Connect with us
Anglostratits

Business

Reform has Benefited Angola’s Oil and Gas Industry – and there Should be More of it (By NJ Ayuk)

Published

on

AOG

Despite the progress made so far, Angola’s government has yet to proceed with plans to sell up to 30% of Sonangol

JOHANNESBURG, South Africa, August 20, 2024/APO Group/ — 

By NJ Ayuk, Executive Chairman, African Energy Chamber (https://EnergyChamber.org).

Chevron is already a major player in Angola’s oil sector, where it holds a market share of 26%. However, the U.S.-based major recently took a step that promises to expand its footprint further. Specifically, it announced in mid-June that it had signed contracts for two license areas off the coast of Angola – Blocks 49 and 50, both located in an ultra-deepwater section of the Lower Congo Basin.

Just a few years ago, this deal wouldn’t have been possible.

First, the other party to the contracts — the National Oil, Gas and Biofuels Agency (ANPG) — didn’t even come into existence until 2021. That’s when the Angolan government, led by President João Lourenço, created the agency to serve as the state oil and gas concessionaire — that is, the government body responsible for negotiating petroleum agreements, a role previously assigned to the national oil company (NOC) Sonangol. Diamantino Pedro Azevedo, Minister of Mineral Resources and Petroleum has made it a point that Angola must not choose between economic growth and environmental protection. He crafted solutions to energy transition, reforming the energy sector, while simultaneously increasing market certainties and creating opportunities. For the energy companies, certainty translates into confidence, and confidence leads to more investment, more jobs and more robust growth for Angola.

Second, the type of contracts Chevron signed for Blocks 49 and 50 wasn’t available in Angola until 2020, when they were launched as part of the Angolan plan to reform and incentive investment in its oil and gas industry, an initiative that dates to 2017.

These risk service contracts (RSC), as they’re known, are designed specifically for high-risk projects that are anticipated to have trouble securing investment commitments through the usual channels — that is, competitive bidding processes and the signing of production-sharing agreements (PSA).

Under RSCs, investors provide exploration and development services in exchange for guaranteed payments. This is in contrast to PSAs, under which investors are entitled to claim a share of production, assuming that exploration leads to commercial development.

In other words, the Angolan government’s reform program made Chevron’s deal for Blocks 49 and 50 possible. (It has also made other deals possible, including the RSCs signed in 2020 by ExxonMobil, another U.S.-based giant.)

A New Frontier

Chevron has not yet made many details of its new contracts public. It has not, for instance, revealed the value of the deals.

However, the company certainly seems to view these projects as significant. As William Lacobie, the managing director of the company’s Southern Africa Strategic Business Unit, pointed out last month, Blocks 49 and 50 represent a new frontier for Chevron subsidiary Cabinda Gulf Oil Co. Ltd (CABGOC). Thus far, he noted, CABGOC has focused on Blocks 0 and 14, both located in well-explored sections of the Angolan offshore zone. Blocks 49 and 50 will be “CABGOC’s first operated assets outside of our existing Cabinda concession area,” he said.

But Chevron will not be the only party to benefit. Angola also stands to gain from the new contracts, which will add value to the national economy. This value will come partly in the form of investment and partly in access to the sophisticated new technologies needed to explore (and possibly develop) the ultra-deepwater blocks.

A Sign of Reform

The benefits aren’t limited to money and technology, however. The RSCs for Blocks 49 and 50 also show that the reforms driven by Diamantino Pedro Azevedo are opening up new opportunities for the oil and gas industry.

Let me explain.

Angola has made a number of other changes since 2017 in a bid to encourage IOCs to do business there

The RSCs are attractive to Chevron because they give the company an opportunity to earn money even though Blocks 49 and 50 lie within the ultra-deepwater section of the offshore zone. These areas have yet to be fully explored, and they lack the extensive production infrastructure that supports the U.S. major’s upstream operations at Blocks 0 and 14. In other words, the new contracts allow the company to enter a frontier province and expand its footprint in Angola without incurring too much risk.

