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September, 2016

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Top 7 Questions to Expect From Your Interviewer

questionEvery interviewer has a different approach to the hiring process and their questions may differ. Nevertheless there are certain questions that often reoccur at every job interview, the wordings may be different, but the basics will always be the same.

CareerHubAfrica has narrowed down the most commonly asked questions to help you get prepared for that next job interview!

Here is what you should expect: Read More

Should You Accept A Job That Pays Less Than Your Previous Job?

Assuming you’ve been out of job for about 10 months and you just got a job offer which the salary is less than what you earned at your previous job. Would you take the job or not?

It is quite natural for your Read More

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379 Billion Cubic Feet?

Nigeria was ranked the 5th country in the world to have flared the highest volume of gas per day in 2015 down from the 2nd position it held in 2011. According to Energy information administration (EIA), Nigeria flared 379 billion cubic feet (Bcf) or 12 per cent of gross production of its associated gas production in 2015.

OPEC: Production and Falling Oil Prices

The Organization of Petroleum Exporting Countries (OPEC) accounts for about 40 percent of the world’s crude oil. Equally important to global prices, OPEC’s oil exports represent about 60 percent of the total petroleum traded internationally. Because of this market share, OPEC’s actions influences international oil prices. In particular, indications of changes in crude oil production from Saudi Arabia, OPEC’s largest producer, frequently affects oil prices.

data-1 Click to view image

The statistic above illustrates the monthly average crude oil prices of OPEC basket for the period between August 2015 and August 2016. This basket is an average of the prices of petroleum blends that are produced by the OPEC members. Some of these oil blends are, for example: Saharan Blend from Algeria, Basra Light from Iraq, Arab Light from Saudi Arabia, Girassol from Angola, Es Sider from Libya, etc. OPEC tries to keep the price between given maxima and minima by increasing and decreasing its oil production. The OPEC reference basket includes both heavy and light crude oils, and is heavier than most other crude oil mixtures (benchmarks). Read More

PETAN and Its Role in the Implementation of Nigerian Content 2

petanThe Petroleum Technology Association of Nigeria (PETAN) is an association of indigenous technical oilfield service companies in the upstream and downstream sectors of the oil industry in Nigeria. Last week we talked about the core objectives of the association and some activities being carried out by them. This week we would look at the member companies of PETAN and the membership requirements.

PETAN Member Companies

PETAN has 80 member companies that provide specialised services to the Nigerian oil and gas industry. Read More

Q1 2016 Report: Nigerian Ports Record a Drop in Vessel Traffic

A Report from Nigerian Stock Market Analysis showed that the number of vessels that call into Nigeria ports bringing imports, including finished goods and raw materials into the country declined by 77.8% in the first quarter of 2016 compared to the same period in 2015 with cargo volumes dropping from about 62million Gross Tonnage (GT) to about 35million GT.

The reason for this drastic drop is attributed to the current state of the economy which is having a crippling effect on different sectors including the maritime sector. Read More

Raya-1 Prospect

rayaAn oil well currently being drilled offshore Uruguay by a drillship known as Maersk Venturer in a water depth of 11,156 feet (3400 meters) has broken the world’s record for the deepest water depth for an offshore oil rig – a position which was formerly held by a well drilled by Transocean’s ultra-deepwater drillship Dhirubhai Deepwater KG1 in 2013.

The well is known as the Raya-1 Prospect, and the drillship is for a consortium involving Total SA and ExxonMobil.

PETAN and Its Role in the Implementation of Nigerian Content

petanThe Petroleum Technology Association of Nigeria (PETAN) is an association of indigenous technical oilfield service companies in the upstream and downstream sectors of the oil industry in Nigeria. The association was formed to bring together Nigerian oil & gas entrepreneurs to create a forum for the exchange of ideas with the major operators and policy makers and to also collaborate with Nigerian Content Development and Monitoring  (NCDMB) Board to achieve 100% Local Content in the oil and gas industry.

Its core objectives are as follows: Read More

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