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Tag: Tony Attah

  • Oil firm’s CEO seeks PIA review, applauds regulatory progress

    Oil firm’s CEO seeks PIA review, applauds regulatory progress

    The Managing Director and CEO of Renaissance Africa Energy Company Limited, Tony Attah, has called for a review of the Petroleum Industry Act (PIA) to align with current economic and sector realities.

    Speaking on the theme “Nigeria Oil and Gas: From Reforms to Recovery,” at the 2025 BusinessDay Annual CEO Nigeria Forum held in Lagos,  Attah noted that while the PIA was a landmark reform when signed into law in August 2021, it had been in development for over two decades, during which time the global energy sector underwent significant transformation.

    He said: “The PIA was a bill for 20 years, and while we were busy trying to get it right, the rest of the world moved on,” Attah said. “It doesn’t take cognisance of digitalisation, doesn’t recognise AI, and, in today’s world, you cannot survive without digitalisation. The PIA came late even for its time.”

    Attah in a statement by Rennaisance Spokesman, Michael Adande, commended the Nigerian government for recent reforms, including the Executive Order raising contract approval thresholds from $500,000 to $10 million, which he described as a “game-changer” for operational flexibility in a multi-billion-dollar industry.

    He also praised the evolving regulatory environment, noting that over 50 per cent  of Nigeria’s oil production is now driven by indigenous companies, a testament to the success of local content policies and regulatory support.

    “Government reforms are working. Nigerians are taking over. But while the reform is on, there’s still a lot more to be done,” he added.

    Attah highlighted pipeline security as a critical challenge, urging regulators to define clearer frameworks for safeguarding infrastructure and ensuring that production reaches the export terminals without disruption.

    “Production is no longer the problem. It is getting the product to market, that is. Between production and point of sale lies the pipeline, and that’s all about security,” he said.

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    Reaffirming Renaissance’s commitment to national development, Attah described the company’s vision as Afro-centric, focused on enabling energy security and industrialisation across Africa in a sustainable manner.

    “We want to move Nigeria to centre stage as the true African giant. The renaissance has begun for our company and for our country,” he said.

    Renaissance operates Nigeria’s largest upstream joint venture alongside NNPC Limited, TotalEnergies, and AENR, with a portfolio of 15 onshore and 3 shallow-water Oil Mining Leases, and the Bonny and Forcados crude export terminals.

    In its first 100 days of taking over Shell’s shares in the defunct SPDC, Renaissance increased crude oil production by over 40%, including significant gas deliveries to Nigeria LNG Limited.

  • FG, NLNG sign contract on Bonny-Bodo road

    FG, NLNG sign contract on Bonny-Bodo road

    The Ministry of Power, Works and Housing has signed a tripartite agreement of N120 billion with Nigeria Liquefied Natural Gas ( NLNG ) and Julius Berger Plc. for the construction of Bonny-Bodo road.

    The Minister of Power, Works and Housing, Babatunde Fashola, at the tripartite agreement and contract signing on Wednesday in Abuja said the project would revive and strengthen the nation’s economy.

    The 34 kilometres road when completed would boost socio-economic development in the country and improve the lives of Nigerians in the Niger Delta region living on Bonny Island, Ogoni, Okrika, Eleme and Andoni.

    Fashola emphasised that the project was in compliance with the Federal Government’s Economic Recovery and Growth Plan which had infrastructural provision as one of its pillars.

    “The project portrays the commitment of the government to clean and build up as well as reposition the Niger Delta region recognising the private sector partnership in the country.

    “NLNG as a corporate organisation has decided to fund half of the project by taking 50 per cent cost of delivering the project while the Federal Government takes 50 per cent.

    He, however, said the project showed government’s strong credibility and desire to push forward its commitment towards the nation’s economic revival.

    According to the minister, the road on completion will connect communities in the Rivers bringing about development in the country.

    Earlier, the Managing Director of NLNG, Mr Tony Attah noted that NLNG agreed to provide 50 per cent counterpart funding, amounting to N60 billion to boost socio economic development in the region.

    “This is part of our effort to contribute to the advancement of the Niger Delta.

    “It will lead to the accomplishment of the dream of connecting Bonny Island to the rest of Rivers state by road and not only by sea.

    “Our greater joy is that the road will ease the plight of people of Bonny Island, the community that has hosted NLNG Plant and operations for so long.

