Dear emerging oil-and-gas industry leaders,

What if you could develop your career in the oil-and-gas industry and become a manager or, so to say, a leader of tomorrow? How much more would you achieve? What opportunities would you seize?

What if you could be rewarded greater recognition, status, and power in your company? What if you could be rewarded with a larger office, a higher title and a raise?

How much fun would you have in making a greater contribution to your organization and the industry?

The hard truth is that the oil and gas industry is huge so it can be hard to understand which skills are crucial for your oil-and-gas career advancement.

To help students develop their careers as well as help working professionals prepare for a leadership career in the oil and gas industry, I interviewed industry experts who have worked in different parts of the industry about skills that are crucial for career success.

These insights help you get the biggest improvement in your career and in the process, you will have more fun by making a greater contribution to your company or the industry at large.

Here are key employability skills for future oil-and-gas industry leaders:

Broad Knowledge of the Oil-and-Gas Industry

Technical competence is not enough. To embrace leadership roles, you need to take time to understand unique characteristics, issues and trends of the oil-and-gas sector.

You need to understand finance, technology and regulatory issues affecting the industry and how to inspire and motivate others.

As one executive put it, “Technical competence can be a barrier to leadership career for two reasons: first being technical competence does not automatically ensure leadership competence (I have seen a capable employee promoted into a leadership position but he failed as a leader); second, leaders with technical expertise may have a difficult time letting go of their technical expertise (I have seen leaders continue to spend time on the aspect of their technical responsibilities that they should delegate).”

Digital Knowledge and Skills

To flourish – or even survive in this digital world – professionals should look beyond the traditional and conventional way of doing things, i.e. business as usual. The innovative application of technology in the industry, such as in mobile-based apps or online-based learning, has been proven successful in staying afloat in this industry.

Soon, I foresee that the oil and gas industry will change rapidly in terms of how exploration and production are being conducted. For example, the usage of Artificial Intelligence in conducting seismic survey and implementation of Machine/Deep Learning in seismic data processing and interpretation. This requires a high level of competency in digital knowledge; thus, if young professionals do not take a step forward, they will lag behind.

Leadership Skills and Self-Management Skills

Professionals must demonstrate management and leadership skills. According to research, many professionals in the industry lack leadership skills, which reflects in their lack of innovation, unwillingness to change and lack of long-term strategic planning.

Dr Abdul Halim Abdul Latiff, Head of Centre for Subsurface Imaging at the University of Technology PETRONAS in Malaysia, told me that “the top three skills needed for any oil-and-gas company are complex problem-solving skills, critical thinking and creativity. In addition, as we move towards Industrial Revolution 4.0, the university needs to put more emphasis on other soft skillset such as collaboration (communication and teamwork), decision-making and adaptation to technological changes. These skills are important to drive the industry towards the new era of oil and gas.”

Furthermore, employers need self-management skills such as punctuality and time management.

What’s Next?

The good news is that management opportunities open up for skilled professionals with broad industry knowledge and the ability to think strategically.

Technical expertise is not enough.

Becoming a leader means understanding the various aspects of the oil-and-gas business, the competitive land scope and the operating environment.

Hello all.

Happy Friday and welcome to the top energy pick of the week. Your weekly look into the industry trends projects key development in East African oil and gas industry

My strongest recommendation to you is that, remain safe, wash your hands and be positive, the industry and our families will emerge stronger from this downtime .

Let’s dive into this week’s content

Oil Market Begin to Improve Following a Months of Historic Lows- IEA

According to the International Energy Agency(IEA), one of the leading energy agencies in the world, the oil market is recovering gradually from the latest low emerge from the impact of novel coronavirus and oil price war between the major oil-producing countries.

Why the oil market shows a sign of recovery? Because demand for oil depends largely on transportation. Think about the need for transportation, airline truck companies, commercial and industrial sector users. As the countries gradually reopen airports means airlines improve flights. and truck companies put more trucks on the road, the demand for oil increases.

Furthermore, with people getting back to work means truck companies put more trucks on the road. And industrial and commercial users of oil increase their spending. Which in turn raises the demand for oil.

Aminex Inches Forward in Farm-Out- Energy Voice

For those of you that might be new to the London based independent exploration and production company, Aminex story here is a quick re-cap.

In March 2020, the company announced that has received the Mtwara Exploration Licence. As part of the ongoing process to obtain Tanzanian Government approval.

So, Tax Clearance Certificate from Tanzania Revenue Authority (TRA) and the Minister’s approval were the only remaining conditions for completion of the Farm-Out.

On 19 May 2020, Aminex reported that it has received Tax clearance Certificate which is a legal requirement to enable the Ministry of Energy to approve the Farm-Out.

Robert Ambrose, Chief Executive of Aminex commented:

 “This is a major milestone. With the receipt of the Tax Clearance Certificate from the TRA and with the onward submission to the TPDC, Aminex has now accomplished all of the conditions within our control in order to complete the Ruvuma Farm-Out.”

Read full article

Total Secures $14.4 Billion Funding For Mozambique LNG project- Reuter

Aminex has identified a profitable asset. The company has now submitted the tax clearance to the state-owned national oil company, Tanzania Petroleum Development Corporation (TPDC) to be forwarded to the Ministry of Energy. And with strong financial and technical input from ARA petroleum. It is clear that you are going to see Aminex is developing and commercializing Ruvuma project into the next trillion cubic feet(TCF) of gas

And Eni-Exxon Mobil-led 15.2 MTPA Rovuma LNG projects are expected to reach FID early 2020.

