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The African Energy Chamber (AEC) is set to host the Invest in African Energies Reception on January 30, 2025, at the renowned Copacabana Palace in Rio de Janeiro. Running from 18:30 to 22:00, this exclusive networking event is part of a week-long working visit to Brazil, from January 28-31, focusing on energy investment opportunities between Brazil and Africa. The Reception will highlight sustainable energy initiatives, particularly the efforts of state-owned Petrobras and leading international oil companies (IOCs) to drive cross-continental collaboration in Africa’s energy sector. Petrobras, already active in South Africa, Namibia, and Angola, is advancing its plans to acquire a 40% stake in Namibia’s Mopane oil and gas exploration block. With extensive deepwater expertise developed in Brazil’s Campos and Santos Basins, Petrobras is well-equipped to contribute to Africa’s offshore energy developments, including projects in the Orange Basin. The event will also shine a spotlight on Brazil’s independent oil producers, such as PRIO, 3R Petroleum, Enauta, and PetroRecôncavo, which have been revitalizing mature oil fields and employing sustainable extraction technologies. These companies are leveraging Petrobras’ divestment program to boost their capabilities, offering valuable insights for Africa’s onshore and offshore energy projects. Their expertise aligns with the growing demand for energy solutions that promote both economic growth and sustainability on the African continent. Brazil’s energy landscape is also shaped by major IOCs like ExxonMobil, bp, Shell, and TotalEnergies, all of which have significant investments in Brazil’s pre-salt basins. TotalEnergies, in particular, is exploring collaborations with Petrobras on projects beyond Brazil, with a focus on Namibia, Angola, and Suriname. The company’s commitment to sustainability is underscored by its global strategy, including a $50-$60 per barrel benchmark for approving new oil projects. TotalEnergies’ collaboration with Petrobras on Brazil’s Mero project sets a positive precedent for future joint ventures in Africa, further promoting sustainable energy practices. The Rio de Janeiro Reception serves as a precursor to African Energy Week (AEW): Invest in African Energies 2025, which will be held in Cape Town from September 29 to October 3. AEW is the premier platform for advancing Africa’s energy sector, focusing on expanding the continent’s investor base and catalyzing sustainable growth through strategic partnerships. The event will also showcase sustainable energy initiatives aimed at reducing carbon emissions and transitioning to a greener energy future. Furthering Africa’s energy transformation, the Invest in African Energy Forum in Paris, set for May 13-14, 2025, will spotlight investment opportunities and sustainable energy solutions. These initiatives highlight the shared goal of Brazil and Africa to build a just transition to a low-carbon future, leveraging Brazil’s expertise in energy and sustainability. The ongoing collaboration between Brazilian authorities, companies like Petrobras, and African stakeholders is creating significant momentum in the development of new fields. Through partnerships, both regions aim to drive transformative change in the energy sector, promoting environmental sustainability while advancing mutual growth. NJ Ayuk, Executive Chairman of the AEC, emphasized the importance of the Rio de Janeiro Reception: “This event will provide a valuable platform to strengthen Brazil-Africa ties, fostering sustainable energy partnerships. It paves the way for high-level discussions and deal signings at AEW 2025 and the Invest in African Energy Forum, where Africa’s most compelling sustainable energy investment opportunities will be presented to global energy leaders.” As Brazil prepares for this year’s COP, it is capitalizing on its energy sector’s capabilities to promote sustainable development across Africa and beyond, fostering a greener and more sustainable future for all |
