• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, September 20, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

SPE Charges Nigeria to Stop Gas Flaring Waste 

March 17, 2025
Prince Agyapongby Prince Agyapong
in Extractives/Energy
0
Gas Flaring Waste

Gas Flaring Waste

The Society of Petroleum Engineers (SPE) has raised serious concerns over the massive waste of oil and gas resources in Nigeria, particularly the flaring of natural gas that could be harnessed to support industrialization and energy security. 

Dr. Riverson Oppong, Africa Regional Director of SPE, attributed the resource waste to poor infrastructure and low industrial capacity, calling for urgent reforms to ensure better utilization of Nigeria’s energy resources. 

Dr. Oppong compared Nigeria’s situation to Ghana, noting, “Ghana has made significant strides in efficient gas utilization, while Nigeria continues to waste substantial gas resources.” 

RelatedPosts

GoldBod CEO Credits Mahama’s Vision for $6 Billion Surge in Gold Sales 

Perseus Mining Gets Green Light for Côte d’Ivoire Underground Gold Mine 

TOR Set to Resume Operations in October, Eyes Private Partnerships 

The professional group also bewailed the massive resource waste in the Nigerian petroleum industry where it noted that poor infrastructure and low industrial capacity enabled the utilization of a very small fraction of produced gas. 

Dr. Oppong emphasized that accelerating industrialization across Africa is key to creating demand for gas resources.  

He noted, “Petroleum remains the most available energy source to drive the continent’s economic growth,” urging African governments to prioritize investments in gas infrastructure and energy projects that stimulate domestic demand. 

Nigeria has been flaring gas for decades, despite various government policies aimed at reducing this practice.  

The World Bank’s Global Gas Flaring Tracker has consistently ranked Nigeria among the top gas-flaring countries in the world. While Ghana has prioritized gas monetization, Nigeria struggles to leverage its natural gas for economic growth. 

Beyond resource mismanagement, Africa is facing a critical skills drain, as skilled professionals and young engineers continue to leave the continent in search of better career opportunities abroad. 

Dr. Oppong attributed this mass emigration to leadership failures and a lack of investment in human capital, warning that the energy sector is increasingly struggling with a widening talent gap. 

“This exodus threatens Africa’s ability to build local capacity for industrial and technological advancements in the energy sector.” 

Dr. Riverson Oppong, Africa Regional Director of SPE

Nigeria, in particular, has seen a surge in brain drain, with petroleum engineers, geologists, and energy specialists relocating to Europe, North America, and the Middle East for better job prospects and professional development.  

The inability of African governments to retain skilled labor poses a serious risk to the sustainability of the continent’s energy industry. 

SPE to Address Skills Shortages 

Dr. Riverson Oppong, Africa Regional Director of SPE
Dr. Riverson Oppong, Africa Regional Director of SPE

To counteract the impact of skills shortages, the Society of Petroleum Engineers (SPE) has launched initiatives aimed at improving access to professional development and technical training. 

“SPE Africa has initiated a move to set up an advisory board of experts from the continent to assist with articulating innovative strategies that would respond to the prevailing energy deficits in the continent.” 

Dr. Riverson Oppong, Africa Regional Director of SPE

Additionally, SPE has been investing in learning programs for African professionals, hosting over 600 virtual events to facilitate knowledge-sharing across the petroleum industry. 

Dr. Oppong also highlighted the “Energy 4 Me” initiative, which focuses on engaging college and university students in energy education.  

As part of its broader mission, SPE is advocating for decarbonization in Africa’s petroleum sector, aligning with global energy transition trends. 

Dr. Oppong emphasized that while there is growing international pressure for net-zero emissions, Africa must take a realistic and economically viable approach to energy transformation. 

“The focus is shifting from transitioning away from fossil fuels to transforming how they are produced and utilized.” 

Dr. Riverson Oppong, Africa Regional Director of SPE

SPE believes that carbon capture and storage (CCS) presents a cost-effective solution for making petroleum production more sustainable.  

“The group is championing innovations that would decarbonize the petroleum industry in a manner that would be cost-effective and economically beneficial to the industry.” 