    “Over the years our empathy with the host community especially with the respect to transportation challenges on Bonny Sea compelled us to open up our company business vessels to accommodate community members.

    On the company’s financial contributions to Nigeria, he said “it generated 90 billion dollars in revenue as at 2015, paid 5.7 billion dollars in taxes and committed more than 200 million dollars to corporate social responsibility projects.

    “The company also pays N6 billion annually to the Rivers State Government and N140 million annually to the Bonny Local Government Council,’’ he said.

    Attah further noted that through its corporate social responsibility, it recently spent 12 million dollars on building, refurbishing and equipping engineering laboratories of six universities selected from six geopolitical zones.

    The Managing Director of Julius Berger Nigeria Plc., Wolfgang Goesh, thanked the Federal Government for its trust and confidence reposed on the company.

    Goesh assured that the company would deliver a qualitative and timely project.

  • Bonny Bodo: FG, NLNG, Julius Berger sign N120b tripartite agreement

    Bonny Bodo: FG, NLNG, Julius Berger sign N120b tripartite agreement

    The Federal Government has signed N120 billion tripartite agreement with the Nigeria Liquified Natural Gas (NLNG) Limited and Julius Berger Nigeria Plc to construct Bonny Bodo road in the Niger Delta.

    The contractual agreement will ensure the project is completed and delivered in four years.

    The Federal Government, through the Federal Ministry of Power, Works and Housing made a commitment of N60 million for the project while NLNG will provide the remaining  N60 million to ensure successful completion of the project.

    Speaking at the agreement signing on Wednesday in Abuja, Minister of Power, Works and Housing, Babatunde Fashola described the meeting as concluding part of the procurement process for the project execution.

    He said the gesture was in compliance with the Economic Recovery Growth Plan (ERGP) of the federal government, commitment to develop the Niger Delta as well as the partnership with the private sector as major contributor to national growth.

    Fashola said: “Essentially we will formally sign the agreement today. It concluded the procurement process for starting the constructing process of the Bonny bridge.

    “This is important for many reasons. First, it complied with the ERGP which the President launched to revive the economy and one of the pillars of that plan is infrastructure provision….therefore NLNG has decided for reasons which you will hear from them to add funds on equal basis to the project to the value of N120.6 billion and they will be taking 50 per cent of the cost of delivering the project while government takes 50 percent of the cost.

    “This is a major statement in partnership with private sector to deliver public use. We gather here to improve the quality of lives in the Niger Delta, spend more in developing infrastructure. We assure that immediately work starts, we will start to see improvements in the various value chains.”

    In his remarks, NLNG Managing Director, Tony Attah, said the project will open the Niger Delta to new frontiers of development and secure better opportunities for the rural communities.

    He said the gesture was part if their efforts to contributing to the development of the region.

    According to him, the NLNG has drastically reduced gas flaring from over 65 per cent before it commenced operation to 20 per cent today.

    Beyond the project, he disclosed plans to make the Bonny mini-Dubai, such that a sum of N3 billion will be committed to the region for genuine development in the next 25 years.

    Attah attributed high poverty rate as major reason for unrest in the region stressing that the community still host major federal government investments

    “This is a 40 kilometres road that connects Bonny kingdom to Port Harcourt and open up the community to the rest of the world. If you live in Port Harcourt and  you want to visit Bonny, you can only do that through boat but now it will open it for greater opportunities,” he said.

    The Managing Director, Julius Berger Nigeria Plc, Wolfgang Goetsch, said the tripartite agreement and the agreement between the construction firm and FMPWH have demonstrated government commitment to the nation’s development.

    He said local enterprises would be engaged to supply raw materials while the project wi also create jobs for the rural communities.

    Goetsch pledged timely delivery of the project in alignment with the contract agreement.

    “The contractual time for delivery of the project is four years if everything go as planned. We are already doing mobilisation and soil assessment, the dry season is approaching which is better for us in this type of project,” he added.

  • Nigeria LNG reiterates commitment to cleaner environment

    Nigeria LNG reiterates commitment to cleaner environment

    The Nigeria Liquefied Natural Gas (NLNG) has reiterated its commitment to sustained supply of cooking gas to the local market, to boost domestic consumption and a cleaner environment.

    Mr Tony Okonedo, the company’s Manager, Media Communications, disclosed this in a statement in Lagos on Friday.

