Vandalism: Nigeria’s Oil Producing Communities to Take Over Pipeline Security

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10th November 2016

Oil producing communities, under the auspices of Host Communities of Nigeria (producing Oil and Gas), HostCom, have promised to set up a pipeline security unit across the Niger Delta region to forestall the incessant cases of pipeline vandalism and protect other critical oil and gas facilities.

Speaking in Abuja during the inauguration ceremony of the HostCom Pastors’ Forum, Federal Capital Territory Chapter, Abuja, Mr. Mike Emuh, National Chairman, HostCom, stated that the group would henceforth expose the cartel responsible for the destruction of the country’s oil and gas assets and individuals responsible for short changing the country in the petroleum sector.

He said the Police, the Army, and other security agencies alone cannot deal with the issue, noting that HostCom would partner with the authorities, where necessary, to bring an end to the crisis in the region.

He said “We will be flagging off pipeline security unit of the host communities. The police and the army cannot handle issues of pipeline vandalisation alone.

“We are aware that it is in the heart of President Muhammadu Buhari to make sure that those who are involved, the cartel, the cabal, engaging in oil theft, pipeline vandalisation, bush loading, 50 nautical miles offshore oil theft and others, would be brought to justice. The host communities that own the oil and the terrains would know what to do in that regard. The host communities’ pipeline surveillance unit would come on board and that would arrest the issue, because every village knows the bad man and the good man. We the owners of the oil and gas, we know those who are involved. It is a cartel. They feel as if they cannot be touched, but the host communities will fish them out. They cannot eat their cake and have it. Pipeline vandalism will stop,” he said

He, however, disclosed that those currently bombing pipelines in the region are not vandals, stating that they are “freedom fighters. They are not vandals. They may be bombing the pipelines, asking for one thing or the other, because they are denied of their divinely endowed prerogative, such as the 13 per cent derivation, PIB not passed for nine years and other relevant issues, such as oil blocs award among others.”

Libya Resumes Production at Key Waha Oil Field

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10th November 2016

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Libya resumed production at the Waha oil field recently bringing overall production to 580,000 barrels per day, a senior Libyan oil official said penultimate Tuesday.

The Waha field, operated by the Waha Oil Co, is one of the main contributors for the major Es Sider export grade. It is the first Es Sider field to resume production.

The output is being redirected to the Ras Lanuf export terminal instead of the usual Es Sider port owing to limited storage, the official, who declined to be identified, said.

Libya’s oil production has been crippled for several years by an on-and-off blockade of its largest export terminals owing to civil unrest.

Tanzania: Solo Oil says Ntorya-2 appraisal well likely to be drilled by Q4

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10th November 2016

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‘Nigeria Secured Less Than 5 of Energy Investments in Africa in 5yrs’

Solo Oil in its update on the Ntorya appraisal well in Tanzania, has announced that the site being prepared for the Ntorya-2 appraisal well has now been completed and the mobilization of the Caroil 2 rig from the Ntorya-1 well site is in progress.

The Ntorya-2 pad is situated about 1.5 km to the southwest of the Ntorya-1 well. The rig and associated equipment presently being transported to the new site, will be rigged up and tested, and afterwards go through any necessary maintenance.

The company estimates that the Ntorya-2 appraisal well will possibly be drilled in December, 2016.

Solo Oil has a 25% interest in the Ruvuma Petroleum Sharing Agreement (PSA) which contains the Ntorya gas condensate first made in 2012 and the Ntorya-1 well which was tested at a rate of 20.1Mmscfd and 139bpd of condensate.

The Ruvuma PSA is operated by Aminex which holds the remaining 75% working interest.

Ntorya-1 in an independent report by Senergy (GB) has been said to hold a gross 153 bcf of gas in place, whereby 70 bcf is considered gross best estimate contingent resources. Another gross best estimate of undiscovered gas in place of more than 1 tcf has been ascribed to the Ntorya Prospect in total.

The Ntorya discovery is situated 20 km from the 36” Mtwara to Dar es Salaam gas pipeline which transports gas from various fields, including the Kiliwani North Field where Solo holds a 7.125% interest, to gas markets, north of Tanzania, Energy-pedia reports.

“Advancing the Ntorya appraisal and its commercialization is now a key objective for Solo and we are pleased that rig mobilization is now underway. The discovery of gas in high quality Cretaceous sandstone reservoirs in the onshore portion of the Ruvuma Basin represents very significant value and we look forward to confirmation of the spud date in due course,” Neil Ritson, Chairman of Solo Oil said.

Angola: Armada Olombendo FPSO Vessel Set to Sail to Eni’s Block 15/06, offshore Angola

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10th November 2016

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Eni has announced the naming ceremony of the ‘Armada Olombendo’ Floating Production, Storage and Offloading (FPSO) vessel which held in Singapore. The FPSO will operate in Block 15/06, offshore Angola, for the East Hub Development Project. The vessel will soon be ready to sail to its final destination where, once in position, will commence mooring and hook-up operations.

Eni and its partners have reached a key milestone towards achieving the first oil from East Hub Development Project, which is planned by the first half of 2017. This follows the successful stream of start-ups in the West Hub Project, in the same Block 15/06, which is the only Block of those awarded in the 2006 bid round that has achieved production.

The East Hub Development Project encompasses 9 subsea wells, of which 5 are producers and 4 are water injectors, in water depth ranging between 450 and 550 metres. The hydrocarbons which are produced from these wells will be transported via a pipeline system to the FPSO to be treated and stored prior to export.

