Business
BREAKING: Why Dangote Refinery Must Not Go Down – Hundeyin
Fiery Nigerian investigative journalist, David Hundeyin has explained why every right thinking West African must back the Dangote Petroleum and Refinery project.
He made the clarification on his verified handle on micro-blogging site, X, on Monday morning.
ALSO READ: Hundeyin Leaks America’s, Europe’s Masterplan Against Dangote Refinery, African Economy
In an apparent reaction to comments on his post declining to do a hatchet job for American and European interests to pull down the refinery, he queried the patriotism and intelligence of people nurturing such thoughts.
Hundeyin wrote, “Why would this guy reject an inducement to discredit Dangote Refinery with his pen when he has been a regular critic of Dangote, and he has even criticised the Refinery before?”
“This question betrays a severe lack of depth and an inability to deal with even the slightest complexity where the real world is concerned. Some people think real life is like football where you pick a “team” to support through winning and losing.
“In these minds, offering strident criticism of Dangote means that I have picked the “anti-Dangote” side, like I’m now supporting Chelsea, so I’m supposed to do nothing other than take the opposite side to Dangote on every issue because dealing with economics and geopolitics is like supporting a football team.
“Very dumb!
“First of all, my criticism of Dangote Refinery has always been about the timing of its delivery and the politics that made them “commission” it in May 2023, nearly 2 years before it was due to be fully operational. That was, and remains an entirely valid criticism.
“Every other criticism I offered revolved around concerns of monopoly business practises and potentially turning Nigeria’s energy market into a monopoly – which is also a very valid concern. Ideally, one entity should not control the energy market for 200 million people.
“However where the choice presented is between a potential domestic energy monopoly and the imposition of eternal energy poverty and import dependence by foreign actors, which side do you think I’m going to pick? You think I’m going to campaign for the continued poverty of my continent for the benefit of some rich white guy, simply because I don’t like Dangote?
“Furthermore, you think as an educated person, I would EVER want a $20bn project – the largest single investment ever made in West Africa – to fail? What do some of you think this is? Manchester United vs Manchester City?
“How did some of you even grow up and survive into adulthood without the ability to separate issues, assign priority and think in a straight line? More importantly, are you planning to breed?🤔 I hope not. We don’t need more idiots on this continent. Lord knows we have too many already.”
Business
Adoption of AI Feature as NIPetGE Pays Courtesy Call at NNPC Ltd
Enhanced adoption of artificial intelligence and other digital technologies to improve operations in Nigeria’s oil and gas industry is taking the centre stage in relevant circles.
The issue came up strongly when the President-elect of the Nigerian Institute of Petroleum and Gas Engineers NIPetGE, Prisca Kanebi, paid a courtesy call at the Nigerian National Petroleum Company Limited (NNPC Ltd), Abuja.
Biztellers reports that the Kanebi led delegation was received by the Group Chief Executive Officer of the NNPC Ltd, Bayo Ojulari, represented by the Executive Vice President, Gas, Power and New Energy, Olalekan Ogunleye.
According to a statement made available on Sunday, discussions at the meeting focused on the future of Nigeria’s hydrocarbon industry amid global energy transition concerns, technological changes and sustainability targets.
ALSO READ: NNPC Ltd, IOCs Raise Crude Supply to Local Refineries by 103% in 4 Months
The statement indicated that the NNPC Ltd acknowledged the role of NIPetGE in policy advocacy, technical development and innovation within the sector.
Speaking during the meeting, Kanebi highlighted recommendations from the institute’s recent conference, including the proposed establishment of a national centre for intelligent energy systems to support the deployment of artificial intelligence, the Internet of Things and robotics across the petroleum value chain.
She also commended the Federal Government’s decarbonisation efforts and reiterated the institute’s support for policies aimed at improving sustainability in the industry.
The institute also recommended the creation of a hydrocarbon-linked emissions trading system to allow Nigeria to take part in global carbon markets.
The institute also proposed fiscal incentives to support local manufacturing and service delivery in the oil and gas sector, as well as the expansion of the Energy Transition Plan to include measurable upstream decarbonisation targets backed by tax credits.
