Day: October 15, 2026

Angola Attracts $10B in Mature Field Investment Through Regulatory Reforms

Angola has attracted more than $10 billion in investment across mature oilfields through regulatory reforms and a flexible approach to investor engagement, according to Alcides Andrade, Executive Board Member at the National Oil, Gas & Biofuels Agency (ANPG). Speaking during a fireside chat at African Energy Week 2026 in Cape Town, Andrade said the investments have helped extend the life of existing assets and add approximately one billion barrels to the country’s reserves, supporting production over the next five years. The investments form part of the ANPG’s broader strategy to…

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Africa’s Oil demand to hit 383 mboe/d,by 2050

……As Continent’s population hits 2.5billion,says OPEC From now until 2050, the Organization of the Petroleum Exporting Countries (OPEC) forecasts an increase in global primary energy demand from the current 312 million-barrels-of-oil-equivalent-per-day (mboe/d) to nearly 383 mboe/d in 2050 – an increase of around 23% over the 25-year period, with growth almost entirely coming from developing countries, including Africa. In its 20th edition of the World Oil Outlook, released in 2026, OPEC included a section dedicated to understanding Africa’s long-term energy role, demographic trajectory, and investment needs, due to the continent’s…

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Africa’s Energy Leaders Honored at the African Energy Awards 2026

The African Energy Chamber announced the winners of the African Energy Awards 2026 during the Gala Dinner and Awards ceremony at African Energy Week (AEW) 2026 in Cape Town on October 13. The awards recognized excellence across services, local content, exploration and production, downstream infrastructure, dealmaking, social investment, gas monetization, technology and power. This year’s winners spanned the full energy value chain. Eni’s discoveries in Angola and Ivory Coast, the Dangote Refinery’s production ramp-up and Congo LNG’s emergence as an exporter were all recognized, alongside the growing role of African…

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Accelerating African Industrialization and Investment

CERAWeek Leadership Circle Calls for affirmative action Africa will need at least $125 billion in refining investment through 2050 across current projects, future projects and maintenance, Abderrezak Benyoucef, Head of the Energy Studies Department at OPEC, said in a fireside chat with Eithne Treanor, Founder and CEO of ETreanor Media, at African Energy Week (AEW) 2026 in Cape Town. OPEC also distributed hard copies of a new study on Africa’s medium- and long-term energy outlook at the session, ahead of its online publication. Africa must accelerate industrialization and attract more…

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