Nigeria Petroleum Industry Reforms: The Elements of The Petroleum Host and Impacted Communities Bill (PHICB)

Jul 28, 2018

Preamble One of the fora for informing Petroleum Host and Impacted Communities on the content of the Bill was organized by Emerald Energy Institute (For Petroleum & Energy Economics, Policy and Strategic Studies) EEI, University of Port Harcourt, under the auspices of FOSTER Ltd (the Sponsor). Dr. Adigwe, a Petroleum Consultant working with the Senate…

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Technological Changes & Emerging Paradigm Shift in Global Energy: Threats & Opportunities for Developing Countries

May 28, 2018

The evolution of the global energy sector provides opportunities as well as challenges for countries whose economies are largely dependent on fossil fuels revenue. For most mono-product economies (like Nigeria) budgets are based on revenues from those commodities; and as such, are exposed to price volatility in the international commodity markets. For decades, fossil fuels…

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Gas Production and Utilization in Nigeria: Problems and Prospects

May 17, 2018

For domestic natural gas utilization to increase significantly, the International Oil Companies (IOC’s) will have to meet their domestic gas supply obligation (DGSO) targets. The Nigerian Gas Master Plan (GMP) stipulated a revised transitional pricing structure for gas to power projects in 2010, and ultimately a price of $2.50 per MMBTU was set in 2014…

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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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