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  •  Chief Timipre Sylva Minister of State for Petroleum Resources says there are about 265 illegal refineries in the Shell Petroleum Development Company SPDC corridor alone as Nigeria continues to grapple with oil theft The News Agency of Nigeria reports that Sylva spoke at the 60th Anniversary of the Oil Producers Trade Section OPTS of the Lagos Chamber of Commerce and Industry LCCI on Thursday in Lagos The minister represented by Mr Kamaru Busari Acting Permanent Secretary Ministry of Petroleum Resources said vandalism and oil theft had resulted in Nigeria producing less than one million barrels of crude oil per day Sylva said the country s inability to meet its Organisation of the Petroleum Exporting Countries OPEC quota had deprived it of the much needed oil revenue when oil prices were very high in the international market He said nevertheless the government was engaging host communities security agencies and deploying technology to address the issue in order to boost investors confidence in the sector On his part Malam Mele Kyari Group Chief Executive Officer Nigerian National Petroleum Company Ltd NNPCL said the company was not unmindful of the current challenges particularly security in the operational areas and cash call arrears settlement Kyari represented by Mr Dapo Segun Deputy General Manager Treasury NNPCL however maintained that the company was resilient and would work with other stakeholders to overcome the security challenges He said We have deployed creative solutions to tackle security challenges in the operational areas Technological intervention for both monitoring and prompt intervention would also be set up The tackling of the menace is a top priority for NNPCL Also our new governance framework provides us autonomy and opportunity for self accounting hence cash call settlement including arrears would be settled and handled promptly going forward Earlier in his address of welcome Mr Rick Kennedy Chairman OPTS said OPTS had made significant contributions to the development of the Nigerian oil and gas industry over the past 60 years Kennedy represented by Mr Osagie Okunbor Vice Chairman OPTS said OPTS members had demonstrated resilience and commitment in the face of economic security environmental and funding challenges He said We have continued to make significant contributions to Nigeria s development As a group OPTS member companies account about 90 per cent of Nigeria oil production and contributes significantly to the domestic and export gas production and supply Over the last decade OPTS member companies accounted for 40 60 per cent of government revenue and 85 to 95 per cent of export earnings OPTS member companies are also proud to have paid tens of billions of dollars in taxes levies royalties rents and license fees to the Nigerian government Kennedy who is also the Managing Director Chevron Africa Business Unit said the OPTS companies had also created over 600 000 direct and indirect jobs for Nigerians Also Mr Bunmi Toyobo Executive Director OPTS thanked the 29 companies who were members of the OPTS for their contributions to its achievements in the past 60 years This celebration is to demonstrate our abiding faith in Nigeria as a group and belief in the boundless growth potential of our country given the enabling environment he said NewsSourceCredit NAN
    265 illegal refineries in SPDC corridor – Sylva
     Chief Timipre Sylva Minister of State for Petroleum Resources says there are about 265 illegal refineries in the Shell Petroleum Development Company SPDC corridor alone as Nigeria continues to grapple with oil theft The News Agency of Nigeria reports that Sylva spoke at the 60th Anniversary of the Oil Producers Trade Section OPTS of the Lagos Chamber of Commerce and Industry LCCI on Thursday in Lagos The minister represented by Mr Kamaru Busari Acting Permanent Secretary Ministry of Petroleum Resources said vandalism and oil theft had resulted in Nigeria producing less than one million barrels of crude oil per day Sylva said the country s inability to meet its Organisation of the Petroleum Exporting Countries OPEC quota had deprived it of the much needed oil revenue when oil prices were very high in the international market He said nevertheless the government was engaging host communities security agencies and deploying technology to address the issue in order to boost investors confidence in the sector On his part Malam Mele Kyari Group Chief Executive Officer Nigerian National Petroleum Company Ltd NNPCL said the company was not unmindful of the current challenges particularly security in the operational areas and cash call arrears settlement Kyari represented by Mr Dapo Segun Deputy General Manager Treasury NNPCL however maintained that the company was resilient and would work with other stakeholders to overcome the security challenges He said We have deployed creative solutions to tackle security challenges in the operational areas Technological intervention for both monitoring and prompt intervention would also be set up The tackling of the menace is a top priority for NNPCL Also our new governance framework provides us autonomy and opportunity for self accounting hence cash call settlement including arrears would be settled and handled promptly going forward Earlier in his address of welcome Mr Rick Kennedy Chairman OPTS said OPTS had made significant contributions to the development of the Nigerian oil and gas industry over the past 60 years Kennedy represented by Mr Osagie Okunbor Vice Chairman OPTS said OPTS members had demonstrated resilience and commitment in the face of economic security environmental and funding challenges He said We have continued to make significant contributions to Nigeria s development As a group OPTS member companies account about 90 per cent of Nigeria oil production and contributes significantly to the domestic and export gas production and supply Over the last decade OPTS member companies accounted for 40 60 per cent of government revenue and 85 to 95 per cent of export earnings OPTS member companies are also proud to have paid tens of billions of dollars in taxes levies royalties rents and license fees to the Nigerian government Kennedy who is also the Managing Director Chevron Africa Business Unit said the OPTS companies had also created over 600 000 direct and indirect jobs for Nigerians Also Mr Bunmi Toyobo Executive Director OPTS thanked the 29 companies who were members of the OPTS for their contributions to its achievements in the past 60 years This celebration is to demonstrate our abiding faith in Nigeria as a group and belief in the boundless growth potential of our country given the enabling environment he said NewsSourceCredit NAN
    265 illegal refineries in SPDC corridor – Sylva
    General news2 weeks ago

    265 illegal refineries in SPDC corridor – Sylva

    Chief Timipre Sylva, Minister of State for Petroleum Resources, says there are about 265 illegal refineries in the Shell Petroleum Development Company (SPDC) corridor alone as Nigeria continues to grapple with oil theft.

    The News Agency of Nigeria reports that Sylva spoke at the 60th Anniversary of the Oil Producers Trade Section (OPTS) of the Lagos Chamber of Commerce and Industry (LCCI) on Thursday in Lagos.

    The minister, represented by Mr Kamaru Busari, Acting Permanent Secretary, Ministry of Petroleum Resources, said vandalism and oil theft had resulted in Nigeria producing less than one million barrels of crude oil per day.

    Sylva said the country’s inability to meet its Organisation of the Petroleum Exporting Countries (OPEC) quota had deprived it of the much needed oil revenue when oil prices were very high in the international market.

    He said, nevertheless, the government was engaging host communities, security agencies and deploying technology to address the issue in order to boost investors’ confidence in the sector.

    On his part, Malam Mele Kyari, Group Chief Executive Officer, Nigerian National Petroleum Company Ltd. (NNPCL), said the company was not unmindful of the current challenges, particularly security in the operational areas and cash call arrears settlement.

    Kyari, represented by Mr Dapo Segun, Deputy General Manager, Treasury, NNPCL, however,  maintained that the company was resilient and would work with other stakeholders to overcome the security challenges.

    He said: “We have deployed creative solutions to tackle security challenges in the operational areas.

    “Technological intervention for both monitoring and prompt intervention would also be set up.

    The tackling of the menace is a top priority for NNPCL.

    “Also, our new governance framework provides us autonomy and opportunity for self-accounting hence cash-call settlement including arrears would be settled and handled promptly going forward.

    ” Earlier in his address of welcome, Mr Rick Kennedy, Chairman OPTS, said OPTS had made significant contributions to the development of the Nigerian oil and gas industry over the past 60 years.

    Kennedy, represented by Mr Osagie Okunbor, Vice Chairman, OPTS, said OPTS members had demonstrated resilience and commitment in the face of economic, security, environmental and funding challenges.

    He said: “We have continued to make significant contributions to Nigeria’s development.

    “As a group, OPTS member companies account about 90 per cent of Nigeria oil production and contributes significantly to the domestic and export gas production and supply.

    “Over the last decade, OPTS member companies accounted for 40-60 per cent of government revenue and 85 to 95 per cent of export earnings.

    “OPTS member companies are also proud to have paid tens of billions of dollars in taxes, levies, royalties, rents, and license fees to the Nigerian government.

    ” Kennedy, who is also the Managing Director, Chevron -Africa Business Unit, said the OPTS companies had also created over 600,000 direct and indirect jobs for Nigerians.

    Also, Mr Bunmi Toyobo, Executive Director,OPTS, thanked the 29 companies who were members of the OPTS for their contributions to its achievements in the past 60 years.

