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
“Eze does it!”: Nigeria’s Oranto moves into Uganda
It was reported earlier this week that Oranto Petroleum – one of Nigerian many emerging indigenous oil and gas corporations – has secured two production sharing agreements with Uganda to explore for oil and gas around Lake Albert. Oranto Chairman, Arthur Eze expressed his exciting at the opportun ...Bayo Okoya - Delta Analytics Lagos
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
Uyo AK NG 06 Nov 2017
Nigerian Oil: Blending Indigenous Roots and International Ambitions
What makes a firm essentially Nigerian? Certainly not where it operates, but rather its people. Who founded it, who directs its day-to-day management and longer-term strategic direction. Who ‘calls the shots' in other words. However, there is another question. A lot of oil firms claim to be indigen ...Bayo Okoya - Delta Analytics Lagos
Aiteo Group appoints Global Group Chief Financial Officer
LAGOS/LONDON, 5 OCTOBER 2017: Aiteo is pleased to announce the appointment of Mr. Bruce Burrows as Global Group Chief Financial Officer ("CFO") with effect from 18 November 2017. He will report to the Executive Vice-Chairman, Global Group Aiteo. Bruce brings a wealth of experience from different pa ...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 ...
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
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
COPL On Track To Secure Funds For Offshore Nigeria Oil Project
Canadian Overseas Petroleum Limited (COPL) (XOP: TSX-V) & (COPL: LSE), an international oil and gas exploration and development company focused on offshore West Africa, provides an operational update on its licences in offshore Nigeria and Liberia. Further to the Company's Q2 results, date ...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
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
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
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
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
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