Hyde Energy Expands Portfolio Across Sub-Saharan Africa

Hyde Energy Expands Portfolio across Sub-Saharan Africa

Boss Mustapha calls for support to incoming administration Addressing the large audience at the State House, President Muhammadu Buhari gave an insight into what his administration had done for the energy industry in the past seven years plus. Before the present administration came into existence, the oil and gas industry was in the dark but it brought innovation and embarked on numerous projects to take the industry to desired level. The President who was represented by Boss Mustapha, Secretary to the Federal Government urged Nigerians to give the incoming administration all the needed support that will help move the nation’s energy sector forward since the administration has given the green light and roadmap. He stated that Nigeria International Energy Summit, (N.I.E.S) which was a brain child of the administration has gathered leaders of thoughts and executives of leading Oil and Gas sector to deliberate on the theme: ‘Global Perspectives for a Sustainable Energy Future’. It will be recalled that NIES was organized to bring stakeholders together to chat the way forward for the industry six years ago and it has maintained its stance contributing to the numerous achievements in the Nigerian oil and gas sector. There were goodwill messages from leaders in the oil and gas industry and the top players in the energy industry and leaders of government agencies, such as Abdul-razaq Isa, of the Independent Petroleum Producers Group (IPPG), Rick Kennedy, Managing Director of Chevron Nigeria Limited and Chairman of Oil Producing Trade Section (OPTS), Omar Farouk Ibrahim, Secretary General, Africa Petroleum Producers’ Organization, (APPO), Ambassador Gabriel Aduda, Permanent Secretary, Ministry of Petroleum Resources, Simbi Wabote, Executive Secretary, NCDMB among other dignitaries. There was a panel session that was led by Ifeoma Finnih where issues bothering on the industry were discussed by the panelists proffering solutions to gray areas. This was followed by an award night ceremony and outstanding personalities in the industry were awarded for their contributions.

– By Jerome Onoja Okojokwu-Idu

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Hyde Energy Expands Portfolio across Sub-Saharan Africa, Restates Commitment to Quality Products

Nigeria’s leading indigenous energy trading company, Hyde Energy Limited has restated its commitment to quality products within its growing portfolio across Sub-Saharan Africa at a media briefing held at its corporate office in Lagos.

Reflecting on its achievements after a decade of excellent service delivery to its customers, the global energy trading company with a downstream network has continued to develop along the value chain with strategic upstream, midstream, and downstream assets central to its objective of building a long-term future in the global energy and commodities marketplace.

Chief Executive and founder of Hyde Energy, Olademeji Edwards

Speaking to the journalists, the Chief Executive of Hyde Energy, Oladimeji Edwards, said, “we are pleased and proud of our growth and achievement at Hyde Energy. Last year, we marked a decade of operating a business in Nigeria. Despite all the challenges, this is a great feat for us, and we are true to our commitment to excellence in decades to come.”

“Over the years, we have developed a strong footprint in Nigeria’s midstream and downstream oil industry. We have grown our client base and transaction volumes, explored opportunities in the oil and gas value chain, developed additional distribution channels for moving our products to the end user, diversified product offerings, expanded our market share in the supply and distribution of petroleum products, strengthened our footprint in the international commodities market, and created partnerships to strengthen indigenous participation in the Nigerian Oil & Gas sector”.

Furthermore, Edwards spoke on how Hyde Energy has also expanded to delivering value to customers outside Nigeria. “We see our business’s future growth in our Lubricants business and Liquefied Petroleum Gas (LPG). We have expanded our Lubricants and other quality products that meet the needs of consumers across Sub-Saharan Africa.

Our retail stations, though still expanding, have grown in Lagos, Calabar and Abuja. There has also been an expansion of our LPG from our first outlets in Lagos and a subsequent one in Abuja; we are now commissioning in Makurdi and eight other outlets across the country in the North and Southwest. Currently, our primary focus is to ensure that we get the gas resources to run through our distribution network and keep that network running to meet the growing demands in every neighborhood.

“There is a lot of work to be done and we are working with industry experts to ensure that our products and services meet the highest standards of quality and excellence. A rebranding of our Lubricants is currently in process, and we will announce this in due course,” he concluded.

Hyde Energy, established in 2012, has expanded its business portfolio into crude oil, reﬁned oil products, LPG, and dry bulk commodities. It has also grown its reach in Lagos, Abuja, Makurdi, Port Harcourt, Mauritius, London, and Malta. The company has also recently acquired a lubricant blending plant, LPG Bridgers, and Bobtails in addition to its 38-million-litre tank farm in Nigeria and other bulk storage facilities.

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