Connect with us

Business

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

Published

on

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.

Business

HELI Aims for #1 Position in Middle East and Africa with New Forklift Models and Strategic Investments

Published

on

Company Expands Regional Footprint, Hosts 40 Regional Partners at Exclusive Distributors’ Conference in Dubai

DUBAI, United Arab Emirates, November 22, 2024/APO Group/ — 

HELI (www.HELIChina.net), China’s leading forklift manufacturer and a global player in the material handling industry, has unveiled three new forklift models at the opening of its UAE distributor Hala’s state-of-the-art showroom and workshop in Dubai Industrial City.

This launch marks another significant step in HELI’s ongoing expansion in the Middle East and Africa (MEA) region, as the company continues its drive to become the leading forklift brand across the region.

HELI’s mission, Lifting the Future, is driven by a vision to become a global leader, and a singular aim to be ranked among the world’s Top 5 forklift manufacturers. Founded in 1958, HELI has consistently delivered innovative, intelligent logistics solutions, establishing itself as a global first-class integrator of industrial vehicles and intelligent logistics systems. With a people-oriented approach and a commitment to repaying society through high-quality products, HELI’s brand proposition—Empower the World—reflects the company’s dedication to empowering industries worldwide.

Ranked among the top ten forklift manufacturers globally since 2006, HELI’s streamlined strategies in capital, industrial, and innovation chains have fueled rapid growth. Today, HELI’s products are sold in over 150 countries, and in the MEA region, the company has already secured the leading position in 15 African countries, with an expanding presence in the Middle East. With continued investment in new product launches and strategic partnerships, HELI is on track to achieve its ambitious goal of becoming the leading forklift brand across the region.

The new HELI G Series 2.0-ton lithium battery forklift, specifically engineered for the beverage industry, was also introduced at the event. Building on the proven reliability and advanced technology of HELI’s G Series, this model incorporates several innovative features tailored to the unique demands of beverage logistics. These include a flexible adjustable cab height for enhanced operator visibility and safety, an intelligent steering system that prevents sharp turns for smoother operations, and an active safety protection system that decelerates or brakes when personnel approach danger zones, reducing workplace risks. Designed with beverage industry needs in mind, it includes features like single/double pallet forks and a 360-degree vision optimization system for better maneuverability.

The G3 Series forklifts, available in 2-3.5 Ton and 5-10 Ton models, offer key shared advantages that enhance efficiency, safety, and performance. Both models are energy-efficient, with the 2-3.5 Ton version reducing consumption by 15% and the 5-10 Ton featuring a low-noise system. They incorporate advanced safety features, such as pedestrian detection, AI-powered collision warnings, and an optional reversing camera, ensuring a safer work environment. Designed for high performance and reliability, both models require minimal maintenance and are built to handle demanding industrial tasks. The 2-3.5 Ton version offers an enhanced load capacity up to 4.5 meters, while the 5-10 Ton excels in climbing performance. Additionally, ergonomic features like reduced steering effort and low-noise operation improve operator comfort and productivity.

With the increasing focus on electrification, we are providing customers with clean energy alternatives that align with global sustainability goals

Together, the G3 Series forklifts deliver a reliable, cost-effective solution for businesses seeking safety, efficiency, and durability in their material handling equipment.

“These new models reflect HELI’s commitment to addressing the growing demand for sustainable and efficient material handling solutions in the region. With the increasing focus on electrification, we are providing customers with clean energy alternatives that align with global sustainability goals and empowering our partners to achieve #1 status in their respective markets,” said Guan Lei, General Manager of HELI Middle East FZCO.

During the showroom opening, Mathew Abraham, Managing Director of Hala, HELI’s UAE distributor, emphasized the potential of the partnership, noting, “With HELI’s world-class technology and our deep understanding of the regional market, we are well-positioned to offer comprehensive solutions, ensuring the highest standards of after-sales support and sustainability.”

HELI’s growth in the region is underscored by its ongoing investment in infrastructure. The company is currently leasing between 6,000 and 8,000 square meters of space in the Middle East to expand its service capabilities and provide quicker, localized support. These efforts are aligned with HELI’s strategic goals and reinforce its position as a key player in the material handling and logistics sectors.

