Joel Matos’ Post

🚨 **GRAPHIC UPDATE: Oando's Petrotrin Refinery Bid**🚨 Out of an initial ten bidders for ownership of the 168 Mbpd mothballed Pointe-a-Pierre Refinery in Trinidad and Tobago (T&T), the contenders have been whittled down to three. Johannesburg Stock Exchange-listed Oando Plc is in the running for the refining asset, which was shut down in November 2018. 2,500+ employees lost their jobs, and the government settled them with a $2.7 billion goodbye package. But Why is Oando interested in the refinery? In our soon-to-be-released Energy Business Analytics newsletter, we examine this question. Five years after its shutdown, the government's decision is still challenged. Stuart Young, T&T's Minister of Energy and Energy Industries, recently wrote an op-ed describing the refinery as "a loss-making enterprise threatening to bankrupt Trinidad and Tobago," thus justifying the government's decision to shut it at the time. The graphic is a 10-year production yield from the refinery up to 2016 - 2 years before it was mothballed. Fuel oil and diesel accounted for 55% of the plant's production in 2016. What else can you tell? Let's meet in the comments. Clementine Wallop Tukdat Dabugat, P.Eng, CAP #dataanalytics #energyanalytics #refining #oil

Gas to Energy Project - QGMI Guyana

Chevron and Gepetrol: A Boost for the Equatorial Guinea Hydrocarbon Sector Chevron, the American oil giant, and GEPetrol, the state-owned oil company of Equatorial Guinea, have signed two production sharing contracts (PSCs) for blocks EG-06 and EG-11, located off the coast of the African country. This agreement represents an investment of $2 billion and marks a significant milestone in boosting the development of the hydrocarbon sector in the region. Benefits of the agreement: #Explorationandproduction: A new exploration and production campaign will begin in the blocks, with the aim of discovering new oil and gas fields. #Foreigninvestment: Chevron's investment will help boost Equatorial Guinea's economy, generating jobs and business opportunities. #Technologytransfer: Chevron will share its experience and technology with Gepetrol, strengthening the capacities of the national oil sector. #Sustainabledevelopment: The companies are committed to carrying out their operations in a sustainable manner, minimizing environmental and social impact. Impact on the oil services sector: #Accesstonewtechnologies: Local oil service companies will have access to Chevron's latest technologies and know-how, allowing them to improve their competitiveness. #Collaborationopportunities: Collaboration between local and international oil service companies will be encouraged, promoting the development of joint projects. #Sectorgrowth: Increased exploration and production activity will drive demand for oil services, generating new opportunities for local companies. However, The signing of the PSCs between Chevron and Gepetrol represents an important step for the development of the hydrocarbon sector in Equatorial Guinea. This agreement will not only bring economic benefits to the country but will also contribute to strengthening the national oil sector and promoting sustainable practices in the industry.

Here goes again!! Feel happy that success has become a habit for the IR team at Petronet LNG Ltd - we have been placed at the top positions as per the rankings done by the Institutional Investors, the prestigious global Investor Relations (IR) platform in 2024. I am ranked second in the list of IR professionals in the categories - 'Rest of Asia Ex China (Oil & Gas)' and 'All Asia Small & Mid Cap (Oil & Gas)'. Petronet LNG Ltd has been placed in the list of Most Valued Companies in both 'All Asia Small & Mid Cap (Oil & Gas)' and 'Rest of Asia Ex China (Oil & Gas)' categories due to its top rankings. The Board of Directors of Petronet LNG Ltd has been ranked at the top in the 'Rest of Asia Ex China (Oil & Gas)' category. Thanks to both the Buy and Sell side professionals who continuously vote for us and cheers to the able management of Petronet LNG Ltd. Petronet LNG Limited@gail Indian Oil Corp Limited Oil and Natural Gas Corporation Ltd Indraprastha Gas Limited #investorrelation #equity #IR #cfo #business #management #finance

Are you looking for new business opportunities? The oil sector in Equatorial Guinea is booming! There is a high demand for refined products, exploration and production support services, oil infrastructure, and training and education for the oil facilities in the Zafiro field, Block B, This Wednesday, a meeting was held between the General Manager of #Gepetrol Madam Teresa Isabel Nnang Avomo and the General Manager of #GepetrolServicios, Mr. Pedro Ncogo Ndong, to discuss the negotiation of supplies of refined products for the oil facilities in the Zafiro field, Block B, where Gepetrol has been the operator since June 1 of this year. based on their discussion we could clearly define the following #opportunities for companies in the oil sector of Equatorial Guinea: #Supplyofrefinedproducts: Gepetrol Servicios will need refined products to operate the oil facilities in the Zafiro field, Block B. This represents an opportunity for companies that supply this type of product. #Oilinfrastructure: The development of the Zafiro field, Block B will require the construction of new oil infrastructure, such as pipelines, terminals and storage facilities. This represents an opportunity for construction and engineering companies. #Trainingandeducation: The oil industry in Equatorial Guinea needs qualified labor. This represents an opportunity for training and education companies. #Recommendations for companies Companies that want to take advantage of the opportunities in the oil sector of Equatorial Guinea should follow the following recommendations: #Researchthemarket: It is important for companies to research the oil market in Equatorial Guinea to identify the most promising opportunities. #Establishrelationships with local companies: It is important for companies to establish relationships with local companies to gain access to information and resources. #Complywithregulations: It is important for companies to comply with all applicable regulations in Equatorial Guinea. #Becompetitive: The oil sector in Equatorial Guinea is competitive, so companies must be competitive in terms of price, quality and service What are you waiting for? Start exploring the opportunities today! #ALF #oil #equatorialguinea #businessopportunities #MMH EG #Gepetrol I

