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

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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.

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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