Eni is the Operator of Block 15/06 with a 36.84% stake. The other partners in the joint venture are Sonangol Pesquisa e Produção (36.84%) and SSI Fifteen Limited (26.32%).

Eni has been present in Angola since 1980 with net current production of 135,000 barrels of oil equivalent per day.

Gabon Oil Workers Strike Cuts Output From Onal Field

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10th November 2016

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A strike in Gabon by oil workers at French company Maurel and Prom has cut production from the Onal field to 10,000 barrels per day from 28,000 b/d normally, according to a statement from the oil ministry recently.

The strike, which started on Monday, was related to staff being laid off for missing work during a period of unrest after the presidential election, the Gabon oil workers union ONEP said in a statement.

CGG Gets Multi-Client Projects Offshore Mozambique

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10th November 2016

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CGG has announced it has been granted an extensive multi-client program by the Institute of National Petroleum of Mozambique (INP), to obtain seismic data offshore Mozambique.

Under the program, CGG will carry out a 2D survey of more than 6,550 km in the offshore Rovuma basin, including blocks R5-A, R5-B and R5-C, as well as a large 3D survey of up to 40,000 km², over the Beira High in the Zambezi Delta. The 3D survey will cover blocks Z5-C and Z5-D and nearby to open acreage in the deltaic area which is believed to hold prospects.

The geophysical services company was also awarded an onshore airborne gravity and magnetic survey in the Southern Mozambique Basin.

The planned multi-client seismic program in the Mozambique Zambezi region is to form part of a broad, fully integrated geosciences package that will give companies a better general understanding of the region. A Marine gravity and magnetic data will be procured all together with the seismic to support regional interpretation.

“This award underlines the extent to which our reputation for high-quality services and delivering value to our clients is recognized not just by oil and gas companies but also by national governments. As our first multi-client projects in Mozambique, these awards fit well with CGG’s long-term multi-client strategy to provide our clients with the most advanced understanding of the subsurface across the world’s key basins. The 5th License Round award process undertaken by the INP in 2015 saw a high level of interest in the Zambezi region and we believe our multi-client projects will highlight the exploration upside potential,” Jean-Georges Malcor told Energy-pedia.

Egypt: Mostorod refinery to be completed in 2017 – ERC

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10th November 2016

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The Egyptian Refining Company (ERC) has announced plans to conclude its refining project in Mostorod within the first quarter of 2017, as part of moves to address the supply gaps in the petroleum derivatives market.

According to ERC’s Managing Director, Mohamed Saad, 90% of the project has been executed while overall investments in the project have reached $3.7b, with the completion of all necessary procurement of materials and services. He added that the Egyptian General Petroleum Corporation (EGPC) owns 24% of the venture.

Earlier in September, Petroleum Minister, Tarek El Molla, announced that the ministry was focusing its efforts on new refining projects in the Suez Area.

The new Citadel refinery at the Mostorod Petroleum Complex is being built in an industrial area situated 10km to the north of Cairo, the Egyptian capital. The plant is to include 2 million tonnes per year unit for the production of high-quality diesel. The other complex units will include an 80,000bpd vacuum distillation unit (VDU), together with a 40,000bpd hydrocracker capable of transforming lower-quality products into the middle distillates which are in high demand. The crude distillation units are being constructed by ENPPI.

Refinery capacity per year is expected to be 100,000bpd of refined products (2.5 million tonnes of diesel oil when the complex is complete).

Libya’s Oil Production Hits 551,000 bpd

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10th November 2016

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Libya’s oil output has reached 551,000 barrels per day, bpd, bringing the country nearer to its target of 900,000 barrels per day by 2016 ending, National Oil Corporation chairman, Mustafa Sanalla has revealed.

This continuous increase came about after the North-African country reopened the Sidra, Ras-Lanuf, and Zueitina export ports in September.

Production was between 270,000 bpd and 300,000 bpd before the ports were reopened compared to the 1.6 million bpd Libya was producing before the 2011 civil war crippled oil production.

According to OPEC, Libya produced 363,000 bpd in September, representing an additional 188,000 bpd to the current production, Oil Price reports.

Oil production is expected to reach a three-year high of 900,000 bpd by December, as fields begin operations and ports reopen after five years of armed battle which hampered sales.

The country has increased oil output after the NOC signed a deal with Khalifa Haftar, commander of the armed forces controlling key oil ports in September.

Nigeria Signs $15 Billion Oil And Gas Deal With India

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10th November 2016

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ibe — Emmanuel Kachikwu, Minister of State for Power

The Federal Government of Nigeria has entered into a $15 billion deal with India, with the latter expected to make advance payment for crude oil purchases from the former.

According to the Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, the terms of the deal would be ironed out soon.

Under the deal, the Indian government would pay Nigeria in advance for crude exports, which would be paid back on the basis of the firm Term Crude Contracts, TCC, over the years.

Also included in the deal is the consideration for Indian public sector companies participating in the refining sector in addition to exploration and production activities on a government-to-government basis by the companies. Other terms include long-term contracts for the supply of crude to Indian companies from Nigeria as well as the execution of infrastructural projects by Indian companies in the country.

Between 2015 and 2016, India imported close to 23.7 million metric tonnes of crude and more than 2 million metric tonnes of Liquefied Natural Gas (LNG) per annum from Nigeria.

On completion of the negotiation, the two countries reached an agreement to work on a Memorandum of Understanding (MOU) to enable investments by the Asian country in the Nigerian oil and gas sector and particularly in areas such as term contract, participation in the refining sector, oil and gas marketing, upstream ventures, development of gas infrastructure and in the training of oil and gas personnel in Nigeria.