At a closed-door distributors conference held this week, 40 partners from across the region gathered to discuss HELI’s product innovations and regional growth strategies. The conference highlighted the company’s vision for the future and its strong partnerships with regional distributors. The theme of the conference, “Together We Thrive, Limits We Defy,” reflected the shared ambition to work harder with determination, pushing past boundaries and striving for excellence.

Recent industry data from the World Industrial Truck Statistics (WITS) shows HELI’s growing presence in the UAE, where it is now the second-largest forklift brand. This growth, coupled with a rising shift toward electrification, further positions HELI as a leader in the MEA region. The company’s success in Africa, where it holds the #1 position in 15 countries, demonstrates the strength of its offering and its ability to meet local market needs.

Chen Xianyou, Vice General Manager of Anhui HELI Co., Ltd, emphasized, “Our continued investment in the MEA region is a testament to our long-term vision. We are focused on achieving sustainable growth, backed by our strong after-sales service network, and building lasting relationships with our regional partners.”

With its leadership position in China for 33 consecutive years and a growing footprint in the Middle East and Africa, HELI is poised to become a globally recognized brand in the material handling industry.

Distributed by APO Group on behalf of HELI.

Continue Reading

Business

West Africa Deal Summit 2024 calls for regional collaboration to unlock catalytic capital, rewards outstanding organisations

Published

on

The summit closed with an invitation to the Africa Impact Summit 2025 scheduled for June 11-12, 2025, in Accra, Ghana

LAGOS, Nigeria, November 22, 2024/APO Group/ — 

The 2024 West Africa Deal Summit (WADS) (www.WestAfricaDealSummit.org) concluded on Wednesday, with a call for more regional collaboration to mobilise catalytic capital to address West Africa’s unique socioeconomic challenges. The two-day event attended by over 400 investors, entrepreneurs, government representatives, and thought leaders, focused on building innovative financing mechanisms. 

The summit themed “Actions to Deepen Catalytic Capital in West Africa” organised by the Impact Investors Foundation, Impact Investing Ghana alongside impact investing taskforces in Burkina Faso, Senegal and Cote d’Ivoire highlighted several other priority actions in a joint statement issued at the event’s close. 

One of the highlights of the summit was the launch of two transformative reports – Catalytic Capital in Nigeria (https://apo-opa.co/3ZiaMGL) and Context Mapping and Market Landscape for Catalytic Capital in Nigeria (https://apo-opa.co/3CCKEO7),  that identified organisations deploying catalytic capital in Nigeria; spotlighted the types of investments they make and their impact; and mapped the spectrum of capital used in Nigeria. 

Catalytic capital, strong governance, regional collaboration, and innovative financing mechanisms are essential for leveraging West Africa’s potential

At the end of the two-day summit, the Impact Investors Foundation in partnership with LEAP Africa also celebrated trailblazing organisations for their meaningful contributions to environmental and social causes. Alitheia Capital Management bagged the Impact Investor of the Year 2024, FAMASI Limited was conferred with the Social Enterprise of the Year 2024 while Centre for Legal Support and Inmates Rehabilitation (CELSIR) bagged the Innocent Chukwuma Award for Social Impact, 2024.  In the Social Innovators Programme Award categories by LEAP Africa, FarmSpeak Technology and Power Wheels Electricals received the Outstanding Fellow Award; the Seyi Bickersteth Award for Financial Accountability 2024 recipient was Read To Learn Foundation while Natal Cares bagged the Innocent Chukwuma Award for Youth and Gender Empowerment 2024. 

The IIF and Nigeria Office for Philanthropy and Impact Investing (NPO) also jointly awarded the Deputy Speaker of the House of Representatives, Rt. Hon. Benjamin Kalu with the Policy Champion for Philanthropy and Impact Investing award for his role in championing Nigeria’s first-ever legislation on impact investing and philanthropy. 

