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Elcrest Donates Relief Items To Gbetiokun Communities In Delta State

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Elcrest Donates Relief Items To Gbetiokun Communities In Delta State

Olushola Okunlade Writes

Elcrest Exploration and Production Nigeria Limited have donated various relief items to communities in Gbetiokun, Delta state, to ameliorate the effects of an oil spill from MT Harcourt (A mother vessel used by the JV to store produced crude oil before export) in Gbetiokun (OML 40) on behalf of itself and the Nigeria Petroleum Development Company (NPDC), Operator of the OML 40 JV.

According to the company, the donations, which were a combination of cash and materials, are part of its social citizenship covenant with host communities.

Speaking during the well-attended presentation, Mr. Ewoma Agba, Elcrest’s community relations coordinator, explained that the donation was consistent with the company’s corporate social responsibility commitment to positively impacting host communities and the environment. He said, “we have noticed with uttermost dismay the impact the spillage brought to Gbetiokun. The Joint Venture, being a reputable organization, is responsible and responsive to the plights of the community where it operates.”

Elcrest Donates Relief Items To Gbetiokun Communities In Delta State
Right-Left: Pa. Omagbitse Atsedagho – Elders Council member; Madam Joy Etsede – Rep of Women Leader; Ewoma Agba – Elcrest Community Relations Coordinator; Pst.Jonathan Akpata – Exco; Eniyan Henry Tonwe – Chairman Ureju Community; Pa.Emmanuel Duakpenmi – Secretary Council Of Elders; Elder Isaiah Eyione-Secretary General; Mr. Andrew Megbele – Leader; Mr. Amaju Orugboh – Treasurer; Mr. Billy Ebiyon-Exco; Mr. Tsoritse Friday – Youth Rep.

He expressed the company’s empathy for the communities’ plight knowing that the oil spill affected vegetation and surface water which are the major source of their livelihood. Mr. Agba charged the community to be resilient, and the leaders to ensure judicious distribution of the relief materials to those in dire need, adding that the JV would monitor the exercise.

Responding on behalf of the Berisibi community, Mr. Prince Stanley Ekwejunor-Etchie, public relations officer (PRO) of the Beresibi Community, appreciated Elcrest and the JV partners for alleviating the plights of the persons affected by the oil spill and called on other corporate bodies and well-meaning individuals to emulate the kind gesture by supporting the affected communities.

Similarly, Mr. Bemigho Ebosa, Eghoro Community’s public relations officer (PRO), lauded Elcrest’s representatives for ensuring the delivery of the materials and appealed to government at all levels, oil companies, and other relevant agencies to forestall a repeat of such occurrence which threatened the lives and economic mainstay of the community at the time it occurred.

Mr. Eniyan Henry Tonwe, Chairman of the Ureju community, while responding to the gesture, thanked the JV for the relief materials and assured him that the items will be properly distributed.

Energy

Savannah Energy Signs New Gas Sales Agreement with Notore Chemical Industries PLC

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Savannah Energy Signs New Gas Sales Agreement with Notore Chemical Industries PLC

By John Meze

Savannah Energy PLC, the British independent energy company focused on the delivery of Projects that Matter in Africa, has announced that the Company’s 80% indirectly owned subsidiary, Accugas Limited, has entered into a new gas sales agreement (“GSA”) with Notore Chemical Industries PLC (“Notore”).

Accugas will supply Notore with up to 10 MMscfpd of gas to augment its current supplies. The contracted supply is on an interruptible and reasonable endeavours basis, based on gas availability and nominations, for an initial term of one year, with the option to extend for a mutually agreed period. Notore’s fertilizer production plant is connected to the Accugas network via the Nigerian Gas Company pipeline from Ikot Abasi and no further tie-in or capital expenditure is required by Accugas to deliver gas to Notore.

Notore Chemical Industries PLC, formerly Notore Chemical Industries Ltd, is a Nigeria-based integrated agro-allied, chemicals and infrastructure company located in the Onne Oil and Gas Free Zone area of Rivers state in southern Nigeria. Notore’s primary business is the production of urea, ammonia, and NPK blend fertilisers and sale to the Nigerian and international markets. Notore’s facility has a production capacity of 1,500 metric tons (MT) per day of urea and 1,000 MT/day of ammonia.

Andrew Knott, CEO of Savannah Energy, said: “I am pleased to welcome Notore as a new gas customer to Accugas, representing our tenth customer site in total (versus three at the time of our acquisition of the Accugas business in 2019). We look forward to developing our working relationship with Notore over the course of the coming months and years.

