Looks Olokola LNG project is very much alive.
Then Dangote is trying to building the biggest seaport in Olokola and a purported LNG project.
Hmmm, 🤔. Are you thinking what I am thinking ?
Could Dangote be the investor to take up the OKLNG project ?
Shell Nigeria Exploration and Production Company has begun planned maintenance on its Bonga deepwater oil vessel, a move that will temporarily cut Nigeria’s oil export capacity by about 225,000 barrels per day but could extend the asset’s lifespan, the company said on Sunday.
The Bonga Floating Production Storage and Offloading unit, Nigeria’s first deepwater project, located about 120 km offshore in water depths over 1,000 metres, can also produce up to 150 million standard cubic feet of gas per day.
SNEPCo Managing Director Ronald Adams said the work – covering statutory inspections, regulatory checks, major integrity upgrades and engineering modifications – was designed to keep the facility running safely and efficiently for another 15 years.
“We expect to resume operations in March following the completion of the turnaround”- Adams said.
God abeg ooh
At First HoldCo we decided to clean house properly. We took a huge one time hit of ₦748bn to admit old bad loans instead of pretending they do not exist. That is why profit looks like it crashed by 92%. Painful headline, but it is a serious long term move.
Another one:
Shell Companies in Nigeria on Thursday announced plans to invest US$20 billion in the Bonga South West oil project
It is Estimated to hold almost 1 billion barrels of oil 🤯, Shell Bonga South West may require one of the largest FPSO ever built with topsides to weight 35,000 to 40,000 tonnes.
According to the conclusions of thefront end engineering and design (FEED), Shell Bonga South West FPSO should have capacities of:
– 225,000 barrels per day (b/d) for oil processing
– 270 million cubic feet per day (cf/d) natural gas processing
– 2.5 million barrels of oil storage
– 400,000 b/d of water injection
President Tinubu
@officialABAT@aonanuga1956
We should start discussing how to buy and build our own submarine. We know it cost above $1.5bn
Protect the Gulf of Guinea at all cost. 📌
@OpeBee Bonga SW should be somewhere deep offshore Delta state because it is in the west of the current Bonga field, which is in deep offshore between Bayelsa and Delta states. I used to fly close to an hour from PH to Bonga FPSO and 2hrs from Lagos.
Bonga South West isn’t in South West, Nigeria.
Also called OML 118, is a big offshore field located within the Gulf of Guinea.
It’s hard to really say what state it falls under but I’d say between Bayelsa and Rivers.
Within the field, we have had two more discoveries ( Bonga North and Bonga South West).
The field is said to have a reserve of over 6 billion barrels of crude oil.
Last exploration and discovery was in 2004( Bonga North).
We are very keen to invest in Nigeria. But I'll say this hasn't always been the case. Your leadership has created an investment climate over the last few years that has propelled Shell to invest in Nigeria.
- Shell GCEO, Wael Sawan, tells President Tinubu as he announces plans to invest a fresh $20 billion in Bonga South West oil project, after investing $7 billion in Bonga North in the past 13 months
“My expectation is clear: Bonga South West must reach a Final Investment Decision within the first term of this administration.”
Profound statement from Mr President.
He is fully aware of happenings in the oil sector.
Completion of phase one of South West Aparo project immediately raises oil production by 150,000 bpd . Completion of other phases raises production by 250,000 bpd.
This is one project i have been tracking for 3 years and feelers from the project are exciting
With a dedicated team, advanced technology, and a passion for excellence, we are redefining what it means to deliver value in the oilfield and energy services industry.
Together, we are Powering Progress Across Energy Frontiers.
Chris Aloysius
CEO
Consulate Energy Ltd.
Reflecting on the first week of work in 2026, @realFemiOtedola and @TonyOElumelu have given us a roaring start already.
With the Geregu exit, Femi turned an investment in power into a landmark deal, while simultaneously deepening his position in banking. This speaks to deft positioning. Femi, you backed investor foresight with conviction and knew exactly when to act decisively.
The mark of an exceptional investor is not simply in making an investment. The mastery lies in knowing when to exit. This, I must admit, was executed in spectacular fashion. 🙇🏾♂️🙇🏾♂️🙇🏾♂️
For Tony, stepping into Seplat as a major shareholder is a long, deliberate bet on African capability; on ownership; on governance and on the belief that our energy future should increasingly be shaped by those who live and build at home.
These are exceptional deals that set the tone not just for the year ahead, but for how value is truly created.
Well done, my brothers. #winning
12 Things I Learned From Hanging Out With Dollar Billionaires
I have met three of the wealthiest men in Nigeria and Africa, who are all dollar billionaires, and one common thread I found in each of them is simplicity. In dressing, speech and action. I also learned the following things from them:
Gain control over your money in your youth, or the lack of money will make others gain control over you in your old age.
How you spend your time affects your net worth more than how you spend your money.
If you have money but no control over your time, you are merely rich. Only when you have both money and control over your time are you truly wealthy.
If you want to make a million dollars, you must stop giving a million excuses.
If you are unwilling to invest in yourself, investors will also be reluctant to invest in you.
Money cannot buy happiness. But it can pay for experiences that produce happiness.
Real wealth is not loud. It is subtle. Billionaire money is often quiet. If anything, it is their intellect that is loud.
The rich are fixated on buying luxuries, while the wealthy are focused on building their legacies.
