Nigeria is estimated to have lost more than $40 billion or N6.3 trillion investments in the last two years as a result of uncertainties in the oil and gas sector. Specifically, oil companies have held back over $40 billion worth of investment while waiting to see what happens, sequel to regulatory uncertainty. Sweeping reforms to taxes and royalties, transparency, local participation and the Nigerian National Petroleum Corporation, NNPC, have been promised since 2007.

The Managing Director, Powercell Limited, Mr. Tayo Balogun, in this interview speaks about the use of Uninterrupted Power Supply, UPS and Inverter systems to promote sustainable energy supply.

The Nigerian Content Development and Monitoring Board (NCDMB) and the Presidential Amnesty Programme have begun to work together towards creating employment opportunities in the Oil and Gas Industry for ex-militants who have undergone specialized training programmes.

The people of Otumara Community, Warri South Local Government Area of Delta State, have asked the Shell Petroleum Development Company Limited, SPDC, to halt a proposed gas plant project in the area, or, on the alternative, give them adequate compensation to relocate, before the company can go ahead to site its proposed gas plant in the area.

In the 10th century, the Arabian physician Masawaih al-Mardini (Mesue the Younger) wrote of his experiments in extracting oil from “some kind of bituminous shale”.The first shale oil extraction patent was granted by the British Crown in 1684 to three people who had “found a way to extract and make great quantities of pitch, tarr, and oyle out of a sort of stone”.