Energy
Enyo Retail launches Lekki Mega Station to celebrate its 2nd year anniversary
BY: Justice Godfry
To mark its 2nd year anniversary, Enyo Retail and Supply, a customer-focused, technology-driven, fuels retailing company has launched its Stillwater mega station at Lekki-Epe expressway.
The 2nd anniversary celebration was dedicated to the company’s growing customer base especially in the Lekki axis of Lagos. Enyo Retail uses a popular tag line” our litre is a litre” derived from a feedback from customers after a recent customer survey on why motorists consistently patronise their stations and prefer them over most other stations in the country.
The Enyo Stillwaters launch event was graced by board members and management of the company, dealers and partners to Enyo Retail & Supply, the Chairman and Vice Chairman of Bash Oil Ltd, Aare and Yeye Fakorede who are also the owners of Enyo Stillwaters, the Oba of Ikate-Elegushi, Oba Saheed Elegushi, the Ojomu of Ajiran land in Eti-Osa, Oba Tijani Adetunji Akinloye, the Chairmen of Eti-Osa and Eti-Osa East local government areas, The special adviser to the Governor of Lagos state on chieftaincy affairs amongst other dignitaries
The royal fathers present whilst thanking the audience at the ceremony commented differently on the quality of the facilities of the Enyo Stillwaters station stating the benefits the station had brought to the community since it opened.
Aare Fakorede added that “Enyo Retail brings an uncommon agility and resilience that stands it apart from the crowd in the Nigerian downstream space.
“In addition to this the management and team members of the company are well known in the industry, possess an unquestionable track record and are capable to delivering to the expectations of their stakeholders”.
The ribbon cutting event was immediately followed with a customer appreciation hour in partnership with Wazobia FM 95.1, where up to 1000 customers were provided with gifts and memorabilia including some fuel products at the expense of the company, a gesture the company believe is just another way of thanking their customers for their patronage. This was tagged #wazobiafuelmymoto.
Enyo Retail & Supply was registered in May 2017 but only commenced operations at its first station in Olorunsogo, Ibadan in August 2017.
The company has gradually expanded across the country and now serves over 60,000 customers daily and supplies close to 2% of the local demand for PMS in Nigeria.
It invests not only in well-equipped and safe fuel stations but also in the training and development of its staff and in incentives to its customers in appreciation of their patronage.
Speaking at the anniversary, CEO of Enyo Retail and Supply, Mr. Abayomi Awobokun, said “I would like to take this opportunity to express my gratitude to God, our board and shareholders led by Mr. Tunde Folawiyo, the Enyo retail team, our various stakeholders and most importantly our customers. None of what we are celebrating today would have been possible if not for all these stakeholders. We are really excited about our accomplishments thus far and can’t wait to keep this momentum going into the future.
“Enyo was established to provide quality fuels retailing solutions for Nigeria whilst at the same time integrating first class customer service. We are happy to have achieved so many milestones in the past two years. As we move forward into the future, we seek to continue to create value to stakeholders by focusing on innovative ideas to improve the services in the downstream sector of the Nigerian industry”.
Since its opening in 2017, Enyo has spearheaded initiatives that aim to revolutionize the downstream oil industry, these include its #enyofueledbytrust campaign, the launch of the STEMCafe by RVRB and most recently its collaboration with Cars45 to boost their spread and services rendered to customers.
[Cover Photo Caption] –
L-R: Oba of Ikate-Elegushi, HRM Oba Saheed Elegushi; The Ojomu of Ajiran land in Eti-Osa, HRM Oba Tijani Adetunji Akinloye; Enyo stillwaters Landlord, Aare Bashir Fakorede and his wife Tayo Fakorede; and (on far right) CEO, Enyo Retail and Supply, Abayomi Awobokun at the launch of Enyo Lekki Mega station in celebration of Enyo’s 2nd year anniversary in Lagos.
Energy
AVEVA is providing data management support for renewable natural gas projects
Reporter: Godwin Ezeh
Key Highlights
● AVEVA’s industrial information infrastructure has been selected by Archaea Energy to provide key data management support
● AVEVA’s industrial software to optimize performance across Archaea’s RNG plants
AVEVA, a global leader in industrial software driving digital transformation and sustainability, has been selected by Archaea Energy, the largest renewable natural gas (RNG) producer in the US, to build a comprehensive operations data management infrastructure.
Using AVEVA’s software, Archaea Energy can collect, enrich and visualize its real-time operations data, enabling performance analysis across its growing network of plants.
Using AVEVA PI Data Infrastructure, a hybrid solution with cloud data services, the plants will be able to share data to highlight operational opportunities and optimize efficiency.
Caspar Herzberg, CEO, AVEVA, stated,
“Through this collaboration and the use of AVEVA PI Data Infrastructure, Archaea’s growing network of plants will have streamlined operations with accurate performance analysis throughout the expansion. AVEVA’s CONNECT software platform leverages industrial intelligence from a central location, making it easier to deploy additional digital solutions in the future.”
“As the largest RNG producer in the United States, we are dedicated to delivering reliable, clean energy,” said Starlee Sykes, chief executive officer of Archaea Energy. “This relationship will allow us to optimize operations and offer detailed performance analysis as we continue to expand across the country.”
…OML 13 Asset Eyes 80,000 bpd by End of 2025
In a major boost for Nigeria’s crude oil production, revenue generation and economic growth efforts, the NNPC Ltd has officially unveiled its latest crude oil grade, the Utapate crude oil blend, before the international crude oil market.
