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Kwanza Block Tenders Spur New Wave of Investment in Angola

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Kwanza Basin

Concession contracts for the production of Angola’s onshore Kwanza Basin has resulted in the entry of new international players to the country’s oil and gas space

LUANDA, Angola, June 29, 2023/APO Group/ — 

Angola’s national concessionaire the National Oil, Gas and Biofuels Agency (ANPG) signed four direct concession contracts for the production of oil blocks in the onshore Kwanza Basin.

Poised to increase exploration activity and production in the southern African country’s onshore acreage, the concession involves Blocks KON 2/11/12 and 16 and will serve to encourage the participation of small- and medium-sized companies within Angola’s oil and gas space.

Concession Contracts Bolster Upstream Activities

The signed concession contracts signal new opportunities for the expansion of E&P activities in Angola while further consolidating the upstream potential that remains in the mature market.

A concession signed for Block KON-2, which took place in Luanda on 25 May, marked the entry of upstream and downstream development company Inktank Group; upstream consulting company Brite’s Oil and Gas; and mining solutions company MTI Group, to Angola’s market.

Additionally, Block KON-11 involves a consortium comprising Brite’s Oil and Gas; independent energy company Atlas Petroleum Exploration Worldwide (Apex); Angolan oil and gas developer Simple Oil and Gas; and consultation service Omega Risk Solutions – with Angola’s National Oil Company Sonangol serving as operator.

Angola’s upstream market is expected to record a growth of more than 1.5% between 2022 and 2027

The initialing of documents by the ANPG and contractor groups for the KON-12 and KON-16 oil Blocks was held on 26 May while, marking its debut in Angola’s oil and gas space, mining and mineral resource development company Corcel PLC acquired a 90% interest in Apex on 24 May, thus resulting in a working interest of between 20% and 25% in the Kwanza Basin’s Blocks KON 11/12 and 16. Acquisition terms for the deal include an initial 5-year exploration phase, a subsequent 2-year exploration phase, and a 2-year base production period, with minimum spend of $6 million for KON-11 and KON-12, and $3 million for KON-16.

Tender 2023 Kickstarts E&P Progress

Preceding the signing of the concession contracts, on 1 April, the ANPG announced the launch of Tender 2023 for the concession of an additional 12 onshore oil blocks in Angola’s onshore Lower Congo and Kwanza Basins. The deadline for proposals is set for November 2023 and will include Blocks CON 2/3/7 and 8 and KON 1/3/7/10/13/14/15 and 19. This concession marks the second conclusive offering of onshore blocks in two years for sub-Saharan Africa’s largest oil producer.

Tender 2023 has already served to relaunch Angola’s onshore E&P activities while mitigating a decline in production by increasing the discovery of new resources. An ANPG-led roadshow for the tender took place in Luanda on 19 June, presenting technical assessments of existing data, accessibility studies and environmental legislation, contractual frameworks, and logistic conditions for the blocks, providing potential investors with the information they need to make informed decisions on the market.

Angola Remains Ripe for Investment

Serving as sub-Saharan Africa’s largest oil producer and boasting oil and gas resources estimated at 8.2 billion barrels of proven crude oil reserves and 13.2 trillion cubic feet of proven natural gas, Angola’s upstream market is expected to record a growth of more than 1.5% between 2022 and 2027. Furthermore, as a result of major discoveries by oil and gas supermajors such as ExxonMobil, TotalEnergies and Azule Energy, as well as a government-led focus on the development of crude oil and natural gas assets throughout the country, Angola and its national concessionaire offer regional and international players the opportunity to participate and invest in Africa’s premier hydrocarbons frontier.

As such, Angola’s oil and gas sector is witnessing an accelerated pace of new investments. Major developments in Angola’s hydrocarbons industry will be unpacked during this year’s edition of the Angola Oil & Gas (AOG) 2023 conference and exhibition (https://apo-opa.info/3yWXf9D) – which is organised by Energy Capital & Power, taking place in Luanda from 13-14 September. Hosted in partnership with Sonangol and Angola’s Ministry of Mineral Resources and Gas, AOG 2023 is set to spur investment and deal-making in the country and regional energy value chains while highlighting the role of Angola’s resources and industries in the shifting global economy.

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

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

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

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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IsDBI

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

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

 

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