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  •  Seplat Energy Plc on Wednesday said there were huge business opportunities for investors in Nigeria s transition to cleaner sources of energy Mr Roger Brown the Chief Executive Officer Seplat Energy Plc made this known while delivering a keynote address at the 2022 Society of Petroleum Engineers SPE Nigeria Annual International Conference and Exhibition NAICE in Lagos The News Agency of Nigeria reports that the topic of the panel session was Operationalising a Clean Energy Transition for Sustainable Development in Africa Represented by Mr Effiong Okon New Energies Director Seplat Energy Plc Brown said lack of access to energy by Nigeria and other African countries remain a huge opportunity for investors He said Nigeria in particular had a strong potential for growth and that energy transition was an opportunity to create a sustainable future for the country According to him Nigeria s population is projected to hit 329 million by 2040 with an electricity demand of 240TWh Brown said there was the need for investment in gas and renewables such as hydro solar and wind which would play key roles in Nigeria s industrialisation in the near future He said The greatest business opportunity ahead of us is to supply the right mix of energy to support Nigeria s growth In doing so we must make a positive social impact and contribute to Nigeria s achievement of the United Nations Sustainable Development Goals Brown said Seplat was in support of the Federal Government s decision to make gas Nigeria s energy transition fuel and would continue to make investments toward the development and utilisation of the country s abundant gas resources While listing the company s achievement he said Seplat had since 2011 invested a capex of 1 7 billion in the sector and had paid 445 million dividends since its Initial Public Offerring IPO He said the 700 million ANOH Gas Processing Company being constructed by Seplat and the Nigerian National Petroleum Company Ltd at Asaa in Imo was nearing completion Brown said the project when completed would provide gas to boost the much needed supply of power to millions of homes and businesses across Nigeria to facilitate better standard of living and drive economic growth Earlier Prof Olalekan Olafuyi Chairman SPE Nigeria Council urged African countries to priotise reduction of energy poverty in the continent while also working on decarbonising the energy system Olafuyi said that the continent s contribution to global carbon emission was relatively low He added that there was the need to utilise its huge hydrocarbon resources for industrialisation and human capital development NewsSourceCredit NAN
    Huge investment opportunities in Nigeria’s energy transition abound – Seplat
     Seplat Energy Plc on Wednesday said there were huge business opportunities for investors in Nigeria s transition to cleaner sources of energy Mr Roger Brown the Chief Executive Officer Seplat Energy Plc made this known while delivering a keynote address at the 2022 Society of Petroleum Engineers SPE Nigeria Annual International Conference and Exhibition NAICE in Lagos The News Agency of Nigeria reports that the topic of the panel session was Operationalising a Clean Energy Transition for Sustainable Development in Africa Represented by Mr Effiong Okon New Energies Director Seplat Energy Plc Brown said lack of access to energy by Nigeria and other African countries remain a huge opportunity for investors He said Nigeria in particular had a strong potential for growth and that energy transition was an opportunity to create a sustainable future for the country According to him Nigeria s population is projected to hit 329 million by 2040 with an electricity demand of 240TWh Brown said there was the need for investment in gas and renewables such as hydro solar and wind which would play key roles in Nigeria s industrialisation in the near future He said The greatest business opportunity ahead of us is to supply the right mix of energy to support Nigeria s growth In doing so we must make a positive social impact and contribute to Nigeria s achievement of the United Nations Sustainable Development Goals Brown said Seplat was in support of the Federal Government s decision to make gas Nigeria s energy transition fuel and would continue to make investments toward the development and utilisation of the country s abundant gas resources While listing the company s achievement he said Seplat had since 2011 invested a capex of 1 7 billion in the sector and had paid 445 million dividends since its Initial Public Offerring IPO He said the 700 million ANOH Gas Processing Company being constructed by Seplat and the Nigerian National Petroleum Company Ltd at Asaa in Imo was nearing completion Brown said the project when completed would provide gas to boost the much needed supply of power to millions of homes and businesses across Nigeria to facilitate better standard of living and drive economic growth Earlier Prof Olalekan Olafuyi Chairman SPE Nigeria Council urged African countries to priotise reduction of energy poverty in the continent while also working on decarbonising the energy system Olafuyi said that the continent s contribution to global carbon emission was relatively low He added that there was the need to utilise its huge hydrocarbon resources for industrialisation and human capital development NewsSourceCredit NAN
    Huge investment opportunities in Nigeria’s energy transition abound – Seplat
    General news2 months ago

    Huge investment opportunities in Nigeria’s energy transition abound – Seplat

    Seplat Energy Plc on Wednesday said there were huge business opportunities for investors in Nigeria’s transition to cleaner sources of energy.

    Mr Roger Brown, the Chief Executive Officer Seplat Energy Plc, made this known while delivering a keynote address at the 2022 Society of Petroleum Engineers (SPE) Nigeria Annual International Conference and Exhibition (NAICE) in Lagos.

    The News Agency of Nigeria reports that the topic of the panel session was: “Operationalising a Clean Energy Transition for Sustainable Development in Africa.

    ” Represented by Mr Effiong Okon, New Energies Director, Seplat Energy Plc, Brown said lack of access to energy by Nigeria and other African countries remain a huge opportunity for investors.

    He said Nigeria in particular had a strong potential for growth and that energy transition was an opportunity to create a sustainable future for the country.

    According to him, Nigeria’s population is projected to hit 329 million by 2040 with an electricity demand of 240TWh. Brown said there was the need for investment in gas and renewables such as hydro, solar and wind which would play key roles in Nigeria’s industrialisation in the near future.

    He said: “The greatest business opportunity ahead of us is to supply the right mix of energy to support Nigeria’s growth.

    “In doing so, we must make a positive social impact and contribute to Nigeria’s achievement of the United Nations’ Sustainable Development Goals.

    ” Brown said Seplat was in support of the Federal Government’s decision to make gas Nigeria’s energy transition fuel and would continue to make investments toward the development and utilisation of the country’s abundant gas resources.

    While listing the company’s achievement, he said Seplat had since 2011 invested a capex of $1.7 billion in the sector and had paid $445 million dividends since its Initial Public Offerring (IPO).

    He said the $700 million ANOH Gas Processing Company being constructed by Seplat and the Nigerian National Petroleum Company Ltd. at Asaa, in Imo was nearing completion.

    Brown said the project, when completed would provide gas to boost the much-needed supply of power to millions of homes and businesses across Nigeria to facilitate better standard of living and drive economic growth.

    Earlier, Prof. Olalekan Olafuyi, Chairman, SPE Nigeria Council, urged African countries to priotise reduction of energy poverty in the continent while also working on decarbonising the energy system.

    Olafuyi said that the continent’s contribution to global carbon emission was relatively low.

    He added that there was the need to utilise its huge hydrocarbon resources for industrialisation and human capital development.


    NewsSourceCredit: NAN

  •  Stakeholders in the gas sector on Tuesday called for a holistic approach in fixing Nigeria s gas crisis especially with the lingering supply shortage and price increment The stakeholders identified insecurity naira depreciation and lack of a workable pricing template as some of the factors affecting the development of Nigeria s gas sector They spoke during a panel session with the topic Harnessing the Opportunities in the Nigerian Gas Sector at the 2022 Nigerian Oil and Gas NOG conference in Abuja The News Agency of Nigeria reports that those who spoke included Mr Roger Brown the Chief Executive Officer Seplat Energy Plc Mr Phillip Mshelbila Chief Executive Officer Nigeria LNG Ltd and Mr Ed Ubong President Nigerian Gas Association NGA Brown said Nigeria was blessed with abundant gas resources but needed the right investments to maximise opportunities in the sector He said There s a wall of money ready to come into this country but they look at barriers to it and one of the biggest barrier is the currency So currency convertibility you know bringing equipment in dollars and then having a mainly Naira revenue stream These things are fixable We need to get those right there in any amount of big projects and really exciting projects And what I like about the economics here in Nigeria is that they are unbelievably good Rogers said with majority of Nigerians lacking access to energy it was a huge opportunity for both local and foreigner investors to come into the sector He said the 700 million ANOH Gas Processing Company being constructed by Seplat and the NNPC at Asaa in Imo State was near completion Rogers said the project when completed would provide gas to boost the much needed supply of power to millions of homes and businesses across Nigeria to facilitate better standard of living and drive economic growth Also Mshelbila said there was the need for a collaborative and comprehensive solution to the issue which was already captured in the Decade of Gas Plan of the Federal Government He said What many people may not be aware of is that we actually have the plan captured in the decade of gas framework It s an excellent piece of work It has looked at the demand side of natural gas in Nigeria domestic and export It has looked at the supply side then looked at infrastructure and then it has looked at the commercial or economic framework that is needed to address all of this And it has outlined very specific things that need to be done to address it The NLNG boss said the plan included construction of gas pipelines the ongoing NLNG Train 7 project as well as gas to power initiative that would drive industrial growth in the country On his part Ubong tendered an apology to Nigerians for the scarcity of gas in the country especially within the last six months There is not enough gas for cooking so the cooking gas prices have gone up There is not enough gas to fire the terminal plant so there is virtually no electricity the NGA president said He said it was very clear that upstream players were not happy with the legacy debts that they were being owed for gas supplied for power generation Ubong said My appeal to the Federal Government is let s find a way and pay this money so that there will be peace It is my suggestion that the Federal Government should then hold upstream producers The government can thereafter say I have defrayed my debt you must then bring the gas volumes that you promised so that there will be enough supply in the country NewsSourceCredit NAN
    Seplat, NLNG proffer solutions to Nigeria’s gas crisis
     Stakeholders in the gas sector on Tuesday called for a holistic approach in fixing Nigeria s gas crisis especially with the lingering supply shortage and price increment The stakeholders identified insecurity naira depreciation and lack of a workable pricing template as some of the factors affecting the development of Nigeria s gas sector They spoke during a panel session with the topic Harnessing the Opportunities in the Nigerian Gas Sector at the 2022 Nigerian Oil and Gas NOG conference in Abuja The News Agency of Nigeria reports that those who spoke included Mr Roger Brown the Chief Executive Officer Seplat Energy Plc Mr Phillip Mshelbila Chief Executive Officer Nigeria LNG Ltd and Mr Ed Ubong President Nigerian Gas Association NGA Brown said Nigeria was blessed with abundant gas resources but needed the right investments to maximise opportunities in the sector He said There s a wall of money ready to come into this country but they look at barriers to it and one of the biggest barrier is the currency So currency convertibility you know bringing equipment in dollars and then having a mainly Naira revenue stream These things are fixable We need to get those right there in any amount of big projects and really exciting projects And what I like about the economics here in Nigeria is that they are unbelievably good Rogers said with majority of Nigerians lacking access to energy it was a huge opportunity for both local and foreigner investors to come into the sector He said the 700 million ANOH Gas Processing Company being constructed by Seplat and the NNPC at Asaa in Imo State was near completion Rogers said the project when completed would provide gas to boost the much needed supply of power to millions of homes and businesses across Nigeria to facilitate better standard of living and drive economic growth Also Mshelbila said there was the need for a collaborative and comprehensive solution to the issue which was already captured in the Decade of Gas Plan of the Federal Government He said What many people may not be aware of is that we actually have the plan captured in the decade of gas framework It s an excellent piece of work It has looked at the demand side of natural gas in Nigeria domestic and export It has looked at the supply side then looked at infrastructure and then it has looked at the commercial or economic framework that is needed to address all of this And it has outlined very specific things that need to be done to address it The NLNG boss said the plan included construction of gas pipelines the ongoing NLNG Train 7 project as well as gas to power initiative that would drive industrial growth in the country On his part Ubong tendered an apology to Nigerians for the scarcity of gas in the country especially within the last six months There is not enough gas for cooking so the cooking gas prices have gone up There is not enough gas to fire the terminal plant so there is virtually no electricity the NGA president said He said it was very clear that upstream players were not happy with the legacy debts that they were being owed for gas supplied for power generation Ubong said My appeal to the Federal Government is let s find a way and pay this money so that there will be peace It is my suggestion that the Federal Government should then hold upstream producers The government can thereafter say I have defrayed my debt you must then bring the gas volumes that you promised so that there will be enough supply in the country NewsSourceCredit NAN
    Seplat, NLNG proffer solutions to Nigeria’s gas crisis
    Oil & Gas3 months ago