    Okonedo said that the Managing Director of Nigeria LNG, Mr Tony Attah, restated the commitment during a visit to key Liquefied Petroleum Gas (LPG) facilities in Apapa.

    Attah said that the assurance became necessary to ensure the use of cleaner energy for the health benefit of Nigerians and for a cleaner environment, in line with the mission of the company to help to build a better Nigeria.

    According to him, NLNG is the biggest receptacle for gas in the country and its contribution has changed the game in the nation’s gas industry.

    “We have since helped in the reduction of gas flared in the country from 65% to less than 20 per cent.

    “And as part of our vision to help build a better Nigeria, we are focused on the sustained supply of LPG in a bid to deepen its usage in the country.

    “Also, to promote a healthy environment, and reduce deaths from inhalation of smoke from the combustion of dirty fuels,’’ he said.

    Attah said that the volume of LPG in the market was less than 50,000 tonnes per annum, before the NLNG intervention in 2007, and since then, deliveries have been on the increase with 262,000 tonnes delivered in 2016.

    He, however, said the total domestic consumption was at over 450,000 tonnes, adding that the company was focusing on a better environment through steady supply of LPG.

    The Deputy Managing Director of Nigeria LNG, Mr Sadeeq Mai-Bornu, said that there were opportunities for partnerships with Nigeria LNG and businesses, to create employment from new business opportunities, thereby reducing poverty.

    Mai-Bornu said that Nigeria LNG was the arrowhead of the Federal Government’s drive to reduce gas flared in the country and was committed to ensuring reliable supply of the product for a cleaner environment.

    On his part, Mr Kudo Eresia-Eke, General Manager, External Relations, Nigeria LNG said, “As part of NLNG’s constant advocacy in helping to build a better Nigeria, it is focusing on supply of LPG and has currently dedicated 350,000 tonnes per annum for the domestic market.

    He said that the visit of the management of NLNG was to explore new ways to enhance the flow of the product into the market, so that its price can be reduced and the product becomes easily affordable.

    “Before the intervention of Nigeria LNG in the local LPG market, the product, like all other petroleum products in the country, was imported and sold to marketers for distribution and retail supply to consumers.

  • NLNG exports landmark 4000th cargo

    NLNG exports landmark 4000th cargo

    The Nigeria Liquefied Natural Gas (NLNG) Ltd., says the company has reached another major milestone with the exportation of its 4,000th cargo of Liquefied Natural Gas (LNG) from its Bonny Island Terminal, Rivers State to Mamara LNG in Turkey.

    This is according to statement by the company’s General Manager, External Relations Mr Kudo Eresia-Eke, on Monday in Lagos.

    Eresia-Eke  said that the cargo shipped on board one of NLNG’s chartered vessels, LNG Sokoto was sold to Botas Petroleum Pipeline Corporation and was estimated to arrive its destination by May 14.

    He recalled that NLNG exported its first cargo on Oct. 9, 1999, to Montoir LNG Terminal, France.

    The spokesman said the company had since grown to what has been described as Africa’s largest single private sector industrial investment, safely and reliably supplying about seven per cent of total world LNG demand.

    “The Company has plans to expand its production capacity at its six-train plant complex, the fourth largest LNG plant in the world, from 22 million tonnes per annum (mtpa) to some 30 mtpa.

    “These plans are expected to stimulate upstream gas development of the country’s vast gas resources.

    “This attracts about 15 billion dollars of foreign direct investments in the upstream alone as well as another 10 billion dollars  in the construction of the trains,” it stated.

    The company’s Managing Director and Chief Executive Officer, Mr Tony Attah said he was excited about the milestone achievement by the company.

    “I am excited about this milestone which would not have been possible without the shared vision within our Company of helping to build a better Nigeria.

    “Our core values of integrity, teamwork, respect, excellence and caring; the commitment of our staff; and the cooperation from government and shareholders as well as other stakeholders including our loyal customers.

    “This milestone is coming at a crucial time. It symbolises many things.

    “It signifies that NLNG remains a successful company.

    “At 4000th cargo, we have shown the world that NLNG is a world-class company, safely and reliably delivering clean energy to its customers.

    “Secondly, and most importantly for Nigeria, it shows that it is time for gas; it is time to encourage this success story.

