Kenneth Yellowe: A look at Nigeria's long-awaited Petroleum Industry Bill

This Kenneth Yellowe blog entry will talk about Nigeria’s upcoming Petroleum Industry Bill and how it can change the petroleum industry in the country.

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For five years, licensing rounds, contract renewals, and investments in Nigeria’s oil production scene have been halted. This is in line with the country’s upcoming Petroleum Industry Bill (PIB), which is meant to change everything from fiscal terms to overhauling the Nigerian National Petroleum Corporation (NNPC). And just last month, a new draft of the PIB comes close to completion, potentially concluding the period of uncertainty that has blocked billions of dollars of investment in Nigeria.

Global Energy Group’s first processing plant is located in Nigeria. The firm was founded by Kenneth Yellowe, who also serves as its chief executive officer.

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The latest draft proposes changes that will improve transparency in the industry such as the revelation of royalty payments. It also proposes that the profit taxes from oil companies become included in the public domain.

Controversy is not far from the copy, though, as other transparency provisions have been stripped off from it. It does not require disclosure of oil sales, of other taxes like income and hydrocarbon tax, or the payments received by the government from oil firms. This became an issue to the public because they believe that openness on such subjects is important to clean up the country’s energy sector.

Even with these kinds of debates and arguments, many still hope that if the PIB is passed, the Nigerian oil industry will be strengthened once again.

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For additional information about Kenneth Yellowe, visit this Twitter page.

Kenneth Yellowe: The importance of self-regulation in the Nigerian oil industry

To help curtail environmental damage and protect the rights of the local communities, companies must not only follow government regulations but also employ self-regulation among themselves. Kenneth Yellowe and many other industrialists in Nigeria’s oil producing regions are no exception. Self-regulation can help reduce the environmental impact of the company’s operations and increase benefits received by nearby communities through employment and livelihood projects.

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Self-regulation or self-policing is the regulatory actions done by an organization to comply and adhere to its own legal, ethical, and safety standards. This system has many advantages over external regulations, among them giving the company a responsible public image by holding itself accountable for its actions and taking action on its own terms. This is important as it benefits not only the company but also the people holding them responsible.

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Such action includes the livelihood and educational programmes sponsored by Kenneth Yellowe’s company, Global Energy Group. The company, which runs the first indigenously owned and operated petroleum processing plants in the country, incorporates these to help the local communities educate their younger generations, who would hopefully become part of the workforce for Nigeria’s growing petroleum industry.


It falls upon the companies to provide development aid for the local communities not only through employment but also through livelihood and education. This act of corporate integrity ensures continued development and progress for the region that would benefit not only the communities but also the companies themselves.

Kenneth Yellowe Photo Credit: gegroup.com

More information on Kenneth Yellowe can be accessed on Twitter.

Kenneth Yellowe: A discussion on oil production in West Africa

Among the countries with an expanding oil and gas industry is Nigeria; today, the industry is the largest in the country. Petroleum companies such as Kenneth Yellowe’s Global Energy Group are a major employer. For the developing nations of West Africa, Nigeria in particular, the oil industry provides both a boon and a challenge; Nigeria alone faces many hurdles that it needs to address to bring the oil wealth to more people.

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Elsewhere in Africa’s west coast, countries have yet to fully tap the potential of proven viable reserves. The oil industry in nearby Ghana is still in a fledgling state. While Ghana has yet to fully exploit its large oil reserves, firms from both the country and abroad are working to improve the oil infrastructure in the country.

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Kenneth Yellowe, the founder and CEO of Global Energy Group, gives back to the people of Nigeria through providing employment opportunities.

It falls upon the governments, the people, and the oil companies to distribute the oil wealth fairly to bring prosperity to the oil-rich nations of West Africa. It falls upon the oil companies like Global Energy Group to provide more employment opportunities for the people and to address environmental concerns that would potentially affect these countries’ other natural resources.

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For more information on the developments on the oil industry in countries like Nigeria, follow Kenneth Yellowe on Twitter.

Kenneth Yellowe: Raising environmental awareness in Nigeria

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The environment is an important determinant that describes the life of the people who reside in it. For this reason, Kenneth Yellowe, as founder, owner, and CEO of Global Energy Group (GEG), strives hard not only in preserving Nigeria’s natural treasures but also in educating Nigerians about the environmental problems they face.

Other than giving Nigerians jobs through his oil and gas production company, Yellowe also helps the citizens through teaching them how to maintain a healthy environment. For one, he, together with the team of experts that compose GEG, holds livelihood programs that educate families about the environment-friendly ways to earn money.

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Yellowe does this as he believes that without adequate awareness on environmental issues, long-term consequences can and will happen to Nigeria. These consequences include environmental deterioration, degradation, and incessant off-setting of the ecological balance, which all result to tragedies for humans.

Kenneth Yellowe believes that every Nigerian has an important role to take in the crusade for environmental preservation. He aspires to reach more people so that less will be victimized by the natural calamities that hit Nigeria, including gully erosions and flooding.

An environment where both Nigerians and GEG can complement each other’s growth—this is what Yellowe aims for. And this is why he makes sure that what he does in his company does not endanger Nigeria’s natural riches in any way.

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For additional information about Nigeria and Global Energy Group, visit Kenneth Yellowe’s Twitter page.

Kenneth Yellowe: Pioneering change in Nigeria

Kenneth Yellowe is known for his pioneering efforts in the petroleum and other energy source sectors, for setting up the first indigenous-owned oil processing plant in Nigeria. However, it is less known that in his endeavor to make Nigeria an international resource for oil and petroleum products, he has also made significant changes in the lives of many people in Nigeria’s communities.

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The undertaking was a challenge at first; however, through the efforts of several industry experts – consultants, technicians, workers, and engineers – Yellowe and his team managed to set up oil rigs that were customized to the country’s climate.

Meanwhile, the communities of Nigeria have Kenneth Yellowe to thank for generating jobs and income as the oil processing plant hires local workers. In fact, the company is currently one of the top employers in the country and millions of families are experiencing an improvement in the quality of their lives because of the opportunities brought by the presence of the plant.

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In addition to this, the company also provides avenues for education and training for the community’s youth and for livelihood programs for its older members.

Furthermore, it also keeps its workers up to date with industry standards as it keeps abreast with technology, and boosts its employees’ skills and competence as it strives to provide the best quality in service and products to its customers.

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For more information on Kenneth Yellowe’s endeavors in Nigeria, follow him on Twitter.