Gas
Niger Delta Avengers: President Buhari Reads riot Act …considers the carrot and stick option
By Yemie ADEOYE
LAGOS-FOLLOWING incessant multiple attacks on Oil and gas installations in Nigeria by the Niger-Delta Avengers which has brought the country’s oil production to below 1 million barrels a day, President Muhammadu Buhari has threatened to apprehend the perpetrators and their sponsors and bring them to book.
The President who actually proposed a carrot and stick approach stated that the federal government is ready and willing to engage elders and leaders from that region to address the issues, but will not succumb to pressure by the militants should they refuse to desist from their current spate of attacks on the economy of the country.
Armed Militant Group in the Niger Delta
“On the Niger-Delta we are committed to implementing the United Nations environment programme report and are advancing clean-up operations. I believe the way forward is to take a sustainable approach to address the issues that affect the delta communities.
Re-engineering the amnesty programmes is an example of this. The recent spate of attacks by militants disrupting oil and power installations will not distract us from engaging leaders in the region in addressing Niger Delta problems. If the militants and vandals are testing our resolve, they are much mistaken. We shall apprehend the perpetrators and their sponsors and bring them to justice.”
The President assured the nation that policy measures and actions taken so far are not to be seen as some experiment in governance. “We are fully aware that those vested interests who have held Nigeria back for so long will not give up without a fight. They will sow divisions, sponsor vile press criticisms at home and abroad, incite the public in an effort to create chaos rather than relinquish the vice-like grip they have held on Nigeria.
The economic misfortune we are experiencing in the shape of very low oil prices has provided us with an opportunity to restructure our economy and diversify. We are in the process of promoting agriculture, livestocks, exploiting our solid mineral resources and expanding our industrial and manufacturing base. That way, we will import less and make the social investments necessary to allow us to produce a large and skilled workforce.”
President Buhari further assured that the Central bank of Nigeria will offer more fiscal incentives for business that prove capable of manufacturing products that are internationally competitive. According to him the government remains committed to reforming the regulatory framework, for investors by improving the ease of doing business in Nigeria.
“Meanwhile, the first steps along the path of self-sufficiency in rice, wheat and sugar – big users of our scarce foreign exchange – have been taken. The labour intensive farming enterprise (life), will boost the economy and ensure inclusive growth in long neglected communities. Special intervention funds through the bank of agriculture will provide targeted support.
Concerns remain about rising cost of foods such as maize, rice, millet, beans and gari. Farmers tell me that they are worried about the cost of fertilizers, pesticides and the absence of extension services. The federal and state governments are on the same page in tackling these hurdles in our efforts at increased food production and ultimately food security.” He enthused.
Announces ambitious expansion plans
Platform Petroleum says the company is targeting a billion-dollar investment as it announces an ambitious strategic plan to bring 3 marginal fields into production by 2025, with a target of 10,000 barrels of oil and at least 50 billion standard cubic feet of gas per day.
Speaking on the sidelines of the 2024 Offshore Technology Conference (OTC) in Houston, USA, Chief Dumo Lulu-Briggs, Chairman of Platform Petroleum said that the company has scheduled a roadshow in London this June 2024 to raise extra funding to finance their ambitious expansion plans.
“The upcoming roadshow aims to attract equity partners and prepare for future opportunities, targeting a billion-dollar investment. We are seeking partners ready to invest in Nigeria’s oil and gas potential.
Our goal is to showcase the country’s vast opportunities and its potential to international investors” Lulu-Briggs said.
Platform Petroleum’s roadshow in London will highlight the company’s efficient production, upgraded flow stations, increased capacity, and achievements in nearly zero emissions.
With about one percent gas flare currently, Platform aims for zero gas flares by the last quarter.
“Nigeria is a vast market, and Platform Petroleum is thinking big. With the government’s ambitious plans, such as the Lagos-Calabar coastal line, Platform is poised for growth; pushing itself to the next level, building on a strong foundation and following Seplat’s successful precedent”, Lulu-Briggs said.
