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Lee Engineer International Machinery Services Ltd., an equipment manufacturing center, will be inaugurated Government in the first quarter of 2023 to boost oil and gas production
Dr. Leemon Ikpea, CEO of Lee Engineering and Construction Company Ltd., said this at a press conference in Abuja on Friday.
Ikpea said that the factory would take care of Buhari.
The Nigerian News Agency reports that the facility is an arm of Lee Engineering Group, a leading indigenous oil, gas and power services company, in Nigeria.
Once completed, the facility would produce gas-specific heat exchangers, high-pressure vessels, scuppers and various other equipment used in the oil and gas industry and beyond.
Ikpea, who commended the Federal Government for enacting the Nigerian Oil and Gas Industry Content Development Act (NOGICD), noted that the company's 31 years of existence have been dedicated to serving the oil and gas industry. Nigerian gas.
He said that the implementation of the NOGICD went a step further in encouraging local manufacturing and workshop manufacturing to boost local content and curb importation.
Ikpea said the factory would have been started up this period to mark its 31st anniversary were it not for some technical problems.
Ikpea said that the problem would be solved in Europe.
“As soon as the issues are resolved, the factory will be commissioned in the first quarter of 2023.
“It is going to save money for the country as long as there is sponsorship, including Angola and Mozambique.
"We are also building a pier near the factory for export," he said.
He said that the Minister of Petroleum Resources, Chief Timipre Sylva and his counterpart in the Ministry of Trade and Investment, Otunba Adeniyi Adebayo, have already inspected the factory.
He said the project had also been overseen by the Content Development and Monitoring Board (NCDMB).
Ikpea, who pioneered the defense of local content, said the move would protect the interests of indigenous contractors.
"We have trained many Nigerians in various parts of the world to handle the equipment," he added.
According to him, foreign companies cannot transfer technology and knowledge to Nigerians, so he decided to develop the initiative to boost the process.
Ikpea said it took note of the role some Nigerians played in the construction while working with a UK-based company that specialized in building oil storage tanks in the 1980s during the construction of the Warri Refinery and Petrochemical Company. Ltd.
He said that the large structures were erected, the foreigners only brought their cranes, forklifts and other equipment that they supervised.
“The Nigerians were doing the main jobs, including welding, electricity and erections, while the foreigners supervised.
“Working with British and Italian companies exposed me to the fact that Nigerians are talented, hard-working and committed.
“From that experience, I was inspired to transfer knowledge to others,” he said.
He called on the government to strengthen and sustain the NCDMB to facilitate the growth of skills, technology and competition in the country.
Ikpea also called for a higher percentage of local content in the oil and gas industry to encourage more indigenous participation.
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Source Credit: NAN
Mr Simbi Wabote, Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB) has lauded the Minister of State for Petroleum Resources, Chief Timipre Sylva on the conferment of Commander of the Order of the Niger (CON) on him.
Wabote gave the commendation in a statement on Tuesday following the conferment of the honour on the minister by President Muhammadu Buhari.
He noted that Sylva, who was appointed in 2019, was fully deserving of the national honour, having worked tirelessly to change the Nigerian oil and gas landscape.
According to him, the minister has recorded several accomplishments, which had improved the economy of the nation.
He listed some of the achievements to include working with the National Assembly for the passage of the Petroleum Industry Bill (PIB).
Wabote said the bill was signed into law by President Muhammadu Buhari on Aug. 16, 2021, to become the Petroleum Industry Act (PIA) 2021.
He said it also included the initiation and launching of the Decade of Gas Initiative in 2020 and the National Gas Expansion Programme (NGEP), aimed at improving domestic LPG consumption and deepening the use of alternative fuels such as CNG for vehicular use.
He added that the NGEP promoted the use of cleaner and cheaper fuels and ensured that the impact of subsidy removal from Premium Motor Spirit (PMS) was minimal.
“Other achievements of the minister included improving the harmonised data reporting to Organisation of the Petroleum Exporting Countries (OPEC).
