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Our Sustainability Drive Is Aggressive, Unwavering – Seplat Energy COO

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Seplat Energy Strongly Committed To Sustainability, Energy Transition - COO

Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, has reaffirmed its aggressive and unwavering commitment to sustainability and energy transition.

The company explained that its ability to maintain the lead in the Nigerian gas sector is hinged on a strong ESG (Environment, Social, and Governance) framework, which has provided the strong foundation for Seplat Energy’s gas business and its decarbonisation projects.

Mr. Samson Ezugworie, Chief Operations Officer, Seplat Energy, said this at the Society of Petroleum Engineers (SPE) Oloibiri Lecture Series and Energy Forum 2023, held at the PTDF Tower Abuja, themed: Effective Gas Resources Utilisation: A Lever for Enhanced Energy Security and Achieving Net-Zero Emission Goals in Nigeria.

Speaking during the Energy Forum Discussion Session, Mr. Ezugworie, who represented Mr. Roger Brown, Chief Executive Officer, Seplat Energy, noted that Seplat Energy has been leading in domestic gas supply in the country, with about 300scf/d, translating to about 30 per cent of Nigeria’s gas-to-power supply. He reiterated the company’s commitment to energy transition, energy security and sustainability, noting that Seplat Energy’s CSR programmes had grown over the years with immeasurable impacts on the people.

He also confirmed that at Seplat Energy, “we have a very aggressive program to eliminate flares by 2024, through a combination of solutions. We have created a New Energy Directorate, with a mandate to look into the power and the entire energy transition value chain.”

He said the company’s primary commitment is to reduce its GHG emissions resulting from direct operations, adding that Seplat Energy have established a broad set of investment activities designed to reduce emissions from its operated facilities and offset residual emissions.

Seplat Energy Strongly Committed To Sustainability, Energy Transition - COO

Mr. Samson Ezugworie, Chief Operations Officer, Seplat Energy.

Seplat Energy’s Flares Out project, which forms part of our commitment to achieving Net Zero by 2050, is on schedule to reach the target of ending routine flares by the end of 2024. In 2022, improvements in performance of the AG compressor in Oben and Amukpe, alongside regular asset integrity checks and other facility improvement activities, were effective and AG flare volume was reduced by 18.2% at Oben (5.7 MMscfd against 6.97 MMscfd in 2021) and by 39.9% at Amukpe (1.1 MMscfd against 1.83 MMscfd in 2021).

The Seplat boss added: “Our diesel replacement programme seeks to increase the use of gas, a less carbon intensive fuel for power generation and where feasible, solar power is also being considered. We are piloting solar at our Amukpe warehouse to power equipment on site and plan to power the security outposts located around our operations using solar energy in 2023.”

The company has committed $11.5 million in 2023 towards projects that will end routine flares in our operations, including $10.8million towards installing gas compression facilities at the flow stations in Amukpe, Oben and Sapele, and $0.7 million towards incineration at the Amukpe flow station.

Upon completion of these projects, Seplat Energy expect to improve its gas handling capacity and reduce flares by approximately 30 MMscfd in 2023 and 20 MMscfd in 2024, which will in turn monetise flare gas in line with its corporate strategy and the national flare gas commercialisation initiative.

In addition, Seplat Energy has committed $1 million towards planting trees across Nigeria as part of afforestation efforts that will capture residual emissions. Its focus in 2023 will be on mobilising community stakeholders and completing land acquisition to enable the commencement of tree planting in Imo, Edo and Abuja.

Attendees to the event include Mr. Mele Kyari, Group Chief Executive, NNPC Limited as well as representatives from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), oil companies, oil servicing firms, and a host of other Nigerian energy industry players.

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Shell Announces Executive Committee Change

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Shell Lifts Force Majeure On 250,000bpd Bonny Export Terminal, Rises Hope For Nigeria

Rashidat Okunlade Writes

Ronan Cassidy, Shell plc’s Chief Human Resources and Corporate Officer, will step down with effect from 31 December 2023, and leave Group service thereafter.

Rachel Solway, currently Executive Vice President, Human Resources Organisation Development & Learning, will succeed Ronan with effect from 1 January 2024 and will be based in London.

Shell CEO Wael Sawan said: “I’d like to thank Ronan for his 35 years of distinguished service to Shell. In his eight years on the Executive Committee, Ronan has helped steer us through transformational change and several exceptional events, including the Covid-19 pandemic, with wisdom, integrity, and foresight. He has championed employee engagement, ethical leadership diversity, equity, and inclusion, and will leave having helped change Shell for the better.

