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Oil & Energy

Energy Conservation: Lessons For Posterity

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Kozo community, a
coastal habitation in Bodo, Gokana Local Government Area of Rivers State, once hosted over four thousand persons that earned their livelihood, predominantly from the natural treasures of the area.
The teeming inhabitants of the community were mostly fishermen and women who eased out their daily existence on the natural ambience of the area which satisfied their craving for game and stalking for survival.
This was indeed their most cherished possession and inheritance.
Today, the once thriving rural economy and communal living are almost extinct. The barest shred of human existence in the coastal settlement  is gone. The inhabitants have been rendered homeless and have migrated out of their abode in search of alternative means of livelihood.
No thanks to reckless oil exploration and exportation in the area which have brought colossal damage to the natural environment and left the displaced inhabitants in a state of misery.
A visit to Kozo community recently revealed the extent of devastation of the natural environment. There was visibly no sign of life but desolation. The sprawling cracks where the fishermen launched their daily expedition was laden with thick layers of crude oil. The mangrove reserve that harboured the sea shell food was completely burnt off.
A former inhabitant of  Kozo community, Peter  Ledisi, who now lives in Bodo Town, in Gokana Local Government Area, of Rivers State told The Tide correspondent that he was born in Kozo community and grew up in the area until the sad experience of oil polution displaced his family.
Ledisi, who is 35 years old said his parents took care of him and his siblings through the proceeds of fishing but today life has become so difficult for the family as their means of livelihood is destroyed.
“That place you see (Kozo community) used to be our home for the past decades, we grew up there and pursued life with happiness, we were contented with what nature provided for us through fishing, every growing child enjoyed fishing there because it provided fun for us and filled our desire and passion for game and we also made money from it. Today, we have been displaced out of our home by oil pollution. Life is so difficult for us”, he lamented.
Another displaced inhabitant of  Kozo community, Miss Tornubari Sakpugi disclosed that life has become very unbearable for her as a result of the environmental pollution of their natural home.
Sakpugi, a fish seller, said her business has collapsed as her customers can no longer go on their fishing expedition due to the pollution of the rivers.
“I used to buy fish in higher quality from fishermen and sell. The business helped me a lot and I was able to provide for my needs, but today, things are very  hard for me. It is a terrible experience for you to move out of a place where you earn a living without any alternative means of livelihood, we want the polluted area to be cleaned so that we can return home. They are talking about UNEP report, but we are not seeing a development, the damage is too much, we are suffering”, she declared.
The story of  Kozo community is similar to that of other oil bearing communities in the Niger Delta. These communities suffer wanton depletion of their natural resources through oil spillages and gas flaring. The land, plants, animals and marine life are badly impacted through the resultant pollution, making life meaningless for the inhabitants of the affected areas.
Fishermen at some major water fronts in Port Harcourt also have similar story to tell.
Iyalla, a fisherman who resides at Ibadan water front in Port Harcourt told The Tide correspondent during a visit to the area that fishing business is no longer lucrative compared to the past.
Asked the reason for the decline in the business, he said the rivers have been contaminated with spilled crude oil from bunkering.
According to Mr Iyalla, years back, fishermen did not have to go to the deep sea before they were rewarded with good catch.
But today, he said they have to paddle through hard and wander up sea amidst wreckages of boats and badges and sometimes return home with little or no catch. He explained that illegal refining of crude oil and bunkering activities smear the rivers with wasted crude, making bloated dead fishes to float on top of  the rivers. He added that; “ the fishes that we catch these days are tasteless because of  the polution of the rivers”.
Experts have however identified this ugly trend as an indication of the total cost of aquatic life which is the hallmark of coastal habitation.
A  Chemical Engineer, Dr Ujile Uwajiogak  said the burning of our natural reserves, especially through the “cooking of crude oil” put the life of the present generation and that of posterity at risk.