Despite being a small company, he emphasized that Platform Petroleum has demonstrated significant success and efficiency, showcasing that smaller oil and gas entities can indeed achieve remarkable feats adding that he believes that the company deserves recognition and more assets.
“Platform Petroleum is ambitious, aspiring to become a tier-1 company akin to international oil companies (IOCs) or a tier-2 company like Seplat. Interestingly, Seplat originated from Maurel & Prom, Shebah Petroleum, and Platform Petroleum, and today stands as a major player in the industry.
This history underlines Platform’s potential for substantial growth”, Lulu-Briggs said.
Furthermore, the Platform Petroleum Chairman said that the Offshore Technology Conference (OTC) is a crucial event for promoting Nigeria’s significant market potential.
“Partnering with the Petroleum Technology Association of Nigeria (PETAN) at OTC is key to attracting investment. The current proactive government understands the necessity for economic growth, and Platform is prepared to leverage every opportunity in the oil and gas industry to contribute to this expansion”, he concluded.
Precious ADELOLA
The NNPC/Aiteo Joint venture has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market.
The announcement of the Nembe Crude Oil Blend, produced by Aiteo, the Operator of the NNPC/Aiteo Oil Mining Lease (OML) 29 Joint Venture (JV), was made at the ongoing Argus European Crude Conference in London, on Tuesday.
OML 29, an asset located onshore Nigeria, is operated by Aiteo Eastern Exploration & Production Ltd, Africa’s leading indigenous hydrocarbon producer, following a historic acquisition from Shell in 2014.
NNPCL Boss, Engr. Mele Kyari
The Nembe Crude was previously blended with the popular Bonny Light grade and exported via the Bonny Oil & Gas Terminal.
The unique selling point of the Nembe Crude Oil grade with an API gravity was highlighted by both the Aiteo E & P and NNPC Limited Leadership at the Argus Conference in London.
The Nembe Crude Oil grade also has a low sulphur content and low carbon footprint due to flare gas elimination, fitting perfectly into the required spec of major buyers in Europe.
Two cargoes of 950,000 barrels each of the Nembe Crude Oil grade have since been exported to France and the Netherlands. With its attractive Assay of API 29 and low sulphur content, the Nembe Crude Oil grade commands a premium to the global Brent benchmark.
With the NNPC-Aiteo OML 29 JV back on-stream, Nigeria now boasts of an additional crude oil export of 2 Cargoes at 950,000 barrels each per month and 1.2 Bcf of export gas monthly.
This remarkable achievement signals the commencement of activities at Nigeria’s newest crude oil terminal, the Nembe Crude Oil Export Terminal (NCOET), which was licensed in line with the extant laws and Crude Oil Terminal establishment regulations.
The terminal was conceived as a Floating Storage and Offloading Vessel (FSO) with a storage capacity of two (2) Million Barrels and the ability to offload crude oil to any export tanker from AFRAMAX to Very Large Crude Carriers (VLCC).
It has a loading capacity of 25,000 barrels per hour and will be exporting over 3.6 million barrels of Crude oil monthly at full scale of operation.
Currently, hydrocarbon production from OML 29, which was hitherto constrained due to evacuation challenges owing to the security issues around the Nembe Creek Trunk Line (NCTL) corridor, has now been resolved through a collaborative and creative approach that led to the innovation of the Alternative Crude Oil Evacuation Solution.
The Argus European Crude Conference 2023 in London is a gathering of energy majors, refiners, NOCs, traders, financial institutions, and other representatives from across the global oil markets. The event also provides a critical opportunity for business leaders to connect, discuss, share and learn from one another.
Modupe Asudo
Major players in the oil and gas sector in Nigeria led by the Nigerian National Petroleum Company Limited (NNPCL) have covenanted to optimise operations by reducing contracting cycle to not more than 180 days.
A statement issued by the company disclosed that the Memorandum of Understanding (MoU) to this effect was endorced on Monday in Abuja at the company’s head office.
