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Nigeria Loses More Crude Oil Than Some OPEC Members – Nwoko

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Nigeria’s losses due to crude oil theft has been said to be more significant than those of some other members of the Organisation of Petroleum Exporting Countries(OPEC).
The Chairman, Senate Ad- hoc Committee on Crude Oil Theft, Senator Ned Nwoko, made this known in an interview with newsmen in Abuja.
Nwoko noted with dismay the detrimental impact of the issue, which, he said include economic damage, environmental destruction, and its impact on host communities.
According to him, the theft was not only weakening the Naira, but also depriving the nation of vital revenue needed for infrastructure, healthcare, education and social development.
The Senator representing Delta North Senatorial District described the scale of the theft as staggering, with reports indicating losses of over 200,000 barrels per day.
Nwoko disclosed that the ad hoc committee on Crude Oil Theft, which he chairs, recently had a two-day public hearing on the rampant theft of crude oil through illegal bunkering, pipeline vandalism, and the systemic gaps in the regulation and surveillance of the nation’s petroleum resources.
According to him, the public hearing was a pivotal step in addressing one of the most pressing challenges facing the nation.
‘’Nigeria loses billions of dollars annually to crude oil theft. This is severely undermining our economy, weakening the Naira and depriving the nation of vital revenue needed for infrastructure, healthcare, education, and social development.
‘’The scale of this theft is staggering, with reports indicating losses of over 200,000 barrels per day more than some OPEC member nations produce.
‘’This criminal enterprise fuels corruption, funds illegal activities and devastates our environment through spills and pollution.
‘’The public hearing was not just another talk shop; it was a decisive platform to uncover the root causes of crude oil theft, bunkering and pipeline vandalism.
‘’It was a platform to evaluate the effectiveness of existing surveillance, monitoring, and enforcement mechanisms; Identify regulatory and legislative gaps that enable these crimes to thrive.
‘’It was also to engage stakeholders, security agencies, host communities, oil companies, regulators, and experts to proffer actionable solutions; and strengthen legal frameworks to ensure stricter penalties and more efficient prosecution of offenders”, he said.
Nwoko noted that Nigeria’s survival depended

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Tap Into Offshore Oil, Gas Opportunities, SNEPCO Urges Companies

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Shell Nigeria Exploration and Production Company Ltd. (SNEPCo) has called on Nigerian companies to position themselves strategically to take full advantage of the growing opportunities in upcoming offshore and shallow water oil and gas projects.
The Managing Director, SNEPCO, Ronald Adams, made the call at the 5th Nigerian Oil and Gas Opportunity Fair (NOGOF) Conference, held in Yenagoa, Bayelsa State, last Thursday.
Adams highlighted the major projects, including Bonga Southwest Aparo, Bonga North, and the Bonga Main Life Extension, as key areas where Nigerian businesses can grow their capacity and increase their involvement.
“Shell Nigeria Exploration and Production Company Ltd. (SNEPCo) says Nigerian companies have a lot to benefit if they are prepared to take advantage of more opportunities in its offshore and shallow water oil and gas projects.
“Projects such as Bonga Southwest Aparo, Bonga North and Bonga Main Life Extension could grow Nigerian businesses and improve their expertise if they applied themselves seriously to executing higher value contracts”, Adams stated.
Adams noted that SNEPCo pioneered Nigeria’s deepwater oil exploration with the Bonga development and has since played a key role in growing local industry capacity.
He emphasized that Nigerian businesses could expand in key areas like logistics, drilling, and the construction of vital equipment such as subsea systems, mooring units, and gas processing facilities.
The SNEPCO boss explained that since production began at the Bonga field in 2005, SNEPCo has worked closely with Nigerian contractors to build systems and develop a skilled workforce capable of delivering projects safely, on time, and within budget both in Nigeria and across West Africa.
According to him, this long-term support has enabled local firms to take on key roles in managing the Bonga Floating, Production, Storage and Offloading (FPSO) vessel, which reached a major milestone by producing its one-billion barrel of oil on February 3, 2023.