The MoU is expected to be signed in December 2016 according to reports.

Oil price May Hamper Brazil’s Plans to Open Pre-salt Fields

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10th November 2016

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The Brazilian parliament has approved a legislation aimed at removing Petrobras’ obligation as sole operator of the country’s pre-salt developments.

According to analyst Douglas-Westwood (DW), these ultra-deepwater fields, discovered in 2007, represent a huge economic opportunity as the largest group of offshore reserves uncovered yet in this century.

However, development progress has been slow paced given the country’s financial difficulties resulting from the lower oil price and the impact of the country’s “Operation Car Wash” corruption scandal.

[Also Read] Petrobras’ oil and gas production edges down in June

Mounting financial pressure has led Petrobras to cut its CAPEX plans and production targets.

By opening these deepwater assets to foreign investors, the government hopes to step up the pace of development and production from the pre-salt fields, freeing Petrobras to focus on more developed plans with existing offshore infrastructure and lower CAPEX requirements.

[Also Read] Shell, others in race to buy Petrobras Nigerian assets

Due to the significant potential on offer, DW expects many international E&P companies to pitch in. However, as Petrobras largely controls Brazil’s E&P activities, the few international companies engaged in deepwater action off Brazil, such as Shell and Anadarko, may still prefer to focus on other commitments.

Shell inherited various large producing interests off Brazil following its acquisition of BG Group, while Anadarko is working on its Shenandoah project in the GoM, and on advancing gas field developments off Mozambique. And the current oil price environment could deter other operators because of the huge CAPEX requirements for ultra-deepwater developments.

[Also Read] 27 African migrants rescued off Brazilian coast

Meanwhile, if the Organisation of Petroleum Exporting Country’s (OPEC) recent announcement of production cuts lifts the oil price significantly next year, the pre-salt fields may become attractive to international investors, DW suggests.

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Aramco Awards NPCC LTA Offshore Agreement

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10th November 2016

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Saudi Arabia Aramco’s Offshore Projects Department has awarded a fifth Long-Term Agreement (LTA) to National Petroleum Construction Company (NPCC) of Abu Dhabi, United Arab Emirate.

In June 2015, Aramco awarded the previous four LTAs to sundry engineering, procurement, fabrication, and offshore installation contractors.

[Also Read] Saudi Aramco Set for Biggest Ever ADIPEC Presence Amid NOC Diversification Drive

Under the agreements, contractors were mandated to deliver large numbers of offshore oil and gas producing platforms, tie-in platforms, pipelines, power cables, and all related facilities that Aramco requires under its current Master Plan for fields offshore of Saudi Arabia.

The LTAs run for six years with a further option of extension up to 12 years. Ahmad Al Saadi, senior vice president of Saudi Aramco’s Technical Services, said: “This fifth strategic LTA is needed for the successful execution of the complex and extensive offshore projects to be completed in the offshore oil and gas fields…all within an aggressive schedule.”

[Also Read] Ahead Of IPO, Saudi Aramco Moves To Pay $75 Billion Dividends

He emphasized the importance of local procurement, working with local companies and contractors, and employing Saudis as stipulated in Aramco’s In-Kingdom Total Value Add program

NPCC, established in 1973, provides EPC services for offshore projects and providing engineering, procurement, project management, fabrication, installation and commissioning.

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ADNOC CEO Visits Technologically Advanced Drilling Vessel at ADIPEC

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9th November 2016

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Self-propelled vessel built in Abu Dhabi by Gulf Marine Services

Abu Dhabi-UAE: 8 November 2016 – His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO, today visited the GMS Evolution, a technologically advanced offshore drilling vessel, built in Abu Dhabi by Gulf Marine Services (GMS).

The vessel that is on display at ADIPEC, the world’s most influential oil and gas show, taking place in the UAE capital, is the first of its type and size to be displayed at ADIPEC.

[Also Read] ADNOC to Expand Use of EOR and ERD Technologies to Maximise Value of Resources

The GMS Evolution, built at GMS’ shipyard in Mussafah, is a four-legged, self-propelled vessel fitted with a revolutionary new cantilever system. It offers innovative cost-effective solutions for work that have traditionally been performed by more expensive non-propelled drilling rigs.

[Also Read] ADNOC’s Integrated Gas Master Plan to Meet Growing Energy Needs for Abu Dhabi and Overseas Customers

Self Elevated Support Vessels (SESVs) are important tools for companies such as ADNOC as they greatly reduce drilling time, cost, and environmental impact. They can be used for a wide variety of purposes, supporting the installation, maintenance and refurbishment of offshore oil and gas platforms and wind turbines, together with well intervention work.

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Lasting Stability Critical to Restoring Confidence in Future Global Oil Market

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9th November 2016

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“Stability in Oil market will Amplify Investments and Encourage Petroleum Output Expansion,” says OPEC Secretary General

OPEC World Oil Outlook 2016: Global Energy Demand to Increase 40% by 2040; Oil-related Investment Requirements Estimated at USD $10 Trillion

Abu Dhabi, UAE – 08 November: Long-term stability is key to restoring confidence in the oil market, giving producers adequate returns and sufficient revenues to make investments that are necessary for future capacity expansions, according to OPEC’s Secretary General.

[Also Read] Investments in oil industry on a gradual rebound – Barkindo

Speaking on the sidelines of OPEC’s World Oil Outlook launch at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2016), H.E. Mohammed Barkindo said that stability plays an instrumental role in driving investments into future petroleum output expansion, which will be critical to meeting the world’s growing energy demand.

