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Halliburton Boosts Local Content in Africa, Seeks Interest in Oil & Gas Ventures

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Halliburton

Halliburton is proving time and time again that an international company can play a major role in driving local content, even without dedicated regulation in place

JOHANNESBURG, South Africa, May 20, 2024/APO Group/ — 

Multinational oil service company Halliburton is inviting eligible local companies to submit an Expression of Interest (EOI) for the supply of goods and services across the oil and gas industry. With various categories available, the EOI aims to assess local interests and capabilities, connecting players to oil and gas projects. Following submissions, a competitive bidding process will lead to the selection of preferred and alternative suppliers.

As the voice of the African energy sector, the African Energy Chamber (AEC) commends the commitment by Halliburton to give opportunities to local companies across the oil and gas value chain. In Africa, this step will lead to enhanced participation by African-based companies and service providers, and is a testament to the role international companies can play in spearheading local content– even in countries without a dedicated local content law in place.

The EOI encompasses categories supporting oil and gas operations, including machine repair and operation tools; oil, lubricants and tyers; lifting materials and accessories; welding and fabrication; calibration, certification and fuel; and many more. This not only supports participation by local players but strengthens supplier diversity, enabling Halliburton to draw competitive and strategic advantages from established relationships with local suppliers. The EOI not only creates an in-roads for local service providers but supports national and local capabilities, stimulates economic growth and market expansion.  

Halliburton is not only giving opportunities to local companies but is laying the foundation for a vibrant oil and gas landscape in Africa

Additionally, the categories cover associated support services such as car rentals; medical clinics; security services; IT hardware; office suppliers and merchandise branding; PPE and safety equipment; transportation; travel agencies; and more. Other categories include logistics services; auditing; tax and advisory services; manufacturing; storage and electronics. This supports participation by companies that are not only directly active in the oil and gas industry but across the entire economic spectrum.

As the second-largest energy service company worldwide, Halliburton boasts a strong presence in Africa and is active in numerous large-scale energy projects. The company’s projects are underpinned by a mission to drive sustainable energy projects across the continent. In Namibia, Halliburton won a contract in 2024 for a deepwater multi-well construction project in Block 2914A. The company will provide solutions for the construction of exploration and appraisal wells from Q4, 2024 on. Halliburton has shown a commitment to local content development in the country despite the fact that Namibia’s local content policy is still in the draft phase and has not yet been implemented. This shows a dedication to in-country development and Namibians should gain insight from this approach and establish joint ventures with multinationals such as Halliburton. This will ensure local content is at the forefront of industry growth, and will only be accelerated as policy is brought into place.

Meanwhile, in March 2023, the company made a return to Libya, winning a $1.4 billion contract with Honeywell to develop and oilfields and refinery for the country’s National Oil Corporation. Following securing nine contracts by Woodside Energy for offshore oil and gas activities in Senegal, Halliburton has played an instrumental part in supporting the construction of the first phase of the Sangomar Oilfield Development – which is on track for first production in the coming weeks. Through the contracts, the company has spearheaded employment opportunities in Senegal’s oil and gas industry while collaborated with local service providers on project development. Similar achievements have been made in Nigeria, where the company secured a $300 million deal with Shell Petroleum Development Company of Nigeria for a large-scale offshore gas project. In 2023, a Halliburton Nigeria production facility reached its 10-million-barrel milestone. Across all these developments, Halliburton’s commitment to local content has led to fruitful opportunities for communities.

Through an established local content strategy, Halliburton is dedicated to not only creating value for clients regarding oil and gas projects but unlocking opportunities for the communities in which the company operates. The EOI is a testament to this strategy, and oil service companies active across the continent can lead from and follow this example. Halliburton’s local content strategy shows that companies do not need to wait for the requisite laws before they act: local content can form the base of operations despite a lack of policy.

“While various countries have already implemented local content policies that support local participation in oil and gas developments, many nascent producers have yet to establish the relevant local content regulation. Yet, companies such as Halliburton are proving that international service providers, project developers and investors can do a lot without a local content law. Halliburton is not only giving opportunities to local companies but is laying the foundation for a vibrant oil and gas landscape in Africa. Other international companies should learn from Halliburton’s local content strategy,” states NJ Ayuk, Executive Chairman of the AEC.   

Distributed by APO Group on behalf of African Energy Chamber.

