Angola Oil & Gas (AOG) 2021 Addresses Energy Transition Impacts on Oil and Gas



Angola Oil & Gas (AOG) 2021 Addresses Energy Transition Impacts on Oil and Gas

The energy transition will not affect our exploration, it will affect the way we produce those hydrocarbons

LUANDA, Angola, September 10, 2021/APO Group/ —

Under the theme ‘Angola Oil and Gas Industry: The Roadmap to Regeneration and Growth,’ the Angola Oil & Gas (AOG) 2021 conference, organized by Energy Capital and Power (, comprised productive panel discussions, informative debates, and insightful presentations on the future of Angola’s oil and gas industry. A debate panel moderated by Sergio Pugliese, President for Angola for the African Energy Chamber, emphasized the impacts the global energy transition has had on Angola’s oil and gas industry and the role exploration will play. Participants included Paul McCafferty, Senior Vice President, Exploration & Production International – Africa, Equinor; Adriano Bastos, Senior President, BP, Angola; and Bráulio de Brito, Chairman of the Board, Angola Oil & Gas Services & Technology Conference, Angola.

In Africa, with countries relying heavily on foreign direct investment for energy project development, the impacts of the transition, reduced financing, and global environmental pressures have, and continue to be, significant. Yet, the panel emphasized that exploration will continue to play a valuable role in Africa, particularly in Angola’s oil and gas industry.

“We believe that exploration does play a role. We have demonstrated that we can improve the efficiency of our operations. By being as efficient as we can, minimizing flaring, sharing within our partnerships, and utilizing technologies that have been proven to enhance our performance, we will make a big difference,” stated McCafferty.

One of the most significant impacts the energy transition could have on Africa is the restriction of socio-economic development. Exploitation of the continent’s natural resources are the best and most effective way of ensuring economic development and poverty eradication. Yet, if the continent is restricted from developing these resources, the transition will not only have a significant impact on the energy sector, but the overall economy at large.

“The world will still need oil and gas, and these will still form part of our energy matrix. We need to deliver reliable, affordable, and accessible energy. There are lots of areas to be tested and improved in Angola. The energy transition will not affect our exploration, it will affect the way we produce those hydrocarbons. We need to think about the carbon footprint, not only emissions,” stated Bastos.

The energy transition has also created opportunities for Angola’s oil and gas industry, with local service companies rising to the challenge, domestic financing institutions playing an increasing role in the energy sector, and decarbonization technologies providing cleaner methods of fossil fuel development.

“It is very challenging to talk about the energy transition when you consider where Angola is right now. As we know, we have a long way to go to build our infrastructure and of course it’s important that we continue with this debate, but we also need to take the opportunity to improve what we are doing within the current oil and gas industry. By improving efficiency, for example, we can maximize production while reducing the impact of carbon emissions,” stated de Brito.

Finally, the panel introduced the value of human capital development, and the role capacity building will play in driving the oil and gas industry, the energy transition, and wider socio-economic growth. With hydrocarbons continuing to play a significant role in Africa, developing human capital, retaining young talent in the industry, and ensuring young people help drive hydrocarbon transformation was emphasized.

“Human capital is one of the biggest challenges in our industry, regardless of the energy transition. We need to change and attract new talents and young talents: people who think outside the box and people who do not do things in a traditional way. The oil and gas industry needs people who are not afraid to embrace change. The industry has suffered with competition from digital companies, with young talent wanting to work within the digital industry and renewables. We need to start encouraging young talent to think oil and gas. This can be done through recruitment as well as through education and programs that foster talent,” stated Bastos.

Short Link:


NNN: :is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor @

Recent Posts

Running for harmony: Morobo residents celebrate International Day of Peace Dutch PM 'targeted for kidnapping by drug gangs': reports The Ministry of Foreign Affairs strengthens the network of Finnish missions abroad and invests in measures promoting the availability of skilled labor Coronavirus: 21% of adults now fully vaccinated, as South Africa emerges from third wave Reopening – call for experts from WHO regions of Africa and South-East Asia to join the Scientific Advisory Group on the Origins of New Pathogens (SAGO) Afghan saffron boss says Taliban will not silence her UNMISS educates Twic County residents in Warrap on revitalized peace deal Time For Urgent Action And Funds To Make Water Central To African Climate Policies Gabonese President Bongo pleaded for an inclusive energy transition Energy Capital & Power, Libya-Analysis LLC partner for the Libyan Energy and Economy Summit 2021 Africa Women Innovation and Entrepreneurship Forum (AWIEF) wins Associations Advance Africa award for outstanding achievement in diversity and inclusion In good times as in bad times, rugby is the life of Sanaa Barakat, the unstoppable of Rugby Africa Gambia Ministry of Petroleum and Gambia National Petroleum Company to attend MSGBC 2021 Oil, Gas and Electricity Conference South Korea’s President Moon raises dog meat ban Africa Oil Week set to host first-ever in-person event in Dubai Fuel 'panic-buying' in UK could see army to rescue Nigerian Mission, Unions in Italy vow to get justice for murdered lady One dead in strong quake on Greek island of Crete Pelosi hints infrastructure delay as US Congress begins huge week Imo leads as NCDC reports 255 new COVID-19 infections UNGA 76: Nigeria seeks UN support against counter-terrorism Cleric tasks women on inculcating good morals in children, society CBN pledges more support for youth empowerment 5.7-magnitude quake shakes Philippines’ main island CAC intensifies support for FG War Against Corruption China's Xi warns of 'grim' situation with Taiwan Coronavirus – Malawi: Daily COVID-19 Information Update (September 26, 2021) Senate President inaugurates 30,000-bird farm in Yobe Coronavirus: Africa CDC joins Global Citizen Live Concert to push for vaccine equity United States Ambassador to the United Nations Ms. Linda Thomas-Greenfield pays courtesy visit to President Dr. Hage G. Geingob on the sidelines of the United Nations General Assembly UNGA-76: Buhari returns with “special assignment’’ from World body NDA 38th Regular Course marks 35th anniversary, members share experiences Falconets spank CAR 7-0 in U-20 women’s World Cup qualifiers Cyclone Gulab makes landfall in eastern India Coronavirus – Zambia: Daily update of COVID-19 statistics (September 26, 2021) NNPC weekly review: FG approves incorporation of NNPC Ltd Majority of women in Iceland’s new parliament, European first Uganda launches last mile connectivity to increase electricity access to rural communities UK police arrest 38-year-old man over teacher’s murder — World — – Nigeria and World News Minister of Education and United Nations Resident Coordinator in Egypt explore potential areas of cooperation Islamist-Israel clashes kill four Palestinians in West Bank Côte d’Ivoire: African Development Bank mission assesses progress of Yamoussoukro agro-industrial project UNGA 2021: World has the resources to end hunger, says African Development Bank chief at United Nations Food Systems Summit Race wide open as Germany votes in post-Merkel election Pele hails Messi for new South American goalscoring record Davido mourns his late photographer NCDC announces 210 additional COVID-19 cases, two deaths California fights with fire to protect giant sequoias Devastated Joshua heads to hospital to check eye socket after losing titles Three dead, dozens injured after US train derailment