News

OPEC Cuts 2015 Demand, Says Low Prices May Slow Shale Oil Production

Global demand for OPEC crude in 2015 will be less than expected and far below its current output, the group said pointing to a hefty supply surplus without OPEC output cuts or a slowdown in the US shale boom.

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Shrinking Oil Prices, Boko Haram Affecting Nigeria’s Frontier Market Appeal

Falling oil prices, increasing insurgency and rising political tensions before a general election in February are diminishing Nigeria’s status as a prime frontier-market investment destination.

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High-Powered Delegates Convened at the Maiden CPEEL Annual Regional Conference on Energy

The maiden CPEEL Annual Regional Conference on Energy, titled “Oil and Gas in the Gulf of Guinea: Development and Management for Inclusive and Sustainable Development”, and which held between 24th and 25th November, 2014 had over 200 people in attendance from countries that made up the gulf of gu

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Subsidy Regime Clog in the Wheel of Local Oil Production, CPEEL Director

The Director, Centre for Petroleum, Energy Economics and Law, Prof.

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Nigeria, South Africa Largest Energy Demand Centres in Africa

Nigeria and South Africa have been identified as Sub-Saharan Africa’s largest energy demand centres.

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National Electricity Regulatory Commission Halts Licensing of Independent Power Projects

Further processing of license applications for the establishment of new Independent Power Projects (IPPs) in Nigeria has been halted by the Nigerian Electricity Regulatory Commission (NERC). This was stated in a briefing by the Chairman/CEO of NERC, Dr.

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Computable General Equilibrum Modeling Workshop Postponed

Computable general equilibrium (CGE) models represent a class of economic models that use actual economic data to estimate how an economy might react to changes in policy, technology or other external factors.

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60% of Crude Oil yet to be Produced by 2040 – ExxonMobil

Energy giant, ExxonMobil has stated that about 60 percent of world’s recoverable crude oil resource will have yet to be produced by 2040.

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Nigeria Proposes $78/b Oil Price Benchmark for 2015 Budget

Nigeria is proposing an oil price benchmark of $78/barrel for the purposes of revenue calculations in its 2015 budget, amid concerns over falling oil prices in the international market.

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Scholar Highlights the Importance of Communication Skills in Today’s Competitive World

In an effort to equip CPEEL students with the soft skills they require to be worthy ambassadors of the Centre, the Centre has been organizing Students’ Special Seminar Series where experienced Speakers are brought to share their knowledge and expertise on diverse issues of relevance and importanc

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