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Angola Oil & Gas Summit Returns to Luanda in October, Unveiling Unprecedented Investment Opportunities in Africa’s Energy Hub

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Angola Oil & Gas Summit

With substantial oil and gas reserves, an improved operating environment and a burgeoning energy industry, Angola is an attractive destination for international investors seeking opportunities in the African market

Também disponível em Português

LUANDA, Angola, January 17, 2024/APO Group/ — 

Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) is proud to announce that Angola’s premier investment platform – Angola Oil & Gas (AOG) – will return for its fifth edition from October 2-4 at Centro de Convencoes Talatona in Luanda, Angola this year. Uniting global financiers, high-profile project developers, and key players from both the Angolan and global energy landscape, the AOG conference and exhibition proudly takes place with the full support of the Ministry of Mineral Resources, Oil and Gas; national oil company (NOC) Sonangol; the National Oil, Gas and Biofuels Agency (ANPG), the African Energy Chamber, the Petroleum Derivatives Regulatory Institute (IRDP) as well as the key players in the private sector.

Backed by key industry players including the Association of Angolan Petroleum Service Companies, the UK – Angola Chamber of Commerce, the US – Angola Chamber of Commerce, the Associação de Empresas Autóctones para a Indústria Petrolífera de Angola, Sonangol, Eni, TotalEnergies, Chevron, Exxon, Etu Energias and Azule Energy, AOG ranks as the official platform where Angola’s oil and gas matters and investment opportunities are discussed and optimized. In 2023, the event welcomed 2,213 industry delegates from 41 countries as well as 389 global companies, providing a dynamic platform for exploration and exploitation of investment and partnership opportunities within Angola’s thriving energy value chain.

“The African Energy Chamber is proud to endorse this conference and work with ECP on this edition of AOG. We are thankful to the leadership of the country for their consistent commitment to improving the operating environment for both local and international investors in Angola’s oil and gas sector. The announcement of multiple drilling campaigns scheduled to take place this year and next, points to a positive response of the industry to the government’s reforms,” said Sergio Pugliese, President of the African Energy Chamber in Angola.

According to Devi Paulsen-Abbott, CEO of ECP, “expanding on the success of previous editions, AOG 2024 will be bigger and better as we bring together industry leaders and foster collaboration for a more resilient Angolan oil and gas landscape.”

Angola’s energy sector is ripe for investment and the AOG 2024 conference and Exhibition serves as a bridge connecting foreign companies and their Angolan counterparts

As one of Africa’s leading oil producers, boasting an impressive output of over 1.1 million barrels per day (bpd), Angola has garnered a reputation as an easily accessible and attractive investment destination. Under the leadership of President João Lourenço and the Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, Angola ranks as Africa’s second-biggest oil producer and one of the continent’s fastest growing gas markets. The country has continued to attract additional investments for new exploration from global major players such as TotalEnergies, ExxonMobil, Chevron, Eni and Azule Energy. Local players such as Sonangol E&P and ACREP have resumed drilling onshore whilst Etu Energias has been active on the mergers and acquisition market, closing deals worth more than USD 1 billion in recent months. In 2024, an exhilarating project pipeline will unfold, accentuating the investment landscape in Angola, as recent transactions underscore promising opportunities. Anticipated highlights this year include the eagerly awaited final investment decision (FID) for the Cameia-Golfinho fields operated by Total E&P Angola. As well as the commencement of first production at the 30,000 barrels per day (bpd) CLOV Phase 3 project in Block 17 and the initiation of phase 1 of the 30,000 bpd Cabinda Oil Refinery.

Attention is not only on current developments but future projects – a testament to companies’ long-term focus on the Angolan market. In 2022, France’s TotalEnergies announced a multi-energy strategy in the country, with investments including the $850 million Begonia development in Block 17/06. In 2023, ExxonMobil announced it will invest up to $15 billion in the country’s Namibe Basin, with finance largely focused towards commercial oil discoveries. In late 2023, Azule Energy signed three Risk Service Contracts for offshore Blocks 46, 47 and 18/15; Afentra secured approval to acquire Blocks 3/05 and 23; while concessions signed for Blocks KON-2, KON-11, KON-12 and KON-16 marked the entry of new players including Inktank Group, Brite’s Oil and Gas, MTI Group and more.

Meanwhile, the country is also quickly becoming the investment destination of choice for natural gas players. With over 11 trillion cubic feet of proven resources, the development of large-scale projects is underpinned by attractive fiscal terms. The $12 billion Angola Liquefied Natural Gas project – with a capacity of 5.2 million tons per annum – showcases the commercial viability of billion-dollar gas projects. Construction of the Soyo II Combined Cycle Power Plant is kicking off this year; the Quiluma/Maboqueiro project is on track for first production in 2026; the Agogo FFD project expects first gas in 2024; while FID is expected for the Ndungu FFD. Top of FormBottom of Form

Angola has also streamlined the investment process, making it straightforward for potential investors. Through the country’s six-year licensing round – launched in 2019 – the ANPG consistently invites investment into emerging basins, attracting a wide variety of companies. In September 2023, a recent public tender was launched for 12 onshore blocks in the Kwanza and Congo basins, the results of which are expected in 2024. Through regular engagement with foreign and local companies, the country works closely to ensure mutual benefits and maximum returns. Additionally, the government is committed to strengthening the competitiveness of the domestic industry, a process that has seen the emergence of local giants such as Cabship and FAMAR, both in logistics. The government has also embarked on a process which would see NOC Sonangol transform into a global energy company by 2026. This showcases Angola’s modern and industry-focused approach to developing its resources.

Angola’s investment opportunities transcend traditional oil and gas, with the country’s renewables enticing players. A landmark green hydrogen development is on track to be developed with the aim of supplying European markets, making the project unique in the region. Significant opportunities also remain for investors interested in solar, critical minerals and wind. Global support has already been noted with the United States government and associated institutions pledging $2 billion in December 2023 towards these industries.

As such, Angola’s energy sector is ripe for investment and the AOG 2024 conference and Exhibition serves as a bridge connecting foreign companies and their Angolan counterparts. Building and expanding on discussions and deals signed at the 2023 event – seven agreements in total – the 2024 conference promises new opportunities for engagement and investment. Make the right investment: join the AOG 2024 conference today.

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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2 days ago

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July 24, 2026

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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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2 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

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2 days ago

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July 24, 2026

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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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