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Women In Energy Network To Launch Supernova Girl And Science Fair Program In Bille Community

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Women In Energy Network To Launch Supernova Girl And Science Fair Program, In Bille Community

…As Engr. Adokiye Tombomieye FNSE, the Keynote Speaker

BILLE SUPERNOVA GIRL SCHOLARSHIP PROGRAMME & SCIENCE FAIR

Olushola Okunlade Writes

The Women in Energy Network (WIEN) has announced a plan to unveil the physical launch of its Supernova Girl and Science Fair program scheduled to take place in Bille Community, River State.

Inspired by the successful launch of our flagship program Supernova Girl and the overwhelmingly positive energy generated by the virtual launch which was attended by key players in the energy value chain, we use this medium to really appreciate all our partners.

The physical launch of the Supernova Girl and Science Fair program is scheduled to hold at the Townhall Bille Community, Rivers State on Saturday 25th June 2022 at 10:00 am.

The Father of the day is His Royal Majesty, King Igbikingeri Ngwowari Cornelius Herbert (Agbaniye-Jike XVIII), Amayanabo of Bille Kingdom, and Mother of the day H.E. Hon Justice Eberechu Nyesom Wike, Wife of the Executive Governor of Rivers State.

The President of WIEN, Mrs. Funmi Ogbue stated that the motive is to ignite the passion for Science, Technology, Engineering, and Mathematics (STEM) in young girls and to showcase the socio-economic value and application of STEM in everyday life. 

The targeted group is girls in senior primary schools, junior and senior secondary schools.

She explained that WIEN’s role is to mentor, point the way forward and partner with the would-be champions to midwife careers by way of providing learning aids, seminars, scholarships at some points, and above all inspiration.

Mrs. Ogbue stated that, during the event, experiments will be performed by the pupils with the guidance of APWEN members who are champions of the event.

Line up during the event also include; interactive and sensitization session for parents, guardians, and teachers to inspire a positive attitude and support for females in the pursuit of Science, Technology, Engineering, and Mathematics (STEM) which will be anchored by WIEN members.

“Scholarships will be awarded to fifteen students selected through written exams and science experiments across the three cadres. School uniforms, school sandals, bags, and textbooks will be distributed to about 467 students in Bille community”, Mrs. Ogbue added.

“Inspired by the successful launch of our flagship program Supernova Girl and overwhelming positive energy generated by the virtual launch which was attended by key players in the energy value chain, we use this medium to really appreciate all our partners”.

The WIEN President expressed optimism that early contact with the target group will indeed spark off a desire and an ambition of the girl child to study the sciences and ultimately pursue engineering as a profession and get them ready for a career in the Energy sector. 

“As the girls begin to imagine great careers in the Energy sector and diligently demonstrate passion and with the right guidance, the sky will be their limit”.

The illustrious son of Bille, Engr. Adokiye Tombomieye FNSE as the keynote speaker.  Other speakers include Dr. Justina Junmbo (former Permanent Secretary, Rivers State Ministry of Health) and Mrs. Okorite Adiele(former Chairman Degema LGA, Caretaker Committee, and a United Nations POLAC Ambassador for Peace.

Other speakers include Dr. Justina Junmbo (former Permanent Secretary, Rivers State Ministry of Health) and Mrs. Okorite Adiele(former Chairman Degema LGA, Caretaker Committee, and a United Nations POLAC Ambassador for Peace.

Know More About WIEN: The Women in Energy Network (WIEN) is an association established in 2020 to provide a platform for Women that work across the Energy Industry value chain; to network and build confidence and links to progress in their careers or businesses. Our core values are Excellence, Integrity, Collaboration, and Empowerment.

Our vision is to be the leading Network that promotes the participation and advancement of women in leadership across the energy value chain in support of National Development.

 

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Growing Energy Demand Presents Huge Business Opportunities For Seplat, Others – McKinsey & Company

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Growing Energy Demand Presents Huge Business Opportunities For Seplat, Others – McKinsey & Company

…’ Seplat Energy has an enormous chance to explore renewable energy solutions’

… Divestment opportunities abound for Seplat Energy, others

Olushola Okunlade Writes

Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, as well as other energy producers in Africa, is projected to grow more given the rising demand for energy in Africa. Africa’s energy demand is also expected to see increased growth over the decade amidst current realities.

Global management consulting firm, McKinsey & Company disclosed this at the Seplat Industry Lecture and Dr. ABC Orjiako send forth event held in Lagos at the weekend.

