Laudate's Posts
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hinwazaka:What do you mean by "full liquidation of the downstream sector?" |
What is the lifespan of an NNPC GMD? they are usually kicked out in 2 years or so. Ibe should enjoy his 24 months - 36 months in power... if he lasts that long! ![]() |
Vyolet:Ehn?? ![]() Am yet to see this in any government hospital in Lagos, oh! If you don't have about 12,000 to 20,000 naira, na God I take beg you, don't even attempt going to a govt owned hospital in Lagos! Even malaria test and HIV Tests are not free! |
kennygee:Hehehe.... why am I not surprised?? When I was complaining on Nairaland about the NHIS Scheme and the way it was run, several months ago, some people went up in arms on one thread and wanted to launch e-fisticuffs in my direction. Thank God for user names and the faceless internet mode. Now the truth is coming out gradually... ![]() |
tafrica:There are several regulators that carry a gauge. Just check in the markets with those who sell new cylinders or check at gas plants where cylinders are refilled. ![]() |
ncolumella:I feel sorry for whoever buys your report. It is too long on grammar and too short on reality. Anyone going into the LPG Gas business should talk to the actual operators in the field, and not somebody selling a report with little or no knowledge about the facts on the ground. ![]() When you copy and paste, please do so with a bit of knowledge. Your initial post stated: "Propane or liquefied petroleum gas (LPG) popularly called "cooking gas"..." In Nigeria, the accepted standard for cooking gas is Butane CH4, and NOT Propane CH3. Get your facts right. |
Icon4s:What stopped him from liaising with the then Minister of Works, to put pressure on his people to get the road fixed? There have also been many state governments that fix federal roads, and turn back to collect the money from the federal govt at a later date. Ask Fashola, how many federal roads he fixed in Lagos! |
dinomcjohn:Have the houses already been built? Kindly confirm so we can arrange an inspection. |
Hmmn.... strange things are happening here. I saw an advert for a property once.Called the guy, only to be told that I need to pay a registration fee running into thousands, fill a form bla - blah , before he can even allow me to conduct an inspection. I asked him if he was still going to collect agency and legal at 10% each. He said it was compulsory he must collect it. so why was he asking me to pay money upfront before inspection? Anyway, I made enquiries about the property from colleagues in my office who live in that area, only to discover the flat had already been let out 3 months ago. Imagine!! And the silly agent still kept calling me to pay for registration when he knew the flat was no longer available. ![]() |
No price?? |
Pls post the pictures of the interior and exterior, here. Thanks. ![]() |
My question is this: Who fixes these pre-paid metres when they go bad? My neighbour's metre gave a funny noise one day, and stopped working. She called Eko Disco staff to report. Guess what? They asked her to buy another metre. Meanwhile, her pre-paid meter was just installed 5 months ago, after she waited 18 months to get the unit. Imagine! They held on to her money for 18 months, telling her "come today, come tomorrow.." ![]() |
princdebola201:Guy, why are you looking for trouble now?? You had better let sleeping dogs lie. Hehehehe ... you want the Biafran Internet Army to pursue you?? ![]() This issue has been discussed extensively on another thread and blood was almost spilled, (in a figurative manner of speaking!). Read all about it here: https://www.nairaland.com/714801/forceful-invasion-massacar-mid-westerners-biafrans/2#8754130 https://www.nairaland.com/2476969/yoruba-say-sw-north-saved/7#36349998 https://www.nairaland.com/2478698/pictures-biafran-children-defying-awolowo/1#36288555 https://www.nairaland.com/2403872/another-civil-war-lead-end/1 Let me perch in this corner with my groundnut and mineral to watch the unfolding fight! Oya, round one is about to begin..!! |
dukeolumde:I no know say you sef see am! Do the GSM companies dash them free credit when other people call them? ![]() |
mapet:Hahaha .... you are still arguing blindly. Why am I not surprised? Unfortunately, you are beginning to sound lame and ridiculous.Point of correction, I called you out first, on your lame inaccuracies and instead of providing your own data to dispute what was written, you took refuge in pettiness and catty remarks. Facts and data have been given, and you have refused to see the truth. Instead, you keep using the case of a few minor exceptions to try and push through the false impression that the appointment of non-technical folks to head oil & gas firms is an on-going trend, or it signifies the industry standard. Can't help you, sorry! You have chosen to view the whole thing through blinkered lenses. ![]() You really do have a long way to go....! Even if I attended a board meeting to take minutes, how does that detract from the points made on this thread? Have you attended any? Please share the experience. You won't