The course introduces students to fundamentals of law, with an objective of enhancing basic understanding of notions, concepts, nature and applications of law in diverse corporate environments, particularly Nigeria's petroleum, energy and mining industries.The course further presents concisely a wide spectrum of theoretical and practical guide to underlying foundations of legal reasoning applied in formulating, drafting and interpreting sector-specific legislations, contractual documents and international legal documents.
The course examines economic theory, empirical perspectives, and political economy of petroleum supply and demand. It aims to broaden students' knowledge in local, national, and global markets for oil, natural gas and public policies affecting energy markets, including taxation, price regulation and deregulation.
The objective of the course is to facilitate a thorough understanding of all the necessary concepts of capital investment evaluation, capital budgeting, and investment decision criteria available and their applications in the oil and gas industry. The course describes the philosophy, process, and methods underlying upstream capital investment evaluation and rational economic decisions under different stages of risk and uncertainty.
The course will provide students with a working knowledge of power systems and electricity industry restructuring, its impact on industry regulation, and the role of environmental concerns and the development of alternative generation technologies.
The course covers renewable energy technologies, economics and policy and is intended to provide an overview of renewable energy concepts, issues relevant to the technologies currently used for providing energy services through renewable energy resources. The course also provides understanding and relevant knowledge in analysing the integration of renewable energy into the global energy system and emerging issues in renewable energy development along the areas of gender, energy poverty, innovation and new energy technologies.
The Science of Climate Change, Economic instrument, discount trade and climate change, introduction to life Cycle Assessment (LCA) of energy technology, calculation of carbon intensity of national energy generation systems and green gas (GHG) savings; global environmental benefits of renewable energy technology projects; international climates and environmental conventions; carbon market and clean development mechanisms (CDM); CDM methodologies for clean energies and energy efficiency projects; C02 capture and storage projects; policy options to mitigate emissions.
The course examines the financing options for energy ventures, especially where the attributes above call for multiple sources of funding and sometimes complex arrangements. It also examines how, after funding is secured and relevant projects have been selected, the finance function is integral to the management of projects to ensure successful completion.
The course complements CEE 717: Energy Finance & Project Management. Building on the concepts in CEE 717, this course focuses on the methods and procedures for deciding whether or not to invest in an energy venture. Given that demand for investment capital is driven by the availability of positive investment decisions, this course is concerned with how to select combinations of investment projects and financing options to maximize return on investment while minimizing the risks to which the company is exposed as a result of such decisions.
The objective of this course is to provide students with the required knowledge and skills to perform efficiently as professionals in the Natural Gas sector and to directly meet the needs of Nigerian gas industry by enabling students to be immediately functional in the workplace. Contemporary industry problems and fundamental issues central to the emerging Nigerian Gas Industry will be analysed and discussed through case studies.
An information system represents the nervous system of an organization, institution or society. Accordingly, effective and efficient information systems are required to support energy systems studies, planning, implementation and operation at both the micro and macro organizational levels. Specific topics taught in the course include: