Energy
World Environment Day 2022: Chevron Commits to a sustainable Future
Precious ADELOLA
LAGOS-EVERY year on June 5, the world commemorates World Environment Day (“WED”) to celebrate and promote environmental awareness and sustainability across the globe. Led by the United Nations Environment Programme (“UNEP”), and held annually since 1974, each edition focuses on raising awareness and mobilizing the world to take positive action to protect nature and our planet.
The theme for this year is “Only One Earth” with focus on “Living Sustainably in Harmony with Nature.” It beams a spotlight on climate action, nature action and pollution action while encouraging everyone, everywhere to live sustainably. Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Corporation (“NNPC”) and CNL (“NNPC/CNL JV”), identifies with this global action to save the planet as it aligns with our commitment to protecting the environment while providing affordable, reliable, and ever-cleaner energy.
CNL, not only conducts its business in a socially and environmentally sustainable manner, but also in compliance with applicable regulatory requirements, stakeholder expectation and best industry practices, and has made Environmental stewardship part of its social investment programmes.
Rick Kennedy, CNL Chairman and Managing Director, explains that CNL’s approach to sustainability is highlighted by its commitment to protecting the environment, empowering its people, and always getting results the right way. “Chevron is proud to be part of the solution to global environmental issues wherever we operate. Our environmental and energy transition efforts focus on lowering the carbon intensity of our operations, building lower carbon businesses, supporting well-designed climate policy, responsible water management, and biodiversity, while using our Operational Excellence Management System (“OEMS)” to manage risks.”
According to him, the company’s OEMS delivers industry-leading performance in process safety, personal safety and health, environment, reliability, and efficiency. “Our Environmental philosophy and processes lay the foundation for sound environmental management. The company protects the environment through the entire lifecycle from responsible design, development, operations, and asset retirement.” he stated.
CNL recognizes the importance of minimizing its environmental footprints and promoting ecosystem restoration. The company continually aims to achieve world class environmental excellence through implementation of its Environment Risk Assessment and Management (“ERAM”) procedure to identify, assess, mitigate, and manage environmental risks, environmentally related community health risks, and environmentally related social risks. CNL is committed to ecosystem sustainability, including ecosystem restoration interventions where required.
The restoration programmes provide positive environmental impacts and opportunities for raising the awareness of the community members to the impacts of degradation and benefits of restoration.
CNL is advancing its lower carbon strategy focusing on lowering the carbon intensity in its operations and taking proactive approaches to managing its methane detection and reduction capabilities. CNL utilizes high tech Optical Gas Imaging (“OGI”) cameras for detecting minute fugitive emissions. CNL has reduced routine gas flaring by over 95% in its operations in the past 10 years.
Chevron recognizes the importance of protecting and conserving a region’s biodiversity, and we have a long history of working in collaboration with communities, industry groups, regulators, and conservation groups to identify and protect biodiversity in parts of the world where we operate. CNL, in partnership with the Nigerian Conservation Foundation (“NCF”) established in 1992, the Lekki Conservation Centre (“LCC”). This 78-hectare facility, a center of excellence in environmental research and education, is reserved as a sanctuary for the rich flora and fauna of the Lekki Peninsula.
In 2005, CNL began supporting a yearly postgraduate research scholarship for PhD students in environment and conservation, instituted by the NCF. Additionally, the company hosts the annual S.L. Edu Memorial Lecture to promote environmental management awareness and partners with the Lagos State Government and NCF to sponsor an annual environmental awareness programme, tagged, Walk for Nature, an event held to create awareness and promote nature conservation and sustainable environmental management.
Esimaje Brikinn, CNL’s General Manager, Policy, Government and Public Affairs notes that for over 60 years, CNL has remained an active agent of sustainable development and strong advocate of partnerships in support of the environment. “We will continue to partner with stakeholders in raising public awareness to create the transformative environmental change we need to advance to a more sustainable future of our Only One Earth,” he said.
Energy
OPEC+ Retains Output at 30.9mbpd
In a confirmation of expectations that more policy adjustments will not occur until 2027, OPEC+ oil-producing countries have voted to keep December production targets steady.
The OPEC+ alliance, yesterday, agreed in principle to keep its combined December oil output targets unchanged at 30.9 million barrels per day (bpd), with Saudi Arabia’s individual target held at 10.5 million bpd.
