Wednesday, May 30, 2012

TOP NEWS PICK : MAY 30, 2012

Developments in International Oil & Gas | Energy | Extractive Industries


Nigeria to draw $500m investments from UK partnerships 
Over 40 new alliances formed by British and Nigerian companies would be expending over $500 million in Nigeria’s oil and gas industry within the next five years, British Deputy High Commissioner to Nigeria, Mr. Peter West, has said | SweetCrude

Chevron mulls using solar energy in Saudi-Kuwait oilfield 
Chevron said it may use solar power in 2013 to produce the steam needed to pump heavy crude from Saudi-Kuwaiti oilfield, Bloomberg reported | MENA FN

Ethanol Drops With Corn Contract to Lowest Levels Since 2010 
Ethanol futures dropped along with corn to the lowest levels since 2010 amid high stockpiles of the biofuel | BloombergBusinessweek

Kuwait Energy grabs Iraqi block 
Kuwait Energy heads a consortium of players which has been handed an exploration block by Iraqi in Wednesday's licensing round | Upstream Online

South Africa to build big nuclear plant 
Johannesburg, May 30 (IANS) South African Deputy President Kgalema Motlanthe has stressed the need for replacing coal with other energy sources, particularly nuclear energy. He said the country would build a large nuclear plant | IANS

Iraq holds 4th Post-War Oil and Gas Auction 
BAGHDAD (AP) -- A Kuwaiti-led energy consortium on Wednesday won the right to search for oil and gas in southern Iraq as part of the country's fourth postwar energy auction. Two natural gas exploration deals meanwhile attracted no bidders | Citizen-Times

New Bill waters down Nigeria’s

Monday, May 28, 2012

TOP NEWS PICK : MAY 28, 2012


Eni makes significant new oil discovery in the Egyptian Western Desert 
Eni has made a significant oil discovery at the Emry Deep exploration prospect, located in the Meleiha Concession, in the Western Desert of Egypt, 290 kilometers south west of Alexandria | Oil Voice

Kashagan partners in $1bn kitty 
International partners in the monster Kashagan oilfield in Kazakhstan are to pay almost $1 billion to cover the state’s portion of investment, a report claims | Upstream Online

South Africa to buy crude from Nigeria 
SOUTH Africa’s Deputy President, Kgalema Motlanthe has said his country is looking to Nigeria for the purchase of its crude oil | SweetCrude

Brent crude oil rises above $107 on Greece, Iran 
Brent crude oil rose above $107 per barrel on Monday as fears of a euro zone break-up eased but Middle East oil supply worries resurfaced as talks over Iran's nuclear programme faltered | Reuters

Chinese Commodities defaults prompt mystery 
Over the last two weeks, Chinese consumers of thermal coal and iron ore have been defaulting on their contracts, sending prices sharply down | Financial Times

Fridman quits TNK-BP 
Mikhail Fridman has resigned as chief executive of BP's joint venture operation in Russia, TNK-BP | Upstream Online

Debt-ridden Ghana

Friday, May 25, 2012

The Lagos Oil Club Q+A with Pade Durotoye and Seye Fadahunsi

The May Edition of The Lagos Oil Club Question & Answer Sessions comes up on Monday, MAY 28th, 2012.

It is another Special Edition and the focus is on Nigerian Independents!
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Our GUEST SPEAKERS are Mr. SEYE FADAHUNSI, Executive Director, Pillar Oil Limited (operators of Umuseti/Igbuku Marginal Field) and Mr. PADE DUROTOYE, Managing Director/CEO, Oando Exploration & Production Limited.

Mr. Seye Fadahunsi, Executive Director - Pillar Oil Limited (Operator of Umuseti/Igbuku Marginal Field), will be speaking on the topic: “Marginal Field Acquisition, Funding and Development: Do’s and Don’ts from a Hands-on Perspective” 

Mr. Pade Durotoye, CEO, Oando Exploration and Production Limited (OEPL) is speaking on: ‘Nigerian Independents: An Attractive Option for Foreign Partnerships?’ 

