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TotalEnergies Greenlights Major Offshore Project to Boost Angola’s Oil Production

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TotalEnergies

TotalEnergies and its partners in Block 20/11 announced a final investment decision for the Cameia and Golfinho fields, signaling new opportunities for production growth in Angola’s offshore fields

JOHANNESBURG, South Africa, May 22, 2024/APO Group/ — 

A new milestone has been reached in Angola as energy major TotalEnergies and its partners on Block 20/11 announced a final investment decision (FID) for the Cameia and Golfinho fields. The announcement signals the start of development of the $6 billion Kaminho deepwater project – the first large-scale deepwater development in the Kwanza Basin. As the voice of the African energy sector, the African Energy Chamber (AEC) (www.EnergyChamber.org) commends the partners for the milestone achieved. The AEC believes this project will set a high standard for the development of deepwater projects – both in Angola and across the broader continent.

Block 20/11 is being developed by TotalEnergies as the operator with 40%, energy company Petronas with 40% and Angolan national oil company (NOC) Sonangol with 20%. Located approximately 100km off the coast of Angola in water depths of 1,700 meters, the project features a Floating Production, Storage and Offloading (FPSO) unit with a capacity of 70,000 barrels per day (bpd). The FPSO – the seventh developed by TotalEnergies in Angola – will be connected to a subsea production network, with over 10 million man-hours expected to be involved – primarily covering offshore operations. Now that FID has been reached, production is on track to start by 2028.

Angola has set a target of maintaining oil production at 1.1 million bpd by 2027 and thereafter increasing output to two million bpd. The Kaminho project will be instrumental in increasing production while creating jobs and bolstering economic growth. As the first development in the maritime zone of the Kwanza Basin, the Kaminho project represents a new oil frontier and forms part of a broader national strategy to consolidate the country’s footprint as one of the continent’s biggest oil and gas players.  

Achieving FID while partnering on decarbonization initiatives underscores TotalEnergies and Sonangol’s commitment to the development of low-carbon oil and gas in Angola

For TotalEnergies, achieving FID underscores the energy major’s commitment to developing Angola’s offshore oil and gas reserves. Having been active in the country for over 70 years, the company has established a long-standing partnership with Angola. The Kaminho project further solidifies this partnership while demonstrating TotalEnergies’ expertise in developing low-cost, low-emission oil and gas in Africa.

Meanwhile, for Sonangol – Angola’s NOC-turned-operator – the project highlights the company’s emerging role as a major player in the Angolan oil and gas upstream market. Following a national privatization initiative, Sonangol has been transformed into a competitive operator, and its partnership with TotalEnergies on the Kaminho project demonstrates both its expertise and strategic contribution towards developing large-scale oil and gas projects.

“Angola – one of Africa’s largest oil and gas producers – is proving time and time again its commitment to increasing production and alleviating energy poverty through oil and gas monetization. The announcement by TotalEnergies and the ANPG is a critical step forward towards this goal and the AEC commends the efforts by the partners on Block 20/11 to driving this important project forward. The Cameia and Golfinho fields further cement Angola’s status as a major global producer,” states NJ Ayuk, Executive Chairman of the AEC.  

In addition to the announcement of FID, TotalEnergies signed an MoU with Sonangol EP for the decarbonization of the oil and gas industry, laying the foundation for a new era of low-carbon oil and gas developments in Angola. The MoU will see the parties jointly pursue research and development initiatives, with a strong focus on reducing emissions and increasing renewable energy projects. The respective research and development teams of TotalEnergies and Sonangol EP have agreed to collaborate on the implementation and development of laboratories while supporting the development of skills in the fields of geology and electrification.

“The reforms implemented by the President João Lourenço and his oil minister Diamantino Azevedo are proving effective. They have addressed many of Angola’s above-ground risk issues, streamlined the permitting and approval processes, and made a compelling case for capital investment in the country. Achieving FID while partnering on decarbonization initiatives underscores TotalEnergies and Sonangol’s commitment to the development of low-carbon oil and gas in Angola. This is what Africa needs: to bring its oil and gas resources online while developing low-carbon technologies and skills to support a just energy transition,” adds Ayuk.