“The future potential for energy providers is huge. No doubt, there are challenges and uncertainties that we will face, but there are also tremendous opportunities, and they all equate to growing demand on all forms of energy – that is oil, gas, renewables, coal and nuclear – to meet the burgeoning demand levels,” said H.E. Barkindo.

[Also Read] Rising geopolitical tensions across the world, challenge to stable oil market – OPEC

Figures from OPEC’s 2016 World Oil Outlook report show that global energy demand will increase by 40 per cent by 2040, with oil and gas accounting for a substantial share of this rise. From the perspective of oil, OPEC sees demand increasing by around 17 million barrels a day.

“To meet the forecasted expansion in demand, the industry will naturally require significant investments. It is then essential for us to continue working towards securing orderly and stable markets with prices at levels that are conducive to a healthy and prosperous future for all concerned in the industry,” added H.E. Barkindo.

[Also Read] The Worst is Over for Oil and Gas Markets – OPEC

An estimated USD $10 trillion in investments are required by 2040, according to the World Oil Outlook, driven by the continuous growth of the global economy, which will more than double in size during the same period. That, combined with a growing world population that is set to reach over 9 billion, will create a high demand for modern energy services to fuel socio-economic development. It estimated that about 2.7 billion people still rely on biomass for their basic needs, while some 1.3 billion have no access to electricity.

“Stability is necessary in order for us to plan for the future with relative certainty,” concluded H.E. Barkindo. “We need stability for investments and for future petroleum output expansion to flourish. We need stability for economies around the world to grow and especially to provide access to modern energy services for those currently without them. And we need stability to give producers a fair return from the exploitation of their exhaustible natural resources. Without question, stability is the key to a sustainable global energy future for us all.”

[Also Read] Post-OPEC Deal: Oil price stability raises hope for budget benchmark

Established as one of the world’s most influential exhibition and conferences for the oil and gas industry, ADIPEC has a longstanding track record of bringing together globally celebrated luminaries and experts to discuss challenges and opportunities in the energy sector. The annual four-day event takes place from 7-10 November 2016 at the Abu Dhabi National Exhibition Centre.

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GULF MARINE SERVICES SHOWBOATS ITS LATEST BARGE AT ADIPEC

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7th November 2016

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Latest E-Class vessel jacks up at quayside opposite Abu Dhabi Exhibition Centre Abu Dhabi, 6th November 2016: Gulf Marine Services (GMS), the Abu Dhabi based owner and operator of self-propelled and self-elevating vessels (SESVs), will be showcasing the latest addition to its fleet at this year’s edition of ADIPEC. The GMS Evolution, an E-Class vessel built at GMS’ shipyard in Mussafah, moored outside ADNEC over the weekend and jacked up today, ahead of the opening of ADIPEC tomorrow.

[Also Read] Abu Dhabi Consolidates Position as Host of The World’s Largest Oil and Gas Technical Conference Programme‏

Gulf Marine Services Evolution

No vessel of this size has ever previously been physically present at ADIPEC. GMS Evolution has been fitted with a revolutionary new cantilever system, which gives clients a much greater range of options in the way they use the company’s barges to service their offshore assets. This new system, developed in partnership with Norwegian systems engineer Dwellop, offers new cost-effective solutions for work that has traditionally been performed by more expensive non-propelled drilling rigs.

[Also Read] ADNOC CEO Visits Technologically Advanced Drilling Vessel at ADIPEC

GMS’ Chief Executive Duncan Anderson explains: “The assets we tend to service are located mainly in shallow water and were installed quite some time ago, so that a lot of the infrastructure is well advanced in its useful life. This creates asset integrity issues, which traditional servicing methods will struggle to resolve, because only smaller weights can be transferred and handled, a function for which the new cantilever system is ideally suited. “Using the cantilever system, clients will be able to deploy sooner, will have no requirement for tugs and the time spent rigging up, rigging down and lifting backwards and forwards will be removed. Basically, large amounts of non-productive time can be saved, both for ourselves and for our sub-contractors.”

[Also Read] GNPC Provides $100m Guarantee For Power Barges

The GMS Evolution’s presence at ADIPEC was meticulously planned, in full collaboration with all of the relevant Abu Dhabi authorities. Going on site at any location requires compliance with the company’s stringent barge move procedures, which include studying the bathymetrics and geotechnics of where the vessel’s legs are jacked down, because the process involves many thousands of tons being placed on the seabed.

[Also Read] Power Minister Says Arrival of Power Barges Does Not Guarantee End of “Dumsor”

For the sea channel next to ADNEC, no such data existed, so GMS commissioned a sonar scan of the area and drilled boreholes to determine the soil integrity. An analysis of the soil showed it was capable of sustaining the pressure and allowed GMS’ technical team to calculate how far the spudcans on the bottom of each leg would penetrate the seabed.

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WEIR OIL & GAS ANNOUNCES WELLHEAD CONTRACT WITH KHUFF FOR KUWAIT OIL COMPANY

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7th November 2016

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Momentum continues in Middle East with $12 million deal

FORT WORTH, Texas and Abu Dhabi, United Arab Emirates (Nov. 7, 2016) Weir Oil & Gas Dubai, today announced an agreement with Kuwait Oil Company (KOC) through their representative in Kuwait, Khuff Trading and Contracting, for the purchase of 295 Seaboard wellheads, representing approximately $12 million USD.

