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Angola Oil & Gas (AOG) 2024 Leadership Track to Examine Synergies, Downstream Investment Opportunities

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AOG

This year’s Angola Oil & Gas conference features a Leadership Roundtable track, with sessions delving into opportunities in downstream projects, synergies through collaboration and the role of national oil companies in Africa

LUANDA, Angola, July 18, 2024/APO Group/ — 

Angola has up to 29 block opportunities available for investment covering onshore, offshore and marginal fields. Targeting heightened foreign investment, these opportunities are already attracting the interest of global players. Concurrently, the government is making strides to expand the downstream industry to support growing demand in regional markets. A Leadership Roundtable program during this year’s Angola Oil & Gas (AOG) conference (October 2-3) will connect companies to Angolan opportunities while delving into collaborative efforts between Angola and global partners.

As the second largest oil producer in sub-Saharan Africa and an emerging natural gas hub, Angola is seeing rising interest by international players seeking new opportunities in oil and gas. Efforts to diversify supply chains in markets such as Europe are leading to new export deals for Angola while European-based companies expand their presence across the country’s oil and gas basins. Meanwhile, still ripe with frontier opportunities, Angola stands to gain a lot of insight from deepwater players such as Guyana, Brazil and the Netherlands as well as natural gas giants such as the UAE, Australia and Algeria. A panel discussion on Synergies through Collaboration: International Ventures in Angola’s Oil Sector will dive into Angola-global partnerships.

AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; national oil company Sonangol; the National Oil, Gas and Biofuels Agency; the African Energy Chamber; and the Petroleum Derivatives Regulatory Institute, the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Angola is boosting energy security by developing three new refineries, increasing capacity to 400,000 bpd. The Cabinda Refinery will be commissioned by November 2024, followed by the Lobito Refinery and Soyo Refinery in 2025. A $5 billion pipeline will connect Lobito to Lusaka, Zambia, and investments in LPG and CNG infrastructure are being promoted. AOG 2024’s panel discussion, “From Crude to Commerce” will explore Angola’s downstream opportunities.

Angola’s National Oil, Gas & Biofuels Agency is implementing 12 key measures to boost local participation in the oil and gas industry. As part of this initiative, the agency will continue to facilitate market access for local service companies, fostering greater inclusivity and growth in the sector. The agency is also looking at creating a fund to support local content and the participation of Angolan service providers across the value chain. With a $60 billion investment pipeline planned for Angolan’s oil and gas sector over the next five years, the demand for local service providers is expected to grow, and during AOG 2024, a panel discussion will explore strategies for supporting market access and financing for local players. Titled A Seat at the Table: Access to Finance for Angolan Service Companies, the session is sponsored by insurance company Protteja Seguros.

Meanwhile, Angola plans to complete the privatization of its national oil company (NOC) Sonangol by 2026. Privatization aims to transform the company into a competitive operator while strengthening its capacity as an upstream partner. With Angola set to maintain oil production at 1.1 million bpd until 2027 while unlocking new discoveries in deepwater, onshore and marginal fields, Sonangol is poised to play a more active role in upstream projects. A session titled The Role of the NOC in Unlocking Upstream Potential will explore how Sonangol’s transformation will support project development and partnerships in upstream oil and gas.  

AOG 2024 features a multi-track program that offers a comprehensive overview of the country’s oil and gas value chain. For more information on panel discussions, speakers and topics, visit www.AngolaOilandGas.com. Download the AOG 2024 program here (https://apo-opa.co/467grBj).

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

Energy

Halliburton Repositions for Venezuela’s Upstream Revival at Venezuela Energy Week 2027

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Etu Energias

Halliburton will join Venezuela Energy Week as a Platinum Sponsor as international operators accelerate efforts to restore production, reactivate drilling capacity and rebuild the oilfield services ecosystem

CARACAS, Venezuela, August 27, 2026/APO Group/ –Halliburton has joined Venezuela Energy Week 2027 as a Platinum Sponsor, bringing one of the world’s leading oilfield services companies into a market where international operators are moving to restore production and expand upstream activity. Taking place February 22–25 in Caracas, Venezuela Energy Week comes as a new investment cycle is creating fresh demand for drilling, well services, reservoir evaluation and production technologies.
 




