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

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Oil gas angola

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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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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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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