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Gov Sule Makes Case For Nation’s Gas Reserves

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Nasarawa state Governor Abdullahi Sule said last Thursday that the country’s major challenges and problems could be resolved with its gas reserves.
Sule said this in Abuja at the 6th Triennial Branch Delegates Conference/Award of the Department of Petroleum Resources (DPR), Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), under the theme: “Petroleum Industry Act (PIA) – Prospects for the Nigerian oil and gas industry”.
The governor said Nigeria was a gas country with oil, going by the volume of her gas reserves.
“When I was working for an oil and gas company in the past, we used to categorise Nigeria as among the various nations of oil and gas, we used to see Nigeria as a gas country with oil.
“With over 200 trillion standard cubic feet of gas that we have, Nigeria is indeed a gas country. And for those who understand the industry, if we develop the gas alone, even without the 40 million barrels of oil we have, the gas will be enough to sustain Nigeria.
“All the problems about power, fertiliser, the challenges we have in agriculture will be resolved easily with the gas reserve that we have.
“I want PENGASSAN to promote gas because a lot of countries survived with gas; it’s gas that made Qatar what it is today, not oil.
“So, this is the opportunity we have that we must develop, if we have to survive as a nation,” Sule said.
Chief Executive Officer (CEO), Mr Sarki Auwalu, (DPR), who was the chief host of the conference, said the focus on the PIA was to highlight the importance of the law to the oil and gas sector.
Auwalu also said that PIA would overhaul the oil and gas industry and eventually set the country on the path of greatness.
“The theme of this conference is a further testament to the critical role played by the constructive unionism in  national development, the petroleum industry in particular.
“You will agree with me that President Muhammadu Buhari achieved a monumental feat in advancing the Nigeria oil and gas industry.
“This was enabled through the signing of the PIB into an Act and this took us 20 years to achieve this legacy; president Buhari deserves an applause.
“In spite of the fact that we are going to net-zero, I believe that the PIA has a focus on the future and we will see how that future will be guaranteed with respect to environmental consciousness.
“I believe that the PIA will guarantee the future of our children and grand children,” Auwalu said.
He called for closer collaboration between PENGASSAN and the DPR, especially as it concerned the implementation of the PIA, for the oil and gas industry to continue to thrive.
President of PENGASSAN, Mr Festus Osifo regretted that the PIB was signed into law by President Buhari with some errors, but noted that it could be subjected to amendments for some of the errors to be removed.
“The only snag we have today is that we channel our energy into production of crude oil reserve; if we continue the way we are today, that is 2 million barrels per day and about 37 million barrels reserve, it will take us years to move forward.
“We should be thinking of how to fast track to ensure that the 2 million production is moved to 3 or 4 million barrels.
“If we don’t do that quickly, we are going to be caught in the trap of energy transition or fall into the web of what happened to our coal. Today, coal is trapped in the ground and nobody is interested”, he said.

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Navy Nabs Six Oil Thieves, Dismantles Illegal Refining Site 

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The Nigerian Navy Units under the auspices of Operation Delta Sanity says it has recorded significant successes against crude oil theft and  illegal refining sites in the Niger Delta.
The Navy, in an updated operations, said the successes were recorded between Thursday August 29 and Monday September 2, 2024.
According to the information, on 29th August, seven large cotonou and two fibre boats operated by heavily armed oil thieves loading crude oil from an illegal loading point around Botokiri axis of Nembe Local Government Area of Bayelsa State were seized.
Also, on 31st August, six suspected crude oil thieves with 109 sacks of illegally refined petroleum products, four fibre boats and two wooden boats were arrested and seized along Ogboinbiri-Kasama-Azama-Isoni of Bayelsa State.
Again, on 1st September, two wooden boats and 328 sacks of illegally refined automated Gas Oil were seized at Otuogori community’s river bank in Yenagoa, Bayelsa State.
Additionally, on 2nd September, 35 sacks of illegally refined Automotive Gas Oil in a wooden boat were seized at Gbaraun area of Southern Ijaw Local Government Area of Bayelsa State.
These successes indicate the effectiveness of Operation Delta Sanity, and the resolve of the Nigerian Navy to sustain current efforts to rid Nigeria’s maritime environment of the menace of crude oil theft and enhance crude oil production for the overall growth of the economy.

