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Angola Oil & Gas (AOG) 2024 to Host On-Stage Interviews with Sonangol, Chevron, Azule Energy and More

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2 years ago

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AOG

The “In-Conversation with” sessions will shed direct insight into the projects and investment plans of some of Angola’s largest operators

    LUANDA, Angola, August 20, 2024/APO Group/ — 

    TotalEnergies is deploying a multi-year energy strategy in Angola – which includes the $850-million Begonia field development – while ExxonMobil could inject as much as $15 billion into the Namibe Basin following commercial success at recent discoveries. In total, an investment pipeline of $60 billion is projected for the country over the next five years, signaling a strong commitment by International Oil Companies (IOCs) to develop Angola’s oil and gas prospects.

    To provide direct insight into Angola’s oil and gas project portfolio, the Angola Oil & Gas (AOG) conference – taking place October 2-3 in Luanda – will feature a series of In-Conversation with sessions. These on-stage discussions will bring together Angola’s leading oil and gas operators – including TotalEnergies, ExxonMobil, Chevron, Azule Energy, Etu Energias and Sonangol – and provide a unique platform for candid dialogue on the future of oil and gas development in the country.

    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 will complete the privatization of its national oil company (NOC) Sonangol by 2026. The process aims to strengthen the company’s financial and operational capacity, while consolidating its position as a major project developer in Angola’s oil and gas industry. Leveraging over 60 years of experience, Sonangol is driving a strong slate of projects in partnership with IOCs and regional operators. An In-Conversation with session at AOG 2024 will provide insight into the opportunities that privatization offers the NOC, as well as unpack Sonangol’s investment strategy and upcoming projects across upstream and downstream sectors.

    With a 26% market share in Angola, energy major Chevron is driving low-carbon oil and gas projects in Angola. The company expects production to start on its $300-million Sanha Lean Gas Connection Project in Q4 2024. Providing feedstock for the Angola LNG facility, the project involves the development of a platform that ties into the existing Sanha Condensate complex. Additionally, Chevron signed a production sharing agreement in 2023 to manage operations within the Block 14/23 concession area on the maritime border of Angola and the DRC. At AOG 2024, Chevron will offer insight into its low-carbon projects in Angola, as well as opportunities in natural gas.

    TotalEnergies reached FID on its Kaminho Deepwater Development in Block 20/11 earlier this year. Representing the first large deepwater development in the offshore Kwanza Basin, the project is set to commence in 2028 with a capacity of 70,000 barrels per day (bpd). Comprising the Cameia and Golfinho fields, the project is being developed in partnership with Sonangol and Malaysia’s Petronas. TotalEnergies is expected to provide an update on its multi-year energy strategy in Angola during an on-stage interview at AOG 2024. The session will delve into the company’s deepwater projects, upcoming oil developments and future-oriented approach to oil and gas investment in Angola.

    International energy company Azule Energy will start production at both the Agogo Integrated West Hub Development and the Quiluma and Maboqueiro fields in 2026. Having recently signed risk service contracts for Blocks 46, 47 and 18/15, the company is committed to increasing production while spearheading non-associated gas projects. During AOG 2024, Azule Energy will speak to the impact of these developments on the country’s energy matrix and future investment plans in the market.

    Operator of Block 15 – one of Angola’s golden blocks, home to 18 commercial discoveries and 20 years of production – ExxonMobil aims to maximize output at existing assets to mitigate natural production declines. The company announced a discovery at the Likember-01 research well in 2024 – the first well of Angola’s incremental production initiative. Seeking play-opening finds in the Namibe Basin, ExxonMobil will provide a project update during AOG 2024. The In-Conversation with session will delve into opportunities in incremental production, frontier markets in Angola and innovative drilling.

    Etu Energias – Angola’s largest private indigenous oil producer – is gradually strengthening its asset portfolio in-country. The company plans to make an Initial Public Offering in 2026, improving its capacity to acquire licenses. By 2025 and 2030, the operator plans to increase production to 50,000 bpd and 100,000 bpd, respectively. Etu Energias will provide insight into its strategies for increasing output during AOG 2024.

    To view the AOG 2024 program, visit https://apo-opa.co/3SV99LC.

