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Petralon Energy Scales Dawes Island Output, Joins African Energy Week (AEW) 2026 as Diamond Sponsor

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African Energy Chamber

From first oil at Dawes Island to accelerated drilling and strategic partnerships, Petralon Energy is strengthening its role in Nigeria’s upstream growth story

CAPE TOWN, South Africa, May 8, 2026/APO Group/ –Petralon Energy has been confirmed as a Diamond Sponsor of the African Energy Week (AEW) 2026 Conference and Exhibition – taking place October 12-16 in Cape Town -, as the company continues to advance development activities at the Dawes Island field and expand its role within Nigeria’s upstream sector. With production now established and additional wells progressing toward completion, Petralon is positioning itself for incremental output growth in line with broader efforts to revitalize domestic oil production.

 

This strategy is most visible at the Dawes Island field (PPL 259) in the Niger Delta, where Petralon has moved rapidly from license award in 2022 to first oil in 2026 – one of the fastest timelines in Nigeria’s recent marginal field program. The company has since drilled multiple wells, including DI-2, which is currently producing, and DI-3, which reached total depth in early 2026 and is expected to be brought onstream within the year. A fourth well (DI-4) is planned as part of the next development phase, alongside investments in permanent production facilities.

 

Initial production has already resulted in the evacuation of approximately 158,000 barrels of crude through the Bonny Oil and Gas Terminal, marking a tangible step toward sustained output growth. These developments are aligned with Nigeria’s “drill or drop” policy under the Petroleum Industry Act, which is designed to ensure that marginal field licensees translate acreage into production.

 

Beyond operations, Petralon’s progress has attracted notable industry backing. In February 2026, Shell Western Supply and Trading publicly recognized the company’s achievement of first oil, with its role as crude offtaker and co-financier underscoring growing investor confidence in indigenous operators capable of executing projects at pace.

Indigenous companies like Petralon are demonstrating that Africa’s upstream future will be driven by execution, discipline and long-term commitment to asset development

 

Petralon’s activities also reflect a broader structural shift in Nigeria’s upstream sector, where local companies are increasingly taking control of assets previously held by international majors. The Dawes Island development stands out within the current marginal field cycle, where relatively few operators have progressed from license award to sustained production within a comparable timeframe.

 

Looking ahead to 2026–2027, the company is expected to focus on increasing output from existing wells, bringing new wells online and expanding field infrastructure to support long-term production stability. At the same time, Petralon maintains indirect exposure to some of Nigeria’s largest deepwater assets – including Agbami, Akpo and Egina – through its shareholding in Prime Oil & Gas, providing additional scale and diversification within its portfolio.

 

“Indigenous companies like Petralon are demonstrating that Africa’s upstream future will be driven by execution, discipline and long-term commitment to asset development,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “Their progress at Dawes Island is a clear example of how local operators are turning policy reforms into production and investment outcomes that strengthen Africa’s energy security.”

 

As AEW 2026 convenes industry leaders in Cape Town, Petralon Energy’s Diamond Sponsorship signals the growing role of indigenous operators in delivering real production growth across the continent. With projects moving from licence to first oil in compressed timelines and new capital flowing into local players, companies like Petralon are helping redefine how Africa’s upstream sector develops in the years ahead.

Distributed by APO Group on behalf of African Energy Chamber.

Energy

African Mining Week (AMW) Country Focus to Spotlight Liberia’s Iron Ore, Gold and Critical Minerals Prospects

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Etu Energias

African Mining Week 2026 – taking place from October 14 – 16 in Cape Town – will connect global investors with emerging opportunities within Liberia’s mining industry

CAPE TOWN, South Africa, June 3, 2026/APO Group/ –As Liberia unlocks its untapped mineral wealth through expanded geomapping and exploration campaigns as well as strategic partnerships, the upcoming African Mining Week (AMW) – Africa’s Most Influential Mining Conference – will connect global investors and geological technology providers with emerging opportunities across the country.

 

AMW 2026 – taking place on October 14–16 in Cape Town – will feature a dedicated Liberia Country Showcase, providing a platform for government regulators, project developers and international investors to engage on investment and partnership prospects.

