Business
3rd SITEI Conference gathers steam as business leaders set to atten
Lagos-
THERE are high indications that key stakeholders in the in the Nigerian Public and private sectors would be attending this year’s Sustainability in the Extractive Industries (SITEI) Conference holding at the Intercontinental Hotel, Victoria Island, Lagos.
This was contained in a statement issued by the organisers of the event in Lagos and made available to Biztellers. It reads in part that plans are in top gear for a successful hosting of the third, with endorsements and confirmation of attendance by keynote speakers, industry captains and heads of relevant government agencies, ministries and parastatals.
“Top on the list of endorsements and confirmed attendees are the Executive Governor, Cross River State, Senator Liyel Imoke and the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Ernest Nwapa.
Others include Raymond Wilcox, General Manager, Nigerian Content Development, Chevron; Lara Banjoko, Chief Executive Officer, Zone 4 Energy; Yomi Awobokun, Chief Executive Officer, Oando Downstream; Dayo Okusami, General Counsel and Executive Director, Atlantic Energy; Ladi Bada, Chief Executive Officer, Shoreline Natural Resources Limited;
Meka Olowola, Managing Partner, Zenera Consulting; Douglas Kativu, Head, Global Reporting Initiative Focal Point; Emeka Ene, Chairman, PETAN; Niyi Yusuf, Managing Director, Accenture Nigeria; Innocent Chukwuma, West Africa Representative, Ford Foundation; John Momoh, Chairman, Channels Television; Christine K, Director, Heinrich Boell Foundation Nigeria;
Jeffrey Corey, COO, Seven Energy; Prof. Wale Omole, Member, Board of Trustee, CSR-in-Action; Fidel Pepple, Immediate Past General Manager, NAPIMS; Olufemi Olarewaju, Director Sustainability School; Taofiq Tijani, Hon. Commissioner for Energy and Mineral Resources, Lagos State; Doyin Olutona, Co-Founder, U-turn Africa; Owanari Duke, Country Director, Empretech Foundation; Innocent Lagi, Attorney General, Nasarawa State; Samuel Ayinde, Director, International Organisation for Youth Advocacy and Development, among other dignitaries from relevant government parastatals, community advocators and companies in the mining and oil and gas sectors.
The theme for the SITEI conference, which is the third in the series, is “Local Content Participation, Accountability and Transparency.” The highly anticipated event will address the challenges of local entrepreneurs, job seekers, policies and critical issues surrounding the implementation of quality local content participation in the Extractive Industries and proffer practical solutions towards improving entrance, accountability and transparency in the sector. “
The conference holds on Friday, October 24, 2014, and is organised by CSR-in-Action, a non-profit organisation devoted to the advancement of social ethics, social responsibility and corporate governance in Africa.
According to CSR-in-Action’s Executive Director and Conference Convener, Bekeme Masade, the conference is a call to action for players, aspiring entrepreneurs and professionals in the sector to play more active roles towards better industry practices and a more rewarding experience for all.
“We are hoping the conference would encourage the youths in particular to explore the unique opportunities that abound in the sector in Africa and leverage on the current boom in investments in mining and associated infrastructure. We are also hoping that investors, lenders and bigger companies reduce the entry threshold for healthy competition and the empowerment of the average, focussed citizen,” she enthused.
Speaking further, she added that “We want to see more emphatic commitments by the big players to ensure merit-based increase in local content participation to drive Nigeria’s economic development into the future.”
Mr Esimaje Brikinn, Head, Social Performance and Planning, Chevron Nigeria, in explaining why they decided to support the conference echoed the sentiments of the other sponsors in the room, saying “the Conference theme closely relates to the DNA of Chevron’s activities around Nigerian Content Development”.
The theme of this year’s event is a natural sequel to the successful second SITEI conference, which had as keynote speaker, the former World Bank Vice President for Africa Region, Dr. Oby Ezekwesili. The second edition discussed the need for implementable policies in the sector and produced a convergence of important opinions and contributions on the topic from different stakeholders cutting across private sectors, government representatives and community leaders.
