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Angola’s Block 17 Partners Sign License Extension, Signaling Commitment to Increasing Offshore Production

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Block 17

The Block 17 production sharing extension secures Angola’s oil future, highlighting the country’s commitment to maximizing legacy fields, sustaining production and encouraging global investment in upstream oil

CAPE TOWN, South Africa, June 12, 2025/APO Group/ –Energy major ExxonMobil, alongside partners TotalEnergies (operator), Equinor, Azule Energy and Sonangol – has signed a production sharing contract (PSC) extension for Block 17, situated offshore Angola. Securing the long-term future of one of the country’s most productive oil assets, the extension marks a major milestone in Angola’s efforts to sustain oil production above one million barrels per day.

The African Energy Chamber (AEC) – serving as the voice of Africa’s energy sector – fully supports this extension as a vital move to unlock continued value from legacy assets and stimulate reinvestment in mature fields. By extending the license of mature assets, reinvesting in producing blocks and eyeing new opportunities offshore Angola, major operators stand to accelerate the country’s oil and gas growth while unlocking greater returns in deepwater basins.

Block 17 is one of Angola’s most prolific and strategically important offshore assets. Home to world-class developments such as Dalia and CLOV, the block has been a cornerstone of Angola’s oil output for over two decades. The extension of the PSC ensures that existing infrastructure and expertise continue to generate value for Angola, reinforcing the significance of mature fields in driving production and attracting investment.

As ExxonMobil continues to lead on legacy asset optimization and frontier exploration, the AEC stands firmly in support of this agreement extension

The AEC sees this agreement as a clear commitment by ExxonMobil and its partners to maximizing existing resources while deploying advanced technologies to enhance recovery. Under the leadership of Katrina Fisher, Managing Director of ExxonMobil Angola, the company has demonstrated a forward-looking approach, aligning with national priorities to maintain and increase oil production. Projects like CLOV and Dalia highlight how mature assets, when paired with innovation and strategic investment, can remain competitive. Meanwhile, beyond Block 17, ExxonMobil’s work in the Namibe Basin, including frontier exploration across Blocks 30, 44 and 45, illustrates a dual-track strategy of sustaining mature fields while pursuing new discoveries. This balanced approach strengthens Angola’s upstream landscape and ensures resilience amid global energy transitions.

As such, the AEC also applauds the collaborative nature of the PSC extension. TotalEnergies, as operator of Block 17, has built a legacy of operational excellence alongside ExxonMobil and other major stakeholders. Such cooperation between international oil companies and Angola’s government entities is essential for long-term sectoral growth and investment stability. Chevron’s recent signing of risk service contracts for ultra-deepwater Blocks 29 and 50 further underscores the sustained confidence global energy majors place in Angola’s hydrocarbon potential. These developments, combined with ExxonMobil’s Block 17 extension, signal a broader trend: mature fields are not in decline – they are being revitalized.

“As ExxonMobil continues to lead on legacy asset optimization and frontier exploration, the AEC stands firmly in support of this agreement extension. It is a critical step in reinforcing Angola’s position as a top-tier African oil producer and ensuring continued economic benefit for its people,” states NJ Ayuk, Executive Chairman, AEC. “The AEC remains dedicated to championing policies and partnerships that enable energy independence, maximize resource value and foster inclusive development across the African continent.”

Distributed by APO Group on behalf of African Energy Chamber

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Canada–Africa Financing Forum to Convene Investors and Decision-Makers in Cape Town – May 14, 2026

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Ateau Zola

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships

TORONTO, Canada, April 29, 2026/APO Group/ –The Canada–Africa Chamber of Business (https://CanadaAfrica.ca) will convene investors, financiers, policymakers, and industry leaders in Cape Town on May 14, 2026 for the Canada–Africa Financing Forum—a high-level platform focused on unlocking capital and accelerating deal flow across African markets.

Registration is open (http://apo-opa.co/4vZN6oV)

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships. The program connects leaders from venture capital, private equity, and institutional investors to examine where capital is moving—and where the next opportunities lie—supported by Canadian project partners with proven capacity to deliver on-the-ground.

Delegates will engage directly with finance and investment decision-makers, following the program opening, featuring messages from President Cyril Ramaphosa and Prime Minister Mark Carney, in addition to high-level Ministerial representation.

