Connect with us
Anglostratits

Business

Angola’s Upstream Reform Offers a Blueprint for South Africa’s Emerging Hydrocarbon Market

Published

on

African Energy Chamber

South Africa’s recent regulatory steps echo Angola’s reform playbook at a moment when global exploration interest demands follow-through

JOHANNESBURG, South Africa, July 6, 2026/APO Group/ –South Africa has entered a critical phase in its upstream development. With new petroleum legislation in place, a national petroleum company established and the Karoo shale gas moratorium lifted, the country has taken important steps toward unlocking its oil and gas potential. The key question now is whether South Africa can translate policy momentum into investment, and Angola’s reform experience provides a practical roadmap for doing so.

 

In Crude Oil: Power, Turnaround and Transformation in Angola, NJ Ayuk, Executive Chairman of the African Energy Chamber, documents how coordinated legal, fiscal and structural reform reversed years of production decline in the country. The two countries operate in different contexts: Angola reformed a mature producing sector while South Africa is working to establish one. There is, however, a transferable lesson in the sequencing and institutional commitment that made Angola’s reforms effective.

Angola Prioritized Structural Reform
When President João Lourenço took office in 2017, his administration conducted a 30-day sector review that led to sustained regulatory change. The newly-established National Agency for Petroleum, Gas and Biofuels (ANPG) took over upstream regulation, a function previously housed within state oil company Sonangol alongside its commercial portfolio. This coincided with the creation of a dedicated downstream regulator, Instituto Regulador dos Derivados do Petróleos, strengthening governance across the entire hydrocarbon value chain.

On a policy front, the 2018 Natural Gas Law gave Angola its first standalone framework for gas exploration and commercialization across an estimated 11 trillion cubic feet of reserves. The Permanent Offer Regime, introduced in 2021, opened acreage for negotiation on a rolling basis rather than through periodic bid rounds, resulting in 27 block awards. Following that, the Incremental Production Law came into effect in November 2024 and targets recovery of an estimated 500 million barrels from mature assets while extending their productive life by as much as 20 years.

These reforms offer critical lessons for countries such as South Africa

These reforms quickly yielded strong results. Foreign direct investment rose by $2.59 billion in the same year Angola improved from 167th to 146th on Transparency International’s Corruption Perceptions Index. Hydrocarbon production has now been sustained above one million barrels per day, while $70 billion in planned upstream investments signal rising international confidence in Angola’s oil and gas opportunities.

“Angola’s regulatory reforms demonstrate that political will, matched with clear fiscal and legal frameworks, can transform an upstream sector within a single policy cycle. These reforms offer critical lessons for countries such as South Africa, which has the opportunity to be a first-mover in establishing a strong regulatory environment,” states Ayuk.

South Africa’s Regulatory Window is Open
South Africa has begun moving in a similar direction. The Upstream Petroleum Resources Development Act (UPRDA) was enacted in late 2024, consolidating upstream licensing and establishing a 20% mandatory carried interest for the state. The South African National Petroleum Company (SANPC) launched in May 2025, merging PetroSA, iGas and the Strategic Fuel Fund. In October 2025, the government lifted a 13-year moratorium on shale gas exploration in the Karoo Basin – estimated to contain up to 300 trillion cubic feet of shale resources.

The challenge for South Africa is implementation. Environmental litigation has blocked or delayed offshore exploration by TotalEnergies and Shell since 2022. In August 2025, the Western Cape High Court rescinded the environmental authorization for Block 5/6/7 off the southwest coast. The Brulpadda and Luiperd gas-condensate discoveries in the Outeniqua Basin, which an FTI Consulting analysis estimates could contribute up to R25 billion per year to the balance of payments, remain undeveloped.

Angola’s experience suggests that legislative reform alone does not produce investment outcomes. The country’s upstream investment trajectory followed from how quickly and consistently those reforms were applied – from the ANPG’s operational launch through to the rolling award of blocks under the Permanent Offer Regime.

