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...
…Delivers 300mscf to South East, South-South Market By John Meze Total Energies Nigeria, while the country mulls over gas as part of the transition energy mix, has taken the gauntlet by providing about 300 million standard cubic feet(mscf), of gas to the South East and South-South regions of Nigeria. The French oil and gas giant, which recently rebranded from Total Nigeria limited to Total Energies due to what it described as its embracing of the current paradigm shift in the oil and gas industry which emphasizes energy transition, taking on Renewables as a source of energy globally, informed that it upgraded its Oil Mining Lease 58(OML58) as from 2012 to be able to achieve the feat. The global energy transition seeks to de-emphasize the use of fossil fuels which have been observed to impact the atmosphere negatively, leading to rising in temperature to over 2.0c otherwise known as global warming. The drive seeks a situation where the global temperature is kept at a rise between 1.5c and 2.0c, which, though, in the oil and gas industry is seen as far-reaching. Be that as it may, Mr. Victor Bandele, the Deputy Managing Director, Total Energies Deepwater, Exploration and Production (E&P), who represented the Managing Director, E&P, Mr. Mike Sangster, at the recently concluded Society of Petroleum Engineers’ Nigeria Annual Conference and Exhibition 2022 (SPE NAICE 2022) held in Lagos, stated that the company’s action was directed at ensuring that rather than continuing in flaring the gas which pollutes the environment and, also wasting the product which would have attracted a lot of revenue for the country locally and internationally, the company resolved to harvest, presently for local use, hence the supply of the product to the South East and South-South regions of the country. Mr. Bandele, who stressed that the current supply of the product to the two regions is a part of continuing exercise targeted at covering the whole country, added that the company is currently working on two oil and had fields, Ekiki and Am for the streaming of another 50, 000scf each for further distribution in the country. The works in the two fields, he said, would ensure low CAPEX and high profit which would bridge the gap in efficiency due to the fact that it would cut down on the number of years used in the production of both oil and gas from the field. However, Engineer Gbenga Komolafe, the Chief Executive Officer of the Nigerian Upstream Petroleum Regulation Commission (NUPRC), argued that fossil fuels would continue to remain at the core of the global energy mix even beyond the targeted 2050 for achieving net-zero, as set by most countries, stressed that meeting the short and medium term growing demand would need carrying out of further exploration and development drilling to optimize reservoir extraction, drilling into new targets and the employment of technological advances to optimize production yield for appropriate energy mix. He, said: “We at the Nigerian Upstream Petroleum Regulation Commission have steered our focus towards working with oil stakeholders to ensure business investments in the oil and gas sector are adequately protected. “ “We are striving to ensure that all bottlenecks associated with regulatory processes are eliminated or minimized to ensure seamless operations as well as gradually roll out the key policy initiatives necessitated by the PIA 2021.” Engineer Komolafe, however, averred that the...
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...
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...
By John Meze The Nigerian Liquefied Natural Gas Limited has refuted an online publication by a popular Nigerian daily newspaper which was titled, “HOW GOVT OFFICIALS...
Olushola Okunlade Writes Nigerian National Petroleum Company (NNPC) Limited has disclosed that the country loses about $2 billion monthly to the activities of oil vandals, with...
Olushola Okunlade Writes Efforts are underway to ensure speedy issuance of midstream and downstream petroleum regulations, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has...
MINISTERIAL CONSENT TO THE PROPOSED CASH ACQUISITION OF MOBIL PRODUCING NIGERIA UNLIMITED BY SEPLAT ENERGY Olushola Okunlade Writes Seplat Energy Plc, a leading Nigerian energy company...
…Seplat Energy at SPE NAICE 2022 delivered a Keynote that gave an insight into the energy transition conversation and Africa’s place Olushola Okunlade Writes Leading indigenous energy...
Olushola Okunlade Writes Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange has announced that it has...
