Rivers

Transcorp Acquires 45% OML 17 From Shell, Total, Eni

Published

5 years ago

January 18, 2021

Heirs Holdings (HH), an affiliate of Transnational Corporation of Nigeria Plc (Transcorp) has acquired 45 per cent participating interest in Nigerian oil licence OML 17 from Shell Petroleum, Total and ENI.
The OML 17 comprises oil fields in Etche, Ikwerre, Obio/Akpor and Oyigbo local government areas of Rivers State.
This is contained in a statement signed by Mr Chike Anikwe, Acting Group Company Secretary, Transcorp made available on Friday in Lagos.
According to the statement, the transaction is one of the largest oil and gas financings in Africa in more than a decade, with a financing component of $1.1billion, provided by a consortium of global and regional banks and investors.
It said that the transaction was through TNOG Oil and Gas Limited (a related company of Heirs Holdings and Transcorp), which will have sole oparatorshio of the asset from Shell Petroleum Development Nigeria Plc, Total E&P Nigeria Limited and ENI.
Mr Tony Elumelu, Chairman of Heirs Holdings, said in the statement: “We have a very clear vision: creating Africa’s first integrated energy multinational, a global quality business, uniquely focused on Africa and Africa’s energy needs.
“The acquisition of such a high quality asset, with significant potential for further growth, is a strong statement of our confidence in Nigeria, the Nigerian oil and gas sector and a tribute to the extremely high-quality management team that we have assembled.
“As a Nigerian, and more particularly an indigene of the Niger Delta region, I understand well our responsibilities that come with stewardship of the asset, our engagement with communities and the strategic importance of the oil and gas sector in Nigeria.
“We see significant benefits from integrating our production, with our ability to power Nigeria, through Transcorp, and deliver value across the energy value chain,” he said.
Elumelu further said: “I would like to thank Shell, Total and ENI, for the professionalism of the process, the Federal Government of Nigeria, the Ministry of Petroleum Resources, and the NNPC for the confidence they have placed in us,” he noted.
Speaking on the investment, Mr Owen Omogiafo, the President and Group Chief Executive Officer, of Transcorp, said that the transaction was an evidence of the company’s strategy to power Africa.
“This deal further demonstrates Transcorp’s integrated energy strategy and our determination to power Africa.”
Heirs Holdings was advised by Standard Chartered Plc, as Global Coordinator, and United Capital Plc, with a syndicate of lending institutions, including Afreximbank, ABSA, Africa Finance Corporation, Union Bank of Nigeria, Hybrid Capital, and global asset management firm, Amundi.
The deal also involves Schlumberger as a technical partner, as well as the trading arm of Shell as an offtaker.
According to the statement, OML 17 has a current production capacity of 27,000 barrels of oil equivalent per day and, according to our estimates, 2P reserves of 1.2 billion barrels of oil equivalent, with an additional 1 billion barrels of oil equivalent resources of further exploration potential.

Rivers

NGO Builds Awareness On Digital Violence Against Women, Girls

Published

2 days ago

January 2, 2026

The Tide

As part of activities marking 16 Days of Activism, A Non-Governmental Organizatio (NGO), OLEGH, has organised a one-day awareness creation workshop on digital violence against women and girls, for civil society and media groups in Rivers State.

OLEGH’s Executive Director, Henry Eferebo, said the programme was intended to draw attention to the theme for the 2025 16 Days of Activism tagged, “Unite To End Digital Violence against all Women and Girls.”

Eferebo said the event is an annual global campaign that focuses on violence against women, affords persons and groups all over the world the opportunity to embark on activities aimed at eliminating all forms of women and gender abuse.

“As individuals, we don’t pay attention to the things we see on the social media. We pay less attention to the abuse on the internet. Today, you can abuse a woman or a man physically, emotionally and otherwise, and go scot-free”, he noted.

According to him, women and girls have suffered the most from online violence and cyber-bullying, particularly on platforms such as TikTok, making them ready victims online and offline.

“So, in line with the United Nations principle on 16 Days of Activism and this year’s theme, there is a need for OLEGH Center to create awareness on issues resulting from the online abuse of women and girls.

“We decided to bring in a resource person who will tell us how to avoid being abused online”, he said.

He urged participants at the event to put hands together, rise up and speak against digital violence online.