With the UPRDA, the SANPC and the Karoo moratorium lift, South Africa has put its own legislative foundation in place. Whether it can match that pace of execution will determine if the current wave of exploration interest in southern Africa’s offshore basins finally extends south of the Namibian border.

Distributed by APO Group on behalf of African Energy Chamber.

Energy

United States (U.S.) Broadens African Energy Push as Volz Brings Washington to African Energy Week (AEW) 2026

Published

on

African Energy Chamber

From LNG finance in Mozambique to grid technology and clean cooking, U.S. government agencies and companies are expanding their engagement with African energy markets as Department of Energy official Josh Volz prepares to join African Energy Week 2026

CAPE TOWN, South Africa, October 2, 2026/APO Group/ –The United States is widening its engagement with Africa’s energy sector, combining government-backed finance, technology partnerships and private-sector investment across markets from Mozambique and Nigeria to Kenya, Uganda and the Democratic Republic of the Congo. Josh Volz, Deputy Assistant Secretary for Europe, Eurasia, Africa and the Middle East at the U.S. Department of Energy, will bring that agenda to African Energy Week 2026 in Cape Town from October 12-16.

 




  

Volz returns to AEW as Washington’s engagement with African energy markets increasingly spans both hydrocarbons and electricity infrastructure. In April, the U.S. Trade and Development Agency brought energy decision-makers from the DRC, Ethiopia, Kenya and Uganda to the U.S. to meet American companies working on transmission and distribution technologies, including AI-enabled grid systems. The program was designed to connect U.S. technology providers with prospective projects and procurement opportunities in African power markets.

Mozambique illustrates the scale that U.S. financing can bring to an African gas project. In March 2025, the U.S. Export-Import Bank approved a nearly $5 billion loan for TotalEnergies’ Mozambique LNG development, reviving a financing package for the long-delayed project. The original $4.7 billion commitment had been approved during the first Trump administration but required reapproval after construction was suspended in 2021. Meanwhile, ExxonMobil and its Area 4 partners awarded approximately $1.1 billion in pre-investment contracts for long-lead equipment and early construction activities at the Rovuma LNG project in August.

Development finance is another part of the equation. The U.S. International Development Finance Corporation’s investment ceiling rose from $60 billion to $205 billion following its 2025 reauthorization, while the agency gained expanded authority covering international investments in strategic sectors including energy and critical minerals. The new authorization runs through 2031.

The DFC is better resourced than it has ever been, making this an opportune moment for African operators to make their case

The DFC has also continued to approve new transactions in Africa in 2026. On September 16, the agency announced more than $8 billion in new investments globally, including projects supporting infrastructure and resources across Africa, as part of an effort to promote U.S. exports, energy security and American technology.

U.S. companies such as GE Vernova are active across African power markets, providing generation, transmission, grid and software technologies. The company says its technology is installed in more than 50 countries across the Middle East and Africa; in Nigeria alone, its equipment is installed across more than 40 sites, while its grid technology has also supported regional integration through the West African Power Pool.

Energy access is another emerging strand of Washington’s engagement. U.S. Secretary of Energy Chris Wright co-chaired the July 2026 high-level summit on clean cooking in Africa alongside Kenyan President William Ruto, Norway and the International Energy Agency. The meeting produced $900 million in new commitments, taking total commitments since the 2024 Africa Clean Cooking Summit to more than $3.1 billion. Wright described clean cooking as a major but often overlooked energy-access challenge.

Volz has previously argued that African countries should determine their own energy pathways while the United States looks for ways to partner with them. Speaking at AEW 2025, he said: “International governments should not stand in the way of how African nations determine their energy futures. We are eager to hear how best we can, from a U.S. perspective, partner with Africa.” He also pointed to $65 billion in existing U.S. private-sector investment in Africa and a $2.5 billion U.S. government pledge to support energy expansion.

