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Buhari Appoints Acting Alternate Chairman of NNPC Governing Board

President Muhammadu Buhari has appointed Dr. Thomas M.A. John as Acting Alternate Chairman of the NNPC Governing Board.

Dr. John, a former Group Managing Director of the NNPC, is before the appointment, a member of the NNPC Governing Board.

He will hold the position of the Acting Alternate Chairman of the Governing Board until a new Minister of Petroleum Resources or Minister of State for Petroleum Resources is appointed to assume the Chairmanship or Alternate Chairmanship position, respectively in line with Sections 1(3) and 2(1) of the NNPC Act.

The new appointment takes effect, immediately.

Dr. Maikanti Kachalla Baru, FAEng, FNSE
Group Managing Director
Nigerian National Petroleum Corporation.
28th June, 2019.

PRESS STATEMENT -- APPOINTTEE

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The Nigerian Union of Petroleum and Natural Gas (NUPENG) has handed the Federal Government of Nigeria 21 days to halt the mass sack of its members by major oil companies or face mass action.

NUPENG made the disclosure in a communique issued by its Central Working Committee during a meeting in Warri, Delta state.

The union, in the communique read by its President Igwe Achese, said:

“NUPENG will take all necessary action to drive home its demands if FG failed to act in 21 days. We are 100% in support against anti-corruption, but there must be respite for Nigerians.
“Right now, our members and even those in other sectors are no longer able to pay school fees for their children and even afford rents. Worse still, those being sacked now are so treated without commitment to proper terminal benefits.”

It was also noted that due to the current economic recession oil majors and servicing companies are closing shops leading to over 3,000 lost jobs.

NUPENG Hands FG 21-Day Ultimatum

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The Nigerian Union of Petroleum and Natural Gas (NUPENG) has handed the Federal Government of Nigeria 21 days to halt the mass sack of its members by major oil companies or face mass action.

NUPENG made the disclosure in a communique issued by its Central Working Committee during a meeting in Warri, Delta state.

The union, in the communique read by its President Igwe Achese, said:

“NUPENG will take all necessary action to drive home its demands if FG failed to act in 21 days. We are 100% in support against anti-corruption, but there must be respite for Nigerians.
“Right now, our members and even those in other sectors are no longer able to pay school fees for their children and even afford rents. Worse still, those being sacked now are so treated without commitment to proper terminal benefits.”

It was also noted that due to the current economic recession oil majors and servicing companies are closing shops leading to over 3,000 lost jobs.

A trunk line carrying crude oil in the Goi community in Ogoniland area of Rivers State became engulfed in dark plums of smoke and flames on Monday morning after a massive explosion. The trunk line belongs to the Shell Petroleum Development Company.

Breaking: Explosion Rocks Shell, See Photos..

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Nigeria and African richest business mogul, Aliko Dangote has urged the federal government to sell off the Nigerian Liquified Natural Gas company, NLNG as well as other dormant but huge capital-generating sectors and invest the proceeds back into the economy to bring Nigeria out of its current recession before the end of fourt quarter.

In an interview with CNBC Africa, the billionaire said:

“The only way for us to get out of this recession is to make sure we move into action quickly; action by diversifying the economy quickly.

“If I had challenges in my company, I would not hesitate to sell assets, to remain afloat, to get to the better times, because it doesn’t make any sense for me to keep any assets and then suffocate the whole organisation.

“What we need to do now in my own thinking… we have a lot of assets to sell. We can sell part of the joint venture; part of the shares. You know government normally owns 60 percent. “We can sell in an open tender be it Chinese. We can change the term and make it an operating one, just like what we have in NLNG. We also have another asset I think we don’t really need.
“The African finance corporation; it can fetch them $800million easily. My own suggestion before was that they should even sell 100 percent of NLNG.
I don’t think government should be in any business of investing in sectors of LNG.

“A company like that, with earnings of $1.5 billion on the average, they should get anywhere between $12 billion and $15 billion.”

Dangote suggested investing the proceeds back into the economy to boost development. “You will not believe that the crisis that we have today, if we have $15 billion, adding it to our $25 billion, that is $40 billion reserves. That will give confidence, confidence will come back, then government will back it up with proper economic policy, where people can see the roadmap.

“Latest by fourth quarter we will be out of recession. It should be a partnership between government and private sector. We have all the answers, Nigeria falling into recession does not really scare me, if we take action.
The businessman said if the government boosts reserves as suggested, the naira may fall to 250 to the dollar and help the economy.

“Once we can sell assets, and put $15 billion together, you’d be very shocked at how much the dollar will actually drop, you can easily see 250.

What is happening today is mere speculation. “To currency, everybody will speculate, banks will speculate, companies will speculate, individuals will speculate, because if you have money you want to send in from abroad you will keep sending in trickles. “If you know that CBN has $40 billion in reserves today, if you have $100,000, you might even sell it forward because you know that this rate is going to crash and you must quickly sell it.”

Sell off NLNG, invest proceed and we’ll be out of recession, Dangote tells Buhari

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“A company like that, with earnings of $1.5 billion on the average, they should get anywhere between $12 billion and $15 billion.”

Oil prices rose over the week thanks to a slump in US crude stockpiles, a softer dollar and hopes of a OPEC-Russia deal to tackle a supply glut.
But they fell heavily Friday on profit-taking, losing nearly all of the previous session’s sizeable gains.

Both main contracts had soared more than two dollars Thursday and Brent briefly went above $50 a barrel after the US Department of Energy said the country’s commercial crude inventories slumped by 14.5 million barrels, the sharpest weekly drop in 17 years.

But with analysts not expecting a repeat for this week, prices slid back on Friday. They said the decline was attributed to the suspension of imports and shutdown of some production owing to Hurricane Hermine, which passed through the Gulf of Mexico in late August.

“The reason behind the enormous drawdown is transitory, and does not influence the demand-supply situation of the oil market,” said IG market strategist Bernard Aw.

“One week’s worth of data does not make a trend.”

By 1615 GMT, US benchmark West Texas Intermediate for delivery in October has slid $1.41 to $46.21 a barrel compared with the close on Thursday.

Brent North Sea crude for November delivery tumbled $1.64 to $48.35 a barrel.
– OPEC-Russia spotlight –

The market has been fixated in recent weeks by an upcoming meeting of OPEC and non-cartel member Russia to discuss ways of tackling a global supply glut that has hampered prices for more than two years.

Overproduction in the markets resulted in crude prices striking near 13-year lows below $30 at the start of 2016.

While officials from Russia and OPEC kingpin Saudi Arabia have sought to soothe concerns ahead of this month’s gathering in Algiers, experts are sceptical whether an agreement can be reached.

A previous attempt at a production cap in April was derailed by Iran, which refused to join in talks as it ramps up output after the lifting in January of years of nuclear-linked sanctions.

“Of course both Russia and Saudi Arabia would have liked to have a higher oil price than the current $50,” said Bjarne Schieldrop, chief commodities analyst at SEB Markets.

“Over the past week they have talked about stabilising the market. But what do they really mean because the oil market is today in many ways actually fairly balanced.

“Supply is more or less equal to demand and annualised price volatility is right on to what it normally has been historically of about 35 percent.”

Schieldrop said the market was in fact moving away from a supply glut situation, with inventories expected to fall next year and beyond.

