Articles

Infographic: How Oil Prices Affect Everything

Feb 24, 2015

“The Fossil Fuel Economy; How oil prices affect everything” is the title of an infographic, sent to Energy Mix Report by Vouchercloud. Vouchercloud carried out a research to investigate how the price of oil has had a huge effect on the global economy and how it impacts on our lives in general. The results uncovered some fascinating facts…

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Nigeria’s Marginal Oil Fields – Open Fields, Closed Gates

Jan 12, 2015

The September 1 issue of Time magazine had Republican Congressman Paul Ryan questioned by Time’s Belinda Luscombe in 10 Questions. On a question about Pope Francis calling capitalism “an economy of exclusion” Senator Ryan replied with a candid statement (Ryan is a catholic) He explained that the pope was trying to prevent a system where…

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The shale gas revolution & implications for OPEC member states

Oct 19, 2014

The existence of shale gas reserves (known as one of the unconventional gas resources) has been known for several decades, but its production had been hampered by lack of technology and low oil prices. For over a decade, the price of crude oil has been hovering around the $100 per barrel mark and this possibly…

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Nigerian Content Act 4 Years On: Laudable Achievements In Nigeria’s Oil & Gas Sector

Sep 25, 2014

In the four years since the Nigerian Oil and Gas Industry Content Development Act 2010 has been in force, a growing number of indigenous companies have begun playing more active roles in the Nigerian oil and gas industry. This feature looks at some of the notable highlights the Act has achieved thus far. The Nigerian…

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Government’s Transformation Agenda: Fixing PPMC Supply/Distribution Network

Sep 25, 2014

The Government’s Transformation Agenda, instituted by the President, Dr Goodluck Ebele Jonathan to cover the period 2011 – 2015 is anchored on Nigeria’s long-term economic development blueprint as encapsulated in Vision 20: 2020. The transformation agenda isolates a set of key priority policies and programmes which when executed are expected to yield outcomes that are…

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4 Years of Nigerian Content: Challenges Abound Despite Relative Successes

Sep 15, 2014

It is impossible to argue with the fact that there have been several major achievements with regard to the promotion of Nigerian content and also that a lot success has been recorded since President Goodluck Jonathan signed into law the Nigerian Oil and Gas Industry Content Development Act (Nigerian Content Act) on April 22, 2010.…

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Destroying Illegal Refineries In Niger Delta Region & The Idea Of Modular Refineries

Sep 15, 2014

Illegal oil refineries in Nigeria thrive on illegal oil bunkering, stolen crude oil, and vandalism of oil pipelines and other installations. Without a doubt, these illegal oil operations are reprehensible and should not be condoned for a number of reasons. Firstly, it is improper for citizens of this country to destroy oil installations in their…

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Overview of the Nigerian Oil and Gas Industry Content Development Act 2010

Aug 29, 2014

It has been four years since the Nigerian Oil and Gas Industry Content Development Act 2010 was enacted into law. This piece looks at some of the core features of the Act as well as gives an overview of the Act’s key provisions. Prior to the enactment of The Nigerian Oil and Gas Industry Content…

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Nigerian Refineries: Challenges and the Privatization Option

Aug 17, 2014

Nigeria’s minister of Petroleum Resources, Diezani Alisson Madueke, while speaking in London, United Kingdom in November 2013, stated that the country’s four refineries owned by the Federal Government will be privatized by the first quarter of this year 2014 to enhance efficiency, ensure maximum output and adequate installed capacity by the new owners. This is…

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The Need For Renewable And Alternative Energy To Ensure Stable Power Supply In Nigeria

Jul 1, 2014

Nigeria’s inability to achieve stable power supply over the last few decades is a stark pointer to the fact that its over-reliance on gas and to a lesser extent, hydro electric power sources alone need to reviewed. Though gas, due to its abundance in Nigeria, appears to be the most cost-efficient and effective means of…

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