This article is based on a presentation I made at the CWC Practical Nigerian Content forum as a member of The Lagos Oil Club. The practical Nigerian content forum assembled a broad international spectrum of stakeholders in the Oil and Gas industry to learn and share ideas on the Nigerian Oil and Gas Industry Content Development Act (NOGICDA 2010). In order to give a sense of the participation at the event I will give some names of the speakers and their themes at the forum.
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Sunday, October 30, 2011
Stakeholder Analysis: Towards Practical Content & Supply Chain Sustainability in Nigeria
By Feso Bright
This article is based on a presentation I made at the CWC Practical Nigerian Content forum as a member of The Lagos Oil Club. The practical Nigerian content forum assembled a broad international spectrum of stakeholders in the Oil and Gas industry to learn and share ideas on the Nigerian Oil and Gas Industry Content Development Act (NOGICDA 2010). In order to give a sense of the participation at the event I will give some names of the speakers and their themes at the forum.
This article is based on a presentation I made at the CWC Practical Nigerian Content forum as a member of The Lagos Oil Club. The practical Nigerian content forum assembled a broad international spectrum of stakeholders in the Oil and Gas industry to learn and share ideas on the Nigerian Oil and Gas Industry Content Development Act (NOGICDA 2010). In order to give a sense of the participation at the event I will give some names of the speakers and their themes at the forum.
Sunday, October 16, 2011
Should Nigeria Deregulate its Petroleum Downstream Sector?
By Ahmed Adamu
As the sixth largest oil exporter in the Organization of Petroleum Exporting Countries (OPEC), Nigeria is endowed with abundant quantities of oil, subsequently the country has generated billions of dollars as revenues from oil since the last four decades when oil was first found in the country. Despite the enormous revenues Nigeria gets, the benefit has not reflected into the lives of ordinary citizens in the country and the Nigerian Economy is continuously confronting challenges, this may have resulted from inefficiencies, corruption, abuse of Natural Monopoly Powers, mismanagement, smuggling, bureaucratic bottlenecks and excessive subsidy.
As the sixth largest oil exporter in the Organization of Petroleum Exporting Countries (OPEC), Nigeria is endowed with abundant quantities of oil, subsequently the country has generated billions of dollars as revenues from oil since the last four decades when oil was first found in the country. Despite the enormous revenues Nigeria gets, the benefit has not reflected into the lives of ordinary citizens in the country and the Nigerian Economy is continuously confronting challenges, this may have resulted from inefficiencies, corruption, abuse of Natural Monopoly Powers, mismanagement, smuggling, bureaucratic bottlenecks and excessive subsidy.Saturday, October 15, 2011
WEEKEND DIGEST-->>> 15-16 OCTOBER 2011
The Weekly Digest brings you the highlights of 'The Mix: Oil and Water!' for the past week.
Catch up. Read your favourite Articles and Posts- again and again...and some more!!!
**CLICK ON THE ARTICLES TO READ**
Top 5 Posts Read- This Week:
Tuesday, October 11, 2011
TOP NEWS PICK : OCTOBER 11, 2011
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OPEC Crude Oil Output Drops to 30 Million Barrels per Day in September
LONDON, Oct. 10, 2011 /PRNewswire/ -- The Organization of the Petroleum Exporting Countries (OPEC) oil production declined by 130,000 barrels per day (b/d) to 30 million b/d in September, due mainly to lower volumes from Saudi Arabia and sabotage-hit Nigeria, a just-released Platts survey of OPEC and oil industry officials and analysts showed | Your Oil and Gas News
Uganda: Oil bubble bursts
An MP yesterday submitted a document fingering ministers, including Prime Minister Amama Mbabazi, as having pocketed billions of shillings in commissions as the House opened a stormy debate on what they called the “shameless corruption” ripping through the oil sector | The Monitor
Crude holds on European optimism
Brent crude held near $109 on Tuesday on cautious optimism that European banks may avert a financial crisis after leaders vowed to unveil a plan to resolve the region's debt woes while a strike in Opec member Kuwait threatened exports | Upstream Online
Nigeria oil unions begin three-day warning strike over insecurity in Delta
Nigeria's oil unions Monday began a three-day warning strike over growing insecurity in the oil-rich Niger Delta | Platts
China, Russia talk energy as Putin visits
China and Russia will discuss an elusive giant gas deal during Prime Minister Vladimir Putin's visit to Beijing, but a Russian official said on Monday that there were no plans to sign an agreement just yet | Upstream Online
Shell oil block divestment plan runs into hitch
Plans by Shell to conclude sales agreement for its share in four Nigerian oil blocks have run into a hitch following a row over the operatorship of the
Monday, October 10, 2011
Nigeria Natural Gas: Towards Sustainable Energy Development
By Tolulope Togun
Gas utilization is a primary goal of Nigeria's petroleum and energy policies. This is because, with a proven reserve of about 182 trillion cubic feet of natural gas, Nigeria's gas reserve is triple the nation's crude oil resources. Gas discoveries have been largely the result of an influx of foreign exploration capital from international oil companies. Natural gas, a clean burning fuel, is recognized as a key component of meeting sustainable development goals. Private sector investment in natural gas is allowed to varying degrees and has problems that lack of capital has on resource development. Lack of capital remains an issue where private investment is required.