    “This celebration is to demonstrate our abiding faith in Nigeria as a group and belief in the boundless growth potential of our country, given the enabling environment,” he said.


    NewsSourceCredit: NAN

  •   Bayelsa govt seeks more investment from Shell Bayelsa Govt seeks more investment from Shell Investment By Nathan Nwakamma Yenagoa July 14 2022 MNAN Bayelsa government has urged Shell Petroleum Development Company of Nigeria Limited SPDC to contribute more to standards of living in the state by investing more in energy and infrastructure development Mrs Abimbola Essien Nelson Media Relations Manager SPDC in a statement on Thursday quoted Bayelsa deputy governor Lawrence Ewhrudjakpo as making the call during a business meeting with the company s management in Port Harcourt The News Agency of Nigeria recalls that SPDC first struck oil in commercial quantities in Nigeria at Otuabagi community within the Oloibiri fields in Bayelsa in 1956 SPDC had in 2015 divested its equity interest in the Oil Mining Lease OML 29 and the asset was acquired by an indigenous firm Aiteo Eastern Exploration and Production Company Ltd for 2 4 billion However the company retains gas gathering infrastructure across Bayelsa that feeds the Nigeria Liquified Natural Gas for export The relationship between Bayelsa State and SPDC is cordial Thank you for the investments in our state Thank you for your contributions to support development efforts in the state But how do we improve on this and bring dividends to our people There is still so more to unearth in our state This meeting is to see how we can work together to create a suitable environment for SPDC to operate and generate value for all of us Ewhrudjakpo said He said the state government was ready to partner Shell to expand its portfolio in Bayelsa with a view to reducing unemployment youth restiveness and drug abuse He said the state had recorded a huge success using sports to keep youths away from vices particularly drug abuse and violent crimes According to Ewhrudjakpo Bayelsa youths have shown that if we give them encouragement they could deliver good value He said the state finished in the 3rd position at the last National Sports Festival in Edo even as the government also organises the annual Bayelsa Wrestling Classic to encourage more youths in the state to embrace sports Essien Nelson also quoted the Managing Director SPDC and Country Chair Shell Companies in Nigeria Mr Osagie Okunbor as pledging the company s support for government s efforts to improve the environment in Bayelsa It means that there is a plan As a company we key into your vision because we know that if you are successful it will help us and help our business environment We commend you and His Excellency Governor Douye Diri for what you are doing to support business in Bayelsa State Okunbor said Okunbor was represented by an SPDC Director and Head Corporate Relations Nigeria Mr Igo Weli He commended Bayelsa government for the successes in sports development strides in the state The Bayelsa Government delegation included Chairman of the State House of Assembly Committee on Sports Hon Tare Porri Commissioner for Youths and Sports Development Mr Baraladei Igali Commissioner for Mineral Resources Dr Ebiere Jones and Director of Sports Braveman Wodi NewsSourceCredit NAN
    Bayelsa govt. seeks more investment from Shell
      Bayelsa govt seeks more investment from Shell Bayelsa Govt seeks more investment from Shell Investment By Nathan Nwakamma Yenagoa July 14 2022 MNAN Bayelsa government has urged Shell Petroleum Development Company of Nigeria Limited SPDC to contribute more to standards of living in the state by investing more in energy and infrastructure development Mrs Abimbola Essien Nelson Media Relations Manager SPDC in a statement on Thursday quoted Bayelsa deputy governor Lawrence Ewhrudjakpo as making the call during a business meeting with the company s management in Port Harcourt The News Agency of Nigeria recalls that SPDC first struck oil in commercial quantities in Nigeria at Otuabagi community within the Oloibiri fields in Bayelsa in 1956 SPDC had in 2015 divested its equity interest in the Oil Mining Lease OML 29 and the asset was acquired by an indigenous firm Aiteo Eastern Exploration and Production Company Ltd for 2 4 billion However the company retains gas gathering infrastructure across Bayelsa that feeds the Nigeria Liquified Natural Gas for export The relationship between Bayelsa State and SPDC is cordial Thank you for the investments in our state Thank you for your contributions to support development efforts in the state But how do we improve on this and bring dividends to our people There is still so more to unearth in our state This meeting is to see how we can work together to create a suitable environment for SPDC to operate and generate value for all of us Ewhrudjakpo said He said the state government was ready to partner Shell to expand its portfolio in Bayelsa with a view to reducing unemployment youth restiveness and drug abuse He said the state had recorded a huge success using sports to keep youths away from vices particularly drug abuse and violent crimes According to Ewhrudjakpo Bayelsa youths have shown that if we give them encouragement they could deliver good value He said the state finished in the 3rd position at the last National Sports Festival in Edo even as the government also organises the annual Bayelsa Wrestling Classic to encourage more youths in the state to embrace sports Essien Nelson also quoted the Managing Director SPDC and Country Chair Shell Companies in Nigeria Mr Osagie Okunbor as pledging the company s support for government s efforts to improve the environment in Bayelsa It means that there is a plan As a company we key into your vision because we know that if you are successful it will help us and help our business environment We commend you and His Excellency Governor Douye Diri for what you are doing to support business in Bayelsa State Okunbor said Okunbor was represented by an SPDC Director and Head Corporate Relations Nigeria Mr Igo Weli He commended Bayelsa government for the successes in sports development strides in the state The Bayelsa Government delegation included Chairman of the State House of Assembly Committee on Sports Hon Tare Porri Commissioner for Youths and Sports Development Mr Baraladei Igali Commissioner for Mineral Resources Dr Ebiere Jones and Director of Sports Braveman Wodi NewsSourceCredit NAN
    Bayelsa govt. seeks more investment from Shell
    General news3 months ago

    Bayelsa govt. seeks more investment from Shell

    Bayelsa govt. seeks more investment from Shell

    Bayelsa Govt. seeks more investment from Shell

    Investment

    By Nathan Nwakamma

    Yenagoa, July 14, 2022 (MNAN) Bayelsa government has urged Shell Petroleum Development Company of Nigeria Limited (SPDC) to contribute more to standards of living in the state by investing more in energy and infrastructure development.

    Mrs Abimbola Essien-Nelson, Media Relations Manager, SPDC, in a statement on Thursday quoted Bayelsa deputy governor, Lawrence Ewhrudjakpo, as making the call during a business meeting with the company’s management in Port Harcourt.

    The News Agency of Nigeria recalls that SPDC first struck oil in commercial quantities in Nigeria at Otuabagi community within the Oloibiri fields in Bayelsa in 1956.

    SPDC had in 2015 divested its equity interest in the Oil Mining Lease (OML) 29, and the asset was acquired by an indigenous firm, Aiteo Eastern Exploration and Production Company Ltd for $2.4 billion.

    However, the company retains gas gathering infrastructure across Bayelsa that feeds the Nigeria Liquified Natural Gas for export.

    “The relationship between Bayelsa State and SPDC is cordial. Thank you for the investments in our state.

    “Thank you for your contributions to support development efforts in the state. But how do we improve on this and bring dividends to our people? There is still so more to unearth in our state.

    “This meeting is to see how we can work together to create a suitable environment for SPDC to operate and generate value for all of us,” Ewhrudjakpo said.

    He said the state government was ready to partner Shell to expand its portfolio in Bayelsa with a view to reducing unemployment, youth restiveness and drug abuse.

    He said the state had recorded a huge success using sports to keep youths away from vices particularly drug abuse and violent crimes.

    According to Ewhrudjakpo, Bayelsa youths have shown that if we give them encouragement, they could deliver good value.

    He said the state finished in the 3rd position at the last National Sports Festival in Edo even as the government also organises the annual Bayelsa Wrestling Classic to encourage more youths in the state to embrace sports.

    Essien-Nelson also quoted the Managing Director, SPDC and Country Chair, Shell Companies in Nigeria, Mr Osagie Okunbor, as pledging the company’s support for government’s efforts to improve the environment in Bayelsa.

    “It means that there is a plan. As a company, we key into your vision because we know that if you are successful it will help us and help our business environment.

    “We commend you and His Excellency, Governor Douye Diri, for what you are doing to support business in Bayelsa State,” Okunbor  said.

    Okunbor was represented by an SPDC Director and Head, Corporate Relations Nigeria, Mr Igo Weli.

    He commended Bayelsa government for the successes in sports development strides in the state.

