Boiler Technician – Power Plant at Flour Mills of Nigeria Plc

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11th January 2023

Russia has unveiled plans to monitor international crude oil prices to limit barrel discounts. The move is aimed at combating the price cap from the G7 and European Union, Bloomberg reported yesterday.
The agency said Russia’s federal budget deficit exploded in December due to restrictions on Russian oil by EU and their American allies.

According to the report, the Russian President Vladimir Putin plans to monitor international crude oil prices and use the data to better stave off any discounts for its oil that emerge on global markets.
Monitoring regulations are coming soon, and any measures meant to counteract the West’s price cap will be based on market principles, the oil ministry added.

That comes as Russia’s main oil product, Urals grade, is trading way below the G7’s $60 price cap, as the heavily sanctioned nation only has a handful of buyers to keep up its crude oil trade.

Those customers have also been able to score steeper discounts on oil as Russia struggles to replace European oil sales since an EU embargo went into effect on December 5.

Also Read: India Boosts Imports With Russia’s Arctic Oil

Russia had sold oil below the price cap to India. Russia has already suggested creating a price floor for its crude as a counter measure, and traders have criticized the Kremlin for potentially further destabilizing the global energy market on the brink of a steep increase in demand as China unwinds from lockdowns.

Putin is said to be grappling with a massive budget deficit due to the price cap effort, and the gap reached a record 3.9 trillion rubles, equivalent to $56 billion, in December alone. The full-year deficit reached 3.3 trillion rubles.

The nation’s oil export revenue fell $15 million in the last week of 2022, and if prices for Russian oil stay at December levels, then revenues will fall by about 2.4 trillion rubles, according to Bloomberg data.
For now, Russia has labeled the price cap as “illegal” and Deputy Prime Minister Alexander Novak said in December that Moscow could cut oil production by as much as 700,000 barrels per day in response.

By Bosco Agba

EU Approves $3.4m For Okra Solar To Provide Energy Access In Nigeria

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11th January 2023

The European Union (EU) has approved a $3.4 million working capital facility under the ElectriFI Country Window for Nigeria for energy access beneficiaries.

The fund is being made available for Okra Solar to use solar mesh grids to target 76,000 energy access beneficiaries by the end of 2025.

A release yesterday said the company has started focusing on the highly strategic Nigerian market and wants to deploy multiple pilot projects to energise more than 30,000 households in-country over the next two to three years.

The co-founder and CEO, Okra Solar, Afnan Hannan said following this new provision, Okra Solar will provide access to electricity through mesh-grid technology to mini-grid developers.
He confirmed that the initiative, which was launched in 2016, Okra Solar developed the mesh-grid technology specifically to electrify underserved or unserved communities.

Also Read: Sun King Secures $70m Equity Investment Led By LeapFrog

He explained that their proprietary Okra Pod is a device that enables the solar systems installed at each household to communicate and share power through a low-voltage transmission cable (creating the mesh grid). The pods are sold with PV panels, batteries and inverters.

The company has started focusing on the highly strategic Nigerian market and wants to deploy multiple pilot projects to energise more than 30,000 households in-country over the next two to three years.
The Afnan Hannan said “Even with off-grid solutions like mesh grids being 10 times cheaper than grid extension for hard-to-reach communities, 80 million people continue to live off-grid in Nigeria.

According to him, Okra is incredibly excited to work with EDFI ElectriFI to deploy innovative financial tools that will enable local developers to deploy mesh grids at scale and continue rapidly bringing power to the people”.

EDFI ElectriFI’s investment consists in a revolving working capital facility, designed to bridge the financing gap in the supply chain and help Okra leverage the high demand for their technology, penetrate the Nigerian market further and eventually speed up sustainable electrification.

Also Read: DEG Provides $750,000 Funding for Solar Microgrids in Nigeria

ElectriFI senior investment officer at EDFI MC, Maud Watelet, called the Okra Solar technology “transformative”. Also, the head of Green and Digital Economy at the Delegation of the European Union to the Federal Republic of Nigeria & ECOWAS, Inga Stefanowicz said “As such, it is at the heart of our partnership with Nigeria, which among others, aims at improving reliable energy access to seize the environmental, social and economic potential of renewable energy”

By Bosco Agba

DEG Provides $750,000 Funding for Solar Microgrids in Nigeria

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11th January 2023

The German Investment and Development Corporation (DEG) has announced the provision of a loan of $750,000 to Husk Power Systems.

The company is expected to use the loan to finance the construction of eight solar microgrids in Nigeria, as well as the expansion of its operations in India.

The $750,000 loan is provided under the up-scaling programme of the German Investment and Development Cooperation (DEG), a subsidiary of the German Development Agency (KfW).
This initiative, co-financed by the German federal ministry for economic cooperation and development, supports innovation in developing countries.

Part of the funding is for the expansion of Husk Power’s operations in India. “Access to affordable debt is essential for scaling up solar microgrids in Nigeria, where 90 million people live without access to electricity.