The SITEI event this year is, therefore, expected to address nagging issues that have threatened to stagnate the local content drive, like quality of local content players – vendors, contractors and business men – to play more active and dominant roles in the extractive industries.
The conference will feature workshop sessions with stimulating topics for discussion, with a potpourri of sustainable solutions expected to be provided to enforce the message and spirit of the conference, which is geared toward greater local content participation in the extractive industries.
To drive youth and mass participation in entrepreneurship, skills development and in the activities within the Extractive Industries, CSR-in-Action brings a new twist to this year’s SITEI Conference with the introduction of an Essay and Logo Design competition. This competition with the theme “Quality Local Content Participation in the Extractive Industries: Opportunities, Challenges and Solutions” is an opportunity for interested members of the public who have a burning desire to see increased local content in the extractive industries to provide a precise overview of the sector and proffer lasting panacea for all stakeholders. Visit www.csrinaction.org/SITEI2014 to participate and for more details.
To address any health fears with regard to the Ebola Virus Disease (EVD) currently ravaging some West Africa countries, Executive Director, Bekeme Masade assures conference participants that appropriate measures have been taken to ensure simple and necessary health practices are adhered to at the event to guarantee a hitch-free conference following a partnership with PathCare Nigeria.
Social media audiences will enjoy a live streaming of the key messages and proceedings. Media partners include Inspiration FM, Channels Television, Y Naija, Nigeria Info FM, CNBC, FRCN Radio one Sweet Crude Reports, and African Energy, and Technical partners are Pathcare Laboratories to address health fears and Swift Networks for exclusive Internet Connectivity at the conference.
Business
NUPRC Urges Prompt Compliance, Awards 37 Oil Blocks
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has declared 31 companies as winners of 37 oil and gas blocks under the 2025 Licensing Round.
This followed the successful conclusion of the commercial bid conference on Tuesday in Abuja, despite what the commission described as sustained threats and pressure mounted against members of its evaluation team before the conclusion of the exercise.
ALSO READ: Petrol Loading Resumes as Depot Prices Climb
The conference marked the end of an eight-month licensing process, with the winning firms now required to pay their signature bonuses and satisfy other post-award conditions within 90 days or risk forfeiting the assets to reserve bidders.
After the commercial bid conference in Abuja, the Commission Chief Executive of the NUPRC, Oritsemeyiwa Eyesan, disclosed that officials involved in evaluating the bids faced repeated intimidation throughout the process but refused to compromise the integrity of the exercise.
She said the threats persisted until the eve of the commercial bid opening. Eyesan said, “It has been a journey… If you have been told anything contrary to the fact that this process was going to be credible and transparent, do not believe it.”
Commending members of the evaluation committee, she added, “The evaluators have worked tirelessly since June 12. They have been inundated with calls and with threats, serious threats, but they stood their ground. Up until yesterday, we were still threatened, but we stood our ground to say that the times have changed. Nigeria is really open for business.”
She said President Bola Tinubu had mandated the commission to ensure a credible process and thanked the evaluators and observers from the Nigeria Extractive Industries Transparency Initiative (NEITI) for supporting the exercise.
The commission announced that 31 companies emerged successful after 143 companies submitted about 200 bids for 37 oil and gas blocks out of the 50 assets offered during the licensing round.
The successful companies include SSonic Petroleum Limited, CFP Pipeline and Flowlines, Dutchford E&P Limited, Attabanson Global Company Limited, Rosem Energy Limited, Pivot-GIS Limited, Network E&P, Asharami, LexOil, BVOF, Gupsco Energy Limited, Saratoga, Volante, Concept-Reel Petroleum Services Limited, Clinton Oil Field, Nuway Oaklane Limited, Ramec Italia.
Others are Blueridge E&P, Up Energies Limited, AYM Shafa, Blackrock Holdings Limited, Funtay Integrated Business Limited, Riparian Development and Production Limited, Nikstallis, Stardeep Petroleum, Dakoda & U Limited, Southborne Oil and Gas Limited, Lanaka Petroleum, Highban Resources Limited and Eyre Energy Limited.
