Information Technology Specialist/Field Support Engr Dangote Dancom Technology. Skill in Technical Support, Information Technology. Application SUPPORT, IT Operations, and Strong information technology professional
NNPCL (Nigerian National Petroleum Company Limited) has struggled with bureaucratic inefficiencies, financial constraints, outdated infrastructure, and regulatory challenges, which have hampered its ability to manage and expand its refining operations effectively. These issues have led to a reliance on private sector investments, such as those from Aliko Dangote’s refinery project, to address critical gaps in refining capacity and sector efficiency.
Private investments bring much-needed capital, technological advancements, and operational efficiency, helping to meet domestic refining needs and improve overall sector performance. However, this reliance on private entities also highlights the need for significant reforms within NNPCL. For sustainable growth and improved efficiency, Nigeria’s oil sector must balance public and private sector contributions while addressing the internal challenges faced by state-owned enterprises.
khalifah Ahmed
Faheem Haider Reappointed as Managing Director/CEO of
Mari Petroleum Company Limited
Mari Petroleum Company Limited (MPCL) has announced the reappointment of Faheem Haider as Managing Director/CEO for another three-year term, starting August 12, 2024. This decision, confirmed by a notice to the Pakistan Stock Exchange, reflects the Board's strong confidence in Haider's leadership.
With a wealth of experience in the global oil and gas sectors, Haider has been instrumental in guiding MPCL towards significant growth and strategic excellence. His reappointment is expected to further bolster the company's position in the industry, driving continued success and innovation.
Haider’s leadership has been pivotal in navigating challenges and capitalizing on opportunities, ensuring MPCL’s sustained progress and competitiveness in the dynamic energy landscape. The Board’s decision underscores their commitment to maintaining stability and advancing the company’s strategic objectives under Haider's proven guidance.
Energy Update Magazine congrats to Mr Faheem Haider
#oilandgas#pakistanPetroleum Institute of Pakistan#goodnews
Group Chief Technical Officer at Pan Ocean Oil Corporation / Newcross Exploration & Production Limited
President, Nigerian Association of Petroleum Explorationists (NAPE)
I reflect with great enthusiasm on the groundbreaking announcement of the acquisition of Shell Petroleum Development Company (SPDC) Limited's Nigeria equity interest through a landmark transaction involving Renaissance Africa Energy Company Limited. This consortium, comprised of ND Western Limited, Aradel Energy Limited, the Petrolin Group, FIRST Exploration and Petroleum Development Company Limited, and the Waltersmith Group, marks a significant milestone in our quest to unlock Nigeria's remaining oil and gas reserves and spur production growth.
The divestment by Shell in favor of a consortium of Nigerian independent operators and an international company is a momentous development, aligning with our shared vision to open up investment opportunities that fuel the nation’s economic growth and diversification. It is a rewarding outcome stemming from the federal government's indigenous operatorship program of the 1990s and subsequent initiatives like the marginal fields program in the 2000s, which catalyzed the growth of Nigerian independents.
At the maiden edition of the NAPE's Divestment Workshop in July 2022, the speakers x-rayed Nigeria's capacity to produce over 2 MMb/d from the encompassing prolific onshore, shallow water, and rapidly emerging deep offshore assets. However, challenges such as the Niger Delta crises, unstable fiscal policies due to the delayed passage of the Petroleum Industry Bill (now Act), and the decline in investment appetite led to a decline in oil and gas production, impacting the country’s revenue resilience.
As we embrace this welcome development, managing the transition is equally important to stimulating massive investments, reversing production declines, and capturing reserve growth. Collaboration among independent operators is vital, emphasizing the urgency to maximize value, activate recovery methods, upgrade facilities, and reconfigure the overall evacuation system.
It is incumbent upon us to work collaboratively, leveraging this opportunity to grow and monetize our nation's resources, particularly in anticipation of future global instability in demand for oil and gas. This landmark acquisition is not just a transfer of assets but a call to action for all stakeholders to unite, innovate, and secure the future of Nigeria's oil and gas industry.
Together, let us usher in an era of growth, resilience, and sustainability, ensuring the continued prosperity of our industry and our country.
