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Angola Oil & Gas (AOG) 2025: Energy Majors Commit Billions for Angolan Projects

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Energy

Delivering welcome addresses at the Angola Oil & Gas Conference and Exhibition, energy majors bp, Eni and TotalEnergies reiterated their commitment to driving oil and gas production

LUANDA, Angola, September 5, 2025/APO Group/ –Energy majors bp, Eni and TotalEnergies committed billions for Angolan projects during the opening ceremony of the Angola Oil & Gas Conference and Exhibition – that took place in Luanda on Wednesday, 3 September. The event is held on the eve of Angola’s 50 years of independence, offering an opportunity for reflection as well as renewed commitment to the growth of the country’s hydrocarbon economy.

 

Eni announced plans by Azule Energy – an Eni-bp joint venture – to invest $5 billion in the market over the next several years while TotalEnergies shared plans to invest $3 billion through its Dalia Life Extension project. These commitments come as the country strengthens its fiscals with the aim of supporting production growth.

“Since its inception, Azule Energy has invested more than $5 billion in Angola, and during the next few years, we plan to invest an additional $5 billion,” stated Claudio Descalzi, CEO, Eni.

Both Eni and bp have played an instrumental role in positioning Angola as one of Africa’s biggest oil and gas producers over the last 50 years, with offshore projects spanning deepwater exploration, offshore production and inland infrastructure. Now, through their joint venture company Azule Energy, the companies are shaping the next 50 years of development, targeting greater production and local content development.

We are advancing the New Gas Consortium project – featuring the Q&M fields – which represents the country’s first non-associated gas project

“We are advancing the New Gas Consortium project – featuring the Q&M fields – which represents the country’s first non-associated gas project. In addition, Azule’s recent gas discovery, will make even more resources available for the country’s growth and prosperity as well as economic diversification through gas utilization. As Angola turns towards its next 50 years, Eni is honored to continue this journey by your side,” Descalzi added.

The year 2025 was a major year for Azule Energy, with the company announcing first production at the Agogo Integrated West Hub Development in July 2025. The project, comprising the full field development phase of two fields, has a production capacity of 175,000 bpd.

“Five weeks ago, we saw first oil from the Agogo FPSO. It was a complex project – state of the art and fully electrified. Azule has lifted 30,000 tons of equipment onto the vessel Despite this complexity, the team achieved project startup almost one year ahead of schedule. At peak, we expect production to reach 175,000 bpd, helping Angola maintain its one million bpd target. Azule is a company that seeks to make a lasting contribution to the Angolan society,” stated Murray Auchincloss, CEO, bp.

As one of the country’s biggest producers, TotalEnergies continues to make strides towards enhancing Angolan crude production through major offshore projects. In 2025, the company brought two major projects online, adding 60,000 bpd to the market. Situated in Block 17 and Block 17/06 respectively, the CLOV Phase 3 Development and Begonia oilfields were developed in close collaboration with leading industry players. The Begonia project is also the first inter-block development in Angola.

“This year has been special for us. We achieved key milestones such as the startup of the Begonia and CLOV phase 3 development – adding 60,000 bpd. We started the construction of the Kaminho FPSO which is opening up a brand-new basin in Angola. That is a $6 billion investment. We have sanctioned the Dalia life extension project – part of the Incremental Production Initiative. We have committed about $3 billion for that development,” stated Mike Sangster, Senior Vice President: Africa, TotalEnergies.

These billion-dollar commitments underscore that the majors are here to stay in Angola, a testament to the country’s flexible and attractive investment climate. From multi-year licensing rounds to blocks available on direct negotiation to marginal fields and incremental production, Angola has positioned itself as a competitive oil and gas market.

“Over the last few years, Angola has been focused on reforms, reforms that have transformed the economy and its people. People that drive the next generation and drive the next 50 years. As we build, we look at what these reforms mean for the next 50 years. We cannot hold back on driving oil for the future of this country. We will drill, baby drill,” opened NJ Ayuk, Executive Chairman, African Energy Chamber.

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

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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