Gabon Oil Company CEO Marcelling Simba Ngabi is set to spotlight Gabon’s ambitious upstream growth and energy diversification strategy at AEW 2025 following major acquisitions and gas initiatives
LUANDA, Angola, June 20, 2025/APO Group/ --
Marcellin Simba Ngabi, CEO of Gabonese parastatal Gabon Oil Company (GOC), is set to speak at Africa’s premier energy event, African Energy Week (AEW): Invest in African Energies 2025, which takes place in Cape Town from September 29 to October 3. Ngabi’s presence at AEW: Invest in African Energies 2025 signals a bold new era for state-led energy development as GOC transitions from a partner in operations to a primary driver of upstream growth and regional integration.
Marcellin Simba Ngabi, CEO of Gabonese parastatal Gabon Oil Company (GOC)
Ngabi’s participation comes shortly after the GOC’s landmark $300 million acquisition of oil and gas company Tullow Oil’s entire Gabonese portfolio, a transaction that includes 10,000 barrels per day (bpd) in production and 36 million barrels of proven reserves. The acquisition underscores GOC’s strategic push to ramp up national oil production and attract new investment into Gabon’s energy sector. During AEW: Invest in African Energies 2025, Ngabi is expected to share insight into the company’s portfolio expansion, detailing how this recent acquisition supports the country’s broader production goals.
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 www.AECWeek.com for more information about this exciting event.
With over two billion barrels of proven oil reserves and significant gas potential, Gabon is reasserting its position as one of Africa’s most promising energy frontiers. As the country seeks to boost production to 220,000 bpd, GOC is spearheading efforts to optimize mature fields, unlock value from marginal assets and fast-track project development. Recent developments include the GOC’s oilfield development partner BW Energy’s fast-tracked production start at the Hibiscus South satellite prospect, situated in the Dussafu license, which added 5,000-6,000 bpd within five months of discovery. Meanwhile, in 2024, GOC completed the acquisition of the private equity company Carlyle Group-owned Assala Energy – adding seven onshore licenses, a pipeline network and the Gamba export terminal to its portfolio. These milestones highlight GOC’s commitment to rapid asset turnaround and production growth.
Beyond oil, GOC is advancing Gabon’s Gas Master Plan to monetize the country’s three to five trillion cubic feet of natural gas reserves. Strategic initiatives include independent oil and gas company Perenco’s $1 billion Cap Lopez LNG terminal – set to come online in 2026 – and the Batanga LPG plant, which became operational in December 2023. These efforts form part of a broader national drive to reduce flaring, strengthen downstream industries and diversify the country’s energy mix.
At AEW: Invest in African Energies 2025, Ngabi is expected to showcase Gabon’s revitalized upstream agenda, highlight new investment opportunities across the oil and gas value chain and outline the national oil company’s vision for leveraging international partnerships to drive sustainable growth. His participation is also set to highlight how national oil companies are transforming Africa’s energy narrative through bold acquisitions, technology adoption and regional cooperation.
“Gabon’s recent acquisitions and project milestones position the country as a rising force in Africa’s upstream resurgence. Ngabi’s participation at AEW: Invest in African Energies 2025 reinforces the central role national oil companies are playing in unlocking Africa’s energy future, and we look forward to his insights on Gabon’s strategic roadmap,” stated Tomás Gerbasio, VP of Commercial and Strategic Engagement, African Energy Chamber.
Distributed by APO Group on behalf of African Energy Chamber.
The coalition government of Kenya is not working, both parties are too corrupt to lead, the government should be dissolved and new election held soon for the better of it's citizen.
what this report doesn't tell you is that the maize scandal was executed from the prime ministers office.A PricewaterhouseCoopers report indicated that the Prime ministers chief of staff and personal assistant were directly involved in the scandal that cost 6 billion Kenya shillings.The president had earlier suspended the two and calls for the prime minister to take political responsibility were growing.The prime minister instead targetted the Agriculture Minister one of his former allies in the disputed 2007 election but recently turned foe asking him to take political responsibility for the scandal.The Agriculture minister instead sighted the PWC report with Kibaki revoking the suspension.Many in Kenya view the current crisis as an attempt by Raila odinga to create political drama to hide his involvement in grand corruption
Timeline of Events
A.d 2010 february 9th:
Odinga lecturers professor ongeri (minister of education-PNU)and professor karega mutahi,(permanent secretary education) telling them that investigations start by suspecting everyone (in other words, guilty before innocent). He tells them to step aside to allow investigations and says that were it his own brother, he would do the same.
A.d 2010 february 10th:
PNU elements in Kenyan intelligence leaks a report that implicates railas p.a and p.s were involved in stealing from the kenya public kshs 6billion through inflated maize prices. The report from the pwc specifically mentions railas p.a caroli omondi
A.d 2010: february 11th
Odinga says he has not studied the pwc report and that he needs time to study it. The truth of the matter is, the report arrived at his desk in december 2009 and he knew all about the corrupt deals taking place in his office from as far back as 2008.
A.d 2010: february 11th
Another report from the parliamentary committee on agriculture chaired by john mututho says that raila chaired the adhoc committee that gave a go-ahead to afrigil pty to steal maize from kenyans. Afrigil was not among the 123 companies that submitted a tender neither was it among the 5 shortlisted ones.
A.d 2010 february 12th
Odinga says that “we should not sacrifice the innocent“ and we should wait for investigations to go the full course. In other words innocent till proven guilty. However, when it is apparent that he is directly involved in the maize scam, he tells his p.a caroli and p.s to step aside.
A.d 2010 february 14th
In a bid to keep the scrutiny of his nefarious theiveing ways from the public, he “consults with kibaki”- just that the kenyan public have never known that james orengo and otieno kajwang were also called kibaki. James orengo kibaki and so on.. After consulting “kibaki” he ostensibly is guided to suspend ongeri and ruto. When asked by the media whether he consulted kibaki, he says yes.
A.d 2010 february 14th
The other kibaki ie mwai kibaki, reverses the decision of suspending Ongeri and ruto because odinga has no powers to do so. However it is quite clear that odinga was involved in maize theft. He told others to resign, yet he couldnt take his own medicine as the biggest culprit. 2 reports from pwc and psc mention him directly as the beneficiary of inflated maize prices. In an interview with bbc, he says that he doesnt need to consult kibaki. But wait,..i thought he said he consulted kibaki? well….he did, but not the kibaki you thought. He meant that he consulted james orengo kibaki..
A.d 2010 February 15th
Odm declares a national accord crisis and call for Kofi Annan to return.Creating a new scandal Aimed at covering up the Maize scandal and the Prime Ministers involvement …..
A.d 2010 February 16th
ODM Writes to the CoE disowning the parliamentary select committee draft constitution(further creating new drama)
.. Anyway, long story. Raila Odinga was the architect of the Maize Scandal everything else is just high political drama to hide that fact