“What is however highly abnormal and thus imbalanced is the current very low level in upstream oil investments,” he noted.

Oil won support this week also as the dollar lost ground following news of sagging services sector activity in the US economy last month — a surprise slowdown that diminished expectations of an interest rate hike by the Federal Reserve this month.

A weaker greenback makes dollar-denominated crude cheaper for users of other currencies.

AFP

Oil Prices Rise Over Week Despite Late Slide

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“One week’s worth of data does not make a trend.”

“Of course both Russia and Saudi Arabia would have liked to have a higher oil price than the current $50,” said Bjarne Schieldrop, chief commodities analyst at SEB Markets.

Dailynews9ja is reporting that Nigeria has hit pay dirt with the discovery of a rare mineral resource in the northern part of the country.
According to reports it published on Monday, August 29, the online medium quoted The Australian, an Australian national news daily as saying that a private mining syndicate headed by a mining industry veteran, Hugh Morgan made the discovery at Dangoma in the north-west state of Kaduna.

“The discovery is unusual because the nickel is found in small balls up to 3mm in diameter of a high purity in shallow soils in what could be the surface expression of a much bigger hard-rock nickel field.

“The nickel balls, rumoured to grade better than 90 per cent nickel and thought to be a world first given their widespread distribution, offer the potential for early cashflow from a simple and low-cost screening operation to fund a full assessment of the find that has exploration circles buzzing,”
the newspaper was quoted as reporting.

Morgan also said that he expects the federal government of Nigeria to make an official announcement but reports that Olayinka Oyebode, chief press secretary of minister of solid minerals development, Kayode Fayemi, said he had no details of the discovery.

Oyebode however confirmed that Fayemi is scheduled to be in Australia next week as one of the speakers at a three-day Africa Down Under mining conference at Perth’s Pan Pacific Hotel, Australia. “I know there is a mining conference coming up in Australia where the Honourable Minister is supposed to make a presentation. “But I don’t have an advance knowledge of what he’s going to talk about but, generally speaking, he’s going to market Nigeria,” Oyebode was quoted as saying on Monday, August 29.

Goodbye To Oil? Nigeria Hits BIG Money In Freshly Discovered Mineral Resource

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Oyebode however confirmed that Fayemi is scheduled to be in Australia next week as one of the speakers at a three-day Africa Down Under mining conference at Perth’s Pan Pacific Hotel, Australia. “I know there is a mining conference coming up in Australia where the Honourable Minister is supposed to make a presentation. “But I don’t have an advance knowledge of what he’s going to talk about but, generally speaking, he’s going to market Nigeria,” Oyebode was quoted as saying on Monday, August 29.

Shell Nigeria, Operator of NNPC, Chevron has roll up a vocational training for the people of Ogoni Land.
The application is opened for the 4 local governments that made up Ogoni. This local governments are Gokana, Khana, Tail And Eleme.

The participant is expected to possess a minimum educational qualification from HND or BSC to qualify you to apply.

ShellLiveWIRE Nigeria is a youth enterprise development programme supported by The Shell Petroleum Development Company of Nigeria Limited (SPDC).
Go to www.livewirenigeria.org and register if you are from Gokana,Khana, Tai and Eleme Local Government of Ogoni. Cheers and share.

Shell LiveWire Nigeria: Grap You Chance Of Being Part Of Shell Training Programme.

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The Concerned Militant Leaders (CML), another Niger Delta militant group, captured a vessel with Liberian flag along Bakassi Peninsula of Nigerian waterways, Dailynews9ja.
This comes as the group revealed that the next target for attack would be Frontier Oil in Eket, Akwa Ibom state. The ship was heading to the Nigeria Liquefied Natural Gas (NLNG), Bonny, Rivers state before it was seized by the group.

General Ben, the spokesperson of the CML, revealed that they seized the ship as part of their grievances against the government of President Muhammadu Buhari and to cripple the economy. In a statement issued on July 20, Wednesday, Mr. Ben said they were yet to ascertain the number of crewmembers onboard the ship, continuing that they had every other information about the ship.

He said: “The vessel has the following details (excluding crew onboard), MMSI: 636015354; IMO: 9113551; gross tonnage: 25,202; Country Flag, Liberia; Crude oil tanker and Pilot, Captain Marcus.” The CML ruled out any plan to negotiate with the Nigeria’s authorities anywhere, unless it is around the Atlantic Ocean, which is their area of control.

The spokesman noted that the group had not decided what to do with the vessel and crewmembers now, but would inform the government of their intention before Wednesday, July 27. He cautioned that no militant group should negotiate with the government until it addressed the agitations of the Niger Delta agitators, especially the release of the leader of the Indigenous People of Biafra, Nnamdi Kanu, which CML, in particular, is concerned about. “This is the worst government we have had since this democratic dispensation. People are suffering and dying due to hardship and government does not want to listen to the grievances of our people.

“There is no time again for negotiation with any government, and no group, even the Niger Delta Avengers (NDA) should not do that. Government should wait for us and expect more pipeline attack,” the group added. Renewed attacks by new militant groups in Nigeria’s oil-rich Niger Delta region since early this year have reduced Nigeria’s oil production to a 22-year low. Some experts believe that if President Buhari sticks to his sledge hammer approach, the violence will escalate and the target and tactics of militants may change as well, with dire cascading economic and security consequences for the country.

Niger Delta militants seize Liberian vessel

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He said: “The vessel has the following details (excluding crew onboard), MMSI: 636015354; IMO: 9113551; gross tonnage: 25,202; Country Flag, Liberia; Crude oil tanker and Pilot, Captain Marcus.” The CML ruled out any plan to negotiate with the Nigeria’s authorities anywhere, unless it is around the Atlantic Ocean, which is their area of control.

“There is no time again for negotiation with any government, and no group, even the Niger Delta Avengers (NDA) should not do that. Government should wait for us and expect more pipeline attack,” the group added. Renewed attacks by new militant groups in Nigeria’s oil-rich Niger Delta region since early this year have reduced Nigeria’s oil production to a 22-year low. Some experts believe that if President Buhari sticks to his sledge hammer approach, the violence will escalate and the target and tactics of militants may change as well, with dire cascading economic and security consequences for the country.

Contrary to the claim by the Chairman of the Senate Committee on Business and Rules, Senator Ita Enang, last week that 83 per cent of oil blocks in the country are owned by northerners, investigations have revealed that 88 per cent of the oil blocks are owned by multinational oil companies.

Contrary to the claim by the Chairman of the Senate Committee on Business and Rules, Senator Ita Enang, last week that 83 per cent of oil blocks in the country are owned by northerners, investigations by THISDAY have revealed that 88 per cent of the oil blocks are owned by multinational oil companies.

On the other hand, indigenous oil operators or Nigerian companies control only about 11 per cent, confirming the assertion by human rights lawyer, Femi Falana, last week that oil majors control and manage the lion’s share of the Nigerian oil and gas industry.

THISDAY had also pointedly observed that Enang’s allegation referred to only indigenous oil operations, not total oil output in the country.
Investigations also revealed that even among indigenous oil operators, northern shareholders/directors do not account/own 83 per cent of local oil output, as Enang’s list left out several oil blocks that had been awarded over the years to Nigerian companies and failed to include oil concessions awarded from 1999 to date.