Also Read: Sun King Secures $70m Equity Investment Led By LeapFrog

This ﬁnancing provides Husk with a solid foundation to unlock additional debt, including in local currency (the naira), this year and beyond,” says Manoj Sinha, Husk Power’s managing director.

The funding supports Husk’s strategy to build and commission 500 solar-powered microgrids in Nigeria by 2025. These installations will provide clean electricity to households, small businesses and commercial enterprises in rural areas.

The debt incurred by Husk Power Systems follows the mobilization of $10.3 million in 2022. The funds were also raised from the European Union’s (EU) Electrification Financing Initiative (EDFI) and the Indian Renewable Energy Development Agency (IREDA) for the installation of 200 solar micro-grids in India.
The Fort Collins, USA-based company has already successfully implemented 12 solar microgrid projects in Nigeria

Sun King Secures $70m Equity Investment Led By LeapFrog

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11th January 2023

…Expands Series D to $330ity Investment Led By Le

Sun King, a provider of off-grid solar energy products in Africa and Asia, has secured a $70 million equity investment led by LeapFrog Investments.

Many African households and communities cannot access affordable and reliable solar technology, limiting their ability to generate their electricity and reducing their reliance on grid-based power.
Direct-to-consumer, pay-as-you-go (PAYG) solar distribution networks are offered by businesses like Sun King, enabling households and individuals to get electricity on the cheap. Sun King asserts to be the largest of this kind globally.

According to the company, it has delivered solar energy to 165,000 homes per month across eight African countries — and in Kenya, where it has operated for over a decade, over 1 in 5 people use its product for light and power, accounting for 22 million Kenyans served to date.

On a much larger scale, Sun King pointed out that since its founding in 2007 by chief executive officer, Patrick Walsh and Anish Thakkar, its products have provided light and power to 95 million people throughout its African and Asian markets, including Cameroon, Mozambique, and Togo, three countries it recently expanded into.

Also Read: United States New Law Could Slow Solar Energy Rollout

The solar energy company has also provided more than $500 million in solar purchase finance through a network of over 20,000 field agents, 36% of whom are women.

“We are proud that LeapFrog is investing in Sun King to expand access to energy with renewable solar power,” said Thakkar. “LeapFrog brings a wealth of experience meeting the needs of customers in the countries where we are working to make solar energy solutions easily accessible to everyone.”

Sun King claims to be profitable and has grown its business by 95% year over year since the initial Series D investment nine months ago. We stated in April that a large portion of the initial investment would be used to expand its PAYG solutions and introduce larger setups capable of powering appliances like refrigerators and scale the business’s presence.This ex

tension, which includes $38 million of additional primary investment, will capitalize on this effort. The extension also has an additional secondary investment, which will be used to exit all of Sun King’s prior institutional investors completely, the company said in a statement.

Sun King’s founders will continue to hold voting control. As part of the deal, LeapFrog, which in May invested in African fintech giant Interswitch, joins Sun King’s board, which now includes General Atlantic and M&G Investments, as well as Prabha Sinha, the company’s first investor.

Also Read: Bboxx Acquires Solar Energy Frontrunner PEG Africa

“Sun King is leading the way in providing sustainable, safe and reliable electricity access to emerging consumers in Africa and Asia. The company’s off-grid solar systems will be vital in filling the growing electricity accessibility gap and ensuring these emerging countries avoid the carbon dioxide emissions and detrimental health impacts that result from energy sources like diesel generators, wood burners and kerosene,” said Karima Ola, partner at LeapFrog Investments.

“Through innovative payment models, Sun King ensures that consumers don’t bear the upfront cost of a clean energy transition, allowing them to leapfrog directly to less carbon-intensive consumption. We are pleased to be partnering with Sun King for the next stage of their impressive growth journey.”

Iraq Set To Flag Off First New Refinery In Decades

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11th January 2023

…Refinery to hit full capacity by July

Iraqi oil minister, Hayan Abdel Ghani, has confirmed that Iraq’s new Karbala refinery, located south of Baghdad, would begin commercial production of fuels in the middle of March.
According to Argus, the fuels from the facility will help Iraq cut its refined product imports by an estimated 60%.

Reuters quoted a source at the facility yesterday saying however that the refinery would reach full 140,000 barrels per day (bpd) capacity by July this year.

The source said start of production will see the refinery doing test runs at 60% of capacity.
Karbala, Iraq’s first new refinery in decades, is designed to produce gasoline, LPG, jet fuel, gasoil, fuel oil, and asphalt.

The new refinery is not expected to affect Iraq’s crude oil exports as OPEC’s second-biggest producer could either raise its oil production or cut processing rates at other refineries, the source told Reuters.
Iraq’s exports from the southern port of Basra averaged 3.24 million bpd in December, per data from state-owned marketer SOMO seen by Reuters.

Also Read: Global Oil Prices Rise As China Reopens Borders

Iraq, OPEC’s second-largest producer behind Saudi Arabia, raked in more than $115 billion in oil revenues in 2023, according to figures released by the country’s oil ministry last week.

That figure stems from crude oil exports of 1.209 billion barrels last year—or an average of 3.320 million bpd. As OPEC’s second-largest crude oil producer, producing 4.5 million bpd in Q3, Iraq relies on oil revenues for nearly all of its export income.