At the same time, the deals benefit the country, as they will bring Chevron’s expertise, equipment, and technology to these ultra-deepwater sites, hopefully as a prelude to further investment in the area by other international oil companies (IOCs). This is not something Angola could have accomplished in other ways, as Sonangol does not have the resources needed to explore and develop the blocks on its own, and a competitive bidding process might have failed to attract other investors.

The same is true of ExxonMobil’s deals for Blocks 30, 44, and 45. Without RSCs, these sites, all of which are located within another frontier province known as the Namibe Basin, might never have been able to secure investment commitments.

Other Changes for The Better

The availability of RSCs aside, Angola has made a number of other changes since 2017 in a bid to encourage IOCs to do business there.

For example, it has formulated plans for partial privatization of Sonangol. The NOC had previously functioned more as an arm of the government than as an oil company, serving as the main point of contact for all potential partners, enforcing industry laws and regulations, and operating multiple non-core subsidiaries at the behest of officials in Luanda. Now, though, it has hived off many of its daughter companies and is preparing for an initial public offering on local and international exchanges.

Meanwhile, Angolan authorities have also established a permanent offer scheme that allows ANPG to accelerate the pace of signing contracts by negotiating directly with IOCs on certain projects rather than carrying out competitive bidding rounds. Additionally, it has revised the tax code to offer additional incentives to investors in the petroleum sector and has reformed local content policies in ways that are designed to help IOCs work with local contractors.

Moreover, Angola has taken steps to assist the oil and gas sector less directly. For example, it now permits citizens of 98 countries to visit Angola without a visa, up from 62 previously. This measure was ostensibly designed to facilitate tourism, but it also promises to benefit IOCs since some of the new entries on the list are countries that host the world’s biggest oil and gas operators, such as the U.S., the UK, South Korea, Japan, and India.

Altogether, these measures seem to have helped Angola weather the coronavirus (COVID-19) pandemic in 2020 and other events that disrupted global energy markets in subsequent years. They have also allowed the country to attract investments for new projects. These include deals for construction of the Cabinda and Lobito refineries and for the expansion of liquefied natural gas (LNG) exports to Italy by 1.5 billion cubic meters (bcm) per year.

More Reform Needed

Even so, Angola has more work to do. Reform must continue.

Despite the progress made so far, Angola’s government has yet to proceed with plans to sell up to 30% of Sonangol. It has set a deadline of 2026 for the company’s IPO, but it has also said it will only move forward after taking certain steps to establish the NOC as a vertically integrated oil and gas company that has a substantial upstream footprint and more capacity to meet domestic fuel demand, as the AEC discussed in greater detail in July 2023.

Moving forward, the government will need to ensure that these steps do not falter.

If Luanda fails to take these steps and enact further reforms, it risks losing some of the ground it has gained. It will have a harder time staving off a long-term decline in crude oil output, boosting natural gas production, attracting funding for refining and petrochemical projects that can supply the local market with cleaner fuels, and laying the groundwork for its eventual transition to renewable energy.

Therefore, it must work to make the country more competitive, more business-friendly, and more transparent. It should clamp down on corruption and improve oversight of its sovereign wealth fund, which handles the state’s earnings from oil and gas sales. It ought to team up with investors to look for ways to maximize local content, and it should consider additional tax breaks for IOCs.

Moreover, it should establish a domestic value chain for the country’s natural gas production by encouraging consumption of liquid petroleum gas (LPG). This would allow many more Angolans to gain access to clean-burning fuels and phase out the use of biofuels that contribute to deforestation such as charcoal and wood.

It’s true that Angola’s oil and gas sector has made progress since 2017, thanks to the reforms enacted by the Lourenço administration. But the reform process should not stop here, with the signing of Chevron’s new RSCs. It should move forward so that the country has a better chance to aim for a brighter future.

Distributed by APO Group on behalf of African Energy Chamber.

