In August 2016, the Nigerian economy, after two consecutive quarters of declining growth, was declared to have slipped into a recession. The price of oil had fallen from highs of about $112 a barrel in 2014 to below $50 at Read More
‘Nigeria urgently needs to conduct bid rounds for gas development’
We should qualify that deadline. Base on existing reserves, you could say that our reserves will dry up in 49 years but we could still discover more oil. The post ‘Nigeria urgently needs to conduct bid rounds for gas development’ Read More
UN flagship study shows accelerating climate change on land, others
A wide-ranging UN climate report, released on last week, shows that climate change is having a major effect on all aspects of the environment, as well as on the health The post UN flagship study shows accelerating climate change on Read More
Operators focus on asset acquisitions, divestments in oil, gas industry
About 64 years after commercial oil discovery in Oloibiri Oilfield, oil and gas operators under the aegis of the Society of Petroleum Engineers (SPE), have concluded plans to explore issues bordering on the divestment of oil… The post Operators focus Read More
Stakeholders hinge economic growth on sustainable natural resources management
To curb degradation, experts have advanced the need for sustainable management of natural and environmental resources to enable Nigeria minimise economic damage The post Stakeholders hinge economic growth on sustainable natural resources management appeared first on The Guardian Nigeria News Read More
Coal investors may lose $640m to renewable energy
New research by think tank Carbon Tracker Initiative has shown that nearly $640 billion investment in coal power capacity worldwide could be lost as power from renewables The post Coal investors may lose $640m to renewable energy appeared first on Read More
Valuable energy, nutrients, water lost in world’s fast-rising streams
Vast amounts of valuable energy, agricultural nutrients, and water could potentially be recovered from the world’s fast-rising volume of municipal wastewater The post Valuable energy, nutrients, water lost in world’s fast-rising streams appeared first on The Guardian Nigeria News – Read More
Buck-passing: The long road to fixing Nigeria’s electricity challenges
Despite electoral promises, the problem with Nigeria’s power sector has remained largely unresolved in the almost five years of President Muhammadu Buhari’s administration. It has rather been characterised by buck-passing by officers of his government. FEMI ADEKOYA writes. The post Read More
Stakeholders seek speedy passage of proposed regulations for gas development
Stakeholders in Nigeria’s gas sector have advocated the speedy passage of the proposed 2019 Gas Resolutions to make the sector more effective. The industry players, who spoke at the ‘Stakeholder’s Engagement for the Review of the Mandate The post Stakeholders Read More
‘How to address redundancy in Nigeria’s refinery operations’
Considering redundancy challenges, especially poor capacity utilisation affecting refineries in Nigeria despite the huge import of refined petroleum products, Managing Director, Waltersmith Petroman Oil Limited The post ‘How to address redundancy in Nigeria’s refinery operations’ appeared first on The Guardian Read More