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Opportunities for Service Companies in Angola

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Angola

Unprecedented growth in Angola’s energy sector will provide unparalleled opportunities for service companies in the country

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

Angola’s energy sector offers a myriad of opportunities for service companies (https://apo-opa.info/3zSKD3R) to participate in one of the most lucrative and prospective markets on the continent.

Given the many major developments expected to come online in the medium-term, these opportunities are expected to increase even further.

Upstream Oil and Gas

Angola’s upstream market is projected to grow more than 1.5% between 2022 and 2027.

Increased government focus on the development of hydrocarbons assets coupled with the discovery of new reserves are poised to drive market growth in the coming years.

Oil and gas supermajor TotalEnergies’ flagship Kaombo project, situated in the country’s offshore Block 32, in addition to multinational oil and gas company bp’s PSVM development and integrated energy company Eni’s new production wells in the Vandumbu and Mpungi fields in Block 15/06 are poised to stimulate significant investment opportunities over the coming years.

As such, Angola’s upstream activities have seen the participation of service companies such as oil field service company, Halliburton; energy technology company, Baker Hughes; systems and solutions provider, FMC Technologies; engineering services company, Oceaneering International; energy services company, Weatherford; and global technology company, SLB. As the market expands, opportunities for service companies will soon follow.

Midstream Refining

Despite its position as a leading oil producer on the continent, Angola’s refining capabilities remain well below domestic demand. As such, the government has demarcated refinery development amongst its highest stated priorities, opening up new opportunities for service companies.

Increased government focus on the development of hydrocarbons assets coupled with the discovery of new reserves are poised to drive market growth in the coming years

Upgrades to the country’s sole operating facility in Luanda (https://apo-opa.info/3MEMHUQ) to the tune of $235 million will be supported by engineering, procurement, and construction (EPC) contractor, KT-Kinetics Technology. Meanwhile, three new refinery projects in Lobito, Soyo, and Cabinda are in the pipeline and are estimated to reduce imports by approximately $2.7 billion per year while providing new opportunities for public-private partnerships in the country.

Meanwhile, with aims to attract private investment for natural gas production, plans are currently underway to develop a second combined cycle plant in Soyo, with a capacity to produce 500 MW of energy produced by natural gas. The 720 MW Soyo I combined cycle plant was originally constructed by construction and engineering company, the China Machinery Engineering Corporation, with turbines for the plant having been supplied by GE Renewable Energy.

Electricity Production, Transmission and Distribution

The government has implemented an ambitious infrastructure plan to achieve its targeted 9.9 GW of installed generation capacity and 60% electrification rate by 2025. Part of this plan has included the expansion of the government’s budget dedicated to electricity production, transmission, and distribution from $482 million in 2021 to $490 million in 2022 while plans are currently underway to expand the grid from its current length of 3,354 km to 16,350 km by 2025.

Leading sub-sectors in Angola’s power generation sector include the provision of equipment for use in small-scale, off-grid projects including diesel and gas turbine generators; the development of utility-scale dispatch centers for energy load management; transmission expansion; and substation development.

Power generation and solutions companies active in Angola’s energy sector include power technology company, General Electric (GE); power technology provider, Cummins; construction machinery and equipment company, Caterpillar; and manufacturing company, Westinghouse Electric Corporation.

Renewable Energy

With numerous hydro and solar projects due to come online in the coming years, external financing and private project development will be key towards supporting the southern African country’s green energy agenda, with service companies representing key drivers of the renewable energy market (https://apo-opa.info/41omUV4).

Angola’s Ministry of Energy and Water has identified approximately 100 locations for the development of small-scale hydro projects capable of producing up to 600 MW of renewable energy. The country’s 960 MW Cambambe I and 700 MW Cambambe II hydro power projects have seen the participation of service companies such as EPC contractor, Novonor; electromechanical systems and services provider, Andtriz Hydro; global technology company, Voith; and renewable energy company, GE Renewable Energy. Additionally, the Laúca hydroelectric power plant (https://apo-opa.info/3Ut6UyK), situated in the country’s Kwanza Norte Province, involved contributions from Novonor; consulting and management company, Intertechne; construction engineering company, Elecnor; and consulting companies, SRK Consulting and Coba Consulting.

Endowed with significant solar potential, various projects have been approved for development by the government as part of the country’s Angola Energy program, which aims to install 800 MW of solar energy capacity by 2025. A project led by engineering and project development company, MCA Group, will develop the country’s flagship 370 MW solar power project, which will be comprised of seven photovoltaic plants, consisting of approximately one million solar panels. Additionally, with aims to begin commercial operations by 2024, the 35 MW Quilemba Solar Power Station is being spearheaded by TotalEnergies in partnership with Sonangol and solar systems solutions provider, Greentech. Other development companies active in Angola’s solar energy space include solar project developer, AfricaGlobal Schaffer, and clean energy solutions company, Sun Africa.

As the opportunities for service companies expand, the Angola Oil & Gas (AOG) conference and exhibition (https://apo-opa.info/3yWXf9D) provides the ideal platform where new deals can be signed and partnerships forged. As the official meeting place and investment platform for the Angolan energy sector, AOG 2023 will connect investors and project developers with projects. Keep watching Energy Capital & Power’s website and social media channels for more information regarding the 2023 edition of this exciting event.

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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