Oil & Gas

Every day, billions of companies and individuals use oil and gas to commute, work, and heat homes and offices. We buy and sell this oil and gas around the world. Our teams work to maximise the value of our products, secure supply to our refineries and transport energy to consumer hubs, while managing the risks related to fluctuating prices and shipping.

Oil and gas: Complex markets

We aim to deliver the right amount of oil and gas to the right place, at the right time and at the right price.

Every day, our teams face two main challenges:

• Markets: In an increasingly complex and fast-paced environment, our teams work in real time to manage risks stemming from market volatility, which reflects a number of economic, geopolitical and weather-related factors.

• Logistics: Every day, our teams around the world meet the challenge of transporting oil and gas from producing regions to consumer hubs – often across long distances – under the best safety conditions, on time and at the best price.

Oil

We currently outsource, facilitate and market the following Light Crude Oil from Nigeria:

Forcados Light Crude Oil

Bonny Light Crude Oil

Aqual Light Crude Oil

The currently utilised delivery methods / INCOTERMS are TTT, TTO and CIF.

Whats is TTT: Tanker to Tanker Transhipment

Whats is TTO: Tanker Take Over

Whats is CIF: Cost, Insurance & Freight

Transhipment / Take Over Spot: International Waters

In some cases, Authority to Sell ATS can be issued only to verified buyers. However, it is expedient that our delivery terms, pricing and procedure are well perused and accepted before any proper negotiation can commence. This is consequential to avoid wasting of valuable tim. Our mode of operations requires mandate or end buyer to send acknowledgement of acceptance our procedure to us via either email or fax.

GAS

We are pioneers in trading Liquefied Natural Gas (LNG)

we were one of the first companies to have seized the opportunities presented by this emerging market, as our first transactions took place in 2001.

In line with our strategy, we work to prepare the launch of new products and to maximise the value of our LNG portfolio in every market. LNG trading relies on a broad range of skills including arbitrage, one of our primary areas of expertise. The purpose of arbitrage is to redirect shipments in response to opportunities created by local demand and prices while managing shipping, price, currency and interest rate risk.

We optimise and secure supply flows

Every day, our trading teams deal in oil and gas markets. Their main goal is to meet the Group’s needs by maximising the value of our production, supplying our refineries under the best market conditions and importing/exporting products to match supply to demand in local markets. Our risk management experts support them by limiting our exposure to particularly sharp price swings.

Our shipping teams organise the transport of oil and gas from producing regions to major consumer hubs. They select and charter the safest vessels to ensure that cargos are transported under the best safety conditions.