Distributed by APO Group on behalf of African Energy Chamber.

Business

Aurionpro expands its multi-country transaction banking engagement with Diamond Trust Bank (DTB)

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Aurionpro

Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers

MUMBAI, India, April 30, 2026/APO Group/ –Aurionpro Solutions Limited (www.AurionPro.com) (BSE: 532668 | NSE: AURIONPRO)a global leader in banking technology, announced the expansion and upgrade of its transaction banking engagement with Diamond Trust Bank (DTB), to modernize and enhance the bank’s corporate transaction banking capabilities across multiple countries.

Download Document: https://apo-opa.co/4edHUaC

This multi-country transaction banking upgrade covering Kenya, Uganda, and Tanzania aligns with DTB’s intent to enhance customer experience, streamline operations, and support growing transaction volumes as it expands its regional corporate banking footprint. DTB continues to focus on building a more agile, ‘digital-first’ banking experience, particularly around payments for its corporate customers across Africa, and is now well positioned to scale these capabilities. As part of its broader transformation agenda, the bank has been steadily investing in platforms that enhance scale, reliability, and service consistency across markets.

Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility

Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers. By enabling DTB to standardize and scale its transaction banking operations across countries, the platform ensures consistent service levels, stronger control, and improved efficiency. It also supports enhanced user experience, advanced security, and the flexibility to introduce new features as DTB expands its regional transaction banking footprint.

Murali Natarajan (https://apo-opa.co/48trPdk), Managing Director & CEO, DTB Kenya   commented: “We are delighted to strengthen and broaden our partnership with Aurionpro Solutions as part of DTB’s ongoing digital transformation journey across multiple markets. Our focus on innovation, operational excellence, and customer-centricity continues to guide our technology investments. This upgrade strengthens our transaction banking capabilities, enabling us to deliver greater value to our customers through robust digital channels and seamlessly integrated experiences.”

Ashish Rai, Group CEO, Aurionpro Solutions, commented: “We are pleased to deepen our multi-country engagement with Diamond Trust Bank and support the next phase of its transaction banking modernization. As DTB continues to scale across markets, platform resilience and consistency become paramount. Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility, deliver superior experiences to corporate customers, and create long-term value across geographies.”

He added, “Aurionpro’s iCashpro lays a strong digital foundation for transaction & wholesale banks across the globe to grow their corporate and SME client portfolio today, while creating a clear roadmap for next- generation capabilities in AI-driven insights, advanced automation and API-led connectivity for businesses in Kenya and across Africa.”

Distributed by APO Group on behalf of Aurionpro Solutions Ltd.

 

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Minerals Council Chief Executive Officer (CEO) Joins African Mining Week (AMW) as South Africa Improves Sectorial Investment Climate

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Energy Capital

Minerals Council CEO to share insights on policy, infrastructure and investment trends shaping South Africa’s mining industry

CAPE TOWN, South Africa, April 30, 2026/APO Group/ –The upcoming African Mining Week (AMW) conference will feature Mzila Mthenjane, CEO of the Minerals Council of South Africa, as a speaker. Scheduled for October 14 – 16, 2026 in Cape Town, the event will bring together global investors, policymakers and industry leaders, with Mthenjane’s participation highlighting the council’s commitment to engaging international stakeholders and promoting investment across South Africa’s mining sector.

His participation comes at a critical moment as the Minerals Council works closely with government on finalizing the Mineral Resources Development Bill 2025, a policy framework aimed at strengthening the country’s mining investment climate and the sector’s contribution to GDP. According to the council, the revised legislation will support new investment across the value chain as South Africa seeks to mobilize R2 trillion over the next five years to unlock its critical minerals potential.

