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IAE 2024: UTM Offshore to showcase Nigeria’s FLNG potentials

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Julius Rone, Group Managing Director and CEO of UTM Offshore, OFR, will participate in an investor roundtable at the upcoming Invest in African Energy (IAE forum in Paris.

 

As a leading provider of oil and gas, marine and energy industry services, UTM Offshore is currently driving Nigeria’s energy transition through the development of a floating LNG ( FLNG) plant that reduces the country’s carbon footprint and monetizes its 200+ trillion cubic feet of natural gas reserves.

 

Developed in partnership with the Nigerian National Petroleum Corporation (NNPC), the FLNG facility will process associated gas currently being flared from the offshore Yoho field.

With a planned capacity of 1.5 million tons per annum – along with 176 million cubic feet of natural gas and condensate and 300,000 tons of LPG for the domestic market – the project is central to Nigeria’s plans to position natural gas as a means of power generation, job creation and industrialization, while lowering carbon emissions and monetizing untapped reserves.

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IAE 2024 is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 14-15, 2024 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers.

 

FLNG represents a key avenue for developing and monetizing Africa’s gas reserves, offering lower capital requirements, faster speed to market and reduced infrastructure and environmental impact onshore. Uniting the key investors and project developers currently shaping Africa’s LNG and FLNG markets, the investor roundtable will explore how new gas monetization projects can attract capital and guarantee stable returns, as well as their role in advancing a just energy transition by reducing emissions and gas flaring.

 

“African LNG has risen to the forefront of investors’ interest, able to align with the global energy transition while meeting Africa’s needs for electrification and value-added industries. Serving as a model of successful public-private partnership, UTM Offshore and NNPC have secured initial funding of $2 billion for the project’s first phase, with FID expected later this year. The investor roundtable will share insights from industry pioneers like UTM into how developers can unlock new forms of financing and establish built-in markets for LNG trade and export,” says Sandra Jeque, Event and Project Director at Energy Capital & Power – IAE 2024 event organizers.”

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They didn’t call me fake when I campaigned for Obi, Archbishop hits back at critics over Tinubu endorsement

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The president-general of the Charismatic Bishops Conference of Nigeria (CBCN), Archbishop Leonard Kawas, has hit back at his critics by defending his support for President Bola Tinubu’s re-election bid, saying his involvement in Nigerian politics predates the current administration.

The Archbishop’s defence follows criticism of the group’s endorsement of Tinubu, with some Nigerians questioning his credentials as a bishop.

But speaking during an interview on Arise TV, Archbishop Kawas said he had spent 25 years in the clergy and supported political leaders in the past, including Olusegun Obasanjo, Goodluck Jonathan, Atiku Abubakar and Peter Obi, without being labelled a fake bishop.

“I travelled around this country with Doyin Okupe. I travelled around this country at 2 am with John Dara and others. We were campaigning from church to church, and nobody called me a fake bishop,” he said. 

“I campaigned for my leader, reverend Jolly Nyame, and he became governor of my state, Taraba state. He appointed me chairman of the Christian Welfare Board, and nobody called me fake then.

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“I supported Peter Obi at the initial stage of his presidential ambition. I went with him everywhere in Nigeria. And he never gave me one dollar, one naira.

 “Neither did he even ever ask me one day how I came to the campaign. He will just see me at the campaign, and we will pray for him. I paid for the transportation of six clergymen. And nobody called me fake. We were on television everywhere.”

Kawas said he supported Jonathan since his time as deputy governor of Bayelsa state and later joined in his presidential campaign.

“I was one of the people who prophesied that we would see him in Abuja. And he came to Abuja, and he became vice-president and then president from the doctrine of necessity,” Kawas said.

“And then he won the election. I was on his presidential campaign council. I was the only bishop in Goodluck Jonathan’s presidential campaign council, and I took the campaign everywhere. Nobody called me fake.

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“Is it now, because I have prayed and God has led me to support Bola Tinubu, that I suddenly become fake? he asked.

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NAF airstrikes kill over 18 high-profile terrorists, destroy logistics centres in Borno

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More than 18 terrorists have been neutralised in strikes by the Nigerian Air Force (NAF), while several logistics hubs at Tumbunma Baba in the Tumbuns general area of Borno State were destroyed.

According to a statement by the military on Friday, the operation, conducted by the Air Component of Operation Hadin Kai (OPHK), in coordination with ground troops of Sector 1, followed weeks of intelligence gathering and surveillance,

The Military Information Officer of OPHK, Capt. Mohammed Goni, said intelligence had indicated the presence of high-profile terrorist elements using the islands as meeting points and logistics nodes.

He said further surveillance and confirmatory Intelligence, Surveillance and Reconnaissance (ISR) operations conducted from Wednesday, September 9, pinpointed several terrorist structures and logistics hubs in the area.

According to him, the intelligence-led operation culminated in kinetic strikes in the early hours of Friday, September 11, after the targets were positively identified.

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“Following positive identification of the targets, the air platforms acquired and engaged the designated locations with precision munitions, with ground troops occupying all likely escape routes for further direct fire engagements,” he said.

Goni said the strikes destroyed the targeted structures and “neutralised over 18 terrorist elements”, disrupting terrorist activities and degrading their ability to use the enclave as a gathering and support base.

He said post-strike assessment indicated an estimated 85 per cent success in achieving the intended operational objectives.

The operation, he said, underscored the effectiveness of intelligence-led operations, timely ISR confirmation and the coordinated employment of air assets in synergy with ground troops.

Goni said OPHK would continue to work with other security agencies and stakeholders to deny terrorists the freedom to operate, regroup or establish logistics and support infrastructure across the North East.

“Working in concert with all security agencies and stakeholders, OPHK will continue to conduct intelligence-driven operations to deny terrorist elements the freedom to operate, regroup or establish logistics and support infrastructure across the Theatre,” he said.

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Nepal flood death toll crosses 1,000 as victims buried in mass graves

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No fewer than 1,050 people have died and nearly 4,000 people are still missing following last week’s devastating flooding in Nepal.

The death toll is reported to have risen to 1,050, while about 4,000 people remain missing, including 583 foreign nationals.

Also, specialised rescue teams from China, India and Nepal have reportedly built temporary bridges to reach remote areas in desperate efforts to rescue nearly 300 workers trapped inside tunnels.

Nepal’s disaster management authority ​said on Tuesday that no fewer than 639 people remain stranded in devastated hydropower stations that have become the focus of rescue efforts.

The disaster left at least ⁠2.2 million tons of debris, according to a preliminary estimate by the United Nations Development Programme (UNDP), including parts of buildings, rocks, and sediment.

“The amount of debris shows the scale ​of the destruction and the challenge communities face as they clear homes, roads and public spaces and begin to rebuild,” it said.

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In a social media post on Monday, Prime Minister Balendra Shah said
more than 11,000 people have been rescued, and power ​and communication lines were restored in some areas,

“We did not have the time to grab anything before fleeing,” said a survivor from the hard-hit Rasuwa district, who had walked to Nuwakot with scores of other survivors. “What we were wearing is the only pair of clothes we have. And even they are wet from rain.”

On Tuesday, the Nepali Army, in a social media post, said it rescued 119 people by air, including a British national.

“So far, the Nepal Army has rescued a total of 3,891 people by air, including 273 foreign nationals,” the army said.

Meanwhile, Nepal has begun burying victims of the flood in mass graves after taking DNA samples.

According to Nepalese authorities, 1,003 bodies had been recovered, with 3,916 people still unaccounted for.

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