    The Bayelsa Government delegation included Chairman of the State House of Assembly Committee on Sports, Hon. Tare Porri; Commissioner for Youths and Sports Development, Mr Baraladei Igali; Commissioner for Mineral Resources, Dr Ebiere Jones; and Director of Sports, Braveman Wodi. (

    NewsSourceCredit: NAN

  •  The Nigerian petroleum industry on Wednesday in Abuja held a night of tributes for the departed Dr Mohammed Barkindo the Secretary General of the Organisation of the Petroleum Exporting Countries OPEC The News Agency of Nigeria reports that Barkindo passed on in Abuja on Tuesday at the age of 63 He was buried on Wednesday in Yola Adamawa State in accordance with Islamic rites Speaking at the ceremony which coincided with the 2022 Nigeria Oil and Gas NOG Award Mr Mele Kyari the Group Managing Director Nigerian National Petroleum Company Ltd said Barkindo s demise was a shock to the industry Represented by Mr Adetunji Adeyemi the Group Executive Director Downstream NNPC Kyari prayed God to grant the family the fortitude to bear the loss Mr Mike Sangster the Managing Director TotalEnergies EP Nigeria Ltd said the loss was for the family the country Nigeria the oil and gas industry and the world at large Sangster who was represented by Mr Charles Ebereonwu the Country Communications Manager TotalEnergies Nigeria described Barkindo as a humble and hardworking man who made enormous contributions to the oil and gas industry All we can do is to pray for the family for the fortitude to bear the loss and the Almighty God to grant his soul eternal rest he said Also Mr Rick Kennedy the Chairman Oil Producers Trade Section OPTS described Barkindo as a true giant of the industry Kennedy said the contributions of the departed global energy leader could not be overemphasised adding that his death was a huge loss to the sector On his part Mr Osagie Okunbor the Country Chair Shell Companies in Nigeria said Barkindo was an iconic figure in the oil and gas industry whose death came as a very rude shock to stakeholders Okunbor said OPEC was able to overcome multiple crisis due to his outstanding leadership adding that he made Nigeria and Nigerians proud on the global stage In his tribute Mr Simbi Wabote the Executive Secretary Nigerian Content Development and Monitoring Board said Barkindo was a role model and someone worthy to be admired He was the icon of our time His death is a great loss to Nigeria God knows best When our time is up there is nothing we can do He has played his part and we can only continue from where he stopped Wabote said NewsSourceCredit NAN
    Nigerian petroleum industry holds night of tributes for Barkindo
     The Nigerian petroleum industry on Wednesday in Abuja held a night of tributes for the departed Dr Mohammed Barkindo the Secretary General of the Organisation of the Petroleum Exporting Countries OPEC The News Agency of Nigeria reports that Barkindo passed on in Abuja on Tuesday at the age of 63 He was buried on Wednesday in Yola Adamawa State in accordance with Islamic rites Speaking at the ceremony which coincided with the 2022 Nigeria Oil and Gas NOG Award Mr Mele Kyari the Group Managing Director Nigerian National Petroleum Company Ltd said Barkindo s demise was a shock to the industry Represented by Mr Adetunji Adeyemi the Group Executive Director Downstream NNPC Kyari prayed God to grant the family the fortitude to bear the loss Mr Mike Sangster the Managing Director TotalEnergies EP Nigeria Ltd said the loss was for the family the country Nigeria the oil and gas industry and the world at large Sangster who was represented by Mr Charles Ebereonwu the Country Communications Manager TotalEnergies Nigeria described Barkindo as a humble and hardworking man who made enormous contributions to the oil and gas industry All we can do is to pray for the family for the fortitude to bear the loss and the Almighty God to grant his soul eternal rest he said Also Mr Rick Kennedy the Chairman Oil Producers Trade Section OPTS described Barkindo as a true giant of the industry Kennedy said the contributions of the departed global energy leader could not be overemphasised adding that his death was a huge loss to the sector On his part Mr Osagie Okunbor the Country Chair Shell Companies in Nigeria said Barkindo was an iconic figure in the oil and gas industry whose death came as a very rude shock to stakeholders Okunbor said OPEC was able to overcome multiple crisis due to his outstanding leadership adding that he made Nigeria and Nigerians proud on the global stage In his tribute Mr Simbi Wabote the Executive Secretary Nigerian Content Development and Monitoring Board said Barkindo was a role model and someone worthy to be admired He was the icon of our time His death is a great loss to Nigeria God knows best When our time is up there is nothing we can do He has played his part and we can only continue from where he stopped Wabote said NewsSourceCredit NAN
    Nigerian petroleum industry holds night of tributes for Barkindo
    General news3 months ago

    Nigerian petroleum industry holds night of tributes for Barkindo

    The Nigerian petroleum industry on Wednesday in Abuja held a night of tributes for the departed Dr Mohammed Barkindo, the Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC).

    The News Agency of Nigeria reports that Barkindo passed on in Abuja on Tuesday at the age of 63.

    He was buried on Wednesday in Yola, Adamawa State, in accordance with Islamic rites.

    Speaking at the ceremony which coincided with the 2022 Nigeria Oil and Gas (NOG) Award, Mr Mele Kyari, the Group Managing Director, Nigerian National Petroleum Company Ltd., said Barkindo’s demise was a shock to the industry.

    Represented by Mr Adetunji Adeyemi, the Group Executive Director, Downstream, NNPC, Kyari prayed God to grant the family the fortitude to bear the loss.

    Mr Mike Sangster, the Managing Director, TotalEnergies EP Nigeria Ltd., said the loss was for the family, the country Nigeria, the oil and gas industry and the world at large.

    Sangster who was represented by Mr Charles Ebereonwu, the Country Communications Manager, TotalEnergies Nigeria, described Barkindo as a humble and hardworking man who made enormous contributions to the oil and gas industry.

    “All we can do is to pray for the family for the fortitude to bear the loss and the Almighty God to grant his soul eternal rest,” he said.

    Also, Mr Rick Kennedy, the Chairman, Oil Producers Trade Section (OPTS), described Barkindo as a true giant of the industry.

    Kennedy said the contributions of the departed global energy leader could not be overemphasised, adding that his death was a huge loss to the sector.

    On his part, Mr Osagie Okunbor, the Country Chair, Shell Companies in Nigeria, said Barkindo was an iconic figure in the oil and gas industry whose death came as a very rude shock to stakeholders.

    Okunbor said OPEC was able to overcome multiple crisis due to his outstanding leadership, adding that he made Nigeria and Nigerians proud on the global stage.

    In his tribute, Mr Simbi Wabote, the Executive Secretary, Nigerian Content Development and Monitoring Board, said Barkindo was a role model and someone worthy to be admired.

    “He was the icon of our time. His death is a great loss to Nigeria. God knows best. When our time is up, there is nothing we can do.

    “He has played his part and we can only continue from where he stopped,” Wabote said.