The article notes that “French energy major Total has secured $14.4 billion funding for its Mozambique liquefied natural gas project in Mozambique”

Total-operated Mozambique’s 12.88 million tonnes per annum (MPTA) LNG project reached FID on June 18, 2019. And production is planned to start 2024.

In September 2019, Total acquire Anadarako’s 26.5 % interest in the Mozambique LNG project for $3.9 billion. Give it a read.

Dear Oil and Gas Professionals

What if you could develop your career in oil and gas and become a manager or a leader in your organization. What if you will be rewarded greater recognition, status, and power in your company? What if you will be rewarded a larger office, a higher title, and a raise?

 How much fun would you have in making a greater contribution to your organization? 

Imagine having the perspective of the CEO of an international oil company, or the Director-General of a National Oil Company: how much more could you achieve, what opportunities could you seize?

The simple truth is that management opportunities open up for skilled professionals with broad industry knowledge and the ability to think strategically.

Technical expertise is not enough: to become a leader means understanding the geopolitics, the technology, the finance, the many different stakeholders – as well as knowing how to get the best out of a team.

Developing Your Career to Become World-Class Professionals and Industry Leader

So What’s holding you back from developing your career in oil and gas? A successful career in oil and gas depends on a thorough understanding of the industry’s complexities. 

Introducing……

                    The 3 Day MBA in Oil and Gas

To help talented individuals like you develop their career in oil and gas .We are introducing 3 days MBA in oil and gas training programs. You will benefit from an intensive, challenging and in-depth course on the upstream oil and gas business that gives you real insight into how the industry works?

Join this well-established programme to understand the strategic dynamics of the industry and take your career to another level. We developed this highly-rated course to meet the need for a fast, but comprehensive overview of the upstream industry, to help prepare executives moving from a technical role into a more general management role. It’s a practical and interactive programme, with limited technical content and extensive use of case studies and exercises.

  Delegates Will

Have greater impact in dealing with senior executives, colleagues and partners.

 • Improve their decision-making skills.

• Improve their ability to identify opportunities and create value for their firm.

• Understand the key dynamics shaping the petroleum business today.

• Understand the latest trends impacting the exploration and production value chain

. • Benefit from a network of new contacts within the industry

WHO SHOULD ATTEND

Managers and senior professionals aiming to take on leadership roles in the oil and gas industry will benefit from this course. As your career develops and you take on wider responsibilities, you will need a broader understanding of the industry’s complexities. Whether you are in an NOC, IOC or working for a service company or professional adviser, this programme will give you a perspective that is hard to get amongst day-to-day pressures, but is vital to long term success

BOOKING

2 easy ways to book:

1. Call us – Tel: +255655376543

2. . Email us: hussein.boffu@tanzaniapetroleum.comToggle panel: Disable Wpdevart facebook comment

With the latest low oil price emerging from the impact of coronavirus pandemic and oil price war between major oil-producing countries, only those who are flexible will emerge stronger.

But survival in the oil-and-gas business means embracing change: changing things that are in your control and implement useful strategies quickly.

In periods (like this) when oil sells for a lower price in the global market (compared to the previous years), issues and opportunities will still exist.

With the low oil price expected to last until 2021 or 2022, the oil-and-gas industry should change the way it operates.

This uncertain market condition is the time to obtain the required approvals with the view to starting drilling or even production when the market springs back to life.

Realistically, tough market situations present the best tangible and visible opportunities.

Take, for example, imagine a company that implements smart strategies during the periods of low oil price. Precisely, a company that targets assets which remain profitable during those periods but are likely to exceed the investor’s expectation when the oil price goes up in the global market.

UK-based Aminex Oil and Gas Production and Development Company it is.

If Aminex was a person, its nickname would be “The Survivor” for its ability to sustain itself during uncertain market conditions and remain active in Tanzania despite the global industry crash from 2014 to 2016, and its ability to continue pushing its Tanzania’s project despite the current oil market condition.

Last year, the completing the Farm-Out remained a primary focus of the company. The company submitted the 2020 Work Programmes and Budgets for all licences to the Tanzanian authorities for approval.

In May 2019, the company announced that it has received the long-awaited extension of the Mtwara Exploration Licence. This is a giant milestone for the team at Aminex.

The company also signed a farm-out deal with Zubair Corporation’s associate, Ara Petroleum Tanzania Limited.

The company will not only benefit from financial input but also from the experience of personnel of Ara Petroleum Tanzania Limited.

With the growing power demand in Tanzania, the presence of the Chikumbi-1 drilling project means additional gas supply to the region.

The Drilling of the Eagerly-Awaited Chikumbi-1 Well

While oil-and-gas companies love talking about seismic wireline logging, aeromagnetic surveys and all other boring stuff, investors love to see drilling.

My analysis is that, step-by-step, day-by-day, Aminex is moving closer to the drilling event and becoming another gas producer in Tanzania meeting the ever-growing demand in the region.

We hope to witness Aminex and Ara Petroleum announce the drilling programs of Chikumbi-1 well as the company continues to remain active in Tanzania despite the global oil-and-gas industry downturn.

And who knows? Hopefully, my next publication will be “Aminex and Ara Petroleum hit significant gas reserves in Tanzania.” It would be great for all participants in the oil-and-gas sector.