Savannah Energy PLC is an AIM-quoted British independent energy company focused on the delivery of Projects that Matter in Africa and is active in Cameroon, Chad, Niger, and Nigeria.

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Bonny Light Energy Offshore Set To Supply 60m Litres Aviation Turbine Kerosene

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Bonny Light Energy Offshore Set To Supply 60m Litres Aviation Turbine Kerosene

By John Meze

In an effort to ameliorate the aviation fuel supply disruption to the aviation industry, Nigeria’s emerging indigenous oil and gas major, Bonny Light Energy  Offshore Limited, has agreed to the supply of 60,000,00 0 litres of Aviation Turbine Kerosene (ATK) in the next six months.

This projected supply aligns with the pressing need for an increased supply of the much-needed fuel to sustain flight operations for millions of travelers in the country.

Speaking on this commitment, Mr. Toyin Banjo, Chief Executive Officer, Bonny Light Energy, and Offshore Limited, stated that the company’s response aligns with the company’s desire to salvage the Nigerian aviation sector from the daunting effects of the fuel shortage that is ravaging the global airline industry.

“The aviation industry is one of the most energy-intense sectors in the global economy regarding its consumption metrics. Unfortunately, as the industry began recovering from the COVID-19 pandemic-inspired slump in the global aviation sector, external pressures such as the Russia-Ukraine war have driven a sudden hike in fuel prices worldwide, which has resulted in a shortage of aviation fuels, thereby leading to this national aviation crisis.

“This is where our contributions come in. We are aware that Nigeria must build on its reputation of having a stable aviation industry, especially as it is the economic hub of Africa. However, as we have seen in recent times, global constraints can plunge our local aviation sector into a supply crisis despite Nigeria’s oil-rich status.

“As a responsible organisation with an understanding of the intricacies of international energy supply dynamics underpinned by our local knowledge of the Nigerian aviation space, we are committing a total of 60,000,000 litres of aviation turbine kerosene (ATK) monthly over the next six months.

“All things being equal, we are envisaging a supply of 60,000,000 litres of ATK, by the end of the year. We strongly believe that this corporate action will positively affect the supply crisis in Nigeria’s aviation industry and provide much-needed relief in the already strained sector.

“We, however, understand the complexities of the global aviation industry, as well as the existence of numerous factors which may impede the fulfillment of our projection. Some of these constraints include the paucity of foreign exchange, poor competitive currency lines by banks to support importers and marketing companies, and high logistics costs for transshipment or trans-loading of time-critical products.

“Despite these factors, we will continue in our strides, having supplied the market with similar volumes in the last quarter, ensuring that the projected volumes are achieved as an enduring solution to this supply gap in our aviation industry, especially in the imminent Ember Months and the electioneering season,” he further stated.

Bonny Light Energy and Offshore Ltd is an emerging corporation in Nigeria’s indigenous exploration, production, pipeline transportation, strategic storage, and marketing of petroleum products.

Over the years, the company has built expertise in the upstream, downstream, and midstream sectors of the oil and gas industry in Nigeria. It trades in both crude and refined petroleum products, which include Motor Fuels (Gasoline), Industrial Oils (AGO/Gasoil, Baseoil LPG) Aviation Fuels (ATK), Lubricants, and other various specialist oils (Bitumen).
 As a leading integrated Nigerian oil and gas exploration and production company, Bonny Light Energy augments a wide range of energy needs in the economy’s upstream, midstream, and downstream sectors – markets refined petroleum products and provides jetty services.

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Energy

Seplat Energy’s MPNU Ministerial Approval Stands, No Withdrawal

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Seplat Energy grows 2021 full-year gross profit by 128.9% to N114.2bn

Olushola Okunlade Writes

Seplat Energy has officially responded to some false reports that the Ministerial Approval of the Company’s proposed acquisition of the entire share capital of Mobil Producing Nigeria Unlimited (“MPNU”) has been withdrawn.

The company deemed it fit to state categorically that the ministerial appointment stands and there was no withdrawal of any kind at all.

Seplat Energy Plc become aware of a news report claiming that Ministerial Approval of the Company’s proposed acquisition of the entire share capital of Mobil Producing Nigeria Unlimited (“MPNU”) has been withdrawn on Thursday 11 August 2022.

Seplat Energy has received no official notification of such a decision and is seeking clarification from the relevant authorities.

“We will continue to work with all parties to achieve a successful outcome for the proposed acquisition and will provide an update in due course” the company assured.

This announcement is made pursuant to Rule 17.10 of the Rulebook of the Nigerian Exchange, 2015 (Issuer’s Rule).

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