Weir will provide KOC with 11 different wellhead configurations ranging from 3,000 to 10,000 PSI. The products sold include conventional wellheads along with HH cladded trees, and solid block dual completion trees. Equipment designs will accommodate casing and tubing sizes ranging from 24” to 3 ½” in the various well head configurations supplied to KOC.

“This is a significant milestone as we continue to devote resources to such a vital region of the world’s upstream market,” said Fraser Park, Interim EMEA Regional Managing Director of Weir Oil & Gas. “Since opening the first wellhead manufacturing facility in Dubai’s Jebel Ali Free Zone last year, our commitment to keeping customers productive and profitable in challenging conditions has not wavered. To have an industry leader such as KOC entrust us with their wellheads demonstrates that we are delivering on our promise.”

[Also Read] NIMASA DG In Dubai, To Enforce 0.5% Sulphur Limit On Bunker Fuel

In addition to a manufacturing facility for an entire suite of equipment for the upstream and downstream markets, Weir provides operators in the region with operations and maintenance integrated services contracts. The scope of its resources in the region is key to its ability to serve as a resource to companies such as KOC.

“Partnering with Weir is an extension of several components of KOC’s 2030 Strategy,” said Ahmed Dick, managing director of Khuff Trading and Contracting, “From maximizing the strategic value of oil, realizing the value from technology, all while adhering to strict safety and environmental protocols, our alliance with Weir Oil & Gas is an important component to KOC’s long-term strategies.”

Weir takes a customized approach to designing critical service equipment including its Seaboard™ two-stage, single bore wellhead system, and mandrel casing hangers through BOP installed lockdown seal assemblies and the Seaboard™ versatile quick-connect hub. This allows operators to run the pre-assembled wellhead system through the rotary- table, landing on the conductor, with no flame cutting, welding, grinding or other on-line, time intensive, installation techniques. Weir’s unique approach to design eliminates lock down screws by utilizing an integral lockdown seal assembly rather than traditional hanger lock-down screws, subsequently removing multiple potential leak paths.

[Also Read] EYES OF THE WORLD FOCUS ON EGYPT’S OIL AND GAS SECTOR NEXT FEBRUARY

In addition to the Seaboard™ wellhead, Weir provides field services and training, supported locally in the region through its manufacturing facility in the Jebel Ali Free Zone.

Weir Oil & Gas

Weir Oil & Gas provides superior products and service solutions, which make our upstream customers more efficient. More customers choose our pressure pumping solutions than any other. We provide well service & stimulation pumps, flow control products and replacement expendable parts from leading brands including SPM, Mesa and Novatech. Pressure Control includes trusted brands such as Seaboard, which provides wellheads, valves and frac trees, and Mathena, which delivers drilling mud-gas separation equipment including chokes, separators, & environmental containment equipment. Engineered mechanical and rotating equipment repairs and upgrades, oilfield and drilling equipment repair and certification, rapid prototyping of spares parts, including robust asset management and field engineering services, are delivered globally by Weir Oil & Gas Services [based in Dubai, UAE].

[Also Read] OILSERV LIMITED: The Clear Leader

Founded in 1871, The Weir Group PLC is one of the world’s leading engineering businesses. Weir designs, manufactures and services innovative solutions for minerals, oil and gas, power and other process markets. The Group aims to be a partner of choice to our customers with a worldwide network of around 200 manufacturing and service facilities. Weir employs over 14,000 people serving customers in more than 70 countries. For more information please visit www.global.weir.

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EYES OF THE WORLD FOCUS ON EGYPT’S OIL AND GAS SECTOR NEXT FEBRUARY

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7th November 2016

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‘The Egypt Petroleum Show’ held under the high patronage of the President, His Excellency Abdel Fattah El Sisi, and support of the Ministry of Petroleum and Mineral Resources promises to be the largest oil & gas industry gathering North Africa has ever seen taking place in Cairo from the 14-16 February at the Cairo International Convention Centre.

Cairo, Egypt, 6^thNovember 2016: His Excellency, Tarek El Molla, Minister of Petroleum and Mineral Resources Arab Republic of Egypt, affirmed that holding the conference and exhibition in Cairo reflects Egypt’s continuous efforts to promote new projects, attract investments in the petroleum sector, and consolidate communication with foreign investors and large international corporations, which are foremost on the investment opportunities map. New prospects in oil and gas production, along with partnership opportunities, not only signify vast investment opportunities in new petroleum projects, but also target boosting energy supplies, and are one way the government aims to build the economy while securing the country’s energy needs for long periods to come.

From his part, Mr Christopher Hudson, President of DMG Events Global Energy, the company responsible for organizing the ‘Egypt Petroleum Show 2017’ stated that “The 3-day exhibition and conference promises to be the most sought after meeting place for all oil and gas professionals in the North African, Mediterranean and the South European region with leading global oil and gas players exhibiting across three halls and 70% of the exhibition sold out”

[Also Read] ExxonMobil Egypt is the diamond sponsor of the First International Energy Conference and Exhibition in Egypt (EGYPS 2017)

Exhibiting companies includes Egyptian & Middle Eastern NOCs, such as EGAS, EGPC, Ganope, ECHEM, BAPCO and BANAGAS. Government entities participating include MIDOR, NOGA Holdings, and GPIC. IOCs from all over the world are attending, with ENI, BP, ExxonMobil, Apache, Shell and Edison exhibiting at the 2017 event. A comprehensive list of world-class service providers exhibiting EGYPS encompasses the likes of Schlumberger, Halliburton, Baker Hughes, Weatherford, Aveva Solutions, DNV GL and AkzoNobel. At the local level, renowned firms such as ENPPI, Petrojet, Petroleum Marine Services, EPHH Rig Manufacturing, Ruhrpumpen Egypt, SHOTEC, Maridive Group, and the Ayadsons Group are all appearing in the exhibition halls.

