Showing posts with label Petroleum. Show all posts
Showing posts with label Petroleum. Show all posts

Friday, August 18, 2023

Former Nigerian Minister of State Professor Ibe Kachikwu to Participate at African Energy Week (AEW) 2023 as Keynote Speaker


African Energy Chamber

PRESS RELEASE
Former Nigerian Minister of State Professor Ibe Kachikwu to Participate at African Energy Week (AEW) 2023 as Keynote Speaker

The African Energy Chamber is pleased to announce the participation of Prof. Ibe Kachikwu, Former Honorable Minister of State, Petroleum Resources of Nigeria at African Energy Week 2023

Access Multimedia Content

JOHANNESBURG, South Africa, August 17, 2023/ -- African Energy Week (AEW) 2023 – Africa’s premier event for the energy sector – taking place from 16 – 20 October in Cape Town will feature Prof. Ibe Kachikwu, Former Minister of State, Petroleum Resources of Nigeria, as a keynote speaker. During the event, Kachikwu will shape crucial conversations around best practices to accelerate the African energy renaissance for energy security, economic growth and sustainable development.

A seasoned industry executive with extensive expertise and a well-established presence in the global energy sector, Kachikwu is well positioned to drive serious AEW 2023 dialogue on investment and partnership opportunities available within the Nigerian and African energy landscapes. During his career in energy which spans over 31 years, Kachikwu served as General Managing Director of now diversified global energy firm, Nigerian National Petroleum Corporation (NNPC), and as President of the Organization of the Petroleum Exporting Countries (OPEC), the Gas Exporting Countries Forum (GECF) and the African Petroleum Producers Organization (APPO).

Kachikwu’s dedication to revolutionizing the global energy sector has been nothing short of monumental. As Minister of State, Petroleum Resources, Kachikwu orchestrated the transformation of Nigeria’s oil and gas sector through a series of policy reforms, partnerships with global players and the implementation of several significant projects. These endeavors were designed to enhance energy production, infrastructure, and overall industry development.

Among these projects are TotalEnergies’ initiation of the development of the Egina and Ikike oil fields, Chevron’s milestone accomplishment of producing clean diesel from natural gas feedstock at the Escravos Gas-to-Liquids plant, the expansion of the Uquo Gas Processing plant, the proactive launch of Eni’s Zabazaba-Etan field development, and the commencement of a series of exploration activities.

In his roles within GECF, APPO, and GECF, Kachikwu’s impact on elevating energy production and monetization across African nations for bolstering local, regional, and global energy market resilience, as well as fostering robust gross domestic product growth, has been profound.

At NNPC, he played a leadership role in strategically cultivating new investments, forging new partnerships, and maximizing infrastructure development to ensure optimal exploration, utilization, and monetization of Nigeria’s vast reserves for energy security and a sustainable economic growth. Owing to the accomplishments realized and the enduring groundwork established during Kachikwu’s tenure at NNPC, the company persists in attaining even more remarkable milestones. Today, it stands among Africa’s foremost energy enterprises and ranks as one of the continent’s most successful national oil corporations.

“Prof. Ibe Kachikwu has played a crucial role in maximizing the development and exploitation of Nigeria and Africa’s energy resources for economic, social and environmental benefits in a sustainable manner. His leadership role has unlocked a series of investments and partnerships aimed at boosting energy access and the growth of African economies. Now that Africa is seeking to maximize the sustainable growth of the energy sector for a just and inclusive energy transition, guidance from leaders and experienced industry executives like Kachikwu is vital,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber.

AEW is the AEC’s interactive exhibition and networking event that seeks to unite African energy stakeholders, drive industry growth and development, and promote Africa as the destination for African-focused events. For more information, visit www.AECWeek.com.
Distributed by APO Group on behalf of African Energy Chamber.

SOURCE
African Energy Chamber



Sunday, November 28, 2021

THE NEW NNPC BOARD AND STRATEGIC BALANCING

THE NEW NNPC BOARD AND STRATEGIC BALANCING

- By Frederick Harry


On August 16th 2021, President Muhammadu Buhari signed the much awaited Petroleum Industry Bill into law. The signing of the Bill into law was hailed as a timely intervention as it is expected to “provide certainty to potential and existing investors on the applicable fiscal regime in the Petroleum Industry”. By the powers vested in the President under section 59 (2) of the Petroleum Industry Act 2021, on September 19, 2021 he approved and appointed the Board and Management of NNPC Ltd with Senator Godwin Ararume as the Chairman of the Board.

