Energy

PR New winners have emerged in the three categories sponsored by the Nigerian Content Development and Monitoring Board (NCDMB) in the 2024 edition of the Bayelsa Media Awards (BMA) held on Thursday in Yenagoa, Bayelsa State. The three winners of the NCDMB categories are Mr. Joseph Kunde of TV Continental who won NCDMB Prize for Niger Delta Region Oil & Gas Broadcast Reporter of the Year, Mr. Datonye Fred Alambo of Radio Nigeria, who won the NCDMB Prize for Niger Delta Region Economy Reporter of the year and Mr. Bassey Willie of the Daily Trust Newspaper who won the NCDMB Prize for Niger Delta Region Oil & Gas Print Reporter of the Year. All the winners of the NCDMB categories received a new laptop each and a handsome cash prize. The Bayelsa Media Awards has several othe...

Picture credit: Realnews By Ali Elias An NNPC-contracted helicopter operated by East Winds Aviation lost contact on October 24, 2024, shortly after departing Port Harcourt NAF Base for FPSO NUIMS Antan, with eight people on board. Authorities, including the Ministry of Aviation, have launched search and rescue efforts, recovering three bodies so far. NNPC has pledged ongoing support for rescue operations and expressed sympathy for the families affected. The company shared details of the incident in a press release  on October 24, titled, “NNPC Ltd Reports Helicopter Incident En-Route NUIMS-ANTAN FPSO”,  stating: On the 24th of October 2024, about 11:22am, we lost contact with the Helicopter – Register Number: 5NBQG, engaged by NNPC Limi...

By PR The Nigerian Content Development and Monitoring Board (NCDMB) has signaled plans to support new research and development projects as part of its Technology Innovation and Incubation Strategy and the enduring commitment to catalyzing innovation in the Nigerian oil and gas industry and linkage sectors. The new R&D projects will add to the 14 applied research projects NCDMB currently sponsors at various stages of technological readiness. One shining example being Amal Technology, which manufactures gas leak detection devices and printed circuit boards in Abuja. The Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe hinted this in the keynote address he delivered at the 2024 edition of the Triple Helix Nigeria SciBiz Conference in Abuja, attended by industry representativ...

Secretary-General of the International Energy Forum (IEF), Joseph McMonigle, has underscored the pivotal role of natural gas in the energy transition in a keynote address to the Singapore International Energy Week (SIEW). Reflecting on recent developments, Mr McMonigle pointed to the evolving discourse on the energy transition and emphasized the necessity of integrating natural gas into future energy strategies. “The debate about the energy transition has shifted significantly over the past three years,” McMonigle remarked. “Three key events have shaped the global discourse: the 2021 gas shock, which highlighted the risks of under-investment in traditional energy; Europe’s pivot to U.S. LNG in 2022, which showed that renewables alone are not sufficient to meet demand; and COP28 in 20...

By PR The Nigerian Content Development and Monitoring Board (NCDMB) and Shell Petroleum Development Company (SPDC), with its joint venture (JV) partners, on Thursday unveiled world-class engineering design studios and an information and communication technology (ICT) hub at the Federal University of Technology, Owerri (FUTO). The facilities were conceived and donated in furtherance of the Nigerian Content Human Capacity Development (HCD) programme which had focused lately on institutional strengthening, equipping universities and revamping select technical and vocational schools across the country, in a bid to develop competent technical manpower and craftsmen needed in the oil and gas industry and the linkage sectors. The new facilities include two state-of-the-art Engineering De...

By Ali Elias The federal government has formally approved Seplat Energy’s acquisition of Exxon Mobil’s onshore assets, a transaction valued at $1.28 billion. The confirmation came from Gbenga Komolafe, CEO of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), during the agency’s 3rd Anniversary event in Abuja on Monday, where he announced that ministerial approval had been granted. This decision follows a regulatory process spanning over two years since the deal was initially announced in February 2022, reflecting significant delays. President Bola Tinubu had hinted on October 1 that the final approval would be completed soon after regulatory clearance. With this approval, Seplat Energy will secure a 40 percent stake in four oil mining leases, along with strategic infr...

By Ali Elias The Nigerian Content Development and Monitoring Board (NCDMB) has taken a significant step towards enhancing in-country value addition and reducing capital flight by challenging academia and industry stakeholders to explore mutually beneficial initiatives. At the inaugural Research Collaboration Meeting held at Rivers State University, Port Harcourt, NCDMB's Executive Secretary, Engr. Felix Omatsola Ogbe, emphasized the power of collaboration in driving innovation and cutting-edge solutions. This is contained in a Press Release on their website on  Thursday, titled, “At Research Collaboration Meeting, NCDMB Challenges Industry, Academia, on Cutting-edge Solutions, Reaffirms Commitment”. Full details of the statement read: The Nigerian Content Development and Monitoring B...

The 650,000 barrels of fuel per day facility said this in a suit filed before the Federal High Court in Abuja, seeking to nullify import licences issued to the Nigeria National Petroleum Corporation Limited (NNPC) and five other companies for the purpose of importing refined petroleum products. The News Agency of Nigeria (NAN) reports that the other five companies are Aym Shafa Limited, A. A. Rano Limited, T. Time Petroleum Limited, 2015 Petroleum Limited and Matrix Petroleum Services Limited.Dangote Refinery, in a suit marked: FHC/ABJ/CS/1324/2024 and filed by Ogwu Onoja, SAN, before Justice Inyang Ekwo, had sued Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and NNPCL as 1st and 2nd defendants. Also listed as 3rd to 7th defendants respectively in the origi...

Energy - Opinion By Dan Kunle The arguments presented to support the notion that President Bola Ahmed Tinubu (PBAT) must sell petrol at cheaper rates in Nigeria are, at best, baseless and overly emotional. They fail to account for the socioeconomic realities and behavioural patterns that have shaped our nation for decades. This is a response to an article by Dr Aliyu U published on the 12 October. Misconception of Ownership It is important to understand that the oil and gas produced in Nigeria are not wholly ours. The extraction and production of these resources are heavily dependent on foreign companies that bring their capital, technology, and managerial expertise into the equation. In truth, Nigeria lacks the capacity to independently exploit these resources. This isn’t just...

By PR As part of its efforts to accelerate the adoption of Compressed Natural Gas (CNG) as a cleaner and more affordable fuel alternative in Nigeria, NNPC Retail Limited (NRL), a subsidiary of the NNPC Ltd, has sensitized over 1,000 auto mechanics through a comprehensive awareness initiative. The sensitization exercise which took place at the National Artisans and Technicians Conference held last week in Lagos, brought together a large audience drawn from auto mechanics and technicians from across the country. The engagement aimed to demystify the process of converting gasoline-powered vehicles to CNG and encourage the adoption of sustainable energy solutions. In addition to promoting the benefits of CNG conversion, NRL also raised awareness about its Oleum, its lubricant range, k...