Skip links

EEF News & Events


News and Events in June, 2020

No description available.     No description available.    No description available.

Renewables Are Stronger Than Ever as They Power Through the Pandemic

Renewables Are Stronger Than Ever as They Power Through the Pandemic By IEA Renewable sources of electricity such as wind and solar grew at their fastest rate in two decades in 2020 and are set to expand in coming years at a much faster pace than prior to the pandemic, according to a new report […]

China Extends Oil Market Dominance As Tax Code Forces Buying Shift

China Extends Oil Market Dominance As Tax Code Forces Buying Shift By Bloomberg News China is set to extend its dominance in the global oil market as planned tax adjustments spark a chain reaction, prompting processors to boost crude imports and raise refinery run rates. From mid-June, the top crude importer will introduce a levy […]

Nigerian Government Begins Gas Flare Reduction With Award Of Licenses

Nigerian Government Begins Gas Flare Reduction With Award Of Licenses By Kingsley Jeremiah The Federal Government will award licenses under the Nigerian Gas Flare Commercialization Programme (NGFCP) in June to qualified bidders as part of efforts to end gas flaring in the country and expand her gas footprint. Minister of State for Petroleum Resources, Timipre […]

PIB 2020: A Perspective On The Provisions On Host Communities

PIB 2020: A Perspective On The Provisions On Host Communities By Omowunmi Iledare, PhD (GNPC Professor & Chair in Petroleum Economics) PREAMBLE: The Constitution of Nigeria empowers the Nigeria National Assembly to prescribe laws in such a manner as to optimally manage oil and gas resources in Nigeria. Thus, the Host Community Development Chapter in […]

PETROLEUM INDUSTRY BILL 2020: Perspectives on the NNPC Limited Provisions

PETROLEUM INDUSTRY BILL 2020: Perspectives on the NNPC Limited Provisions By Omowunmi Iledare, PhD (GNPC Professor & Chair in Petroleum Economics) Preamble The 65 Sections on Petroleum Industry Governance and Institutions (PIGI) in the Chapter One of Petroleum Industry Bill (PIB) 2020 seek to eliminate the amorphous governance and institutional ineptness that have undermined Nigeria […]

PETROLEUM INDUSTRY BILL 2020: Perspectives on the Governance and Institution Provisions

PETROLEUM INDUSTRY BILL 2020: Perspectives on the Governance and Institution Provisions By Omowunmi Iledare, PhD (GNPC Professor & Chair in Petroleum Economics) Preamble Decades of delay in enacting a Petroleum Industry Reform Bill to manage the Nigeria petroleum resources effectively and efficiently, despite many attempts, have caused dwindling revenue, diversion of major investments, extremely low […]

The Fiscal Provisions In The 2020 Petroleum Industry Bill

The Fiscal Provisions In The 2020 Petroleum Industry Bill By Omowunmi Iledare, PhD (GNPC Professor & Chair in Petroleum Economics)   The challenges facing the petroleum industry in Nigeria, in the last ten years, include but not limited to declining number of active rigs, declining number of producing wells, declining reserves additions, declining production, declining […]

Petroleum Product Price Deregulation And Subsidy Removal In Nigeria

Petroleum Product Price Deregulation And Subsidy Removal In Nigeria By Omowunmi Iledare, PhD (GNPC Professor & Chair in Petroleum Economics)               Preamble In an environment where perfectly competitive petroleum downstream market exists, the inkling for price regulation or deregulation is an anomaly.  However, if the downstream market is a […]

The 2019 – 2020 Legacy Lecture

The 2019 – 2020 Legacy Lecture The Emmanuel Egbogah Foundation in line with its objective to share knowledge on the petroleum industry, collated extracts from the Emmanuel Egbogah Legacy Lecture Series 2019 and 2020 for public dissemination. The report has in details, salient points from the legacy lectures. The 2019 lecture addressed the petroleum geopolitical […]

Can Oil and Electric Vehicles Coexist in Modern Markets?

Can Oil and Electric Vehicles Coexist in Modern Markets?   By Haley Zaremba Although the novel coronavirus has wreaked havoc on many sectors of the global economy, leaving double the people unemployed in the United States as compared to February of last year, a rising long-term unemployed rate, and leading to more than 8 million [...]

News and Events in July 2020

No description available.