Oil & Energy

SPDC Rewards Most Peaceful Communities In Rivers

Published

16 years ago

June 14, 2010

For promoting peace and providing a congenial environment for business to thrive in 2009, the Shell Petroleum Development Company (SPDC) last Friday, rewarded some host communities in Rivers State with prizes for winning the maiden edition of the Community Role Model Peace Project in Port Harcourt.

The communities are those within Shell Land-1 East areas of operations, which form Port Harcourt-1 and 2, as well as Ogoni, and bring together secondary schools in Bori, Ogale, Igbo-Etche, Igwuruta, Rumuokurusi, Odagwa, Elelenwo, Umuechem, Egwi, Olakwor, in Obio/Akpor, Ikwerre, Etche, Eleme, and Khana local governments, among others.

The event brought together eight secondary schools, which vied for honours and glory with the projection of the core values of peace in essay and quiz competitions on the topics: “Effects of Pipeline Vandalism on the Environment”, and “Illegal Bunkering: Effects on the Environment and Economy”, as well as a community football competition.

At the end of the keenly contested essay competition, Gladys Echi of Elelenwo community came out tops, and was rewarded with N400,000.00 cash, a laptop computer and certificate, among others.

Captain Nwigwe of Igbo-Etche community clinched the second position, just as Chukwudi Okoronkwo took the third place, both rewarded with mouthwatering prizes and certificates.

In the quiz competition, Government Secondary School, Ogale, Eleme, swept through the lot to grab the first position with 14points, a cash reward of N20,000.00, among other prizes.

Community Boys Secondary School, Elelenwo won the second position with 13points while Birabi Memorial Grammar School, Bori, garnered the third position with 12points, and were also rewarded with valuable prizes.

However, in the football competition between PH-1 and PH-2, comprising a selection of talented football players from the participating secondary schools, PH-1 defeated PH-2 by 2-1 to lift the gold trophy and a cash reward of N300,000.00.

Speaking at the football prize presentation ceremony, Shell’s General Manager, Onshore Assets/Asset Manager, Swamp East, Woji Weli, thanked the participating schools from the local communities for promoting peaceful business environment in their areas in 2009, and charged the communities to continue to exhibit high level of hospitality and friendship in order to facilitate the sustainable development of their areas.

Making his presentation to winners of the essay competition, Manager, Government and Community Relations, SPDC, Theo Wellington, said the project was designed to recognize bright youths in the company’s host communities, and hoped that the participating youths will serve as role models by helping others in the communities to channel their minds, energy, time and resources to worthwhile activities that benefit the Niger Delta in particular and Nigeria in general.

He challenged the youths to be more creative and innovative in their career pursuits, and work assiduously towards the promotion of peace and development in their communities, as according to him, once peace is achieved in the rural communities, development and economic growth would be accomplished in the affected communities, local governments and state, and by extension, Nigeria.

In his speech, the Operations Manager, SPDC Land-1 East, Chuks Ikeobi, noted that majority of oil spills in the Niger Delta are the result of sabotage caused when thieves drill into pipelines or open up wellheads to steal oil and natural gas liquids, adding that on the average, these two causes account for more than 70 per cent of all oil spilled from Shell facilities in the Niger Delta over the last five years.

The operations manager assured that for whatever reasons may be adduced for misdirecting meaningful energies into the sabotage of the nation’s strategic economic livewire, as well as delaying the clean-up process by the emergency response teams, Shell was committed to improving its performance in all fronts, reduce the number of spills under its control, while striving to maintain oil production so as to sustain the nation’s economic growth and development.

“Whatever the cause”, Ikeobi said, “SPDC is committed to stopping and containing all spills, recovering and cleaning up as much oil as it can and restoring sites in compliance with regulations”, adding that Shell has “researched and adopted a technique for restoring land sites impacted by oil spills that we believe to be effective for the soil and climate conditions in the equatorial heat of the Niger Delta”.

He tasked host communities to continue to support and cooperate with the company in order to fast-track the development of the Niger Delta region by promoting the core values of peace and non-violence in their day-to-day activities, assuring that Shell would remain their advocate and partner.

Shell’s Assets Manager, Land – East, Mrs Chidube Nnene-Anochie, presented the Community Peace and quiz prizes to winners of the competition.