Business

Nigeria and Senegal Must Follow Ghana and Mozambique Against Exclusionary Practices

Published

on

African Energy Chamber

African private sector leaders call for withdrawal from Frontier Energy events that marginalize local talent, championing inclusion, fair contracting and the Alliance model of partnership

JOHANNESBURG, South Africa, April 10, 2026/APO Group/ –The African private sector is raising the alarm over Frontier Energy Network’s policies that systematically exclude African professionals and service providers from meaningful roles in major energy forums. Such exclusionary practices threaten decades of progress in African energy development, including local capacity building, knowledge transfer and economic participation.

Frontier’s approach, framed as a global platform for Africa, is in practice a system that extracts value from the continent while denying Africans the opportunities to lead, participate and benefit. Marginalizing the very people who build, operate and sustain energy projects is not partnership – it is structural exclusion masquerading as opportunity.

African businesses – particularly in Nigeria and Senegal, which drive regional growth – must reassess their participation in platforms that perpetuate these policies. African capital, sponsorship and attendance cannot continue to legitimize forums where local stakeholders are systematically sidelined. Market access must be earned and mutually respected.

Mozambique and Ghana have already set a precedent. In March 2026, Mozambique’s oil and gas industry withdrew from the Africa Energies Summit in London, citing repeated failures by the organizers to improve diversity, transparency and inclusion of Black professionals in leadership, contracting and deal-making roles. In early April 2026, the Ghana Energy Chamber followed suit, formally pulling out of the same summit over discriminatory hiring practices that sidelined African professionals, executives and service providers. These coordinated actions send a clear message: Africa will no longer support platforms that deny its talent the right to lead, contribute and benefit.

Africa will no longer sit quietly while its talent is excluded from opportunities on its own continent

The gold standard for companies to thrive in Africa is robust collaboration with international partners while building local capacity – exemplified by Senegal-based energy services company Alliance Energy. Alliance has advanced African expertise in the sector, notably supporting the launch of the National Institute for Petroleum and Gas in Senegal to train young professionals for leadership roles, while backing diverse energy initiatives across power, solar, gas and wind that strengthen Senegal’s position as a regional energy hub.

This success demonstrates that African companies flourish when local talent, leadership, contracting and workforce development are central to execution, alongside strategic partnerships with the US, UK and Europe. Any entity attempting to operate in Africa without a commitment to hiring or contracting local professionals threatens not only the ecosystem that nurtured companies like Alliance Energy but also the continent’s broader ambition to grow regional capability, ownership and sustainable energy development.

“The message is simple,” says Dr. Ndjuga Dieng, Managing Director of Alliance Energy. “Africa will no longer sit quietly while its talent is excluded from opportunities on its own continent. Nigeria, Senegal and all African nations must follow the lead of Ghana and Mozambique by standing against platforms that discriminate. Protect your people, your companies and your energy future. Inclusion is not optional – it is the foundation of growth.”

African energy markets have historically thrived on collaboration, both within the continent and with international partners. Events such as the Offshore Technology Conference (OTC) and the Invest in African Energy (IAE) Forum exemplify this model, integrating African executives, policymakers and service providers into core programming, deal-making and knowledge transfer.

African stakeholders must prioritize platforms that respect local content, equitable hiring and fair contracting. Strategic withdrawal from exclusionary events is not isolationism – it is a stand for principle, economic logic, and the future of Africa’s energy sector. The continent defines its own trajectory and will engage only with partners that recognize African talent as integral, not optional, to the industry’s future.

The position advanced by Alliance Energy aligns with broader advocacy across the continent, including that of the African Energy Chamber, which has consistently called for stronger local content policies, fair contracting practices and greater inclusion of African professionals across the energy value chain. This alignment underscores a growing consensus among African private sector leaders that sustainable industry growth depends on meaningful participation by local companies and talent, not their exclusion.

Distributed by APO Group on behalf of African Energy Chamber.

