TILDA FRANCES
Nigeria’s Department of Petroleum resources (DPR) has described the increasing popularity of alternative energy-powered vehicles as a threat to the oil producing nations, especially Nigeria.
The nation’s Director of DPR, Mr Modeccai Ladan disclosed this at the three-day Biennial International Conference for Health, Safety and Environment (HSE) organised by DPR in Lagos on Monday.
Ladan said that the oil and gas industry seemed to be under a new threat of renewed dislike and global war against fossil fuels and the quest for renewable and cleaner energy, purely for environment considerations, including global warming.
“Over the years, the threat against fossil fuels had always been on paper, but today, it is more real than ever, based on some clear evidence I like to draw our attention to.
“Three among the biggest technology companies have made attempts at electric cars to replace gasoline and diesel engines.
“While the attempt of Apple may not have made it to production yet and that of Google was suspended after clearly successful street trials that of Tesla actually took the world by surprise.
“Not only did the first two releases of Tesla outsell sales forecasts, they were actually oversubscribed, and the demand keeps rising while new models are being added,’’ he said.
Ladan said; “As we speak, some of the big International Oil Companies (IOCs) here seated are funding gigantic researches into alternative fuels, which include the use of cheap, common algae.
“ As sweet as Nigeria’s crudes are renowned to be globally, we have recently lost our most valued customers and our gas buyers are themselves now competing with us in the same market space as suppliers.
“Ladies and gentlemen, all of these points to one fact, namely, if Nigeria is to continue to benefit from its vast petroleum resources, now than ever is the time to build sustainability into its prospecting, drilling, production, transportation and usage.
“As well as management of its wastes. And this task rests on the shoulders of not only the DPR but all stakeholders.
“Little wonder then that we have chosen a befitting theme for this current edition of the conference, which is: “Driving Sustainability in the Oil and Gas Industry through Improved Stakeholders’ Environmental Stewardship,” he added.
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