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Highlights from Angola Oil & Gas (AOG) 2023 Forecast Lucrative Opportunities for Angola in 2024

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AOG

Angola’s myriad energy opportunities offer high returns for foreign players, and investors are invited to join the country’s premier energy event in 2024 to capitalize on unmatched prospects

LUANDA, Angola, December 12, 2023/APO Group/ — 

Angola’s attractiveness as an energy investment destination continues to grow as market-focused policies, strong political will and untapped oil, gas and renewable energy resources present lucrative opportunities for foreign players. In 2023, the country’s official energy conference, Angola Oil & Gas (AOG), was a testament to rising interest by foreign investors, and with the conference returning for its fifth edition in 2024, opportunities for project developers, financiers, service and technology providers are booming.

Global Players Meet in Angola

The 2023 edition of the AOG conference featured over 1,200 delegates, 73 speakers and 54 participating companies, underpinning the event’s role as a global meeting place. Over 20 Ministers and VIPs were present, representing Angola, the Republic of the Congo, Argentina, Egypt, Equatorial Guinea, Ghana, Mexico, Mozambique, Namibia, Norway and many more.

The Organization of the Petroleum Exporting Countries selected the conference as the platform to celebrate its 63rd anniversary, reflecting the importance of Angola for the organization and global energy community at large. In 2024, AOG anticipated even greater participation by global players as Angolan energy becomes increasingly important in global supply chains. The 2023 event paved the way for increased participation by both the private and public sectors, and stakeholders are encouraged to secure their participation today.

Deals Underscore Long-Term Commitments

AOG 2023 featured the signing of seven deals, showcasing the commitment of foreign companies to Angola’s energy future. Deals signed included between Azule Energy and national oil company Sonangol; environmental management company Ambipar and energy firm Kini Energias; oil and gas company ETU Energias and global technology company SLB; and insurance company Protteja Seguros and oil and gas company Petromar.

Additionally, the National Oil, Gas & Biofuels Agency signed cooperation agreements with three universities – Universidade Agostinho Neto; Catholic University of Angola; and Instituto Superior Pliténico de Tecnologias e Ciências. Greater focus will be placed on networking during the 2024 conference, providing opportunities for companies to connect and sign deals.

Greater focus will be placed on networking during the 2024 conference, providing opportunities for companies to connect and sign deals

Experts Discuss Future Energy Opportunities

As Angola’s energy sector grows, new opportunities continue to crop up across the entire energy value chain. AOG 2023 provided an in-depth overview of the industry, with panel discussions led by government officials, global energy major executives, and key players from the international oil and gas market. A technical track detailed projects, trends and challenges, providing potential investors with the information they need to make informed decisions on the market.

In 2024, Angola expects a wave of developments to kick off following the finalization of its 12-block latest bid round (which received a total of 53 bids); the announcement of a multi-energy strategy by TotalEnergies; the construction of three refineries; and rising demand for Angolan petroleum products. Discussions during the 2024 conference will build on topics during 2023, generating further understanding of the opportunities available in Angola’s oil and gas industry.

Brands, Topics and National Objectives Promoted Globally

Participating in and advertising at the AOG conference ensures your brand has a global audience. During the 2023 event, over 131 local and international media companies participated, sharing articles based on the conference program, in-depth interviews with delegates, and multi-platform media coverage of the exhibition, sponsors, panels and networking functions. As the conference grows, opportunities to take your brand global through AOG only increase. Secure your sponsorship or exhibitor pass today!

Showcasing a Future-Oriented Approach to Energy

As an established energy market, Angola remains committed to a prosperous future built on universal access, industrialization and regional economic growth. The conference reflects this commitment, featuring an exhibition that showcases innovation, digitalization and cutting-edge technology that paves the way for a sustainable and strengthened energy future. The conference itself received a carbon-free certificate, further underscoring a commitment to clean energy. A year on, Angola’s energy sector is set to see further digital transformation and the conference represents the platform of choice to promote solutions.

Join the AOG 2024 conference and be part of a movement towards an energy secure and sustainable future in Angola. Visit www.AngolaOilandGas.com for more information. 

