Connect with us


Shell set to upscale investments in deep water, renewable



Shell says it is working to extend the life of its Bonga Floating, Production, Storage, Offloading vessel by another 15 years.

This would enable the company to handle more production from Nigeria’s first deep-water development which came on stream in 2005.

The assurance was given in Lagos on Thursday by Managing Director, Shell Nigeria Exploration and Production Company Ltd., (SNEPCo), Ms Elohor Aiboni.

She was speaking at a panel discussion at the on-going 8th Sub-Saharan Africa International Petroleum, Exhibition and Conference (SAIPEC).

Aiboni said Bonga’s main life extension project came as the company explored opportunities in deep-water, gas and renewables in Nigeria where it pioneered oil and gas production in 1956, more than 60 years ago.

“Shell is committed to developing its robust portfolio in Nigeria.

“We are maturing numerous projects planned to come on stream in the short, medium, and long terms with the right fiscal and regulatory framework,” she assured.

She said Bonga produced Shell’s one billionth barrel of oil in 2023 and SNEPCo had stepped up efforts for additional volumes from existing assets with more to come on stream in 2024 and beyond.

“Other opportunities in deep-water include the Bonga North as well as Bonga South-West and Nnwa Doro projects on which SNEPCo is collaborating with the Nigerian government and partners to implement.

“Shell is also expanding its gas portfolio with both SNEPCo and the Shell Petroleum Development Company of Nigeria Ltd (SPDC) maturing several projects to deliver gas from their onshore and deep-water assets.

“Shell Nigeria Gas is currently serving more than 130 industrial and commercial customers, and looks to expand its distribution network to deliver over 1,000mw equivalent of energy to industrial parks and manufacturing companies,’’ she added.

Aiboni also told the conference that off-grid solutions were the quickest way to improve energy access in Nigeria’s remote communities.

“Shell’s investments in this area will provide millions of Nigerians access to reliable and sustainable electricity.

“Shell Nigeria is driving uptake in renewable energy through two companies – All On and Daystar Power Solutions.

“All On has facilitated more than 80,000 off-grid connections in the 36 states of Nigeria including the FCT, with nearly 200 underserved communities and 560 new businesses powered with clean energy.

“Daystar plans to increase its installed solar capacity to 400mw by 2025 to become one of Africa’s leading providers of solar power solutions for commercial and industrial businesses,’’ she said.

She stressed that over the years, Shell had proved to be a reliable partner in the development of Nigeria through its range of businesses and mainly the energy it produced.

“We will continue to look for innovative ways to reduce cost and drive efficiency in our business.

“We want to remain highly competitive and relevant in the oil and gas business and still stand tall in spite of challenges,’’ Aiboni said.

The conference was organised by the Petroleum Technology Association of Nigeria.


MEMAN, FRSC, NMDPRA unite to tackle truck accidents in Nigeria



By Abdulsalam Abdullah

The Major Oil Marketers Association, (MEMAN), Federal Road Safety Corps, (FRSC) and Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA) have convened to address the recent surge in truck accidents in 2024.

The meeting was aimed to find solutions to this pressing issue and improve road safety in the country.

In attendance was the Executive Secretary, Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN).

The meeting, which was aimed to address the alarming rise in truck accidents this year, yielded several key takeaways to improve truck safety on the roads.

MEMAN, in collaboration with FRSC and NMDPRA, has committed to implementing various measures to enhance truck safety.

These include mandatory annual training for drivers and biannual truck integrity evaluations at FRSC-approved centers, phasing out old trucks in favor of new ones with advanced safety features, and ensuring no trucks older than 15 years transport dangerous goods.

Additionally, the group planned to leverage technology by implementing on-board computers, tracking devices, and intelligent cameras to monitor and enhance road safety, with control centers established for 24/7 truck monitoring.

They will also identify and address critical road infrastructure issues, emphasise the importance of truck maintenance, and advocate for the reduction of truck sizes.

NMDPRA will update truck specifications, monitor compliance, and approve new safety technologies, while FRSC will enforce strict Safe-To-Load (STL) inspections and driver’s qualifications.

Regular campaigns will be conducted to promote safe driving culture and enhance driver welfare to protect both assets and lives.

Through this collaborative effort, MEMAN, FRSC, and NMDPRA are paving the way for safer roads and better transportation practices in Nigeria.

The commitment is a significant step towards reducing the number of accidents and ensuring the safety of lives and assets.

