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

RSU VC Swears-in 11 Newly Elected Deans … Harps On Unity, Transparent Leadership

Published

15 hours ago

February 9, 2026

The Tide

The Vice-Chancellor of Rivers State University (RSU), Prof. Isaac Zeb-Obipi, has inaugurated and sworn-in eleven newly elected Deans of Faculties, charging them to provide inclusive, transparent and people-oriented leadership across the University.

The ceremony, held at the Vice-Chancellor’s Conference Room, marked the formal assumption of office by the new Deans following a university-wide election process.

Those inaugurated are Prof. John Ohaka (Faculty of Administration and Management), Prof. David Kiin-Kabari (Faculty of Agriculture), Prof. Barigbon G. Nsereka (Faculty of Communication and Media Studies), Prof. Isaac N. Dokubo (Faculty of Education), Prof. Enwuso Aleruchi Igwe (Faculty of Engineering), Prof. Paulinus W. Ihua (Faculty of Environmental Sciences), Prof. Jones M. Jaja (Faculty of Humanities), Prof. Grace Akolokwu (Faculty of Law), Prof. Ebirien-Agana S. Bartimaues (Faculty of Medical Laboratory Science), Prof. Ndokiari Boisa (Faculty of Science), and Prof. Emmanuel B. Okemini (Faculty of Social Sciences).

In his address, Prof. Zeb-Obipi expressed deep appreciation to the Committee of Provosts and Deans, led by the Provost, College of Medical Sciences, Prof. Kenneth S. Ordu, for their sustained support and cooperation since he assumed office.

He also commended the Electoral Committee, chaired by the Deputy Vice-Chancellor (Administration), Prof. Blessing R. Jaja, for conducting what he described as a free, fair and credible election.

According to him, the professionalism displayed by the committee has prompted Management’s decision to develop a formal Electoral Guidelines and Code of Conduct Handbook to guide future elections within the University.

Congratulating the newly elected Deans, the Vice-Chancellor noted that their emergence reflected the confidence reposed in them by their colleagues.

He urged them to foster unity, uphold mutual respect irrespective of rank, and ensure openness and accountability in the administration of their faculties.

The event climaxed with the administration of the oath of office by the Director of Legal Services, Barr. Tamuno Williams, followed by the signing of the Deans’ Register and the presentation of appointment letters by the Vice-Chancellor.

By: Theresa Frederick & Charity Amiso

Rivers

Fasthire, PHCCIMA, CIPM Host CareerFest 2026 In PH

Published

1 week ago

February 2, 2026

The Tide

Fasthire Services, in collaboration with the Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture (PHCCIMA) and the Chartered Institute of Personnel Management of Nigeria (CIPM), Rivers State Chapter, is set to organise a two-day career development and job creation event in Port Harcourt, from February 27-28, 2026.

The event, known as “Fasthire CareerFest 2026”, is expected to attract over 1,000 job opportunities, with employers actively recruiting across various sectors.

CareerFest 2026 is designed to be a high-impact platform that goes beyond a traditional job fair, and will also feature career exhibitions and professional guidance sessions, aimed at helping participants navigate career pathways, professional development, and long-term career planning.

There will be virtual sessions and industry conversations on February 27, and physical conference and job fair in Port Harcourt on February 28.

The hybrid event will feature three core components career and Industry Conference – keynote sessions, panel discussions, and fireside chats with HR leaders, business executives, policymakers, and industry experts.

The organisers said CareerFest 2026 is open to students, fresh graduates, job seekers, professionals, recruiters, business leaders, and anyone seeking career clarity, growth, or new opportunities.

They called on members of the public, employers who have vacancies and want to recruit, and professionals to register and participate in what is positioned as one of the most impactful career and employment-focused events in the South-South region.

The vision for CareerFest was originally conceived by Fasthire Services and has since received strong buy-in and strategic support from PHCCIMA and CIPM Rivers, reflecting a shared commitment to workforce development, youth empowerment, and sustainable employment.

Other strategic partners supporting the event include NTA, 3MTT, Google Developer Group (GDG) Port Harcourt, SMFest, and other companies and organisations that are committed to skills development, innovation, and employment creation.

With strong institutional backing, a clear employment focus, and a growing network of partners, Fasthire CareerFest 2026 is positioned to play a meaningful role in shaping careers, strengthening the workforce, and driving inclusive economic growth in Rivers State and beyond.

Rivers

Police Raise Alarm Over Rise In Officers’ Impersonation

Published

1 week ago

February 2, 2026

The Tide

The Rivers State Police Command has raised the alarm over a disturbing rise in criminal activities involving individuals impersonating police officers and extorting members of the public across the state.

The Command described the trend as a serious threat to public safety and trust, urging residents to remain vigilant and security-conscious at all times.

In a press release by its Public Relations Officer, CSP Grace Iringe-Koko, in Port Harcourt, the Police said the suspects allegedly operate by dressing in black outfits and posing as law enforcement officers while setting up illegal checkpoints to harass and intimidate unsuspecting citizens.

According to the release, the Commissioner of Police in Rivers State, CP Olugbenga Adewole Adepoju, also expressed concern over the development and assured the public that decisive steps have been taken to curb the menace.

He said a robust monitoring and intelligence mechanism has been activated to identify, apprehend and prosecute those behind the criminal acts.

Police authorities noted that the actions of these impostors not only amount to extortion and impersonation, but also undermine the credibility of legitimate security operations within the state.

The Command warned that anyone found culpable would face the full weight of the law.

The statement further clarified that no police officer or security agent has the legal authority to stop citizens on the road or at checkpoints to search their mobile phones, laptops or other personal electronic devices.

Such actions, the Police said, are unlawful and should be resisted through proper reporting channels.

Residents were also cautioned against complying with demands to accompany any individual to a Point of Sale (POS) operator, bank or other financial outlet for the purpose of withdrawing or transferring money, as this is a common tactic employed by the criminals.

The Police Command also called on members of the public to be alert and to take note of their surroundings, especially when confronted by suspicious persons or hostile checkpoints that do not follow established policing procedures.

To strengthen community participation in tackling the problem, the Command provided several emergency contact numbers for immediate reporting of suspicious activities.

The numbers include the Complaint Response Unit hotlines: 07057605256, 08120822987 and 09035774814.

Additional contact lines include the Police Public Relations Officer on 09014273818 and the Command’s Control Room on 08032003514, all of which are available for prompt response to distress calls.

Security analysts have observed that impersonation of law enforcement officers has become a recurring challenge in urban centres, often thriving where public awareness is low.

They stress that timely reporting by citizens is critical in dismantling such criminal networks.

The State Police Command reassured residents of its unwavering commitment to maintaining law and order and protecting lives and property across the state.

It also appealed to the public to continue supporting legitimate police operations with credible information.

The statement further emphasized that cooperation between the Police and the public remains essential to ensuring a safe and secure Rivers State.

By: King Onunwor