    “This is the time to unleash the country’s gas potentials through catalysts like Trains 7 and 8 to spur industrial and economic transformation.

    “NLNG is a success that we need to sustain as an inspiration to the country.

    “It has generated 90 billion dollars  in revenues as well as paid 5.5 billion dollars in taxes.

    “The Company has generated 13 billion dollars  for the Federal Government through feedgas purchases and US$15 billion in dividends.

    “While monetising the country’s gas resources, the company has contributed to the reduction in gas flaring from about 65 per cent before it commenced operations to less than 20 per cent today.

    “NLNG has contributed significantly to the domestic LPG industry, supplying some 40 per cent of the cooking gas available to Nigerian homes and businesses.

    This intervention continues as part of strategies and initiatives aimed at deepening the availability and usage of cooking gas in the country,” he said.

    News Agency of Nigeria (NAN) recalled that the same company in Turkey received the company’s historic 3,000 cargo in 2014.

  • NLNG to resume gas supply after pipeline explosion

    NLNG to resume gas supply after pipeline explosion

    The Nigeria Liquefied Natural Gas (NLNG) Ltd. says it is rectifying the pipelines which exploded on Feb. 22 in Rivers, to ensure resumption of industrial gas supply within the week.

    Mr. Tony Attah, the Managing Director and Chief Executive Officer of NLNG told the News Agency of Nigeria (NAN) in a telephone interview on Monday in Lagos, that engineers had been mobilized to restore supply quickly.

    According to Attah, the gas transmission pipelines do not belong to the company but have same right of way with NLNG pipelines.

    “The pipeline that exploded belongs to a third party which houses our own pipeline too.

    “Our engineers are working with the other engineers to see that we restore the pipeline back.

    “The pipelines will be restored this week and gas transmission will commence immediately,” he said.

    He, however, said that the explosion did not affect the domestic supply of Liquefied Petroleum Gas (LPG), which is cooking gas, for local consumption.

    According to him, the company is committed to providing up to 250,000 tonnes of LPG, about 40 per cent of local consumption, to the Nigerian market annually.

    NAN recalls that on Feb. 22, the Right of Way housing two gas transmission system pipelines, one of which belongs to NLNG Ltd., exploded in Rivers.

    The General Manager, External Relations Division of NLNG, Kudo Eresia-Eke, said in a statement on Feb. 23 that the explosion occurred in Rumuji area of the state, but no life was lost.

     

  • No recent gas pipeline explosion – NLNG

    No recent gas pipeline explosion – NLNG

    Mr. Tony Attah, the Chief Executive Officer of the Nigeria Liquefied Natural Gas Limited (NLNG) says there is no recent explosion at any of its gas pipelines.

    Attah said this in Abuja on Wednesday while speaking to newsmen on the sidelines of the ongoing 2017 Nigeria Oil and Gas Conference and Exhibition (NOG).

    “Let me first correct the impression that the explosion was on NLNG line. I read a few things from you saying that NLNG pipeline exploded.

    “No, the pipeline does not belong to us, it is true that we also have a line in the same corridor but in this instance, it is not our line.

    “But we are partnering with the company whose line is impacted to ensure that we restore operations.

    “We are not receiving gas from them as at moment because of the situation but we are working to have them come back because if they are back, we are sure to receive more supply to fill our trans 1-6 as you can expect.’’

    He said within the next one to two weeks it was hoped that the pipeline would be restored.

    Attah explained that he was not aware of anyone’s death as a result of the explosion, “this line is in a very remote area, a minimum of 2-4 kilometers from the habited location.

    “It is quite an unfortunate incident for this company but it is certainly not an NLNG line. I must emphasise that to you,”, he said.

    Rating the performances of 2016, Attah said that the market was down but there was hope that there would be a better performance this year.

    “People will think it was only oil price that was down, gas price was down as well, but we are very excited at the recent development with the improvement in the market.

    “We are also seeing some improvement upwards but we are also seeing improving demands in the India, China and some Asians are beginning to take centre stage again.

    “We have to rely on Europe as the central point, which is the sink to receive in the phase of reduced demand.

    “So last year was tough year and it forced a lot of tightening but we will see more hope in 2017,’’ he said.

