Latest News

Novatec Energy & Partners mull over bid for Sonangol’s new oil concessions

Novatec Energy and its partners are mulling over expressing interest to bid for Angola’s upcoming tender for new oil concessions. The Angolan National Oil Company (Sonangol, E.P.) is making arrangements to open a tender for new exploration concessions this year.

In a note on Friday, Sonangol, E.P. says that to this end, the company will make technical presentations on Monday in Luanda the Angolan capital, to inform about the potential of the concerned blocks.

The concessions are located in the blocks situated on the Congo Basin onshore (Con 1, Com 5 and Con 6) and Kwanza Basin onshore (Kon 3, Kon 5, Kon 6, Kon 7, Kon 8, Kon 9 and Kon17).

The company states that all national and foreign companies and interested investors are invited to register to bid.

Aspire Capital awarded 2-year manpower supply contract

Aspire Capital has been awarded a 2-year contract to supply administrative and technical consultants internationally to Statoil. An international energy company with operations in 34 countries, Statoil is the leading integrated oil and gas operator on the Norwegian Continental Shelf.

Statoil has a rich project portfolio and several large investment projects have recently been commissioned, with more to follow over the next two years. The need for project personnel on engineering and construction sites globally will therefore increase significantly. As an emerging supplier of expertise to the energy industry, Aspire Capital will be providing Statoil with a comprehensive suite of technical manpower services.

“This contract award proves the value of combining global strengths and local knowledge,” says Barry Cooper, Technical Director, Aspire Capital. “It is a major win for Aspire Capital and a huge step in the right direction to establish Aspire Capital as a preferred partner for the oil and gas industry.”

Aspire Capital acquires Nogtec

Aspire Capital Group, the Africa -focused energy resources development company, has acquired Nogtec – The All-in-One Africa Oil & Gas Website.

Established in 2010 and based in London and Port Harcourt, Nogtec  is the leading prime source of Africa oil and gas news, information and analysis. The focus of Nogtec´s content is primarily to give the industry in the African region a voice in the highly competitive global energy market.

Nogtec’s  founder, Steve Okoekpen, who will remain in charge, said: “My staff and I welcome this latest exciting development. With Aspire Capital’s backing, we look forward to embarking on the next chapter of our growth through renewed investment in the business.”

Barry Cooper, Technical Director at Aspire Capital, said: “This acquisition supports Aspire Capital’s strategy of investment in consulting, events and publications businesses. In addition to bringing a large end-user customer base, Nogtec will complement the Group’s other core activities and add value to our partnerships in Africa and around the world.”

More information on Nogtec  is available at:

Aspire Capital Group joins United Nations corporate responsibility initiative

Aspire Capital Group, the Africa -focused energy resources development company, today announced that it has become a signatory to the United Nations Global Compact (UNGC) and in so doing has joined the largest voluntary corporate responsibility initiative in the world with over 10,000 corporate participants and other stakeholders from over 130 countries.

Aspire Capital commits to adopting an established and globally recognised policy framework for the development, implementation and disclosure of environmental, social and governance policies and practices.

The company will integrate in its annual sustainability report a description of the ways in which it implements the UNGC principles and supports broader development objectives such as the UN’s Millenium Development Goals.

Notes to editors:

The UN Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with 10 universally accepted principles in the areas of human rights, labour, environment and anti-corruption. With over 10,000 corporate participants and other stakeholders from over 130 countries, it is the largest voluntary corporate responsibility initiative in the world.

For further information on Aspire Capital Group,  please visit 

Aspire Capital Launches New Website and Brand Image

Aspire Capital has unveiled its new corporate identity with a stylish logo and sophisticated new website, to mark the company’s next phase of growth and development. The new corporate image was created to reflect the company’s professional standing and growing reputation as a leading global operation with highly respected expertise, as well as its enterprising business strategy and vision.

In parallel with developing its future brand identity, the company has refocused its business and service offering into four new business streams: Exploration & Production, Consulting, Crude Oil and Refined Products Trading, and Procurement Services. Detailed descriptions of all Aspire Capital’s business and services, including its wholly-owned Exploration & Production subsidiary – Novatec Energy Limited, can be found within the new website.

Stephen Okoekpen, managing director of Aspire Capital said: “The launch of our new corporate website and image signals the start of a new phase of energetic growth for the company. Within our team we have experienced experts in our business areas and this, coupled with our emphasis on service, quality, innovation and safety, gives us the formula for continuing to impress our customers with robust solutions.”

Novatec Energy, Nigeria open for Business

Aspire Energy has opened a new office in the heart of the Nigerian Oil and Gas industry, Port Harcourt.  Located off East West Road, the Novatec Energy Port Harcourt team will focus initially on reviewing opportunities for acquisition, joint ventures, or investments in the energy resources sector.

Bringing over two decades of industry experience to Novatec Energy, Samuel Esome, has been appointed general manager for the company in Port Harcourt, and is responsible for the strategy to drive the business, which will focus on building a diversified portfolio of oil and gas assets in Nigeria with strong emphasis on forging the right partnerships.

Before joining Novatec Energy, Esome’s career in the Oil and Gas industry included roles in Offshore Engineering, HSEQ, and Business Development and most recently as General Manager Sales and Marketing for EDF Energy UK.  His career has spanned many aspects of the industry from Offshore Drilling to Subsea Construction/Engineering and IMR through Consultancy into Asset Integrity.

Stephen Okoekpen, managing director of Aspire Capital, said: “Nigeria is a strategic market for the company and our commitment to building our presence here can now truly be realised as we establish a highly capable, dedicated team and experienced, energetic leadership in place.”

Aspire Capital appoints Barry Cooper as Technical Director

Aspire Capital is delighted to announce that Barry Cooper joined the company as Technical Director on 16th February 2012. Barry joins from JSW Energy Limited, where he was a Senior Engineering Consultant from 1999 to 2011.

Poifo Matoya, Chairman of Aspire Capital, said: “This appointment is a key component of Aspire Capital’s strategic development plan. Barry’s market sector knowledge and clear leadership capability will add to the strength of the management team, at this very important stage of the company’s growth.”

Barry Cooper said: “I am delighted to join the senior management team at this exciting time in the company’s development. Aspire Capital has earned a reputation for technical excellence, innovation and outstanding customer service, and I look forward to building on those strengths to lead the company through the next stage of its ambitious development plan.”

Stephen Okoekpen, Managing Director of Aspire Capital said: “I am very pleased that we have been able to attract someone of Barry’s calibre and experience and I look forward to supporting him in the continued development of our growing business.”