 

Halliburton has already begun repositioning its Venezuelan operations for the changing market. In April, Chairman, President and CEO Jeff Miller said the company was discussing commercial terms with customers and had visited its Venezuelan facilities, which he said were in better condition than expected. In July, Venezuela’s Supreme Court ordered the restart of Halliburton’s operations and the return of previously seized assets, removing a significant legal obstacle to the company’s reactivation. Halliburton has since posted new positions in Venezuela, including roles in Maturín covering logging and perforating maintenance and supply-chain procurement, as well as a technical sales position in Zulia.

The timing reflects growing demand for oilfield services as Venezuela moves to reactivate mature fields, expand drilling and bring new investment into production. Halliburton’s capabilities span the full well lifecycle, including drilling, formation evaluation, well construction, completion and production, with services such as well intervention, cementing and stimulation increasingly important as operators work to restore aging wells and infrastructure. As new investment moves from agreements into field activity, Halliburton is positioned to provide the technical expertise and equipment required to translate Venezuela’s resource potential into additional production.

The investment environment is also changing. Venezuela’s January 2026 reform of the Organic Hydrocarbons Law opened new avenues for private participation in primary hydrocarbons activities, including operating and production contracts under which private companies can assume technical, operational and financial management. Subsequent regulations issued in July established the framework for royalties and the integrated hydrocarbons tax, while oil companies have been working to migrate existing agreements into the new regime.

This evolving framework is creating an increasingly important role for international oilfield service companies capable of supplying technology, equipment and technical expertise at scale. Halliburton’s renewed engagement comes as Venezuela moves from regulatory reform and investment agreements toward the practical work of drilling wells, restoring production and expanding field capacity.

At Venezuela Energy Week 2027, Halliburton will bring its renewed Venezuelan presence into discussions on the practical requirements of production growth, from drilling and well construction to completion and intervention. Its Platinum Sponsorship will place the company at the center of conversations around how Venezuela can rebuild oilfield capacity and translate new investment into additional barrels.

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

 




 

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Energy

Welligence Joins Angola Oil & Gas (AOG) 2026 as Associate Sponsor as Angola Enters New Production Cycle

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Etu Energias

As gas commercialization, deepwater developments and a shifting exploration landscape reshape Angola’s upstream sector, Welligence will bring its market intelligence expertise to the Angola Oil & Gas 2026 Conference and Exhibition

LUANDA, Angola, August 27, 2026/APO Group/ –Angola’s upstream industry is entering a new investment cycle, with gas commercialization, deepwater development, renewed exploration activity and an expanding independent operator base creating new opportunities across the market. Against this backdrop, energy intelligence firm Welligence has joined the Angola Oil & Gas (AOG) 2026 Conference and Exhibition as an Associate Sponsor.
 




 

Welligence provides upstream intelligence covering assets, reserves, production, economics, mergers and acquisitions and emerging investment opportunities, combining analyst expertise with data and AI-driven analytics. Its platform includes more than 4,000 asset-level reports and a database covering 40,000 M&A transactions, supporting companies evaluating upstream markets and investment decisions.

Angola represents an increasingly dynamic market for this type of intelligence. Welligence has identified the country’s upstream sector as entering a new phase of growth and repositioning, supported by gas developments, new oil projects, renewed exploration and rising activity among independent operators.

On the gas front, the start of Angola’s first non-associated gas project, led by the New Gas Consortium, is paving the way for increased feedstock supply to Angola LNG. Meanwhile, the country’s landmark dedicated gas discovery at Block 1/14 in 2025 has strengthened the role of gas commercialization within Angola’s broader upstream strategy.

At the same time, new oil developments are supporting production growth, although Welligence highlights the continued need for greenfield investment as mature assets decline. Recent milestones include the start-up of the Begonia and CLOV Phase 3 projects in 2025, the commissioning of the Agogo FPSO last August and continued progress at the Kaminho project, which is expected to begin production in 2028.

The operator landscape is also evolving. Welligence has highlighted renewed exploration activity by international majors alongside growing participation from independent companies, particularly as Angola’s onshore sector opens and operators seek to reactivate mature assets and build new portfolios.