PetroEDGE TRAINING: Floating Production, Storage & Offloading Design & Technology


PetroEdge presents
Floating Production, Storage & Offloading
Design & Technology - Level 2, including latest developments in FLNG technology and market developments

The number of floating production systems is set to grow from 250 units to 299 in 2011. As crude oil prices rise above USD 100 per barrel, FPSO technology is no doubt the most efficient and viable solution for deepwater offshore field development. However, with development projects going to greater depth and complexity, the big question still remains on how to drive greater efficiency from better FPSO designs and what are the new developments in turret, mooring, swivel technologies to improve safety and lower cost.

Featured Case Study Discussions on: 

Case Study One; Processing system operations on BP FPSO Greater Plutonio
Review of the Training CD every BP Operator must learn before going offshore to operate the Subsea Production Facilities and the FPSO Facilities, from Reservoir to Oil and Gas Export systems. 
Case Study Two; Chevron ALBA FSO; First Internal Turret in the North Sea
A detailed review of the Turret system with mooring lines design & installation, Chain table & Riser connections, main deck turret piping & pigging system, fluid Swivel & back-up, leak detection system, interfaces with cargo piping and Oil & Gas export lines including Integrity Monitoring Systems. 
Case Study Three; The TOTAL Angola FPSO DALIA Story, operating in deep water Block 17.

This training course is designed for:
This course is recommended for personnel involved in FPSO projects who require specific knowledge on FPSO design and technology: • Current and future Offshore Installation Managers • Conceptual Design Engineers • Development Engineers • Engineering & Integration Managers • Naval Architects • FPSO Project Managers • Process Engineers • Operations Managers

5 – 8 June 2012, Accra, Ghana
25 – 28 June 2012, Singapore - 2nd run in Asia!

NIELSEN Career Opportunity

In more than 100 countries, Nielsen provides clients the most complete understanding of consumer and media behavior.

As a global leader in measurement and information, Nielsen provides a precise understanding of the consumer to help their clients make decisions that can lead profitable growth. Their measurement and analytical innovations enable clients to keep pace with changing market trends, emerging technology, and the increasingly demanding consumer. After nearly a century, Nielsen is more focused and skilled than ever at providing the complete view of the consumer. Whether their clients are in media, consumer packaged goods, telecom or advertising, their expansive data and measurement capabilities provide market context and confidence through their long history of innovation and integrity.

Nielsen is now looking to recruit candidates for the following role:

Monday, May 21, 2012

TOP NEWS PICK : MAY 21, 2012


Bahrain signs region's first major solar energy project

he National Oil and Gas Authority (NOGA), the Bahrain Petroleum Company (BAPCO) and Caspian Energy Holdings inked an agreement for a five megawatt with distributed smart solar energy project that will bring solar and smart grid benefits to the BAPCO township of Awali, the University of Bahrain and other locations in Bahrain | Utility Products

China looks to sidestep solar tariffs 
Chinese solar panel manufacturers are making plans to source components from Taiwan in order to get around US anti-dumping tariffs of at least 31 per cent announced by the department of commerce last week | Financial Times

U.S.-China trade tensions worsen amid solar energy row 
BEIJING -- China's government on Friday rejected a U.S. anti-dumping ruling against its makers of solar power equipment, and Chinese manufacturers warned possible higher tariffs might hurt efforts to promote clean energy | Post Gazette

Miner alive after 17 days underground 
A coal miner was found alive Saturday after being underground for 17 days following a flood in a northeast China coal mine, authorities said | UPI

China gearing up for shale

Friday, May 18, 2012

TOP NEWS PICK : MAY 18, 2012


Nigeria losing fifth of revenue to oil theft: report 
LAGOS (Reuters) - Nigeria is losing nearly a fifth of its revenues to oil thieves, Finance Minister Ngozi Okonjo-Iweala was quoted as saying in the pro-government daily This Day on Tuesday | Reuters