A breakdown of oil leases granted operators showed that the total number of Oil Mining Leases (OMLs) in operation by December ending 2012 was 109, while Oil Prospecting Leases (OPLs) stood at 92.

The Federal Government had in 2012 set a production target of 2.48 million barrels per day (mbpd), of which 1.5 million barrels of oil per day (mbpd) were expected from the onshore and shallower water terrain, while deepwater concessions accounted for 900,800 bpd, which are currently controlled by the multinational companies.

Of the 2.48 mbpd produced last year, the entire production by indigenous companies totalled 276,000 bpd, accounting for about 11 per cent of Nigeria’s production.

Among the IOCs, Shell Petroleum Development Company (SPDC) produced 605,539 bpd, Mobil Producing Nigeria Unlimited (Exxon Mobil) - 528,000 bpd, Chevron Nigeria - 489,999 bpd, Total Elf - 400,134 bpd, Agip – 98,284 bpd; and Addax - 90,489 bpd respectively.

In comparison, local oil companies led by the Nigerian Petroleum Development Company (NPDC), the exploration and production arm of the NNPC produced 125,828 bpd in 2012, Seplat Petroleum - 40,033 bpd, Pan Ocean - 7,387 bpd, while others described as independent marginals produced 102,797bpd.

A detailed breakdown of indigenous concessions and their directors/shareholders are shown in the table below:

Indigenous Operators

S/No

Name of Operator

LicenCe

Year of Award

Names of Directors/shareholders

1

Alfred James Petroleum

OPL 302

1991

Adewunmi Sijuade, Goke Sijuade, Adedeji Sijuade, Olayinka Sijude, Adeyemi Osiyemi and Femisola Awosika, with A.O Adeyinka as Chairman

2

Soglas Nigeria Limited

OPL 226

1991

Oscar P. Udoji, P.E Udoji, E.E. Nwosu, with J.O. Udoji as Chairman

3

NorthEast Petroleum

OPL 215, 840 &902

1991

Kommer Complex Limited, Nwokema Ngozi Mbu, Abubakar Jubril and Ashiru B. Aliu, A. Ayankoya with Saleh Jambo as Chairman

4

Optimum Petroleum

OPL 310

1992

R.D. Adelu, Yusuf N'jie and O.A. Aremu with Ibrahim Bunu as Chairman

5

Sunlink Petroleum

OPL 238 & OPL 311

1993

Olaniyi Olumide, Hayford Alile, Samuel Bolarinde, Richard Adelu, Martins Olisa, John Brunner and Emmanuel Ojei

6

Express Petroleum

OPL 108 & 227

1995

Ahmade Rufai, Tajudeen Dantata, Dalhatu Gwarzo, Lawan Omar with Aminu Alhassan Dantata as Chairman

7

Dubril Oil Co. Nigeria

OPL 96

1987

B.N. Itsueli, C.A. Itsueli, O.O. Itsueli, A.E. Ihuegbu with U.J. Itsueli as Chairman.

8

Amni Int. Petroleum

OPL 112 &117

1998 &1999

E.C Edozien, Tunde Afolabi with Sanni Bello as Chairman

9

Atlas Petroleum Int. Nig Ltd

OPL 109

1996

Umaru Ndanusa, Ikechukwu Joseph, Mohammadu Murtala with Arthur Eze as Chairman

10

Consolidated Oil

OPL 103, 458, 136

1993, 1998 &2006

O. Adenuga and Ebi Omatsola with Mike Adenuga as Chairman

11

Oriental Energy Resources

OPL 115

1999

Usman Danburan, Jibril Mohammed Indimi with Senior Mohammed Indimi as Chairman

12

Cavendish Petroleum Nig. Ltd

OPL 110

1996

Gambo Gubio with Mai Deribe as Chairman

13

Allied Energy Resources Nig. Ltd

OPL 120 & 121

2001

Mickey Lawal as Director with Kase Lawal as Chairman

14

Peak Petroleum

OPL 122

2001

Adekunle Olumide, W. Bolaji, Florence D. Oluokun and Ayodeji Oluokun with M.A. Oluokun as Chairman

15

Summit Oil Nig. Limited

OPL 205 and 206

1990

L.K.O Abiola, Radio Communications Nig. Ltd with M.K.O Abiola as Chairman

16

Crownwell Petroleum Ltd

OPL 305 AND 306

1993

S.K Adejumo with Sair Kuashi as Chairman

17

Famfa Oil Ltd

OPL 216 (OML 127)

1993

Folorunso Alakija wit Modupe Alakija as Chairman

18

MoniPulo

OPL 114, 239, 234, 231

1999, 2008, 2008, 2007

F.A. Agama with O.B. Lulu Briggs as Chairman

19

Yinka Folawiyo Pet. Company

OPL 113

1998

S.T. Folawiyo, T.B Folawiyo with W.I Folawiyo as Chairman

20

Zebbra Energy Limited

OPL 248

2004

S.A. Oloko, Boni Madubunyi, Zimako O. Zimako with A.B.C. Orjiako as Chairman

21

Oil and Gas Limited

OPL 249 and 140

2003, 2006

M.O. I drisu with Reggie Uduhim as Chairman

22

Continental Oil and Gas Limited

OPL 59

1998

Agbolade Paddy, Subair Shefiu with Mike Adenuga as Chairman

23

Emerald Energy Resources

OML 141

2001

J.O. Amaefule, P.L. Caldwell, A.C. Uzoigwe, Amos NUR, C.N. Chieri, Femi Akingbe, F.A. Njoku with Emmanuel Egbogah as Chairman

24

Oranto Petr. Limited

OPL 320

2002

Arthur Eze as Chairman

25

Dajo Oil Limited

OPL 320

2004

R.B. Domingo, M.O. Domingo, U.R. Domingo with Domingo Obande as Chairman

26

Malabu

OPL 245

Dan Etete as Chairman

27

Orient Energy

OPL 915, 916

N. Nwawka with Emeka Anyaoku as Chairman

28

Sahara Energy Exploration

OPL 284, 228, 332

2005, 2006

Buba Lawal, Cole Tonye, Odunsi Ade as Diectors

29

Enageed Resources Limited

OPL 274

2007

Buba Lawal, Cole Tonye, Odunsi Ade as Diectors

30

Seplat

OPL 4, 38, 41

2010

A.B.C. Orjiako and Austin Avuru

31

Ekcrest E & P Limited

OPL 40

2012

Emeka Offor as Chairman

32

First Hydrocarbon

OPL 26

2011

O.A Azazi as Chairman

33

Neconde

OPL 42

2011

Amesi Azudialu, John Umeh, Nnenna Obijesi

34

Niger Delta Western

OPL 34

2012

Olayiwola Fatona, David Richards, P.O. Balogun, T. Omisore

35

Transcorp

OPL 281

2011

Jim Ovia, Tony Elumelu, Femi Otedola, Funso Lawal, Jacob Ajekigbe, Tony Ezenna, Ndi Onyiuke Okereke, Fola Adeola and Nicholas Okoye

36

Starcrest, Cross River Energy & NPDC

OPL 242

2011

Emeka Offor, Chris Garuba

37

Starcrest

OPL 291

Emeka Offor, Gidado Idris, Yzoni Yaw

38

South Atlantic (SAPETRO)