Continue Reading

Business

Sheraton Nouakchott marks the entry of Marriott International in Mauritania

Published

on

Nouakchott

As Mauritania’s cultural and economic heart, Nouakchott offers visitors a glimpse into the serene beauty and rich heritage that define this remarkable Northwest African nation

We are proud to have brought Marriott International to Mauritania with the opening of Sheraton Nouakchott, the first internationally operated and branded hotel in the country

NOUAKCHOTT, Mauritania, April 10, 2026/APO Group/ –Sheraton Hotels & Resorts, part of Marriott Bonvoy’s (www.Marriott.com) portfolio of more than 30 hotel brands, recently celebrated the opening of Sheraton Nouakchott Hotel (https://apo-opa.co/4t3YGO4), marking the entry of Marriott International into a new territory, Mauritania. Since opening its doors, Sheraton Nouakchott has, positioned itself as a new hub for business, events and leisure in the Mauritanian capital.

 

Nouakchott, the capital of Mauritania, is a coastal city where tradition and modernity meet. Nestled between the vast Sahara and the Atlantic Ocean, it serves as a gateway to the country’s breathtaking natural landscapes, from golden dunes and tranquil oases to rugged coastlines and untouched desert plains. As Mauritania’s cultural and economic heart, Nouakchott offers visitors a glimpse into the serene beauty and rich heritage that define this remarkable Northwest African nation.

Ideally located near iconic landmarks such as the Marché Capitale and the National Museum of Mauritania, as well as Nouakchott’s beaches and fishing port — and just a short distance from the desert — Sheraton Nouakchott offers an ideal base from which to discover the destination.

“We are proud to have brought Marriott International to Mauritania with the opening of Sheraton Nouakchott, the first internationally operated and branded hotel in the country. Since welcoming our first guests, the hotel has quickly established itself as a destination for both travellers and the local community. This milestone underscores our commitment to delivering exceptional hospitality experiences in emerging markets, while celebrating the culture and character of each destination,” said Sandra Schulze‑Potgieter, Vice President, Premium, Select & Midscale Brands, Europe, Middle East & Africa, Marriott International.

Local design inspiration

Traditional crafts, from wood carving to metalwork, are woven throughout the hotel’s materials and furnishings, creating spaces that feel both rooted and refined. Every detail tells a story of local artistry, heritage and place, offering guests an immersive experience inspired by Mauritania’s cultural and natural beauty.

Inspired by the legendary landmarks along the Trans‑Saharan trade route, the hotel’s design blends regional heritage with contemporary elegance. The circular ceiling of Feast restaurant draws inspiration from the Richat Structure, also known as the Eye of Africa. Earthy tones and organic materials reference the dramatic landscapes of the Adrar Mountains, while patterns inspired by Chinguetti and Oualata are reinterpreted throughout guest rooms, public spaces and Bene restaurant.

Meeting spaces echo the stone architecture of Tichitt, one of West Africa’s oldest towns and a historic caravan hub.

Guest rooms and suites with local charm

Sheraton Nouakchott features 200 spacious guest rooms and suites, including two Presidential Suites, combining contemporary comfort with subtle local touches. All rooms are equipped with the latest technology and Sheraton signature amenities, including the iconic Sheraton Sleep Experience.

The Sheraton Club offers Marriott Bonvoy Elite members and Club guests an elevated, all‑day experience, with curated food and beverage offerings, premium amenities, enhanced connectivity and a private environment designed for both productivity and relaxation.

Local flavours meet international influence

The hotel features two restaurants, a Lobby Bar and a Pool Bar. Feast, the all‑day dining restaurant, serves locally inspired and international dishes made with seasonal ingredients. Bene offers an immersive Italian dining experience in a warm, inviting setting. The Lobby Bar provides a relaxed meeting point from morning coffee to evening gatherings, while the Pool Bar offers refreshing drinks and light bites by the outdoor pool.

