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Ayoade Is New Boss At Erin Headquarters

Erin Energy has named Femi Ayoade as CEO and new Director of the Corporation. He replaces Segun Omidele, who resigned effective February 22, 2017. Up until Mid-May 2017, when Ayoade took over, Jean-Michel Malek, Senior Vice President, General Counsel, and Secretary, served as Interim Chief Executive Officer, while the Board conducted a search for a permanent replacement.

Ayoade has more than 20 years of experience in the oil and gas industry and extensive experience on exploration and production operations offshore Nigeria. From 2008 to 2013, he was a Senior Technical Executive at CAMAC Petroleum Limited and Allied Energy Plc Nigeria and from 2006 to 2008, he was a Senior Drilling Engineer at Nigeria Agip Exploration (a subsidiary of ENI).

New non- executive directors and members of the board who joined the board in Mid-May 2017 are John Rudley, an American and Mahmud Yayale Ahmed, a Nigerian. Rudley served as the President of Texas Southern University from February 2008 to July 2016; Ahmed, meanwhile, “has an extensive history of government service on behalf of the Republic of Nigeria and has served as the Secretary to the Government of the Federation of Nigeria, a role that involved serving as Secretary to all Councils and bodies chaired by the President of the Republic, such as the Federal Executive Council and the Council of State. Mr. Ahmed served as the Minister of Defense and as the Head of Civil Service.


PGS Chief To Become Chairman of Statoil

Jon Erik Reinhardsen has been elected as new chair of Statoil’s board of directors.

Øystein Løseth, who was chairman for the last two years, had informed the nomination committee that he did not wish to stand for re-election in 2017, as he wants to return to a career seeking more operational positions.

Løseth leaves the board on July 1, 2017.

Reinhardsen will resume from the position of Chief Executive Officer of Petroleum Geo-Services (PGS)a job he has held for nine years (since 2008), and take on chairmanship of the board of one of Europe’s largest E&P companies from September 1, 2017, until the ordinary election of shareholder-elected members to the board of directors in 2018.

Meanwhile, Roy Franklin will retain his position as deputy chair and will function as the acting chair of the board in an interim period fromJuly1, 2017, when Løseth leaves the board of directors, until and including August31, 2017.

WencheAgerup, Bjørn Tore Godal, Rebekka Glasser Herlofsen, Maria Johanna Oudeman and Jeroen van der Veer were all re-elected members of the board of directors.


Ben Asante Takes Charge of Ghana Gas

Ben K. D. Asante is the Caretaker Chief Executive Officer (CEO) of the Ghana National Gas Company (Ghana Gas).
His appointment follows the exit of the former CEO of the company, George Sipa-Adjah Yankey.

Asante assumes his new role as Acting-CEO with more than 25 years global experience in the Oil and Gas industry. He is a Lecturer at the School of Engineering, Kwame Nkrumah University of Science and Technology (KNUST) and a former Engineering and Technical Director of Ghana’s premier Gas Infrastructure project, which led to the Atuabo Gas Processing Plant and allied gas infrastructure in the country’s petroleum rich Western Region.

He has worked for major Operating Companies (Nova/TransCanada Pipelines and Enron) as well as Engineering Consulting companies (Jacobs Engineering and Gulf Interstate Engineering) in Canada and the US in various positions up Director of Engineering and Operations.
He has also provided consulting services to the World Bank and Asian Development Bank (ADB).

He developed the Gas Infrastructure Master Plan for Ghana, working with the Energy Commission.He has consulted for the Ghana National Petroleum Corporation GNPC. He holds a BSc in Chemical Engineering (KNUST, Ghana) and MSc in Chemical Engineering (University of Calgary, Canada) and a PhD in Chemical Engineering from Imperial College, London/University of Calgary. Dr Asante is a board certified Professional Engineer.

He has 15 technical papers and made over 80 technical presentations around the world on Oil/Gas Infrastructure Design and Operations.


Greger Is New Head of OMV’s Investor Relations

Effective June 1, 2017, Florian Greger (47) became Head of Investor Relations for the OMV Group. He succeeds Magdalena Moll, who has managed the department in addition to her function as Head of Corporate Affairs OMV. Florian Greger will report to Magdalena Moll.

