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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

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 2 years agoOpinion > World BankNigeriaeconomy +3

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 2 years agoOpinion > BuhariNigeriacorruption +4

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 2 years agoOpinion > USACrudeIndia +6

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 2 years agoOpinion > Benedict PetersAiteo GroupNigeria +5

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

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

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

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

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

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

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 2 years agoOpinion > IOCsAgipExxonMobil +2

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 2 years agoOpinion > Oil and GasNigeriaupstream +7

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 2 years agoOpinion > BuhariPIBreform +4

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 2 years agoOpinion > reformNigeriaindigenous +5