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Etu Energias Joins African Energy Week (AEW) 2026 as Gold Sponsor Amid Asset Consolidation in Angola

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African Energy Chamber

The Angolan firm’s latest acquisitions and deal pipeline signal a deliberate push to compete at scale in the country’s upstream sector

CAPE TOWN, South Africa, May 5, 2026/APO Group/ –Independent oil and gas company Etu Energias has signed into the upcoming African Energy Week (AEW) Conference and Exhibition – taking place October 12-16 – as a Gold Sponsor, reflecting a deliberate move to position itself as a more prominent and competitive indigenous upstream player. The company’s participation follows its recent acquisition of stakes in Block 14 and 14K in Angola’s Lower Congo Basin, a deal which reinforced a broader expansion strategy centered on asset consolidation and long-term growth.

The Block 14 and 14K acquisition represents a pivotal milestone in the company’s growth strategy, granting Etu Energias exposure to some of the country’s most commercially-driven upstream acreage. The deal included the acquisition of a 20% interest in Block 14 and a 10% stake in Block 14K and followed Etu Energias’ exercising its pre-emption rights for the interests. The transaction carries a base value of $195 million, with total consideration potentially reaching $310 million through contingent payments linked to oil price performance and production benchmarks through 2038.

The deal was backed by Chariot Limited, which entered the transaction as a financing partner, raising approximately $20 million via an equity placing and direct subscription. This was complemented by an additional $4 million raised, granting Chariot exposure to 4,000 barrels per day (bpd) of production. Shell Western Supply and Trading mobilized a structured facility of up to $170 million for the deal, provided in exchange for future offtake barrels.

Etu Energias is demonstrating how indigenous companies can move beyond participation and into leadership by taking strategic positions in high value assets

As a cornerstone of the country’s offshore production portfolio since 1999, Block 14 offers significant upside potential, with peak production once measuring 300,000 bpd. While output has declined in recent years, this latest transaction could breathe new life into this ageing – yet increasingly strategic – asset.

“Etu Energias is demonstrating how indigenous companies can move beyond participation and into leadership by taking strategic positions in high value assets and committing capital to long-term growth. The company’s expansion reflects a broader maturation of Angola’s upstream sector, where local firms are increasingly capable of driving investment and development outcomes,” states NJ Ayuk, Executive Chairman, African Energy Chamber.

The Block 14/14K transaction aligns closely with Etu Energias’ broader expansion strategy in Angola, centered around increasing output to 80,000 bpd by 2030. Over the last three years, the company closed up to $1 billion worth in M&A deals, reflecting its commitment to expanding its portfolio and strengthening its balance sheets.

To achieve its production targets, the company is planning eight exploration projects, 10 development projects and seven redevelopment projects in Angola. Recent activity includes the start of drilling at Block 2/05 in July 2025 and an onshore seismic campaign at identify prospects. To support these activities, the company announced plans to make an Initial Public Offering in 2026. The move aims to tap into new capital pools to support exploration and production projects.

Etu Energias’ Gold Sponsorship at AEW 2026 therefore reflects more than branding. It signals a company actively reshaping its position within Angola’s oil and gas industry – leveraging acquisitions, partnerships and strategic alignment to scale its portfolio. As competition intensifies and access to high-quality assets becomes more constrained, Etu Energias is making a calculated move to establish itself as a leading independent player in one of Africa’s most established hydrocarbon markets.

Distributed by APO Group on behalf of African Energy Chamber.

Energy

African Energy Chamber (AEC) and DMWA Resources to Advance Advocacy, Advisory Discussion at African Energy Week (AEW) 2026

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African Energy Chamber

Africa’s energy policy and advisory leaders join African Energy Week 2026 in Cape Town

The African Energy Chamber (AEC) (https://EnergyChamber.org) and pan-African advisory firm DMWA Resources will bring policy advocacy and investment advisory expertise to African Energy Week (AEW) 2026, with Verner Ayukegba, Senior Vice President of the AEC, and Sebastian Wagner, Founder and President of DMWA Resources, confirmed as speakers.

The AEC has established itself as the continent’s leading energy advocacy organization, working with governments, investors and operators to shape the policy frameworks that drive investment into Africa’s energy sector. The Chamber’s advocacy spans regulatory reform, local content, trade policy and the defense of Africa’s right to develop its hydrocarbon resources. In 2026, the AEC applied to intervene at the African Court on Human and Peoples’ Rights in a climate-related proceeding, arguing that energy policy on the continent should be shaped by African institutions rather than external litigation. The Chamber also continues to publish its annual State of African Energy Outlook in partnership with S&P Global Commodity Insights, which assesses upstream activity, spending patterns and energy access gaps across the continent’s 54 markets.