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

Business

Daqo examines moving renewable power reliably from source to load

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Daqo

Renewable projects are often located far from load centres, and the continued growth of distributed energy is changing system behaviour in ways that require earlier and more careful planning

CAPE TOWN, South Africa, May 5, 2026/APO Group/ –As reported by ESI Africa, Southern Africa is seeing major infrastructure development. Renewable energy capacity is expanding, industrial demand is rising, and electrification is reaching areas that previously had limited grid access.

However, as generation capacity grows, attention is increasingly turning to another part of the equation: how to move that power reliably from source to load.

Daqo tells ESI Africa that, for developers and EPC contractors, the distribution network is no longer simply a downstream consideration. It is becoming an increasingly important part of how projects are planned, coordinated and delivered.

Why distribution is gaining importance

Grid access, system integration and multi-party coordination are increasingly converging at the distribution level.

Renewable projects are often located far from load centres, and the continued growth of distributed energy is changing system behaviour in ways that require earlier and more careful planning.

As a result, distribution infrastructure is increasingly something projects need to design around from the outset, rather than address later in the delivery process.

A growing focus on coordination and supply

One practical consequence of this shift is greater scrutiny of how electrical equipment is sourced and coordinated.

Traditional multi-supplier models introduce multiple technical and logistical interfaces that may cause delays during installation and commissioning, particularly as project complexity increases.

With a portfolio covering medium- and low-voltage switchgear, transformers, power module systems and busbar solutions, Daqo supports a more integrated approach across the electrical distribution chain.

This can help reduce interface risk and improve alignment from design through to commissioning.

Daqo’s global footprint includes more than 10,000 customers and 32 manufacturing companies, with project engagement across Africa, the Middle East, Europe, the Americas and APAC, enabling coordinated engineering and production at scale.

Prefabricated solutions can help reduce on-site complexity and improve schedule certainty.

Prefabrication and lead time matter more than ever

On fast-track projects, delivery speed and installation efficiency are becoming increasingly decisive.

 

Prefabricated electrical solutions (including prefabricated substations, E-Houses and containerised medium-voltage systems) move engineering, assembly and testing into controlled factory environments.

These prefabricated solutions can help reduce on-site complexity and improve schedule certainty.

At the same time, supply timelines remain under pressure due to sustained demand growth and broader supply chain constraints.

Daqo addresses this through manufacturing lead times of four to seven weeks, integrated production across group companies, and strong vertical integration in key materials and components, all of which support delivery stability and cost control.

Performance in the field remains critical

Equipment that meets the specification on paper must also perform in the field.

Large-scale renewable integration can introduce challenges, including voltage fluctuation and reduced system inertia.

Real-world site conditions, including high temperatures, dust, corrosive industrial environments and long transport distances, place further demands on equipment durability and maintainability.

Daqo’s system-level approach incorporates intelligent monitoring, protection functions and environmental resilience into the design, helping support stable operation under variable grid conditions and compliance with IEC and project-specific standards.

Daqo looking ahead

The projects being developed across Southern Africa today will help define the region’s energy infrastructure for decades to come. Adding generation capacity is essential, but the ability to deliver, integrate and sustain electrical systems in the field will play an equally important role in determining long-term project success.

This shift in focus is already influencing how experienced developers and EPCs approach project planning, and how suppliers are expected to respond.

Enlit Africa returns to the CTICC from 19 to 21 May in 2026

Daqo will be present at Enlit Africa (Stand A5), where the team will engage with project stakeholders on distribution system design and delivery across the region. Meet us at Enlit Africa on 19-21 May 2026 at the CTICC in Cape Town, South Africa. ESI Africa, part of VUKA Group, is the Host Media Partner for the event.  More about Enlit Africa: https://apo-opa.co/4tV6HFt

Distributed by APO Group on behalf of VUKA Group.

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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.