Speaking in an interview with The Tide, the Associate Professor of Chemical Engineering at the Rivers State University disclosed that it takes over 50 years for a polluted site to regain its lost reserves. Using the experience of the Civil war as an example, the university teacher said, the bombing  of oil facilities in the Niger Delta during the war left in its wake devastating effects on the creeks and coastal channels of the region.
He said after 50 years of the war, nothing  has grown in the impacted sites and the flourishing mangrove forest is replaced by palm that has no economic value.
“The indulgence of criminal elements in the cooking of crude oil is very destructive to our ecosystem and also has health implications. Research has shown that illegal bunkering will increase cancer in the region. What is the sense in taking a few components of the product and wasting the rest on aquatic life? Our environment was preserved and bequeathed to us by our forebears, but today we are destroying it, uninitiated to the wonders and possibilities of western technology, they lived longer and happier than the present generation, the average life span of a Niger Delta person today is 50 years, this is indeed pathetic”.
In the views of an Environmental Sociologist, Dr Steve Wodu, human insensitivity to the protection of his natural environment has worsened problems of environmental degradation. To him, some of man’s actions towards his environment are tampered insanely on ignorance or deliberate obstinacy billed to ruin existence. “Otherwise what will be the rationale behind indiscriminate burning of natural energy reserves or bad sanitation habits such as littering of wastes and lack of care of the natural surrounding,” he asked rhetorically.
Dr Wodu, postulated that a new era of prosperity can only blossom when we begin to treat our environment with the same sanctity with which we treat our very life.
In his view, the Director of the Institute of Conflict and Gender Studies, University of Port Harcourt , Prof  Fidelis.
Allen, said a blighted environment portrays the nakedness of our civilisation and turns man’s dream into despair. Prof Allen, who is an environmental crusader, called for a more holistic approach towards the restoration and preservation of the natural environment.
According to him, only through such holistic approach and sound environmental awareness campaign can the ethical violation of environmental rights be curtailed and sustainable environmental growth attained.
To achieve a better objective in environmental management, he said, “the exploitation of resources, the direction of  investment, the orientation of technological development and institutional change should be in harmony to enhance both present and future potentials to meet human needs and aspiration”.
He called on multinational companies operating in the Niger Delta region to carry out their activities with a sense of social responsibility by adopting international best practices and save the Niger Delta environment from destruction.
He described the Ogoni clean-up exercise as critical to the eventual remediation of other impacted sites in Niger Delta communitees  and called on all affected stakeholders to expedite action to make the clean up exercise a success.
Also,  a group known as the Ogoni Youth Federation frowned against what it considers the deliberate delay in the implementation of the United Nations Environmental Programme (UNEP) Report in Ogoni land. National Coordinator of the group, Comrade Legborsi Yaamabana, who spoke with The Tide in an interview blamed Shell, for the non implementation of the UNEP report, stating that the company was rather concerned about resumption of oil exploration activities in Ogoni  than the restoration of the despoiled Ogoni environment.
Comrade Yaamabana called on Shell to provide potable drinking water in Ogoni land and carry out medical programme in the area to save the people from various strange ailments associated with environmental pollution.
Comrade Yaamabana also called for a national environmental policy that would specifically address the environmental problems in the Niger Delta and other parts of the country.
He said such policy must take into consideration that solid waste management is an important aspect of environmental planning, which must be prioritised rid our society of indiscriminate dumping of industrial waste.
Realising the importance of the natural environment, the American novelist, Henry Beston warned: do not do dishonour to the earth lest you dishonor the spirit of man. The implication of Beston’s warning is that by destroying his natural environment, man sets to consume himself in an escapable catastrophe, the possibilities of which are too obvious to be ignored.
However, the production and consumption of energy is today a major indicator of modernisation process. Our modern civilisation is fuelled by the energy sector, particularly  oil and gas and this involves exploratory activities with attendant pollution problems and significant local and global implication.
It is therefore suicidal to see that the very natural ingredients that nourish our lives are washed away in the name of technology or industrialisation. It is left for us therefore to heed to Beston’s warning or perish.