The commission explained that the successful companies had emerged only as preferred bidders and would receive Petroleum Prospecting Licences (PPL) after meeting all statutory conditions under the Petroleum Industry Act (PIA).
Eyesan urged the winners to immediately commence the post-award process. She said, “These firms will only be presented final awards after the payment of the appropriate signature bonus and the approval of the Minister of Petroleum Resources in line with the Petroleum Industry Act, 2021.”
She warned that failure to fulfil the post-award conditions within 90 days would invalidate the awards, allowing the commission to invite reserve bidders.
The commission explained that the commercial bid process was designed to eliminate human interference through an automated weighted scoring system. Officials said technical evaluations had been completed before the commercial bids were opened publicly, while no one, including members of the evaluation team, had prior access to the commercial bids.
“The weighted score is 40 per cent. All these things are automated. The computer calculates everything. Nobody is using a pen to write any figures. This demonstrates the transparent, efficient and robust process built into this licensing round,” the commission stated.
Business
NCDMB, Renaissance Build Oil, Gas Capacity for 300 Graduates
The Nigerian Content Development and Monitoring Board (NCDMB), in partnership with Renaissance Africa Energy Company Limited, has launched a specialised 12-month capacity development programme to prepare 300 young Nigerian graduates for careers in the nation’s oil and gas industry
The NCDMB–Renaissance Oil and Gas Field Readiness Training Programme will provide participants with industry-relevant expertise in mechanical, electrical and instrumentation engineering, combining three months of intensive classroom instruction with nine months of structured on-the-job training at partner oil and gas service companies.
The programme has enrolled 300 beneficiaries, comprising 240 trainees in Lagos and 60 in Port Harcourt.
During the inauguration of the programme, the Executive Secretary of NCDMB, Engr Felix Omatsola Ogbe, said the initiative underscores the Board’s commitment to developing indigenous technical capacity, increasing Nigerian participation in the petroleum industry and supporting the country’s economic growth.
Represented by the Board’s Assistant Manager, Human Capacity Development, Tari Bufazi, Ogbe said the training would equip participants with practical experience and internationally recognised certifications needed to compete in the global energy industry.
“This is more than the commencement of a training programme. It is the beginning of a journey for young Nigerians who will acquire world-class skills in mechanical, instrumentation and electrical disciplines,” he said.
According to him, specialised competencies in automation, instrumentation and engineering operations have become increasingly critical as Nigeria prepares for a new wave of investments in the oil and gas sector.
“Instrumentation, electrical and mechanical engineering are foundational to the survival, profitability and safety of the Nigerian oil and gas industry. This training is designed to close existing gaps and prepare participants for industry demands,” he added.
Ogbe urged the beneficiaries to seize the opportunity to develop themselves into innovators, problem-solvers and future leaders capable of driving the industry’s growth.
In the same vein, the General Manager, Nigerian Content Development at Renaissance Africa Energy Company Limited, Olarenwaju Lanre Olawuyi, reaffirmed the company’s commitment to building indigenous capabilities through sustained investments in human capital.
Represented by Funso Alabi, Olawuyi said the programme was deliberately structured to expose participants to both classroom learning and practical field experience across mechanical systems, electrical operations, instrumentation and control, software development, networking and cybersecurity.
He noted that the practical component would bridge the gap between academic knowledge and workplace expectations, enabling participants to acquire competencies increasingly sought after by employers.
“At Renaissance, we believe local content development must create real capability, strengthen indigenous expertise and empower Nigerians to lead,” he said.
He also reminded the trainees that technical competence alone would not guarantee success, stressing that professionalism, integrity, teamwork and a strong safety culture remain essential qualities in the oil and gas industry.
The Chief Executive Officer of Radial Circle, the programme’s lead training provider, Ranti Omole, disclosed that the beneficiaries emerged from a highly competitive selection process involving thousands of applicants drawn from the NCDMB database.