Iraq’s oil revenues fell in 2020 to just $42 billion, according to Al-Monitor, as Saudi Arabia and Russia’s oil price war collided with the start of the pandemic, tanking crude oil prices. In 2021, Iraq’s oil revenues rebounded to $75.6 billion.

Iraq is home to the world’s fifth-largest proven oil reserves, holding 145 billion barrels.
Meanwhile Iraq oil ministry has said that Iraq’s oil revenues in 2022 exceeded $115 billion.
“The total revenue from the export of crude oil for the year 2022 amounts to more than US$115 billion,” minister for oil, Hayan Abdel-Ghani was quoted saying

Also Read: India Boosts Imports With Russia’s Arctic Oil

The country exported more than 1.2 billion barrels in 2022, averaging 3.3 million barrels per day. Iraq said in October 2022 that it had dismantled the largest oil smuggling network in Basra Governorate. The smugglers stole and smuggled the oil by making holes in crude oil export lines in the Zubair oilfield.
Oil & Gas Middle East reported that some of the accused are senior officers from the Energy Police Forces tasked with protecting the oil infrastructure.

The medium said however that the smuggling didn’t stop Iraq’s oil revenues from reaching what was a four-year high after Russia’s invasion of Ukraine sent oil prices higher.

As OPEC’s second-largest crude oil producer, generating 4.5 million bpd in Q3, oil revenues account for nearly all of Baghdad’s income.

Petrobras Braces For Attacks On Refineries

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11th January 2023

Brazil’s state oil major Petrobras has stepped up security at its refineries in response to threats of attacks on the infrastructure, Reuters has reported, citing unnamed sources.

The threats come as supporters of Brazil’s previous president, Jair Bolsonaro, stormed Brazil’s Congress, the presidential palace, and the Supreme Court this weekend. The riots first erupted following the narrow victory of President Ignacio Lula da Silva over Bolsonaro in October and have been going on since then.

“These vandals, who we could call… fanatical fascists, did what has never been done in the history of this country,” President Lula said. “All these people who did this will be found and they will be punished.”
Petrobras, meanwhile, issued a statement over the weekend saying that all its units were operating as usual, adding that “Petrobras is taking all the preventative protective measures required, as a standard procedure.”

Also Read: Brazil Looks Up to Russia To Boost Diesel Imports

“Besides monitoring the status of protests in these structures, we remain alert and in coordination with other ministries and states to ensure the supply,” said the Mines and Energy Minister of the Lula government, Alexandre Silveira, as quoted by Reuters.

According to the news agency’s unnamed sources, Petrobras refineries in the states of Sao Paulo, Rio de Janeiro, and Parana are among the potential targets of the rioters.

President Lula da Silva’s victory has not been good news for Petrobras shareholders. Lula’s plans involve turning Petrobras into a renewable energy major, which caused a plunge in Petrobras’ stock price when he took office earlier this month.

Also Read: Shell, TotalEnergies Among Winners Of Latest Brazil Oil Tender

There’s more, too. In his inauguration speech, President Lula vowed increased government intervention in the economy to stimulate growth. He also said that Petrobras, along with the national development bank, BNDES, should be the biggest drivers of this growth, suggesting there won’t be much independence for either in decision-making.

Oilprice

TCN’s Wheeling Capacity And Transmitting Peak Generation

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11th January 2023

TCN’s wheeling capacity as simulated by its system planning department is 8,100MW and since the simulation was carried out, TCN says it has continued to expand the nations grid, by rehabilitating and upgrading brown field/existing projects and building new/ green field projects.

The projects are in various TCN old or new Substation’s nationwide, from the North to the South, to the East and West. The projects both substations, lines and systems operations projects are numerous and on ground nationwide. Several are already in circuit while others are ongoing.

The organization said its capacity and capability to transport bulk power is presently above the current bulk power genrested into the grid and quantum power being taken by the DisCos

Also its capability to efficiently transmit the quantum of power generated into the grid is evidenced by the record of historical peak generation that were successfully transmitted to distribution load centers nationwide, including;

Also Read: TCN Working To Restore Power To Abuja Central Area

* 18th December, 2017 – 5222.3MW was successfully transmitted.
*7th February, 2019 – 5375MW was successfully transmitted.
18th August, 2020 – 5420.30MW was successfully transmitted.
*28th October, 2020 – 5459.50MW was successfully transmitted.
*30th October, 2020 – 5520.40MW was successfully transmitted.
*25th February, 2021 – 5593.40MW was successfully transmitted.
*28th February, 2021 – 5615.40MW was successfully transmitted.
*1st March, 2021 – 5,801.60MW was successfully transmitted.

On March 1st, 2021, the Gencos generated a record peak of 5,801MW, which was equally transmitted very successfully to distribution load centers nationwide, eligible customers, and international customers.