    Seplat, NLNG proffer solutions to Nigeria’s gas crisis

    Stakeholders in the gas sector on Tuesday called for a holistic approach in fixing Nigeria’s gas crisis, especially with the lingering supply shortage and price increment.The stakeholders identified insecurity, naira depreciation and lack of a workable pricing template as some of the factors affecting the development of Nigeria’s gas sector.They spoke during a panel session with the topic:” Harnessing the Opportunities in the Nigerian Gas Sector,” at the 2022 Nigerian Oil and Gas (NOG) conference in Abuja.The News Agency of Nigeria reports that those who spoke included Mr Roger Brown, the Chief Executive Officer, Seplat Energy Plc, Mr Phillip Mshelbila, Chief Executive Officer, Nigeria LNG Ltd. and Mr Ed Ubong, President, Nigerian Gas Association ( NGA).Brown said Nigeria was blessed with abundant gas resources but needed the right investments to maximise opportunities in the sector.He said: “There’s a wall of money ready to come into this country; but they look at barriers to it and one of the biggest barrier is the currency.“So, currency convertibility you know, bringing equipment in dollars, and then having a mainly Naira revenue stream.“These things are fixable. We need to get those right there in any amount of big projects and really exciting projects. And what I like about the economics here in Nigeria is that they are unbelievably good.”Rogers said with majority of Nigerians lacking access to energy, it was a huge opportunity for both local and foreigner investors to come into the sector.He said the $700 million ANOH Gas Processing Company being constructed by Seplat and the NNPC at Asaa, , in Imo State was near completion.Rogers said the project when completed would provide gas to boost the much-needed supply of power to millions of homes and businesses across Nigeria to facilitate better standard of living and drive economic growth.Also, Mshelbila said there was the need for a collaborative and comprehensive solution to the issue which was already captured in the Decade of Gas Plan of the Federal Government.He said: “What many people may not be aware of is that we actually have the plan captured in the decade of gas framework.“It’s an excellent piece of work. It has looked at the demand side of natural gas in Nigeria, domestic and export.“It has looked at the supply side, then looked at infrastructure, and then it has looked at the commercial or economic framework that is needed to address all of this. And it has outlined very specific things that need to be done to address it.”The NLNG boss said the plan included construction of gas pipelines, the ongoing NLNG Train 7 project as well as gas to power initiative that would drive industrial growth in the country.On his part, Ubong tendered an apology to Nigerians for the scarcity of gas in the country, especially within the last six months.“There is not enough gas for cooking, so the cooking gas prices have gone up. There is not enough gas to fire the terminal plant, so there is virtually no electricity,” the NGA president said.He said it was very clear that upstream players were not happy with the legacy debts that they were being owed for gas supplied for power generation.Ubong said: “My appeal to the Federal Government is let’s find a way and pay this money so that there will be peace.“It is my suggestion that the Federal Government should then hold upstream producers.“The government can thereafter say, ‘I have defrayed my debt, you must then bring the gas volumes that you promised so that there will be enough supply in the country.”NewsSourceCredit: NAN

  •  Seplat Energy Plc has recorded a pre tax profit of 177 million dollars for the year ended December 2021 The amount is 321 per cent higher than the 80 million dollars recorded by the company which is listed on the Nigerian Exchange and the London Stock Exchange in 2020 Mr Roger Brown Chief Executive Officer Seplat Energy Plc made the announcement while speaking with newsmen after the 9th Annual General Meeting of the company on Wednesday in Lagos Brown said Seplat s revenue increased by 38 per cent to 733 million dollars in 2021 when compared with 531 million dollars in the 2020 financial year He said the company made 618 4 million dollars from oil sales while 114 8 million dollars revenue was made from gas in 2021 According to him oil revenues went up on higher price of 70 54 dollars per barrel in 2021 compared to the 39 95 dollars per barrel it was sold in 2020 as a result of the COVID 19 pandemic Brown said the board also agreed on the payment of dividends at 10 cents per share for its shareholders which would be paid quarterly So the company has bounced back from 2020 It is in a strong footing going forward and the circumstances show that we are having a better result going into 2022 he said Brown also noted that the ongoing conflict between Russia and Ukraine had provided Nigeria with a unique opportunity to take its gas into the European market He however said Seplat remained committed to meeting the domestic gas needs of the country in order to reduce lack of access to energy which was critical to development Also Dr ABC Orjiako outgoing Board Chairman Seplat Energy Plc said the company would continue to make massive investments to grow its oil and gas production and reserves Orjiako said Seplat had paid over 2 billion dollars in taxes and royalties to the federal government and had also paid about 12 billion dollars to its production partners including the Nigerian National Petroleum Company NNPC Ltd He said the 700 million dollar ANOH Gas Processing Company being constructed by Seplat and the NNPC at Asaa in Imo was nearing completion He said the project which would produce about 300 MMscfd reinforced Seplat s commitment towards its leading position in the transition to a cleaner source of energy while providing sustainable development to its host communities Orjiako said the project when completed would provide gas to boost the much needed supply of power to millions of homes and businesses across Nigeria to facilitate better standard of living and drive economic growth He also provided update on Seplat s recent acquisition of the entire share capital of Mobil Producing Nigeria Unlimited MPNU from ExxonMobil Corporation Delaware United States of America Orjiako said the company was currently engaging the government and its partners to obtain the needed consent to finalise the deal Commenting on the recent launch of Seplat Energy Tree 4 Life Initiative in Abuja he said the project would be piloted in five states with the goal of planting one million trees annually for the first five years He said Environmental sustainability is critical to our operations The climate change situation needs to be mitigate and that is why we took up this initiative We are also targeting to take out flares in our operations by 2024 six years ahead of the time frame of 2030 set by the Federal Government NAN
    Seplat posts 7m pre-tax profit for 2021
     Seplat Energy Plc has recorded a pre tax profit of 177 million dollars for the year ended December 2021 The amount is 321 per cent higher than the 80 million dollars recorded by the company which is listed on the Nigerian Exchange and the London Stock Exchange in 2020 Mr Roger Brown Chief Executive Officer Seplat Energy Plc made the announcement while speaking with newsmen after the 9th Annual General Meeting of the company on Wednesday in Lagos Brown said Seplat s revenue increased by 38 per cent to 733 million dollars in 2021 when compared with 531 million dollars in the 2020 financial year He said the company made 618 4 million dollars from oil sales while 114 8 million dollars revenue was made from gas in 2021 According to him oil revenues went up on higher price of 70 54 dollars per barrel in 2021 compared to the 39 95 dollars per barrel it was sold in 2020 as a result of the COVID 19 pandemic Brown said the board also agreed on the payment of dividends at 10 cents per share for its shareholders which would be paid quarterly So the company has bounced back from 2020 It is in a strong footing going forward and the circumstances show that we are having a better result going into 2022 he said Brown also noted that the ongoing conflict between Russia and Ukraine had provided Nigeria with a unique opportunity to take its gas into the European market He however said Seplat remained committed to meeting the domestic gas needs of the country in order to reduce lack of access to energy which was critical to development Also Dr ABC Orjiako outgoing Board Chairman Seplat Energy Plc said the company would continue to make massive investments to grow its oil and gas production and reserves Orjiako said Seplat had paid over 2 billion dollars in taxes and royalties to the federal government and had also paid about 12 billion dollars to its production partners including the Nigerian National Petroleum Company NNPC Ltd He said the 700 million dollar ANOH Gas Processing Company being constructed by Seplat and the NNPC at Asaa in Imo was nearing completion He said the project which would produce about 300 MMscfd reinforced Seplat s commitment towards its leading position in the transition to a cleaner source of energy while providing sustainable development to its host communities Orjiako said the project when completed would provide gas to boost the much needed supply of power to millions of homes and businesses across Nigeria to facilitate better standard of living and drive economic growth He also provided update on Seplat s recent acquisition of the entire share capital of Mobil Producing Nigeria Unlimited MPNU from ExxonMobil Corporation Delaware United States of America Orjiako said the company was currently engaging the government and its partners to obtain the needed consent to finalise the deal Commenting on the recent launch of Seplat Energy Tree 4 Life Initiative in Abuja he said the project would be piloted in five states with the goal of planting one million trees annually for the first five years He said Environmental sustainability is critical to our operations The climate change situation needs to be mitigate and that is why we took up this initiative We are also targeting to take out flares in our operations by 2024 six years ahead of the time frame of 2030 set by the Federal Government NAN
    Seplat posts 7m pre-tax profit for 2021
    General news5 months ago

    Seplat posts $177m pre-tax profit for 2021

    Seplat Energy Plc has recorded a pre-tax profit of 177 million dollars for the year ended December 2021.

    The amount is 321 per cent higher than the 80 million dollars recorded by the company, which is listed on the Nigerian Exchange and the London Stock Exchange, in 2020.

    Mr Roger Brown, Chief Executive Officer, Seplat Energy Plc, made the announcement while speaking with newsmen after the 9th Annual General Meeting of the company on Wednesday in Lagos.

    Brown said Seplat’s revenue increased by 38 per cent to 733 million dollars in 2021 when compared with 531 million dollars in the 2020 financial year.

    He said the company made 618.4 million dollars from oil sales while 114.8 million dollars revenue was made from gas in 2021.

    According to him, oil revenues went up on higher price of 70.54 dollars per barrel in 2021 compared to the 39.95 dollars per barrel it was sold in 2020 as a result of the COVID-19 pandemic.

    Brown said the board also agreed on the payment of dividends at 10 cents per share for its shareholders, which would be paid quarterly.

    “So, the company has bounced back from 2020. It is in a strong footing going forward and the circumstances show that we are having a better result going into 2022,” he said.

    Brown also noted that the ongoing conflict between Russia and Ukraine had provided Nigeria with a unique opportunity to take its gas into the European market.

    He, however, said Seplat remained committed to meeting the domestic gas needs of the country in order to reduce lack of access to energy, which was critical to development.