Hudson said “We have worked tirelessly over the last eight months to create a world-class event for Egypt. We are encouraged to see, as we anticipated, great interest from global, regional and local players, including government ministers, IOCs, NOCs, and a host of the sector-leading service providers. Egypt has enormous potential, and the eyes of the world are focused on this exciting market. In this prolonged period of low oil prices, it is gratifying to see so much excitement being generated by EGPYS.”

“Not only is EGYPS gearing up to be the largest oil and gas exhibition in the country, but also the largest industry technical conference, including 28 technical conference sessions across the event’s three days, covering over 10 technical categories and a one day dedicated women in energy conference to host 8 sessions” he added.

EGYPS to also host two days of strategic industry conference sessions and panel discussions including ministerial dialogue and a global business leader’s panel, where the future of Egypt’s exciting oil and gas sector will be firmly under the spotlight. The EGYPS Petroleum Club is an exclusive, private business meeting and networking zone exclusively for C-level industry players, sponsored by Exxon Mobil.

“We see the Egypt Petroleum Show as a unique opportunity as it brings together key players in our industry, since the conference’s Executive Committee aims at ensuring the strategic development and future growth. As such, several multi-disciplines ExxonMobil Egypt employees are participating as members in the key committees, such as technical, investment, CSR & media committees, thus providing knowledge and expertise to help shape the structure of the conference. By making EGYPS become the leading petroleum show across Egypt and North Africa, we help develop the Egyptian economy”, said Eng. Hesham El-Amroussy, chairman and managing director of ExxonMobil Egypt also a member of EGYPS Executive Committee.

Eng. Hussein Fouad El Ghazzawy, Vice President and General Manager – Schlumberger Egypt, South Sudan and East, also a member of EGYPS Executive Committee said: “Our aim of being part of the EGYPS 2017 is to demonstrate our unwavering commitment to Egypt, its people and local talent to further enhance the country’s aim to be a vital regional energy player. We truly believe in the oil and gas potential of Egypt to the extent that we have invested in one of the largest projects for Schlumberger in recent years. Our Egypt Centre of Efficiency, a 100,000 Sq meter operating base in 6th of October will be inaugurated in 2017.”

[Also Read] OVER 400 EXHIBITORS EXPECTED AT THE EGYPT PETROLEUM SHOW 2017

Christopher Hudson said, “We are extremely grateful for the support and understanding we have received from the President and the Minister of Petroleum and Mineral Resources in ensuring the inaugural EGYPS 2017 is a success. Having the Minister himself as Event Chairman underlines Egypt’s commitment to bringing energy security to all.

“It is also testament to the event’s importance that we have the backing of Exxon Mobil as diamond event sponsor, BP as platinum sponsor, Schlumberger as gold sponsor and Halliburton as silver sponsor, and finally MIDOR and Baker Hughes as bronze sponsors. EGYPS 2017 is positively looking to attract over 800 conference delegates and 10, 000 visitors across the three days of the show” he added.

About dmg :: events:

A trusted brand for over 40 years, the Global Energy division of dmg :: events global energy organises many of the world’s most important exhibitions and conferences including the Global Petroleum Show (GPS, 7-9 June 2016 in Calgary, Canada www.globalpetroleum-show.com ), Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC, 7-10 November 2016 in Abu Dhabi www.adipec.com) and Gastech (4-7 April 2017 in Tokyo, Japan www.gastech.com ). From the global gas market to the oil sands of Alberta, dmg :: events provides conferences that provoke and educate, and exhibitions that showcase the best products and services that the industry has to offer.

Our events are organised from our offices in London, UK, Singapore, Calgary, Canada, Dubai and Abu Dhabi, UAE. Our staff of dedicated, experienced events professionals is complemented and supported by the large number of industry associations that endorse our events, and by Executive Committees and Governing Bodies of industry leaders that guide and shape our conferences.

Dmg :: events global energy is a wholly-owned subsidiary of the Daily Mail and General Trust plc, one of the largest media companies in the United Kingdom. DMGT’s history dates back to 1896 when the Harmsworth brothers (Alfred and Harold) established the Daily Mail newspaper in the United Kingdom. For more information, visit www.dmgevents.com

ACG-ITF:

The first private sector company in Egypt to organize trade exhibitions, ACG-ITF group was founded in 1986 as an active professional group with expertise and commitment for organizing and running international and specialized trade fairs.

[Also Read] The countdown begins for Cape Town’s most important oil & gas show next week

Thanks to the profound experience of multinational professional team and network, the group has staged so far more than 150 international shows that drew thousands of exhibitors, and millions of visitors from Egypt, Africa and the Middle East covering several sectors such as printing & packaging, plastics, textile, automotives, real estate, furniture…and many others.

The group has established a firm and high reputation within the regional market with a bunch of branded exhibitions in both B2B such as AUTOTECH, HEAVY DUTY, ITCE, PLASTEX and B2C shows such as AUTOMECH FORMULA and CITYSCAPE EGYPT.

Get More Oil and Gas Industry News on Orient Energy Review

Optimising efficiency, maximising value and enhancing performance key to navigating fast-changing energy landscape

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5th November 2016

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World Oil and Gas Leaders to Convene in UAE Capital for ADIPEC 2016, fast-changing energy landscape

Abu Dhabi, UAE – 05 November: The fast-changing energy landscape makes it critical for the world’s energy companies to optimise operational efficiency, maximise asset value, and enhance performance, if they are to remain resilient and keep their competitive edge.