TCN’s operational capacity at 8,100MW and growing, is backed by facts and empirical data. TCN is not claiming that it has resolved all the challenges that impact its operations as the manager of the transmission grid, but it is resolute in its expansion drive and is constantly working on its well-articulated

Nigerian Electricity Grid Maintenance Expansion & Rehabilitation Programme (NEGMERP). TCN’s commitment to achieving its Nigerian Electricity Grid Maintenance Expansion & Rehabilitation Programme (NEGMERP) is gradually paying off.

Also Read: TCN Energizes 2x60mva 132/33kv Gwarinpa GIS Transmission Substation

TCN’s wheeling capacity had increased from about 5000MW in 2016 to 8100MW and growing, through the diligent implimentation of NEGMERP.

TCN is committed to continually increasing the transmission capacity to ensure continued efficient acuation of bulk power from the generation companies and transmitting same to distribution companies load centers nationwide, eligible and international customers.

Global Oil Prices Rise As China Reopens Borders

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10th January 2023

Global crude oil prices started looking up with opening of the week just as China reopened its borders, spurring optimism among analysts that the country was truly exiting its Covid-related self-isolation.

A report yesterday said the optimism pushed both Brent crude and West Texas Intermediate up by more than a percentage point in morning Asian trade yesterday, although both remained below $80 per barrel at the time of filing the report.

“Crude oil prices recovered from the previous week’s losses as the economic reopening in China and less aggressive monetary tightening prospects from the Federal Reserve set a positive tone for demand recovery,” Reuters quoted a Phillip Future analyst as saying.

Also Read: Oil Prices Will Jump 28% In 2023 – Global Research Group

Other analysts have been issuing bullish outlooks for the whole year in oil. “Within commodity sectors we like energy the best and suspect that oil prices are on track for another positive year, driven by production challenges and strategic opportunities in large oil-producing countries,” the head of global real asset strategy at Wells Fargo, John LaForge, told TheStreet.

The report said there seem to be good reason for recession as the main bearish factor, while China’s reopening continues to be the main bullish factor for oil.

The EU’s core inflation hit record high at the end of 2022, while the U.S. Fed continues its aggressive inflation-taming approach.

If a recession indeed hits enough countries, oil prices could dip to $60 per barrel, according to energy economist Bernard Weinstein, who spoke to TheStreet.

Also Read: EU Focuses On Getting Members Accept The $60pb Cap For Russian Oil Prices

At the same time, however, OPEC+ is keeping its finger on the pulse of the oil market and stands ready to tweak production again to avoid this happening. Even so, the cartel said in its latest monthly oil market report it expected higher oil demand this year than last year.

It would be recalled that oil prices began the new year with a slump as traders focused on China’s Covid developments and general recession worry.

Nigeria Would Bid Farewell To Fuel Importation By End Of 2024 – Minister

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10th January 2023

Nigeria has projected that its petroleum products’ importation regime will end by the first quarter of 2024.

Minister of state, petroleum resources, Timipre Sylva, who dropped the hint in Abuja yesterday, said the federal government estimates that by the first quarter of 2024, the rehabilitation of the Port-Harcourt refinery would be partly completed while the 650,000 barrel per day (bpd) capacity Dangote Refinery would also be on stream. Sylva spoke at the resumption of the ‘PMB Administration Scorecard Series (2015-2023)’ organised by the ministry of information and culture. The scorecard series, started in Oct. 18, 2022, is designed by the state to showcase the achievements of the President Muhammad Buhari administration.

The petroleum minister actually said that the 60,000 bpd capacity refinery within the Port-Harcourt Refinery complex would be ready for production by Quarter one of 2024.

Also Read: NUPRC Calls For Identities Of Oil Well Owners

According to him, the Dangote Refinery, regarded as the largest single-train refinery in the world with investment of over $25billion would come on stream before the end of 2023, in addition to a number of modular refineries projects littered in the Niger Delta region of Nigeria

The minister told the audience at the Rdio House press center that he is certain that with the combined production of the Port-Harcourt refinery, Dangote refinery and the modular refineries, Nigeria would end importation of petroleum products into the country at the estimated time.

Sylva explained that it was in order to ensure local supply of the productions by the private refineries that the state took 20% equity stake in the Dangote Refinery.

In addition, the minister further informed, the state secured 30% equity stake in each of the WalterSmith modular refinery in Ibigwe, Imo state and Duport Modular Refinery in Edo state among others.

Also Read: Eni Boss Points Way To Africa For Europe’s Natural Gas Supply

He said that the government participation in the business of the modular refineries includes addressing the challenge of access to crude oil.

He pointed out that the removal of subsidy would attract more investment into the petroleum sector as many private people would be willing to invest in building refineries.

According to him, the huge funds expended on oil subsidy could be deployed to other developmental projects that would impact the society

Assistant Manager, Drilling Operations at Eni

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9th January 2023

We are a major integrated energy company, committed to growth in the activities of finding, producing, transporting, transforming and marketing oil and gas. Eni men and women have a passion for challenges, continuous improvement, excellence and particularly value people, the environment and integrity.

Job Type: Contract
Qualification: BA/BSc/HND
Location: Rivers

Job Description

We are looking for an Assistant Manager, Drilling Operations within NAOC in Port Harcourt, Nigeria.
You will be responsible for providing, based on the general programmed and of instructions received, for the evaluation of the most suitable sequence of wells and rigs to be used, in order to minimize cost.