see the value of that exposure, until you take off the blinkers from your shallow mindset. You won't see the fact that details of everything that transpired during the board meeting, are recorded in the minutes which makes you privy to all the decisions taken by the board, even though you are not part of the decision making process at that level. ![]() Have you forgotten that you actually requested to know what kind of discussions are held at board meetings? Despite all that has been said, you have still not been able to comprehend the salient issues, nor have you been able to give a coherent factual response to any of the points raised earlier. I guess that is why you decided to pick on this??!! Hehehe .... how shallow! You are trying too hard to sound intelligent. Unfortunately, it isn't working.The Babs Omotowa and Austin Avuru's examples are rather too late in the day. Last time I checked, Austin Avuru's company was not rated as one of the top oil & gas companies in West Africa, talk less of the world! Mutiu Sunmonu who you keep citing as the MD of Shell Nigeria, retired from Shell since early this year. So update your knowledge base. ![]() But if you insist on using retired MDs as your yardstick, no problem. Some of the former MDs at Shell, had engineering degrees which equipped them with the right technical skills used in driving the fortunes of the company. Am not disputing that they picked up commercial skills along the way which helped them on their corporate journey to the boardroom. Chimaobi Jonathan Ibeneche, the former MD of Shell Exploration Nigeria (SNEPCO) is an electrical engineer. He later moved to NLNG as the first Nigerian Managing Director, and is currently the MD of Erotron which owns OML 18 producing 21,000 BOPD from six fields since 2012. It has reserves of 1.5 Billion Barrels of Oil Equivalent (BBOE) in eight fields, the largest being Cawthorne Channel, Buguma Creek and Alakiri, according to industry estimates. ![]() There are several other oil & gas companies operating locally with production engineers, at the helm. This shows that having the right technical background, is just as important as the commercial skills or knowledge brought to the table in the executive suite. For example: Tunde Afolabi, Managing Director and Chief Executive Officer of Amni International Petroleum Development Company is a geologist & production engineer whose firm Amni has been producing oil in Nigeria, since 2006. His company was awarded the Okoro Field (Okoro) and Setu Field (Setu) are located in OML 112 in shallow water offshore Nigeria, as part of the Nigerian government's indigenous licensing programme. Total gross production at the Okoro field in 2013 was 6.5 mmbbls of oil, representing a gross average daily rate of 18,041 bopd (year-on-year increase of circa 7%), and a process uptime of 98.6%. http://www.afren.com/operations/nigeria/okoro_setu/ Elisabeth Proust, Managing Director/Chief Executive of Total E&P Nigeria Ltd, Total Upstream Nigeria Ltd is a graduate of Mechanics and Marine Hydrodynamics from the Mechanical Engineering School (ENSM) in Central Nantes, France and also has a degree in Petroleum Engineering from the French Petroleum Institute (ENSPM), Paris; Nolan O’Neal is Chairman/Managing Director of Mobil Producing Nigeria (MPN) and Esso Exploration & Production Nigeria Limited (EEPNL), in Nigeria. He has over 30 years oil and gas industry experience, having joined then Exxon Corporation in the United States as Project Engineer in February 1983, thereafter undertaking numerous professional and leadership positions in project and technical organizations, research, global operations, gas marketing, and project management. He holds a Bachelor of Science degree in Structural Engineering from Texas A&M University and a Master of Engineering degree from Tulane University in United States, graduating with highest honors at each of the schools; Cornelis Zegelaar, Snr. Vice President & Managing Director of Addax Petroleum has an MSc in Mechanical Engineering from Eindhoven University. From 2002 until 2005 he held the position of Vice President for Exploration and Production and General Manager at Shell, Venezuela. Since 2011 he has held the position of Senior Vice President and Managing Director, Addax Petroleum, Nigeria; Dr. ‘Layi Fatona, Managing Director of Niger Delta Exploration & Production Plc, is a Petroleum Geologist with over forty years of experience in the petroleum industry, with MSc and Doctorate degrees from the Imperial College of Science Technology, University of London. His firm owns 100% stake and operatorship of the Omerelu Farm Out Area in 2014 from the NNPC/Chevron (JV) with the NDPR granting NDEP an equitable interest in the reservoir. His company NDEP wholly operates a mini refinery at Ogbele with a current slated capacity of 1,000bpd generating revenues of US1m per month. The company was the first private refinery in Nigeria to receive an operating licence by the Federal Government and has the sole right to sell surplus diesel fuel to the local market. http://ngdelta.com/our-business/downstream/ ; http://www.thisdaylive.com/articles/niger-delta-exploration-to-raise-450m-through-public-offer/189330/ Dr. Jude Amaefule is Chairman/CEO and Co-Founder of Emerald Energy Resources Exploration (Nig.) Limited, and holds a BSc (Honours); M.Sc. & PhD degrees in Petroleum Engineering from the University of Southern California in Los Angeles. His firm owns the 1,400 square kilometer OPL 229 block (Now OML 141). So for every company with a non-technical person you touted heading an oil firm, you have several others with a technical background in different oil & gas companies, as CEO. Some of them are even geologists, whose technical backgrounds share a lot of similarities with petroleum engineering. In some schools abroad, engineering ( i.e Petroleum Engineering) has a number of geology courses embedded in it, (i.e. Petroleum Geoscience) with the unique combination being taught as part of a Reservoir Evaluation and Management programme. You can choose to split hairs over this. You can also continue to wave your so-called 'talent pool' flag. That's your call. Am done with you. Continue to wallow in ignorance. ![]() |
james1:Why does the owner want a year and a half rent? Why not just 1 year? Or even 2 years to make it a round figure? What is the story? |
oparahchi:How much is it going for, please? ![]() |
mapet:Again, you are still arguing blindly. You have not provided any statistics to support your position and you are sitting behind your keyboard to allege that "bit-part stats, skewed to fit your position is not subjective... " You are even demanding for a ' sensitivity analysis . I had to laugh when I read this one. Your response is totally childish. Data can be obtained from a variety of sources. Bring your own data to the fore, and we would ask all readers on this thread to conduct a comparison analysis. You want to use the issue of a minority like the Sunmonu case, to show that this is a norm in the oil & gas industry, when data available clearly proves otherwise. ![]() You also claimed in an earlier post that " We have shown a substantial case of IOCs in Nigeria run by non engineers. " Huh?? How? Is the Sunmonu example, (i.e. a solo case) what you termed as substantial?? Fact: 21 out of the 26 top oil & gas organisations in the world are run by people with an engineering background. Why are you so afraid to accept this fact? I didn't make it up. It is there online for anyone who wants to run a check on it! Your 4th comment was filled with HR double-speak. I hear a lot of such concepts being bandied about by human resource practitioners and talent management support staff trying to justify their salaries. Before any one can be labelled a HIPO, he must have excelled in his job. If he was admitted into the company in a technical role, wouldn't an engineering background have played a part in his selection? Even in his continuous performance on that technical role, wouldn't he have to deal with a variety of concepts and equipment that place a demand on his technical skill and training? If he finally excels in the role, then wouldn't his engineering training have played a role in providing him with the requisite skills and solutions to tackle the problem? In your 6th comment, you asked "but humor me; how's a high-level boardroom meeting session? ". Well, you have to attend one to find out. I have attended a few, to assist others in the role of taking the minutes, and trust me, nothing is hidden or too sacred for discussion at board room level, if it concerns the well-being of the company. ![]() Even if capital expenditure is budgeted for, there are a few sets of expenditure that is above the approval limit of the CEO & CFO and may need the board's approval, especially if such expenditure has to do with a regulatory matter. Am done with this thread. You are free to accept or disprove what has been written. Most of your responses just show you have a lot to learn about the way a well-structured oil & gas company works. |
mapet:1. Not having a degree in Engineering does not preclude you from having deep knowledge about your business. That scenario is applicable to that manager, because that his area of operations. If you extrapolate it to the top, what is required is holistic and trust me, leaders are deep. 2. Why do you think Buhari chose Kachikwu, despite having a choice of 4, of which at least 2 were engineers.....[/quote]You simply love arguing blindly. If your business covers the sale of healthcare services, furniture fabrication, hospitality services, fast food restaurants etc, surely you do not need an engineer to run the business and have a deep knowledge about it. But if you are talking about running a firm which is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and gas fuels, then as CEO, an engineering background is important to enable you understand every part of the business thoroughly. Leaders are only as good as the knowledge they have, and the way they have been able to deploy such knowledge to impact the bottom line, harness their operations seamlessly and add commercial value to their businesses. So stop saying leaders are deep. There are shallow leaders as well that have cost their companies a fortune and damaged the corporate reputation of their organisations, to boot! Answer this question: Are leaders born or are they made? ![]() mapet:3. First off, I did not say engineers have no commercial apptitude. 