Latest news with #Sonangol
Zawya
a day ago
- Business
- Zawya
Etu Energias Targets 80,000 Barrels Per Day (BPD), Joins Angola Oil & Gas (AOG) 2025 as Gold Sponsor
Angolan private energy company Etu Energias has joined this year's edition of the Angola Oil&Gas (AOG) conference as a Gold Sponsor. The sponsorship reflects the company's commitment to supporting Angola's oil and gas production goals, as it seeks to sustain output above one million barrels per day (bpd) beyond 2027. For its part, Etu Energias targets 80,000 barrels per day (bpd) by 2030, and the AOG sponsorship highlights a broader objective of engaging with stakeholders to achieve this goal. Etu Energias' sponsorship comes as the company undertakes an ambitious exploration campaign in Angola. The company signed a Risk Service Contract for onshore Block CON 4 in May 2025, outlining a 25-year operating licensing, including a five-year exploration timeframe and 20-year production period. To date, Etu Energias – alongside block partners Sonangol and Gesprocon – have completed the first phase of studies for the block and have defined a seismic survey. The milestone reflects a broader trend by the company to scale-up its exploration and production. By 2030, the company seeks to increase its oil reserves to 387 million barrels. The AOG sponsorship supports this goal by offering a platform for engagement and deal-signing. AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola's oil and gas industry. To sponsor or participate as a delegate, please contact sales@ As Angola's largest private oil producer, Etu Energias has stakes in eight exploration projects, 10 development projects and seven redevelopment projects. The company targets a series of developments in 2025, all of which support the advancement of underexplored blocks in Angola. Notably, Etu Energias plans to complete deforestation and demining for Block FS/FST in 2025, with the first exploration well expected to be spud this year. At offshore Block 2/05, the company plans to complete exploration studies this year, with drilling set for 2025/2026. To support block acquisition, Etu Energias is also planning to hold an Initial Public Offering (IPO) in 2026, aimed at strengthening its financial capacity. The IPO will not only support debt reduction, but provide greater access to a wider investment pool. Etu Energias' exploration and production outlook builds on a highly-successful year in 2024, whereby the company expanded its portfolio of operated and non-operated assets from 6 to 15. The company's oil reserves increased by 2.5 times during this period, reaching 106 million barrels. Major milestones during the year include an increase in block acquisitions. Offshore, the company increased its stake in Block 2/05 from 30% to 36%; in Block 14 from 20% to 29%; in Block 14K from 10% to 14.5%; and in Block 17/06 from 5% to 7.5%. Looking ahead, these acquisitions are expected to increase the company's production capacity as it strives to unlock new deposits in Angola. Beyond the upstream sector, Etu Energias strives to expand its downstream portfolio, following the launch of its lubricant line in 2024. Launched in collaboration with Glide Petroleum, the 1,000-ton-per-month line is expected to start production in 2025. The project aligns with goals by Etu Energias to capture 25% share of the market by 2029. Etu Energias' AOG 2025 sponsorship will support Etu Energias' goals, offering an opportunity for the company to engage with industry leaders, connect with global partners and outline the company's long-term approach to exploration and production. Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
27-05-2025
- Business
- Zawya
Angolan President João Lourenço Selected as ‘Energy Person of the Year'
Angola's President João Lourenço has been selected as the 'Energy Person of the Year' by the African Energy Chamber (AEC) ( in recognition of his drive for good governance, commitment to reform and work to address corruption in Africa. The award recognizes President Lourenço's instrumental role in transforming Angola into one of Africa's biggest oil and gas producers and how his forward-looking vision is expected to consolidate the country's position as a regional petroleum hub in Africa. Since his election in 2017, President Lourenço has turned Angola's economy – and broader oil and gas industry - around. With ageing oilfields and reduced upstream investment, the country was witnessing rapid production decline. However, President Lourenço's long-term strategy to revitalize the industry saw a series of milestones achieved, and in 2025, the country continues to witness a positive growth trajectory across its oil and gas sector. By introducing flexible investment structures, President Lourenço spurred interest back into the industry, leading to greater investment across the entire energy value chain. These include risk service contracts, a permanent offer scheme, marginal fields opportunities and an incremental production initiative. The privatization of Sonangol, the establishment of the upstream and downstream regulators and revised tax codes have further catalyzed spending and transparency in Angola. President Lourenço has also set clear targets for the country. These include plans to sustain oil output above one million barrels per day (bpd) beyond 2027, scaling-up capacity in the natural gas sector while accelerating green energy development. In the oil sector, President Lourenço has spearheaded new development opportunities across the upstream and downstream sectors. With a six-year licensing round introduced in 2019, the country witnessed a surge in investments as major operators sought out new discoveries in both the on- and offshore markets. Now, the country anticipates a $60 billion five-year investment drive, as major players expand their portfolios. Upcoming projects include the Agogo Integrated West Hub Development by Azule Energy and the TotalEnergies-led Kaminho development. To further bolster production, Angola is also opening doors to new block opportunities. A licensing round launching in 2025 will further entice spending, offering 10 blocks for exploration in the Kwanza and