Responsibilities
As a member of the well operations team at NAOC you will be responsible for:

Providing for the preparation, from the general programmed and instructions received, of the annual drilling programmed, interacting with other relevant units to ensure efficiency and cost effectiveness
Ensuring the correct and effective carrying out of drilling, in terms of depth, direction, time, costs while the geological programmer is defined by the Exploration Department.
Preparing and controlling, as Budget Sub-item Holder, the pertinent budget sub-items and their periodic revision.
Ensuring that the activities carried out by contractors follow the time and cost budget and in accordance with good petroleum engineering practice.
Supervising drilling activities and associated contractors; to report any technical or economic deviations from original scope of approved drilling programmer to Management through his superior, proposing necessary changes in the well target if there are operational constraints; ensures the timely supply of materials and control of the contractor’s invoices.
Evaluating the need for services, equipment, and materials and to provide for the issuing of requisitions; provides, in co-operation with other units, for the definition of the economic level of the stock of drilling materials; participates in contract negotiations in accordance with Company’s policies and procedures.
Keeping abreast of developments in drilling technology and to assist his superior in ensuring the appraisal, training, and professional development of his personnel in accordance with Company’s policies and procedures.
Maintaining contact with ENI Div E&P, NNPC, DPR and with other oil companies, to give, receive or exchange materials, etc.
Participating as a member of the Emergency Task Force in the event of a blow-out of a well and to carry out other duties assigned to him by his superior.
Participating, when required, in Technical Committee Meetings.

Requirements
This is the opportunity for you if you have these skills and requirements:

Candidates should possess an HND , B.Sc Degree in Geology / Petroleum Engineering with relevant work experience.
Experience in the planning, drilling and operational activities
A good practical experience in the safe drilling and logging of wells in order to fully meet prognosis targets in different operative and geological situations.
Considerable degree of analytical judgment in well operations activities. Makes a considerable number of non-routine decisions, with very significant time and cost implications
Working experience in the field
Contractors involved in completion, work-over, activities
Drilling and completion engineering co-coordinator, Mud engineer, General services for material and personnel movements, Q.A and Safety department, contracts department, Production dept.

Method of Application

Interested and qualified? Go to Eni on enirecruit.taleo.net to apply

Lead Machinery / Mechanical (Static / Rotating) Engineer at JUBOB Keystone Engineering Nigeria Limited

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9th January 2023

JUBOB Keystone Engineering Nigeria Limited is an indigenous registered company, having its headquarters office located in Benin City, Edo State. It provides EPIC and Project Management Services for the Offshore/Onshore Oil & Gas, Refining and Petrochemicals Industries.

We are recruiting to fill the position below:

Job Title: Lead Machinery / Mechanical (Static / Rotating) Engineer

Location: Benin, Edo
Employment Type: Full-time

Duties and Responsibilities

To follow-up Engineering activities related to Static and Rotating Machinery and ensure compliance with the Project specifications, and each work package
To manage technical evaluation of the bids and prepare technical recommendation with Head of Engineering.
To follow-up procurement, construction, expediting, FAT as per mechanical (static/rotating equipment) discipline.
To review proposed deviations and give recommendation for project management approval.
Review and verify equipment supplier’s engineering. Also participating in the installation and commissioning of equipment.
Preparation of Equipment Technical Specifications, such as Specification and Mechanical Data Sheets.
Review of Process Data Sheets and Supplier documentation for integration within Project design, such as GA / Details / Calculations / Fabrication Procedures.
Supervise discipline site installation, noting any deviations and ensuring site activities are executed as planned.
Act as the focal point for the preparation and review of all technical drawings and documents for mechanical (static/rotating equipment) discipline.
Reviews and provides knowledgeable technical inputs on mechanical engineering related technical matters to interfacing disciplines during the execution of the project work packages.

Qualifications

Minimum Qualification: B.Sc. / B.Eng. (Mechanical) with 10 plus years’ experience in an Engineering Organization in a similar design position.
Good analytical skills
Good knowledge of relevant rules, regulations, and standards
Reading and understanding of erection drawings.
Experience in offshore hook ups, major oil & gas projects, implementing designs & drawings.
Good understanding of project procedures and their requirements.

How to Apply
Interested and qualified candidates should send their CV to: [email protected] using the position in capital letters as subject of mail

Application Deadline 14th January, 2023.

Graduate Trainee HSE / IT Officer at Padua Petroleum Nigeria Limited (PPNL)

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9th January 2023

PADUA PETROLEUM NIGERIA LIMITED (PPNL) is an indigenous company established to provide a unique range of services to the Nigerian Oil and Gas Industry. We venture into the this industry with the objective of building on existing limited in- country capacity.