    NewsSourceCredit: NAN

  •   Nigerian National Petroleum Company Limited NNPC Ltd kicked off the week with a move to address the challenges of gas flaring in the country NNPC Group Managing Director Chief Executive Officer GMD CEO Malam Mele Kyari during a panel session at the Nigerian International Energy Summit NIES 2022 just concluded in Abuja said that part of the strategies would be guarantee that any project proposal without clear plans to commercialize or deplete its associated gas would no longer be approved He said gas utilization was a top priority for both the federal government and NNPC as efforts were underway to build infrastructure to replace current fuel and diesel in the country s factories with gas which is a source of energy more clean Kyari commented that the trend was in step with the global reality of the energy transition However he emphasized that Nigeria as a country needed all the hydrocarbons of today to build the energy of tomorrow In his main message the Minister of State for Petroleum Resources Chief Timipre Sylva said that the Ministry of Petroleum Resources was ready to provide the necessary framework and support for a smooth energy transition in the country NNPC GMD CEO Malam Mele KyariAlso speaking at the event a former Minister of State for Petroleum Resources Dr Ibe Kachikwu said that focusing on accelerating oil production refining in the country developing a flow of finance and taking advantage of the Petroleum Industry Act Petroleum PIA were some of the solutions to the current challenges of the industry He advised that gas should be seen as a transition fuel with an estimated useful life of 20 years adding that industry players should start looking at alternative sources of energy such as solar and wind to catch up with the world before 2060 Other panelists including the Managing Directors of Chevron SPDC Exxon Mobil the Deputy Managing Director of Total Energies and the General Manager of NLNG expressed their commitment to the Federal Government s energy transition aspiration while indicating their willingness to partner with NNPC for better business opportunities Speaking at the CEO roundtable session with the sub theme Strategies to meet the energy transition Kyari said that a key strategy to address the energy transition challenge was to increase investment in physical infrastructure development This he said would bring electricity to end users in all parts of the country We know that in this country less than 30 000 to 40 000 megawatts of electricity cannot adequately serve this country The population is growing the middle class is growing in fact their energy requirement is very different rural urban migration is at its peak This means that more and more infrastructure is needed on the ground to close that gap So we need to be much more productive industrial growth needs to be accelerated infrastructure needs to be put in place in the short term to grow the economy to a level where we can generate enough income to close the energy poverty gap We must respond to the issue of electricity in the country Kyari said Meanwhile President Muhammadu Buhari has called on energy industry investors to take advantage of the enabling environment provided by the Power Industry Act PIA to accelerate investment in Nigeria s energy sector Speaking at the opening of the recently concluded NIES 2022 the president said that with the PIA underway there should be no excuse for the country s oil industry players not to deepen their investments especially in the gas sector The president who was representing the State for Petroleum Resources Chief Timipre Sylva pointed out that the world was moving away from fossil fuels Buhari said it would be in the country s interest to speed up its exploitation of fossil fuels and make good use of the resources for the betterment of the country rather than abandoning the huge oil and gas reserves He recognized the demands of the energy transition and assured that the country is prepared to face the challenges Speaking in his capacity as Minister of State for Petroleum Resources Sylva said the world should support a push to develop African natural gas production describing it as green energy to boost electricity generation Boss Timipre SylvaSylva explained that for countries like Nigeria which was rich in natural resources but still poor in energy the transition should not come at the expense of affordable and reliable energy for people cities and industry For his part NNPC CEO Kyari said the company will continue to develop Nigeria s gas resources despite the departure of International Oil Companies IOC from the country due to the global push for energy transition and carbon target net zero On the energy transition Kyari said that the NNPC would work with its partners to facilitate the process in Nigeria regardless of the massive drop in investment in fossil fuel projects amid the departure of IOCs from Nigeria The head of NNPC stated that Nigeria and most sub Saharan African countries were energy deficient He said that the world had recognized the place of gas as a transition fuel and stressed that it would not be possible for gas to play that role unless there were investments in the gas sector to produce it process it and make it available to users It reported that funding for fossil fuel projects had dropped by a percentage compared to what it was about 10 years ago Also the secretary general of the Organization of Petroleum Exporting Countries OPEC Dr Sanusi Barkindo and other African energy ministers present at the summit defended investments in fossil fuels They insisted that the global push for the energy transition to net zero carbon emissions was not in favor of Africa They argued that Africa accounted for less than three percent of global carbon emissions while some 600 million Africans had no access to electricity and stressed that stopping fossil fuel investments in Africa would be counterproductive Still in the week under review NNPC Ltd signed a multi million dollar Gas Sales Agreement GSA with its partners The partners are Shell Petroleum Development Company SPDC Total Energies ENI and Gas Aggregation Company of Nigeria GACN The goal is to deliver 70 million standard cubic feet mscf of gas to Dangote Fertilizer Limited for fertilizer production and support the Federal Government s aspiration to boost agricultural development in Nigeria Speaking at the signing ceremony in Abuja NNPC CEO GMD Malam Mele Kyari said the milestone of delivering such a huge volume of gas to Dangote Fertilizer Plant Train 2 was part of the company s push to ensure a increased use of gas in the country He stressed that the initiative would boost the supply of gas to the domestic market in line with the Federal Government s plan to transform Nigeria into a self sufficient nation in fertilizer production Signing of gas supply agreement between NNPC Dangote Shell and other partnersIn his remarks the President CEO of Dangote Group Mr Aliko Dangote said that the execution of the gas sale agreement would not only help meet the supply of fertilizers in the domestic market but also attract around 1 8 billion foreign currency to the country He praised NNPC GMD for its visionary leadership that led to the project upgrade noting that with GSA Nigeria would soon become the world s seventh largest fertilizer producer and second in Africa behind Egypt For his part the President of Shell Companies in Nigeria Managing Director of Shell Petroleum Development Company SPDC Nigeria Mr Osagie Okunbor thanked the effort of NNPC GMD and other partners and described it as the fastest executed GSA in the recent history Also in the week the Minister of State for Petroleum Resources Timipre Sylva expressed his satisfaction with all the measures implemented so far the Midstream and Downstream Petroleum Regulatory Authority NMDPRA and the NNPC were limited to reducing the current interruption of the fuel supply in the country an end Saying this when briefed by NNPC Limited GMD CEO Malam Mele Kyari and Authority Executive Director Mr Farouk Ahmed on the various measures put in place to end the PMS shortage Sylva praised the CEOs of the two agencies and she expressed her confidence in his ability to control the situation Describing the situation as an accident the Minister pledged his support to the NNPC and the Authority while appealing to consumers to be patient as they were all working to end the supply disruption Meanwhile Chairman of the Board of Directors NNPC Limited Senator Margery Chuba Okadigbo expressed confidence in the ability of the current NNPC management to take the company to greater heights Speaking on the sidelines of the recently concluded NIES 2022 Senator Okadigbo said that PIA had placed NNPC in a position of global competitiveness adding that Kyari the GMD CEO has demonstrated the ability to transform the company into a world class energy company world Visit us at for more details
    NNPC Weekly: Gas flaring to end soon as company introduces new approval method
      Nigerian National Petroleum Company Limited NNPC Ltd kicked off the week with a move to address the challenges of gas flaring in the country NNPC Group Managing Director Chief Executive Officer GMD CEO Malam Mele Kyari during a panel session at the Nigerian International Energy Summit NIES 2022 just concluded in Abuja said that part of the strategies would be guarantee that any project proposal without clear plans to commercialize or deplete its associated gas would no longer be approved He said gas utilization was a top priority for both the federal government and NNPC as efforts were underway to build infrastructure to replace current fuel and diesel in the country s factories with gas which is a source of energy more clean Kyari commented that the trend was in step with the global reality of the energy transition However he emphasized that Nigeria as a country needed all the hydrocarbons of today to build the energy of tomorrow In his main message the Minister of State for Petroleum Resources Chief Timipre Sylva said that the Ministry of Petroleum Resources was ready to provide the necessary framework and support for a smooth energy transition in the country NNPC GMD CEO Malam Mele KyariAlso speaking at the event a former Minister of State for Petroleum Resources Dr Ibe Kachikwu said that focusing on accelerating oil production refining in the country developing a flow of finance and taking advantage of the Petroleum Industry Act Petroleum PIA were some of the solutions to the current challenges of the industry He advised that gas should be seen as a transition fuel with an estimated useful life of 20 years adding that industry players should start looking at alternative sources of energy such as solar and wind to catch up with the world before 2060 Other panelists including the Managing Directors of Chevron SPDC Exxon Mobil the Deputy Managing Director of Total Energies and the General Manager of NLNG expressed their commitment to the Federal Government s energy transition aspiration while indicating their willingness to partner with NNPC for better business opportunities Speaking at the CEO roundtable session with the sub theme Strategies to meet the energy transition Kyari said that a key strategy to address the energy transition challenge was to increase investment in physical infrastructure development This he said would bring electricity to end users in all parts of the country We know that in this country less than 30 000 to 40 000 megawatts of electricity cannot adequately serve this country The population is growing the middle class is growing in fact their energy requirement is very different rural urban migration is at its peak This means that more and more infrastructure is needed on the ground to close that gap So we need to be much more productive industrial growth needs to be accelerated infrastructure needs to be put in place in the short term to grow the economy to a level where we can generate enough income to close the energy poverty gap We must respond to the issue of electricity in the country Kyari said Meanwhile President Muhammadu Buhari has called on energy industry investors to take advantage of the enabling environment provided by the Power Industry Act PIA to accelerate investment in Nigeria s energy sector Speaking at the opening of the recently concluded NIES 2022 the president said that with the PIA underway there should be no excuse for the country s oil industry players not to deepen their investments especially in the gas sector The president who was representing the State for Petroleum Resources Chief Timipre Sylva pointed out that the world was moving away from fossil fuels Buhari said it would be in the country s interest to speed up its exploitation of fossil fuels and make good use of the resources for the betterment of the country rather than abandoning the huge oil and gas reserves He recognized the demands of the energy transition and assured that the country is prepared to face the challenges Speaking in his capacity as Minister of State for Petroleum Resources Sylva said the world should support a push to develop African natural gas production describing it as green energy to boost electricity generation Boss Timipre SylvaSylva explained that for countries like Nigeria which was rich in natural resources but still poor in energy the transition should not come at the expense of affordable and reliable energy for people cities and industry For his part NNPC CEO Kyari said the company will continue to develop Nigeria s gas resources despite the departure of International Oil Companies IOC from the country due to the global push for energy transition and carbon target net zero On the energy transition Kyari said that the NNPC would work with its partners to facilitate the process in Nigeria regardless of the massive drop in investment in fossil fuel projects amid the departure of IOCs from Nigeria The head of NNPC stated that Nigeria and most sub Saharan African countries were energy deficient He said that the world had recognized the place of gas as a transition fuel and stressed that it would not be possible for gas to play that role unless there were investments in the gas sector to produce it process it and make it available to users It reported that funding for fossil fuel projects had dropped by a percentage compared to what it was about 10 years ago Also the secretary general of the Organization of Petroleum Exporting Countries OPEC Dr Sanusi Barkindo and other African energy ministers present at the summit defended investments in fossil fuels They insisted that the global push for the energy transition to net zero carbon emissions was not in favor of Africa They argued that Africa accounted for less than three percent of global carbon emissions while some 600 million Africans had no access to electricity and stressed that stopping fossil fuel investments in Africa would be counterproductive Still in the week under review NNPC Ltd signed a multi million dollar Gas Sales Agreement GSA with its partners The partners are Shell Petroleum Development Company SPDC Total Energies ENI and Gas Aggregation Company of Nigeria GACN The goal is to deliver 70 million standard cubic feet mscf of gas to Dangote Fertilizer Limited for fertilizer production and support the Federal Government s aspiration to boost agricultural development in Nigeria Speaking at the signing ceremony in Abuja NNPC CEO GMD Malam Mele Kyari said the milestone of delivering such a huge volume of gas to Dangote Fertilizer Plant Train 2 was part of the company s push to ensure a increased use of gas in the country He stressed that the initiative would boost the supply of gas to the domestic market in line with the Federal Government s plan to transform Nigeria into a self sufficient nation in fertilizer production Signing of gas supply agreement between NNPC Dangote Shell and other partnersIn his remarks the President CEO of Dangote Group Mr Aliko Dangote said that the execution of the gas sale agreement would not only help meet the supply of fertilizers in the domestic market but also attract around 1 8 billion foreign currency to the country He praised NNPC GMD for its visionary leadership that led to the project upgrade noting that with GSA Nigeria would soon become the world s seventh largest fertilizer producer and second in Africa behind Egypt For his part the President of Shell Companies in Nigeria Managing Director of Shell Petroleum Development Company SPDC Nigeria Mr Osagie Okunbor thanked the effort of NNPC GMD and other partners and described it as the fastest executed GSA in the recent history Also in the week the Minister of State for Petroleum Resources Timipre Sylva expressed his satisfaction with all the measures implemented so far the Midstream and Downstream Petroleum Regulatory Authority NMDPRA and the NNPC were limited to reducing the current interruption of the fuel supply in the country an end Saying this when briefed by NNPC Limited GMD CEO Malam Mele Kyari and Authority Executive Director Mr Farouk Ahmed on the various measures put in place to end the PMS shortage Sylva praised the CEOs of the two agencies and she expressed her confidence in his ability to control the situation Describing the situation as an accident the Minister pledged his support to the NNPC and the Authority while appealing to consumers to be patient as they were all working to end the supply disruption Meanwhile Chairman of the Board of Directors NNPC Limited Senator Margery Chuba Okadigbo expressed confidence in the ability of the current NNPC management to take the company to greater heights Speaking on the sidelines of the recently concluded NIES 2022 Senator Okadigbo said that PIA had placed NNPC in a position of global competitiveness adding that Kyari the GMD CEO has demonstrated the ability to transform the company into a world class energy company world Visit us at for more details
    NNPC Weekly: Gas flaring to end soon as company introduces new approval method
    General news7 months ago