Florian Greger can look back on a career in the chemical industry stretching back almost 20 years: In 1999, he joined BASF in Ludwigshafen, Germany, where he initially held various positions in the plastics sector.

In 2009, Florian Greger became part of the BASF Investor Relations team, where he had various roles including Deputy Head of Investor Relations. He moved to the U.S. in 2013, where he was responsible for the North America region as Director of Investor Relations for BASF Corporation in New Jersey. At the end of 2015, he took over the business management Diols & Derivatives North America in his role as Director.

Florian Greger studied Chemistry in Heidelberg, Germany, after which he completed an MBA in Belgium and Spain.


Tony Hayward Bows Out of The Company He Created

By Sully Manope

Tony Hayward will retire as a Director and Chairman of Genel Energy, a company he helped create, at the conclusion of the 2017 AGM, to be held on June 6, 2017.
Stephen Whyte will take up the role of Chairman.

Genel Energy was formed in 2011 through the reverse acquisition of Turkish Genel Enerji by the  investment company Vallares, led by Tony Hayward, who had just been forced out as CEO of BP (in the event of the Deep water Horizon spill in the Gulf of Mexico), Nat Rothschild, a financier and Julian Metherell, a banker.

At the time, Genel Enerji was controlled by the wealthy Turkish businessman Mehmet Emin Karamehmet, who ran the company through his Cukurova Group (56%), a conglomerate and Mehmet Sepil’s family (44%). At the time Hayward and his partners showed up, Genel Enerji’s planned merger with Heritage oil, (the defunct British independent), had just collapsed.

But Hayward’s six year old creation has struggled, largely due to the challenges of receiving payment from production of its flagship asset, the Taq Taq field, located in the Kurdistan part of Iraq.

Whyte’s appointment as an independent non-executive director and Chairman designate was announced on April 24, 2017.

 Genel has some positions in Africa: in Somaliland and in Morocco, but it is not excited about either. Citing security issues, it has not conducted an aggressive work programme on the two acreages it operates in Somaliand. It plans to acquire portions of speculative two dimensional (2D) seismic data that the government has purchased and interprete the data after which, it says, it is not keen on extending the licences on the acreages.

In Morocco, Genel has drilled a well, which was promising, but it is not talking of appraisal.


Power Consultant Is Neconde’s New CEO

Frank Edozie has taken over from Malije Okoye as the Chief Executive Officer of Neconde, the Nigerian E&P independent. It’s a big job: Neconde is 45% partner and co-operator of the Oil Mining Lease (OML 42), which produced 25,000BOPD average gross in March 2017. The asset also has a 40MMscf/d gas processing plant recently inaugurated.

Until March 2017, Edozie was the Senior Power Consultant at Nigeria Infrastructure Advisory Facility (a UK Department of International Development (DFID) programme) a job he took in July 2015. Prior to that he was the Senior Special Adviser (Gas) to Nigeria’s Minister of Power between November 2013 to June 2015. He was also a member of the team that in 2013 developed the Nigerian 30-years National Integrated Infrastructure Master plan which set out the national blueprint for infrastructure development over the period.

Edozie worked with Shell in various capacities over the years and has had variety of assignment in many of Shell’s upstream locations around the world, including the position of General Manager, Commercial at the defunct Olokola Liquefied Natural Gas (OKLNG) Project from September 2010 to June 2013.

Neconde’s new MD says he has keenly followed developments across the entire Power value chain, over the past 24 months, with particular interest in gas-to-power and the completion and commissioning of the power plants (being) built under the Nigeria Integrated Power value plant (NIPP) scheme.


Manish Takes Over From Phillip Ihenacho

Seven Energy Finance Limited has announced the appointment of Manish Maheshwari as its Chief Executive Officer.
Until recently the Chief Executive Officer of Essar Exploration & Production, Maheshwari succeeds Phillip Ihenacho, who had elected to step down from a full time executive role with the Company.

Maheshwari has over 25 years’ experience in the oil and gas sector. Before his movement to Essar in November 2014, he was Managing Director of Hindustan Oil Exploration Company Limited, a subsidiary of the Italian giant, ENI SPA.
The Essar job entailed responsibility for 15 blocks and fields in various stages of exploration and production in India, Indonesia, Madagascar, Nigeria and Vietnam. The total reserves and resources across these assets were estimated, by the company, to be 2,034MMBOE in March 2015.

