Connect with us

ECONOMY

Nigeria’s Energy Focus Must Change From Crude Oil to Gas – Dr Chukwueloka Umeh

Published

on

According to the Nigeria National Petroleum Corporation (NNPC), Nigeria has the world’s 9th largest natural gas reserves (192 TCF of gas reserves). As at 2018, Nigeria exported over 1tcf of gas as Liquefied Natural Gas (LNG) to several countries. However domestically, we produce less than 4,000MW of power for over 180million people.

Think about this – imagine every Nigerian holding a 20W light bulb, that’s how much power we generate in Nigeria. In comparison, South Africa generates 42,000MW of power for a population of 57 million. We have the capacity to produce over 2 million Metric Tonnes of fertilizer (primarily urea) per year but we still import fertilizer. The Federal Government’s initiative to rejuvenate the agriculture sector is definitely the right thing to do for our economy, but fertilizer must be readily available to support the industry. Why do we import fertilizer when we have so much gas?

I could go on and on with these statistics, but you can see where I’m going with this so I won’t belabor the point. I will leave you with this mental image: imagine a man that lives with his family on the banks of a river that has fresh, clean water. Rather than collect and use this water directly from the river, he treks over 20km each day to buy bottled water from a company that collects the same water, bottles it and sells to him at a profit. This is the tragedy on Nigeria and it should make us all very sad.

Several indigenous companies like Nestoil were born and grown by the opportunities created by the local and international oil majors – NNPC and its subsidiaries – NGC, NAPIMS, Shell, Mobil, Agip, NDPHC. Nestoil’s main focus is the Engineering Procurement Construction and Commissioning of oil and gas pipelines and flowstations, essentially, infrastructure that supports upstream companies to produce and transport oil and natural gas, as well as and downstream companies to store and move their product. In our 28 years of doing business, we have built over 300km of pipelines of various sizes through the harshest terrain, ranging from dry land to seasonal swamp, to pure swamps, as well as some of the toughest and most volatile and hostile communities in Nigeria. I would be remiss if I do not use this opportunity to say a big thank you to those companies that gave us the opportunity to serve you. The over 2,000 direct staff and over 50,000 indirect staff we employ thank you. We are very grateful for the past opportunities given to us, and look forward to future opportunities that we can get.

CLICK HERE TO READ MORE

Continue Reading
Click to comment

Leave a Reply

ECONOMY

Nestoil Receives Latest Certification in Quality Management Systems

Published

on

By

The Group Managing Director of Nestoil Dr. Ernest Azudialu Obiejesi said the certification further underscores the fact that  Nestoil and its affiliated companies in the Obijackson Group are committed to global best practices in the delivery of services to respective stakeholders. He urged employees to remain firmly committed to delivering the highest quality standards to customers and clients at all times.

This was contained in a statement signed by Osagie Ogunbor, head of corporate communications.

Quality Management Systems (QMS) based certifications are often required in bidding for Public Sector jobs especially in the Oil & Gas industry.

Nestoil is Nigeria’s largest indigenous Engineering, Procurement, Construction and Commissioning (EPCC) Company in the Oil and Gas sector and has been a significant contributor to the industry since inception in 1991.

Read More : Nestoil Receives Latest Certification in Quality Management Systems

 

Continue Reading

ECONOMY

How to Drive Deep Awareness On Youtube

Published

on

By

Tell your story by showing ads in a particular sequence to a single user. Using YouTube in-stream or bumper ads.

Google Ads recently launched the video ad sequencing, with it you can tell your product or brand story by showing people a series of videos in the order that you define. You can use a video ad sequence campaign to build interest, reinforce a message, or create a unifying theme. This post explains how video ad sequencing works, what type of bidding strategies and ad formats you can use, and how you can view the results of your campaign.

Below is how it works by Google Ads Support.

How it works

A video ad sequence is made up of a series of video ads that you’d like to show to a person. Each sequence campaign is made up of a series of “steps.” Within each step of a sequence is an ad group and a video ad. Most of a sequence’s settings are selected at the campaign level—such as a bidding strategy and targeting—but you’ll select your ad format and bid within each of your sequence’s steps.

 

Read more : Driving Deeper Awareness on YouTube

Continue Reading

ECONOMY

How to Achieve Safety at Workplace (Case study – Nestoil)

Published

on

By

As the energy industry continues to grow and people utilise more cutting-edge technologies in terrains previously unexplored, the need for ensuring workplace safety has even become greater. Establishing a reliable system of managing cases of onshore or offshore hazards to minimise lost-time injury (LTI) is essential to the success of any company, particularly in the energy industry.

At Nestoil, workplace safety is not just a word thrown around lightly; it is a truth embedded in their values. This ethos ensures that the safety and wellbeing of our most valuable assets – Nestoil employees – is guaranteed. Beyond protecting the company’s personnel, having a dependable health, safety and environment (HSE) policy means protection for customers, suppliers, and the public from potential health risks and other dangers.

Nestoil commitment to delivering reliable energy is built on a zero-tolerance for HSE violations, ensuring that risks are mitigated in all operations, especially those in danger-prone sites,

Safety policies cut across all Nestoil sister companies – IMPAC Engineering, B&Q Dredging, Energy Works Technology (EWT) and Hammakopp Consortium. The Nestoil Group has also implemented the ISO 45001:2018 Occupational Health Management in line with other Management System (QMS ISO 9001:2015 and EMS ISO 14001:2015) for synergy, structured organisational strategy and occupational health and safety within the company. This strategy makes reporting and collation of HSE performance statistics on every project efficient and scalable.

Read More : Achieving Workplace Safety Means Having a People-first Policy

 

Continue Reading

Trending