Etemore Glover, CEO of the Impact Investors Foundation, highlighted the collective commitment of summit participants to accelerating efforts in building national and regional ecosystems that drive resilience and sustainable growth. 

“We, the impact investing community, commit to building national and regional ecosystems that foster sustainable growth and resilience. Catalytic capital, strong governance, regional collaboration, and innovative financing mechanisms are essential for leveraging West Africa’s potential,” she said. 

The joint statement was issued by Mirabelle Moreaux, Board Vice Chair, Impact Investing Ghana (IIGh); Etemore Glover, CEO, Impact Investors Foundation; Amma Lartey, CEO, Impact Investing Ghana; Yacouba Ouedraogo (PhD), Member, Burkina Faso Impact Investing Taskforce and Co-founder, Africa Impact Investing Partnerships Centre and Bowel Diop, Member, Senegal Impact Investing Taskforce. 

Key initiatives outlined in the joint statement include strengthening regional collaboration and Knowledge Exchange; Mobilising Local Capital; Encouraging Innovation and Collaboration for Systemic Change; Strengthening Good Governance and Capacity-Building for MSMEs; and promoting Data-Driven Design and Execution. The summit closed with an invitation to the Africa Impact Summit 2025 (https://apo-opa.co/3OleFV3) scheduled for June 11-12, 2025, in Accra, Ghana. 

Distributed by APO Group on behalf of West Africa Deal Summit.

Continue Reading

Business

How 5G Transforms Life: A Foreigner’s Journey Through East China’s Digital Revolution

Published

on

HANGZHOU, CHINA – Media OutReach Newswire – 22 November 2024 – As the 2024 World Internet Conference Summit opened in Wuzhen, Zhejiang province on November 20, showcasing China’s latest achievements in artificial intelligence and digital technology, a foreigner who has called China home for 15 years witnessed firsthand how one particular technology – 5G – is revolutionizing everyday life in this eastern province.

Yegor Shyshov, who has lived through China’s digital transformation, found himself amazed by the practical applications of 5G technology beyond mere phone services. From smart manufacturing to autonomous vehicles and remote healthcare, his journey through Zhejiang province revealed how the technology showcased at Wuzhen is already improving lives in neighboring cities.

“These applications are not just exhibition pieces – they’re already changing how people work and live,” said Shyshov, as he toured various 5G-enabled facilities across the province.

In Zhejiang’s Yiwu city, blankets are being weaved in bulk by Truelove, one of China’s leading blanket makers, under the custody of 5G-empowered AI system.

“The inspection for broken threads used to be the toughest job,” Zhang Xiaomao, a chief engineer at Truelove’s smart manufacturing sector, told Shyshov. “In cooperation with China Mobile, we rolled out the 5G+AI visual quality monitoring system, after 18 months of testing.”

The system is able to monitor the threads while they are being weaved, Zhang said, adding that it could stop a warp knitting machine when a broken thread is detected, ensuring accurate quality control.

“There are 24 cameras installed on a warp knitting machine, in short, we have installed ‘electronic eyes’ on our machine, which can realize real-time monitoring of 8,000 threads,” he said.

Upon detection of broken threads, the system automatically halts production, reducing defects by 90% while processing 40 million images daily. The efficiency gains are remarkable: one worker can now manage 12 machines, triple the previous capacity of four.

While the 5G buildout brought revolution in industries, it can be better felt in people’s daily life, as phone service has long become a modern necessity. However, 5G is ready to make big changes in areas beyond that little plate of screen.

Some self-driving mini shuttle buses are currently on its trial operation around the Jinyi Lake in Jinyi New District, Jinhua city.

Shyshov went to take one of the buses — the 5.8-meter-long vehicle has eight passenger seats and can travel at a speed of 20 km/h. It is installed with five LIDAR (Light Detection And Ranging) and five cameras, which enable it to give way to pedestrians if detected, and bring itself to halt upon reaching designated stops.

While the vehicle drives itself, a safety staff sits at the driver’s cab to ensure safe operations. These vehicles are currently on trial service for now, providing transport between seven stops along a 6.5-kilometer-long loop within a limited area

Continue Reading

Trending

Exit mobile version