Other proposals included increased public-private partnerships in emission control infrastructure, carbon capture projects and hybrid renewable energy initiatives.
Both organisations also stressed the need for stronger collaboration between industry and academic institutions to improve professional capacity and align petroleum engineering practice in Nigeria with international standards.
The institute further disclosed that its bill seeking chartered status had passed second reading and was progressing towards a third hearing at the National Assembly.
It added that NNPC Ltd pledged support for future collaborations with the institute on initiatives aimed at improving efficiency and innovation in the energy sector.
Business
FHC Orders NUPRC to Comply with PIA
Business
Local Firms Lead Revival of Idle Oil Wells – SPE
Nigeria’s indigenous oil and gas companies are reopening dormant wells and ramping up production from assets acquired from international oil companies (IOCs) to boost crude oil output.
The Society of Petroleum Engineers (SPE), Nigeria Council, made the assertion through its Chairman, Francis Nwaochie, on the sideline of the Offshore Technology Conference (OTC) which ended at the weekend in Houston, Texas.
Nwaochie said indigenous operators were already taking advantage of opportunities created by disruptions in the global energy market to increase production from existing assets.
According to him, local firms that recently acquired onshore and shallow water assets from IOCs were aggressively reviving inactive wells and maximizing available infrastructure to raise output levels.
“What we are seeing now is that indigenous companies are reopening wells from the assets they acquired from the IOCs. Some of them have almost doubled production from those existing assets,”.
He explained that the renewed focus on dormant wells and existing facilities had become critical at a time the global oil market was facing supply shortages triggered by geopolitical tensions in the Middle East.
The SPE Nigeria Council Chairman noted that Africa, particularly Nigeria, was well positioned to benefit from the supply gap because of the continent’s relative stability compared to some other oil-producing regions.
“There is a huge opportunity for Africa right now. The focus is gradually shifting to Africa because of the volatile environment in many other producing regions.”
He stated that indigenous operators were leveraging digital technologies, financing opportunities and local expertise to improve production efficiency and optimise existing fields.
He added that stronger implementation of local content policies was also helping to create a more stable operating environment for oil and gas investments.
“Local content is very critical. Once communities and local companies clearly understand their roles and benefits, then you create peace across the industry. Business only thrives in peaceful environments.”
ALSO READ: Nigerian Navy Recovers Large Cache of Illegal Refined Petroleum Products
Nwaochie also stressed the need for Nigeria to move beyond crude oil production and begin developing indigenous technologies for the energy industry.
According to him, SPE Nigeria Council was actively supporting innovation and technology development among young Nigerian engineers and researchers.
He disclosed that the association was engaging the National Universities Commission(NUC) on reforms to engineering curricula in universities to better prepare graduates for the future of the energy industry.
“One of our major focuses in SPE is technology development. We should not only import machines and equipment, we must begin to develop our own technologies locally.”
Nwaochie revealed that SPE was already supporting local innovators working on technologies such as remotely operated underwater vehicles (ROVs), noting that indigenous technology development will strengthen Nigeria’s economy and deepen local participation in the oil and gas sector.
“We may not get everything right immediately but we must start somewhere. That is how countries that dominate the global energy industry built their capacities.”






425604 809805This Los angeles Weight Loss diet happens to be an low and flexible going on a diet application meant for typically trying to drop the weight as properly within the have a much healthier lifetime. lose weight 425397
421736 128150This style is steller! You certainly know how to maintain a reader amused. Between your wit and your videos, I was almost moved to start my own weblog (effectively, almostHaHa!) Fantastic job. I genuinely enjoyed what you had to say, and far more than that, how you presented it. Too cool! 840993
513000 78705Im glad to become a visitor in this pure web site, regards for this rare information! 641150
668389 34716Hi. Cool article. Theres an concern with your site in firefox, and you might want to check this The browser is the market chief and a excellent section of folks will pass over your excellent writing because of this dilemma. 463605