The NGO’s arrow head, also explained that OLEGH was working towards creating an online help-desk for victims of online abuse and digital violence.

He urged participants to improve their security awareness while online, and adopt security protocols that would protect them in the digital space.

The Resource Person, Jacob Iniodu, in a paper titled, “Understanding Digital Abuse within the 16 Days of Activism”, listed forms of online violence to include, cyber-bullying, dozing, cyber-stalking, and invasion of privacy.

By: King Onunwor

Rivers

Foundation Distribute Bags N5m Worth Christmas Gifts In Bundu Ama

Published

2 days ago

January 2, 2026

The Tide

Armslent Foundation, a Non-Governmental Organisations (NGO), in Rivers State, has distributed Christmas gifts worth over N5million to aged mothers, orphans and less privileged persons in Belema, Bundu Ama (Community) in Port Harcourt Local Government Area (PHALGA).

The Foundation also gave cash gifts of N150,000 to the Community.

Presenting the gift items, comprising 5 bags of rice,10 Cartons of indomie noodles,10 Gallons of groundnut oil, 3 bags of salt and cartons of maggie cubes, to Chairman of the Community, David Oba, and the community leaders, the founder of Armslent Foundation, Comrade Richard Boma Briggs, said the foundation decided to show love and togetherness to the community by providing the gifts.

He noted that the provision was part of its Corporate Social Responsibility (CSR) to the community aimed at alleviating poverty and create a sense of belonging as Christian faithfuls celebrate the birth of Jesus Christ.

Briggs described Bundu Ama as one of its pillars in partnership, stressing that the foundation was inspired by the spirit of love to impact and rejoice with the residents of the community.

“The foundation was moved by the spirit of Christmas to give these gifts and rejoice with the people of community”, Briggs said.

Accompanied by the Managing Director of the Foundation, Richard Osigbo, and other top Executive Members, Briggs called on the leaders of the community to always pray for the foundation, promising that in 2026, it would embark on a tangible project at UPE Modern Primary School Waterfront, Bundu Ama.

Receiving the items, Chairman of Bundu Ama, David Oba, thanked the foundation for empowering the less privileged persons, assisting physically challenged persons, and aged mothers in the past.

“The foundation had done a lot for this community and today we are witnessing these gift items for the Christmas celebration”,he emphasised.

He called on the leaders of the community, women group, youths and residents to emulate the humanitarian gestures of the foundation and pleaded that they also borrow a leaf from the gesture,in order to also give to society whenever they can.

Earlier the leaders of Belema Bundu Ama, led by Oba, former Chairman, Benneth Kalio, and Secretary, Promise Mangibo, presented an Award of Excellence to the Founder of the Foundation for his Humanitarian and selfless service to the community.

Highlight of the event was the offering of a special prayer to the management of the foundation by aged mothers, youths and leadership of the community.

By: Chinedu Wosu

Rivers

Youths Condemn Killings In Andoni

Published

2 days ago

January 2, 2026

The Tide

The Obolo Youth Coalition, Rivers State Chapter, has condemned the recent spate of killings in Andoni Local Government Area, describing the renewed insecurity as alarming and constituting a threat to peace and stability in the area.

In a statement signed by its Chairman, Comr. Jonathan J. Eyina, the group expressed deep concern over what it described as brutal and senseless acts of violence, while extending condolences to the families of the victims.

The coalition said the resurgence of insecurity in Andoni has continued to undermine communal harmony and called for urgent steps to halt the trend before it escalates further.

It appealed to youths in the area to shun violence and embrace peace, stressing the need for tolerance, mutual respect and collective responsibility in safeguarding the community.

According to the group, restoring peace in Andoni requires a coordinated approach involving government, security agencies, community leaders and residents to identify and address the root causes of insecurity.

It noted that increased security presence, improved intelligence gathering, and sustained community engagement are critical to preventing further violence, adding that underlying social and economic challenges must also be addressed.

The coalition called on the Andoni Local Government Chairman, Hon. Lucky Promise-Otua, the Rivers State Governor, Sir Siminalayi Joseph Fubara, and the Commissioner of Police, CP Olugbenga Adepoju Adewole, to take decisive actions to restore security.

It further demanded that those responsible for the killings be apprehended and prosecuted to serve as a deterrent to others.

By: King Onunwor