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Red Sky Energy Secures 35% Stake in Block 6/24, Eyes New Deals in Angola

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Red Sky Energy

Prioritizing proven or developed assets, the Australian firm is seeking new opportunities in Angola

LUANDA, Angola, January 16, 2025/APO Group/ — 

Australian exploration and production company Red Sky Energy has made its first foray into Africa’s oil and gas market, acquiring a 35% stake in Block 6/24, offshore Angola. Speaking exclusively to Energy Capital & Power (www.EnergyCapitalPower.com), the company’s CEO Andrew Knox cited the Angola Oil & Gas (AOG) conference as pivotal to making the deal happen. Knox participated in a panel discussion during AOG 2024 and the company’s Block 6/24 acquisition underscores the impact the event plays as a platform for engaging with the industry and securing deals.  

What specific factors made Angola an attractive destination for Red Sky Energy’s first international venture? 

Red Sky Energy has been looking at certain opportunities [across the continent] for the last three years and found there are significant opportunities in Angola. The deal we signed represents our first foray into the African continent and is extremely exciting for us. Angola’s production is circa 1.1 million barrels a day and is a well-established market. We focus on proven resources or developed assets, and those with discovered resources that we can use our expertise to develop and bring to market. In Angola, we are seeing plenty of opportunity to do just this. There are a lot of smaller fields situated nearby established infrastructure.  

Currently, for our first entry, we were not looking to operate. We would like to get comfortable in the market and engage with all the players first. However, we are not married to the idea of non-operator. We will also look at operating positions in the future. There is a lot of oil in Angola, with good opportunities and a very supportive government. What the country has done in recent years – with changing their structuring, the establishment of the National Oil, Gas & Biofuels Agency and the improvement of the fiscal terms – is what has attracted us to the market.  

Please elaborate on the potential of Block 6/24, particularly the significance of the Cegonha oil discovery? 

We acquired this interest through direct negotiation with the government. Block 6/24 is located approximately 12km from Luanda and the refinery, which is very convenient for us. It also has an existing well and the Cegonha oil discovery, making it the perfect opportunity for first-entry into the country. The crude is heavy, with an API of roughly 20. However, there is production of that sort of crude in nearby fields, so it won’t be a problem for us to produce, potentially sign an offtake agreement and get the crude to the Luanda refinery.  

How do you envision the partnership with Sonangol and ACREP contributing to the development of Block 6/24?  

We have partnered with Sonangol, the national oil company, as well as ACREP. We have a 35% stake, Sonangol will operate with 50% and ACREP with 15%. Firstly, Sonangol knows the market. They are on the ground in a big way, and so for us, there are no challenges associated with bringing a foreign operator to the country for the first time. Sonangol is well established and has good connections in country. Secondly, ACREP is also a national company. They are a smaller player but quite nimble and we are impressed with their solutions in terms of the way we develop the field.  

The agreement outlines extensive geological and geophysical studies over three years and a potential drilling decision in Year 4. What key milestones does Red Sky Energy hope to achieve in this timeline? 

We are looking at studies and possibly reprocessing existing seismic data. There is approximately 3,000 km² of seismic on the license and we will look to potentially reprocess that partially and assess how to develop the field. On the way forward: do we re-enter the existing well? Will we do a sidetrack or a new appraisal well? This is what we are currently analyzing. We are not waiting three years to drill the well; this is just the timeframe for when we need to make a decision to drill. Obviously, we are looking to see if we can bring that timeframe forward.  

Beyond Block 6/24, what are Red Sky Energy’s long-term ambitions in Angola? 

We are looking at a lot of opportunities in Angola. We hope to create a major profit center for the company in the country. But we are focusing on existing discoveries or those in production – we won’t be looking outright at exploration at this point in time.   

What role did Angola Oil & Gas 2024 play in facilitating the deal?  

Angola Oil & Gas was instrumental for us in so many ways. It was our first participation at the conference and we were able to meet everyone. Everyone from the industry attends the event and it was exceptionally helpful for us. We were very pleased with the way the conference went and we learnt a lot from it. It was very well set-up and well-run conference. In 2025, we will definitely be attending again. In summary we are pleased to now be involved, we are looking at other opportunities and it is a wonderful place to do business in the oil and gas space. We will certainly be pursuing other prospects in Angola – watch this space.  

