Oil & Gas
Don’t Be Like SPDC, Diri Tells Renaissance Energy
By David Owei, Baylesa
Governor of Bayelsa State, Senator Douye Diri, has advised the management of Renaissance Africa Energy Company Limited that having acquired the assets of Shell Petroleum Development Company (SPDC), it should operate differently from the former owners of the oil firm.
The Bayelsa governor also urged the company to incorporate the interests of host state governments in its operations in order to reduce conflicts in host communities.
Senator Diri stated this on Wednesday when he received the management of Renaissance Africa Energy, including its chairman, Dr. Layi Fatona, Managing Director and Chief Executive Officer, Chief Tony Attah, and other officials in Government House, Yenagoa.
The governor explained that before SPDC divested its assets, host communities were short-changed because the proceeds that accrued to them were grossly inadequate and resulted in agitations by state governments for a better deal.
“When we heard that SPDC had divested, we advised that the new company carries the host states along because part of the issues with the previous operator were that they were seen more like buccaneers. They were like people who came to the communities to collect and in return gave nothing back.
“Of course, the other party that also enjoys the oil arrangement is the federal government. Even out of protests and agitations, what the Niger Delta states get is a paltry 13 per cent.
“There is nothing wrong if states are co-owners with you even if it is a little percentage and that is what l have been pushing for. l think it is not too late now that we have our own people there.
“If we are co-owners, there is even the tendency that we will protect it more just as we are doing with the 13 per cent. See what you can do to include the interest of Bayelsa State.”
Senator Diri, who expressed dissatisfaction with the Petroleum Industry Act (PIA), noted that, “under the act, the federal government and oil companies cut off the states and local governments and deal directly with the communities. Now we receive a lot of protests from the communities. It is only when trouble comes that they remember that there is a state government and a local government.
“But you have now come in. So please, do not be the buccaneers that people used to know about SPDC, Nigerian Agip Oil Company and all other oil companies that have operated on our land.”
The Bayelsa helmsman commended the management of the oil firm for acquiring SPDC, which had hitherto been dominated by foreigners for decades, saying that it was historical and something to be proud of.
“The good thing is that we have the same people that have been in the oil industry and have understudied and have been exposed to the intricacies. l hope that you are not going to make the same mistakes and that you are going to see the states and communities as part and parcel of your operations,” he said.
Diri assured of the state government’s commitment to partner with the company on energy security, adding that his administration was procuring a 60-megawatt gas turbine for independent power supply to the state.
He also appealed to the company to look in the issues of environmental pollution, stressing that as it had acquired the assets of SPDC, it should equally acquire the liabilities.
In his remarks, the Chairman of Renaissance Africa Energy Company Limited, Dr. Layi Fatona, said the delegation was in the state to introduce the company and its vision to the government having acquired SPDC’s assets.
He sought the state government’s collaboration in the area of energy security under the administration’s ASSURED Prosperity Agenda to help support Bayelsa’s development.
Also, the Managing Director/Chief Executive Officer, Chief Tony Attah, said the company recognised Bayelsa as being supportive to its predecessor (Shell) and commended Governor Diri for his visionary leadership.
Attah noted that the company intends to be Africa’s leader in energy security and facilitate industrialization using domestic gas for the interest of Nigeria, especially Bayelsa which has huge potential in gas.
Oil & Gas
Nembe communities report underwater pipeline leak at OML 29 oilfields in Bayelsa
By David Owei
The Nembe communities at Okpoama and Ikensi in Brass and Nembe Local Government Areas (LGAs) respectively have bemoaned recent oil leaks and subsequent pollution from Oil Mining Lease (OML 29) oilfields.
It was learnt that the oil leak from an underwater pipeline at Ikensi was discovered on Thursday by residents who raised concerns over negative impact of the spill on the environment.
The ongoing underwater crude oil pipeline leakage near Ikensi community, was noticed at about 6.45 am on Thursday and reported to the operator of f the oilfield.
Both officials of the oil firm and oil spill regulator confirmed the incident but said that they were working on an official statement to be issued in due course but yet to d9 so.
OML 29 is operated by Nembe Explorationwnd Production Ltd formerly Aiteo Eastern Exploration and Production Limited.
Chief Clarkson Obiakpa, a Chief of Opu Nembe
explained that community residents who first detected the leak report that crude oil is actively discharging crude into surrounding waterways with no visible containment or emergency response deployed at the time of reporting, raising immediate fears of widespread ecological contamination and threats to fishing-based livelihoods.
“The spill was discovered early on Thursday morning around 6:45 am. Crude oil is still flowing into our waterways. No response team has arrived.
“Our rivers, fishing grounds, and drinking sources are already being affected. We are deeply concerned about our survival and livelihood.” Obiakpa said.