OPL 264 (130)

1998

Miguel Guerrero, Joy Ikiebe, Guerrrero, with T.Y. Danjuma as Chairman

39

Oando

OPL 278, 236

2005, 2006

Magoro, J.A. Tinubu, O. Boyo, M.O. Osunsanya, O. Adeyemo, O. Akpata, Oba Gbadebo, A. Peppe and Appiah Korang

40

Ashbert

OPL 325

Albert Esiri, Ifeoma Esiri

41

Oil World

OPL 241

2007

Gbenga Olawapo, Adekunle Akintola, Ibukun Olawepo, Rachael Akintola

42

Pan Ocean

OPL 98, 275

1976, 2007

F.A. Fadeyi, M.D. Yuduf, S.D. Adeniyi

43

Cleanwater Consortium

OPL 289

2007

Arumeni-Ikhide Joseph, Okey Nzenwa, Abu Ibrahim

44

Afren Global Resources

OPL 907, 917

2005, 2008

Rilwan Lukman, Osmah Shahenshah, Evert Jan Mulder, Peter Bingham, Guy Pass, Bet Cooper, Constantine, Egbert Imomoh

45

Centrica/CCC/All Bright Consortium

OPL 276, 283

2005, 2006

Jake Mirica, John Sheers

46

Gas Transmission & Power Ltd

OPL 905

2005

Ahmed Joda, Babangida Hassan Katsina, Makoji Aduku, Abubakar Joda

47

Global Energy Company Limited

OPL 135

2005, 2010

S.A. Onabiyi, M.A. Koshoni, T.T. Anyansho, J.N. Obiago

48

New Nig. Devt. Company

OPL 733,809, 810,722

Northern State governors

49

Tenoil Petroleum Energy Services

OPL 2008

2007

Jim Ovia, Tony Elumelu, Femi Otedola, Funso Lawal, Jacob Ajekigbe, Tony Ezenna, Ndi Onyiuke Okereke, Fola Adeola, Nicholas Okoye, with Elumelu as Chairman

Marginal Fields Operators

S/No

Name of Company

Licence

Year of Award

Names of Directors/Shareholders

1

Niger Delta Company

Ogbele (OML 54)

1999

Aret Adams, Uduimo Itsueli, Sammy Olagbaju, David Richard, Udi Ibru and Fatona Layi

2

Prime Petr. Ltd & Suffolk Petr

Asaramaroru (OML 11)

2003

MacPepple Henry, Macpepple Joy, Macpepple Emmanuel, Macpepple Elfrida and Macpepple Victoria

3

Oriental Energy

Owok (OML 67), Ebok

2006, 2007

Alhaji Indimi, Usman Danburran

4

Universal Energy

Stubb Creek Field (OML 13/14

2003

Amana Nkoyo, Mianaekere Nelson, Abubakar Hayatou, Mboho Emmanuel, Ekpo Akpan, Inyang Etim (Akwa Ibom Govt)

5

Eurafric Energy Limited

Dawes Island (OML 54)

2003

Onoh Anthony, Onoh Christiana, Onoh Ngozi, George Udoekong, Nwauche Eastus

6

Pillar Oil Limited

Umusati/Igbuku (OML 56)

2003

Onosode G.O, Fadahunsi O, Amakiri J., Hassan-Katsina Usman, Tonwe Basife, Obaseki Godwin, Akoyomare Ambrose, Fisher Abayomi, Anaekwena Anthony, Avuru Spencer, Onosode Spencer, Hassan-Babangida

7

Bayelsa Oil Company

Atala (OML 46)

Bayelsa Govt, Brigidi David, Alamieyesheiga Anitonbrapa, Ifimain Ekine, Jonathan Selereipre, Enddeley Francis, Chinwetelu Chris, Willians E.J., Aliyu Abubakar

8

Movideo E&P

Ekeh (OML 88)

Idau Sadiq, Jacobs Kayode, Enahoro Victor, Mohammed Aishatu, Tugger Yusuf, Okwuaive Iyabo, Sadare Raymond

9

Bicta Energy

Ogedeh (OML 90)

Adesemowo G.A, Bashir MM, Onumodu Soye, Akinro C.A, Malberbe T. Unejei T

10

Guarantee Petrr & Owena Oil

Ororo (OML 95)

Rufus Giwa, Ayodele Johnson, Fayose Abiodun, Unuigbe Odion, Omobomi Samuel, Rotimi Luyi, Adefarati Tunde, Duyie Korede, Ojo Segun, Ogedengbe Dele, Aidi Abass, Adegbonmire Wunmi, Amoye Mofisco, Ebiseni Sola, Oladunni Solomon, Agoi-George Segun, Akinruntan F.E, Hassan AlGazali, Eburajolo Victor, S.A. Ajayi

11

Platform Petroleum Limited

Egboma (OML 38)

Edmund Daukoru, Avuru Austin, Amachi Moshe, Adegoke Oluwafeyisola, Addo-Bayero Nasir, Ewendu Chidi

12

Sogenal Ltd

Akepo (OML 90)

Funso Lawal, Joda Abubakar, Harriman Hope, Odu Bunmi, Edohoeket Samuel, Yahaya Mohammed, Dada Nicholas, Yellowe Kenneth

13

Chorus Energy

Amoji (OML 56)

Akerele Chris, Mamman Samaila, Ihetu G.S. Braide Kombo, Banks Nigel, Clubb James, Uhuegbulem Ben, Baba Gana Abba

14

Millennium Oil and Gas

Oza (OML 11)

Ali Chris, Maseli John, Karrs Sastry, Shama Yogi, Igweze Emeka, Bashir Farouk

15

Brittania U-Nigeria

Ajapa (OML 90)

Ifejika Uju, Ifejika Emmanuel, Omu Paul, Otiji Igwe, Ikpeme Ita, Cardoso Tokie, Okonkwo Annie, Inua Mogaji, Mbanefo Louis, Ombu AVM, Horsfall A.K., Ukpong Uche, Ogoro Emomena, Ifejika E.I, Umar Alhaji, Ikpele A.O

16

Network E & P

Qua Iboe (OML 13)

Ajose Adeogun Ladi, Adesomoju Akin Alex -Duduyemi, Adewusi Adebowale, Ifode Yeletide, Gasau Ismaila Musa, John Etop, Olagbede Olufemi

17

Waltersmith Petroman & Morris Petr.