Abiodun Ogunjobi
President, Nigerian Association of Petroleum Explorationists (NAPE)
#NAPE Nigeria #Aradel Holdings PLC #FIRST Exploration & Petroleum Development Company #NNPC Limited #IPPG - Independent Petroleum Producers Group #PETAN #Nigerian Upstream Petroleum Regulatory Commission (NUPRC)#acquisitions#divestment#independent #African Petroleum Producers’ Organization #NJ Ayuk JD, MBA.NewcrossEP #Pan Ocean Oil Corporation (Nigeria) Limited
Aradel Holdings PLC acquires stake in Shell Petroleum Development Company Limited, Nigeria.
This acquisition marks a significant milestone for Aradel, which will bring enormous benefits to its shareholders, further strengthen its financial outlook and consolidate its strategic positioning in the Nigerian energy market.
Speaking on the acquisition, Aradel’s Chief Executive Officer/Managing Director, Gbite Falade commented “This successful acquisition represents a key step in our journey to becoming a leading energy Company in Africa and aligns with our long-term strategic growth plans. It also demonstrates our commitment to our “3R” Strategy of Resilience, Robustness, and Redundancy”
Completion is subject to meeting conditions precedent, and approvals of the Federal Government of Nigeria.
Click here to read more: https://lnkd.in/dPrD27bP#AradelHoldingsPIc
Established in 1977, NNPC is the driving force behind Nigeria's energy sector.
A merger of Nigerian National Oil Corporation (NNOC), with its operational functions and the Federal Ministry of Mines & Power with its regulatory responsibilities gave birth to the Nigerian National Petroleum Corporation.
NNPC's exploration efforts involve identifying and tapping into valuable energy resources, ensuring a steady supply of petroleum products. In the production phase, the corporation employs state-of-the-art technologies to extract and refine these resources efficiently. The strategic marketing of these products further strengthens Nigeria's presence in the global energy market.
Beyond its core functions, NNPC significantly impacts the country's socio-economic fabric. Through initiatives like local content development, job creation, and technology transfer, NNPC plays a vital role in fostering economic growth and development.
Understanding NNPC's multifaceted role sheds light on the complexities of managing a national resource critical to both industry and daily life. As we navigate the intricate world of NNPC, it becomes evident that the corporation's efforts extend far beyond the confines of the oil and gas sector, shaping the broader economic landscape of Nigeria.
#Sabibay#Politics#Leadership#Governance#PLG#NNPC#EnergyEducation#PetroleumIndustry#NigeriaEconomy#InnovationInEnergy
Aliko Dangote, President and CEO of the Dangote Group, has voiced serious concerns regarding the ongoing crude oil supply challenges affecting the Dangote Refinery. In a recent statement, he attributed these issues to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and International Oil Companies (IOCs) operating within Nigeria.
Dangote claimed that while the NNPC reportedly supplies around 60% of the required 50 million barrels of crude, the main hurdle lies with NUPRC's reluctance to enforce domestic supply obligations. This situation underscores the pressing need for collaboration and action to ensure our local industries can operate smoothly and efficiently.
Read more at https://lnkd.in/eUynx9uT#OilAndGas#Nigeria#NUPRC#EnergySector#AlikoDangote#Entrepreneurng
Bidding terms for a proposed 22-block licensing round in Guinea-Conakry are currently being finalized. The round is expected to generate interest by global E&P players who are looking at mirroring success seen in regional basins.
A recent push by government to streamline industry operations saw the establishment of Société Nationale des Pétroles (SONAP) in 2021 with the merger of ONAP and the National Petroleum Import Company.
Effectively integrating the upstream and downstream sectors, the creation of SONAP demonstrates the country’s commitment to improving efficiency through synergy across the value chain.
Read more ⤵️
https://hubs.la/Q02lPyfp0
The Managing Director of the National Petroleum Company (SONAP) of Guinea-Conakry, Amadou Doumbouya, will speak at the Invest in African Energy (IAE) forum this May.
Doumbouya is expected to promote unexplored opportunities in off- and onshore acreage while introducing potential investors to domestic infrastructure projects.
