Showing posts with label Oil and Gas Deals. Show all posts
Showing posts with label Oil and Gas Deals. Show all posts

Monday, May 9, 2011

Xodus Group launches first in Africa operation in Nigeria

Xodus Group provides integrated oil and gas field development and operational expertise to support the drive to maximise production, to work safely and to respect the environment throughout the asset lifecycle. The fundamental principles are common to both offshore and onshore developments but each require specific attention and expertise in certain areas.

Offshore projects are dominated by the challenge of operating in marine environments, with ever increasing water depths being the norm. Specialist expertise from across our service lines enables the following challenges to be addressed:

9 May 2011 09:00 Africa/Lagos

Xodus Group Announces Arrival in Africa

LAGOS, Nigeria, May 9, 2011/PRNewswire/ --

- Nigeria Joint Venture Will Pursue Robust Growth Strategy in Oil & Gas

International energy consultancy Xodus Group today joined forces with Nigerian company Mos Baker to launch a brand new operation in Lagos called XMOS.

XMOS brings integrated field development and front end services to the African oil and gas markets with an initial focus on three divisions, process and facilities, flow assurance and subsea engineering. Ultimately the full suite of Xodus services will be rolled out which will add technical safety, environmental and subsurface capabilities

The partners are each investing more than $1 million setting up the joint venture which will recruit 20 people in the first year and grow to 100 people within three years. The Nigerian government intends to double national oil production from 1.8 million barrels per day and Xodus believes there are significant opportunites for XMOS and the experience it can bring to the region.

Colin Manson, chief executive of Xodus Group said: "Setting up a joint venture is a first for Xodus Group and we are making the move now because we have tremendous confidence in the size of the market opportunity in Nigeria and in our new partners. Many of the new developments will be in very deep water off the Nigerian continental shelf, where our subsea and technical credentials, integrated field development and front-end experience are ideally suited. This move presents a new chapter in the evolution of Xodus Group."

Sam Unuigbe, a former director of Stanbic IBTC Bank and owner of Mos Baker will take on the role of chairman and his son Ohioze Unuigbe, a chemical engineer with an MBA from Imperial College London and experience with UK engineering contractors, is Managing Director.

Rod McInnes has been appointed operations director of XMOS. Mr McInnes has more than 30 years of engineering experience with the last 15 in senior management positions. He has worked in West Africa previously and has extensive international project management experience with operators such as ExxonMobil, Statoil and Texaco and global oil refineries.

Colin Manson will sit on the board from Xodus Group along with Xodus directors Stephen Swindell and Dave Rayburn who will provide specialist support from the Xodus London office.

Sam Unuigbe said: "We believe that by joining our local know-how and business acumen with Xodus Group's exceptional engineering experience, we will grow to have a significant presence within three years. We will be recruiting from day one and will be on the search for the most talented forward thinking engineers to come on board with this exciting new venture. We will be investing in training local people and will be looking to attract skilled engineers working overseas interested in returning to Africa."

Mr Unuigbe, a qualified chartered accountant is a well respected businessman in Nigeria and until last year spent more than 17 years as a director of Stanbic IBTC Bank, one of the largest banking groups in Africa

He established his own firm of chartered accountants Unuigbe Akintola & Co in the 1970s of which he remains managing partner. He serves on the board of several companies including NENSCO ltd and Philips Project Centre - an affiliate of Philips Electronics NV of the Netherlands. He has invaluable oil and gas experience in Nigeria and as well as Mos Baker he is a shareholder in Delta Afrik and Delta Tek Engineering and previously worked as a manager with Mobil Petroleum Nigeria.

Xodus Group is headquartered in Aberdeen and employs more than 310 people in offices throughout the UK with its London office heading up high profile international contracts in key regions across the globe. The company also recently opened an office in Houston as part of its ambitious international growth strategy.

Xodus launched in 2005 and has grown into a dynamic integrated consultancy with expertise in oil, gas and renewables. With an annual turnover of GBP30 million, Xodus has six divisions comprising: Wells and Subsurface; Subsea; Process and Facilities; Integration Technology; Technical Safety and Risk; Environmental (Xodus Aurora).

Issued on behalf of Xodus Group by the BIG Partnership

Source: Xodus Group

For further information contact Tracey Miller, Senior Account Executive on +44(0)1224-615011 or Gayle Nicol, Senior Account Manager tel +44(0)1224-615019, +44(0)7702-737135 email

Thursday, February 10, 2011

3rd African Gas Forum coming up in London

Must read Platts Survey: OPEC Pumps 29.57 Million Barrels of Oil Per Day in January..

