Oil & Energy

Stakeholders Laud PINL For Oil Pipeline Safety

Published

11 months ago

May 12, 2025

Oil and Gas Stakeholders in the Niger Delta have expressed delight over the improved oil output from the region, attributing it to the activities of the Pipeline Infrastructure Nigeria Limited (PINL), the contracting firm providing security to the Trans Niger Pipeline (TNP).
The stakeholders, including the Nigeria National Petroleum Company Limited (NNPCL), insisted that the pipeline infrastructure in the region has been adequately covered thereby meeting up its target since the inception of the PINL.
Speaking at the One-Day Interactive Forum of Oil and Gas Host communities, organised in appraisal of PINL’s operations on the Trans Niger Pipeline, held in PortHarcourt, Thursday, the Director, Energy Security, Office of the National Security Adviser, Ojukaye Flag-Amachree, lauded the PINL, saying the company was operating in line with the mandate given to it by the Federal Government through the Office of the National Security Adviser .
Represented by Young Harry Amachree, Flag-Amachree said, “I want to personally appreciate PINL for the work they are doing. It was a mandate that was given to them by the President to secure the pipelines, and with your collaboration, what we are seeing today is impressive.
“This is a meeting of appraisal and I have listened to everyone and everyone is towing the same line with my thought and I want to say PINL, thank you for a job well done”.
Noting the economic implications of pipeline safety, Flag-Amachree said all hands must be on deck to drive the economy forward.
He said, “when the treasury of the nation drops, it affects Nigerians and so when it comes to securing the pipelines, everyone of us must put our hands together to achieve our common goal.
“We have prosecuted more than 100 suspects as of today and some serving prison terms.
“The teams are working 24 hours to make sure that those involved in this illegal activity are dealt with according to the law. So, I’m giving you the assurance that whatever information you have about these vandals, please don’t hesitate to call our attention to apprehend them.”
On his part, the Head, Field Operations, Eastern Corridor, Project Monitoring Office, NNPCL, Engr. Akponine Omojevwe, commended PINL for its efforts which has led to improved output on the Trans Niger Pipeline.
Omojevwe said, “we want to appreciate you, the PINL, because from what we have observed, a lot has really changed. If we look at the tender receipts of 2 years ago, there are lots of improvement, so we can say that you have done well and we appreciate you”.
While calling for more efforts by the PINL, Omojevwe said, “so, from our side, we are saying that for PINL to do very well, it depends on you also. It must be a collaborative effort. Everybody is involved so long as this surveillance is involved”.
Also speaking, the President, Movement for the Emancipation of Izon Ethnic Nationality, Dr. Kennedy West, expressed gratitude for surveillance activities of the PINL.
“I want to thank PINL for bringing people from 215 communities within the Trans Niger Pipeline to discuss on what used to be wrong and I want to say, PINL you are getting it right.
“Not only that you have our thumps up, but we are using this medium to reiterate a vote of confidence on Pipeline Infrastructure Nigeria Limited. We are not just saying that but we are using this medium to also call on NNPCL to do an upward review of the contract based on current realities so that there will be financial boom within the communities”, West stated.
Earlier in his remarks, the Community Relations Consultant, PINL, Dr. Akpos Mezeh, said the essence of the engagement was to appraise the company’s activities in the Communities for the years and seek ways of improvement.
According to him, PINL’s mandate to protect the Trans Niger Pipeline has been achieved through engagements with the host communities calling for a united front against pipeline vandalism.
Reeling the activities of the company, Mezeh said, “We have carried out social investments based on needs assessment done mitigating the socio-economic drivers of oil theft while promoting sustainable empowerments of our communities.
“We have also ensured that we restore the environment hitherto destroyed by incessant crude oil theft with the associated hazards.
“Also, we have achieved near-zero infractions on the Trans Niger Pipeline and, of course, that is giving us increased crude oil production and has boosted investors’ confidence in our economy with the attendant revenue increase.

By: Lady Godknows Ogbulu

Oil & Energy

Resource Wars Are Here and Oil Is the First Casualty

Published

2 weeks ago

March 30, 2026

The Tide

In just over a year, the world saw several instances of a choked supply of commodities indispensable for today’s economies and military capabilities.

