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Azule Energy Joins African Energy Week (AEW): Invest in African Energy 2024 Amid Bold Upstream Plans

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Azule Energy

Angola’s largest independent equity oil and gas producer is optimizing and digitizing its upstream operations, securing a broad vision for the future of Angolan energy production

CAPE TOWN, South Africa, May 6, 2024/APO Group/ — 

Aiming to increase production above 1.1 million barrels of oil per day (bopd) – while diversifying into gas monetization and value-added activities – Angola is spearheading the revitalization of its upstream landscape as a mature petroleum producer. International energy company Azule Energy has signed onto African Energy Week: Invest in African Energy 2024 as a Silver Sponsor, affirming its commitment to harnessing Africa’s energy resources and scaling oil and gas production to achieve long-term energy security.

Azule Energy – a joint venture between Eni and bp – represents Angola’s largest independent equity producer of oil and gas and a key player in achieving Angola’s production ambitions. The company holds 2 billion barrels equivalent of net resources and 20 licenses – of which 11 are operated – and is seeking to increase operated output to 250,000 bopd through the Agogo Integrated Wet Hub and PAJ Complex Upstream projects in Blocks 15/06 and 31, respectively. Block 15/06 is expected to become an integrated service hub for local industries, generating $5.6 billion and 1,400 jobs by 2044 as Azule Energy maximizes reserves and optimizes production from the Agogo and Ndungu fields.

AEW: Invest in African Energy 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.

Azule Energy is answering Angola’s call for upstream investment, from establishing new offshore production hubs to maximizing operational efficiencies

Returning to AEW: Invest in African Energy as a Silver Sponsor, Azule Energy is expected to discuss Angola’s pathway to increasing oil output, as well as the country’s future role as a major LNG exporter. As operator of the New Gas Consortium (NGC) – the first non-associated gas project in Angola – Azule Energy is leading development of the shallow-water Quiluma and Maboqueiro fields to produce 4 billion cubic meters of gas per year via two offshore platforms, an onshore gas processing plant and a connection to the existing Angola LNG plant. The foundation stone was laid for the NGC’s operations facilities in Soyo last October and an estimated $1 billion of the project costs will be allocated to the procurement of local goods, services and materials.

The company maintains a broad, diversified energy portfolio that focuses on maximizing operational efficiencies and deploying emissions-lowering technologies. Affirming its commitment to innovation in the sector, Azule Energy is piloting an offshore carbon capture and storage (CCS) plant on the Agogo FPSO, set to be the world’s first post-combustion carbon capture unit installed on an FPSO. With a view to advancing Angola’s energy transition, Azule Energy also launched Angola’s first solar photovoltaic (PV) plant – the 25 MW Caraculo solar farm – in partnership with national oil company Sonangol and is actively contributing to Angola’s goal of reaching 500 MW of renewable energy by 2025.

“Azule Energy is answering Angola’s call for upstream investment, from establishing new offshore production hubs to maximizing operational efficiencies to deploying first-of-its-kind CCS technologies. These achievements demonstrate that IOCs can and should continue to develop Africa’s hydrocarbon resources to meet growing energy demand, while still prioritizing sustainability and innovation in the sector,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.  

During AEW: Invest in African Energy, Azule Energy is expected to expand discussions around Angola’s upstream agenda while providing insight into the company’s long-term investment strategy. Through participation in various panel discussions, the company will discuss how balancing oil and gas production with low-carbon technology can bolster both energy security and a transition to a sustainable future. The company’s return to the conference showcases a strong commitment by Angola’s operators to drive investment in African oil and gas production.

Distributed by APO Group on behalf of African Energy Chamber.

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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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Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

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Etu Energias

As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

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

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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Energy

The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

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

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