    Also, Dr ABC Orjiako, outgoing Board Chairman, Seplat Energy Plc, said the company would continue to make massive investments to grow its oil and gas production and reserves.

    Orjiako said Seplat had paid over 2 billion dollars in taxes and royalties to the federal government and had also paid about 12 billion dollars to its production partners, including the Nigerian National Petroleum Company (NNPC) Ltd.

    He said the 700 million dollar ANOH Gas Processing Company, being constructed by Seplat and the NNPC at Asaa, in Imo, was nearing completion.

    He said the project, which would produce about 300 MMscfd, reinforced Seplat’s commitment towards its leading position in the transition to a cleaner source of energy, while providing sustainable development to its host communities.

    Orjiako said the project, when completed, would provide gas to boost the much-needed supply of power to millions of homes and businesses across Nigeria to facilitate better standard of living and drive economic growth.

    He also provided update on Seplat’s recent acquisition of the entire share capital of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil Corporation, Delaware, United States of America.

    Orjiako said the company was currently engaging the government and its partners to obtain the needed consent to finalise the deal.

    Commenting on the recent launch of `Seplat Energy Tree 4 Life Initiative’ in Abuja, he said the project would be piloted in five states with the goal of planting one million trees annually for the first five years.

    He said: “Environmental sustainability is critical to our operations. The climate change situation needs to be mitigate, and that is why we took up this initiative.

    “We are also targeting to take out flares in our operations by 2024, six years ahead of the time frame of 2030 set by the Federal Government.”

    (NAN)

  •  The International Society of Petroleum Engineers said on Wednesday that investment in crude oil production over the past five years has witnessed a drop of around 50 percent Kamel Ben Naceur chairman said the drop was due to the global outcry over reducing carbon dioxide emissions and the negative impact of the COVID 19 pandemic on the oil and gas industry The Nigerian News Agency reports that Ben Naceur said this while delivering his keynote speech at the ongoing Offshore Technology Conference OTC in Houston Texas USA Ben Naceur cited 2015 as the start of a slump in investment in the industry s upstream sector but added that the situation had changed before the global pandemic in 2020 According to him upstream investment experienced sharp falls by 26 percent between 2015 and 2016 However investment rose again until 2019 before experiencing a 30 percent drop in 2020 If you look at the relative decline in investment in the upstream sector in general in less than five years we have reduced upstream investment by 50 percent which is almost unheard of You have to go back to the mid 1980s to see that kind of trend This came as Nigerian operators are calling for more investment in the sector to drive the necessary development in the sector and impact the country s economy he said The President noted that the COVID 19 pandemic had a unique impact on the energy industry and would pave the way for the energy transition on its way to net zero emissions The COVID 19 pandemic caused the largest one year drop in oil demand at 10 4 while natural gas demand fell by about 2 In addition the demand for coal and nuclear fell by about four percent Hydroelectric and renewable energy demand increased albeit by smaller margins Ben Naceur noted He expressed optimism that demand would continue to rise in 2023 as demand for crude oil had returned to pre pandemic levels noting that natural gas had done better Ben Naceur said The most dramatic increase is in the price of natural gas from April 2020 to the end of 2021 natural gas went from about three or four dollars per MMbtu to about 40 per MMbtu a dozen increased folds We ve never seen that kind of increase in gasoline prices in a one year period He stressed that there were signs that the situation had changed saying there has been a significant increase in upstream investment in 2022 On the reality of the energy transition Ben Nacuer said that the energy transition was more like a reality with sales of electric cars rising from one million to two million before 2018 to nearly seven million or nine percent of new cars sold in 2021 Renewable energy capacity continues to be added and the industry is always learning about the incentives of decarbonization There are a few different energy transition scenarios predicted by the International Energy Agency and each one will bring different costs and outcomes For the first time today s pledges if implemented in time and fully will keep the increase in global average temperatures in 2100 below two degrees Celsius Decarbonization will require many factors in combination to be successful including avoided demand CO2 capture and storage hydrogen bioenergy technological performance electrification other renewables and other fuel shifts But no matter the mix or the policies reaching net zero emissions still requires more investment in oil and gas We still need to invest more than we invest today Investment in the oil and gas industry will be crucial We are not investing enough in clean energy and that is the big problem facing the world Part of that investment will be in carbon capture and storage which is projected to expand significantly by 2030 The world continues with its need to access energy in a safe affordable and clean way Reducing greenhouse gas emissions and burning are critical Accelerating the energy transition will still require a large share of oil and gas he added Meanwhile stakeholders in the Nigerian oil and gas industry have scrambled to take advantage of the federal government s declaration of the year 2021 to 2030 as a gas decade Some Nigerian operators participating in the OTC such as Lee Engineering and Construction Company Ltd OILSERV Ltd and Seplat Energy Plc emphasized the need for local companies to invest in the natural gas sector of the industry They also called for more investment insisting that huge opportunities were available to investors in the sector The president of Lee Engineering and Construction Company Ltd Dr Leemon Ikpea emphasized the importance of improving the development of the country s infrastructure He stated that his company remained committed to creating much needed infrastructure which is why the company had committed more than 100 million to build a manufacturing yard in Warri Delta its operating base The project scheduled for commissioning this year will ensure the manufacture of any equipment needed in the oil and gas industry locally and across the African spectrum The company will focus on manufacturing and fabricating any equipment needed in the oil and gas industry On Nigeria s workforce capacity he noted that when I was a manager I didn t just sit in my office I took time to understand how the company operated I noticed that many Nigerians were doing various jobs like electricians welders etc The foreigners were there mostly as supervisors There are many skilled Nigerian workers around The idea of moving from contract hunting to manufacturing the equipment and parts needed by the oil and gas industry has many benefits for the sector First of all it generates technology transfer it saves foreign exchange it creates capacity along with many other multiplier effects he explained Ikpea identified the commitment and timely delivery of quality work as some of the qualities that distinguish companies that want to stand out in the development of the sector For his part the Chairman of Oilserv Ltd Mr Emeka Okwuosa said his company s involvement in the construction of the Ajaokuta Kaduna Kano AKK gas pipeline project was an indication of Nigeria s commitment to the energy transition According to him the collection of natural gas which is abundant in the country is key to Nigeria s energy and economic development The AKK project will stimulate the development of gas infrastructure and industrialization in Nigeria Okwuosa said The AKK gas project when completed will boost the agricultural and manufacturing sectors carbon footprint as part of measures to reduce global warming and provide gas for power generation and gas based industries He said that the project is aimed at transporting raw natural gas which would allow the production of Compressed Natural Gas CNG Liquefied Natural Gas LNG among others The project is important for Nigeria because the gas is what will help Nigeria to develop Development cannot happen without energy and our largest form of energy in terms of availability is gas For Seplat Energy Plc there are huge opportunities in the gas business that when seized would transform Nigeria and Africa making it a potential hub of the future Regarding the growth expectations of the sector the executive director of the company Mr Roger Brown reiterated that the development of gas and technology are key to guaranteeing a robust transition He said As the sector grows and evolves and struggles through transition we need to be super efficient in what we do particularly upstream and technology is very critical to that We believe that IT and cyber support are more efficient technologies that are needed in infrastructure development We are bringing more technologies to our project such as the use of solar energy gas We believe in the gas business since we will develop LPG We will complete the Assa North Ohaji South ANOH gas plant next year and it is a game changer for us We re also upgrading the Sapele gas plant right now and putting in LPG and expanding that second pillar of our business which is processing gas into electricity We are really looking at what renewable technologies will be adopted in our business that will be the best for Nigeria in the future Our view from our business model is that solar energy will be the winning game changer For us at Seplat the investment never stops as we will be making more investments in the coming months of the year as we expand the scope of the transition NAN
    Investment in upstream oil and gas records 50% drop in 5 years – Ben-Naceur
     The International Society of Petroleum Engineers said on Wednesday that investment in crude oil production over the past five years has witnessed a drop of around 50 percent Kamel Ben Naceur chairman said the drop was due to the global outcry over reducing carbon dioxide emissions and the negative impact of the COVID 19 pandemic on the oil and gas industry The Nigerian News Agency reports that Ben Naceur said this while delivering his keynote speech at the ongoing Offshore Technology Conference OTC in Houston Texas USA Ben Naceur cited 2015 as the start of a slump in investment in the industry s upstream sector but added that the situation had changed before the global pandemic in 2020 According to him upstream investment experienced sharp falls by 26 percent between 2015 and 2016 However investment rose again until 2019 before experiencing a 30 percent drop in 2020 If you look at the relative decline in investment in the upstream sector in general in less than five years we have reduced upstream investment by 50 percent which is almost unheard of You have to go back to the mid 1980s to see that kind of trend This came as Nigerian operators are calling for more investment in the sector to drive the necessary development in the sector and impact the country s economy he said The President noted that the COVID 19 pandemic had a unique impact on the energy industry and would pave the way for the energy transition on its way to net zero emissions The COVID 19 pandemic caused the largest one year drop in oil demand at 10 4 while natural gas demand fell by about 2 In addition the demand for coal and nuclear fell by about four percent Hydroelectric and renewable energy demand increased albeit by smaller margins Ben Naceur noted He expressed optimism that demand would continue to rise in 2023 as demand for crude oil had returned to pre pandemic levels noting that natural gas had done better Ben Naceur said The most dramatic increase is in the price of natural gas from April 2020 to the end of 2021 natural gas went from about three or four dollars per MMbtu to about 40 per MMbtu a dozen increased folds We ve never seen that kind of increase in gasoline prices in a one year period He stressed that there were signs that the situation had changed saying there has been a significant increase in upstream investment in 2022 On the reality of the energy transition Ben Nacuer said that the energy transition was more like a reality with sales of electric cars rising from one million to two million before 2018 to nearly seven million or nine percent of new cars sold in 2021 Renewable energy capacity continues to be added and the industry is always learning about the incentives of decarbonization There are a few different energy transition scenarios predicted by the International Energy Agency and each one will bring different costs and outcomes For the first time today s pledges if implemented in time and fully will keep the increase in global average temperatures in 2100 below two degrees Celsius Decarbonization will require many factors in combination to be successful including avoided demand CO2 capture and storage hydrogen bioenergy technological performance electrification other renewables and other fuel shifts But no matter the mix or the policies reaching net zero emissions still requires more investment in oil and gas We still need to invest more than we invest today Investment in the oil and gas industry will be crucial We are not investing enough in clean energy and that is the big problem facing the world Part of that investment will be in carbon capture and storage which is projected to expand significantly by 2030 The world continues with its need to access energy in a safe affordable and clean way Reducing greenhouse gas emissions and burning are critical Accelerating the energy transition will still require a large share of oil and gas he added Meanwhile stakeholders in the Nigerian oil and gas industry have scrambled to take advantage of the federal government s declaration of the year 2021 to 2030 as a gas decade Some Nigerian operators participating in the OTC such as Lee Engineering and Construction Company Ltd OILSERV Ltd and Seplat Energy Plc emphasized the need for local companies to invest in the natural gas sector of the industry They also called for more investment insisting that huge opportunities were available to investors in the sector The president of Lee Engineering and Construction Company Ltd Dr Leemon Ikpea emphasized the importance of improving the development of the country s infrastructure He stated that his company remained committed to creating much needed infrastructure which is why the company had committed more than 100 million to build a manufacturing yard in Warri Delta its operating base The project scheduled for commissioning this year will ensure the manufacture of any equipment needed in the oil and gas industry locally and across the African spectrum The company will focus on manufacturing and fabricating any equipment needed in the oil and gas industry On Nigeria s workforce capacity he noted that when I was a manager I didn t just sit in my office I took time to understand how the company operated I noticed that many Nigerians were doing various jobs like electricians welders etc The foreigners were there mostly as supervisors There are many skilled Nigerian workers around The idea of moving from contract hunting to manufacturing the equipment and parts needed by the oil and gas industry has many benefits for the sector First of all it generates technology transfer it saves foreign exchange it creates capacity along with many other multiplier effects he explained Ikpea identified the commitment and timely delivery of quality work as some of the qualities that distinguish companies that want to stand out in the development of the sector For his part the Chairman of Oilserv Ltd Mr Emeka Okwuosa said his company s involvement in the construction of the Ajaokuta Kaduna Kano AKK gas pipeline project was an indication of Nigeria s commitment to the energy transition According to him the collection of natural gas which is abundant in the country is key to Nigeria s energy and economic development The AKK project will stimulate the development of gas infrastructure and industrialization in Nigeria Okwuosa said The AKK gas project when completed will boost the agricultural and manufacturing sectors carbon footprint as part of measures to reduce global warming and provide gas for power generation and gas based industries He said that the project is aimed at transporting raw natural gas which would allow the production of Compressed Natural Gas CNG Liquefied Natural Gas LNG among others The project is important for Nigeria because the gas is what will help Nigeria to develop Development cannot happen without energy and our largest form of energy in terms of availability is gas For Seplat Energy Plc there are huge opportunities in the gas business that when seized would transform Nigeria and Africa making it a potential hub of the future Regarding the growth expectations of the sector the executive director of the company Mr Roger Brown reiterated that the development of gas and technology are key to guaranteeing a robust transition He said As the sector grows and evolves and struggles through transition we need to be super efficient in what we do particularly upstream and technology is very critical to that We believe that IT and cyber support are more efficient technologies that are needed in infrastructure development We are bringing more technologies to our project such as the use of solar energy gas We believe in the gas business since we will develop LPG We will complete the Assa North Ohaji South ANOH gas plant next year and it is a game changer for us We re also upgrading the Sapele gas plant right now and putting in LPG and expanding that second pillar of our business which is processing gas into electricity We are really looking at what renewable technologies will be adopted in our business that will be the best for Nigeria in the future Our view from our business model is that solar energy will be the winning game changer For us at Seplat the investment never stops as we will be making more investments in the coming months of the year as we expand the scope of the transition NAN
    Investment in upstream oil and gas records 50% drop in 5 years – Ben-Naceur
    General news5 months ago

