Energy
FG Commissions Gas Leak Detection Device, Printed Circuit Board Facility
The Federal Government through the Nigerian Content Development and Monitoring Board (NCDMB) on Thursday marked a breakthrough in the research and development landscape of the Nigerian oil and gas industry with the commissioning of Amal Technologies Gas Leak Detection Device and Printed Circuit Board Manufacturing Facility at Idu, Abuja.
The Corporate Communications Department of the NCDMB made the disclosure in a statement circulated electronically on Thursday.
According to the statement, the commissioning was performed by the Minister of Solid Minerals, Dele Aleke, the Minister of State for Youth Development, Ayodele Olawande and the Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe.
Biztellers reports that the project was initiated by Amal Technologies Ltd, while the NCDMB backed it with financial and institutional support, under the leadership of the immediate past Executive Secretary, Engr. Simbi Kesiye Wabote.
Engr. Wabote spearheaded the Research and Development roadmap as a key element of Nigerian Content development in the oil and gas industry.
Minister of State for Petroleum Resources, Senator Heineken Lokpobiri described the commissioning as a significant landmark in Nigeria’s quest to promote a research culture through the nurturing of innovation-driven startup companies, adding that it represents a breakthrough in local manufacturing of electronic circuitry and devices.
Represented by the Director Upstream in the Ministry of Petroleum Resources, Engr. Kamoru Busari, the Minister noted that Amal Technologies was one of the proposals that have benefited from the NCDMB’s Research and Innovation intervention.
He indicated that the innovation adopted the Internet of Things (IOT) technology to introduce into the market a device that generates a short message system (SMS) and calls on the phones of homeowners in the event of a gas leak.
The facility equally has the capability for Printed Circuit Board (PCB) manufacturing, he added.
He expressed the view that the deployment of the gas leak detection device provided a significant safety tool that will accelerate the adoption of gas as a preferred source of energy for homes, transportation, and industry.
He further pointed out that the job creation potential of Amal Technologies is critical to the creation of a circular economy and aligns with Mr. President’s 8-point agenda for economic recovery.
In his keynote address, Engr. Ogbe stated that the smart gas leak detector research was just a proposal submitted to the Board in 2018.
He said, “the idea was nurtured through the NCDMB incubation process hosted in the Board’s Technology Innovation and Incubation Center (TIIC).
He affirmed that “the recurring menace of gas leaks and explosions leading to heavy losses in human lives, property damage, and pollution of the environment is the problem statement that the device seeks to address.”
According to the ES, Nigeria’s development priorities were trending towards gas-based industrialization with an exponential increase in gas utilization, hence it had become compelling to deploy safety and preventive tools such as the Amal smart gas leak detection to ensure the safety of lives and properties as citizens embrace gas usage.
Dwelling on PCB Manufacturing, the NCDMB’s new boss mentioned that electronics accounted for the largest online spending in Nigeria in 2022 and the Amal technology facility will provide the springboard for the replacement of imported PCBs with locally produced PCBs, in line with the Board’s vision to be the catalyst for the industrialization of the Nigerian economy and its linkage sectors.
“The facility will also generate employment opportunities, pay due taxes, and provide a critical platform for instrumentation and electronics-related Research and development,” he said.
On why the Board invested in Amal Technologies, he explained that NCDMB had developed a strategic roadmap and focussed on the establishment of dedicated funds to support Research, the inauguration of the Nigerian Content Research Council & Technical Advisory Board, and the establishment of Research centers of Excellence among others.
The need to focus on research commercialization, he added, is amplified in the NCDMB Technology Innovation and Incubation policy, which created the TIIC inside the Nigerian Content Towers Yenagoa.
The Chief Executive Officer of Amal Technologies, Shehu Tijani Abdullahi recalled how he secured the Board’s support for the project without having any prior relationship with any member of the agency’s management.
He averred that, “the NCDMB is not about having connections or knowing someone at the top. It is about a team of people that are dedicated to the success and progress of local content in Nigeria. Their firmness and dedication to local content continue to give me hope for the country of Nigeria.”
He noted that Amal Technologies had in three years, secured two patents and disrupted traditional approaches to research and development, expressing hope that with the full support of NCDMB, the company would make lasting contributions to various sectors of the economy, including oil and gas, power, agriculture, and beyond.
Beyond producing the Gas Detection device, the chief executive confirmed that the “facility has the capacity to produce over two million Advanced Smart Electric Meters— a significant contribution to the federal government’s National Mass Metering Program (NMMP). This initiative aligns with the company’s commitment to address the current challenges in electrical metering in Nigeria and supporting the government’s efforts to ensure a reliable and efficient power supply.”
He also stated that the facility holds immense potential for other sectors, including automobile manufacturing, medical advancements, telecommunications, agriculture, and more.
In his comments, the Director, Monitoring and Evaluation at the NCDMB, Abdulmalik Halilu remarked that the Board subjected the innovation to detailed regulatory processes and proof-of-concept checks before deciding to take equity in the project.
He mentioned that the business case showed that the facility had the potential to create over 400 jobs, from the conception to production stages and its annual turnover prospects is about N9.3bn. He confirmed that the project’s structure is sustainable and consistent, hinting that the Board soon would be unveiling similar innovations that it had incubated.
