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Dialogue and legislative public hearings key to PIGB – TOTAL Deputy...

TOTAL E&P Nigeria Ltd says the company has articulated its thoughts and concerns on the recently passed Petroleum Industry Governance Bill (PIGB) and the rest of the proposed bills in readiness for presentation during dialogue and legislative public hearings when it’s time to do so. This position of the company regarding the PIGB was made known by the Deputy Managing Director, Deep Water District, Mr. Ahmadu – Kida Musa while delivering his speech as the Chairman at the 2018 annual conference of the National Association of Energy Correspondents (NAEC) held at the Eko Hotels & Suites, Victoria Island, Lagos Thursday August 16. Speaking based on the theme of this years’ event which is PIGB: EMERGING ISSUES AND CONCERNS, he stated this was done through their umbrella organization – Oil Producers Trade Section (OPTS) of the Lagos Chamber of Commerce and Industry, a position he believes is the best way to go about making sound impute in the PIGB first of the four bills to be passed which is focused on the key governing institutions in Nigeria’s Oil and Gas industry.

Republic of Congo announces promotion of Licence Round Phase 2 to...

London, UK (13 June 2018) – Africa Oil Week and the Ministry of Hydrocarbons of the Republic of Congo today announce the promotion of the Congo-Brazzaville Licence Round Phase 2 2018/19 at Africa Oil Week, 5th – 9th November 2018. Congo Minister of Hydrocarbons, Jean-Marc Thystère Tchicaya stated, “With the support of PGS and AOW, we have scheduled the promotion of Phase 2 of the Congo Licence Round to take place at Africa Oil Week. The Ministry is currently finalizing the details and we expect to use what is the most important oil and gas summit in Africa to act as a springboard for the success of this bidding round.” “We are committed to welcoming the global upstream operators to Congo - we will have an exhibition stand, host a seminar and have private meetings with prospective partners throughout the event, so we encourage the global oil and gas community to join us at Africa Oil Week”

Marriott leads Africa’s hotel growth�

But experts express caution on predictions of future expansion Marriott International tops this year’s table for the most planned new hotel rooms under construction in Africa, according to the influential annual hotel pipeline survey by W Hospitality Group. Details of the report will be one of the key discussions at the Africa Hotel Investment Forum (AHIF), which the Kenyan government recently announced will return to Nairobi, in October this year. Marriott International currently has a development pipeline of 93 new hotels comprising 17,708 rooms in Africa. Almost 50% of those rooms – 8,587 – are already under construction.

Ghana’s President will attend WAMPEX 2018 to celebrate Chamber of Mines’...

The President who has pledged an end to mining which destroys the environment will be special guest of honour at West Africa’s premier mining expo in Accra on May 30 His Excellency the President of the Republic of Ghana will be the Special Guest of Honour at West Africa’s premier mining and power expo this year.   President Nana Akufo-Addo has confirmed his attendance on the first day of WAMPEX 2018 to mark the 90th anniversary of the The Ghana Chamber of Mines. He is expected to speak at the WAMPOC 2018 conference.   “We are honoured to have the President of Ghana attending this year’s event, which is the key mining expo and conference for West Africa,” said Brad Hook, Commercial Director for the co-organisers of the event in Accra.   The President has made mining in his country a top priority since he took office a year ago and he is expected to re-iterate his support for the commercial success of the sector - but not at the expense of the environment.   Earlier this month (Jan 17) he spoke to journalists in Accra where he has promised to end illegal small scale mining, known as galamsey, where individuals often with the support of foreign operators employ destructive heavy machinery to mine and fail to dispose safely of processing chemicals like mercury. The President has warned this is a serious menace to the very existence of the country.   “As I have said a few times, since the Almighty blessed us with precious minerals, there has always been and always will be mining in our country,” said the President.   “We are not against mining, but we cannot accept mining in a manner that risks destroying our country. The reforestation programme that we have started should help to regenerate our forest cover and water bodies, and, hopefully, provide an attractive alternative employment to galamsey. On this subject, all of us, and not just government, have to do things differently.” Ghana is the heart of the West African mining sector and the WAMPEX 2018 expo and WAMPOC 2018 conference is expected to be bigger than ever this year thanks to commodity price stabalisation and greater government support across Africa.

Chevron, SNEPCo, NNPC and NAPIMS Amongst Organisations Confirmed to Speak at...

The Petroleum Technology Association of Nigeria (PETAN) has announced the first set of speakers to feature on the programme at the West African International Petroleum Exhibition and Conference 2018 (WAIPEC), a two day major platform for the oil and gas industry, taking place next month 7-8th February at the Eko Convention Centre, Lagos, Nigeria. Industry leaders and expert speakers have been drawn from key stakeholders involved in the oil and gas industry in Nigeria to lead discussions and provide invaluable insight at WAIPEC 2018. These include: Roland Ewubare, GGM, NAPIMS Egbert Faibille Jnr, Ag. CEO, Petroleum Commission, Ghana Austin Ojunekwu Avuru - Chief Executive Officer, SEPLAT Bayo Ojulari - Managing Director, Shell Nigeria Exploration and Production Company (SNEPCo) Gbite Adenji, Senior Technical Advisor on Upstream & Gas to Hon. Minister of State for Petroleum Resources Engr Simbi Kesiye Wabote, Executive Secretary, Nigerian Content Development and Monitoring Board Jeffrey Ewing, Managing Director, Chevron Dr. Maikanti Baru, GMD, NNPC