In recent years, Africa has experienced the most rapid growth in oil production globally, and its gas production has increased faster than any region except the Middle East. Indigenous national oil companies (NOCs) have set ambitious targets to become autonomous, commercially viable entities, both domestically and internationally. However, their progress has been hindered by the inefficiencies inherent in bureaucratic environments, where they must balance economic goals with sociopolitical missions. Furthermore, these NOCs face significant challenges in developing local technical, commercial, and managerial expertise. To achieve their goals, they need a fundamental transformation, incorporating systems, performance cultures, and governance models akin to those in commercially driven enterprises. The African oil sector has also seen the emergence and growth of new competitors, traditionally dominated by large international oil companies. Smaller independent firms, such as Addax, Heritage Oil, and Tullow Oil, have made successful discoveries in new basins. Additionally, national oil companies from outside Africa, including those from China (CNPC, CNOOC, Sinopec), Malaysia (Petronas), and Russia (Gazprom), have aggressively invested in the continent. These companies often link broader infrastructure investments and government-to-government relationships with their resource access. Their challenge in the coming years will be to establish sustainable enterprises and develop local capabilities that extend beyond individual projects or investments. Host countries should continue to create attractive investment environments for both international and national oil companies, fostering competition for natural resources, enhancing efficiency in the oil and gas sector, and building sustainable local capabilities. Governments must also explore new strategies to leverage their resource sectors for broader GDP growth. This can be achieved by using oil and gas as catalysts for downstream energy projects (such as power plants, refineries, and retail networks) and related industrial development, including petrochemicals and basic materials.

On August 29, 2024, the Government of Kazakhstan issued a resolution establishing a new entity, "Tengiz Zhasagy" Joint-Stock Company. This company will be entirely state-owned, with the government holding 100% of its capital. The primary focus of "Tengiz Zhasagy" will be to conduct operational activities aimed at oil spill cleanup. As "Tengiz Zhasagy" becomes operational, there may be a steady supply of cleaned crude available for sourcing, particularly from oil spill recovery operations. This can be a strategic opportunity for companies looking to engage with Kazakhstan’s energy sector, especially those specializing in the procurement and refinement of reclaimed crude.

🌍 Exciting Times in West Africa's Energy Sector! 🌍 As we continue to navigate the dynamic landscapes of the energy industry in West Africa, I'm increasingly inspired by the growth opportunities and the transformative impact we can have on local communities and economies. Throughout my career, from my time as Director of Oil and Gas at PwC to my role in operational leadership as a Group COO, I've been passionate about leveraging technology and strategic innovation to drive business success and sustainability. The complex challenges of today's market demand robust leadership, commitment to innovation, and a deep understanding of the regional dynamics, which are areas where I have been privileged to contribute significantly. As I reflect on my journey and look forward to future contributions, I am keen to connect with like-minded professionals and industry leaders who are also excited about shaping the future of the energy sector in West Africa. Let's discuss how we can collaborate to create value and sustainable growth in the region. #EnergySector #Leadership #Innovation #SustainableDevelopment #WestAfrica #BusinessTransformation #StrategicPartnerships #DataExGlobal #OilAndGas #Innovation #DigitalTransformation #cainergygroup #leadership #innovation #coo #InstagramLive #cainergy #whoweare #workwithus #oilandgas #oilandgasprojects #marineindustry #cainergyconstruction #coo #executives #vesselmanagement #assetmanagement #london #abuja #australia #ghana #lagos #construction #houston #dubai #traininganddevelopment #project #mining #career #oilandgascareer Seplat Energy Plc   Nigerian Upstream Petroleum Regulatory Commission (NUPRC)   Nigerian Content Development and Monitoring Board   TotalEnergies   Government of Nigeria    Axxela   LEKOIL Limited   Famfa Oil Limited   ADNOC Group   Nigeria LNG Limited   Addax Petroleum   MRS Oil Nigeria Plc   Oando Plc   Chevron   Shell   ExxonMobil   Oilserv Limited   Deep Blue Energy Services Limited   Dangote Petroleum & Petrochemicals   Sure4Jeri Oil & Gas Nigeria Limited     Heirs Energies    Techno Oil Limited   Conoil PLC   Jimcol Resources Nigeria Limited   Dovewell Oilfield Services Limited   Eland Oil & Gas   Chibeco Oil & Gas Nigeria Limited   West Atlantic Energy Nigeria Ltd   Prime Atlantic Limited    Pinnacle Oil and Gas Limited   SunTrust Oil Company Nigeria Ltd   Equinor  LADOL   Saipem  Eni Energies et Services  Sahara Group

OES Guyana Inc participated in the Local Content Summit in Georgetown this week. The summit served as a critical platform for industry stakeholders to discuss and explore strategies for maximizing local participation and benefits in the oil and gas sector.   As a key player in the sector, OES Guyana's participation underscored its commitment to promoting local content development and enhancing the socio-economic impact of the industry on the Guyanese economy. The summit provided an invaluable opportunity to engage with stakeholders, share best practices, and contribute to shaping the future of local content in Guyana's oil and gas sector.   Pictured left to right: Annalisa Beharry, Finance Manager and Luiz Andrade, General Manager.   #OESGuyana #local-content-summit-guyana