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Energy In Nigeria
In 2018, Nigeria's primary energy consumption was about 155 Mtoe. Most of the energy comes from traditional biomass and waste, which accounted for 73.5% of total primary consumption in 2018. The rest is from fossil fuels (26.4%) and hydropower. Coal, petroleum reserves, natural gas, peat, hydroelectricity, solar and wind are major energy resources in Nigeria and the country remains a top producer of crude oil and natural gas in Africa. Its production in 2022 averaged 1.2 million barrels of oil per day (bopd), and 300 barrels per day (bpd) of condensate, making it the biggest oil producer on the continent. Nigeria has oil reserves of about 37 billion barrels and gas reserves of about 206 Tcf, ranking 10th and 8th in the world, respectively, and giving it plenty of room to further grow its hydrocarbons industry. However, Nigeria is also a member of the Organization of the Petroleum Exporting Countries (OPEC) and is frequently subject to production quotas. According to BMC, " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Reserves
An oil is any polarity (chemistry), nonpolar chemical substance that is composed primarily of Hydrocarbon, hydrocarbons and is hydrophobe, hydrophobic (does not mix with water) & lipophilicity, lipophilic (mixes with other oils). Oils are usually flammable and surfactant, surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal fats, animal, vegetable oil, vegetable, or petrochemical in origin, and may be Volatility (chemistry), volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TotalEnergies
TotalEnergies SE is a French Multinational corporation, multinational integrated energy and List of oil exploration and production companies, petroleum company founded in 1924 and one of the seven Big Oil, supermajor oil companies. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading. TotalEnergies is also a large-scale Chemical industry, chemicals manufacturer. TotalEnergies has its head office in the Tour Total in La Défense district in Courbevoie, west of Paris. The company is a component of the Euro Stoxx 50 stock market index. In the 2020 Forbes Global 2000, it was ranked as the 29th-largest public company in the world, and additionally ranked as the 25th largest company of any type on the Fortune Global 500. History 1924–1985: Compagnie française des pétroles The company was founded after Wor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shell Plc
Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New York Stock Exchange. It is one of the oil and gas "supermajors" and by revenue and profits is consistently one of the largest companies in the world. Measured by both its own emissions, and the emissions of all the fossil fuels it sells, Shell was the ninth-largest corporate producer of greenhouse gas emissions in the period 1988–2015. Shell was formed in 1907 through the merger of Royal Dutch Petroleum Company of the Netherlands and The "Shell" Transport and Trading Company of the United Kingdom. The combined company rapidly became the leading competitor of the American Standard Oil and by 1920 Shell was the largest producer of oil in the world. Shell first entered the chemicals industry in 1929. Shell was one of the " Seven Sisters" whic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bayelsa State
Bayelsa is one of the states in the South-South region of Nigeria, located in the core of the Niger Delta region. Bayelsa State was created in 1996 and was carved out from Rivers State, making it one of the newest states in the federation. Yenagoa is the capital city of Bayelsa State with most parts to have fallen within the high-risk of floods, suspects to occur annually. It shares a boundary with Rivers State to the East and Delta State to the west, with the waters of the Atlantic Ocean dominating its southern borders. It has a total area of 10, 773 km2. The state comprises eight Local Government Areas. they are Ekeremor, Kolokuma/Opokuma, Yenagoa, Nembe, Ogbia, Sagbama, Brass and Southern Ijaw. The state shares borders with Rivers State, of which it was formerly part, and Delta State. Ijaw, language is widely spoken in Bayelsa State also Isoko and Urhobo speak within their ancestral towns in the state. It is also the ancestral home of the Urhobo people in the Sagbama l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oloibiri Oilfield
Oloibiri Oilfield is an onshore oilfield located in Oloibiri in Ogbia LGA of Bayelsa State, Nigeria, about east of Port Harcourt in the Niger Delta. Oloibiri field is about and lies in a swamp within OML 29 Oloibiri Oilfield is named after Oloibiri, ano small, remote creek community, where it is located. In Nigeria, oilfields are usually named after the host community where it is located or a local landmark. Sometimes, oilfields are also given names taken from indigenous languages. The field is currently operated by Shell Petroleum Development Company of Nigeria Limited (SPDC).The field was originally operated by Shell Darcy. On 30 April 1956, Shell Darcy changed its name to Shell-BP Petroleum Development Company of Nigeria Limited to reflect BP's interest. In 1979, it changed its name again to Shell Petroleum Development Company of Nigeria Limited(SPDC) following the nationalisation of BP's interest by the government. Exploration history Oloibiri Oilfield was dis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Well
