All Posts in "Day: April 23, 2023"

NDPHC Pledges To Boost Electricity Access Through Youth Training

Mohammed Shosanya

Niger Delta Power Holding Company (NDPHC) is boosting electricity access in Nigeria through training young engineers to achieve its goals.

The company said the internship programme has produced many young graduates who passed through the process via rigorous trainings.

Funke Nwankwo, GM, Chairman Committee on Engineering Graduate Internship,said the company has produced seasoned engineering professionals through the programme.

She said: “We want all these graduates to go to these plants and have first-hand interactions with the power plants including the workings of the power plants with the modus operandi of how electricity is generated.

“That is why one of our speakers took them through the process of how electricity is being generated and this is what they are going to learn by the time they are done with this internship programme, they will be ready to hit the market running.”

Besides,Engr. Steve Muyiwa, Technical Adviser to the Managing Director on Transmission,said that,”NDPHC is trying to do is to create an unprecedented scenario where we take young engineers from across all the geo-political zones of our country after some rigorous trainings and the objective is to do an internship programme which will expose them to the engineering environment of the company.

“If you look at the power sector today in Nigeria, talking about capacity of engineers, we have a lot of competent people and the issue of the power sector is not about competency of people managing power sector, but is more to do with infrastructure and funding of the sector”

admin by — April 23, 2023 in Power 0
Lagos To Demolish Three Buildings In Banana Island

Musbau Babatunde

Lagos State Governor, Babajide Sanwo-Olu, has ordered the demolition of three two-storey buildings on the Island.

The development was sequel to the collapse of seven-storey building in the area penultimate week.

He gave the order on Saturday during an inspection tour of the construction sites in and around Banana Island, stressing that “the demolition of a two-storey building at 310 Close is because it is an illegal structure without approval.”

Besides,at 306 Close, Governor Sanwo-Olu ordered the removal of two-storey buildings adjacent to each other,adding that “They were being constructed under the power lines and water.”

He said: “We are at the site of the last unfortunate building collapse in Banana Island, Lagos and am sure you have all gone round and seen the site. Like it has been reported before now, there has been a lot of investigations that is going on right now and you can see that they are still clearing the rubbles at the site.

“We have given an order to stop work, not only at this site but also in all of the construction sites in Banana Island.I think that the exercise we are doing today is not really just about this location. You have all seen the extent of what I will call unapproved extension into the water, at the back of each of the land that is abutting water.”

He blamed some federal agencies for the extension of buildings into the waterways.

He said: “You can see that the original line for Banana Island is even not where we are. It’s way in front there and you can see that there are several extensions that have been granted by both the Federal Ministry of Works and Housing and National Inland Waterways Authority (NIWAR). These are the two federal agencies that have been culpable for those extensions.”

He added that the extensions have been done without the knowledge of the Lagos State government.

admin by — April 23, 2023 in News 0
Chevron Moves Nigeria’s Oilfield Leases To 2042,Considers Increased Investments On Short Term Projects

Mohammed Shosanya

Chevron has announced the extension of its Usan and Agbami oilfield leases in Nigeria to 2042

The company also increasing its investment emphasis on short-cycle projects,according to its 2022 Annual Report.

Chevron operates the Agbami oilfield, which is a subsea development. Agbami lies 113 km off the coast of the central Niger Delta region and spans 182 square km. The oilfield was discovered in 1998 and is at a water depth of approximately 4,800 feet. Chevron has a 67.3% interest in the field.

It explained that the extension of the leases until 2042 would provide Chevron with long-term access to these assets.

Besides,the company’s increased investment emphasis on short-cycle projects means that it may be shifting its focus towards projects that have shorter lead times and quicker returns on investment.

The company explained that the development could reflect a strategic shift towards more agile operations and a focus on profitability in the prevailing market environment.

The company added that the extension of deep-water licenses in Nigeria and the Republic of Congo contributed 36 million barrels to the company’s African asset base.

According to the report,about 27% of Chevron’s net oil-equivalent production in 2022 occurred in OPEC+ member countries like Nigeria, Angola, Equatorial Guinea, Kazakhstan, the Partitioned Zone between Saudi Arabia and Kuwait as well as the Republic of Congo.

Chevron disclosed that about $0.5 billion was expended on various offshore development and natural gas projects in Nigeria, Angola, and the Republic of Congo.

The company also stated that some changes in operating assumptions reduced estimated undeveloped reserves, and 31 million barrels of oil equivalent (BOE) in Nigeria due to lower expected offtake of natural gas relative to contracted volumes.

Chevron further noted that approximately 167 million BOE have remained undeveloped for five years or more, primarily due to facility constraints at various fields and infrastructure associated with the Escravos gas projects in Nigeria. A part of the annual report stated:

It added:“Apart from acquisitions, the company’s ability to add proved reserves can be affected by events and circumstances that are outside the company’s control, such as delays in government permitting, partner approvals of development plans, changes in oil and gas prices, OPEC constraints, geopolitical uncertainties, and civil unrest. Supplemental Information on oil and gas producing activities.”

admin by — April 23, 2023 in Oil&Gas 0
Shell Wins 7th Award At Nigeria Energy Confab

Mohammed Shosanya

Shell Companies in Nigeria (SCiN) have clinched seventh award at the ongoing 6th Nigeria International Energy Summit (NIES).

The award for “Outstanding Commitment To Nigeria’s Decade Of Gas,” has been given by the Nigerian Gas Association in recognition of SCiN’s contributions to the realization of the Decade of Gas aspiration.

The companies had earlier won six other awards including “Upstream Company of the Year 2022;” “Best Offshore Oil & Gas Development Facilities Company;” “Best Exhibitor 2022;” “Best Gender Support Company in the Energy Space;” with the “African Oil & Gas Policy Advocate & Shaper of the Year” award going to Mr. Ed Ubong, Managing Director, Shell Nigeria Gas.

Receiving the 7th award, Mr. Osagie Okunbor, Country Chair, SCiN, and Managing Director, the Shell Petroleum Development Company of Nigeria Limited,accompanied by Mrs. Elohor Aiboni, the Managing Director, Shell Nigeria Exploration & Production Company), expressed his pleasure over the awards as they are a recognition of SCiN’s commitment to Nigeria’s energy-mix objectives.

He added:“We are immensely grateful for the recognition of Shell’s contributions to the Decade of Gas aspiration,” he said, “and we remain relentless in our bid to make significant contributions to the progress of the energy industry in Nigeria.

admin by — April 23, 2023 in Oil&Gas 0