“Rachel will bring a deep commitment to performance culture, and great energy and care for people, to this role. As we deliver more value with fewer emissions in the coming years, through a focus on performance, discipline, and simplification, Rachel will help us collectively realise Shell’s full potential.”

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NLNG Visits President Tinubu To Deepen Collaboration, Ease Of Doing Business

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NLNG Visits President Tinubu To Deepen Collaboration, Ease Of Doing Business

The Board of Directors and Management of Nigeria LNG Limited paid a courtesy visit to the President of the Federal Republic of Nigeria, His Excellency, President Bola Ahmed Tinubu, at the Presidential Villa in Abuja.

During the visit, Chairman, NLNG Board, HRM King Edmund Daukoru, CON, expressed profound gratitude to President Tinubu for his unwavering support in bolstering Nigeria’s position in the global energy landscape. He acknowledged the crucial role NLNG has played in Nigeria’s economy, noting the need for government support in resolving some challenges the Company is presently facing.

Speaking at the visit, the MD/CEO of Nigeria LNG Limited, Dr. Philip Mshelbila, stated that since inception, NLNG has contributed enormous revenue to the government through dividends and taxes, noting that the FIRS declared the Company as the largest tax-paying Company in 2022.

Mshelbila also emphasised that NLNG’s Domestic LPG (DLPG) Scheme has guaranteed LPG supply, availability, and affordability and has also stimulated the development of different parts of the DLPG value chain in Nigeria, with 100% of produced LPG volumes from NLNG dedicated to the domestic market, supplying about 40% of Nigeria’s domestic LPG demand.

He stressed that challenges around pipeline vandalisation have constrained NLNG’s production with consequent loss of revenue to the government. Besides, multiple taxation from various government agencies and the Finance Act, which is being amended yearly, distorts corporate planning and puts business on the back foot, stifling investor confidence and investment opportunities in the sector.

President Tinubu, in his response, thanked NLNG for the visit and commended NLNG for its steadfast commitment to excellence and immense contributions to the GDP, acknowledging the critical role the Company plays in Nigeria’s economy.

Tinubu affirmed the importance of Gas not just as a transition fuel but also as the fuel for the future, assuring that the Gas Sector would get priority attention in this administration. He assured the Board that all encumbrances to the progress and development of Nigeria’s industrial citizens as well as any further impediment to the business practice in the oil and gas sector would be swiftly removed.

President Tinubu emphasised that for the oil and gas industry to thrive, all stakeholders in the value chain, especially the host communities, need to be engaged and carried along to enable the government to build confidence and trust. He urged the Board and Management of NLNG to continue to collaborate with the government to ensure that issues can be resolved quickly and efficiently while reiterating his administration’s commitment to ensuring that businesses thrive to generate economic prosperity and sustainable development.

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NLNG Plant Is Not Shut Down, Report Is False And Misleading

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Rashidat Okunlade Writes

The Nigeria Liquefied Natural Gas Limited (NLNG) has stated that the operation at its plant on Bonny Island is ongoing, despite a Force Majeure that is still in effect.

It said that the Force Majeure, caused by the unavailability of major liquids evacuation pipelines, was due to acts of sabotage and vandalism and had not halted the overall operations of the company.

The company’s attention was drawn to a report on 17th August 2023 titled “NLNG prolonged shutdown threatens gas production,” published in one of the national newspapers.

NLNG General Manager, External Relations and Sustainable Development, Mr Andy Odeh, disclosed this in a statement on Friday 18 August 2023.

“Nigeria LNG Limited (NLNG) states that the report is false and misleading.”

“NLNG reiterates that operation at its plant on Bonny Island is still active despite a Force Majeure, which still subsists due to the unavailability of upstream gas suppliers’ major liquids evacuation pipelines occasioned by sabotage and vandalism.

“The plant continues to produce LNG and LPG commensurate to the feed gas it receives from its upstream gas suppliers. Its cargo loading operation also continues without interruption. The latest cargo from the Bonny plant sailed on 17th August 2023 to the St. Croix, U.S. Virgin Islands, carrying 140,000 M3 of LNG.

“NLNG remains committed to collaborating with key stakeholders to minimise the impact of the consequent gas supply shortage.

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