Job Type: Full Time
Qualification: BA/BSc/HND
Location: Lagos
Application Deadline: Jan 16, 2023

Duties and Responsibilities
HSE Officer:

Trains and carries out drills and exercises on how to manage emergency situations.
Inspect premises and the work of personnel to identify issues or non-conformity (e.g. not using protective equipment).
Oversee installations, maintenance, disposal of substances etc.
Stop any unsafe acts or processes that seem dangerous or unhealthy.
Promotes safety and awareness among OEMs and Contractors aimed at zero accident / incident rate.
Conducts investigations of all accidents and near-misses.
Prepare reports on occurrences and provide statistical information to top management.
Develop and oversee all safety programs and trainings in the company.
Implement and maintain Health and Safety standards.
Identify hazardous wastes and oversee to the disposal of it.
Practice safe working techniques.
Promote Safety initiatives.
Responds to employees’ safety concerns.
Review existing policies and measures and update according to legislation.

IT Officer:

Install and configure computer hardware operating systems and applications
Monitor and maintain computer systems and networks.
Take staff or clients through a series of actions, either face-to-face or over the phone, to help set up systems or resolve issues.
Troubleshoot system and network problems, diagnosing and solving hardware or software faults
Replace parts as required.
Provide support, including procedural documentation and relevant reports.
Participates in the development, implementation, and maintenance of policies, objectives, short- and long-range IT planning, with an emphasis on advocating for the needs of the area(s) supported; implements tracking and evaluation programs to assist in accomplishment of established goals.

Personnel Requirements

Bachelor’s Degree in Engineering or Occupational Health and Safety Management is required.
A keen eye on all relevant safety objectives and legal requirements
Interpret clients’ requirements
Identify engineering problems and ensure solutions are implemented
Evaluate, organize and prioritize workload within a schedule
Liaise with third party contractors to ensure all equipment is fit for purpose
Optional Occupational Safety and Health Administration (OSHA) trainer certification is desirable.
Advanced MS Office skills and Time Management skills is required.

Method of Application

Interested and qualified candidates should send their CV to: [email protected] using the Job Title as the subject of the mail.

Note: Only shortlisted candidates will be contacted.

NUPRC Calls For Identities Of Oil Well Owners

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9th January 2023

The Nigerian Upstream Petroleum Regulatory Commission [NUPRC] has issued a 7-day to all lease and license holders operating in Nigeria’s oil and gas sector, to furnish it with status details of real owners of their companies.

According to the directive, the information must include the identity (ies) of the beneficial owner(s), the level of ownership, and details of how control is exerted.

The directive signed by its Chief Executive, Gbenga Komolafe, is tagged, “Notification No. 1 to All Licence and Lease Holders in Nigeria on the Requirement for Submission of Beneficial Ownership Information.”
The according to NUPRC, the full list of real owners and partners of the companies must be submitted to the Commission within required time.

Those expected to comply with the directive are persons with significant control of at least five per cent shares and directly or indirectly holding the same percentage of voting rights, among others.

Also Read: NUPRC Flags Off Mini Bid Round For 7 Deep Offshore Oil Assets

The directive went further, stating that the significant persons were those otherwise having the right to exercise or actually exercise significant influence or control over a relevant person; or having the right to exercise, or actually exercising significant influence or control over the activities of a trust or firm, whether or not it is a legal entity.

The Commission said “it requires all entities that apply for or hold a participating interest in an exploration or production oil and gas licence, lease or contract to provide information of their owners, including the identity(ies) of their beneficial owner(s), the level of ownership and details about how that ownership or control is exerted.

“Accordingly, all relevant persons are hereby required to provide the information of persons with significant control over them: A person with significant control means any person directly or indirectly holding at least five per cent of the shares or interest in a relevant person.

“Or a (person) directly or indirectly holding at least 5% of the voting rights in a relevant person; and directly or indirectly holding the right to appoint or remove a majority of the directors or partners in a relevant person.”

Also Read: NUPRC Flaunts Score Card, Promises to Unlock 1.2mbpd Shut-in Capacity To Surpass OPEC Quota

Affected persons were to use the beneficial ownership declaration form included in the notification.
The move by NUPRC came on the heels of the recent release of a beneficiary ownership register by the Nigerian Extractive Industries Transparency Initiative [NEITI], and the Corporate Affairs Commission [CAC].
Komolafe had also recently hailed NEITI’s efforts in the promotion of an open and accountable system in the management of extractive resources, explaining that NUPRC and NEITI shared a common vision of transparency in Nigeria’s energy sector.

According to Komolafe, the NUPRC is fully committed to working with NEITI to deepen Nigeria’s implementation of contract transparency and beneficial ownership disclosures in the country.

“At the NUPRC, we are implementing the beneficial ownership reporting system, as it is a statutory requirement, which demands full disclosure of beneficial ownership information. The commission is engaging the oil and companies to ensure their mandatory compliance,” Komolafe said

India Boosts Imports With Russia’s Arctic Oil

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9th January 2023

India is reported to be taking advantage of cheap Russian cargoes boost it import with large volumes of discounted Russian crude, while importing some of Russia’s Arctic crude oil varieties for the first time.

A report said since the Russian invasion of Ukraine, India—the world’s third-largest crude oil importer—has also bought cargoes of other Russian crude grades from the Arctic, such as Arco and Novy Port Light, Argus reported on Friday.