The event is timely with Liberia positioning itself as a key supplier of high-grade iron ore amid an anticipated supply deficit of approximately 15 million tons per annum (MTPA) by 2030. The country targets to triple output to nearly 30 Mtpa in 2026. In February 2026, Liberia extended ArcelorMittal’s mineral development agreement for the Tokadeh Mine through 2050, underscoring its commitment to expanding long-term cooperation with international investors to maximize output.

Beyond iron ore, Liberia seeks to unlock its broader critical minerals potential, capitalizing on its estimated 80% of geology that remains unexplored.

Speaking in Cape Town in February 2026, Liberia’s Minister of Mines and Energy Matenokay Tingban emphasized the country’s strategy to unlock its critical minerals potential through exploration across lithium and base metals sectors.

Liberia is also expanding its strategic partnerships to expand industrial-scale gold production. Pasofino Gold strengthened its Liberian footprint through the 2026 acquisition by Mansa Resources: the operator of the Dugbe Gold Project. Meanwhile, Zodiac Gold continues to advance its exploration portfolio in Liberia, supporting the country’s broader mining industrialization strategy.

Liberia’s strategy to expand oil and mining revenues to approximately $4.8 billion in 2026 reflects growing national focus on leveraging extractive industries to drive economic growth while creating investment opportunities for global investors.

Against this backdrop, AMW 2026 will serve as an important platform for Liberian authorities to showcase regulatory reforms and investment incentives designed to attract global capital into the country’s mining sector.

The conference will highlight opportunities spanning Liberia’s entire mining value chain, including geomapping, exploration, production, logistics, mineral processing, trading and mining services.

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

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Energy

Venezuela to Host Its Largest-Ever International Energy Investment Summit

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Venezuela

Caracas will host Venezuela Energy Week 2026 on 26–29 October, convening U.S. and international investors to advance upstream expansion and energy sector investment, with official support from the Ministry of Hydrocarbons and PDVSA

CARACAS, Venezuela, June 3, 2026/APO Group/ –Venezuela will host its largest-ever international energy investment summit on 26–29 October 2026 in Caracas, bringing together U.S., Venezuelan and international oil companies, investors, financiers and technical service providers to advance near-term investment opportunities across the country’s reopening energy sector.

 

Officially supported by the Ministry of Hydrocarbons and national oil company PDVSA, Venezuela Energy Week 2026 is designed to accelerate capital deployment across one of the world’s largest hydrocarbon resource bases.

 

Venezuela holds over 300 billion barrels of proven oil reserves – the largest globally – alongside more than 195 trillion cubic feet of natural gas. With current production at approximately 1–1.1 million barrels per day, the government has set a strategic target to restore output toward 3 million barrels per day through phased investment, field rehabilitation and expanded private sector participation.

 

Recent 2026 hydrocarbons reforms are materially reshaping the commercial framework. These include reduced fiscal burdens, expanded production-sharing mechanisms, strengthened arbitration protections and increased operational control for foreign partners. For international investors, these changes signal a shift toward more internationally aligned contract structures and improved capital recovery visibility.

 

The investment case is underpinned by scale, speed-to-market potential and significant brownfield upside. Venezuela’s producing basins – particularly the Orinoco Oil Belt, Maracaibo Basin and Eastern Venezuela Basin – offer a combination of undeveloped mega-projects and mature assets primed for enhanced recovery. Priority opportunities include large-scale developments across the Orinoco Belt, including Junín, Carabobo and Ayacucho; brownfield rehabilitation in the Maracaibo Basin; reactivation of shut-in wells through new drilling programs; and heavy crude upgrading and blending infrastructure to support export growth.

 

In parallel, underutilized refining capacity and constrained midstream infrastructure are opening near-term investment opportunities across rehabilitation, logistics and export systems. Refining capacity of nearly 1.3 million barrels per day is currently operating at roughly 35% utilization, creating immediate opportunities in refinery rehabilitation, midstream logistics, storage and export terminal expansion.

 

Gas monetization is emerging as a key growth segment, with offshore developments such as the Dragon and Cocuina-Manakin fields positioning Venezuela as a future supplier to regional and global LNG markets. Associated gas capture, processing and transport infrastructure remain underdeveloped, offering additional entry points for technical and financial partners.

