All posts tagged africa-petroleum

Jide Ojo Is Out Of Addax

Jide Ojo, former President of the Nigerian Association Of Petroleum Explorationists (NAPE), has left Addax Petroleum in Nigeria. He was the company’s General Manager for Exploration. At a well attended send forth party for him in a seaside Chinese restaurant in Lagos, he dismissed insinuations that he is a unique species among his generation of Nigerian technical professionals who work for multinationals. Mr Ojo has worked in the industry for 32 years and has moved around, working for Shell, ExxonMobil, Statoil, Global Energy and Addax.jide

“Perennial Mover?”, he questioned the phrase. “Only five moves in more than 32 years in the industry, with sometimes 6-10 years between moves, ultimately leading to voluntary exit from Addax (albeit three years before retirement age) sounds deliberately focussed/decisive rather than flighty, if you ask me”.  He left Addax finally at the end of February 2013 after three more months working on contract as a Consultant. Asked if he was one of several experienced engineers and geologists invited to the company by the late Jim Pearce, Addax’s transformational former CEO, he responded quite formally. “Jeff Schrull’s incorporation of meinto the Addax family certainly had a Jim Pearce handle to it.  Jeff was hired as Corporate GM Exploration based in Geneva and his mandate was to move the company further upstream by activating an exploration focus which was mostly non-existent at the time.  I was then brought on board close to two years later to build up the corresponding Nigerian Exploration Business Unit”.

Al-Jebouri Moves Farther Up In Lukoil

Russian operator, Lukoil has promoted GatiSaadi Al-Jebouri to the  position of Senior Vice PresidentGati  Photo1 of LUKOIL Overseas, a subsidiary of the company.Prior to this elevation, Mr. Al-Jebouri was the Executive Director of Dubai Branch of LUKOIL Overseas.

Lukoil says that MrAl-Jebouri has been successfully holding senior management positions in the companies of LUKOIL Group for more than ten years.

Starting from 1998, He was Director of Investment and Finance in London-based office of LUKOIL Europe Holdings Ltd., in 1998. Five years later, in 2003, Gati Al-Jebouri was appointed Chief Finance Officer of LITASCO SA (LUKOIL International Trading and Supply Company), i.e. LUKOIL’s multinational marketing and commercial entity registered in Switzerland. From 2005, he held the position of CEO in LITASCO. From March 2010 till present, Gati Al-Jebouri performed the duties of Executive Director in the operating company in charge of LUKOIL’s strategic West Qurna-2 project.

Ian Sinclair Joins Rialto’s Board

Rialto Energy has appointed Andrew Ian Sinclair to its Board in the interim. The appointment is to allow the company to comply with Australian requirements to have two directors resident in Australia, whilst it completes a search for a permanent Australian based Non-executive Director to replace Jeff Schrull,  whohas stood down from the board.

Mr. Sinclair, who is based in Sydney, Australia, is a founder of Giant Capital, an international investment fund focused on the oil and gas sector which he founded in 2011. Previously,he had a 16 year career with Macquarie Bank in Sydney, London and Houston.

Rialto Energy has assets in Cote d’Ivoire, where is the Operator (85% working interest) of the CI-202 block offshore, which contains the Gazelle Field and Ghana, where it holds a 12.5% interest in the Offshore Accra Contract Area, operated by Ophir Energy.

The company also has an interest in the Apache operated WA-399-P Block in the Carnarvon Basin, Western Australia.


AP Desperate For Funding, Keeps Talking With The Chinese

African Petroleum Corporation, the Australia listed operator, is close to securing much needed financing
partnership in working up its frontier acreages in West Africa. The Memorandum of Understanding (MoU)
which it signed with PetroChina, a subsidiary of the China National Petroleum Corporation, gives the latter
until August 31, 2012 to agree an investment in up to 20% of Block LB-09 in Liberia and up to 20% in one or more
exploration blocks in The Gambia, Ivory Coast, Liberia, Senegal and Sierra Leone.
The value of the deal has not been agreed and the deal is subject to government, regulatory and other approvals, African Petroleum noted in a widely circulated release.

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Bio Therm Elects Former Eskom CEO As Chairman

Allen Morgan has been appointed as chairperson of South Africa’s renewable and clean energy generation project developer Bio Therm Energy.

Morgan served as CEO of Eskom, the country’s power utility, from 1994 until 2000 and is currently a non executive director of the power utility and JSE.listed Kumba Iron Ore. He will continue to serve on the Eskom board. Bio Therm recently announced a $228Million equity commitment by Denham Capital. Bio-Therm was founded in 2003 and has a significant project pipeline in the energy recovery, clean and renewable energy field in South Africa.

“Allen is highly respected for his contributions to both Eskom and the electricity sector in South Africa. We are fortunate to have someone of his stature joining our team at this critical juncture in the global and domestic economy,” said Bio Therm Energy founder and CEO Charles Liebenberg.

“It’s going to be exciting to be part of a young and growing company at this stage of its development,” stated Morgan.

Bio Therm Energy makes use of carbon finance as created by Article 12 of the Kyoto Protocol (the Clean Development Mechanism) to finance projects.

The company is based in Johannesburg, South Africa, and develops, owns and operates turnkey energy waste to energy, renewable energy and energy efficiency projects in the sub-utility range of 5 MW to 100 MW.

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