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

Business

Nominations open for the African Infrastructure Elites 2026/2027

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VUKA Group

From utility executives and engineers to project developers, innovators and financiers, the Elites recognises those helping to expand access, strengthen infrastructure and accelerate sustainable development across the continent

CAPE TOWN, South Africa, July 27, 2026/APO Group/ –​Nominations are officially open for the 11th edition of the African Infrastructure Elites: Projects and People, brought to you by ESI Africa, part of VUKA Group (www.WeAreVUKA.com).

The annual initiative celebrates the visionary leaders, emerging talent and transformative projects making a measurable difference across Africa’s power, energy, water and transport sectors. From utility executives and engineers to project developers, innovators and financiers, the Elites recognises those helping to expand access, strengthen infrastructure and accelerate sustainable development across the continent.

Access and Affordability empowers security for All

This year’s theme, Access and Affordability empower security for All, speaks directly to one of Africa’s most pressing development imperatives. Reliable and affordable access to energy and power, clean potable water and sanitation, and sustainable and clean transport remains fundamental to economic growth, social wellbeing and long-term resilience.

Nominations are invited across a range of categories, including:

  • Leadership and Rising Stars
  • Grid-tied and Off-grid Projects
  • Smart and Digital Solutions
  • Clean Transport and Energy at Mines
  • Water and Sanitation
  • Finance and Investment

Successful nominees will be considered for inclusion in the African Infrastructure Elites 2026/2027 publication, supported by exposure through ESI Africa’s multimedia platforms, industry events, webinars and dedicated social media campaigns.

Organisations and individuals may nominate colleagues, industry partners, innovative projects or their own work. Strong submissions should clearly demonstrate the project or leader’s achievements, impact, innovation and the potential for the work to be replicated elsewhere in Africa.

All entries will be independently evaluated on merit by the African Elites Advisory Board, comprising respected experts from across the industry.

Nominations close on 2 October 2026. Late submissions will not be accepted.

Nominate an outstanding person or project and help celebrate the African visionaries building a more reliable, inclusive and sustainable future.

Submit a nomination: (https://apo-opa.co/4wo3CyF)

Distributed by APO Group on behalf of VUKA Group.

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Energy

S&P Global Energy, CLC Solutions and Colibri Bring Market Intelligence to African Mining Week (AMW) 2026

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African Mining Week

Leading market intelligence and advisory experts will examine the investment trends, policy reforms, infrastructure and local content strategies shaping the future of Africa’s mining sector at this year’s African Mining Week

CAPE TOWN, South Africa, July 27, 2026/APO Group/ –The upcoming African Mining Week (AMW) 2026 – Africa’s Most Influential Mining Conference, taking place October 14–16 in Cape Town – will feature experts from leading market intelligence and advisory firms, including S&P Global Energy, Colibri Business Development and CLC Solutions, across high-level panel discussions and exclusive networking sessions.

 

With the continent holding around 30% of the world’s critical mineral reserves, these firms are providing strategic insights into market trends, policy reform and investment opportunities while supporting governments in developing competitive regulatory frameworks that attract international capital.

Experts from S&P Global Energy will lead several strategic discussions throughout the event. As African governments prioritize mineral beneficiation and downstream industrialization, building competitive value chains has become central to mining policy. Atul Arya, Chief Energy Strategist, will join the Strategic Minerals: Developing a Value Chain that Works for Africa ministerial panel, offering insights into the policy and investment strategies needed to strengthen regional value chains.

Regional infrastructure development will also feature prominently at AMW 2026. Rahul Kapoor, Vice President and Head of Shipping & Metals, will examine investment in transport corridors and cross-border infrastructure during the Regional Connectivity: Financing Africa’s Mineral Infrastructure panel, highlighting projects such as the Lobito Corridor and TAZARA Railway and their role in supporting regional industrialization.

Addressing operational challenges across the sector, Gavin Montgomery, Critical Minerals Market Lead, will participate in the Accelerating Mineral Production: The Energy, Water & Waste Nexus panel. He will explore strategies to improve mining competitiveness through reliable energy supply and sustainable resource management as operators increasingly adopt renewable power purchase agreements, onsite generation, power wheeling and long-term fuel supply agreements to strengthen operational resilience.

Broader geopolitical dynamics will also take center stage at AMW 2026. Thomas Rodriguez, Local Content Director and Developer at CLC Solutions, will participate in the Africa’s Mining Opportunity in the Geopolitical Sphere session, examining how global competition for critical minerals is reshaping investment flows and creating new opportunities for African mining jurisdictions.

