Oil & Energy
Lokpobiri Charges Oando To Target IOC Status
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has urged Oando Energy Resources Nigeria Limited. to carry out its operations in the efforts to achieving International Oil Companies (IOCs) status.
Lokpobiri gave the charge during the Oando Delegation to his office, led by its Managing Director, Dr. Ainojie Alex Irune, at the Weekend.
Lokpobiri called on the company to change the narrative between oil companies and host communities saying as an indigenous company, it can reach where some IOCs cannot go.
The Minister expressed hopes in the ability and capacity of the Company to do things differently and by extension collaborate with stakeholders to achieve the much-talked about local content.
He charged the delegation to work towards hitting the 100,000 barrels per day (bpd) saying it would go a long way in helping the government to meet its target of two million barrels per day bpd by December while adding that the government was also determined to create Nigerian international oil companies that would compete favourably with their counterparts globally.
Lokpobiri said, “I know that Oando has enormous capacity in such a way that, if given the desired support, we can grow our production in a manner that would be a game changer in this country. I have always contended that the future of our oil and gas in this country lies with the members of the IPPG.
“I have always been asked at international forums whether the indigenous companies have the capacity to sustain the running of these companies. And I told them that our companies have the capacity to run them, professionally and profitably, in such a manner that the Federal Government will lose nothing”.
The Minister promised to create an enabling environment in the oil and gas industry for companies to operate in Nigeria.
“My expectation is that Oando will ramp up production in these assets. If you are able to ramp up production it will help to meet the two million barrels production by the end of the year. There are enormous opportunities in the industry and we boldly tell the world that Nigeria is ready for business”, he stated.
Earlier in his remarks, the leader of the delegation, Ainojie Irune, informed the minister that the acquisition of NOAC assets has increased to twice the number of assets acquired from International Oil Companies in Nigeria after the ConocoPhillips acquisition in 2014.
According to him, Oando’s track record has demonstrated that Nigerian companies can competitively operate in the oil and gas adding that IOC is not a concept reserved only for companies from the West, the Far East, and the like saying Oando is ready for the challenges ahead as it wants to compete with leading IOCs in the world.
“IOC is not a concept reserved only for companies from the West, the Far East, and the like. We can breed and create our IOCs that would have sizable balance sheets, acreages across the world, and portfolios that can compete with the likes of the Aramco’s of this world, the Shell’s, Chevron, and so on. But we must start from somewhere. Oando has started this journey.
“I believe the history of the company is there to show and to prove with capacity to continue to do great things. And what we want to share with everyone today is the fact that we see a bright future, a bright future that speaks to a significant amount of improvement in the way these assets are run, a local approach to the local problems of host community and security, and a production uptake that will contribute to the overall production ambitions of the country in excess of what we have seen prior to now”, Irune said.
Oil & Energy
The Tofu Brine Battery That Could End the Lithium Era
Researchers in Hong Kong and China have developed a new form of battery that is more eco-friendly and longer lasting than lithium ion batteries – and it runs on tofu brine. The new water battery is still in research phases, but if the technology proves to be scalable enough to hit commercial markets, it could be a game-changer for the energy and tech sectors.
“Compared with current aqueous battery systems … our system delivers exceptional long-term cycling stability and environmental friendliness under neutral conditions,” the research team, composed of scientists from the City University of Hong Kong and Southern University of Science and Technology in Shenzhen, Guangdong, said in a paper published this month in Nature Communications.
The researchers found that their battery model can be recharged over 120,000 times. “At over a hundred thousand cycles, this could mean a single water-based battery could last at least a decade or so,” states a recent report on the breakthrough from Interesting Engineering. “For applications like grid storage (solar farms, wind balancing), that’s extremely valuable,” the article went on to say.
This kind of lifespan would represent a drastic improvement over the battery technologies that dominate today’s market. Lithium-ion batteries degrade after between 1,000 and 3,000 charge cycles. This could prove revolutionary, as finding an alternative to lithium-ion batteries to power rechargeable devices is a major priority for Big Tech and the global energy sector.
Moreover, these tofu-brine batteries could prove safer and more environmentally friendly than lithium-ion batteries. According to the study authors, the full cells are environmentally benign and nontoxic and can be directly discarded to environments according to various standards.” Water based (also called aqueous) batteries can also potentially be cheap to produce as they rely on ingredients that are less rare in addition to being less hazardous.
Lithium is environmentally harmful to extract, prone to fires, and its supply chains are geopolitically fraught. Currently, China alone controls half of the global lithium market, and is rapidly increasing its stake. In 2024, more than eight in ten battery cells on the planet were made in China. This means that finding a battery model that can compete with lithium-ion batteries in applications like grid-scale energy storage and electric vehicles would have revolutionary implications for global markets.