Highlights of the event were the presentation of Community Peace plaques, cash ranging from N5,000.00 to N400,000.00, certificates, trophies, LCD television sets, laptop computers, among other prizes to winners and other participating schools, teachers and students.

Nelson Chukwudi

Oil & Energy

Resource Wars Are Here and Oil Is the First Casualty

Published

2 weeks ago

March 30, 2026

The Tide

In just over a year, the world saw several instances of a choked supply of commodities indispensable for today’s economies and military capabilities.

From China’s restrictions on rare earths and critical minerals supply to the de facto closure of the Strait of Hormuz, policymakers and analysts began to realize that the control of oil, critical minerals, rare earths, and magnets is as important as building and maintaining stockpiles of advanced weapons. It also became clear that without these resources, defense and military capabilities could be weakened. The actual arms race goes hand in hand with the new battle for the resources that underpin economic, manufacturing, and advanced military development.

“Great-power competition has returned to basics: who controls the physical resources that modern economies and militaries run on,” Alice Gower, a partner at London-based political-risk advisory firm Azure Strategy, told the Wall Street Journal.

“Energy, critical minerals and industrial capacity are leverage, not just economic assets,” Gower added.

The war in the Middle East and the blockage at the Strait of Hormuz laid bare the reality of choked energy supply. The world’s most vital oil and LNG chokepoint, through which 20% of daily global trade flowed before the Iran war, has been essentially closed for most tanker traffic for more than three weeks.

The massive supply shock, the worst disruption in the oil market in history, showed that the world is dependent on energy resources, and that geography and actual physical supply matter. With so much oil and gas stranded in the Middle East, oil prices spiked to above $100 per barrel, natural gas prices in Europe doubled, and Asian spot LNG prices hit multi-year highs.

The precarious situation in the Middle East is reverberating across Asia, the region most dependent on oil and LNG supply from the Persian Gulf. Asian refiners pay sky-high premiums for non-Middle Eastern crude, many are considering cutting or have already cut processing rates, and countries have started to enact fuel-preserving measures, from four-day work weeks to bans on fuel exports.

In Europe, the gas refilling season will be the toughest yet, as Asia is outbidding Europe for spot LNG supply after Qatar’s LNG is effectively sidelined and full capacity may not return for up to five years following Iranian missile attacks last week.

Even the ‘energy independent’ United States, the world’s top oil producer, is not independent when it comes to global supply shocks of such magnitude.

The national average price of gasoline is approaching $4 per gallon nationwide, more than $1 a gallon compared to a month ago, before the start of the war.

Oil is a global resource, traded on a global market, and prices reflect fundamentals, although they have been driven by hectic trading activity on geopolitics in recent weeks. But the fundamentals show that there is no resource available to plug the gap that has opened in Middle Eastern supply. Producers are slashing output due to a lack of storage capacity, which further delays a rapid recovery in supply when this mess ends.

All this goes to show that whoever controls the Strait of Hormuz has enormous leverage on inflicting global economic pain.

While the world is focused on the Strait of Hormuz, the race for rare earths and critical minerals continues, with the U.S. and Western countries scrambling to dent China’s dominance.

Since China restricted exports of rare earth elements early in 2025, Western countries have raced to create mine-to-magnet supply chains to reduce dependence on Chinese supply in the key military and automotive industries.

China holds a 59% share of the mining of rare earths, 91% in refining, and a whopping 94% in magnet manufacturing, the International Energy Agency (IEA) estimates.

The U.S. has responded by taking stakes in minerals mining companies, the launch of a U.S. Strategic Critical Minerals Reserve, known as Project Vault, and is leading efforts to break the Chinese stronghold on the pricing of these minerals critical for the defense and auto industries and national security.

Chinese dominance could be eroded, but it would take years.

Still, rising neodymium-praseodymium (NdPr) supply from countries like the U.S. and Australia is set to reduce China’s market share to 69% by 2030 from 90% in 2024, Bloomberg Intelligence (BI) said in new research this month.

“We’re seeing a surge in rare-earth investment as modern technologies demand more critical materials,” said Jack Baxter, Global Metals & Mining Analyst at BI and co-author of the report.

“That said, we anticipate a significant shortfall in supply due to trade uncertainties, with lead times as long as 10 years to get new material out of the ground,” Baxter added.

“This will give pricing power to the few producers that currently are able to supply critical materials outside of China, fracturing the globalized market.”

