CARACAS, Venezuela, June 3, 2026/APO Group/ –Venezuela will host its largest-ever international energy investment summit on 26–29 October 2026 in Caracas, bringing together U.S., Venezuelan and international oil companies, investors, financiers and technical service providers to advance near-term investment opportunities across the country’s reopening energy sector.

 

Officially supported by the Ministry of Hydrocarbons and national oil company PDVSA, Venezuela Energy Week 2026 is designed to accelerate capital deployment across one of the world’s largest hydrocarbon resource bases.

 

Venezuela holds over 300 billion barrels of proven oil reserves – the largest globally – alongside more than 195 trillion cubic feet of natural gas. With current production at approximately 1–1.1 million barrels per day, the government has set a strategic target to restore output toward 3 million barrels per day through phased investment, field rehabilitation and expanded private sector participation.

 

Recent 2026 hydrocarbons reforms are materially reshaping the commercial framework. These include reduced fiscal burdens, expanded production-sharing mechanisms, strengthened arbitration protections and increased operational control for foreign partners. For international investors, these changes signal a shift toward more internationally aligned contract structures and improved capital recovery visibility.

 

The investment case is underpinned by scale, speed-to-market potential and significant brownfield upside. Venezuela’s producing basins – particularly the Orinoco Oil Belt, Maracaibo Basin and Eastern Venezuela Basin – offer a combination of undeveloped mega-projects and mature assets primed for enhanced recovery. Priority opportunities include large-scale developments across the Orinoco Belt, including Junín, Carabobo and Ayacucho; brownfield rehabilitation in the Maracaibo Basin; reactivation of shut-in wells through new drilling programs; and heavy crude upgrading and blending infrastructure to support export growth.

 

In parallel, underutilized refining capacity and constrained midstream infrastructure are opening near-term investment opportunities across rehabilitation, logistics and export systems. Refining capacity of nearly 1.3 million barrels per day is currently operating at roughly 35% utilization, creating immediate opportunities in refinery rehabilitation, midstream logistics, storage and export terminal expansion.

 

Gas monetization is emerging as a key growth segment, with offshore developments such as the Dragon and Cocuina-Manakin fields positioning Venezuela as a future supplier to regional and global LNG markets. Associated gas capture, processing and transport infrastructure remain underdeveloped, offering additional entry points for technical and financial partners.

 

Overall sector rehabilitation is estimated to require up to $100 billion in investment, with approximately $10 billion annually needed over the next decade to restore production capacity, modernize infrastructure and scale exports.

 

Venezuela Energy Week 2026 will feature dedicated investment tracks focused on upstream technical opportunities, commercial structuring, infrastructure integration and digital optimization, including AI-driven field management and energy systems modernization. The program will also include discussions on workforce development and local participation across the evolving oil and gas sector, supported by dedicated Youth in Energy sessions. This track will spotlight emerging talent, early-career professionals and next-generation leadership across the energy value chain, with a focus on skills development, innovation and cross-generational knowledge transfer.

 

With participation from leading industry bodies, the event will align technical expertise with capital deployment strategies, reinforcing its position as a gateway for U.S. and international investors evaluating market re-entry.

 

The program will conclude on 29 October with curated site visits to key upstream and downstream assets, offering investors direct exposure to operational conditions and project readiness across Venezuela’s core producing regions.

 

As global energy markets recalibrate and supply security remains a strategic priority, Venezuela’s reopening presents a high-impact, large-scale opportunity for investors navigating a complex but increasingly investable environment.

The summit is organized by Energy Capital & Power. For participation opportunities:

 

• General inquiries: Info@venezuelaenergyweek.com
• Speaking opportunities: Speaker@venezuelaenergyweek.com
• Sponsorship and partnerships: Sponsor@venezuelaenergyweek.com
• Delegate registration: Registration@venezuelaenergyweek.com

 

For more information, visit www.VenezuelaEnergyWeek.com.

LUANDA, Angola, June 1, 2026/APO Group/ –Angolan oil company Etu Energias is making its return to the Angola Oil & Gas (AOG) Conference and Exhibition – taking place September 9-10 with a pre-conference day scheduled for September 8 – as a Champion Sponsor, underscoring its expanding role in the country’s upstream landscape. The sponsorship comes as the company accelerates redevelopment campaigns across mature assets, deepens its offshore portfolio and pursues ambitious long-term growth targets aimed at strengthening Angola’s production outlook.

 

Already holding a prominent position within Angola’s oil sector, Etu Energias has implemented a series of 2030 goals centered around strengthening production at mature assets, restoring production and exports at onshore acreage, participating in ‘golden blocks’ and establishing partnerships with international players. These align closely with its own target of reaching 80,000 barrels per day (bpd) by 2030 while supporting Angola’s goal of sustaining output above one million bpd in the long-term. Recent milestones reflect these ambitions.