    NNPC Weekly: Gas flaring to end soon as company introduces new approval method

    Nigerian National Petroleum Company Limited (NNPC Ltd.) kicked off the week with a move to address the challenges of gas flaring in the country.

    NNPC Group Managing Director/Chief Executive Officer (GMD/CEO), Malam Mele Kyari, during a panel session at the Nigerian International Energy Summit (NIES 2022) just concluded in Abuja, said that part of the strategies would be guarantee that any project proposal without clear plans to commercialize or deplete its associated gas would no longer be approved.

    He said gas utilization was a top priority for both the federal government and NNPC as efforts were underway to build infrastructure to replace current fuel and diesel in the country's factories with gas, which is a source of energy. more clean.

    Kyari commented that the trend was in step with the global reality of the energy transition.

    However, he emphasized that Nigeria as a country needed all the hydrocarbons of today to build the energy of tomorrow.

    In his main message, the Minister of State for Petroleum Resources, Chief Timipre Sylva, said that the Ministry of Petroleum Resources was ready to provide the necessary framework and support for a smooth energy transition in the country.

    NNPC GMD/CEO, Malam Mele Kyari

    Also speaking at the event, a former Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, said that focusing on accelerating oil production, refining in the country, developing a flow of finance and taking advantage of the Petroleum Industry Act Petroleum (PIA) were some of the solutions. to the current challenges of the industry.

    He advised that gas should be seen as a transition fuel with an estimated useful life of 20 years, adding that industry players should start looking at alternative sources of energy, such as solar and wind, to catch up with the world before 2060.

    Other panelists, including the Managing Directors of Chevron, SPDC, Exxon Mobil, the Deputy Managing Director of Total Energies, and the General Manager of NLNG, expressed their commitment to the Federal Government's energy transition aspiration, while indicating their willingness to partner. with NNPC for better business opportunities.

    Speaking at the CEO roundtable session with the sub-theme: “Strategies to meet the energy transition”, Kyari said that a key strategy to address the energy transition challenge was to increase investment in physical infrastructure development.

    This, he said, would bring electricity to end users in all parts of the country.

    “We know that in this country, less than 30,000 to 40,000 megawatts of electricity cannot adequately serve this country.

    “The population is growing, the middle class is growing, in fact, their energy requirement is very different; rural-urban migration is at its peak.

    “This means that more and more infrastructure is needed on the ground to close that gap.

    “So we need to be much more productive, industrial growth needs to be accelerated, infrastructure needs to be put in place in the short term to grow the economy to a level where we can generate enough income to close the energy poverty gap.

    "We must respond to the issue of electricity in the country," Kyari said.

    Meanwhile, President Muhammadu Buhari has called on energy industry investors to take advantage of the enabling environment provided by the Power Industry Act (PIA) to accelerate investment in Nigeria's energy sector.

    Speaking at the opening of the recently concluded NIES 2022, the president said that with the PIA underway, there should be no excuse for the country's oil industry players not to deepen their investments, especially in the gas sector.

    The president, who was representing the State for Petroleum Resources, Chief Timipre Sylva, pointed out that the world was moving away from fossil fuels.

    Buhari said it would be in the country's interest to speed up its exploitation of fossil fuels and make good use of the resources for the betterment of the country rather than abandoning the huge oil and gas reserves.

    He recognized the demands of the energy transition and assured that the country is prepared to face the challenges.

    Speaking in his capacity as Minister of State for Petroleum Resources, Sylva said the world should support a push to develop African natural gas production, describing it as green energy to boost electricity generation.

    Boss Timipre Sylva

    Sylva explained that for countries like Nigeria, which was rich in natural resources but still poor in energy, the transition should not come at the expense of affordable and reliable energy for people, cities and industry.

    For his part, NNPC CEO Kyari said the company will continue to develop Nigeria's gas resources despite the departure of International Oil Companies (IOC) from the country due to the global push for energy transition and carbon target. net zero.

    On the energy transition, Kyari said that the NNPC would work with its partners to facilitate the process in Nigeria, regardless of the massive drop in investment in fossil fuel projects amid the departure of IOCs from Nigeria.

    The head of NNPC stated that Nigeria and most sub-Saharan African countries were energy deficient.

    He said that the world had recognized the place of gas as a transition fuel, and stressed that it would not be possible for gas to play that role unless there were investments in the gas sector to produce it, process it and make it available to users.

    It reported that funding for fossil fuel projects had dropped by a percentage compared to what it was about 10 years ago.

    Also, the secretary general of the Organization of Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo, and other African energy ministers present at the summit defended investments in fossil fuels.

    They insisted that the global push for the energy transition to net zero carbon emissions was not in favor of Africa.