India is also scheduled to receive another four cargoes of the Varandey crude this month, per Vortexa estimates quoted by Argus.

Indian refiners imported last month the first-ever cargo of the Varandey crude blend from the Timan-Pechora oilfields operated by Russian firm Lukoil, according to tanker-tracking data from Vortexa cited by Argus.

Also Read: China, India Buying Up Russia’s Arctic Oil Crude Grades

Russia is now the single-biggest oil supplier to India after overtaking Iraq last November. Before the Russian invasion of Ukraine, India was a small marginal buyer of Russian crude oil.

Following the invasion of Ukraine by Russia about a year ago, and Western buyers led by America and EU nations started shunning crude from Russia, India became a top destination for Russian oil exports alongside China.

Russia overtook Iraq to become the single-largest oil supplier to India in November, as Indian refiners raced to stock up on Russian oil ahead of the December 5 price cap and associated bans on transportation services for Russia’s crude.

Reuters said India and China are buying Russia’s Arctic crudes, which used to be sold in Europe before the EU embargo. Now, these cargoes are heading East to the two biggest buyers of Russian oil since the invasion of Ukraine, the agency reported last weekend.

Also Read: India Insists On Purchasing Russian Oil Despite EU Sanctions

In China, independent refiners have seen their refining margins jump in recent weeks as they have been able to negotiate steeper discounts for their preferred Russian crude grade, ESPO, even if they buy it above the G7 price cap.

While China hasn’t joined the Price Cap Coalition, the fact that a price cap now exists gives the world’s top crude oil importer, as well as other buyers of Russian crude such as India, more bargaining power to negotiate steep discounts for the Russian crude even outside the price cap mechanism, analysts say.

By Bosco Agba

Eni Boss Points Way To Africa For Europe’s Natural Gas Supply

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9th January 2023

Europe has been advised to look towards Africa for a “south-north” energy curve that would ensure sustainable gas delivery to Europe, as the EU scrambles to replace Russian pipeline supply.

In a chat published by the Financial Times last weekend, the chief executive of Italian energy giant Eni, , Claudio Descalzi, told the Financial Times that Africa has more gas than Europe.

“We don’t have energy, they [Africa] have energy. We have a big industry, they have to develop it…. There are strong complementarities,” Descalzi said, referring to Africa and its energy resources.

The report described Eni as major player in many African economies and markets, and signed several agreements to boost gas supply from Africa to Europe since the Russian invasion of Ukraine and the slump in Russia’s gas deliveries via pipeline.

Descalzi confirmed in the report that less than two months after the Russian invasion of Ukraine, and the president of Algeria’s state energy firm Sonatrach, Toufik Hakkar, signed an agreement that allows Eni to increase the quantities of gas imported through the TransMed/Enrico Mattei pipeline as part of a long-term gas supply contract in place with Sonatrach.

Also Read: Auditor-General Says NNPC Exported $1bn Crude Oil Without Records, NNPC Denies

“This agreement will allow to exploit the pipeline’s available transportation capacities to ensure greater supply flexibility, gradually providing increasing volumes of gas from 2022, up to 9 billion cubic meters per year in 2023-24,” Eni said at the time.

Last October, Eni announced the start of production from two gas fields within the new Berkine South contract in Algeria, with volumes intended for the European market.

The following month, Eni announced the first shipment of LNG produced from the Coral gas field in the ultra-deep waters of the Rovuma Basin offshore Mozambique.

“The first shipment of LNG from Coral South project, and from Mozambique, is a new and significant step forward in Eni’s strategy to leverage gas as a source that can contribute in a significant way to Europe’s energy security, also through the increasing diversification of supplies, while also supporting a just and sustainable transition,” Descalzi said in November.

Also Read: Chevron Boss Denies Biden’s Claims Of Oil Firms ‘Profiteering’ From Ukraine Invasion

Eni reported in October third-quarter core earnings and net profit beating analyst expectations amid what the Italian group described as an “excellent performance” of its Global Gas & LNG Portfolio.

TUC Urges FG To Revisit Power Sector Unbundling

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9th January 2023

…Decries the Nigeria’s poor knowledge of daily oil production

The Trade Union Congress of Nigeria (TUC) has condemned the recent revelation that Nigeria is still unable to ascertain daily oil production 65 years after the commencement of oil exploration.

Making the observation in a New Year message issued in Abuja last weekend, the TUC president, Comrade Festus Osifo said it is for the same regrettable reasons that Nigeria flares its gas, with damaging consequences, rather than committing it to production.

While insisting that the last privatization conducted in the power sector was flawed, Osifo called for the reversal of privatised entities in the electricity sector, where he said the new ‘owners’ have failed abysmally or merely engaged in asset stripping.

According to him, it is time Nigerians asked questions and demand a new trajectory of governance, assert sovereignty over all those in government, and hold governments at all levels to their constitutional duties and make them accountable to the Nigerian people.

Also Read: Labour Leaders Say DSS Threat on Marketers Over Fuel Scarcity Will Fail

He said the last privatization exercise in Nigeria was everything but transparent, and also lacked demonstrable accountability, especially with its proceeds.

