Nigeria’s energy transition requires solar driven capacity of 5GW yearly
Olusola Bello
February 27, 2022
By Olusola Bello Nigeria’s energy transition requires a solar-driven capacity increase at an unprecedented scale, amounting to over 5GW of additional capacity per year for 40 years until 2060. Sharon Ikeazor, minister of state for environment, appearing in Lagos at the 19TH annual Aret Adams Memorial Lecture 2022, with the theme: “Global Energy […]
SAIPEC 2022: Experts highlight relevance of gas in Africa’s decarbonisation goal
Onome AmugeFebruary 25, 2022
Gas will continue to be a good source of fuel and a top priority in Africa’s energy transition towards decarbonisation as the continent sets forth towards generating environmentally-friendly energy resources. Representatives of the International Oil Companies (IOCs) made the assertion during a panel session of the 6th annual sub-Saharan African International Petroleum Exhibition and Conference […]
Nigeria to extract more value as focus shifts to natural gas
Charles AbuedeFebruary 24, 2022
President Buhari tells gas exporters in Doha Nigeria’s federal government has made known its intentions to pan investment focus on natural gas exploitation in the country. President Muhammadu Buhari, at the 6th Gas Exporting Countries Forum (GECF) Summit in Doha, Qatar, on Tuesday, said the enactment of the Petroleum Industry Act (PIA) […]
24 solar mini-grid projects to birth as 8 developers get REA grants
Olusola BelloFebruary 22, 2022
By Olusola Bello EU, Germany provide financial, technical support Projects under IMAS project 138,000 people to benefit from clean electricity Eight local solar mini-grid developers have received grants through the Rural Electrification Agency (REA) with the financial and technical support of the European Union and the German Government within the framework of the […]
Fuel scarcity: Bad leadership, greedy public pile misery for all
Olusola BelloFebruary 22, 2022
By Olusola Bello There is no doubt that Nigerians are going through hard times because they currently lack some of the basic things that could make life better for them. For instance, there is no fuel, no electricity. These essential resources are lacking all over the country because of bad leadership and it does […]
SPDC, Shell go to Owerri court to appeal $1.95bn judgement debt
Phillip IsakpaFebruary 21, 2022
Shell Petroleum Development Company (SPDC), Shell International United Kingdom and Shell International Exploration and Production BV (SIE&P), Netherlands, will be heading to the appeal court in the Owerri division on Thursday to begin the process of trying to convince an appeal panel to upturn an N800 billion or $1.95 billion judgement debt that has entered […]
Fuel scarcity: Bad leadership, greedy public pile misery for all
Olusola BelloFebruary 21, 2022
By Olusola Bello There is no doubt that Nigerians are going through hard times because they currently lack some of the basic things that could make life better for them. For instance, there is no fuel, no electricity. These essential resources are lacking all over the country because of bad leadership and it does […]
Fuel scarcity threatens GDP, employment rates, says NBS chief
Onome AmugeFebruary 16, 2022
The fuel crisis being currently experienced by consumers across the country is likely to create an artificial shock that would have an adverse impact on not only Nigeria’s inflation rate, but also other macroeconomic variables, such as the gross domestic product (GDP) and the unemployment rates, says Simon Harry, Nigeria’s statistician general. Harry, who […]
Nigerian oil industry operators should invest in technology – Huawei chief
Onome AmugeFebruary 16, 2022
The future of the oil and gas industry is shaping up to be bright as energy companies around the world begin to recover in the aftermath of the Covid-19 pandemic. And in order to make the most of this opportunity, Nigerian operators need to rise to the surge in demand by setting up a number […]
Deploy digital technologies to protect oil, gas infrastructure, says PETAN
Onome AmugeFebruary 15, 2022
The Petroleum Technology Association of Nigeria (PETAN), a leading organisation that represents oilfield services and technology companies operating across upstream through to downstream projects, in response to recent incidents of oil spills and FPSO explosions on critical infrastructures in Nigeria, has proffered strategies to safeguard critical infrastructures and boost the Nigerian content in the oil […]