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Angola’s Oil Sector to Stimulate Agricultural Development

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agriculture

Angola is well-positioned to utilize its immense oil wealth to promote economic diversification and stimulate the development of the agriculture sector

LUANDA, Angola, July 21, 2023/APO Group/ — 

With Angola’s oil and gas products making up more than 90% of the country’s exports and accounting for up to $39.94 billion in revenue in 2022, the southern African country’s oil and gas sector is poised to serve as a leading catalyst in growing and diversifying its economy. In an attempt to accelerate economic diversification, private investment and local content development, Angola has sought to create a more favorable business environment for micro-, small-, and medium-sized enterprises to participate in transforming the country into a private sector-led model that is both inclusive and climate resilient.

As such, Angola’s Minister of Finance, Vera Daves de Sousa, has indicated that the country’s oil sector will enable significant improvements in agriculture, fisheries, and industry.

In 2021, agriculture accounted for approximately 9.5% of Angola’s GDP while providing employment to just under half (46%) of the country’s population. Boasting a diverse and fertile ecology, Angola holds the potential to become one of the leading agricultural producers on the continent. The country’s arable land is well-suited to a variety of crops and livestock including cassava, bananas, potatoes, corn, sweet potatoes, citrus and pineapples. Despite its potential, however, Angola currently cultivates a mere 10% of its 350,000km2 of arable land, with an estimated 88% of the country’s farms serving as small to medium in size and mainly used for subsistence farming.

Boasting a diverse and fertile ecology, Angola holds the potential to become one of the leading agricultural producers on the continent

In recent years, Angola’s vulnerability to climate change has exacerbated the need for the country to adapt its agricultural sector to support resilience and adaptation. As such, the Government’s Angola Commercial Agriculture Project, which is co-financed through international financial institution the World Bank as well as public financial institution the French Development Agency, will mobilize up to $230 million to increase agricultural productivity and market access for more commercial farms in the country. As of 2023, the Project’s interventions have resulted in the approval of 25 business plans to the tune of $7.7 million as well as the issuance of 16 partial credit guarantees for the agricultural sector, resulting in over $1 million in local investment.

What’s more, the World Bank approved the $300 million Smallholder Agricultural Transformation Project in 2022, which is set to expand Angola’s efforts to transition towards climate-resilient farming. The purpose of the project is to increase agricultural production while supporting smallholder farmers to adopt climate-smart agricultural techniques. Furthermore, the project will ensure agricultural surplus to sell to local markets while strengthening water resource management in the country.

In conjunction, these initiatives are poised to increase resilience, food security and overall nutrition while reducing the sector’s environmental footprint and the country’s dependence on imports. Angola currently imports approximately 150,000 tons of wheat flour per year. As such, Angola’s Credit Support Program has provided financing worth $20 million to Angolan processing company Induve to construct a wheat mill capable of processing an average of 255,000 metric tons of wheat per year.

Increasing urbanization, improvements in infrastructure, and an increase in imported product availability are driving rapid developments in Angola’s agricultural landscape, with various strategic elements such as political stability, high hydrocarbon and mineral wealth, and access to large, populous markets serving to transform the country’s agricultural sector into an attractive market for international investors.

On the precipice of this industrial and socioeconomic transformation, this year’s Angola Oil & Gas 2023 conference and exhibition (https://apo-opa.info/3PTENZ0) – which is organized by Energy Capital & Power – is set to usher in a new wave of international investment and ambitious development opportunities. Taking place in Luanda from 13-14 September 2023, this monumental event will unite African energy and petroleum ministers, global investors, and energy leaders for two days of panel discussions, exhibitions, and deal-signing opportunities, accelerating the growth of the country’s multi-faceted energy industry.

Distributed by APO Group on behalf of Energy Capital & Power

Business

Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

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

 

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Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

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Etu Energias

As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

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

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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Energy

The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

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

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