An oil well is a drillhole boring in Earth that is designed to bring petroleum oil hydrocarbons to the surface. Usually some natural gas is released as associated petroleum gas along with the oil. A well that is designed to produce only gas may be termed a gas well. Wells are created by drilling down into an oil or gas reserve that is then mounted with an extraction device such as a pumpjack which allows extraction from the reserve. Creating the wells can be an expensive process, costing at least hundreds of thousands of dollars, and costing much more when in hard to reach areas, e.g., when creating offshore oil platforms. The process of modern drilling for wells first started in the 19th century, but was made more efficient with advances to oil drilling rigs during the 20th century. Wells are frequently sold or exchanged between different oil and gas companies as an asset – in large part because during falls in price of oil and gas, a well may be unproductive, but if price ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Energy Agency
The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organisation, established in 1974, that provides policy recommendations, analysis and data on the entire global energy sector, with a recent focus on curbing carbon emissions and reaching global climate targets, including the Paris Agreement. The 31 member countries and 11 association countries of the IEA represent 75% of global energy demand. The IEA was set up under the framework of the Organisation for Economic Co-operation and Development (OECD) in the aftermath of the 1973 oil crisis to respond to physical disruptions in global oil supplies, provide data and statistics about the global oil market and energy sector, promote energy savings and conservation, and establish international technical collaboration on innovation and research. Since its founding, the IEA has also coordinated use of the oil reserves that its members are required to hold. In subsequent decades, the IEA's role expanded t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Transition
The energy transition is the process of downshifting fossil fuels and re-developing whole systems to operate on low carbon energy sources. More generally, an energy transition is a significant structural change in an energy system regarding supply and consumption. The current transition to sustainable energy is largely driven by a recognition that global greenhouse-gas emissions must be brought to zero. Since fossil fuels are the largest single source of carbon emissions, the quantity that can be produced is limited by the Paris Agreement of 2015 to keep global warming below 1.5 °C. Over 70% of our global greenhouse gas emissions result from the energy sector, for transport, heating, and industrial use. Wind power and solar photovoltaic systems (PV) have the greatest potential to mitigate climate change. Since the late 2010s, the renewable energy transition is also driven by the rapidly increasing competitiveness of both. Another motivation for the transition is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Nigeria
The Economy of Nigeria is a middle-income, mixed economy and emerging market with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. It is ranked as the 27th-largest economy in the world in terms of nominal GDP, and the 24th-largest in terms of purchasing power parity and the largest Sub Saharan Africa’s economy. Nigeria has the largest economy in Africa. The country's re-emergent manufacturing sector became the largest on the continent in 2013, and it produces a large proportion of goods and services for the region of West Africa. In addition, the debt-to-GDP ratio. Nigerian GDP at purchasing power parity (PPP) has almost tripled from $170 billion in 2000 to $451 billion in 2012 ,though estimates of the size of the informal sector (which is not included in official figures) put the actual numbers closer to $630 billion. Subsequently, the GDP per capita doubled from $1400 per person in 2000 to an estimated $2,800 per person ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bitumen
Asphalt, also known as bitumen (, ), is a sticky, black, highly viscous liquid or semi-solid form of petroleum. It may be found in natural deposits or may be a refined product, and is classed as a pitch. Before the 20th century, the term asphaltum was also used. Full text at Internet Archive (archive.org) The word is derived from the Ancient Greek ἄσφαλτος ''ásphaltos''. The largest natural deposit of asphalt in the world, estimated to contain 10 million tons, is the Pitch Lake located in La Brea in southwest Trinidad (Antilles island located on the northeastern coast of Venezuela), within the Siparia Regional Corporation. The primary use (70%) of asphalt is in road construction, where it is used as the glue or binder mixed with aggregate particles to create asphalt concrete. Its other main uses are for bituminous waterproofing products, including production of roofing felt and for sealing flat roofs. In material sciences and engineering, the terms "asphalt" an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
