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Petrobras President Joins Angola Oil & Gas (AOG) 2026, Strengthening South Atlantic Partnerships

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Energy Capital

Petrobras’ experiences in Brazil could support Angola’s deepwater drive as the nation looks to sustain production and unlock new frontiers

LUANDA, Angola, April 20, 2026/APO Group/ –Petrobras President Magda Chambriard has been confirmed as a speaker at the upcoming Angola Oil & Gas (AOG) Conference and Exhibition – taking place September 9-10 with a pre-conference day on September 8. Building on a series of deals signed between Angola and Brazil in recent months, Chambriard’s participation cements the re-entry of a major deepwater operator into Angola and the strengthening of South Atlantic upstream partnerships.

 

Chambriard’s participation comes at a time when Petrobras is renewing its engagement with Angola. In 2025, the company signed two deals, marking its return to the market and commitment to assessing exploration opportunities. A May 2025 deal with Angola’s national oil company (NOC) Sonangol signaled the start of research and development activities between the companies, outlining bilateral cooperation in the fields of oil, gas and associated sectors. This followed an agreement signed between Petrobras and Angola’s upstream regulator the National Oil, Gas & Biofuels Agency in March 2025 for the joint study of offshore acreage in Angola.

These agreements collectively signal more than just Petrobras’ return to Angola: they reflect a broader geopolitical and industry shift toward South–South cooperation in energy development. In March 2026, Brazil’s Ministry of Mines and Energy signed an MoU with Angola’s Ministry of Energy and Water, formalizing a joint agenda focused on the exchange of experiences, institutional development and the strengthening of public policies between the nations. The agreement aims to advance cooperation in energy planning, power generation and transmission as well as capacity building, supporting Angolan electrification. While the deal reflects opportunities for collaboration in energy, it is the oil and gas sector that Angola-Brazil cooperation truly stands out.

Given their geological similarities, Angola and Brazil are well positioned to leverage cross-Atlantic cooperation to strengthen their respective oil and gas markets. For its part, Brazil represents one of the world’s most prolific deepwater markets, with projects such as the Lula oilfield in the Santos Basin established as the world’s largest ultra-deepwater fields. By 2030, over 600 wells are expected to be drilled at Lula, with Brazil’s national production forecasted to reach 4.9 million bpd by 2032.

Angola features similar geological potential, with the same salt tectonics and conjugate-margin petroleum systems witnessed on the African side of the Atlantic. Strong geology and competitive fiscals have strengthened Angola’s attractiveness as a deepwater player, with ongoing exploration and production programs cementing the country’s status as a leading deepwater producer. TotalEnergies and ExxonMobil recently signed a Principles Agreement for the allocation of four blocks in the Benguela and Namibe basins, bringing renewed momentum to deepwater exploration efforts. Azule Energy plans to drill the Kiando prospect at Block 47 in 2026, while Shell recently farmed into ultra-deepwater Blocks 49 and 50.

For Petrobras, leveraging experiences gained in Brazil could support Angola’s deepwater drive. As the company strengthens its position in the Angolan market, Chambriard’s presence at AOG 2026 underscores the growing importance of Brazil–Angola cooperation in shaping the future of deepwater oil and gas development in the South Atlantic.

AOG 2026 provides a strategic platform for these discussions, bringing together NOCs, international operators, investors and policymakers to shape the next phase of Angola’s oil and gas development. Petrobras’ renewed engagement in Angola, combined with strengthening government-to-government cooperation between Brazil and Angola, signals growing momentum around joint development, knowledge sharing and cross-Atlantic investment.

