Articles

Locational Issues for Proposed Modular Refineries in the Niger Delta Region

Apr 24, 2018

With the recent government impetus and incentives for the construction of modular refineries in the Niger Delta Region, it becomes imperative for potential investors to consider key success factors in regard to the location of these refineries. Typically, a refinery should be located near demand source. This mainly applies to the medium to large scale…

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The Role of Endowments & CSR in R & D in the Petroleum Sector: University of Port Harcourt Example

Mar 27, 2018

The terms ‘endowment’ and corporate social responsibility are sometimes used interchangeably, but they are not synonymous, hence the need to make the distinction between them from the get go. Endowments refer to assets and /or funds that are invested in perpetuity by individuals, associations, or corporate bodies without a direct profit motive, unlike expendable funds…

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The Meter Asset Provider Regulations – A Review of Key Investment Protections for Investors and Meter Asset Providers

Mar 22, 2018

The Nigerian Electricity Regulatory Commission (NERC) recently issued the Meter Asset Provider Regulations 2018 (The MAP Regulation). The key regulatory objectives of the MAP Regulation are to encourage the development of independent and competitive metering services in the Nigerian Electricity Supply Industry (NESI) and to attract private investment in the provision of metering services in…

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Government Support for Modular Refineries Financing in the Niger Delta region

Mar 20, 2018

A recent publication on the 22nd February 2018 by SweetCrude, Abuja, stated that the Federal Government of Nigeria has initiated talks with potential financiers to contribute finance to investors in modular refineries in the Niger Delta region. Such financiers include Central Bank of Nigeria (CBN), International Finance Corporation (IFC), the Nigerian Sovereign Investment Authority (NSIA),…

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Implementation of Local Content Initiatives to Stimulate Economic Growth

Mar 20, 2018

The promotion of indigenous participation within the Oil and Gas sector has been at the fore front of governmental initiatives for over a decade, with steps taken in the year 2010, to provide regulation within the Oil and Gas sector through the enactment of the ‘Nigerian Oil and Gas Industry Content Development Act’ also referred…

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Optimizing the Efficacy of the Impending Flare Gas Commercialisation Programme

Nov 2, 2017

Nigeria’s abundant gas resources are its cheapest source of energy and if fully exploited can power the country’s electricity, transportation and manufacturing sectors as well as rejuvenate the petrochemical and agricultural industry, with extra to spare for sub-regional and intercontinental exports that will improve the country’s foreign exchange earnings. Unfortunately, unlocking the value of this…

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Benefits of Cooperation in Oil Marketing and Distribution among ECOWAS Nations

May 2, 2017

Prospects for economic growth are driven by energy consumption, which is dependent on availability, accessibility and affordability of the energy sources/resources. Statistics have shown that Sub-Saharan Africa countries are projected to grow in number at an average rate of 1.2%, leading to a population of about 500 million in 2035. This population growth will require…

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How Nigeria is Expanding its Solar Footprints

Oct 26, 2016

The tone of the conversation around utility-scale solar power in Nigeria is changing. Complicated conditions for fossil-based grid generation provide the needed motivation for the government and private sector to further explore clean-tech power. Solar power generation which seemed neglected is now receiving huge attention, forming the center of many power generation-focused conversations in Nigeria.…

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How to Incentivize Nigerians to Imbibe Energy Conservation Culture

Sep 5, 2016

Last week, during the Monthly Power Stakeholders’ meeting held in Maiduguri, Minister of power, works and housing, Mr. Babatunde Fashola, stressed the need for Nigerians to learn to conserve energy for stable power supply to be achieved in the country. I totally agree with Mr. Fashola because every effort to increase generation and transmission capacity in…

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Perspectives On the PIB and Balancing the Stakeholders’ Interests

Aug 25, 2016

There is a fundamental interdependence between Host Countries and the Multinational Oil Companies (MNOCs) in the development of natural resources. The interests of these two parties differ much but mainly converge on resource production-sharing. Two other major stakeholders are the National Oil Companies and the Host Communities. The fact that oil and gas resources are…

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