10 Feb 2011 04:47 Africa/Lagos

Africangas forum

THE HAGUE, February 9, 2011/African Press Organization (APO)/ -- Organised & Hosted By: or

Date & Venue: 31st March-1 April 2011, Radisson Mayfair Hotel, London

Register now

Sponsor Contact:

Separately Bookable Events: Fees Exclude 20% Vat as per UK Law

3rd African Gas: 1 April 2011: GBP 750 per person

3rd Africa Gas Business: Strategy Briefing: 31st March 2011, GBP 995 per person

Combined Fee: Briefing & Conference: GBP 1,450 per person

37th PetroAfricanus Dinner: Thursday 31st March 2011: GBP 250 per person (Members: GBP 150) - Guest Speaker: Dr Alan Stein, Managing Director, Ophir Energy: “Exploring Africa: Reflections From Downunder” – insights from a player with gas discoveries offshore in West and Eastern Africa.

Our 3rd African Gas 2011 builds on our unrivalled track record in and on Africa, deep industry knowledge-base, extensive executive networks across the African Continent and worldwide on Six Continents, direct business and advisory experience in over 45 countries north and south of the Sahara, and over three decades of Advisory Practice and research in the global oil and gas business.

Africa's gas-LNG game has come of age, with over 30 African countries holding gas resources, and 20 now with proven reserves, with more entering into production, and gas discoveries both proliferating and often large, some of world-class dimension. Companies have upgraded their gas portfolio, redesigned strategies and enhanced investments in domestic and pipeline export gas, targeting Atlantic LNG markets and Europe-destined gas consumers, as well as GTL in selected locales, in some instances synfuels for local offtake, and engaged in a widening list of gas-power projects with independent private power, across a range of related cross-border markets. Meanwhile, corporates, investors and financiers now target the gas-rich Maghreb and the Gulf of Guinea (with many gas monetisation projects in the pipeline, along with LNG ventures), Southern Africa's offshore and onshore in shale gas and CBM, as well as the highly-promising East African frontier margins offshore and for onshore gas-power, soon probably to be a focus for potential LNG ventures for Asian markets.

Confirmed Speakers Include:

Tim Okon, Group General Manager, Corporate Planning & Strategy & Chairman, Gas Master Plan, NNPC, Nigeria

Malcolm Brown, Senior Vice President, Exploration, BG plc

Carol Law, Exploration Manager, East Africa & Caribbean, Anadarko Petroleum Corp

Dr Duncan Clarke, Chairman & CEO, Global Pacific & Partners, South Africa

Bolaji Osunsanya, Chief Executive Officer, Oando Gas & Power, Nigeria

Peter Clutterbuck, Deputy Chairman, Orca Exploration, Tanzania

Yasser Tousson, General Manager Finance, Apache Corporation, Egypt

Dr Alan Stein, Managing Director, Ophir Energy, Perth

Steve Mills, Commercial Manager, Petroleum Agency SA, South Africa

Gabriel Bujulu, Petroleum Engineer, Tanzania Petroleum Development Corporation

Senior Executive, Ghana National Petroleum Corporation**

Kevin Hart, Chief Executive, Bowleven plc

Scott Aitken, Chief Executive, Seven Energy, Nigeria

Radwan Hadi, Chief Executive Officer, Victoria Oil & Gas

Jeff Greenblum, Chairman of The Board, EnerGulf

Rogers Beall, President, Fortesa International Senegal, Senegaz-Africa Fortesa Corp.

Edwin Bowles, President & CEO, RJ Energy

Semyon Astakhov, Head Africa, TMK Africa

Prior to the Forum is our 3rd Africa Gas Business: Strategy Briefing (Thursday 31st March), reviewing gas assets and portfolio potential in over 100 companies, from Africa and around the world, companies looking for farm-in/outs, new ventures, investors and wider deal-flow. With Presentations by Dr Duncan Clarke, Chairman & CEO, Global Pacific & Partners, Africa's leading strategist, and author on the Continent's oil and gas industry, providing an in-depth & unique set of insights on the gas industry and corporate business strategies, as well as Government gas policies and investment strategies of the National Oil Companies and Licensing Agencies - in the Maghreb, Western, Eastern, and Southern Africa. Delegates receive access online to Presentations, with 750 Images, that reveal the changing shape of Africa's gas game in dynamic evolution, the players involved & their portfolio and how the competitive gas world is shifting, and likely to be the cutting edge of the hydrocarbons industry in Africa over the next decade and beyond.