As governments intensify efforts to increase in-country value addition, local content and supplier development have become central to mining policy. Ileana Ferber, Founder and CEO of Colibri Business Development, will join the Strengthening Local Content in Africa’s Mining Supply Chain panel to discuss strategies for expanding local procurement, developing competitive supplier ecosystems and increasing the participation of domestic businesses across Africa’s mining value chain.

By convening market intelligence firms, advisory experts, policymakers, investors and mining leaders, AMW 2026 provides a platform for informed dialogue that supports investment decisions and advances the sustainable development of Africa’s mining sector.

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

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Bestselling Angola Reform Book Set for Exclusive Luanda Launch on September 2

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African Energy Chamber

The Amazon bestseller will be launched in Luanda this September, offering insight into the reforms that help shaped the country’s oil and gas market

LUANDA, Angola, July 27, 2026/APO Group/ —Crude Oil: Power, Turnaround and Transformation in Angola {https://apo-opa.co/4wnVNZP} – the latest bestselling book by African Energy Chamber (https://EnergyChamber.org) Executive Chairman NJ Ayuk – will take center stage in Luanda on September 2 with an exclusive launch event at the InterContinental Luanda Miramar. The Luanda launch brings the book directly to the country at the heart of its story, convening Angola’s oil and gas industry around an examination of the policies, leadership and investment decisions that have reshaped one of Africa’s largest oil-producing markets.

 

Released earlier this year, Crude Oil debuted as a Top Amazon New Release. A Portuguese edition was also released in July, expanding access to readers across Angola and the wider Lusophone market. Blending political history, industry analysis and first-hand perspectives from key decision-makers, Crude Oil traces Angola’s evolution through periods of production decline, economic pressure and structural change to its emergence as one of Africa’s most attractive upstream investment destinations. The book features perspectives from Diamantino Azevedo, Minister of Mineral Resources, Oil and Gas, alongside Sonangol Chairman of the Board Sebastião Gaspar Martins and National Oil, Gas & Biofuels Agency (ANPG) Chairman Paulino Jerónimo.

At the center of the book is Angola’s reform agenda and the role it has played in restoring investor confidence and stimulating exploration. Under efforts to curb production decline and attract capital into both mature and frontier basins, the country established a dedicated upstream regulator (ANPG) and downstream regulator (IRDP), while embarked on a multi-year licensing round targeting 50 concessions by 2025. The introduction of a Permanent Offer Regime further opened the market to international capital while policies such as the Incremental Production Decree and Marginal Field program further stimulated investment.

Angola has demonstrated that reform is most powerful when it is followed by execution

These measures have been accompanied by renewed investment from international and independent operators alike. TotalEnergies, Azule Energy, ExxonMobil and Chevron have since expanded their portfolios through license extensions at legacy assets and forays into Namibe and Benguela, while Shell and Petrobras returned to Angola’s deepwater basins in 2025. Onshore, independents are leading drilling and seismic campaigns, led by Afentra, Corcel, Etu Energias, Oando and more. Following a restructuring, Sonangol strengthened its status as an operator through projects spanning both onshore and offshore margins.

The investment push is translating into new production. Begonia and CLOV Phase 3 came online in 2025, collectively adding 60,000 barrels per day, while the commissioning of the Agogo FPSO supported the next phase of the Agogo Integrated West Hub Development. The Kaminho deepwater development is advancing toward a 2028 start, reinforcing the role of large-scale offshore investment in Angola’s long-term production outlook. With up to $70 billion in upstream investment planned over the next five years, the book argues that Angola’s experience offers lessons beyond its own borders: regulatory predictability, competitive fiscal terms and institutional reform can turn resource potential into sustained capital deployment.

“Angola has demonstrated that reform is most powerful when it is followed by execution. The country made difficult decisions, listened to investors, strengthened its institutions and created mechanisms that allowed capital to return to exploration and production,” states Ayuk.

The September 2 launch in Luanda will provide a platform to reflect on the industry’s transformation while looking ahead to the next phase of Angola’s oil and gas development. As new exploration, major projects and billions of dollars in investment move forward, Crude Oil presents Angola’s turnaround not as a completed chapter, but as a reform playbook whose ultimate success will be measured by sustained investment, production and economic impact.

To register, click here https://apo-opa.co/4wnVNZP.

 

Distributed by APO Group on behalf of African Energy Chamber.

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