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

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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.

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Terrorism: COAS Makes Case For Local Intelligence Gathering

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The Chief of Army Staff (COAS), Lieutenant General Waidi Shaibu, has said robust local intelligence gathering is the most effective weapon in Nigeria’s fight against terrorism and violent crime.

He, therefore, urged communities across the country to take ownership of security efforts through active collaboration with the military.

Shaibu gave the advice in his message at the 7th edition of the Nigerian Army Key Stakeholders Engagement Forum themed “Taking the Nigerian Army to the Communities,” in Port Harcourt recently.

Represented at the event by the Director-General of the Nigerian Army Finance Corporation, Major General J.E. Osifo, the Army Chief emphasized that security was a collective responsibility that demands a whole-of-society approach.

He stressed that the Nigerian Army draws its strength from the support of citizens and communities, noting that cooperation from the civil populace significantly boosts the morale and operational effectiveness of troops engaged in counter-terrorism and counter-insurgency operations.

Shaibu also identified militancy in the Niger Delta, terrorism in the North-East, banditry in the North-West and separatist agitations in the South-East as pressing security challenges requiring coordinated national action and credible intelligence from the grassroots.

According to him, synergy with key stakeholders remains a central pillar of the Army’s strategy, as sustainable national security and economic development can only be achieved in a peaceful and stable environment.

As a way forward, he called on traditional institutions, faith leaders and civil society organizations to use their influence to promote unity and discourage criminality within their communities, describing them as critical partners in intelligence gathering and conflict prevention.

While acknowledging that counter-terrorism campaigns often record both successes and losses, the Army Chief said collaboration between the military and the public was indispensable to securing lasting victories on the battlefield.

He urged participants at the forum to contribute meaningfully to discussions, identify operational gaps and propose practical solutions that would strengthen trust and improve engagement between soldiers and civilians.

In his keynote address, retired Brigadier General, and traditional ruler of Abuloma Kingdom, Ateke Fiboinumama, underscored the importance of leadership in reducing crime, noting that effective engagement with community leaders can significantly curb insecurity.

Fiboinumama highlighted the Army’s non-kinetic interventions in Rivers State, including medical outreaches and disaster response efforts, and called for honesty within communities, stressing that while the military owes citizens protection, communities owe the military cooperation.

Earlier, the Chief of Civil-Military Affairs, Major General Musa Etsu-Ndagi, outlined ongoing initiatives such as scholarships, literacy competitions, medical missions and public complaint channels, as the forum concluded with a panel discussion to reinforce trust, transparency and sustained partnership as essential ingredients for restoring peace and stability nationwide.

The event had in attendance traditional rulers, religious leaders, civil society groups and other stakeholders who deliberated on strengthening civil-military relations.

King Onunwor

 

 

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CareerFest 2026 Begins In PH Today

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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, will begin a two-day career development and job creation event in Port Harcourt, today.

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

According to the organisers, 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 today, and physical conference and job fair in Port Harcourt tomorrow.

The hybrid event scheduled to hold at Celebra8 Event Center, Olu Obasanjo Road, Port Harcourt, will feature three core components including career and industry conference, involving keynote sessions, panel discussions and fireside chats with Human Resources leaders, business executives, policymakers, and industry experts.

It will also feature a job fair and recruitment hub with direct engagement between employers and job seekers, as well as one-on-one career counselling, mentorship and exhibitions.

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.

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Etche Clan Urges Govt On Chieftaincy Recognition

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The Chief Cultural officer of Etche Ethnic Nationality, Eze Charles Nweke, has warned government against recognizing anyone not installed by the Onyeishi Etche, His Eminence, Oche ENB Opurum, as Onyeishi Agwurus or Clan head in Etche and Omuma local government areas.

Eze Nweke, who said this in an interview with newsmen in Port Harcourt, also called on Etche sons and daughters to respect the culture and traditions of Etche ethnic nationality.

He said the advice to the government has become necessary in order to preserve the sanctity of the Etche chieftaincy institution.

Nweke, who described Oche ENB Opurum as the custodian of the traditions of Etche ethnic nationality, said the Etche monarch has laid down the ground norms of the culture and traditions of his people, adding that what is needed is for both government and the people to accord it proper respect.

He listed clans in Etche to include Igbo Agwuru Asa, Okehi, Omuma, Ozuzu, Ulakwo Umuselem, and Mba.

According to him, dding these clans already have their heads who are all subservient to the Oche of Etche ethnic nationality .

Nweke said others below the Onyeishi Agwurus are special chieftaincy titles, the Ochimbas, Mgbaragidas, as well as Ogbetis and Ada Etche, who he said can come from any of the clans

Nweke also stressed the need for all community heads and clan heads in Etche nation to appreciate Oche ENB Opurum for his wisdom in bringing Etche nation together.

He said as the custodian of Etche culture, Oche ENB Opurum has not only laid foundation for a prosperous Etche as far as the Chieftaincy institution was concerned, but has also made sons and daughters of Etche proud by ensuring orderliness in the tradition and culture of Etche.

He stated that Oche ENB Opurum has laid foundation as far as the traditional institution of Etche was concerned, especially in the order of importance.

Nweke continued that Etche tradition  must be respected because it is the only way Etche nation can continue to move forward.

He said it beholves sons and daughters of Etche to respect the Monarch by keeping to the tenet of the Etche culture and traditions.

The Chief Cultural officer also said all the Chieftaincy stools in Etche, including the stool of the Oche, are not hereditary, and that inline with Etche tradition, the Oche stool rotates from clan to clan while onyeishi Agwuru/special chieftaincy titles rotates from town to town, Ochimba stool rotates from village to village, while the Mgbiragidas rotate from compound to compound.

 

John Bibor

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