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Fries with that?! The US takes a big bite out of the Nigerian pie

It's not been an easy couple of years to be in the oil and gas sector in Nigeria. The last government seems to have given away enormously under-valued concessions to anyone that asked, the currency has fallen off a cliff and no one really knows what it's worth, and oil prices have hardly been kind t ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 3 years agoOpinion > USANigeriaJapan +6

Grab your popcorn - the PIB debate begins!

It's finally happening! The most eagerly-anticipated piece of legislation in the tumultuous history of the oil and gas sector in Nigeria is moving forward. Like a steam train pulling out of a station, it has taken a seemingly infinite amount of time to start but it now looks as though Nigeria's sena ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 3 years agoOpinion > PIBOilNigeria +3

Deadline threatens self-sufficiency in Nigeria

Nigeria has been something of a playground for the International Oil Companies (IOCs) since the oil boom began here in the 1960s. The resources they brought, the scales of production to which they were accustomed to and the reach of their extraction and distribution networks meant that returns were ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 3 years agoOpinion > NigeriaPIBjoint venture +5

What football tells us about Nigeria’s supply concerns

So the latest news from the bigwigs at OPEC is that Nigeria's crude oil production has fallen from 2 million barrels per day to around 1.27 million. This sounds like bad news, anyone can see. And one would be foolish to suggest that a 37.5% decrease in crude production is a welcome shift for our oil ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 3 years agoOpinion > FootballOilOPEC +5

Aiteo Group and Seplat lead indigenous Nigerian groundswell

A great change is occurring in at the grassroots of the oil and gas sector in Nigeria. For most of our country's history as a petro-state, the International Oil Companies have called the shots, dominating the exploration and production of oil products. But now, indigenous companies are beginning to ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 3 years agoOpinion > NigeriaIOCsInfrastructure +8

Clock ticking on Nigerian oil reform

After a 10-year wait, Nigeria and much of the oil sector globally wait this week in shared anticipation for the passing of the Petroleum Industry Bill (PIB). With just a few days left until the self-imposed deadline announced by the Senate for introducing the PIB, are we at last on the verge of a re ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 3 years agoOpinion > reformNigeriaindigenous +5

PIB delay latest: Buhari falls at first hurdle

Oh what a surprise. Not.   The most important piece of legislation proposed for the reformation of the single most lucrative and needy sector in Nigeria has fallen at the first hurdle. After positive noises have been heard from government sources over the past 4 months, many actually believed ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 3 years agoOpinion > BuhariPIBreform +4

Aiteo, Sahara, Seplat the front-runners in Nigeria’s oil renaissance

It's been a very long time since we have been able to report a different good news story every week in the Nigerian oil sector. But the positive trends, results and projections just keep on coming. It's almost enough to blow away the PIB blues . . . ! This week's good news comes from the Nigerian ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 3 years agoOpinion > Oil and GasNigeriaupstream +7

Start of the fightback or same old story from oil majors in Nigeria?  

It's been a purple patch for Nigeria's indigenous oil sector of late. After playing second fiddle to the international oil companies for the best part of the sector's history in Nigeria, homegrown talent has been rampant. If ever there was a time for the IOCs to worry for their future in the country ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 3 years agoOpinion > IOCsAgipExxonMobil +2

New refinery to finally strengthen blind spot in Nigerian oil sector?

If latest reports out of Abuja can be believed, the completion of the Dangote Refinery in 2019 will mark a very significant milestone, and in fact a great step forward, for the Nigerian oil and gas industry. This is the latest project from Nigeria's most valuable export: Aliko Dangote. The $14 bil ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 3 years agoOpinion > DangoteOilNigeria +3

Nipco the latest Nigerian home player to take a shot at the majors

For a while it was all Aiteo, Aiteo, Seplat, Seplat when it came to looking for home-grown Nigerian oil players with big ambitions. But there's a new contender! Nigerian fuel retailer Nipco has launched a 4.84 billion naira ($16 mln) offer for the shares it needs to take bump up its stake in Mobil O ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 3 years agoOpinion > NipcoMobilNigeria +3

Aiteo at the vanguard: the powerhouse at the centre of Nigerian oil

There is a quote that says: ‘ the definition of insanity is doing the same thing over and over again and expecting a different result '. It's often attributed to Albert Einstein, but it perfectly describes the state of the oil sector in Nigeria. Governments come and go, oil licences are approved, an ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 2 years agoOpinion > 2018Aiteo GroupNigeria +11

When it comes to vandalism Nigeria needs to address the cause, not the symptom  

Successive administrations in Nigeria each have their strengths and weaknesses, but one thing each government department has perfected into a fine art is the amalgamation of bad news into a grand narrative of considered, deliberate development. They will also never, ever miss an opportunity to take ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 2 years agoOpinion > SeplatOandoAiteo Group +4

Partnerships spell progress for plucky Nigerian firms

As if any more was needed, this week have another story to evidence the appetite for indigenous Nigerian oil firms to flex their muscles outside their own borders. Following the lead set by Aiteo Group's internationalist aims earlier this year , Oranto Petroleum has announced that it is set to s ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 2 years agoOpinion > OrantoUgandaInternational +6

Arthur Eze: Nigeria Profile

Last week I wrote about the partnership agreement with the Government of Uganda that was on the cards for Oranto , one of Nigeria's plucky oil groups taking on the IOCs. But what about the man behind the company. In this series, I'll be looking at some of the figures behind Nigeria's new breed of p ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 2 years agoOpinion > Arthur EzeAtlas OrantoOranto Petroleum +7
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