“Provision of comprehensive technical support for Nigeria’s representation at OPEC and ensuring that the Federal Government took the Final Investment Decision (FID) that led to the development of the 7 billion dollars NLNG Train 7 project.
“It Championed Africa’s position for a multi-dimensional approach to energy transition using gas as a transition fuel,” Wabote said.
He said Sylva also championed the removal of fuel subsidy so that the proceeds could be channeled towards national development and the rehabilitation of the three refineries in Nigeria: Port Harcourt, Warri and Kaduna.
Wabote listed other accomplishments of the minister to include pushing for the resuscitation of the Brass LNG project abandoned over 17 years ago by sourcing for new investors and launching the Nigerian Gas Transportation Network Code (NGTNC) programme.
He added that the minister conceived the Nigerian Gas Flare Commercialisation Programme (NGFCP) to support Nigeria’s effort to achieve zero routine flaring by taking gas at flare and auctioning same to third parties for commercialisation.
He also cr
NewsSourceCredit: NAN
Dr Adeleke Mamora, Minister of Science, Technology and Innovation (STI), has said the Energy Transition Plan of the Federal Government presents a unique opportunity for professional women to be at the forefront.
The Minister said this at the opening ceremony of the four-day 2022 National Conference and Annual General Meeting of the Association of Professional Women Engineers of Nigeria (APWEN) in Abuja on Tuesday.
According to the minister, energy transition is a unique opportunity for professional women to be at the forefront of decisions and development of low carbon energy sources toward zero emission.
Mamora said it was also an opportunity for women to identify opportunities and businesses across the energy sector in Africa.
He, however, noted that for the transition to be successful, reports had shown that over 18 million jobs needed to be created in order to ensure sustainability and inclusion.
The minister added that more women were needed to work in the renewable energy sector space.
He said when considering the future of the economy, solar energy, green hydrogen and other renewable forms of energy were identified as the fuel of the future towards securing economic stability.
While pledging collaboration with the APWEN to achieve the energy transition plan, Mamora called on stakeholders to take advantage of the policies of government on energy transition to drive sustainable development in the country.
“The interesting thing is that this energy transition cannot take place without STI and government cannot and does not have the capacity to do it alone, which is why partnership is key,’’ the minister said.
Tasiu Gidari-Wudil, President of the Nigerian Society of Engineers (NSE), defined energy transition as the global energy’s sector shift from fossil-based systems of energy production and consumption to renewable energy.
Wudil said fossil fuel based energy consists of oil, natural gas and coal while renewable energy are derived from sources such as wind and solar, as well as lithium-ion batteries.
Represented by Mrs Margaret Oguntala, Deputy President of the NSE, Wudil pointed out that energy transition is a crucial enabler of sustainable development as well as climate resilience.
“In return, it will create new jobs, stimulate growth and harvest social and health benefits.
“More so, the increasing penetration of renewable energy into the energy supply mix and the onset of electrification and improvements in energy storage are all key drivers of the energy transition,’’ he said.
The NSE president further said that the transition would come with its challenges arising from new technologies while also improving on existing ones.
Dr Elizabeth Eterigho, President of APWEN, said that the association, in its 39 years of existence, had inspired young girls into Science, Technology, Engineering and Mathematics (STEM) by sponsoring competitions and giving awards.
“This year 2022, we introduced a program tagged FunSTEM.
It is observed that STEM teaching in public schools, particularly in upper primary and junior secondary school has not been effective.
“For many children, just being in school does not mean that they are learning, which implies that these children are not developing the skills they need to successfully transit to become fulfilled in life.
“Girls deserve to access education that prepares them for the jobs of the future and to be ready and equipped to participate in the Fourth Industrial Revolution,’’ she said.
She also spoke about the aims, objectives, mission, vision, plans and various accomplishments of the association.
The APWEN president said the theme of the conference: “JUST Energy Transition: An Enabler for Sustainable Development in Nigeria” was apt; however, the transition of the energy sector would require significant investments.
