Latest Opinions


Nigeria Report: Native firms bear the risk of unusable pipeline

Nigeria's crucial Forcados pipeline remains offline following attacks in early January, forcing indigenous Nigerian firms to transport crude using an increasingly expensive and dangerous means: over water. Forcados, which is majority owned by Royal Dutch Shell, remains offline following militant at ...

Bayo Okoya - Delta Analytics Lagos


Posted 2 years agoOpinion > LicenceShellForcados +7

Nigeria expects the US to invest in underperformance

Ibe Kachikwu wants to give you 50 billion reasons to invest Nigerian oil. That was the message delivered to US investors by the Nigerian Petroleum Minister. Speaking in Houston, Texas on Tuesday, Dr Kachikwu said that the Government's recently unveiled Economic Recovery and Growth Plan (ERGP) would ...

Bayo Okoya - Delta Analytics Lagos


Posted 2 years agoOpinion > TexasHoustonNigeria +2

Nigerian Oil: The progressive protectionists

The only progress worth attaining is slow progress. This seems to be the way in Nigeria's oil sector. It is seven years since the Federal Government enacted the Nigerian Oil and Gas Industry Content Development Act of 2010 – otherwise called the Local Content Act. At the time, we knew progress would ...

Bayo Okoya - Delta Analytics Lagos


Posted 2 years agoOpinion > Nigeria

Nigeria and Libya could be forced to share OPEC output cuts as Saudi placates Iraq

A Saudi bid to shore up Iraqi support for a nine-month extension of an OPEC output deal could see Nigeria and Libya forced to share the burden of cuts. The two countries are currently exempt from self-imposed cuts agreed by the oil cartel as they restore capacity following domestic conflicts. Follo ...

Bayo Okoya - Delta Analytics Lagos


Posted 2 years agoOpinion > OPECSaudi ArabiaIraq +3

Benedict Peters: The fate of Nigeria’s oil future hangs in the balance

The workings of the oil sector in Nigeria had been in need of a rethink long before the Obasanjo government decided to take action nearly a decade ago. Passed from government to government in the years since, we're barely any closer to the promised alignment and clarification of the regulatory frame ...

Benedict Peters - Aiteo Group


Posted 2 years agoOpinion > OilPIBNigeria +10

Benedict Peters: What can we expect from Nigeria Energy Week 2017?

This week sees the launch of the 16th Nigeria Oil and Gas (NOG) Conference and Exhibition and Nigeria Power Forum , the annual gathering of the leading figures and organisations in the Nigerian oil and gas sector. In another challenging year for resources in Nigeria, will this year's conference pro ...

Benedict Peters - Aiteo Group


Posted 2 years agoOpinion > NigeriaOilDiversified Gas & Oil +6

Benedict Peters: No shortage of ambition at Nigeria Energy Week – but what of the challenges ahead?

It is clear that Nigeria's Petroleum Minister, Dr Emmanuel Ibe Kachikwu is a man undeterred by adversity. But what sets him apart is that, in spite of his bold ambitions for the oil sector, he is under no illusions about the scale of the challenge. That challenge is being explored in detail this w ...

Benedict Peters - Aiteo Group


Posted 2 years agoOpinion > OilNigeriaoil & gas conference +6

Benedict Peters: Nigerian firms fuelling the recovery

When Nigeria emerges from recession, the way we do business must change forever. This does not just mean an emphasis on diversification; though as the recession has bitten over the last 12 months, the need for diversifying the source of government revenues and our export base has never been more urg ...

Benedict Peters - Aiteo Group


Posted 2 years agoOpinion > NigeriaAiteoBenedict Peters +6

Benedict Peters: Investing In People Will Deliver Continuous Growth

In a troublesome year for the oil market, it has been a transformative year for Aiteo Group . The test so far has been demonstrating the resilience of Aiteo in the face of unfavourable headwinds, both domestically and in the global oil market. I believe that we have done so admirably. So now, the t ...

Benedict Peters - Aiteo Group


Posted 1 year agoOpinion > Aiteo GroupCFONigeria +2

Nigerian output to surge after dodging OPEC cuts

In a boost to Nigerian oil production, Royal Dutch Shell on Tuesday lifted its force majeure on exports of Forcados crude oil shipments. The force majeure , which allows companies to miss contractual obligations as a result of events out of their control, was imposed on 21 February 2016 followin ...

Bayo Okoya - Delta Analytics Lagos


Posted 2 years agoOpinion > NigeriaShellForcados +3

OPEC vs Nigeria: Lose-lose situation?

Last week, Nigerian oil minister Emmanuel Ibe Kachikwu indicated that Nigeria would not join OPEC oil cuts until March 2018 at the very earliest, citing a lack of stability in the nation's oil output. OPEC agreed in May this year to extend output cuts into 2018, though Libya and Nigeria were exemp ...

Bayo Okoya - Delta Analytics Lagos


Posted 1 year agoOpinion > OPECNigeriaProduction +2

Nigeria's Corruption Rhetoric Won't Fix The Oil Sector

In Nigeria ‘corruption' has so many forms, so many connotations and occurs in so many settings that it has become a loaded and vague term. At its most benign, it greases the wheels of a transaction, gets you in the room, bumps you to the front of the line. At its most malign, it undermines the fab ...

Bayo Okoya - Delta Analytics Lagos


Posted 1 year agoOpinion > NigeriacorruptionOil +4

Benedict Peters: Aiteo Founder hits back over corruption allegations, boasting $4bn of FDI

Despite being one of the most enterprising countries on the planet, Nigerians loves to do businesses down. What's more, it's often our own home-grown businesses. This week, one of those business has decided to hit back. Having been the subject of corruption allegations as part of Buhari's anti-graf ...

Bayo Okoya - Delta Analytics Lagos


Posted 1 year agoOpinion > AiteoNigeriaBenedict Peters

Benedict Peters: We must rebuild Nigerian local content capacity

In the year 2000, I started building what will turn into Nigeria's biggest storage terminals in Lagos and in Port Harcourt. I had just finished a seven year sojourn of working as an executive in other Nigerian oil companies and now positioned myself to become a local content player in Nigeria. When ...

Benedict Peters - Aiteo Group


Posted 2 years agoOpinion > 2017 Oil industry PredictionsNigeriaAfrica Oil +4

Nigerian Oil Industry Threatened by Strikes

Oil Industry at Risk of Major Damage Oil truck drivers in Nigeria took to the capital's streets in protest in early April because of wage disputes and lousy roads, causing widespread strikes and attacks. Reuters reported that the strikes could lead to major disruptions in the supply chain of th ...

Giora Tal - SHELLL


Posted 2 years agoOpinion > Nigeriaoil undstrylegislation +1
Last fetch 7/22/2019 4:59:11 PM