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FG, OPEC Forge Ties To Ensure Global Oil Market Stability

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The Federal Government has given assurance of its readiness to support every move that will bring about stability in the global oil market.
This was reiterated at a visit by Dr Mohammad Barkindo, the Nigerian born Organisation of Petroleum Exporting Countries (OPEC) Scribe, to the Minister of State for Petroleum Resources, Chief Timipre Sylva, in Abuja.
They both expressed their readiness to work hand-in-hand to ensure stability of the global crude oil market.
Sylva said that Nigeria, as one of the leading oil and gas producing nations in Africa, would continue to abide by the Declaration of Cooperation (DOC) which has gone a long way in stabilising the market for the collective good of the producing and consuming nations.
On his part, Barkindo applauded Nigeria for the key role it has been playing in the global crude oil market, noting that the 50 years partnership between OPEC and Nigeria has impacted the crude oil market positively.
He presented a book entitled “Nigeria and OPEC: 50 years of Partnership,” to mark the golden anniversary of its membership in the Organization of Petroleum Exporting
Can The Biden Administration Meet Its Ambitious Offshore Wind Power Target?
Earlier this year, the Biden administration said it planned to build offshore wind power generation capacity to the tune of 30 GW by 2030, creating more than 44,000 direct jobs and close to 33,000 indirect ones. To date, the United States has wind power capacity of 118 GW. Of this, only 42 MW is offshore wind. And According to IHS Markit, the 30 GW additional capacity target will almost certainly be missed.
Last year, the United States set a record in wind power capacity additions, at 14.2 GW added during the pandemic year. That was a continuation of another strong year in 2019, which also set a record in wind power additions, according to data from the Energy Information Bureau.
However, the reason for this boom in wind power generation capacity was not a simple response to greater demand for wind power. In fact, the reason for the records set in both 2019 and 2020 was the looming phase-out of the production tax credit, which spurred the mass deployment of wind and solar installations.
In December, Congress extended the production tax credit, which provided wind farm operators with a credit of $0.025 per kWh, until the end of this year. There are other incentives available to the wind industry, too. The biggest is the investment tax credit, which covers between 12 and 30 percent of investment costs at the start of the project. As of December, Congress has established a 30-percent investment tax credit for projects that start construction by December 2025.
So, with so much government help for the wind power industry, the 30 GW target in offshore wind should be a no-brainer. Yet, there are other factors at play besides government incentives and it is these factors, according to IHS Markit, that would make hitting the 30 GW target impossible.
For starters, the permitting process for offshore wind projects is lengthy and complicated, IHS Markit’s Andre Utkin wrote in a recent analysis of the topic. Then, there are not enough manufacturing facilities for the turbines, blades, and other equipment that goes into a utility-scale wind farm. The installation process is also tricky: per U.S. legislation, only U.S.-flagged vessels can sail along the country’s coasts. And there are not enough U.S.-flagged wind turbine installation and service vessels, according to IHS’s Utkin.
Then there is the issue of transmission infrastructure. This is insufficient to accommodate an additional 30 GW of wind power capacity, according to the research firm. The transmission infrastructure problem is a global one, by the way. Earlier this year, IHS’s Utkin reported that global offshore wind power capacity was set to expand sixfold by 2030 thanks to technological advances, cost reductions, and government incentives. However, he added, “the industry needs to rapidly develop and invest in new infrastructure to achieve these ambitious plans.”
Finally, there is a regulatory hurdle, albeit not an insurmountable one. The Bureau of Ocean Energy Management tends to conduct lengthy investigations of the impacts of wind farm construction on the environment, which will also likely delay projects.
In all fairness, many of these challenges can be dealt with by legislators, a majority—although slim—of whom are clearly in favor of building the country’s offshore wind power capacity. Some, however, are trickier because they do not depend on favorable policies. One example is the cost of building the necessary transmission infrastructure.
The recent $550-billion bipartisan infrastructure deal struck between the Senate and the White House envisages $73 billion in funding for clean energy generation and transmission. Yet copper prices are rising, and the offshore wind takes massive amounts of copper for its infrastructure. The $73 billion might simply be not enough for that and modernizing the U.S. aging grid.
Slav writes for Oilprice.com