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

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    Novum Studio Secures New Funding to Launch Ahoy Project, an AI-Native Enterprise Transformation Platform, Building on Its 20-Million-User Gen Z App Frog

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    3 days ago

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    July 24, 2026

    By

    Novum Studio
    • Novum Studio has raised a new round of funding to launch Ahoy Project, its enterprise AI solution, with internal testing scheduled for July 2026.
    • Ahoy Project is positioned as the infrastructure for AI-native enterprise transformation – an AI-native communication platform serving as the underlying system, delivered as an end-to-end tailored solution.
    • The launch expands the company beyond Frog, its Gen Z consumer social app that has reached 20 million users across the U.S. and Europe.
    • Novum Studio said it is applying lessons from operating high-frequency social platforms at scale to workplace communication and knowledge systems.

    NEW YORK, USA – Media OutReach Newswire – 24 July 2026 – Novum Studio, the company behind Frog – a Gen Z social app often described as a “new-generation Snapchat” – said it has raised a new round of funding and will use the proceeds to launch Ahoy Project, an AI-native enterprise communication and collaboration platform, with internal testing scheduled for July 2026.

    The Novum Studio team at London Tech Week 2025.

    Unlike conventional workplace software, Ahoy Project will not be sold as a standalone software subscription, the company said. Novum Studio provides the infrastructure and a full tailored solution for enterprises undergoing AI-native transformation, with the communication platform serving as the underlying system on which that transformation is built.

    Founded as a consumer social company, Novum Studio has reached more than 20 million users across the U.S. and Europe. Frog gained traction among younger users through spontaneous, real-time sharing designed around authenticity and low-pressure interaction. The company said its experience building large-scale social “spaces” – where millions of people communicate, form groups and coordinate in real time — directly informs its approach to enterprise collaboration.

    The new funding will support the launch and international expansion of the enterprise business as artificial intelligence reshapes how organizations communicate, collaborate and operate, the company said.

    Novum Studio was founded by Anna Danyi, who graduated from the London School of Economics and Political Science (LSE) in 2018 and began her career in consulting and technology. Before founding Novum Studio, she built multiple consumer applications and exited through an acquisition. In 2025, Forbes China recognized her among the Top 100 most influential global Chinese figures in AI digital products area.

    “We spent years understanding how millions of users communicate online,” Anna Danyi said. “In the AI era, communication itself is becoming intelligent. We believe the next generation of platforms will not only connect people — they will understand workflows, collaboration and organizational behavior.”

    From Consumer Social to Enterprise AI

    Modern organizations face growing challenges as critical knowledge, decisions and workflows become fragmented across chats, meetings and disconnected tools, the company said. Ahoy Project addresses this as a conversation-driven, AI-native collaboration layer: it captures context from day-to-day communication to build a searchable enterprise knowledge base and support workflow coordination.

    Core capabilities include conversation-based knowledge organization, AI-assisted collaboration and workflow support integrated directly into team communication. Because the platform sits at the layer where work is discussed and decided, it can serve as the foundation for a broader AI-native operating model – with Novum Studio designing and delivering the surrounding transformation solution for each enterprise client.

    Ahoy (Popeye AI) turns everyday team conversations into a searchable enterprise knowledge base.

    A New Direction for Social Technology

    Novum Studio said its expansion reflects a broader shift across the technology industry. Platforms such as TikTok and Instagram defined how content was distributed and consumed in the mobile social era; as AI becomes embedded in digital products, the company believes the next stage will center less on feeds and more on intelligent systems that understand communication and coordination.

    “We are no longer just building products where people post content,” Anna Danyi said. “We are building systems that understand how humans communicate and operate together.”
     

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    Venezuela Energy Week to Host Houston Industry Showcase, Unlocking United States (U.S.) Commercial Engagement Ahead of October Summit

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    3 days ago

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    July 24, 2026

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    African Energy Chamber

    Ahead of Venezuela Energy Week 2026, U.S. exploration companies, independent operators, oilfield service providers and investors are invited to explore commercial opportunities across Venezuela’s upstream sector at the Houston Industry Showcase next month

    HOUSTON, United States of America, July 23, 2026/APO Group/ –Venezuela Energy Week will host an Industry Showcase in Houston on August 18, 2026: a targeted industry roadshow designed to engage U.S. energy stakeholders ahead of the October summit. Held at The Post Oak Hotel, the showcase will convene senior representatives from across the U.S. upstream ecosystem – including exploration and production companies, Texas-based independents, oilfield service companies, engineering and technology firms, commercial banks, private equity firms and family offices – to assess commercial pathways for participation in Venezuela’s energy sector.

