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MC Jurist to Showcase Contract Preparation for Service Companies at Angola Oil & Gas (AOG) 2024 Master Class

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Energy Capital

The Master Class will provide unparalleled insights for service companies preparing bids and contracts that align with Angola’s legal and regulatory framework

LUANDA, Angola, August 13, 2024/APO Group/ — 

Multinational energy corporation Chevron (https://apo-opa.co/4dqqdRR) recently signed two risk service contracts (RSCs) for Blocs 49 and 50, located in the ultra-deep waters of Angola’s Lower Congo Basin. The company – through its Angolan subsidiary Cabinda Gulf Oil Company Ltd. – was initially awarded the concessions by way of Presidential Decree in January 2024. Signed in June 2024, the RSCs kick off new exploration activities and lay the foundation for block development.

Paving the way for insight into Angola’s corporate and commercial exploration framework, this year’s edition of the Angola Oil & Gas (AOG) conference – taking place in Luanda from October 2-3, 2024 – will feature a Master Class for petroleum and oilfield service providers. The Master Class to Petroleum and Oilfield Service Providers session will offer companies a comprehensive guide to preparing winning bids and efficient contracts for service providers participating in Angola’s oil and gas sector.

AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; national oil company Sonangol; the National Oil, Gas and Biofuels Agency; the African Energy Chamber; and the Petroleum Derivatives Regulatory Institute, the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Taking place on October 2, the Master Class will be presented by Nuno Catanas, Founder and Managing Partner of MC Jurist, a corporate and commercial law firm and AOG 2024 sponsor. Attendees can expect a thorough and practical exploration of preparing a successful bid and ensuring efficient and sustainable contract structures. The firm boasts 20+ years of experience in the Angolan petroleum sector, focusing primarily on corporate and commercial matters, employment, shipping, customs and tax.

Angola’s upstream industry has seen a slew of recent activity in the services sector. In June 2024, engineering company Aker Solutions was awarded a multi-year FPSO contract by international energy company Azule Energy for works related to the construction of two FPSO vessels in Angola. The company will provide brownfield maintenance and modification support to the Greater Plutonio and PSVM vessels over a period of three years, with two one-year options included in the deal.

Meanwhile, oilfield services company Saipem won a contract with Azule Energy for the development of the Ndungu field offshore Angola (https://apo-opa.co/3YBTAfw). The contract covers engineering and construction services to the tune of $850 million. Under the terms of the contract, which was signed in May 2024, Saipem will spearhead the engineering, fabrication, transportation and installation of 60 km of rigid pipelines and subsea facilities. Additionally, the company will be responsible for the transportation and installation of flexible flowlines, jumpers and 17 km of umbilicals.

Engineering firm KBR secured a project management contract in April 2024 from Angolan national oil company Sonangol for the development of the 200,000-barrel-per-day Lobito Refinery. The company will be responsible for the engineering, procurement and construction (EPC) phase of the project. The contract builds on a 20-year partnership between the companies and will see KBR assume responsibility for management services for the EPC phase of the grassroots refinery.

Specialized in providing legal and tax consultancy to corporate clients operating in Angola, MC Jurist’s participation at AOG 2024 highlights the country’s favorable regulatory and fiscal landscape. In its latest Angola legislation update for July 2024, MC Jurist provided a summary of the country’s most recent acts of legislation deemed relevant to the firm’s operations, which include matters related to oil and gas, mining, infrastructure, investment, privatization and cross-border collaboration.

Last month, the Angolan Government approved the amendment to an ongoing privatization program for the period 2023-2026 regarding the sale of the country’s stake in financial institution Standard Bank Angola. Meanwhile, the government also approved the facilitation of sustainable investment with the EU, as well as the appointment of new members of the Board of Directors of Sonangol.

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

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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