Ibigwe (OML 16)

Isa Abdulrasak, Saleh Danjuma, Utomvie Nyingi, Ita Princess, Okoli Ndubuisi, Kakpovie Anthony, Okpala Eugene, Idrisu Mammudu, Idrisu Lawal, Isokrari Ombo, Nzeakor Nick, Abdulsalami Abdul, Nwabudo Ignatius

18

Midwestern Oil & Gas & Suntrust Oil

Umsadege (OML 56 )

Igbokwe Ken, Afejuku Anthony, Daultry Akpeti, Sagoe Kweku-Mensah, Gambo Lawan, Oshevire William, Mordi Sylvanus, Maidoh Daniel, Fatayi-Williams Babatunde, Mohammed Waziri, Emerhor Otega, Dublin-Green Winston, Mohammed Abubakar, Oduah Stella, Okafor Ugo and Baba-Ahmed Mouftah

19

Independent Energy Limited

Ofa (OML 30)

Ikelionwu Emeka, Ohunmwangho Steve, Yar'Adua Murtala, Okudu Anthony, Bello Shamsudeen, Obaoye Michael, Monanuma

20

Del Sigma

KE (OML 55)

Amachree Sokeiprim, Ungbuku K.D., Bakut J.I, Chaff Kabiru

21

Associated Oil & Dansaki Petroleum

Tom Shot Bank (OML 14)

Machunga Laraba, Gwadah Bitus, Balat Isaiah, Uzor Azuka, Ibok Udo, Uzoechi Isaac, Kadiri Samuel, Afolabi Aderenlr, Yinka Aina

22

Frontier Oil Limited

Uquo (OML 13)

Dada Thomas, Lolomari Odoliyi, Kolade Victor, Yisa Solomon, Nwasikeobi, Alechenu Emmanuel, Bello Falalu

23

Energia Limited & Oando Prod. Devt Ltd

Ebendo/Obodeti (OML 56)

Horsfall A.U, Aribeana Stephen, Shawley Cooker, Bello Lawal, Ene Emeka, Afolabi Ade, Coker Sam, Esiri Albert, Dibiaezue Ifeoma, Hammad Charles, Macgregor Olushola, Oando

24

Goland Petroleum Devt. Company

Oriri (OML 88)

Kingsley Ngelale, Mogaji Gambo, Slako Johnson, Anthony Dotimi

25

Excel Exploration & Production

Eremor (OML 46)

Abiodun Awosika as shareholder

26

Sahara Energy & African Oil Ltd.

Tsekelewu (OML 40)

Baba Lawal, Cole Tonye, Odunsi Ade, Adeniji Titi, Akinla Ladipo, Bently John, Ciroma Musa, Odili Obi F., Du-Frayer

27

Green Energy International Ltd

Otakikpo

A.A. Olojede as shareholder

28

All Grace Energy

Ubima (OML 46)

Adeola Adenikinju, Sola Alab

Real Ownership Of Indigenous Oil Blocks Revealed

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Trouble in the Senate Yesterday as Senator Ita

Enang Reveal that Northerners own 80% of oil

blocks
Supporters of the Petroleum Industry Bill (PIB)
pushed their case further yesterday at the

Senate, with startling facts on the sector.
Senator Ita Enang (Akwa Ibom North East)
described the opposition to the 10 per cent
host community fund by mostly northern
senators as “misplaced”.
Enang, who is also the Chairman, Senate
Committee on Rules and Business, said that
those opposed to the fund should know that
over 83 per cent of oil blocks are owned by
northerners.
But he did not give the number of oil blocks
Nigeria has.
Senator David Mark, who seemed to have been
shocked by what Enang said, said the Akwa
Ibom lawmaker should not be distracted
(some senators were grumbling) because he
was making an important point.Mark asked
Enang whether he could substantiate his
claim.
Enang promptly pulled out a document from
his folder and reeled out oil blocs and their
owners.
He said he did not intend to divide the country
but to guide those who wanted to contribute to
the debate to be truly informed.
He listed northerners who own oil blocks to
include Alhaji Mai Deribe, Borno State and
owner of Cavendish Petroleum, which operates
OML 110 with an average of about N4billion
monthly.
He also listed Seplat/Platform Petroleum,
operators of the ASUOKPU/UMUTU Marginal
Field with Mallam (Prince) Sanusi Lamido,
Kano , as a major shareholder and director.
South Atlantic Petroleum Limited (SAPETRO)
established by General T. Y. Danjuma, Taraba
State , who is also chairman of Eni Nigeria
Limited.
SAPETRO partnered with Total Upstream
Nigeria Limited (TUPNI) and Brasoil Oil
Services Company Nigeria Limited to become
operators of the OPL 246.
AMNI International Petroleum and Development
Company is owned by Alhaji (Colonel) Sani
Bello of Kontangora , Niger State.
“They are operators of OML 112 and OML
117,” he said.
He said that a former Petroleum Minister and
former OPEC Chairman, Rilwanu Lukman,
another northerner manages AMNI oil blocks
“with very key interest in the NNPC/Vitol
trading deal.”
He said that Oriental Energy Resources
Limited, a company owned by Alhaji Indimi,
runs three oil blocks – OML 115, the Oldwok
field and the Ebok field.
He said that Alhaji Aminu Dantata’s Express
Petroleum and Gas Limited, operates OML
108.
Enang said that OML 113 allocated to Yinka
Folawiyo Petroleum Limited is owned by Alhaji
W.I. Folawiyo. Alhaji Saleh Mohammed Gambo,
North East Petroleum Limited, is the holder of
the OPL 215 Licence.
North East Petroleum was awarded blocs OPL
276 and OPL 283 and closing thereupon a
Joint Venture Agreement with Centrica
Resources Nigeria Limited and CCC Oil and
Gas.
He said that INTEL is owned by former Vice
President Atiku, the late Gen. Shehu Musa
Yar’Adua and Ado Bayero. It has substantial
stakes in Nigeria ’s oil exploration industry
both in Nigeria and Sao Tome and Principe .
He said that Mike Adenuga’s Conoil is the
oldest indigenous oil exploration company with
six blocks. OPL 291 was awarded to Starcrest
Energy Nigeria Limited, owned by Emeka Offor,
which was sold to Addax Petroleum.
Enang urged the Senate to cause the
immediate revocation of all oil blocks licences
and their redistribution, in accordance with the
Federal Character Principle.
He said: “My submission is that when you look
at the distribution of those who own oil blocks
and the amount of money that comes from the
different oil blocks to the Federation Account
and you see the owners of these oil blocks,
you will agree with me that there is inequity in
the distribution of oil blocks.
“The oil is produced in the Niger Delta yet it is
the people of the Northeast and the Northwest
and a little of the Northcentral, almost nothing
of the Southwest and the Southeast, that are
the persons owning and controlling these oil
blocks.
“Almost nothing for the Southsouth, Niger
Delta oil producing areas.
“They are quarreling with the area that takes
just 13 per cent when you are producing the
entire 100 per cent, you give some to the
Federation Account and they give only 13 per
cent of what you give and, of course, it is
whatever you declared that you have
produced. It is actually produced by you.
“I did not want to introduce something that is
divisive.
“It is not intended to divide the country, it is
intended to say ‘look, let us be realistic’.
“What some of the oil wells and the owners of
the oil wells produce in a month and take as
profit is sometimes more than what two or
three states receive from the Federation
Account.”
Enang noted that “when a group of people are
richer than a state and then it is produced by
you, then there is so much opposition that
even the people who suffer the effect of the
oil production should not be give host
communities’ fund; and we have explained that
the host communities fund is not only for the
oil producing; it is for any of the communities
that hosts oil infrastructure, which includes oil
pipelines, refineries, gas pipelines and
anything that is capable of causing danger.”
“If we had the host communities fund, the
danger that we have been having in Arepo in
Ogun State, the area would have benefited
from the host communities fund.”
Enag said that other areas, such as Kaduna
and some other states, will benefit from it.
He went on: “If you are producing and
declaring only what you like and only the 10
per cent now being provided for the host
communities and the 13 per cent which is
after deducting everything, that cannot be in
the interest of the country.
“What I am asking now is that oil blocs in the
whole country should be revoked and
redistributed according to Federal Character
Principle.
“We are not saying that we in the Southsouth
should have all or the Southeast should have
all or the Southwest should have all.
“In fact, if there are 18 oil blocs or 36 oil
blocks, we don’t mind that you give us at least
four, Northeast four, Southeast four, Northwest
four.
“At least, let there be equity, but then there
should be the principle of who owns it and
then you give us more.
“But at this time, we don’t even have it. The 13
per cent is what we are even suffering to
sustain.”
Senator Olufemi Lanlehin (Oyo South) praised
the maturity of Senators in considering the
bill.
He urged the Senate to look at the “absolute
and sweeping powers” granted the President in
Section 191 of the bill.
The Section, he said, gives the President
absolute and unqualified powers to grant
petroleum licences to whoever he pleases.
Lanlehin prayed the Senate to use the
opportunity of the bill to design a template
that would grow the economy.
Senator Adegbenga Kaka (Ogun East) said he
was supporting the bill with mixed feelings.
He noted that the trend of the debate seemed
to indicate that senators were more concerned
about how to share the cake and not how to
bake it.
Kaka said the power granted the minister of
petroleum in the bill should be reconsidered
“so that we don’t give too much power to the
minister.”
The lawmaker who insisted that the bill should
be finetuned, said certain percentage of
earnings should be set aside to fix electricity,
agriculture and other infrastructure.
Senator Mohammed Goje (Gombe Central) said
before the debate, he was completely against
the bill.
He said the trend of the debate showed that
the Senate was poised to do justice to the bill
by removing offensive sections.
To him, it seems a consensus is being built
around certain sections of the bill.
He noted that most contributors agreed that
the power of the minister should be reduced,
such that the minister will just be like any
other minister.
Goje said: “We should not create a super
minister.”
He said that definite provision should be made
for frontier exploration, especially adequate
funding.
He opposed 10 per cent host community fund.
Senator Barnabas Gemade (Benue North East)
described the bill as very important and long
overdue.
Gemade said an adage says: “Wherever you
find oil, corruption creeps in and wherever you
find diamond war emerges.”
He said the adage had been proved to be true.
Gemade said the bill contained good and bad
provisions. He listed the good sections to
include development of the gas sector,
increase in promotion of local content and the
unbundling of the Nigeria National Petroleum
Corporation (NNPC).
The bad sections, he said, include the
minister’s economic power.
On the host community fund, Gemade said
efforts should be made to ensure that it does
not degenerate to very poor management of
resources as it is, according to him, in the
Niger Delta Development Commission, 13 per
cent derivation and others.
On the frontier exploration, he said more effort
should be geared towards discovering oil in
other places.
Senator Akin Odunsi ( Ogun West) described
the bill as the most important legislation
before the National Assembly.
Odunsi noted that the bill becomes even more
important when it is recognised that the
country runs a mono economy based on oil.
The lawmaker cautioned against undue
sentiment in the consideration of the bill.
He agreed that the bill was not perfect but
posited that it could be fine-tuned to engender
development.
Senator Abdulahi Adamu (Nasarawa West)
said he was giving the bill “a reserved
support”.
Adamu expressed worry about the absence of
transparency and accountability in the oil
sector.
He said the bill appears to contradict the
Constitution (as amended), especially when it
is recognised that oil and gas as well as other
minerals are in the Exclusive List and under
the control of the Federal Government.
The lawmaker cautioned about the unbundling
of the NNPC in order not to put up the
corporation for outright purchase by wealthy
Nigerians.
On the host community fund, Adamu said the
provision would create the fourth tier of
government.
To Senator Gbenga Ashafa (Lagos East), the
bill will be counter productive in its present
form. He demanded the definition of host
community.
Ashafa said pipelines burst at times not
because of vandalisation but because of the
integrity of the pipes.
Senator Ayogu Eze said his support for the bill
stemmed from the realization that the oil
sector should be reformed.
Eze highlighted issues of details in the bill,
which, he said, should be addressed at the
committee and public hearing levels.
It was obvious that most northern Senators
were not comfortable with what Enang said.