Energy

Halliburton Repositions for Venezuela’s Upstream Revival at Venezuela Energy Week 2027

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Etu Energias

Halliburton will join Venezuela Energy Week as a Platinum Sponsor as international operators accelerate efforts to restore production, reactivate drilling capacity and rebuild the oilfield services ecosystem

CARACAS, Venezuela, August 27, 2026/APO Group/ –Halliburton has joined Venezuela Energy Week 2027 as a Platinum Sponsor, bringing one of the world’s leading oilfield services companies into a market where international operators are moving to restore production and expand upstream activity. Taking place February 22–25 in Caracas, Venezuela Energy Week comes as a new investment cycle is creating fresh demand for drilling, well services, reservoir evaluation and production technologies.
 




 

Halliburton has already begun repositioning its Venezuelan operations for the changing market. In April, Chairman, President and CEO Jeff Miller said the company was discussing commercial terms with customers and had visited its Venezuelan facilities, which he said were in better condition than expected. In July, Venezuela’s Supreme Court ordered the restart of Halliburton’s operations and the return of previously seized assets, removing a significant legal obstacle to the company’s reactivation. Halliburton has since posted new positions in Venezuela, including roles in Maturín covering logging and perforating maintenance and supply-chain procurement, as well as a technical sales position in Zulia.

The timing reflects growing demand for oilfield services as Venezuela moves to reactivate mature fields, expand drilling and bring new investment into production. Halliburton’s capabilities span the full well lifecycle, including drilling, formation evaluation, well construction, completion and production, with services such as well intervention, cementing and stimulation increasingly important as operators work to restore aging wells and infrastructure. As new investment moves from agreements into field activity, Halliburton is positioned to provide the technical expertise and equipment required to translate Venezuela’s resource potential into additional production.

The investment environment is also changing. Venezuela’s January 2026 reform of the Organic Hydrocarbons Law opened new avenues for private participation in primary hydrocarbons activities, including operating and production contracts under which private companies can assume technical, operational and financial management. Subsequent regulations issued in July established the framework for royalties and the integrated hydrocarbons tax, while oil companies have been working to migrate existing agreements into the new regime.

This evolving framework is creating an increasingly important role for international oilfield service companies capable of supplying technology, equipment and technical expertise at scale. Halliburton’s renewed engagement comes as Venezuela moves from regulatory reform and investment agreements toward the practical work of drilling wells, restoring production and expanding field capacity.

At Venezuela Energy Week 2027, Halliburton will bring its renewed Venezuelan presence into discussions on the practical requirements of production growth, from drilling and well construction to completion and intervention. Its Platinum Sponsorship will place the company at the center of conversations around how Venezuela can rebuild oilfield capacity and translate new investment into additional barrels.

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

 




 

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Energy

Welligence Joins Angola Oil & Gas (AOG) 2026 as Associate Sponsor as Angola Enters New Production Cycle

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Etu Energias

As gas commercialization, deepwater developments and a shifting exploration landscape reshape Angola’s upstream sector, Welligence will bring its market intelligence expertise to the Angola Oil & Gas 2026 Conference and Exhibition

LUANDA, Angola, August 27, 2026/APO Group/ –Angola’s upstream industry is entering a new investment cycle, with gas commercialization, deepwater development, renewed exploration activity and an expanding independent operator base creating new opportunities across the market. Against this backdrop, energy intelligence firm Welligence has joined the Angola Oil & Gas (AOG) 2026 Conference and Exhibition as an Associate Sponsor.
 




 

Welligence provides upstream intelligence covering assets, reserves, production, economics, mergers and acquisitions and emerging investment opportunities, combining analyst expertise with data and AI-driven analytics. Its platform includes more than 4,000 asset-level reports and a database covering 40,000 M&A transactions, supporting companies evaluating upstream markets and investment decisions.

Angola represents an increasingly dynamic market for this type of intelligence. Welligence has identified the country’s upstream sector as entering a new phase of growth and repositioning, supported by gas developments, new oil projects, renewed exploration and rising activity among independent operators.

On the gas front, the start of Angola’s first non-associated gas project, led by the New Gas Consortium, is paving the way for increased feedstock supply to Angola LNG. Meanwhile, the country’s landmark dedicated gas discovery at Block 1/14 in 2025 has strengthened the role of gas commercialization within Angola’s broader upstream strategy.

At the same time, new oil developments are supporting production growth, although Welligence highlights the continued need for greenfield investment as mature assets decline. Recent milestones include the start-up of the Begonia and CLOV Phase 3 projects in 2025, the commissioning of the Agogo FPSO last August and continued progress at the Kaminho project, which is expected to begin production in 2028.

