Connect with us

Business

TotalEnergies Targets Oil, Gas Industry Growth In 2024 … As NAOC Pledges Support

Published

1 year ago

on

TotalEnergies E&P Nigeria Limited has stated its resolve to revitalise the Nigerian oil and gas industry and grow local content.
The company’s Managing Director and Country Chair,  Mr. Matthieu Bouyer, disclosed this, last Thursday, when he led a delegation of the company to visit the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Eng. Felix Omatsola Ogbe, at the Abuja liaison office of the Board.
A statement from the Corporate Communications and Zonal Coordination Directorate of the NCDMB said Mr Bouyer reconfirmed that the company would take the final investment decision (FID) on the Ubeta gas project in 2024, while some other big projects would follow shortly.
The statement reads in part: “The purpose of the visit was to congratulate the Executive Secretary on his appointment and reassure him of Total Energies’ commitment to continue developing oil and gas projects that would deliver value for the country, deepen Nigerian Content, and yield returns to the company’s shareholders.
“Mr. Bouyer affirmed that the company has an outstanding track record in Nigeria and has developed key oil and gas projects in the last 10 years”.
Some of the projects, he explained, were in deepwater, as well as in shallow water, and they created Nigerian Content records, such as the fabrication of six modules of the Egina’s Floating Production Storage and Offloading (FPSO) vessel in Nigeria.
“The MD also confirmed that the company was determined to unlock new projects in Nigeria and solicited the continued cooperation of the NCDMB for accelerated Nigerian Content reviews and approvals.
“He noted that the Ubeta project, which is located at Oil Mining Lease (OML) 58, is an onshore project and is designed to contribute gas to the Nigeria Liquefied Natural Gas (NLNG) plant and meet other domestic gas supply needs”, it stated.
According to the Corporate Communications and Zonal Coordination Directorate of the NCDMB,  Mr Bouyer also noted that other projects on the horizon includes the Preowei deepwater project, which lies in OML 130, north of Egina Field, with water depth of around 5,904 feet.
The statement also added: “The Managing Director and Country Chair, Total energies E&P ltd. assured that the company would engage closely with the NCDMB to achieve speedy development of the project, increased crude oil production for the country and revenue”.
In his remarks, the Executive Secretary, NCDMB, Eng. Ogbe assured the TotalEnergies E&P team that the Board would fast-track the approvals needed by the company to deliver speedily on its oil and gas projects.
Referring to the Service Level Agreement (SLA) instituted by the Board with industry’s key stakeholders for shortening the contracting cycle, the NCDMB boss promised that the Board would strive to improve the turnaround time for its approvals on projects.
He further conveyed the commitment of the NCDMB to creating an enabling environment that would attract investments and new projects into the sector, thereby also creating employment opportunities for youths, and addressing insecurity in the polity in line with President Bola Tinubu administration’s “Renewed Hope Agenda”.

By: Ariwera Ibibo-Howells, Yenagoa

Related Topics:
Continue Reading

Business

NIMASA Commits To Creating Enabling Environment For Maritime Business 

Published

5 days ago

on

March 5, 2025

By

The Nigerian Maritime Administration and Safety Agency (NIMASA) has affirmed that it is taking strategic steps to enhance local participation and encourage investment in the maritime sector under the supervision of the Ministry of Marine and Blue Economy.
The Director General of NIMASA, Dr. Dayo Mobereola, who disclosed this recently while receiving the Executive Members of the Nigerian Merchant Navy Officers and Water Transport Senior Staff Association, reaffirmed the Agency’s  commitment to fostering a level playing field and creating an enabling environment for businesses in Nigeria’s maritime sector.
Dr. Mobereola revealed that NIMASA is deepening its collaboration with the Nigerian Content Development and Monitoring Board (NCDMB) to explore policies that will boost indigenous involvement and strengthen Nigeria’s maritime sector.
“The Honourable Minister of Marine and Blue Economy is committed to encouraging indigenous players to invest more in Nigeria’s maritime industry. Issues such as national carriers and trade terms remain top priorities under this administration.
“Our focus is to create an enabling environment where private investors can thrive. In this regard, we have initiated discussions with the NCDMB and NNPC Limited to address these critical matters”, he stated.
He said NIMASA remains committed to fostering strategic partnerships that will enhance local investment, create jobs, and drive sustainable growth in the maritime sector.
In response, Comrade John Aleakhue Okpono, Secretary General of the Merchant Navy Officers and Water Transport Senior Staff Association, emphasized the need for closer collaboration between NIMASA and the Merchant Navy.
He also urged the Agency to review waiver clauses to ensure more opportunities for Nigerian seafarers.
Stories by Nkpemenyie Mcdominic, Lagos
Continue Reading