Trouble Looms The Semate House

Posted by Sylvester No comments

Trouble in the Senate Yesterday as Senator Ita

Enang Reveal that Northerners own 80% of oil

blocks
Supporters of the Petroleum Industry Bill (PIB)
pushed their case further yesterday at the

The Netherlands-based Royal Dutch Shell Plc on Monday said the economic contribution from Shell Petroleum Development Company of Nigeria Limited joint venture partners to the Federal Government was $42bn from 2011 to 2015.

The oil giant said it paid the sum of $4.95bn to the Nigerian government last year as production entitlement, taxes, royalties and fees.

Shell’s ‘Report on Payments to Governments for 2015’ showed that Nigeria received the biggest share of payments from the company out of 24 countries. It was followed by Malaysia, which received $4.41bn; Norway, $4.16bn; Philippines, $2.11bn, and Iraq, $1.36bn.

According to Shell, the Nigerian National Petroleum Corporation was paid $3.61bn for production entitlement, while the Department of Petroleum Resources was paid $378.5m and $200.6m for royalties and fees, respectively.

It said it paid $717.9m to the Federal Inland Revenue Service as taxes; $291,115 to the Federation Account with the Central Bank of Nigeria as fees; and $46.9m to the Niger Delta Development Commission as fees.

Shell, in its Sustainability Report 2015 released on Monday, said its share of royalties and corporate taxes paid to the Nigerian government in 2015 was $1.1bn (SPDC $0.6bn; and Shell Nigeria Exploration and Production Company, $0.5bn).

It said 93 per cent of contracts by Shell Companies in Nigeria were awarded to indigenous companies, with $0.9bn spent on local contracting and procurement.

It put the SPDC JV and SNEPCo contribution to the NDDC in 2015 at $145.1m, while $50.4m was spent directly by the SPDC JV and SNEPCo on social investment projects in the year.

The Chief Financial Officer, Royal Dutch Shell, Simon Henry, said by fulfilling the mandatory disclosures in line with the new United Kingdom legislative requirements, the firm had demonstrated that extraction of natural resources could lead to the opportunity of government revenue, economic growth and social development.

He, however, said the report excluded payments related to refining, natural gas liquefaction or gas-to-liquids activities as these were not in the scope of the UK regulations.

“Revenue transparency provides citizens with an important tool to hold their government representatives accountable and to advance good governance. Shell is committed to transparency as it builds trust,” Henry said.

Shell said the theft of the SPDC JV crude oil on the pipeline network amounted to around 25,000 barrels per day in 2015, adding that the reduction from around 37,000bopd in the previous year was partly due to continued surveillance efforts and implementing anti-theft protection mechanisms on key equipment.

It stated, “Since 2012, the SPDC has removed more than 850 illegal theft points. The number of sabotage-related spills in 2015 declined to 93 compared with 139 in 2014. This decrease was due to divestments in the Niger Delta and increased surveillance and security by the government of Nigeria.

“However, theft and sabotage are still the cause of around 85 per cent of spills from the SPDC JV operations.”