 

Overall sector rehabilitation is estimated to require up to $100 billion in investment, with approximately $10 billion annually needed over the next decade to restore production capacity, modernize infrastructure and scale exports.

 

Venezuela Energy Week 2026 will feature dedicated investment tracks focused on upstream technical opportunities, commercial structuring, infrastructure integration and digital optimization, including AI-driven field management and energy systems modernization. The program will also include discussions on workforce development and local participation across the evolving oil and gas sector, supported by dedicated Youth in Energy sessions. This track will spotlight emerging talent, early-career professionals and next-generation leadership across the energy value chain, with a focus on skills development, innovation and cross-generational knowledge transfer.

 

With participation from leading industry bodies, the event will align technical expertise with capital deployment strategies, reinforcing its position as a gateway for U.S. and international investors evaluating market re-entry.

 

The program will conclude on 29 October with curated site visits to key upstream and downstream assets, offering investors direct exposure to operational conditions and project readiness across Venezuela’s core producing regions.

 

As global energy markets recalibrate and supply security remains a strategic priority, Venezuela’s reopening presents a high-impact, large-scale opportunity for investors navigating a complex but increasingly investable environment.

The summit is organized by Energy Capital & Power. For participation opportunities:

 

 

For more information, visit www.VenezuelaEnergyWeek.com.

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

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Energy

Etu Energias Strengthens Angolan Footprint, Returns to Angola Oil & Gas (AOG) 2026 as Champion Sponsor

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Etu Energias

The company is advancing redevelopment projects, deepwater acquisitions and long-term production targets, reinforcing its position as one of Angola’s fastest-growing indigenous upstream players

LUANDA, Angola, June 1, 2026/APO Group/ –Angolan oil company Etu Energias is making its return to the Angola Oil & Gas (AOG) Conference and Exhibition – taking place September 9-10 with a pre-conference day scheduled for September 8 – as a Champion Sponsor, underscoring its expanding role in the country’s upstream landscape. The sponsorship comes as the company accelerates redevelopment campaigns across mature assets, deepens its offshore portfolio and pursues ambitious long-term growth targets aimed at strengthening Angola’s production outlook.

 

Already holding a prominent position within Angola’s oil sector, Etu Energias has implemented a series of 2030 goals centered around strengthening production at mature assets, restoring production and exports at onshore acreage, participating in ‘golden blocks’ and establishing partnerships with international players. These align closely with its own target of reaching 80,000 barrels per day (bpd) by 2030 while supporting Angola’s goal of sustaining output above one million bpd in the long-term. Recent milestones reflect these ambitions.

In May 2026, the company – alongside partners Poliedro, Kotoil, Falcon Oil and Prodoi – completed drilling and testing operations at the Espadarte 7ST2 well at Block 2/05 in the Lower Congo Basin. Initial tests showed stabilized production at around 2,000 bpd and 2,500 bpd, reinforcing the commercial viability of the Greater Espadarte – the last development area of the block. The partners are planning to drill one more appraisal well before finalizing the development plan.

At the same time, Etu Energias has continued to strengthen its offshore portfolio through strategic acquisitions. In March 2026, the company acquired a 20% and 10% stake in Block 14 and 14K respectively through a $310 million transaction. The deal was financially backed by Chariot and Shell Western Supply and Trading and marks another step in the company’s transformation from a domestic producer into a more diversified upstream player with exposure across multiple basins and production environments.

Beyond upstream projects, Etu Energias continues to expand its downstream portfolio through the development of service stations across the country. In the local content space, the company invests extensively in workforce development, education and skills transfer. This month, Etu Energias announced the first results of its STEM Program – spearheaded by ADPP Angola with the support of Etu Energias, the National Oil, Gas & Biofuels Agency and its Block 2/05 partners. The $412,000 program strengthens technical and scientific education in the country, with more than 8,000 students set to benefit by 2028.

As a Champion Sponsor of AOG 2026, Etu Energias will join government officials, operators, financiers and technology providers in Luanda to discuss the future of Angola’s oil and gas sector. Taking place at a pivotal moment for the country’s upstream industry, the conference serves as a platform for advancing investment, strengthening partnerships and supporting the exploration and redevelopment activities needed to sustain Angola’s long-term production goals.

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

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