Recent transactions reinforce this trend. Equinor entered TotalEnergies’ Block 17 in June 2026, while Afentra expanded its onshore footprint through operatorship of KON 5. Woodside Energy’s three-block deal signed in May further underscored growing confidence in Angola’s frontier opportunities, while Etu Energias strengthened its position through acquisitions in Blocks 14 and 14K.

These shifts are increasing the importance of reliable market intelligence as companies assess acreage, transactions, project economics and production potential. Welligence’s participation at AOG 2026 comes at a time when investors and operators are seeking greater visibility into the opportunities shaping Angola’s next phase of upstream growth.

As Associate Sponsor, Welligence will contribute an analytical perspective to discussions at AOG 2026, where industry leaders will examine the investments, partnerships and strategies driving Angola’s energy sector forward. With new entrants entering the market and established operators advancing major developments and exploration programs, data-driven insights will remain critical to guiding future investment decisions.

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

 




 

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Global Finance Leaders Target Angola’s Investment Gap at Angola Oil & Gas (AOG) 2026

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Etu Energias

Standard Bank, Premier Invest, Africa Finance Corporation and Banco BAI will bring financing expertise to AOG 2026 as Angola seeks to mobilize capital for upstream projects, infrastructure and local companies

 




 

LUANDA, Angola, August 27, 2026/APO Group/ –Mobilizing capital for Angola’s next oil and gas investment cycle will be a key focus at the Angola Oil & Gas (AOG) 2026 Conference and Exhibition, as the country seeks to attract both international and domestic capital across its evolving energy value chain. Executives from leading financial institutions and investment firms have joined the AOG speaker lineup, bringing perspectives on corporate finance and investment trends to the Luanda conference.

 

Angolan financial institution Banco Angolano de Investimentos (BAI) – a Silver Sponsor of AOG 2026 – is expanding its role in financing the country’s energy sector as domestic banks take on greater responsibility for supporting projects and local companies. The bank provides corporate and investment banking services spanning project finance, structured finance and capital markets. Its participation comes as Angolan lenders increasingly target mid-sized developments, onshore projects and indigenous companies that can face greater difficulty accessing international capital. CEO Luís Filipe Rodrigues Lélis will share insights into the role of local banks in building Angolan oil and gas entrepreneurs, bringing financing into discussions around strengthening local participation across the industry.

https://apo-opa.co/4y55eOq

Standard Bank brings significant oil and gas financing experience to the conference. In 2024, the bank served as underwriter and bookrunner on a $1.3 billion pre-export finance facility for national oil company Sonangol. In Angola, the bank also offers contract financing, purchase-order finance and invoice discounting for oil and gas businesses. Executive Director, Business & Commercial Banking Fernando Chivinda will participate at AOG 2026 as access to finance remains central to both large-scale project development and the growth of Angolan companies across the value chain.

https://apo-opa.co/4y95qwg

Premier Invest brings experience in structuring transactions and connecting global capital with African energy projects. Led by Founder and Managing Partner René Awambeng, the investment firm advises on and structures transactions across the energy value chain, working with global investors and regional financial institutions to mobilize capital for projects. Awambeng will participate at AOG 2026 as Angola seeks to broaden its sources of capital and connect project developers with investors capable of advancing opportunities toward bankability and execution.

https://apo-opa.co/4y8Aufy

Africa Finance Corporation (AFC), meanwhile, brings an established investment footprint in Angola. The multilateral finance institution has invested close to $1 billion across the country’s power, rail, logistics and critical minerals sectors and is an Elite Sponsor of AOG 2026. In oil and gas, AFC invested $60 million as part of a $190 million debt facility supporting Etu Energias’ acquisition of interests in offshore Blocks 14 and 14K, a transaction that doubled the independent’s net production at the time from approximately 9,000 to 19,000 barrels per day. AFC Vice President for Investment Taiwo Okwor and Senior Associate for Energy Resources Tobi Edun will participate at AOG 2026, bringing experience in structuring and mobilizing capital as Angola seeks financing for energy projects and associated infrastructure.

https://apo-opa.co/4y525xV

Taking place September 9–10, with a pre-conference day scheduled for September 8, AOG 2026 will connect financial institutions and advisers with operators, government and entrepreneurs to advance commercially viable projects across the energy value chain. Visit www.AngolaOilandGas.com for more information.

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

 




 

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