The policy reforms come amid shifting production trends in the sector. In 2025, South Africa recorded declines in gold and platinum group metals output of 1.9% and 4.1%, respectively. The new regulatory framework is expected to strengthen public-private partnerships and stimulate investment, enabling South Africa to increase production and capitalize on strong global commodity prices. Increased private sector investments is crucial with South Africa seeking targeting to unlock an estimated R40 trillion in untapped iron ore potential as well as maintain its position as the world’s leading producer of chrome and manganese.

At AMW 2026, Mthenjane is expected to outline these trends, providing insights into how the council is contributing to addressing challenges disrupting the sector. Infrastructure and energy costs remain key concerns for industry players. To support the energy-intensive sector, South Africa approved a 35% reduction in electricity tariffs for major ferrochrome producers, helping stabilize an industry that has faced significant cost pressures after electricity prices surged by roughly 900% since 2008.

Logistics constraints are also a priority area for reform. South Africa’s economy is losing an estimated R1 billion per day due to inefficiencies across rail and port infrastructure. As a result, the government is considering measures supported by the Minerals Council to increase private sector participation in logistics. Planned reforms include rail modernization initiatives targeting 250 million tons of freight capacity by 2029, alongside port upgrades and private operator participation aimed at strengthening mineral exports and improving supply chain efficiency.

Beyond infrastructure and policy reforms, the Minerals Council is advocating for stronger exploration investment to support long-term industry growth.

At AMW, Mthenjane is expected to highlight these developments and outline the steps required to reinforce South Africa’s position in the global minerals supply chain. His insights will offer investors and stakeholders a timely perspective on opportunities within the country’s mining sector.

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

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Seychelles Targets Energy Investment Push as Minister Jérémie Joins African Energy Week (AEW) 2026 as a Speaker

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African Energy Chamber

Seychelles energy minister will speak at AEW 2026, positioning her to highlight reforms, renewable projects and investment opportunities as the island nation advances its transition toward a diversified energy system

CAPE TOWN, South Africa, April 29, 2026/APO Group/ –Marie-May Jérémie, Minister of Environment, Climate, Energy and Natural Resources for Seychelles will participate as a speaker at this year’s African Energy Week (AEW) 2026, taking place from October 12–16 in Cape Town. Her participation underscores the country’s growing role in shaping Africa’s small-island energy transition agenda.

Minister Jérémie’s presence at AEW 2026 comes at a critical time as Seychelles accelerates efforts to reduce its heavy reliance on imported fossil fuels. The event provides a platform to attract investment, strengthen policy alignment and showcase bankable projects, positioning the country as a viable destination for private-sector participation in island energy systems.

Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments

In May last year, international finance institution the World Bank approved the Renewable Energy Acceleration Program, a seven-year initiative aimed at modernizing the grid and increasing renewable energy penetration to 15% by 2030. The program focuses on unlocking private capital while strengthening transmission infrastructure to accommodate variable renewable energy sources.

Project development is gaining traction in the country, particularly in innovative technologies suited to Seychelles’ land constraints. The 5.8 MW Seysun Lagoon floating solar PV project, developed by independent renewable power producer Qair, is under construction and expected online in 2026.

Alongside renewables, Seychelles continues to pursue upstream opportunities to diversify its economy. The government approved new exploration entrants in 2025 and extended exiting petroleum agreements, while securing an infrastructure partnership with China. Multilateral estimates suggest over $800 million in investment will be required over the next 25 years.

Regulatory reform is central to this transition, with Seychelles introducing an independent power producer framework to open the market to private developers. Standardized power purchase agreements, grid access reforms and strengthened public-private partnership structures are being implemented to improve transparency, reduce risk and accelerate project bankability across solar, storage and emerging wind opportunities.

“Minister Jérémie’s participation highlights the strategic importance of island nations in Africa’s broader energy transition,” says NJ Ayuk, Executive Chairman, African Energy Chamber. “Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments. Her insights will be critical to advancing dialogue on resilient, low-carbon energy systems across the continent.”

Distributed by APO Group on behalf of African Energy Chamber.

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