He said the objective of the initiative extends beyond issuing certificates, noting that the programme is designed to produce industry-ready professionals capable of making immediate contributions in operational environments.
“We are building competence and skills. By the time you complete this programme, you should be field-ready and able to fit seamlessly into industry operations,” Omole said.
He encouraged participants to remain disciplined, embrace continuous learning and leverage the opportunity to collaborate with colleagues from different parts of the country.
Business
Nigerian Navy Claims Credit for Raising Crude Oil Production to 1.7m bpd
The operational successes of the Nigerian Navy’s sustained offensive against oil theft, illegal refining, pipeline vandalism, and militancy in the second quarter of 2026 have aided Nigeria’s crude oil production to reach 1,735 million barrels per day in June.
Recall that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced that the 1.735 million barrels per day represented 104 per cent of Nigeria’s Organisation of Petroleum Exporting Countries (OPEC) quota.
However, the Director of Naval Information, Capt. Abiodun Folorunsho, in a statement over the weekend, in Abuja, noted that the feat was the highest crude oil output recorded since April 2020.
According to Folorunsho, the offensive against crude oil theft, illegal refining, pipeline vandalism, militancy, and other forms of economic sabotage in the Niger Delta under Operation DELTA SENTINEL was intensified to consolidate first-quarter gains.
“Since April 2026, the Nigerian Navy has conducted over 580 intelligence-driven operations across Rivers, Bayelsa, Delta, Cross River, and Lagos State.
“These operations have resulted in the recovery of over 4.7 million litres of stolen crude oil and illegally refined petroleum products, as well as the arrest of over 91 suspects involved in crude oil theft, pipeline vandalism, militancy and related crimes.
“It also led to the dismantling of over 48 illegal refining sites, interception of multiple vessels engaged in crude oil theft, and the destruction of criminal logistics networks supporting economic sabotage.”
ALSO READ: Concerned Northern Forum Call for Caution over NNPC Ltd Recruitment
Folorunsho said that one of the major operational successes recorded was the arrest of the motor tankers – MKPODU, WESTAF, and STELIOS K, which were linked to the theft of more than 900 metric tonnes of suspected stolen crude oil.
He said it resulted in the recovery of over 708,000 litres of illegally refined products and 310,000 litres of stolen crude oil from a single illegal refining site in Ndoni, Rivers.
“It also facilitated numerous intelligence-led operations that dismantled reactivated refining sites, intercepted illicit fuel consignments and prevented criminal syndicates from restoring illegal production capacity across the Niger Delta,” he said.
According to him, coordinated riverine operations led to the deactivation of scores of illegal refining sites, reservoirs, dugout pits, storage facilities, warehouses, concealed fuel caches, pipeline connections and militant hideouts.
The director of naval information also said that the operations exposed a growing trend of criminal syndicates attempting to reactivate previously dismantled refining camps, prompting sustained follow-up operations.
He said the follow-ups prevented the regeneration of illegal refining ecosystems and progressively disrupted the economic viability of crude oil theft networks.
“The Nigerian Navy notes that these sustained operational gains coincide with the recent announcement by the NUPRC of increased crude oil production, exceeding the OPEC production quota.
“This indicates improved security around critical oil and gas infrastructure and the collective efforts of security agencies in fighting crude oil theft.
“Persistent naval presence across the Niger Delta waterways has denied economic saboteurs the freedom of action, disrupted illicit petroleum supply chains, and enhanced the integrity of critical oil and gas infrastructure,” he said.
The naval spokesperson reaffirmed the Navy’s commitment to safeguarding Nigeria’s maritime domain, protecting vital national assets, and enhancing oil production to support the Federal Government’s goal of reaching 2.5 million barrels per day by 2027.
He added that the service would continue to conduct intelligence-led operations and strengthen inter-agency cooperation to further degrade oil theft networks within the Nigerian maritime environment in line with the vision of the Chief of the Naval Staff, Vice Admiral Idi Abbas.