From China’s restrictions on rare earths and critical minerals supply to the de facto closure of the Strait of Hormuz, policymakers and analysts began to realize that the control of oil, critical minerals, rare earths, and magnets is as important as building and maintaining stockpiles of advanced weapons. It also became clear that without these resources, defense and military capabilities could be weakened. The actual arms race goes hand in hand with the new battle for the resources that underpin economic, manufacturing, and advanced military development.

“Great-power competition has returned to basics: who controls the physical resources that modern economies and militaries run on,” Alice Gower, a partner at London-based political-risk advisory firm Azure Strategy, told the Wall Street Journal.

“Energy, critical minerals and industrial capacity are leverage, not just economic assets,” Gower added.

The war in the Middle East and the blockage at the Strait of Hormuz laid bare the reality of choked energy supply. The world’s most vital oil and LNG chokepoint, through which 20% of daily global trade flowed before the Iran war, has been essentially closed for most tanker traffic for more than three weeks.

The massive supply shock, the worst disruption in the oil market in history, showed that the world is dependent on energy resources, and that geography and actual physical supply matter. With so much oil and gas stranded in the Middle East, oil prices spiked to above $100 per barrel, natural gas prices in Europe doubled, and Asian spot LNG prices hit multi-year highs.

The precarious situation in the Middle East is reverberating across Asia, the region most dependent on oil and LNG supply from the Persian Gulf. Asian refiners pay sky-high premiums for non-Middle Eastern crude, many are considering cutting or have already cut processing rates, and countries have started to enact fuel-preserving measures, from four-day work weeks to bans on fuel exports.

In Europe, the gas refilling season will be the toughest yet, as Asia is outbidding Europe for spot LNG supply after Qatar’s LNG is effectively sidelined and full capacity may not return for up to five years following Iranian missile attacks last week.

Even the ‘energy independent’ United States, the world’s top oil producer, is not independent when it comes to global supply shocks of such magnitude.

The national average price of gasoline is approaching $4 per gallon nationwide, more than $1 a gallon compared to a month ago, before the start of the war.

Oil is a global resource, traded on a global market, and prices reflect fundamentals, although they have been driven by hectic trading activity on geopolitics in recent weeks. But the fundamentals show that there is no resource available to plug the gap that has opened in Middle Eastern supply. Producers are slashing output due to a lack of storage capacity, which further delays a rapid recovery in supply when this mess ends.

All this goes to show that whoever controls the Strait of Hormuz has enormous leverage on inflicting global economic pain.

While the world is focused on the Strait of Hormuz, the race for rare earths and critical minerals continues, with the U.S. and Western countries scrambling to dent China’s dominance.

Since China restricted exports of rare earth elements early in 2025, Western countries have raced to create mine-to-magnet supply chains to reduce dependence on Chinese supply in the key military and automotive industries.

China holds a 59% share of the mining of rare earths, 91% in refining, and a whopping 94% in magnet manufacturing, the International Energy Agency (IEA) estimates.

The U.S. has responded by taking stakes in minerals mining companies, the launch of a U.S. Strategic Critical Minerals Reserve, known as Project Vault, and is leading efforts to break the Chinese stronghold on the pricing of these minerals critical for the defense and auto industries and national security.

Chinese dominance could be eroded, but it would take years.

Still, rising neodymium-praseodymium (NdPr) supply from countries like the U.S. and Australia is set to reduce China’s market share to 69% by 2030 from 90% in 2024, Bloomberg Intelligence (BI) said in new research this month.

“We’re seeing a surge in rare-earth investment as modern technologies demand more critical materials,” said Jack Baxter, Global Metals & Mining Analyst at BI and co-author of the report.

“That said, we anticipate a significant shortfall in supply due to trade uncertainties, with lead times as long as 10 years to get new material out of the ground,” Baxter added.

“This will give pricing power to the few producers that currently are able to supply critical materials outside of China, fracturing the globalized market.”

Amid fractured markets and high geopolitical uncertainty, one thing is certain – the next arms race, alongside the actual arms race, will be for control of key resources such as oil and critical minerals.

