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Fuel Price Hikes and Scarcity: The Ripple Effect on Nigeria’s Economy

fuel

Fuel scarcity and price hikes are not new issues in Nigeria, but their recurrence has significant implications for the nation’s economy. As the largest oil producer in Africa, Nigeria paradoxically faces frequent challenges in maintaining a stable and affordable fuel supply for its citizens. The recent surge in fuel prices and the ongoing scarcity have […]

Can Innovation Alone Solve the Energy Crisis?

energy

Seplat Energy Plc has shown its determination to lead innovations in Nigeria’s oil and gas sector through technology. At the just concluded Seplat Technology Summit in Lagos, the Chief Executive Officer of Seplat Energy, Roger Brown, emphasised the vital role of technological advancements in advancing the energy sector. Brown, who was represented by the Chief […]

Nigeria Economy faces threats with 1.4m bpd crude output

oil and gas

THE outlook for Nigeria’s oil output, including condensate, remains gloomy at 1.4 million barrels per day, mbpd, in the second half of 2024, according to industry data and forecast. The output forecast is far below the 1.8mbpd quota given to Nigeria by the Organisation of Petroleum Exporting Countries, OPEC, as well as the 1.7mbpd stated as 2024 […]

Challenges Faced When Implementing Effective Drilling Waste Management Practices

drilling waste management

Introduction  In today’s environmentally conscious world, effective waste management is a critical component of sustainable business practices. Proper waste management not only helps protect the environment but also ensures compliance with regulations and enhances operational efficiency. However, implementing effective waste management practices is not without its challenges. In this blog post, we will explore the […]