Shell Revieled: We Paid FG $42bn In Five Years

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“Revenue transparency provides citizens with an important tool to hold their government representatives accountable and to advance good governance. Shell is committed to transparency as it builds trust,” Henry said.

It stated, “Since 2012, the SPDC has removed more than 850 illegal theft points. The number of sabotage-related spills in 2015 declined to 93 compared with 139 in 2014. This decrease was due to divestments in the Niger Delta and increased surveillance and security by the government of Nigeria.

“However, theft and sabotage are still the cause of around 85 per cent of spills from the SPDC JV operations.”

The scarcity of Premium Motor Spirit (petrol) on Monday continued to take a toll on motorists who had to stay in queues for hours at the few filling stations selling the product in Lagos and Ogun states.
Our correspondent, however, gathered that loading at depots in Apapa had improved following the arrival of two more vessels, which conveyed about 50 million metric tonnes of petrol.
In Lagos, many filling stations did not sell the product on Monday, while black marketers had a field day as they sold the product for as much as N300 per litre.

Some filling stations belonging to independent marketers in parts of Lagos and Ogun states also cashed in on the situation by raising the price of the product, as they sold it for between N140 and N180 per litre.

A source, who is an official of an independent marketing outfit, told our correspondent in a telephone interview, “The level of loading is getting high and the third-party ex-depot price is reducing. It is N130 per litre today (Monday), from N140 to N150 in recent days.

“Supply is getting better. There are new vessels. Alexia came in with about 24 million metric tonnes, and there is one other vessel, with about 25 million metric tonnes. Alexia came in on Saturday and it is still discharging.

“We worked on Saturday and Sunday, and were able to load over 200 trucks; and today (Monday), we are still trucking out. In about two weeks’ time, the queues should have vanished if the supply is sustained.”

He, however, said the marketers were still complaining that the dollars they were promised would be made available to them for product importation had not been given to them.

The National Operation Controller, Independent Petroleum Marketers Association of Nigeria, Mr. Mike Osatuyi, said many of the members did not have petrol to sell.

“The supply problem is still there. We expect that when more vessels arrive, the situation will improve. The NNPC needs to do more to boost the supply of the product. With the major marketers now making efforts to import, the queues are expected to disappear in the coming weeks,” he explained.

The NNPC, had in a statement issued by its spokesperson, Mr. Garba-Deen Mohammed, assured Nigerians that it was doing all within its powers to make sure that the queues disappeared.

The PUNCH had on Sunday reported that about 228, 073 million metric tonnes of petrol would be delivered at the Lagos ports in the next five days, according to information obtained from the Daily Shipping Position on the website of the Nigerian Ports Authority.

Gas Scarcity:Loading Improves At Depots

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Less than a week after President Muhammadu Buhari vowed to deal with pipeline vandals and saboteurs frustrating his administration’s programmes and policies, a militant group in the Niger-Delta, which claimed responsibility for a major attack on a pipeline in the region, said it will carry out more strikes.
The group, the Niger Delta Avengers, said it carried out the attack on a Shell underwater pipeline in February which interrupted oil flows and forced the company to shut down its 250,000 barrel-a-day Forcados export terminal for weeks.
Daring the president, who urged those behind destruction of critical oil and gas assets to continue with their “madness” until he deals with them same way he dealt with Boko Haram, the militant group in a statement on Sunday and made available to Reuters, said it would not be cowed by Mr. Buhari’s threat to unleash the full strength of the Nigerian Armed Forces on vandals and saboteurs.

“We are not deterred by such threats as we are highly spirited and shall continue blowing up pipelines until the Niger Delta people are no longer marginalized by the Nigerian actors”, said the Niger Delta Avengers.

The oil-rich Niger-Delta, which contributes not less than 70 per cent of state income in Africa’s biggest economy, has been left devastated by years of neglect and environmental degradation due to activities of oil exploration and lack of political will to bring development to the area.
This has resulted in militants demanding a greater share of crude revenues to the area as well as agitations for resource control.
Unheard of before the Forcados attack, the Niger Delta Avengers say they want to ensure that local people enjoy a quality of life which reflects the region’s contribution to the national purse.
“We take no pleasure in claiming innocent lives hence our struggle is geared toward attacking the oil installations in our region and not the people. And we shall stop at nothing until our goal is achieved”, the group added in its statement.
(Reuters)

N/Delta Militant Group Dares Buhari, Vows Further Attacks On Oil Pipelines

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“We are not deterred by such threats as we are highly spirited and shall continue blowing up pipelines until the Niger Delta people are no longer marginalized by the Nigerian actors”, said the Niger Delta Avengers.

Description

Job Title: Assistant Engineer / Oiler

Description: Oiler / Assistant Engineer position available aboard a vessel located in the Chesapeake City, MD area. To fulfill MSRC’s emergency spill response mission, MSRC requires employees to be ready and available to report work within two (2) hours of notification. Work schedule is M-F 0700-1530 with the ability to be home nights and weekends. This is a dynamic opportunity for a motivated individual to become part of an oil spill response company with a competitive compensation package including great health benefits with an above average 401(k) savings plan.

Apply No

Stand engine room watches as required at sea and during maneuvering

Operate systems and equipment in accordance with procedures or as otherwise directed by the Chief Engineer

Be familiar with normal and emergency operating procedures for the steering gear, generators, bilge pump, and fire pump.

Become familiar with system and equipment emergency operating procedures

Assist with Preventive Maintenance, troubleshooting and repair, approved modifications, record keeping.

Conduct routine tests and inspections (i.e., lube oil testing, cooling water testing).

Compensation: TBD

To Apply:

Please visit www.msrc.org/careers/. Scroll down to the position, then click apply now.

Requirements

Qualifications: Must possess MMC with a rating of Oiler (minimum), Assistant Engineer preferred, STCW 95 and TWIC.

Locaton: Chesapeake City, MD

Recall: To fulfill MSRC’s emergency spill response mission, MSRC requires employees to be ready and available to report work within two (2) hours of notification.

Job Information
Location: Chesapeake City, Maryland, 21915, United States
Job ID: 15485295
Posted: February 16, 2016
Position Title: Oiler/Assistant Engineer - Chesapeake City, MD
Company Name: Marine Spill Response Corp. (MSRC)
Job Function: Entry-Level
Entry Level: No
Job Type: Full-Time

Oiler/Assistant Engineer - Chesapeake City, MD

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The independent maritime human rights charity Human Rights at Sea delivers the first in a series of new publications specifically focused on the implementation of the 2011 UN Guiding Principles on Business and Human Rights in the maritime environment.

Titled as:‘AN INTRODUCTION & COMMENTARY TO THE 2011 UN GUIDING PRINCIPLES ON BUSINESS AND HUMAN RIGHTS & THEIR IMPLEMENTATION IN THE MARITIME ENVIRONMENT’, the charity has worked with key stakeholders and human rights experts over a period of six months to provide a free and professionally produced publication in support of its Charitable Objectives expressly covering the topic.

The publication covers the background to the subject, the emerging need in the maritime environment, examples and case studies, as well as suggested self-help guidance for all maritime business enterprises and their senior management.