That approach will have a substantial U.S. presence at AEW 2026. The current program confirms Volz alongside U.S. Senator Ted Cruz, United States Energy Association President and CEO Mark W. Menezes and DFC Managing Director and Regional Head of Africa Vibhuti Jain, among other U.S.-linked executives and policymakers. Jain will also participate in the dedicated U.S.-Africa Energy & Investment Forum on October 14, which will bring together U.S. and African companies, investors and policymakers to discuss capital, technology and commercial partnerships.

“The DFC is better resourced than it has ever been, making this an opportune moment for African operators to make their case. This conference is about making sure the capital and the projects actually find each other,” said NJ Ayuk, Executive Chairman of the African Energy Chamber.

For African energy markets, the expanding U.S. role reaches across project finance, LNG, upstream development, electricity infrastructure, grid technology and clean cooking. Volz’s participation at AEW 2026 comes as those relationships increasingly move from broad policy discussions toward individual projects, commercial partnerships and technology deployment across the continent.

Distributed by APO Group on behalf of African Energy Chamber.

 




 

Continue Reading

Business

How Liberia’s Harper Basin Is Emerging as West Africa’s Next Deepwater Frontier

Published

on

Liberia

The Harper Basin’s advancing exploration program is de-risking Liberia’s premier frontier basin, positioning TotalEnergies and BluEnergies for frontier deepwater drilling success

CAPE TOWN, South Africa, October 2, 2026/APO Group/ –Liberia’s Harper Basin is emerging as one of West Africa’s most compelling frontier exploration opportunities, attracting investment from TotalEnergies and BluEnergies as advanced subsurface studies progressively reduce geological uncertainty across three deepwater offshore blocks.

 




  

The basin remains undrilled despite sharing geological characteristics with some of Africa’s largest and latest deepwater plays. As seismic, geochemical and seabed datasets converge, the question now is whether that technical progress will translate into a commercially viable petroleum province?

Frontier Basin Moves Toward Drill-Ready Status

The Harper Basin covers Blocks LB-26, LB-30 and LB-31 under Reconnaissance License RL-003, spanning approximately 8,924 km2 offshore Liberia. TotalEnergies operates the project with a 65% interest alongside BluEnergies, which retains 35%.

The partnership formalized in January 2026 through a joint study and application agreement after BluEnergies secured an early position in the basin during 2023 and advanced independent prospect evaluation.

An independent prospective resource assessment completed in March 2025 estimated unrisked prospective resources of approximately 17.9 billion barrels of oil and 28.8 trillion cubic feet (tcf) of natural gas across seven mapped basin-floor fan systems.

Current work centers on reprocessing 6,167 km2 of legacy 3D seismic data using energy data and intelligence firm TGS. The program recently surpassed 50% completion, delivering improved subsurface imaging and enhanced amplitude versus offset analysis to identify potential hydrocarbon-bearing reservoirs.

Parallel offshore operations began on June 19, 2026, with subsurface specialists GeoPartners deploying the research vessel R/V GYRE, operated by TDI-Brooks, to survey approximately 4,045  km2 in water depths between 500 and 3,500 meters.

The campaign combines multibeam echo sounder mapping, water-column imaging, piston coring and heat-flow measurements. These datasets identify seepage pathways, characterize source-rock maturity and improve confidence in future drilling locations before integration during Q4 2026.

The Jubilee field in Ghana,the Venus field in Namibia and the recent discoveries offshore Ivory Coast have proven the significance of basin floor fan plays along the African margin

Once economically viable anomalies are finalized, TotalEnergies and BluEnergies plan to exercise their rights to convert the reconnaissance license into long-term PSCs by late 2026 or in 2027. This step legally locks in the drilling rights, positioning the partners to advance toward exploration drilling, subject to prospect maturation, regulatory approvals and investment decisions

Geological Analogues Strengthen Exploration Case

Unlike Liberia’s historically explored offshore basin, the Harper Basin occupies a structurally confined transform-margin embayment bounded by major fracture zones that concentrate sediment delivery into thick basin-floor fan complexes.

These Cretaceous-aged Cenomanian and Turonian fan systems are considered direct geological analogues to producing and discovered deepwater plays along the West Africa Transform Margin.