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Cleric Harps On Significance Of Thanksgiving

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The General Overseer of Firstlove Assembly and renowned preacher, Senior Pastor Simeon Afolabi, has highlighted the significance of thanksgiving, saying it remains one of the best ways to show gratitude to God, and also one of the ways to please God Almighty.
Pastor Afolabi gave the indication as the guest preacher at the annual thanksgiving celebration of Holy Hills Church in Port Harcourt last Saturday.
The 2025 Holy Hills Church annual thanksgiving, tagged, “Thanksgiving of God’s Mercies”, witnessed the gathering of christian faithful to celebrate God’s unwavering love and mercies despite insurmountable challenges.
The General Overseer said the essence of thanking God cannot be over-emphasised, considering the good things He is doing for mankind.
The renowned man of God said one of the ways to please God is not to take His act for granted but to thank Him for everything He has done.
He urged churches to endeavour to make thanksgiving their priority so as to attract more blessings from God.
Pastor Afolabi noted that gratitude is a way of God, hence, “it behooves us to do it every moment of the day,” and opined that the Holy Hills Church was on the right track by recognising God’s mercy and kindness through thanksgiving.
In his remarks, the General Overseer of Holy Hills Church and Chief Host, Pastor Sunny Ikonwa said the aim of the annual thanks- giving celebration was to thank God for His mercy, saying, the annual event which is like Christ Mass to his members could best be described as God’s faithfulness upon their lives.
He said the annuall meeting remains God’s project which the church attaches great importance to and ensures its success every year.
He noted that the church under him will continue to sensitise people and preach to them on the way of peace.
The cleric recalled that the church that started under a palm tree has made tremendous improvement by God’s grace.
Pastor Ikonwa said his mission which is doing what pleases his Maker remains his watchword.
The Holy Hills Church pastor said the mercy of God has been able to sustain his people, saying, the prayer of a Christian goes a long way to rekindle the heart of God, stressing that it is for this singular reason that the church had come in His presence with something measurable to it, as a way of showing appreciation.
According to him, anything big starts small just as his church has done.
He said to the glory of God, today, the church has been growing in His direction.
He, therefore, admonished Christians to have hope and faith in God in the face difficulties, urging the government to always put the interest of the people first, as it has everything it takes to make life meaningful for the citizenry.
Pastor Ikonwa noted that government should be able to implement policies geared towards bettering the lives of the people.
The climax of the programme was the cutting of the thanksgiving cake by the General Overseer and his wife .Various organs of the church also made special presentations to God.

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Police Confirm Death Of Two Officers In Imo, Finger IPOB

