Africa: Deloitte – Despite 60 Percent Share of W’africa’s bn Oil Market, Nigeria’s Cost of Drilling Highest Among Peers

Africa: Deloitte – Despite 60 Percent Share of W’africa’s $80bn Oil Market, Nigeria’s Cost of Drilling Highest Among Peers

Abuja — Despite controlling at least 60 per cent of West Africa’s $80 billion oil market, Nigeria’s cost of drilling per barrel is about 40 to 50 per cent higher than its peers, a report by Deloitte, a global firm which provides audit, consulting and financial advisory services across various industries, has said. Besides, the…

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Quaise Energy is unlocking geothermal power generation with millimetre wave drilling

Quaise Energy is unlocking geothermal power generation with millimetre wave drilling

Humanity’s quest for clean, reliable, and affordable energy is paramount. While solar and wind power offer solutions, a vast, untapped resource lies beneath our feet: the Earth’s internal heat. Geothermal energy has historically been limited to specific regions, but Quaise Energy, an MIT spin-off, is pioneering a groundbreaking technology set to unlock this potential globally….

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