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Afentra’s Paul McDade to Outline Angolan Exploration and Production (E&P) Agenda at Angola Oil & Gas (AOG) 2023

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Paul McDade

Afentra CEO Paul McDade will speak at Angola Oil and Gas 2023, discussing

LUANDA, Angola, August 1, 2023/APO Group/ — 

Paul McDade, CEO of independent oil and gas company Afentra, will participate as a speaker at the highly anticipated Angola Oil & Gas (AOG) 2023 conference and exhibition (https://apo-opa.info/3PTENZ0). AOG 2023, under the theme ‘Energy Security, Decarbonization, and Sustainable Development,’ is set to take place in Luanda from September 13–14.

McDade brings extensive knowledge and expertise to the AOG 2023 stage. He will lead discussions on African exploration and asset acquisition, driving critical conversations around Afentra’s agenda in the Angolan energy market.

“At the time of Afentra’s launch in 2021, Angola was identified as a core target market for the Company based on a nascent industry transition that would present opportunities for an ambitious and responsible player like Afentra. Our inaugural transactions in country have seen the Company build a material position in the quality 3/05 and 3/05a Blocks, providing Afentra with a strong growth platform from which to deliver future growth in both Angola and into other core target markets. The assets provide considerable scope for organic growth as well as the opportunity to enhance the environmental performance of the producing fields – both of which are important tenets of Afentra’s strategy – and we look forward to working with our partners and wider stakeholders in delivering these objectives,” McDade notes.  

As an independent explorer, Afentra is committed to deploying state-of-the-art technology and implementing carbon reduction measures, ushering in a new era of sustainable oil and gas development in Africa. This positions the company as a viable option for African governments seeking a capable partner to provide guidance and support in adopting low-carbon and sustainable production techniques.

In 2022, Afentra signed a significant sale and purchase agreement (SPA) with Sonangol, Angola’s national oil company. This agreement allowed Afentra to secure stakes in two offshore blocks situated in the Lower Congo and Kwanza basins, representing a deal valued at $80 million. This strategic move marked Afentra’s entry into Angola.  

Having McDade and Afentra as part of the AOG 2023 conference is significant as their insights will contribute to shaping dialogue around Angola’s exploration landscape

Additionally, in July 2023, Afentra inked a SPA deal with oil and gas company Azule Energy for Block 3/05 and Block 3/05A. The agreement brings Afentra’s stake in Block 3/05 and Block 3/05A to 30% and 21.33%, respectively.

The company’s strategy in Angola involves optimizing and extending the lifespan of mid-life producing assets, prioritizing safety, emissions reduction and responsible operations. This portfolio and approach make Afentra highly relevant to the discussions at AOG, as they align with the conference’s focus on sustainable development and environmental stewardship.

“Afentra’s operations in the Angolan market are a significant milestone, and their expertise and commitment to sustainable production make them a valuable partner for African governments. Having McDade and Afentra as part of the AOG 2023 conference is significant as their insights will contribute to shaping dialogue around Angola’s exploration landscape,” states Devi Paulsen-Abbott, Energy Capital and Power CEO.

During AOG 2023, McDade will delve deeper into discussions on the pivotal role of ramping up exploration and production in Angola within the global energy transition, contributing to the energy future of both Angola and Africa. The insights shared by McDade will be valuable for project developers, financiers and service companies along the entire oil and gas value chain.

“At the time of Afentra’s launch in 2021, Angola was identified as a core target market for the Company based on a nascent industry transition that would present opportunities for an ambitious and responsible player like Afentra. Our inaugural transactions in country have seen the Company build a material position in the quality 3/05 and 3/05a Blocks, providing Afentra with a strong growth platform from which to deliver future growth in both Angola and into other core target markets. The assets provide considerable scope for organic growth as well as the opportunity to enhance the environmental performance of the producing fields – both of which are important tenets of Afentra’s strategy – and we look forward to working with our partners and wider stakeholders in delivering these objectives.  

“We’re delighted to be presenting at this conference as we continue to raise the profile of Afentra within our relevant audiences and look forward to providing our unique insights into the important role that Afentra can play in delivering a responsible energy transition in Angola. We look forward to participating in an energetic and insightful conference that will help inform delegates about the evolving future of Angola’s energy industry,” he adds.

AOG 2023 returns to Luanda for its fourth edition from September 13-14 under the auspices of the Ministry of Mineral Resources, Oil and Gas and in partnership with the National Oil, Gas and Biofuels Agency, AIDAC and the African Energy Chamber. Visit www.AngolaOilandGas.com for more information about this highly-anticipated event.

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

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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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