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

Energy

Venezuela Energy Week to Host Houston Industry Showcase, Unlocking United States (U.S.) Commercial Engagement Ahead of October Summit

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African Energy Chamber

Ahead of Venezuela Energy Week 2026, U.S. exploration companies, independent operators, oilfield service providers and investors are invited to explore commercial opportunities across Venezuela’s upstream sector at the Houston Industry Showcase next month

HOUSTON, United States of America, July 23, 2026/APO Group/ –Venezuela Energy Week will host an Industry Showcase in Houston on August 18, 2026: a targeted industry roadshow designed to engage U.S. energy stakeholders ahead of the October summit. Held at The Post Oak Hotel, the showcase will convene senior representatives from across the U.S. upstream ecosystem – including exploration and production companies, Texas-based independents, oilfield service companies, engineering and technology firms, commercial banks, private equity firms and family offices – to assess commercial pathways for participation in Venezuela’s energy sector.

 

As Venezuela looks to expand production, U.S. companies remain well positioned to contribute technical expertise, capital and operational capabilities across the upstream value chain. Chevron’s longstanding presence in the country highlights the continued importance of U.S. industry participation, while the scale of Venezuela’s resource base continues to attract interest from major international energy companies, including ExxonMobil and ConocoPhillips. Opportunities extend across exploration, field development, production optimization, infrastructure rehabilitation and digital modernization as Venezuela seeks to strengthen its energy sector.

 

Demand is also expected to grow for oilfield service companies, engineering firms, technology providers and financial institutions that can support upstream investment and project execution. Companies including SLB, Halliburton and Baker Hughes have been identified as potential partners in advancing production optimization and infrastructure rehabilitation, while commercial banks, private equity firms and family offices will play an important role in financing future investment opportunities.

 

Against this backdrop, the Houston Industry Showcase will provide a structured engagement platform at a time when select international operators continue to operate under U.S. Treasury-authorized frameworks, and where policy considerations in the U.S. continue to shape engagement parameters in Venezuela’s energy sector.

 

The event will enable U.S. exploration companies, independent operators, oilfield service providers and investors to assess technical and commercial pathways across exploration, field services, project delivery and broader supply chain opportunities, while supporting early-stage dialogue between international investors and Venezuela-focused stakeholders in a structured commercial environment ahead of the October summit.

 

To register for the Houston Industry Showcase on August 18, visit www.venezuelaenergyweek.com/rsvp-houston. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2026 in Caracas this October, 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/4fM0rLr).

 

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

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Business

Africa Trade Gateway Delivers US$5.3-Million Cross-Border Transaction in First Energy Sector Trade in Southern Africa

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Afreximbank

The transaction represents an important milestone for both the participating institu-tions and the ATG ecosystem as it marked Innbucks Microbank’s first completed transaction through the platform and the ATG’s first recorded energy-sector transac-tion in Southern Africa

HARARE, Zimbabwe, July 23, 2026/APO Group/ –A US$5.3-million cross-border fuel (gasoil) trade transaction has been successfully completed with support of the Africa Trade Gateway (ATG), African Export-Import Bank’s (Afreximbank’s) (www.Afreximbank.com) flagship digital trade ecosystem, demonstrating the value and efficacy of the Gateway in powering African trade.

The transaction, which saw Zimbabwean fuel importer Witeva Trading source a gasoil shipment from a leading commodity trader and supplier in Switzerland, with Innbucks Microbank Ltd. participating as the local issuing financial institution and Afreximbank providing confirmation support under agreed trade finance structure, demonstrates how African businesses can leverage one connected ecosystem to identify opportunities, access finance and complete international trade more efficiently.

The ATG made it possible for the commercial opportunity to be connected to the right ecosystem participants, bringing together the buyer, supplier and participating financial institutions to support a successful execution of the transaction.

The transaction represents an important milestone for both the participating institutions and the ATG ecosystem as it marked Innbucks Microbank’s first completed transaction through the platform and the ATG’s first recorded energy-sector transaction in Southern Africa.

This transaction demonstrates the value of bringing African businesses and financial institutions together through one connected trade ecosystem

It also demonstrates how African Businesses can use a single digital ecosystem to identify commercial opportunities, connect with verified counterparties, access trade-finance support and execute cross-border transactions more efficiently.