It would be recalled that in July, 2024, NNPC Ltd and its partner, the Sterling Oil Exploration & Energy Production Company (SEEPCO) Ltd introduced the Utapate crude oil blend, following the lifting of first cargo of 950,000 barrels which headed for Spain.
During a ceremony held at the Argus European Crude Conference taking place in London, United Kingdom, on Wednesday, the Managing Director, NNPC E & P Limited (NEPL), Mr. Nicholas Foucart described the introduction of the Utapate crude oil blend into the market as a significant milestone for Nigeria’s crude oil export to the global energy market.
“Since we started producing the Utapate Field in May 2024, we have rapidly ramped up production to 40,000 barrels per day (bpd) with minimum downtime. So far, we have exported five cargoes, largely to Spain and the East Coast of the United States; while two more additional cargoes have been secured for November and December 2024, representing a significant boost to Nigeria’s crude oil export to the global market,” Foucart told a packed audience of European crude oil marketers.
He added that since its introduction into the global market, the Utapate crude oil blend has enjoyed a positive response from the international crude oil market, due to its highly attractive qualities.
Foucart said the Oil Mining Lease (OML) 13, fully operated by NEPL and Natural Oilfield Services Ltd (NOSL), a subsidiary of SEEPCO Ltd, boasts a huge reserves of 330million barrels of crude oil reserves, 45 million barrels of condensate and 3.5 tcf of gas.
“We have a number of ongoing projects to increase our production from the current 40,000bopd to 50,000bopd by January 2025 and 60,000bopd to 65,000bopd by June 2025. Essentially, we are targeting opportunities to increase production to 80,000bopd by the end of 2025,” Foucart added.
He said the Utapate crude oil terminal is sustainable, affordable and fully compliant with the rigorous environmental regulations and sustainability principles especially those aimed at reducing carbon emissions and other ecological effects.
Also speaking, the Managing Director of NNPC Trading Ltd (NTL), Mr. Lawal Sade said the pricing structure of the Utapate crude oil blend is similar to that of Amenam crude as it is a light sweet crude which is highly sought after by refiners across the world due to its low sulphur content, efficient yield of high-value products, API gravity and other similarities.
He said in bringing the new crude oil blend to the global market, NNPC Ltd wanted to optimise value for both its producers and counterparties across the globe.
He added to ensure predictability and sustainability of supply, the NNPC Trading intends to run a term contract on the Utapate crude oil blend cargoes, principally targeting off-takers from the European and the US East Coast refineries.
Produced from the Utapate field in OML 13 in Akwa Ibom State in Nigeria, the Utapate crude oil blend is similar to the Nembe crude oil grade. It has a low sulphur content of 0.0655% and low carbon footprint due to flare gas elimination, fitting perfectly into the required specification of major buyers in Europe.
The NNPC E&P Ltd and NOSL partnership is also committed to operating in a manner that is safe, environmentally responsible, and beneficial to the local communities.
The Utapate field development plan, executed between 2013-2019 and approved in October, included converting wells and facilities from swamp/marine to land-based operations.
The plan involved a multi-rig drilling campaign for 40 wells and the development of significant infrastructure such as production facilities, storage tank, a subsea pipeline and an offshore loading platform to facilitate crude oil evacuation and loading.
The entry of the Utapate crude oil blend into the market is coming barely a year after the NNPC Ltd announced the launch of Nembe crude oil, produced by the NNPC/Aiteo operated Oil Mining Lease (OML) 29 Joint Venture (JV).
This remarkable achievement signals the commitment of the NNPC Ltd to increasing Nigeria’s crude oil production and growing its reserves through the development of new assets.
Energy
NNPC Ltd Set to Supply 100mmscf/d Gas to Dangote Refinery
…10-year Deal to Boost Local Production, Revamp Industrial Growth, reports Ikenna Oluka
The NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company (NNPC) Limited, has successfully executed a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE.
The agreement, signed by the Managing Director, NGML, Barr. Justin Ezeala and the President/CEO of the Dangote Group, Aliko Dangote on Tuesday at the Corporate Head Office of Dangote in Falomo, Lagos State, outlines the supply of natural gas for power generation and feedstock at the Dangote Refinery, in Ibeju-Lekki, Lagos State.
This major milestone is in line with President Bola Ahmed Tinubu’s policy of utilizing Nigeria’s abundant gas resources towards revamping the nation’s industrial growth and kickstarting its economic prosperity.
This development, which sees a huge investment of this nature penned with zero capital expenditure (CAPEX) outlay, has been described by many as unprecedented in the history of NGML or any gas Local Distribution Company (LDC) in the country.
Under the terms of the agreement, NGML will supply 100 million standard cubic feet per day (MMSCF/D), 50MMSCF/D being firm supply and the rest 50MMSCF/D interruptible natural gas supply to the refinery for an initial period of 10 years, with options for renewal and growth.
This collaboration is a significant step toward ensuring the operational success of the Dangote Refinery and enhancing Nigeria’s domestic gas utilization.
NNPC Ltd, through NGML, its gas marketing subsidiary, continues to lead efforts in promoting the use of domestic gas to support industries and businesses nationwide.
The agreement represents a milestone for both NNPC Ltd and Dangote Refinery, aligning with their shared commitment to boosting local production and providing vital products for the benefit of all Nigerians.
It is also a further proof of NGML’s unwavering commitment to business excellence and fulfilling NNPC Ltd’s core mandate of ensuring Nigeria’s energy security through the execution of strategic gas projects across the country.
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