Amid fractured markets and high geopolitical uncertainty, one thing is certain – the next arms race, alongside the actual arms race, will be for control of key resources such as oil and critical minerals.

By Tsvetana Paraskova

Oil & Energy

Transcorp Energy, Renewvia Partner On Renewable Energy Gap

Published

2 weeks ago

March 30, 2026

The Tide

Transcorp Energy Limited and Renewvia Solar Nigeria Limited have signed a Memorandum of Understanding to jointly develop renewable energy projects across Nigeria.

The move is aimed at addressing the persistent power deficit that has crumble businesses in the nation.

The agreement also outlines a longer-term plan to expand operations across Africa, positioning both firms to tap into growing demand for clean and reliable electricity.

The partnership would target commercial, industrial and residential consumers, as well as underserved communities, through a mix of off-grid and grid-connected energy solutions.

Beyond electricity provision, the collaboration would explore the aggregation and monetisation of Renewable Energy Credits generated from the projects, adding a commercial layer to the clean energy rollout.

The Managing Director and Chief Executive Officer, Transcorp Energy, Chris Ezeafulukwe, said the initiative aligns with the company’s broader strategy to expand access to sustainable power.

He noted that combining grid and decentralised energy systems would enable the company to deliver reliable electricity directly to end-users across different segments of the economy.

Chief Executive Officer of Renewvia, Trey Jarrard, described Nigeria as a critical market for the company’s African ambitions.

According to him, the partnership provides a platform to scale operations rapidly by leveraging established infrastructure and local expertise, while delivering cost-effective and resilient energy solutions.

Both companies said the agreement lays the foundation for a scalable pan-African renewable energy business, capable of supporting diverse markets and accelerating the continent’s transition to cleaner power sources.

The collaboration comes amid increasing pressure on governments and private sector players to deploy sustainable energy solutions to bridge electricity gaps, reduce reliance on fossil fuels, and support economic growth across Africa.

Oil & Energy

IYC Tasks Niger Delta Governors On Oil Field Bidding ….Decries Exclusion of Host Communities

Published

2 weeks ago

March 30, 2026

The Tide

The Ijaw Youth Council (IYC) Worldwide has raised concerns over the continued exclusion of host communities from the governance of oil resources, urging Niger Delta governors to take decisive steps by bidding for oil blocs and marginal fields.

The council warned that failure to act would allow external interests to continue dominating the region’s oil assets, despite their location within host communities.

Secretary-General of the council, Maobuye Nangi-Obu, started this at the stakeholders’ meeting organised by the Pipeline Infrastructure Nigeria Limited , with participants drawn from Rivers, Abia and Imo States, in Port Harcourt, recently.

“It is time for state governments in the Niger Delta, especially Rivers State, to form oil companies that can bid for marginal fields within their territories”, he said.

Nangi-Obu expressed concern over the reported listing of about 25 marginal oil fields for allocation, noting that many were located in host communities but allegedly being assigned to non-indigenes.

In his words “They sit in Abuja and decide what happens in our region, yet we are not part of the oil governance of our own resources”.

He explained that marginal fields, though considered uneconomical by major oil firms, remain viable for indigenous operators, adding that their allocation had continued to fuel grievances in the Niger Delta.

The IYC scribe also warned of the implications of directional drilling, describing it as a growing threat to host communities.

“There could be oil wells in your community, and somebody elsewhere could be drilling that oil without your knowledge,” he cautioned.

On environmental concerns, Nangi-Obu condemned the persistent gas flaring in the region, blaming both international and local operators for failing to invest in gas processing infrastructure.

He, however, commended Pipeline Infrastructure Nigeria Limited for its engagement with host communities.

“Pipeline Infrastructure Nigeria Limited is doing the right thing by engaging stakeholders. Not all companies are doing what they are doing,” he stated.

Traditional rulers at the meeting, further acknowledged improvements linked to the company’s activities in their areas.

The Eze Ekpeye-Logbo, King Kevin Anugwo, represented by Dr Patricia Ogbonnaya, noted that “aquatic life that disappeared due to pollution is gradually returning,” attributing the development to improved environmental conditions.

Similarly, Chairman of the K-Dere Council of Chiefs, Chief Batom Mitee, said, “There is now peace in our community,” stressing, increased oil production must translate into tangible benefits for host communities.

By: King Onunwor