Category: Editorial
Commercialising flared gas in Nigeria (Part 1)
Introduction The Nigerian Gas Flare Commercialization Programme (NGFCP) was launched by President of the Federal Republic of Nigeria, Muhammadu Buhari, in his capacity as the Minister of Petroleum Resources (Minister) on 13th December, 2016. The objective of the NGFCP is to establish a bankable commercial framework for the monetization of flare gas, by providing flare…
The most important oil factor in 2019
By Nick Cunningham The oil market is heading towards rebalancing this year, most analysts seem to think, with OPEC+ production cuts, combined with a potential slowdown in U.S. shale eating away at the surplus. However, the “rebalancing” all hinges on the steady demand growth projections that most analysts have at the heart of their forecasts….
The next big step in oil and gas tech
By Irina Slav The oil industry, it seems, has gone all-in on digital technology, having gotten an early taste of how much various solutions can influence its cost discipline and bottom lines. Last month, Oilprice wrote how some in the digital tech field expected artificial intelligence for the oil and gas industry to pass from…
Is solar growth really lagging?
By Haley Zaremba Solar makes sense. It’s cost efficient, it’s eco-friendly and has no carbon footprint, electricity is generated in the same grid where it is consumed, and the price of installing panels on residential rooftops is a fraction of what it cost just ten years ago, even after Donald Trump’s prohibitive tariffs slapped on…
Between Gencos, TCN and Discos
The blame game over the electricity shortage across the country continued last week when government accused Electricity Distribution Companies (Discos) of low investment in their networks. Minister of State for Power, Works and Housing Mustapha Shehuri made the accusation in Uyo, when he voiced out his dissatisfaction over the inability of Discos to distribute available…
The opportunity cost of an opportunity lost: An open letter by Bertrand Piccard to COP24 Negotiators
By Bertrand Piccard Dear COP24 Negotiators, during these next couple of weeks, in Katowice, Poland, you will have to decide on measures urgently needed to ensure the future quality of life on earth for humanity. That is what COP24 is all about. You understand better than most the dramatic consequences of even a small increase…
Report of Lagos Pre-COP24 Dialogue
Theme: NDCs Implementation by Nations: Nigeria’s Progress The Center for Agriculture and Climate Change was supported by the United Nations Information Center (UNIC) Lagos, in hosting the first ever Preparatory Conference of Parties (Pre-COP 24) Dialogue in Lagos, Nigeria’s and West Africa’s largest economic center. This was ahead of the UN Conference of Parties at…
IEA: Clean energy needs to grow faster for Paris goals
If electricity markets continue to depend on coal-fired power plants – which today account for a third of CO2 emissions – or gas-fired power plants, countries will not be able to meet the long-term climate objectives of the Paris Agreement, the International Energy Agency (IEA) has warned. In its latest World Energy Outlook 2018 report,…
Ensuring local content on NLNG Train-7 project
In its efforts aimed at maximising local content, advancing employment opportunities as well as patronising competent Nigerian contractors to provide technical and non-technical services and support that would contribute to national economic development and that of stakeholders, clients, companies, employees and contractors in the country, the Federal Government has set a minimum local content target…
X-raying mystery behind pre-paid meter fraud
The narration of estimated billings and unreliable power supply in Nigeria has for years been a source of concern for electricity consumers. Estimated billings are bills that do not reflect the correct status of energy consumed. Such bills far exceeding what a customer could have consumed within the billing period. Hence, consumers are often reluctant…