    They argued that Africa accounted for less than three percent of global carbon emissions, while some 600 million Africans had no access to electricity, and stressed that stopping fossil fuel investments in Africa would be counterproductive.

    Still in the week under review, NNPC Ltd. signed a multi-million dollar Gas Sales Agreement (GSA) with its partners.

    The partners are Shell Petroleum Development Company (SPDC), Total Energies, ENI and Gas Aggregation Company of Nigeria (GACN).

    The goal is to deliver 70 million standard cubic feet (mscf) of gas to Dangote Fertilizer Limited for fertilizer production and support the Federal Government's aspiration to boost agricultural development in Nigeria.

    Speaking at the signing ceremony in Abuja, NNPC CEO/GMD Malam Mele Kyari said the milestone of delivering such a huge volume of gas to Dangote Fertilizer Plant Train 2 was part of the company's push to ensure a increased use of gas in the country.

    He stressed that the initiative would boost the supply of gas to the domestic market in line with the Federal Government's plan to transform Nigeria into a self-sufficient nation in fertilizer production.

    Signing of gas supply agreement between NNPC, Dangote, Shell and other partners

    In his remarks, the President/CEO of Dangote Group, Mr. Aliko Dangote, said that the execution of the gas sale agreement would not only help meet the supply of fertilizers in the domestic market, but also attract around $ 1.8 billion foreign currency to the country.

    He praised NNPC GMD for its visionary leadership that led to the project upgrade, noting that with GSA, Nigeria would soon become the world's seventh largest fertilizer producer and second in Africa behind Egypt.

    For his part, the President of Shell Companies in Nigeria/Managing Director of Shell Petroleum Development Company (SPDC) Nigeria, Mr. Osagie Okunbor, thanked the effort of NNPC GMD and other partners and described it as the fastest executed GSA in the recent history.

    Also in the week, the Minister of State for Petroleum Resources, Timipre Sylva, expressed his satisfaction with all the measures implemented so far, the Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the NNPC were limited to reducing the current interruption of the fuel supply in the country. an end.

    Saying this when briefed by NNPC Limited GMD/CEO Malam Mele Kyari and Authority Executive Director Mr. Farouk Ahmed on the various measures put in place to end the PMS shortage, Sylva praised the CEOs of the two agencies. and she expressed her confidence in his ability to control the situation.

    Describing the situation as an accident, the Minister pledged his support to the NNPC and the Authority while appealing to consumers to be patient as they were all working to end the supply disruption.

    Meanwhile, Chairman of the Board of Directors, NNPC Limited Senator Margery Chuba Okadigbo expressed confidence in the ability of the current NNPC management to take the company to greater heights.

    Speaking on the sidelines of the recently concluded NIES 2022, Senator Okadigbo said that PIA had placed NNPC in a position of global competitiveness, adding that Kyari, the GMD/CEO has demonstrated the ability to transform the company into a world-class energy company. world. .

    Visit us at for more details.

  •   Herbert Wigwe group managing director of Access Bank Plc says it is possible to end HIV transmission through collective responsibilities Wigwe had this to say at the launch of the HIV Trust Fund for Nigeria HTFN on Tuesday in Abuja He urged the private sector to rise to the occasion so that the government maintains HIV transmission response activities to stop the spread Wigwe pointed out that the original emergency plan to fight HIV AIDS must be transformed into a sustained response to prevent new infections and ensure that those receiving treatment stay on their medications He added that the era of sustainability demands that Africans take responsibility and take ownership of response activities to curb the scourge According to him more than 80 percent of the funds for the response to HIV AIDS come mainly from international donors adding that the private sector currently contributes about two percent of the total funds allocated to HIV Therefore he urged the private sector to do more to fund programs and initiatives to eradicate HIV in the country affirming Access Bank s readiness to support an improved health system He said Access Bank is not known for complacency We are known for our official and economic growth momentum for leadership on national health issues particularly the national response to COVID 19 Access Bank has partnered with other private sector organizations from the Nigerian Business Coalition Against AIDS NiBUCAA to educate our staff and increase public awareness and support for people living with HIV AIDS Wigwe expressed the commitment of the bank and other private sector organizations to ensure that mothers are tested and medicines are provided to end mother to child transmission Dangote Group Chairman Alhaji Aliko Dangote said it was everyone s responsibility to reduce the number of people living with the virus to zero Dangote said that the money to be raised from the launch of HTFN will be channeled towards getting all pregnant women tested and treated He called on the private sector to work with the public sector as often to end the spread of HIV in the country Shell Petroleum s CEO Mr Osagie Okunbor pledged the oil company s commitment to fund initiatives to end the scourge Keep reading Source NAN
    Collective responsibility can end HIV transmission – Wigwe
      Herbert Wigwe group managing director of Access Bank Plc says it is possible to end HIV transmission through collective responsibilities Wigwe had this to say at the launch of the HIV Trust Fund for Nigeria HTFN on Tuesday in Abuja He urged the private sector to rise to the occasion so that the government maintains HIV transmission response activities to stop the spread Wigwe pointed out that the original emergency plan to fight HIV AIDS must be transformed into a sustained response to prevent new infections and ensure that those receiving treatment stay on their medications He added that the era of sustainability demands that Africans take responsibility and take ownership of response activities to curb the scourge According to him more than 80 percent of the funds for the response to HIV AIDS come mainly from international donors adding that the private sector currently contributes about two percent of the total funds allocated to HIV Therefore he urged the private sector to do more to fund programs and initiatives to eradicate HIV in the country affirming Access Bank s readiness to support an improved health system He said Access Bank is not known for complacency We are known for our official and economic growth momentum for leadership on national health issues particularly the national response to COVID 19 Access Bank has partnered with other private sector organizations from the Nigerian Business Coalition Against AIDS NiBUCAA to educate our staff and increase public awareness and support for people living with HIV AIDS Wigwe expressed the commitment of the bank and other private sector organizations to ensure that mothers are tested and medicines are provided to end mother to child transmission Dangote Group Chairman Alhaji Aliko Dangote said it was everyone s responsibility to reduce the number of people living with the virus to zero Dangote said that the money to be raised from the launch of HTFN will be channeled towards getting all pregnant women tested and treated He called on the private sector to work with the public sector as often to end the spread of HIV in the country Shell Petroleum s CEO Mr Osagie Okunbor pledged the oil company s commitment to fund initiatives to end the scourge Keep reading Source NAN
    Collective responsibility can end HIV transmission – Wigwe
    General news8 months ago

    Collective responsibility can end HIV transmission – Wigwe

    Herbert Wigwe, group managing director of Access Bank Plc, says it is possible to end HIV transmission through collective responsibilities.

    Wigwe had this to say at the launch of the HIV Trust Fund for Nigeria (HTFN) on Tuesday in Abuja.

    He urged the private sector to rise to the occasion so that the government maintains HIV transmission response activities to stop the spread.

    Wigwe pointed out that the original emergency plan to fight HIV/AIDS must be transformed into a sustained response to prevent new infections and ensure that those receiving treatment stay on their medications.

    He added that "the era of sustainability demands that Africans take responsibility and take ownership of response activities to curb the scourge."

    According to him, more than 80 percent of the funds for the response to HIV/AIDS come mainly from international donors, adding that the private sector currently contributes about two percent of the total funds allocated to HIV.

    Therefore, he urged the private sector to do more to fund programs and initiatives to eradicate HIV in the country, affirming Access Bank's readiness to support an improved health system.

    He said: “Access Bank is not known for complacency. We are known for our official and economic growth momentum for leadership on national health issues, particularly the national response to COVID-19.

    "Access Bank has partnered with other private sector organizations from the Nigerian Business Coalition Against AIDS (NiBUCAA) to educate our staff and increase public awareness and support for people living with HIV/AIDS."

    Wigwe expressed the commitment of the bank and other private sector organizations to ensure that mothers are tested and medicines are provided to end mother-to-child transmission.

    Dangote Group Chairman Alhaji Aliko Dangote said it was everyone's responsibility to reduce the number of people living with the virus to zero.

    Dangote said that the money to be raised from the launch of HTFN will be channeled towards getting all pregnant women tested and treated.

    He called on the private sector to work with the public sector as often to end the spread of HIV in the country.

    Shell Petroleum's CEO, Mr. Osagie Okunbor, pledged the oil company's commitment to fund initiatives to end the scourge.

