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Oil Majors Reposition Management for New Energy Order as Shell Appoints Female Managing Director

.,………by Jenifer Dike……….
As the oil majors streamline their operations globally in order to embark on energy transition they are as well repositioning their management staff so as to drive the new energy order.
Recently Chevron Corporation named Jeff Gustavson president, Chevron New Energies, effective today, August 2, 2021. Gustavson Chevron said will serve as a corporate officer and report to Chevron Chairman and CEO Michael Wirth.

Gustavson, 49, will lead a new, dedicated organization focused on low carbon business prospects that have the potential to scale.

Chevron New Energies’ initial focus will include commercialization opportunities in hydrogen, carbon capture, and offsets and support of ongoing growth in biofuels. The company said additional detail about these efforts will be provided on September 14th during the company’s Energy Transition Spotlight investor presentation.

“Chevron New Energies reflects our higher returns, lower carbon strategy. We believe the dedication of resources in a new organization will accelerate growth in multiple business lines that we i to be part of a lower carbon energy system” Wirth said.

Gustavson is currently vice president of Chevron North America Exploration & Production Company and oversees its Mid-Continent Business Unit. He previously served as president of Chevron Canada Limited, and has held positions in Investor Relations, Corporate Strategic Planning, Finance, Mergers & Acquisitions, and Supply & Trading.

Now another World energy giant, Shell, has named Elohor Aiboni as the Managing Director of its Nigeria deep-water business, Shell Nigeria Exploration and Production Company Limited (SNEPCo) with effect from 1st August 2021.

Elohor is the first female to lead a Shell exploration company in the over 60 years of Shell’s operations in Nigeria. She succeeds Bayo Ojulari who retired on 31st July 2021 after five years as SNEPCo’s MD and over 30 years of service in the Shell group.

Until this appointment, Elohor was the Bonga Asset Manager responsible for overseeing end-to-end production delivery for Nigeria’s pioneer deep-water Floating Production, Storage and Offloading (FPSO) vessel, Bonga, an offshore asset that has produced over 900 million barrels of oil since it began operations in 2005.

“Elohor’s appointment is a product of diligence, competence and commitment to the Shell ideals and core values amidst our strong focus on diversity and inclusion,” Shell’s Senior Vice President for Nigeria, Marno de Jong, said, adding: “We take pride in our intention of being one of the most diverse and inclusive organisations in the world, and focus on further improving inclusion and representation in critical areas including gender.”

Elohor joins over 300 women in senior leadership positions in the Shell Group representing more than 31 percent of executive positions in the leading global energy company.

Her 19-year career in Shell has seen her move from a field engineer to several roles in production operations; project and asset management; operations readiness and assurance. She was at a time the Business Adviser to the Executive Vice President for Shell Sub-Saharan Africa, and had also managed third-party interface across several Shell assets in Nigeria and Kazakhstan.

Prior to her role as Bonga Asset Manager, Elohor led production delivery for shallow offshore as Asset Manager for Sea Eagle FPSO in Nigeria’s Niger Delta.

Elohor holds a master’s degree in Integrated Environmental Management from the University of Bath, UK and a bachelor’s degree in Chemical Engineering from University of Benin, Nigeria.

She is passionate about developing talent and leads a diverse team that strive to simplify work processes and pursue continuous improvement. Her leadership of the Bonga team has seen the Asset receive numerous awards, including the CEO HSSE Awards, Upstream Impact Award, and the Asset of the Year Runner up in 2019, in the Shell Group.

Her interests include watching football, lawn tennis, listening to soothing music and travelling.

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