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TotalEnergies starts production from Nigeria’s Ikike field

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The development came a week after President Muhammadu Buhari unveiled the new Nigerian National Petroleum Company Limited

TotalEnergies, the operator of OML 99, announced Monday it has started oil production from Nigeria’s Ikike field.

The company in a statement published on its website said the project is in partnership with the Nigerian National Petroleum Company (NNPCLimited) with a share of 60 per cent.

The development came a week after President Muhammadu Buhari unveiled the new Nigerian National Petroleum Company Limited, a landmark event that officially changed the oil firm from a wholly state-run entity to a commercial oil company, limited by shares.

TotalEnergies is a multinational energy company operating in more than 130 countries. For over 50 years, the company has remained a leader in the downstream sector of the Nigerian oil and gas industry.

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The company had in May launched a sale of its minority stake in a Nigerian oil joint venture.

The company said it was selling its interest in 13 onshore fields and 3 in shallow water, producing over 20,000 barrels of oil equivalent per day.

The sale includes infrastructure such as 3,500 km of pipelines connecting to two key crude export terminals, Bonny and Forcados.

It said it wants to focus on deep-water fields away from the difficulties of operating in close proximity to local communities.

“Disruption of local communities are sources of great concern in the country,” Patrick Pouyanne, TotalEnergies chief executive officer was quoted by Bloomberg as saying on a conference call in April.

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Ikike

Located 20 kilometres off the coast, at a depth of about 20 meters, the Ikike platform is tied back to the existing Amenam offshore facilities through a 14 km multiphase pipeline. It will deliver peak production of 50,000 barrels of oil equivalent per day by the end of 2022.

The Ikike project leverages existing facilities to keep costs low and is designed to minimise greenhouse gas emissions. Estimated at less than 4kg CO2e/boe, they will contribute to reducing the average carbon intensity of TotalEnergies’ upstream portfolio.

In addition, 95% of the hours were worked locally, the company said, noting that the jacket, as well as the topside modules, were entirely built and integrated by local contractors.

In his reaction, Senior Vice President Africa, Exploration and Production at TotalEnergies’, Henri-Max Ndong-Nzue expressed delight at the prospect of starting the project.

“TotalEnergies is pleased to start production at Ikike, which was launched a few months before the covid pandemic, and whose success owes a lot to the full mobilization of the teams,” he said.

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“By tapping discoveries close to existing facilities, this project fits the Company’s strategy of focusing on low-cost and low-emission oil projects.”

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Ghana is looking to supply Nigeria with its electricity needs following power grid shutdown

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LAGOS- With the goal of achieving “100% universal energy access” and maybe exporting electricity to its neighbor, Nigeria, Ghana has steadily been developing its power sector.

During his presentation in Lagos on the second day of the Nigeria Energy Leadership Summit, Mr. Hanson Monney, the Head of the Generation and Transmission Unit at the Ghanaian Ministry of Energy, made this point, emphasizing that via effective policy development and implementation, Ghana has already attained an impressive 80% to 85% universal energy access inside its boundaries.

“So, we are working on all these things to make sure that the power system of Ghana continues to be as good as it is or even better, and then, maybe, we can be exporting more to our big brothers in Nigeria when the grid is finally settled,” Mr. Hanson Monney said

This declaration follows the second national power grid breakdown in Africa’s most populous country and the continent’s top oil producer, Nigeria which resulted in a total blackout of homes and businesses.

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In contrast, Ghana is aggressively pursuing a variety of energy sources, including grid electricity, mini-grids, and solar-dominated renewable energy, to attain “Universal access to energy by 2024” as instructed by the country’s President.

Monney agreed that the geographic limitations make it difficult to provide everyone in Ghana with access to electricity, particularly on isolated islands, riverbanks, or lakeside villages. In response to this, he stated,

“So, now, we are trying to scale our renewable energy access, and that is how we have planned in 2022 to scale up our renewable energy program,” he said.

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Financial sustainability is one of the biggest problems facing Ghana’s power sector, as the country struggles with growing debts and the purchase of surplus capacity.

“There is so much debt that the government has to shore up to make sure that the system is afloat because we have procured a lot of excess capacity, which comes with attendant costs. So, these financial challenges require some policy actions to eliminate legacy debts,” Mooney stated.

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Monney stressed the significance of lowering electricity prices, particularly for enterprises, since high electricity bills are a major issue in Ghana. “We saw that in Ghana historically. These industries have been subsidizing the residential sector, and it should be the other way around. Industries should remain viable so that businesses can thrive,” Mooney stated.

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Crime

EFCC declares Delta brothers wanted over alleged N330m fraud

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The Economic and Financial Crimes Commission has declared two siblings from Delta State wanted for alleged fraud of N330 million.

This was contained in a statement issued by the EFCC spokesperson, Wilson Uwujaren, copies of which were made available to journalists in Warri, Delta State on Friday.

The anti-graft agency named 55-year-old Faith Onoja and 44-year-old Emmanuel Onoja, both from Ughelli South Local Government Area of Delta State, as being declared wanted by the EFCC.

According to the commission, Faith’s last known address is “Close to Celestial Church, Ekrovie new layout, old Egini road, Orhuehorun, Delta State” while Emmanuel’s last known address is “No 6. Jasmison Street, NPDC/ND Western Estate, Warri, Delta State”.

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The statement urged that “anybody with useful information as to their whereabouts should contact the commission” in its offices nationwide.

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Education

Gov. Kefas Grants 50% Tuition Cut for Final Year Nursing Students

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In a move that underscores the commitment of the Taraba State Government to prioritize education and make it more accessible, the Taraba state Governor, Dr. Agbu Kefas has approved a significant reduction in tuition fees for final year students at the College of Nursing and Midwifery Jalingo.

Effective immediately, all final year students pursuing their nursing and midwifery diplomas will benefit from a 50% reduction in tuition fees. This decision aims at alleviating the financial burden on students and their families, ensuring that quality education remains affordable and accessible to all.

Dr.Agbu Kefas stated, “Education is the bedrock of our society, and we are dedicated to providing opportunities for our students to excel without the undue burden of high tuition costs. We believe that this reduction will not only support our students but also contribute to the development of the healthcare sector in our state.”

The Taraba State Government remains committed to enhancing the quality of education and healthcare services in the state. This reduction in tuition fees is a significant step towards achieving these goals.

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