PRIZE Energy

Nigeria Energy Companies At A Glance

ADDAX PETROLEUM

Addax Petroleum has a long history with the Federal Government of Nigeria. The beginning of the relationship between Addax Petroleum and the Nigerian National Petroleum Corporation started in 1998.

The company is a part of the Chinese Sinopec Group; their major production power is concentrated in the Middle East and Africa. The company works with over 100 wells in Nigeria. Its net worth is estimated at more than 17 million pounds.

NNPC and Total Partner To Grow Oil Production Reserves

The Nigerian National Petroleum Corporation (NNPC) and Total Nigeria have expressed their readiness to work together to grow daily crude oil and gas production and reserves to meet the national target of 40 billion barrels.

Group Managing Director of the NNPC, Malam Mele Kyari, and the Managing Director of Total Nigeria, Mr Mike Sangster, made the commitment during a visit by Total top management to team NNPC Towers in Abuja recently.

Kyari said that Total Nigeria was one of NNPC’s most important partners with visible outcomes. He assured Total Nigeria of very transparent and accountable relationship with acceptable frameworks.

Then Sangster expressed Total’s firm belief in the Nigerian oil and gas industry and its readiness to deploy solutions to the challenges facing the industry, stating that In partnership with NNPC, the company has developed the last three Floating Production Storage Offloading’s (FPSOs) in Nigeria and plans to build on this.

Nigeria Energy Companies At A Glance

EXXON MOBIL

Exxon Mobil is the top oil company in the world; its operations are related to various sources of oil, gas and alternative energy. Its net worth is estimated at more than $400 billion.

NERC says Electricity tariff increase has not been approved.

The Nigerian Electricity Regulatory Commission (NERC) says no tariff increase has been approved by the commission yet contrary to the impression in some quarters.

In a statement, Usman Arabi, NERC’s General Manager, Public Affairs said it was still consulting with stakeholders, stating that the commission wished to provide guidance that the minor review implemented by the commission was a retrospective adjustment of the tariff regime released in 2015.

Arabi said that this was to account for changes in macroeconomic indices for 2016, 2017 and 2018, “thus providing certainty about revenue shortfall that may have arisen due to the differential between tariffs approved by the regulator and actual end-user tariffs,”

Nigeria Energy Companies At A Glance
SHELL

Shell is a globally known company and a top player in the oil industry!

It has been working with Nigeria for over 60 years and continues to develop new ways of cooperating with the NNPC.

A lot of Nigerians also dream of working with Shell. Its net worth is estimated at more than 213 billion dollars.

Progress Report

Nigeria Reduces Expatriates In Oil & Gas Sector By 80%

Mr Simbi Wabote, The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), has said that from 2010 till date, the board has reduced the number of expatriates working in the Nigerian oil and gas sector has been reduced by 80 per cent, stating that Nigerians now occupy key positions and deliver critical services in the industry.

Before the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, oil welding activities were done outside Nigeria because of lack of world-class welding facilities, while today, Nigeria fabricates about 60,000 metric tonnes per annual in Nigeria, which never existed before.

Nigeria Energy Companies At A Glance

TOTAL

Total is a multinational oil and gas company which also has great interest in working with Nigeria; they have had working relations with Nigeria for over fifty years.

It currently has a wide distribution network of over 500 oil stations.

The company is also involved in power generation and chemical production in Nigeria.

Its net worth is estimated at more than 120 billion dollars. The company’s website is www.total.com.ng.

Oil Pipeline Vandalism in Nigeria Soars 77%

The Nigerian National Petroleum Corporation (NNPC) said that it had seen a 77-percent jump in the number of cases of oil and fuel pipeline vandalism on its pipeline infrastructure in June.

NNPC is trying to clamp down on vandalism and has teamed up with a state security company to improve the safety of oil pipelines and to stand up against pipeline vandalism and oil theft, which have plagued the local oil industry for decades.
Leaks in pipelines crisscrossing the Niger Delta are often caused by oil theft, and field operators have frequently declared force majeure on exports of key Nigerian crude grades.

This has hurt exports and oil revenues, which has been particularly hard on the Nigerian budget during the latest price crisis.

Source: https://oilprice.com/Energy/Energy-General/Oil-Pipeline-Vandalism-In-Nigeria-Soars-77.html

Oil Pipeline Vandalism In Nigeria Soars 77% | OilPrice.com

September is here!

It is with immerse joy and gratitude that we welcome you to the month of September, the start of the months of celebration.

Prizeenergy wishes you a beautiful thirty days ahead. Cheers

AITEO's ultimate aim is to serve the needs of communities across Africa, helping the continent to reassert its energy independence and building a high-quality asset base, while increasing market share, revenue and shareholder value.

Aiteo's ultimate aim is to serve the needs of communities across Africa, helping the continent to reassert its energy independence and building a high-quality asset base, while increasing market share, revenue and shareholder value.

With the end result of raising millions of Africa's poorest residents out of fuel poverty by giving them power supply they can rely on.

AITEO

Aiteo has one of the largest private storage facilities for refined petroleum products in sub-Saharan Africa.

Their assets include petroleum storage facilities with capacity of more than 320 million litres.

This includes their Port Harcourt terminal with capacity of over 110 million liters and their Apapa terminal with capacity of approximately 210 million liters.

Aiteo Group is strategically focused on these business areas, with major prospects for immediate revenue growth and market pe*******on:
Exploration and production
Bulk petroleum storage
Refining of petroleum products
Trading, marketing and supply
Power generation and distribution

Aiteo owns and operates gas stations across Nigeria, selling at a highly competitive price.

They supply their stations and independent marketers via a fleet of tanker trucks with a variety of fuels, including:
• Automotive gas oil/Diesel
• Aviation fuel
• Fuel oil
• Kerosene
• Liquefied petroleum gas
• Lubricating fluids
• Premium motor spirit

Aiteo is known for unlocking energy by looking where no one else has dared to look, recognizing significant potential source for both oil and gas as tens of billions of barrels of oil reserves remaining untapped.

They do this through taking on the Niger Delta basin and the Benue Trough which has enough capacity to support the country's oil industry for decades to come.

The Aiteo brand is known to have a resilient get-it-done spirit, as in their words – ‘’we are not afraid to take on these challenges, both for economic success and for the good of the global community.

Oil is a finite natural resource and we must ensure that we retrieve as much of it as possible from the fields that are tapped, refine it as efficiently as possible into fuels and derivatives, and use it wisely in end-user markets, with pricing that reflects its rare value and the innovation that went into its release from its reservoir below the ground.’’

Not surprisingly, over the years, the Aiteo Group has been recognized on several occasions for their outstanding contribution to the energy industry.

This includes the 2018 Award for indigenous oil and Gas Company of the Year at the Nigerian Oil and Gas NOG conference which draws more than 100 industry professionals gathered from both the public and private sectors.

Today, Aiteo is widely recognized to have contributed to the phenomenal growth of Nigeria's oil and gas industry. Leveraging on innovation and hard work, they have consistently provided real value to private and public organizations as well as delivering safe and reliable energy in a socially responsible manner.

Can we Talk about Energy Hazards? – NIGER DELTA

The Niger delta is one of the most polluted regions in the world. Oil is spilled more each year than in the Gulf of Mexico in 2010.

Nigerian government reports more than 7,000 spills between 1970 and 2000 and 2,000 major spillage sites.
Pollution and environmental damage of the oil industry has serious impact on people living in the Niger Delta.

The environment laws are poorly enforced. Government agencies responsible for enforcement were ineffective and, in some cases, compromised by conflicts of interest.