    Investment in upstream oil and gas records 50% drop in 5 years – Ben-Naceur

    The International Society of Petroleum Engineers said on Wednesday that investment in crude oil production over the past five years has witnessed a drop of around 50 percent.

    Kamel Ben-Naceur, chairman, said the drop was due to the global outcry over reducing carbon dioxide emissions and the negative impact of the COVID-19 pandemic on the oil and gas industry.

    The Nigerian News Agency reports that Ben-Naceur said this while delivering his keynote speech at the ongoing Offshore Technology Conference (OTC) in Houston, Texas, USA.

    Ben-Naceur cited 2015 as the start of a slump in investment in the industry's upstream sector, but added that the situation had changed before the global pandemic in 2020.

    According to him, upstream investment experienced sharp falls by 26 percent between 2015 and 2016.

    “However, investment rose again until 2019 before experiencing a 30 percent drop in 2020.

    “If you look at the relative decline in investment in the upstream sector in general, in less than five years, we have reduced upstream investment by 50 percent, which is almost unheard of.

    “You have to go back to the mid-1980s to see that kind of trend.

    "This came as Nigerian operators are calling for more investment in the sector to drive the necessary development in the sector and impact the country's economy," he said.

    The President noted that the COVID-19 pandemic had a unique impact on the energy industry and would pave the way for the energy transition on its way to net-zero emissions.

    “The COVID-19 pandemic caused the largest one-year drop in oil demand at 10.4%, while natural gas demand fell by about 2%.

    “In addition, the demand for coal and nuclear fell by about four percent. Hydroelectric and renewable energy demand increased, albeit by smaller margins,” Ben-Naceur noted.

    He expressed optimism that demand would continue to rise in 2023 as demand for crude oil had returned to pre-pandemic levels, noting that natural gas had done better.

    Ben-Naceur said: “The 'most dramatic' increase is in the price of natural gas from April 2020 to the end of 2021, natural gas went from about three or four dollars per MMbtu to about $40 per MMbtu, a dozen increased folds.

    "We've never seen that kind of increase in gasoline prices in a one-year period."

    He stressed that there were signs that the situation had changed, saying "there has been a significant increase in upstream investment in 2022."

    On the reality of the energy transition, Ben-Nacuer said that the energy transition was more like a reality, with sales of electric cars rising from one million to two million before 2018 to nearly seven million, or nine percent of new cars sold in 2021.

    “Renewable energy capacity continues to be added, and the industry is always learning about the incentives of decarbonization.

    “There are a few different energy transition scenarios predicted by the International Energy Agency, and each one will bring different costs and outcomes.

    “For the first time, today's pledges, if implemented in time and fully, will keep the increase in global average temperatures in 2100 below two degrees Celsius.

    “Decarbonization will require many factors in combination to be successful, including avoided demand, CO2 capture and storage, hydrogen, bioenergy, technological performance, electrification, other renewables, and other fuel shifts.

    “But no matter the mix or the policies, reaching net-zero emissions still requires more investment in oil and gas.

    “We still need to invest more than we invest today. Investment in the oil and gas industry will be crucial.

    “We are not investing enough in clean energy and that is the big problem facing the world.

    “Part of that investment will be in carbon capture and storage, which is projected to expand significantly by 2030.

    “The world continues with its need to access energy in a safe, affordable and clean way. Reducing greenhouse gas emissions and burning are critical.

    "Accelerating the energy transition will still require a large share of oil and gas," he added.

    Meanwhile, stakeholders in the Nigerian oil and gas industry have scrambled to take advantage of the federal government's declaration of the year 2021 to 2030 as a gas decade.

    Some Nigerian operators participating in the OTC, such as Lee Engineering and Construction Company Ltd., OILSERV Ltd and Seplat Energy Plc, emphasized the need for local companies to invest in the natural gas sector of the industry.

    They also called for more investment, insisting that huge opportunities were available to investors in the sector.

    The president of Lee Engineering and Construction Company Ltd., Dr. Leemon Ikpea, emphasized the importance of improving the development of the country's infrastructure.

    He stated that his company remained committed to creating much-needed infrastructure, which is why the company had committed more than $100 million to build a manufacturing yard in Warri, Delta, its operating base.

    “The project, scheduled for commissioning this year, will ensure the manufacture of any equipment needed in the oil and gas industry locally and across the African spectrum.

    "The company will focus on manufacturing and fabricating any equipment needed in the oil and gas industry."

    On Nigeria's workforce capacity, he noted that “when I was a manager, I didn't just sit in my office. I took time to understand how the company operated.

    “I noticed that many Nigerians were doing various jobs like electricians, welders, etc. The foreigners were there mostly as supervisors. There are many skilled Nigerian workers around.

    “The idea of ​​moving from contract hunting to manufacturing the equipment and parts needed by the oil and gas industry has many benefits for the sector. First of all, it generates technology transfer, it saves foreign exchange, it creates capacity along with many other multiplier effects,” he explained.

    Ikpea identified the commitment and timely delivery of quality work as some of the qualities that distinguish companies that want to stand out in the development of the sector.

    For his part, the Chairman of Oilserv Ltd., Mr. Emeka Okwuosa, said his company's involvement in the construction of the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project was an indication of Nigeria's commitment to the energy transition. .

    According to him, the collection of natural gas, which is abundant in the country, is key to Nigeria's energy and economic development.

    “The AKK project will stimulate the development of gas infrastructure and industrialization in Nigeria.

    Okwuosa said: "The AKK gas project, when completed, will boost the agricultural and manufacturing sectors, carbon footprint as part of measures to reduce global warming and provide gas for power generation and gas-based industries." .

    He said that the project is aimed at transporting (raw) natural gas, which would allow the production of Compressed Natural Gas (CNG), Liquefied Natural Gas (LNG), among others.

    “The project is important for Nigeria because the gas is what will help Nigeria to develop. Development cannot happen without energy and our largest form of energy in terms of availability is gas.”

    For Seplat Energy Plc, there are huge opportunities in the gas business that, when seized, would transform Nigeria and Africa, making it a potential hub of the future.

    Regarding the growth expectations of the sector, the executive director of the company, Mr. Roger Brown, reiterated that the development of gas and technology are key to guaranteeing a robust transition.

    He said: “As the sector grows and evolves and struggles through transition, we need to be super efficient in what we do, particularly upstream, and technology is very critical to that.

    “We believe that IT and cyber support are more efficient technologies that are needed in infrastructure development. We are bringing more technologies to our project such as the use of solar energy, gas. We believe in the gas business since we will develop LPG.

    “We will complete the Assa North-Ohaji South (ANOH) gas plant next year and it is a game changer for us. We're also upgrading the Sapele gas plant right now and putting in LPG and expanding that second pillar of our business which is processing gas into electricity.

    “We are really looking at what renewable technologies will be adopted in our business that will be the best for Nigeria in the future. Our view from our business model is that solar energy will be the winning game changer.

    "For us at Seplat, the investment never stops, as we will be making more investments in the coming months of the year as we expand the scope of the transition."