A guest speaker, Simbi Wabote, Executive Secretary of the Nigerian Content Development and Monitoring Board(NCDMB), gave a presentation on: “JUST Energy Transition Strategy in Africa: An Enabler of Sustainable Development in Nigeria.
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Represented by Silas Ajimijaye, NCDMB’s Research and Statistics Manager, Wabote said in transition fuel, Nigeria is among the top 10 economies in hydrocarbon resources with 37 billion barrels reserves and 206 standard cubic foot gas.
He said with 145 Kilowatt hour energy consumption, Nigeria ranks 132 in global per capita energy consumption ranking.
“Before we transition, sufficiency is the platform.
We need the infrastructure, the frame work, the technology to generate enough energy for Nigeria,’’ Wabote said.
High point of the event was the conferment of “Unmatched Dedication Award” to the minister for his commitment and support for the APWEN.
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NewsSourceCredit: NAN
One thousand Cross River youths from the three senatorial districts on Monday received laptops and starter packs from the Nigerian Content Development and Monitoring Board (NCDMB) after a training programme.
The trainees are also expected to receive N120,000 as stipends, a shop each and registration of business names which were selected for the training in phone repairs, hardware, software and entrepreneurship development.
During the graduation ceremony of the trainees in Calabar, Mr Simbi Wabote, Executive Secretary, NCDMB said in the era of the fourth industrial revolution, mobile technology had become an indispensable tool.
He said that the telecommunication industry was one of the fastest growing in the nation and was contributing massively to the nation’s Gross Domestic Product (GDP).
“According to data from Nigeria Communications Commission and Nigeria Bureau of Statistics, Nigeria’s tele-density grew from 1.89 per cent in 2002 to 102.47 per cent in 2021.
“Similarly, Nigeria’s total subscription to the network now stands at 195 million while the number of android phone users now stands at 56 million,” he noted.
He appealed to the trainees to effectively use what they have learnt, adding that their involvement in the programme had the capacity to increase the GDP of the nation.
On his part, Mr Legor Idagbo, Chairman, Nigeria Content Development and Monitoring Committee in the House of Representatives, noted that similar programmes had earlier been held in Kano, Kaduna, Bauchi, Jigawa and Yobe states.
Idagbo, representing Bekwarra, Obudu and Obanliku Federal Constituency of Cross River, facilitated the initiative, saying the selection of the trainees was random and apolitical based on those that applied.
While reeling out the benefits of the programme for the trainees, he told them that the ball was in their courts, adding that they would only succeed by practising what they had been taught.
“It is the mindset that you have that will make you succeed; I want to challenge you to ensure that we see 50 to 60 per cent success from this training,” he said.
Similarly, Gov. Ben Ayade advised the beneficiaries to use the equipment they would be receiving to make their lives better while becoming entrepreneurs.
Represented by his deputy, Prof. Ivara Esu, the governor appealed to the beneficiaries not to sell what they have been given but use them to their betterment and that of the state.
“Use what you have been given well, don’t sell them, they are for your good.
“The state is giving you three years tax exemption, access to funds, different initiatives from the Federal Government and protection from multiple taxation,” he said.
