Firm rebrands to Nepal Energies, restates focus on renewables

Nepal Oil and Gas Services Limited has completed its rebranding process from Nepal Oil and Gas to Nepal Energies in line with the ongoing transition from a focus on fossil fuels to a renewable energy major.

In her remarks, Ngozi Ekeoma, group managing director, said that the organisation has traversed the entire downstream and midstream value chain; from pipeline and storage construction to production and shipping, haulage and maintenance, and facility management.

She highlighted the many internal struggles of the organization to solve its operational challenges and remain afloat. Earning its first marginal field award in 2020, Nepal has also stamped its mark as an upstream player.

“The year 2022 for us has been a journey! We were faced with the herculean task of onboarding multiple retail stations across the country.

“This was followed by the acquisition of more assets to expand operations, particularly our LPG business,” she said.

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In addition, she explained that the company has remained committed to achieving the United Nations Sustainable Development Goals in Nigeria through various corporate social responsibility (CSR) activities such as the School for All Initiative (SAI) and Dream Alive Initiative (DAI) to address educational challenges and its fight against the COVID-19 pandemic, Access to Clean Water Initiative, and Health Outreaches to address health issues.

“Our Operation Clothe the Widows and SOS Outreaches underline our Women and Children empowerment strategies, while Clean Up Fridays, an in-house initiative where our staff set out to clean the environment of our host communities, covers our contribution to the environment and climate action,” she concluded.

While performing the unveiling ceremony, the GMD also noted that the transition was a step in the right direction for the organisation, adding that the focus at Nepal Energies will be on developing, delivering, and maintaining renewable energy sources for our customers with efficiency, effectiveness, and in the most cost-effective way possible.

Nepal Oil & Gas Services Limited was incorporated on October 13, 2004, to carry on the business of supply, trading, and productivity support in the down, mid and upstream subsectors of the petroleum industry.