group on behalf of Energy Capital & Power.
Oct 23 · 08:59·APO Group
Finance · Energy
Côte d’Ivoire's Poro Power solar project has received international recognition for a pioneering investment structure led by Africa Finance Corporation (AFC) (www.AfricaFC.org/), demonstrating how African capital can be mobilised to develop essential infrastructure and accelerate the transition to cleaner energy. The facility is expected to become Côte d’Ivoire's largest solar plant when operational in 2027.
The project won ESG Green Bond Deal of the Year for Africa at the recent Infra Global ESG Awards 2026 in London, while AFC received ESG Green Bond Arranger of the Year for Africa. The double honours recognise the innovation behind the Poro Power transaction and AFC's role in structuring and mobilising investment for sustainable infrastructure.
Developed by Ivorian entrepreneurs, the 66-megawatt solar plant is under construction in northern Côte d’Ivoire near the city of Korhogo. It is projected to generate approximately 136 gigawatt-hours (GWh) of electricity annually, meeting the needs of more than 100,000 households and benefiting an estimated half a million people.
Beyond providing homes, public services and businesses with reliable power, the project will help Côte d’Ivoire towards meeting its target of increasing renewable energy's share of electricity generation to 45% by 2030. The Government of Côte d’Ivoire is enabling projects such as Poro Power through its initiative to encourage local private-sector participation in large-scale renewable energy projects, led by the Ministry of Mines, Petroleum and Energy under Minister Mamadou Sangafowa-Coulibaly.
“These awards are a tremendous recognition for an Ivorian project developed to meet the needs of our own communities,” said Jean-Marc Aie, Chairman and CEO of Poro Power 1 S.A. “Our ambition is not simply to generate clean electricity, but to support businesses, create opportunities and contribute to the development of Côte d’Ivoire. The Ministry's strategy to empower local private developers to undertake large-scale renewable energy projects, together with AFC's investment and innovative financing structure, has been instrumental in bringing Poro Power to this stage.”
The €65 million financing package, equivalent to approximately FCFA 42.6 billion, was raised through a green bond — an investment instrument that enables institutions to lend money to projects delivering environmental benefits. It was the first project-finance green bond in both Côte d’Ivoire and the West African Economic and Monetary Union (WAEMU), establishing a precedent for French-speaking West Africa, and was led, structured and fully funded by African institutions. The transaction allowed investors to participate in both euros and CFA francs, making it also Côte d’Ivoire's first dual-currency green bond. Together, these features demonstrate how African financial institutions can mobilise their own capital for major infrastructure projects, using financing structures suited to African markets.
AFC invested €43 million (approximately FCFA 28.2 billion) in February 2026 and acted as anchor investor, lead underwriter and co-arranger. The equivalent of a further €22 million was raised from African investors, including local and regional banks, pension funds, insurance companies and high-net worth investors.
The bond has a 15-year term, a fixed interest rate of 8.75%, and quarterly repayments following a two-year construction grace period. The financing combines the flexibility of a bond with safeguards normally used in project finance, including first-ranking security, dedicated revenue accounts and contractual protections that separate the project's cash flows from other activities. These measures help protect investors and align repayments with the plant's expected revenues.
By bringing together AFC's investment alongside capital from other African institutions through a structure that accommodates both local and international currencies, the transaction offers a potential model for financing further renewable energy and infrastructure projects across the region. Its significance extends beyond Poro Power, providing a practical example of African money financing African projects and a structure that could be replicated across the continent.
“Poro Power demonstrates that African financial institutions have both the capital and the expertise to finance large-scale renewable energy infrastructure through our own markets,” said Sameh Shenouda, Executive Board Member and Chief Investment Officer of AFC. “By combining the protections required for long-term project finance with the flexibility of capital markets, we have created a structure that can attract a broader range of African investors. This is an important model for mobilising the investment needed to expand reliable electricity supply, support industry and accelerate the energy transition across the region.”
Once operational, the plant is projected to avoid approximately 72,000 tonnes of carbon dioxide emissions annually — equivalent to taking around 15,600 petrol-powered cars off the road for a year.
The project includes a commitment to allocate €0.01 for every megawatt-hour of electricity generated towards to initiatives intended to benefit local communities.
Distributed by APO Group on behalf of Africa Finance Corporation (AFC).
Media Enquiries:
yewande.thorpe@africafc.org
About AFC:
Nineteen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of energy, natural resources, heavy industry, transport, and telecommunications. AFC has 48 member countries and has invested over US$19 billion in 36 African countries since its inception.
www.AfricaFC.org
Oct 23 · 08:00·APO Group
Finance · SaaS
Friday 23 October, 2026
Malta, 22 October 2026
Alkagesta, the international energy and commodity trading house headquartered in Malta, has agreed to acquire Energy Petrol, a Turkish marine fuel distribution company. The deal, covered by Bloomberg, marks the company’s first move into vessel ownership and expands its presence across the Mediterranean marine fuel supply market. The transaction has been approved by Turkey’s antitrust watchdog. Financial terms were not disclosed.
The acquisition includes Energy Petrol’s fleet of eight marine fuel vessels, bringing total global oil products storage capacity across the Alkagesta platform to approximately 728,000 cubic metres. Energy Petrol will continue to operate independently following the transaction.
The deal expands the company’s model from trading marine fuel to distributing it directly to end-users. Asad Huseynov, Managing Director of Investments and Asset Management at Alkagesta, noted the acquisition lays the ground for potential future investments or structured partnerships in other infrastructure-style assets.
Alkagesta currently supplies approximately 40% of Turkey’s 2.5 million tonne per year marine fuel market and approximately 75% of Malta’s, with plans to expand marine fuel supply operations in Singapore — where the hub reached approximately 250,000 metric tonnes per month in its first full year. The acquisition builds on a record first half of 2026, during which Alkagesta secured access to the NATO Central Europe Pipeline System for Jet A1 deliveries and completed its first crude oil transactions.
Oct 23 · 07:19·Pressat
Automotive · Logistics
Company outlines exploratory northern New York lithium interest alongside international logistics, U.S. refinery outreach and EV charging innovation WEST PALM BEACH, FL / October 22, 2026 / ELEKTROS Inc. (OTC PINK:ELEK) (the "Company") today spotlighted its work to evaluate opportunities across the critical-minerals and electric-mobility landscape, as shareholders marked a significant day for ELEK s
Oct 23 · 03:57·ACCESS Newswire
Automotive · Logistics
Company highlights exploratory northern New York lithium interest alongside international logistics, U.S. refinery outreach and EV charging innovation
Oct 22 · 23:40·Newswire.com