 




  

Investment in African energy starts with getting the policy environment right

DMWA Resources is a pan-African energy marketing, advisory and commodities trading firm with operations spanning West, Central and Southern Africa. The firm advises national oil companies and multinational operators on upstream positioning, local content strategy and capital access, drawing on established relationships with producers and host governments across the continent. Wagner also serves as Executive Chair of the Germany Africa Business Forum (GABF), a private think tank founded in 2017 to connect German capital and industrial expertise with African energy and infrastructure opportunities.

Ayukegba’s dual role as AEC Senior Vice President and a director at DMWA Resources reflects the close link between advocacy and advisory work in Africa’s energy investment landscape, where securing the right policy conditions and connecting projects with capital partners remain closely linked priorities.

“Investment in African energy starts with getting the policy environment right,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “When you pair strong advocacy with advisory expertise that connects capital to opportunity, projects become bankable. That is the kind of leadership this platform brings together.”

AEW 2026, taking place in Cape Town from October 12-16, will provide a platform for the organizations shaping Africa’s energy investment environment to engage directly with policymakers, operators and financiers on the advocacy and advisory priorities driving the sector forward. To learn more and register as a delegate, visit https://apo-opa.co/4iRMcGN.

 

Distributed by APO Group on behalf of African Energy Chamber.

 




 

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Angola’s National Oil, Gas and Biofuels Agency (ANPG) Brings Angola’s Next Upstream Investment Cycle to Angola Oil & Gas (AOG) 2026

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Etu Energias

Angola’s upstream regulator will lead a senior delegation to AOG 2026 as the country targets new investment across mature assets and frontier basins under its Hydrocarbon Strategy 2025–2050

CAPE TOWN, South Africa, September 7, 2026/APO Group/ –Angola’s National Oil, Gas and Biofuels Agency (ANPG) will lead a high-level delegation to the Angola Oil & Gas (AOG) 2026 Conference and Exhibition as the country moves to translate its long-term upstream strategy into exploration, development and production growth.

The delegation will feature senior representatives including Executive Administrators Alcides Andrade, Artur Custódio, Nicola Mvuayi and Ana Miala, alongside Director of Exploration Lúmen Sebastião and Local Content Coordinator Maura Nunes. ANPG Chairman Paulino Jerónimo will lead the delegation, providing investors with direct access to Angola’s upstream regulator as the country promotes opportunities across mature and frontier provinces.

 




 
 

The ANPG’s participation comes at a pivotal moment for Angola’s upstream sector. With production at around 1.03 million barrels per day (bpd) in 2026, Angola is pursuing a dual-track strategy: maximizing recovery from mature producing assets while accelerating exploration across underexplored basins that could underpin the country’s next generation of projects.

Central to this push is Angola’s Hydrocarbon Strategy 2025–2050, which establishes the upstream vision, pillars and targets for the next 25 years. Built around six pillars, the strategy aims to make Angola’s upstream sector more competitive and attractive to investors while promoting technological innovation and greater development of the country’s natural resources.

In the near term, the strategy targets production above one million bpd through 2030, before increasing output to 1.2 million bpd during 2031–2040. Mature assets will form a key bridge to this growth. Angola is targeting field revitalization, well re-entry, new drilling and improved recovery rates, supported by measures including the 2024 Incremental Production Decree. Investment is already advancing at producing assets such as Block 32 and Blocks 3/05 and 3/05A, highlighting the remaining potential within established concessions.

At the same time, ANPG is creating opportunities to shorten development timelines and commercialize smaller discoveries through infrastructure sharing and subsea tiebacks. The Greater PAJ development, which reached FID in June 2026 and combines resources from Blocks 31 and 31/21 through shared infrastructure, demonstrates how cross-block development can unlock resources more efficiently.

Beyond mature acreage, Angola’s longer-term production outlook will increasingly depend on frontier exploration. The Hydrocarbon Strategy targets approximately 12.7 billion barrels of oil initially in place and five trillion cubic feet of gas in discovered or prospective resources through 2030, rising to approximately 20 billion barrels and 13 trillion cubic feet during 2031–2040. Angola plans to expand 3D seismic coverage and intensify exploration across the Kwanza, Namibe and Benguela Basins, alongside deeper Cretaceous and pre-salt opportunities in the Lower Congo Basin.

