N1.7tn 2019 subsidy would have built 5,000MW plant, refinery, industrial parks—SPE
The Society of Petroleum Engineers (SPE) has argued that the N1.7tn spent by the Federal Government on petrol subsidy in 2019 was enough to fund the generation of 5,000 megawatts of power, construct two petrochemical plants or build two industrial…
Renewables, natural gas a perfect pair for reliable flow of power in future—Minister
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has revealed that the best pair of power sources that will drive developments in the near future remains renewable sources and natural gas. Speaking in his Ministerial Address at the…
Students, group seek NGFCP boss insights on future of oil, gas flaring in Nigeria
In view of his industry expertise and strategic handling of ongoing process to drive gas flare commercialization in Nigeria, the Program Manager of Nigerian Gas Flare Commercialization Programme (NGFCP), Federal Ministry of Petroleum Resources, Mr Justice Derefaka, has been invited…
Can indigenous players survive as AI, digitization takeover oil operations?
The ongoing 2019 Nigeria Annual International Conference and Exhibition of the Society of Petroleum Engineers (SPE) in Lagos, has raised serious concerns on the ability of local players to catch-up with trending innovations in the oil and gas industry. Analysts…
Ghana comes, begging for more Nigerian gas for electricity, others
Energy crisis rocking Ghana can be resolved if Nigeria’s gas is sustained or even increased in volume. This was the revelation of the Minister for Energy, Ghana, Mr. Boakye Agyarko, on Tuesday at the Nigerian Annual International Conference and Exhibition…
‘Stubbornly high cost of oil production forcing FG to rest exploration’ –Minister
“The country will have to halt oil production if the cost of producing the commodity remains stubbornly high. “For me, you rather leave the oil in the ground than produce at a cost that doesn’t make sense. So, cost is…