Benguela Basins. The country also offers 11 blocks for investment via direct negotiation in conjunction with five marginal fields opportunities. Angola's flexible investment structures – spearheaded by President Lourenço and aimed at supporting a variety of investments – continue to play a major part in facilitating spending across Angola's upstream market. President Lourenço has also positioned the natural gas sector as a catalyst for development in Angola. Already an LNG producer, the country strives to enhance production capacity through associated and non-associated projects. The country's first non-associated project – led by the New Gas Consortium – will come online in late-2025 or early-2026. However, President Lourenço's drive in Angola goes beyond the upstream sector. To address domestic fuel demand, the country targets a refining capacity of upwards of 400,000 bpd. The first phase of the Cabinda oil refinery will begin operations in 2025, introducing 60,000 bpd to the market. Additional investment opportunities in the downstream sector include the planned 200,000 bpd Lobito refinery and the 100,000 Soyo refinery. Under President Lourenço's leadership, the country has engaged investors on these projects, while promoting new downstream developments that promise greater fuel security in both Angola and the broader region. President Lourenço's achievements go beyond oil and gas development. Recognizing the vital need to address climate change concerns, President Lourenço has also been a strong advocate for diversified investments in Africa. Angola is spearheading renewable energy projects as well as green hydrogen. With a commitment to improving peace in Africa, President Lourenço continues to work closely with regional counterparts to foster stability. As Angola celebrates 50 years of independence in 2025, President Lourenço's drive to facilitate inclusive development in Africa will serve as a source of inspiration. 'President Lourenço has not only been an instrumental leader in Angola but has played a major part in facilitating investment and development across the broader African oil and gas landscape. By committing to industry reform, working closely with international partners and implementing clear and actionable objectives, President Lourenço has shaped Angola's oil and gas market into what it is today,' states NJ Ayuk, Executive Chairman of the AEC. The 'Energy Person of the Year' celebrates the achievements of President Lourenço, highlighting how his ambitious and inclusive approach to development has unlocked a wealth of opportunities for Angola and the broader region. Previous award winners include Frank Fannon, Former United States Assistant Secretary of State for Energy Resources, Mohammed S. Barkindo, former OPEC Secretary General, former Namibian President Hage Geingob, Meg O'Neill, CEO and Managing Director, Woodside Energy and Dr. Benedict Oramah, President&Chairman of the Board of Directors, African Export-Import Bank. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
13-05-2025
- Business
- Zawya
Angola at 50: Angola Oil & Gas (AOG) 2025 Affirms Oil and Gas as a Development Driver
As sub-Saharan Africa's second largest oil producer and an emerging global gas player, Angola is revitalizing its oil and gas sector through policy reform, upcoming projects and aligned industry goals. The country has secured over $60 billion in commitments over the next five years, reflecting the growing interest by international financiers and operators in advancing Angolan projects. As the country continues to promote investment, the upcoming Angola Oil&Gas (AOG) conference affirms the role oil and gas plays as a fuel for development in Angola. This year's edition of AOG – taking place September 3-4 in Luanda – is hosted under the theme Angola 50 Years: Oil and Gas as a Development Driver, highlighting the fundamental role the industry has played in the country's economic growth. Taking place on the eve of Angola's 50 years of independence celebration and with a focus on policy improvements, upcoming investment prospects, major developments and cross-sector opportunities, the event underscores how investing in Angola will unlock long-term growth and high returns. AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola's oil and gas industry. To sponsor or participate as a delegate, please contact sales@ Angola's oil and gas industry is at a critical juncture, striving to address production decline while accelerating sustainable growth. An upcoming licensing round – planned for this year – in tandem with the country's 2025-2028 project pipeline is set to bolster production and unlock greater value from the industry. Major developments include the New Gas Consortium's Quiluma and Maboqueiro fields (2026); the Azule Energy-led Agogo Integrated West Hub Development (late-2025); the TotalEnergies-operated Kaminho Deepwater Development (2028); and the Cabinda Oil Refinery (2025). Beyond existing projects, Angola has committed to unlocking its frontier basins, with the Namibe-Benguela, Etosha-Okavango and Kassanje basins at the fore. ExxonMobil is leading exploration in Namibe while Vietnam's XTG signed a deal to explore the Etosha-Okavango basin in 2025. Future discoveries will augment the industry's contribution to the economy while creating new opportunities for joint ventures, increased output and value addition. By sustaining production above one million barrels per day, Angola is positioning the oil and gas industry as a fuel for cross-sector development. The industry already supports activities across key sectors, including mining, agriculture and industry. With goals to become a globally-leading critical mineral producer, produce 17.5 million carats of diamonds by 2027 while enhancing fertilizer production for agri-operations, strengthened synergies between the hydrocarbon, mining and agricultural industries would stand to drive future growth. As such, the government has been implementing policies to support multi-sector development. Regulatory reform and aligned policies are expected to support future projects while diversifying the industry through natural gas monetization. To offset