Business
Pan Ocean Oil Corp Rebrands Identity
Pan Ocean Oil Corporation, a leading indigeous oil and gas company says the unveiling of its new corporate identity is the beginning of a new phase in the life of the company. De Festus Fadeyi, chairman of the company in his speech at the unveiling which took place last week at the companys corporate headquarters in Lagos, explained that the corporate identity is a simple expression of the company’s business history and the way it wants to go.
According to him, “this new identify is not just about the logo. Pan Ocean Oil is now at a point in its business where our board and management are convinced that based on the experiences of the last 36 years, we have come of age.”
He said that a lot of things are happening which has made the company want to redefine its business. “The space we occupy in the energy sector, for example, you properly know that Pan Ocean is the only indigenous oil company that has joint venture partnership with the Nigerian National Petroleum Corporation (NNPC) as at today. Pan Ocean is also the only indigenous oil company that has joint venture and a production sharing contract.
This company is also a leader in gas, you are probably aware that pan Ocean is building a gas plant that will contribute about 230 million standard cubic feet of gas per day, we envisage that the plant would be inaugurated in the next couple of months. It is more than 95 per cent complete now.
“So in readiness for the new phase of the company’s history, the board decided that from the richness of the experience of the past, there is a need to get ready for the future.
“So in readiness for the new phase of the company’s history, the board decided that it is mature, for forward looking.”
The new identity is a fusion of the old principles on which the company was built and the experiences it garnered in its 36 years of existence.
He pointed out, “the principles on which Pan Ocean Oil Corporation were built have not changed and so the foundation of the identify, the ‘P’ and the expressive red colour only deepened as a reflection of the wisdom Pan Ocean has acquired over the years.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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