 

Taneh Beemene

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NCDMB Unveils $100m Equity Investment Scheme, Says Nigerian Content Hits 61% In 2025 ………As Board Plans Technology Challenge, Research and Development Fair In 2026

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The Nigerian Content Development and Monitoring Board (NCDMB), has unveiled a $100 million Equity Investment Scheme among a raft of fresh initiatives to bolster indigenous capacity and participation in the oil and gas industry.
Executive Secretary of the Board, Engr. Felix Omatsola Ogbe, disclosed this while delivering his keynote address at the opening of the 14th Practical Nigerian Content Forum, held in Yenagoa, Bayelsa State.
Ogbe said the $100 million Equity Investment Scheme would provide equity financing to high-growth indigenous energy service companies, while diversifying the income base of the Nigerian Content Development Fund (NCDF).
In furtherance of the scheme, a memorandum of understanding (MOU) was signed at the event between Engr. Ogbe and the Managing Director of the Bank of Industry, Dr. Olasupo Olusi toward the management of the scheme, which is a new product of the Nigerian Content Intervention Fund (NCI Fund).
The NCDMB Scribe also announced that 61 per cent Nigerian Content level has already been attained in the oil and gas sector by the third quarter of 2025 from projects being monitored by the Board.
Ogbe further expressed the board’s readiness to onboard a new set of Project 100 Companies after the successful implementation of approved interventions relating to the first set of Project 100 Companies, launched in 2019, for which an exit plan is slated for April 2026.
The ‘Project 100 Companies’, TheTide learnt, is an initiative of the Ministry of Petroleum Resources and the NCDMB under which 100 indigenous companies in the oil and gas industry were nurtured and empowered to higher levels of competitiveness through capacity building and access to market opportunities.
The NCDMB helmsman also said the Board has concluded plans to launch its NCDMB Technology Challenge in the first quarter of 2026 and to hold a Research and Development Fair in the second quarter of 2026.
In addition to its ongoing initiatives, the board further stated that a review of its seven current guidelines would be undertaken between the first and second quarter of 2026.
“The Board has completed the framework for issuance of NCDF Compliance Certificate, an instrument to confirm that a company in the oil and gas industry has complied with the one per cent remittance obligations.
“The Certificate will become effective on Ist January 2026 and would be required to obtain key permits and approvals from the Board”, Ogbe said.
In his address, the Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, said the theme of the PNC Forum, “Securing Investments, Strengthening Local Content, and Scaling Energy Production,” captures Nigeria’s national priorities that guide interventions by the Board and his Ministry.
He insisted that investment remains the lifeblood of the energy sector, and that the Board and the Ministry were committed to providing stable policies, transparent processes, and market-driven incentives, to attract long-term capital,  assuring that the ministry would continue to strengthen local capacity across fabrication, engineering, technology services, manufacturing of components, and research and development.
On his part, the Minster of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, noted with satisfaction that a decade-long stagnation in the oil and gas industry was overcame with the enactment of the long-delayed Petroleum Industry Act (PIA), 2021, and Presidential Directives issued by the Administration of President Bola Ahmed Tinubu in March 2024.
He said Nigeria has regained investor-confidence as signalled by the recent surge in FIDs and the increase of oil rigs from 14 to over 60, with 40 currently in active service.
“Our investment climate now is globally competitive, our fiscal terms are globally competitive. Our policies must be seen to be consistent at all times. The Federal Government is prepared to support Nigerian Content and the oil and gas industry, but then, things have to be done responsibly., he said.
In a goodwill message, the Managing Director, BOI, Dr. Olasupo Olusi, said that the collaboration between the NCDMB and BOI marked a significant expansion of a longstanding relationship, while assuring that through the $100 million NCIF Equity Investment Fund, the Bank of Industry would deploy equity and quasi-equity capital to support high-potential Nigerian companies to complement traditional debt financing and strengthening access to the long-term risk capital required for scale, competitiveness, and value creation.
“With a single obligor limit of $5 million, the Fund is designed to catalyze multiple high-impact investments while maintaining strong governance and prudent risk management”, the BOI Managing Director said.
On her part, the Special Adviser to the President on Energy, Mrs. Olu A. Verheijen, commended the NCDMB for sustaining the PNC Forum, which she said, accelerates change, drives competitiveness, and pushes the industry toward global standards.
She urged stakeholders to remain intentional and not incidental about in-country value addition, as they chart the path toward building a resilient, competitive industrial base in Nigeria.
By;  Ariwera Ibibo-Howells, Yenagoa
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Power Supply Boost: FG Begins Payment Of N185bn Gas Debt

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In the bid to revitalise the gas industry and stabilise power generation, President Bola Ahmed Tinubu has authorised the settlement of N185 billion in long-standing debts owed to natural gas producers.

The N185 billion legacy government obligations to gas producers for past supplies had strained cash flow and hindered operations, discouraged further exploration and production, and reduced gas supply for power generation, thereby worsening Nigeria’s power shortages and unreliable electricity supply.

The payment, to be executed through a royalty-offset arrangement, is expected to restore confidence among domestic and international gas suppliers who have long expressed concern about persistent indebtedness in the sector.

Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, said the move, endorsed by the National Economic Council (NEC) headed by Vice President, Kashim Shettima, marked one of the most significant interventions in Nigeria’s energy sector in recent years.
In a statement issued by the his Spokesman, Louis Ibrahim, Ekpo described the approval as a “decisive step towards revitalising Nigeria’s gas sector and strengthening its power-generation capacity in a sustainable manner,”
While noting that the intervention aligned with the ‘Decade of Gas’ initiative, which aims to unlock more than 12 billion cubic feet per day (bcf/d) of gas supply by 2030, Ekpo said clearing the arrears would deliver wide-ranging benefits, beginning with restoring investor confidence in the sector.

