Oil Will Remain Multi-Trillion-Dollar Market for Decades—Onyema

Nigerian Stock Exchange NSE Oscar Onyema

By Modupe Gbadeyanka

Despite efforts being made to drastically reduce the use of fossil fuel and embrace eco-friendly renewable energy sources, observers have maintained that the oil and gas market will continue to be viable.

The chief executive of the Nigerian Stock Exchange (NSE), Mr Oscar Onyema, noted that given its role in supplying affordable energy, the sector will remain a multi-trillion-dollar market for decades.

On Tuesday, October 20, 2020, experts in the oil and gas industry will brainstorm on the impact of the COVID-19 pandemic on the ecosystem at a webinar themed Perspectives of Operators and Industry Experts Post-COVID-19.

The event will bring together key players across the entire oil and gas value chain to discuss the reactions of the sector to global trends, government policies, funding dynamics, key challenges and potential shifts.

“The impact of the COVID-19 pandemic continues to be felt across diverse industries globally and the oil and gas industry is no exception.

“Today, the COVID-19 crisis has accelerated what was already shaping up to be one of the industry’s most transformative moments, the impacts of which will likely be felt throughout oil’s global supply chains and ripple into other parts of the energy sector,” Mr Onyema said.

“The question of how to create value in the new normal is, therefore, fundamental and one that we hope to discuss in this webinar.

“We envision that the insights gathered at the forum will lead to actionable solutions that can chart a more sustainable future for the oil and gas sector,” he said.

The webinar is expected to feature a stellar line-up of global speakers across the public and private sector to analyse global trends and insights that will shape the future of the Nigerian oil and gas sector, provide recommendations for policymakers, and identify opportunities for long-term growth and expansion.

It was gathered that the event will be headlined by the Minister for State for Petroleum Resources, Mr Timipre Sylva; the Director-General, Securities and Exchange Commission (SEC), Dr Lamido Yuguda; and the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari.

Others to grace the event are the CEO of Seplat, Mr Roger Brown; CEO, Niger Delta Exploration and Production, Dr Layi Fatona; Chief Investment Officer, Global Energy, International Finance Corporation (IFC), Mr Olivier Mussat; amongst others.

Interested participants have been urged to register to attend at http://bit.ly/nse-oilandgas-webinar.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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