    (NAN)

  •   The Minister of State for Education Mr Chukwuemeka Nwajiuba has said that the Federal Government is committed to making the teaching profession dynamic relevant and globally competitive Nwajiuba said this Thursday in Benin at the 2022 Seplat Joint Venture JV Education Roundtable Seplat Teacher Empowerment Program STEP Awards Ceremony He said the teaching profession has been renamed adding that the government was stubborn in its determination to make it attractive and fulfilling for Nigerians According to him the administration of President Muhammadu Buhari has been implementing instructive policies to bring about sound reform in the education sector especially in the teaching profession The government has developed strategies to attract the best brains to the teaching profession This development is intended to motivate teachers to continue striving for excellence He noted that Seplat was a socially responsible organization and praised the company for making a tireless effort to nurture these beneficiaries The Minister also noted that the STEP program meets the objective of the federal government private sector partnership which is to work together to produce teachers with the desirable knowledge skills and attitude needed A solid foundation has been bequeathed to you A foundation that allows you to be emotionally psychologically socially and technologically prepared to handle the delicate art of teaching at all educational levels You represent what is good about this program Remember that cultivating a positive emotional disposition as well as the acquisition of knowledge and pedagogical skills will make you succeed in this profession Starting today you will not only be transferring knowledge but you will also be shaping the minds and hearts of these precious children To quote Aristotle educating the mind without educating the heart is no education at all Similarly in his remarks Mr Phillip Shaibu Vice Governor of Edo while congratulating the beneficiaries said that to whom much is given much is expected According to Shaibu in Edo our pride is our teachers and in Edo we have influence in technology so that our children can be global competitors Teaching face in Edo has changed through our Edo Best initiative because technology is key He encouraged grantees to use the knowledge gained from the STEP program to retrain students in the state to be global competitors He added that the theme of the event Harnessing the Role of Technology in Nigeria s Education Sector was appropriate In a keynote address Mr Roger Brown Executive Director Chief Executive Officer of Seplat Energy PLC said that the current target group for the STEP program was secondary school teachers in public and private schools in the company s host states Edo and Delta Brown representing Nwachukwu Director of External Affairs and Sustainability said this was to specifically promote quality education in the states through trainings of selected school teachers in critical thought leadership He said this would help improve their proficiency in teaching students through the Science Technology Engineering Arts and Mathematics STEAM methodology It revealed that 463 teachers including 314 teachers and 49 chief inspectors of education were trained in the STEP program He added that the STEP application provided for the training was an interactive application that accommodates 10 000 students simultaneously Brown added that the company continued to implement meaningful impact tailored educational programs to help the country achieve goal 4 of the UN Sustainable Development Goal SDG for inclusive equitable and quality education The Nigerian News Agency reports that the beneficiaries of the program came from Edo and Delta states
    Govt committed to making teaching dynamic, says Minister
      The Minister of State for Education Mr Chukwuemeka Nwajiuba has said that the Federal Government is committed to making the teaching profession dynamic relevant and globally competitive Nwajiuba said this Thursday in Benin at the 2022 Seplat Joint Venture JV Education Roundtable Seplat Teacher Empowerment Program STEP Awards Ceremony He said the teaching profession has been renamed adding that the government was stubborn in its determination to make it attractive and fulfilling for Nigerians According to him the administration of President Muhammadu Buhari has been implementing instructive policies to bring about sound reform in the education sector especially in the teaching profession The government has developed strategies to attract the best brains to the teaching profession This development is intended to motivate teachers to continue striving for excellence He noted that Seplat was a socially responsible organization and praised the company for making a tireless effort to nurture these beneficiaries The Minister also noted that the STEP program meets the objective of the federal government private sector partnership which is to work together to produce teachers with the desirable knowledge skills and attitude needed A solid foundation has been bequeathed to you A foundation that allows you to be emotionally psychologically socially and technologically prepared to handle the delicate art of teaching at all educational levels You represent what is good about this program Remember that cultivating a positive emotional disposition as well as the acquisition of knowledge and pedagogical skills will make you succeed in this profession Starting today you will not only be transferring knowledge but you will also be shaping the minds and hearts of these precious children To quote Aristotle educating the mind without educating the heart is no education at all Similarly in his remarks Mr Phillip Shaibu Vice Governor of Edo while congratulating the beneficiaries said that to whom much is given much is expected According to Shaibu in Edo our pride is our teachers and in Edo we have influence in technology so that our children can be global competitors Teaching face in Edo has changed through our Edo Best initiative because technology is key He encouraged grantees to use the knowledge gained from the STEP program to retrain students in the state to be global competitors He added that the theme of the event Harnessing the Role of Technology in Nigeria s Education Sector was appropriate In a keynote address Mr Roger Brown Executive Director Chief Executive Officer of Seplat Energy PLC said that the current target group for the STEP program was secondary school teachers in public and private schools in the company s host states Edo and Delta Brown representing Nwachukwu Director of External Affairs and Sustainability said this was to specifically promote quality education in the states through trainings of selected school teachers in critical thought leadership He said this would help improve their proficiency in teaching students through the Science Technology Engineering Arts and Mathematics STEAM methodology It revealed that 463 teachers including 314 teachers and 49 chief inspectors of education were trained in the STEP program He added that the STEP application provided for the training was an interactive application that accommodates 10 000 students simultaneously Brown added that the company continued to implement meaningful impact tailored educational programs to help the country achieve goal 4 of the UN Sustainable Development Goal SDG for inclusive equitable and quality education The Nigerian News Agency reports that the beneficiaries of the program came from Edo and Delta states
    Govt committed to making teaching dynamic, says Minister
    Education7 months ago

    Govt committed to making teaching dynamic, says Minister

    The Minister of State for Education, Mr. Chukwuemeka Nwajiuba, has said that the Federal Government is committed to making the teaching profession dynamic, relevant and globally competitive.

    Nwajiuba said this Thursday in Benin at the 2022 Seplat Joint Venture (JV) Education Roundtable/Seplat Teacher Empowerment Program (STEP) Awards Ceremony.

    He said the teaching profession has been renamed, adding that the government was stubborn in its determination to make it attractive and fulfilling for Nigerians.

    According to him, the administration of President Muhammadu Buhari has been implementing instructive policies to bring about sound reform in the education sector, especially in the teaching profession.

    “The government has developed strategies to attract the best brains to the teaching profession. This development is intended to motivate teachers to continue striving for excellence.”

    He noted that Seplat was a socially responsible organization and praised the company for making a tireless effort to nurture these beneficiaries.

    The Minister also noted that the STEP program meets the objective of the federal government-private sector partnership, which is to work together to produce teachers with the desirable knowledge, skills, and attitude needed.

    “A solid foundation has been bequeathed to you.

    “A foundation that allows you to be emotionally, psychologically, socially and technologically prepared to handle the delicate art of teaching at all educational levels.

    “You represent what is good about this program. Remember that cultivating a positive emotional disposition, as well as the acquisition of knowledge and pedagogical skills will make you succeed in this profession.

    “Starting today, you will not only be transferring knowledge, but you will also be shaping the minds and hearts of these precious children. To quote Aristotle, "educating the mind without educating the heart is no education at all."

    Similarly, in his remarks, Mr. Phillip Shaibu, Vice Governor of Edo, while congratulating the beneficiaries, said that to whom much is given, much is expected.

    According to Shaibu, in Edo, our pride is our teachers and in Edo we have influence in technology so that our children can be global competitors.

    "Teaching face in Edo has changed through our Edo-Best initiative, because technology is key."

    He encouraged grantees to use the knowledge gained from the STEP program to retrain students in the state to be global competitors.

    He added that the theme of the event “Harnessing the Role of Technology in Nigeria's Education Sector” was appropriate.

    In a keynote address, Mr. Roger Brown, Executive Director/Chief Executive Officer of Seplat Energy PLC, said that the current target group for the STEP program was secondary school teachers in public and private schools in the company's host states. Edo and Delta.

    Brown, representing Nwachukwu, Director of External Affairs and Sustainability, said this was to specifically promote quality education in the states through trainings of selected school teachers in critical thought leadership.

    He said this would help improve their proficiency in teaching students through the Science, Technology, Engineering, Arts and Mathematics (STEAM) methodology.

    It revealed that 463 teachers, including 314 teachers and 49 chief inspectors of education, were trained in the STEP program.

    He added that the STEP application provided for the training was an interactive application that accommodates 10,000 students simultaneously.

    Brown added that the company continued to implement meaningful impact tailored educational programs to help the country achieve goal 4 of the UN Sustainable Development Goal (SDG) for inclusive, equitable and quality education.

    The Nigerian News Agency reports that the beneficiaries of the program came from Edo and Delta states.

  •   By Solomon Asowata The Federal Government said it would optimise the country s abundant gas resource to achieve transition to low carbon energy sources Chief Timipre Sylva Minister of State for Petroleum Resources said this assertion at the 2021 Society of Petroleum Engineers SPE Nigeria Annual International Conference and Exhibition NAICE on Tuesday in Lagos The News Agency of Nigeria NAN reports that the conference has as its theme The Future of Energy A Trilogy of Determinants Climate Change Public Health and the Global Oil Market Sylva said The scenario being projected by some energy experts is that energy transition to low carbon energy sources would make the world a better living place with a cleaner climate I believe so too likewise the Government of Nigeria He however faulted the assumption that the transition to the use of low carbon energy solutions must happen simultaneously across the globe The minister noted that those pushing for the move failed to take into account the different socio economic political and developmental peculiarities of individual nations Let me state categorically that our approach towards the climate change net zero emission debate is to optimise the use of our abundant gas resource domestically as a transition fuel option towards meeting our Nationally Determined Contributions on climate change As a government we are determined to encourage more penetration of natural gas and its derivatives for domestic utilisation power generation gas based industries and propulsion in all aspects of the national economy This would in a fundamental manner address the great challenge posed by volatile oil market the environmental issues and public health concerns said Silva He said it was obvious that the world was migrating from a fossil fuel based economy to renewable energy This he added had engendered a corresponding decline in hydrocarbon including possible divestiture in the sector as deliberate frameworks were being championed to discourage extraction of carbon laden resources The minister noted that the COVID 19 pandemic had further exacerbated the investment decline Sylva said the government was therefore collaborating with its global partners in exploring policies technologies and investments He said this was aimed at addressing the challenge of migrating from carbon dependent fuels in order to meet its commitment to the Paris Agreement It is our belief that the distinguished Society of Petroleum Engineers SPE will be in the forefront of our quest to achieve the desired balance of clean environment safe public health and a renewed global oil market This SPE Annual International Conference and Exhibition will be an appropriate platform to bring to the front burner the critical discussions that would forge a robust and implementable clean energy solutions pathway for Nigeria the minister said Mr Roger Brown Chief Executive Officer Seplat Petroleum Development Company Plc said the company was committed to the aspirations of Nigeria and would continue to invest towards the objective Brown represented by Mr Effiong Okon Executive Director of Operations Seplat commended the government for initiating projects and programmes to boost gas development in Nigeria He said the programmes included the National Gas Expansion Programme National Gas Transportation Network Code and Nigeria Gas Flare Commercialisation Programme According to him the construction of infrastructures such as the NLNG Train 7 Project Ajaokuta Kaduna Kano AKK and the Obiafu Obrikon Oben OB3 pipelines will help deepen gas utilisation in Nigeria Brown said Seplat would continue to make investments to support the vision of the government adding that the company was currently supplying 30 per cent of gas to the electricity sector NAN
    FG says domestic gas optimisation key to energy transition
      By Solomon Asowata The Federal Government said it would optimise the country s abundant gas resource to achieve transition to low carbon energy sources Chief Timipre Sylva Minister of State for Petroleum Resources said this assertion at the 2021 Society of Petroleum Engineers SPE Nigeria Annual International Conference and Exhibition NAICE on Tuesday in Lagos The News Agency of Nigeria NAN reports that the conference has as its theme The Future of Energy A Trilogy of Determinants Climate Change Public Health and the Global Oil Market Sylva said The scenario being projected by some energy experts is that energy transition to low carbon energy sources would make the world a better living place with a cleaner climate I believe so too likewise the Government of Nigeria He however faulted the assumption that the transition to the use of low carbon energy solutions must happen simultaneously across the globe The minister noted that those pushing for the move failed to take into account the different socio economic political and developmental peculiarities of individual nations Let me state categorically that our approach towards the climate change net zero emission debate is to optimise the use of our abundant gas resource domestically as a transition fuel option towards meeting our Nationally Determined Contributions on climate change As a government we are determined to encourage more penetration of natural gas and its derivatives for domestic utilisation power generation gas based industries and propulsion in all aspects of the national economy This would in a fundamental manner address the great challenge posed by volatile oil market the environmental issues and public health concerns said Silva He said it was obvious that the world was migrating from a fossil fuel based economy to renewable energy This he added had engendered a corresponding decline in hydrocarbon including possible divestiture in the sector as deliberate frameworks were being championed to discourage extraction of carbon laden resources The minister noted that the COVID 19 pandemic had further exacerbated the investment decline Sylva said the government was therefore collaborating with its global partners in exploring policies technologies and investments He said this was aimed at addressing the challenge of migrating from carbon dependent fuels in order to meet its commitment to the Paris Agreement It is our belief that the distinguished Society of Petroleum Engineers SPE will be in the forefront of our quest to achieve the desired balance of clean environment safe public health and a renewed global oil market This SPE Annual International Conference and Exhibition will be an appropriate platform to bring to the front burner the critical discussions that would forge a robust and implementable clean energy solutions pathway for Nigeria the minister said Mr Roger Brown Chief Executive Officer Seplat Petroleum Development Company Plc said the company was committed to the aspirations of Nigeria and would continue to invest towards the objective Brown represented by Mr Effiong Okon Executive Director of Operations Seplat commended the government for initiating projects and programmes to boost gas development in Nigeria He said the programmes included the National Gas Expansion Programme National Gas Transportation Network Code and Nigeria Gas Flare Commercialisation Programme According to him the construction of infrastructures such as the NLNG Train 7 Project Ajaokuta Kaduna Kano AKK and the Obiafu Obrikon Oben OB3 pipelines will help deepen gas utilisation in Nigeria Brown said Seplat would continue to make investments to support the vision of the government adding that the company was currently supplying 30 per cent of gas to the electricity sector NAN
    FG says domestic gas optimisation key to energy transition
    General news1 year ago