African downstream industry offers great opportunities – Dr. Mohammed Amin Adam

The African downstream sector of the oil & gas industry at the moment has exciting opportunities for stakeholders and those willing to invest in the value chain. This was the view of the Deputy Minister for Energy (Petroleum) of Ghana, Dr. Mohammed Amin Adam while delivering a paper to delegates and participants at the 2017 Oil Trading & Logistics (OTL) Expo and Conference at the Oriental Hotel, Lagos. Speaking on the topic: ‘Downstream – Renewed Opportunities’, he highlighted four key areas to buttress these seeming opportunities which are – Cleaner Fuels, Price Deregulation, The need for shared infrastructure and Growing industry safety. Taking them one after the other, on the cleaner fuel he said “the most topical issue being discussed at all levels on the African downstream petroleum industry is the transition to low Sulphur fuel. This drive to move from “Dirty Fuels” to “Cleaner Fuels” has resulted in most countries opting to tighten the specifications for gasoline and gasoil. In line with ARA’s AFRI 4 specification, Ghana, Nigeria, Kenya and a host of other African countries have specified Sulphur levels for diesel imported at 50 ppm maximum, with a view to meeting the specification of 10ppm in the medium term.”

Lack of proper structure, no integrity major challenges to downstream financing...

Financial experts have cleared the misconception of investors over their seeming unwillingness to invest in the downstream sector of the country, stating that it is rather the lack of integrity among other factors on investors path that has led to the sector being denied of financial support in terms of investment required. Speaking on the theme –‘Financing for downstream trading and infrastructure projects’ at the Oil Trading and Logistics Africa Downstream Conference 2017 at the Oriental Hotel, Lagos, the Managing Director of Fidelity Bank Plc, Nnamdi Okonkwo identified lack of proper structure, failure to honour loan repayment agreement and diversion of funds alongside the lack of integrity as some of the major challenges towards financing the downstream oil sector in Nigeria. He stressed that where these factors are effectively dealt with, the bank will certainly finance the sector and maintained that as enablers of proper investment, the banks need structured financing for the downstream sector, stating ‘’ that there is no project the banks cannot finance.” He further stated that with liquidity challenges in the system, there is every

WE HAVE HELPED NIGERIAN COMPANIES FIND THE RIGHT AMERICAN BUSINESS PARTNERS...

We have helped Nigerian companies find the right American business partners - USTDA By Clement Olumba The United States Trade and Development Agency (USTDA) says its active participation in Nigeria in its 30 years of existence in the country, has seen it providing pre feasibility funding for major infrastructure projects. The purpose being really to help infrastructure projects move along, and get them to the point where they can actually be funded and building can begin, this has helped to connect hundreds of businesses in the country with American companies. This was the submission of Mr. Brent E. Omdahl the Commercial Counselor of the U.S. embassy’s mission to Nigeria on Thursday at an interactive forum put together by the Energy Group of the Lagos Chamber of Commerce & Industry ( LCCI) at Commerce House, Victoria Island Lagos. According to him, the US commercial Information sector brokers, builds bridges between Nigerian and US businesses and helps to facilitate favourable terms of business partnerships. With 100 offices all over the US, its strong network has made it possible to find, identify and link companies in the US with Nigerian companies after due diligence checks have been carried out stressing however that the service they provide is demand driven. On his part the Country Representative of USTDA West African Region, Joshua Egba stated that it has invested a lot in infrastructural projects especially in emerging markets and also helps to prepare the ground for projects to become bankable. He also stated that the USTDA core areas of interest are Transport, Energy and Telecom sectors with the biggest attraction and interest being Energy. Joshua also stated that USTDA has facilitated business visits of Nigerian companies to the United States in their various areas of interest under the agencies Reverse Trade Mission (RTM) program and urged interested business entrepreneurs to register with the agency and provide well thought out business plans outlining its financial viability, mutual benefits, plans to handle or mitigate risks among others before they sit with the agency for assessment. He concluded by revealing that its Energy Window call for Proposal is open and runs till the 25th of September, 2017. The United States Trade and Development Agency links U.S. businesses to export opportunities by funding project planning activities, pilot projects and reverse trade missions, while creating sustainable infrastructure and economic growth in partner countries.

Infrastructure deficit: huge challenge to Nigeria’s economic growth & development- Muda...

Infrastructure deficit: huge challenge to Nigeria’s economic growth & development- Muda Yusuf - Government should disengage from direct management of the refineries   Muda Yusuf is the...

Weak regulatory system bane of lubricant sector – Muda Yusuf

Weak regulatory system bane of lubricant sector – Muda Yusuf By Clement Olumba The absence of a strong, active and vibrant regulatory system in the operations...

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Nigeria joins oil war, makes brutal price cuts

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Oil slips as OPEC-Texas agreement looks less likely

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Oxy nears truce with Icahn, adding new directors to its board

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