    Keep reading

    Source: NAN

  •   Ardova Plc has sealed a deal to be the major distributor of Shell lubricants in Nigeria its Chief Executive Officer Mr Olumide Adeosun said in a statement issued on Sunday in Lagos The deal followed an earlier Memorandum of Understanding signed between Prudent Energy Ardova Plc and Shell Trading International Ltd We are delighted that our company will act as the main distributor for Shell lubricants for the automotive and industrial sectors in Nigeria Adeosun said in the statement The company s chairman Mr AbdulWasiu Sowami said that the goal was to provide customers with the best products The company s goal is to provide customers with the best products and services build partnerships that optimise synergies and create value for all parties involved This deal ticks all those boxes and we are excited to add the Shell range of lubricants to the portfolio of products available to our customers he said Mr Osagie Okunbor Chairman of Shell companies in Nigeria said this is a reinforcement of our commitment to continue to optimise our footprints in Nigeria while working with local companies for mutual benefits and to create opportunities for the people Edited By Alli Hakeem Source NAN
    Ardova seals deal to distribute Shell lubricants in Nigeria
      Ardova Plc has sealed a deal to be the major distributor of Shell lubricants in Nigeria its Chief Executive Officer Mr Olumide Adeosun said in a statement issued on Sunday in Lagos The deal followed an earlier Memorandum of Understanding signed between Prudent Energy Ardova Plc and Shell Trading International Ltd We are delighted that our company will act as the main distributor for Shell lubricants for the automotive and industrial sectors in Nigeria Adeosun said in the statement The company s chairman Mr AbdulWasiu Sowami said that the goal was to provide customers with the best products The company s goal is to provide customers with the best products and services build partnerships that optimise synergies and create value for all parties involved This deal ticks all those boxes and we are excited to add the Shell range of lubricants to the portfolio of products available to our customers he said Mr Osagie Okunbor Chairman of Shell companies in Nigeria said this is a reinforcement of our commitment to continue to optimise our footprints in Nigeria while working with local companies for mutual benefits and to create opportunities for the people Edited By Alli Hakeem Source NAN
    Ardova seals deal to distribute Shell lubricants in Nigeria
    Economy2 years ago

    Ardova seals deal to distribute Shell lubricants in Nigeria

    Ardova Plc has sealed a deal to be the major distributor of Shell lubricants in Nigeria, its Chief Executive Officer, Mr Olumide Adeosun, said in a statement issued on Sunday in Lagos,

    The deal followed an earlier Memorandum of Understanding signed between Prudent Energy, Ardova Plc. and Shell Trading International Ltd.

    “We are delighted that our company will act as the main distributor for Shell lubricants for the automotive and industrial sectors in Nigeria,’’ Adeosun said in the statement.

    The company’s chairman, Mr AbdulWasiu Sowami, said that the goal was to provide customers with the best products.

    “The company’s goal is to provide customers with the best products and services; build partnerships that optimise synergies and create value for all parties involved.

    “This deal ticks all those boxes and we are excited to add the Shell range of lubricants to the portfolio of products available to our customers,’’ he said.

    Mr Osagie Okunbor, Chairman of Shell companies in Nigeria, said: “this is a reinforcement of our commitment to continue to optimise our footprints in Nigeria while working with local companies for mutual benefits and to create opportunities for the people.


    Edited By: Alli Hakeem
    Source: NAN

  •  The Shell Petroleum Development Company SPDC says it has grown its oil output to an average of 514 000 barrels per day bpd and developed additional capacity to produce more Mr Osagie Okunbor the Chairman of Shell Companies in Nigeria disclosed the production data in the oil firm s 2020 briefing notes made available to the News Agency of Nigeria on Wednesday in Yenagoa According to the publication SPDC achieved the feat in 2019 when its production rose more than 10 per cent to 514 000 barrels of oil equivalent per day boe d due to enhanced exploration and production activities On gas production the SPDC stated it fed the domestic market and to the export market through the Nigeria Liquified Natural Gas NLNG plant adding that it supplied approximately 50 per cent of the NLNG plant capacity The company s gas feed to the NLNG facility in Bonny Island in Rivers comes largely from the Gbaran Ubie and Soku plants in Bayelsa and Rivers According to the publication gas production from Soku facility increased from 100 Million standard cubit feet per day MMscf d in 2018 to 350MMScf d in 2019 The SPDC also stated that the improved oil output was due to addition of 106 producing wells within its oil blocks in the Niger Delta The oil firm said that within the period under review the Trans Ramos Pipeline which conveyed crude to its Focados oil export terminal was re opened It said that the Gbaran Ubie gas plant in Yenagoa achieved peak production with 175 000 barrels of oil equivalent per day SPDC said it had the largest oil production asset in the country and operated a leased area of 31 000 square kilometres from which it produced while working to increase capability by investing in exploration and production activities The SPDC JV s assets include 340 producing oil wells consisting 97 land 181 west and 62 central assets 56 producing gas wells 10 land three west and 43 central assets A network of approximately 4 000 km of oil and gas pipelines and flow lines The assets include 10 gas plants two major oil export terminals Bonny and Focados and an additional export facility a shallow water Floating Production Storage and Offloading Vessel christened Sea Eagle currently stationed off Bayelsa coastline One power plant the publication said Edited By Dianabasi Effiong Grace Yussuf Source NAN
    SPDC’s oil production hits 514,000 bpd – Report
     The Shell Petroleum Development Company SPDC says it has grown its oil output to an average of 514 000 barrels per day bpd and developed additional capacity to produce more Mr Osagie Okunbor the Chairman of Shell Companies in Nigeria disclosed the production data in the oil firm s 2020 briefing notes made available to the News Agency of Nigeria on Wednesday in Yenagoa According to the publication SPDC achieved the feat in 2019 when its production rose more than 10 per cent to 514 000 barrels of oil equivalent per day boe d due to enhanced exploration and production activities On gas production the SPDC stated it fed the domestic market and to the export market through the Nigeria Liquified Natural Gas NLNG plant adding that it supplied approximately 50 per cent of the NLNG plant capacity The company s gas feed to the NLNG facility in Bonny Island in Rivers comes largely from the Gbaran Ubie and Soku plants in Bayelsa and Rivers According to the publication gas production from Soku facility increased from 100 Million standard cubit feet per day MMscf d in 2018 to 350MMScf d in 2019 The SPDC also stated that the improved oil output was due to addition of 106 producing wells within its oil blocks in the Niger Delta The oil firm said that within the period under review the Trans Ramos Pipeline which conveyed crude to its Focados oil export terminal was re opened It said that the Gbaran Ubie gas plant in Yenagoa achieved peak production with 175 000 barrels of oil equivalent per day SPDC said it had the largest oil production asset in the country and operated a leased area of 31 000 square kilometres from which it produced while working to increase capability by investing in exploration and production activities The SPDC JV s assets include 340 producing oil wells consisting 97 land 181 west and 62 central assets 56 producing gas wells 10 land three west and 43 central assets A network of approximately 4 000 km of oil and gas pipelines and flow lines The assets include 10 gas plants two major oil export terminals Bonny and Focados and an additional export facility a shallow water Floating Production Storage and Offloading Vessel christened Sea Eagle currently stationed off Bayelsa coastline One power plant the publication said Edited By Dianabasi Effiong Grace Yussuf Source NAN
    SPDC’s oil production hits 514,000 bpd – Report
    Oil & Gas2 years ago

    SPDC’s oil production hits 514,000 bpd – Report

    The Shell Petroleum Development Company (SPDC) says it has grown its oil output to an average of 514,000 barrels per day (bpd) and developed additional capacity to produce more.

    Mr Osagie Okunbor, the Chairman of Shell Companies in Nigeria disclosed the production data in the oil firm’s 2020 briefing notes made available to the News Agency of Nigeria on Wednesday in Yenagoa.

    According to the publication, SPDC achieved the feat in 2019 when its production rose more than 10 per cent to 514,000 barrels of oil equivalent per day (boe/d) due to enhanced exploration and production activities.

    On gas production, the SPDC stated it fed the domestic market and to the export market through the Nigeria Liquified Natural Gas (NLNG) plant, adding that it supplied approximately 50 per cent of the NLNG plant capacity.

    The company’s gas feed to the NLNG facility in Bonny Island in Rivers comes largely from the Gbaran-Ubie and Soku plants in Bayelsa and Rivers.

    According to the publication, gas production from Soku facility increased from 100 Million standard cubit feet per day (MMscf/d) in 2018 to 350MMScf/d in 2019.