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Administrator Assures Community Of Improved Power Supply

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The Emohua Local Government Area Administrator, Franklin Ajinwo, has pledged to improve electricity distribution in Oduoha Ogbakiri and its environs.
Ajinwo made the pledge recently while playing host in a courtesy visit to the Oduoha Ogbakiri Wezina Council of Chiefs, in his office in Rumuakunde.
He stated that arrangements are underway to enhance available power, reduce frequent outages, and promote steady electricity supply.
The move, he said, was aimed at boosting small and medium-scale businesses in the area.
“The essence of power is not just to have light at night. It’s for those who can use it to enhance their businesses”, he said.
The Administrator, who commended the peaceful nature of Ogbakiri people, urged the Chiefs to continue in promoting peace and stability, saying “meaningful development can only thrive in a peaceful environment”.
He also charged the Chiefs to protect existing infrastructure while promising to address the challenges faced by the community.
Earlier, the Oduoha Ogbakiri Wezina Council of Chiefs, led by HRH Eze Goodluck Mekwa Eleni Ekenta XV, expressed gratitude to the Administrator over his appointment and pledged their support to his administration.
The chiefs highlighted challenges facing the community to include incessant power outage, need for new transformers, and the completion of Community Secondary School, Oduoha.
The visit underscored the community’s expectations from the LGA administration.
With Ajinwo’s assurance of enhancing electricity distribution and promoting development, the people of Oduoha Ogbakiri said they look forward to a brighter future.

By: King Onunwor

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SNG Recommits To Deepening Gas Distribution

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Shell Nigeria Gas (SNG) has restated its commitment to boosting gas utilization and supply network to support industrial clusters across the country.
The company said it is committed to building, operating and maintaining gas distribution system that is not just reliable but resilient, transparent, and growth-oriented, to support businesses, industries and ambitions.
To ensure its success in reliable energy delivery to customers, the company recently engaged more than 100 gas off-takers in the Agbara Ota industrial zone in Ogun State.
Themed “The Natural Gas Partner Of Choice, Powering Nigeria”, and targeted at consolidating the gains from the supply of gas to the businesses, the forum was attended by industry partners, officials of the Federal Government, the Ogun State Government and the Manufacturers Association of Nigeria (MAN).
Speaking, the General Manager, Shell Energy Nigeria, Markus Hector, said “Our commitment is to build, operate and maintain a gas distribution system that is not just reliable but resilient, transparent, and growth-oriented, to support businesses, industries and ambitions.
“This session is an opportunity for honest feedback, shared learning, and co-creating a better path forward. Your voice matters and we want to hear it”.
On his part, Special Adviser to the President on Energy, represented by the Team Lead, Gas, Lateef Biobaku, used the opportunity to share the vision of the government for the oil and gas industry.
He said: “Our vision is to unlock Nigeria’s energy potential, to help fuel economic growth, to drive industrialisation and help diversify our economy. The aim is to attract investments to help raise oil and gas production to 4 million barrels per day and 12 billion cubic feet of gas per day by 2030.
Also speaking, the Managing Director, NNPC Gas Marketing Limited, who was represented by the Manager, Strategy and Sustainability, Dan Aso, said “The future of the Agbara Ota industrial zone is bright, and natural gas will continue to play a pivotal role as Nigeria transitions towards a driven economy.”
The Managing Director, SNG, Ralph Gbobo, while reflecting on the outcome of the Agbara Ota customer’s forum said “We have noted the comments of our customers and will continue to improve our services to drive the growth already recorded through gas distribution.

“We’re grateful for the support and cooperation of our partners, communities, customers and the Ogun State Government and look forward to more collaboration for greater strides.”

Participants took part in three panel sessions on “Agbara Ota Industrial zone: present and future possibilities”, “Energy future” and “Nigeria’s oil and gas: Energised, invigorated and reawakened.”

The SNG interacted with the off-takers in customers’ fora to receive feedback and explore ways of improving gas supply.

Set up in 1998 as a fully Shell-owned company, SNG currently operates in Abia, Rivers, and Ogun states providing gas to customers through distribution pipelines of approximately 150km.

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