production decline, the country implemented an Incremental Production Decree, comprising attractive firms for companies re-investing in producing assets. The country is also expected to introduce its Gas Master Plan in 2025, designed to attract investment across the gas value chain. These policies have already begun to entice spending, and the government is promoting a flexible approach to investing in Angola. The AOG 2025 conference steps into this picture to provide a platform where the industry can connect, engage and sign deals. In celebration of 50 years of independence and energy leadership in Angola, the event unites stakeholders from across the economy. Major sponsors have already come on board, underscoring the value AOG plays in supporting portfolio expansion and brand exposure by major oil and gas players. Sonangol Integrated Logistics Services, Cabship and Azule Energy have joined as Gold Sponsors; FAMAR and Petrotec have joined as Silver Sponsors; while Algoa Cabinda Services and Enagol have joined as Bronze Sponsors. There are still a range of sponsorship opportunities available. Visit for more information. Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
07-05-2025
- Business
- Zawya
Sonangol Integrated Logistics Services (SONILS) Joins Angola Oil & Gas (AOG) 2025 as Gold Sponsor Amid Strategic Logistics Expansion
Sonangol Integrated Logistics Services (SONILS) – an onshore supply base to the Angolan oil and gas industry – has joined the 2025 edition of the Angola Oil&Gas (AOG) conference and exhibition as a Gold Sponsor. Celebrating 30 years of operations this year, SONILS' return to AOG signals its continued commitment to strengthening Angolan logistics and supporting greater oil and gas production in the country. Situated in Luanda, the SONILS' Integrated Logistics Center logistically supports more than 60% of the country's daily oil production, offering services such as supply base management, oil and gas-related cargo handling, engineering and the development and lease of specialized oil and gas facilities. As an AOG sponsor, SONILS will showcase how these offering support Angola's oil and gas industry goals, as the country seeks to sustain production above one million barrels per day. AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola's oil and gas industry. To sponsor or participate as a delegate, please contact sales@ SONILS' services remain a central part of Angola's oil and gas industry. In April 2025, the company delivered a new Catenary Anchor Leg Mooring (CALM) system for Chevron-operated Block 0. The system will support production continuity at the block and replaces the ageing Malongo unit which has been operating for more than 40 years. Currently stored at SONILS' Heavy Lift Dock, installation is scheduled for late-September or early-October 2025. The milestone follows the completion of the first Flexible Pipe Transpooling operation in 2025 between engineering, construction and services company Subsea 7's ships. Carried out by SONILS, the system consists of the unwinding of 2,321 m of flexible pipes weighing 771 tons from a carousel of the MV Frauke ship, transposing them to the ship situated at the Arctic project. The vessel has been sent offshore, where it will support the Agogo Integrated West Hub Development, operated by international energy company Azule Energy. Looking ahead, SONILS seeks to further support local, regional and international clients as they increase production in Angola's oil and gas industry. At AOG 2024, SONILS Commercial General Manager Joaquim Chipuco stated that the company is improving its relations with international firms and will continue strengthening its logistics infrastructure as more projects come online. Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
05-05-2025
- Automotive
- Zawya
Petrotec Expands Fuel Station Network, Joins Angola Oil & Gas (AOG) 2025 as Silver Sponsor
European manufacturer Petrotec has joined the upcoming Angola Oil&gas (AOG) conference as a Silver Sponsor, reflecting its commitment to supporting the expansion of the country's oil and gas value chain. The company leverages innovation and technology to strengthen mobility and seeks to support Angola's downstream expansion through new mobility solutions. As one of Africa's largest oil producers, Angola is striving to position itself as both a major exporter and regional petroleum distributor. A recent government drive to expand the downstream oil sector has seen new opportunities emerge for infrastructure players, and companies such as Petrotec stand to play an instrumental role in accelerating the development of fuel stations and associated projects. AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola's oil and gas industry. To sponsor or participate as a delegate, please contact sales@ Petrotec has committed to supporting Angola's fuel mobility expansion. In 2024, the company hosted a delegation by Angola's national oil company Sonangol at various Petrotec facilities, enabling Petrotec to showcase its cutting-edge solutions and technologies. The visit included a tour of the company's research and development unit, exploring Petrotec's vision for the future of mobility; a tour of the innovation and industry center, showcasing the company's latest forecourt equipment and technologies; and its new industrial unit in Póvoa de Lanhoso, set to produce Hellonext's sophisticated EV chargers. Sonangol additionally conducted a tour of various fuel station sites in the region, thereby strengthening knowledge-exchange between the companies. With over 40 years of experience, Petrotec offers substantial expertise in the manufacturing of equipment for fuel stations. The company's solutions cover the entire mobility value chain, including electric mobility, hydrogen, infrastructure, fuel pumps, storage solutions, engineering and payment and automation. For Angola, this expertise stands to support efforts by the country to strengthen its downstream industry. Petrotec's sponsorship of AOG 2025 underscores its commitment to this cause and is expected to further boost collaboration across the industry. Distributed by APO Group on behalf of Energy Capital&Power.