    The SPDC also stated that the improved oil output was due to addition of 106 producing wells within its oil blocks in the Niger Delta.

    The oil firm said that within the period under review, the Trans Ramos Pipeline which conveyed crude to its Focados oil export terminal was re-opened.

    It said that the Gbaran-Ubie gas plant in Yenagoa, achieved peak production with 175,000 barrels of oil equivalent per day.

    SPDC said it had the largest oil production asset in the country and operated a leased area of 31,000 square kilometres from which it produced while working to increase capability by investing in exploration and production activities.

    “The SPDC JV’s assets include 340 producing oil wells consisting 97 land, 181 west and 62 central assets, 56 producing gas wells (10 land, three west and 43 central assets). A network of approximately 4,000 km of oil and gas pipelines and flow lines.

    “The assets include 10 gas plants, two major oil export terminals, Bonny and Focados and an additional export facility a shallow water Floating Production Storage and Offloading Vessel christened `Sea Eagle’ currently stationed off Bayelsa coastline, One power plant,” the publication said.


    Edited By: Dianabasi Effiong/Grace Yussuf
    Source: NAN

     

  •   The Nigeria National Petroleum Petroleum Corporation NNPC and its joint Venture JV partners have signed the first basic 20 year term of Gas Supply Agreements GSAs for the NLNG Train 7 They also signed 10 year term of GSAs for Trains 1 2 and 3 The JV partners are Shell Petroleum Development Company of Nigeria SPDC Total Exploration and Production Nigeria TEPNG Nigerian Agip Oil company Limited NAOC and Oando PLC The Group Managing Director of NNPC Malam Mele Kyari said that the agreement signalled commitment of all to the gas project in the country He said that the GSAs bring NLNG closer to taking Final Investment Decision FID which signalled the commencement of the project He said that with the agreement the FID on train seven would be taken latest Dec 20 The Train 7 project will ramp up NLNG s production capacity from 22 Million Tonnes Per Annum MTPA to around 30 MTPA The project will form part of the investment of over19 billion dollars including the upstream scope of the NLNG value chain thereby boosting the much needed FID profile of Nigeria The project is anticipated to create over 10 000 new jobs during its construction phase and on completion help to further mop more gas that would have been flared and diversify the revenue portfolio of Nigeria he said The Managing Director of Shell Mr Osagie Okunbor said that delivering gas to train 7 was an important part of the project He said Nigeria at this point should not be talking about train 7 but should be looking at train eight to train 12 But what we have done here today is very significant and we believe that more will be done in the future he said Also Patrick Olima of Total assured that the company would be committed to the supply of gas as signed in the agreement We are committed in doing business in Nigeria just like we have done with Egina FPSO we will do same with this project he said Mr Wale Tinubu Managing Director of Oando reiterated that his company would be committed to the agreement We are happy to be part of this process he said In his remarks Mr Tony Attah the Managing Director of NLNG said that signing of the agreement was a great moment for the NLNG He said that with FID on train 7 Nigeria was moving in the right direction What we have done today is among the top three things needed before the FID is taken without this financiers will not come for train 7 We are happy with the commitment of the partners that have signed this agreement today this agreement will further consolidate our relationship We need to move fast as a country to maintain a strong position in the global space Nigeria at this stage should not be talking only about train 7 but we should be talking about Train 12 he said He added that with full implementation of the GSA would spur NLNG to build more trains Edited by Donald Ugwu NAN
    NNPC, JVs sign Gas Supply Agreements on NLNG Trains 1, 2, 3, 7
      The Nigeria National Petroleum Petroleum Corporation NNPC and its joint Venture JV partners have signed the first basic 20 year term of Gas Supply Agreements GSAs for the NLNG Train 7 They also signed 10 year term of GSAs for Trains 1 2 and 3 The JV partners are Shell Petroleum Development Company of Nigeria SPDC Total Exploration and Production Nigeria TEPNG Nigerian Agip Oil company Limited NAOC and Oando PLC The Group Managing Director of NNPC Malam Mele Kyari said that the agreement signalled commitment of all to the gas project in the country He said that the GSAs bring NLNG closer to taking Final Investment Decision FID which signalled the commencement of the project He said that with the agreement the FID on train seven would be taken latest Dec 20 The Train 7 project will ramp up NLNG s production capacity from 22 Million Tonnes Per Annum MTPA to around 30 MTPA The project will form part of the investment of over19 billion dollars including the upstream scope of the NLNG value chain thereby boosting the much needed FID profile of Nigeria The project is anticipated to create over 10 000 new jobs during its construction phase and on completion help to further mop more gas that would have been flared and diversify the revenue portfolio of Nigeria he said The Managing Director of Shell Mr Osagie Okunbor said that delivering gas to train 7 was an important part of the project He said Nigeria at this point should not be talking about train 7 but should be looking at train eight to train 12 But what we have done here today is very significant and we believe that more will be done in the future he said Also Patrick Olima of Total assured that the company would be committed to the supply of gas as signed in the agreement We are committed in doing business in Nigeria just like we have done with Egina FPSO we will do same with this project he said Mr Wale Tinubu Managing Director of Oando reiterated that his company would be committed to the agreement We are happy to be part of this process he said In his remarks Mr Tony Attah the Managing Director of NLNG said that signing of the agreement was a great moment for the NLNG He said that with FID on train 7 Nigeria was moving in the right direction What we have done today is among the top three things needed before the FID is taken without this financiers will not come for train 7 We are happy with the commitment of the partners that have signed this agreement today this agreement will further consolidate our relationship We need to move fast as a country to maintain a strong position in the global space Nigeria at this stage should not be talking only about train 7 but we should be talking about Train 12 he said He added that with full implementation of the GSA would spur NLNG to build more trains Edited by Donald Ugwu NAN
    NNPC, JVs sign Gas Supply Agreements on NLNG Trains 1, 2, 3, 7
    Oil & Gas3 years ago

    NNPC, JVs sign Gas Supply Agreements on NLNG Trains 1, 2, 3, 7

    The Nigeria National Petroleum Petroleum Corporation (NNPC) and its joint Venture (JV) partners have signed the first basic 20-year term of Gas Supply Agreements (GSAs) for the NLNG Train 7.

    They also signed 10-year term of GSAs for Trains 1, 2 and 3.

    The JV partners are Shell Petroleum Development Company of Nigeria (SPDC), Total Exploration and Production Nigeria (TEPNG), Nigerian Agip Oil company Limited (NAOC) and Oando PLC.

    The Group Managing Director of NNPC, Malam Mele Kyari, said that the agreement signalled commitment of all to the gas project in the country.

    He said that the GSAs bring NLNG closer to taking Final Investment Decision (FID) which signalled the commencement of the project.

    He said that with the agreement, the FID on train seven would be taken latest Dec. 20.

    “The Train 7 project will ramp up NLNG’s production capacity from 22 Million Tonnes Per Annum (MTPA) to around 30 MTPA.

    “The project will form part of the investment of over19 billion dollars including the upstream scope of the NLNG value chain, thereby boosting the much needed FID profile of Nigeria.

    “The project is anticipated to create over 10,000 new jobs during its construction phase and on completion help to further mop more gas that would have been flared and diversify the revenue portfolio of Nigeria,” he said.

    The Managing Director of Shell, Mr Osagie Okunbor, said that delivering gas to train 7 was an important part of the project.

    He said Nigeria at this point should not be talking about train 7 but should be looking at train eight to train 12.

    “But what we have done here today is very significant and we believe that more will be done in the future,” he said

    Also, Patrick Olima of Total assured that the company would be committed to the supply of gas as signed in the agreement.

    “We are committed in doing business in Nigeria just like we have done with Egina FPSO, we will do same with this project,” he said.

    Mr Wale Tinubu, Managing Director of Oando, reiterated that his company would be committed to the agreement.

    “We are happy to be part of this process,” he said.

    In his remarks, Mr Tony Attah, the Managing Director of NLNG, said that signing of the agreement was a great moment for the NLNG.

    He said that with FID on train 7, Nigeria was moving in the right direction.

    “What we have done today is among the top three things needed before the FID is taken; without this, financiers will not come for train 7.

    “We are happy with the commitment of the partners that have signed this agreement today; this agreement will further consolidate our relationship.

    “We need to move fast as a country to maintain a strong position in the global space.

    “Nigeria at this stage should not be talking only about train 7 but we should be talking about Train 12,” he said.

    He added that with full implementation of the GSA would spur NLNG to build more trains.

    Edited by: Donald Ugwu

    (NAN)