Business
TotalEnergies Targets Oil, Gas Industry Growth In 2024 … As NAOC Pledges Support
TotalEnergies E&P Nigeria Limited has stated its resolve to revitalise the Nigerian oil and gas industry and grow local content.
The company’s Managing Director and Country Chair, Mr. Matthieu Bouyer, disclosed this, last Thursday, when he led a delegation of the company to visit the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Eng. Felix Omatsola Ogbe, at the Abuja liaison office of the Board.
A statement from the Corporate Communications and Zonal Coordination Directorate of the NCDMB said Mr Bouyer reconfirmed that the company would take the final investment decision (FID) on the Ubeta gas project in 2024, while some other big projects would follow shortly.
The statement reads in part: “The purpose of the visit was to congratulate the Executive Secretary on his appointment and reassure him of Total Energies’ commitment to continue developing oil and gas projects that would deliver value for the country, deepen Nigerian Content, and yield returns to the company’s shareholders.
“Mr. Bouyer affirmed that the company has an outstanding track record in Nigeria and has developed key oil and gas projects in the last 10 years”.
Some of the projects, he explained, were in deepwater, as well as in shallow water, and they created Nigerian Content records, such as the fabrication of six modules of the Egina’s Floating Production Storage and Offloading (FPSO) vessel in Nigeria.
“The MD also confirmed that the company was determined to unlock new projects in Nigeria and solicited the continued cooperation of the NCDMB for accelerated Nigerian Content reviews and approvals.
“He noted that the Ubeta project, which is located at Oil Mining Lease (OML) 58, is an onshore project and is designed to contribute gas to the Nigeria Liquefied Natural Gas (NLNG) plant and meet other domestic gas supply needs”, it stated.
According to the Corporate Communications and Zonal Coordination Directorate of the NCDMB, Mr Bouyer also noted that other projects on the horizon includes the Preowei deepwater project, which lies in OML 130, north of Egina Field, with water depth of around 5,904 feet.
The statement also added: “The Managing Director and Country Chair, Total energies E&P ltd. assured that the company would engage closely with the NCDMB to achieve speedy development of the project, increased crude oil production for the country and revenue”.
In his remarks, the Executive Secretary, NCDMB, Eng. Ogbe assured the TotalEnergies E&P team that the Board would fast-track the approvals needed by the company to deliver speedily on its oil and gas projects.
Referring to the Service Level Agreement (SLA) instituted by the Board with industry’s key stakeholders for shortening the contracting cycle, the NCDMB boss promised that the Board would strive to improve the turnaround time for its approvals on projects.
He further conveyed the commitment of the NCDMB to creating an enabling environment that would attract investments and new projects into the sector, thereby also creating employment opportunities for youths, and addressing insecurity in the polity in line with President Bola Tinubu administration’s “Renewed Hope Agenda”.
By: Ariwera Ibibo-Howells, Yenagoa
Business
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Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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