Continue Reading


Nigeria’s installed prepaid meters rate climbs to 44.39%



The total number of installed prepaid meters in the country currently reaches 5,842,726 out of 13,162,572 registered electricity customers, amounting to a paltry 44.39 percent.

According to data made available by Nigerian Electricity Regulatory Commission, NERC, revealed that in the fourth quarter of 2023, eleven Distribution Companies, DisCos, installed only 111,225 meters to customers across the country.

While Ikeja Disco has the highest percentage of installed prepaid meters which stands at 73 percent from its 898,000 customers; followed by Abuja Disco which has metered 61percent of its 856,000 registered customers.

Yola Disco has metered only 15 percent of its 124,000 customers, while Kaduna and Kano Discos have metered only 24 percent each from its 206,000 and 210,000 registered customers.

Meanwhile IBEDC, AEDC and EEDC installed the highest number of prepaid electricity meters in Q4 2023, while KEDC, YEDC and EEDC installed the least number of meters in the period under review.

Continue Reading


Nembe road project: NDDC, Shell partnership demonstrates power of collaboration — Alaibe



A former Managing Director of the Niger Delta Development Commission (NDDC), Chief Ndutimi Alaibe has commended the NDDC and Shell for the the completion and inauguration of the 25.7-kilometre Ogbia-Nembe Road.

Speaking during the inauguration ceremony of the N24.4 billion road with seven bridges, 53 culverts and 4 spurs, linking 14 communities, Alaibe said it was a good example of what could be achieved through collaboration of development agencies and transformative power of partnership.

Speaking further, he said the partnership between NDDC and Shell Petroleum Development Company (SPDC) has yielded tremendous results, showcasing the splendid synergy between the two organisations.

Alaibe canvassed for a more robust funding for the NDDC, stating that the Treasury Single Account, TSA, framework was a drawback to the expected rapid development of the Niger Delta region, stressing that policy posed unnecessary limitations for the interventionist agency.

He advocated the removal of the Commission from operating under the TSA framework on account of its mandate to fast-track the development of Nigeria’s oil-rich region.

Also speaking at the occasion, the former Governor of Bayelsa State and Senator representing Bayelsa West Senatorial District, Senator Henry Seriake Dickson, commended the NDDC, SPDC, and other partners, including the government of Bayelsa State on the successful completion of the Ogbia-Nembe Road and Bridges.

He said, “This achievement is a significant milestone for the Niger Delta region and a testament to the collaborative efforts of all involved.

“I am delighted to witness the inauguration of this vital infrastructure today. The Ogbia-Nembe Road and Bridges serve as a crucial link in the eastern part of Bayelsa State, benefiting 14 communities and enhancing connectivity in the region. It brings me great satisfaction to see this project come to fruition, especially considering the support it received during my tenure as the Governor of Bayelsa State.”

In his speech, the Governor of Bayelsa State, Senator Duoye Diri, represented by the Deputy Governor, Senator Lawrence Erujakpo, noted the contributions of the state to the realization of the project. He recalled that at some point, the project was stalled due to compensation issues, insecurity and lack of funds.

He stated, “The Bayelsa State government donated N3 billion for this project, which was instrumental in its continuation and completion. I want to thank the Nembe and other communities for their cooperation. I thank Shell, NDDC, and others. We are open to more collaborations with the NDDC for future projects. If we collaborate, the journey will be swift. While competition is healthy, collaboration, as demonstrated by the Bayelsa State government, is better.”

Top-ranking senators, led by Senate Committee Chairman on Niger Delta, Senator Asuquo Ekpeyong, graced the occasion and the leader of the delegation emphasised the need for  continuity in administration, citing Lagos State as an example of sustained development initiated by President Bola Ahmed Tinubu.

“If the NDDC continues from where they left off, they will lead the region and align with the 10th Senate. As you continue in the spirit of continuity, you will rise in the annals of time. I urge the IOCs to continue partnering with the NDDC to develop the region,” Senator Asuquo said.

“I give kudos to the board and management of NDDC and also commend the SPDC while calling on other IOCs to partner with this development commission and make the Niger Delta great again.”

In her goodwill message, the Chairman, House Committee on NDDC, Hon. Erhiatake Ibori-Suenu, applauded the NDDC and SPDC for their valuable collaboration, noting: “The foundation of community success and development often begins with a well-established road network, and the NDDC has undoubtedly excelled in this regard. I urge the NDDC to continue in implementing impactful projects that will further enhance economic activities and positively impact the lives of the people.”

Continue Reading