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NewsSourceCredit: NAN
The Nigerian Content Development and Monitoring Board (NCDMB) has been adjudged the best among all Ministries, Departments and Agencies in the country in the latest Executive Order (EO1) performance ranking for Ease of Doing Business from January to June. The report is compiled by the Presidential Enabling Business Environment Council (PEBEC), under the office of the Vice President, Federal Republic of Nigeria. A statement posted on the board’s website on Wednesday said NCDMB came tops with 81.48 per cent, according to the report, released officially on Tuesday in Abuja. The statement said PEBEC was established in 2016 by President Muhammadu Buhari to address bottlenecks and bureaucratic constraints to executing business in Nigeria. According to the statement, the implication of this performance ranking shows that NCDMB has delivered service in a quality, efficient and effective manner in the past six months to its diverse stakeholders. It said over the years, the board had moved from the 27th position in 2019 to being the most improved MDA in the country and the third position in 2020, and presently the first in the country. Commenting on the report, the Executive Secretary of NCDMB, Mr Simbi Wabote explained that the “trend of the positions the board has been ranked shows the impressive level of work we have put into delivering quality service over the years. “With the right attitude, training, and support, we have achieved the number one spot. “We would not rest on our oars and we will continue to give our utmost best and commitment to delivering quality service to our stakeholders and also explore areas of improvement.” Wabote thanked the NCDMB’s employees for their efforts in accomplishing the target he had set in June 2021 when he signed the Board’s SERVICOM Service charter. He disclosed that the board signed Service Level Agreements (SLAs) with key stakeholders in the oil and gas sector to ensure promptness and effectiveness in the delivery of its statutory responsibilities. Wabote said: “At some point, we challenged the oil and gas industry that we have a 15-day rule that anything they send to us and they do not get a response within 15 days, they should assume that it has been approved. “Nobody has been able to take us to task on it because we meet the SLA that we signed.” NewsSourceCredit: NAN
USen. Teslim Folarin, the governorship candidate of the All Progressives Congress (APC) in Oyo State, says the vocational centre at the premier university, University of Ibadan (UI), will generate gainful employment for unemployed youths.
Folarin, representing Oyo Central in the National Assembly, said that the multi-billion naira centre, he facilitated for his Alma Mater, was entrusted in care of UI for proper and sustainable operations.
He urged the institution management to make the facility open for the usage of all categories of the state citizens to be adequately equipped for gainful employment.
The facility located along Shasa, Ajibode Road in Ibadan, was inaugurated by Chief Sharafadeen Alli, the Oyo South Senatorial District candidate of the party.
Folarin described the project as timely and a dream that come true in view of his passion to take youths out of the labour market.
“Today is one of my happiest days.
I am so happy, because l am fulfilled, having successfully facilitated, in practical terms, the establishment of this multi-billion naira hi-tech skills acquisition centre.
“This facility is intentionally and deliberately designed and constructed as a one-stop platform to train multitudes of Oyo State citizens in different skills across oil and gas and other sectors of the Nigerian economy.
“One of the burdens of leadership is to ensure that as a leader, one focusses on projects and programmes that are impactful and touches on the day-to-day lives of the people.
“Aside from insecurity, which has become a major nightmare in Oyo State, I am very passionate about ensuring that every citizen in Oyo State is gainfully employed and engaged in one occupation or the other.
“I am excited about the number of Oyo State citizens that will be equipped and eventually get employed as a result of this huge facility.
“I will also like to reiterate that my humble effort in this regard aligns with strong passion and commitment to a ‘Rescue Mission’ toward a prosperous Oyo State.
“My Rescue Mission has crystalised into action plans aimed at liberating Oyo State from the ongoing excruciating scourge of insecurity, high-level unemployment and dwindling fortunes in education and health.
“With a sense of urgency, the rescue mission shall reposition the state toward desirable growth and rapid progress in the areas of ICT, Agriculture, Governance, Environment, Urban Renewal, People living with disabilities.
“This project we are commissioning here today is within the context of my Rescue Mission.
“This is just the aroma, a tip of the iceberg of what to expect under my administration when l secure the mandate to govern Oyo State under my Rescue Mission.
“I charge all citizens of Oyo State to join hands with me in the task of rescuing Oyo State and repositioning it for greater Oyo State.
“I wish to thank specially the management and staff of NCDMB under the dynamic, hardworking and resourceful leadership of the Executive Secretary of NCDMB, Simbi Wabote.
Sen. Teslim Folarin (left), the Executive Secretary, Nigerian Local Content, Mr Simbi Wabote and the Vice-Chancellor, University of Ibadan, Prof. Kayode Adebowale at the inauguration of Vocational Centre facilitated by Folarin for University of Ibadan.
“The passion of Wabote for performance and development is unparalleled.
His trademark is quality and service delivery.
“This has led to timely completion of this project.
I congratulate the University of Ibadan, my Alma Mater, the Vice-Chancellor and principal officers of the university.