     

    As Venezuela looks to expand production, U.S. companies remain well positioned to contribute technical expertise, capital and operational capabilities across the upstream value chain. Chevron’s longstanding presence in the country highlights the continued importance of U.S. industry participation, while the scale of Venezuela’s resource base continues to attract interest from major international energy companies, including ExxonMobil and ConocoPhillips. Opportunities extend across exploration, field development, production optimization, infrastructure rehabilitation and digital modernization as Venezuela seeks to strengthen its energy sector.

     

    Demand is also expected to grow for oilfield service companies, engineering firms, technology providers and financial institutions that can support upstream investment and project execution. Companies including SLB, Halliburton and Baker Hughes have been identified as potential partners in advancing production optimization and infrastructure rehabilitation, while commercial banks, private equity firms and family offices will play an important role in financing future investment opportunities.

     

    Against this backdrop, the Houston Industry Showcase will provide a structured engagement platform at a time when select international operators continue to operate under U.S. Treasury-authorized frameworks, and where policy considerations in the U.S. continue to shape engagement parameters in Venezuela’s energy sector.

     

    The event will enable U.S. exploration companies, independent operators, oilfield service providers and investors to assess technical and commercial pathways across exploration, field services, project delivery and broader supply chain opportunities, while supporting early-stage dialogue between international investors and Venezuela-focused stakeholders in a structured commercial environment ahead of the October summit.

     

    To register for the Houston Industry Showcase on August 18, visit www.venezuelaenergyweek.com/rsvp-houston. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2026 in Caracas this October, 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/4fM0rLr).

     

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

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    Africa Trade Gateway Delivers US$5.3-Million Cross-Border Transaction in First Energy Sector Trade in Southern Africa

    Published

    3 days ago

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    July 24, 2026

    By

    Afreximbank

    The transaction represents an important milestone for both the participating institu-tions and the ATG ecosystem as it marked Innbucks Microbank’s first completed transaction through the platform and the ATG’s first recorded energy-sector transac-tion in Southern Africa

    HARARE, Zimbabwe, July 23, 2026/APO Group/ –A US$5.3-million cross-border fuel (gasoil) trade transaction has been successfully completed with support of the Africa Trade Gateway (ATG), African Export-Import Bank’s (Afreximbank’s) (www.Afreximbank.com) flagship digital trade ecosystem, demonstrating the value and efficacy of the Gateway in powering African trade.

    The transaction, which saw Zimbabwean fuel importer Witeva Trading source a gasoil shipment from a leading commodity trader and supplier in Switzerland, with Innbucks Microbank Ltd. participating as the local issuing financial institution and Afreximbank providing confirmation support under agreed trade finance structure, demonstrates how African businesses can leverage one connected ecosystem to identify opportunities, access finance and complete international trade more efficiently.

    The ATG made it possible for the commercial opportunity to be connected to the right ecosystem participants, bringing together the buyer, supplier and participating financial institutions to support a successful execution of the transaction.

    The transaction represents an important milestone for both the participating institutions and the ATG ecosystem as it marked Innbucks Microbank’s first completed transaction through the platform and the ATG’s first recorded energy-sector transaction in Southern Africa.

    This transaction demonstrates the value of bringing African businesses and financial institutions together through one connected trade ecosystem

    It also demonstrates how African Businesses can use a single digital ecosystem to identify commercial opportunities, connect with verified counterparties, access trade-finance support and execute cross-border transactions more efficiently.

    Peter Olowononi, Director, Regional Operations, Southern Africa, at Afreximbank, said:

    “This transaction demonstrates the value of bringing African businesses and financial institutions together through one connected trade ecosystem. By creating a digital ecosystem to expand access to trade finance, Afreximbank is enabling more businesses to participate easily in regional and international trade.”

    Emeka Onyia, Director, Digital Business, at Afreximbank, added:

    “The Africa Trade Gateway is more than a mere digital platform; it is the ecosystem that helps trade happen. We help businesses discover opportunities, connect with trusted buyers, suppliers and financial institutions, and facilitate the journey from commercial opportunity to completed transactions. Every successful deal strengthens the network, attracts new participants and creates more opportunities for African trade.”

    “As more businesses, banks and trade partners join the ecosystem, every successful transaction expands the marketplace, strengthens trust across the network and increases opportunities for future trade,” Mr. Onyia added.

    Distributed by APO Group on behalf of Afreximbank.

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