Other parties to the the contract include, the Nigerian Content Development and Monitoring Board, (NCDMB) and international oil companies.
Biztellers reports that an optimised contracting cycle was expected to improve the ease of doing business, reduce cost and drive efficiency, which would eventually translate to production growth, increased revenues, and ultimately improved profitability.
In addition, the MoU was expected to contribute significantly to the double-digit economic growth rate agenda of the Federal Government and generate value for all stakeholders, including investors, companies, host communities and Nigeria.
Notable elements in the framework of the MoU, going by the statement, included a reduction of the contracting cycle for open competitive tender, selective tender, and single sourcing tender to 180, 178, and 128 working days respectively.
This was in contrast with the current best effort performance of 327, 333, and 185 working days respectively.
According to Group Chief Executive Officer, NNPCL, Mele Kyari, signing the agreement portends exciting times for Nigeria’s oil and gas industry, in addition to standing as a bold testimony that the company was plunging into the future of hope, productivity and success.
Kyari, represented at the occasion by Executive Vice President, Upstream, NNPCL, Oritsemeyiwa Eyesan, pointed out that with oil and gas as the bedrock of Nigeria’s economy, there was need to get the contracting process in the Industry right so as to get the economy back on track.
In his remarks, Executive Secretary, NCDMB, Simbi Wabote, described the MoU as a way forward and a critical step towards enhancing the nation’s crude oil production.
Turkish Model Arrested Over Plan To Sleep With 100 Men In 24 Hours
Davido Is Richer Than His Billionaire Father – Ibrahim Chatta Claims
Train Accident In Maharashtra Claims 11 Lives After Panic Over Fire Alarm
Joy In Enugu As Beatrice Ekweremadu Released From UK Prison
Gov Alia Locks Out Civil Servants In Surprise Visit, Issues Stern Warning
UI Students Stage Peaceful Protest Over Ongoing Power Crisis At UCH
OSSG Raises Alarm Over Murder Plot By APC Chieftain
NCC, SMEDAN, NAICOM, SEC, Others Set for SUPERNEWS SMEs Conf June 13
Sahara’s Tonye Cole resigns from GPHCDA
Niger Delta Avengers: President Buhari Reads riot Act …considers the carrot and stick option
Oando opens ultra-modern petrol station in Lagos
pujcka 20000 na smenku v cesku
November 10, 2024 at 8:50 am
Přijetí hypoteční platby může být obtížné pokud nemáte rádi
čekání v dlouhých řadách , vyplnění intenzivní formuláře , a odmítnutí úvěru
na základě vašeho úvěrového skóre . Přijímání hypoteční platby může být problematické,
pokud nemáte rádi čekání v dlouhých řadách ,
podávání extrémních formulářů , a odmítnutí úvěru na základě vašeho úvěrového skóre .
Přijímání hypoteční platby může být problematické , pokud
nemáte rádi čekání v dlouhých řadách , vyplnění
extrémních formulářů a odmítnutí úvěrových rozhodnutí založených na úvěrových
skóre . Nyní můžete svou hypotéku zaplatit rychle a efektivně v České republice. https://groups.google.com/g/sheasjkdcdjksaksda/c/KovwjSydXoY
прави любов
January 7, 2025 at 6:06 am
Tak skal du have!|Olá, creio que este é um excelente blogue. Tropecei nele;
заплащане за защита
January 7, 2025 at 6:28 am
Podem recomendar outros blogues/sites/fóruns que tratem dos mesmos temas?
pitsiset alusvaatteet
January 8, 2025 at 7:44 am
webside er virkelig bemærkelsesværdig for folks oplevelse, godt,
have sex
January 8, 2025 at 1:14 pm
muito dele está a aparecer em toda a Internet sem o meu acordo.
menstruatie slipje
January 9, 2025 at 7:31 am
skupině? Je tu spousta lidí, o kterých si myslím, že by se opravdu
orgone
January 9, 2025 at 12:19 pm
nogensinde løbe ind i problemer med plagorisme eller krænkelse af ophavsretten? Mit websted har en masse unikt indhold, jeg har
продаж б/в білизни
January 10, 2025 at 10:06 am
Com tanto conteúdo e artigos, alguma vez se deparou com problemas de plágio ou violação de direitos de autor? O meu site tem muito conteúdo exclusivo que eu próprio criei ou
кружевное женское нижнее белье
January 11, 2025 at 9:01 am
ocenili váš obsah. Dejte mi prosím vědět.