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Security Agencies, MDAs Owe Eko DISco N42bn – BPE

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The Eko Electricity Distribution Company Plc. has clarified that the Ministries, Departments, and Agencies of the Federal Government, including the military, owed the power distribution company N42billion as the cost of electricity consumed and not N144billion.
The Bureau of Public Enterprise(BPE), disclosed this in a Statement signed by the Head, Public Communications, Amina Othman, at the Weekend.
According to the Statement, the Disco affirmed that its total outstanding debt was N144billion, of which the MDAs and the military owe N42billion.
“The Eko Electricity Distribution Company Plc has clarified that contrary to earlier reports, the aggregate outstanding debt owed by consumers is N144billion, out of which, ministries, departments, and agencies including the military owe N42billion”, Othman stated.
The Statement said this was against prior reports that the MDAs, including the army, police, and other government agencies, were owing N144billion and had refused to pay.
The Disco said, “the clarification became necessary for proper reportage on the matter and to put the records straight”, it stated.
Recall that during a recent oversight visit by members of the House of Representatives Committee on Privatisation and Commercialisation, led by its Chairman, Ibrahim, the Acting Managing Director of the EKEDC, Mrs. Rekhiat Momoh, among other things, informed the members about the legacy debts owed the company by MDAs.
The committee had reported the acting MD as stating that the company was owed N144billion by MDAs within its operational area, saying she mentioned that the military, police, and various state government agencies failed to settle their debts, creating financial difficulties for the distribution company.

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Unveiling Of Crane: Energy Infrastructure Set To Get Boost

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Energy infrastructure, a crucial part of global oil and gas supply and the energy transition, are set to get a boost after a heavy lifting equipment provider unveiled the world’s strongest crane-equipment capable of lifting 6,000 tons, or 15 fully loaded Boeing 747 aircraft.
Dutch heavy lifting and transport services company Mammoet has launched a new type of crane, the SK6,000, which, the firm said, could be used for modules to be built faster and also “bigger than ever before”.
As oil and gas continue to be a key part of the world’s energy system—and likely will continue for decades to come—and as renewable energy developers aim for bigger wind turbines, the support equipment for installing oil and gas platforms, offshore wind equipment, and even nuclear power stations is becoming bigger.
Bigger cranes such Mammoet’s SK6,000 could remove some of the limitations of engineering and construction firms. These firms are generally limited by how much weight can be lifted when installed on a platform or turbine.
Cranes that can carry 5,000 tons and more can shorten the time of a project being erected on a site, onshore or offshore, Mammoet says.

“Limitations on lifting capacity force engineers to fabricate smaller modules than would be optimal; tying up site space and increasing the complexity and duration of projects,” the company notes.
“This limitation can also narrow the execution choices available during each project’s planning stage and the percentage of each project that can be executed locally.”
These days, energy companies and their contractors seek faster deployment of energy infrastructure, be it wind turbines or floating production storage and offloading (FPSO) vessels and platforms for oil and gas production.
“There are so many supply chain constraints at the moment that need to be de-bottlenecked,” Gavin Kerr, Mammoet’s director of global services, told Bloomberg, commenting on the new crane.
“The bigger everything gets, you need bigger cranes.”
Moreover, the SK6,000 is containerised and can be assembled quickly on-site. This feature allows it to deliver heavy lift capability wherever it is needed, giving contractors greater flexibility in where and how energy projects are completed” Mammoet said.
“With the innovation of the SK6,000 crane, our customers can think bigger than ever before; pushing modules beyond the 4,000t and even 5,000t barriers. Its low ground bearing capacity also means the crane can be used all over the world”, said Mammoet’s Sales Director Giovanni Alders.
“With its long outreach, small minimum footprint and relatively small site impact, the SK6,000 greatly reduces the topside integration time.
“Needless to say, with larger building blocks you spend less time connecting and testing, and more time producing” Alders added
Energy companies do need faster permit-to-production times in both oil and gas and renewable energy to provide the conventional and green energy sources the world will need.
Wind turbine technology is evolving and making the hub height increasingly taller. According to the Office of Energy Efficiency & Renewable Energy at the U.S. Department of Energy, the hub height for utility-scale land-based wind turbines has surged by 83per cent since 1998–1999, to about 103.4 meters (339 feet) in 2023. That’s taller than the statue of Liberty.
The average hub height for offshore wind turbines in the United States is projected to grow even taller from 100 meters (330 feet) in 2016 to about 150 meters (500 feet), or about the height of the Washington Monument, in 2035, DOE said.
In the oil and gas industry, new resource development is needed as demand for LNG grows and legacy oilfields mature and output declines.
If contractors can bring energy projects on stream faster, both oil and gas supply and the energy transition will benefit.
By: Charles Kennedy

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