Secure your spot ⤵️
https://hubs.la/Q02lPDkf0#IAE2024#investinAfrica#RoadtoAEWSLBTGSPGSTotalEnergies
The Nigeria Content Development and Monitoring Board (NCDMB) has disclosed plans for the commencement of operations for three additional Modular refineries in the country by the year 2024.
Executive secretary of the board, Engr. Simbi Wabote, shared the promising development during the opening ceremony of the 12th edition of the Practical Nigerian Content Forum at the Nigeria Content Tower in Yenagoa, the Bayelsa State capital.
The theme of the event is ‘Deepening Nigerian Content Amidst Divestment, Domestication, and Decarbonisation.’
Highlighting an existing collaboration, Wabote mentioned the board’s partnership with a local refinery, Waltersmith, to establish a 5,000bpd modular refinery in Ibigwe, Imo State.
He further revealed the successful initiation of production in one modular refinery, stressing its noteworthy accomplishment of selling over 170 million litres or approximately 3,000 trucks of petroleum products this year alone, a significant reduction in the need for scarce forex to import such products.
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#Oolandgas#Ncdmb#Energyindependence#Modularrefineries
While the 2.6% stake by KPHL in the PNG LNG project brings opportunities, it's crucial to consider potential challenges. We must address concerns about fair distribution of profits, job opportunities, and community involvement. Striking a balance between corporate interests and social responsibility is key. Let's advocate for transparent agreements, community engagement, and a sustainable approach to ensure the disadvantages are mitigated, and the impact on the people of Papua New Guinea is positive in the long run. #BalancingGrowth#CommunityFirst 🇵🇬
State Enterprises Minister William Duma has announced that Kumul Petroleum Holdings will complete its acquisition of an additional 2.6% stake in the PNG LNG project by the end of January. The shares are being purchased from Santos and the move is expected to boost national long-term income from the project, benefiting Papua New Guinea directly. The acquisition will also strengthen Kumul Petroleum's balance sheet and cash flow, enabling it to participate in the Papua LNG Project, develop its petroleum licenses, and expand its developmental activities.
Link: https://ln.run/1Rd7f
Bidding terms for a proposed 22-block licensing round in Guinea-Conakry are currently being finalized. The round is expected to generate interest by global E&P players who are looking at mirroring success seen in regional basins.
A recent push by government to streamline industry operations saw the establishment of Société Nationale des Pétroles (SONAP) in 2021 with the merger of ONAP and the National Petroleum Import Company.
Effectively integrating the upstream and downstream sectors, the creation of SONAP demonstrates the country’s commitment to improving efficiency through synergy across the value chain.
Read more ⤵️
https://hubs.la/Q02lPyfp0
The Managing Director of the National Petroleum Company (SONAP) of Guinea-Conakry, Amadou Doumbouya, will speak at the Invest in African Energy (IAE) forum this May.
Doumbouya is expected to promote unexplored opportunities in off- and onshore acreage while introducing potential investors to domestic infrastructure projects.
Secure your spot ⤵️
https://hubs.la/Q02lPDkf0#IAE2024#investinAfrica#RoadtoAEW
SLB
TGS
PGS
TotalEnergies
Bidding terms for a proposed 22-block licensing round in Guinea-Conakry are currently being finalized. The round is expected to generate interest by global E&P players who are looking at mirroring success seen in regional basins.
A recent push by government to streamline industry operations saw the establishment of Société Nationale des Pétroles (SONAP) in 2021 with the merger of ONAP and the National Petroleum Import Company.
Effectively integrating the upstream and downstream sectors, the creation of SONAP demonstrates the country’s commitment to improving efficiency through synergy across the value chain.
Read more ⤵️
https://hubs.la/Q02lPyfp0
The Managing Director of the National Petroleum Company (SONAP) of Guinea-Conakry, Amadou Doumbouya, will speak at the Invest in African Energy (IAE) forum this May.
Doumbouya is expected to promote unexplored opportunities in off- and onshore acreage while introducing potential investors to domestic infrastructure projects.
Secure your spot ⤵️
https://hubs.la/Q02lPDkf0#IAE2024#investinAfrica#RoadtoAEWSLBTGSPGSTotalEnergies
I.T Professional
1moWell said!