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Heirs Energies Joins African Energy Week (AEW) 2026 as Gold Sponsor as Starlink-Powered Oilfields Drive Digital Expansion

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Heirs Energies

During African Energy Week 2026, the company is expected to highlight its Starlink-enabled digital oilfield transformation, record production growth, major gas commercialization milestones and strategic equity expansion

CAPE TOWN, South Africa, May 5, 2026/APO Group/ –Set to scale both production and digital capacity across its Nigerian operations, Heirs Energies – a Lagos-headquartered indigenous energy company – has deployed Starlink-powered connectivity to transform asset management at remote oilfield sites. The rollout is enabling real-time monitoring, reliant communications and advanced IoT integration, strengthening uptime, efficiency and data-driven field performance.

 

In the wake of its digital rollout, the company will participate as a Gold Sponsor at this year’s African Energy Week (AEW) 2026, set to take place from October 12–16 in Cape Town. Their sponsorship comes as the event launches its inaugural AI and Data Center Track, positioning digital infrastructure, intelligent systems and data-driven demand at the center of Africa’s evolving energy landscape.

 

Heirs Energies’ digital momentum is underpinned by a series of strategic and financial milestones. In December 2025, the company secured a $750 million dual-tranche senior-secured reverse-based lending facility from the African Export-Import Bank (Afreximbank), accelerating development at OML 17 and reinforcing the “Africa financing Africa” model. The facility supports the company’s medium-term ambition to scale output toward 100,000 barrels per day (bpd) while strengthening liquidity, capital efficiency and long-term field optimization.

 

Operationally, the company continues to transform OML 17, a 1,300-km2 onshore asset in Rivers State. Since assuming operatorship in 2021, Heirs Energies has more than doubled oil production to over 50,000 bpd and increased gas output to approximately 120-135 million standard cubic feet per day (MMscf/d). Through its Brownfield Excellence strategy – reactivating over 100 dormant wells and sustaining uptime above 85% – the company has reduced theft-related losses and improved terminal delivery reconciliation to near-total accuracy

 

Heirs Energies exemplifies the rise of indigenous African operators scaling responsibly and profitably

Meanwhile, a joint venture between Heirs Energies and the Nigerian National Petroleum Company executed gas flaring commercialization agreements under the Nigerian Gas Flare Commercialization Program, targeting the capture of approximately 180 MMscf/d of flare gas across OML 17. With five private offtakers engaged and commissioning expected by Q3 2026, the initiative supports Nigeria’s Decade of Gas policy, strengthened domestic energy security and monetizes previously wasted resources while reducing routine flaring.

 

In parallel, Heirs Energies completed a transformative equity expansion on December 31, 2025, acquiring a 20.7% stake in Seplat Energy for approximately $496 million. The transaction, financed in part through its Afreximbank facility and credit support from the Africa Finance Corporation, positions Heirs Energies as Seplat’s largest shareholder and enhance horizontal integration across Nigeria’s upstream and midstream value chain.

 

Beyond hydrocarbons, the company continues to embed Africapitalism through the OML 17 Host Communities Development Trust, serving 73 communities in Rivers State. The Trust has awarded over 1,600 scholarships, empowered more than 300 youths with vocational skills and upgraded electrical infrastructure benefitting 270,000 people.

 

“Heirs Energies exemplifies the rise of indigenous African operators scaling responsibly and profitably,” states NJ Ayuk, Executive Chairman, African Energy Chamber. “Their Gold Sponsorship at AEW 2026 reflects both commercial strength and deep commitment to Africa’s energy future.”

 

As AEW 2026 prepares to convene in Cape Town, attention is increasingly shifting toward the convergence of energy systems, digital infrastructure and AI across the continent. Within this evolving landscape, the launch of the AI and Data Center Track – NexaGrid Africa: Create. Enable. Build Africa’s Finest AI Data Centers for the Future – signals a structural pivot in how the continent approaches energy optimization, industrial scalability and data sovereignty. Heirs Energies’ expanded digital footprint, from Starlink-enabled field operations to AI-ready asset intelligence, positions the company within this next phase of transformation, where upstream performance is being defined by computational capacity, connectivity and real-time decision systems.

Distributed by APO Group on behalf of African Energy Chamber.

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