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The Nigeria Police Force has indicted the dreaded group, Indigenous People of Biafra (IPOB) over the killing of two police officers, and injuring of one civilian who was rushed to the hospital after sustaining bullet wounds in a coordinated attack in Imo State on June 11, 2024.
The State Police Command, had in a press release accused the Eastern Security Network (ESN), a wing of the Indigenous People of Biafra(IPOB) of being responsible for the killing of the two police officers and injuring of a civilian at Akabo community in Ikeduru Council Area of Imo State.
According to the police, the incident was perpetrated in the early hours of the day by the hoodlums. They attacked one Christian Ama Chukwu in front of his shop at 79, Umudike, Umunnemoche Abazu, Akabo in Ikeduru Local Government Area of Imo State.
Operatives of the Nigeria Police Force, engaged them in a prolonged gun battle and ultimately repelled the attack. Unfortunately, two police personnel lost their lives in the attack. An unnamed civilian was also critically injured in the attack,and he sustained serious injuries in the course of the shootout.
Some residents who spoke with newsmen said the hoodlums were first noticed alighting from their vehicles and harassing residents for not participating in the seat-in or seat-at-home protests. They said the situation got out of control when they opened fire on an approaching police vehicle.
Another eye witness, IfechukwuOpara, said the gunmen then moved around the village in the community,shooting sporadically to aid their escape. “They were driving around the community in a reckless manner while shooting in the air to scare people away before they finally left”, he said.
The Police Public Relations Officer (PPRO), Imo State Police Command, DSP Henry Okoye had confirmed the incident.
He described it as “a senseless, unwarranted and unprovoked act of violence which must not go unsolved.”
According to him, the police would not leave any stone unturned in the quest to arrest and prosecute the criminals.
Subsequently, the Imo State Commissioner of Police, Aboki Danjuma, had mobilised a Police Tactical Squad of the Command to track down the killers, and said, “As I am talking to you now, an intense operation is currently going on in Ikeduru Local Government Area with a view to apprehending the hoodlums responsible for the attack.”
DSP Okoye noted that killings were another painful and stark reminder of the sacrifices police officers make in the commitment to secure the country.

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‘Tinubu Committed To Environmental Sustainability, Benefits To Ogoni’

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As the Ogoni cleanup programme being implemented by the Hydrocarbon Pollution Remediation Project (HYPREP) continues to record significant milestones across thematic areas, the Federal Government says such gestures further demonstrate President Bola Tinubu’s commitment under the Renewed Hope Agenda to environmental sustainability and ensuring the Project brings benefits to Ogoni people.
The Minister of Environment, Malam Balarabe Abbas Lawal, who made this assertion during the commissioning of the Bane and Gwara water schemes in Khana Local Government Area of Rivers State, in line with HYPREP’s mandate to provide potable water to Ogoniland, said the provision of potable water is a critical step towards improving public health, reducing waterborne diseases and enhancing the overall quality of life.
The latest commissioning brings the water stations to 16, providing access to potable water to 45 Ogoni communities , a development the Minister explains as part of President Tinubu’s commitment to peace ,environmental justice and socio-economic empowerment in Ogoniland, a beacon of hope for communities long affected by environmental degradation.
Lawal noted that the latest commissioning is restoring hope and dignity to the communities long deprived of this essential resource .
‘’The provision of potable water is a critical step towards improving public health, reducing waterborne diseases and enhancing the overall quality of life. It also signifies a renewed commitment to ensuring that the people of Ogoniland reap the full benefits of environmental remediation efforts.We
will continue to ensure that communities in Ogoniland have access to clean, safe and sustainable drinking water. With this initiative, we are not just commissioning infrastructure but restoring hope and dignity to the communities long deprived of this essential resource”, he said.
While commending the Project Coordinator of HYPREP, Prof Nenibarini Zabbey, development partners, stakeholders and traditional rulers, among others for their relentless commitment towards the actualisation of these projects, he urged communities to protect and take ownership of the projects, emphasising that their longevity and effectiveness depend on their collective efforts of maintaining and protecting them for posterity.