Developments in technology and innovation, and the evolving energy supply mix, are leading international and national oil companies to rethink how they operate, according to global energy leaders, who will gather in Abu Dhabi for the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2016). The world’s most influential event for the oil and gas industry, will take place at the Abu Dhabi National Exhibition Centre, from November 7 to 10.

At a time when market volatility is causing many producers and oil companies to rethink production levels, the Abu Dhabi National Oil Company’s (ADNOC) new five-year business plan and 2030 strategy confirms its intent to achieve a production target of 3.5m bpd in 2018.

Operational efficiency lies at the core of ADNOC’s strategy, as the national oil giant continues to build on its legacy of success and reaffirm its competitive position in the marketplace.

[Also Read] Oil Industry Resilience Depends on Innovation, says Senior Kuwait Oil Company Executive

H.E. Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO, said: “Our industry’s landscape is changing, and ADNOC is evolving to meet the realities of the new energy era.

“We now have a new strategy and five-year plan in place to deliver a more profitable upstream, a more valuable downstream, a more economic and sustainable gas supply, and a world class workforce. This will ensure ADNOC remains a key driver of the UAE’s prosperity, creating lasting value for our people, our business and the economy.

“Our aim is to improve the organisation’s efficiencies and identify opportunities to further optimise our value chain. At the same time, we will be making strategic, commercially viable and targeted investments, aimed at building on our legacy of success and ensuring our continued growth.”

Meanwhile, the UAE Ministry of Energy is looking to align its strategy with the evolving global supply mix. This strategy includes boosting natural gas production to meet growing domestic demand.

“We are committed to being a reliable world supplier of hydrocarbons, but we also recognise that the industry is going through a transformation,” said H.E. Suhail Mohammad Faraj Faris Al Mazrouei, UAE Minister of Energy and a key speaker in ADIPEC’s Ministerial Sessions.

[Also Read] ADIPEC 2015: World’s leading Oil & Gas Event Breaks Industry Records

“Research, technology, and innovation are critical to enhancing efficiencies across the supply chain. We must embrace the new energy landscape by cultivating tomorrow’s generation of home grown energy professionals, deploying best practice, forging new relationships, and making strategic investments that will drive industry growth and progress. Only then can we truly pave the way to a sustainable energy future.”

Abu Dhabi is already established as a world energy hub. Annually, the UAE capital plays host to, arguably, the world’s largest petroleum exhibition and conference, ADIPEC. The landmark energy event has a longstanding track record of bringing together globally celebrated luminaries and experts to discuss challenges and opportunities in the oil and gas industry. This year, ADIPEC will bring more than 2,000 exhibiting companies, 8,500 delegates, and 700 speakers under one roof to shed light on some of the most critical industry topics.

The distinguished ADIPEC Conference Programme, now officially the world’s largest for the oil and gas industry, will address both technical and non-technical industry functions with a comprehensive agenda that includes 2 Ministerial Sessions, 3 Global Business Leader Sessions, 8 Panel Sessions, 8 Offshore & Marine Sessions, 8 Women in Energy Sessions, 3 Breakfast Sessions, 3 Luncheon Sessions, and 106 Technical Sessions

More than 50 per cent of ADIPEC attendees are expected to have sole or joint purchasing authority, demonstrating the event’s position not only as a global platform for knowledge exchange, but also as a powerhouse for local, regional, and international business opportunities in energy.

“The energy landscape is rapidly evolving, marked by an increasingly competitive business environment and a growing need to redefine strategies both in the boardroom and in the field,” said Christopher Hudson, President – dmg events, Global Energy.

[Also Read] UAE Oil and Gas Leaders Announce Plans for ADIPEC 2016

“This new dynamic makes it critical that businesses stay ahead of the curve on the latest industry developments, not only to survive this energy evolution, but also to leverage the many opportunities it presents. ADIPEC offers industry stakeholders a single platform to connect with thought leaders, analysts, suppliers, and innovators, enabling them to deploy effective strategies based on real on-the-ground data and intelligence.”

ADIPEC 2016 takes place from 7-10 November at the Abu Dhabi National Exhibition Centre (ADNEC), and is supported by the UAE Ministry of Energy, the Abu Dhabi Chamber, and the Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi).

Get More Oil and Gas Industry News on Orient Energy Review.

IRENA Welcomes Paris Agreement as Strong Enabler for Renewable Energy Action

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5th November 2016

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IRENA chief applauds rapid progress on climate action framework

Abu Dhabi, U.A.E., 04 November 2016 – International Renewable Energy Agency (IRENA) Director-General Adnan Z. Amin issued the following statement upon the entry into force of the Paris Agreement today:

“IRENA welcomes the entry into force of the Paris Agreement and congratulates those Parties whose leadership made this a reality. The fact that this happened more quickly than anyone thought possible, sends a clear signal that governments are prepared to take urgent, decisive action. Renewable energy is central to that action, as reflected by its inclusion in the nationally determined contributions of nearly 150 governments.

IRENA also welcomes the bold commitments made by the private sector, which is further bolstering momentum. But this is only the beginning. Turning commitments into action must start now so that history will view this moment as a watershed for the global energy transition; the moment we rolled up our sleeves and decided to get the job done.

Renewable energy has made remarkable progress in the last decade, transforming from an almost attainable option, to one that is economically and technically preferable. Combined with energy efficiency, it provides an immediate, viable and affordable solution to the challenge of climate change.