Energy
Dangote Partnership: MRS Urges Nigerians To Insist On N935/Litre Petrol Price Nationwide
MRS Oil Nigeria Plc, a prominent player in the Nigerian downstream oil industry, has implemented a new petrol price of N935 per litre across all its retail service stations nationwide.
The company has also called on Nigerians to monitor and report any outlets that fail to adhere to the new price structure.
Biztellers reports that this is consequent upon an announcement by the President of Dangote Industries Limited, Aliko Dangote, that the Dangote Petroleum Refinery has partnered with MRS Oil and Gas to offer petrol at N935 per litre at retail outlets, following a reduction in the ex-depot price from N970 to N899.50 per litre.
ALSO READ: Dangote Slashes PMS Price To N899.50k
It was gathered that MRS Oil Nigeria Plc has instructed all its outlets to implement the new price immediately, setting up a digital platform and monitoring team to ensure full compliance.
In a statement on Monday night, the company declared, “Petrol is now being sold at N935 at MRS Filling Stations nationwide. If you find any station not following this price, please report it. Call 08009447853 or email: NG-FMKPMGWHISTLEBLOWING@NG.KPMG.COM”
Emphasising the eco-friendly nature of its products, MRS Oil added, “We call on all petrol station owners to join MRS Oil Nigeria Plc in improving the supply chain of our beloved country, ensuring product quality and availability in every corner of Nigeria for the benefit of all Nigerians.”
In Lagos, commuters were seen queuing at MRS filling stations to purchase petrol, with many expressing their gratitude to the Dangote Petroleum Refinery and MRS Oil and Gas, urging other marketers to support the indigenous refinery rather than import off-spec products into the country.
A commuter at the MRS station at Alapere on the Lagos Ibadan Express way, Ibukun Phillips, could not hide her joy as her husband filled up their car.
“I am very happy today. This is a victory for Nigeria,” she said. “The price reduction is the best gift of the season. But beyond just the reduction, we are buying standard, eco-friendly petrol at a lower rate. My husband and I have decided we will only be using MRS from now on because we are confident in the quality of the product and supporting the economy.”
A commercial bus driver, Adio Ajibade described the price reduction as a great relief, especially during the festive season.
“The reduction is a great relief. It will reduce transportation costs and benefit Nigerians. God will continue to bless Alhaji Aliko Dangote,” he said.
A public affairs analyst and university lecturer, Dr. Tunde Akanni, said the collaboration between Dangote Petroleum Refinery and MRS Oil represents a significant step towards improving the affordability, quality, and sustainability of petroleum products in Nigeria.
According to Dr. Akanni, “this move will not only help ease the financial burden on Nigerians but also promote a more environmentally conscious approach to fuel consumption, benefitting both the economy and public health in the long term.”
Energy
FDI: Shell To Invest Billions Of Dollars On Nigeria’s Bonga North Oil Field
As a direct implication of the Federal Government’s Foreign Direct Investment drive, the Royal Dutch Shell has completed the final investment decision on the deep offshore Bonga North project in Nigeria.
Biztellers reports that the Bonga North will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility which Shell operates with a 55% interest.
Shell’s Integrated Gas and Upstream Director, Zoë Yujnovich, said, “This is another significant investment, which will help us to maintain stable liquids production from our advantaged Upstream portfolio”.
ALSO READ: OGUNCCIMA Commends Dangote Refinery’s Impact
It was gathered that the Bonga North project involves drilling, completing, and starting up 16 wells (8 production and 8 water injection wells), modifications to the existing Bonga Main FPSO and the installation of new subsea hardware tied back to the FPSO.
The company is optimistic that the project will sustain oil and gas production at the Bonga facility.
The Bonga North currently has an estimated recoverable resource volume of more than 300 million barrels of oil equivalent (boe) and will reach a peak production of 110,000 barrels of oil a day, with first oil anticipated by the end of the decade.
In addition, the Bonga North will help ensure Shell’s leading Integrated Gas and Upstream business continues to drive cash generation into the next decade.
Energy
Chevron Nigeria Bags ‘Energy Company Of The Year For Environmental Sustainability And CSR
Chevron Nigeria Limited (CNL), has received an award as “Energy company of the year (2024)” for its Environmental Sustainability and Corporate Responsibility accomplishments.
The award presented by the Nigerian News Direct newspaper, on Friday December 6, 2024, and was received by Manager Communications, Chevron Nigeria and Mid-Africa Business Unit, Victor Anyaegbudike, at a colourful event at the Grand Ballroom of the Oriental Hotel, Lagos.
ALSO READ: Stakeholders Hail NCDMB As Local Content Level Hits 56%
The organizers of the award noted that Chevron has implemented the “Protecting People and the Environment” policy, which aims at preventing injuries, illnesses, and environmental incidents. They also referenced that the company has achieved 97% gas flaring reduction in its operations in Nigeria, while implementing waste management and environmental conservation programs.
According to the media organization, Chevron Nigeria has also invested millions of dollars in community development programs, supporting education, health and economic development initiatives that have benefited thousands of people, while ensuring diversity, inclusion, and employee engagement in its business operations.
Receiving the award from the Lagos State Commissioner for Information and Strategy, Gbenga Omotosho, Anyaegbudike thanked the organizers for the honour, and reiterated Chevron’s commitment to continue to develop, affordable, reliable and ever-cleaner energy that enables human progress around the world.