Already holding a prominent position within Angola’s oil sector, Etu Energias has implemented a series of 2030 goals centered around strengthening production at mature assets, restoring production and exports at onshore acreage, participating in ‘golden blocks’ and establishing partnerships with international players. These align closely with its own target of reaching 80,000 barrels per day (bpd) by 2030 while supporting Angola’s goal of sustaining output above one million bpd in the long-term. Recent milestones reflect these ambitions.

In May 2026, the company – alongside partners Poliedro, Kotoil, Falcon Oil and Prodoi – completed drilling and testing operations at the Espadarte 7ST2 well at Block 2/05 in the Lower Congo Basin. Initial tests showed stabilized production at around 2,000 bpd and 2,500 bpd, reinforcing the commercial viability of the Greater Espadarte – the last development area of the block. The partners are planning to drill one more appraisal well before finalizing the development plan.

At the same time, Etu Energias has continued to strengthen its offshore portfolio through strategic acquisitions. In March 2026, the company acquired a 20% and 10% stake in Block 14 and 14K respectively through a $310 million transaction. The deal was financially backed by Chariot and Shell Western Supply and Trading and marks another step in the company’s transformation from a domestic producer into a more diversified upstream player with exposure across multiple basins and production environments.

Beyond upstream projects, Etu Energias continues to expand its downstream portfolio through the development of service stations across the country. In the local content space, the company invests extensively in workforce development, education and skills transfer. This month, Etu Energias announced the first results of its STEM Program – spearheaded by ADPP Angola with the support of Etu Energias, the National Oil, Gas & Biofuels Agency and its Block 2/05 partners. The $412,000 program strengthens technical and scientific education in the country, with more than 8,000 students set to benefit by 2028.

As a Champion Sponsor of AOG 2026, Etu Energias will join government officials, operators, financiers and technology providers in Luanda to discuss the future of Angola’s oil and gas sector. Taking place at a pivotal moment for the country’s upstream industry, the conference serves as a platform for advancing investment, strengthening partnerships and supporting the exploration and redevelopment activities needed to sustain Angola’s long-term production goals.

Against this backdrop, SNPC Director General Maixent Raoul Ominga has been confirmed as a speaker at African Energy Week (AEW) 2026, taking place in Cape Town from October 12–16. His participation comes at a pivotal moment for Congo’s hydrocarbons sector as SNPC advances major gas monetization projects, upstream expansion plans and corporate restructuring aimed at attracting international capital and strategic partnerships.

Under Ominga’s leadership, SNPC has accelerated its transformation from a passive state asset holder into a more operationally focused national oil company. A late-2025 presidential decree expanded and consolidated SNPC’s strategic role within Congo’s energy sector. The company has also launched a five-year digital modernization program designed to improve transparency, auditing and financial oversight.

Operationally, SNPC is expanding aggressively across both upstream oil and gas developments. The company launched a $158 million drilling bond to support onshore campaigns and has assumed operatorship of strategic assets including the Kouakouala field. Ongoing investments across the Nanga I, Zingali II and Le Mayombe II permits are expected to support production growth while helping offset declines at major fields.

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Gas monetization remains central to SNPC’s long-term strategy, with Congo LNG delivering its first export cargo to Italy through the Tango FLNG facility. Meanwhile a second FLNG unit is under development to raise national LNG capacity to around 3 million tons per annum. At Banga Kayo, SNPC and partner Wing Wah are advancing flare-reduction projects that convert associated gas into LPG, propane and butane for domestic markets.

The company is also strengthening offshore partnerships to unlock new reserves. Recent agreements with TotalEnergies and QatarEnergy on the Enzombo deepwater block aim to expand exploration activity offshore Pointe-Noire. Separately, TotalEnergies recently confirmed a hydrocarbon discovery at the Moho license, where recoverable resources across the Moho G and Moho F structures are estimated at close to 100 million barrels.

“Ominga’s participation at African Energy Week 2026 comes at a defining moment for Congo’s energy sector as SNPC accelerates its transformation into a stronger, more operationally driven national oil company. AEW will provide a critical platform for SNPC to engage directly with investors, operators and policymakers on the next phase of Congo’s growth strategy,” says NJ Ayuk, Executive Chairman, AEC.

SNPC is targeting longer-term production growth toward 500,000 barrels per day while pursuing new licensing rounds, refinery modernization through its SOCAR partnership and additional FLNG developments designed to position Congo among Africa’s premier gas economies.

Nigerian oil and gas company Petroli Energy will participate as a Silver Sponsor at African Energy Week (AEW) 2026, scheduled for October 12–16 in Cape Town. Their sponsorship underscores the firm’s expanding regional footprint across upstream exploration, trading and transitional energy services, alongside growing engagement with African investment platforms in line with its long-term growth strategy.

AEW 2026 is Africa’s premier upstream investment platform, convening policymakers, operators and financiers to accelerate oil, gas and power development across the continent. The 2026 edition is set to delve deep into gas-to-power expansion, data infrastructure energy demand and transaction-oriented dealmaking, positioning Cape Town as a key hub for energy capital flows.

Petroli Energy is currently advancing its upstream strategy amid accelerating divestments by international oil companies across West Africa, with independents capturing mature onshore assets and production gaps. The company is scaling joint operations and deploying geophysical technologies to reduce exploration risk while strengthening regional supply resilience in structurally underinvested markets.

In December 2024, Petroli Energy completed contracting for its PPL 269 license following its December 2024 bid win under the Nigerian Upstream Petroleum Regulatory Commission’s licensing round. The block, secured after competitive bidding against oil and gas explorer Afagaf Company, is now entering seismic interpretation and early-stage technical development phases.

Through its international trading arm, Petroli Energy (BVI), and a strategic partnership with the Emirates National Oil Company, the group maintains a ship-to-ship logistics network across the Gulf of Guinea. This infrastructure supports large-scale distribution of gasoline, jet fuel, diesel and LPG, reinforcing its downstream trading and storage capabilities.

“Participation at African Energy Week 2026 is where capital meets opportunity across Africa’s energy future. Companies like Petroli Energy are essential in turning licensing rounds into real production and real infrastructure. Their presence signals confidence in African-led development and the continent’s ability to monetize its resources responsibly,” says NJ Ayuk, Executive Chairman, African Energy Chamber.

Looking ahead, Petroli Energy is prioritizing natural gas and LPG as transitional fuels to support industrial demand across sub-Saharan Africa while preparing for longer-term integration into cleaner energy systems. The company is also evaluating regional expansion opportunities tied to infrastructure development, including pipelines, ports and cross-border energy corridors over the coming years.