IRENA stands ready to support countries to achieve their climate action strategies through the scale up of renewable energy.”

Oil & Gas Industry Convene in November at Practical Nigerian Content Forum

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OrientEnergyReview

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3rd November 2016

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Themed ‘Re-energising Nigerian Content for Todays’ Operating Environment’ the 6th annual Practical Nigerian Content (PNC) Forum, taking place from 22-24 November 2016 and held in Abuja for the first time, will explore the challenges being faced by industry players

LAGOS, Nigeria, November 2, 2016/ — Engr Simbi Wabote, Executive Secretary of the Nigerian Content Development and Monitoring Board will convene with legislators including, Senator Donald Alasoadura, Chairman – Senate Committee on Petroleum Resources (Upstream) and Hon Emmanuel Ekon, Chairman of the House Committee on Local Content, and the Nigerian oil & gas industry to discuss sustaining Nigerian Content initiatives in the current economic climate.

Lower oil prices and reduced industry activities have the Nigerian oil and gas industry asking two questions surrounding Nigerian Content compliance requirements. Firstly, what level of compliance is realistic amid the current operating environment? Secondly, what hidden opportunities can be discovered through Nigerian Content initiatives in the oil and gas sector and within other industries?

Themed ‘Re-energising Nigerian Content for Todays’ Operating Environment’ the 6th annual Practical Nigerian Content (PNC) Forum (www.CWCPNC.com), taking place from 22-24 November 2016 and held in Abuja for the first time, will explore the challenges being faced by industry players and facilitate the development of new strategies to strengthen Nigerian Content in todays’ operating environment. Engr Simbi Wabote, addressing the plans of the NCDMB declared:

“We are going to take stock of how far we have implemented the Act, where have we made progress and [ask] where do we need to change our tact and strategies? How have we been able to achieve some of the targets set out in the schedule? Where are we in each of those categories and the big ones we need to focus on to move to the next level?”

Dr Anthony Akah, Ag Chairman & CEO of the Nigerian Electricity Regulatory Commission and Inye Kemabonta, Ag National Coordinator for the Office of Nigerian Content in Information & Communication Technology will also join Engr Wabote and Hon Ekon to discuss Nigerian Content legislation and governance in the Power and ICT sectors.

Other speakers at the PNC Forum will include:

Mordecai Ladan, Director, Department of Petroleum Resources
Dafe Sejebor, Group General Manager, NAPIMS
Bank Anthony Okoroafor – Chairman, Petroleum Technology Association of Nigeria (PETAN)
Clay Neff – Chairman, Oil Producers’ Trade Section (OPTS)
Andrew Olotu – Chairman, Petroleum Contractors’ Trade Section (OPTS)
Chiedu Oba, General Manager – Nigerian Content Development, Shell Petroleum Development Company of Nigeria
Olusoga Oduselu, General Manager – Nigerian Content Development, Chevron Nigeria
Taofiq Adegbite, Chief Executive Officer, Marine Platforms
Dele Aikhionbare, Nigerian Content Director, Schlumberger

See the full speaker line-up here (www.CWCPNC.com/2016-speakers)

The 2016 PNC Forum will also answer key questions and topics raised by key players in Nigeria. Topics will include:

National Content as a Driver of Domestic Capacity Development & Economic Growth across Sectors
Interrogating the Practicality of the Nigerian Content Act in Today’s Operating Environment
Increasing Access to Finance – Rejuvenating Industry Activities in the Nigerian Oil & Gas Industry
Nigerian Content – a Key to Reduced Cost, Added Value and Optimised Efficiency?
Creating More Opportunities for Independent Producers in the Upstream Sector
Exploring International Best Practice for National Content Policy, Implementation & Governance

Download the full programme (www.CWCPNC.com/download-the-brochure) for more information.

Registration for the conference is open at: www.CWCPNC.com

UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT

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OrientEnergyReview

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3rd November 2016

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MORE POLICY ATTENTION NEEDED ON ARTISANAL MINING

Geneva, 1 November 2016 – Artisanal and small-scale mining offers opportunities to generate jobs, reduce poverty, and provide livelihoods, but this sector has been largely ignored by policy-makers and donors, an UNCTAD official said. In addition, poor management of this sector contributes to serious health and environmental risks, said Yanchun Zhang from UNCTAD’s Special Unit on Commodities.

“Artisanal gold mining, which accounts for more than 10 percent of the global gold supply, releases an estimated 1,000 tons of toxic mercury per year,” she said at a three-day meeting on mining and the Sustainable Development Goals (SDGs) in Geneva from 24 to 28 October. Some 15 million gold miners, including 4.5 million women and 600,000 children, are exposed to mercury.

Hosted by UNCTAD, the Annual General Meeting of the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) welcomed 250 participants from 39 member and 14 non-member countries, plus representatives from international organizations, industry associations, companies and civil society.

The 56-member IGF discusses practical issues relating to the sustainable management and development of the mining sector. Its overarching objective is to enhance capacity for governance at all stages of the mining life cycle.

Mining continues to play a key role in the economic growth of several resource-rich developing countries, but this growth has often failed to generate any meaningful benefits for the countries’ populations. Artisanal mining may offer opportunities in this respect.

“As a labour-intensive mining process widely conducted on an informal basis, artisanal and small-scale mining is known to generate jobs, reduce poverty, and provide livelihoods for millions of people,” Ms. Zhang said.

“To a large extent, artisanal and small-scale miners remain ignored and marginalized by policy makers, donors, and the general public,” she added.