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Azule Energy Targets 250,000 Barrels Per Day (BPD) – Chief Executive Officer (CEO) to Share Angolan Vision at African Energy Week (AEW) 2025

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Azule Energy

Adriano Mongini, CEO of international energy company Azule Energy, has joined the African Energy Week (AEW) (www.AECWeek.com): Invest in African Energies 2025 conference – taking place September 29 to October 3 – as a speaker. As Angola’s largest independent equity producer of oil and gas, Azule Energy is spearheading a series of large-scale projects in the country, from oil exploration to innovative FPSOs to non-associated gas and LNG. As the company advances its 2025-2028 project pipeline, Mongini’s participation at AEW: Invest in African Energies 2025 will offer key insights into the state of play of Angola’s oil and gas industry.

Targeting increased oil production, Azule Energy is making strides towards expanding capacity at major offshore projects. Notably, the company is preparing to start operations at the Agogo FPSO in the second half of 2025, bringing an additional 120,000 barrels per day (bpd) to the market. The vessel will be situated at the Agogo Integrated West Hub Development in Block 15/06 and will complement the operational Ngoma FPSO. The Agogo vessel features a combined cycle power generation unit with advanced electrification and digital automation, a sea water-driven turbine generator, and a vapor recovery unit to eliminate flaring. As of May 2025, the vessel had arrived in Angolan water, six months ahead of schedule. At AEW: Invest in African Energies 2025, Mongini is expected to provide an update on the project, including its role in supporting Angolan production growth.

By balancing offshore oil production with non-associated gas development, the company is supporting the creation of a diversified, strengthened energy system in the country

AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit https://apo-opa.co/3Z9AwEY for more information about this exciting event.

Beyond the Agogo FPSO, Azule Energy is developing the country’s first non-associated gas project as operator of the New Gas Consortium – comprising Cabinda Gulf Oil Company, Sonangol P&P and TotalEnergies. The project partners completed the offshore platforms for the project in February 2025, targeting a late-2025 or early-2026 production start. The non-associated project will harness gas resources from the Quiluma & Maboqueiro (Q&M) shallow water fields. An onshore facility will process the gas, connecting to the country’s sole LNG facility in Soyo. The project falls under broader efforts by the country to enhance gas monetization and LNG production. Currently, the Angola LNG facility in Soyo utilizes gas from associated projects. With the New Gas Consortium’s project, the facility will be able to increase output and facilitate greater exports.

With plans to increase crude production to 250,000 bpd by 2027, Azule Energy is optimizing production across its existing asset portfolio. The company currently produces 210,000 bpd, and while upcoming projects will boost output, operational assets continue to play a major part in supporting the country’s energy goals. Azule Energy has four deepwater FPSOs across its operated blocks, while gas accounts for 20% of its equity hydrocarbon production. The company’s portfolio comprises 18 licenses, 11 of which are operated. In 2024, the company also made its foray into the Namibian oil and gas market, finalizing a strategic farm-in deal for Block 2914A in Petroleum Exploration License (PEL) 85. Representing the company’s first international acquisition, the deal enables the company to leverage its success in Angola to unlock discoveries in Namibia. For its part, the country is targeting first oil production by 2029 following major discoveries made in the Orange Basin – home of PEL 85. At AEW: Invest in African Energies 2025, Mongini is expected to outline the company’s strategic investment agenda, including upcoming projects, future prospects and regional plans.

“Azule Energy’s diversified oil and gas portfolio reflects the broader goals of Angola as well as the role international energy companies play in Africa. By balancing offshore oil production with non-associated gas development, the company is supporting the creation of a diversified, strengthened energy system in the country. By taking its expertise to regional markets, Azule Energy is working towards a more resilient energy sector across the wider southern African landscape,” stated Tomás Gerbasio, VP Commercial and Strategic Engagement, African Energy Chamber.

Distributed by APO Group on behalf of African Energy Week (AEW).

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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