Growing Energy Demand Presents Huge Business Opportunities For Seplat, Others – McKinsey & Company

“There will be rising demand for fossil fuels in Africa driven by industrialization and population growth. Energy demand growth will be led by Nigeria, and this will create tailwinds for energy suppliers like Seplat Energy,” Oliver Onyekweli, Associate Partner and Co-Lead of West Africa Oil and Gas Practice, McKinsey & Company, said whilst making a presentation on the theme of the Lecture dubbed “The Future of African Oil & Gas: Positioning for the Energy Transition”.

“Africa’s growing energy demand also creates opportunities for Seplat to explore renewable energy solutions (e.g. solar, blue hydrogen),” he added.

Decarbonizing production and cost leadership, McKinsey explained, will be key going forward as capital providers continue to reduce exposure to oil and gas, with customers preferencing lower carbon shipments. Decarbonization of assets to the greatest possible extent, it added, will be needed to maintain “license to operate” and maintain access to capital at attractive rates. “As global oil demand peaks, maintaining cost leadership ($/bbl) will be increasingly vital.”

Indigenous producers will define the future of African oil and gas, as IOCs will continue to face pressure to reduce carbon-intensive operations and lower the cost of production, according to McKinsey, which also maintained that divestment is likely to continue.

“Companies like Seplat Energy are well-positioned to pick up producing assets going forward, provided they can maintain operational excellence. Ensuring continued access to talent will be key,” it added.

Growing Energy Demand Presents Huge Business Opportunities For Seplat, Others – McKinsey & Company

McKinsey further explained that “African energy infrastructure is a compelling opportunity. As the energy transition accelerates, gas will become more prominent as a “transition fuel”, especially in Nigeria. Significant domestic gas demand is a positive tailwind for Seplat Energy’s ANOH project and gas’ cleaner carbon profile (relative to diesel) should make gas projects easier to finance (can be paired with LPG). Investing in gas export infrastructure (e.g. FLNG) could create an opportunity to access high-value international spot market.”

Dr. ABC Orjiako, the Pioneer and immediate past Chairman of Seplat Energy, lauded all the company’s stakeholders for the huge successes recorded so far in the company since its inception, saying they were products of hard work, sleepless nights, and resilience.

Commending all stakeholders of Seplat Energy for the great achievements recorded so far, the Chairman, Seplat Energy, Mr. Basil Omiyi, said the year 2022 marks a major turning point for Seplat Energy as Dr. Orjiako retires from the Board after leading the Company to achieve monumental milestones over the last 13 years, including 9 years as a listed entity.

Notable amongst the achievements he listed were, the IPO vision, the listing, production growth, reserve addition, corporate governance, landmark acquisitions, funding strategy, and setting the stage for corporate transformation, amongst others.

In his remarks, the CEO of Seplat Energy, Mr. Roger Brown, said  Dr. Orjiako drove Seplat Energy’s long-term imperative with regards to global transition away from fossil fuels towards cleaner and renewable energies, advocating a Just Transition, which is to be conducted at an appropriate pace.

That, according to Brown, was why, the Board under Dr. Orjiako decided to re-brand the Company as Seplat Energy, which is a signal of “our intent and how we see our future”.

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Global Energy Crisis Shows Urgency Of Accelerating Investment In Cheaper And cleaner Energy In Africa

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Global Energy Crisis Shows Urgency Of Accelerating Investment In Cheaper And cleaner energy in Africa

Olushola Okunlade Writes

Today’s crippling spikes in energy prices underscore the urgency and the benefits for African countries of accelerating the scale-up of cheaper and cleaner sources of energy, the IEA says in a new special report released last week.

Russia’s invasion of Ukraine has sent food, energy, and other commodity prices soaring, increasing the strains on African economies already hard hit by the Covid-19 pandemic. The overlapping crises are affecting many parts of Africa’s energy systems, including reversing positive trends in improving access to modern energy, with 25 million more people in Africa living without electricity today compared with before the pandemic, according to the Africa Energy Outlook 2022.

At the same time, Africa is also already facing more severe effects from climate change than most other parts of the world – including massive droughts – despite bearing the least responsibility for the problem. Africa accounts for less than 3% of the world’s energy-related CO2 emissions to date and has the lowest emissions per capita of any region.

Despite these challenges, the report finds that the global clean energy transition holds new promise for Africa’s economic and social development, with solar, other renewables, and emerging areas such as critical minerals and green hydrogen offering strong growth potential if managed well. Increased international ambitions for cutting emissions are helping set a new course for the global energy sector amid declining clean technology costs and shifting global investment patterns. African countries are poised to benefit from these trends and attract increasing flows of climate finance.

“Africa has had the raw end of the deal from the fossil fuel-based economy, receiving the smallest benefits and the biggest drawbacks, as underlined by the current energy crisis,” said Fatih Birol, the IEA Executive Director. “The new global energy economy that is emerging offers a more hopeful future for Africa, with huge potential for solar and other renewables to power its development – and new industrial opportunities in critical minerals and green hydrogen.”

