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"Synergy, Commitment Are Key to Global Energy Sustainability, Says Bounour

By Favour Ifeoluwa & Akinola Ajibade  The Chief Executive Officer, Egbin Power Plc, Mr Mohktar Bounour says global transition to cleaner energ and sustainable environment are achievable, as long as there is strong synergy and commitment among stakeholders in the value chain.  He spoke during the maiden edition of  Asharami Square in Lagos. This is an initiative introduced and implemented by the Sahara Group, in order to amplify discourse on energy sustainability through  media advocacy globally. He said: " Having analyzed the percentage of global greenhouse emissions attributed to sectors including electricity/heat production, agriculture/forestry and transportation, we are realised that there is need for synergy  and renewed commitment among stakeholders". According to him, Egbin Power has unwavering commitment to reduce carbon emissions and promotes sustainable energy sources, stressing that the need to depeening engagement and advocacy among stakeholders in
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Fed Govt will end oil theft, if..........

 



Fed Govt will end oil theft, if..........

By Akinola Ajibade

The Federal Government will bring the menace of crude oil thefts and associated practices to end soon,  if all go according to plans. 
The government is set to achieve this goal through the  Nigerian Upstream Petroleum Regulatory Commission ( NUPRC).
Speaking during a stakeholders' forum in Abuja recently, the Commission's Chief Executive officer, Mr Gbenga Komolafe, said that the agency is in the process of upgrading and deploying the National Production Monitoring System ( NPMS)  facility, with a view to combat the activities of oil thieves and further block all the avenues through which the proceeds of the criminal  indulgence is going to.
According to him, the deployment of NPMS, which is an electronic system that is used to  monitor oil and gas production in Nigeria, would help in curbing such activities.
He said NUPRC, an agency of the Federation Government, which was set up to replace the Department of Petroleum Resources ( DPR) is collaborating with others relevant institutions in order to finally end oil thefts in the country.
He said that the idea would ensure accurate and reliable reporting of crude oil production, adding that the National Data Repository (NDR) within NUPRC would serve as the Data Warehouse for Nigeria's oil and gas industry.
Komolafe said: " The value of information (VOI) is for purpose of oil and gas investment decision.
For example, NDR facilitates data for bid rounds in line with the statutory mandates of the NUPRC under the Pertoluem Industry Act( PIA) to prospective investors, thus enabling informed investment decision and shortening upstream business lifecycles".
He said currently, the Technological Adaptation Unit within the Engineering and Standards Department engaged service providers on new technologies that can be implemented in the Nigerian Petroleum Industry.
" In addition, we have established more data related related initiatives in the NDR such as National Improved Oil Recovery Centre ( NIORC) focussed on utilising bid data in order to drive reduction in cost per barrel" he added.


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