June 21st, 2008 | by Imnakoya | published in Energy, Governance, Nigeria, Oil
Nigeria crude oil production may decline by as much as 30% as the oil sector suffered two devastating blows on the Bonga and Escravos oilfields. The attacks occurred within the last seven days.
Royal Dutch Shell operates the floating Bonga offshore facility that produces about 200,000 barrels per day. Chevron produces 120,000 barrels per day […]
April 30th, 2008 | by Imnakoya | published in Africa, Business and Entrepreneurship, Energy, Nigeria
I’m all for a greener earth and healthier environment. However, the current global drive to produce crop-derived ethanol or biofuel as a substitute for fossil fuel may just be a double-edged sword for Nigeria and Africa in general.
Ethanol (ethanol fuel) is being used as an additive to gasoline (petrol) in most modern economies, and […]
April 6th, 2008 | by Imnakoya | published in Energy, Nigeria, Oil, Technology
Natural gas is a by-product of the oil drilling, and Nigeria flares the largest quantity in the world. The Nigerian National Petroleum Corporation (NNPC) told the House Committee on Petroleum that meeting the government’s target to end gas flaring by 2009 is unrealistic without proper funding.
Even Shell said it would cost about $6 billion USD […]
February 11th, 2008 | by Imnakoya | published in Energy, Nigeria
The Honorary Strategic Adviser to President Umaru Musa Yar’Adua on Energy, Dr. Rilwanu Lukman, issued a bleak report on the Nigerian power sector:
Lukman said the hope of generating electricity above 4000 megawatt this year was unattainable. He stated that although the nation’s short term demand was 8000MW, only 4000MW could be attained A target […]
September 27th, 2006 | by Imnakoya | published in Energy, Nigeria, Technology
Nigeria to build nuclear power plant. Peter Griffiths, editor of Business in Africa online muses via BiA newsletter:
“Nigeria sees nuclear as a method of securing power post-oil. At some point oil will run out and so this move seems wise enough, however, Nigeria can’t even produce enough energy now and has actually gone backwards over […]