Inaugurating the project, Alli described Folarin as an experienced politician who would change the political landscape of the state for the better when he becomes the Governor.
He admonished the university community to make good use of the facility for the people of the state to feel its greater impact in a way that thousands of jobless youths would become better citizens after training in the facility.
NewsSourceCredit: NAN
The African Energy Chamber (AEC) is proud to announce that the Niger .com) of the exhibition and exposure, the first Africa event for the oil and gas sector, which will take place from October 18 to 21, 2022 in Cape Town. During the event, the NCDMB will promote critical dialogue on local content and capacities development while establishing networks with high -level delegates of regional and international energy landscapes.
Since its establishment in 2010 under the Law of Content Development of the Niger from the country of Western Africa through associations with the academy and operators in the launch of infrastructure, the development of content content.
Plans and Sciences, Technology, Engineering and Mathematics (Stem) educational initiatives.
With challenges such as lack of funds; unproductive regulatory frameworks; And inappropriate workforce development programs that restrict the continent to build a competitive oil and gas and class workforce, Africa has depended largely on expatriates to meet their needs from the oil and gas market.
However, this trend will reverse.
While countries such as Nigeria, Angola and Equatorial Guinea lead in the development of local content with the implementation of regulatory frameworks, and a growing number of African producing countries such as Ghana, Namibia, Gambia, Ivory Coast and South Sudan are in the process of process of developing their own local content policies, you need to do much more.
As such, with its AEW 2022 sponsorship, the NCDMB aims to address this, participating in main sessions and panel discussions in AEW 2022 and promote discussions on the development of local content in Africa.
As the African energy sector expands at an accelerated pace, and interested parties progress with the maximization of the 125.3 billion barrels of proven oil reserves from the continent and more than 620 billion cubic feet of gas, organizations such as the NCDMB They are key to ensure that the population of Africa benefits from the benefits of the population of Development Africa.
Meanwhile, in 2022, as the specialties leave some of the rich hydrocarbons basins in Africa, prioritize the development of local content will ensure that the continent is well equipped to optimize the management of their oil and gas resources while guaranteeing That the exploration, production and development of infrastructure are maintained on the long term.
In addition, with energy transition interruption operations throughout the oil and gas sector, prioritizing local content development will allow Africa to update its energy workforce in line with global standards and climate mitigation trends.
The transfer of skills and capacity development, therefore, will ensure that the African workforce is equipped with modern skills and technologies that accelerate the energy growth of Africa.
In this sense, placing the development of local content on the agenda both in AEW 2022 and throughout the oil and gas sector of the continent will allow Africa to accelerate the accumulation of infrastructure in the upstream, intermediate and downstream sectors.
“Trends throughout the oil and gas market continue to highlight the vital need of Africa to prioritize the development of local content and accelerate investment, exploration, production and infrastructure deployment using a combination of national and international solutions.
One of the areas in which NCDMB will focus during the next AEW 2022 is the need for Africa to increase the participation of women in Stem programs; Energy Youth; and local content in large -scale oil and gas projects, ”says NJ Ayuk, executive president of the AEC.
According to the subject, "Explore and invest in the energy future of Africa while driving an enabling environment," AEW 2022 will organize a NCDMB delegation on several summits and network forums to discuss the development of local content.
By NJ Ayuk, CEO of the African Chamber of Energy.
Last fall, I wrote (https://bit.ly/3zPqScP) about the importance of African governments doing everything they can to encourage international oil companies (IOCs) to continue operating in their countries.
COIs play an important role in supporting economic growth, job creation, skills development and knowledge sharing.
Currently, two IOCs in particular, Azule Energy in Angola and Shell Petroleum Development Corporation of Nigeria (SPDC), show tremendous promise in delivering those long-term benefits.
Azule Energy, a newly formed independent joint venture of BP and Eni's Angolan businesses, is now a big player in the oil and gas industry.
SPDC, the operator of a joint venture agreement between the Nigerian National Petroleum Corporation (NNPC), Shell, Total Exploration and Production Nigeria Limited and Agip Oil Company of Nigeria, is the largest Shell company in Nigeria.