Source: Global Pacific & Partners

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Thursday, May 28, 2009

$20 Billion of Oil and Gas Deals Currently on the Market

28 May 2009 16:00 Africa/Lagos

$20 Billion of Oil and Gas Deals Currently on the Market

Derrick Petroleum Services Completes Special M&A Study

HOUSTON, May 28/PRNewswire/ -- Derrick Petroleum Services ("Derrick") has completed a comprehensive study of the Top 1000 global oil and gas companies and identified in excess of $20 billion of oil and gas assets currently for sale worldwide, consisting of 69 separately announced transactions. The study focuses on deals with an estimated value greater than $10 million.

North America leads the inventory with over $9 billion (or roughly 45% of value); followed by Africa (22%) with the North Sea, Rest of Europe, South America, Asia, Australia and Middle East rounding out the pack with deals valued at between $500 million to $1.5 billion.

In North America, the most prized deal is the multi-billion dollar interest Devon Energy is offering in its four discoveries (Kaskida, Cascade, Jack and St. Malo) in the emerging Lower tertiary trend in the deepwater Gulf of Mexico. Onshore resource style plays (shale gas and oilsands) remain quite active. Notably, Shell and EnCana are looking for a partner to develop 30,000 acres of exploration leases in the Haynesville shale gas play of north Louisiana and east Texas. In Canada, UTS Energy rejected the revised $677 million cash bid by Total E&P Canada in April as inadequate and continues working with its financial advisors, RBC Capital and TD Securities, to maximize shareholder value. UTS Energy has 1.7 billion barrels of net contingent bitumen resources in the Athabasca Oil Sands area of Alberta.

Internationally, Africa is exciting with numerous deals. In Ghana, two partners have put interests on the market in the world class offshore Jubilee field (estimated 1.2 billion barrels equivalent of gross recoverable reserves). Other deals are available in Uganda, Angola, Kenya, Egypt, Cote D'Ivoire, Nigeria, Gabon, Cameroon and Namibia. In other parts of the world, significant deals in play include development projects in the Kurdistan region of Iraq, which now has an improving political and security environment. In Indonesia, BP is seeking to harvest its 46% interest in the prolific Offshore North West Java block, which includes 670 producing wells, 170 platforms and 1,600 km of subsea pipelines. Chevron has retained Scotia Waterous to sell its interest in 13 separate concessions in the Austral and Nequen basins of Argentina which were producing nearly 4,500 b/d of gross oil and 54 MMcf/d of gross gas in late 2008. In Australia, Woodside Petroleum has put its Otway project, offshore Victoria, on the market.

"Due primarily to the whipsaw in oil and gas prices over the past 12 months, our analysis highlights an unusually high quality and diverse set of world class opportunities, particularly for well-heeled buyers seeking long term assets in early stage development," according to Yashodeep Deodhar, CEO of Derrick Petroleum Services. "These are not distressed assets put on the market by distressed companies. Quite the contrary, we have identified numerous opportunities by first class operators who are simply managing their forward risk profiles and laying off a portion of development capital. We foresee the recent trend of national oil companies (NOCs) and government backed oil companies dominating the buy side to continue."

In completing the study, Derrick also reviewed past M&A activity and trends. "In contrast to the first half of 2008 where seven of the top ten buyers were western companies; so far this year, only three of ten buyers are western. Buyers of significant deals have recently been mostly NOCs and government-backed companies such as IPIC (Abu Dhabi), CNPC (China), KNOC (Korea) and Ecopetrol (Colombia)," according to Deodhar.

"In addition to tracking deal activity, value trends regionally and globally, and deals in play, we also continuously monitor companies with financial dry powder and a desire to do more deals. Currently, notables on this list include Norway's StatoilHydro, Colombia's Ecopetrol, China's Sinopec, France's Total, United States' Apache Corporation and Canada's Talisman Energy. These companies alone have over $20 billion of capability," concludes Deodhar.

Derrick Petroleum Services is an independent oil and gas research and consulting firm. Its team of twenty analysts maintains Upstream Oil and Gas activity databases for a global client base. The Company's databases have worldwide coverage, with special emphasis on emerging plays and international transactions. The Company maintains sales offices in Houston and London.

For more information:

Additional information regarding Derrick Petroleum Services and its products is available on the Company's website at

For further details of the study, kindly email

Yashodeep Deodhar
Derrick Petroleum Services

Source: Derrick Petroleum Services

Per: Yashodeep Deodhar, CEO, Derrick Petroleum Services,; Media Contact: Brian Lidsky, Vice President - North American Sales, Tel: +1-832-715-3539

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