By Tsvetana Paraskova

Oil & Energy

Transcorp Energy, Renewvia Partner On Renewable Energy Gap

Published

2 weeks ago

March 30, 2026

The Tide

Transcorp Energy Limited and Renewvia Solar Nigeria Limited have signed a Memorandum of Understanding to jointly develop renewable energy projects across Nigeria.

The move is aimed at addressing the persistent power deficit that has crumble businesses in the nation.

The agreement also outlines a longer-term plan to expand operations across Africa, positioning both firms to tap into growing demand for clean and reliable electricity.

The partnership would target commercial, industrial and residential consumers, as well as underserved communities, through a mix of off-grid and grid-connected energy solutions.

Beyond electricity provision, the collaboration would explore the aggregation and monetisation of Renewable Energy Credits generated from the projects, adding a commercial layer to the clean energy rollout.

The Managing Director and Chief Executive Officer, Transcorp Energy, Chris Ezeafulukwe, said the initiative aligns with the company’s broader strategy to expand access to sustainable power.

He noted that combining grid and decentralised energy systems would enable the company to deliver reliable electricity directly to end-users across different segments of the economy.

Chief Executive Officer of Renewvia, Trey Jarrard, described Nigeria as a critical market for the company’s African ambitions.

According to him, the partnership provides a platform to scale operations rapidly by leveraging established infrastructure and local expertise, while delivering cost-effective and resilient energy solutions.

Both companies said the agreement lays the foundation for a scalable pan-African renewable energy business, capable of supporting diverse markets and accelerating the continent’s transition to cleaner power sources.

The collaboration comes amid increasing pressure on governments and private sector players to deploy sustainable energy solutions to bridge electricity gaps, reduce reliance on fossil fuels, and support economic growth across Africa.

Oil & Energy

IYC Tasks Niger Delta Governors On Oil Field Bidding ….Decries Exclusion of Host Communities

Published

2 weeks ago

March 30, 2026

The Tide

The Ijaw Youth Council (IYC) Worldwide has raised concerns over the continued exclusion of host communities from the governance of oil resources, urging Niger Delta governors to take decisive steps by bidding for oil blocs and marginal fields.

The council warned that failure to act would allow external interests to continue dominating the region’s oil assets, despite their location within host communities.

Secretary-General of the council, Maobuye Nangi-Obu, started this at the stakeholders’ meeting organised by the Pipeline Infrastructure Nigeria Limited , with participants drawn from Rivers, Abia and Imo States, in Port Harcourt, recently.

“It is time for state governments in the Niger Delta, especially Rivers State, to form oil companies that can bid for marginal fields within their territories”, he said.

Nangi-Obu expressed concern over the reported listing of about 25 marginal oil fields for allocation, noting that many were located in host communities but allegedly being assigned to non-indigenes.

In his words “They sit in Abuja and decide what happens in our region, yet we are not part of the oil governance of our own resources”.

He explained that marginal fields, though considered uneconomical by major oil firms, remain viable for indigenous operators, adding that their allocation had continued to fuel grievances in the Niger Delta.

The IYC scribe also warned of the implications of directional drilling, describing it as a growing threat to host communities.

“There could be oil wells in your community, and somebody elsewhere could be drilling that oil without your knowledge,” he cautioned.

On environmental concerns, Nangi-Obu condemned the persistent gas flaring in the region, blaming both international and local operators for failing to invest in gas processing infrastructure.

He, however, commended Pipeline Infrastructure Nigeria Limited for its engagement with host communities.

“Pipeline Infrastructure Nigeria Limited is doing the right thing by engaging stakeholders. Not all companies are doing what they are doing,” he stated.

Traditional rulers at the meeting, further acknowledged improvements linked to the company’s activities in their areas.

The Eze Ekpeye-Logbo, King Kevin Anugwo, represented by Dr Patricia Ogbonnaya, noted that “aquatic life that disappeared due to pollution is gradually returning,” attributing the development to improved environmental conditions.

Similarly, Chairman of the K-Dere Council of Chiefs, Chief Batom Mitee, said, “There is now peace in our community,” stressing, increased oil production must translate into tangible benefits for host communities.

By: King Onunwor