TOP NEWS PICK : OCTOBER 10, 2011
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Iran Fires Gazprom from Azar Oil Field
EHRAN (FNA)- Senior Iranian oil ministry officials announced here on Sunday that they have fired the Russian gas company, Gazprom, from Azar oil field in Western Iran | Oananews
'Iran can export 15m L of diesel daily'
Managing Director of the National Iranian Oil Refining and Distribution Company (NIORDC) Alireza Zeighami says the Islamic Republic is capable of exporting 15 million liters of diesel per day | Presstv
Saudi Aramco-Total $1B Islamic bond oversubscribed
RIYADH, Saudi Arabia (AP) -- Saudi Aramco Total Refining and Petrochemicals Company says it has raised $1 billion for its 400,000 barrel per day refinery project by selling an Islamic bond | Associated Press
Mediterranean gas reserves tension flares
Beneath the seabed of the eastern Mediterranean are natural gas deposits potentially so vast that the economic map of the region is already being redrawn, even as tensions flare | Financial Times
India welcome to explore oil and gas in Vietnam: Vietnam President Truong Tan Sang
HANOI: Unfazed by Chinese threats, Vietnam President Truong Tan Sang today said India and other foreign nations were welcome to
Sunday, October 9, 2011
WEEKEND DIGEST-->>> 8-9 OCTOBER
The Weekly Digest brings you the highlights of 'The Mix: Oil and Water!' for the past week.
Catch up. Read your favourite Articles and Posts- again and again...and some more!!!
**CLICK ON THE ARTICLES TO READ**
Thursday, October 6, 2011
OCCIDENTAL PETROLEUM CORPORATION: A Stakeholder Analysis
By Gbolade Okeowo
The discussion in my previous article: OCCIDENTAL PETROLEUM CORPORATION: Why is it the Most Admired Company of 2011? -about the nature, capabilities and achievements of Oxy, is a springboard for me to analyse the organisation looking in particular at its stakeholders and objectives.Stakeholders are any group with an interest in the activities and results of an enterprise (Macmillan and Tampoe, 2000). For Oxy the most obvious stakeholders are shareholders, employees, local governments and customers. However, suppliers, auditors, bankers, pressure groups, competitors and the society at large are also significant stakeholders for Oxy.
Relating the concept of stakeholders to issue under discussion, all the groups mentioned above are significant to Oxy’s operation and performance. This analysis however focuses on the stakeholders who wield crucial influence and have the most interest in Oxy’s activities and performance. To arrive at such a juncture, this article briefly explains the relevance of significant stakeholders to Oxy’s operations and then classifies these stakeholders using Mendelow’s power- interest matrix. This part of the analysis also identifies Key Performance Indicators (KPI’s) for each of the stakeholders.
TOP NEWS PICK : OCTOBER 6, 2011
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Crude falls on Elephant fears
Brent crude held above $102 after surging in the previous session as pessimism about weaker demand was outweighed by a surprise drawdown of US inventories and concerns that Libya's largest oilfield could be damaged.
East Africa: Kenya Could Announce Oil Find By the End of This Year Say Industry Experts
Could Kenya finally be about to strike oil? As firms pump in millions of dollars into the exploration business, the buzz on both the Kampala and Nairobi grapevines is that Kenya could announce an oil find by the end of 2011 | All Africa.com
Petrobras in Tanzania farm-out
Brazilian giant Petrobras said late on Monday that it has granted supermajor Shell a 50% interest in two blocks in Tanzania under a farm-out agreement | Upstream Online
Iceland opens licencing round
Iceland has opened a second round for hydrocarbon exploration and production licences on the Icelandic Continental Shelf, two years after its first licencing offer | Upstream Online
Argentina's Largest Wind Farm Opens
Argentinean President Cristina Fernandez has inaugurated the largest wind power plant in Argentina in southern Patagonia. Patagonia's Rawson wind turbines plant will generate 80 megawatts of electricity | REVE
Chevron launches world’s largest solar EOR project
Chevron Technology Ventures launched its
Wednesday, October 5, 2011
THE RESOURCE CURSE: Iran and Norway in Focus
By Nima Nasrollahi Shahri
Studies signify a meaningful reverse correlation between resource abundance and GDP growth leading to a paradox termed “resource curse”[1]. The paradox is that countries which should be better-off as a result of resource availability and big revenues from the export of these resources, on average, function economically worse. Terry Lynn Karl in his book entitled “paradox of the plenty” [2]discusses how oil revenues fail to bring about the much expected prosperity to the producing countries with a special focus on Venezuela. The question whether this strong correlation is reflective of a causal link or not is very difficult to address[3]. However, Ragnar Torvik (2009) concludes based on the literature he presents that:TOP NEWS PICK : OCTOBER 5, 2011
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India: Change of guard at ONGC
India has formally appointed Sudhir Vasudeva as the new chairman of state-owned Oil & Natural Gas Corporation (ONGC), a government statement said on Monday | Upstream Online
Gazprom to start gas supply to Germany via Nord Stream November 8
Russia's Gazprom will start supplying gas to Germany through the 27.5 billion cubic meter/year Nord Stream pipeline on November 8, company CEO Alexei Miller said Monday | Platts
Australia LNG 'on Qatari radar'
Qatar is reportedly looking to buy into Australia’s expanding liquefied natural gas sector as it looks to head off the biggest threat to its position as the world’s number-one LNG exporter | Upstream Online
Nigeria: Explosion rocks Agip facility in Bayelsa
Yenagoa- An oil facility, the Obama flow line (Tereke) owned by the Nigerian Agip Oil Company (NAOC) in the Nembe local government area of Bayelsa State was Sunday rocked by explosion | Vanguard
Gaping Hole in Arctic Ozone
For the first time since record-keeping began, destruction of the
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