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Angola Oil & Gas (AOG) 2022 to Examine Best Approaches for Angola to Achieve Fuel Self Sufficiency

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The third edition of Angola Oil & Gas to investigate policy reforms, investment initiatives and infrastructure deployments adopted by the southern African country to ensure fuel self-sufficiency

LUANDA, Angola, October 28, 2022/APO Group/ — 

The upcoming Angola Oil & Gas (AOG) 2022 conference and exhibition (https://bit.ly/3sButIz)  – Angola’s official meeting place for energy policymakers, companies and investors – which runs from November 29 – December 1, will explore the best approach Angola should implement to ensure fuel self-sufficiency.

With a total oil output of 1.17 million barrels in August, according to the Organization of Petroleum Exporting Countries (OPEC), Angola has retained Africa’s biggest oil producer status since May, and with the country strongly expanding its natural gas production, is set to shape the global energy transition. However, the southern African country’s refining capability remains way below its domestic consumption with over $2 billion spent on petroleum imports to meet local demand per annum.

Market Growth Necessities

In this regard, massive investments in upstream, midstream and downstream activities and in infrastructure rollout, including refineries, and further reforms to existing policies and fiscal terms is therefore essential to maximize exploration, production and the exploitation of the country’s vast yet untapped hydrocarbon resources to ensure fuel self-sufficiency.

With major downstream projects, such as upgrades to the existing Luanda refinery and the development of three new refineries in Soyo, Cabinda and Lobito underway, improved use of public-private partnerships is crucial for the country to gather the massive capital required to accelerate and complete projects deployment.

During a panel discussion, exploring investment opportunities across the Angolan energy market, held at the African Energy Week conference (https://bit.ly/3SJcieE) in Cape Town, Osvaldo A. Inácio, Executive Board Member at Sonangol (https://bit.ly/3NflrKE) , said “In 2021, we secured 4.2 million tons of refined products to meet local demand. Angola has been importing a lot of refined products and we want to change that. The three new refineries will be a game changer and will add 450,000 barrels of energy per day. We are looking for investors interested in joining us and we are grabbing partners as we go because the country really can’t wait any longer. We had a good conversation with Afreximbank about financing partnership.”

The three new refineries will be a game changer and will add 450,000 barrels of energy per day

Regime Optimization and Financing Fuel Self-Sufficiency

The continued modernization of the regime which includes reductions in petroleum taxes for market players and the creation of the Agency for Private Investment and Promotion of Exportations in 2018 is a huge testimony of the government’s commitment to attract more foreign direct investment and accelerate private sector participation to make the journey to fuel self-sufficiency shorter.

Moreover, the Angolan government’s stance of leveraging financing cooperation with regional governments to accelerate the rollout of midstream and downstream infrastructure could be a game changer – having signed a Memorandum of Understanding with Zambia (https://bit.ly/3Dk4t9x) to cooperate on the Lobito Refinery project in April, 2022 and implementing a feasibility study for the two countries to jointly develop the Angola/Zambia Oil Pipeline.

Furthermore, Angola’s joining of the Extractive Industries Transparency Initiative (https://bit.ly/3gQ5lLB)  in June, 2022 will not only enable the country to reinforce anti-corruption efforts, reform the operations of national oil and gas agencies but will also the business environment and investment climate and, in the process, attract private sector investments required to maximize operations across the entire oil and gas value chain for the country to ensure fuel self-sufficiency.

In addition, by addressing delays previously incurred in signing and renewing exploration and production contracts, and by optimizing local content requirements, Angola is set to see an influx in oil and gas companies and upstream investments and be able to achieve fuel self-sufficiency.

Moreover, with the Agência Nacional do Petróleo, Gás (ANPG) set to grant licenses in onshore and in interior basins to 12 blocks in 2023 and auction more than 11 blocks in pre-salt fields in 2025, Angola is set to become an exploration hub and be able to increase energy production to meet growing local demand as output is currently being disrupted by natural declines in legacy projects despite the country becoming Africa’s largest oil producer.

Keen to find out about how Angola seeks to fast track its energy developments for fuel self-sufficiency? Then AOG presents the best platform for you to engage with the country’s regulatory authorities and key energy market players.

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

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Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, 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/4hkvteE).

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

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

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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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