Connect with us
Anglostratits

Business

Major Operators Double Down on Angolan Exploration & Production at Angola Oil & Gas (AOG) 2025

Published

on

Angola

Speaking in a panel discussion at Angola Oil & Gas 2025, leading operators affirmed their commitment to Angola’s oil and gas future

LUANDA, Angola, September 8, 2025/APO Group/ –Leading operators active in Angola reaffirmed their commitment to driving Angola’s next phase of exploration and production during an ENSA-sponsored panel discussion at the Angola Oil & Gas 2025 Conference and Exhibition last week. Representatives from ExxonMobil, TotalEnergies, Chevron, Sonangol and Cabship highlighted how the last 50 years of industry success has laid the foundation for Angola’s next phase of growth.

With a proven track record in delivering major offshore projects in Angola, ExxonMobil continues to invest heavily in exploration projects in the country. The company has made forays into frontier basins such as Namibe and is also reinvesting in producing assets with a view to maximize resources.

“ExxonMobil has produced more than 2.5 billion barrels and developed a capable workforce of over 200 people. After 30 plus years, we are still committed to many more years in Angola. ExxonMobil signed a license extension for Block 15 in 2025. These extensions enable further exploration. We also invested in Namibe last year, which is still an evaluation in progress,” stated Katrina Fisher, Country Manager, ExxonMobil Angola

With a rich history in Angola, TotalEnergies also reaffirmed its commitment investing in Angola’s oil future. The company enhanced its production capacity in Angola in 2025, with two major projects adding 60,000 bpd to the market. Looking ahead, the company will continue to bolster production, leveraging its history to deliver new projects.

Angola has not only progressed in developing and producing offshore projects but made the [global] oil and gas industry progress

“Angola has not only progressed in developing and producing offshore projects but made the [global] oil and gas industry progress. TotalEnergies has accompanied the country through this move with a pioneering spirit. I am sure that this will continue,” stated Martin Deffontaines, Country Manager, TotalEnergies E&P Angola.

Meanwhile, Sonangol continues to advance onshore and offshore developments, seeking to support national production goals while consolidating its position as an upstream driver.

Edson Pongolola, Director of Planning & Management Control, Sonangol, stated that “As a company, Sonangol – built by the government – has a mission to drive the goals of Angola. Sonangol has been growing and is exposing itself to various sectors across the country. Using Sonangol as a vehicle for the growth of other sectors in Angola, the government has been promoting economic development.”

For Chevron, a strategic focus for the company’s future investments in Angola is natural gas. The company has been at the forefront of Angola’s natural gas development strategy, with offshore projects providing vital feedstock for the country’s Angola LNG project.

According to Frank Cassulo, Managing Director, Southern Africa Strategic Business Unit, Chevron, “We continue to think of a future where gas can help us transition and grow the economy. Angola LNG is almost at maximum capacity and we continue to look at opportunities to deliver that gas reliably.”

Celebrating 16 years of operations in 2025, Cabship continues to strengthen Angola’s logistics sector with a view to support upstream and downstream projects. The company has expanded its infrastructure portfolio in recent years, secured contracts with major operators and is working to introduce an offshore diving and offshore support company in the Cabinda Special Economic Zone.

João Filipe, Chairman & CEO of Cabship, highlighted the company’s capacity as a strong local partner for operators. He said: “We manage oil and gas units in Malongo. From this base, we expanded in Soyo and we also came to Luanda where we do work for SONILS and Azule Energy. Last week, we signed a new contract with Angola LNG. We have been trying to give value to the logistics ecosystem. We want to build strong relationships.”

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

Home  Facebook

Events

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

Published

on

Debate

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.

Continue Reading

Business

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

Published

on

CLG

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.

 

Continue Reading

Business

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

Published

on

ITFC

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).

Continue Reading

Trending