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October 4, 2022                                                       
 ISSUE 242

NEWS WITHIN OUR SHORES

FG calls for more investments as 0.05mpd Ikike oil field opens
By: Vanguard Newspaper

The Minister of State, Petroleum Resources, Chief Timipre Sylva, has urged oil companies operating in Nigeria to increase investments in the industry to boost oil and gas production.

Sylva said it is through such collaboration with the private sector that Nigeria can meet the growing energy needs of the populace.

“We want to encourage other operators, be it indigenous oil companies or international oil companies, to emulate TotalEnergies in partnering with Nigeria to achieve a just energy transition and liberate us from energy poverty,” Sylva said.

Sylva who spoke at the commencement of operation of the TotalEnergies’ Ikike Oil Field.

The field has a production capacity of 50,000 barrels per day.


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Nigeria to award flared gas contracts by end of 2022
By: Al Jazeera

Nigeria will award contracts for its flared gas by the end of December under an accelerated programme to harness gas that is released as a byproduct of oil production, its petroleum regulator has said.

President Muhammadu Buhari first launched the programme to auction rights to capture and sell flared gas in 2016. Four years later, the government approved 200 bidders but the process was stalled due to the outbreak of the coronavirus pandemic.

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On Sunday, Nigerian Upstream Petroleum Regulatory Commission chief executive Gbenga Komolafe said the auction was being restarted and would be open to previous applicants and new bidders.

“The auction process has been streamlined to enable an accelerated delivery schedule for this exercise with the announcement of winners planned for December 2022,” Komolafe said in a statement.


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OUR VISION

To deliver exemplary transshipment operations, procurement and charter services "on time" and "on budget" according to global safety and quality standards.

In First Major Deal, NNPCL Acquires Downstream Assets of OVH Energy, Emerges Company with Highest Retail Petrol Stations in Africa
By: ThisDay

In a landmark deal, the Nigerian National Petroleum Company Limited (NNPCL) has acquired OVH Energy Marketing (OVH) Limited, a major downstream player in the Nigerian oil and gas industry.

The Group Chief Executive Officer (GCEO) of NNPCL, Mallam Mele Kyari, announced the acquisition yesterday at an event held in Abuja.
OVH is the owner and operator of the Oando- branded retail service stations across the country.

With this acquisition, tagged by the NNPCL as ‘Acquisition for Growth’, OVH Energy’s Oando- branded retail service stations will be rebranded into the NNPC brand and merged with NNPC Retail Limited with full integration scheduled to take place by the end of 2023.


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Nigerian govt planning to reopen 180,000 bpd Trans-Niger pipeline
By: Premium Times

The Nigerian government on Sunday announced it is set to reopen the Trans Niger Pipeline, the nation’s major liquid hydrocarbon delivery channel, which has been under force majeure for over six months.

The Group General Manager of National Petroleum Investment Management Services (NAPIMS), Bala Wunti, said this on on Sunday.

The Trans-Niger Pipeline, a major pipeline capable of transporting about 180,000 barrels of crude per day to the Bonny Export Terminal, stopped transporting the product in mid-June due to theft, its operator, Shell, said.

The pipeline, according to Shell, is part of the gas liquids evacuation infrastructure, critical for continued domestic power generation and liquefied gas exports.


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FOREIGN WATCH

Anger as Biden administration approves Jones Act waiver for Puerto Rico
By: Ships & Ports

The American Maritime Partnership (AMP), representing most of the U.S. domestic maritime industry including ship operators, mariners, shipyards, and pro-defense organizations, has sent a scathing letter to Department of Homeland Security Secretary Alejandro Mayorkas expressing the organisation’s disappointment over his decision to issue a Jones Act waiver in Puerto Rico.

In the letter, AMP president, Ku’uhaku Park stated that not only is the waiver unnecessary and “unlawful”, but granting it sets “the worst possible precedent” that will lead to a rash of new waiver requests from foreign companies looking to exploit humanitarian crises “to enrich themselves.”

Secretary Mayorkas issued a statement Wednesday announcing he has approved a “temporary and targeted” Jones Act waiver for Puerto Rico “to ensure that the people of Puerto Rico have sufficient diesel” as the island recovers from Hurricane Fiona, despite reports from both federal agencies and officials that there are no diesel fuel shortages in Puerto Rico — only distribution issues.


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Alexis Kohler

French President Macron’s Chief of Staff indicted over MSC links
By: Ships & Ports
French President Emmanuel Macron’s Chief of Staff has been indicted by the national financial crimes prosecutor over a conflict of interest relating to his alleged links with Swiss-Italian shipping company MSC, the prosecutor’s office said.

Alexis Kohler, Macron’s closest and most influential adviser, sits at the top of the Elysee Palace’s administrative pyramid, and news of his indictment – a legal step that puts him under formal investigation in France – is a blow.

The prosecutor’s office said Alexis Kohler, currently the Secretary-General of the French presidency, “has been put under formal investigation for unlawful taking of interest”.

Le Figaro newspaper said Macron had decided to keep Kohler in the job despite the investigation. Macron’s office has said before that Kohler had at no time hidden his family ties to the Aponte family that founded and still owns MSC.

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