December 16, 2017

2nd Annual Offshore Security in Oil & Gas, Lagos, Nigeria

Collaborate Innovate Execute

6th & 7th August 2015 – Intercontinental Lagos, Nigeria “Collaborate. Innovate. Execute” The Nigerian Oil industry is plagued by several challenges to achieve its maximum output potential. Due to the prevailing security problems, the Nigerian Oil Industry has faced immense losses, from pirate threats, oil thefts on and offshore, Oil bunkering and poor infrastructure. According to the reports 55 attacks in 2014 in African waters or attributed to African pirates. Of these, 41 took place in the west, in the Gulf of Guinea and Atlantic Ocean seaboard, and 12 occurred off the Horn of Africa or along the Western Indian…

Nigerian Oil Dispute Exposes Dysfunction Ahead of Power Shift – WSJ

BN-IP529_NIGERI_J_20150526181628

LAGOS, Nigeria—The most oil-rich nation in Africa nearly ran out of gas this week. Airlines grounded flights because they couldn’t find jet fuel in recent days, and gas stations nearly all closed down. The companies licensed to restock Nigeria’s fuel depots refused to do so, saying the government here—defeated in an election in March—owed them more than $1 billion. The result was the worst fuel shortage here since a 1993 military coup, one that could echo for weeks in Africa’s top economy. Television stations, banks, and cellphone towers all went offline. Doctors worried their emergency rooms would go dark, and…

Court Prevents GEJ From Transferring $500m Oil & Gas Project From Lagos To Bayelsa | 360Nobs.com

The Federal High Court, in Lagos has stopped President Goodluck Jonathan from relocating the $500 million oil and gas project from LADOL Free Trade Zone in Lagos to Agga in Bayelsa. The court which was presided over by Justice JT Tsoho, furthermore, restrained the National Assembly, the Federal Ministers of Transport and Justice/Attorney General of the Federation from acting on the directive given by President Jonathan that oil and gas related cargoes must be discharged at Intels’ facilities in One, Warri and Calabar ports. According to Prof. Fidelis Oditah, a Senior Advocate of Nigeria, SAN, who filed the motion on…

‘There is still hope for non-producing marginal fields’ | The Guardian Nigeria

oil and gas fields

The Chief Executive Officer of Eunisell Solutions, one of #nigeria’s leading oil and gas Service Company focused on accelerated field development, Dickson Okotie has said that all hope is not lost for marginal fields that are yet to produce, in view of the imminent revocation of their license. Okotie stated this at an interaction with newsmen during the 2015 edition of the oil and gas awards in #lagos. He noted that although there are challenges confronting marginal field operators, many of which are related to financing and the lack of access to technical competence, which have prevented them from fully…

Lagos fuel queues caused by road construction gridlock

PertolQueue

NNPC Says PPMC Has over 32 Days Sufficiency of Premium Motor Spirit (PMS) as 17 Additional PMS Laden Vessels arrive Lagos Port The Management of the Nigerian National Petroleum Corporation (NNPC) and its downstream subsidiary, the Pipelines and Products Marketing Company (PPMC) has said it has over 32 days ample stock of petroleum products available for supply across the nation during the yuletide and beyond. The Corporation noted that the market is robust with premium motor spirit also known as petrol and enjoined motorists in Lagos and its environs not to engage in panic buying. The NNPC stated that the…

Alison-Madueke Pledges aggressive implementation of Gas-to-Power Initiatives

AzuraWA

NPDC/Seplat JV Invest over $200m on Azura-Edo IPP Gas Infrastructure The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke has committed to an aggressive and robust implementation of the various initiatives designed to accelerate the provision of adequate gas supply for power generation in line with the Federal Government’s aspiration for the power sector. The Minister who recently announced the N213bn inter-agency initiative to facilitate the liquidation of legacy gas debts in the power sector stated that the Nigerian National Petroleum Corporation alongside its Joint Venture Partners are determined to surpass its mandate of providing the required fuel gas as well…

Nigeria’s Growing Number of Female Oil Bosses

Catherine Uju Ifejika is one of Africa's few female oil industry bosses

Catherine Uju Ifejika is one of Africa’s few female oil industry bosses By Orin Gordon – BBC Business reporter The oil and gas industry is still overwhelmingly male, with surveys showing that the executive boardrooms of petroleum companies are mostly a boys’ club. In Nigeria, a number of well-financed businesswomen are aiming to change the picture there. The Petroleum Minister Diezani Alison-Madueke is a powerful figurehead for them. “The fact that two of the biggest cabinet positions in Nigeria, petroleum and finance, are held by women, show how far we have come,” she told a recent meeting in Vienna, referring…