Riches do not come because you make wishes. Wealth only results from making plans and implementing them.
The truly wealthy don't dress to impress or according to how they want to be addressed. They dress as the situation warrants.
Wealth that feeds your pride will make your wealth slide.
Wealth turns purpose into power, while purpose turns wealth into aura.
In conclusion, my time with these gentlemen proved to me that no matter what people who don't have money say, the truth is that wealth makes every aspect of your life better than poverty. The more money you have, the more your ability to live the life of your dreams and help others achieve that level of fulfilment. Therefore, make money. But make it legitimately.
Reno Omokri
Gospeller. Deep Thinker. #TableShaker. Ruffler of the Feathers of Obidents. #1 Bestselling author of Facts Versus Fiction: The True Story of the Jonathan Years. Hodophile. Hollywood Magazine Humanitarian of the Year, 2019. Business Insider Influencer of the Year 2022. 21st Most Talked About Person in Africa, 2024.
Take care of difficult things while they are still easy. You are young. But if God spares your life, you will grow old one day. Old age does not come with strength. So now that you have the strength, bear the yoke in your youth or be the joke in your advanced years. Let your mates spend their wealth on the iPhone 17. You invest yours in the S&P 500. Suffer short-term pains so you can reap long-term gains.
#RenosNuggets
5 CONSTANT LAWS OF LIFE – EX-WAZIRI, PLEASE TAKE NOTE.
1. LAW OF ENTROPY
Things naturally drift from order to disorder unless energy is applied.
And in this context, that energy is the firm and fearless hand of the Law - the iron grip that restores sanity when chaos masquerades as freedom.
If this hand is not applied, order will bow before disorder, and reason will surrender to riot.
2. LAW OF MOTION
For every action, there is an equal and opposite reaction.
Or, in the immortal words of that great Ibadan philosopher: “Madness cures insanity.”
So, let it be known - we will not descend into lawlessness just to appease the anarchic appetites of your kind.
Those who throw stones at the throne should not cry foul when the crown strikes back.
3. LAW OF CAUSE AND EFFECT
Every effect has a cause; nothing happens by accident.
You do not stumble into the Presidency by protest, by insult, or by accident - but by pedigree, by purpose, by people’s trust, and by the unyielding proof of performance.
Leadership is not a lottery; it is the harvest of strategy, sacrifice, and service.
4. LAW OF DIMINISHING RETURNS
Beyond a point, effort without evolution yields nothing but exhaustion.
For thirty-three long years, you’ve thrust yourself before the nation’s eyes - a salesman of a stale ambition.
And as time swept by, your political value depreciated like a coin rubbed too often.
Now, the nation looks upon you not with reverence, but with weary amusement - a relic of what could have been, reduced to a public nuisance.
5. LAW OF ATTRACTION
You attract what you focus on.
While Asiwaju fixed his gaze on leadership - building bridges, nurturing successors, and forging alliances that turned opposition into prominence -
you, Sir, waged war against your benefactor OBJ in 2003, betrayed allies in 2015 (GEJ), and leapt from party to party like a castrated cricket absent principles.
Now, in the twilight of your ambition, you find kinship among insurrectionists, anarchists, and secessionists.
Remember this: you cannot attract what you constantly fight.
Dear Ex-Waziri,
After three decades of political pilgrimage, your legacy is clear - you have taught the younger generation not how to lead, but how never to lead.
You stand as a living footnote to a painful truth: longevity without legacy is mere existence.
In leadership, it is never how far, but how well.
Good afternoon, Alhaji, and Severally.
Alhadji, Shall I Begin?
I went through a horrible time in my life with three young children to feed, and that time was tough. You cannot believe how bad it was. My friend, Isaac Carter, a Solicitor, used to buy me food and drinks without me asking. We are still good friends to this day. I looked at how God had blessed and lifted me, and then I remembered him as one of my helpers. Do not give up, and your situation will change for the better. It is a matter of time. Also, remember to honour your helpers.
As a Palestinian who refuses to parrot our leadership’s lies, I have to say it bluntly: Telling Mizrahi Jews - Jews from Iraq, Yemen, Egypt, Morocco, Syria, and the rest of the Arab world, that they are doing “ethnic cleansing” to us is the gaslight of the century.
Let’s start with facts. Mizrahi Jews didn’t “come from Europe.” They lived in the Middle East for thousands of years, long before Islam, long before Arab conquest, long before any modern state. Their ancestors spoke the same ancient Hebrew mentioned in the Qur’an’s stories, they prayed facing Jerusalem, and their communities in Babylon, Damascus, and Sana’a existed for over 2,500 years. They are as indigenous to this region as the olive trees, as native to the Middle East as we are.
When Arab states turned against them in the 20th century, after Israel was established, they were ethnically cleansed: homes looted, businesses seized, citizenship revoked, synagogues burned, people lynched. Nearly a million Jews were expelled from Arab lands. Most fled to Israel with nothing.
And now, decades later, our leadership dares to call them the colonizers? The same families who were driven from Baghdad, Aleppo, and Tripoli - who rebuilt their lives from refugee camps in Israel, are accused of committing the same crime that was done to them. That’s not just hypocrisy; it’s historical amnesia.
If we truly want justice, we have to stop gaslighting our neighbors and start acknowledging that their story is Middle Eastern too.
Our liberation won’t come from denying theirs.