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Top Five Oil and Gas Projects in Angola

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Angola

Angola has several E&P projects that are awaiting FID and are set to stimulate new crude oil and gas production by optimizing existing subsea infrastructure

LUANDA, Angola, May 26, 2023/APO Group/ — 

With crude oil production on the rise – increasing by more than 580,000 barrels month-on-month (https://apo-opa.info/3MzMJLN) from December 2022 to January 2023 – Angola is aiming to stabilize its output around 1.3 million barrels per day (bpd) in the next three years. Accordingly, the southern African producer has several notable E&P projects that are in progress and awaiting Final Investment Decision (FID) (https://apo-opa.info/3MzMJLN), which will serve to maximize its existing hydrocarbon resources, optimize existing facilities and subsea infrastructure and enable cost reductions.

Q&M Gas Project

In an effort to drive upstreamgas exploration and monetization, Angola’s New Gas Consortium (NGC) – comprising Chevron, Azule Energy, TotalEnergies and Sonangol – reached FID on the Quiluma and Maboqueiro (Q&M) gas project last August, together with the National Agency of Oil, Gas and Biofuels (ANPG) (https://apo-opa.info/3OD088H). The project consists of two offshore wellhead platforms, an onshore gas processing plant and a connection to the Angola LNG plant and has so far awarded EPC contracts to Saipem for the onshore plant and Quiluma platform; JV Gruppo Antonini/Proger/Kerry Logistics for the Maboqueiro platform; and Baker Huges for the supply of turbo compressors. First gas – planned for 2026 – will play a critical role in advancing Angola’s gas-focused agenda and its exploration and development of non-associated gas.

Agogo Oil Field Development

Azule Energy is undertaking expanded work on its ultra-deepwater Agogo Oil Field Development in Block 15/06, with FID set to take place this year and preliminary works already started. The project involves 36 new wells, including 21 producers and 15 injectors, and a converted FPSO vessel with a production capacity of 120,000 barrels per day (bpd). Azule Energy has already awarded $7.8 billion in contracts (https://apo-opa.info/3OIWMBa), enlisting the services of Yinson Production to operate and maintain the FPSO vessel; TechnipFMC to supply flexible piping; Baker Hughes to provide subsea equipment and services; Aker Solutions to provide dynamic and static subsea umbilicals; and Subsea 7 to transport and install risers, flowlines and subsea structures. Upon completion, the Agogo Integrated West Hub will carry a peak production of 175,000 barrels per day through the new Agogo FPSO unit and the existing Ngoma FPSO, which came online in 2020. 

Azule Energy is undertaking expanded work on its ultra-deepwater Agogo Oil Field Development in Block 15/06

Begonia Oil Field Development 

Last July, TotalEnergies (https://apo-opa.info/3WCUpll) announced a three-billion-dollar FID on the Begonia oil field development in Block 17/06, which will be commissioned in late-2024 and will add about 30,000 barrels of crude oil per day to existing production. Located in water depths of up to 750 meters, Begonia consists of five wells tied back to the existing Pazflor FPSO in adjacent Block 17. The initial investment has been estimated at $850 million and 1.3 million man-hours of work – 70% of which will be carried out in Angola.  

CLOV Phase 3

Favoring short-cycle development projects, TotalEnergies and ANPG announced plans last June to invest $850 million to further develop the CLOV Phase 3 Project located in Block 17, which will expand production in existing fields by 30,000 bpd. With five new wells, the project represents an extension of the subsea production network and its interconnection to the existing CLOV FPSO,as well as the first development to leverage standardization of subsea equipment in the block, bringing significant cost reductions of up to 20%. With production anticipated for 2024, CLOV Phase 3will require two million man-hours of work, of which 1.5 million will be executed locally in Lobito and Luanda.

Cameia-Golfinho Development

One of Angola’s most promising deepwater prospects is TotalEnergies’ Cameia-Golfinho deepwater development in Block 20/11 and Block 21/09, estimated to hold 420 million barrels of oil equivalent. The French major has already issued a tender for a new 100,000-bpd FPSO facility to service the Golfinho field – which is one of seven deepwater discoveries made in Blocks 20/11 and 21/09. FID is expected in June, pending government approval of the field development plan and startup is scheduled for 2027.

The 2023 edition of the Angola Oil & Gas (AOG) conference and exhibition (https://apo-opa.info/3yWXf9D) – organized by Energy Capital & Power (www.EnergyCapitalPower.com)  – will feature high-level panel discussions and meetings as well as exclusive networking forums showcasing investment and partnership opportunities within the country’s oil and gas sector. Scheduled for 13 – 14 September in Luanda, AOG 2023 will unite Angolan energy policymakers and stakeholders with global investors to discuss and optimize the country’s energy future. 

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

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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