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Sonangol Joins African Energy Week (AEW) 2025 as Lead Sponsor Amid Major Production Milestones

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Working in collaboration with international operators, Angola’s national oil company has brought several offshore oil projects online in 2025

CAPE TOWN, South Africa, August 14, 2025/APO Group/ –Angola’s national oil company Sonangol has joined the African Energy Week (AEW): Invest in African Energies 2025 conference – taking place September 29 to October 3 in Cape Town – as a Lead Sponsor. Sonangol’s participation comes as the company achieves a series of production milestones in collaboration with international operators across strategic offshore projects, and is poised to create new pathways for partnerships in Angola’s oil and gas sector.

In July 2025, Sonangol – alongside project partners Azule Energy (operator) and Sinopec – started production at the Agogo FPSO. Situated in Block 15/06 and forming part of the broader Agogo Integrated West Hub Development, the FPSO joins the operational Ngoma FPSO to harness resources from the Agogo and Ndungu fields. With the start of the Agogo facility, peak production has been revised upwards to 1750,000 barrels per day (bpd), offering a much-needed boost to the country’s production portfolio. The project partners are now focusing on bringing the facility to its full operational capacity.

This follows the start of two additional offshore projects in July 2025, which collectively brought 60,000 bpd to the market. In collaboration with TotalEnergies (operator), SSI, Etu Energias and Falcon Oil, Sonangol started production at the Begonia project in Block 17/06. With a capacity of 30,000 bpd, the project features five wells tied back to the PAZFLOR FPSO and represents the first inter-block development in the country. Additionally, in collaboration with TotalEnergies (operator), Equinor, ExxonMobil and Azule Energy, Sonangol also brought the CLOV Phase 3 Development online. Situated in Block 17, the project comprises four wells tied back to the CLOV FPSO and also boasts a capacity of 30,000 bpd. A testament to the role international collaboration plays in Angola’s oil and gas market, these projects utilize existing offshore infrastructure to drive Angolan oil production at a time when the country seeks to sustain output above one million bpd.

Sonangol has positioned itself as both a strong partner for international companies and a competitive operator in its own right

Upcoming projects will further support production growth in Angola. Notably, Sonangol is working with TotalEnergies (as the operator) on the Kaminho project. Situated in Block 20/11, the project is the first large deepwater development in the Kwanza basin and targets 70,000 bpd. A final investment decision was reached in 2024 with production slated for 2028. As a partner in the New Gas Consortium, Sonangol is also developing Angola’s first non-associated gas project. Featuring the Quiluma and Maboqueiro shallow water fields, the project will harness resources from the fields through two offshore platforms and an onshore gas processing plant connected to the Angola LNG facility. The platforms were completed in early 2025, with production set to start in late-2025.

These developments align with Sonangol’s broader strategy to establish itself as a competitive operator, reflecting the company’s capabilities to work with international partners to drive exploration and production. With stakes in 35 concessions and daily production exceeding 200,000 bpd, Sonangol plays an instrumental part in the industry. To further augment its position as a major upstream player, the company is preparing to launch an Initial Public Offering (IPO) in 2026, with 30% of its shares becoming available. The IPO will provide critical financing for Sonangol’s exploration and production portfolio, supporting future acquisitions and investments.

Beyond the upstream sector, Sonangol is advancing downstream developments with a view to enhance Angola’s refining capacity and support regional fuel security. In 2025, the company is preparing to start operations at the Cabinda oil refinery – the second refining facility in the country. With an initial capacity of 30,000 bpd, the project could be expanded to 60,000 bpd and will provide much-needed fuel products for the domestic market. Additional facilities are planned in Lobito (200,000 bpd) and Soyo (100,000 bpd), reflecting Sonangol’s commitment to advancing the development of Angola’s oil and gas value chain.

Sonangol’s participation at AEW: Invest in African Energies 2025 showcases its ambition to not only become a major upstream operator but a driver of African oil and gas development. As the largest event of its kind on the continent, AEW: Invest in African Energies 2025 takes place under a mandate to make energy poverty history, connecting international partners with African projects. Sonangol’s participation is expected to facilitate new deals and collaborations – both in Angola and across the regional landscape.

“Sonangol has positioned itself as both a strong partner for international companies and a competitive operator in its own right. The company’s strong upstream portfolio, commitment to production growth and experience in delivering successful offshore projects is expected to consolidate Angola’s position as a leading global oil producer,” states NJ Ayuk, Executive Chairman, African Energy Chamber.

Distributed by APO Group on behalf of African Energy Chamber.

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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