The appointment of the Chairman of the Board from Imo State in the South East was applauded as evidence that the relationship between the people of the region and the President was heading north.

The inauguration of the board has however been suspended twice as a result of scathing criticism against some members by some activists, civil society organisations, petitions from powerful interest groups and alleged resistance by the International Oil Companies (IOCs).

Mr. Deji Adeyanju, the Convener of Concerned Citizens of Nigeria had described the appointment of Senator Ararume as a travesty and criticized the Buhari government’s “penchant for outlandish and unconventional methods of appointing cronies and men of questionable character” to important public offices. He insisted that there are many qualified technocrats and experienced oil and gas industry players from Imo State that can lead the charge at NNPC and manage the country’s main source of revenue and that Senator Ararume does not fit in that mould.

This type of blistering and witheringly scornful criticism coupled with fight back by the IOCs and counteraction by the political elites across board allegedly led to the indefinite suspension of the inauguration of the board as announced by the Secretary to the Federal Government on November 23, 2021. It is now being speculated in the Energy Halls of Power and Corridors of Political Influence that the federal government is considering nominating another person as Chairman of the Board.

It is very imperative therefore that the Buhari administration should take certain salient factors including but not limited to political environment, economic challenges, management skills and social issues into consideration before making such a nomination.

On the political environment, the ruling party, APC has been striving to make in-roads in the South East and the South South regions of Nigeria. Senator Hope Uzodinma, the Imo State Governor has been leading from the front in ensuring that  citizens from the two regions embrace the party wholeheartedly. This can be seen from his tenacity and doggedness in persuading his brother Governors from Ebonyi and Cross River States to join the party. He has essentially converted all the big and influential political players in the South East to APC. It is the prevailing public opinion that if the nominated Chairman of the Board would be changed, the President should consult the Governor to liaise with other relevant stake holders from the South East to present an acceptable candidate with cognate industry and management experience to lead the board and that person should come from Imo State.

What many people may not know is that oil, the bedrock of the Nigerian economy was first discovered in Iho Dimeze community in Ikeduru LGA of Imo State in 1937 by Shell Petroleum then known as Shell D’Arcy. The company established a base in Owerri before it left for Oloibiri in Rivers State when it discovered oil in commercial quantities there in 1956.

With the recovery of 43 Oil Wells from Rivers State by the Uzodinma administration which is the greatest economic feat by any Imo Governor since 1999, Imo State is now an assertive 4th oil producing state in the country. Imo State is home to over 200 trillion cubic feet of natural gas deposit and upside of potential 600 trillion cubic feet. Natural gas has today become a catalyst for socio-economic renaissance all over the world as the urgent need for clean and renewable energy need not be emphasized. With the emerging importance of Imo State to the nation’s economy, it would be unthinkable to deny the state the chance to lead the Board of NNPC Ltd.

It must however be reiterated that the new NNPC Board needs to be led by a certified change agent who is conversant with processes and management strategies of formulation, implementation, evaluation, modification and monitoring. It must be someone ready to implement a paradigm shift agenda with his eyes on the ball of common good not the next election. He must be an innovative thinker with excellent track record and culture of excellence in service crafting tactics to achieve objectives. He must demonstrate outstanding problem solving skills and exemplary team leadership ability with knowledge of climate challenges.

Nigeria is considered 58th most vulnerable and 22nd least ready nation to adapt to the threats of climate change. With 25% of the population living in exposed coastal region, a vast majority of the citizens plagued by devastating poverty and insecurity fueled partly by climate change, NNPC led by the Board should be ready for transitioning into “Green Economy”. The Board must be ready to create platforms for engagement to achieve climate readiness with clean energy and improved decision making.  The country cannot afford a misstep now.

The ball remains in the court of Mr. President to consult widely and give the Board a Chair that would lead the way for the nation’s economic progress. 

###

Frederick Harry, a Nigerian from the Grand Bonny Kingdom, is a contributing editor to CNBC and Africa Business News.




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: Contact:babette@glopac.com or amanda@glopac.com

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

Register now www.africangas-forum.com

Sponsor Contact: amanda@glopac.com



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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