Energy
Nigeria to achieve Carbon- Neutrality by 2025
By Joseph BAMIDELE
LONDON: Nigeria’s Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke has appealed to the Global Community and the developed World to invest in the development of the burgeoning African energy economy so as to ensure a win-win scenario for the continent and the rest of the globe.
Speaking at a Special lecture titled: The Future of African Energy in a Changing World, delivered at St. Anthony’s College, University of Oxford, United Kingdom, over the weekend, the Minister stated that unlike in the past when Africa was a ready example of a pitiable basket case, the continent has emerged a potent destination for investments in oil and gas.
Celebrating the rising profile of African energy in the global energy matrix, Mrs. Alison-Madueke stated that the recent flurry of offshore and onshore oil and gas discoveries across the continent has placed Africa on the front burner of the global energy map.
The Petroleum Minister argued that while it may make economic and geo-strategic sense for a nation to meet its energy needs from domestic sources instead of imports, it may not make so much sense from the perspective of the broad-based global development necessary to ensure the global stability.
“We believe that global stability comes from the balancing of regional interests.
To achieve optimal development for the African energy sector, the support and partnership of the industrialized world is critical. This would not only be in the interest of Africa, but also in the enlightened self-interest of the global community as a whole. We see a win-win outcome when industrialized nations source their energy needs from African nations.’’
She added that this would enable the wealthy nations satisfy their energy needs while at the same time generating for Africa, the vital export revenue that will make the continent less dependent on foreign developmental aid.
“ Investing in Africa’s growth opportunities is undeniably a much better model for providing long-term solutions to Africa’s developmental challenges than the grant of charitable aid,’’ She said.
Establishing a strong correlation between Africa’s development and drive to attaining global security, the Minister noted that the economic stability of Africa is a key factor in global security.
She argued that when Africa is ravaged by socio-economic instability, the rest of the world is less safe stating that no nation of the world, no matter how far away from Africa, is genuinely at peace with itself because the reality of our globalized world is that no nation is too far way to be impacted by upheavals in other regions of the world.
The Minister emphasized that the more Africa’s economy develops and African States earn export revenue that will lift their people from poverty, disease, illiteracy and other socio-economic depredations that have held Africa back, the less likely that Africa will provide the breeding ground for terrorism and other forms of violent civil unrest.
The Minister listed the investment opportunities on offer in the continent to include: upstream drilling and related services, pipeline engineering and construction, engineering and construction of oil and gas processing facilities,logistics and related support services, technical training and general human resources development, gas utilization for value added purposes such as fertilizer, power generation, petrochemicals to mention but a few.
“The world must have learned by now that Africa’s issues cannot be treated as side issues but must be placed front and centre in dialogue about the future of our planet. African energy has a role to play in the global energy market, but it can only play that role if the global community empowers it to play it,’’ she said.
On the threat posed to the Africa Energy market with the embrace of shale oil and gas by the US and China, Mrs. Alison-Madueke described the threat as potent and called on the Continent to rise up to the challenge.
Commenting on gas flaring and environmental pollution, the Minister stated that the country has begun the implementation of mitigation strategies that will over time compensate for years of carbon emissions adding that Nigeria aspires to achieve carbon neutrality by 2025 at the latest.
This aspiration is already being realized with gas flares now at a significantly reduced level relative to previous levels. By 2010 it was down to 30 percent and now it’s down to 11 percent and would be down to two percent by 2020 and beyond, ’’ she enthused.
The Shell Nigeria Exploration and Production Company Limited (SNEPCo) has completed the turnaround maintenance on the Bonga Floating Production, Storage and Offloading (FPSO) vessel, leading to resumption of production at Nigeria’s premier deepwater field on March 6, 2026.
Biztellers reports that the project was delivered 11 days ahead of schedule and without any safety incident, reinforcing SNEPCo’s longstanding commitment to operational excellence and asset integrity.
“Completing the turnaround safely and ahead of schedule is a testament to the dedication and professionalism of our Nigerian workforce and the helpful support of our partners,” SNEPCo Managing Director Ronald Adams said. “The achievement not only secures the long‑term integrity of the Bonga FPSO but also positions us strongly for the successful delivery of the Bonga North project, which will leverage the improved reliability of the FPSO.”
The exercise which began on February 1, 2026, highlights SNEPCo’s leading role in advancing deep‑water expertise in Nigeria. Of the 55 companies involved in the execution, 43 were wholly Nigerian. Additionally, eight of the 12 international service providers maintain operational bases in Nigeria, contributing to knowledge transfer and increased local investments.
