JOB VACANCY!

Job vacancy!

We are recruiting for the position of a business developer. Kindly find attached image for job description and CV/Cover letter submission. Best of luck.

URGENT VACANCY!!!!

HR JOB VACANCY FOR NYSC INTERN

JOB VACANCY
Recruitment at OFURE INT'L SERVICES

We are currently recruiting for position of : field worker/ supply officer/procurement officer for a monthly basic salary of N95,000 - N150,000, incentives, bonus and allowance is to be discussed. interested candidates should send their CV to career@ofureglobalservices.com

Deadline for CV submission is 31st May 2021

QUALIFICATIONS AND REQUIREMENTS

* Must have history of supplying AGO/PMS/MGO in large quantity to onshore and offshore locations

*Must be familiar with Apapa axis, jetty and its environs.

* Must have basic computer skills and ability to multitask

* Must have key contacts in accredited depots within lagos and port harcourt.

* Must have an already existing client base.

* Hse certificate level 1&2 is acceptable

Shell discussing possible sale of onshore oil assets with Nigeria government

Nigeria is urging Royal Dutch Shell Plc to keep its onshore oil and gas operations (pipelines and oil blocks) in the country rather than divest them, as the company seeks to focus more on cleaner energy and offshore production.
Nigeria's minister of state for petroleum resources Timipre Sylva told reporters on May 19 in Abuja that it is not good for us to be in a situation where “Shell has completely divested from a sector.”
For more than a decade, the Anglo-Dutch energy conglomerate has been gradually selling its onshore assets in Nigeria, an OPEC member and Africa's largest oil producer, as it seeks to address issues such as ruptured pipelines and legal battles with local communities. It is to be noted that Shell is Nigeria's largest oil producer, accounting for roughly 40% of the West African country's total crude and condensate output capacity of 2.2 million barrels per day, and the divestment could have a significant impact on the OPEC member's oil output.

According to the petroleum minister, one option on the table is a potential divestment to the Nigerian Petroleum Development Company Ltd a unit of the state oil company. He also mentioned the possibility of involving local and other foreign independent operators in the process.

“We have been reviewing positions that continue to be challenged from an environmental standpoint, with onshore oil in Nigeria receiving special attention. In onshore Nigeria, we have cut the total number of licenses in half. However, our remaining onshore operations are still vulnerable to sabotage and theft,” Van Beurden said at the Shell AGM on May 18, “it means that the risk-reward balance associated with our onshore oil portfolio in Nigeria is no longer compatible with our strategic objectives.”
Van Beurden, on the other hand, stated that Nigeria will remain an important heartland for Shell, with a focus on the country's Deepwater and gas assets.
Local analysts said that, in addition to the risk of unrest and insecurity in the Niger Delta, the Nigerian government's failure to pass the landmark energy legislation — the Petroleum Industry Bill (PIB) — was a major factor in Shell's decision to leave the country.
“These onshore blocks in question are owned jointly with NNPC, and there is still uncertainty about the terms and conditions that Shell will continue to operate the fields, it is unsurprising that the company has decided to take a break,” said energy analyst Abiodun Adesanya.

Shell diversifying its onshore assets (oil blocks, pipelines) will leave a significant void in crude oil exploration/production, with Shell responsible for 48.6 million barrels in Nigeria by 2020. The absence of such a multinational entity may result in a shortage of petroleum products, which will eventually lead to scarcity for final consumers.
With this in mind and other policies in play, a price increase in petroleum products (AGO, PMS and DPK) appears to be a foregone conclusion as the FG struggles to maintain a bloated subsidy regime.

Source: Maritimes energy, Hellenicshippingnews, SpGlobal.com

Shipowners Association of Nigeria (SOAN) expresses its concerns and said that $100 million is lost to capital flight as the Nigerian National Petroleum Corporation (NNPC) recently contracted coastal and bunkering vessel services to a foreign shipping company, Messrs UNIBROS. The shipowners urged the lawmakers to carry out a thorough investigation into the contract.

According to them, the action is in total breach of the Nigerian content laws, the Coastal and Inland Shipping Act (Cabotage Act) and the Presidential Executive Order No.5 and executed in exclusion of Nigerian Shipowners and operators.

Nigerian owned and flagged vessels are made to pay full customs duty and appropriate taxes on earnings, which foreign shipping companies have continually evaded. UNIBROS and/or any other foreign shell company do not pay any tax to FIRS.

While SOAN are expressing their grievances, oriental news nigeria, reports that the NNPC turned to swaps in 2010, in part to avoid domestic fuel shortages and now a reoccurrence is taking place by August 2021 which will last for a year. The Nigerian National Petroleum Corporation (NNPC) has reportedly selected 16 consortia for its new crude-for-fuel swap contracts, the list includes major trading firms Trafigura, Vitol and Mercuria, oil major Total TOTP.PA as well as large Nigerian traders like Sahara Energy SAH.V, Oando LG and Mrs Oil, reports Reuters quoting credible Industry sources. The contracts, known as direct sale, direct purchase (DSDP) are coveted since they are used to supply nearly all of Nigeria’s gasoline needs as well as cover some of its diesel and jet fuel consumption.

In response, NNPC entered into two different types of swap agreements, the first is a crude-oil-for-refined-product exchange agreement (RPEA). Under an RPEA, crude is allocated to a trader and the trader is then responsible for importing specified products worth the same amount of money as the crude, minus certain agreed fees and expenses, the value of which the trader keeps.

The second type of swap is an offshore processing agreement (OPA). Under this type of deal, the contract holder either a refiner or trading company is supposed to lift a certain amount of crude, refine it abroad, and deliver the resulting products back to NNPC.

The contracts lay out the expected product yields (i.e., the respective amounts of AGO, PMS AND DPK.) that the refinery will produce.
The refining company also can pay cash to NNPC for any products that Nigeria does not need.