In May 2026, the company – alongside partners Poliedro, Kotoil, Falcon Oil and Prodoi – completed drilling and testing operations at the Espadarte 7ST2 well at Block 2/05 in the Lower Congo Basin. Initial tests showed stabilized production at around 2,000 bpd and 2,500 bpd, reinforcing the commercial viability of the Greater Espadarte – the last development area of the block. The partners are planning to drill one more appraisal well before finalizing the development plan.

At the same time, Etu Energias has continued to strengthen its offshore portfolio through strategic acquisitions. In March 2026, the company acquired a 20% and 10% stake in Block 14 and 14K respectively through a $310 million transaction. The deal was financially backed by Chariot and Shell Western Supply and Trading and marks another step in the company’s transformation from a domestic producer into a more diversified upstream player with exposure across multiple basins and production environments.

Beyond upstream projects, Etu Energias continues to expand its downstream portfolio through the development of service stations across the country. In the local content space, the company invests extensively in workforce development, education and skills transfer. This month, Etu Energias announced the first results of its STEM Program – spearheaded by ADPP Angola with the support of Etu Energias, the National Oil, Gas & Biofuels Agency and its Block 2/05 partners. The $412,000 program strengthens technical and scientific education in the country, with more than 8,000 students set to benefit by 2028.

As a Champion Sponsor of AOG 2026, Etu Energias will join government officials, operators, financiers and technology providers in Luanda to discuss the future of Angola’s oil and gas sector. Taking place at a pivotal moment for the country’s upstream industry, the conference serves as a platform for advancing investment, strengthening partnerships and supporting the exploration and redevelopment activities needed to sustain Angola’s long-term production goals.

CAPE TOWN, South Africa, May 29, 2026/APO Group/ –The African Energy chamber (AEC) (https://EnergyChamber.org) held high-level meetings in Brazzaville on May 18 with the Republic of Congo’s Ministry of Hydrocarbons and the Société Nationale des Pétroles du Congo (SNPC), reinforcing a renewed push to accelerate investment, expand LNG infrastructure and strengthen local operational capacity. Discussions centered on positioning Congo as a premier regional gas hub while transforming SNPC into a more active upstream operator with broader international ambitions.

 

Against this backdrop, SNPC Director General Maixent Raoul Ominga has been confirmed as a speaker at African Energy Week (AEW) 2026, taking place in Cape Town from October 12–16. His participation comes at a pivotal moment for Congo’s hydrocarbons sector as SNPC advances major gas monetization projects, upstream expansion plans and corporate restructuring aimed at attracting international capital and strategic partnerships.

Under Ominga’s leadership, SNPC has accelerated its transformation from a passive state asset holder into a more operationally focused national oil company. A late-2025 presidential decree expanded and consolidated SNPC’s strategic role within Congo’s energy sector. The company has also launched a five-year digital modernization program designed to improve transparency, auditing and financial oversight.

Operationally, SNPC is expanding aggressively across both upstream oil and gas developments. The company launched a $158 million drilling bond to support onshore campaigns and has assumed operatorship of strategic assets including the Kouakouala field. Ongoing investments across the Nanga I, Zingali II and Le Mayombe II permits are expected to support production growth while helping offset declines at major fields.

https://apo-opa.co/4uGpGnz

Gas monetization remains central to SNPC’s long-term strategy, with Congo LNG delivering its first export cargo to Italy through the Tango FLNG facility. Meanwhile a second FLNG unit is under development to raise national LNG capacity to around 3 million tons per annum. At Banga Kayo, SNPC and partner Wing Wah are advancing flare-reduction projects that convert associated gas into LPG, propane and butane for domestic markets.

The company is also strengthening offshore partnerships to unlock new reserves. Recent agreements with TotalEnergies and QatarEnergy on the Enzombo deepwater block aim to expand exploration activity offshore Pointe-Noire. Separately, TotalEnergies recently confirmed a hydrocarbon discovery at the Moho license, where recoverable resources across the Moho G and Moho F structures are estimated at close to 100 million barrels.

“Ominga’s participation at African Energy Week 2026 comes at a defining moment for Congo’s energy sector as SNPC accelerates its transformation into a stronger, more operationally driven national oil company. AEW will provide a critical platform for SNPC to engage directly with investors, operators and policymakers on the next phase of Congo’s growth strategy,” says NJ Ayuk, Executive Chairman, AEC.

SNPC is targeting longer-term production growth toward 500,000 barrels per day while pursuing new licensing rounds, refinery modernization through its SOCAR partnership and additional FLNG developments designed to position Congo among Africa’s premier gas economies.