This Forum is about capital deployment, not just conversation

“This Forum is about capital deployment, not just conversation,” said Garreth Bloor, President of the Canada–Africa Chamber of Business. “We are convening investors, institutions, and project leaders who are actively shaping transactions across Africa—and connecting them directly with Canadian partners who are ready to work together.”

The Canada–Africa Financing Forum reflects the Chamber’s role as a privately financed, market-led platform advancing Canada-Africa trade and investment through world-class networking and information-sharing events.

Why Attend

  • Direct access to active dealmakers and capital allocators
  • Insights into where capital is being deployed and key players delivering major projects
  • Opportunities to build partnerships across Canada and African markets
  • Participation in a curated, high-level environment focused on execution

Secure Your Place

Space is limited and demand is strong.

Apply to secure your place (http://apo-opa.co/4vXb9oz)

Read More and View the Program (http://apo-opa.co/4vZN6oV)

Distributed by APO Group on behalf of The Canada-Africa Chamber of Business.

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ORUN and 1xBET Partner to Support a Dynamic Creative Africa

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MIR Holding

During the MASA 2026 edition, held from April 11 to 18, 2026, ORUN and 1xBET implemented the We Champion Talent program, an initiative aimed at promoting African talent and advancing the development of Cultural and Creative Industries (CCIs)

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –As part of the Innovation Village co-organized with MASA at the Palais de la Culture in Abidjan from April 14 to 18, ORUN (https://ORUN.Africa) announces the rollout of its partnership with 1xBET to support a creative Africa that is structuring itself, professionalizing, and scaling across the continent.

We aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency

Designed as a space of convergence between heritage, innovation, and knowledge transmission, the Innovation Village features scenography crafted by Ivorian artisans, a program of panels and masterclasses on creative industries, an immersive experience produced by Orun Studios, and a major institutional highlight on April 17. Its narrative platform is built around three pillars: memory, structure, and transmission. The initiative aims to position cultural and creative industries as an economic driver for the continent.

“The Innovation Village was conceived as an act of construction. By partnering with organizations such as 1xBET, we aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

This vision aligns with ORUN’s broader ambition to produce, structure, and internationalize African creative industries through events, content, and strategic partnerships.

Distributed by APO Group on behalf of ORUN, part of African Currency Network (ACN).

 

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MIR Holding Reaffirms Its Commitment to African Creative Industries Alongside ORUN at Marché des Arts du Spectacle Africain d’Abidjan (MASA) 2026

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MIR Holding

More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –On the occasion of MASA 2026, held from April 11 to 18 in Abidjan, MIR Holding (https://MIRHolding.odoo.com) reaffirmed its commitment to supporting the growth of African creative industries by partnering with ORUN as part of the Innovation Village, hosted at the Palais de la Culture in Abidjan. This presence reflects a clear intention to support the scaling of cultural and creative industries so they can fully contribute to job creation and value generation across the continent.

 

Co-organized by ORUN and MASA, the Innovation Village brought together over several days scenography designed by Ivorian artisans, a program of panels and masterclasses dedicated to creative industries, an immersive experience produced by Orun Studios, and a key institutional highlight on April 17.

At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains

Built around three pillars — memory, structure, and transmission — the initiative carried a renewed ambition for culture: positioning it as a concrete lever for economic structuring and African projection.

By supporting this initiative, MIR Holding aligns with a broader dynamic aimed at strengthening connections between creation, entrepreneurship, content, youth, and growth ecosystems. More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures. MIR Holding stands among the main partners of the Village, alongside Africa Currency Network and other stakeholders engaged in this vision.

“With ORUN, we are not only seeking to make culture visible. We aim to help provide it with a framework, a reach, and a trajectory. What is at stake here is the continent’s ability to better transform its creative energy into sustainable value, real opportunities, and influence,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

Mouhamed Dieng, President of MIR Holding, added: “Supporting Africa’s creative industries is not about backing a secondary sector. It is about investing in one of the continent’s most powerful spaces for storytelling, youth, innovation, and competitiveness. At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains.”

Distributed by APO Group on behalf of MIR Holding.

 

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