    FG says domestic gas optimisation key to energy transition

    By Solomon Asowata

     The Federal Government said it would optimise the country’s abundant gas resource to achieve transition to low carbon energy sources.

    Chief Timipre Sylva, Minister of State for Petroleum Resources, said this assertion at the 2021 Society of Petroleum Engineers (SPE) Nigeria Annual International Conference and Exhibition (NAICE) on Tuesday in Lagos.

    The News Agency of Nigeria (NAN) reports that the conference has as its theme: “The Future of Energy – A Trilogy of Determinants: Climate Change, Public Health, and the Global Oil Market.”

    Sylva said: “The scenario being projected by some energy experts is that energy transition to low carbon energy sources would make the world a better living place with a cleaner climate.

    “I believe so too, likewise the Government of Nigeria.”

    He, however, faulted the assumption that the transition to the use of low carbon energy solutions must happen simultaneously across the globe.

    The minister noted that those pushing for the move failed to take into account the different socio-economic, political and developmental peculiarities of individual nations.

    “Let me state categorically that our approach towards the climate-change-net-zero-emission debate is to optimise the use of our abundant gas resource domestically as a transition fuel option towards meeting our Nationally Determined Contributions on climate change.

    “As a government, we are determined to encourage more penetration of natural gas and its derivatives for domestic utilisation, power generation, gas-based industries and propulsion in all aspects of the national economy.

    “This would in a fundamental manner address the great challenge posed by volatile oil market, the environmental issues and public health concerns,” said Silva.

    He said it was obvious that the world was migrating from a fossil fuel-based economy to renewable energy.

    This, he added, had engendered a corresponding decline in hydrocarbon including possible divestiture in the sector as deliberate frameworks were being championed to discourage extraction of carbon-laden resources.

    The minister noted that the COVID-19 pandemic had further exacerbated the investment decline.

    Sylva said the government was, therefore, collaborating with its global partners in exploring policies, technologies and investments.

    He said this was aimed at addressing the challenge of migrating from carbon dependent fuels in order to meet its commitment to the Paris Agreement.

    “It is our belief that the distinguished Society of Petroleum Engineers (SPE) will be in the forefront of our quest to achieve the desired balance of clean environment, safe public health and a renewed global oil market.

    “This SPE Annual International Conference and Exhibition will be an appropriate platform to bring to the front-burner the critical discussions that would forge a robust and implementable clean energy solutions pathway for Nigeria,” the minister said.

    Mr Roger Brown, Chief Executive Officer, Seplat Petroleum Development Company Plc, said the company was committed to the aspirations of Nigeria and would continue to invest towards the objective.

    Brown, represented by Mr Effiong Okon, Executive Director of Operations, Seplat, commended the government for initiating projects and programmes to boost gas development in Nigeria.

    He said the programmes included the National Gas Expansion Programme, National Gas Transportation Network Code and Nigeria Gas Flare Commercialisation Programme.

    According to him, the construction of infrastructures such as the NLNG Train 7 Project, Ajaokuta- Kaduna-Kano (AKK) and the Obiafu-Obrikon-Oben (OB3) pipelines will help deepen gas utilisation in Nigeria.

    Brown said Seplat would continue to make investments to support the vision of the government, adding that the company was currently supplying 30 per cent of gas to the electricity sector. (NAN)

  •   A traditional ruler in Edo King Odoligie Ogiemwonyi has charged the management of Seplat Petroleum Development Company Plc to increase investments in the host communities of the company to make life worth living for citizens Ogiemwonyi the traditional ruler of Oben community in the Orhiomwon Local Government Area of Edo made the plea when a management team of Seplat Petroleum paid him a courtesy visit at his palace in Oben near Benin on Saturday He said that the company needed to increase its corporate social responsibility projects to touch the lives of more citizens in the company s host communities As a community we are not unaware of the contributions of the company to ameliorating the suffering of our people but we ask for more We suggest that more should to be done in the areas our communities are yearning for These include effective demarcation of the boundary between Edo and Delta States and provision of adequate security for our communities We also want Seplat to engage contractors from its host communities to execute significant projects as well as the employment of our graduates at the Oben Oil field The royal father also appealed to the company to take steps to tackle the effects of gas flaring in the community to save the lives of people A correspondent of the News Agency of Nigeria touring with the Seplat team reports that the team also visited Seplat s host communities in Delta where they paid a courtesy visit on the Orodje of Okpe kingdom King Felix Mujakperuo at his palace Receiving the team Mujakperuo pleaded that the company should employ Okpe people saying that he was not happy that graduates from the kingdom were now okada riders in their bid to make a living He however lauded the management of the company for what the firm had done so far in the area of cooperate social responsibility to its host communities The Chief Executive Officer of Seplat Mr Roger Brown assured that the company would continue to strengthen relationships with its host communities He said the company appreciated the peaceful and secured environment prevailing in its host communities assuring that the firm would continue to embark on projects to touch the lives of citizens The Chairman and co founder of Seplat Chief Ambrose Orjiako also gave his assurance that the company would walk the talk on its corporate social responsibility initiatives Orjiako who said that the team was in the town to thank the community for being a great host to the company s gas facility promised that the company would look into the issues raised by the community We have listed to your speech and we will look into the issues raised because we have very important relationships with our host communities Edited By Silas Nwoha NAN
    Traditional ruler charges Seplat Petroleum to increase investments in host communities
      A traditional ruler in Edo King Odoligie Ogiemwonyi has charged the management of Seplat Petroleum Development Company Plc to increase investments in the host communities of the company to make life worth living for citizens Ogiemwonyi the traditional ruler of Oben community in the Orhiomwon Local Government Area of Edo made the plea when a management team of Seplat Petroleum paid him a courtesy visit at his palace in Oben near Benin on Saturday He said that the company needed to increase its corporate social responsibility projects to touch the lives of more citizens in the company s host communities As a community we are not unaware of the contributions of the company to ameliorating the suffering of our people but we ask for more We suggest that more should to be done in the areas our communities are yearning for These include effective demarcation of the boundary between Edo and Delta States and provision of adequate security for our communities We also want Seplat to engage contractors from its host communities to execute significant projects as well as the employment of our graduates at the Oben Oil field The royal father also appealed to the company to take steps to tackle the effects of gas flaring in the community to save the lives of people A correspondent of the News Agency of Nigeria touring with the Seplat team reports that the team also visited Seplat s host communities in Delta where they paid a courtesy visit on the Orodje of Okpe kingdom King Felix Mujakperuo at his palace Receiving the team Mujakperuo pleaded that the company should employ Okpe people saying that he was not happy that graduates from the kingdom were now okada riders in their bid to make a living He however lauded the management of the company for what the firm had done so far in the area of cooperate social responsibility to its host communities The Chief Executive Officer of Seplat Mr Roger Brown assured that the company would continue to strengthen relationships with its host communities He said the company appreciated the peaceful and secured environment prevailing in its host communities assuring that the firm would continue to embark on projects to touch the lives of citizens The Chairman and co founder of Seplat Chief Ambrose Orjiako also gave his assurance that the company would walk the talk on its corporate social responsibility initiatives Orjiako who said that the team was in the town to thank the community for being a great host to the company s gas facility promised that the company would look into the issues raised by the community We have listed to your speech and we will look into the issues raised because we have very important relationships with our host communities Edited By Silas Nwoha NAN
    Traditional ruler charges Seplat Petroleum to increase investments in host communities
    Oil & Gas2 years ago

    Traditional ruler charges Seplat Petroleum to increase investments in host communities

    A traditional ruler in Edo, King Odoligie Ogiemwonyi, has charged the management of Seplat Petroleum Development Company Plc., to increase investments in the host communities of the company, to make life worth living for citizens.

    Ogiemwonyi, the traditional ruler of Oben community in the Orhiomwon Local Government Area of Edo, made the plea, when a management team of Seplat Petroleum paid him a courtesy visit at his palace in Oben, near Benin on Saturday.

    He said that the company needed to increase its corporate social responsibility projects to touch the lives of more citizens in the company’s host communities.

    “As a community, we are not unaware of the contributions of the company to ameliorating the suffering of our people but we ask for more.

    “We suggest that more should to be done in the areas our communities are yearning for.

    “These include effective demarcation of the boundary between Edo and Delta States and provision of adequate security for our communities.

    “We also want Seplat to engage contractors from its host communities to execute significant projects as well as the employment of our graduates at the Oben Oil field.

    The royal father also appealed to the company to take steps to tackle the effects of gas flaring in the community, to save the lives of people.

    A correspondent of the News Agency of Nigeria touring with the Seplat team reports that the team also visited Seplat’s host communities in Delta, where they paid a courtesy visit on the Orodje of Okpe kingdom, King Felix Mujakperuo, at his palace.

    Receiving the team, Mujakperuo pleaded that the company should employ Okpe people, saying that he was not happy that graduates from the kingdom were “now okada riders’’ in their bid to make a living.

    He, however, lauded the management of the company for what the firm had done so far in the area of cooperate social responsibility to its host communities.

    The Chief Executive Officer of Seplat, Mr Roger Brown, assured that the company would continue to strengthen relationships with its host communities.

    He said the company appreciated the peaceful and secured environment prevailing in its host communities, assuring that the firm would continue to embark on projects to touch the lives of citizens.

