Business
Dangote Cement Restores Electricity To Ogun Host Communities
. . . As Ibese Plant Donates Electrical Materials To Resolve Outage
In the spirit of good neighbourliness, Dangote Cement Plc, Ibese has donated multi-million Naira worth of electrical items to some neighbouring communities around its operation in Ibese, in Yewa North Local Government, Ogun State, to enable the communities reconnect to the national grid and have their power supply restored.
The management of Dangote Cement Plc donated the electrical materials to close out the lingering power outage in the affected communities which have been in darkness for some months due to unhealthy High-Tension Lines on their distribution network.
Meanwhile, the Ogun State House of Assembly has commended the Cement factory, for rising to the occasion and delivering the electrical materials needed to restore power to the affected communities; thus fulfilling its promises after being notified of the plight of the communities.
Items donated by the Ibese Plant management led by the Plant’s Head of Social Performance, Ademola Ojolowo, included 1,200 metres of Aluminium conductor steel-reinforced cable (ACSR), 20 High Tension (HT) Poles, 40 pieces of Pot insulator, and 10 pairs of tie straps.
The items were presented to the communities at the constituency office of Hon. Adegoke Adeyanju Awoso, Ogun State House of Assembly member representing Yewa North State Constituency 1.
The handover was witnessed by various stakeholder groups across the 10 benefitting communities and the officials of the Ibadan Electricity Distribution Company (IBEDC).
Ojolowo explained that the decision to intervene was borne out of genuine care for the people and the desire to help mitigate negative impact of the outage on socio-economic activities of the people. He reiterated the company’s commitment to the sustainable development of its host communities and continued collaboration on initiatives geared towards the general well-being of the people.
In his response, Hon. Adegoke Adeyanju, who spoke on behalf of the benefitting communities, expressed delight with the donation of the electrical items and urged the IBEDC officials to ensure that the installation was carried without further delay. He commended the Management of DCP for coming to the aid of the communities at this critical period, and promised to continue to work for promotion of peace and tranquillity in the communities for the greater good of his people.
The joy on the faces of the people on sighting the electrical items was palpable as it rekindled their hope of enjoying power supply going forward especially during the forthcoming Yuletide season.
Reacting to the development on the floor of the Ogun State House of Assembly, the Speaker, Hon. Kunle Oluomo commended the management of Dangote Cement Plc for being sensitive to the plight of the people in its host communities, saying the House was very proud of the foremost cement company.
The Speaker made the commendation, while responding to the presentation of Hon. Adeyanju, who enjoined the Management of the company to continue in the spirit of good neighbourliness, and assured that the House would be on the same page with the company to ensure that peace reigns supreme in the host communities.
Earlier Hon. Adeyanju had informed the Assembly on the need to appreciate the cement giant for fulfilling its promise towards contributing to re-energise the communities that had been thrown into darkness following the damage caused by truck drivers to electrical installations in the area.
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.”