4. Any potential primed for leadership will go through the requisite learning and development, both technical and commercial[/quote]Thank God, you have finally agreed that technical knowledge and commercial skill is a prerequisite for potential leaders. Now we can draw a line and move on. mapet:5. What it tells me is more of their potential being fulfilled, engineers regardless. The previous and current Shell MDs in Nigeria are not Engineers, what does that tell you?[/quote]Your answer shows that you know very little about how a multinational works! Sunmonu is the MD of Shell Nigeria and not Shell International. He reports to a boss abroad, who is most likely a board member of Shell International. Decisions on the difficult nitty-gritty issues are most likely taken in consultation with his boss. Despite how great a performer he may be, he cannot implement decsions that fall outside the global Shell strategy and operations in Nigeria, even though he is the MD. Before Sunmonu came on board, you need to find out how many of his predecessors had an engineering background, before the board felt safe enough to make him the head of the Nigerian office. On Wikipedia, this was the comment made about Shell: The practice in Shell was that these businesses were essentially local and that they were best managed by local "operating companies" – often with middle and senior management reinforced by expatriates. mapet:6. Kachikwu's position in that event was Mobil's position. Even if his position is not pro-PIB, it has nothing to do with readiness for the job. The PIB in question is a controversial document that has been watered down. You do not expect private sectors to gobble it up when it doesn't favor them[/quote]I asked you this question earlier and I am going to ask you again, "is he a chameleon?" What makes you think he would suddenly change his mind on the PIB, now that he is GMD? When you provide a convincing answer then we can continue the conversation as your response about "it being Mobil's decision," is too watery for words. It is on record that Kachikwu has voiced out strong objections against the PIB at every public forum where it has come up for discussion. mapet:7. It's Capitalism Bro. We can hardly do anything about that.....[/quote]So you agree that Mobil's influence on Kachikwu through the old boy's network, will still see him dancing to their tune? ![]() mapet:8. ... Trust me, Shell had been doing "practically what they wanted" before Diezani got there......[/quote]So why didn't Diezani curb their excesses?? Was she put there to encourage Shell to continue doing whatever they wanted? |
governoragweven:You got that right. ![]() |
mapet:There is nothing subjective about the use of statistics in my post. Stop reading things that are not there into it. I am not asserting anything. Am stating facts.Every year, the list of the top 25 - 30 oil and gas companies in terms of revenue, size and oil reserves is published by Forbes, Fortune 500 and other respected industry journals. A list of their ranking is also freely available on Wikipedia. So the companies profiled in my previous post were taken from this list and credit was duly given. All the sources had the names of the chief executives of the oil and gas firms and short profiles on their background can be easily found on the internet. ![]() So what was subjective about what I wrote? Yes, these engineers took business-related courses but their background in engineering definitely had a bearing on their performance and helped them to get into the leadership pool as well. It was a major factor. ![]() And it is not by accident or coincidence that 21 out of the top 26 chief executives of the world's largest oil and gas companies in the world, are engineers! Facts don't lie. And you have obviously never attended a high-level boardroom meeting or taken minutes at one. ![]() Anything that affects the well being of the company and has the capacity to disrupt its operations, market dominance, financial revenue, sales projections, access to capital, new projects, mergers, acquisitions, alliances, or breach regulatory guidelines etc. is discussed. If the need to purchase or upgrade the operations of a gas turbine that costs millions of dollars to install or repair, is taken to the board for approval, won't it be discussed?? ! Especially if it could affect the operations of the company? |