    The Chairman and co-founder of Seplat, Chief Ambrose Orjiako, also gave his assurance that the company would “walk the talk’’ on its corporate social responsibility initiatives.

    Orjiako, who said that the team was in the town to thank the community for being “a great host to the company’s gas facility’’, promised that the company would look into the issues raised by the community.

    “We have listed to your speech and we will look into the issues raised because we have very important relationships with our host communities.”


    Edited By: Silas Nwoha
    (NAN)

  •   Nine students drawn from Edo and Delta States have won scholarships in the 2020 edition of the Seplat Pearls Quiz Competition the News Agency of Nigeria reports The competition was put in place by Seplat an oil service company as part of its corporate social responsibility to promote education in Edo and Delta annually Speaking at a ceremony after the quiz competition in Benin on Thursday the Chief Executive Office of Seplat Petroleum Development Company Plc Mr Roger Brown said the competition was staged annually for all secondary schools in Edo and Delta to improve their academic standards Brown represented by Dr Chioma Nwachukwu General Manager External Affairs and Communication said the competition now in its ninth year was designed to rekindle academic excellence and healthy competition among young people Brown said the competition was meant to motivate encourage and reward the ethos of learning and to inculcate teamwork among students According to him the competition has helped Edo and Delta to maintain high success rates in external examinations including the West African Examinations Council He described Seplat as a leading indigenous oil and gas exploration and production company with strategic focus on Nigeria The company is pursuing a Nigeria focused growth strategy and is well positioned to participate in future divestment programmes by the international oil companies farm in opportunities and future licensing rounds The Seplat Pearls Quiz Competition is implemented in two stages the test stage is where all public and private secondary schools take a qualifying test The competition stage is where qualified schools go head to head and losers are eliminated until a champion emerges for the year All qualified schools from the test stage go home with Seplat branded laptop bags exercise books and tee shirts Seplat also provides transportation subsidy to all participating schools Brown explained that because of the COVID 19 pandemic this year an innovation was introduced where all the schools wrote the qualifying test online with Seplat providing data for all He disclosed that 574 schools took the test and that 104 schools 52 each from Edo and Delta progressed to the next round Brown explained that the top three prizes were the first prize of N7 million and N100 000 scholarship grant to three top students The second prize is N3 million and N75 000 scholarship grant to the 3 winning students and the third prize is N1 million and N50 000 scholarship grant to the 3 winning students He disclosed that the competition was open to students inpublic and private schools in the two states The Seplat chief executive officer said that a total of 45 140 students had been impacted in the competition and that 35 of them were currently in various universities across Nigeria Brown said that in this year s competition St Michael s Academy Benin emerged the overall winner of the competition defeating McNell Secondary School Sapele in Delta Glory Land Secondary School in Akoko Edo came third in the finals of the competition which was held at Imaguero College in Benin Edited By Silas Nwoha Source NAN
    9 students win scholarships in Seplat quiz contest
      Nine students drawn from Edo and Delta States have won scholarships in the 2020 edition of the Seplat Pearls Quiz Competition the News Agency of Nigeria reports The competition was put in place by Seplat an oil service company as part of its corporate social responsibility to promote education in Edo and Delta annually Speaking at a ceremony after the quiz competition in Benin on Thursday the Chief Executive Office of Seplat Petroleum Development Company Plc Mr Roger Brown said the competition was staged annually for all secondary schools in Edo and Delta to improve their academic standards Brown represented by Dr Chioma Nwachukwu General Manager External Affairs and Communication said the competition now in its ninth year was designed to rekindle academic excellence and healthy competition among young people Brown said the competition was meant to motivate encourage and reward the ethos of learning and to inculcate teamwork among students According to him the competition has helped Edo and Delta to maintain high success rates in external examinations including the West African Examinations Council He described Seplat as a leading indigenous oil and gas exploration and production company with strategic focus on Nigeria The company is pursuing a Nigeria focused growth strategy and is well positioned to participate in future divestment programmes by the international oil companies farm in opportunities and future licensing rounds The Seplat Pearls Quiz Competition is implemented in two stages the test stage is where all public and private secondary schools take a qualifying test The competition stage is where qualified schools go head to head and losers are eliminated until a champion emerges for the year All qualified schools from the test stage go home with Seplat branded laptop bags exercise books and tee shirts Seplat also provides transportation subsidy to all participating schools Brown explained that because of the COVID 19 pandemic this year an innovation was introduced where all the schools wrote the qualifying test online with Seplat providing data for all He disclosed that 574 schools took the test and that 104 schools 52 each from Edo and Delta progressed to the next round Brown explained that the top three prizes were the first prize of N7 million and N100 000 scholarship grant to three top students The second prize is N3 million and N75 000 scholarship grant to the 3 winning students and the third prize is N1 million and N50 000 scholarship grant to the 3 winning students He disclosed that the competition was open to students inpublic and private schools in the two states The Seplat chief executive officer said that a total of 45 140 students had been impacted in the competition and that 35 of them were currently in various universities across Nigeria Brown said that in this year s competition St Michael s Academy Benin emerged the overall winner of the competition defeating McNell Secondary School Sapele in Delta Glory Land Secondary School in Akoko Edo came third in the finals of the competition which was held at Imaguero College in Benin Edited By Silas Nwoha Source NAN
    9 students win scholarships in Seplat quiz contest
    Education2 years ago

    9 students win scholarships in Seplat quiz contest

    Nine students, drawn from Edo and Delta States have won scholarships in the 2020 edition of the Seplat Pearls Quiz Competition, the News Agency of Nigeria reports.

    The competition was put in place by Seplat, an oil service company as part of its corporate social responsibility to promote education in Edo and Delta annually.

    Speaking at a ceremony after the quiz competition in Benin on Thursday, the Chief Executive Office of Seplat Petroleum Development Company Plc., Mr Roger Brown, said the competition was staged annually for all secondary schools in Edo and Delta to improve their academic standards.

    Brown represented by Dr Chioma Nwachukwu, General Manager, External Affairs and Communication, said the competition now in its ninth year was designed to rekindle academic excellence and healthy competition among young people.

    Brown said the competition was meant to motivate, encourage and reward the ethos of learning and to inculcate teamwork among students.

    According to him, the competition has helped Edo and Delta to maintain high success rates in external examinations, including the West African Examinations Council.

    He described Seplat as a leading indigenous oil and gas exploration and production company with strategic focus on Nigeria.

    “The company is pursuing a Nigeria-focused growth strategy and is well-positioned to participate in future divestment programmes by the international oil companies, farm-in opportunities and future licensing rounds.

    “The Seplat Pearls Quiz Competition is implemented in two stages — the test stage is where all public and private secondary schools take a qualifying test.

    “The competition stage is where qualified schools go head-to-head and losers are eliminated until a champion emerges for the year.

    “All qualified schools from the test stage go home with Seplat branded laptop bags, exercise books and tee shirts.

    “Seplat also provides transportation subsidy to all participating schools.”

    Brown explained that because of the COVID-19 pandemic this year, an innovation was introduced, where all the schools wrote the qualifying test online with Seplat providing data for all.

    He disclosed that 574 schools took the test and that 104 schools — 52 each from Edo and Delta progressed to the next round.

    Brown explained that the top three prizes were the first prize of N7 million and N100, 000 scholarship grant to three top students.

    “The second prize is N3 million and N75, 000 scholarship grant to the 3 winning students and the third prize is N1 million and N50, 000 scholarship grant to the 3 winning students.’’

    He disclosed that the competition was open to students in

    public and private schools in the two states.

    “The Seplat chief executive officer said that a total of 45,140 students had been impacted in the competition and that 35 of them were currently in various universities across Nigeria.

    Brown said that in this year’s competition, St. Michael’s Academy, Benin, emerged the overall winner of the competition, defeating McNell Secondary School, Sapele in Delta.

    Glory Land Secondary School in Akoko Edo came third in the finals of the competition, which was held at Imaguero College in Benin.


    Edited By: Silas Nwoha
    Source: NAN

  •   St Michael Academy in Edo on Thursday emerged the overall winner of the 9th edition of the SEPLAT PEARLS quiz competition St Michaels defeated Mc Nell Secondary school from Delta to emerge the winner while Glory Land Secondary School also in Edo came third in the finals of the competition held at Imaguero College Benin Mr Roger Brown Chief Executive Officer CEO Seplat Petroleum Development Company Plc said that the PEARLS quiz was an annual competition open to all secondary schools in both states to improve the academic standards in the company s host states Brown represented by Dr Chioma Nwachukwu General Manager External Affairs and Communication said the programme which had ran for eight years also aimed to rekindle the spirit of academic excellence and healthy competition in the youth He said this was by motivating encouraging and rewarding the ethos of scholarship while also inculcating the benefits of team work in the participants He noted that the quiz had helped Delta and Edo to maintain very high pass rates in external examinations such as the West African School Certificate Examination He also disclosed that SEPLAT was a leading indigenous Nigerian oil and gas exploration and production company with a strategic focus on Nigeria He said that the company is listed on the Main Market of the London Stock Exchange LSE and Nigerian Stock Exchange NSE The company is pursuing a Nigeria focused growth strategy and is well positioned to participate in future divestment programmes by the international oil companies farming opportunities and future licensing rounds SEPLAT Pearls quiz is implemented in two stages the test stage where all public and private secondary schools take a qualifying test and the competition stage where the qualified schools go head to head and losers are eliminated until a Champion emerges for the year All qualified schools from the test stage go home with Seplat branded laptop bags exercise books and T shirts Seplat also provides transportation subsidy to all participating schools The CEO added that this year because of the COVID 19 pandemic an innovation was introduced and all the schools wrote the qualification test online with Seplat providing data for all He disclosed that 574 schools took the test and 104 52 from both states progressed to the next round He explained that the top three prizes were first prize N7million project based cash and N100 000 scholarship grant to the three winning students The second prize is N3 million project based cash and N75 000 scholarship grant to the three winning students and the third prize is N1 million project based cash and N50 000 scholarship grant to the three winning students He further said that SEPLAT Pearls Quiz addresses Sustainability Development Goal 4 for quality education by ensuring inclusive and equitable quality education for both public and private schools in Edo and Delta He said that through it the company was helping to promote lifelong learning opportunities for the teeming youth population For instance 45 140 students have been impacted more than 35 of them are in various universities across the country He said that while some had graduated two had benefited from the undergraduate scholarship scheme while one had undergone industrial training with SEPLAT These students provide a pool for future employment he added Edited By Donald Ugwu Source NAN
    St Michael Academy Edo wins 9th SEPLAT PEARLS quiz competition
      St Michael Academy in Edo on Thursday emerged the overall winner of the 9th edition of the SEPLAT PEARLS quiz competition St Michaels defeated Mc Nell Secondary school from Delta to emerge the winner while Glory Land Secondary School also in Edo came third in the finals of the competition held at Imaguero College Benin Mr Roger Brown Chief Executive Officer CEO Seplat Petroleum Development Company Plc said that the PEARLS quiz was an annual competition open to all secondary schools in both states to improve the academic standards in the company s host states Brown represented by Dr Chioma Nwachukwu General Manager External Affairs and Communication said the programme which had ran for eight years also aimed to rekindle the spirit of academic excellence and healthy competition in the youth He said this was by motivating encouraging and rewarding the ethos of scholarship while also inculcating the benefits of team work in the participants He noted that the quiz had helped Delta and Edo to maintain very high pass rates in external examinations such as the West African School Certificate Examination He also disclosed that SEPLAT was a leading indigenous Nigerian oil and gas exploration and production company with a strategic focus on Nigeria He said that the company is listed on the Main Market of the London Stock Exchange LSE and Nigerian Stock Exchange NSE The company is pursuing a Nigeria focused growth strategy and is well positioned to participate in future divestment programmes by the international oil companies farming opportunities and future licensing rounds SEPLAT Pearls quiz is implemented in two stages the test stage where all public and private secondary schools take a qualifying test and the competition stage where the qualified schools go head to head and losers are eliminated until a Champion emerges for the year All qualified schools from the test stage go home with Seplat branded laptop bags exercise books and T shirts Seplat also provides transportation subsidy to all participating schools The CEO added that this year because of the COVID 19 pandemic an innovation was introduced and all the schools wrote the qualification test online with Seplat providing data for all He disclosed that 574 schools took the test and 104 52 from both states progressed to the next round He explained that the top three prizes were first prize N7million project based cash and N100 000 scholarship grant to the three winning students The second prize is N3 million project based cash and N75 000 scholarship grant to the three winning students and the third prize is N1 million project based cash and N50 000 scholarship grant to the three winning students He further said that SEPLAT Pearls Quiz addresses Sustainability Development Goal 4 for quality education by ensuring inclusive and equitable quality education for both public and private schools in Edo and Delta He said that through it the company was helping to promote lifelong learning opportunities for the teeming youth population For instance 45 140 students have been impacted more than 35 of them are in various universities across the country He said that while some had graduated two had benefited from the undergraduate scholarship scheme while one had undergone industrial training with SEPLAT These students provide a pool for future employment he added Edited By Donald Ugwu Source NAN
    St Michael Academy Edo wins 9th SEPLAT PEARLS quiz competition
    Education2 years ago