The potential of the two companies to impact African economies is so significant that the African Chamber of Energy features them both in its recently released State of African Energy Q2 2022 report.
Azule Energy and SPDC are not the only IOCs contributing to economic growth on our continent, but they are excellent examples of the long-term impact international companies can have and the need to create an enabling environment for them.
I strongly encourage government leaders in Angola, Nigeria and other oil and gas producing states to continue to take practical steps, from creating favorable tax policies to protecting company assets from theft and vandalism, to encourage ongoing activity of the IOC.
A new era in Angola The joint venture between the Angolan companies of the British oil major BP and the Italian multinational Eni, completed in early August, is great news in every way.
Azule Energy is now the largest independently owned oil and gas producer in Angola and, according to our report, is expected to be the second largest producer in the country overall, behind only state-owned Sonangol.
Our report projects that Azule will produce approximately 22% of Angola's oil and gas production through 2025, surpassing even industry giants such as Chevron and TotalEnergies.
How much product are we talking about?
Azule is projected to produce 250,000 net barrels of oil equivalent per day (boe/d) from Angola's upstream sector by 2027, according to BP and Eni. Not only that, but the company has BP and Eni stakes in 16 exploration licences, suggesting a long-term presence in Angola.
Azule will also have an important role to play in the growth of the Angolan natural gas industry, as a participant in the New Gas Consortium (NGC).
This joint venture was created by BP, Eni, Chevron affiliate Cabinda Gulf Oil Company Limited (CABGOC), TotalEnergies and Sonangol in late 2019 to explore for and produce gas in Angola and drive economic growth there.
One of the initial projects of the consortium will be the development of the Quiluma and Maboqueiro gas fields, the first non-associated gas development project in Angola.
The consortium partners announced a final investment decision in the fields earlier this summer.
With first gas scheduled for 2026, the fields are expected to produce a combined total of about 4 billion cubic meters (bcm) of gas a year at their peak.
The project will also supply gas to the Angola LNG (liquefied natural gas) plant.
Azule Energy's ongoing activity will have a tremendous impact on the people and businesses of Angola.
Only the new joint venture's natural gas activities will help meet domestic needs, starting with new gas-to-energy programs that will help deliver reliable electricity to more Angolans.
The gas can also be used as a feedstock for petrochemical plants, leading to further economic growth and diversification, and can help meet the international community's pressing need for natural gas, which has increased since Russia's invasion of Ukraine.
An example for Africa The leaders of the Angolan government have played an important role in making all this possible.
For example, under the leadership of Diamantino Pedro Azevedo, the Ministry of Petroleum Mineral Resources has made it a priority to promote exploration and production activities.
One route the ministry has taken has been to divest Sonangol, the national oil company, of non-core assets.
That move gave Sonangol the funds it needed to focus on its upstream, midstream and downstream businesses as an operator.
Angola also introduced licensing rounds several years ago.
In February 2022, ANPG's third bidding round resulted in proposals from TotalEnergies, Equinor and Eni. As the energy chamber noted at the time, the introduction of the licensing rounds, along with tax reforms, including halving tax royalties and income tax requirements for marginal discoveries, have produced a rebound.
in international activity in Angola.
And it created the kind of environment that will foster a healthy and long-lasting working relationship with Azule Energy.
SPDC's continued role in Nigeria In Nigeria, meanwhile, with over 4 billion boe of potential reserve and the ability to sustain production at over 300,000 boe/d through 2035, SPDC remains very important to the national economy.
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The company's current portfolio, according to estimates in our report, is worth at least $2 billion.
SPDC, which made its first discovery in Nigeria in 1956, has been the subject of controversy, mainly due to oil spills in the Niger Delta region.
But the company's presence in Nigeria has also had a positive impact on lives and communities.
In 2019, for example, the Nigerian Content Development and Monitoring Board (NCDMB) recognized Shell as the country's most impactful IOC for local content initiatives.