The TUC boss stated further that anybody or group pushing for further privatisation of the country’s national assets does not mean well for Nigeria. He said the TUC rejected the clamour by some politicians and political officeholders to continue the importation of petroleum products at prohibitive costs while simultaneously, campaigning and making moves to stop fuel subsidies.

“Politicians who love Nigerian would first return the country to local refining, thereby creating mass jobs and making the products cheap, accessible and available before contemplating the removal of fuel subsidy.

“We also demand that the Buhari government ensures that PMS is available and sold at the official pump price in fuel stations. The emergent culture of selling such highly inflammable commodities in jerry cans on street corners and residential houses must be stopped,” he said

Also Read: Nigeria Ready To Kick Off Its First-Ever Floating LNG Unit

Osifo said while the TUC fully endorsed the acceleration towards a cashless economy, he condemned the inability of the banking system to run seamless electronic banking platforms.

By Bosco Agba

Ahead Of Russia, Norway Emerges Germany’s Top Gas Supplier

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9th January 2023

Total German gas imports dropped by 12.3% compared to 2021, with an indication that Norway emerged Germany’s single-largest natural gas supplier in 2022, ahead of Russia.

Data from the German Federal Network Agency, Bundesnetzagentur, indicated last weekend that Norway provided 33% of the gas Germany imported last year, followed by Russia, whose share fell to 22% for last year, compared to a 52% share in 2021.

The German regulator noted that last year, Russia started gradually by cutting gas supply via the Nord Stream pipeline to Germany in June. At the peak of the matter, the pipeline was finally shut down in early September, with Russia claiming the inability to repair gas turbines for the pumping stations due to Western sanctions.

The lack of gas deliveries from Russia was partly compensated for by additional imports, including from the Netherlands, Belgium, and Norway, the German network agency said.

Also Read: Russia Projects 7.5% Oil Exports Growth By 2022

The report noted that Europe’s biggest economy also saved a lot of gas in 2022, partly due to household saving and to industrial production curtailments due to soaring gas prices.

According to Bundesnetzagentur, Germany’s natural gas consumption dropped by 14% in 2022 compared to the average consumption for the past four years. Industrial demand fell by 15% compared to the average for the past four years.

Between October and December, industrial gas consumption fell by 23%, and consumption by private consumers and businesses was 21% below the previous years.

As supply from Russia fell and then stopped in early September, Germany started looking at importing LNG and began construction of regasification terminals to be able to welcome cargoes.
The first such terminal, a floating LNG import terminal, officially opened at the end of 2022 at Wilhelmshaven on Germany’s North Sea coast.

Also Read: Russia Looks To Cut Its Dependence On The US Dollar

Earlier last week, Germany welcomed the first tanker carrying LNG at the newly opened LNG import terminal at Wilhelmshaven, with the cargo arriving from the Calcasieu Pass export facility in the United States.

Bosco Agba

2023: Saudi Won’t Allow Oil At $75: Pioneer Boss

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Chidi Ekpewerechi

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6th January 2023

The Organisation of Petroleum Exporting Countries [OPEC] may again cut oil production, the chief executive officer of Pioneer Natural Resources, Scott Sheffield has said.

Speaking at a Goldman Sachs Conference in Miami on Thursday, Sheffield said “Saudi is not going to let Brent stay around $75 a barrel,” adding that it wouldn’t surprise him “if they had another cut.”

He believes that oil futures will stay in backwardation going forward, because “there is no liquidity in the market”. No one is hedging, Sheffield said, so there’s nothing to bring up the forward prices.

As for where Pioneer’s CEO sees oil headed, Sheffield sees the $80 a barrel mark as the base, with an upside of $150.

Also Read: Saudi Arabia Energy Minister Says OPEC Predictions Are Market Based, Not Political

Back in the United States, Sheffield sees production from U.S. shale’s most prolific basin, the Permian, eventually hitting 7 million barrels per day. But after reaching this volume, it will plateau, with only Chevron, Pioneer, and Conoco having the ability to produce upwards of a million barrels per day of oil equivalent in the Permian by 2030.

This, however, will be achieved with flat—or declining—rig counts as services prices run at what Sheffield feels is an untenable high.

BMO Capital Markets said last month that more than two-thirds of the Permian’s premium land has already been drilled, leaving oil companies to look for permits beneath Midland.

World Oil cited unknown analysts that projected the Permian could plateau within five years, with Permian’s two main zones pumping less oil per foot drilled in each new well.

Also Read: 2023: OPEC+ Will Focus On Reducing Market Volatility, While Achieving Stability

According to research firm Enverus, U.S. shale—carried mostly by the Permian—has provided 90% of the United States’ oil production growth over the last ten years. This slowdown in U.S. crude oil production and the prospect that U.S. shale can no longer respond quickly to changing market conditions has emboldened OPEC.

The group led by Saudi Arabia likely now feels that it can keep prices elevated without a production response from the United States, Bank of America said last month.

Nigeria Oil Recovers, Cause Rise In OPEC Output – Survey

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6th January 2023