    St Michael Academy Edo wins 9th SEPLAT PEARLS quiz competition

    St Michael Academy in Edo on Thursday emerged the overall winner of the 9th edition of the SEPLAT PEARLS quiz competition.

    St Michaels defeated Mc Nell Secondary school from Delta to emerge the winner, while Glory Land Secondary School also in Edo came third in the finals of the competition held at Imaguero College, Benin.

    Mr Roger Brown, Chief Executive Officer (CEO), Seplat Petroleum Development Company Plc, said that the PEARLS quiz, was an annual competition open to all secondary schools in both states to improve the academic standards in the company’s host states.

    Brown represented by Dr Chioma Nwachukwu, General Manager, External Affairs and Communication, said the programme which had ran for eight years also aimed to rekindle the spirit of academic excellence and healthy competition in the youth.

    He said this was by motivating, encouraging and rewarding the ethos of scholarship while also inculcating the benefits of team work in the participants.

    He noted that the quiz had helped Delta and Edo to maintain very high pass rates in external examinations such as the West African School Certificate Examination.

    He also disclosed that SEPLAT was a leading indigenous Nigerian oil and gas exploration and production company with a strategic focus on Nigeria.

    He said that the company is listed on the Main Market of the London Stock Exchange (LSE) and Nigerian Stock Exchange (NSE).

    “The company is pursuing a Nigeria-focused growth strategy and is well-positioned to participate in future divestment programmes by the international oil companies, farming opportunities and future licensing rounds.

    SEPLAT Pearls quiz is implemented in two stages: the test stage where all public and private secondary schools take a qualifying test, and the competition stage where the qualified schools go head-to-head and losers are eliminated until a Champion emerges for the year.

    “All qualified schools from the test stage go home with Seplat branded laptop bags, exercise books and T-shirts.

    “Seplat also provides transportation subsidy to all participating schools.”

    The CEO added that this year, because of the COVID-19 pandemic, an innovation was introduced, and all the schools wrote the qualification test online with Seplat providing data for all.

    He disclosed that 574 schools took the test and 104 (52 from both states) progressed to the next round.

    He explained that the top three prizes were first prize N7million project-based cash and N100,000 scholarship grant to the three winning students.

    “The second prize is N3 million project-based cash and N75,000 scholarship grant to the three winning students, and the third prize is N1 million project-based cash and N50,000 scholarship grant to the three winning students.

    He further said that SEPLAT Pearls Quiz addresses Sustainability Development Goal 4 for quality education by ensuring inclusive and equitable quality education for both public and private schools in Edo and Delta.

    He said that through it the company was helping to promote lifelong learning opportunities for the teeming youth population.

    “For instance, 45,140 students have been impacted, more than 35 of them are in various universities across the country.”

    He said that while some had graduated two had benefited from the undergraduate scholarship scheme while one had undergone industrial training with SEPLAT.

    “These students provide a pool for future employment,” he added.


    Edited By: Donald Ugwu
    Source: NAN

  •   A financial expert Mr Pedro Omontuemhen says Nigeria has suffered a loss of over 30 billion investments in the oil and gas sector due to the delay in the passage of the Petroleum Industry Bill PIB Omontuemhen a Partner with PricewaterhouseCoopers spoke on Monday at the Pre Conference Workshop held ahead of the 38th Annual International Conference of theNational Association of Petroleum Explorationists NAPE The News Agency of Nigeria reports that the theme of the workshop was Levers for Optimal Cost Reduction in Nigeria s Oil and Gas Production Positioning for the New Normal He said that the PIB currently before the National Assembly as an Executive Bill had suffered delay for almost 20 years which had led to uncertainties in the petroleum industry Investment in the oil and gas sector has reduced and Nigeria has lost about 30 billion investments due to the uncertainties in the regulatory environment As a country we need to urgently pass the PIB into law so that we can attract Foreign Direct Investment to the oil and gas industry Omontuemhen said He however warned that the PIB would face challenges despite the assurance given by the legislature and the executive on its quick passage According to him opposition to the bill may likely come from Niger Delta governors who have expressed dissatisfaction with the alleged freedom given to Zamfara State to manage its Gold resources Also Mr Roger Brown Chief Executive Officer Seplat Petroleum Development Company Plc said the COVID 19 pandemic had made it imperative for the oil and gas companies to develop innovative ways of survival Brown said these include reduction in cost of crude oil production to 10 per barrel capital efficiency utilisation of technology and strategic partnership among companies He also called on the government to look for further ways of supporting indigenous companies in the sector and create a conducive operating environment Earlier Mr Alex Tarka President NAPE said the Nigerian economy lost billions of dollars to the lockdown necessitated by the COVID 19 pandemic and crash in the price of crude oil Tarka said Nigeria should therefore brace up for the impact of the second wave of Coronavirus on its economy as some countries had introduced fresh lockdown measures to contain the disease Edited By Oluwole Sogunle Source NAN
    Delay in PIB passage affecting foreign investment — Expert
      A financial expert Mr Pedro Omontuemhen says Nigeria has suffered a loss of over 30 billion investments in the oil and gas sector due to the delay in the passage of the Petroleum Industry Bill PIB Omontuemhen a Partner with PricewaterhouseCoopers spoke on Monday at the Pre Conference Workshop held ahead of the 38th Annual International Conference of theNational Association of Petroleum Explorationists NAPE The News Agency of Nigeria reports that the theme of the workshop was Levers for Optimal Cost Reduction in Nigeria s Oil and Gas Production Positioning for the New Normal He said that the PIB currently before the National Assembly as an Executive Bill had suffered delay for almost 20 years which had led to uncertainties in the petroleum industry Investment in the oil and gas sector has reduced and Nigeria has lost about 30 billion investments due to the uncertainties in the regulatory environment As a country we need to urgently pass the PIB into law so that we can attract Foreign Direct Investment to the oil and gas industry Omontuemhen said He however warned that the PIB would face challenges despite the assurance given by the legislature and the executive on its quick passage According to him opposition to the bill may likely come from Niger Delta governors who have expressed dissatisfaction with the alleged freedom given to Zamfara State to manage its Gold resources Also Mr Roger Brown Chief Executive Officer Seplat Petroleum Development Company Plc said the COVID 19 pandemic had made it imperative for the oil and gas companies to develop innovative ways of survival Brown said these include reduction in cost of crude oil production to 10 per barrel capital efficiency utilisation of technology and strategic partnership among companies He also called on the government to look for further ways of supporting indigenous companies in the sector and create a conducive operating environment Earlier Mr Alex Tarka President NAPE said the Nigerian economy lost billions of dollars to the lockdown necessitated by the COVID 19 pandemic and crash in the price of crude oil Tarka said Nigeria should therefore brace up for the impact of the second wave of Coronavirus on its economy as some countries had introduced fresh lockdown measures to contain the disease Edited By Oluwole Sogunle Source NAN
    Delay in PIB passage affecting foreign investment — Expert
    Oil & Gas2 years ago

    Delay in PIB passage affecting foreign investment — Expert

    A financial expert, Mr Pedro Omontuemhen, says Nigeria has suffered a loss of over $30 billion investments in the oil and gas sector due to the delay in the passage of the Petroleum Industry Bill (PIB).

    Omontuemhen, a Partner with PricewaterhouseCoopers, spoke on Monday at the Pre-Conference Workshop held ahead of the 38th Annual International Conference of the

    National Association of Petroleum Explorationists (NAPE).

    The News Agency of Nigeria reports that the theme of the workshop was : ” Levers for Optimal Cost Reduction in Nigeria’s Oil and Gas Production: Positioning for the New Normal.”

    He said that the PIB, currently before the National Assembly as an Executive Bill,  had suffered delay for almost 20 years, which had led to uncertainties in the petroleum industry.

    “Investment in the oil and gas sector has reduced and Nigeria has lost about $30 billion investments due to the uncertainties in the regulatory environment.

    “As a country, we need to urgently pass the PIB into law so that we can attract Foreign Direct Investment to the oil and gas industry, ” Omontuemhen said.

    He, however warned that the PIB would face challenges despite the assurance given by the legislature and the executive on its quick passage.

    According to him, opposition to the bill may likely come from Niger Delta governors who have expressed dissatisfaction with the alleged freedom given to Zamfara State to manage its Gold resources.

    Also, Mr Roger Brown, Chief Executive Officer, Seplat Petroleum Development Company Plc,  said the COVID-19 pandemic had made it imperative for the oil and gas companies to develop innovative ways of survival.

    Brown said these include reduction in cost of crude oil production to $10 per barrel, capital efficiency, utilisation of technology and strategic partnership among companies.

    He also called on the government to look for further ways of supporting indigenous companies in the sector and create a conducive operating environment.

    Earlier, Mr Alex Tarka, President, NAPE, said the Nigerian economy lost billions of dollars to the lockdown necessitated by the COVID-19 pandemic and crash in the price of crude oil.

    Tarka said Nigeria should therefore brace up for the impact of the second wave of Coronavirus on its economy as some countries had introduced fresh lockdown measures to contain the disease.


    Edited By: Oluwole Sogunle
    Source: NAN