Peter Olowononi, Director, Regional Operations, Southern Africa, at Afreximbank, said:

“This transaction demonstrates the value of bringing African businesses and financial institutions together through one connected trade ecosystem. By creating a digital ecosystem to expand access to trade finance, Afreximbank is enabling more businesses to participate easily in regional and international trade.”

Emeka Onyia, Director, Digital Business, at Afreximbank, added:

“The Africa Trade Gateway is more than a mere digital platform; it is the ecosystem that helps trade happen. We help businesses discover opportunities, connect with trusted buyers, suppliers and financial institutions, and facilitate the journey from commercial opportunity to completed transactions. Every successful deal strengthens the network, attracts new participants and creates more opportunities for African trade.”

“As more businesses, banks and trade partners join the ecosystem, every successful transaction expands the marketplace, strengthens trust across the network and increases opportunities for future trade,” Mr. Onyia added.

Distributed by APO Group on behalf of Afreximbank.

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Energy

Gold Fields, Moore Global and Mali Chamber of Mines to Lead Gold Growth Dialogue at African Mining Week (AMW) 2026

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Gold Fields

As record prices reshape investment priorities, industry leaders will examine the strategies, partnerships and financing needed to expand Africa’s gold production

CAPE TOWN, South Africa, July 23, 2026/APO Group/ –As African governments and mining companies accelerate efforts to expand gold production and capitalize on strong global demand, African Mining Week (AMW) 2026, taking place October 14–16 in Cape Town, will spotlight the policies, partnerships and investments driving the continent’s next phase of growth in the gold sector.

 

The event will feature a dedicated panel, Expanding Africa’s Gold Output, exploring strategies to increase gold production, formalize artisanal and small-scale mining and strengthen investment across the value chain.

The session will be moderated by Matt Banton, Head of Mining at Moore Global, and feature Fousseni Togola, President of the Mali Chamber of Mines, and Benford Mokoatle, Executive Vice President: South Africa at Gold Fields.

The discussion comes as the global gold market continues to strengthen. Gold prices have remained above $4,000 per ounce throughout 2026, supported by sustained central bank demand as countries increase gold reserves to diversify foreign exchange holdings and strengthen financial resilience. Across Africa, central banks in Tanzania, Kenya, Ghana, Uganda, Egypt and Namibia have expanded gold purchase programs, reinforcing demand while creating new opportunities for domestic producers.

African gold-producing nations are responding by introducing reforms aimed at increasing production and improving sector governance. In Mali, the government is strengthening the artisanal and small-scale gold mining sector as part of its strategy to maintain annual gold production above 60 metric tons. In July 2026, the country established the Malian Office of Precious Substances, a new state institution responsible for regulating and formalizing artisanal gold production across approximately 400 mining sites employing nearly two million people. At the same time, Mali continues to strengthen partnerships with major mining companies, including Barrick, B2Gold, Toubani Resources and Cora Gold, to sustain long-term production growth and attract additional investment.

At AMW 2026, Togola is expected to discuss how the Mali Chamber of Mines is supporting these reforms while highlighting the investment opportunities emerging across the country’s gold sector. His participation will explore the role of chamber members in expanding production, strengthening local participation and positioning Mali among Africa’s leading gold producers.

South Africa is also advancing initiatives to revitalize its gold industry through increased exploration and long-term mine investment. Earlier this year, the government expanded the Junior Mining Exploration Fund to R600 million, improving access to exploration capital for emerging mining companies and supporting efforts to unlock new gold discoveries.

Complementing these national initiatives, Gold Fields is investing R1.714 billion through 2027 to deepen its flagship South Deep Mine, positioning the operation as a long-life production hub well beyond 2030. Gold Fields’ Mokoatle is expected to provide an update on the company’s long-term investment strategy, highlighting how innovation and sustained capital investment are supporting South Africa’s efforts to strengthen gold production.

As investment accelerates across Africa’s gold sector, AMW 2026 provides a premier platform to connect governments, producers, investors and service providers, advancing the partnerships and capital needed to unlock the continent’s next phase of gold production growth.

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

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