He recalled that this latest incident comes shortly after a marine vessel spill on the Atlantic coastline, affecting Okpoama, Diema and Twon-Brass in the neighbouring Brass LGA, where large volumes of crude oil reportedly escaped into surrounding waterways during a transshipment operation between a vessel and a tanker.
According to Chief Edwin Otiete-Goli, a community leader: “This spill has devastated our waters and our means of livelihood. Our fishing grounds are polluted, and our ecosystem is under serious threat. We call for immediate accountability, full remediation, and justice for our people who depend entirely on these waters for survival.”
Aiteo acquired the OML 29 field and the 97 kilometer Nembe Creek Trunk Line (NCTL) for $ 2.4 billion in 2015 following divestment by Shell Petroleum Development Company (SPDC)
The operator of the OML 29 oil block discarded the NCTL which hitherto evacuated crude to the Bonny Export Terminal due to oil theft and vandalism and resorted use of barged and small vessels to translated and oil to a Floating Production Storage and Offloading (FPSO) for export.
This development, an interim operational plan pending linking the oil wells via pipelines to the FPSO has been fraught with frequent operational leaks from transloading of crude to the FPSO
When contacted for a response, on Thursday evening, a Public Affairs Official at the oil firm, Nembe E & P said the company was working on a statement.
“An official statement will be sent soon,” he said.
Oil & Gas
Fuel Price Hike: A Brutal Economic Assault on Nigerians- HURIWA demands immediate Presidential Action
By George Mgbeleke
The Human Rights Writers Association of Nigeria (HURIWA) issues this hard-hitting and unequivocal condemnation of the latest increase in petrol prices across Nigeria, describing it as a cruel, insensitive, and economically destructive decision that has further weaponized poverty against already suffering citizens.
In a statement signed by National Coordinator,HURIWA,Comrade Emmanuel Nnadozie Onwubiko,” the abrupt hike in petrol prices—triggered by Dangote Refinery’s increase of gantry price by ₦75 per liter and swiftly mirrored by filling stations now selling between ₦1,365 and ₦1,370 per liter in Abuja—represents nothing short of an economic ambush on Nigerians. It is a calculated economic exploitation and hemorrhage unleashed on the impoverished and massively deprived citizens who also seems to have lost the sense of national outrage legally demonstrated through pteaceful protests against this attempt to send millionsbof households into unmitigated absolute poverty in addition to the 130 million absolutely impoverished households.
“Within hours, marketers adjusted their pumps upward, confirming the absence of any meaningful regulatory safeguards to protect the public from coordinated exploitation.
“This development is not just another price increase; it is a direct attack on the survival of millions. Nigerians are already suffocating under the weight of a catastrophic cost-of-living crisis, with food prices, transportation costs, electricity tariffs, and basic commodities skyrocketing beyond reach. This latest fuel hike will multiply suffering, deepen hunger, and accelerate the collapse of fragile livelihoods across the country.”
Continuing HURIWA warned that the consequences will be immediate and devastating. “Millions of small businesses—the backbone of Nigeria’s informal economy—are now on the brink of extinction. Barbing salons, welding workshops, small-scale manufacturers, transport operators, and countless petty traders who depend on petrol for daily operations will be forced to shut down. This will trigger a dangerous surge in unemployment, particularly among youths and women, thereby worsening social instability and insecurity.
“It is both shocking and unacceptable that Nigeria, a leading crude oil-producing nation, has become a global symbol of energy injustice, where citizens pay exorbitant prices for a resource their country abundantly produces. The justification being pushed—rising crude oil prices linked to tensions in the Middle East—is not only weak but fundamentally dishonest. Countries directly affected by these tensions have not imposed such punishing fuel costs on their citizens, yet Nigerians are being forced to bear the brunt of global volatility without any form of protection.”
HURIWA strongly condemns Dangote Refinery for what appears to be an opportunistic and calculated exploitation of international geopolitical tensions as a convenient excuse to increase prices. “The timing and scale of this hike raise serious questions about market fairness, transparency, and the dangerous emergence of monopolistic tendencies in Nigeria’s downstream petroleum sector.
“Equally disturbing is the apparent silence and inaction of the Federal Government. The failure to regulate, moderate, or even respond decisively to these relentless price hikes sends a troubling message that the suffering of Nigerians is no longer a priority. This perception of indifference is fueling anger, frustration, and a growing loss of public trust.
“We therefore demand immediate and decisive intervention by President Bola Ahmed Tinubu to halt this reckless escalation of petrol prices. The government must urgently implement price stabilization mechanisms, enforce strict regulatory oversight, and ensure that no private entity is allowed to exploit Nigerians under the guise of market forces.