BluEnergies has identified seven discrete basin-floor fan complexes interpreted from seismic data. The current technical program seeks to validate reservoir quality before progressing toward production sharing contracts and exploration drilling.

Vice President of Exploration Sergio Laura says recent licensing activity across the West African margin reinforces BluEnergies’ early entry into Harper Basin, explaining in a press release, “The Jubilee field in Ghana, the Venus field in Namibia and the recent discoveries offshore Ivory Coast have proven the significance of basin floor fan plays along the African margin.”

Unlike earlier Liberian exploration focused primarily on structural traps, the Harper Basin targets stratigraphic pinch-out reservoirs sealed beneath regional marine shales, reducing reliance on fault-dependent trapping mechanisms that limited historical exploration success.

If the current technical program confirms reservoir quality, Liberia could move from being one of West Africa’s least explored offshore jurisdictions to one of its most closely watched frontier plays. With TotalEnergies providing technical expertise and BluEnergies holding an early strategic position, the next milestone is no longer identifying prospects—but determining whether they justify Liberia’s first deepwater exploration wells.

The Harper Basin’s progress comes as Liberia seeks to attract new investment through its 2026 Offshore Direct Negotiation Licensing Round, highlighting the country’s broader offshore potential and growing exploration momentum.

 

The Launch of the Liberia 2026 Offshore Direct Negotiation Licensing Round – organized by Energy Capital and Power – will take place at African Energy Week (AEW) 2026 on October 14 at The Orchid, CTICC 2. Visit, https://apo-opa.co/4rMJlS7 for more information.

 

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

 

 




 

Continue Reading

Business

Alamein Africa Forum 2026: Live Coverage on Africa24

Published

on

AFRICA24 Group, the continent’s leading TV and digital media group, available in 120 million households, is deploying an optimal set-up to provide full coverage of the ALAMEIN AFRICA FORUM 2026

AFRICA24 Group (www.AFRICA24Group.com) brings you full coverage, live from Al Alamein (Egypt), from 2 to 4 October 2026, of the first edition of the Alamein Africa Forum, a biennial forum co-organised by the Government of Egypt, the African Export-Import Bank (Afreximbank) and the African Union Development Agency (AUDA-NEPAD).

Al Alamein, Egypt’s fourth new city, is hosting Heads of State and Government, senior political figures, leaders of financial institutions, private sector players and institutional investors, on the sidelines of the African Union’s second 2026 annual high-level coordination meeting.

 




  

The Alamein Africa Forum is a leading economic and political event for the continent and for entrepreneurial boldness. The vision of African sovereignty championed by the Afreximbank Group, a major partner, is reflected in plenary sessions, sector panels, closed-door roundtables and B2B/B2G meetings dedicated to the key drivers of Africa’s transformation: infrastructure, energy, digital transformation, manufacturing, critical minerals, health markets and intra-African trade.

AFRICA24 GROUP, TV MEDIA PARTNER AND LEADER OF THE AFRICAN NARRATIVE TOLD BY AFRICANS

In a rapidly changing global context marked by the promotion of the African narrative by Africans, AFRICA24 Group is the exclusive TV partner and a pillar of the Alamein Africa Forum. Through its unique coverage, AFRICA24 Group showcases a strategic continental platform designed to turn the African Union’s Agenda 2063 into tangible economic results.

360° continental and global broadcasting with AFRICA24

AFRICA24 Group, the continent’s leading TV and digital media group, available in 120 million households, is deploying an optimal set-up to provide full coverage of the ALAMEIN AFRICA FORUM 2026:

  • Live broadcasts of the opening ceremonies, economic forums and thematic panels, with our special correspondents;
  • Exclusive interviews with political decision-makers, leaders of financial institutions, investors and young African leaders attending in New Alamein;
  • Immersive reports from all sessions and side events.

With AFRICA24 Group, together, let’s transform Africa

Distributed by APO Group on behalf of AFRICA24 Group.

 

 




 

Continue Reading

Trending