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Sonangol: A Competitive Partner for United States (US) Investors

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Angola Oil & Gas

Angola Oil & Gas 2024 is hosting a networking event on March 19 in Houston, providing a platform for US companies to forge strategic partnerships with Angola’s national oil company

LUANDA, Angola, March 18, 2024/APO Group/ — 

Angola’s national oil company (NOC) Sonangol has increased its competitiveness and capacity as an operator through a privatization process initiated by the government – set to be complete by 2026. Now, the NOC is actively seeking partners for exploration and production projects, and is inviting US companies to connect with opportunities in Angola. A networking event in Houston on March 19 will foster engagement between US stakeholders and Angolan leaders, including Sonangol.

Hosted by Angola Oil & Gas (AOG) 2024, in collaboration with the National Oil, Gas & Biofuels Agency (ANPG) and the Ministry of Mineral Resources, Petroleum and Gas, the event provides a platform for Sonangol and US investors to explore synergies and forge strategic partnerships for mutual growth.

Organized by Energy Capital & Power, AOG stands as the largest oil and gas event in Angola, fully supported by key stakeholders including the Ministry of Mineral Resources, Oil and Gas, Sonangol, ANPG, the African Energy Chamber, and the Petroleum Derivatives Regulatory Institute. This event serves as a platform to sign deals and advance Angola’s oil and gas industry. For sponsorship or participation as a delegate, interested parties can contact sales@energycapitalpower.com.

Sonangol recently qualified as both an operator and a non-operator in the recent bid round for onshore blocks in the Lower Congo and Kwanza Basin during the ANPG’s 2023 onshore licensing round. Noteworthy is Sonangol’s involvement in Block KON 15, where the company secured a substantial 40% participation interest as an operator alongside Afentra as a non-operator with a 45% interest. Interested companies qualified as associates of the national concessionaire have the opportunity to participate with a 15% interest in the block. This offers promising opportunities for U.S. companies to collaborate with Sonangol and Afentra in the development of Block KON 15, providing access to resources, expertise, and investment prospects in Angola’s energy sector.

Sonangol has already formed strategic partnerships with US companies to develop oil and gas resources. In March 2023, the company partnered with US oil and gas major ExxonMobil to enhance exploration in Angola’s Namibe Basin. An MoU was signed for Blocks 30, 44, and 45, facilitated by the ANPG, aiming to increase competitiveness.

Meanwhile, U.S. company Chevron’s Angolan subsidiary CABGOC and Sonangol – alongside global major TotalEnergies and oil and gas company Azule Energy – recently formed the New Gas Consortium to spearhead the development of the Quiluma and Maboqueiro gas fields. The project encompasses the construction of two offshore wellhead platforms off the northwest coast of Angola, an onshore gas processing plant, and a connection to the Angola LNG plant for the marketing of condensates and gas through LNG cargoes. This collaborative effort aims to harness the potential of these fields, with an anticipated production of four billion cubic meters per year by 2026.

Recognizing the need to diversify revenue streams, Sonangol has expanded into renewable energy sectors. In May 2023, the Solenova consortium, comprising Sonangol and Azule Energy, launched the Caraculo Solar Power Station in Namibe, Angola. This facility, housing 46,000 solar panels, marks Angola’s first photovoltaic plant and is operated by the Solenova consortium. Aligned with Angola’s Energy Strategy 2025, the plant aims to produce 500 MW of renewable energy in the next two years.

Furthermore, Sonangol EP and Azule Energy solidified their commitment to advancing decarbonization efforts in Angola by signing an MoU at last year’s AOG conference. This MoU seeks to identify shared interests, establish a collaborative framework, and explore opportunities for renewable energy projects, including solar and wind, as well as low-carbon blue hydrogen initiatives. This diversification not only spearheads electrification in Angola but opens up new investment opportunities for US investors with expertise in these areas.

As Sonangol continues to evolve and expand its operations, US investors are encouraged to explore the myriad opportunities for collaboration and investment in Angola’s dynamic oil and gas sector. Together, Sonangol and US investors can forge strategic partnerships that not only benefit both parties but also contribute to the long-term prosperity and energy security of Angola.

To RSVP for the Angola-focused cocktail event, please reach out to sales@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power

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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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Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

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As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

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

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

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

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