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July, 2016

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8 Questions You Should Ask Your Interviewer

Recruiters usually have several candidates for every job, scaling through the interview process, will not only require dressing right, preparing a great CV and nailing the interview Read More

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What’s The Best Way To Get A Promotion?

A survey carried out by CBS money watch in the US showed that 59% of people who asked for a promotion at work got what they asked for. This is to say that most people believe that once  you have worked really hard and feel that you have delivered, then it is right that you ask for a raise/promotion from your boss.

Considering the “Nigerian Thing” Do you think this strategy works in Nigeria? Have you ever tried it before and it worked? Please let’s hear from you! Drop off your comments below.

Understanding the Oil Price Dynamics

Crude oil is a major driver of the global economy and its price dynamics are a key indicator for producers, consumers and investors. There have been intense arguments between people everywhere on the prevailing fall in oil price- oil technocrats to people on the street and trust me the reasons are hilarious. Without getting too technical and boring you with so many economic jargon, here is a simple explanation on how this works!

With each passing year crude oil continues to play a major role in the global economy. Fluctuation in price has sent some ripples through both producer and consumer nations which Nigeria is one of.

Crude oil prices are determined mainly by demand and supply. Declining global demand expectations, combined with loosening supply conditions resulted in oil price decrease.
As demand increases (or supply decreases), the price should go up. As demand decreases (or supply increases), the price should go down. Sound simple right? Read More

Local Content Regulation for Marine Vessel Operations in Nigeria’s Oil Industry (1)

vessThe Maritime Industry is the key source of support for offshore operations in the Nigerian oil and gas industry. Oil and gas companies operating offshore depend heavily on specific marine support and logistics services for all of their operations. These services includes: marine vessel support; procurement of offshore oil operations equipment; transportation of manpower, equipment and products; sourcing for manpower; offshore security, etc.

In the past the marine support base of the oil and gas industry has been predominantly controlled by Foreigners – they not only exclusively owned the marine vessels that worked in the Nigerian oil and gas industry, they also had the exclusive manpower to Read More

Indian Refiners Shun Nigeria’s Oil, Turn to Malaysia

cargosA number of Indian state-owned refiners have been actively picking up Malaysian oil cargoes for loading in July and August amid growing uncertainty over the exports of Nigeria’s crude grades, according to regional sweet crude traders.

Bharat Petroleum Corporation Limited issued a spot tender to purchase several Malaysian light sweet crude grades, raising expectations that more Indian end-users could switch their focus to Southeast Asian supplies, Platts reported. Read More

How Oil Spills Happen?

oil spillDid you know that nature itself leaks more oil into the ocean each year than mankind? It has been doing so for millions of years. Earth has large reserves of oil and gas trapped deep beneath its surface, these reserves occasionally develop cracks and some of the oil or gas spill into the ocean.

However, the major difference between oil spillage by nature and human interference is that natural spill rarely causes any major damage while, spillage caused by human interference can be very damaging to both human and marine life.

Solar Energy – A Substitute for Gas in Power Generation

solar substThe main source of electricity in Nigeria comes from hydro and gas and currently we have an installed electricity generating capacity of approximately 7500MW, but we generate less than 5000MW due to numerous issues.

Over 60% of Nigeria’s 170 million people lack access to electricity supply and are struggling to meet basic electricity supply needs and also keep their businesses running. Due to the current issues (gas constraints, pipelines sabotage etc.) surrounding the power sector, deregulation and increase in generating capacity, it is about time the government starts taking the prospects of solar energy seriously.  Solar energy is the most abundant of all the available renewable energy sources in Nigeria. Besides the abundant oil and gas resources that we currently have, we are still fortunate to be situated in Sub-Saharan Africa, according to the International Council for Science, this is a region which holds the world’s best solar resources. Nigeria has 485.1million MWh/day of solar energy in natural units and we enjoy an average of 6.2 hours of Read More

Benefits of Local Content Regulation on the Power Sector

for powerLocal Content Regulation for the Power Sector was issued by the Nigerian Electricity Regulatory Commission (NERC) on December 24, 2014. This came as a result of the powers conferred on NERC to issue regulations and NERC’s objective to ensure optimal utilisation of resources for the provision of electricity services in Nigeria.

The essence of enforcing local content on the Nigerian power sector is to ensure Read More

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