mapet:(sigh!) You really need to free your mind! Running a company entails taking a series of decisions along the line, about issues that affect the well-being of that company as well as its daily operations! Now if you are not knowledgeable about such operations, you would be liable to take the wrong decision if an issue suddenly comes up or take too long in making the right one, as you would have to rely on the expertise of others that are way different from yours! ![]() That was what the story about the gas turbines was meant to illustrate. Despite what you think, there are several other engineers that successfully made the transition from pure technical disciplines into the boardroom, as they took business courses along the line and developed a commercial orientation during years spent in different divisions of the company. So they definitely got into the leadership pool. How do you think all those chief executives with engineering backgrounds, got to become MDs of their respective oil and gas companies?? ![]() In fact, if you look at the top 26 oil companies in the world by size and revenue, only 4 of them have non-engineers at the helm! What does that tell you? Do you think it is just by chance that those engineers got there? I hope you realise that there are Sales Engineers too, who are just as concerned about the bottom line as accountants! ![]() Kachikwu's position on PIB has been well known over the years, even it has been nurtured by Mobil's stand. Do you suddenly think he would jettison all those beliefs overnight, simply because he has become GMD of NNPC? Think man, think! Is he a chameleon??! Many of these professionals who have worked with multinationals for many years, still bear allegiance to them and their 'old boy network'. Under Diezani, Shell International was given a free hand to do practically what they wanted because of the influence they still had with her. ![]() |
profosa:The current CEO of Aramco is NOT Abdullah S. Jum'ah. It is Amin Al Nasser. He was appointed acting CEO/President in May 2015. And yes, he is an engineer! Nasser joined Saudi Aramco after graduating with a bachelor's degree in petroleum engineering from King Fahd University of Petroleum and Minerals in Dhahran in 1982. http://www.worldoil.com/news/2015/5/1/saudi-aramco-names-nasser-as-acting-president-ceo His predecessor was Khalid Al-Falih who was redeployed to become the Health Minister in Saudi Arabia. Falih too was an engineer. He attended Texas A&M University in College Station, earning a B.S. degree in mechanical engineering in 1982 and later pursued an MBA at King Fahd University of Petroleum and Minerals, which he completed in 1991. https://en.wikipedia.org/wiki/Khalid_A._Al-Falih |
mapet:Sunmonu's boss at the London office is still an engineer. And don't forget one thing - Shell has no refineries in Nigeria. |
TLU:Here is a short profile of Sijibomi Ogundele. His story is really inspiring. A classic rags-to-riches story of a young man whose story changed due to a chance encounter with a Japanese property tycoon, who took a chance on him by giving him a head start and an opportunity to prove himself, in the real estate market. He took lessons learnt from that encounter into the real world. Armed with determination and perseverance, he worked his a.rse off selling homes developed by his Japanese mentor, to the rich and famous. Today, he is just as wealthy as his well-heeled clients. Sijibomi likes to live in his own world. But it is a world he created for himself through hard work and grit; and the determination not to be a failure. In his words, he chose to stay at the top because the bottom was crowded. His decision, however, was predicated on a trip he took to Japan some years back. |
asha80:Didn't you read the very first post that opened this thread, made by the OP?? ![]() |
melzabull:Why?? Abeg, park well. Go to another thread if you don't like what is being said here...! |
doctokwus:Bros, you talk am well. Abeg, where is that map of Biafra again?? Who took it?? Make una no let me vex, o! ![]() Last time I checked, it included Igbanke, Anioma, Ogba, Etche, Ekpeye and Ikwerre! Hehehe..... ![]() |
qualified:Is Ibe or Kachikwu not an Igbo name? Why do you want to spread confusion, nwoke'm ? |
wadetaw202:Guy, take it easy. Cursing and railing at others does not solve anything. All sides lost people in the war. Both the federal side and the Biafrans. There are families in different parts of Nigeria that still grieve for their lost ones that went to war, and never came back. People were conscripted forcefully on the streets in the North and South, to join the war effort. Wailing won't bring them back. We can only pray that their souls find peace. ![]() As for the comment you made up there, it was Ojukwu who ordered his soldiers to loot the Central Bank of Benin. Read the excerpt here: Change of Currency |
madridguy:Here is another version that states who gave the order during the massacre. The man confessed live and direct, that it was him. There was no mention of an Ibrahim Taiwo anywhere. No regrets for the Asaba massacre of Igbo -Haruna (Wednesday 10th October, 2001)Now am confused because I don't know which version to believe again. Was it Murtala Muhammed, or Ibrahim Haruna or this new guy - Ibrahim Taiwo? ![]() |
melzabull:Yet your parents and grand-parents lived in that 'cursed contraption.' ![]() |
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When I was complaining on Nairaland about the NHIS Scheme and the way it was run, several months ago, some people went up in arms on one thread and wanted to launch e-fisticuffs in my direction. 





