Skip to main content

NNPC destroys 134 Illegal Refineries Recently

A destroyed refinery  By Favour Ifeoluwa & Akinola Ajibade  The Nigerian National Petroleum Company Limited( NNPCL) says it has destroyed 134 illegal refineries in the last few weeks.  Also, the company said  63 illegal pipeline connections were uncovered during the the weeks .  The corporation, In a visual report, stated that at about 2 am on Sunday, a joint team of security agents discovered a large wooden boat illicitly loading stolen crude oil from Barge AGS01 within the OML 18 operating area, noted intelligence report a large wooden wooden boat was caught receiving crude oil from the barge.  According to the state-owned oil firm, while the barge was towed away with a tugboat in custody, five speedboats used in towing the large wooden boat to the illegal loading site were also detained and the particulars of the tugboats and barge used for the operation were reportedly seized for further investigation.  It further said that two large boats, which involve

Shell Assures Manufacturers, Others of Gas Supply

Gbobo


By Favour Ifeoluwa & Akinola Ajibade


Shall Gas Limited (SNG) will continue to collaborate with manufacturers and other stakeholders in the industry in order to find lasting solution to current challenges  facing the supply of domestic gas to them, its Managing Director, Mr. Ralph Gbobo, has said.

He said this during in Lagos during the  manufacturing equipment and raw material expo, organized by the Manufacturers Association of Nigeria( MAN) recently.

According to him, the company's commitment to provide manufacturing and industrial customers with clean, reliable, low-cost alternative to liquid fuel is strong, adding that the firm is ready to  assist in building a stronger Nigerian economy. 

He said:”Immediate implementation, at zero cost to government, of initiatives such as enforcing discipline and transparency in the gas transportation network operation, enforcing contractual terms across the gas value chain and implementing the Network Code, and enforcement of gas system balancing, are proposals that would provide the critical foundation for other (medium and long term) solutions.”

“Solutions that include upgrading existing transportation infrastructure, completing critical gas pipelines and network interconnectivity, promoting a willing-buyer/willing-seller marketplace, setting globally competitive fiscals for gas, and improving regulator efficiency and effectiveness,” he said.

While providing insights into Nigeria’s gas market, Gbobo said the market faces challenges that include limited processing and transportation infrastructure, inadequate measurement and control systems, non-implementation of the Petroleum Industry Act (PIA) & Network Code, lack of transparency in gas injections and offtake, and non-enforcement of gas system balancing.

He reaffirmed Shell’s commitment to Federal Government of Nigeria’s ‘Decade of Gas’ ambition to increase domestic gas consumption and boost gas-based industrialization; as well as to the full implementation of the Gas Transportation Network Code and the upcoming SNG Bypass Project, expected to come online in Q1 of 2024.

He emphasized that, “With gas, the industry is  driving industrialization, providing employment and improving internally generated revenues in the states where we operate.” 0

He noted that Shell Nigeria Gas Limited (SNG) has built and is operating extensive distribution network spanning over 150 kilometers, currently supplying gas to over 130 manufacturing and industrial customers in Abia, Ogun and Rivers States. The gas distribution infrastructure in Ogun State is underpinned by SNG’s strategic partnership with NNPC Gas Marketing Limited (NGML), which has enabled the establishment of a robust distribution network in the Agbara/Ota area,” he said.

He said, “Similar partnership with the Oyo State Government, for the acceleration of domestic gas infrastructure development to enable distribution of cleaner and more reliable energy to industries in the state, and another in Bayelsa State, involving an agreement with the Nigerian Content Development and Monitoring Board (NCDMB) to provide gas infrastructure to the NCDMB industrial gas park in Polaku, with estimated potential employment opportunities exceeding 30,000, are some of other deliberate decisions we have taken at Shell for Nigeria’s domestic gas market.”

At the Expo hosted by the MAN in Lagos, Shell Nigeria Gas received commendation from MAN leadership for its contributions to bridging the energy gap and supporting the ‘Decade of Gas’ ambition. The company was also recognized as the most innovative exhibitor at the

Comments

Popular posts from this blog

HAPPY 70 TO ELDER ADE ADEDAMOLA OGIDAN

PLATINUM BIRTHDAY ANNIVERSARY OF ELDER ADE ADEDAMOLA OGIDAN, A FOREMOST JOURNALIST & EDITOR By Favour Ifeoluwa & Akinola Ajibade Like a new born child, beaming with smiles for coming out of his mother's womb in order to live a fulfiled life, the celebrator,Ade Ogidan fits perfectly well into this category. Simply known as AAO, a shorten form of Ade Adedamola Ogidan, the thorough based journalist is without doubt, a  well grounded newsman.. With Bachelor of Science ( BSC) Degree in   Sociology and Anthropology( 1976 ) from University of Nigeria, Nsukka,  Ogidan has cut his teeth well in Journalism. Prior to this, he  taught in Osogbo Grammar School and worked at the Nigerian Communication respectively  after his youth service, a development, which no doubt prepared  him well for journalism profession and other future engagements. Pragmatic, resilient and outspoken, where it matters, Ogidan ensured  that his tenure as the first Chairman of Pineapple Estate, Ikorod

NNPC Completes Mechanical Rehabilitation of Port Harcourt Refinery Plant

By Favour Ifeoluwa & Akinola Ajibade The Nigerian National Petroleum Company (NNPC) Limited, says that it has mechanically completed the rehabilitation of Area 5 Plant of the Port Harcourt Refining Company (PHRC). The nation's oil company began rehabilitation of the refinery two years ago, while at the same time, promised to complete its by 31st December 2023. The Group Chief Executive Officer, NNPC Ltd., Mr. Mele Kyari, said as of December 15th, 2023, 84.4% of Area 5 Plant, a key component of the Refinery, and 77.4% of the entire rehabilitation project have been completed. “In our quest to ensure that this refinery is re-streamed to continue to deliver value to Nigerians, we made a promise that we will reach a mechanical completion of phase one of the rehabilitation project by the end of December and get the other plants running in 2024. Today, we have kept those commitments,” Kyari stated. The GCEO commended NNPC's staff and the EPCIC contractors for doing a g

Oil Block: Why Fed Govt Prioritises Production Bonus To Attract Local & Foreign Investors

Oil Blocks: Why FG Prioritizes Production Bonus to Attract Local and Foreign Investors By Ibrahim Musa The Federal Government has emphasized production bonus, which refers to the payment by an operator to a host country upon achievement of oil and gas production, as a strategy for attracting investors to bid for Nigeria’s oil blocks. Previously, the government relied on a high signature bonus, which refers to a single, non-recoverable lump sum payment made upfront by oil companies for their rights to develop oil blocks, as an option for maximizing revenue generation, thus discouraging investors with limited resources from bidding. Currently, the Nigerian Upstream Petroleum Regulatory Commission, NUPRC which regulates activities in the nation’s oil and gas industry, has removed all entry barriers to attract massive investments. This strategy aims at growing oil and gas production, enhancing Nigerian Content Development, attracting Foreign Direct Investment, contributing to l