Featured Articles

Geologists, Insurgency, and the Way Forward

August 15, 2017 | Roundtable Discussion

By Fatima Ibrahim Maikore | – The recent abduction and murder of some geologists and engineers of the University of Maiduguri have again highlighted the perils facing professionals who work quietly in the background but whose occupational outcome is part of what is responsible for the prosperity of our nation. On the fateful day of Tuesday, July 25, 2017 the NNPC/University of Maiduguri Exploration team and a detachment of Nigerian Army and Civilian JTFs were attacked by some insurgents, while in the line of duty. …

Nigeria’s Non-Oil Exports and the Quest for Federalism

August 03, 2017 | Latest Featured Articles

By Ugochukwu Joseph Amasike | – Devolution of powers to the states would serve as a catalyst for the development of non-oil exports, restart Nigeria’s industrialisation-drive, create jobs and strengthen the economy as a whole. The need to diversify Nigeria’s revenue base has continued to gain traction by the day, especially in light of recent economic challenges that were largely occasioned by over-dependence on oil and gas revenue. The drastic fall in oil prices in 2015 and the consequential foreign exchange crisis it triggered, reverberated …

A Common Cause for Sustainable Growth and Stability in Central Africa

August 01, 2017 | Roundtable Discussion

By Abebe Aemro Selassie | – Six countries in central Africa have been hit hard by the collapse in commodity prices. Oil prices dropped, economic growth stalled, public debt rose, and foreign exchange reserves declined. A delayed response from policymakers, and a regional conflict have worsened the situation further for people in the region. The countries of the Central African Economic and Monetary Community are Gabon, Cameroon, Chad, the Central African Republic, the Republic of Congo, and Equatorial Guinea. They share a common currency—the CFA franc—that is pegged to the euro, and have …

It’s War: Nuclear Versus Renewables

June 29, 2017 | Technology Reviews

Robert J. Traydon | – Our Energy Minister, Mmamoloko Kubayi, recently attended the AtomExpo Nuclear Conference in Moscow, where she assured the Russians that South Africa is still on the nuclear train. Almost simultaneously, an inter-governmental task team led by the Deputy Energy Minister, Thembisile Majola, informed Parliament of a further delay with respect to the renewable train: dilly-dallying endangering SA’s renewable programme. The task team gave Parliament the following reasons for Eskom’s deferment in signing R58bn worth of power purchase agreements with various independent power producers …

First Crude Tankers set sail from Nigeria’s Forcados since October

June 02, 2017 | Field Case Studies

By Tsvetana Paraskova | – LondonTwo Suezmax tankers fully laden with crude oil set sail from Nigeria’s Forcados terminal over the past few days, according to Platts shipping data, in what appears to be a tentative resumption of shipments of one of the country’s top export grades that has been offline since October last year. According to Platts trade flow software cFlow, the Suezmax Densa Orca left Forcados on Sunday, and the Suezmax Astro Perseus departed from Forcados on Tuesday. It was not immediately clear where the …

OPEC Versus U.S. Shale: What’s Next for Oil Prices?

May 19, 2017 | Latest Featured Articles

By  Erik Norland | – Saudi Arabia, the top exporter among oil producers grouped under the Organization of Petroleum Exporting Countries (OPEC), and Russia announced on May 15 that they favoured extending production cuts for an additional nine months into 2018, rallying oil prices. The celebrations, however, might be short-lived. As we have pointed out on several occasions, fracking technology has made the United States a major swing producer in energy markets, diminishing the influence of Saudi Arabia and other OPEC members. OPEC members will …

Libya, Nigeria, And Iraq – A Triple Threat To The OPEC Deal

May 11, 2017 | Field Case Studies

By Nick Cunningham | – Saudi Arabia’s energy minister Khalid al-Falih tried to put the markets at ease by all but confirming that OPEC would extend its production cuts through the end of the year. He tried to talk up oil prices even further by hinting that the group might even agree to a 9-month extension. With the OPEC cuts seemingly assured for little while longer, surely the global surplus is poised to shrink in the relatively near future, pushing up prices? Perhaps. But higher production from …

How Not to Incite Oil Communities in Nigeria

April 13, 2017 | Roundtable Discussion

By Egufe Yafugborhi | – Nigeria’s Vice President Yemi Osibanjo, who, like the Minister of State for Petroleum, Ibe Kachikwu, is fond of telling people what they want to hear, declared in passing that oil companies should relocate to producing environment in the Niger Delta. Flamboyantly academic and articulate, Osibanjo flatters Niger Deltans with such promissory note and it turned instant opium that incited a legion of Niger Delta activists (jobbers or genuine), groups, communities, self-imposed leaders and crusaders into harping on “oil firms must …