Chinese Renewable Energy Body: US Solar Ruling Unreasonable, Unfair 
BEIJING (Dow Jones)--The Chinese Renewable Energy Industries Association criticized the U.S Commerce Department Friday for a decision to impose antidumping duties on Chinese solar firms, which it described as "unreasonable" and "unfair." | Wall Street Journal

Kurdistan: KRG building new pipeline and strategic options
In the ongoing oil struggle between Iraq's central government and the semi-autonomous Kurdistan region, one of Baghdad's trump cards has been the control of export pipelines – but that could soon change | Iraq Oil Report

UK: The cost of energy bills soar by 140pc in eight years 
The average household's annual energy bill of £1,252 now accounts for 11pc of a couple's basic state pension of £11,175 a year, the study by price comparison website found | Telegraph

Australian shale can supply global

Thursday, May 17, 2012

PHOTO OF THE WEEK: Six Shots.....!!!

Seemingly Random Poses and Patterns..

Hard to understand at first instance..

Then the very nature of its organization plays out..

First shot to International Mining Industry Investments in Renewable Energy

Second shot to Sudan & South Sudan's Oil Economy

Third shot to Nigeria's Oil

Wednesday, May 16, 2012

TOP NEWS PICK : MAY 16, 2012


Gulf of Mexico site chosen for first US floating LNG plant 
Excelerate Energy LP, Houston, will develop the first US floating natural gas liquefaction plant for Port Lavaca, between Galveston and Corpus Christi, Tex. The Lavaca Bay LNG project will be designed to export LNG by 2017 | Oil & Gas Journal

SSE produces record renewables output 
Scottish & Southern Energy’s retail business suffered last year, absorbing rising wholesale prices before an 18 per cent rise in household gas prices last September | Financial Times

India seeks shale gas supplies from US 
New Delhi, May 16 : India is looking at the possibility of importing liquefied shale gas from the US, as part of efforts to look at alternative sources to meet its energy security needs | NewKerala

Oil down, ECB move on Greece drags after U.S. data 
NEW YORK (Reuters) - Crude oil futures fell on Wednesday as a report that the European Central Bank stopped monetary policy operations to some Greek banks sparked further risk aversion | Reuters

Nigeria: Our demand for resource(control) is non

Friday, May 11, 2012

Maritime Boundary Delimitation and Oil & Gas Deposits

Implications for Energy Companies 

By Ondotimi Songi and Denye Ayemieye

Maritime boundary delimitation involves a process of establishing maritime lines that separate the spatial ambit of coastal states where there is an overlap, and determines their respective maritime jurisdiction.[1] It is done mainly for the purpose of avoiding disputes over rights of sovereignty of coastal states because maritime boundaries pose a lot of political and security risks in global affairs. Where boundaries are delimited, it means there is some legal certainty for economic activities such as exploration and exploitation of both living and non-living natural resources to take place.

The law on maritime delimitation has evolved at different stages of the historical development of the law of the sea. In the first stage, customary international law determined maritime boundary delimitation, which is before 1958. But in 1958, the four Geneva Conventions[2] regulated the delimitation of maritime boundaries but with a lot of influence from customary international law. This may be regarded as the second phase with the third phase subsequent to 1982 following the birth of the United Nations Convention on the Law of the Sea[3] (UNCLOS). However, it may be argued that while statute law seems to regulate the delimitation of maritime boundaries, customary international law seems to be having a huge impact. 

Tuesday, May 1, 2012


By Nkiruka Chidia Maduekwe.

The Nigerian electricity reform was suspended for two years after the present administration came into power in 2007[1]. As it stands at present, PHCN has been restructured into the18 (eighteen) separate companies but these companies are still yet to be privatized. Therefore, the companies are still subsumed under PHCN, making them subsidiaries. The Yar’Adua administration when it took over centralized an already decentralized PHCN.[2] The reform was intended to be done in phases and different timelines. PHCN was to be a transitional company that will transfer its assets and functions to the 18 successor companies and then dissolve after the incorporation of the 18 (eighteen) companies; bringing about a true ownership unbundling.