The operator landscape is also evolving. Welligence has highlighted renewed exploration activity by international majors alongside growing participation from independent companies, particularly as Angola’s onshore sector opens and operators seek to reactivate mature assets and build new portfolios.

Recent transactions reinforce this trend. Equinor entered TotalEnergies’ Block 17 in June 2026, while Afentra expanded its onshore footprint through operatorship of KON 5. Woodside Energy’s three-block deal signed in May further underscored growing confidence in Angola’s frontier opportunities, while Etu Energias strengthened its position through acquisitions in Blocks 14 and 14K.

These shifts are increasing the importance of reliable market intelligence as companies assess acreage, transactions, project economics and production potential. Welligence’s participation at AOG 2026 comes at a time when investors and operators are seeking greater visibility into the opportunities shaping Angola’s next phase of upstream growth.

As Associate Sponsor, Welligence will contribute an analytical perspective to discussions at AOG 2026, where industry leaders will examine the investments, partnerships and strategies driving Angola’s energy sector forward. With new entrants entering the market and established operators advancing major developments and exploration programs, data-driven insights will remain critical to guiding future investment decisions.

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

 




 

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Global Finance Leaders Target Angola’s Investment Gap at Angola Oil & Gas (AOG) 2026

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Etu Energias

Standard Bank, Premier Invest, Africa Finance Corporation and Banco BAI will bring financing expertise to AOG 2026 as Angola seeks to mobilize capital for upstream projects, infrastructure and local companies

 




 

LUANDA, Angola, August 27, 2026/APO Group/ –Mobilizing capital for Angola’s next oil and gas investment cycle will be a key focus at the Angola Oil & Gas (AOG) 2026 Conference and Exhibition, as the country seeks to attract both international and domestic capital across its evolving energy value chain. Executives from leading financial institutions and investment firms have joined the AOG speaker lineup, bringing perspectives on corporate finance and investment trends to the Luanda conference.

 

Angolan financial institution Banco Angolano de Investimentos (BAI) – a Silver Sponsor of AOG 2026 – is expanding its role in financing the country’s energy sector as domestic banks take on greater responsibility for supporting projects and local companies. The bank provides corporate and investment banking services spanning project finance, structured finance and capital markets. Its participation comes as Angolan lenders increasingly target mid-sized developments, onshore projects and indigenous companies that can face greater difficulty accessing international capital. CEO Luís Filipe Rodrigues Lélis will share insights into the role of local banks in building Angolan oil and gas entrepreneurs, bringing financing into discussions around strengthening local participation across the industry.

https://apo-opa.co/4y55eOq

Standard Bank brings significant oil and gas financing experience to the conference. In 2024, the bank served as underwriter and bookrunner on a $1.3 billion pre-export finance facility for national oil company Sonangol. In Angola, the bank also offers contract financing, purchase-order finance and invoice discounting for oil and gas businesses. Executive Director, Business & Commercial Banking Fernando Chivinda will participate at AOG 2026 as access to finance remains central to both large-scale project development and the growth of Angolan companies across the value chain.

https://apo-opa.co/4y95qwg

Premier Invest brings experience in structuring transactions and connecting global capital with African energy projects. Led by Founder and Managing Partner René Awambeng, the investment firm advises on and structures transactions across the energy value chain, working with global investors and regional financial institutions to mobilize capital for projects. Awambeng will participate at AOG 2026 as Angola seeks to broaden its sources of capital and connect project developers with investors capable of advancing opportunities toward bankability and execution.

https://apo-opa.co/4y8Aufy

Africa Finance Corporation (AFC), meanwhile, brings an established investment footprint in Angola. The multilateral finance institution has invested close to $1 billion across the country’s power, rail, logistics and critical minerals sectors and is an Elite Sponsor of AOG 2026. In oil and gas, AFC invested $60 million as part of a $190 million debt facility supporting Etu Energias’ acquisition of interests in offshore Blocks 14 and 14K, a transaction that doubled the independent’s net production at the time from approximately 9,000 to 19,000 barrels per day. AFC Vice President for Investment Taiwo Okwor and Senior Associate for Energy Resources Tobi Edun will participate at AOG 2026, bringing experience in structuring and mobilizing capital as Angola seeks financing for energy projects and associated infrastructure.

https://apo-opa.co/4y525xV

Taking place September 9–10, with a pre-conference day scheduled for September 8, AOG 2026 will connect financial institutions and advisers with operators, government and entrepreneurs to advance commercially viable projects across the energy value chain. Visit www.AngolaOilandGas.com for more information.

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

 




 

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