More than 1,000 personnel worked offshore during the turnaround, with over 95% being Nigerians involved in maintenance, engineering, operations, inspection and construction. Thousands more supported activities from onshore locations, reflecting the depth of Nigerian capability in offshore oil and gas operations.
Adams added: “We acknowledge the support of several stakeholders towards the successful execution of the exercise, including the NNPC Upstream Investment Management Services (NUIMS), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian Content Development and Monitoring Board (NCDMB) and our partners.”
Modupe Asudo
Sahara Group, a leading global energy and infrastructure conglomerate, has commissioned MT Asharami Ghana, a 40,000‑cubic‑metre Liquefied Petroleum Gas (LPG) carrier, expanding its fleet capacity, while strengthening Ghana’s clean energy supply chain and LPG distribution network.
The dual‑fuel vessel improves operational efficiency, enhances supply reliability, and supports lower‑emission LPG logistics as consumption grows across Ghana and the wider sub‑region.
Ghanaian President Mahama and Sahara Executive Directors
Speaking at the commissioning in Ulsan, South Korea, President John Dramani Mahama described the vessel as “a significant milestone in strengthening the infrastructure that underpins the global LPG supply chain,” noting that expanded shipping capacity is critical to improving supply security, reliability and efficiency for countries that rely partly on LPG imports.
He commended Sahara Group, WAGL Energy and all partners involved for their “leadership, technical expertise and strategic foresight,” adding that the project reflects “the power of partnership” in advancing safe, efficient, and responsible energy distribution.
President Mahama wished the MT Asharami Ghana safe sails, expressing confidence that the vessel would inspire further investment and collaboration across Africa’s energy value chain.
According to Wale Ajibade, Executive Director, Sahara Group, the vessel supports Ghana’s clean energy ambitions through integrated infrastructure.
“MT Asharami Ghana is more than a vessel; it is part of a deliberate strategy to strengthen LPG supply security and support Ghana’s clean energy ambitions. It secures an additional 25,000-Metric-tonne stock security for the Ghana economy, alongside the soon to be commissioned 6000-metric-tonee of 12.000-metric-tonne land storage in Tema,” he said.
With the addition of Asharami Ghana, Sahara Group’s LPG carrier fleet now comprises six delivered vessels with a combined capacity of 202,000 cubic metres. Supported by partnerships with WAGL Energy, NNPC Limited and other stakeholders, an additional 270,000 cubic metres of capacity is under construction and due for delivery by September 2028.
Temitope Shonubi, Executive Director, Sahara Group, said Asharami Ghana is part of Sahara’s integrated LPG infrastructure strategy spanning shipping, storage, and downstream distribution globally, including the development of a 12,000‑metric‑tonne land‑based LPG storage terminal in Tema, with a 6,000‑metric‑tonne first phase scheduled for completion in May 2026.
He thanked Yaa Serwaa Alifo, MD of Asharami Ghana, for her resilience and insistence to dedicate a ship of “this magnitude solely to the Ghana Market and its landlocked neighbours.”
Ghana is targeting LPG adoption of 50 per cent of households by 2030, up from about 30 per cent today. Sahara’s investments will support clean energy access for more than 35 million people, while strengthening Ghana’s role in regional LPG trade to neighbouring and landlocked West African markets.
The commissioning comes in Sahara Group’s 30th anniversary year, guided by the Sahara Beyond XXX milestone, underscoring Sahara’s focus on building an enduring enterprise that delivers responsible growth, shared prosperity and long‑term impact across its markets.
Nigeria’s crude oil production dropped to 1.31 million barrels per day in February, even as local refineries continue to grapple with inadequate domestic crude supply needed to sustain operations.
The development shows that Nigeria again failed to meet its crude oil production quota of 1.5 million barrels per day approved by the Organisation of the Petroleum Exporting Countries (OPEC), as output declined sharply in February 2026.
Data from OPEC’s latest Monthly Oil Market Report, based on direct communication from member countries, showed that Nigeria produced 1.314 million barrels per day in February, down from 1.459 mbpd recorded in January.
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The figures indicate a month-on-month decline of 146,000 barrels per day, widening the country’s shortfall from its OPEC production allocation.
Nigeria’s inability to meet its OPEC production quota is not only affecting its oil export earnings but also adversely impacting domestic refineries that are starved of feedstock for their operations.
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