Oil & Energy
‘Indigenous Firms Must Flourish In Crude Oil Lifting’
The House of Representatives Adhoc Committee on Review of Pump Price of Petrol has expressed dissatisfaction with the allocation ceded to Master Energy Oil & Gas Ltd. in lifting of crude.
The Chairman of the Committee, Mr Raphael Igbokwe, made the remark on the sidelines of the committee’s visit to Master Energy Oil and Gas Ltd.
Igbokwe said that there was need to encourage indigenous companies to flourish, especially those that were listed in the lifting of crude.
He said the committee was looking into having more indigenous companies engaging in indirect sales and direct purchase with government rather than foreign companies.
“The committee is worried over fewer jobs given to indigenous operators because such operation does not give room for scale transfer which is a very strong policy stand of government and the parliament of Nigeria.
“We have to get clarification on some number of petrol (PMS) imports and the distribution of those products.
“We have seen from your records which you have produced which are majorly from your direct import and purchases.
“We are moving into the second stage of looking at your purchases from the government agencies; that is the PPMS and its subsidiaries.
“We will be looking at your throughput arrangement with those agencies and as well as strategic partnership with the view of straightening collaboration to ease supply and distribution of PMS in
the system.
“Hoping that at every material time that both parties will be living up to the terms of agreement,” Igbokwe said.
He said that the committee’s visit would be a continous engagement until ”the committee is able to tackle the issue relating to price template as it relates to Master Energy Oil and Gas Ltd operation in the system’’.
The committee’s chairman said that Nigerians were having challenges as the activities of government agencies in the downstream had not been able to bring enough petrol to wet the land.
He said that the volume of petrol coming into the country under the arrangement of direct import and purchase had not been coming into the country as and when due.
Igbokwe said that paramilitary investigation showed that quantity of petrol coming into the country was below the expected quantity.
He said that part of the committee’s visit was to find out the deficiencies, adding that marketers were diverting some Forex being released to them for something else rather than what they were specified for.
Igbokwe said that the committee would ensure that all the players in the supply chain of petrol from jetties, storage fees and others, add value to the value chain.
He said that the committee was also looking for ways to eradicate fuel scarcity in the country by removing inefficiency in the operations.
In his response, Mr Vincent Ajala, Vice Chairman/Group Chief Executive, Master Energy Group, urged the committee to investigate the issue of Nigerians not able to have petrol at the right time.
Ajala said that inaccessibility of foreign exchange was affecting the operation of oil and gas companies.
He said that oil and gas marketers had to pay for some service which was meant to be paid in naira in dollars.
Researchers in Hong Kong and China have developed a new form of battery that is more eco-friendly and longer lasting than lithium ion batteries – and it runs on tofu brine. The new water battery is still in research phases, but if the technology proves to be scalable enough to hit commercial markets, it could be a game-changer for the energy and tech sectors.
“Compared with current aqueous battery systems … our system delivers exceptional long-term cycling stability and environmental friendliness under neutral conditions,” the research team, composed of scientists from the City University of Hong Kong and Southern University of Science and Technology in Shenzhen, Guangdong, said in a paper published this month in Nature Communications.
The researchers found that their battery model can be recharged over 120,000 times. “At over a hundred thousand cycles, this could mean a single water-based battery could last at least a decade or so,” states a recent report on the breakthrough from Interesting Engineering. “For applications like grid storage (solar farms, wind balancing), that’s extremely valuable,” the article went on to say.
This kind of lifespan would represent a drastic improvement over the battery technologies that dominate today’s market. Lithium-ion batteries degrade after between 1,000 and 3,000 charge cycles. This could prove revolutionary, as finding an alternative to lithium-ion batteries to power rechargeable devices is a major priority for Big Tech and the global energy sector.
Moreover, these tofu-brine batteries could prove safer and more environmentally friendly than lithium-ion batteries. According to the study authors, the full cells are environmentally benign and nontoxic and can be directly discarded to environments according to various standards.” Water based (also called aqueous) batteries can also potentially be cheap to produce as they rely on ingredients that are less rare in addition to being less hazardous.
