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5th Angola Oil & Gas Opens in Luanda with Calls to Increase Hydrocarbon Production

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Luanda

Opened by João Lourenço, President of Angola, the event serves to Drive Exploration and Development Towards Increased Production

LUANDA, Angola, October 3, 2024/APO Group/ — 

The fifth edition of the Angola Oil & Gas (AOG) conference and exhibition was officially opened with rallying calls by industry leaders and major operators to increase investment and bolster hydrocarbon production. With a target to maintain crude output above one million barrels per day (bpd) beyond 2027, the country is calling on investors to seize opportunities created by recent regulatory reforms to drive projects forward.

The event was opened by Angolan President João Lourenço, who called on the industry to invest more across the oil and gas value chain. Citing strengthened policies, transformed national entities and significant untapped potential, President Lourenço emphasized the need to accelerate the sustainable development of oil and gas in Angola.   

“Angola aspires to be a competitive hydrocarbon producer, contributing to global energy security. The government has been working tirelessly to establish a regulatory environment that is competitive, with fiscal regimes and policies applicable to the market. We have transformed the market in a way that allows each entity to prioritize oversight and regulation. The liberation of the sector has opened the space for more operators. The government calls on investors to look at these business opportunities,” he said.

Echoing these remarks, Diamantino Azevedo, Minister of Mineral Resources, Petroleum and Gas of Angola, shared insight into the measures the country is implementing to address production declines. According to the minister, with energy security representing a major priority – both globally and in Angola – the need to invest more heavily in oil and gas production has become even more critical.

The Angolan government has been promoting reforms to improve the legal instruments to create more competitive conditions for investment

“I would like to reiterate: drill baby drill. The Angolan government has been promoting reforms to improve the legal instruments to create more competitive conditions for investment. In this instance, the traditional companies in our market have been expanding their interests in exploration and the development of oilfields. Our greatest challenge is the decline of oil production and we would like to reiterate our commitment to our partners in the industry as well as our international and regional counterparts,” stated Minister Azevedo.

Some of Angola’s biggest operators are already responding to the call to boost production. French energy major TotalEnergies, for example, has plans to increase production across its FPSOs in Angola. With six in operation and a seventh planned as part of the Kaminho deepwater development – which achieved $6 billion FID in 2024 – the company is committed to sustainable oil and gas development.

“We want to produce more energy with less emissions. Our focus is on increasing oil and gas production while pursuing renewable energy. We are involved in major greenfield projects – such as Begonia which will start next year and the Kaminho development. We have also started a $1 billion program to increase efficiency across our FPSOs. For investors, it is important to operate in a clear, transparent and attractive environment. This is clear in Angola,” Mike Sangster, SVP Africa at TotalEnergies, said.

Azule Energy – a joint venture between Eni and bp – also aims to increase production to 250,000 bpd in the short-term. With stakes in various oil assets, the New Gas Consortium and low-carbon projects, the company leverages the expertise of Eni and bp to drive projects forwards.

According to Gordon Birrell, EVP Production & Operations at bp, “we appreciate the welcoming attitude towards international investment in Angola. This has enabled bp and Eni to come together and realize the vision we had for Azule Energy. We believe that we are capable to unleash the full potential of Angola’s resources.”

Adding to this, Guido Brusco, COO Natural Resources at Eni, said that “Our commitment is to keep investing in Angola. Together, we are starting the journey towards a just energy transition. We are promoting sustainability, accessibility and economic growth.”

As such, Angola’s dedication to regulatory reform, international engagement and forward-looking solutions to both energy security and the energy transition is expected to unlock a wave of economic opportunity for the country. According to NJ Ayuk, Executive Chairman at the African Energy Chamber, “More work needs to be done. Reforms must continue. We must encourage natural gas and downstream projects. We must look at developing petrochemicals. We must listen to the young people and understand that our job is not to be change-makers for today but for the future.”

Distributed by APO Group on behalf of Energy Capital & Power.

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

Distributed by APO Group on behalf of Energy Capital & Power.

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

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