заняться сексом
January 11, 2025 at 9:34 am
O conteúdo existente nesta página é realmente notável para a experiência das pessoas,
web girl
January 13, 2025 at 9:11 am
Com tanto conteúdo e artigos, alguma vez se deparou com problemas de plágio ou violação de direitos de autor? O meu site tem muito conteúdo exclusivo que eu próprio criei ou
sapatos femininos usados
January 13, 2025 at 5:11 pm
på grund af denne vidunderlige læsning !!! Jeg kunne bestemt virkelig godt lide hver eneste lille smule af det, og jeg
sous-vêtements en dentelle
January 14, 2025 at 9:14 am
Můžete mi doporučit nějaké další blogy / webové stránky / fóra, které se zabývají stejnými tématy?
menstrualne hlačke
January 14, 2025 at 2:54 pm
) Jeg vil besøge igen, da jeg har bogmærket det. Penge og frihed er den bedste måde at ændre sig på, må du være rig og
miesiączka mutandynowa
January 16, 2025 at 9:31 am
devido a esta maravilhosa leitura!!! O que é que eu acho?
gebrauchte Unterwäsche
January 17, 2025 at 8:55 am
I loved as much as you will receive carried out right here. The sketch is attractive, your authored subject matter stylish. nonetheless, you command get bought an edginess over that you wish be delivering the following. unwell unquestionably come more formerly again as exactly the same nearly a lot often inside case you shield this increase.
gebrauchte Damenschuhe
January 17, 2025 at 12:10 pm
Attractive section of content. I just stumbled upon your weblog and in accession capital to assert that I acquire actually enjoyed account your blog posts. Any way I will be subscribing to your feeds and even I achievement you access consistently rapidly.
蕾丝内衣
January 18, 2025 at 9:04 am
Currently it seems like BlogEngine is the best blogging platform out there right now. (from what I’ve read) Is that what you are using on your blog?
regl külot
January 18, 2025 at 3:56 pm
Hey this is kind of of off topic but I was wanting to know if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding knowledge so I wanted to get advice from someone with experience. Any help would be greatly appreciated!
intimo femminile
January 19, 2025 at 9:04 am
My coder is trying to convince me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using WordPress on a number of websites for about a year and am concerned about switching to another platform. I have heard great things about blogengine.net. Is there a way I can import all my wordpress posts into it? Any help would be greatly appreciated!
orgone
January 19, 2025 at 2:43 pm
Hey there! This is kind of off topic but I need some help from an established blog. Is it very difficult to set up your own blog? I’m not very techincal but I can figure things out pretty quick. I’m thinking about making my own but I’m not sure where to begin. Do you have any ideas or suggestions? Cheers
orgonite
January 20, 2025 at 7:35 am
Můžete mi doporučit nějaké další blogy / webové stránky / fóra, které se zabývají stejnými tématy?
webcam girl
January 21, 2025 at 12:40 pm
Its like you read my mind! You seem to know so much about this, like you wrote the book in it or something. I think that you could do with a few pics to drive the message home a little bit, but other than that, this is magnificent blog. A great read. I’ll certainly be back.
ciondolo resina
January 22, 2025 at 8:07 am
e dizer que gosto muito de ler os vossos blogues.
orgonite
January 23, 2025 at 7:10 am
Tak skal du have!|Olá, creio que este é um excelente blogue. Tropecei nele;
ciondolo
January 23, 2025 at 8:12 am
Também tenho o seu livro marcado para ver coisas novas no seu blog.