Latest Opinions


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 2 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 2 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 1 year 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 1 year 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 1 year 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 1 year agoOpinion > Arthur EzeAtlas OrantoOranto Petroleum +7

All You Need to Know About Benedict Peters – Nigeria Profile

I write quite a bit about leading energy figures in the oil and gas world in Nigeria. Last week I did a profile of Arthur Eze , the bombastic prince of Oranto's sprawling oil network. I don't believe that these visionaries get the credit they deserve so I want to make a point of drawing attention ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 1 year agoOpinion > Benedict PetersAiteo GroupNigeria +5

U.S Crude Puts Squeeze on Nigerian Exports

Just as it was all looking on the up for Nigerian oil exports, it looks now as though India, one of the country's biggest export partners, has fallen out of love with West African crude. According to a report on Platts, India's leading oil company, Indian Oil Corporation, has issued a tender for a ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 1 year agoOpinion > USACrudeIndia +6

EFCC: The Fish Rots From the Head in Nigerian Corruption Watch

There are a couple of things that will always happen in an African election. First, the incumbent will repeatedly promise not to stand, and then run anyway. Second, the loser will always, always cry foul at vote rigging (usually with good reason). And thirdly, the winner will always, always, always ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 1 year agoOpinion > BuhariNigeriacorruption +4

Naija rising - World Bank Report Shines Green

Great news released today for anyone watching the Nigerian economy, but no surprises for those of us who are on the ground: in the World Bank's Ease of Doing Business list , Nigeria was among the 10 economies showing the most considerable improvement. Demonstrating our resilience to turbulent oil ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 1 year agoOpinion > World BankNigeriaeconomy +3

Gath'ring Winter Fuel! Christmas Shortage Hits Commuters in Nigeria

As a last Christmas gift to Nigeria's hardest working, it was lucky motorists and commuters who enjoyed a little present: a three-week fuel shortage. Long lines of motorists, cars and buses were seen forming at petrol stations in several of Nigeria's major cities. Prices have rocketed sensationally ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 1 year agoOpinion > FuelCrisisgovernment +3

Fresh sleaze in Nigerian oil?

The Nigerian oil sector has been hamstrung by corruption, inefficiency, macroeconomic suppression and self-inflicting uncertainty over the regulatory environment. Legislation has so far done very little to change this. And on the corruption front, there are worrying new claims  that – despite makin ...

Bayo Okoya - Delta Analytics Lagos


Posted 2 years agoOpinion > NigeriaBuhariNNPC +2

Nigerian oil: overpromising and under-delivering

What the Nigerian administration possesses in its ability to propose ambitious promises, it ultimately makes up for in a lack of ability to execute its very well-intentioned plans. And it is now clear to everybody that the price of crude oil has very little to do with the country's problems. Among ...

Bayo Okoya - Delta Analytics Lagos


Posted 2 years agoOpinion > OilNigeriaPIB +6

What Brexit means for Nigeria

Speaking in Nigeria last week, the British High Commissioner to Nigeria, Paul Thomas Arkwright , was very keen to remind us of what Britain had done – and continues to do – with Nigeria. As Britain begins to negotiate a messy exit from the European Union, what seemed in part as a sales pitch to the ...

Bayo Okoya - Delta Analytics Lagos


Posted 2 years agoOpinion > BrexitNigeriaEmbassy +4

Nigeria says 'Power to the people!'

Like many working in the oil and gas sector in Nigeria, I am crossing my fingers that much-needed new legislation will be passed in the days ahead. Not only would it provide a confidence boost for the global investment community, but it would sure-up the domestic market and at last allow it to grow. ...

Bayo Okoya - Delta Analytics Lagos


Posted 2 years agoOpinion > NNPCPowergeneration +1
Last fetch 7/22/2019 4:25:49 AM