Researchers around the world have been racing to develop battery models that could diversify the market and make it more competitive and resilient. These models range widely in size, components, and application, with models currently under development for next-gen sodium-ion batteries, quantum batteries, nuclear batteries, and even sand and dirt batteries.
Of course, the irony is that the leading alternatives to lithium-ion batteries are also being developed in Chinese labs. If this new tofu-brine battery proves scalable and applicable outside of a laboratory environment, it could just be another step toward Beijing’s goal of near-total domination of clean energy technology value chains and status as the world’s first and premiere ‘electro-state.’
China’s extreme advantage in global battery making gives it a major point of leverage in global economies as the world continues to electrify at a rapid pace. It is estimated that European demand for lithium in batteries will reach kilo tonnes (thousands of tonnes) of Lithium Carbonate Equivalent by next year, and North American demand will reach 250 kit LCE. it’s all but certain that the vast majority of that demand will be supplied by China.
Other nations are aware of the risk of this dependency, and are taking pains to protect and promote domestic battery manufacturing, but these efforts may be too little, too late. “For globally competitive battery manufacturing industries to emerge outside of Asia over the next ten years, companies will need to do far more than ensure regulatory compliance,” summarizes a McKinsey & Company report released in January. “Challenges will need to be overcome on multiple fronts spanning supply chains, talent management, operations and technology.”
By: Haley Zaremba
Oil & Energy
REA TO Spend N100bn On Hybrid Mini-grids For Govt Agencies In 2026
The Rural Electrification Agency (REA) says it will spend N100 billion in 2026 to deploy hybrid mini-grids for government agencies within and outside Abuja.
The Managing Directors, REA, Abba Aliyu, disclosed this while addressing newsmen on the sidelines of the 2026 budget defence session
The approved funds form part of the National Public Sector Solarisation programme, a component of the agency’s broader N170 billion budget proposal for 2026.
The initiative is designed to improve electricity reliability for public institutions while reducing operational costs and easing pressure on the national grid.
Aliyu explained that the agency’s total proposed budget for 2026 stands at N170 billion, with N100 billion of the amount dedicated specifically to the solarisation initiative targeting government agencies.
He said the hybrid mini-grid systems combine solar power with complementary energy sources to ensure an uninterrupted electricity supply.
“The total budget size for 2026 operations is N170 billion, out of which N100 billion had been approved for National Public Sector Solarisation.
Aliyu cited the National Hospital in Abuja as an example where similar infrastructure had been deployed to ensure stable power and cut operational expenses.He added that beyond the Solarisation
Recall that earlier in February 2026, REA signed a Memorandum of Understanding with the Economic Community of West African States (ECOWAS) to deploy solar power systems to 15 public institutions across Nigeria.
The project will be implemented under the Regional Off-Grid Electricity Access Project (ROGEAP), a World Bank-supported initiative aimed at expanding off-grid electricity access across West Africa and the Sahel.
ECOWAS will provide a $700,000 grant to fund the installation of solar photovoltaic systems in selected rural health centres and schools in the Federal Capital Territory, Niger, and Nasarawa States.
Oil & Energy
PIA: TotalEnergies Transfers OLO Oilfield HCDT Obligation To Aradel ……Says HCDT Enabled Completion of 100 Projects In 2 years
In his remarks, the Community Affairs Manager, Aradel Holdings Plc, Blessyn Okpowo, affirmed the company’s commitment to honouring all PIA obligations and continuing Total Energies’ community engagement approach.“We want to say that in line with the PIA, we will honour commitments and duties required of the settlor and we want to work very smoothly with the way TotalEnergies has worked with them,” he stated.
He recognised the Commission’s role in approving the Community Development Plan (CDP) before project start, underscoring regulatory excellence.The parties noted that between 2023 and 2025, the trust has enabled the completion of more than 100 community projects, spanning water supply, electricity, road infrastructure, education, and healthcare with a further 40 projects currently ongoing.
-
Politics4 days ago
2027: NIGERIANS FAULT INEC ON DIGITAL MEMBERSHIP REGISTER DIRECTIVE
-
Environment4 days agoLAWMA Director Says Sweeping Reforms Have Improved Waste Collection
-
Politics4 days ago
LP Crisis: Ex-NWC Member Dumps Dumps Abure Faction
-
Politics4 days agoUmahi Dismisses Allegations On Social Media, Insists On Projects Delivery
-
Sports4 days agoAbia Not Sure To Secure continental Ticket
-
Politics4 days ago
NATASHA ELECTRIC VEHICLES INITIATIVE IN KOGI CENTRAL
-
Sports4 days ago
La Liga: Yamal Records First Career Hat-trick
-
Sports4 days agoPSG Extend Lead In Ligue 1