Reviewed by the team at the London-based Business and Human Rights Resource Centre,as well as the UN Global Compact (UK) and drafted alongside CLTenvirolaw, the new publication demonstrates the increasing need for the implementation of the UNGPs in the maritime environment for all maritime business enterprises as a matter of course, not as a matter of exception.

The Foreword has been written by Phil Bloomer, Executive Director of the Business and Human Rights Resource Centre,who says: “This Human Rights at Sea publication is a welcome and important contribution to raise awareness about human rights responsibilities of businesses among a sector that has been largely absent from most discussions around the UN Guiding Principles on Business and Human Rights.”

The Charity’s CEO, David Hammond, commented: “We are very grateful for all expert inputby key stakeholders contributing to yet another one of our expanding core publications. Unfortunately, to date,the subject matter has not received the kind of engagement with that one would expect from businessesoperating ethically and socially responsibly within the maritime supply chain. We therefore aim to drive change and we hope that leadership on this matter will start to be shown more widely by the shipping and fisheries industries. Meantime, our charity will continue to deliver relevant supporting guidance and free publications concerning human rights at sea that are well researched, objective and independently produced.”

Press Release

uman Rights At Sea Delivers New Publication On UN Guiding Principles

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BOURBON announces that the two crew members abducted on board the Bourbon Liberty 251 off the coast of Nigeria on February 23, have been released and are in good health.

This news comes as a great relief to all BOURBON employees, who share the joy of the families.

For obvious reasons of confidentiality, BOURBON shall not make any further comment.

Background:

The Bourbon Liberty 251, was the object of an attack off Nigeria on the 23rd of February 2016. Two crew members of Nigerian and Russian nationalities were abducted. No other injury to the ten other crew members on board the vessel was reported.

source: bourbonoffshore.com

Pirates Release 2 Crew Members Abducted On Board The Bourbon Liberty 251

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The Nigerian National Petroleum Corporation (NNPC) has said that Dr Ibe Kachikwu’s ‘sincere’ assessment of the fuel supply scenario was misinterpreted during a brief chat with State House Correspondents at the Presidential Villa Wednesday.

The Corporation in a statement decried the “misinterpretation” of an otherwise benign and sincere assessment of the fuel supply scenario by Dr. Kachikwu at the Presidential Villa after leading members of the National Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) to a meeting with Mr. President.

According to journalists at the state house, Kachikwu said despite the efforts being put in place by the Federal Government, fuel queues might not be completely eliminated until about two months. He said since he was not a magician, the queues could not be eliminated with a magic wand.

A statement signed by Garbadeen Muhammed, Group General Manager, Group Public Affairs Division said: “The Minister’s candour is in keeping with the regime’s policy to be open and sincere with Nigerians at all times.

“For the avoidance of doubt, it is pertinent to state that efforts are in full gear to eliminate all extraneous factors which have so far impeded the free flow of petrol across the country, especially the issue of foreign exchange for oil marketers which the Honourable Minister is working with the Central Bank of Nigeria to resolve,” the NNPC stated.

The NNPC assured Nigerians that the fuel scarcity would end soon as the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has activated the enablers to ensure sanitization of the fuel supply and distribution matrix.

Kachikwu Didn’t Say Queues Won’t Disappear For 2 Months, NNPC Laments Misrepresentation

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The Nigerian Government on Friday said as from January 1, 2016 the pump price of the petrol would be reduced to N85 per litre.
The product officially sells for N87 per litre, although it sells for higher prices in some states of the federation with fuel scarcity biting hard in the last two months.

The Minister of State for Petroleum, Emmanuel Kachikwu, disclosed this to journalists at the Port Harcourt Refinery Company (PHRC), where he spent Christmas inspecting the plant.

Asked when the Federal Government would release the new price template of the Petroleum Product Pricing Regulation Agency (PPPRA), Mr. Kachikwu said he approved the new price for the agency on Thursday.

“Like I said, we have done a modulation calculation and it is showing us below N87”, Mr. Kachikwu said. “I imagine that if PPPRA publishes it today, it will become effective immediately. But the 1st of January that is when we are looking at”.

The Minister explained that with the new pump price set to take effect in a matter of days, Nigerians would be convinced that the pricing modulation that the Federal Government promised to embark on recently, was not a gimmick.

He noted that following analyses and research, government realized the country could fluctuate fuel price in accordance with the crude oil market fundamentals.

Justifying government’s reasons for scrapping the Petroleum Support Fund otherwise known as oil subsidy, Mr. Kachikwu explained that government could no longer afford to subsidize the product following the fraud that has attended its operation. He further stated that it had become obvious that government earnings were dipping on daily basis.

Fuel To Sell At N85 Per Litre From Jan 1 – FG

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The men of the Nigerian military are to take over the security of the nation’s oil pipelines.

The Acting Director, Defence Information, Col. Rabe Abubakar, who said in a statement on Tuesday, added that the Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Emmanuel Kachikwu, met with the Chief of Defence Staff, Gen. Gabriel Olonisakin, on how to work out modalities to get the military to protect the strategic national assets.

He quoted the NNPC’s GMD as having said that he visited the CDS as a follow up to a proposal the corporation presented to President Muhammadu Buhari, to have the Army Corps of Engineering to maintain and secure the nation’s pipelines.

Abubakar also quoted the NNPC’s GMD as having said that the corporation was taking a holistic step to ensure that the best hands were used to protect the pipelines.

He said that the NNPC was also engaging the services of the Navy and the Air Force in collaborative efforts to secure the nation’s pipelines and to prevent the theft of the country’s oil.

Abubakar said that Kachikwu solicited for the support of the CDS in the fight against crude oil theft, pipeline vandalism and other maritime crime.

Soldiers To Replace Ex-Militants On PipeLine Security

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The Chairman, Badagry Ship Repair and Maritime Engineering Company (BSMEC), Dr. Taiwo Afolabi said yesterday that the $1.5 billion dockyard project in Badagry, Lagos, is owned by the company and not the Nigeria Liquefied Natural Gas (NLNG) Limited.

Afolabi, who doubles as chairman of a participating company that formed the consortium comprising Sifax Logistics and Marine Services Limited, was responding to the ongoing controversy trailing its recent decision to site a $1.5 billion dockyard project in Lagos State.

Speaking in Lagos on behalf of the consortium, Afolabi said: “BSMEC is the sole owner of the Badagry Dry Dock Project and no one else. BSMEC is made up of five different successful Nigerian companies who came together as core investors to form Badagry Ship Repair and Maritime Engineering Company, which is a joint venture between Sifax Logistics and Marine Services Limited, Energy Nature Limited, GMT Energy Services Limited, Japaul Oil and Maritime Services plc, and SIVC Infrastructure DMCC (Sahara Group Limited).

“Nigeria LNG is not a part of the consortium and is not an investor in the construction of the dry dock project.

To be clear, the Badagry Dry Dock will be used for the maintenance of a wide range of oil and gas related vessels, including very large crude carriers (VLCCs), offshore drilling rigs, offshore support vessels, in addition to large LNG carriers.”

The dockyard is also planned to be a hub to be used for dry docking vessels from other West Africa countries, he affirmed, saying the choice of location was made on a purely business interest basis, taking into account several factors considered important to investors.

The project is in line with the government’s drive for Nigerian content and will create capacity for Nigeria and help address capital flight, he said.

Source: Vanguard