“The immediate and absolute priority for Africa and the international community is to bring modern and affordable energy to all Africans – and our new report shows this can be achieved by the end of this decade through the annual investment of $25 billion, the same amount needed to build just one new LNG terminal a year,” Dr. Birol added. “It is morally unacceptable that the ongoing injustice of energy poverty in Africa isn’t being resolved when it is so clearly well within our means to do so.”

The Africa Energy Outlook 2022 explores a Sustainable Africa Scenario in which all African energy-related development goals are achieved on time and in full. This includes universal access to modern energy services by 2030 and the full implementation of all African climate pledges.

With demand for energy services in Africa set to grow rapidly, ensuring affordability is an urgent priority. Increased energy efficiency is essential for this, since it reduces fuel imports, eases strains on existing infrastructure, and keeps consumer bills affordable.

Expanded and improved electricity grids provide the backbone of Africa’s new energy systems in this scenario, and are powered increasingly by renewables. Africa is home to 60% of the best solar resources worldwide, but it currently holds only 1% of solar PV capacity. Already the cheapest source of power in many parts of Africa, solar is set to outcompete all other sources continent-wide by 2030. Renewables – including solar, wind, hydropower, and geothermal – account for over 80% of new power generation capacity added by 2030 in the Sustainable Africa Scenario.

While renewables are the driving force for Africa’s electricity sector this decade, the continent’s industrialisation relies in part on expanding natural gas use. More than 5 000 billion cubic metres (bcm) of natural gas resources have been discovered to date in Africa that has not yet been approved for development. These resources could provide an additional 90 bcm of gas a year by 2030, which may well be vital for Africa’s domestic fertilizer, steel, cement, and water desalination industries. Cumulative CO2 emissions from the use of these gas resources over the next 30 years would be around 10 billion tonnes. If these emissions were added to Africa’s cumulative total today, they would bring its share of global emissions to a mere 3.5%.

Africa’s vast resources of minerals that are critical for multiple clean energy technologies are set to create new export markets but need to be managed well, with Africa’s revenues from critical mineral exports set to more than double by 2030.

A number of low-carbon hydrogen projects are underway, focused primarily on producing ammonia for fertilizers, which would strengthen Africa’s food security. Africa has huge potential to produce hydrogen using its rich renewable resources. As much as today’s energy demand could be produced at internationally competitive price points by 2030.

Achieving Africa’s energy and climate goals means more than doubling energy investment this decade. This would take it over USD 190 billion each year from 2026 to 2030, with two-thirds going to clean energy.

“Multilateral development banks must take urgent action to increase financial flows to Africa for both developing its energy sector and adapting to climate change,” said Dr. Birol. “The continent’s energy future requires stronger efforts on the ground that are backed by global support. The COP27 Climate Change Conference in Egypt in late 2022 provides a crucial platform for African leaders to set the agenda for the coming years. This decade is critical not only for global climate action but also for the foundational investments that will allow Africa – home to the world’s youngest population – to flourish in the decades to come.”

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2022 Energy Technology RD&D Budgets Data

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The IEA is delighted to inform all data users of the first release of the 2022 Energy Technology RD&D Budgets data.Energy Technology RD&D Budgets databaseThe Energy Technology RD&D Budgets free database, with data on public budgets up to 2022, is a unique data collection obtained from national administrations.In 2021, the estimated total public energy research, development and demonstration (RD&D) budget for IEA member countries increased by 2% reaching USD 23 billion. This was the fourth consecutive year of increase after five years of decrease although at a slower rate than previous years.In the past 5 years the increase in public RD&D budgets among IEA countries has mainly been driven by energy efficiency but the most rapid increase has been for hydrogen and fuel cells technologies.
The IEA is delighted to inform all data users of the first release of the 2022 Energy Technology RD&D Budgets data. Energy Technology RD&D Budgets database.

The Energy Technology RD&D Budgets free database, with data on public budgets up to 2022, is a unique data collection obtained from national administrations.

In 2021, the estimated total public energy research, development, and demonstration (RD&D) budget for IEA member countries increased by 2% reaching USD 23 billion. This was the fourth consecutive year of increase after five years of decrease although at a slower rate than previous years.

In the past 5 years, the increase in public RD&D budgets among IEA countries has mainly been driven by energy efficiency but the most rapid increase has been for hydrogen and fuel cell technologies.
IEA public RD&D budgets increase in the 2016-2021 period to technology
The database is now accompanied by a Data explorer, an interactive tool that gives the opportunity to dive into the full database.
Discover the free database and analysis at Overview – Energy Technology RD&D Budgets: Overview – Analysis – IEA.

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