     

  • NLNG: Omotowa hands over to Attah

    NLNG: Omotowa hands over to Attah

    The leadership transition at Nigeria Liquified Natural Gas Limited (NLNG) ended at the weekend in Abuja with the former Managing Director/Chief Executive Officer, Babs Omotowa handing-over the symbolic NLNG Key to his successor, Tony Attah.

    This took place at farewell and welcome ceremony held in honour of the executives, the NLNG Key changed hands, marking the formal end and the commencement of the tenures of Omotowa and Attah respectively.

    In his farewell remarks, Omotowa noted that the NLNG is an inspiration and it is changing the narrative about Nigeria; same as Daewoo in South Korea, Mercedes in Germany, Toyota in Japan, etc., while maintaining that all hands must be together to protect this jewel.

    “It has been an amazing five years that I have been privileged to occupy the position.

    I thank President Muhammadu Buhari and Vice President Yemi Osinbajo for leadership and support to NLNG. We met with the president last year and he gave us tremendous support. He was really concerned about the growth of the company.

    “I wished we implemented the growth programme with a Train 7 in play now. The increase in volume by 40% would have counteracted the 60% decline in crude oil price,” he said.

    Receiving the NLNG Key, Managing Director/Chief Executive Officer of NLNG, Tony Attah said that the company is committed to the construction of Train 7, saying that with the instability in the industry, the company has no choice but to grow value and competitiveness in the global LNG market.

    “Our reality today is that as a business, we are again faced with significant challenges from within and without. Fuelled mainly by oversupply and under performing global economies, international energy prices are once more travelling southwards. While domestically, the insecurity which bedevilled our industry and others several years ago will appear to be unfortunately returning to the headlines.

    “Today’s reality means that as a company which wants to continue being successful, we will most definitely have to think and act differently going forward. And I strongly believe-because I have seen it- that at Nigeria LNG we have the talent, the resources and most importantly, the will to continue to be successful and extraordinary.  Successful entrepreneurs go above and beyond in everything that they do. They, more than anyone else, know that without the right skills and the will to achieve their goals, there won’t be any ‘extra’ in their ‘ordinary’. That is what today holds for us all – the opportunity to do better than we did yesterday and the day before that. I believe that this is why today is called ‘the present’; it is a gift, and we must accept it with equal quantities of grace, appetite and commitment,” he said.

    He commended the NLNG Board of Directors, led by its chairman, Chief Dr LongJohn, for the continuing support, describing the directors as “leaders whose relentless creativity, commitment and zeal have served us tremendously well over the years, and whose qualities we look forward to benefitting from, well into the future.”

    On his predecessor, he said “anything other than success in Bab’s assignment five years ago would perhaps have meant that Nigeria would return to the top of the international gas flaring table. It would have meant that at NLNG, we would be wondering about who we are, corporate culture-wise. It would have meant that NNPC and other shareholders would have to look elsewhere for several billions of dollars in revenues over the years. It would have left Nigeria without approximately $6 billion in much needed taxes.”

    Speaking on behalf of NLNG Management and staff, the Deputy MD, Sadeeq Mai-Bornu, in his remarks assured the MD of support. “Be assured that I and the rest of the NLNG family welcome you with open arms, and are ready to give you all the support which enabled your predecessor to safely excel at his job. As you already know, there is not likely to be much rest, but we wish you plenty of excitement and fulfillment in the days ahead.”

    Former MD, Omotowa, left NLNG over the weekend to join the Shell Upstream International Leadership Team as Vice President Safety and Environment (S&E) at The Hague, Netherlands.

    Recall that the NLNG is owned by four shareholders, namely, the Federal Government of Nigeria, represented by the Nigerian National Petroleum Corporation, NNPC (49%),  Shell Gas BV, SGBV, (25.6%), Total LNG Nigeria Limited (15%), and Eni International (N.A,) N. V. S. a. r. l (10.4%).

    The ceremony was graced by representatives of the Federal Government, Minister of Transportation, Rt Honourable Chibuike Rotimi Amaechi and Minister of Environment, Honourable Aisha Mohammed; Rivers State Governor, Nyesom Wike, ably represented by the Rivers State Deputy Governor, Dr Ipalibo Banigo; members of the NLNG Board of Directors; Permanent Secretaries including that of the Ministry of Petroleum, Dr Jamila Shu’ara; Chief Executives and top of officials of key Government and private organizations, former NLNG Deputy MDs and dignitaries in Nigeria’s oil and gas sector and beyond.