Connect with us
Anglostratits

Business

Sonangol Positions Itself as a Reliable Investment and Industry Growth Partner at African Energy Week (AEW) 2022

Published

on

Sonangol

Sonangol has showcased itself as a reliable investment and energy sector growth partner for investors seeking to explore Angola’s massive energy sector opportunities

JOHANNESBURG, South Africa, October 20, 2022/APO Group/ — 

During a robust presentation and panel discussion held at the Invest in Angola side event at the African Energy Week (AEW) (https://AECWeek.com/) conference and exhibition in Cape Town, Osvaldo A. Inacio, Executive Director, Sonangol, showcased investment opportunities across the Angolan oil and gas industry and Sonangol as a reliable partner for global investors seeking massive and sustainable returns on energy investments.

Having reformed its mission, vision and values to ensure the sustainable development of the Angolan energy sector to drive resource development and monetization for energy security and economic growth, the company is an ideal firm to partner with for investors seeking to invest in a stable energy market and political environment, according to Inacio.

“We have played a crucial role in positioning Angola as Africa’s largest crude oil producer with Sonangol owning 17.5% of the country’s total production and securing 4.2 million tons of refined products to meet local demand. We have huge goals, our ambition is to increase production, gas monetization and development and set up Angola as a regional refinery hub. With the targets that we have set, we are looking for exploration and production partners to up production. We have the resources in ground, we just need to pump to drive industry growth. Regarding the energy transition, it is there but it needs to be done in a fair and just way, hence we need to continue investing in exploration but in a cleaner way. Opportunities for those interested in investing in exploration include in blocks 406 and 506 where we have stakes available for grab.”

With the targets that we have set, we are looking for exploration and production partners to up production

Commenting on opportunities across the gas industry as Sonangol seeks to become a key player to support local consumption and exports, Inacio gave an update of some of the projects the energy company is currently deploying.

He said Sonangol signed a new gas concession in which the company has a big stake and is seeking reliable partners and investors to cooperate with to accelerate development. He said “the country is open for investment for gas, even for solar and we invite investors. We have moved towards gas development in Opaya in the northern side of the country where we are building a fertilizer plant which we will use the gas to power. We are participants in the New Gas Consortium and partners in the Sanha Lean Gas Project.”

Across the midstream sector, the executive highlighted projects such as the Soyo, Luanda and Cabinda refineries and the Barro do Dande Ocean Terminal which Sonangol is implementing and seeking investors to join.

He highlighted that ‘Angola has been importing a lot of refined products and we want to change that, why we have three refinery projects currently underway. Lobito is going to be a game changer for the country where we are looking for investors interested in joining us. We are grabbing partners as we go to avoid delays. The three refineries will add up to 450 000 barrels of energy per day in total, meaning there is going to be space for exports across the region. We are also discussing pipelines with regional countries. We have had a good conversation with Afreximbank about financing these projects.”

The executive director also promoted Sonangol’s renewable energy strategy which includes a 50 MW Solar PV plant the company is developing in Caracula, a 136 GWh gas-to-power generation facility in Zaire Falcao and a green hydrogen project set to be deployed in Saumbe while emphasizing that the company is there to enhance oil and gas exploration, production, trading and exploitation as well as energy transition projects. “We are not giving up oil yet, not just yet. We will be going to gas and move to renewables to address energy poverty in the country and drive economic growth. We plan to develop 1000 MW of renewables by 2030.”

Distributed by APO Group on behalf of African Energy Week (AEW).

Business

Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

Published

on

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.

 

Continue Reading

Business

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

Published

on

Etu Energias

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.

Continue Reading

Business

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

Published

on

Energy

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.

Continue Reading

Trending