The resolution was passed at a virtual meeting attended by seven core OPEC+ members- Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman.
This is as the group continues to struggle with export disruptions from the Middle East crisis, while Gulf members have been boosting exports that have been disrupted for months by the conflict, most are still pumping well below their targets.
OPEC+ comprises the Organisation of the Petroleum Exporting Countries (OPEC) and allies including Russia. Only the seven members — plus the United Arab Emirates (UAE) until it quit OPEC in May — have been involved in monthly output decisions in recent years.
READ ALSO: Gas Infrastructure Fund Sets Terms for Indigenous Access to Funding
All members of the 21-country group are due to meet on November 29, when it will decide 2027 quotas.
“Today’s decision was the easy one,” said Jorge Leon, an analyst at Rystad. “The much more important test comes at the November 29 ministerial meeting, when OPEC+ will decide its 2027 production framework.”
Oil prices jumped more than two per cent on Friday, with Brent crude settling at almost $118 a barrel, the highest since April, as traders braced for a potential escalation in the Iran war after the US midterm elections.
“OPEC+ faces an extremely difficult call for 2027,” Leon added. “The group has to plan around huge uncertainty over the US-Iran war, the pace of recovery through the Strait of Hormuz, and the size of the surplus that could emerge once disrupted barrels return.”
The seven members have been boosting output targets for much of 2026 and in September completed the phased rollback of a 1.65 million-barrel-per-day supply cut first agreed in 2023. At earlier meetings, they kept the targets steady for October and November.
OPEC+ still has one more layer of production cuts of about two million bpd covering most members through the end of 2026.
The group needs to complete a review of members’ production capacity during the fourth quarter before setting the 2027 baselines that will determine future quotas and shape plans to unwind those cuts, sources have said.
The Iran war has disrupted projects to expand capacity across the Middle East, throwing estimates of future production potential into uncertainty, Reuters reported in October. As a result, the review is now expected to be completed by mid-November.
Energy
U.S. to Tweak LNG Safety Rules for Foreign Markets
With a view to accelerating infrastructure development and reducing operating costs, the U.S. Department of Transportation is contemplating a new set of safety regulations for liquefied natural gas facilities.
This is coming as American exporters prepare for another major expansion in global natural gas markets.
It was gathered that the proposal, issued by the Pipeline and Hazardous Materials Safety Administration (PHMSA), would modernize federal LNG safety requirements by incorporating standards developed by the National Fire Protection Association.
READ ALSO: Investors Embrace DPRP IPO Globally, 120 Countries, 54 African Nations
The changes are to address facility location, engineering, construction, operations, and maintenance, with greater flexibility to adopt newer technologies.
Transportation Secretary, Sean Duffy estimates that the updated framework could save LNG operators approximately $100 million annually while maintaining safety protections. The projected savings are an agency estimate, and the proposal has not yet become a final regulation.
The initiative comes as the United States strengthens its position as the world’s largest LNG exporter. American export capacity is expected to increase by approximately 100 million metric tons annually by the end of the decade, supported by projects already under development and additional planned investments.
Global LNG demand has also become more sensitive to geopolitical disruptions. Interruptions to Middle Eastern gas shipments associated with the conflict involving Iran have encouraged international buyers to evaluate alternative suppliers and diversify long-term procurement arrangements.
U.S. LNG developers have responded with additional investment commitments. Projects representing more than 50 million metric tons of annual capacity have reached final investment decisions since the beginning of 2025.
Major exporters, including Cheniere Energy and Venture Global, are pursuing additional development opportunities as federal policy places greater emphasis on expanding domestic energy infrastructure.
However, regulatory modernization does not eliminate the financial or operational challenges associated with LNG construction.
Developers must still secure the Federal Energy Regulatory Commission (FERC) approvals, complete environmental reviews, arrange financing, and address potential legal challenges. Pipeline connections, specialized equipment availability, construction costs, and long-term customer contracts also influence project schedules.
Delfin LNG, which is developing a floating export facility, illustrates the importance of infrastructure safety approvals. Its associated pipeline has not received publicly confirmed PHMSA clearance to resume operations following an explosion earlier this year.
Separately, FERC has proposed a streamlined authorization framework for certain modifications and expansions at existing LNG facilities, including activities that could qualify for automatic approval or shortened review periods.