Momentum is already building. TotalEnergies and ExxonMobil secured four Namibe and Benguela blocks in 2026, Woodside Energy is pursuing studies across Blocks 25, 26 and 43, while Shell has partnered with Sonangol on Block 33. ANPG’s Permanent Offer Regime provides an additional route into the market, enabling investment in unawarded acreage, free areas within existing concessions and concessions held by the national concessionaire.

ANPG’s participation at AOG 2026 will therefore put both sides of Angola’s upstream proposition in focus: near-term barrels from established producing areas and longer-term growth from frontier exploration. As Angola moves from managing decline toward rebuilding production, AOG 2026 provides a platform for ANPG to connect available acreage, regulatory reforms and project opportunities with the capital and technical expertise needed to deliver the country’s next investment cycle.

Visit www.AngolaOilandGas.com for more information.

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

 




 

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Egypt’s Upstream Reset Gains Momentum as Tarek El Molla Joins African Energy Week (AEW) 2026

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African Energy Chamber

Egypt’s former Minister of Petroleum and Mineral Resources returns to the conference as the country accelerates upstream reforms, reopens acreage for exploration and strengthens its position as a strategic Mediterranean gas supplier

CAPE TOWN, South Africa, September 7, 2026/APO Group/ –Tarek El Molla. Founder & Principal Consultant at Luminant Energy Consultancy and Former Minister of Petroleum & Mineral Resources Egypt, will speak at the upcoming African Energy Week (AEW) Conference and Exhibition – the continent’s premier event for the energy industry. El Molla joins the conference at a time when Egypt is revitalizing its upstream strategy under efforts to address production decline, attract new exploration investment and reinforce its role as a strategic Mediterranean supplier.

 




 

In recent months, Egypt has been actively repositioning itself as a competitive upstream destination through a combination of exploration incentives, regulatory reform and expanded partnerships with international energy companies. These efforts align with goals to reach 6.6 billion cubic feet per day in production by 2027. Recent agreements and drilling campaigns signal renewed confidence in the country’s hydrocarbon potential, particularly offshore and in underexplored onshore basins.

Tarek El Molla helped position Egypt as one of the Mediterranean’s most strategically important gas markets

Just this month, the country signed an exploration agreement with TotalEnergies, establishing a framework for technical cooperation. The agreement reflects Egypt’s continued strategy of leveraging international partnerships to accelerate resource development while maximizing the value of its existing LNG and gas infrastructure. This comes as a wave of foreign investment is expected across the upstream sector in the coming years. International companies have committed more than $19 billion over the next three years, including Eni ($8 billion), bp ($5 billion), ARCIUS ($2 billion) and Apache Corporation ($4 billion).

To support production growth, the country has also approved two new petroleum laws aimed at accelerating hydrocarbon exploration in key offshore zones. Law No. 81 of 2025 covers the North Sinai offshore zone while Law No. 163 of 2025 focused on the East Al-Hamad area in the Gulf of Suez. Perenco and affiliates formalized a deal for the North Sinai zone, committing an initial $46 million to drill exploration wells. Dragon Oil signed a contract for the East Al-Hamad, with plans to invest between $30 million and $40.5 million to drill at least two wells. These moves aim to unlock new frontiers in the country, strengthening export resilience and long-term production metrics.

Egypt’s upstream revival is taking place against the backdrop of intensifying regional competition for investment and export market share. As Mediterranean and European buyers seek reliable supply partners closer to market, Egypt is positioning itself as both a producer and a regional processing hub capable of handling gas flows from across the Eastern Mediterranean.

“Tarek El Molla helped position Egypt as one of the Mediterranean’s most strategically important gas markets. Egypt’s renewed exploration drive and policy reforms are sending a strong signal to investors that the country is serious about increasing production, accelerating deal flow and strengthening its role in regional energy security,” states NJ Ayuk, Executive Chairman, African Energy Chamber.

As Egypt expands exploration activity and strengthens its investment framework, AEW 2026 is expected to serve as an important platform for Egyptian authorities, operators and policymakers to connect with international investors and showcase new opportunities across the country’s upstream and gas sectors. Taking place from October 12-16 in Cape Town, the conference will bring together African energy leaders, global financiers and technology providers to shape the future of the continent’s energy industry.

Distributed by APO Group on behalf of African Energy Chamber.

 




 

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