Dr. Riverson Oppong, Africa Regional Director of SPE

The call by the Society of Petroleum Engineers (SPE) to end wasteful gas flaring, invest in local talent, and adopt sustainable energy strategies presents a crucial roadmap for Nigeria and other African nations.  

If implemented effectively, these measures could transform Africa’s energy sector into a globally competitive industry. 

As Africa grapples with energy security, leveraging natural resources responsibly and retaining skilled professionals will be essential for the continent’s economic prosperity. 

READ ALSO: UBA Business Series Champions Gender Parity and Female Empowerment 

Tags: African energy sectorEnergy transitiongas flaringNatural gasNigeria Oil and GasSociety of Petroleum Engineers (SPE)
Please login to join discussion
Previous Post

Trump, Putin To Hold Talks On Ukraine War

Next Post

Cina Soul Reveals Her Ideal Partner

[mc4wp_form id="1264"]

Related Posts

GSE Composite Index Surges Past 7,700 Mark, Bulls Maintain Relentless Momentum
Securities/Markets

GSE Composite Index Surges Past 7,700 Mark, Bulls Maintain Relentless Momentum

September 20, 2025
Ghana Bleeds $100m Annually as Raw Rubber Exports Rob Economy of Jobs & Revenue
Agribusiness

Ghana Bleeds $100m Annually as Raw Rubber Exports Rob Economy of Jobs & Revenue

September 19, 2025
Estonia Summons Russian Diplomat Over Incursion
Europe

Estonia Summons Russian Diplomat Over Incursion

September 19, 2025
Angola Weighs JPMorgan Swap Extension Amid Debt Pressures
Africa

Angola Weighs JPMorgan Swap Extension Amid Debt Pressures

September 19, 2025
Alliance of Sahel States
General News

President Mahama Says ECOWAS Engaged in Dialogue with Sahel States

September 19, 2025
Japanese Woman Weds Younger Man Defying Age Norms
Oddities

Japanese Woman Weds Younger Man Defying Age Norms

September 19, 2025
GSE Composite Index Surges Past 7,700 Mark, Bulls Maintain Relentless Momentum
Securities/Markets

GSE Composite Index Surges Past 7,700 Mark, Bulls Maintain Relentless Momentum

by Stephen M.CSeptember 20, 2025
Ghana Bleeds $100m Annually as Raw Rubber Exports Rob Economy of Jobs & Revenue
Agribusiness

Ghana Bleeds $100m Annually as Raw Rubber Exports Rob Economy of Jobs & Revenue

by Stephen M.CSeptember 19, 2025
Estonia Summons Russian Diplomat Over Incursion
Europe

Estonia Summons Russian Diplomat Over Incursion

by Comfort AmpomaaSeptember 19, 2025
Angola Weighs JPMorgan Swap Extension Amid Debt Pressures
Africa

Angola Weighs JPMorgan Swap Extension Amid Debt Pressures

by Lawrence AnkutseSeptember 19, 2025
Alliance of Sahel States
General News

President Mahama Says ECOWAS Engaged in Dialogue with Sahel States

by Silas Kafui AssemSeptember 19, 2025
Japanese Woman Weds Younger Man Defying Age Norms
Oddities

Japanese Woman Weds Younger Man Defying Age Norms

by Esther Korantemaa OffeiSeptember 19, 2025
GSE Composite Index Surges Past 7,700 Mark, Bulls Maintain Relentless Momentum
Ghana Bleeds $100m Annually as Raw Rubber Exports Rob Economy of Jobs & Revenue
Estonia Summons Russian Diplomat Over Incursion
Angola Weighs JPMorgan Swap Extension Amid Debt Pressures
Alliance of Sahel States
Japanese Woman Weds Younger Man Defying Age Norms
[/vc_row_inner]

Recent News

  • GSE Composite Index Surges Past 7,700 Mark, Bulls Maintain Relentless Momentum
  • Ghana Bleeds $100m Annually as Raw Rubber Exports Rob Economy of Jobs & Revenue
  • Estonia Summons Russian Diplomat Over Incursion
  • Angola Weighs JPMorgan Swap Extension Amid Debt Pressures
  • President Mahama Says ECOWAS Engaged in Dialogue with Sahel States
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.