The company is not only known for supporting local vendors and suppliers, but also makes it a priority to employ local people.
It recently estimated that 96% of its local workforce (currently a total of about 2,500 people) is made up of Nigerians, and 66% are from the Niger Delta.
The chamber is also optimistic about SPDC's plans to help transform Nigeria into a natural gas hub.
SPDC Country Head/Corporate Relations Director Igo Weli said Shell companies are working with the Nigerian federal government to build a network of gas plants and pipelines that could boost industrial and commercial development and strengthen exports of liquefied natural gas to meet world demand.
“In Bayelsa State, Shell Nigeria Gas has signed an agreement with the Nigerian Content Development and Monitoring Board (NCDMB) to provide gas infrastructure to the NCDMB industrial gas park in Polaku,” Weli said.
"NCDMB estimates that the park could generate more than 30,000 local employment opportunities."
Then there are the company's educational and skill-building initiatives.
The NNPC/Shell Cradle-to-Career scholarship is one example.
Since 2010, 708 young people from the impoverished Niger Delta, where much of SPDC's assets are located, have benefited from the scholarship.
The program covers the full cost of tuition, room and board, books, clothing, toiletries, health insurance, and visitor care for each recipient for all six years of high school.
And over the past five years, 184 participants transitioned into SPDC's college scholarship program.
Recently, Nigeria has seen a growing number of its IOCs divest Nigerian assets: more than 25 oil production licenses in the Niger Delta basin over the last 11 years.
Shell, in fact, also planned to sell its onshore assets in Nigeria, to help it meet emission reduction targets.
However, the company put those plans on hold in June to comply with a Nigerian Supreme Court ruling, which said the company would have to wait until SPDC's appeal in a 2019 oil spill case before selling Nigerian assets.
This would be a good time for government leaders to do everything they can to make staying in Nigeria more attractive to Shell after the court case is over.
One way they could do this would be to help the company significantly reduce the vandalism and oil thefts that affect its operations.
As recently as this summer, the company said it had lost more than $1 billion in revenue from crude theft and property vandalism in Imo, Rivers, Abia and Bayelsa states in recent months.
This is an issue that should concern both the government and Shell, Weli said, because thefts are directly responsible for the majority of SPDC's oil spills.
“If more than 90% (of) the spills are caused by people with axes, saws and even explosive weapons, then you are creating a problem that will consume the budget that you would have used for education, health, etc,” he said.
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"If you break pipes and pipes leak and it's very expensive to clean up, and the government had to clean up to make the environment safe for us, then you're funneling needed resources to other things."
I realize that solving the socioeconomic challenges that contribute to these crimes, including unemployment and fuel shortages, is not an easy task.
Still, Nigeria's leadership should do all it can to help SPDC keep its assets safe in the short term so that the opportunities the company is creating can strengthen local communities in the long term.
Well worth the time and resources Large international companies like SPDC and Azule Energy have an impact on both national governments and small communities.
They add to the country's coffers and help young adults develop the skills needed for a prosperous and rewarding future.
The African Chamber of Energy looks optimistically at both companies and we look forward to seeing more like them across the continent.
However, making that happen will largely depend on African governments.
By creating operator-friendly policies and working cooperatively to help COIs address challenges, our leaders can help ensure far-reaching benefits for their countries and their people.
After 21 successful editions, the industry-shaping NOG Conference & Exhibition will be repositioned as the NOG Energy Week Conference & Exhibition to strengthen Nigeria's key role in the global energy agenda, dmg announced. Nigeria events (www.dmgEvents.com).
The repositioning follows the most recent edition, which concluded on July 7, and underscored the conference's reputation as a critical facilitator of dialogue on energy agendas at the local level, particularly as diesel and gasoline prices continue to rise in Nigeria. Operating expenses are also rising despite the continued unreliability of national grid power, with companies passing the higher costs on to consumers.