“Furthermore, HURIWA calls for a transparent audit of pricing structures within the petroleum sector and the establishment of policies that prioritize the welfare of citizens over corporate profit.
“Nigeria stands at a dangerous tipping point. The continuation of these harsh policies will not only wipe out businesses but will plunge millions further into poverty and despair. The government now faces a stark choice: defend the welfare of its citizens or remain complicit in the deepening hardship they endure. The time for silence is over. The time for action is now.”
Oil & Gas
Waltersmith showcases expanded refinery to NCDMB, NMDPRA …plans for condensate refinery, industrial park
By David Owei
The Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe on Thursday joined the Authority Chief Executive (ACE) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr. Saidu Mohammed, to visit the Waltersmith modular refinery at Ohaji- Egbema, Imo State.
The visit was to inspect the newly completed expansion of the firm’s refining capacity, from 5,000 barrels per day (bpd) to 10,000 bpd.
NCDMB invested equity in the Waltersmith Refining and Petrochemical Company Limited’s modular refinery in 2018 and helped catalyze the investment, leading to the commissioning of the first phase of the plant in November 2020.
NCDMB also participated in the expansion, which is now completed and operational, producing AGO (diesel), Household kerosine (HHK), HFO (Heavy Fuel Oil) and Naphtha.
The refinery has to date supplied over 1.1 billion litres of refined products to local and regional markets, helping to strengthen Nigeria’s and West Africa’s energy security and contributing immensely to the national economy. The refinery supplies most of its products to the South-East and South-South parts of the country, while the HFO gets to West African sub-region.
The Director Legal Services NCDMB, Dr Naboth Onyesoh represented the Executive Secretary and conveyed the Board’s delight at the success of Waltersmith modular refinery. He described the firm as a model in local content implementation, especially in direct and in-direct job creation, capital retention, industrialization, import substitution and value addition to crude oil and gas resources.
Mr. Abdulrazak Isa, Chairman of Waltersmith Petroman, said the visit was organised to showcase the completed facility to NMDPRA’s new leadership and its partner, NCDMB and unveil its next developmental phase. He said the company had grown from owning one oil field at inception three decades ago, to expanding to several fields, including owning stakes in Renaissance Africa Energy Ltd, which acquired the entire assets of Shell Petroleum Development Company of Nigeria (SPDC) in March 2025.
He further announced the firm’s plan to commence two further phases of expansion, which will include the construction of 30,000 barrels per day condensate refinery and an industry park, which will accommodate other gas based firms. He said the firm will develop a gas line that will deliver 100 million standard cubic feet of gas per day, and provide an embedded captive power, to attract industries to co-locate in the industrial park.
Plans are afoot to conclude the partnership agreement for the condensate refinery by the 4th quarter of 2026 he said, adding that feedstock for the integrated expansions will come from the Ibigwe and Assa fields, as well as from nearby fields.
The Chairman underlined the company’s determination to invest in the petrochemical sector, leveraging on its access to gas and Naphtha, noting that the petrochemical industry is a key enabler of the economy.
He sought approvals from the NMDRA for the various stages of the upcoming developments.
The Authority Chief Executive expressed his delight at the success of the facility and promised the agency’s support to the company’s expansion plans.
He said the midstream sector of the petroleum industry holds the key to the nation’s economic development, adding that the establishment of such projects is the dream of every administration.
He described Waltersmith as an octopus in the midstream sector and challenged the company to hasten the development of the condensate refinery.
Mohammed also commended NCDMB for partnering with Waltersmith to develop the project, which had become a run-away success.
-
Politics12 months agoGov Okpebholo moves to end Cultism *Threatens action against leading cult groups *Vows to demolish more cult houses in Edo State
-
Politics9 months agoASUU-NDU protest against FG loans, unpaid salaries,Non-Implementation of agreements …..says loans is generational slavery
-
Business & Economy9 months agoPC-NCG Issues Disclaimer on Purported Nigerian Coast Guard National Orientation Exercise In Anambra State
-
Entertainment2 years agoJubilation galore as Parishioners of CKC Kurudu celebrate their cultural heritage ….FG should exploit our Cultural heritage to unite Nigerians-Rev Fr Dim
-
Sports3 months agoBayelsa-born ex-football star’s son, Opuama donates spike shoes to Athletics Association
-
General News2 years agoReps hold public hearing on FMC Ugwuaji Awkunanaw
-
General News2 years agoCelebration galore as UDA Successfully Elected New Exco ……I will digitalize processes that will raise UDA to greater height -Comr. Okejiri
-
Law & Crime10 months agoLegal practitioner raises alarm over threat to his life by CSP Muhammed Abdulkareem