“Manish has been instrumental in turning around and delivering multi-fold growth from onshore and offshore assets in a safe, timely and cost effective manner in his previous assignments”, Seven Energy notes in a statement. “Manish has been involved in negotiating Production Sharing Contracts with Governments, Joint Operating Agreements with National & International Oil Companies, Crude Oil Sales Agreements, Gas Sales Agreements with aggregators and end users, as well as successfully completing several farm-in and farm-out arrangements.

Manish brings rich experience overlapping technical, commercial and financial domains in emerging economies. Manish has a Bachelor (Hons.) in Engineering and a Masters in Business Administration from Strathclyde University and has been a member of several professional bodies including the Society of Petroleum Engineers (SPE) and Association of International Petroleum Negotiators (AIPN).

Seven Energy is a leading player in the domestic Nigerian gas market, supplying gas to the power generation and manufacturing industries, principally through its own integrated processing and pipeline infrastructure, and the backing of strategic long-term investors. The Group’s midstream gas infrastructure assets, focused in the south east Niger Delta, include the 200 MMscf/d Uquo gas processing facility and a gas pipeline network of 260 km with distribution capacity of 600 MMscf/d. Its upstream assets include licence interests in the Uquo Field and the Stubb Creek Field (south east Niger Delta), an indirect interest in OMLs 4, 38 & 41 through a Strategic Alliance Agreement with Nigerian Petroleum Development Company (north west Niger Delta) and a licence interest in OPLs 905, 907 and 917 (Anambra Basin). The Group has its main offices located in Lagos and London.


Africa’s Luckiest Explorer Gets A New Director

Cairn Energy, which found commercial quantities of oil during a low price regime when other independents were encountering gas, has picked a new director to oversee its aggressive exploration programme.

Eric Hathon joins the company from Marathon Oil Corporation where he held the position of Director Conventional Exploration, based at the company’s Headquarters in Houston, USA.

Hathon succeeds Richard Heaton, currently Cairn’s Director of Exploration, who is retiring after 23 years service with the company. Heatonwill step down from his role following Cairn’s Annual General Meeting in May 2017. 
Following a handover period, Hathon will be responsible for leading all of Cairn’s future exploration activities, which has Nporth West Africa as a major heartland.
 
He will be a member of Cairn’s Senior Leadership team and will report directly to Simon Thomson, Chief Executive.
Hathon joined  Marathon Oil Corporation in 1991 as an Exploration Geologist. Since then he has worked in a number of senior international management roles covering North and South America, Europe, Middle East and Africa. 

In addition to exploration responsibilities, Eric has held asset management and international new venture roles with Marathon. He has a BSc in Geology from Michigan State University and an MSc and PhD in Geology from the University of Missouri.


George Osahon Is New Chairman of Energia’s Board

George Osahon, former Director of Department of Petroleum Resources, has been elected Chairman of the Board of Energia, the Nigerian Independent.

He takes over from Albert Horsfall, the career detective and intelligence operative and founding Chairman of the Oil Mineral Producing Areas Development Commission (OMPADEC), the precursor of the Niger Delta Development Commission (NDDC).

Energia, operator of the Ebendo marginal field in Oil Mining Lease (OML) 56 in the western Niger Delta, was founded in 2001 by a group of Nigerian elite oil industry technical professionals, some of who provided technical services on the field development via the companies they own and run, in lieu of cash, for their equity investment. Mr. Osahon was in that founding team.

The Ebendo field has been producing since 2009 and at some point reached over 6,000BOPD in production. Its fortunes have, however dwindled in the last six months, producing 1,276BOPD in September 2016 (five months ago) according to NNPC’s latest figures.


Dos Santos Didn’t Fire The Top Sonangol Board

By Toyin Akinosho

But she is clearly discrediting the old guard

Isabel dos Santos sacked the Executive Committee of Sonangol P + P, the small production company which is an operating arm of the upstream segment of Angola’s state hydrocarbon firm, Sonangol.

The daughter of the country’s President, who is also the Chairman of Sonangol, has taken on the title of CEO of P+ P, and it looks as though the unit is being merged with Sonangol EP, internal sources told Africa Oil+Gas Report.

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