“The repositioning to NOG Energy Week will foster a stronger and more integrated conversation about Nigeria's key role in the broader global energy agenda,” said Odiri Umusu, director of sales for dmg Nigeria events. “With the effects of geopolitics, energy supply disruption and increased demand pushing against ambitious net zero agendas, we must recognize and engage with the entire existing and emerging Nigerian energy ecosystem. By expanding our reach across oil, gas, liquefied natural gas (LNG), renewables and power, we have the opportunity to bring together energy industry decision makers, as well as financiers and investors for conversations that will propel us towards sustainability and justice. energy solutions.”
The 21st NOG Conference & Exhibition focused on financing Nigeria's energy mix for sustainable economic growth. The event began with the presentation of the Seven Ministerial Regulations by Ing. Simbi Wabote, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB). The regulations aim to boost local content and boost investment in the sector, including opportunities for indigenous businesses.
The 2022 Energy Progress Report, published by the International Energy Agency (IEA), together with the United Nations Statistics Division, the International Renewable Energy Agency (IRENA), the World Bank and the World Health Organization ( WHO), estimates that nearly 92 million Nigerians lack access to electricity from the national grid.
In addition to its crude oil reserves, Nigeria has abundant options for energy sources in the form of natural gas, solar, hydro, wind, biomass, and geothermal. To further explore the opportunities for Nigeria and its role in the global energy landscape, NOG's new Energy Week will bring together policy makers, financiers, investors and business leaders to discuss strategies, practical solutions and the resources needed to address supply challenges while moving towards net zero ambitions.
As Nigeria navigates its path of energy evolution, underpinned by 'The Gas Decade', and seeks a fairer, more affordable and sustainable energy system, it is critical that NOG also adapt not only its narrative but what it stands for.
Petroleum Resources Minister Timipre Sylva, who attended the recent NOG in Abuja, stated: “The President will continue to strengthen the gas value chain as it is vital to transforming the economy of our great nation. This initiative will create more than 2 million jobs per year, promote skill acquisition and enhance technology transfer, as well as increase the nation's gross domestic product."
"As most Nigerians lack access to energy, NOG was a great opportunity for local and foreign investors to enter the sector," said Mele Kolo Kyari, Group Managing Director - NNPC. "Our investments in the Nigerian gas market are based on the belief that the market will grow given domestic need."
NOG Energy Week will take place from July 2-6, 2023 and expects to welcome more than 5,000 attendees, 600 delegates, more than 350 exhibiting companies and 85 expert industry speakers in 35 sessions spanning two conference streams.
NOG 2022 Sponsors included NNPC, ExxonMobil, IPPCG, Nigeria LNG Limited, Shell, Chevron, Total Energies, Oando, IPPG, NUPRC, NCDMB, Prime Atlantic, DCPL Coleman Wires and Cables, UTM Offshore Limited, First E& P , Montego, ND Westers, Samsung, Montego, Nivafer, Russell Smith, Vurin Group, MG Vowgas, WAV, MicCom, Niger Delta E&P, Eleval Group, Heritage Energy, Seplat Energy, Banwo & Ighodalo, and DENL.
The absence of Mr Simbi Wabote, Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB, in a Federal High Court on Monday stalled the trial of Bara Ogidi, a Bayelsa-based blogger charged with cyberstalking.
The Department of State Security (DSS) charged Ogidi with false report targeted at Wabote.
Wabote, listed as a star witness to the DSS, was slated to give evidence in the ongoing trial before Justice Isa Dashen but was unavoidably absent .
The matter was adjourned until Nov. 1.
In the charge, the DSS alleged that Ogidi accused Wabote of offering him N10 million to lure him to testify in his favour in a defamation suit filed by the NCDMB Executive Secretary against Mr Jackson Ude. The DSS said the publication caused annoyance, enmity, hatred and ill will towards Wabote.
The state department said the offence of cyberstalking is contrary to and punishable under Section 24(1)b of the Cybercrime (Prohibition, Prevention etc) Act, 2015.
The defendant pleaded not guilty to the charge and was admitted to bail in sum of N5million with one surety in like sum.
NewsSourceCredit: NAN
