Oil & Energy
Expert Tasks Oil Firms On MoUs’ Implementation
Worried over the increasing spate of disagreements between oil firms and their host communities, an expert in the oil and gas sector, Dr Eddie Wikina, has called on all multinationals and corporate organizations operating in the Niger Delta to implement the Memorandum of Understanding (MOUs) signed with their host communities.
Wikina who spoke with The Tide in an exclusive interview recently, said the flouting of MOUs and the absence of sustainable community development policies among various oil firms and corporate organisations were the roots causes of under-development and conflict in the Niger Delta.
He pointed out that, “modern industry practices require that both the oil firms and the host communities operate in mutual agreement and synergy through a well community engagement model that would be subject to upward reviews to suit evolving developments to avert crisis.”
He noted that oil related conflicts has been a predominant feature of the Niger Delta over the years and urged prospecting oil firms and other corporate organisations in the region to learn from the experiences of the past and improve their host community relations by contributing meaningfully to the development of their host communities.
Dr wikina noted that said host communities were major stakeholders in the oil and gas business, saying their active participation in the sector was an elixir to smooth business operation.
“It’s certain that business activities can’t strive in an environment where their is mutual disagreement and incessant conflicts. Global standards in oil and gas business require that host communities be given their due sense of belonging to promote peace and development. “The business concern must be accommodative of the development interest of the host communities, any company that glosses over the interest of its host communities is bound to face challenges”, he said.
He cautioned against the influx of substandard oil firms in the Niger Delta and called on the Federal Government to enact laws that will compel multinationals to implement all agreements signed with their host communities.
“Not all companies that prospect for oil in the Niger Delta has the capacity for effective business operation, some of them don’t have the industry experience and lack the potency to make the right impact,” he noted.
According to him, the passage of the Petroleum Industry Bill will address the inherent challenges in the oil and gas sector, especially in the development of oil and gas producing communities.
Taneh Beemene
Oil & Energy
AEDC Confirms Workforce Shake-up …..Says It’ll Ensure Better Service Delivery
As part of the restructuring, the company said it had promoted high-performing employees, released retiring staff, and disengaged others whose performance fell below expected standards.
It added that it has also begun implementing a comprehensive employee development and customer management plan to strengthen its service delivery framework.
“In line with its corporate transformation strategy, Abuja Electricity Distribution Company has announced a restructuring exercise aimed at delivering improved services to its customers as well as enhanced operational efficiency and excellence.
“The restructuring is in line with our strategic direction to become a more responsive and efficient organisation, capable of delivering world-class service to our customers.
“As part of the transformation, the Company has promoted high-performing staff, released retiring employees and those performing below par, and has put in motion the implementation of a robust employee development and customer management plan aimed at driving AEDC’s customer-centric focus,” the company said.
AEDC noted that the reforms are part of its broader commitment to provide reliable, safe, and sustainable electricity to customers across its franchise areas, including the Federal Capital Territory and the states of Niger, Kogi, and Nasarawa.
The firm further pledged to continue investing in infrastructure upgrades, digital technologies, and operational innovations to improve service reliability and customer satisfaction.
“With a strong commitment to delighting its customers, AEDC continues to contribute to the growth and development of Nigeria’s energy sector through investments in infrastructure, innovative technologies, and sustainable practices.
“AEDC consistently seeks to improve the quality of life for its customers, promote efficient energy usage, and actively engage with its communities,” the statement added.
Oil & Energy
Economic Prosperity: OPEC Sues For Increase In Local Crude Oil Refining
Oil & Energy
Senate Seeks Mandate To Track, Trace, Recover Stolen Crude Oil Proceeds
Nwoko who is also the Senator representing Delta North Senatorial District, said that forensic reviews show over S22b, S81b and S200b remained unaccounted for across different audit periods.
“I remain committed, alongside my colleagues, to ensuring accountability, recovery, and reform within the oil and gas sector.
Nwoko stated that the Committee had earlier presented its interim report before the senate saying “Our investigation has so far uncovered massive revenue losses amounting to over $300 billion in unaccounted crude oil proceeds over the years.
“This represents one of the most troubling cases of economic sabotage our nation has ever faced.
“We have made far-reaching recommendations to end this long-standing menace.
“There is need for strict enforcement of international crude oil measurement standards at all production and export points.
He urged the federal government to mandate the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to deploy modern, tamper-proof measuring technology or return this function to the Department of Weights and Measures under the Ministry of Industry, Trade, and Investment.
The senator called for the deployment of advanced surveillance systems, including drones, to assist security agencies in combating oil theft.
He also called for the creation of a Special Court for Crude Oil Theft to ensure swift prosecution of offenders and their collaborators, saying it would also go a long way in tackling the challenge.
“We must also ensure the full implementation of the Host Communities Development Trust Fund under the Petroleum Industry Act (PIA) to empower local communities and reduce sabotage.
“Ceding abandoned oil wells to the NUPRC for allocation to modular refineries to support local production and job creation is also very vital in fighting the menace of oil theft and sabotage,” Nwoko further said.
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