Lithium is environmentally harmful to extract, prone to fires, and its supply chains are geopolitically fraught. Currently, China alone controls half of the global lithium market, and is rapidly increasing its stake. In 2024, more than eight in ten battery cells on the planet were made in China. This means that finding a battery model that can compete with lithium-ion batteries in applications like grid-scale energy storage and electric vehicles would have revolutionary implications for global markets.
Researchers around the world have been racing to develop battery models that could diversify the market and make it more competitive and resilient. These models range widely in size, components, and application, with models currently under development for next-gen sodium-ion batteries, quantum batteries, nuclear batteries, and even sand and dirt batteries.
Of course, the irony is that the leading alternatives to lithium-ion batteries are also being developed in Chinese labs. If this new tofu-brine battery proves scalable and applicable outside of a laboratory environment, it could just be another step toward Beijing’s goal of near-total domination of clean energy technology value chains and status as the world’s first and premiere ‘electro-state.’
China’s extreme advantage in global battery making gives it a major point of leverage in global economies as the world continues to electrify at a rapid pace. It is estimated that European demand for lithium in batteries will reach kilo tonnes (thousands of tonnes) of Lithium Carbonate Equivalent by next year, and North American demand will reach 250 kit LCE. it’s all but certain that the vast majority of that demand will be supplied by China.
Other nations are aware of the risk of this dependency, and are taking pains to protect and promote domestic battery manufacturing, but these efforts may be too little, too late. “For globally competitive battery manufacturing industries to emerge outside of Asia over the next ten years, companies will need to do far more than ensure regulatory compliance,” summarizes a McKinsey & Company report released in January. “Challenges will need to be overcome on multiple fronts spanning supply chains, talent management, operations and technology.”
By: Haley Zaremba
The Rural Electrification Agency (REA) says it will spend N100 billion in 2026 to deploy hybrid mini-grids for government agencies within and outside Abuja.
The Managing Directors, REA, Abba Aliyu, disclosed this while addressing newsmen on the sidelines of the 2026 budget defence session
The approved funds form part of the National Public Sector Solarisation programme, a component of the agency’s broader N170 billion budget proposal for 2026.
The initiative is designed to improve electricity reliability for public institutions while reducing operational costs and easing pressure on the national grid.
Aliyu explained that the agency’s total proposed budget for 2026 stands at N170 billion, with N100 billion of the amount dedicated specifically to the solarisation initiative targeting government agencies.
He said the hybrid mini-grid systems combine solar power with complementary energy sources to ensure an uninterrupted electricity supply.
“The total budget size for 2026 operations is N170 billion, out of which N100 billion had been approved for National Public Sector Solarisation.
Aliyu cited the National Hospital in Abuja as an example where similar infrastructure had been deployed to ensure stable power and cut operational expenses.He added that beyond the Solarisation
Recall that earlier in February 2026, REA signed a Memorandum of Understanding with the Economic Community of West African States (ECOWAS) to deploy solar power systems to 15 public institutions across Nigeria.
The project will be implemented under the Regional Off-Grid Electricity Access Project (ROGEAP), a World Bank-supported initiative aimed at expanding off-grid electricity access across West Africa and the Sahel.
ECOWAS will provide a $700,000 grant to fund the installation of solar photovoltaic systems in selected rural health centres and schools in the Federal Capital Territory, Niger, and Nasarawa States.
Oil & Energy
PIA: TotalEnergies Transfers OLO Oilfield HCDT Obligation To Aradel ……Says HCDT Enabled Completion of 100 Projects In 2 years
In his remarks, the Community Affairs Manager, Aradel Holdings Plc, Blessyn Okpowo, affirmed the company’s commitment to honouring all PIA obligations and continuing Total Energies’ community engagement approach.“We want to say that in line with the PIA, we will honour commitments and duties required of the settlor and we want to work very smoothly with the way TotalEnergies has worked with them,” he stated.
He recognised the Commission’s role in approving the Community Development Plan (CDP) before project start, underscoring regulatory excellence.The parties noted that between 2023 and 2025, the trust has enabled the completion of more than 100 community projects, spanning water supply, electricity, road infrastructure, education, and healthcare with a further 40 projects currently ongoing.