For energy investors, the combined regulatory initiatives could improve development visibility and reduce some costs, although their financial impact will depend on final requirements and individual project circumstances.
Additional LNG export capacity could support demand for U.S. natural gas production, particularly from major producing regions connected to Gulf Coast terminals.
Midstream operators, engineering companies, compression equipment manufacturers, and construction contractors could also benefit from continued infrastructure investment.
At the same time, greater export demand may increase domestic natural gas price sensitivity to international markets, creating different implications for producers, utilities, and industrial consumers.
Investors will be monitoring the final PHMSA regulations, FERC permitting developments, LNG project financing decisions, and the pace at which proposed export capacity enters commercial service.
Energy
NALPGAM Preaches Innovation, Safety to LPG Operators
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has urged operators in Nigeria’s liquefied petroleum gas (LPG) industry to strengthen safety standards, improve regulatory compliance and adopt digital technologies to reduce operational losses and drive business growth.
The association said improved operational practices would help protect investments, enhance efficiency, build consumer confidence and support the sustainable expansion of C.
The call followed its 2026 webinar, themed “Downstream LPG Operational Excellence and Compliance,” which brought together industry operators, regulators and other stakeholders to discuss safety risks, market volatility, operational inefficiencies and regulatory requirements in the downstream LPG sector.
Speaking at the event, NALPGAM National President, Edu Inyang, said the industry’s long-term growth would depend on more than increased consumption and supply volumes, stressing the need to embed safety and operational efficiency in everyday business practices.
“The future of Nigeria’s LPG industry cannot be achieved by increasing volumes alone. We must grow safely, responsibly, efficiently and sustainably. Safety is not an occasional campaign; it must become a continuous industry culture,” he said.
READ ALSO: Tinubu Promises to Boost Local Production with NNPC Refineries
A major outcome of the webinar was a proposal for a NALPGAM Standard of Operational Excellence, anchored on four principles: safe and well-maintained facilities, competent and adequately trained operators, regulatory-compliant processes, and consumer protection.
Participants urged operators to integrate safety into routine operations, strengthen preventive maintenance and comply with licensing and incident-reporting requirements.
They also called for an end to unsafe practices, including unauthorised propane blending and illegal decanting, warning that such activities could expose businesses and consumers to avoidable risks.
Inyang said compliance should be viewed as a means of strengthening business performance rather than merely fulfilling regulatory obligations.
“Compliance is not merely a regulatory burden; it is a business advantage. Well-managed LPG operations reduce accidents, improve efficiency, protect investments and strengthen public confidence in our industry,” he said.
The webinar also highlighted the role of digital technologies in improving operational efficiency and accountability across the LPG value chain.
Participants identified smart filling systems, automated tank gauges, load cells, flow meters and vehicle-tracking systems as practical tools for monitoring product movements, reducing losses and improving inventory management.
Wider adoption of these technologies, they said, could help operators strengthen operational controls, minimise discrepancies and improve the reliability of LPG distribution.
The discussions come as Nigeria seeks to expand LPG consumption to approximately five million tonnes annually by 2030, a target that will require increased investment, stronger distribution networks and wider consumer access.
Stakeholders called for greater industry participation in the Decade of Gas LPG penetration programme, alongside stronger collaboration to expand access, improve cylinder traceability and promote certified local manufacturing.
The NALPGAM also urged regulators and programme coordinators to involve its members more actively in implementing LPG penetration and cylinder recirculation initiatives.
According to the association, its members’ nationwide presence and proximity to consumers could help improve the reach and effectiveness of programmes designed to increase LPG adoption.
Reiterating the association’s position, Inyang said the industry must establish clear operational standards that protect consumers while supporting efficient and sustainable business practices.
“Our aspiration is clear: every LPG facility must be safe and properly maintained, every operator competent and adequately trained, every process compliant, and every customer protected. This is the standard of operational excellence we must collectively pursue,” he said.
The NALPGAM reaffirmed its commitment to working with government agencies, regulators and industry stakeholders to develop a safer, more efficient and competitive LPG market.
The association maintained that embedding safety, strengthening compliance and deploying appropriate technologies would be critical to improving operational performance and supporting the long-term growth of Nigeria’s LPG industry.