According to him, settling the debts is crucial to rebuilding trust between the government and gas producers, many of whom have withheld or slowed new investments due to uncertainty over payments.

Ekpo explained that improved financial stability would help revive upstream activity by accelerating exploration and production, ultimately boosting Nigeria’s gas output adding that Increased gas supply would also boost power generation and ease the long-standing electricity shortages that continue to hinder businesses across the country.

The minister noted that these gains were expected to stimulate broader economic growth, as reliable energy underpins industrialisation, job creation and competitiveness.

In his intervention, Coordinating Director of the Decade of Gas Secretariat, Ed Ubong, said the approved plan to clear gas-to-power debts sends a powerful signal of commitment from the President to address structural weaknesses across the value chain.

“This decision underlines the federal government’s determination to clear legacy liabilities and give gas producers the confidence that supplies to power generation will be honoured. It could unlock stalled projects, revive investor interest and rebuild momentum behind Nigeria’s transition to a gas-driven economy,” Ubong said.

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The AI Revolution Reshaping the Global Mining Industry

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The global mining industry is undergoing a rapid digital transformation, driven by the dual pressures of the energy transition and increasingly complex extraction environments. A new market report projects the global Artificial Intelligence (AI) in mining market will nearly quadruple in value over the next seven years, reaching $9.93 billion by 2032.
This surge in adoption comes as miners face a “perfect storm” of challenges: declining ore grades, labor shortages, and an insatiable global appetite for the critical minerals required to power electric vehicles (EVs) and renewable energy grids.
According to data released this week, the market for AI in mining is valued at approximately $2.6 billion in 2025 and is expected to expand at a Compound Annual Growth Rate (CAGR) of 21.1 percent through 2032.
While the mining sector has historically been viewed as slow to modernize, the need for efficiency is forcing a change. The integration of autonomous haulage systems, predictive maintenance analytics, and “digital twins”—virtual replicas of physical mine sites—is shifting from pilot projects to standard operational necessity.
The “Operations & Process Optimization” segment is currently the dominant application, expected to account for more than 35 percent of the market in 2025. This technology allows companies to squeeze higher yields out of lower-quality rock, a capability that is becoming essential as easily accessible high-grade deposits are depleted worldwide.
The driving force behind this investment is the global scramble for critical minerals. The report highlights that the metal mining segment held the largest market share in 2024, directly correlated to the demand for lithium, copper, cobalt, and nickel—the backbone of the green energy economy.
“Metal mining operations involve highly complex processes—from ore body modeling and exploration to drilling, blasting, grinding, and material movement,” the report notes.
“AI supports these functions through predictive analytics… enabling cost reduction and higher yield recovery.”
For Western nations, this technological pivot also holds geopolitical weight. With China currently dominating the processing of rare earth elements, Western mining majors are under pressure to ramp up domestic production and efficiency to secure supply chains for battery manufacturing and clean energy infrastructure.
Beyond productivity, the industry is leveraging AI to address its most persistent operational risk: safety. The “Safety, Security & Environmental” segment is projected to record the highest growth rate during the forecast period.
Mining remains one of the world’s most hazardous heavy industries. Companies are increasingly deploying AI-powered video analytics and real-time worker tracking to prevent accidents involving heavy machinery and to monitor for gas leaks or ventilation failures in underground operations.
Furthermore, stricter Environmental, Social, and Governance (ESG) criteria from investors are pushing miners to adopt AI for environmental compliance. New tools allow operators to monitor tailings dams for stability, track emissions in real-time, and optimize water usage, ensuring that the intensifying race for minerals does not come at the cost of environmental stewardship.
Geographically, the Asia Pacific region commanded the largest share of the AI in mining market in 2024 and is expected to maintain the highest growth rate.
This dominance is underpinned by massive production volumes in China and Australia. Major industry players in the region, including BHP and Rio Tinto, have been early adopters of autonomous technologies. In Western Australia, for example, autonomous haulage trucks and drill rigs are already commonplace, moving millions of tons of iron ore with minimal human intervention.
China’s adoption is further accelerated by government support for “smart mining” initiatives aimed at modernizing its vast coal and mineral sectors to reduce fatalities and improve environmental performance.
As the world moves toward 2032, the “mine of the future” will likely bear little resemblance to the labor-intensive operations of the past. With generative AI now entering the sector to assist in complex mine planning and exploration, the industry is pivoting toward a model where data is as valuable as the ore itself. For energy markets, this efficiency is not just a bonus; it is a prerequisite for meeting the material demands of a decarbonized world.
By: Charles Kennedy
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