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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.

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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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