 

Facilities offering a resort feel in the heart of the city

Despite its central urban location, Sheraton Nouakchott delivers a resort‑like atmosphere, centred around an expansive outdoor pool. Guests can maintain their fitness routines in the fully equipped fitness centre — featuring separate floors for women and men, hammam and sauna — or enjoy the outdoor tennis court. The Sheraton Spa features three treatment rooms, offering a peaceful retreat after a day of exploration or meetings.

Meetings & events curated to perfection

Sheraton Nouakchott offers more than 2,600 square metres of flexible Meetings & Events space, including a Grand Ballroom, a Ballroom and four additional meeting rooms. A signature Sheraton Community Table sits at the heart of the hotel, providing a welcoming space for informal meetings, remote work and collaboration. A dedicated events team ensures seamless delivery from concept to execution.

Gatherings by Sheraton

In line with Sheraton’s global community‑centred approach, Sheraton Nouakchott hosts Gatherings by Sheraton, curated weekly experiences designed around enrichment, renewal and local stories. Guests and locals can take part in Mauritanian mixology sessions using local mint tea and fruits, or storytelling evenings inspired by Saharan traditions.

Distributed by APO Group on behalf of Marriott International, Inc..

Continue Reading

Business

African Energy Chamber (AEC) Supports Perenco Partnership to Advance Industry 4.0 Skills in Central Africa

Published

on

African Energy Chamber

The African Energy Chamber welcomes Perenco Cameroon and Perenco Gabon’s partnership with UCAC-ICAM to launch an Industry 4.0 lab, advancing local skills development and strengthening Africa’s industrial future

JOHANNESBURG, South Africa, April 9, 2026/APO Group/ –A new partnership between Perenco Cameroon, Perenco Gabon and the UCAC-ICAM Institute in Douala to establish an Industry 4.0 laboratory marks a significant step toward aligning academic training with the evolving needs of the energy and industrial sectors. The facility will give students access to advanced automation, digital simulation and smart production technologies, helping close the gap between academic learning and the practical, industry-ready skills required across Central Africa’s industrial landscape.

 

As the voice of Africa’s energy sector, the African Energy Chamber (AEC) welcomes the initiative as a scalable model for local content development. By equipping students with Industry 4.0 capabilities, the laboratory directly supports the Chamber’s mandate to ensure greater in-country value creation and workforce participation across Africa’s energy value chain. The initiative also addresses critical skills shortages, enabling operators to increasingly rely on locally trained talent.

 

Developing local skills is fundamental to building a competitive and sustainable energy sector in Africa

The partnership underscores Perenco’s long-term commitment to sustainable development and capacity building in Cameroon and Gabon. Designed as a mini-factory, the UCAC-ICAM laboratory enables students to engage with real-world industrial tools and processes. This hands-on approach will support the development of engineers and technicians capable of contributing to key projects, including operations in the Rio del Rey Basin and infrastructure developments such as the Cap Lopez LNG terminal in Gabon.

 

Students across multiple disciplines will benefit from hands-on exposure to the lab’s advanced technologies. General Engineering students will train using robotic systems and virtual reality simulations, while Computer Science Engineering students will focus on industrial IoT and smart technologies. Process Engineering students will gain experience in automated production systems, and Petroleum program students will develop expertise in energy systems and instrumentation control. Graduates from UCAC-ICAM are being actively recruited by leading companies operating in Douala, reflecting growing demand for locally trained, industry-ready talent.

“Developing local skills is fundamental to building a competitive and sustainable energy sector in Africa,” says NJ Ayuk, Executive Chairman of the AEC. “This partnership demonstrates how industry and academia can work together to create a highly skilled workforce that will drive Africa’s industrialization and energy future. It is exactly the type of initiative needed to ensure Africans play a leading role in developing the continent’s resources.”

The UCAC-ICAM laboratory represents a strategic investment in Africa’s industrial and energy future. By strengthening local capacity, advancing technology adoption and supporting independent operators, the initiative aligns with the AEC’s broader vision of a self-sufficient and globally competitive African energy sector.

Distributed by APO Group on behalf of African Energy Chamber.

Continue Reading

Trending