Business

FG Inaugurates Special Committee Against Boat Accident 

Published

5 days ago

on

March 5, 2025

By

Towards enhancing safety on Nigeria’s inland waterways, the Federal Government, through the Minister of Marine and Blue Economy, Adegboyega Oyetola, has inaugurated a Special Committee on the Prevention of Boat Mishaps in Nigeria.
According to a statement on by the spokesman, National Inland Waterways Authority (NIWA), Suleiman Makama, the event, which was held at the Ministry’s Conference Room in Abuja, confirmed crucial steps taken to address the recurring challenges of boat accidents across the country.
In his address, the Honourable Minister emphasized the urgent need to stem the tide of tragic boat mishaps, which have resulted in significant loss of lives and properties.
He described the country’s waterways as vital to commerce, transportation, and livelihoods, stressing that their safety and efficiency are paramount to the development of Nigeria’s blue economy.
He noted that the establishment of this committee aligns with the 2024 International World Maritime Day theme, “Navigating the Future: Safety First”.
“The task before us is daunting, but with unwavering commitment, we can eliminate boat mishaps and ensure that our waterways remain safe, navigable, and prosperous for generations to come”, Oyetola stated.
The committee comprises key stakeholders, including state government representatives, the Association of Boat Operators in Nigeria, marine safety experts, and academics.
It will be chaired by the Managing Director of the National Inland Waterways Authority (NIWA), Mr. Bola Oyebamiji, while Mr. Adams Offie, Deputy Director of Inland Waterways at the Ministry, will serve as Secretary.
The committee is tasked with conducting an in-depth review of commercial boat operations in Nigeria, identifying the root causes of boat mishaps, and proposing sustainable solutions.
In his acceptance speech on behalf of the committee, Oyebamiji assured the Minister on the dedication of members to deliver on the assignment.
He emphasized that safety on Nigeria’s inland waterways is non-negotiable, adding that NIWA, under the leadership of the Honourable Minister, has been refocused to uphold its mandate without compromise.
Acknowledging the Honourable Minister of Marine and Blue Economy for his proactive leadership, Oyebamiji noted that the establishment of the committee represents a critical step in addressing the persistent safety challenges in inland water transport.
“This is another solution-driven initiative aimed at eliminating boat mishaps on our waterways. I assure you that the confidence reposed in this committee will not be misplaced.
“At NIWA, this is an opportunity for us to intensify our efforts in reducing marine accidents to the barest minimum. On behalf of my fellow committee members, we pledge to work diligently and with utmost focus on the assigned terms of reference.
“Safety on our inland waterways is non-negotiable. NIWA has been refocused to ensure the highest safety standards, and this committee will work diligently to address the causes of boat mishaps and find lasting solutions,” Oyebamiji said.
The committee has been tasked with evaluating the root causes of boat accidents and recommending lasting solutions to enhance safety and operational standards.
Continue Reading

Business

LASG Arrests Illegal Dredgers  … Issues Stop Work Order

Published

5 days ago

on

March 5, 2025

By

The Lagos State Government, through the Ministry of Waterfront Infrastructure Development, has launched a massive clampdown on illegal dredgers operating in the State, ordering them to stop work immediately.
This exercise, which was carried out by the officials of the Ministry of Waterfront Infrastructure Development, is aimed at curbing environmental degradation and promoting sustainable development across the waterfront schemes located across the coastal regions of the metropolis.
According to a statement, the enforcement operation, led by the Commissioner for Waterfront Infrastructure Development, Hon. Ekundayo Alebiosu, alongside members of his team, raided several illegal dredging sites which were subsequently shut down by the officials of the Ministry.
Some suspected dredging operators were arrested and a stop-work order was served on erring dredgers for non-compliance with laid-down regulations of the State Government.
Alebiosu warned the operators that failure to comply with extant laws guiding dredging activities could have dire effects and will result in severe penalties, including total closure of the sites.
Reacting to the claim that Dredgers are the major cause of environmental degradation in the state, including erosion and flooding, the Commissioner emphasised the need for dredging activities to be conducted lawfully to preserve roads, public infrastructure, and wetlands.
He explained that the State Government has vowed to streamline the activities of dredgers in the state to meet acceptable international standards.
“The Lagos State Government’s clampdown on illegal dredgers is a significant step towards protecting the environment and promoting sustainable development in the state.
“We will continue to carry out surveillance and raids across the coastal areas to ensure that the activities of a few don’t impact the lives of law-abiding citizens negatively”, Alebiosu stated.
Continue Reading

Trending