In his speech at the event, the Project Coordinator of HYPREP, Prof Nenibarini Zabbey maintained that the Project remains resolute in its resolve to ensure that it completes and delivers all projects initiated within the time frame for the use and benefit of Ogoni people in line with the directives of the Governing Council and under the leadership of the Minister of Environment, Malam Balarabe Abbas Lawal.
To achieve this, Zabbey explained that “We
continue to work closely with community leaders, youth and women, contractors and other stakeholders to ensure solutions are identified and implementation continues smoothly.
‘’We remain guided by the principle of partnership, dialogue, transparency and accountability, knowing that sustainable progress is best achieved through collaboration and mutual understanding. That is the hallmark of HYPREP,” he said.
He appealed to the people to continue to reinforce peace and understanding, using dialogue as a vital tool for resolving disputes, especially around project sites and within communities, noting that the concurrent implementation of over 100 projects across Ogoniland reflects the seriousness and dedication of HYPREP, a momentum that must be sustained through mutual trust and collaboration.
For the Project Coordinator, the event was an ideal opportunity to provide a project status update to Ogoni people, as he excitedly announced the milestone achievements recorded so far to include environmental remediation-94 percent completion in Phase 1 of mangrove restoration; shoreline at 67.1percent; Phase 2 land remediation at 36.55 percent; potable water-14 completed water facilities inaugurated, supplying potable water to 40 Ogoni communities, while the commissioning of the Bane and Gwara water facilities last Saturday increased the number of communities with access to clean and safe water to 45.
Other milestones are the Centre of Excellence for Environmental Restoration (CEER) at 92 percent complete and the processes of operationalising the Centre has begun with the just concluded colloquium, while the Ogoni Power Project is progressing steadily with wayleave compensation and construction works at Bodo and Wiiyaakara substations ongoing. The Ogoni Specialist Hospital is at 76.8 percent with 98.7 percent achieved in the Buan Cottage Hospital. The Ogoni public study being conducted by the World Health Organisation’s (WHO) International Agency for Research on Cancer (IARC); over 7,000 women and youths have benefited from various employment opportunities, while over 5,000 have been trained in multiple skills and provided start-up skits, among other programmes.
Zabbey further hinted of the commencement of some demand-driven skills areas this quarter, which include cybersecurity, full-stack development, mud logging, software development, GIS and commercial diving.
In their separate goodwill messages, the member representing Khana/Gokana Federal Constituency in the House of Representatives, Rt Hon Dumnamene Deekor; Chairman,Great Green Wall, Senator Magnus Ngei Abe; Chairman, Board of Trustees, Ogoni Trust Fund Incorporated, Hon Emmanuel Deeyah; Permanent Secretary, Rivers State Ministry of Water Resources and Rural Development, MrNwizug Gordon; representative of the Managing Director/Chief Executive Officer, Renaissance Africa Energy Company Limited and General Manager, Relations and Sustainable Development, MrIgoWeli; former Secretary to Rivers State Government, Chief Kenneth Kobani; and former Rivers State Commissioner for Environment, Prof Roseline Konya; all commended the Minister of Environment and HYPREP for their commitment to the Ogoni cleanup programme.
Earlier, the Minister and his entourage had paid a courtesy call on Mene Bua Kenwigbara, King D.Y Barile, at his palace, where the former was conferred a chieftaincy title of MeneAnua Le Maa 1 of Ken-Khana Kingdom; and the Project Coordinator of HYPREP as Mene doo Letam 1 of Ken-Khana Kingdom.

Also decorated were the Chairman of Ogoni Trust Fund Incorporated, Hon Emmanuel Deeyah; and the Permanent Secretary, Federal Ministry of Environment, Mahmud Kambari.

Highpoints of the event were the formal commissioning of the Bane and Gwara water facilities by the Minister and the Managing Director/ Chief Executive Officer, Renaissance Africa Energy Company Limited, Engr Tony Attach,represented by MrIgoWeli; the symbolic issuance of education support Items;and the visit to the Ken Saro-Wiwa Memorial Park for symbolic tree planting by the Minister; the Project Coordinator; BoT Chairman; Senator Abe; IgoWeli; Director General, NEASRA, Prof Innocent Barikor; and Zina Wiwa, the daughter of the legendary environmentalist; and the visit to the CEER.

In two years, the Minister of Environment, has visited Ogoniland five times to commission 16 water stations, supplying potable water to 45 Ogoni communities and ensuring that other projects get equal attention, a clear demonstration of his unflinching commitment to the accelerated implementation of the Ogoni cleanup programme in line with Priority 3, Deliverable 3 of President Bola Ahmed Tinubu’s Renewed Hope Agenda and driven under the visionary and passionate leadership of Prof NenibariniZabbey as Project Coordinator.

By: Donatus Ebi

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